Boeing has been officially removed from S&P’s CreditWatch negative list, as the credit rating agency cited improvements in aircraft production and reduced cash burn as key factors behind the decision. This marks a positive shift in sentiment regarding the aerospace manufacturer’s financial outlook.
PAL Holdings, the parent company of Philippine Airlines, reported a net profit of US$77 million for the first quarter of 2025, supported by a 2.5% revenue increase to US$834.2 million. The results underscore the group’s ongoing recovery momentum in the Southeast Asian aviation market.
Avation announced the repurchase of US$1.94 million in face value of its Senior PIK Toggle Notes due 2026, part of its ongoing efforts to manage liabilities and optimize its capital structure under the company’s global Medium Term Note (MTN) program.
Spirit AeroSystems Holdings has reached a definitive agreement with Airbus to transfer ownership of certain assets and sites involved in the production of Airbus aerostructures directly to Airbus. The transaction is expected to close in the third quarter of 2025, representing a major structural shift in their longstanding manufacturing relationship.
Polish Aviation Group (PGL), the state-owned holding company overseeing LOT Polish Airlines and other aviation-related subsidiaries, has appointed Radoslaw Stepien as its new chief executive officer, replacing Michal Fijol.
Boeing has appointed Stacie Sire as the new vice president and managing director of the Boeing India Engineering & Technology Center (BIETC) and chief engineer for Boeing India. She succeeds Ahmed Elsherbini, taking the helm of one of Boeing’s key global engineering and R&D hubs outside the United States.
Boeing CEO Kelly Ortberg has publicly reaffirmed the company’s commitment to protecting its recovery trajectoryamid ongoing trade tensions between the United States and China. As the geopolitical conflict continues to cast uncertainty over global aerospace markets, Boeing emphasized that it still plans to deliver approximately 50 aircraft to Chinese customers this year.
STS Aviation Group, a U.S.-based provider of MRO, staffing, and engineering services, has announced a leadership change within its technical division. Chuck Harrison has been promoted to President of STS Technical Services, the company’s staffing and workforce solutions unit.
Jackson Square Aviation (JSA), a leading aircraft leasing company based in the United States, has announced a highly active 2024, during which it acquired 42 aircraft, signed 60 lease agreements, and raised over $215 million in Pre-Delivery Payment (PDP) facilities to support airline clients.
Embraer, the Brazilian aerospace manufacturer, has reported a strong first quarter for 2025, ending the period with a $26.4 billion order backlog and 30 aircraft deliveries, representing a 20% increase compared to Q1 2024.
