VSE Corporation has concluded the acquisition of Kellstrom Aerospace © Kellstrom

VSE Corporation announces acquisition of Kellstrom Aerospace

October 16, 2024

VSE Corporation (VSE) has signed a definitive agreement to acquire Kellstrom Aerospace Group (Kellstrom), a portfolio company of AE Industrial Partners, and a diversified global distributor and service provider supporting the commercial aerospace engine aftermarket. The transaction is subject to customary closing conditions, including regulatory review, and is expected to close in the fourth quarter

Gavin Simmonds, Chief Executive Officer APOC Aviation

APOC Aviation secures multi-million funding from Deutsche Bank

October 16, 2024

APOC Aviation has secured a multi-faceted financing facility with Deutsche Bank through its transportation structured finance group. The funds will be utilised to expand APOC’s existing business portfolio while supporting further vertical integration of future complementary solutions. The flexibility provided by Deutsche Bank will allow APOC to grow substantially in both the short and medium

© Eve Air Mobility has launched Eve TechCare at MRO Europe in Barcelona © Eve Air Mobility

Eve secures US$88 million from BNDES for eVTOL production

October 16, 2024

Eve Air Mobility (Eve) has secured a US$88 million loan from Brazil’s National Development Bank (BNDES) to fund the development of its electric vertical take-off and landing (eVTOL) aircraft production facility in Taubaté, São Paulo. This financing builds on the successful partnership between Eve and BNDES, following the 2022 approval of a US$92.5 million line

MTU Aero Engines raises 2024 earnings forecast

October 15, 2024

MTU Aero Engines AG has revised its earnings outlook for 2024, now expecting an adjusted EBIT of slightly over €1 billion. Previously, the company had forecasted adjusted EBIT between €950 million and €980 million. This improved outlook is based on strong performance across all business segments despite ongoing market challenges. Preliminary figures for the first

Britten-Norman secures major investment from Beechlands Enterprises

October 15, 2024

Britten-Norman, a UK utility aircraft manufacturer, has successfully completed its second funding round, securing significant capital from Northern Ireland-based Beechlands Enterprises. This investment will accelerate production of the iconic Islander aircraft and transform the company’s aftermarket business. The firm will expand its UK manufacturing operations, aiming to produce up to eight aircraft annually in phase

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

Virgin Australia reports strong FY24 results with 18.2% EBIT growth

October 14, 2024

Virgin Australia has built on its FY23 return to profitability, delivering an even stronger performance in FY24. Underlying EBIT rose by 18.2% to AU$519 million, despite facing challenges such as supply chain constraints, unprecedented industry inflation and strong competition. The group’s result represents an underlying EBIT margin of 9.7%, up from 8.8% in FY23. The

Qantas fined AU$100 million for misleading customers

October 9, 2024

Qantas has been ordered by the Federal Court to pay AU$100 million in penalties for misleading consumers. The penalties relate to the airline offering and selling tickets for flights it had already decided to cancel, as well as failing to promptly inform existing ticket holders of its decision. This ruling follows a case brought by

H.I.G. Capital makes major investment in STS

October 9, 2024

STS Aviation Group (STS) has announced a significant equity investment from H.I.G. Capital (H.I.G.), a global alternative investment firm. The executive team at STS, led by CEO P.J. Anson, will remain in charge and continue as significant shareholders in the company. Founded in 1984, STS Aviation Group provides comprehensive nose-to-tail aircraft maintenance services to the

Jet Parts Engineering has acquired Mitchell PMA

Jet Parts Engineering acquires Mitchell PMA

October 8, 2024

Jet Parts Engineering (JPE), a provider of PMA parts, DER repairs and MRO services for commercial aircraft, has announced the acquisition of Mitchell PMA, the PMA division of Mitchell Aircraft. This integration will enhance JPE’s ability to meet customer demands by offering a wider range of high-quality parts at competitive prices. “We are excited to

Avolon reports strong Q3 results

October 7, 2024

Aviation finance company Avolon has provided an update on its activities for the third quarter (Q3) of 2024. The company sold 11 aircraft during the period, resulting in 59 aircraft now agreed for sale. Additionally, Avolon delivered nine new aircraft and transitioned five aircraft to a total of 11 customers. It has entered into letters

Financial

VSE Corporation announces acquisition of Kellstrom Aerospace

APOC Aviation secures multi-million funding from Deutsche Bank

Eve secures US$88 million from BNDES for eVTOL production

MTU Aero Engines raises 2024 earnings forecast

Britten-Norman secures major investment from Beechlands Enterprises

Virgin Australia reports strong FY24 results with 18.2% EBIT growth

Qantas fined AU$100 million for misleading customers

H.I.G. Capital makes major investment in STS

Jet Parts Engineering acquires Mitchell PMA

Avolon reports strong Q3 results

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