Jazeera Airways has returned to profitability for the year 2021 (January – December), a period which continued to be affected by the COVID-19 pandemic and restrictions on travel, reporting a net profit of KD7.1 million (US$23.4m) for the year – up 126.8% from the previous year. The earnings were supported by an increase of 48.2%
Airbus has reported consolidated full year (FY) 2021 financial results. The company reported consolidated revenues increased 4% to € 52.1 billion (2020: € 49.9 billion), mainly reflecting the higher number of commercial aircraft deliveries, partially offset by less favourable foreign exchange rates. A total of 611 commercial aircraft were delivered (2020: 566 aircraft), comprising 50
Bombardier has presented its fourth-quarter and full-year 2021 results and provided 2022 guidance. Bombardier reported increased revenues, a major rise in EBITDA and an increased and more diversified backlog, among other positive indicators. The positive trend is set to continue in 2022. In the fourth quarter, the company had six fewer deliveries for a total
Dubai Aerospace Enterprise (DAE) has reported its financial results for the year ended December 31, 2021. Operating profit for the full year 2021 was US$514.4 million compared to US$584.0 million for the full year 2020. 2021 saw a decrease in lease revenue and an increase in expenses offset by an increase in gain on disposal
Astronics Corporation, a leading provider of advanced technologies for global aerospace, defence and other mission-critical industries, has reported preliminary revenue and bookings for the fourth quarter of 2021. Astronics’ unaudited preliminary revenue in the fourth quarter of 2021 was approximately US$116 million of which approximately US$99 million was from the Aerospace segment and US$17 million
American Airlines has signed a definitive investment agreement with GOL, Brazil’s largest airline, deepening the relationship between the two carriers to create the broadest and most rewarding network in the Americas. The combined networks will provide customers with more than 30 destinations in the US served by American and more than 34 new destinations in
In an effort to avoid its current stake in the former Bombardier C Series programme being diluted by a next round of financing, Quebec has agreed to contribute US$300 million to a combined total of US$1.2 billion in new investment. According to REUTERS news agency Quebec will maintain its 25% minority stake in the A220
The New South Wales (NSW) Government has helped generate more than 2,500 new jobs, providing support that has secured Sydney as the national hub for Rex Airlines. The package is part of the US$250 million “Jobs Plus” programme, offering companies support to establish and expand their footprint in NSW, including payroll tax relief, streamlined planning
Israeli flag-carrying airline El Al has announced it has entered into a non-binding memorandum of understanding (MoU) to purchase its smaller competitor, Arkia. The move comes after El Al was forced to cut down its operations, including trimming its workforce by one-third, cancelling routes and reducing its all-Boeing fleet to 29 from 45 planes as
Spirit AeroSystems revenue in the fourth quarter of 2021 was US$1.1 billion, up 22% from the same period in 2020, primarily due to higher production deliveries of the Boeing 737 and increased revenue from the recently acquired A220 and Bombardier programmes. These increases were partially offset by lower wide-body production rates due to reduced international
