Textron Inc. the multi-industry company behind brand names such as Bell, Cessna and Beechcraft, headquartered in Wichita, Kansas, has agreed to purchase Slovenia- and Italy-based Pipistrel, the manufacturer of small light aircraft and the Pipistrel Velis Electro, the world’s first and currently only, electric aircraft to receive full type-certification from the European Union Aviation Safety
Rolls-Royce North America will invest US$400 million in a major modernisation of engine test facilities in Indiana, bringing total company investment in the United States to nearly US$1.5 billion in the past decade. New facilities in Indianapolis will upgrade full engine test capabilities, following a major modernisation of advanced manufacturing at the campus. The Indianapolis
Acciona, a global company leader in the provision of regenerative solutions for a decarbonised economy and Eve UAM, an Embraer company, have entered into a strategic partnership to accelerate the development of a global and sustainable Urban Air Mobility ecosystem. Under the terms of the partnership, upon the consummation of Eve’s business combination with Zanite
Israel Aerospace Industries (IAI) has reported a 2021 growth in sales to US$4,477 million, compared to US$4,184 million in 2020. The company reported an 11% increase in net income to US$148 million compared to net income of US$133 million in 2020 and 10% growth in annual EBITDA to US$436 million compared to US$397 million in
Willis Lease Finance Corporation has reported annual total revenues of US$274.2 million a 5% decrease when compared to US$288.7 million in the prior year. Revenue for the three months ended December 31, 2021 was US$75.8 million, up 23.3% from the comparative period in 2020. Lease rent revenue was US$134.8 million in 2021, off 5.6% from
Lufthansa Technic has released its financial report for 2021 in which it has shown it has begun to shake off the effects of the pandemic-related aviation crisis. Through a combination of extensive restructuring and further development of its product portfolio the company was able to increase revenue by 7% to €4.003 billion (previous year: €3.747
Embraer has released its fourth-quarter and full-year 2021 results. Embraer delivered 55 jets in the fourth quarter, of which 16 were commercial aircraft and 39 executive jets (26 light and 13 mid-size). In 2021, a total of 141 jets were delivered comprised of 48 commercial aircraft and 93 executive jets (62 light and 31 mid-size).
WestJet and Sunwing have reached a definitive agreement under which the WestJet Group of companies will acquire Sunwing Vacations and Sunwing Airlines. The transaction will bring together two distinctly Canadian travel and tourism success stories to deliver new travel options and greater value for travellers in the rapidly expanding leisure and work-from-anywhere travel markets. The
Deutsche Lufthansa AG (Lufthansa Group) has released its financial report for 2021, seeing considerable improvement in most sectors compared to 2020. In summary, summer capacity on short- and medium-haul routes had virtually returned to 2019 levels, with Easter and summer bookings ahead of pre-crisis levels. Adjusted EBIT before restructuring expenses stood at €-1.8 billion compared
On March 2, ACN Aero Teknik, an Asia Cargo Network subsidiary, signed two Heads of Agreement with local government enterprise Bandarudara Internasional Jawa Barat (BIJB), the owners of Kertajati International Airport, West Java. The first of the agreements lays out plans to establish a Maintenance, Repair, and Overhaul (MRO) facility at Kertajati International Airport. Whilst
