American Airlines Group has released its second-quarter 2022 financial results. American produced revenues of US$13.4 billion in the second quarter, a 12.2% increase versus 2019 and a record for any quarter in company history. This record revenue was achieved while flying 8.5% less capacity than the same period in 2019 and there remains significant revenue
Satair, an Airbus Services company and VAS Aero Services, a leader in aviation logistics and aftermarket services including end-of-life support, have signed an agreement under which Satair acquires VAS Aero Services, through its U.S. subsidiary, Satair U.S.A., Inc. VAS will continue as a separate enterprise, with operational sites and offices in Boca Raton (FL), Kent
Rex has signed a sale-and-purchase agreement which will result in its subsidiary, Rex Freight and Charter (RFC), acquiring 100% of National Jet Express (NJE), the regional services arm of Cobham Aviation Services Australia (Cobham). NJE is a leading provider of Fly-In Fly-Out (FIFO) services in Western and South Australia. In addition, it operates freight services
Delta Air Lines (Delta) has reported financial results for the June quarter 2022. Delta reported operating revenue of US$13.8 billion and operating income of US$1.5 billion with an operating margin of 11%. Operating cash flow was US$2.5 billion at the end of the quarter with total debt and finance lease obligations of US$24.8 billion. Delta’s
Air France-KLM and Apollo Global Management have announced the signing of a definitive agreement for Apollo-managed funds and entities to make a €500 million (£423.7 million) investment into an ad hoc operating affiliate of Air France that will own a pool of spare engines dedicated to the airline’s engineering and maintenance activities. Under this agreement,
The ongoing bidding war for Spirit Airlines Inc. (Spirit) between Frontier Group Holdings Inc (Frontier) and JetBlue Airways seems to be drawing to a close as Frontier has announced that it will not be increasing its offer of US$4.13 per share and 1.9126 Frontier shares in its cash and stock offer. In addition, if the
Owned by a consortium which includes Japan’s Sumitomo Corp and Sumitomo Mitsui Financial Group, Ireland based aircraft lessor SMBC Aviation Capital (SMBC) has recorded a US$3.6 billion impairment over 34 jets that became stranded in Russia after sanctions were put in place following the country’s invasion of Ukraine that basically saw all leases terminated. According
SAS AB (SAS) has received approval from the U.S. Bankruptcy Court for the Southern District of New York for all of its “First Day” motions as part of the company’s voluntary chapter 11 process in the U.S. The approvals granted by the court confirm that SAS is authorised to continue to operate its business in
SITA, a global IT provider for the aviation industry, has signed a US$400 million (£320 million) inaugural sustainability-linked revolving credit facility over a minimum three-year term. The backup facility will support the company’s general business needs, such as developing new solutions and strategies to alleviate the air transport industry’s challenges of today and in the
AMP Aero has finalised the acquisition of aviation aftermarket material solutions provider, Myriad Aero. As of July 5, 2022, AMP Aero Services is now operating globally with offices in Miami, Kansas City, New Delhi India, Istanbul and Hong-Kong. Myriad Aero, headquartered in Kansas City, Missouri, is an experienced provider of airframe and engine material. Prior to starting
