Boeing CEO Kelly Ortberg has provided an update on the company’s ongoing recovery efforts, emphasizing a renewed focus on core business segments and stabilizing aircraft production. Speaking on the company’s progress, Ortberg highlighted strategic initiatives aimed at strengthening Boeing’s operational efficiency and long-term sustainability.
United Aircraft (Russia) has announced plans to issue more than 2 trillion shares, aiming to raise approximately $5.5 billion in capital. This move is intended to strengthen the company’s financial position and support ongoing aircraft development and production programs.
Pratt & Whitney (US) has reported a strong fourth quarter (4Q) 2024 performance, with sales increasing by 18% to $7.5 billion and operating profit rising 32% to $504 million. The results reflect higher demand for commercial and military engines, as well as robust aftermarket services growth.
Fitch Ratings (US) has assigned A-1 Notes ‘Asf (EXP)’ and B-1 Notes ‘A-sf (EXP)’ ratings to AASET 2025-1, a securitization backed by lease payments and disposition proceeds from a pool of 23 passenger aircraft. These aircraft are operated by third-party lessees, ensuring diversified exposure across multiple carriers.
Aircastle (Ireland) has successfully priced $500 million in 5.250% Senior Notes due 2030, issued at 99.171%. This move strengthens the aircraft lessor’s financial position and provides long-term capital for its global leasing operations.
Airbus has announced a pause in the development of its CityAirbus NextGen electric vertical takeoff and landing (eVTOL) aircraft, citing a reassessment of the business case and technological requirements. The decision marks a strategic shift as the company evaluates the evolving urban air mobility (UAM) market before proceeding with further investments.
A special audit into the bankruptcy of Nordica (Estonia) has uncovered governance failures, citing shortcomings in both the management and supervisory boards that contributed to the airline’s financial collapse. The findings highlight internal mismanagement as a key factor in the carrier’s downfall.
Nordic Aviation Group, a key player in Estonia’s aviation sector, has been declared bankrupt by the Harju County Court. The ruling is subject to immediate enforcement, marking a significant development for the airline and its stakeholders.
AirAsia X (Malaysia) has announced a mutual agreement with Capital A (Malaysia) to extend the deadline for completing its proposed acquisition of Capital A’s aviation business, which includes AirAsia Aviation Group and AirAsia. The revised timeline now extends from 25 January to 24 March 2025.
AerFin, a UK-based aviation solutions provider, has announced the appointment of Tamsin Hayward as its new General Counsel. This strategic addition to AerFin’s leadership team reflects the company’s commitment to enhancing its legal and compliance framework to support its global operations.
