German delivery drone manufacturer and service provider Wingcopter last week raised $42 million from renowned financial and strategic investors as part of a Series A extension round. The fresh funding triples the company’s total equity raise to more than $60 million to date. Leading retailer REWE Group and German investors Salvia and XAI technologies have come onboard as new shareholders. They will now join Japanese conglomerate ITOCHU and previous backers Future Capital from Germany and … [Read more...] about Wingcopter scores US$42m in latest funding round
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AEI nabs deal to convert three MD-88SFs for USA Jet
Aeronautical Engineers, Inc. (AEI) has signed a contract to provide Michigan-based regional carrier USA Jet Airlines with three AEI MD-88SF freighter conversions, with further option to convert three more of the same aircraft type. The conversions are part of a significant expansion in domestic air capacity that the airline’s parent company Ascent Global Logistics is investing in over a multiyear period. The MD-88SF freighter conversion features additional pallet positions and greater … [Read more...] about AEI nabs deal to convert three MD-88SFs for USA Jet
Strong growth for time:matters, revenue up 13%
Following the successful spin-out of Liefery, time:matters, the international expert for same-day delivery and special speed logistics, is reporting a very strong development in the core business the first six months of the current fiscal year showing more than 13 per cent increase in revenue as compared to the previous year. The company continued the positive developments of 2014, which was the strongest year in the history of the company, with a turnover growth of 10 per cent. The … [Read more...] about Strong growth for time:matters, revenue up 13%