ABL Aviation has closed a landmark €170 million financing agreement with Swissport International AG to support Swissport’s transition to electric ground support equipment (eGSE).
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Azul (Brazil) reported strong revenue growth in the fourth quarter of 2024, with total operating revenue increasing 10.2% to $966 million. However, the airline faced significant financial challenges, posting a net loss of $689.2 million in the quarter.
StandardAero (US) has announced its 2024 financial results, reporting $5.2 billion in total revenue, marking a 14.8% year-on-year increase. The company’s Q4 2024 revenue surged by 21.8% to $1.4 billion, reflecting strong growth in its maintenance, repair, and overhaul (MRO) business. Despite the revenue gains, StandardAero posted a Q4 net loss of $14.1 million, attributed to operational costs and investment adjustments, while for…
TAP Air Portugal has announced its financial results for 2024, highlighting a net income of $58.0 million. This performance marks a stable year for the airline, with a modest increase in operating revenues of 0.7%, totaling $4.5 billion.
Aerolíneas Argentinas has reported a loss of $326 million during the first quarter of 2024, despite achieving a total income of $1.64 billion. The financial results highlight the challenges the airline continues to face in a volatile global aviation market.
Istanbul Airport, Türkiye’s largest aviation hub, has implemented simultaneous triple independent runway operations, making it one of the few airports globally capable of handling three aircraft taking off or landing at the same time. This advancement significantly enhances the airport’s operational capacity and efficiency, positioning it among the elite tier of global mega-hubs.
Air Incheon (South Korea) has nearly finalized the financing required to acquire Asiana Cargo (South Korea). This critical funding milestone involved the participation of approximately ten companies and saw Hyundai Glovis (South Korea) spearhead the effort by raising a total of US$434 million.
