SpiceJet founder and chairman Ajay Singh will inject US$33.8 million into the airline through the conversion of warrants into equity shares. This move will significantly raise his stake, pushing his overall shareholding to more than 33%.
Brazilian aircraft manufacturer Embraer has approved a share buyback program targeting its own issued shares, with plans to acquire up to 1.0 million shares within a 12-month period ending March 2026.
CALC (China Aircraft Leasing Group Holdings Ltd), based in Hong Kong, reported impressive financial results for 2024, demonstrating significant growth with total revenue increasing by 9.2% to US$669.5 million and profit attributable to shareholders rising dramatically by 809% to US$33.1 million.
Aegean Airlines has announced robust financial results for 2024, showcasing a consolidated revenue increase of 5% to $1.93 billion and net income of $141.3 million, underlining sustained growth in passenger demand and robust operational management.
Stratos has delivered an Airbus A330-300P2F on a long-term operating lease to MNG Airlines, a Turkish cargo airline operating worldwide. The aircraft, MSN 1510, was converted into a freighter by EFW in Dresden, marking the second such conversion completed by Stratos at this facility.
Kenya Airways (KQ) has initiated a strategic review of its 41.2% stake in Precision Air (Tanzania), citing negative shareholder equity and the need to align with its broader turnaround strategy. The stake, currently valued at approximately $498 million, is under assessment as KQ seeks to optimize its financial position and restructure its investments.
The Federal Aviation Administration (FAA) will maintain its current 38-aircraft-per-month production cap on the Boeing 737 MAX, citing a “breach of trust” as the reason for delaying any increase. U.S. Transportation Secretary Sean Duffy confirmed the decision, stating that while Boeing is making progress, the agency will not authorize a production ramp-up at this time.
Boeing has announced the appointment of Don Ruhmann as its new Chief Aerospace Safety Officer, with immediate effect. This leadership change underscores the company’s commitment to strengthening safety oversight and operational excellence in the aerospace sector.
MTU Maintenance Zhuhai (China) has entered into a maintenance, repair, and overhaul (MRO) agreement with All Nippon Airways (ANA) (Japan) for the CFM56-7B engines that power its fleet of 47 Boeing 737 Next Generation aircraft. The partnership further strengthens MTU’s presence in the Asian aviation market, reinforcing its expertise in engine MRO services.
SF Airlines (China) has further expanded its dedicated freighter fleet, reaching 90 aircraft with the latest delivery of a B767-300BCF at its Shenzhen base. This milestone solidifies SF Airlines’ position as China’s largest cargo airlineand strengthens its regional and international logistics capabilities.
