FL Technics, a Lithuanian-based MRO provider, has announced the appointment of Donatas Dockus as the new CEO of Wright International, its Canadian subsidiary. The leadership change is part of FL Technics’ strategic expansion into the North American aviation market, reinforcing its global presence in the aircraft maintenance, repair, and overhaul (MRO) industry.
BOC Aviation, a leading Singapore-based global aircraft leasing company, has announced the appointment of Wen Lanas its new Chief Financial Officer (CFO), effective March 1, 2025. She succeeds Wu Jianguang, who is retiring after a tenure overseeing the company’s financial operations.
Crestone Air Partners, a U.S.-based aircraft asset management and leasing firm, has expanded its executive leadership team with the appointment of Jason Greenberg as Chief Legal Officer and General Counsel and Bernadette Ryan as Vice President of Contracts. These additions strengthen the company’s legal framework and contractual operations, reinforcing its commitment to structured growth and operational excellence.
Spirit AeroSystems Holdings, Inc., a major supplier of aerostructures for commercial and defense aircraft, has announced its financial results for the fourth quarter of 2024. The company reported revenues of $1.7 billion, an operating loss of $577 million, and a net loss of $631 million, reflecting continued financial pressures despite an increase in production output.
International Airlines Group (IAG) has announced the launch of the first tranche of its $1 billion share buyback program, starting with an initial $522 million repurchase. This move follows IAG’s strong financial performance and demonstrates the group’s confidence in its profitability and long-term growth strategy.
Asia Aviation Public Company Limited (AAV), the sole shareholder of Thai AirAsia (TAA), has announced its financial results for the fourth quarter and full year ending December 31, 2024. The company experienced a notable decline in net profit during the fourth quarter, contrasting with significant profit growth over the entire year.
In a strategic move to bolster transparency and rebuild investor trust, Capital A Berhad, the parent company of AirAsia, has declared its intention to publish internal business targets in conjunction with its quarterly financial disclosures. This decision reflects the company’s commitment to providing stakeholders with a clearer understanding of its financial trajectory and operational objectives.
Boeing has announced that Chief Aerospace Safety Officer Mike Delaney will retire later this year, concluding a distinguished career spanning nearly 40 years with the aerospace giant. The company plans to appoint a successor in the coming weeks to ensure a seamless transition in this critical role.
Airbus is set to finalize a deal to take over certain European operations of Spirit AeroSystems, according to Airbus CFO Thomas Toepfer. The move is part of Airbus’ strategic expansion and supply chain stabilization, ensuring greater control over key component manufacturing.
Nordic Aviation Capital (NAC), the leading regional aircraft lessor based in Ireland, has finalized its acquisition by Dubai Aerospace Enterprise (DAE) following shareholder approval. This strategic acquisition was first announced last month and has now been officially ratified, marking a significant expansion for DAE into the regional aircraft leasing market.
