Finance news

Latest Finance news

Aero secures $65M in Series B financing to accelerate the future of premium air travel

Jet Token secures $40mm commitment for post IPO funding

Jet Token Inc. announced it has entered into a $40 million investment commitment from GEM Global Yield LLC SCS, the $3.4 Billion, Luxembourg based, private alternative investment group with offices in Paris, Nassau, New York, and Los Angeles. Under the share subscription facility, Jet Token Inc...

Kickstart the decarbonisation of aviation - SDF & Motus Ventures investment in Cranfield Aerospace Solutions

Cranfield Aerospace Solutions has secured investment from the Strategic Development Fund, the investment arm of the Tawazun Economic Council of the UAE, and Motus Ventures, taking the current investment round to £14.4million. CAeS is a pioneer in aerospace design and the manufacture of new...

Archer received $10 million pre-delivery payment from United Airlines for 100 eVTOL aircraft

Archer Aviation has received a $10 million pre-delivery payment from United Airlines for 100 of the company’s initial production eVTOL aircraft. The payment represents a watershed moment for the eVTOL industry, validating confidence in the commercialization of eVTOL aircraft and Archer’s leadership. United is making the deposit on 100 of Archer’s production aircraft which it agre...

Sevenair Group announces the closing of 2021 fiscal year with substantial growth

Sevenair Group announced oficial financial results of 2021 which registered an increase of 37% of revenue and an EBITDA increase of 263%. “2021 was a year where all industries were still much affected by the pandemic and in particular the aviation industry and considering that is with a lot of pride that we see these results. They are fruit of the coninuous efforts of all that integr...

Horizon Aircraft & Astro Aerospace - binding agreement for reprivatization

Horizon Aircraft Inc. has entered into a binding agreement with its parent company, Astro Aerospace Ltd and several of Astro’s key shareholders whereby Astro has agreed to sell 100% of the equity of Horizon to the Purchasers in exchange for certain Astro public securities and a fraction of the ownership of the newly privatized Horizon. Brandon Robinson, CEO of Horizon Aircraft,...

Agility completes £763 Million acquisition of Menzies Aviation, creating world largest aviation services provider

Agility has finalized its acquisition of UK-based John Menzies PLC and will combine the business with its National Aviation Services business to create a world leader in aviation services in 58 countries. Once integrated, the combined company will operate as Menzies Aviation and will be the world’s largest aviation services company by number of countries a...

American Airlines announced investment in hydrogen-electric engine developer ZeroAvia

American Airlines announced its investment inZeroAvia. In addition to the investment, a memorandum of understanding provides American the opportunity to order up to 100 engines from ZeroAvia’s hydrogen-electric powertrain development program. The engines are intended to power regional jet aircraft with zero emissions. Derek Kerr, American’s Chief Financial Officer, commented: &...

ST Engineering joins list of Skyports investors with USD 3.13M in final close of Series B

Skyports has completed the final close of its Series B capital raise with fresh investment from ST Engineering through its Corporate Venture Capital unit, ST Engineering Ventures. ST Engineering, which has over 45 years of experience in the aerospace industry, will join as the final investor in Skyports’ Series B funding round, following the first close in March this year. The...

Etihad Cargo posts record mid-year revenue

Etihad Cargo announced record-breaking results for the first half of 2022, achieving year-on-year revenue growth of 6 per cent compared to H1 2021 and contributing 35 per cent of Etihad Aviation Group's operating revenue. In addition to recording an increase in overall revenue, Etihad Cargo maintained a strong Delivered as Promised rate of 86 per cent, a 2 per cent increase compared...

Investors respond with enthusiasm to CubCrafters anticipated public offering

CubCrafters, the leading designer and manufacturer of Light-Sport, Experimental, and Part 23 Certified backcountry aircraft, announced at EAA annual AirVenture that it would invite outside investment for the first time in its 42-year history. In the first 48 hours since that announcement, over 1,000,000 shares of stock were reserved by potential investors excited for the CubCrafters Regu...

AeroVanti Air Club announces $9.75M funding round

AeroVanti Air club has engaged Network1 Financial Securities Inc. to raise up to $9.75 million in a Series A fundraising round. The company believes this capital infusion will position the charter aviation club, which has experienced 20X growth since launching in June 2021, to continue to scale its operations, grow its fleet, and expand its destination offerings and flight availability t...

Universal Hydrogen and Avmax announce firm order for hydrogen conversion and fuel services for 20 regional aircraft

Universal Hydrogen announced that Avmax Aircraft Leasing placed a firm order to convert 20 regional aircraft to run on green hydrogen. Within this order, Avmax has the flexibility to select between Universal Hydrogen’s ATR 72-600 and Dash 8-300 conversion kits. Further, Universal Hydrogen will provide hydrogen fuel to power both Avmax’s leased and owned fleets. Avmax, a...

CDB Aviation executes sale and leaseback transaction with Jazeera Airways

CDB Aviation signed a sale and leaseback agreement for two Airbus A320neo aircraft with a new customer in the Middle East, Kuwaiti carrier Jazeera Airways. The two neos will be configured with 174 economy class seats. The airline is expected to take delivery of the aircraft in September 2022. “We’re thrilled to welcome a new customer in a new jurisdiction for our comp...

VAH announces new seven aircraft purchase agreement of ~ $300 Million

Voyager Aviation Holdings signed a purchase agreement with a fellow blue chip aircraft leasing firm for seven young and in-production aircraft, all of which are on long-term leases with strong credit quality airlines. The assets include two Airbus A321-200s, two Boeing 737-800s, two Airbus A320-200 and one Boeing 787-8. The average age is ~8 years with an average remaining lease term...

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