Financial

Complete Aircraft Group (CAG), a leading U.K. independent specialist provider of quality aviation solutions, including the supply of aircraft tooling, parts, and components to airlines worldwide, has announced the acquisition of established business aviation MRO Part 145 provider Aerocare Aviation Services Limited (AASL). The AASL team has been operating for over three decades, providing maintenance,

Spirit AeroSystems second quarter of 2021 revenue was US$1.0 billion, up 55% from the same period in 2020, primarily due to higher production deliveries on the Boeing 737 and Airbus A320 programs and increased revenue from the recently acquired A220 wing and Bombardier programs. These increases were partially offset by the lower wide-body production rates

Dubai Aerospace Enterprise (DAE) has released its financial results for the six months ended June 30, 2021. DAE reported total revenue of US$613.4 million compared to the US$675.9 million in the first six months of 2020 and adjusted profit before tax of US$67.3 million compared to US$131.9 million the previous year. The company’s operating cash flow amounted to

Atlas Air Worldwide Holdings has reported second-quarter 2021 net income of US$107.1 million, compared to net income of US$78.9 million in the second quarter of 2020. On an adjusted basis, EBITDA totaled US$243.7 million in the second quarter this year compared to US$247.0 million in the second quarter of 2020. Adjusted net income in the

Global investment firm Carlyle and Fly Leasing (FLY) have announced that an affiliate of Carlyle Aviation Partners (Carlyle Aviation) completed its previously announced acquisition of FLY. Carlyle Aviation is the commercial aviation investment and servicing arm within Carlyle’s US$61 billion Global Credit platform. The closing of the transaction follows the receipt of regulatory approval from