Financial

Sabre Corporation, a leading software and technology provider that powers the global travel industry, has successfully closed the previously announced agreement to sell its AirCentre airline operations portfolio to CAE, a technology leader in digital flight and crew operations. The transaction, valued at US$392.5 million (£293 million), includes the Sabre AirCentre product portfolio, related technology

IAG Cargo, the cargo division of IAG (International Airlines Group) has reported record financial results for 2021, with annual revenues of €1,673 million for the period from January 1 to December 31, 2021. The results reflect the surging demand for air cargo capacity as global trade rebounds.  The 2021 revenues represent an increase of 30%

The Board of Nasmyth Group, the provider of specialist precision engineering services to the aerospace, defence and related industries has completed a comprehensive recapitalisation that will give the business the stable foundation it needs to drive ingenuity and continue to serve the needs of its customers around the world.  Under the terms of the recapitalisation Rcapital,

SIA Engineering Group revenue for the third quarter of FY2021-22 increased 33.8% year-on-year to SG$140.0 million. The increase was largely driven by increase in transit handling-related revenue due to the higher number of flights handled. Expenditure increased at a higher rate of 42.8% to SG$147.8 million, mainly due to reduction in government wage support. Excluding

Jazeera Airways has returned to profitability for the year 2021 (January – December), a period which continued to be affected by the COVID-19 pandemic and restrictions on travel, reporting a net profit of KD7.1 million (US$23.4m) for the year – up 126.8% from the previous year. The earnings were supported by an increase of 48.2%