Mesa Air Group has released its financial results for the third quarter of fiscal 2024, reporting total operating revenues of $110.8 million.
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AAR, a US-based aviation services provider, has signed a multi-year agreement with Chromalloy to distribute Parts Manufacturer Approval (PMA) parts for the CF6-80C2 engine. This partnership covers the high pressure turbine Stage 1 and Stage 2 turbine blades, components critical to engine efficiency and durability. The agreement aligns with AAR’s strategy to expand its parts distribution network, providing airlines and maintenance providers with…
T’way Air Co., Ltd., a prominent South Korean low-cost carrier, has announced its financial results for the year ending December 31, 2024. The airline reported sales totaling $1.0 billion, a 13.9% increase compared to the previous year. However, the company also recorded a net loss of $41.5 million, underscoring the persistent challenges faced by the aviation industry amid fluctuating…
Norway has sold its entire 6.37% stake in Norwegian, a move involving around 65.5 million shares. This decision represents a major step in the Norwegian government’s efforts to reduce its exposure to commercial airline investments and reflects broader shifts in its aviation policy.
airBaltic (Latvia) will be able to evaluate the refinancing of its $397 million bond debt starting in May 2026, as the airline seeks to optimize its financial structure and reduce borrowing costs.
Spirit AeroSystems Holdings, a leading U.S.-based manufacturer in the aerospace sector, has announced a purchase agreement to sell its subsidiary Fiber Materials to Tex-Tech Industries. The deal is valued at $165 million in cash, subject to customary adjustments.
Dubai Aerospace Enterprise (DAE), based in the UAE, has announced cash proceeds of approximately US$201 millionfrom settlements with selected insurance companies. The settlements relate to aircraft previously leased to airline carriers in Russia.
