Financial

Lilium, developer of the all-electric vertical take-off and landing (eVTOL) Lilium Jet, has announced the successful closing of a US$119 million (£100 million) capital raise from existing shareholders, new investors and strategic partners. Participants include Honeywell and Aciturri as well as LGT and its affiliated impact investor Lightrock, Tencent, B. Riley Securities and certain affiliates

In the presentation to shareholders at its Annual General Meeting, Regional Express (Rex) will reveal that its unaudited management accounts for October have reported a profit before tax for the domestic jet operations of about AU$2 million, following the marginal profitability reported for the month of September which was the first time that the jet

Dubai Aerospace Enterprise (DAE) completed the previously announced acquisition of SKY Fund I Irish, Ltd and its subsidiaries (SKY Fund I) on Friday, November 18, 2022. Sky Fund I owns and is committed to owning 36 aircraft on lease to 14 airline customers in 11 countries. Next-generation-technology aircraft represent more than 90% of the acquired

Airbus is to invests in Carbon Engineering, a Canadian-based climate solutions company, operating the largest Direct Air Carbon Capture (DACC) Research & Development facility in the world.   The investment will contribute to funding part of Carbon Engineering’s advanced direct air capture R&D technologies at the company’s Innovation Centre in Squamish, B.C., Canada.  DACC is a

SAS has reached an agreement with one additional lessor, Bocomm,  representing three aircraft, to amend the terms of existing aircraft and equipment lease agreements. Including SAS’ previously announced amended agreements with lessors on October 5 and on November 1, 2022, SAS has now reached agreements with 13 lessors, representing 46 aircraft, as part of the