Dubai Aerospace Enterprise Reports Strong 2024 Financial Performance

ByAdmin 06/02/202513/02/2025

Dubai Aerospace Enterprise (DAE) has reported its full-year 2024 financial results, showing solid revenue growth and increased profitability. The company posted total revenue of $1.42 billion, while profit before tax reached $532.3 million, demonstrating strong financial resilience. As of December 31, 2024, DAE’s available liquidity stood at $3.78 billion, reinforcing its financial stability and investment capacity.

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Airlines | Corporation | Maintenance | Partnership

SR Technics and Allegiant Air Renew Engine Maintenance Partnership

ByAdmin 04/02/202505/02/2025

SR Technics, a leading maintenance, repair, and overhaul (MRO) service provider based in Switzerland, has announced the renewal of its engine maintenance contract with Allegiant Air, a prominent low-cost carrier in the United States. This five-year extension continues the collaboration that began in 2019, focusing on the maintenance and support of Allegiant’s CFM56-5B engines.

Airlines | Corporation | Financial | Management

Capital A’s Regularisation Plan Approved by Bursa Malaysia

ByAdmin 08/03/202511/03/2025

Capital A, the parent company of AirAsia, has secured approval from Bursa Malaysia Securities for its proposed regularisation plan, a key milestone in its efforts to exit Practice Note 17 (PN17) status. This approval allows the company to move forward with its financial restructuring and business reorganisation, reinforcing its long-term growth strategy.

Corporation | Management

ORIX Promotes James Meyler and Appoints John O’Donoghue

ByAdmin 12/12/202413/12/2024

ORIX Corporation (Japan) has announced significant leadership changes within its aviation group, highlighting its focus on strengthening its global executive team. James Meyler, currently serving as CEO of ORIX Aviation (Ireland) Group, has been promoted to the role of Group Executive, ORIX, Japan, while retaining his CEO position. This strategic move underscores the corporation’s confidence in Meyler’s leadership and…

Corporation | Financial | Fleet | Lessor

Air Lease Reports $800M in Q1 2025 Aircraft Investments

ByAdmin 08/04/202509/04/2025

Air Lease Corporation (ALC), the U.S.-based aircraft leasing giant, has released its first-quarter 2025 performance update, reporting strong investment activity and continued portfolio optimization. The company delivered 14 new aircraft from its orderbook, representing a total investment of approximately US$800 million during the quarter.

Airlines | Corporation | Management | MRO

Aero Norway Appoints Kenneth Johnston as LEAP Program Manager

ByAdmin 16/10/2024

Aero Norway, a leading independent engine MRO provider, has appointed Kenneth Johnston as the new LEAP Program Manager.

Airlines | Financial | Quarterly Performance

Skymark Airlines Reports 25.8% Net Income Drop for 9M 2024

ByAdmin 11/02/202514/02/2025

Skymark Airlines reported a 25.8% decline in net income for the nine-month period ending December 2024, despite a 4.5% increase in operating revenues. The airline attributed the drop in profitability to rising operational costs, including higher fuel expenses, increased labor costs, and adjustments to fleet operations.

Airlines | Corporation | Maintenance | Partnership

Airlines | Financial | Quarterly Performance

Skymark Airlines Reports 25.8% Net Income Drop for 9M 2024

ByAdmin 11/02/202514/02/2025

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