Swedish hybrid-electric airplane maker Heart Aerospace announced it has raised $107m in Series B funding The new round brings the total financing raised by Heart Aerospace since its inception to $145 million. Among new investors is Sagitta Ventures, a Danish…
Hawaiian Holdings, the parent company of Hawaiian Airlines disclosed its financial results for the fourth quarter and full year 2023. Despite headwinds in the form of pandemic-related challenges, Maui wildfires, and ongoing market shifts, the carrier remains optimistic about future…
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Embraer deliveries rose 13% in 2023 and its backlog reached $18.7Bn, a $1.2Bn growth. The OEM delivered 75 aircraft in 4Q23; 49 executive jets (30 light and 19 medium), 25 commercial jets and 1 military C-390 jet. For the year…
Before one gets to the numbers, it is important to note Boeing will not provide 2024 guidance, as it notes the need to focus on “strengthening quality.” Boeing is working closely with FAA on the aftermath of AS1282. Consequently, it…
Korean Air reported a record-breaking revenue in 2023, surpassing pre-pandemic levels and defying headwinds with impressive gains in passenger travel. However, a Q4 loss cast a shadow on the otherwise stellar full-year performance. In 2023, the Korean flag carrier achieved…