The Air France-KLM Group has reported a positive net income for the full year 2022. Net income amounted to €728 million for the full year 2022, an increase of €4,020 million compared to last year. Revenue for the full year 2022 was up 84.4% compared to the previous year, a record level in the Group’s
Airbus has reported that consolidated revenues increased 13% to €58.8 billion (2021: €52.1 billion). A total of 661 commercial aircraft were delivered (2021: 611 aircraft), comprising 53 A220s, 516 A320 family, 32 A330sand 60 A350s. Revenues generated by Airbus’ commercial aircraft activities increased 15% year-on-year, mainly reflecting the higher deliveries and the strengthening of the
Canada Jetlines Operations (Canada Jetlines), the new, all-Canadian, leisure airline, has entered into a non-convertible term loan agreement for a CA$1,500,000 (£926 million) loan from Roosheila Group Inc. (the lender). The lender is a holding company for Reg Christian, a director of the company and travel industry veteran. The loan will be advanced in a
Spirit AeroSystems’ revenue in the fourth quarter of 2022 was US$1.3 billion, up 23% from the same period of 2021. This increase was primarily due to higher production deliveries on the Boeing 737 programme as well as increased defence and space revenue. Overall deliveries increased to 343 shipsets during the fourth quarter of 2022 compared
As China’s reopening takes to the skies China made headlines again in the last week with the shooting down of a spy balloon over the U.S and subsequently at several other sightings in different parts of the world. For the aviation industry however, soaring jet fuel demand data will be vital to understanding if China’s
Wencor Group, a leading solutions provider to the aerospace and defence markets, has announced the acquisition of Aero-Glen International, LLC. “We are excited to welcome Aero-Glen International and its talented team of employees to Wencor. This acquisition is an excellent fit that accelerates our strategy to provide best-in-class distribution and value-added services to both the
Jazeera Airways (Jazeera) has announced record net profits of US$65.7 million (KD20.1 million) for the 2022 full year, an increase of 183.6% over 2021. Operating revenues for 2022 increased to US$595.4 million (KD182.116 million), up 126.5%, and operating profit increased by 148.4% to US$87.6 million (KD26.8 million). With the resumption of operations at the Kuwait
For the fourth quarter 2022, Spirit Airlines (Spirit) reported a net loss of US$270.7 million, excluding special items. Adjusted net income for the fourth quarter 2022 was US$12.6 million. Spirit reported a pre-tax loss of US$340.3 million and a pre-tax margin of negative 24.5%. Adjusted pre-tax income for the fourth quarter was US$23.0 million and
StandardAero has acquired Western Jet Aviation, an independently owned business jet maintenance company that specialises in Gulfstream aircraft, located at the Van Nuys, California airport – one of the busiest business aviation airports in the world, with an additional facility located at the Miami-Opa Locka, Florida Executive Airport. Western Jet Aviation represents StandardAero’s 12th acquisition
Five days after UK regional carrier Flybe filed for bankruptcy, Norwegian domestic carrier Flyr has been forced to go down the same route after failing to raise only half of the needed cash to see it through the winter season and enable it to prepare for spring demand. “There is no longer a realistic opportunity
