Airbus reports good first-quarter 2023 results reflected by 127 commercial aircraft deliveries

May 4, 2023

Airbus has reported consolidated financial results for its first quarter ending March 31, 2023, with deliveries of 127 commercial aircraft. Guillaume Faury, Airbus Chief Executive Officer commented on the results: “The first quarter confirmed strong demand for our products, particularly for commercial aircraft. We delivered 127 commercial aircraft, which is reflected in the Q1 financials.

Final curtain for air taxi start-up Lilium; the insolvency administrator has sold the patents to Archer Aviation

Lilium announces US$250 million capital raise

May 3, 2023

Munich-based Lilium Air Mobility (Lilium) has announced a capital raise for up to US$250 million, with US$100 million of that already raised. Lilium is a start-up company responsible for the production of the first all-electric vertical take-off and landing (eVTOL) jet. On May 1, a Form 6-K was filed by the company with the Securities

RECARO posts growth of 55% in 2022

May 2, 2023

Global seating company RECARO has announced record growth of almost 55% in 2022 and has outlined a plan for continued double-digit growth. In 2022, the company generated revenue of nearly €425 million (incl. double-digit R&D investment) and employed 2,500 personnel across its business divisions, which include RECARO Aircraft Seating, RECARO Gaming and Growag (rail seating).

WestJet Group completes acquisition of Sunwing

May 2, 2023

The WestJet Group has completed its acquisition of Sunwing Vacations and Sunwing Airlines. The transaction, originally announced in March 2022, combines the two Canadian aviation and leisure travel success stories and will bring greater choice, competitive airfares and increased direct access to sun destinations to Canadian travellers. In addition, it positions Sunwing to continue its growth

Aubert & Duval acquired by Airbus, Safran and Tikehau Capital holding company

May 1, 2023

A holding company equally owned by Airbus, Safran and Tikehau Capital has acquired Aubert & Duval from Eramet, the global mining and metallurgy group. Aubert & Duval is a strategic supplier of critical parts and materials to the aerospace, defence, nuclear and medical industries. The company generates approximately €550 million in annual revenue and has

American Airlines posts record first-quarter revenue of US$12.2 billion

April 28, 2023

American Airlines (American) and its regional partners operated 476,000 flights in the first quarter 2023, with a load factor of 80%. This resulted in revenues of US$12.2 billion for the quarter, a first-quarter record and an increase of 37% compared to Q1 2022 on 9.2% more capacity. American produced an operating margin of 3.6% on

Boeing reports revenue of US$17.9 billion for first quarter reflecting 130 commercial deliveries

April 27, 2023

Boeing has recorded first-quarter revenue of US$17.9 billion, GAAP loss per share of (US$0.69) and core loss per share (non-GAAP) of (US$1.27). The company reported operating cash flow of (US$0.3) billion and free cash flow of (US$0.8) billion (non-GAAP). Results improved on commercial volume and performance. The company reported a net loss of US$425 million compared to a net loss of US$1,242

Spirit posts first-quarter 2023 net loss of US$103.9 million

April 27, 2023

For the first quarter 2023, Spirit Airlines (Spirit) reported a net loss of US$103.9 million. Excluding special items, adjusted net loss for the first quarter 2023 was US$89.4 million. Spirit reported a pre-tax loss of US$141.6 million and a pre-tax margin of negative 10.5%. Adjusted pre-tax loss for the first quarter was US$120.6 million and

Safran reports first-quarter revenue increase of 29.4%

April 26, 2023

For the first quarter of 2023 (Q1 2023) Safran has reported narrow-body ASKs were at 100% (on average) of 2019. Q1 2023 revenue increased 29.4% to €5,266 million compared to Q1 2022. Growth was mainly fuelled by Propulsion and Aircraft Interiors activities. The change in scope was €15 million. Currency impact of €175 million reflects

Falko closes CA$388.2 million facility for Falko Regional Aircraft Opportunities Fund II

April 25, 2023

Falko Regional Aircraft Limited (Falko), a market leading aircraft operating leasing and asset management company focused on the regional aircraft sector, has closed a CA$388.2 million (£228.4 million) Term Loan financing in February 2023. The facility is secured by a portfolio of up to 41 aircraft owned by the Falko Regional Aircraft Opportunities Fund II.

Financial