Joby Aviation, the California-based developer of electric vertical takeoff and landing (eVTOL) aircraft, has announced the successful closing of the first $250 million tranche of a previously disclosed strategic investment from Toyota Motor Corporation. The funding reinforces Toyota’s commitment to supporting Joby’s efforts in bringing electric air mobility to market.
Investec Aviation, a UK-based aviation finance specialist, has successfully completed a senior debt facility on behalf of Barings, a global investment management firm headquartered in the United States. The financing is tied to a portfolio of 12 end-of-life narrowbody aircraft, all of which are leased to multiple airline operators worldwide.
British Airways CEO Sean Doyle has sold 650,000 shares in the airline’s parent company, International Airlines Group (IAG), generating proceeds of approximately $2.8 million. The sale was disclosed through regulatory filings and reflects a significant personal divestment at a time when airline stock prices remain under scrutiny by investors.
Avolon Holdings, a leading Irish aircraft leasing company, has had its credit outlook revised from stable to positive by S&P Global Ratings. The change applies to both the company’s issuer credit rating and its senior unsecured debt rating, which remain at BBB- but now carry a more optimistic future projection.
AirAsia X reported a net profit of $11.8 million for the first quarter of 2025, supported by a modest 3% increase in revenue to $222.3 million. The Malaysia-based long-haul low-cost carrier continues its post-pandemic recovery and has made key progress toward restoring full operations.
WestJet Group has officially concluded its integration of Sunwing Airlines, bringing all jet operations under one air operator certificate (AOC). This move marks a significant milestone in the Canadian airline group’s consolidation strategy and paves the way for operational streamlining across its fleet and network.
GE Aerospace is projecting a significant increase in narrowbody engine deliveries for 2025, anticipating a growth rate of 15% to 20% year-on-year. CEO Larry Culp announced that the company is seeing tangible improvements in its supply chain, which have been a persistent bottleneck in recent years.
Deutsche Aircraft has officially rolled out the first D328eco test aircraft, designated as TAC 1, at its headquarters located on the Airtech Campus in Oberpfaffenhofen, Germany. This milestone marks the beginning of flight testing for the next-generation regional turboprop, which is intended to serve as a sustainable and modern evolution of the classic Dornier 328 platform.
Airbus has informed its airline customers that aircraft delivery delays are likely to persist for at least another three years, with the situation expected to normalize only by 2028. The continued delays are primarily attributed to persistent supply chain disruptions, particularly involving aircraft engines and critical structural components.
Etihad Airways of the United Arab Emirates has entered into a lease agreement with Air Europa of Spain for the Boeing 787-9 Dreamliner, which will be deployed on Etihad’s Abu Dhabi to Madrid route starting 24 June 2025. The move supports Etihad’s efforts to optimize long-haul operations and adjust capacity in key international markets.
