Lilium reports successful closing of US$119 million capital raise

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 […]

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SAS introduces new route to New York

Airlines & Routes

On February 9, 2023, SAS will launch its new route between Copenhagen Airport and John F. Kennedy International Airport in New York. The new route will enable SAS customers to travel easily from both the West and East side of New York as SAS continues to offer departures from Scandinavia to Newark. Through the launch

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Rex reveals increased profitability on domestic jet operations

Financial

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

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Goshawk delivers A320 aircraft to Heston Airlines

Aircraft & Engines

Dublin-based global aircraft lessor Goshawk has announced the delivery of one A320 aircraft to Heston Airlines. The A320 was successfully delivered to the Lithuanian ACMI operator on November 22. Heston Airlines is an A320- and A330-family fleet operator, with a focus on charter and ACMI markets, offering competitive, flexible solutions to customers during the recovery

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Lufthansa Cargo launches freighter service to Hanoi

Other News

Lufthansa Cargo has added Hanoi as a new destination to its global B777F route network for the winter flight schedule 2022/2023. The inaugural flight took place on November 2 from Frankfurt. With a stop in Mumbai, the Boeing 777F reached Hanoi on schedule on November 3. Lufthansa Cargo has been flying to Hanoi twice a

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Aergo Capital acquires Seraph Aviation, boosting assets by US$2.5 billion

Financial, Top Stories

Aergo Capital (Aergo) has announced the company’s acquisition of Dublin, Ireland-based Seraph Aviation Management Limited (Seraph Aviation) for an undisclosed sum. The deal will see Aergo take over the management and administration of 88 aviation assets spread across 38 unique lessees with a combined asset value of US$2.5 billion. This will see the total number

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LATAM-Delta joint venture announce non-stop service between São Paulo and LAX

Airlines & Routes

LATAM Airlines Group and Delta Air Lines have made the first operational announcements after receiving approval of their joint venture agreement in September. Among the initiatives, LATAM announced the launch of a new service between São Paulo and Los Angeles beginning July 1, 2023, adding a popular destination not currently served from Los Angeles. Additionally, this new

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Uzbek carrier Silk Avia opts for ATR aircraft

Aircraft & Engines

ATR and Silk Avia, Uzbekistan’s new regional airline, have signed Heads of Agreement (HOA) for the acquisition of five new ATR 72-600, three directly from ATR and two from a lessor. In addition to this agreement, the airline will soon start its operations with three used ATR 72-600. Silk Avia’s owner, Uzbekistan Airports, has invested

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TUI Group and Embraer sign services agreement for the Group’s E-Jets E2 fleet

MRO & Production

Embraer and the TUI Group have signed a contract for the Pool Programme to support TUI’s fleet of Embraer E195-E2s. The TUI Group will take delivery of three E195-E2s from AerCap on long-term lease. The aircraft, from AerCap’s existing fleet, will be delivered in a comfortable 136-seat single-class configuration in the first half of 2023.

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Adria Tehnika successfully obtaines EN 9110 certificate