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Archer Aviation Secures $301.75 Million to Advance Hybrid Aircraft Development

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…

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ST Engineering Secures MRO Contracts for CFM56-7B and LEAP-1A Engines with Middle Eastern Operators

ST Engineering‘s Commercial Aerospace division has announced the acquisition of Maintenance, Repair, and Overhaul (MRO) contracts for CFM56-7B and LEAP-1A engines from two prominent Middle Eastern airlines.

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FL Technics Begins Maintenance Support for Fly Vaayu’s A320P2F

FL Technics, a globally recognized provider of aviation maintenance, repair, and overhaul (MRO) solutions, has initiated fleet support for a new client, Fly Vaayu of the United Arab Emirates. This partnership involves providing comprehensive maintenance services for Fly Vaayu’s Airbus A320 Passenger-to-Freighter (P2F) aircraft.

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JAL Group Reports 9M Fiscal 2024 Revenue Growth and Profit Increase

JAL Group has reported its nine-month financial results for the fiscal year ending March 31, 2025, showing strong revenue growth and improved profitability. The airline posted total revenue of $8.9 billion, reflecting a 10.9% year-over-year increase, and a net profit of $586 million, marking a 6.0% rise from the previous period.

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Dubai Aerospace Enterprise Reports Strong 2024 Financial Performance

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.