Despite recording a lower than potential 2024 first-quarter net loss of $355 million (compared to $388 million last year) and an increased Q1 order backlog of $448bn, Boeing remains confident that imp...
Speaking at the Airline Economics’ Growth Frontiers conference in Riyadh, president of the Saudi General Authority of Civil Aviation (GACA) Abdulaziz Al-Duialej highlighted how private-public investme...
Pratt & Whitney (P&W) reported Q1 2024 sales of $6.456bn, up 23% year-on-year, as the GTF engine manufacturer continues to address manufacturing issues with its PW1100G GTF (geared turbofan) powerplan...
Jeffrey Knittel is retiring as chairman and chief executive officer of Airbus Americas from June 3, 2024, after serving the position since 2018. Though, he will remain at Airbus through a transition p...
Pegasus Airlines has closed an aircraft non-payment insurance (NPI)-backed financing with Itasca MGA for three A321neo aircraft. The first A321neo delivered to Pegasus and covered by the Itasca MGA...
Members of Airbus Canada Internationale Association of Machinist and Aerospace Workers (IAMAW) Local Lodge 712 have rejected a ‘proposed tentative agreement’, the third offer to be rejected in a serie...
Global Jet Capital has closed its BJETS 2024-1 asset based securitisation (ABS), raising approximately $575 million. BJETS 2024-1 is Global Jet Capital’s seventh ABS, bringing total assets securitised...
Spirit Airlines has provided update to its guidance for the first quarter of the year, with its total revenue now being estimated to be approximately $1.265bn. Its previous guidance for total revenue ...
Germain airline Lufthansa has extended the suspension of its flights to Iran's capital Tehran as the situation in the Middle East continues to remain unstable, with Iran suspected to retaliate after a...
Global aviation asset management and investment firm AIP Capital has announced the formation of full-service aircraft lessor Phoenix Aviation Capital, with approximately $11bn of assets under its mana...
Spirit Airlines has deferred all of its aircraft on order with Airbus that were scheduled to be delivered from the second quarter of 2025 through to the end of 2026, and adjusts the delivery periods o...
Boeing has paid Alaska Airlines approximately $160 million in compensation during the first quarter of 2024, revealed in a stock filing by the airline. ""As a result of the flight 1282 accident and...
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