The Australian Government has approved Qatar Airways Group’s minority 25% stake in Virgin Australia

Virgin Australia and Qatar Airways secure approval for strategic alliance

February 27, 2025

Qatar Airways Group’s minority 25% investment in Virgin Australia has received Foreign Investment Review Board (FIRB) approval following the Federal Treasurer’s announcement on February 27. This follows the Australian Competition and Consumer Commission’s (ACCC) Draft Determination on February 18, indicating its intention to authorise the airlines’ integrated alliance, with final approval anticipated in March or

SCI secures US$2.5 billion asset-level debt financing commitment

February 27, 2025

FTAI Aviation Ltd. (FTAI) has announced that its Strategic Capital Initiative (SCI) has secured a US$2.5 billion asset-level debt financing commitment. This funding is led by global investment firm ATLAS SP Partners, a structured products business primarily owned by Apollo funds, in collaboration with Deutsche Bank AG, New York Branch. The financing is expected to

EIC acquires Canadian North for CA$205 million

February 26, 2025

Exchange Income Corporation (EIC), a diversified, acquisition-focused company operating in the aerospace and aviation and manufacturing sectors, has announced the signing of a binding purchase agreement to acquire Bradley Air Services Limited, operating as Canadian North. The acquisition is valued at CA$205 million, subject to adjustments. The purchase will be financed through the issuance of

JAS completes acquisition of International Airfreight Associates

February 24, 2025

JAS has successfully completed its acquisition of International Airfreight Associates B.V. (IAA), a provider of air, ocean and road freight services headquartered in the Netherlands. This milestone follows the signing of the share purchase agreement (SPA) announced in December 2024 and marks the official integration of IAA into the JAS network. “The acquisition of IAA

Lilium faces second bankruptcy as funding deal collapses

February 24, 2025

Lilium, the German electric aircraft manufacturer, has filed for bankruptcy for the second time, marking a significant setback in the burgeoning air taxi industry. This latest insolvency filing comes after a failed €200 million rescue deal, which was intended to revitalise the company’s operations. The promised funds from the European-American investor consortium never materialised, leading

Spirit Airlines gets court approval of reorganisation plan

February 21, 2025

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 announced its consolidated full-year 2024 financial results

February 20, 2025

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

Orix Aviation has agreed to acquired AerFin © Shutterstock

VSE Corporation to sell fleet business for up to US$230 million

February 19, 2025

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 launched Coltala Aerospace with the acquisition of Aeroparts Group © APG

Coltala Holdings launches Coltala Aerospace following acquisition of APG

February 18, 2025

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 to acquire Jet.AI’s aviation business in strategic deal

February 17, 2025

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,”

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