Aquila Air Capital (“Aquila”), a leading engine leasing company, announced today a significant investment from funds managed by Wafra Inc. (“Wafra”), a global alternative asset manager based in New York. Wafra has entered into a definitive agreement to acquire Aquila…
Phillip Sarofim, founding partner and CEO of global venture capital firm Trousdale Ventures, has been appointed to the National Air and Space Museum Board. This honor reflects Sarofim’s lifelong commitment to advancing innovations that positively impact lives and the planet.…
Wisk Aero, a prominent Advanced Air Mobility (AAM) company and developer of the first all-electric, self-flying air taxi in the U.S., has announced the signing of a Memorandum of Understanding (MoU) with Airservices Australia. This government-owned entity is responsible for…
Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, announces its financial results for the first half of the year ended June 30, 2024. Vertical has also…
With WSOC agenda and speakers confirmed, below is a summary of some of the key sessions to deliver on theConference theme this year ‘Embracing Innovation and Technology for Safe and Efficient Operations’. Michele Merkle, Director, ICAO Air Navigation BureauHot…
Avenger Flight Group (AFG), a leading provider of flight training solutions, has announced a leadership transition as part of its growth strategy. Pedro Sors, the company’s founder and long-time CEO, will step into the role of Strategic Advisor. Andres Restrepo,…
Intelsat, a global leader in satellite and ground network operations and in-flight connectivity (IFC), is set to become the first operator to offer multi-orbit solutions across all key business units by mid-2025. This initiative, driven by a new satellite terminal…
Altavair Limited (“Altavair”), a global aviation asset manager, is pleased to announce the appointment of Nick Hazeldine as Chief Operating Officer, effective October 2024. Based in Altavair’s Dublin office, Hazeldine will oversee key operational areas including Legal, Technical, Tax &…
The “In-flight Entertainment Systems – Global Strategic Business Report” has been added to the offerings at ResearchAndMarkets.com. Report Overview: The global market for in-flight entertainment systems, valued at US$4.8 billion in 2023, is projected to reach US$6.6 billion by 2030,…
Vertical Aerospace (NYSE: EVTL), a leader in zero-emissions aviation technology, has achieved a significant milestone with the successful completion of Phase 1 in the piloted flight test program for its VX4 prototype at the Vertical Flight Test Centre. During this…
Smiths Detection, a global leader in threat detection and security screening technologies, and part of Smiths Group plc, has announced the launch of the SDX 6040 Enhanced Image Quality (EIQ) system, a state-of-the-art solution designed to address the evolving needs…
Balfour Beatty US has announced the appointment of William “Billy” Webb as General Manager of its Total Power Group (TPG) operations, headquartered in Greensboro, North Carolina. Billy succeeds former General Manager Kevin Miller and will lead the TPG team in…