AllFly, which describes itself as "innovative travel technology startup based in Orlando, Florida", has been allocated $2.4 million in funding in a deal led by Lightbank with participation from Coraz...
ORIX Aviation has announced the "100% acquisition" of 14 aircraft from Merx Aviation. The 14 narrowbodies were previously held in a joint venture (JV) between the two companies. Spread among 10 lessee...
Kroll Bond Rating Agency (KBRA) has upgraded by a notch all tranches of notes issued in Global Jet Capital's (GJC) Business Jet Securities (BJETS) 2020-1 and BJETS 2021-1 transactions. GJC said that K...
United Airlines has announced a $5 million investment in carbon capture technology company Svante out of its UAV (United Airlines Ventures) Sustainable Flight Fund. Svante "provides materials and tech...
Cebu Pacific (CEB) recorded a whooping 261% increase in revenue from 2021 to close at P56.8bn in 2022. The airline made a 459% year-on-year (Y-O-Y) recovery in passenger business to close at P35.1 bn ...
The Jazeera Airways shareholders have unanimously approved the Board’s recommendation to distribute cash dividends worth 50% of the capital equivalent for H2 of 2022. The decision was announced at Jaz...
The European Commission said on March 27 that a €400 million bridging loan granted by the Italian government to Alitalia in 2019 was illegal state aid. The commission said Italian authorities have to ...
Bamboo Airways is planning to increase its charter capital through share issuance by 54% or nearly $425.44 million to fund its operations and pay off debts. The announcement will be made at the Extrao...
Kenya Airways reported a net loss of Sh38.36bn, almost more than double than last year in FY ending December 2022 citing rise in financing costs after the government took over servicing one of the dol...
The new restructuring plan of Kenya Airways under President William Ruto is about to receive government’s nod of approval soon. This plan will replace the initial plan that was introduced by the previ...
The Greater Toronto Airports Authority (GTAA) said 2022 passenger numbers through its airports "significantly increased" compared to 2021. The 181% year-on-year increase took traffic to 35.6 million p...
Mystifly concluded Pre-Series B funding with Cornerstone Venture Partners (CSVP) bringing the total of this round to $8 million combined with earlier investments. Earlier investors include RSI Fund I....
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