Silver Airways, a U.S.-based regional carrier, has received a $5.78 million stalking horse bid from KIA II, a financial firm that had previously provided debtor-in-possession (DIP) financing to the airline. This development positions Silver Airways to move forward in its efforts to exit bankruptcy proceedings and reestablish operational normalcy.
MTU Aero Engines, the German engine manufacturer, has reported a 25% increase in adjusted revenue for the first quarter of 2025, reaching $2.3 billion, as demand for maintenance, repair, and overhaul (MRO) services, as well as OEM engine deliveries, remained robust. The company also posted a 41% rise in adjusted net income, totaling $250 millionfor the quarter.
ITA Airways, Italy’s flag carrier, reported revenues of $3.5 billion for the full year 2024, representing a 26% increasecompared to the previous year, driven by expanded route offerings and improved passenger volumes. Despite this revenue growth, the airline recorded a net loss of $256.6 million, highlighting continued operational challenges and restructuring costs.
GOL Linhas Aéreas, one of Brazil’s leading airlines, has reported a recurring EBITDA of $257 million for the first quarter of 2025, showcasing resilience in operations despite regional economic fluctuations. The results underline the company’s efforts to stabilize finances following restructuring measures and increasing travel demand across Brazil.
Embraer has reported a strong start to 2025 with first-quarter revenues rising 23% year-on-year to $1.1 billion, highlighting a healthy market for both its commercial and defense aviation segments. The Brazilian aerospace manufacturer also posted a net income of $73.4 million for the quarter, underscoring an overall positive financial performance.
Avation, a Singapore-based aircraft leasing company, has executed a repurchase of $3.5 million face value in Senior PIK Toggle Notes due in 2026. These notes were issued as part of the company’s global Medium Term Note (MTN) program, aimed at raising flexible financing from capital markets.
Air Lease has announced impressive financial results for the first quarter of 2025, with total revenues rising 11.3% to reach $738.3 million, reflecting strong demand for leased aircraft amid a recovering global aviation market. More notably, net income increased 274.5%, climbing to $364.8 million, signaling robust profitability driven by a growing fleet and favorable lease terms.
Vietjet, the Vietnamese low-cost carrier, has posted strong financial results for the first quarter of 2025, with a 24% increase in consolidated pre-tax profit, reaching $32.1 million. This performance is built on total revenues of $690.5 million, reflecting solid demand and improved operational efficiencies.
Sun Country Airlines Holding, a hybrid carrier based in the United States, has reported its financial results for the first quarter of 2025, highlighting a profitable start to the year. The airline posted total operating revenue of $326.6 million, a 4.9% increase year-over-year.
Spirit AeroSystems Holdings, one of the world’s largest independent manufacturers of aircraft structures, has reported a challenging first quarter for 2025, marked by a 11% drop in revenue to $1.5 billion and a substantial net loss of $613 million.
