Electra.aero, a US-based aerospace innovator focused on sustainable flight solutions, has secured $115 million in Series B funding to propel its EL9 program into pre-production and certification stages. The EL9 is an ultra-short takeoff and landing (ultra-STOL) electric hybrid aircraft designed for point-to-point mobility in urban and remote regions.
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Setna iO, a US-based aviation services company, has announced the acquisition of five Airbus A319 airframes for disassembly. This purchase allows Setna iO to expand its parts distribution network by providing high-quality, certified components sourced from these A319 aircraft. The disassembly process also supports sustainable practices in the aviation industry, as it enables the recycling and repurposing of…
AerCap Holdings, a leading global aviation leasing company based in Ireland, has announced its 4Q 2024 transactions, showcasing robust performance across its leasing, purchasing, and financing activities. During the fourth quarter, AerCap finalized 92 lease agreements, completed 41 purchases for 27 aircraft, executed 55 sale transactions for 26 aircraft, and secured financing transactions worth approximately $1.8 billion. Additionally, the company…
Comac (Commercial Aircraft Corporation of China) is pushing the boundaries of aerospace technology with its ambitious new project, the C949 airliner. This aircraft is designed to redefine supersonic travel, boasting a cruising speed of Mach 1.6 and an impressive range of 6,800 miles.
Silver Airways and its subsidiary Seaborne Virgin Islands have been granted approval to extend the 60-day period under Section 1110 of the U.S. Bankruptcy Code as part of their ongoing Chapter 11 restructuring efforts. This extension allows the carriers to maintain control of their aircraft and essential assets, ensuring operational continuitywhile they restructure financially.
China Eastern Airlines has reported a net loss of US$137 million for the first quarter of 2025, even as revenues experienced a 0.7% year-over-year increase, reaching US$4.5 billion. This performance highlights persistent operational and market pressures facing one of China’s major state-owned carriers.
JetBlue has retracted its 2025 financial forecast, becoming the latest U.S. airline to abandon forward guidance due to mounting economic uncertainty. The decision is attributed primarily to disruptions arising from the ongoing U.S. trade war, which continues to impact demand forecasts, cost structures, and broader market stability.
