Eviation (US), the developer of the all-electric Alice aircraft, has reportedly laid off most of its workforce as it seeks new funding sources to continue operations. The move highlights ongoing financial difficulties for the company as it attempts to navigate challenges in the electric aviation sector.
SMBC Aero Engine Lease (Netherlands) has successfully delivered its fifth aircraft engine to Aeromexico, completing a sale & leaseback transaction for a GEnx-1B76A engine on November 29, 2024. This latest deal strengthens the ongoing partnership between SMBC Aero Engine Lease and Aeromexico, supporting the airline’s fleet modernization and operational efficiency.
Renegade Air (Kenya) has expanded its fleet with the delivery of its first ATR42-500, marking a significant step in its regional growth strategy. The aircraft, acquired from Abelo (Ireland), will support the airline’s expanding network across Kenya and East Africa.
ATR, the world’s leading regional turboprop manufacturer, has announced its 2024 full-year financial and operational results, highlighting a 40% increase in aircraft orders, totaling 56 new aircraft. The company achieved a book-to-bill ratio well above 1, reinforcing its strong market position in regional aviation.
Altavair, a leading global aviation asset manager, has announced the successful delivery of a Boeing 777-300ER to Ethiopian Airlines, achieved through a strategic partnership with Boeing and Marathon Asset Management. In this transaction, Altavair served as the arranger, structurer, and servicer, while Marathon Asset Management provided the capital, and Ethiopian Airlines took on the role…
Copa Holdings, a leading Latin American airline group, has released its financial results for the fourth quarter and full year of 2024.
Island Aviation Services, the national airline of the Maldives operating under the brand Maldivian, has been granted the EASA Part 145 approval certificate. This certification authorizes the airline to conduct maintenance, repair, and overhaul (MRO) services in accordance with the stringent standards set by the European Union Aviation Safety Agency (EASA).
Indaer Europe has officially received Continuing Airworthiness Management Organization (CAMO) approval from the Civil Aviation Authority of the Cayman Islands (CAACI). This certification allows Indaer Europe to oversee airworthiness management services for aircraft registered under the Cayman Islands registry, further expanding its global regulatory approvals.
Safran Aircraft Engines, a leading French engine manufacturer, has entered into strategic partnerships with two prominent Indian companies to strengthen the production of LEAP engine components. This collaboration aligns with the Indian government’s “Make in India” policy, reinforcing the country’s position in the global aerospace supply chain.
Eurowings, a subsidiary of the Lufthansa Group, is expanding its business by founding its own tour operator, Eurowings Holidays. The new company is scheduled to commence operations on April 1, 2025, aiming to offer customized travel packages to its customers.
