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Horizon Aircraft signs LOI with Discovery Air Chile for five Cavorite X7 hybrid eVTOLs
Horizon Aircraft signs LOI with Discovery Air Chile for five Cavorite X7 hybrid eVTOLs

Hybrid electric vertical takeoff and landing (eVTOL) aircraft developer Horizon Aircraft has signed a letter of intent (LOI) with Chilean helicopter operator Discovery Air Chile to lease five Cavorite...

FTAI Aviation launches strategic capital initiative
FTAI Aviation launches strategic capital initiative

Maintenance, repair and exchange (MRE) provider FTAI Aviation has launched a strategic capital initiative in collaboration with third-party institutional investors.The first partnership under this ini...

American Airlines chief legal officer to depart
American Airlines chief legal officer to depart

American Airlines’ chief legal officer, Priya Aiyar, is to leave the company for a similar role outside of the airline industry.In a memo to company employees on January 10, 2025, Robert Isom, America...

Aircastle profits dip in third quarter results
Aircastle profits dip in third quarter results

Aircastle’s net income dipped to $18.1 million in the third quarter ending November 30, 2024, down from $25.6 million a year prior, the company said on January 10, 2025.Revenues for the quarter totall...