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PhocusWire | March 26, 2020
Airline partnerships have been around for quite some time, with the first codeshare agreement having been created in the United States as early as the 1960s. Today, many airlines still maintain partnerships with each other, be it in the form of bilateral arrangements or by joining an alliance. The technology that has enabled these partnerships, however, hasn’t changed much over the last few decades. Each new collaboration between two carriers requires considerable investment and adds an ex...
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Wheels Up | April 04, 2022
Wheels Up Experience Inc., the leading brand in private aviation, today announced it has officially closed its acquisition of Air Partner plc, a U.K.-based global aviation services group with operations in 18 locations and four continents. Under the terms of the transaction, and following stockholder and regulatory approval, Wheels Up has acquired the entire issued share capital of Air Partner for 125 pence per share, equivalent to an enterprise value of approximately $109 million. ...
ZDNet | January 16, 2020
Japanese car manufacturer Toyota has been named as the lead investor in Californian-based aerospace company Joby Aviation's latest Series C funding round, which raised $590 million. Of that total, Toyota contributed $349 million. In the latest funding round, Toyota was also joined by prior investors Toyota AI Ventures, Intel Capital, Sparx Group, Capricorn Investment Group, JetBlue Technology Ventures, and AME Cloud Ventures, as well as new investors Baillie Gifford and Global Oryx. With thi...
Proponent, Sine Draco | May 05, 2021
Sine Draco Aviation Technology has chosen Proponent as a Tier 1 provider of machined parts and other conversion hardware for Sine Draco's A321 freighter conversion scheme. Sine Draco's A321-200 SDF turns the famous, fuel-efficient Airbus A321 passenger plane into a highly capable and efficient cargo platform. The conversion allows for a total freight volume of more than 7,600 square feet and a maximum payload capability of 62,000 pounds. Sine Draco's sta...
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