AeroTech Aviation

United Airlines | June 15, 2020

United Airlines today announced that it plans on using its MileagePlus frequent flyer program as collateral to secure a $5-billion loan, which would enable the company to boast an expected $17 billion in total liquidity by the end of 2020’s third quarter. This figure also factors in an anticipated $4.5 billion to be made available to the carrier through the U.S. government’s ‘Coronavirus Aid, Relief, and Economic Security Act’ (CARES Act) Loan Program, for ...

Airport Management

CDB Aviation | May 25, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited, announced today the signing of new lease agreements with Aerovías del Continente Americano S.A. Avianca (“Avianca”) for two Airbus A330-300 Passenger to Freighter (“P2F”) and one A320neo aircraft. The new agreements bring the total of CDB Aviation aircraft on lease to Colombia’s flag carrier to 8. In addition to the newly leased aircraf...

Aerospace, Air Transport

virgin orbit | August 19, 2022

Virgin Orbit , a leading launch provider, announced today that it has signed an agreement with South Korean investment group J-Space. The agreement will allow the companies to assess candidate spaceport launch sites in South Korea, with the goal of providing satellite launch services from there using Virgin Orbit’s LauncherOne System. The cooperative effort is designed to act as a catalyst to the burgeoning Korean small satellite and space solutions market, stimulate local economic growth,...

Air Transport

Vertical Aerospace | July 18, 2022

Vertical Aerospace a global aerospace and technology company that is pioneering zero emissions aviation, today announces a partnership with Babcock International the aerospace, defence and security company to explore new applications for its VX4 eVTOL aircraft. The VX4 has proven demand in the passenger transportation markets from established airline customers including Virgin Atlantic, aircraft lessors such as Avolon, and helicopter and tourism operators such as Bristow and Ibero...