Spirit Airlines has announced that its plan of reorganisation has been confirmed by the United States Bankruptcy Court for the Southern District of New York. With this approval, the airline expects to emerge from Chapter 11 in the coming weeks. “Today’s approval is a major milestone as we progress toward the successful conclusion of our
Airbus reported its consolidated full-year 2024 results with gross commercial aircraft orders of 878 (2023: 2,319 aircraft), with net orders of 826 after cancellations (2023: 2,094 aircraft). At the end of December 2024, the order backlog stood at 8,658 commercial aircraft. Airbus Helicopters recorded 450 net orders (2023: 393 units), with a book-to-bill ratio exceeding
VSE Corporation, a provider of aftermarket distribution and repair services, has signed a definitive agreement to sell its fleet business segment, Wheeler Fleet Solutions, to One Equity Partners (OEP) for up to US$230 million. Wheeler Fleet Solutions is a parts distributor and engineering solutions provider serving the medium and heavy-duty fleet market. It offers customers
Coltala Holdings has established Coltala Aerospace, a new platform dedicated to advancing the US aerospace and defence industries. The launch follows Coltala’s acquisition of Aeroparts Group (APG), which achieved over 60% growth last year, reinforcing Coltala’s commitment to strengthening national defence and aviation safety. Industry-Leading ExpertiseColtala Aerospace now includes Evans Composites, APM, and ACD Consulting,
flyExclusive Inc., a publicly traded provider of premium jet charter services, has reached a definitive agreement to acquire the aviation division of Jet.AI Inc., a private aviation and artificial intelligence company. The acquisition is part of Jet.AI’s strategy to concentrate on AI solutions, with the aviation business being spun off into a new entity, “SpinCo,”
Global aviation finance company Avolon has announced its full-year results for 2024, reporting a net income of US$608 million, marking a 79% increase year on year. Adjusted net income stood at US$458 million, up 35% compared to the previous year, excluding settlement proceeds of US$177 million (US$150 million net of tax) from insurance claims related
Embraer has announced plans to invest approximately US$3.5 billion by 2030 as part of its growth strategy, focusing on increased aircraft production, global expansion, and the development of sustainable technologies. The announcement was made during the “Mission 6 of the New Industry Brazil (Nova Indústria Brasil/NIB)” event in Brazil, attended by Brazilian President Luiz Inácio
Spirit Airlines has provided an update on its restructuring process following a proposal from Frontier Group Holdings, the parent company of Frontier Airlines. On February 4, 2025, Frontier submitted a new restructuring proposal offering Spirit stakeholders US$400 million in second-lien debt and 19% of Frontier’s common equity following a proposed merger. The proposal would eliminate
Archer has announced a successful funding round of US$301.75 million, further strengthening its financial position and enabling the acceleration of its hybrid aircraft platform development for the defence sector and beyond. Leading institutional investors, including funds and accounts managed by BlackRock, participated in the financing. This latest capital injection brings Archer’s total liquidity to approximately
Air Transport Services Group (ATSG), a global powerhouse in medium wide-body freighter aircraft leasing, air transport operations, and support services, has announced that its stockholders have voted to approve the proposed merger with Stonepeak, an alternative investment firm specialising in infrastructure and real assets. The approval was confirmed at a special meeting of ATSG’s stockholders.
