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
GE Aerospace plans to invest more than US$1 billion over five years in its maintenance, repair and overhaul (MRO) and component repair facilities worldwide. These investments will help GE Aerospace create capacity to meet growth in both the widebody and narrow-body installed base by adding additional engine test cells and equipment. The funding will also
AAR CORP. has posted fourth-quarter 2024 consolidated sales of US$656.5 million and income from continuing operations of US$9.1 million. For the fourth quarter of the prior year, the company reported sales of US$553.3 million and income from continuing operations of US$23.2 million. Consolidated fourth-quarter sales increased by 19% over the prior year quarter. Consolidated sales
Cabinair Services, a UK-based and well-established service provider specialising in aircraft interior design, refurbishment and repair, has announce the acquisition of a majority shareholding in AeroKnow SIA (AeroKnow), a prominent Latvian-based aviation engineering and design house, with engineers located around the world. This strategic acquisition enhances Cabinair Services’ capabilities by integrating AeroKnow’s expertise in EASA
On a preliminary basis, the Lufthansa Group generated an adjusted EBIT of €686 million in the second quarter of 2024 (previous year: €1.1 billion). A market-related decline in average yields in all traffic regions, particularly in Asia, had a negative impact. The unit costs of the passenger airlines remained at the previous year’s level in
SITA has finalised the acquisition of Materna IPS following the completion of regulatory formalities and legal procedures. This acquisition marks a significant leap forward in the digitalisation of the global aviation industry, enhancing check-in, baggage handling, and security processes. Travellers can expect reduced wait times, smoother journeys, and a new era of personalised digital services.
