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Aviation Technology

ZeroAvia | September 21, 2023

ZeroAvia today announced that Airbus, Barclays Sustainable Impact Capital and NEOM have co-led the company's latest financing round. Breakthrough Energy Ventures, Horizons Ventures, Alaska Airlines, Ecosystem Integrity Fund, Summa Equity, AP Ventures and Amazon Climate Pledge Fund have also participated in the investment. This investment will enable ZeroAvia to accelerate pro...

Business Aviation

DroneUp | July 14, 2022

DroneUp, LLC, an autonomous drone delivery platform and leading drone services provider, announced the appointment of Sebastian Babiarz as its head of European airspace innovation based in Poland. Seb brings 20 years of drone and telecom experience across Europe to one of the fastest-growing drone service providers in North America. Seb was recently COO at Dronehub, the drone-in-a-box provider for automated monitoring and data collection. Before that, he was head of strategic business developmen...

Cathay Pacific Group | July 22, 2020

As a cash preservation measure, Hong Kong’s Cathay Pacific revealed today that it had signed an agreement with Airbus to defer deliveries of its A350-900s, A350-1000s, and A321neos. The airline is in advanced negotiations to delay the order of its Boeing 777-9s as well. In its official prospectus sent to Simple Flying, the delayed deliveries are expected to “produce cash savings to the Cathay Pacific Group in the short to medium term.” The prospectus is for the ai...

Aviation International News | January 22, 2020

Precision Aviation Group (PAG), an MRO provider and aircraft and helicopter supplier to the civil and defense markets, announced today its acquisition of Toronto-based World Aviation Corporation (WAC). The move expands Atlanta-based PAG’s MRO capabilities in electric motor subcomponent repairs. “Our investment in WAC…will vastly increase the number of capabilities we have to reduce the costs associated with providing MRO services to our customer base,” said PAG president...