MTU Aero Engines, a leading German manufacturer of aircraft engines, has announced the appointment of Katja Garcia Vila as its new Chief Financial Officer (CFO). She will replace Peter Kameritsch, who has concluded his contract with the company.
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Archer Aviation, a U.S.-based aerospace company specializing in electric vertical takeoff and landing (eVTOL) aircraft, has announced the successful raise of $301.75 million in equity capital. This funding round saw participation from leading institutional investors, notably funds and accounts managed by BlackRock. The infusion of capital brings Archer’s total liquidity to approximately $1 billion, further…
Philippine Airlines (PAL) has announced the appointment of Richard Nuttall as its new president, effective 29 May 2025. Nuttall will succeed Stanley Ng, who is transitioning into the dual role of president and chief operating officer (COO) of PAL Holdings, the airline’s parent company.
Alain Battisti, CEO of Chalair Aviation, has announced his decision to appeal to the Court of Cassation after the Limoges Court of Appeal upheld a ruling implicating him in complicity in concealed work. This legal battle has garnered attention in the aviation sector, as it addresses serious allegations of concealed work practices within Chalair. Battisti’s appeal to France’s highest court reflects…
Spirit Airlines, the U.S.-based ultra-low-cost carrier, has announced that CEO Ted Christie is stepping down from his role. While a formal search is underway for his successor, the company has established an interim office of the CEO to manage day-to-day operations and executive oversight.
MTU Maintenance Zhuhai (China) has entered into a maintenance, repair, and overhaul (MRO) agreement with All Nippon Airways (ANA) (Japan) for the CFM56-7B engines that power its fleet of 47 Boeing 737 Next Generation aircraft. The partnership further strengthens MTU’s presence in the Asian aviation market, reinforcing its expertise in engine MRO services.
JAL Group has reported its nine-month financial results for the fiscal year ending March 31, 2025, showing strong revenue growth and improved profitability. The airline posted total revenue of $8.9 billion, reflecting a 10.9% year-over-year increase, and a net profit of $586 million, marking a 6.0% rise from the previous period.
