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.
Aircraft lessors Avolon and BOC Aviation have settled lawsuits in the High Court against insurers over jets stranded in Russia after Western sanctions in 2022, the companies announced on February 7. According to REUTERS, the trial, which began last June, involved approximately US$2.7 billion in insurance claims. SMBC Aviation Capital, another major lessor, confirmed it
TRIUMPH Group (TRIUMPH) has released that it has entered into a definitive agreement under which affiliates of growth-focused private equity firms Warburg Pincus and Berkshire Partners will acquire TRIUMPH through a newly formed entity for a total enterprise value of approximately US$3 billion. Upon completion of the transaction, TRIUMPH will become a privately held company,
Setna iO has released that it has reached an agreement to acquire a majority stake in Zulu Global, marking a significant step forward in its mission to enhance efficiency, innovation and value across the aviation supply chain. Zulu Global, renowned for its transparency and agility, provides trusted MRO capabilities across multiple ATA chapters and aircraft
Barnes Group (Barnes), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, and Apollo, the global alternative asset manager, have announced the completion of the previously disclosed acquisition of Barnes by funds managed by affiliates of Apollo (Apollo Funds). The all-cash transaction carries a total enterprise value of approximately US$3.6 billion.
HEICO Corporation has released that its Flight Support Group has acquired a 90% stake in Millennium International (Millennium), a frontrunner in business jet avionics repair. The company’s co-founders, Jeanne Rau-Flattery and Dan Rafferty, will retain the remaining ownership and continue to lead operations. Financial details of the transaction were not disclosed. Millennium specialises in the
