The SIA Engineering Group has unveiled its financial performance for the fiscal year ending March 31, 2024, reporting a revenue of SG$1,094.2 million. This represents a notable increase of 37.5% compared to the previous year, driven by a sustained recovery in demand for aircraft maintenance, repair and overhaul (MRO) services. Despite a rise in group
Demand for travel has bolstered International Airlines Group‘s (IAG) performance in the first quarter, with passenger revenue per available seat kilometre (ASK) rising by 4.4% compared to the same period in 2023. This increase was attributed to the timing of Easter and a robust recovery in leisure traffic, although business travel showed slower signs of
Willis Lease Finance Corporation (WLFC) announced record first-quarter total revenues of US$119.1 million and record quarterly pre-tax income of US$29.9 million. For the three months ended March 31, 2024, aggregate, core lease rent and maintenance reserve revenues were at an all-time high of US$96.8 million, up 26% as compared to US$76.7 million in 2023. The
Embraer has released its 2024 first-quarter (1Q24) results, showcasing robust figures across its aviation sectors. In the commercial aviation segment, the company delivered between 72 and 80 aircraft, while in executive aviation, deliveries ranged between 125 and 135 aircraft. Total revenues for the company fell within the range of US$6.0-6.4 billion, with an adjusted EBIT
Capital A. Bhd, via its wholly-owned subsidiary AirAsia Consulting Sdn Bhd, has emerged as one of six bidders for acquiring shares in Sri Lanka’s national airline. A statement from Sri Lanka’s Ministry of Finance, Economic Stabilisation, and National Policies also identified Dharshaan Elite Investment Holding (Pvt) Ltd, FITS Aviation (Private) Ltd, Sherisha Technologies Private Ltd,
Astronics Corporation has reported financial results for the three months ended March 30, 2024. Consolidated sales were up $28.5 million, or 18.2%. Aerospace sales increased US$28.0 million, or 20.7%, driven by increased demand in its Electrical Power & Motion product line. Test Systems sales increased US$0.5 million. Consolidated operating income was US$1.7 million, compared with
In the first quarter of 2024, Air France-KLM Group saw a notable increase in passenger numbers, welcoming 20.9 million travellers, marking a 6.2% rise from the previous year. With capacity expanding by 4.5% and traffic growing by 5.0%, the load factor experienced a slight uptick of 0.4 points compared to the previous year. However, despite
MTU Aero Engines (MTU) achieved adjusted revenue of €1.67 billion in the first quarter of 2024, marking an 8% increase compared to the same period in 2023 (1-3/2023: €1.54 billion). Adjusted EBIT2 reached €218 million, up from €212 million in the prior-year period, while the adjusted EBIT margin stood at 13.0% (1-3/2023: 13.7%). Adjusted net
Boeing has closed a deal with GKN Aerospace St. Louis and its parent company, Melrose Industries, to continue the manufacturing of critical components that support the U.S. government and its allies. The agreement between Boeing and GKN immediately transitions the St. Louis site’s capabilities and operations in support of the F/A-18 and F-15 programmes to
Embraer has unveiled its plan to invest approximately US$390 million and recruit 900 additional employees in the current year in Brazil. The announcement was made during the visit of the President of Brazil, Luiz Inácio Lula da Silva, to the company’s headquarters in São José dos Campos. The objective is to meet increased aircraft production
