Dubai Aerospace Enterprise (DAE) has announced the signing of a definitive agreement with K2 Aviation, a specialist investor in mid- to end-of-life aircraft. The deal involves the sale of seven Airbus and Boeing aircraft currently leased to six airline customers. As part of the agreement, DAE will also provide ongoing servicing for the assets sold. […]
DAE to sell seven aircraft to K2 Aviation Read More »
Safran Aircraft Engines has completed the acquisition of Component Repair Technologies (CRT), a specialist in aircraft engine parts repair. Based in Mentor, Ohio, CRT employs over 450 personnel and will now serve as Safran’s centre of excellence for repairing large engine components, such as cases and rotating parts, within the Americas. This strategic move aims
Safran Aircraft Engines completes acquisition of CRT Read More »
Lockheed Martin has been awarded a US$270 million contract by the U.S. Air Force to integrate next-generation infrared defensive sensors on the F-22 Raptor. The system, known as the Infrared Defensive System (IRDS), features TacIRST sensors that enhance both survivability and lethality for the aircraft. This distributed set of embedded sensors is designed to provide
Lockheed Martin to update F-22 Raptor with infrared defensive sensors Read More »
Rory McQueen has joined Megacorp Aviation as Chief Financial Officer. His appointment represents a key step in the company’s ongoing development, where he will oversee financial strategy and operations across Megacorp Aviation and its subsidiaries, including the luxury private jet operator OPUL Jets. McQueen’s arrival highlights Megacorp’s dedication to accelerating growth, improving financial performance, and
Rory McQueen joins Megacorp Aviation as Chief Financial Officer Read More »
Vertical Aerospace, a global aerospace and technology firm, has successfully closed its underwritten public offering, raising gross proceeds of US$90 million. This marks a significant increase from its initial target of US$75 million, driven by strong investor interest. Over US$60 million of the funds came from new investors, while US$25 million was contributed by Mudrick
Vertical Aerospace raises US$90 million to advance electric aviation Read More »
The initial report on last month’s Jeju Air crash in South Korea has confirmed that bird strikes contributed to the accident, though the exact cause remains under investigation. The crash, which occurred on December 29, 2024, claimed 179 lives, leaving only two survivors among the 181 passengers and crew. Released on January 27, 2025, the
Bird strikes confirmed in Jeju Air crash preliminary report Read More »
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 »
