Jackson Square Aviation (JSA) has raised $2bn to fund new aircraft purchases.The Japan Bank for International Cooperation (JBIC) provided a $1.2bn loan, with MUFG’s portion bringing the total co-finan...
Bank of America, Boom Supersonic, Boston Consulting Group, JPMorgan Chase & Co., Meta and clean energy non-profit RMI are teaming up under the Sustainable Aviation Buyers Alliance (SABA) to purchase s...
Europe's air passengers will face higher fares as airlines deal with "significant related costs" from replacing fossil fuels with sustainable aviation fuels (SAF), according to Standard & Poor’s Globa...
Investment company Cerberus Capital Management has announced that an affiliate has completed the previously announced sale of cargo logistics business Worldwide Flight Services (WFS) to SATS for "an ...
SpiceJet has finally hived off its cargo arm-SpiceXpress, making it a separate entity. With this transaction, SpiceJet has gained around $310 million and considerably reduced its negative net worth. “...
Avia Solutions Group (ASG) has reported a near-doubling of revenue to €1.9bn (US$ 2.06bn) in 2022, leaving it with a profit of €12 million after earnings of €285 million. Over 80% of revenue was gener...
Virgin Orbit is cutting "approximately 675 employees" or 85% of its workforce, it said in a Securities and Exchange Commission (SEC) filing on March 30. The cut is "to reduce expenses in light of the...
ASL Aviation Holdings has acquired Pionair, Australia’s independent provider of charter and ACMI services. Post-acquisition, the airline will continue to operate as Australian airline and will be re-b...
International Finance Corporation (IFC), a subsidiary of the World Bank is reportedly going to assist the Sri Lankan Finance Ministry in the divestment process of SriLankan Airlines along with its sub...
Stratus Financial, a company founded by flight and ground instructors in the US, has announced a deal withL3Harris Technologies to give "more comprehensive financial services" to L3Harris’ flight aca...
What the UK Department of Transport described as "a vital air route between City of Derry Airport and London Stansted" is to stay open until March 2024 after the government promised more money for it...
Florida-based luxury private jet operator SpeedBird is to merge with Northern Jet Management (NJM), a counterpart company based in the US mid-west. The transaction is set to close in the second quarte...
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