Spanish electric air taxi developer Crisalion Mobility has until 30 September to secure fresh investment as it seeks to restructure under pressure from creditors. In June, Commercial Court No 2 in Bilbao granted the company a three-month extension to finalise a restructuring plan. Without new fund...

Flexjet has closed an $800mn equity investment from a consortium of strategic investors led by L Catterton, with participation from affiliates of KSL Capital Partners, LLC and the J. Safra Group. The investment, which marks the largest equity investment in the history of private aviation, will sup...

Revo has signed a binding agreement with Eve Air Mobility for the purchase of up to 50 electric vertical take-off and landing aircraft (eVTOLs). This marks the first agreement of its kind signed with Eve anywhere in the world. Valued at $250 million, the contract with Embraer's subsidiary was for...

Embraer announced today its plans to invest approximately US$ 3.5 billion by 2030 during the ceremony for "Mission 6 of the New Industry Brazil (Nova Indústria Brasil/NIB) - Technologies of interest for national sovereignty and defense," held in Brasília. The event was attended by Brazil’s Pr...

Growth in the advanced air mobility market and advances in establishing a regulatory framework is making eVTOL an increasingly attractive market for professional investment, according to new research. A study commissioned by Horizon Aircraft found that 93 per cent of senior executives at investme...

Joby Aviation, Inc., a company developing all-electric aircraft for commercial passenger service, today announced that SK Telecom, South Korea’s leading telecommunications company, is making an equity investment of $100 million in Joby, as part of an expanded partnership between the two companies....

Today, Dufour Aerospace AG announced that it successfully completed a Series B investment from Vista Global Holding Limited (Vista), the world’s leading global private aviation group, further supporting the continued development of sustainable aviation technologies. In addition to Vista, the ex...

Avfuel Corporation today announced a multimillion-dollar investment in Alder Fuels—a clean tech company pioneering first-of-its-kind technologies for producing sustainable aviation fuel (SAF) at scale. Avfuel is making the investment through its subsidiary, Avfuel Technology Initiatives Corpora...

London Oxford Airport is stepping up its infrastructure projects to support its historic general aviation (light aircraft /pilot training) customers and its expanding commercial business aviation activity.  The latter experienced more growth in 2021 in percentage terms than other UK peer airports â...

AutoFlight, a global electric vertical take-off and landing (eVTOL) startup specializing in developing and manufacturing autonomous aerial vehicles, announces a $100M (USD) Series A investment by European technology-investor Lukasz Gadowski and his company, Team Global. The capital from the...

Amber Aviation has announced that it has successfully closed its Series B funding round. Included in the funding is additional financing from Amber Aviation’s existing investor Hony Capital, also new investors NetJets, the Fung Investment, and Macau-based Liu’s Group.Starting in April 2022,...