Avation announced the repurchase of US$1.94 million in face value of its Senior PIK Toggle Notes due 2026, part of its ongoing efforts to manage liabilities and optimize its capital structure under the company’s global Medium Term Note (MTN) program.
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BermudAir has successfully raised an additional $2 million through a tokenized bond issuance, bringing the total funding raised from this initiative to $3 million since May 2024. The Bermuda-based airline initially garnered $1 million earlier this year, and this latest funding round will bolster BermudAir’s ambitions to expand its fleet and add new routes, positioning it for growth in the…
CTS Engines, a U.S.-based engine maintenance provider specializing in mature engine platforms, has been selected by GE Aerospace as an official offload partner for MRO support of the CF6-80E1 engine, which powers the Airbus A330. The partnership strengthens GE’s global maintenance network and reinforces CTS’s position as a trusted provider for widebody engine services.
Spirit AeroSystems, a leading U.S.-based aerospace manufacturer specializing in aerostructures, has reported a modest 2% increase in revenues for the third quarter of 2024, totaling $1.47 billion. This growth comes amid ongoing challenges in the aerospace sector, highlighting the company’s resilience and demand for its components, especially in commercial aviation. However, Spirit AeroSystems also reported…
AFI KLM E&M, a global leader in aircraft maintenance services, has entered into a comprehensive maintenance agreement with Smartwings (Czechia) for the LEAP-1B engines powering Smartwings’ fleet. This agreement includes Quick Turn Support, enabling timely maintenance solutions that enhance operational efficiency and engine performance.
CAE has announced that its President and CEO, Marc Parent, will be leaving the company at its Annual General Meeting in August 2025. Parent’s departure is part of an ongoing succession plan designed to ensure a smooth leadership transition for the Canadian aerospace and training company. Parent has been a pivotal figure in CAE’s growth and innovation, leading the company through transformative…
EgyptAir Maintenance & Engineering (M&E) is pursuing a strategic joint venture with an undisclosed Middle East-based engine specialist, aligning with the group’s ambitious new five-year strategy. This partnership aims to bolster EgyptAir M&E’s capabilities in engine maintenance, repair, and overhaul (MRO) services while expanding its influence in the Middle East aviation market.
