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 ...
South Africa’s National Treasury Department has officially declared that South African Airways (SAA) is no longer technically insolvent. The chief director of asset and liability management at the Tr...
Ibom Air has acquired $30.5 million from the government for fleet and network expansion. The airline has confirmed that it is not a new investment but a part of the funds used for the pre-delivery pay...
Tongcheng Travel Holdings, Parent company of China’s Hunan Airlines has acquired 100% stake in online travel agency Beijing Tongcheng Tourism Investment Group for $102 million, the company declared in...
SpiceJet is planning to raise more funds and convert certain outstanding liabilities into equity shares. The airline board members will meet on Friday and consider further options to raise capital, ai...
Airbus shareholder TCI, a hedge fund, has demanded the French aerospace company drop plans to buy a near-30% stake in Evidian, a division of French consulting firm Atos. In a public letter by TCI chie...
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