Werner Aero, a leading aviation services company based in the United States, has announced that its founder, president, and CEO, Mike Cazaz, will retire at the end of December 2024, marking the culmination of an impressive 32-year tenure. Under his leadership, Werner Aero evolved into a key player in the global aviation market, known for its innovative approaches to asset…
Air Premia, the South Korean hybrid airline, is undergoing a significant ownership change following the announcement that Tire Bank, a South Korean tire distribution and retail group, will assume control of the carrier. Tire Bank, acting through its affiliate AP Holdings, will raise its shareholding in Air Premia to 68% after acquiring an additional 22% stake from existing investors JC Partners and Sono Hospitality.
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.
Fly Gangwon, a low-cost carrier based in Yangyang, Korea, has officially exited its judicial rehabilitation process after 16 months of financial restructuring.
Boeing has restarted testing of its highly anticipated B777X jet, conducting the aircraft’s first flight since its grounding in August 2024. The fleet was halted following a critical failure in the engine mounting structure, raising significant safety concerns and delaying the program’s progress.
China’s Commercial Aircraft Corporation (COMAC) has opened an office in Hong Kong, its second international location established this week, following the launch of a Singapore office. This expansion marks a strategic step for COMAC, the developer of China’s ARJ21 and C919 commercial aircraft, as it aims to increase its footprint in key global markets and…
