CAE reported revenue of CA$1.17 billion for the first quarter of fiscal 2027, up from CA$1.10 billion in the same period last year. “We started fiscal 2027 with solid first quarter performance and continued progress across our transformation workstreams,” said Matthew Bromberg, CAE’s President and CEO. “Q1 results were aligned with our plans. Civil revenues
airBaltic has outlined the key elements of a revised business plan aimed at strengthening its long-term competitiveness, improving financial sustainability and maintaining connectivity for Latvia and the wider Baltic region. Approved by the airline’s Supervisory Board, the plan combines a more focused network centred on Riga, a smaller all-Airbus A220-300 fleet, stronger year-round ACMI partnerships
Air Canada has announced a CA$2.5bn minority equity investment in Aeroplan from funds managed by Blackstone and La Caisse, alongside other Canadian institutional investors. Under the transaction, the investor group will acquire a 25% non-controlling stake in Aeroplan, valuing the loyalty programme at CA$10bn. Air Canada will retain a controlling ownership interest and full operational
ST Engineering has reported revenue of SG$6.57bn for the first half (H1) of 2026, up 11% year-on-year from SG$5.92bn, driven by growth across all three of its business segments. Earnings growth outpaced revenue growth across the group. EBIT increased 23% to SG$738m from SG$602m, while profit before tax rose 30% to SG$651m from SG$500m. Net
Vertical Aerospace (Vertical) has secured financing commitments of approximately US$100 million from existing and new investors to support continued progress towards the certification and commercialisation of its Valo aircraft platform. The financing comprises three components, including US$40 million from Mudrick Capital Management through a recently completed US$5 million draw and an accelerated US$35 million draw
Archer has announced a deal to acquire three businesses from Boeing – Wisk, Insitu and SkyGrid – in a transaction that will see Boeing take a strategic equity stake in Archer and deepen collaboration between the two companies. Following completion, Archer said its product portfolio will span piloted air taxis, unmanned aircraft systems (UAS) across
Embraer has raised its full-year earnings and cash flow guidance after second-quarter revenue reached a record US$2.2 billion, up 23% from the same period in 2025. The Brazilian aircraft manufacturer reported adjusted EBIT of US$296.9 million for the three months to June 30, giving it a margin of 13.3%. Adjusted net income rose to US$218.6
Fraport reported higher revenue and operating earnings for the first half of 2026, but net profit fell by almost half as accounting effects linked to new terminals in Frankfurt and Lima weighed on its results. The airport operator generated revenue of €2.07 billion in the six months to June 30, up 4% year on year,
easyJet has formally agreed to a £5.7bn take-over by US private equity firm Apollo Global Management, according to The Guardian. The airline confirmed on Thursday that it had accepted Apollo’s firm offer after rival bidder Castlelake withdrew from the race, ending the prospect of a bidding war. The deal values easyJet at £7.15 a share,
Avolon Holdings has established a US$1.5 billion commercial paper programme through its wholly owned subsidiary, Avolon Aerospace Leasing Limited (AALL), to diversify its funding sources and strengthen access to short-term capital. Under the programme, AALL may issue unsecured commercial paper notes with a total outstanding principal amount of up to US$1.5 billion. The notes will
