FMS Aerospace

Gogo | September 01, 2020

Gogo Inc. (NASDAQ: GOGO) ("Gogo") today announced it has entered into a definitive agreement to sell its Commercial Aviation (CA) business to Intelsat S.A. (OTC: INTEQ) ("Intelsat") for $400 million in cash, subject to customary adjustments. The Gogo Board of Directors has approved the transaction. Intelsat expects to finance the transaction utilizing cash on hand and borrowings under its $1 billion debtor-in-possession credit facility and has obtained support from key econom...

Aerospace

ZeroAvia | January 20, 2023

In an important development for the aviation industry, ZeroAvia, flies the world's largest Zero-emission aircraft powered by a hydrogen-electric engine. For this maiden flight, ZeroAvia, a leading zero-emission aviation company, used its Dornier 228, a 19-seater testbed aircraft, retrofitted with a full-size prototype hydrogen-electric powertrain on the plane's left wing. The flight took off from the R&D facility of the company at Cotswold Airport in Gloucestershire,...

Air Transport

Archer Aviation | October 10, 2022

Based on Frost & Sullivan's extensive research into the urban air mobility industry, it is proud to present Archer Aviation with the 2022 North America Company of the Year Award. Archer Aviation is developing electric vertical takeoff-and-landing (eVTOL) aircraft for urban air mobility (UAM) travel. These aircraft will have easier intracity travel, cutting hour-long commutes to minutes and easing traffic congestion on city infrastructure through its aerial ridesharing service.With safety...

Air Transport

CDB Aviation | March 02, 2023

On March 01, 2023, China Development Bank Financial Leasing Co., Ltd. an Irish subsidiary, CDB Aviation, announced it has completed the final delivery of five new Boeing 737 MAX 8 aircraft in a series as a part of a leaseback transaction and sale contract with the Sultanate of Oman, Oman Air, the national airline. The aircraft, equipped with CFM Leap 1B27 engines and configured with 12 business class and 150 economy class seats, will support the airline's continuously expand...