TP Aerospace
AviTrader sponsorship ad

Aeroclass, the online aviation training start-up attracts US$1.2 million in seed funding

Aviation e-learning platform Aeroclass has attracted US$1.2 million in seed funding from AeroCity Tech Ventures, a venture capital investing in aviation technologies. Aeroclass is the world’s first start-up to offer a modern online training platform specifically for aviation professionals.

According to the company’s CEO and co-founder, Lukas Rasciauskas, Aeroclass aims to revolutionize the aviation training industry by offering aeronautical professionals high-quality training on a convenient, ‘any time, any place’ platform. “The global pandemic has highlighted a long-standing problem with aviation training. The previously rigid sector was for the longest time in need of someone to come and shake the market from the ground up. That’s why we are here.”

Tech start-up Aeroclass is the first to introduce a virtual learning platform focused on the aviation industry, designed for professionals to acquire and deepen their knowledge in the aviation sector. The Aeroclass head emphasizes that the uniqueness of the start-up lies in the focus on the peculiarities of the aviation business. “Until now, the main focus in the application of new technologies in aviation training has been on pilot and crew training. We, on the other hand, target the areas of aviation management, law, communication, finance, audit, and crisis management that have received less attention so far. Aeroclass training will help newcomers to the sector and professionals seeking to improve their skills to understand aviation more quickly,” he said.

Although Covid-19 has shone a light on online training, the potential of the sector had already been on the industry’s radar. “Even before the pandemic, the value of the e-learning market grew steadily and in 2018 reached as much as US$100 billion. In 2020, the market doubled to US$200 billion, and it is expected that by 2027 we will have another doubling of the market value. Therefore, we have decided that now is the best time to develop online learning solutions for the aviation sector. We are pleased that the potential of this business has been noticed by the AeroCity Tech Ventures and we believe that this investment will contribute towards our rapid and successful growth,” said Rasciauskas.

According to the head of the AeroCity Tech Ventures, Julius Norkunas, who has been intrinsically involved with innovations and start-ups for many years, this investment in Aeroclass is the venture capital’s contribution to the aeronautical technology revolution. “We see huge potential in the virtual training sector, so we believe this investment will help modernize the aviation tech industry. AeroCity Tech Ventures plans to invest US$20 million in new and growing companies with valuable technological and modernization ideas for the aviation sector. We believe that with our help, many industry-changing ideas will see the light of day.”

