RTX reported third-quarter sales of US$25.0 billion, up 11% from a year earlier and 12% on an organic basis, as adjusted earnings per share rose 33% to US$2.26, including a US$0.25 benefit from recovery of costs under the International Emergency Economic Powers Act (IEEPA). GAAP earnings per share were US$1.89, including US$0.26 in acquisition accounting
American Airlines Group reported third-quarter revenue of US$16.3 billion, up 19.3% from a year earlier and above the high end of its previously announced guidance range, as strong travel demand across geographic markets and cabin classes helped offset a sharp increase in fuel costs. Premium cabin sales rose 22.9% year on year, while main cabin
Affinity Aviation Group has acquired a significant stake in AeronautX UK, strengthening its position in business aviation as the Austrian training provider expands its UK operations and prepares to open a pilot academy near Amsterdam. AeronautX UK has established an office at Affinity’s headquarters at Farnborough Airport in Hampshire. Its new training centre is scheduled
Chorus Aviation (Chorus) has agreed to acquire SkyCare Air Ambulance, the largest private fixed-wing air ambulance operator in Northern Ontario, for about C$40 million as it seeks to expand its business and strengthen cash flow. The acquisition is expected to close in the fourth quarter of 2026, subject to customary closing conditions and adjustments. The
BBAM Limited Partnership (BBAM), a global aviation investment manager, has announced the final close of its third flagship aviation fund, Incline Aviation III, with total capital commitments exceeding US$1.7 billion. The fund continues the investment strategy developed through its predecessors, targeting opportunities across the commercial aviation market, including aircraft, engines and related credit investments. Incline
SITA has agreed to acquire Collins Aerospace Airport Solutions, expanding its passenger processing, baggage handling and airport operations technology capabilities as it seeks to deliver more seamless and resilient services across the air transport industry. Collins Aerospace Airport Solutions provides technology and operational expertise spanning the passenger journey, from check-in and self-service facilities to baggage
Lufthansa Group has won the race for a minority stake in TAP Air Portugal, with Portugal’s government selecting its bid of up to €1.2 billion over a rival offer from Air France-KLM. The government said on Wednesday it had accepted Lufthansa’s offer for a 44.9% stake in the state-owned airline. A further 5% stake has
Citi and Credendo have finalised a US$328 million financing agreement covering eight Airbus aircraft for IndiGo, comprising six A321s and two A320s. Citi served as Sole Mandated Arranger, ECA Coordinator and Sole Lender for the transaction, which is supported by credit insurance provided by Credendo. Arranged through IndiGo’s subsidiary, InterGlobe Aviation Financial Services IFSC Private
Finnair has raised its full-year 2026 revenue and comparable operating profit forecasts, citing stronger-than-expected air travel demand and successful exploitation of market opportunities despite higher fuel costs. The Finnish airline now expects revenue of €3.5 billion to €3.6 billion and a comparable operating profit of €175 million to €220 million. Its previous guidance, issued on
Barnes Aerospace has acquired Scotland-based ATL Turbine Services, expanding its aerospace component repair operations into Europe and establishing its first dedicated component repair and overhaul presence in the region. ATL Turbine Services, based in Dundee, specialises in the refurbishment and repair of hot-section gas turbine components. The acquisition adds repair, assessment, coating and engineering capabilities
