Lilium N.V. announces insolvency filing for German subsidiaries amid funding setback

October 25, 2024

Lilium N.V., the electric aircraft manufacturer, has confirmed that its principal German subsidiaries will initiate applications for self-administration proceedings in the coming days. This move follows a protracted and complex government approval process for a loan from KfW, which was ultimately declined by the Budget Committee of the German Parliament. As Lilium’s international competitors benefit

Boeing reports US$17.8 billion revenue with significant Q3 losses

October 24, 2024

Boeing has reported third-quarter revenue of US$17.8 billion, with a GAAP loss per share of (US$9.97) and a core loss per share of (US$10.44), primarily due to the IAM work stoppage and charges on commercial and defence programmes. The company posted negative operating cash flow of (US$1.3 billion) and free cash flow of (US$2.0 billion).

Sunaero strengthens global aeronautical maintenance capabilities with double acquisition

October 23, 2024

Sunaero has announced the acquisition of RJ Aero and Japa Aero Design, two well-established companies in the aircraft maintenance industry, specialising in structural and cabin services. This strategic move aligns with Sunaero’s growth plan and strengthens its position as a leading provider of mobile and technological aeronautical maintenance services, particularly in metal and composite structures,

RTX reports strong Q3 2024 sales growth

October 23, 2024

RTX has reported third-quarter (Q3) sales of US$20.1 billion, a 6% increase from the previous year. Adjusted sales also stood at US$20.1 billion. GAAP EPS was US$1.09, including US$0.31 of acquisition accounting adjustments and US$0.05 of restructuring and other one-off charges. Adjusted EPS was US$1.45, a 16% rise from the previous year. Net income attributable

ICON and TAG are now PAG companies © ICON Aerospace

PAG acquires ICON Aerospace and TAG Aero

October 21, 2024

Precision Aviation Group (PAG) has acquired ICON Aerospace (ICON) and TAG Aero (TAG). These strategic moves significantly enhance PAG’s capabilities in avionics and engine services while broadening its product offerings within the airline market. ICON, based in Indian Trail, North Carolina, is a provider of MRO services, focusing on avionics, accessories, and electronics. TAG, located

Wafra acquires controlling stake in Aquila Air Capital

October 21, 2024

Wafra Inc., a global alternative asset manager based in New York, has acquired a controlling stake in Aquila Air Capital (Aquila), a prominent engine lessor. Wafra has signed definitive agreements to acquire the Aquila platform from Warburg Pincus, a global growth investor. Through this transaction, Wafra will take a controlling interest in Aquila and provide

VSE Corporation has concluded the acquisition of Kellstrom Aerospace © Kellstrom

VSE Corporation announces acquisition of Kellstrom Aerospace

October 16, 2024

VSE Corporation (VSE) has signed a definitive agreement to acquire Kellstrom Aerospace Group (Kellstrom), a portfolio company of AE Industrial Partners, and a diversified global distributor and service provider supporting the commercial aerospace engine aftermarket. The transaction is subject to customary closing conditions, including regulatory review, and is expected to close in the fourth quarter

Gavin Simmonds, Chief Executive Officer APOC Aviation

APOC Aviation secures multi-million funding from Deutsche Bank

October 16, 2024

APOC Aviation has secured a multi-faceted financing facility with Deutsche Bank through its transportation structured finance group. The funds will be utilised to expand APOC’s existing business portfolio while supporting further vertical integration of future complementary solutions. The flexibility provided by Deutsche Bank will allow APOC to grow substantially in both the short and medium

© Eve Air Mobility has launched Eve TechCare at MRO Europe in Barcelona © Eve Air Mobility

Eve secures US$88 million from BNDES for eVTOL production

October 16, 2024

Eve Air Mobility (Eve) has secured a US$88 million loan from Brazil’s National Development Bank (BNDES) to fund the development of its electric vertical take-off and landing (eVTOL) aircraft production facility in Taubaté, São Paulo. This financing builds on the successful partnership between Eve and BNDES, following the 2022 approval of a US$92.5 million line

MTU Aero Engines raises 2024 earnings forecast

October 15, 2024

MTU Aero Engines AG has revised its earnings outlook for 2024, now expecting an adjusted EBIT of slightly over €1 billion. Previously, the company had forecasted adjusted EBIT between €950 million and €980 million. This improved outlook is based on strong performance across all business segments despite ongoing market challenges. Preliminary figures for the first

Financial

Lilium N.V. announces insolvency filing for German subsidiaries amid funding setback

Boeing reports US$17.8 billion revenue with significant Q3 losses

Sunaero strengthens global aeronautical maintenance capabilities with double acquisition

RTX reports strong Q3 2024 sales growth

PAG acquires ICON Aerospace and TAG Aero

Wafra acquires controlling stake in Aquila Air Capital

VSE Corporation announces acquisition of Kellstrom Aerospace

APOC Aviation secures multi-million funding from Deutsche Bank

Eve secures US$88 million from BNDES for eVTOL production

MTU Aero Engines raises 2024 earnings forecast

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