United Airlines (UAL) has reported its fourth-quarter and full-year 2021 financial results and reiterated confidence in its longer-term United Next financial targets. The company achieved every major financial guidance target for the fourth quarter – and set a new Net Promoter Score (NPS) record in 2021 – despite the sharp spike in COVID-19 cases caused
For the fourth quarter 2021 Delta reported adjusted pre-tax income of US$170 million, excluding a net impact of US$564 million primarily in equity method losses, mark-to-market adjustments on investments and special profit-sharing payment. Adjusted operating revenue of US$8.4 billion, which excluded third-party refinery sales, was 74% recovered versus December quarter 2019 on capacity that was
Spain-based Aernnova Aerospace (Aernnova), an international reference company in the supply of aerostructures, has agreed to purchase Embraer’s Portugal-based subsidiaries Embraer Metálicas and Embraer Compósitos industrial units located on the Évora Aeronautical Industry Park for US$172 million (£125.5 million), subject to adjustments on the closing date. The two enterprises, which extend over 37,100 and 31,800
Jet Edge International, the Ohio-based private aviation company, has raised an additional US$75 million of funding from credit funds and accounts managed by KKR. The new funding expands KKR’s total credit and equity investments in Jet Edge to approximately US$265 million over the past year. Following the initial US$150 million credit facility announced in June
Heston MRO, an independent MRO organization, has signed a purchase agreement for the acquisition of the Cairns MRO facility from Jet Aviation. Upon completion, the new acquisition will expand Heston MRO capabilities into full heavy maintenance for regional aircraft, as well as state-of-the-art avionic repair shops for a wider range of aircraft types. Established more than 20 years ago and expanded significantly in 2018, the Cairns
Air Lease Corporation has announced the pricing of its public offering of US$750.0 million aggregate principal amount of 2.20% senior unsecured medium-term notes due January 15, 2027 (the 2027 notes) and US$750.0 million aggregate principal amount of 2.875% senior unsecured medium-term notes due January 15, 2032 (the 2032 notes and, together with the 2027 notes,
StandardAero has signed a definitive agreement to purchase boutique asset management company PTS Aviation, a worldwide supplier of serviceable aircraft engines, engine components and engine inventory. Founded in 1995, PTS has more than 150 years of combined aviation management experience and significant expertise buying, leasing and selling engines, modules and used serviceable material (USM). PTS
Caeli Nova, innovating at the intersection of aviation and healthcare, has successfully closed its Series A round of financing. This latest round of investment will allow the breathing technology developer to take greater strides in enhancing its technology and to bring its first products to the market. Cordillera, Caeli Nova’s launch product, is an advanced
Leonardo has completed the acquisition of 25.1% of the shares in HENSOLDT AG (HENSOLDT), a leading German player in the field of sensors for defence and security applications, with an expanding portfolio in sensors, data management and robotics, for a cash consideration of €606 million (£505 million). This transaction is a step forward in helping
Rolls-Royce has completed the sale of its Bergen Engines business to Langley Holdings for an enterprise value of €63 million. The completion of the transaction, which was announced on August 3, 2021, follows the conclusion of work to separate the business from the group. Sale proceeds of €91 million from the transaction, together with €16
