Aircastle has announced its financial results for the fiscal first quarter of 2025, revealing a total revenue of $260 million. The company achieved a net income of $49 million, demonstrating continued profitability in its aircraft leasing operations despite ongoing global macroeconomic challenges.
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Delta Air Lines has taken delivery of a new Airbus A330-900, bearing manufacturer serial number 2094, as part of its ongoing long-haul fleet modernization. The aircraft is powered by Rolls-Royce Trent 7000-72 engines, further aligning with the airline’s strategy to operate fuel-efficient, next-generation widebody aircraft.
Crestone Air Partners, Inc. (CAP) has welcomed Alan Kehoe as Vice President of Marketing & Trading. Kehoe brings a wealth of experience in aviation leasing and trading, previously holding prominent roles such as Director of Aircraft and Engine Trading at AerSale, Inc., and Vice President of Origination at Aquila Air Capital. His appointment strengthens Crestone’s…
MTU Aero Engines, Germany’s leading aircraft engine manufacturer, has updated its financial projections, raising its 2025 revenue forecast to between $9.9 and $10.1 billion. The company also released its initial 2030 outlook, anticipating a strong trajectory for growth driven by expanding engine aftermarket services and production ramp-ups.
Silver Airways (US) has announced that it will utilize cash collateral to cover its operating expenses for an initial two-week period. This move comes as the airline works to secure Debtor-in-Possession (DIP) financing, which is essential for stabilizing its financial position and continuing operations.
Fitch Ratings, one of the world’s major credit rating agencies, has affirmed the ‘A-’ Long-Term Issuer Default Ratings (IDRs) for AVIC Innovation Holding, a major Chinese aerospace conglomerate. The ratings apply to both the foreign- and local-currency IDRs and reflect the company’s robust credit profile. The Outlook remains Stable, indicating that Fitch does not expect any immediate changes in…
VSE Corporation, a prominent U.S.-based provider of aftermarket distribution and MRO (maintenance, repair, and overhaul) services, announced a strong performance for the third quarter of 2024. The company reported an 18.3% increase in total revenue, bringing its quarterly earnings to $273.6 million. This growth is attributed to expanded demand in VSE’s aviation, fleet, and federal services segments,…
