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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 local court of Weilheim in Germany. The subsidiaries have applied for self-administration proceedings pursuant to Section 270(a) of the German Insolvency Code.

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Eve Air Mobility Secures $50M Loan to Advance eVTOL Development

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Eve Air Mobility, an Embraer subsidiary, recently announced a new $50 million bank loan to support the continued development of its electric vertical take-off and landing (eVTOL) aircraft. This funding aligns with Eve’s focus on transforming urban air mobility by creating sustainable, zero-emission transport options for congested cities. The loan will enhance Eve’s ability to…

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Willis Lease Finance Grows RevenueWillis Lease Finance Posts Record Q1 2025 Revenue, Declares Dividend

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Willis Lease Finance Corporation (NASDAQ: WLFC), a leading lessor of commercial aircraft engines and global aviation services provider, announced its financial results for the first quarter ended March 31, 2025. The company reported record quarterly revenue of $157.7 million, marking a 32.5% increase compared to the same period in 2024. Pre-tax income for the quarter was $25.3…

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SWISS Repurposes Engines from Grounded A220-300 for Fleet Use

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Emirates Hints at Expanding A350 Order Amid Boeing Delays

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Emirates (UAE) has suggested the possibility of increasing its current order of 65 Airbus A350 aircraft, signaling a strategic shift in fleet planning as the airline navigates delivery delays for its ordered Boeing 777X and B787 models. This move highlights Emirates’ focus on maintaining capacity growth and operational resilience.

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Spirit AeroSystems To Transfer Airbus Aerostructure Sites

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Spirit AeroSystems Holdings has reached a definitive agreement with Airbus to transfer ownership of certain assets and sites involved in the production of Airbus aerostructures directly to Airbus. The transaction is expected to close in the third quarter of 2025, representing a major structural shift in their longstanding manufacturing relationship.

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Blue Islands Seeks ATR 72-600 Captains for Channel Islands Operations

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Blue Islands, a regional airline based in the Channel Islands, is actively recruiting Direct Entry Type Rated Captains for its ATR 72-600 fleet. Operating approximately 900 flights monthly between Guernsey, Jersey, the UK, and Europe, Blue Islands plays a vital role in maintaining connectivity for the Channel Islands.