VSE Corporation, a leading provider of aftermarket distribution and maintenance services, has signed a definitive agreement to acquire Kellstrom Aerospace Group from AE Industrial Partners for $200 million.
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Norse Atlantic, a long-haul low-cost carrier based in Norway, has entered into a $20 million bank overdraft facilityagreement with Nordea Bank, one of the leading financial institutions in the Nordic region. The facility comes with a maturity date of 30 April 2026, offering the airline an additional financial cushion amid growth and operational scaling.
Skymark Airlines, a Japanese carrier, has announced its financial performance for the April-September 2024 period, reporting a 4.7% increase in revenue to $354.7 million. Despite this revenue growth, Skymark posted a net loss of $3.8 million, primarily due to foreign exchange losses impacting its financials. The airline’s exposure to currency fluctuations has posed challenges, yet Skymark remains optimistic, with a forecasted final…
India, UAE, And Saudi Arabia Set To Lead Aviation Growth as the global airline industry enters its fourth consecutive year of profitability, supported by resilient demand, lower fuel prices, and sustained economic expansion.
Lanexang Airways has secured $15 million in funding from Lao Development Bank to support its expansion strategy, focusing on developing new flight routes starting from the second half of 2025.
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airBaltic has reported a significant turnaround in Q2 2025, achieving a net profit of EUR 27.6 million compared to a loss of EUR 24.2 million in the same quarter last year. Quarterly revenue rose 4.8% year-on-year to EUR 216.9 million, driven by steady passenger growth and improved operational performance. Adjusted EBITDAR reached EUR 55.2 million, while passenger numbers climbed 8.3% to 2.5 million, and the load factor…
