RTX has reported fourth quarter sales of US$19.9 billion, up 10% over the prior year, which included a benefit of US$0.1 billion related to a customer settlement. On an adjusted basis, sales were US$19.8 billion, up 10% over the prior year. GAAP EPS from continuing operations of US$1.05 was up nine percent versus the prior
In mid-January, RUAG Aerostructures Switzerland and Pilatus Aircraft reached an agreement on the sale of the machine park and the transfer of all employees. The sale to Pilatus is part of the strategic goals for RUAG International set by the Federal Council. RUAG Aerostructures Switzerland is one of the world’s leading manufacturers and suppliers of
Avia Solutions Group, an ACMI provider with 199 aircraft, has signed a share purchase agreement to acquire Australian airline, Skytrans. The acquisition is expected to be completed in March 2024, subject to specific transaction conditions. Skytrans is an Australian-owned airline operating Regular Public Transport (RPT) and charter services with a fleet of 13 regional aircraft.
Vertical Aerospace (Vertical), a global aerospace and technology pioneer in zero-emissions aviation, has announced a substantial US$50 million investment from its founder, majority owner and CEO, Stephen Fitzpatrick. This funding infusion not only paves the way for upcoming financing rounds but also extends Vertical’s projected financial runway into Q2 2025. This capital injection will support
Willis Lease Finance Corporation (WLFC) has issued to TAR Aerolíneas a notice of Continuing Event of Default, demand for Payment and demand to Return for TAR Aerolíneas’ failure to pay amounts due and its refusal to return a leased AE3007 engine, currently installed on Embraer RJ145LR (Registration No. XA-AFH) and being utilised for Mexicana flights.
Building on a longstanding commercial partnership spanning over two decades, EFIS MAROC has officially merged into ECS Group, reinforcing the group’s presence in Africa. The acquisition agreement, signed on December 13, 2023, marks the beginning of a seamless transition and the implementation of digital enhancements for the benefit of EFIS MAROC and its clientele. Founded
Mesa Air Group has unveiled a series of agreements with United Airlines (United) that promise to significantly enhance its operating income and liquidity over the coming year. Additionally, the company has provided an update on its efforts to reduce debt and fortify liquidity by selling excess CRJ-900 assets. Highlights of the United agreements: The United
Norwegian Air Shuttle ASA (Norwegian) has officially become a shareholder in Norsk e-Fuel, marking a significant milestone in its mission to establish the world’s first major electro fuel production facility. This ground-breaking project will produce fossil-free jet fuel at a state-of-the-art plant located in Mosjøen, Nordland, potentially ushering in a new era of sustainable aviation.
Airbus Helicopters and Aerovel have signed an agreement regarding the acquisition of Aerovel and its unmanned aerial system (UAS), Flexrotor, as part of a strategy to strengthen Airbus Helicopters’ portfolio of tactical unmanned solutions. Flexrotor is a small tactical unmanned aerial system designed for intelligence, surveillance, target acquisition and reconnaissance (ISTAR) missions at sea and
CORE Industrial Partners (CORE) has completed an investment in Aviation Concepts, a provider of mission-critical, rotable components to the aftermarket commercial aviation industry. Headquartered in Sunrise, Florida, Aviation Concepts has a global reach via sophisticated logistics partnerships. John May, Managing Partner of CORE, said, “With more than 30 years of experience, Aviation Concepts and its
