Alaska Airlines (Alaska) has unveiled an ambitious plan to achieve an additional US$1 billion in profits by 2027, leveraging its acquisition of Hawaiian Airlines and rising demand for premium travel. The announcement, made on Tuesday, December 10, caused a surge in the carrier’s share price, climbing 12% to US$60.81. Based in Seattle, Washington, Alaska Airlines
Falko Regional Aircraft Limited (Falko) and its affiliates have officially transitioned ownership from Chorus Aviation (Chorus) to affiliates of investment funds managed by HPS Investment Partners (HPS). This significant development was marked by a statement from Jeremy Barnes, Falko’s Chief Executive Officer, who expressed optimism about the company’s future under its new ownership. Barnes highlighted
VSE Corporation has finalised its acquisition of Kellstrom Aerospace Group (Kellstrom), a global distributor and service provider in the commercial aerospace engine aftermarket and a portfolio company of AE Industrial Partners, LP. “Today represents the next step in the VSE Aviation product and services growth strategy, with a clear opportunity to profitably grow our business
Honeywell International and Bombardier have reached a settlement in a lengthy legal dispute while also forming a new partnership to develop advanced aviation technologies. The collaboration will focus on avionics, engines, and satellite communications, with an estimated potential revenue of up to US$17 billion. The legal dispute, which dates back decades, centred on pricing disagreements
Eve Air Mobility (Eve) has announced a US$35 million investment from Brazil’s National Development Bank (BNDES), further strengthening its financial position to advance the development of its electric vertical take-off and landing (eVTOL) aircraft. This funding, sourced from BNDES’ Climate Fund, will support the production of conforming prototypes, testing processes, and eventual commercial manufacturing. This
MTU Aero Engines AG has forecast continued growth and improved earnings for 2025, expecting revenues between €8.3 and €8.5 billion. Adjusted EBIT is projected to rise in the low-to-mid teens percentage range, with adjusted net income expected to grow in line with EBIT. Free cash flow is anticipated to remain in the low triple-digit million-euro
easyJet, the British low-cost airline, reported on Wednesday, November 27, a profit before tax of £602 million for fiscal year 2024, up from £432 million in the previous year, driven by significant revenue growth. Excluding one-off items, headline profit before tax increased to £610 million from £455 million year-on-year. Operating profit rose to £589 million,
Vertical Aerospace (Vertical), an aerospace and technology company at the forefront of electric aviation, has signed a term sheet with its majority shareholder Stephen Fitzpatrick and primary creditor Mudrick Capital Management. This agreement secures a US$50 million funding commitment, bolstering the company’s financial position and supporting its recently launched Flightpath 2030 strategy. The funding will
SMBC Aviation Capital, a prominent aircraft leasing company, has reported robust results for the six-month period ending September 30, 2024. The company achieved a profit before tax of US$275 million, marking a 16% increase compared to the same period last year. Over the six months, SMBC Aviation Capital took delivery of aircraft worth US$1.7 billion,
Spirit AeroSystems has announced a deal to sell its Fiber Materials, Inc. (FMI) business to Tex Tech Industries (Tex Tech) for US$165 million in cash, subject to customary adjustments. The transaction involves FMI’s operations in Biddeford, Maine, and Woonsocket, Rhode Island, which employ approximately 400 engineers and production staff. FMI is a leader in high-temperature
