Avolon’s Strong Q3 2024 Performance with Increased Lease Revenue and Strategic Fleet Expansion

ByAdmin 30/10/202401/11/2024

Avolon Holdings Limited reported robust third-quarter 2024 financials, with lease revenue reaching $773 million, a testament to strong operational performance and increased demand for aircraft leasing. This quarterly revenue signifies a 5% year-over-year increase, driven by Avolon’s ongoing expansion of its high-utilization fleet. The company also recorded a net income growth for the period, reflecting strategic fleet management and effective risk mitigation despite challenges in the global aviation market.

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Corporation | Delivery | Financial

Boeing Delivers 13 Jets in November 2024 Amid Order Cancellations

ByAdmin 12/12/202413/12/2024

Boeing reported delivering only 13 commercial jets in November 2024, marking a stark decrease compared to the 56 jets handed over in the same month the previous year. The drop highlights ongoing production and operational challenges faced by the aerospace giant.

Airbus | Corporation | Management

Airbus Confirms Leadership Changes for CEO and Commercial Aircraft

ByAdmin 30/10/202401/11/2024

Airbus has announced key leadership changes, beginning with the renewal of Guillaume Faury’s role as CEO and a continued position on the Executive Board. Additionally, Airbus confirmed that Lars Wagner, currently CEO of MTU Aero Engines, will transition to the Airbus Executive Committee, taking over as CEO of the Commercial Aircraft division. Wagner will replace…

SpiceJet Receives B737-800 on Wet Lease

ByAdmin 26/11/202428/11/2024

SpiceJet (India) has added a Boeing 737-800, identified by serial number 38018, to its fleet under a wet leasearrangement with Smartwings (Czechia). The aircraft is powered by CFM56-7B26 engines, known for their reliability and efficiency.

Airlines | Corporation | Management | MRO

Aero Norway Appoints Kenneth Johnston as LEAP Program Manager

ByAdmin 16/10/2024

Aero Norway, a leading independent engine MRO provider, has appointed Kenneth Johnston as the new LEAP Program Manager.

Airbus | Corporation | Credit

Spirit AeroSystems Secures $107M Line of Credit from Airbus

ByAdmin 13/11/202414/11/2024

Spirit AeroSystems, based in the United States, has announced the signing of a Second Amended and Restated Memorandum of Agreement with Airbus. Under this revised agreement, Airbus will extend a $107 million non-interest-bearing line of credit to Spirit AeroSystems, aimed at enhancing Spirit’s operational flexibility and supporting its production commitments. This financial arrangement underscores the close partnership between Airbus and…

Corporation | Financial

TUI Group Reports 12% Revenue Growth for 2024

ByAdmin 12/12/202413/12/2024

TUI Group (Germany), a global leader in tourism and travel, has reported a strong financial performance for 2024. The company’s revenue grew by 12% to reach $24.4 billion, underscoring its recovery and growth momentum in the post-pandemic travel industry. The group also recorded an Underlying EBIT of $1.3 billion, reflecting its strategic focus on operational efficiency and market expansion.

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