Joby Aviation Secures $250M Investment From Toyota

ByAdmin

Joby Aviation, the California-based developer of electric vertical takeoff and landing (eVTOL) aircraft, has announced the successful closing of the first $250 million tranche of a previously disclosed strategic investment from Toyota Motor Corporation. The funding reinforces Toyota’s commitment to supporting Joby’s efforts in bringing electric air mobility to market.

Please SUBSCRIBE to view the full content.
First month of membership is free!

Similar Posts

|

Parata Air Begins Repayment of Financial Support to Yangyang County Under Fly Gangwon Rehabilitation Plan

ByAdmin

Parata Air (South Korea) has commenced its repayment process to Yangyang County, issuing an initial $68,700 payment as part of a $1.3 million financial support settlement. The repayment is part of a court-approved rehabilitation plan following the financial restructuring of Fly Gangwon.

| | |

Ryanair Reports 18% Drop in 1H FY2025 Profit Despite Revenue Growth

ByAdmin

Ryanair Holdings, the prominent low-cost airline group based in Ireland, has reported an 18% decrease in after-tax profit for the first half of its fiscal year 2025, totaling $1.9 billion. This comes alongside a modest 1% increase in total revenue, which reached $9.4 billion. Despite the profit decline, Ryanair remains committed to its financial strategies,…

| |

Aircraft Engine Lease Finance Completes B737-800 Financing with Nedbank CIB

ByAdmin

Aircraft Engine Lease Finance (AELF), a US-based leasing company, has successfully completed the financing of a Boeing 737-800 in partnership with Nedbank CIB, a prominent South African financial institution. This transaction highlights AELF’s strategic focus on expanding its leasing portfolio while leveraging global partnerships to support aviation operations worldwide.

|

Electra Unveils EL9 Ultra Short Hybrid-Electric Aircraft Design

ByAdmin

Electra, a US-based aerospace company, has unveiled the design of its EL9 Ultra Short hybrid-electric aircraft. This innovative nine-passenger piloted aircraft is designed to offer exceptional efficiency and versatility in short-haul operations, marking a significant milestone in sustainable aviation. With the design phase complete, the EL9 now moves into its development phase, bringing Electra closer to delivering its vision of…

| |

Aviation Capital Group Secures $1B Credit Facility

ByAdmin

Aviation Capital Group (ACG), a leading U.S.-based aircraft leasing firm, has successfully closed a $1 billion delayed draw secured credit facility, marking a substantial addition to its financial flexibility. The facility was arranged with a syndicate of lenders and is set to mature in June 2027, offering the company a strong liquidity buffer for upcoming strategic initiatives.