Willis Lease Finance Corporation (WLFC) has announced total annual revenues of US$569.2 million and pre-tax income of US$152.6 million for the year ended December 31, 2024. Aggregate core lease rent and maintenance reserve revenues reached an all-time high of US$452.1 million, marking a 30.4% increase from US$346.8 million in 2023. This growth was primarily driven
International Airlines Group (IAG) will invest up to €200 million over the next five years through IAGi Ventures, its new corporate venturing arm. This investment is set to be one of the largest of its kind globally and the largest by a European airline group. It underscores IAG’s commitment to harnessing innovation to transform its
Sumitomo Mitsui Finance and Leasing Co., (SMFL) and LCI Investment (LCI) have announced that their joint venture helicopter leasing company, SMFL LCI Helicopters (SMFLH), has entered into an agreement to acquire Macquarie Rotorcraft Limited (MRL), the helicopter leasing business of Macquarie Asset Management. The financial details of the transaction remain commercially confidential. Founded in 2013,
In 2024, the Lufthansa Group achieved record revenue of €37.6 billion, reflecting a six percent increase compared to the previous year’s €35.4 billion. This growth was driven by a higher flight offering, making 2024 the most lucrative year in the company’s history. However, the Group’s operating profit (Adjusted EBIT) fell to €1.6 billion from €2.7
Astronics Corporation has reported financial results for the fourth quarter of 2024. Fourth quarter sales increased 6.8% to US$208.5 million, while sales for the full year of 2024 were up 15.4% to US$795.4 million. Growth in sales were driven by the Aerospace segment due to continued strength in demand primarily from the Commercial Transport market.
IBC Advanced Alloys has posted financial results for the quarter and six-months ended December 31, 2024. Sales at IBC’s continuing operations (its Copper Alloys division) for the six months ended December 31, 2024 decreased by 29.4% compared to the same period in the previous year. This decline was primarily driven by two large, non-recurring orders
flynas has announced the successful closure of a Murabaha financing agreement with Bank AlJazira worth SAR 495 million (US$132 million) to finance the acquisition of three state-of-the-art Airbus A320neo aircraft. This initiative forms part of the airline’s ongoing efforts to support the Saudi financial sector and enhance its competitiveness by developing sophisticated financial products tailored
Thales, renowned for its expertise in defence, aerospace, cybersecurity and digital technologies, delivered solid results in 2024, maintaining steady sales momentum and achieving an order intake of over €25 billion. This significant order book provides excellent visibility for all the group’s operations, reinforcing confidence in its long-term outlook. Order intake for the 2024 financial year
Spirit AeroSystems reported a US$577 million fourth-quarter operating loss on Friday, February 28, compared with US$215 million in operating income a year earlier, which had been bolstered by a funding agreement with key customer Boeing. The major supplier to the U.S. planemaker reported steep losses for 2024, after warning in November that there was “substantial
Embraer posted consolidated revenue of US$2,311 million in Q4 2024, representing a 17% year-on-year increase. Total revenue for 2024 reached US$6,395 million, aligning with the upper end of the company’s guidance and marking a 21% increase compared to 2023. All business units performed well, with Defence & Security and Executive Aviation showing notable revenue growth
