Electra has announced the successful closure of a US$115 million Series B funding round to support the next stage of development for its pioneering EL9 aircraft—the world’s first ultra short take-off and landing aircraft. This funding will enable Electra to progress into the pre-production and certification phase of the EL9, which is capable of taking
airBaltic Training, a subsidiary of the Latvian national airline airBaltic and an aviation training provider in the Baltics, has announced its 2024 performance results, showcasing notable growth in training activity, strategic development of services and increased revenue. In 2024, the company generated nearly €5.5 million (US$6.3 million) in operating revenue — a 13% year-on-year increase.
Comply365, a global provider of operational content, safety, and training management solutions across aviation, rail, defence, and space sectors, has acquired Rolls-Royce’s Safety Management System (SMS) business. This move forms part of Comply365’s broader strategy to enhance its presence in the global safety and compliance management market. The Rolls-Royce SMS business, a well-regarded provider of
Phoenix Aviation Capital (Phoenix), a full-service aircraft lessor, and AIP Capital have announced the closing of a pre-delivery payment (PDP) financing facility. The facility is designed to fund pre-delivery payments for Phoenix’s orderbook of 30 Boeing 737 MAX-8 aircraft. It provides up to US$300 million in total commitments, comprising US$175 million in immediate funding and
Mitsubishi UFJ Financial Group (MUFG), a provider of financial services, has closed a US$75 million senior secured revolving credit facility (RCF) for Sun Country Airlines (Sun Country). MUFG acted as sole structuring agent and joint lead arranger with a US$37.5 million commitment. Sumitomo Mitsui Banking Corporation, serving as the other joint lead arranger, provided the
ITP Aero, majority-owned by Bain Capital, has reported record revenues of €1,612 million in 2024, an increase of 24% compared to 2023. The company also achieved an EBITDA of €295 million, representing a 43% increase from the €217 million recorded in 2023. In a further demonstration of its commitment to innovation, ITP Aero invested €102
Vietjet Air and AV AirFinance have signed a financial agreement worth US$300 million, in a ceremony attended by Vietnam’s Deputy Prime Minister Ho Duc Phoc and senior government officials. This deal is part of a broader financing package, exceeding US$4 billion, aimed at supporting Vietjet’s fleet development, with nearly 300 aircraft set to be delivered
Jet Parts Engineering (JPE), a provider of PMA parts, DER repairs, and MRO services for commercial aircraft has acquired Cima Aviation, a prominent MRO company specialising in fuel and hydraulic component repairs. This strategic move further enhances JPE’s ability to deliver comprehensive aftermarket solutions to its global network of commercial, cargo, regional, and military aircraft
AAR CORP., a prominent provider of aviation services to both commercial and government sectors, has completed the sale of its non-core Landing Gear Overhaul business to GA Telesis for US$51 million. This move aligns with AAR’s broader strategy to streamline its portfolio and strengthen its focus on core aviation aftermarket services. The company initially announced
De Havilland Aircraft of Canada (DHC) has acquired all shares of Fleet Canada Inc. (Fleet), a Fort Erie-based aerospace manufacturer, strengthening its production capabilities and expanding its in-house expertise. Fleet, a key supplier for DHC and other original equipment manufacturers (OEMs), operates a 500,000 ft² facility in Southern Ontario, which will support DHC’s ongoing growth.
