Tricky first quarter for Spirit Aerosystems
Spirit AeroSystems has booked a $617 million net loss for the first quarter of 2024 on a 19% lift in revenues to $1.703bn. Revenue was driven by higher production activities on commercial programmes a...
Spirit AeroSystems has booked a $617 million net loss for the first quarter of 2024 on a 19% lift in revenues to $1.703bn. Revenue was driven by higher production activities on commercial programmes a...
Alaska Airlines will now give guests the choice to voluntarily reduce the environmental impact of their travel with sustainable aviation fuel (SAF) credits during the booking process. Guests can choos...
Brookfield Asset Management (Brookfield) has acquired a 51% stake in Castlelake’s fee-related earnings. Castlelake is an asset manager specialising in asset-based private credit including aviation and...
High Ridge Aviation has upsized its warehouse credit facility and successfully completed primary syndication with three additional lenders joining three existing lenders. The seven-year debt facili...
Wheels Up Experience has named Dave Harvey as its new chief commercial officer (CCO), leading the company's commercial strategy. Harvey brings 25 years of experience spanning multiple disciplines t...
Finacity Corporation, a White Oak Global Advisors Company, has successfully facilitated a $150 million receivables securitisation program for one of the world's largest air cargo operators. The tra...
Allegiant has revealed a disappointing first quarter result with only a 1% year-on-year (YoY) increase in its total consolidated operating revenue, crawling to $656.4 million. More disappointing still...
The Federal Aviation Administration (FAA) has opened an investigation into Boeing over the aircraft manufacturer's employees allegedly falsifying aircraft records. Boeing had voluntary informed the FA...
Sun Country Airlines has reported a stable 5.9% increase in its total operating revenue at $311.5 million in the first quarter of the year. Though, its net income was down 7.9% to $35.3 million. The a...
Embraer has seen an uplift in its firm order backlog for the first quarter of the year at $21.2bn, up from $17.4bn in the first quarter of last year. It is the highest backlog amount the company has r...
Air Lease Corporation's first quarter adjusted net income before income taxes fell 12.3% year-on-year (YoY) to $146.3 million as its operating expenses jumped 10.5% to $528 million and revenues were u...
Spirit Airlines' disappointing start to the year with the termination of its $3.8bn merger agreement with JetBlue has deepened with its first quarter net loss totalling $142.6 million, with a $1.30 lo...
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