Brussels Airlines has reported an adjusted EBIT of €11.6 million for the second quarter of 2024, a decline compared to Q2 2023, primarily due to lower production. The airline has expanded its fleet with an additional Airbus A330 and introduced Nairobi as a new long-haul destination. Despite the weaker quarterly results, Brussels Airlines expects a
Chorus Aviation (Chorus) has entered into an agreement to sell all assets in its Regional Aircraft Leasing (RAL) segment, including Falko Regional Aircraft Limited (Falko) and Chorus’ equity interests in the aircraft investment funds managed by Falko and its affiliates, to affiliates of investment funds managed by HPS Investment Partners (the transaction). The aggregate consideration
Airbus has posted consolidated financial results for the half-year ended June 30, 2024. “The half-year financial performance mainly reflects significant charges in our space business. We are addressing the root causes of these issues,” said Guillaume Faury, Airbus Chief Executive Officer. “In commercial aircraft, we are focused on deliveries and preparing the next steps of
The Lufthansa Group has increased its second-quarter revenues by seven percent to €10 billion in 2024 (prior-year period: €9.4 billion). The Group recorded an operating profit, or Adjusted EBIT, of €686 million (prior-year period: €1.1 billion). The Group net result amounted to €469 million (prior-year period: €881 million). The prime drivers here were the 11%
Bombardier has posted strong financial results for the second quarter of 2024 (Q2 2024), showcasing significant double-digit growth year-over-year across key metrics, including deliveries, revenues, services, and profitability. The company is on track to meet its 2024 full-year guidance. Revenues for Q2 2024 rose to US$2.2 billion, up 32% year-over-year, driven by higher aircraft deliveries
U.S. aerospace and defence company RTX has raised its full-year earnings forecast and beat estimates for second-quarter profit on Thursday, July 25, according to REUTERS, aided by a rebound in the broader commercial aviation sector. RTX stock hit an all-time high, trading up 8% at US$113 in New York. Airlines are flying older aircraft to
Specialist regional aircraft lessor, TrueNoord, has secured a new five-year term loan with BayernLB. This term loan reinforces TrueNoord’s strong working relationship with the Bavarian and German financier, following the announcement of their first provision of capital to the lessor in April 2023, as part of a multi-lender term loan. The financing, which includes an
Airbus is investing in LanzaJet, a leading sustainable fuels technology company and producer, in line with its ambition to act as a catalyst for the global development of sustainable aviation fuels (SAF). This investment will support the development of the alcohol-to-jet (ATJ) pathway, an important step required to produce SAF at scale by enabling LanzaJet
Magnetic Leasing, part of the Magnetic Group, has successfully closed a secured term loan with volofin Capital Management to finance mid-life narrow-body aircraft, engines, and landing gears. This transaction and strategic alliance represent Magnetic Group’s first structured financing facility as part of its ongoing expansion strategy. Alex Vella, CEO of Magnetic Leasing and CIO at
The Brazilian National Bank for Economic and Social Development (BNDES) has finalised the financing contract for the export of 32 Embraer E175 commercial jets to American Airlines. The operation, worth around R$4.5 billion (US$808 million), is facilitated through BNDES Exim Post-shipment, a direct credit line from the Bank to support the commercialisation of national goods
