The Latest Breaking News from Avolon

Electric airplane start-up Vertical Aerospace (EVTL) has been making several positive developments, but it is yet to turn profitable. So, let’s find out if it is wise to invest in the stock now.

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Turkey's leading aviation conglomerate and owner of Freebird Airlines, Gözen Holding, committed to purchase or lease up to 50 VX4 eVTOL aircraft from international aircraft leasing company, Avolon. Gözen also had the option to purchase or lease up to 50 additional aircraft. In June 2021, Avolon ordered 500 VX4 eVTOL aircraft from Vertical…

Avolon, the international aircraft leasing company, has signed a non-binding memorandum of understanding with AirAsia Aviation Group Limited to lease a minimum of 100 Vertical Aerospace Ltd’s (NYSE:EVTL) VX4 eVTOL aircraft. Financial terms not disclosed. In June 2021, Avolon pre-ordered 500 VX4s from Vertical to place with its global airline customers.  Including the recent…