Zag Daily’s Post

Exciting news for the aviation industry. Flynas has reportedly confirmed its plans for an Initial Public Offering (IPO) this year. IPOs in the aviation sector are relatively rare, particularly in the Middle East. Flynas' decision to go public underscores its confidence in its business model and growth prospects, as well as its desire to tap into capital markets for expansion and investment. #flynas #IPO #aviation #SaudiArabia #investing #economy #businessgrowth

Privately owned VistaJet grew at breakneck speed after 2019 to become the world’s second-largest flier of private jets. But, through complex financial engineering involving its founder and owner, Swiss entrepreneur Thomas Flohr—who briefly showed up in the Forbes billionaires list in 2018—it also accumulated big debts that could prove unsustainable. Investors are getting increasingly worried: A VistaJet bond issued last May closed Friday at a 17.23% yield, the highest on record. Its spreads relative to Treasury yield are well into distressed territory. This could be an underappreciated risk for Canada’s publicly-listed Bombardier, its key plane supplier, and the whole market for secondhand private jets.

Looking for someone from the Private Equity in the US to join Prince Air. We just need to be right one time. Many well known venture capitalist in the US have asked us to come back for follow up rounds of funding. Indian investors doesn't understand aviation and neither have an appetite to take risks in aviation. Prince Air is bringing the cost down by 95% to 97% to travel on a private jet in Europe-India-Middle East-Southeast Asia. 16 Airbus/Boeing Business Jets are ready to Fly exclusively across Europe-India-Middle East-Southeast Asia offering Unlimited Private Jet Flights between $747-$3100 per month. Many private jet/charter companies will be out of business once Prince Air is operational. Prince Air is the Uber/Airbnb of private aviation. Pls get in touch so we could have a chat. #privateequity #investors #hedgefund #venturecapital #investing #innovation #technology

SPAC Feed: FlyExclusive Sees Fractional Business Take Off with Cessna …  Aviation International News Source: FlyExclusive Sees Fractional Business Take Off with Cessna… - https://lnkd.in/eqg4ybPt #SPACs #SPACNews #SPAC #IPO #markets #news #capitalmarkets #trends #goingpublic #finance #business

At the end of 3Q23, Eve Air Mobility’s cash, cash equivalents, financial investments, and related-party loan with Embraer, totaled $256.4 million. This is down just $12.7 million in the quarter, reflecting the withdrawal of the first tranche of the two credit lines from Brazil’s National Development Bank (BNDES) that had been approved in December 2022. Eve received R$57 million (US$11.7 million, using the Sept. 30, 2023, exchange rate) of the total available funds of R$490 million (US$97.9 million) from BNDES. Both lines offer attractive terms and conditions that are aligned with Eve’s early-stage development, with long-term maturity and amortization grace period and will support Eve as it continues to advance its eVTOL program. With that, Eve’s 3Q23 total liquidity — including still-undrawn portions of the BNDES credit lines, is now at $342.5 million. Eve expects to continue drawing from these facilities through the end of 2024, which will help Eve better manage cash position and optimize its capital structure as well as capital deployment towards the development of our eVTOL program. For additional information, please access the full 3Q23 Earnings release, available in the Investor Relations website at ir.eveairmobility.com #avfoilnews

Horizon Aircraft Inc. has announced a proposed business merger with Special Purpose Acquisition Company (SPAC) and Nasdaq-listed, Pono Capital. The SPAC will help promote the expansion of Horizon’s business to better position itself as a leading player in the e/VTOL industry. The company's technology has already received funding support from the United States Department of Defense as well as various Canadian grants, alongside the Canadian government recently pledging $350 million to support the country’s sustainable aviation industry. The SPAC values Horizon Aircraft at USD96 million, which is expected to result in a combined pro-forma equity value of approximately USD216 million before expenses, assuming no redemptions in the Business Combination. The cash proceeds raised in the transaction, after any redemptions and payment of transaction expenses, are anticipated to be used for the further development of the #Cavorite aircraft. It is currently expected the transaction will close in the fourth quarter of 2023 or the first quarter of 2024. https://lnkd.in/eK-pTxyJ #horizonaircaft #canada #business #acquisition #spac #merger #evtol #cavorite #ponocapital #investment #electricaviation #evtolinsights

