Icelandair Group has acquired a 49% stake in Fly Play Europe Holdco (FPE), giving the airline access to an additional European Air Operator Certificate (AOC) as it seeks greater operational flexibility and new international growth opportunities. Icelandair is acquiring the stake from FPE hs., a fund managed by Isafold Capital Partners, for US$686,000. FPE’s subsidiary,
Barnes Aerospace has completed its acquisition of Jet AirWerks, an Arkansas City, Kansas-based provider of inspection, repair, overhaul and disassembly services for commercial aeroengine components. The acquisition expands Barnes Aerospace’s component repair and overhaul (CRO) operations and strengthens its aftermarket offering. It also adds repair capabilities and technical expertise as the company targets further growth
BOC Aviation reported net profit after tax of US$357 million for the first half of 2026, up 4% year on year and marking another record result excluding non-recurring items. Total revenues and other income rose 4% from the first half of 2025 to US$1.3 billion, with the aircraft lessor reporting improvements across all its business
Air Canada reported record second-quarter operating revenues of CA$6.3 billion for 2026, supported by strong demand across its network. The Canadian flag carrier posted adjusted EBITDA of CA$719 million, at the top end of its guidance range for the quarter. It recorded an operating loss of CA$215 million, including CA$388 million in labour-related and other
CAE reported revenue of CA$1.17 billion for the first quarter of fiscal 2027, up from CA$1.10 billion in the same period last year. “We started fiscal 2027 with solid first quarter performance and continued progress across our transformation workstreams,” said Matthew Bromberg, CAE’s President and CEO. “Q1 results were aligned with our plans. Civil revenues
airBaltic has outlined the key elements of a revised business plan aimed at strengthening its long-term competitiveness, improving financial sustainability and maintaining connectivity for Latvia and the wider Baltic region. Approved by the airline’s Supervisory Board, the plan combines a more focused network centred on Riga, a smaller all-Airbus A220-300 fleet, stronger year-round ACMI partnerships
Air Canada has announced a CA$2.5bn minority equity investment in Aeroplan from funds managed by Blackstone and La Caisse, alongside other Canadian institutional investors. Under the transaction, the investor group will acquire a 25% non-controlling stake in Aeroplan, valuing the loyalty programme at CA$10bn. Air Canada will retain a controlling ownership interest and full operational
ST Engineering has reported revenue of SG$6.57bn for the first half (H1) of 2026, up 11% year-on-year from SG$5.92bn, driven by growth across all three of its business segments. Earnings growth outpaced revenue growth across the group. EBIT increased 23% to SG$738m from SG$602m, while profit before tax rose 30% to SG$651m from SG$500m. Net
Vertical Aerospace (Vertical) has secured financing commitments of approximately US$100 million from existing and new investors to support continued progress towards the certification and commercialisation of its Valo aircraft platform. The financing comprises three components, including US$40 million from Mudrick Capital Management through a recently completed US$5 million draw and an accelerated US$35 million draw
Archer has announced a deal to acquire three businesses from Boeing – Wisk, Insitu and SkyGrid – in a transaction that will see Boeing take a strategic equity stake in Archer and deepen collaboration between the two companies. Following completion, Archer said its product portfolio will span piloted air taxis, unmanned aircraft systems (UAS) across
