Boeing has announced an estimated loss of US$4 billion for the fourth quarter of 2024, reflecting significant financial and operational challenges. The company projects a loss of US$5.46 per share and US$15.2 billion in revenue—below analysts’ expectations, according to LSEG estimates. Additionally, Boeing burned through US$3.5 billion in cash during the quarter but raised over […]
Boeing faces US$4 billion loss for fourth quarter Read More »
The Australian federal government has intervened to save Rex Airlines, acquiring AU$50 million in debt to prevent the airline’s collapse. The move ensures the continuity of essential air services to remote and regional communities across the nation. Rex Airlines entered voluntary administration in mid-2024 following the failure of its expansion into capital city routes. The
Australian Government rescues Rex Airlines with AU$50m debt acquisition Read More »
MTU Aero Engines AG has appointed Katja Garcia Vila as its new Chief Financial Officer, succeeding Peter Kameritsch. Vila, who brings 27 years of experience from Continental AG, including a tenure as CFO (2021–2024), will officially join MTU on April 1, 2025, with the transition completing on July 1, 2025. Outgoing CFO Peter Kameritsch, a
Katja Garcia Vila appointed CFO of MTU Aero Engines Read More »
Czech Airlines Technics (CSAT) has entered a long-term agreement with QOCO Systems to implement its QOCO MROTools application, a digital solution designed to streamline tooling management in the aviation maintenance, repair, and overhaul (MRO) sector. The partnership aims to enhance operational efficiency, reduce administrative burdens, and support CSAT’s broader digitalisation efforts. QOCO MROTools simplifies the
Czech Airlines Technics adopts QOCO MROTools Read More »
Lufthansa Technik (LHT) has inducted its first LEAP engine at XEOS in Poland, marking a significant milestone in its growing partnership with LOT Polish Airlines. Poland’s largest airline recently awarded Lufthansa Technik an initial batch of maintenance, repair, and overhaul services for the latest-generation CFM International LEAP-1B engines powering its Boeing 737 MAX fleet. Appropriately,
Joint venture XEOS boosts LHT’s capacity for LEAP services Read More »
IFS, a prominent provider of enterprise cloud and industrial AI software, has reported its strongest-ever financial performance for the year ending December 31, 2024. Sustained organic global growth, driven by increasing demand for industrial AI, has propelled annual recurring revenue (ARR) to surpass €1 billion, with total revenue for the year reaching €1.228 billion. The
IFS breaks records in 2024 with €1.228 billion revenue Read More »
