Bloomberg Vertical Aerospace Group Ltd, the developer of electric vertical takeoff and landing aircraft, won pre-order contracts of as much as $4 billion as it plans to go public through a merger with a blank-check company. American Airlines Group Inc, Virgin Atlantic Airways Ltd and aircraft lessor Avolon Holdings Ltd agreed to buy as many as 1,000 of the vertical …

Bloomberg Daily US air travellers exceeded 2 million for the first time since the coronavirus pandemic began, reaching almost three-quarters of the volume recorded on the same day in 2019, according to the Transportation Security Administration (TSA). The total is part of a trend towards improving numbers since February, when vaccinations against the virus began to have an appreciable effect …

Bloomberg KKR & Co has acquired an almost $800 million loan portfolio from CIT Group Inc as it seeks to expand its footprint in the aviation sector. The deal is part of the global investment firm’s launch of a new commercial aviation lending platform, AV AirFinance Limited, which will provide secured financing to airlines, lessors, manufacturers and investors. The purchase …