Aegean Airlines has invested in Volotea AEGEAN

Aegean invests €25 million in Spanish low-cost carrier Volotea

September 4, 2024

Aegean Airlines has invested €25 million in Barcelona-based budget carrier Volotea. This capital injection is part of a larger fundraising effort involving Volotea’s existing shareholders, totalling €50 million. Aegean made the investment through a profit-participating loan, which will later be converted into shares. Volotea may receive another round of investment next year, with Aegean indicating

AviLease secures US$2.5 billion five-year unsecured term facility

September 3, 2024

AviLease, a global aircraft lessor has announced the successful raising of a US$2.5 billion, five-year unsecured term facility. This facility will be utilised, among other purposes, to fully refinance a bridge facility that AviLease secured in 2023 when it acquired Standard Chartered’s aircraft leasing platform. The financing is split into two parts: a conventional facility

Safran acquisition of AI-firm Preligens Safran

Safran announces acquisition of AI-firm Preligens

September 2, 2024

Preligens; a company specialising in artificial intelligence (AI) for aerospace and defence, has officially joined Safran. The acquisition was completed for an enterprise value of €220 million (US$244 million). Preligens will be rebranded as Safran.AI and will become part of Safran Electronics & Defense. Founded in 2016, Preligens specialises in AI analytics-solutions for high-resolution imagery,

Onex Partners announces acquisition of Farsound Aviation

August 30, 2024

Onex Partners has announced that it has agreed to acquire Farsound, a global provider of supply chain solutions for the aerospace MRO-market. The investment has been made in partnership with Farsound’s management team, led by Chief Executive Officer Chris Knott. Headquartered in Brentwood, England, Farsound specialises in the procurement, supply, and inventory management of high-volume

Qantas Group delivers strong FY24 results with strategic investments

August 29, 2024

The Qantas Group has reported robust earnings for FY24, achieving an underlying profit before tax of AU$2.08 billion and a statutory profit after tax of AU$1.25 billion for the year ending 30 June 2024. Although overall earnings were lower than the previous year due to moderated fares, increased customer initiative spending, and a decline in

SAS has successfully exited U.S. Chapter 11 bankruptcy proceedings

SAS exits U.S. Chapter 11 bankruptcy with stronger balance sheet and new ownership

August 28, 2024

Swedish airline SAS has successfully exited U.S. Chapter 11 bankruptcy proceedings, marked by a strengthened balance sheet and new ownership. The restructuring process involved the company reorganising over US$2 billion in debt, adjusting its fleet and delisting its stock, which resulted in the elimination of the stakes held by more than 250,000 former shareholders. During

StandardAero acquires Aero Turbine to strengthen military engine services

August 27, 2024

StandardAero has announced its acquisition of Aero Turbine Inc., a provider of maintenance, repair and overhaul (MRO) services and consultative repair solutions for military engines and accessories. The acquisition was made from Gallant Capital, a Los Angeles-based private equity firm. Founded in 1978, Aero Turbine operates out of the Stockton Metropolitan Airport in northern California.

CALC reports revenue growth and expands fleet in H1 2024

August 26, 2024

China Aircraft Leasing Group Holdings (CALC) has reported its unaudited interim results for the six months ending June 30, 2024, showcasing an 8.7% increase in total revenue to HK$2,528.1 million. Profit attributable to shareholders amounted to HK$131.7 million, with earnings per share recorded at HK$0.177. The Board has declared an interim dividend of HK$0.12 per

Capital A secures US$443 million revenue bond to boost AirAsia’s growth

August 22, 2024

Capital A Berhad (Capital A) has reported the successful signing of a US$443 million revenue bond for AirAsia, marking a crucial step in its ongoing efforts to strengthen its financial position and accelerate growth in its airline business. This financing is a significant milestone in AirAsia’s journey to emerge stronger and more resilient after the

Qatar Airways Group Chief Executive Officer, Engr. Badr Mohammed Al-Meer and Airlink Chief Executive, Rodger Foster

Qatar Airways makes strategic investment in Airlink

August 21, 2024

Qatar Airways Group has acquired a 25% stake in Airlink, Southern Africa’s independent regional carrier. This strategic investment aligns with Qatar Airways’ ongoing ambition to expand its operations across the African continent. Airlink operates flights to over 45 destinations across 15 African countries. The investment will enhance the existing code-sharing partnership between Qatar Airways and

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