ADE Secures US$100m financing from QNB Group

Archer secures US$430m in funding to develop hybrid VTOL aircraft for defence applications

December 13, 2024

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

After four years Korean Air has finally completed the take-over of Asiana Airlines

Korean Air finalises acquisition of Asiana Airlines, creating a regional aviation giant

December 12, 2024

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 targets US$1 billion profit boost by 2027

December 11, 2024

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 is specialising exclusively in the 70–130-seat aircraft segment © AirTeamImages

Falko transitions ownership to HPS Investment Partners

December 9, 2024

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 concluded the acquisition of Kellstrom Aerospace © Kellstrom

VSE Corporation completes acquisition of Kellstrom Aerospace

December 4, 2024

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

The legal dispute centred on pricing disagreements over Honeywell’s HTF7000 turbofan engines, developed exclusively for Bombardier’s Challenger jets © Bombardier

Honeywell and Bombardier resolve legal dispute, launch aviation technology deal

December 3, 2024

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 has been selected by FINEP to receive a grant of up to US$15.8 million

Eve secures additional US$35 million funding from BNDES

December 2, 2024

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

MTU forecasts continued growth and improved earnings for 2025

MTU Aero Engines projects profitable growth for 2025

November 29, 2024

MTU Aero Engines AG has forecast continued growth and improved earnings for 2025, expecting revenues between €8.3 and €8.5 billion. Adjusted EBIT is projected to rise in the low-to-mid teens percentage range, with adjusted net income expected to grow in line with EBIT. Free cash flow is anticipated to remain in the low triple-digit million-euro

easyJet reports record profit growth and revenue surge

November 28, 2024

easyJet, the British low-cost airline, reported on Wednesday, November 27, a profit before tax of £602 million for fiscal year 2024, up from £432 million in the previous year, driven by significant revenue growth. Excluding one-off items, headline profit before tax increased to £610 million from £455 million year-on-year. Operating profit rose to £589 million,

Vertical Aerospace has secured funding of US$50 million © Vertical Aerospace

Vertical Aerospace secures fresh funding

November 26, 2024

Vertical Aerospace (Vertical), an aerospace and technology company at the forefront of electric aviation, has signed a term sheet with its majority shareholder Stephen Fitzpatrick and primary creditor Mudrick Capital Management. This agreement secures a US$50 million funding commitment, bolstering the company’s financial position and supporting its recently launched Flightpath 2030 strategy. The funding will

Financial