Airbus has posted its consolidated financial results for the nine months ended 30 September 2022. Consolidated revenues increased to €38.1 billion (9m 2021: €35.2 billion). A total of 437 commercial aircraft were delivered (9m 2021: 424 aircraft), comprising 34 A220s, 340 A320 family, 21 A330s and 42 A350s. Revenues generated by Airbus’ commercial aircraft activities
In contrast to predictions of a US$347 million profit for the third quarter of the year by analysts surveyed by Refinitiv, Boeing Co. has posted a quarterly loss of US$3.3 billion, appreciably worse than the US$132 million it posted for the same quarter last year. The news has come as even more of a surprise
For the third quarter 2022, Spirit Airlines (Spirit) has reported a net loss of US$36.4 million. Excluding special items, adjusted net income for the third quarter 2022 was US$3.6 million. For the third quarter 2022, Spirit reported a pre-tax loss of US$48.9 million and a pre-tax margin of negative 3.6%. Adjusted pre-tax loss for the
Avolon, the international aircraft leasing company, has posted results for the third quarter of 2022. The company reported net income for the three months to September 30, 2022, of US$141 million and US$227 million for the nine months to September 30, 2022 (excluding the impact of Russia). Avolon recognised US$546 million of lease revenue and
Fraport and Lufthansa have formed a new joint venture called “FraAlliance”. Each company holds a 50% share in the new venture. The two companies intend to use FraAlliance to strengthen their existing cooperation on strategic and operational matters at Frankfurt Airport and thus, plan to deepen their long-standing partnership in relation to enhancing services at
Spirit Airlines (Spirit) has released that its stockholders have approved the merger agreement with JetBlue Airways Corporation (JetBlue). Based on the preliminary voting results provided by the independent inspector of election at the special meeting of stockholders held on October 19, more than 50% of the outstanding shares of Spirit common stock voted in favour
Wencor Group (Wencor), a leading solutions provider to the aerospace aftermarket, defence and OEM markets, has announced the acquisition of Aviatron, Inc. (Aviatron), a certified 145 repair station specialising in pneumatic component repair and maintenance while utilising its unique Designated Engineering Representative (DER) repair and Parts Manufacturer Approval (PMA) capabilities. “We are excited to welcome
Subsequent to obtaining a settlement with debtors in May and shareholder approval after the New York Southern District Court approved LATAM Airlines plans in June to exit Chapter 11 bankruptcy proceedings, the South American Group has confirmed it now has all financing in place to be able to exit these proceedings in the first week
The Brazilian Development Bank (BNDES) has confirmed its approval of R$670 million in financing for the export of six Embraer E175 commercial jets to North America’s SkyWest Airlines (SkyWest). Delivery will take place by the end of this year. The financing will be through BNDES Exim Post-shipment, with disbursements made in reais in Brazil in
American Airlines has released that it made a strategic equity investment in Universal Hydrogen Co., a company building a green hydrogen distribution and logistics network for aviation. The investment supports American’s science-based targets to reduce greenhouse gas (GHG) emissions by 2035, and ultimately its commitment to achieve net-zero GHG emissions by 2050. This investment makes American the
