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BETA Technologies Secures Over $300M to Advance Electric Aviation

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BETA Technologies, a Vermont-based electric aerospace company, has successfully raised $318 million in a Series C funding round. The investment was led by the Qatar Investment Authority (QIA), with significant participation from existing investors, including Fidelity Management & Research Company and TPG Rise Climate. Notably, longtime customer United Therapeutics also joined this round as an investor. This latest funding brings BETA’s total equity capital raised to over $1 billion.

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Phoenix Aviation Capital Secures $240 Million Term Loan

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Phoenix Aviation Capital (Ireland) has announced the successful closing of a $240 million term loan facility, marking a significant milestone in its expansion strategy. The funds will be used to finance the acquisition of six next-generation aircraft, all of which are on long-term leases with five airlines operating across the globe.

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Portugal Sets $817M Price For TAP Stake Sale

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The Portuguese government has formally set the valuation for the partial privatization of TAP Air Portugal (TP), placing a $817.7 million price on a 44.9% minority stake in the national carrier. In addition, 5% of the airline’s shares will be reserved for employees, while the state will retain majority ownership to safeguard strategic control.

Yakovlev Approves $11M Treasury Share Sale

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Yakovlev, a prominent Russian aircraft manufacturer under the umbrella of United Aircraft Corporation, has approved the sale of a package of treasury shares valued at $11 million. The shares account for just 0.3% of the company’s total issued securities, indicating a limited impact on shareholder structure while potentially offering liquidity or funding for operational activities.