March 5, 2024

JetBlue and Spirit Airlines have terminated their merger plans

JetBlue and Spirit Airlines abandon merger plans

JetBlue and Spirit Airlines have jointly decided to terminate their merger agreement, originally slated for completion by July 24, 2024. Despite both airlines recognising the potential pro-competitive advantages of the merger, practical hurdles in meeting required legal and regulatory approvals led to this mutual decision. Joanna Geraghty, CEO of JetBlue, expressed the initial optimism behind […]

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American has placed orders for 85 Boeing 737-MAX 10, 85 Airbus A321neo and 90 Embraer E175 jets © American Airlines

American Airlines places 260 aircraft orders with Airbus, Boeing and Embraer

Aircraft & Engines

American Airlines (American) is set to revolutionize its fleet as it announced a substantial order for 260 new aircraft, comprising 85 Airbus A321neo, 85 Boeing 737 MAX 10, and 90 Embraer E175 planes. This comprehensive procurement strategy includes options and purchase rights for an additional 193 aircraft, marking a significant milestone in the airline’s commitment

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HEICO’s net income increases 23% in the first quarter 2024

Financial

HEICO has reported an increase in net income of 23% to US$114.7 million in the first quarter of fiscal year 2024, up from US$93.0 million in the first quarter of fiscal year 2023. Net sales increased 44% to US$896.4 million in the first quarter of 2024, up from US$620.9 million in the first quarter of

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Joramco and TUI have signed a new maintenance contract covering five B787 aircraft © Joramco

Joramco and TUI sign new maintenance agreement

MRO & Production

Joramco, the Amman-based aircraft maintenance, repair, and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), has reached a new maintenance agreement with TUI, highlighting the ongoing and robust partnership between the two companies. This agreement ensures continued collaboration for the long term. This agreement marks another milestone in the successful collaboration of

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NAC posts full-year 2023 net income of US$72 million

Financial

Nordic Aviation Capital (NAC) has released its annual financials for the year ended December 31, 2023. Key highlights include a net income of US$72 million, total available liquidity of US$856 million, and total assets of US$3.8 billion at year-end. The net debt stood at US$1.85 billion, with book equity reaching US$736 million. NAC owns 270

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Safran bizjet nacelle and CFM International RISE engine © Safran Nacelles/CFM International

Safran completes acquisition of 3D Metal Forming (3DMF)

Financial

Safran Nacelles has completed the acquisition of 3D Metal Forming (3DMF), a company specialised in high-energy hydro forming (HEHF) of metal parts. This innovative manufacturing process reinforces Safran Nacelles’ capacity to develop and produce parts for nacelles and engines, including nozzles and air inlet lips. HEHF is also an enabling technology for manufacturing monolithic integrated

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JetBlue and Spirit Airlines abandon merger plans

American Airlines places 260 aircraft orders with Airbus, Boeing and Embraer

HEICO’s net income increases 23% in the first quarter 2024

Joramco and TUI sign new maintenance agreement

NAC posts full-year 2023 net income of US$72 million

Safran completes acquisition of 3D Metal Forming (3DMF)

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5 March 2024

JetBlue and Spirit Airlines abandon merger plans

American Airlines places 260 aircraft orders with Airbus, Boeing and Embraer

HEICO’s net income increases 23% in the first quarter 2024

Joramco and TUI sign new maintenance agreement

NAC posts full-year 2023 net income of US$72 million

Safran completes acquisition of 3D Metal Forming (3DMF)

Stay Connected

Subscribe