Lufthansa Group is to buy 22 "latest-generation" long-haul aircraft from Airbus and Boeing. The orders, for ten Airbus A350-1000s, five Airbus A350-900s and seven Boeing 787-9s, will come to $7.5bn ba...
Carlyle Aviation now holds a 7.5% stake in SpiceJet after converting $100 million of outstanding dues into equity. Carlyle also acquired compulsorily convertible debentures in SpiceXpress, the airline...
H3X Technologies has announced an investment by Lockheed Martin Ventures (LMV), part of Lockheed Martin Corporation. H3X said the investment is to "accelerate technology development and commercialisat...
A fintech hub will be established at Gift City with the support of Asian Development Bank (ADB). The announcement was made by the Finance Minister of Gujrat, Kenu Desai while presenting the budget for...
Air India plans to finance its mega aircraft order through a combination of three options using cash flow, equity by parent Tata Group, and sale and leaseback over the next few years, the airline’s ch...
The US government is to disburse nearly $1bn in infrastructure grants to 99 airports in 47 states. The money, which is to be spent under the 2021 Bipartisan Infrastructure Law, is to "meet the growing...
New narrow-body aircraft base values climbed "beyond the long-term trend into 2023", according to analysis by IBA, an aviation market intelligence company, with lease rates set to climb during the yea...
Finnair's final purchase price for the tender offer of its outstanding €400 million notes has been set to 90% of the nominal amount of each note, up from 85.5%. The amount of the notes validly tendere...
Sumitomo Corporation has announced an investment in Series E Funding round in Volocopter, thus becoming the latest Japanese investor and strategic partner in the company to join its list of partners. ...
Joby Aviation has reported a net loss of almost $67 million after ending 2022 with $1.1bn in cash and short-term investments, including an up-front equity investment of $60 million by Delta Air Lines....
South African Airways (SAA) will receive another funding round of $55 million from the South African Government for business rescue process. The announcement for added funds was made by the Finance Mi...
The main shareholders of Electra Airways, Classic Air, ETG Maintenance and Maverick Horizon have set up Vector Group, based in Tel Aviv, as a "vertically integrated" amalgam of the quartet. The group ...
We're Social