Main Menu
AviTrader sponsorship ad

Financial

Ascent AeroSystems all-weather coaxial helicopter drone © Robinson Helicopter Company

Robinson Helicopter Company acquires Ascent AeroSystems

April 24, 2024

Robinson Helicopter Company (RHC) has completed the acquisition of Ascent AeroSystems, which now operates as a wholly owned subsidiary of Robinson Helicopter Company. This strategic move underscores Robinson’s commitment to advancing innovation, expediting new rotorcraft developments, and supporting diverse missions globally. By harnessing the expertise and resources of both entities, Robinson reinforces its position at

Read More »
JetBlue

JetBlue reveals US$716 million first-quarter loss amid revenue dip

April 24, 2024

JetBlue, ‘New York’s Hometown Airline®’, has unveiled its financial performance for the first quarter ending March 31, 2024. The airline disclosed a net loss of US$716 million, representing a year-on-year revenue decline of 5.1% to US$2.2 billion. As of the end of the first quarter, JetBlue held US$1.7 billion in unrestricted cash, cash equivalents, short-term

Read More »
Spirit AeroSystems Wichita, Kansas

Boeing to provide Spirit AeroSystems with US$425 million advance payments

April 24, 2024

Spirit AeroSystems has disclosed an agreement with Boeing, whereby the aerospace giant will furnish advance payments totalling US$425 million, according to REUTERS news agency. This agreement aims to assist Spirit in addressing challenges such as elevated inventory levels and reduced cashflows, following the U.S. aviation regulator’s imposition of a production cap on Boeing’s 737 MAX

Read More »
RTX

RTX reports strong first-quarter sales growth

April 24, 2024

RTX has reported first-quarter sales of US$19.3 billion, marking a 12% increase over the previous year. GAAP EPS rose by 32% to US$1.28, which included various adjustments such as acquisition accounting adjustments, tax audit settlements, and gains related to divestiture. Adjusted EPS stood at US$1.34, reflecting a 10% increase compared to the prior year. RTX

Read More »
Alaska-Horizon Embraer E175 aircraft © Embraer

Alaska Air Group reports Q1 2024 net loss of US$132 million

April 22, 2024

Alaska Air Group has reported a net loss for the first quarter of 2024 (under generally accepted accounting principles, GAAP) of US$132 million, compared to a net loss of US$142 million for the first quarter of 2023. The reported net loss for the first quarter of 2024, excluding special items and mark-to-market fuel hedge accounting

Read More »
Czech Airlines Technics

Czech Airlines Technics returns to profit

April 18, 2024

Czech Airlines Technics (CSAT), a subsidiary of Prague Airport, has achieved financial success for the first time since 2019. This positive outcome is attributed to the gradual restoration of operations across all sectors, increased service volume and optimal utilisation of available capacity. The EBITDA operating profit saw a year-on-year increase of 45 million crowns to

Read More »
United Airlines

United Airlines reveals Q1 2024 financials and fleet developments

April 17, 2024

United Airlines (UAL) has announced its first-quarter (Q1) 2024 financial results, recording a pre-tax loss of US$164 million, marking a US$92 million improvement compared to the same quarter last year. Adjusted pre-tax loss stood at US$79 million, reflecting a US$187 million improvement on an adjusted basis from the previous year. These figures include a US$200

Read More »
A220 aircraft © Airbus

SAMCO Aircraft Maintenance acquires Austrian Airlines Techniks Bratislava

April 17, 2024

SAMCO Aircraft Maintenance, an aircraft maintenance provider, has reported the successful acquisition of Austrian Airlines Techniks Bratislava (ATB). Established in 2006, ATB has been providing heavy maintenance services to regional aircraft operators. Under the previous ownership of Austrian Airlines, ATB achieved remarkable growth and success. This change of ownership marks a new chapter for ATB,

Read More »
The Lufthansa Group

Lufthansa Group expects lower second-quarter results due to strikes

April 17, 2024

On an initial basis, the Lufthansa Group has reported an Adjusted EBIT loss of €849 million in the first quarter of 2024 (compared to a loss of €273 million the previous year). The loss exceeded expectations due to various strikes, both by different employee groups within the Group and by employees at system partners, which

Read More »
At MRO Americas, in Chicago, Rhinestahl has announced its intention to acquire HYDRO Systems © HYDRO Systems

Rhinestahl to acquire HYDRO Systems

April 10, 2024

Rhinestahl Corporation has announced its intention to acquire HYDRO Systems KG, marking a significant step towards consolidating strengths in the aviation support equipment and services sector. The plans for this strategic acquisition were unveiled during a presentation at Aviation Week Network’s MRO Americas in Chicago, led by Dieter Moeller, CEO and President of Rhinestahl and

Read More »
Aviation News Categories
AviTrader sponsorship ad

Stay Connected

Twitter Linkedin-in Instagram Facebook-f Youtube

Subscribe

Subscribe
Subscribe