International Airlines Group (IAG) has joined the £20.75 million (US$28 million) Series B funding round for OXCCU, a UK SAF innovator. The round attracted new and existing investors, including Safran Corporate Ventures, Orlen and Aramco Ventures, among other backers. IAG invested through IAGi Ventures, its corporate venturing arm, which committed up to €200 million (US$234
Braathens International Airways AB (Braathens) has been forced to file for bankruptcy in relation to its Airbus operations after efforts to secure fresh financing failed. The decision, taken by the company’s Board of Directors, was filed at the Stockholm District Court and affects both Braathens International Airways AB and Braathens Crew AB. All flights with
Spirit Aviation Holdings, Inc., the parent of Spirit Airlines, is pressing forward with its Chapter 11 restructuring efforts, setting out a series of measures designed to stabilise operations and reshape the airline for the years ahead. Speaking before the U.S. Bankruptcy Court for the Southern District of New York, the company detailed fresh financing arrangements,
AAR Corp. has acquired American Distributors Holding Co., LLC (ADI) for US$146 million in an all-cash transaction funded through its revolving credit facility. The acquisition immediately strengthens AAR’s Parts Supply segment by expanding its distribution activities with additional product lines and a wider network of original equipment manufacturer (OEM) relationships. Founded in 1983, ADI has
Air Canada has provided an early look at its third-quarter 2025 performance, signalling a significant hit from August’s cabin-crew strike and trimming full-year guidance as a result. For the quarter ending September 30, 2025, the airline now anticipates operating income of CA$250–300 million and adjusted EBITDA of CA$950 million–CA$1.0 billion, well below last year’s third-quarter
AAR CORP. has reported robust results for the first quarter of fiscal year 2026, which ended on August 31, 2025. Consolidated sales rose by 12% to US$739.6 million, compared with US$661.7 million in the same period last year. Sales to commercial customers increased by 11%, or US$50.4 million, underpinned by double-digit growth in both aftermarket
Hassana Investment Company (Hassana) and AviLease, a global aircraft lessor and a public investment fund (PIF) company, have formed a strategic partnership to establish a dedicated aircraft leasing joint venture (JV). The initiative highlights the increasing role of Saudi Arabia’s institutional investors in shaping the future of the aviation sector by financing the expansion of
SkyWest Inc., has disclosed that it has entered into a strategic agreement as an equity investor in Maeve Aerospace, reaffirming its commitment to advancing modern and cost-effective regional aviation solutions. “SkyWest is committed to leading our industry forward, and we’re pleased to invest in Maeve as the leading edge of technological, sustainable advancements for regional
Avelo Airlines has announced the finalisation of a new funding round, marking a turning point in its trajectory. This is the largest capital injection since its initial Series A and is intended to support the airline’s expansion in domestic and Caribbean markets. The investment, provided by a new strategic partner, underscores confidence in the company’s
CSI Leasing, Inc. (CSI), an independent equipment leasing company, has announced the acquisition of a majority stake in Aeroservicios, a provider of ground support equipment (GSE) for nearly 30 years. Based in Miami, Aeroservicios specialises in reconditioning and overhauling used GSE to a near-new standard, as well as selling, hiring and leasing a wide range
