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 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
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 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 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
Lynx Air, a Calgary, Canada-based airline dedicated to providing affordable air travel for Canadians, is set to cease operations on Monday, February 26. The low-cost carrier revealed this decision concurrently with the announcement of securing an initial order for creditor protection from the Court of King’s Bench of Alberta. According to CBC News, Lynx Air
The Qantas Group maintains its commitment to customer experience and fleet expansion, achieving a AU$1.25 billion underlying profit before tax in the first half of FY24. Earnings, although 13% lower than the corresponding period in FY23, reflect a normalisation in fares and capacity. The decline in earnings is attributed to lower fares impacting revenue per
Rolls-Royce has announced a substantial increase in its annual profit for the previous year, surpassing expectations. The company anticipates a further surge in 2024, attributing it to increased flight activity of aircraft equipped with its engines, improvements in its power business and a continuous influx of defence orders. In 2023, the group’s underlying operating profit
Following regulatory approvals for the acquisition of Ball Aerospace, BAE Systems has now successfully concluded the acquisition of Ball Aerospace from Ball Corporation. The transaction has been finalised at a purchase price of US$5.5 billion (approximately £4.4 billion), financed through existing cash reserves and new external debt. The newly acquired entity will operate under the
Air Canada has demonstrated robust financial performance in the fiscal year 2023 compared to 2022, with notable improvements across key metrics. The airline’s operating revenues reached CA$21.833 billion, marking a significant 32% increase driven by a 20% growth in operated capacity. Operating expenses rose to CA$19.554 billion, up 17%, primarily attributed to higher capacity and
