Eve Air Mobility has secured $94 million in fresh equity financing, led by global industrial leaders like Embraer and Nidec. This funding will fuel the company’s ongoing efforts in developing and producing its eVTOL aircraft, positioning Eve for significant growth in the future.
Condor Airlines has expanded its fleet with the arrival of its first brand-new A321neo aircraft. This modern aircraft, featuring a two-class configuration, enhanced comfort, and advanced technology, marks a significant step in Condor’s modernization journey, offering passengers a more sustainable and enjoyable travel experience.
Private jet usage is rampant within Formula 1, with drivers, executives, and sponsors flying out to races with private aircraft. Some drivers own their private jets, while others utilize aircraft provided by the teams, which includes partnerships with charter companies. In this article, we explore the use of private jets in Formula 1, including partnerships, aircraft details, and driver preferences.
Airlines still have a lot of older narrowbody aircraft to replace, with the Airbus A320ceo, A321ceo, and Boeing 737-800 leading the way. According to AviationValues, 59% of the aircraft within this segment are either the Airbus A320ceo or Boeing 737-800, both of which have been replaced by new-generation aircraft. However, more airlines are moving toward larger aircraft, with the A321neo’s backlog now surpassing the A320neo’s backlog. As of March, the split between older and newer generation aircraft was 70% to 30%, meaning there is still a lot of work to do for airlines to replace their older aircraft.
