Construction of Ryanair's new maintenance facility at Dublin Airport is under way © Ryanair

Ryanair begins construction of €40 million maintenance facility at Dublin Airport

January 30, 2025

Ryanair has commenced construction of its new €40 million (US$42 million) aircraft maintenance facility at Dublin Airport. The state-of-the-art four-bay hangar will create over 200 highly skilled and well-paid jobs for engineers and mechanics, supporting the airline’s expanding fleet. Spanning 120,000 ft², the facility will accommodate both heavy and line maintenance for Ryanair’s growing fleet

Lufthansa will invest €14 m in airBaltic for a minority stake

Lufthansa Group to invest €14 million in airBaltic for minority stake

January 30, 2025

The Ministry of Transport of Latvia, airBaltic and Lufthansa Group have signed an agreement for Lufthansa Group to invest €14 million (US$14.7 million) in airBaltic, securing a minority stake and a seat on the airline’s Supervisory Board. As part of the deal, Lufthansa Group will receive a convertible share representing a 10% stake in airBaltic.

Boeing shares rally despite heavy fourth-quarter loss

January 29, 2025

Boeing reported a significant fourth-quarter loss on January 28, following a difficult 2024, but shares surged amid optimism that early signs of a turnaround under a new CEO could yield results. The company announced a loss of US$3.9 billion as the company continued to suffer from the effects of a more than seven-week labour strike

Strong financial performance for Pratt & Whitney in Q4 2024

January 29, 2025

Pratt & Whitney, an RTX company, achieved significant growth in the fourth quarter of 2024, with reported and adjusted sales totalling US$7,569 million, marking an 18% increase compared to the previous year. This growth was underpinned by a 31% rise in commercial original equipment (OE), a 17% boost in commercial aftermarket, and an 8% increase

Comply365 takes over Aviation Safety & Quality Solutions (ASQS)

January 28, 2025

Comply365, a global leader in operational content, safety and training management solutions for the aviation, rail, defence and space industries, has announced the signing of a definitive agreement to acquire Aviation Safety & Quality Solutions S.à r.l (ASQS). This acquisition represents a major milestone in Comply365’s growth strategy, reinforcing its commitment to advancing safety management

Safran Aircraft Engines completes acquisition of CRT

January 27, 2025

Safran Aircraft Engines has completed the acquisition of Component Repair Technologies (CRT), a specialist in aircraft engine parts repair. Based in Mentor, Ohio, CRT employs over 450 personnel and will now serve as Safran’s centre of excellence for repairing large engine components, such as cases and rotating parts, within the Americas. This strategic move aims

VX4 electric aircraft © Vertical Aerospace

Vertical Aerospace raises US$90 million to advance electric aviation

January 27, 2025

Vertical Aerospace, a global aerospace and technology firm, has successfully closed its underwritten public offering, raising gross proceeds of US$90 million. This marks a significant increase from its initial target of US$75 million, driven by strong investor interest. Over US$60 million of the funds came from new investors, while US$25 million was contributed by Mudrick

Boeing faces US$4 billion loss for fourth quarter

January 24, 2025

Boeing has announced an estimated loss of US$4 billion for the fourth quarter of 2024, reflecting significant financial and operational challenges. The company projects a loss of US$5.46 per share and US$15.2 billion in revenue—below analysts’ expectations, according to LSEG estimates. Additionally, Boeing burned through US$3.5 billion in cash during the quarter but raised over

Australian Government rescues Rex Airlines with AU$50m debt acquisition

January 24, 2025

The Australian federal government has intervened to save Rex Airlines, acquiring AU$50 million in debt to prevent the airline’s collapse. The move ensures the continuity of essential air services to remote and regional communities across the nation. Rex Airlines entered voluntary administration in mid-2024 following the failure of its expansion into capital city routes. The

IFS breaks records in 2024 with €1.228 billion revenue

January 24, 2025

IFS, a prominent provider of enterprise cloud and industrial AI software, has reported its strongest-ever financial performance for the year ending December 31, 2024. Sustained organic global growth, driven by increasing demand for industrial AI, has propelled annual recurring revenue (ARR) to surpass €1 billion, with total revenue for the year reaching €1.228 billion. The

Financial

Ryanair begins construction of €40 million maintenance facility at Dublin Airport

Lufthansa Group to invest €14 million in airBaltic for minority stake

Boeing shares rally despite heavy fourth-quarter loss

Strong financial performance for Pratt & Whitney in Q4 2024

Comply365 takes over Aviation Safety & Quality Solutions (ASQS)

Safran Aircraft Engines completes acquisition of CRT

Vertical Aerospace raises US$90 million to advance electric aviation

Boeing faces US$4 billion loss for fourth quarter

Australian Government rescues Rex Airlines with AU$50m debt acquisition

IFS breaks records in 2024 with €1.228 billion revenue

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