Embraer has posted consolidated revenue of US$ 717 million for the first quarter of 2023 (1Q23) represented growth of 19% y-o-y due to better commercial mix, strong growth in Defence & Security (+56% y-o-y) and Services & Support (+20% y-o-y). The company’s total revenue closed the quarter as planned. Commercial Aviation reported revenue growth of
It is understood that US asset manager Apollo Global Management Inc. (Apollo) is looking to apply for approval from both Danish and Swedish regulators to acquire a majority stake in stricken carrier SAS AB (SAS) as part of its Chapter 11 bankruptcy plan. In July 2022 the Scandinavian carrier filed for Chapter 11 bankruptcy protection
Following last year’s record result, Lufthansa Technik (LHT), the global MRO service provider, also got off to a good start in 2023. Despite strong headwinds such as high energy costs and ongoing supply chain challenges in the industry, the company succeeded in increasing earnings (adjusted EBIT) by five percent to €135.2 million in the first
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.
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
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).
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
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 (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 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
