News in Numbers

Heathrow Airport has announced a £10bn ($13.5bn) investment plan aimed at enhancing the travel experience for passengers over the next five years.

American airline Avelo Airlines has confirmed a firm order for 50 Embraer E195 E2 aircraft, with the option to acquire an additional 50. The total list-price value of the order amounts to $4.4bn, excluding the purchase rights.

The Syrian General Authority of Civil Aviation has signed a memorandum of understanding that could lead to a deal valued at more than $4bn with a consortium led by Qatar’s UCC Holding to redevelop Damascus International Airport.

Spirit AeroSystems Holdings has reached a definitive agreement to divest its facility and operations in Subang, Malaysia, to Composites Technology Research Malaysia (CTRM) for $95.2m pending standard adjustments.

Aerospace and technology company Vertical Aerospace has announced the completion of its underwritten public offering, raising $60m in gross proceeds before deducting underwriting fees and costs.