VOLOCOPTER, Germany filed for insolvency proceedings to secure a long-planned capital increase from its existing shareholders; it is operating as normal. A partner at Anchor Rechtsanwältegesellschaft was appointed as administrator.
MENA players will have a significant and strategic role within the aircraft leasing market in the coming years. Ali Ben Lmadani, CEO ABL Corporation talked about how funding options can help achieve rapid growth without compromising sustainability goals.
Volocopter aims to uphold normal business operations after filing for bankruptcy as it failed to secure additional capital from its existing shareholders.
A Boeing 737-800 operated by South Korean carrier Jeju Air collided with a wall after touching down without its landing gear deployed at Muan Airport on Dec. 29.
LILIUM signed purchase agreement with MOBILE UPLIFT (company set up by experienced consortium of investors from Europe and North America) to acquire operating assets and provide sufficient funding to restart business operations.
BOEING is reportedly now aiming to increase 737 MAX production to 38 per month by May 2025 vs end 2024 due to IAM strike; prior to strike, it was producing about 25 aircraft per month, citing receipt of clean fuselages from SPIRIT.
Turkish drone-maker Baykar has acquired Italy’s beleaguered Piaggio Aerospace, just over six years after the latter entered extraordinary administration.
Mobile Uplift Corp., a consortium of European and North American investors, has agreed to acquire assets of bankrupt electric aircraft manufacturer Lilium.
WOODWARD agreed to acquire Safran's electromechanical actuation business in North America, including intellectual property, operations assets, talent, and customer agreements for Horizontal Stabilizer Trim Actuation (HSTA) systems.
