Daher has entered into a definitive agreement with the Triumph Group for the acquisition of its metallic aerostructures production and assembly business located in Stuart, Florida, USA. The Stuart operation specialises in the assembly of large, complex metallic structures such as wing and fuselage assemblies and has approximately 400 employees. The Stuart business is located
TrueNoord, the specialist regional aircraft lessor, has secured additional support from Citibank, Société Générale Corporate & Investment Banking, Royal Bank of Canada and Farallon Capital Management which brings total committed and available funds to US$250 million. This will be used by TrueNoord to finance business development and expand its portfolio of 50-150-seat class aircraft which
As one of three Latin American carriers which have filed for bankruptcy protection since the outbreak of the COVID-19 pandemic, Aeromexico has received court approval for its restructuring plan. “I could not be more pleased to tell you the plan of reorganization is confirmed,” U.S. Bankruptcy Judge Shelley Chapman commented after the agreement to pay
Ryanair has released that Q3 scheduled revenues increased 345% to €0.79 billion as traffic recovered strongly from 8.1 million to 31.1 million guests (at an 84% load factor). Despite a strong start to Q3, especially the school’s mid-term break in October, the Omicron-variant and return of travel restrictions in early December, significantly damaged (higher yielding)
Alaska Air Group has reported another quarter of improvement in its financial results for the fourth quarter and full year ended December 31, 2021. The Group reported net income for the fourth quarter and full year 2021 under Generally Accepted Accounting Principles (GAAP) of US$18 million and US$478 million respectively. These results compare to a
JetBlue Airways Corporation has reported its results for the fourth quarter of 2021: the company reported GAAP loss per share of ($0.40) in the fourth quarter of 2021 compared to diluted earnings per share of $0.56 in the fourth quarter of 2019. Adjusted loss per share was ($0.36) in the fourth quarter of 2021 versus
Having only just finished weathering the 737 MAX storm which cost Boeing Co. an estimated US$21 billion in documented costs plus the cancellation of over 1,000 orders, the North American planemaker has been hit a further financial blow, this time relating to its 787 Dreamliner and continued quality control issues. Having delivered only 21 of
Hawaiian Holding, the parent company of Hawaiian Airlines, has reported its financial results for the fourth-quarter and full-year 2021. The company reported total revenue of US$494.7 million for the fourth quarter, down 30% compared to the fourth quarter of 2019, on 19% lower capacity. Hawaiian Holdings reported total operating expenses of US$566.1 million and adjusted operating
IBC Advanced Alloys, one of the leading beryllium and copper advanced alloys companies, has announced that it has completed payments on its US$1.7 million (£1.26 million) mortgage term-loan on its copper alloys manufacturing facility in Franklin, Ind. Paying off this mortgage is part of IBC’s primary corporate strategy of reducing its debt burden. “I am very pleased
American Airlines Group has reported its fourth-quarter and full-year 2021 financial results, including: fourth-quarter revenue of US$9.4 billion, down 17% versus the same period in 2019 on a 13% reduction in total available seat miles (ASMs) versus the same period in 2019. The Group reported fourth-quarter net loss of US$931 million, excluding net special items,
