Eve Air Mobility (US) has announced the receipt of a $35 million fund from BNDES (Brazil), a significant boost to its financial resources for advancing the development of eVTOL (electric Vertical Take-Off and Landing) aircraft. This funding underlines Eve’s commitment to innovation in the urban air mobility sector.
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Eastern Airlines Technic of China and Thales, based in France, have renewed their Partnership Agreement, ensuring avionics maintenance and repair services for the China Eastern fleet through 2029. This extended partnership will see Thales providing comprehensive maintenance for its avionics systems installed across China Eastern’s A320, A330, and B737 fleets. The long-term commitment underlines the close collaboration between Thales and Eastern Airlines Technic, emphasizing the…
Boeing has successfully priced its upsized concurrent offerings of common stock and depositary shares, raising approximately $19 billion to strengthen its financial position.
Satena, Colombia’s state-owned regional airline, is exploring options to replace its aging fleet of Embraer ERJ145 aircraft. The airline is currently evaluating both the Embraer E195 and the Airbus A220 as potential candidates for this fleet modernization, a move aimed at improving efficiency, capacity, and operational costs. This strategic decision is critical as Satena seeks…
Azul, a prominent Brazilian airline, has reported a net income of $62.4 million for the third quarter of 2024, reflecting a strong performance amidst challenging market conditions. The airline’s operating revenue saw a 4.3% increase, reaching $884 million. Azul’s financial position remains solid, with immediate liquidity reported at $416 million, ensuring operational stability and flexibility for future growth opportunities. The Q3 results underscore Azul’s ability…
Levu Air Cargo, a Brazilian air cargo carrier, has achieved a major milestone by obtaining its Air Operator Certificate (AOC). This certification allows Levu Air Cargo to legally operate flights within Brazil and marks an important step in the company’s growth strategy. As it moves forward, the airline is now preparing to take delivery of its second…
TUI Group (Germany), a global leader in tourism and travel, has reported a strong financial performance for 2024. The company’s revenue grew by 12% to reach $24.4 billion, underscoring its recovery and growth momentum in the post-pandemic travel industry. The group also recorded an Underlying EBIT of $1.3 billion, reflecting its strategic focus on operational efficiency and market expansion.
