Archer Aviation, a U.S.-based aerospace company specializing in electric vertical takeoff and landing (eVTOL) aircraft, has announced the successful raise of $301.75 million in equity capital. This funding round saw participation from leading institutional investors, notably funds and accounts managed by BlackRock. The infusion of capital brings Archer’s total liquidity to approximately $1 billion, further…
Southwest Airlines has announced that board members Eduardo F. Conrado and Elaine Mendoza will step down in April 2025, finalizing a board restructuring that began in 2024.
Air Peace, a leading Nigerian airline, has announced the suspension of its flights from Lagos to Johannesburg, South Africa, and Lomé, Togo, effective late February 2025. The final flight to Johannesburg is scheduled for February 23, 2025, while the last service to Lomé will be on February 24, 2025. These routes are currently operated using Embraer E195-E2 and Embraer ERJ145 aircraft.
The Association of Asia Pacific Airlines (AAPA) has announced that Air New Zealand has joined the organization, becoming its 18th member. This move strengthens Air New Zealand’s engagement with other leading carriers in the Asia Pacific region.
ST Engineering‘s Commercial Aerospace division has announced the acquisition of Maintenance, Repair, and Overhaul (MRO) contracts for CFM56-7B and LEAP-1A engines from two prominent Middle Eastern airlines.
FL Technics, a globally recognized provider of aviation maintenance, repair, and overhaul (MRO) solutions, has initiated fleet support for a new client, Fly Vaayu of the United Arab Emirates. This partnership involves providing comprehensive maintenance services for Fly Vaayu’s Airbus A320 Passenger-to-Freighter (P2F) aircraft.
Frontier Airlines has outlined its 2025 aircraft delivery schedule, with plans to receive a total of 21 Airbus aircraftthroughout the year. This includes 13 A321neos and 8 A320neos, all financed through Sale&Leaseback agreements. The airline’s revised delivery schedule is as follows:
Air New Zealand has expanded its fleet by leasing three Boeing 777s to address capacity challenges caused by engine constraints. These aircraft will help maintain operational efficiency and meet passenger demand.
Sun Country Airlines has announced a secondary public offering of 6,346,105 shares of its common stock, sold by an affiliate of Apollo Global Management. This offering represents all remaining shares held by the selling stockholder, marking Apollo’s full exit from its investment in the airline.
Skymark Airlines reported a 25.8% decline in net income for the nine-month period ending December 2024, despite a 4.5% increase in operating revenues. The airline attributed the drop in profitability to rising operational costs, including higher fuel expenses, increased labor costs, and adjustments to fleet operations.
