Atlas Air Worldwide, a leading global provider of outsourced aircraft and aviation operating services, has reported that its shareholders voted to approve the company’s pending acquisition by an investor group led by funds managed by affiliates of Apollo Global Management together with investment affiliates of J.F. Lehman & Company and Hill City Capital at its
Hawaiian Holdings, parent company of Hawaiian Airlines, has reported its financial results for the third quarter of 2022. The company reported GAAP net loss of US$9.3 million and adjusted net loss of US$7.7 million. EBITDA of US$46.8 million and adjusted EBITDA of US$47.9 million. The company is seeing strong demand throughout its domestic network and a solid recovery in its
Lilium, developer of the all-electric vertical take-off and landing (eVTOL) Lilium Jet, has announced the successful closing of a US$119 million (£100 million) capital raise from existing shareholders, new investors and strategic partners. Participants include Honeywell and Aciturri as well as LGT and its affiliated impact investor Lightrock, Tencent, B. Riley Securities and certain affiliates
In the presentation to shareholders at its Annual General Meeting, Regional Express (Rex) will reveal that its unaudited management accounts for October have reported a profit before tax for the domestic jet operations of about AU$2 million, following the marginal profitability reported for the month of September which was the first time that the jet
Aergo Capital (Aergo) has announced the company’s acquisition of Dublin, Ireland-based Seraph Aviation Management Limited (Seraph Aviation) for an undisclosed sum. The deal will see Aergo take over the management and administration of 88 aviation assets spread across 38 unique lessees with a combined asset value of US$2.5 billion. This will see the total number
Continued strength in travel demand has resulted in the Qantas Group upgrading its profit expectations for the first half of full-year 2023 (FY23). The Group now expects an Underlying Profit Before Tax of between AU$1.35 billion and AU$1.45 billion. This represents a AU$150 million increase to the profit range given in early October 2022. Fuel
Dubai Aerospace Enterprise (DAE) completed the previously announced acquisition of SKY Fund I Irish, Ltd and its subsidiaries (SKY Fund I) on Friday, November 18, 2022. Sky Fund I owns and is committed to owning 36 aircraft on lease to 14 airline customers in 11 countries. Next-generation-technology aircraft represent more than 90% of the acquired
Airbus is to invests in Carbon Engineering, a Canadian-based climate solutions company, operating the largest Direct Air Carbon Capture (DACC) Research & Development facility in the world. The investment will contribute to funding part of Carbon Engineering’s advanced direct air capture R&D technologies at the company’s Innovation Centre in Squamish, B.C., Canada. DACC is a
Israel Aerospace Industries (IAI) has published its financial statements for the first nine months and third quarter of 2022 (all the following figures are approximate). The company reported a 54% increase in net income in the first nine months of 2022 to US$202 million compared with US$131 million in the corresponding period of 2021. Net
United Airlines has announced that it is to invest up to US$37.5 million (£32 million) in a biofuel refinery which will be capable of producing up to 50,000 barrels of sustainable aviation fuel (SAF), renewable diesel and other renewable fuels per day. Currently, the NEXT Renewable Fuels (NEXT) refinery, located in Port Westward, Oregon is
