American Airlines (American) has produced record quarterly revenues of US$14.1 billion in the second quarter. The strong revenue performance was driven by continued broad-based demand strength and American’s completion factor performance in the quarter. Demand was particularly strong in the month of June driven by an increase in close-in bookings. Domestic and short-haul international revenue
Lilium, developer of the first all-electric vertical take-off and landing jet, has announced a US$192 million financing, including the pricing of an upsized US$75 million underwritten public offering of 57,692,308 of the company’s Class A ordinary shares (the shares), as well as a concurrent US$42 million private placement of 32,146,147 shares and warrants to purchase
Air France-KLM and Apollo Global Management have signed a definitive agreement for Apollo-managed funds and entities (Apollo) to raise a €500 million (£431 million) financing into an operating affiliate of Air France that will own a pool of components dedicated to Air France’s Engineering and Maintenance activities. Under this agreement and subject to customary closing
Avia Solutions Group has acquired UK-based airline operator Synergy Aviation, later to be rebranded to Ascend Airways. The newly purchased business, which has an Air Operator Certificate (AOC) and Type B Operating License from the UK CAA, will enable the Group to strengthen its position in the UK aviation market. Jonas Janukenas, CEO of Avia
Marubeni Corporation – one of the world’s largest trading and investment conglomerates – has acquired a 50% equity stake in DASI, LLC – a global leader in commercial aviation inventory solutions. The acquisition, which was recently completed for an undisclosed amount, will allow Marubeni to significantly expand opportunities and accelerate growth in the aviation parts
Azul has made an announcement regarding the launch of a private offering of Senior Secured First Out Notes due 2028 (Notes) through its subsidiary, Azul Secured Finance LLP, a Delaware limited liability partnership. This offering is a crucial component of the company’s comprehensive and permanent restructuring plan, aimed at optimising its capital structure and enhancing
Thales has entered into exclusive negotiations to acquire, for US$ 1.1 billion, Cobham Aerospace Communications (AeroComms), a leading supplier of advanced, ultra-reliable innovative safety cockpit communication systems. With about 690 employees, of which about 190 are engineers, the company operates across a well-invested footprint in France, South Africa, U.S.A. /Canada and Denmark. It is expected
Up & Away Aviation (Up & Away), a supplier of aircraft cleaning and detailing services to commercial airline and private aviation clients, has been acquired by Unifi Aviation (Unifi). Unifi is the USA’s largest ground aviation services company, part of the Argenbright Group. The deal was signed by Up & Away Aviation founder and CEO Stefan Murphy
Norwegian Air Shuttle (Norwegian) has announced an agreement to acquire Widerøe, a major regional carrier in Norway, from WF Holding AS. This strategic move aims to provide customers with a more extensive route network and increased options while safeguarding local employment opportunities in Norway. Widerøe will continue to operate as a separate company, maintaining its
French industrial conglomerate Daher has announced the closing of its acquisition of fellow French enterprise Assistance Aéronautique et Aérospatiale (AAA). Both highly ranked in their individual fields of industrial services for civil and defense aerospace, the merger will see Daher become better able to respond to the sector’s needs in the context of sharp increases
