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Latest Finance news

Lufthansa invests in first industrially produced carbon-neutral, electricity-based kerosene

Uber co-founder Garrett Camp’s Expa invests in drone delivery pioneer Wingcopter

Expa - a global network of startup founders supporting entrepreneurs through expertise, access, and funding - today announced a strategic investment in Wingcopter. Getting things to where they need to go isn’t always simple and, often, can be critically urgent. That’s where Win...

Lilium closes business combination with Qell Acquisition Corp.

Lilium, positioned to be a global leader in regional electric air mobility, today announced that it has completed its business combination with Qell Acquisition Corp., a publicly listed special purpose acquisition company. The transaction was approved by Qell’s shareholders on September 10, 20...

Welcome digital aircraft trading infrastructure - SenAer Trading

SenAer Trading global aircraft trading platform is officially launched! SenAer was founded to create an independent digital trading platform to facilitate sales in aircraft and aircraft parts by airlines, lessors, OEMs and institutional investors with a particular focus on widening the traditional investment base for secondary aviation asset sales. Nollaig Murphy of SenAer c...

KKR Announces $40 Million Investment in Jet Edge International

KKR announced that KKR has agreed to invest $40 million in preferred equity in Jet Edge International, an Ohio-based global leader in full-service private aviation responsible for operating the largest fleet of Challenger and Gulfstream aircraft available for charter in the United States. KKR is making the investment in Jet Edge through its credit funds and accounts focused on asset-based fin...

EHang added to FTSE Russell Global Equity Index Series

EHang Holdings Limited announces that the Company’s stock will be added as a constituent of the FTSE Russell Global Equity Index Series, following FTSE's most recent semi-annual review. The inclusions in the three indexes listed below will become effective after the close of business on Friday, September 17, 2021. FTSE Global Small Cap Index FTSE Global All-Cap Index (LMS)...

Griffin Global Asset Management orders five Boeing 737-8 jets

Boeing and Griffin Global Asset Management announced the aircraft lessor is expanding its commercial aircraft portfolio with five new 737-8 jets. The purchase is Griffin’s first direct order with Boeing as it sees strategic opportunities to place the airplanes during the market recovery. “As market conditions rebound, we are finding opportunities to serve our airline customers in in...

Tamarack Aerospace Group exits voluntary bankruptcy and keeps growing

The U.S. Bankruptcy Court for the Eastern District of Washington has granted a Final Decree in the Tamarack Chapter 11 voluntary reorganization, closing the bankruptcy case as the Active Winglet company continues to grow operations and fill orders for its sustainable performance and safety enhancing technology. This Final Decree ends a bankruptcy proceeding that began June of 2019, after Tam...

CDB Aviation and Volaris agree to sale and leaseback of 4 new A320neo aircraft

CDB Aviation announced the signing of a new agreement with Mexico’s number one airline, Controladora Vuela Compañía de Aviación, for the sale and leaseback of four new Airbus A320neo aircraft. The aircraft, two of which are scheduled to deliver to Volaris by October 2021, with the remaining two expected to arrive by May 2022, are leased on a long-term basis, brin...

Lilium announces plan for $1 billion commercial deal & strategic alliance with leading Brazilian airline Azul

Lilium GmbH intends to enter into a $1 billion commercial deal and strategic alliance with leading Brazilian airline Azul S.A . It also announced the appointment of Gabrielle Toledano and Henri Courpron to the Board of Directors of Lilium N.V. upon completion of Lilium's business combination with Qell Acquisition Corp. These announcements coincide with Lilium's...

Airbus reports Half-Year 2021 results

Airbus SE reported consolidated financial results for the Half-Year (H1) ended 30 June 2021. “These half-year results reflect the commercial aircraft deliveries, our focus on cost containment and competitiveness, and the good performance in Helicopters and Defence and Space. Although the COVID-19 pandemic continues, the numerous actions taken by the teams have delivered a strong H1...

BAA Training secures €31 million financing for its global expansion

BAA Training announced it will be getting financing for its global expansion provided by UK Export Finance (UKEF) and US Apple Bank for Savings. Two companies belonging to Avia Solutions Group (ASG) - BAA Training and ASG Asset Management - were involved in signing the historic agreements with the leading financial institutions. The €31 million worth deal is one of the most signi...

Pula Aviation acquires a shareholding in Pambele Aviation

Pula Aviation Services Ltd has acquired a shareholding in Johannesburg, South Africa based Air Charter Company, Pambele Aviation. Pambele Aviation provides fully managed air charter services throughout southern Africa including Botswana, RSA, Mozambique and Namibia. In announcing the transaction, Pula Aviation’s Managing Director, Nick Brown explained: “The Pula Group owns a...

Deutsche Post DHL Group record quarterly earnings and once again corona bonus for employees

All divisions achieved a significant jump in earnings All divisions significantly exceeded the previous year's results. Network capacity utilization was constantly high in the second quarter 2021. B2C shipment volumes remained ahead of last year in all networks, while the recovery in the B2B businesses continued to gain momentum. At the same time the tight capacity situation both in Ocean a...

AELIS Group signs a Letter of Intent with AURA AERO for the purchase of 10 INTEGRAL E

AELIS Group, the aviation financing and leasing specialist, has just signed a Letter of Intent for the purchase of ten INTEGRAL E aircraft and an optional ten extra aircraft. Headquartered in Slovakia, AELIS Group offers investment solutions across the world for aircraft owners, operators and investors. AELIS Group has developed a recognized expertise in regional and business aviation. T...

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