The United States Bankruptcy Court for the Southern District of New York has granted final approval for Spirit Airlines to complete the sale of 23 Airbus A320 and A321 aircraft to GA Telesis. This decision follows the court’s earlier approval on December 7, 2024 for the initial sale of five aircraft, with the latest ruling
Dubai Aerospace Enterprise (DAE) has received cash proceeds totalling approximately US$201 million over the past three months from settlements with selected insurance companies. These settlements pertain to aircraft that were previously leased to airline carriers in the Russian Federation. Following these settlements, DAE and its relevant affiliated entities have released their claims against the involved
MTU Aero Engines (MTU) has announced that it is assuming ownership of 3D.aero, a Hamburg-based specialist in automation and measurement technology. With a team of around 40 experts, 3D.aero focuses on high-precision surface inspection, painting automation, and system engineering for aviation. MTU has collaborated with 3D.aero on various projects in recent years, integrating innovative technologies
Archer has raised US$430 million in equity funding to support its collaboration with Anduril Industries (Anduril) on the development of hybrid vertical take-off and landing (VTOL) aircraft for defence applications and for other general corporate purposes. The new partnership with Anduril targets a potential programme with the U.S. Department of Defence (DoD) and aims to
Korean Air has completed its long-awaited acquisition of Asiana Airlines, solidifying its position as one of Asia’s largest carriers. The 1.8 trillion won (US$1.26 billion) deal, which has been in progress for four years, is the longest airline merger in history. Initially announced during the COVID-19 pandemic, the merger aimed to rescue Asiana Airlines, which
Alaska Airlines (Alaska) has unveiled an ambitious plan to achieve an additional US$1 billion in profits by 2027, leveraging its acquisition of Hawaiian Airlines and rising demand for premium travel. The announcement, made on Tuesday, December 10, caused a surge in the carrier’s share price, climbing 12% to US$60.81. Based in Seattle, Washington, Alaska Airlines
Falko Regional Aircraft Limited (Falko) and its affiliates have officially transitioned ownership from Chorus Aviation (Chorus) to affiliates of investment funds managed by HPS Investment Partners (HPS). This significant development was marked by a statement from Jeremy Barnes, Falko’s Chief Executive Officer, who expressed optimism about the company’s future under its new ownership. Barnes highlighted
VSE Corporation has finalised its acquisition of Kellstrom Aerospace Group (Kellstrom), a global distributor and service provider in the commercial aerospace engine aftermarket and a portfolio company of AE Industrial Partners, LP. “Today represents the next step in the VSE Aviation product and services growth strategy, with a clear opportunity to profitably grow our business
Honeywell International and Bombardier have reached a settlement in a lengthy legal dispute while also forming a new partnership to develop advanced aviation technologies. The collaboration will focus on avionics, engines, and satellite communications, with an estimated potential revenue of up to US$17 billion. The legal dispute, which dates back decades, centred on pricing disagreements
Eve Air Mobility (Eve) has announced a US$35 million investment from Brazil’s National Development Bank (BNDES), further strengthening its financial position to advance the development of its electric vertical take-off and landing (eVTOL) aircraft. This funding, sourced from BNDES’ Climate Fund, will support the production of conforming prototypes, testing processes, and eventual commercial manufacturing. This