Friday March 29, 2024
GIT, a 100%-owned subsidiary of Liebherr-Aerospace Toulouse SAS, soon will be known as Liebherr-Aerospace Coatings SAS © Liebherr Aerospace
Liebherr-Aerospace Toulouse SAS has completed the acquisition of GIT Galvanoplastie Industrielle Toulousaine SAS (GIT). Situated in Cugnaux, near Toulouse, France, the company specialises in surface treatment and the application of liquid paint on diverse mate... Read More »
Friday March 29, 2024
YunExpress will add a second Boeing 777 Freighter under a long-term charter agreement with Atlas Air ©Boeing
Atlas Air Inc., a subsidiary of Atlas Air Worldwide Holdings, has unveiled the extension of its strategic collaboration with YunExpress, a subsidiary of Zongteng Group. This expansion entails the addition of a second Boeing 777-200 freighter under a long-term ... Read More »
Friday March 29, 2024
Pratt & Whitney Canada to support FLY91's ATR aircraft powered by PW127M engines © Pratt & Whitney
Pratt & Whitney Canada (P&WC) has sealed a multi-year agreement with FLY91 to oversee the maintenance, repair and overhaul of the PW127M engines propelling its ATR 72-600 turboprop passenger aircraft fleet. FLY91, the fresh regional airline venture by ... Read More »
Friday March 29, 2024
Ryanair will purchase up to 360,000 tonnes of SAF from Shell between 2025 and 2030 © Ryanair
Ryanair has purchased 1,000 tonnes of sustainable aviation fuel (SAF) from global energy group, Shell, (enough SAF to fuel over 200 flights from Stansted to Madrid), which will be supplied to the airline at its Stansted Airport base. This purchase follows the ... Read More »
Friday March 29, 2024
Cargo aircraft
Air cargo rates are rising from most of the main global regions, especially from Asia Pacific and from Middle East & South Asia (MESA), strengthened by the ongoing disruptions to container shipping and elevated demand for cross-border e-commerce shipments.... Read More »
Friday March 29, 2024
Darius Kajokas CEO of Avion Express
Avion Express UAB fulfilled its obligations to creditors almost two years ahead of schedule and became the first airline in Lithuania to successfully complete its corporate restructuring process. During this process, the company not only ensured the continuity... Read More »
Thursday March 28, 2024
Ground-breaking of AAR's new facility in Miami © AAR Corp.
On Wednesday, March 27, AAR CORP. commenced the construction of its new maintenance, repair, and overhaul (MRO) facility in Miami, marking a significant milestone for the company. Over 400 attendees congregated to commemorate the occasion, with John M. Holmes,... Read More »
Thursday March 28, 2024
Johan Malmqvist
Lilium has appointed Johan Malmqvist as Chief Financial Officer (CFO) effective April 1, 2024, bringing more than 25 years of experience as a CFO of global public and private companies across a variety of sectors and geographies. Most recently, he served as CF... Read More »
Thursday March 28, 2024
The Airbus A220 is powered by PW1500G engines
SIA Engineering Company (SIAEC) has entered into an agreement with Pratt and Whitney (P&W) to exit from the PW1500G engine risk-revenue sharing programme (RRSP) that was held through its wholly-owned subsidiary, NexGen Network (2) Holding (NGN2). This prog... Read More »
Thursday March 28, 2024
Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash © Civitanavi
Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi Systems S.p.A., for a purchase price of €6.30 (£4.60) per share in cash (an equity value of approximately €200 million (£171 million) at closing). The acquis... Read More »
Thursday March 28, 2024
STS Aviation Group
STS Aviation Group has announced the expansion of STS Aviation Services UK, with the opening of two new line maintenance stations at East Midlands (EMA) and Norwich (NWI) airports in the United Kingdom, effective April 1, 2024. This strategic expansion is set... Read More »
Thursday March 28, 2024
© Lufthansa and the trade union Ver.di resolved the ongoing pay dispute
Following successful mediation, Lufthansa and the trade union Ver.di have reached an agreement on the main features of a collective labour agreement for approximately 25,000 Lufthansa employees, announced in Frankfurt. Details of the agreement to be disclosed ... Read More »
Wednesday March 27, 2024
Condor Boeing 757-300 aircraft © AirTeamImages
Crestone Air Partners, an aviation asset management platform supported by Air T, has successfully acquired eleven Boeing 757-300 aircraft. This milestone transaction not only signifies substantial growth for Crestone but also underscores its capability to exec... Read More »
Wednesday March 27, 2024
SAS
SAS AB has officially applied for company reorganisation (Sw. företagsrekonstruktion) in Sweden today, March 27, 2024. The commencement of this process is contingent upon approval from the Stockholm District Court. It’s important to note that this appli... Read More »
Wednesday March 27, 2024
© Brussels Airlines
Brussels Airlines has successfully concluded negotiations with cockpit unions regarding their reward package, with the agreement formally signed on March 24, 2024. The specifics of the agreement will be communicated to the cockpit community in the forthcoming ... Read More »
Wednesday March 27, 2024
IFS Cloud has been selected by Joby Aviation to shape the future of eVTOL aircraft
Joby Aviation, the manufacturer of eVTOL aircraft for commercial air taxi services, has selected the IFS Cloud for Aviation Maintenance solution for its pioneering eVTOL aircraft maintenance processes. Joby continues to lead the way on the development of eVTOL... Read More »
Wednesday March 27, 2024
Over two-million gallons of blended SAF will be supplied into the fuelling system at Schiphol Airport over the course of 2024 © Emirates
Emirates has commenced the activation of its fuel agreement with Neste this month at Amsterdam Schiphol Airport. Over two-million gallons of blended sustainable aviation fuel (SAF) will be supplied into the fuelling system at Schiphol Airport over the course o... Read More »
Wednesday March 27, 2024
the Ai Co-Validator promises to radically transform the way organisations process large volumes of incoming reports by leveraging artificial intelligence (AI)
ASQS, a provider of integrated aviation quality and safety management solutions has launched its latest feature – the iQSMS Ai Co-Validator. Developed in cooperation with Lufthansa Industry Solutions (LHIND), a renowned IT service provider specialising in di... Read More »
Tuesday March 26, 2024
Abelo has acquired four ATR 72-600s through SKY Leasing, currently on lease to IndiGo © ATR
Regional aircraft lessor Abelo has acquired four ATR 72-600 aircraft through SKY Leasing. This strategic transaction expands Abelo’s portfolio to a total of 57 owned and managed aircraft. All four aircraft are currently on lease to India’s low-cost carrier... Read More »
Tuesday March 26, 2024
© Shutterstock
AAR CORP. has reported third-quarter fiscal year 2024 consolidated sales of US$567.3 million and income from continuing operations of US$14.0 million. For the third quarter of the prior year, the company reported sales of US$521.1 million and income from conti... Read More »

2023 MEDIA KIT

Aviation Media Pack

Learn more on how AviTrader can expand your market

Please contact

Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada

Subscribe to the most widely accepted news source in the aviation industry!


Free Daily, Weekly and MRO Publications delivered to your Inbox!
News Alerts, Editorials, Marketplace, Executive Interviews +more

Select publications:

*we respect your privacy and AviTrader will not share your email address to any 3rd Parties.

Scroll to Top
AviTrader

FREE
VIEW