Six West Aviation (Ireland) has announced the acquisition of Kleos Aero (Ireland), a specialist in flight planning, trip management, and concierge services. This move strengthens Six West’s operational capabilities and enhances its ability to provide comprehensive aviation support services globally.
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Setna, a prominent player in the U.S. asset management sector, has announced the appointment of Andrew Storch as its new Vice President of Asset Management. This strategic hire is part of Setna’s ongoing efforts to enhance its operational capabilities and drive growth in its asset management division.
Boeing has reported a significant narrowing of its second quarter 2025 losses, driven by increased aircraft deliveries and progress on its recovery plan. The U.S. aerospace giant posted a net loss of $612 million, a marked improvement from the $1.1 billion loss recorded in the same quarter of 2024. The company’s revenues surged 35% to $22.7 billion, while operating losses were…
In September 2024, China Southern Airlines continued to expand and optimize its fleet with the addition of four new aircraft.
Dubai Aerospace Enterprise (DAE) has reported its full-year 2024 financial results, showing solid revenue growth and increased profitability. The company posted total revenue of $1.42 billion, while profit before tax reached $532.3 million, demonstrating strong financial resilience. As of December 31, 2024, DAE’s available liquidity stood at $3.78 billion, reinforcing its financial stability and investment capacity.
Spirit AeroSystems Holdings, Inc., a major supplier of aerostructures for commercial and defense aircraft, has announced its financial results for the fourth quarter of 2024. The company reported revenues of $1.7 billion, an operating loss of $577 million, and a net loss of $631 million, reflecting continued financial pressures despite an increase in production output.
Spirit Airlines (US) has received court approval to sell five of the 23 aircraft it has deemed surplus to requirements to GA Telesis (US). The agreement is part of a broader deal that could generate $518.9 million for the airline if all the aircraft are sold.
