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
Airbus, Safran and Tikehau Ace Capital have signed a Memorandum of Understanding with the mining and metallurgical group Eramet for the acquisition of its subsidiary Aubert & Duval. The three partners intend to acquire 100% of Aubert & Duval through a new joint holding company that would be specifically set up for this transaction and
Norwegian Air (Norwegian) has reported its fourth-quarter 2021 and preliminary full-year 2021 financial results, revealing a pre-tax (EBT) profit of NOK 117 million for the fourth quarter compared to a loss of NOK 16.6 billion for the fourth quarter of 2020. In the fourth quarter of 2021, 3.1 million passengers travelled with Norwegian, up from
Air Canada has reported its fourth-quarter and full-year 2021 financial results. The company reported fourth-quarter 2021 operating revenues of CA$2.731 billion, 30% higher than in the third quarter of 2021 and over three-times fourth-quarter 2020 operating revenues. Fourth-quarter 2021 operating loss of CA$503 million compared to an operating loss of CA$1.003 billion in the fourth-quarter
Finnair and the State of Finland have signed an agreement on a hybrid loan of maximum €400 million to support Finnair. The decision was made by the Plenary Session of the Government on February 18, 2021. The arrangement has the approval of the EU Commission’s competition authority in line with the European Union’s state aid
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%
Airbus has reported consolidated full year (FY) 2021 financial results. The company reported consolidated revenues increased 4% to € 52.1 billion (2020: € 49.9 billion), mainly reflecting the higher number of commercial aircraft deliveries, partially offset by less favourable foreign exchange rates. A total of 611 commercial aircraft were delivered (2020: 566 aircraft), comprising 50
Bombardier has presented its fourth-quarter and full-year 2021 results and provided 2022 guidance. Bombardier reported increased revenues, a major rise in EBITDA and an increased and more diversified backlog, among other positive indicators. The positive trend is set to continue in 2022. In the fourth quarter, the company had six fewer deliveries for a total
