airBaltic has released preliminary results for the second quarter (Q2) of 2025, showing steady year-on-year growth across key operational areas and confirming a positive outlook for the third quarter. Passenger numbers in Q2 are expected to rise by 6% to 7.5% compared to the same period in 2024. This includes April and May figures of
JetBlue Airways’ second-largest investor, Vladimir Galkin, is considering selling his nearly 10% stake in the airline if its turnaround efforts fail to deliver results, Reuters reports. Galkin, who gained notoriety from the 2021 Gamestop “meme stock” rally, has invested over US$200 million in JetBlue since early 2024. He currently holds around 35 million shares, valued
International Aerospace Coatings (IAC), a provider of aircraft painting and aviation services, has announced the completion of a strategic financing, including its inaugural issuance of 4(a)2 private placement notes with an investment grade rating. The financing raised over US$240 million from leading infrastructure lenders, with proceeds used to refinance IAC’s existing credit facilities and support
Broward Aviation Services Group (BASG) has announced its acquisition of Support Air, Inc., a well-established service company and aircraft material provider based near Dayton, Ohio. The move marks a significant step in BASG’s strategy to expand its presence in the aviation used serviceable material (USM) aftermarket sector. Founded in 1996, Support Air has built a
Eaton has signed an agreement to acquire Ultra PCS Limited from the Cobham Ultra Group in a US$1.55 billion deal aimed at boosting its aerospace offering. Ultra PCS, based in Cheltenham with operations in the UK and US, develops technology for electronic controls, sensing, data processing, and stores ejection — all used in mission and
Archer Aviation (Archer) has successfully raised an additional US$850 million through a direct share offering, following the announcement of a new Executive Order by President Trump. The order sets in motion an eVTOL (electric vertical take-off and landing) Integration Pilot program aimed at fast-tracking the deployment of advanced air mobility solutions across the United States.
AerCap has announced a significant legal victory in the Commercial Court in London. In a judgment delivered on June 11, the court found that AerCap’s subsidiary, AerCap Ireland Limited, is entitled to an indemnity payment of approximately US$1 billion. This sum is to be recovered from insurers under the “War and Allied Perils” coverage section
Qantas Group has announced the closure of its Singapore-based subsidiary, Jetstar Asia, as part of a strategic restructure supporting its historic fleet renewal and reinforcing its core operations in Australia and New Zealand. The decision, made jointly with majority shareholder Westbrook Investments, follows financial pressures including rising costs and intense competition in Asia. Jetstar Asia
Air T has reported the successful renegotiation of a major financing agreement involving its wholly owned subsidiary, AAM 24-1, LLC. The revised agreement, reached with the company’s existing institutional investors, increases the transaction size from US$30,000,000 to US$100,000,000, extends the repayment timeline and enhances financial flexibility. These modifications are intended to reinforce Air T’s long-term
Brazilian airline GOL Linhas Aéreas Inteligentes (GOL) has announced the successful completion of its financial restructuring under Chapter 11 of the U.S. Bankruptcy Code, emerging from the process overseen by the United States Bankruptcy Court for the Southern District of New York. With a reinforced financial foundation, including US$1.9 billion in exit financing and a
