Chinese eVTOL developer TCab Tech announces it has raised an additional 20 million USD in its Series A financing. TCab passenger-carrying E20 eVTOL is a tilt-rotor configuration, a 5-seater equipped with six rotors, four tilt and two lift rotors, and a high gull-wing with a conventional tailplane...

Equity Bank, a regional Wichita-based bank with $4 billion in assets, has announced its move into business aviation, through the creation of an aircraft financing division. The new department is headed by vice president of business aviation at Equity Morgan Littell, who oversaw a similar project...

Corporate aviation finance specialist Shearwater Aero Capital has warned that as many as 3,500 older jets worldwide could face a struggle to obtain new financing. The finance company, which has provided $100 million (£80 million) asset-based loans on aircraft since its launch in 2014, estimate...