Dubai Aerospace Enterprise (DAE) Reports 2024 Nine-Month Financial Performance

ByAdmin 30/10/202401/11/2024

Dubai Aerospace Enterprise (DAE) has released its financial results for the nine months ending September 30, 2024, demonstrating strong leasing performance and resilient revenue growth. The company, a leading global aircraft lessor, saw positive trends across its leasing and management portfolios, which contributed to increased profitability in a dynamic market. DAE has managed to navigate global economic fluctuations effectively by focusing on market expansions and optimized asset management.

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Airlines | Corporation | Management

Frontier Airlines Pilots Vote to Authorize Strike Amid Contract Talks

ByAdmin 16/10/202416/10/2024

Frontier Airlines pilots, represented by the Air Line Pilots Association (ALPA), have overwhelmingly voted in favor of authorizing a strike amid ongoing contract negotiations.

Corporation | Merger

SMFL LCI Helicopters to Acquire Macquarie Rotorcraft, Expanding Global Fleet

ByAdmin 11/03/202513/03/2025

SMFL LCI Helicopters, the joint venture between Sumitomo Mitsui Finance & Leasing Co. and LCI Investment, has announced an agreement to acquire Macquarie Rotorcraft, a major helicopter leasing company. This acquisition will significantly expand SMFL LCI’s fleet, strengthening its position in global rotorcraft leasing across sectors such as offshore transportation, emergency medical services, search and rescue, and utility operations.

Airlines | AOC | Corporation | Crisis

Fly Gangwon Exits Judicial Oversight, Rebrands as Parata Air Under New Ownership

ByAdmin 21/10/202422/10/2024

Fly Gangwon, a low-cost carrier based in Yangyang, Korea, has officially exited its judicial rehabilitation process after 16 months of financial restructuring.

Airlines | Financial

T’way Air Reports 2024 Financial Results

ByAdmin 02/03/202505/03/2025

T’way Air Co., Ltd., a prominent South Korean low-cost carrier, has announced its financial results for the year ending December 31, 2024. The airline reported sales totaling $1.0 billion, a 13.9% increase compared to the previous year. However, the company also recorded a net loss of $41.5 million, underscoring the persistent challenges faced by the aviation industry amid fluctuating…

Corporation | Management

Airbus Nearing Deal to Acquire Spirit AeroSystems’ European Operations

ByAdmin 24/02/202524/02/2025

Airbus is set to finalize a deal to take over certain European operations of Spirit AeroSystems, according to Airbus CFO Thomas Toepfer. The move is part of Airbus’ strategic expansion and supply chain stabilization, ensuring greater control over key component manufacturing.

Corporation | Financial

Spirit AeroSystems Posts 2% Revenue Increase in 3Q 2024

ByAdmin 06/11/202408/11/2024

Spirit AeroSystems, a leading U.S.-based aerospace manufacturer specializing in aerostructures, has reported a modest 2% increase in revenues for the third quarter of 2024, totaling $1.47 billion. This growth comes amid ongoing challenges in the aerospace sector, highlighting the company’s resilience and demand for its components, especially in commercial aviation. However, Spirit AeroSystems also reported…

Airlines | Corporation | Management

Frontier Airlines Pilots Vote to Authorize Strike Amid Contract Talks

ByAdmin 16/10/202416/10/2024

Frontier Airlines pilots, represented by the Air Line Pilots Association (ALPA), have overwhelmingly voted in favor of authorizing a strike amid ongoing contract negotiations.

Corporation | Merger

SMFL LCI Helicopters to Acquire Macquarie Rotorcraft, Expanding Global Fleet

ByAdmin 11/03/202513/03/2025

Airlines | AOC | Corporation | Crisis

Fly Gangwon Exits Judicial Oversight, Rebrands as Parata Air Under New Ownership

ByAdmin 21/10/202422/10/2024

Fly Gangwon, a low-cost carrier based in Yangyang, Korea, has officially exited its judicial rehabilitation process after 16 months of financial restructuring.

Airlines | Financial

Corporation | Merger

SMFL LCI Helicopters to Acquire Macquarie Rotorcraft, Expanding Global Fleet

ByAdmin 11/03/202513/03/2025

Airlines | AOC | Corporation | Crisis

Fly Gangwon Exits Judicial Oversight, Rebrands as Parata Air Under New Ownership

ByAdmin 21/10/202422/10/2024

Fly Gangwon, a low-cost carrier based in Yangyang, Korea, has officially exited its judicial rehabilitation process after 16 months of financial restructuring.

Airlines | Financial

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