Aircraft trading firm Jetcraft has announced a deal for its Jetcraft Commercial wing to buy 25 Bombardier CRJ-200 aircraft frames. Jetcraft said it would place ten of the airframes, with separately so...
Vertical Aerospace has reported a net operating loss of £23 million for the first quarter of 2023. The loss was a widening of the £18 million in Q1 2022 and reflected "investments in the advancement o...
Despite a net loss of around $113 million, electric aircraft developer Joby Aviation said it continued at the end of the first quarter of 2023 (Q1 2023) "to maintain a strong balance sheet with $978 m...
Spirit Aerosystems reported first quarter 2023 revenue of $1.4bn, up 22% year-on-year and "primarily due to higher production deliveries on the Boeing 737 program and increased defence and space reven...
Bristow Group reported revenues of $302 million for the quarter ended March 31 2023, down 11.6 million quarter-0n-quarter. The company, which "primarily provides aviation services to a broad base of o...
ZestIoT, an India-based IoT and AI powered aviation platform has secured $6.5 million in series A funding, led by IvyCap Ventures Pvt Ltd. The round also saw participation from Loyal VC, a global vent...
Airbus delivered 27 commercial aircraft delivered in the first quarter of 2023 (Q1 2023), contributing to reported revenue of €11.8bn and €800 million in earnings (EBIT adjusted). Consolidated net inc...
Jazeera Airways recorded a net profit of $7.48 million in Q1 of 2023 as compared to KD3.8 million in Q1 of 2022. Total revenue for the quarter reached KD48.3 million, up 35.2%, while operating profit ...
Lilium, German eVTOL company secured $100 million in what it expects will be $250 million in new funding. “Capital raise for up to $250 million, with $100 million funded at close of the trading day,” ...
Korean Air’s Q1 net profit fell 35% from 543.85 billion in Q1 of 2022 to 355.42 billion won. The airline released its financial statement for Q1 of 2023 (January – March 2023). The airline also repor...
Fitch Ratings has downgraded Western Global Airlines’ (WGA) Long-Term Issuer Default Rating (IDR) to 'CCC-' from 'B-'. Fitch has also removed the IDR from Rating Watch Negative. Fitch has downgraded W...
Go First that filed for voluntary insolvency proceedings reportedly owes $798 million to financial creditors. In a recent filing the airline claimed that it had not defaulted on any of these dues till...
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