Spirit Airlines has struck a deal with Airbus to postpone the delivery of all aircraft slated for the second quarter of 2025 through the end of 2026 to the period between 2030 and 2031. Notably, this deferral excludes the direct-lease aircraft set for delivery during this timeframe, with one each in the second and third
On April 2, GE Aerospace soared into independence as a publicly traded entity, marking a significant milestone in the evolution of flight after the completion of the GE Vernova spin-off. Trading under the ticker “GE” on the New York Stock Exchange (NYSE), GE Aerospace charts a course towards innovation and excellence. H. Lawrence Culp Jr.,
Liebherr-Aerospace Toulouse SAS has completed the acquisition of GIT Galvanoplastie Industrielle Toulousaine SAS (GIT). Situated in Cugnaux, near Toulouse, France, the company specialises in surface treatment and the application of liquid paint on diverse materials primarily for the aerospace sector. In 2023, GIT SAS recorded a turnover of €8 million (£6.84 million) and employed over
Avion Express UAB has fulfilled its obligations to creditors almost two years ahead of schedule and has become the first airline in Lithuania to successfully complete its corporate restructuring process. During this process, the company not only ensured the continuity of its operations, but also grew its business. “The restrictions on air travel during the
Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi Systems S.p.A., for a purchase price of €6.30 per share in cash (an equity value of approximately €200 million at closing). The acquisition will further strengthen Honeywell’s capabilities to help its customers create autonomous operations in aircraft and other vehicles. It
Following successful mediation, Lufthansa and the trade union Ver.di have reached an agreement on the main features of a collective labour agreement for approximately 25,000 Lufthansa employees, announced in Frankfurt. Details of the agreement to be disclosed this Thursday, March 28, 2024. Ver.di chief negotiator Marvin Reschinsky expressed satisfaction with the arbitration outcome, while Lufthansa’s
SAS AB has officially applied for company reorganisation (Sw. företagsrekonstruktion) in Sweden today, March 27, 2024. The commencement of this process is contingent upon approval from the Stockholm District Court. It’s important to note that this application pertains solely to the listed parent company of the SAS Group, SAS AB, and does not extend to
AAR CORP. has reported third-quarter fiscal year 2024 consolidated sales of US$567.3 million and income from continuing operations of US$14.0 million. For the third quarter of the prior year, the company reported sales of US$521.1 million and income from continuing operations of US$21.8 million. Adjusted diluted earnings per share from continuing operations in the third
Airbus Defence and Space has announced plans to acquire INFODAS, a leading Cologne-based German firm specialising in cybersecurity and IT solutions for the public sector, including defence and critical infrastructures. The agreement, subject to regulatory approvals, is anticipated to be finalised by the close of 2024. This strategic move aligns with Airbus’ commitment to fortify
Specialist regional aircraft lessor, TrueNoord, has finalised a new Term Loan agreement with Deutsche Bank. The financing arrangement is aimed at bolstering TrueNoord’s ongoing business expansion initiatives and fleet enlargement, while also marking the addition of Deutsche Bank as a valued banking partner. Legal counsel Clifford Chance represented TrueNoord, while Milbank acted on behalf of
