Strom Aviation

Aerospace

Global Crossing Airlines | March 21, 2022

Eve UAM, LLC ("Eve"), an Embraer S.A. ("Embraer") company, and Global Crossing Airlines Group, Inc. ("GlobalX") have signed a Letter of Intent (LoI) to order up to 200 of Eve's electric vertical take-off and landing aircraft (eVTOL). This potential sale is included in Eve's current order backlog of up to 1,785 eVTOLs. The company expects to start the deliveries in 2026. The agreement also enables a promising partnership that intends to explore...

Business Aviation

Boom Supersonic | January 12, 2022

Boom Supersonic, the aerospace company building the world's fastest and most sustainable supersonic airliner, today announced it has entered into a three year strategic partnership with the U.S. Air Force valued at up to $60 million. The Air Force awarded this contract to Boom through its innovation arm, AFWERX, and its AFVentures division, which is designed to accelerate commercial technologies. Known as the Strategic Funding Increase (STRATFI), the STRATFI contract awarded to Boom is one o...

Aviation Technology

Vance Street Capital LLC | October 21, 2021

Vance Street Capital LLC a Los Angeles-based private equity firm, today announced the acquisition of McFarlane Aviation, Inc. ("McFarlane"), the leading designer and manufacturer of aftermarket PMA parts for the general aviation industry. This proprietary transaction represents the fourth platform investment out of Vance Street Capital III L.P. and leverages the firm's expertise in aerospace and highly engineered components. Terms of the transaction were not disclosed.
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Business Aviation

Eve; Azorra | December 22, 2021

Eve Air Mobility, an Embraer company, and Azorra, a longstanding partner and lessor of Embraer aircraft, signed a Letter of Intent (LOI) to order up to 200 of Eve's electric vertical take-off and landing (eVTOL) aircraft. This collaboration, in addition to the investor partnership announced today, confirms Azorra and Eve's joint commitment to provide accessible transportation and infrastructure solutions for early adopters of the Urban Air Mobility (UAM) industry. Eve'...