Lockheed Martin Corporation has reported second quarter 2025 sales of US$18.2 billion, compared to US$18.1 billion for the same period in 2024. Net earnings for the quarter stood at US$342 million, or US$1.46 per share, which included US$1.6 billion in programme losses and US$169 million in other charges. This is significantly lower than the US$1.6
Chorus Aviation (Chorus) has announced an agreement to acquire Elisen & Associates Inc., a respected Montreal-based provider of aerospace engineering and certification services. Founded in 1997 by Stephane Durand and Taif Rahman, Elisen has cultivated a robust reputation for its expertise in highly technical aerospace projects. Its portfolio spans modifications for commercial, business and rotary
Volaris has posted a net loss of US$63 million for the latest quarter, equivalent to a loss of US$0.55 per American Depositary Share (ADS). Total operating revenues declined by 5% to US$693 million, driven by weaker unit revenues. Revenue per available seat mile (TRASM) dropped by 12% to US$7.80, despite a 9% increase in capacity,
Safran has officially closed the acquisition of Collins Aerospace’s flight control and actuation activities, marking a pivotal step in becoming a global leader in the field. These systems are essential to the operation of commercial and military aircraft, as well as helicopters, and are regarded as mission-critical components. The acquisition significantly strengthens Safran’s position in
AAR has announced its full-year financial results for fiscal year 2025, revealing consolidated sales of US$2.8 billion—marking a 20% increase on the previous year. The substantial rise in revenue is primarily attributed to the acquisition of its Product Support business and heightened activity in its new parts distribution operations. The company also reported an improvement
Precision Aviation Group, Inc. (PAG), a provider of MRO services and aerospace solutions, has announced its entry into the EMEA (Europe, Middle East and Africa) market through the acquisition of Turner Aviation. This move marks PAG’s first operational facility within the region and is a key milestone in the company’s wider global expansion strategy. Based
Astronics Corporation has reported the acquisition of Envoy Aerospace. The US$8 million deal aims to strengthen Astronics’ capabilities in aircraft connectivity, in-seat power systems and cabin modifications. Envoy Aerospace is a well-established provider of FAA Organisation Designation Authorisation (ODA) services, specialising in type certification solutions for aircraft and rotorcraft. The company supports customers in securing
Aircraft Engine Lease Finance (AELF), a commercial aircraft lessor based in Chicago, has finalised a US$31 million loan agreement with Absa Bank Group of South Africa. The loan is secured against an Airbus A330-300 currently on lease to South African Airways (SAA), which AELF recently acquired from a consortium of major international lenders, including Deutsche
Volato Group, Inc., a technology-focused private aviation company, has completed the sale of its subsidiary GC Aviation, Inc. for US$2 million in cash. The deal included the transfer of GC Aviation’s FAA Part 135 air carrier certificate, which had previously enabled Volato’s managed aircraft operations. This move is part of the company’s broader strategy to
AerCap Holdings N.V. has released a detailed update on its business performance for the second quarter of 2025, reflecting robust activity across its leasing, purchasing, sales, and financing operations. During the quarter, AerCap signed 71 lease agreements across a diverse range of assets, including eight wide-body aircraft, 32 narrow-body aircraft, 13 engines and 18 helicopters.
