Czech Airlines Technics (CSAT), a subsidiary of Prague Airport, has achieved financial success for the first time since 2019. This positive outcome is attributed to the gradual restoration of operations across all sectors, increased service volume and optimal utilisation of available capacity. The EBITDA operating profit saw a year-on-year increase of 45 million crowns to
United Airlines (UAL) has announced its first-quarter (Q1) 2024 financial results, recording a pre-tax loss of US$164 million, marking a US$92 million improvement compared to the same quarter last year. Adjusted pre-tax loss stood at US$79 million, reflecting a US$187 million improvement on an adjusted basis from the previous year. These figures include a US$200
SAMCO Aircraft Maintenance, an aircraft maintenance provider, has reported the successful acquisition of Austrian Airlines Techniks Bratislava (ATB). Established in 2006, ATB has been providing heavy maintenance services to regional aircraft operators. Under the previous ownership of Austrian Airlines, ATB achieved remarkable growth and success. This change of ownership marks a new chapter for ATB,
On an initial basis, the Lufthansa Group has reported an Adjusted EBIT loss of €849 million in the first quarter of 2024 (compared to a loss of €273 million the previous year). The loss exceeded expectations due to various strikes, both by different employee groups within the Group and by employees at system partners, which
Rhinestahl Corporation has announced its intention to acquire HYDRO Systems KG, marking a significant step towards consolidating strengths in the aviation support equipment and services sector. The plans for this strategic acquisition were unveiled during a presentation at Aviation Week Network’s MRO Americas in Chicago, led by Dieter Moeller, CEO and President of Rhinestahl and
Spirit Airlines has struck a deal with Airbus to postpone the delivery of all aircraft slated for the second quarter of 2025 through the end of 2026 to the period between 2030 and 2031. Notably, this deferral excludes the direct-lease aircraft set for delivery during this timeframe, with one each in the second and third
On April 2, GE Aerospace soared into independence as a publicly traded entity, marking a significant milestone in the evolution of flight after the completion of the GE Vernova spin-off. Trading under the ticker “GE” on the New York Stock Exchange (NYSE), GE Aerospace charts a course towards innovation and excellence. H. Lawrence Culp Jr.,
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 materials primarily for the aerospace sector. In 2023, GIT SAS recorded a turnover of €8 million (£6.84 million) and employed over
Avion Express UAB has fulfilled its obligations to creditors almost two years ahead of schedule and has become the first airline in Lithuania to successfully complete its corporate restructuring process. During this process, the company not only ensured the continuity of its operations, but also grew its business. “The restrictions on air travel during the
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 per share in cash (an equity value of approximately €200 million at closing). The acquisition will further strengthen Honeywell’s capabilities to help its customers create autonomous operations in aircraft and other vehicles. It
