ITP Aero, majority-owned by Bain Capital, has reported record revenues of €1,612 million in 2024, an increase of 24% compared to 2023. The company also achieved an EBITDA of €295 million, representing a 43% increase from the €217 million recorded in 2023. In a further demonstration of its commitment to innovation, ITP Aero invested €102
Vietjet Air and AV AirFinance have signed a financial agreement worth US$300 million, in a ceremony attended by Vietnam’s Deputy Prime Minister Ho Duc Phoc and senior government officials. This deal is part of a broader financing package, exceeding US$4 billion, aimed at supporting Vietjet’s fleet development, with nearly 300 aircraft set to be delivered
Jet Parts Engineering (JPE), a provider of PMA parts, DER repairs, and MRO services for commercial aircraft has acquired Cima Aviation, a prominent MRO company specialising in fuel and hydraulic component repairs. This strategic move further enhances JPE’s ability to deliver comprehensive aftermarket solutions to its global network of commercial, cargo, regional, and military aircraft
AAR CORP., a prominent provider of aviation services to both commercial and government sectors, has completed the sale of its non-core Landing Gear Overhaul business to GA Telesis for US$51 million. This move aligns with AAR’s broader strategy to streamline its portfolio and strengthen its focus on core aviation aftermarket services. The company initially announced
De Havilland Aircraft of Canada (DHC) has acquired all shares of Fleet Canada Inc. (Fleet), a Fort Erie-based aerospace manufacturer, strengthening its production capabilities and expanding its in-house expertise. Fleet, a key supplier for DHC and other original equipment manufacturers (OEMs), operates a 500,000 ft² facility in Southern Ontario, which will support DHC’s ongoing growth.
United Airlines (United) has reaffirmed its commitment to Houston by breaking ground on a new US$177 million ground service equipment (GSE) maintenance facility at George Bush Intercontinental Airport (IAH) and opening a state-of-the-art Technical Operations Training Centre. United is the largest airline in Houston, with over 14,000 employees and more than 500 daily departures, United
RECARO Holding has published its 2024 financial results, reporting total revenue of €588 million and forecasting a continued growth trajectory in the years ahead. To support this expansion, RECARO Aircraft Seating launched the global “fit4growth” programme, designed to facilitate a seamless production ramp-up as the aviation industry surpasses pre-pandemic levels. The “fit4growth” initiative focuses on
FTAI Aviation (FTAI) has announced a new partnership with One Investment Management (OneIM) as part of its inaugural vehicle under FTAI’s ‘Strategic Capital Initiative’. The company anticipates accelerating its acquisition of on-lease narrow-body aircraft over the coming quarters. This expansion is being financed through a combination of equity commitments and a previously announced US$2.5 billion
GOL Linhas Aéreas Inteligentes S.A. has announced the signing of an exit financing commitment letter with select investors as part of its ongoing Chapter 11 restructuring process in the United States. The agreement, subject to conditions including court approval, enables the investors to purchase up to US$1.25 billion of the planned US$1.9 billion debt instruments
The African Development Bank (AfDB) and Ethiopian Airlines Group have signed a letter of intent (LoI) to collaborate on the development of Ethiopia’s ambitious Abusera International Airport project. Valued at US$7.8 billion, the project aims to boost passenger and cargo capacity, strengthen Ethiopia’s role as a leading aviation hub in Africa, and support regional economic
