12 February 2025

Spirit Airlines

Spirit Airlines restructuring update: Frontier’s proposal rejected

Financial

Spirit Airlines has provided an update on its restructuring process following a proposal from Frontier Group Holdings, the parent company of Frontier Airlines. On February 4, 2025, Frontier submitted a new restructuring proposal offering Spirit stakeholders US$400 million in second-lien debt and 19% of Frontier’s common equity following a proposed merger. The proposal would eliminate […]

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Daniel Hoffmann (l), CEO of Etihad Engineering and Simone Totti (r), Head of Avionics Aftermarket Sales at L3Harris © Etihad Engineering

Etihad Engineering to become L3Harris’ licensed repair centre

MRO & Production

At MRO Middle East, Etihad Airways Engineering (Etihad Engineering) and L3Harris Technologies (L3Harris) have announced their intention to enter into an agreement. Under this partnership, Etihad Engineering would be appointed as L3Harris’ licensed repair centre for cockpit voice recorders and flight data recorders in the Middle East. Daniel Hoffmann, CEO of Etihad Engineering, stated: “We

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Air Côte d'Ivoire Airbus A320

AFI KLM E&M extends support for Air Côte d’Ivoire

MRO & Production

Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) has announced the extension of its component support contract with Air Côte d’Ivoire, the flag carrier of Ivory Coast, for a further five years. This strategic partnership will support the airline’s ambitious fleet expansion and international route development. Under the renewed agreement, Air Côte d’Ivoire

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© Archer

Archer secures fresh funding to accelerate hybrid aircraft development

Financial

Archer has announced a successful funding round of US$301.75 million, further strengthening its financial position and enabling the acceleration of its hybrid aircraft platform development for the defence sector and beyond. Leading institutional investors, including funds and accounts managed by BlackRock, participated in the financing. This latest capital injection brings Archer’s total liquidity to approximately

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TARMAC Aerosave team

TARMAC Aerosave and Safran Aircraft Engines sign contract extension

MRO & Production

On 10 February 2025, during the MRO Middle East exhibition in Dubai, TARMAC Aerosave signed a contract extension with its partner and shareholder, Safran Aircraft Engines. This renewal defines the conditions for the installation of the reverse bleed system (RBS) on the CFM LEAP-1A engine, carried out by TARMAC Aerosave to support Safran Aircraft Engines’

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