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Comply365 takes over Aviation Safety & Quality Solutions (ASQS)

January 28, 2025

Comply365, a global leader in operational content, safety and training management solutions for the aviation, rail, defence and space industries, has announced the signing of a definitive agreement to acquire Aviation Safety & Quality Solutions S.à r.l (ASQS). This acquisition represents a major milestone in Comply365’s growth strategy, reinforcing its commitment to advancing safety management

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CRT building © Safran

Safran Aircraft Engines completes acquisition of CRT

January 27, 2025

Safran Aircraft Engines has completed the acquisition of Component Repair Technologies (CRT), a specialist in aircraft engine parts repair. Based in Mentor, Ohio, CRT employs over 450 personnel and will now serve as Safran’s centre of excellence for repairing large engine components, such as cases and rotating parts, within the Americas. This strategic move aims

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VX4 electric aircraft © Vertical Aerospace

Vertical Aerospace raises US$90 million to advance electric aviation

January 27, 2025

Vertical Aerospace, a global aerospace and technology firm, has successfully closed its underwritten public offering, raising gross proceeds of US$90 million. This marks a significant increase from its initial target of US$75 million, driven by strong investor interest. Over US$60 million of the funds came from new investors, while US$25 million was contributed by Mudrick

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Boeing faces US$4 billion loss for fourth quarter

January 24, 2025

Boeing has announced an estimated loss of US$4 billion for the fourth quarter of 2024, reflecting significant financial and operational challenges. The company projects a loss of US$5.46 per share and US$15.2 billion in revenue—below analysts’ expectations, according to LSEG estimates. Additionally, Boeing burned through US$3.5 billion in cash during the quarter but raised over

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Rex Regional Express © AirTeamImages

Australian Government rescues Rex Airlines with AU$50m debt acquisition

January 24, 2025

The Australian federal government has intervened to save Rex Airlines, acquiring AU$50 million in debt to prevent the airline’s collapse. The move ensures the continuity of essential air services to remote and regional communities across the nation. Rex Airlines entered voluntary administration in mid-2024 following the failure of its expansion into capital city routes. The

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IFS breaks records in 2024 with €1.228 billion revenue

January 24, 2025

IFS, a prominent provider of enterprise cloud and industrial AI software, has reported its strongest-ever financial performance for the year ending December 31, 2024. Sustained organic global growth, driven by increasing demand for industrial AI, has propelled annual recurring revenue (ARR) to surpass €1 billion, with total revenue for the year reaching €1.228 billion. The

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Textron Aviation

Textron posts decreased revenues for fourth quarter 2024

January 23, 2025

Textron Aviation (Textron) reported revenues of US$1.3 billion for the fourth quarter of 2024, down US$242 million from the same period in 2023, driven by a US$282 million reduction in volume and mix due to strike-related production disruptions. Deliveries included 32 jets, down from 50 the previous year and 38 turboprops, down from 44. Segment

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Alaska Airlines

Alaska Air Group reports strong 2024 financial results

January 23, 2025

Alaska Air Group has announced its financial results for the fourth quarter and full year ending December 31, 2024, which now include Hawaiian Airlines from September 18, 2024. The Group reported net income under Generally Accepted Accounting Principles (GAAP) of US$71 million, or US$0.55 per share, for the fourth quarter and US$395 million, or US$3.08

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easyJet reported weaker revenue expectations for Q2

EasyJet shares fall amid lower Q2 revenue expectations

January 22, 2025

EasyJet’s shares dropped to their lowest point since October as the airline reported weaker revenue expectations for Q2, despite narrowing its Q1 losses and maintaining its annual profit forecast, REUTERS news agency reported. The airline reduced its Q1 operating loss to £40 million for the three months ending December 31, 2024, compared to £117 million

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TRIGO has acquired Controreupe, a specialised non-destructive testing (NDT) company based in Saint-Geneviève-des-Bois, France

TRIGO strengthens NDT capabilities with Controreupe acquisition

January 21, 2025

TRIGO, a global pioneer in quality management for the transportation industry, has announced the acquisition of Controreupe, a specialist non-destructive testing (NDT) company based in Saint-Geneviève-des-Bois, France. With support from law firm Ginestié-Paley-Vincent, this move bolsters TRIGO’s position in industrial quality control and broadens its service portfolio within the aerospace and defence sectors. Controreupe brings

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