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GetJet Aviation Holdings Rebrands As GetJet Group

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GetJet Aviation Holdings Rebrands As GetJet Group, marking a structural and strategic shift designed to support accelerated global expansion under its 2026 Growth Strategy. The rebranding reflects the company’s transition from a holding structure with multiple standalone brands into a more vertically integrated aviation services group operating under a unified identity.

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GE Aerospace, Boeing, and NASA Advance Open Fan Engine Integration

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GE Aerospace, in partnership with Boeing, NASA, and the Oak Ridge National Laboratory, is advancing the aviation industry’s pursuit of energy efficiency by modeling the integration of an Open Fan engine design with an aircraft. This collaborative effort underscores a shared commitment to developing innovative technologies that reduce fuel consumption and emissions.

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Rex Granted Reprieve in Legal Dispute with Jet Midwest Over Saab 340s

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Regional Express (Rex), an Australian airline, has been granted a temporary reprieve in legal proceedings brought by U.S.-based aviation company Jet Midwest. The dispute centers on four Saab 340 aircraft, which Jet Midwest claims were allegedly taken without proper authorization. Jet Midwest is seeking $7.2 million in damages, citing financial losses associated with the aircraft’s…

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airBaltic CEO Martin Gauss Steps Down, Pauls Calitis Named Interim

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airBaltic, the flag carrier of Latvia, has announced a major leadership change as CEO Martin Gauss stepped down from his position following a decision made at the company’s regular Shareholders’ Meeting. Pauls Calitis, currently serving as Chief Operating Officer (COO) and a Management Board Member, has been appointed as Interim CEO.

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GetJet Aviation Holdings Posts €25.4M Net Profit For 2024

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GetJet Aviation Holdings, an international aviation services group headquartered in Vilnius, Lithuania, has announced robust financial results for the fiscal year 2024, recording a net profit of €25.4 million. The group’s total revenues reached €184.3 million, underlining its strong performance and strategic diversification in the highly competitive ACMI and aircraft maintenance (MRO) sectors.

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Abelo Acquired By Cerberus Capital Affiliate

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Abelo, the Irish aircraft leasing company, has undergone a change in ownership as an affiliate of Cerberus Capital Management has acquired the business from funds managed by Oaktree Capital Management. The transaction signifies a strategic realignment in Abelo’s financial backing, potentially signaling new directions or growth plans under Cerberus’s stewardship.