Financial

ORIX Aviation has confirmed the 100% acquisition of an aircraft portfolio, consisting of 14 narrow-body aircraft with ten lessees across multiple continents, from Merx Aviation. The aircraft were previously held in a joint venture between ORIX Aviation and Merx Aviation, which commenced in 2017 with 35 aircraft valued at US$1billion. After trading activity, the portfolio

Ascendance Flight Technologies, a start-up dedicated to sustainable aviation, has raised €21 million (£18.4 million). These new funds give Ascendance Flight Technologies the resources to fly its full-scale prototype, begin certification and scale-up actions for its first aircraft and help its first clients and partners to reduce the carbon emissions of their aircraft thanks to

Bombardier has updated its 2025 objectives. The company is now targeting more than US$9 billion in annual revenue by 2025, with an adjusted EBITDA of more than US$1,625 million and a healthy adjusted EBITDA margin of approximately 18%. Bombardier also expects to generate significant free cash flow in the coming years, to the tune of more than US$900

AAR CORP. has posted third-quarter fiscal year 2023 consolidated sales of US$521.1 million and income from continuing operations of US$21.8 million. For the third quarter of the prior year, the company reported sales of US$452.2 million and income from continuing operations of US$22.6 million. Adjusted diluted earnings per share from continuing operations in the third

Chicago-headquartered AAR CORP. (AAR) has announced its acquisition of Trax Corp. (trax), a leading independent provider of aircraft MRO and fleet management software to accelerate its digital solutions strategy. AAR is a global aerospace and defence aftermarket solutions company with operations in over 20 countries. It supports commercial and government customers through two operating segments:

Atlas Air Worldwide (Atlas) a leading global provider of outsourced aircraft and aviation operating services, has released that the investor group led by funds managed by affiliates of Apollo, together with investment affiliates of J.F. Lehman & Company and Hill City Capital, has completed its previously announced acquisition of the company. The company will continue

Air France KLM has repaid €300 million of outstanding French State perpetual bonds, exceeding the 75% COVID-19 recapitalisation aid redemption threshold. In April 2021, Air France-KLM and the French State agreed to convert the direct French State loan of €3 billion, granted by the French State to Air France-KLM in late May 2020, into perpetual

Richard Branson’s Virgin Orbit has temporarily put all operations on hold while the company looks to secure additional funding. The move follows on from the failed first launch of its satellite mission from UK soil back in January. In a statement, the company confirmed: “Virgin Orbit is initiating a company-wide operational pause, effective (from) March

London Gatwick Airport has published its financial results for 2022, and recognising the urgent need to make net-zero a reality has accelerated its commitment to be net- zero for its own Scope 1 and 2 carbon emissions by 2030, ten years ahead of its previous commitment. This commitment is aligned with both VINCI Airports’ environmental action