Airbus has released its fiscal 2024 financial results, showcasing a 6% revenue increase to $72.2 billion. The company achieved a net income of $4.4 billion and a free cash flow before customer financing of $4.6 billion, reinforcing its financial stability and strong cash flow generation.
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Delta Air Lines has recently taken delivery of a new Airbus A321neo, serial number 12063, powered by Pratt & Whitney PW1133G-JM engines. This addition aligns with Delta’s ongoing fleet modernization strategy, enhancing its efficiency and sustainability on high-frequency domestic routes. The A321neo offers a substantial reduction in fuel consumption, delivering up to 20% more fuel…
BOC Aviation (Singapore) has released details of its transactions for the fourth quarter of 2023 and its projections for 2024, highlighting strong growth and activity across its operations.
GOL Linhas Aéreas Inteligentes (GOL), a major Brazilian airline, reported an improvement in its 3Q 2024 financial results with a net loss reduction of 36.2%, bringing the loss to $144 million. This improvement is accompanied by a 6.3% increase in net revenue, totaling $861 million for the quarter. GOL’s total cash holdings at the end of 3Q 2024 were reported at $329 million, indicating solid liquidity…
Aero Engine Solutions (US) has announced the formation of two dedicated leasing entities, AES Engine Leasing and AVEN Engine Solutions, marking a significant expansion in its aircraft and engine leasing portfolio.
STS Aviation Group, a U.S.-based provider of MRO, staffing, and engineering services, has announced a leadership change within its technical division. Chuck Harrison has been promoted to President of STS Technical Services, the company’s staffing and workforce solutions unit.
China Southern Airlines, one of the largest carriers in Asia, has disclosed its financial results for 2024, highlighting a net loss of US$244 million. Despite the loss, the airline saw a notable increase in revenue, which grew by 8.9% to $23.9 billion.
