Avolon, a leading global aviation finance company, announces an agreement to acquire Castlelake Aviation Limited (‘CA Ltd’), an entity managed by Castlelake L.P., the global alternative investment manager. CA Ltd.’s total assets as of 31 March 2024 were $5.0 billion,…
GAMA released its shipments and billings report for the second quarter of 2024, and the results are generally positive for the general aviation market. Year over year business jet deliveries are up 8.8%, while industry billings year over year are…
Friday the 13th has arrived, and the news isn’t good for Boeing. The rank and file of the IAM have authorized a strike, and production will come to a grinding halt today in Seattle and Everett, impacting the 737 MAX…
Buddha Air, Nepal’s leading domestic airline, has made history with the retirement of its ATR 42-320 aircraft, with registration 9N-AIN. This marks a significant milestone as it’s the first-ever ATR aircraft to reach its full economic life of 70,000 flight…
PR: A high-level delegation from Embraer is concluding a visit to India this week as it evaluates the expansion of its supply chain into the country. Embraer foresees potential suppliers across its defense, commercial aviation and executive jets businesses for…
PR: Heart Aerospace, the Swedish hybrid-electric airplane maker, today unveils its first full-scale demonstrator airplane, marking a major milestone in developing its regional hybrid-electric aircraft, the ES-30. Built almost entirely in-house at Heart’s Gothenburg facilities, the demonstrator reflects the company’s…