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...
Aircraft Engine Lease Finance (AELF) has completed a $40 million credit facility with Merchants Bank. “Merchants Bank has become a great partner to us over the last six years,” said Joe Cirillo, C...
Textron Aviation has opened the doors to its newest and largest parts distribution facility based at its headquarters in Wichita, Kansas. The company said that, with the additional 180,000 square feet...
Sim-U-Tech has signed a purchase agreement to acquire an A320 level D full flight simulator from Avion. The signing ceremony took place at the World Aviation Training Summit (WATS) in Orlando. ""Th...
Boeing has issued Alaska Air Group with $61 million in supplier credit memos to address the financial damages the airline suffered as a consequence of Flight 1282 in January. Alaska Air Group can use ...
Air Canada's shares fell over 8% on May 2, 2024, after it posted a net loss of CA$81 million ($59.3 million) in the first quarter of the year, a sharp fall from its net profit of CA$4 million ($2.9 mi...
Aviation Capital Group (ACG) has promoted Rob Downes to senior vice president and chief investment officer and John Nally to vice president, head of aircraft trading. Downes will help design and im...
Total passenger demand, measured in revenue passenger kilometres (RPKs), was up 13.8% in March 2024 year-on-year (YoY). Total capacity, measured in available seat kilometres (ASKs), was up 12.3% (YoY)...
Pratt & Whitney Canada and TAAG Angola Airlines have signed a six-year fleet management program agreement. The engine maintenance services cover the airline's PW150A engines which power its fleet of D...
Texas-based maintenance, repair, and overhaul (MRO) company Jets MRO has entered a strategic partnership with Aircraft Custom Interiors (ACI). This partnership aims to ""elevate the standards of co...
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