Financial

Newly-formed investment vehicle Alyssum Group has acquired aviation services company RocketRoute as part of its long-term strategy to transform the entire private aviation industry. Specifically, RocketRoute’s best-in-class technology platforms FlightPlan and MarketPlace – delivering innovative flight-planning, fuel and concierge services – will be integrated into a connected digital marketplace that Alyssum Group, owner of global […]

Mainboard-listed SIA Engineering Company (SIAEC) and GE Aviation (GE) will be signing a joint venture agreement to form an engine overhaul joint venture based in Singapore. This follows the first announcement of the proposed partnership on 20 June 2017. Under the agreement, GE will hold a 51% equity stake in the joint venture, with SIAEC

WestJet has released its fourth quarter and year-end results for 2017, with full-year net earnings of CA$283.6m. compared with net earnings of CA$295.5m reported in the full-year 2016. The airline reported fourth quarter net earnings of CA$48.5m, compared to CA$55.2m reported in the fourth quarter of 2016. Based on the trailing twelve months, the airline

Air Astana posted a profit of US$39.1m in 2017, returning to profitability after its first ever loss in 2016. The airline recorded passenger growth of 12% and revenue growth of 22% in 2017, after negative growth in both 2015 and 2016 following the devaluation of the Kazakh Tenge in mid-2015. The airline carried 4.2 million

Boeing has reported fourth-quarter revenue of US$25.4bn with GAAP earnings per share of US$5.18 and core earnings per share (non-GAAP) of US$4.80 reflecting record deliveries and strong performance, as well as favorable tax reform of US$1.74 per share. Revenue was US$93.4bn for the full year reflecting deliveries mix with GAAP earnings per share of US$13.43

Boeing has reported its investment in Berkeley, Calif.-based Cuberg, a startup founded by former Stanford University researchers developing next-generation battery technology for potential aerospace and industrial applications. Cuberg developed an advanced battery cell that is designed to be a drop-in solution to existing large-scale battery manufacturing processes. It combines a lithium metal anode, proprietary electrolyte

Rockwell Collins has reported sales for the first quarter of fiscal year 2018 of US$2.011bn, a 69% increase from the same period in fiscal year 2017, or 9% organic growth excluding US$716m of revenue from the acquisition of B/E Aerospace. First quarter fiscal year 2018 earnings per share was US$1.69 compared to US$1.10 in the

STS Component Solutions grows its aviation aftermarket portfolio by strategically acquiring UJet Group, an aircraft interior modification and refurbishment company based out of Shannon, Ireland. Through this acquisition, STS Component Solutions will now offer its growing customer base robust aircraft interior refurbishment and parts services under the newly formed brand, STS UJet. STS UJet will

American Airlines has reported a full year 2017 pre-tax profit of US$3.1bn or US$3.8bn excluding net special items, and a full year net profit of US$1.9bn, or US$2.4bn excluding net special items. American reported fourth-quarter 2017 pre-tax profit of US$425m, or US$739m excluding net special items, and a fourth-quarter net profit of US$258m, or US$455m