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Air Lease Secures $966.5 Million Term Loan Facility

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Air Lease Corporation (ALC), a leading aircraft leasing company based in the United States, has successfully closed a $966.5 million unsecured term loan facility. The loan, which matures in December 2027, will provide financial flexibility to address the company’s working capital needs and support general corporate purposes.

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HAECO and COMAC Sign MOU to Strengthen MRO Services

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HAECO Group, a leading provider of aircraft maintenance, repair, and overhaul (MRO) services, has signed a Memorandum of Understanding (MOU) with Shanghai Aircraft Customer Service Co. Ltd. (SACSC), a subsidiary of the Commercial Aircraft Corporation of China (COMAC). This partnership is set to expand maintenance capabilities for COMAC’s ARJ21 and C919 aircraft platforms, providing comprehensive…

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Lilium N.V. Receives Nasdaq Delisting Notice Amid Subsidiary Insolvency Proceedings

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Lilium N.V., a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), has announced that it received a written notice from the Nasdaq Listing Qualifications Department on October 28, 2024. This notice follows the insolvency applications of Lilium GmbH and Lilium eAircraft GmbH, the company’s principal operating wholly-owned German subsidiaries, filed in the…

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LATAM Signs $300M Sustainability-Linked Loan

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LATAM Airlines Group, based in Chile, has signed its first-ever Sustainability-Linked Loan (SLL), securing financing of $300 million. The agreement was signed with Crédit Agricole CIB and BNP Paribas, both headquartered in France. This milestone marks a significant step in LATAM’s commitment to achieving its environmental, social, and governance (ESG) objectives.

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ANAC Publishes Airworthiness Criteria for Eve Air Mobility’s eVTOL

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Eve Air Mobility, a U.S.-based company specializing in electric vertical takeoff and landing (eVTOL) aircraft, has achieved a significant regulatory milestone with the publication of the final airworthiness criteria for its eVTOL by ANAC, Brazil’s civil aviation authority. This announcement brings Eve Air Mobility closer to certification, marking an essential step in the path toward…

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Chorus Aviation Completes Sale of Leasing Unit, Announces Leadership Changes

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Chorus Aviation (Canada) has finalized the sale of its Regional Aircraft Leasing segment, including Falko (UK), to HPS Investment Partners (US). The transaction represents a significant strategic shift for Chorus as it focuses on its core operations and streamlines its corporate structure.

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3TOP Aviation Acquires Four Ex-Alitalia CF34-8E Engines

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3TOP Aviation Services has acquired four ex-Alitalia CF34-8E engines to enhance its support capabilities for designated customers. The engines, with serial numbers 193835, 193838, 193846, and 193847, will be utilized to meet the specific needs of 3TOP’s clientele, offering essential components for regional aircraft powered by these engines. This acquisition strengthens 3TOP’s inventory and positions the company to provide faster and more…