Archer Aviation Secures $301.75 Million to Advance Hybrid Aircraft Development

ByAdmin 13/02/202514/02/2025

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 strengthening its financial position.

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Airlines | Financial

Aeroflot Reports Strong Nine-Month Profit Amid Revenue Growth

ByAdmin 31/10/202403/11/2024

Aeroflot has reported a strong financial performance for the first nine months of 2024, achieving a net profit of 26.3 billion rubles. This profit marks a significant turnaround from a 94.6 billion ruble loss in the same period in 2023. Contributing to this success was a 47.3% rise in revenue to 526.2 billion rubles, fueled…

Airlines | Financial | Quarterly Performance

Global Crossing Airlines 3Q 2024 Revenue Rises 23% to $52.4M

ByAdmin 08/11/202412/11/2024

Global Crossing Airlines (USA) achieved a notable 23% increase in revenue for the third quarter of 2024, totaling $52.4 million. Despite this revenue growth, the airline’s net loss remained flat at $4.9 million, and it held $7.8 million in cash and restricted cash, underscoring its commitment to operational expansion and financial stability.

Airlines | Financial | Low Cost Carrier | Quarterly Performance

Southwest Airlines Raises 4Q 2024 Revenue Guidance

ByAdmin 06/12/202409/12/2024

Southwest Airlines, one of the largest low-cost carriers in the United States, has revised its financial outlook for the fourth quarter of 2024, increasing its guidance for unit revenues. The airline now expects unit revenues to rise between 5.5% and 7%, a significant improvement driven by strong demand and optimized capacity.

Airlines | Financial | Flag Carrier | Fleet

AirJapan to Expand Fleet for International Growth

ByAdmin 22/01/202528/01/2025

AirJapan, a prominent Japanese airline, has announced plans to receive new aircraft during fiscal 2025 to support its ongoing expansion of international operations. This fleet growth will particularly focus on strengthening the airline’s connectivity across Asia, a key market for its strategic growth.

Airlines | Financial | Fleet

Croatia Airlines Forecasts Short-Term Financial Losses Amid Fleet Transition

ByAdmin 05/03/202505/03/2025

Croatia Airlines has warned of negative financial outcomes in the short term, citing challenges associated with its fleet renewal investment cycle. The airline is currently undergoing a major fleet transition, which is expected to improve long-term operational efficiency but will temporarily strain financial performance.

Corporation | Management

Six West Aviation Names Donal Young as Chief Development Officer

ByAdmin 07/01/202509/01/2025

Six West Aviation, an Ireland-based global provider of flight operations and leasing solutions, has appointed Donal Young as its new Chief Development and Strategy Officer. This key leadership position underscores Six West’s commitment to expanding its market presence and driving strategic growth initiatives.

Airlines | Financial

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