The first quarter of 2025 saw continued robust passenger growth across both Norwegian and Widerøe, with the Group reporting operational improvements driven by cost-efficiency measures and strategic fleet investments. Norwegian recorded an operating loss (EBIT) of NOK 611 million for the first quarter, a year-on-year improvement of NOK 152 million. The financial result was also
The Emirates Group has published its 2024–25 Annual Report, revealing a stellar financial performance. This year marks a significant milestone in the Group’s history, with both Emirates and dnata achieving record-breaking results across all key financial indicators, including revenue, profit, EBITDA and cash reserves. For the financial year ending March 31, 2025, the Group posted
Dubai Aerospace Enterprise (DAE) has officially completed its acquisition of Nordic Aviation Capital (NAC), including all its consolidated subsidiaries, from NAC Holdings Limited. The deal, which was first announced in January 2025, has an enterprise value of approximately US$2 billion and significantly expands DAE’s global footprint in the aircraft leasing industry. Following the acquisition, DAE’s
Chorus Aviation Inc. has reported strong financial performance for the first quarter of 2025, with net income totalling CA$18.9 million, a significant rise from CA$12.3 million in the same quarter of 2024. Net income from continuing operations also amounted to CA$18.9 million, more than triple the CA$5.4 million reported for Q1 2024. Adjusted Earnings available
SKY Leasing has acquired JetBlue Ventures, the venture capital arm of JetBlue Airways. The deal marks a strategic move aimed at accelerating the growth of JetBlue Ventures by leveraging SKY’s global aviation partnerships, deep industry expertise and access to capital. JetBlue will retain a strategic role, continuing to collaborate with JetBlue Ventures and its portfolio
Avolon Holdings Limited (Avolon), a global aviation finance company, has announced it has raised US$1.0 billion in a new unsecured dual-tranche bank facility (the Facility) with a syndicate of six banks in the Middle East. The facility will comprise a conventional tranche and an Islamic tranche, both with a four-year term. Emirates NBD Capital Limited
VSE Corporation a provider of aviation aftermarket distribution and repair services, has announced the acquisition of Turbine Weld Industries (Turbine Weld), a specialist maintenance, repair, and overhaul (MRO) enterprise focused on complex engine components for business and general aviation (BG&A) platforms. Founded in 1986, Turbine Weld is a leading provider of high-value engine component repairs,
CMA CGM Air Cargo (CMA CGM) has expanded its fleet to nine aircraft by formally taking control of Air Belgium and receiving an additional 777 freighter from Boeing. The company announced on April 30th that it has completed the transfer of Air Belgium’s assets from a liquidator and will continue to operate Air Belgium as
Airbus SE has reported consolidated financial results for its first quarter (Q1) ending March 31st 2025. “Our Q1 results demonstrate the progress we are making on our priorities across the business. We are ramping up production in line with our plan but the delivery profile will be backloaded, reflecting the specific supply chain challenges we
Air France-KLM reported a strong first quarter, with 21.8 million passengers carried—an increase of 4.5% compared to the same period last year. The group saw capacity rise by 3.8% and traffic grow by 3.3%, resulting in a broadly stable load factor of 86.0%. Unit revenue per available seat kilometre (ASK) rose by 3.0% at constant
