Bombardier has reported strong financial results for the second quarter of 2022, marked by continued steady demand for new aircraft, strong aftermarket performance, robust free cash flow generation and high backlogs. Bombardier raised its full-year guidance on free cash flow, now expected to be better than the previously communicated target and reaffirmed guidance on aircraft deliveries,
Agility, a supply chain services, infrastructure and innovation company, has finalised its acquisition of UK-based John Menzies PLC and will combine the business with its National Aviation Services (NAS) business to create a world leader in aviation services in 58 countries. Once integrated, the combined company will operate as Menzies Aviation and will be the
Embraer has reported consolidated revenues of US$ 1,018.9 million in the second-quarter of 2022 (2Q22), which represent a decrease of 9.9% y-o-y mostly driven by lower deliveries in Commercial and Defence & Security and partially offset by higher revenues in Services & Support. Commercial Aviation reported revenue reduction of 23% y-o-y of US$299.9 million due
The Lufthansa Group generated an operating profit of €393 million in the second quarter of 2022. In the prior-year period, adjusted EBIT was still clearly negative at €-827 million. Adjusted EBIT margin rose accordingly to 4.6% (prior year: -25.8%). Net income increased significantly to €259 million (prior year: €-756 million). The Group turned over €8.5
Rolls-Royce has reported that the Spanish government has approved the sale of ITP Aero to a consortium of investors led by Bain Capital Private Equity. This follows the approval of all other relevant regulatory authorities. As a result, the completion of the transaction, at an enterprise value of approximately €1.8 billion, is expected in the
Lockheed Martin has doubled its venture capital fund from US$200 million to US$400 million. The company will use the increased funds to continue to accelerate future defence innovation through investment in start-up technology companies. “The success of our venture capital investments to date is a testament to our strategy and allows Lockheed Martin to continue
Rex has reported record-high passenger numbers and revenue across both its domestic and regional networks in the first month of the financial year 2023 (FY2023). On the domestic front, July’s pre-audited base passenger revenue was at AU$13.6 million, almost double that of the monthly average of the prior three months at AU$6.87 million. Load factor
Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has announced its results for the first half of 2022, achieving year-on-year revenue growth of 6% compared to H1 2021 and contributing 35% of Etihad Aviation Group’s operating revenue. In addition to recording an increase in overall revenue, Etihad Cargo maintained a strong delivered
SIA Group has posted a record first-quarter operating profit of $556 million, which was also the second-highest quarterly profit in its history. This came as the demand for air travel rose sharply after Singapore fully opened its borders to vaccinated travellers in April 2022. SIA and Scoot carried 5.1 million passengers during the quarter –
IAG Cargo, the cargo division of IAG (International Airlines Group) has reported its financial results for Q2 2022, with revenues of €411 million for the period from April 1 to June 30, 2022. The Q2 results take IAG Cargo’s half-year revenue to €843 million, up 9.6% on the first half of 2021. IAG Cargo’s Q2
