Financial Archives

Crosslake Group expands portfolio with acquisition of two component MRO firms

March 12, 2024

Crosslake Group, a private financial firm specialising in investments in privately held aerospace and defence enterprises, has successfully acquired two prominent maintenance, repair and overhaul (MRO) companies based in South Florida. The acquired companies, Continental Aircraft Support, Inc. (Continental) and Magnum Aircraft Repair Services, Inc. (M.A.R.S.), are now integral members of Crosslake’s aftermarket aviation parts

Lufthansa Group reports record profits but faces headwinds from strikes and future uncertainties

March 8, 2024

Lufthansa Group’s balance sheet presentation in Frankfurt on Thursday, March 7, revealed not only the successful recovery from the pandemic, but also the challenges that lie ahead for the company. The positive aspects include a Group net profit of €1.7 billion, a 15% increase in revenue to €35.4 billion and an adjusted EBIT of €2.7

JetBlue and Spirit Airlines have terminated their merger plans

JetBlue and Spirit Airlines abandon merger plans

March 5, 2024

JetBlue and Spirit Airlines have jointly decided to terminate their merger agreement, originally slated for completion by July 24, 2024. Despite both airlines recognising the potential pro-competitive advantages of the merger, practical hurdles in meeting required legal and regulatory approvals led to this mutual decision. Joanna Geraghty, CEO of JetBlue, expressed the initial optimism behind

HEICO’s net income increases 23% in the first quarter 2024

March 5, 2024

HEICO has reported an increase in net income of 23% to US$114.7 million in the first quarter of fiscal year 2024, up from US$93.0 million in the first quarter of fiscal year 2023. Net sales increased 44% to US$896.4 million in the first quarter of 2024, up from US$620.9 million in the first quarter of

NAC posts full-year 2023 net income of US$72 million

March 5, 2024

Nordic Aviation Capital (NAC) has released its annual financials for the year ended December 31, 2023. Key highlights include a net income of US$72 million, total available liquidity of US$856 million, and total assets of US$3.8 billion at year-end. The net debt stood at US$1.85 billion, with book equity reaching US$736 million. NAC owns 270

Safran bizjet nacelle and CFM International RISE engine © Safran Nacelles/CFM International

Safran completes acquisition of 3D Metal Forming (3DMF)

March 5, 2024

Safran Nacelles has completed the acquisition of 3D Metal Forming (3DMF), a company specialised in high-energy hydro forming (HEHF) of metal parts. This innovative manufacturing process reinforces Safran Nacelles’ capacity to develop and produce parts for nacelles and engines, including nozzles and air inlet lips. HEHF is also an enabling technology for manufacturing monolithic integrated

Boeing explores acquisition talks with Spirit AeroSystems

March 4, 2024

Boeing has revealed on Friday, March 1, its preliminary discussions regarding the potential acquisition of Spirit AeroSystems, its former subsidiary, as part of the company’s strategic response to a crisis triggered by a mid-air panel blowout on January 5. The aerospace giant, aiming to regain control in the aftermath of the incident, expressed confidence that

Skytrans Airlines is now part of the Avia Solutions Group © Avia Solutions Group

Avia Solutions Group concludes acquisition of Skytrans Airlines

March 4, 2024

Avia Solutions Group has successfully concluded the acquisition of Australian airline Skytrans. Specialising in regular public transport (RPT) and charter operations, Skytrans boasts a fleet of 13 regional aircraft. The strategic acquisition secures an Australian Air Operator Certificate (AOC) for Avia Solutions Group, opening avenues for both passenger and cargo flight operations. This move positions

Leonardo delivers another year of strong financial performance

March 1, 2024

Leonardo has delivered another year of strong financial performance, meeting or exceeding targets. Orders show continuous and structural growth, reaching close to the level of €18 billion (over €18.7 billion on a pro-forma basis consolidating Telespazio), with a strong performance in European electronics. The strong growth and positive commercial trend is even more relevant considering that

AerCap posts strong financial results for Q4 and full year 2023

February 26, 2024

AerCap has revealed its financial performance for the fourth quarter and full year of 2023, concluding on December 31, 2023. Aengus Kelly, the CEO of AerCap, expressed satisfaction with the results, marking another record quarter and a stellar year for the company. Kelly attributed these achievements to the robust operating environment and positive momentum in

Financial

Crosslake Group expands portfolio with acquisition of two component MRO firms

Lufthansa Group reports record profits but faces headwinds from strikes and future uncertainties

JetBlue and Spirit Airlines abandon merger plans

HEICO’s net income increases 23% in the first quarter 2024

NAC posts full-year 2023 net income of US$72 million

Safran completes acquisition of 3D Metal Forming (3DMF)

Boeing explores acquisition talks with Spirit AeroSystems

Avia Solutions Group concludes acquisition of Skytrans Airlines

Leonardo delivers another year of strong financial performance

AerCap posts strong financial results for Q4 and full year 2023

Stay Connected

Subscribe