Well, I'm using the posterchild of unsafe airliners, the infamous Tristar L-1011 to illustrate how the traditional aviation industry has been consolidating for decades now. A similar process is inevitable in uncrewed aviation and the signs are already there with the announced merger between Drone Delivery Canada and Volatus Aerospace. At the same time, Aerit announced it is declaring bankruptcy as we see companies aiming at the end user for small package deliveries fall to the realities of such a market. In the meantime Aerialoop in Latin America and ORKID in Colombia continue to thrive in their respective middle mile and B2B segments respectively. We also mentioned Speedbird Aero as one company that has managed to thrive in the end-user sector with unusual success.

🌟 The Future Is Here: 🌟 Exciting news in the #aviation world! ✈ Heart Aerospace, a leader in hybrid-electric aircraft, has raised a whopping $107 million in a Series B round, bringing their total funding to $145 million. 🚀 Backed by major players like Air Canada and United Airlines, Heart Aerospace aims to revolutionize #airtravel with its ES-30 hybrid-electric aircraft. The funds will drive further development and certification efforts. With 250 confirmed orders and plans to reduce carbon footprints, the ES-30 is poised to reshape the future of aviation, connecting communities and opening new markets. Get ready for a greener, more connected sky! ✈️🌍 #ElectricAviation #SustainableFuture #aviation #aviationindusty

George Mattson appointed CEO of Wheels Up starting a New Chapter Wheels Up the private jet charter company that has carved its niche in the world of luxury travel, is once again in the spotlight. This time, the attention is focused on its latest management change, with the appointment of George Mattson as the new CEO. The move comes following an emergency bailout of $500 million from Delta Air Lines, Certares Management LLC & Knighthead Capital Management, LLC saving the company from bankruptcy. Wheels Up history Founded in 2013 by Kenny Dichter , Wheels Up has swiftly grown from a startup into a global leader in private aviation. The company has successfully createda strong brand and a loyal patrons community over the past decade. However, the journey hasn’t been without turbulence, as evidenced by the recent financial challenges that necessitated a bailout. George Mattson’s XP in aviation George Mattson, the newly appointed CEO, brings a wealth of experience to the role, boasting 25 years of deep involvement in the aviation industry. His multifaceted background encompasses strategic advising, financing, business ownership and operation, and directorship. Notably, Mattson had a seat on Delta Air Lines board of directors, demonstrating his extensive knowledge of the aviation industry. The future of Wheels As Mattson assumes his role as CEO, he faces the pivotal task of steering Wheels Up through the next chapter of its journey. With the backing of Delta and other investors, he aims to continue the company’s trend towards excellence. His target on delivering top-tier operational performance and unparalleled customer experiences while ensuring consistent profitability and n the long run. Wheels Up faces strong competitors such as NetJets Flexjet Luxaviation Group VistaJet & Jetfly within Europe With George Mattson at the helm, Wheels Up appears to be poised for a fresh start and a renewed commitment to delivering excellence in private jet industry (still a growing market). The company’s journey from startup to global leader has been marked by ups and downs, but with strategic leadership and financial support, Wheels Up is set to soar to new heights in the private jet charter industry. As the aviation world watches, the future of Wheels Up is filled with promise and potential & the alliance with Delta will sure be a major booster. #aviation #privatejet #wheelsup #deltaairlines The Wharton School Virgin Galactic #finance #investment Apollo Global Management, Inc. NetJets Embraer Dassault Falcon Jet Gulfstream Aerospace Pilatus Aircraft Ltd Cirrus Aircraft