International Lease Finance (ILFC), the fast-growing aviation arm of the giant American Insurance Group, reports that revenues leapt by 28%, to $1.4 billion during 1995. The leasing company says that leasing rates continue to improve as the supply of "...good Stage 3 aircraft has substantially diminished". ILFC posted pre-tax profits of $338 million, up by more than 8%. Transbrazil stake and led directly to its collapse (Flight International 17 January).
Source: Flight International
Wisk Aero has shared new images of the first full-scale prototype of its autonomous Gen6 air taxi.
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