Bombardier has announced the resolution of its long-standing lawsuit against Honeywell International (US). Initially filed in 2016 in the Superior Court of Quebec, the dispute has now been settled through an agreement whose terms remain confidential.
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Dubai Aerospace Enterprise (DAE) has reported its full-year 2024 financial results, showing solid revenue growth and increased profitability. The company posted total revenue of $1.42 billion, while profit before tax reached $532.3 million, demonstrating strong financial resilience. As of December 31, 2024, DAE’s available liquidity stood at $3.78 billion, reinforcing its financial stability and investment capacity.
AAR (US) has announced the signing of an exclusive Distribution and License Agreement with BELAC, a subsidiary of Chromalloy (US), for PMA (Parts Manufacturer Approval) high-pressure turbine blades developed for PW4000 engine platforms. This agreement strengthens AAR’s position as a leading distributor of high-performance aftermarket aerospace components.
China Aircraft Leasing Group (CALC), based in Hong Kong, reported its transactions for the third quarter of 2024.
T’way Air, a South Korean low-cost carrier, is at the center of strategic business developments as its shareholder, the Daemyung Sono Group, moves to acquire management rights of the airline. This ambitious step could potentially lead to significant changes in South Korea’s aviation landscape.
Boeing has issued a prospectus for an exchange offer of senior notes worth up to $8 billion. This initiative is part of the company’s financial strategy to manage its outstanding debt obligations and optimize its capital structure.
