Spirit AeroSystems Nears Funding Deal with Boeing for Cash Support

ByAdmin 09/11/202409/11/2024

Spirit AeroSystems and Boeing are close to finalizing a funding agreement aimed at providing a critical cash lifeline for Spirit, which has been facing significant financial challenges. The funding comes as Spirit AeroSystems anticipates a cash burn of approximately $450-500 million over the last quarter of 2024 and the first half of 2025. The deal reflects Boeing’s ongoing efforts to support its key suppliers, especially during times of operational and financial strain.

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Airlines | Boeing | CFM International | Delivery | Fleet

China United Airlines Receives B737-800

ByAdmin 10/01/202510/01/2025

China United Airlines has expanded its fleet with the delivery of a B737-800, bearing serial number 37888. The aircraft is on lease and is powered by CFM56-7B26 engines, which are renowned for their efficiency and reliability in short- and medium-haul operations.

Corporation | Management

Deucalion Aviation Appoints Nate Riggs as Chief Commercial Officer

ByAdmin 16/10/2024

Deucalion Aviation, a leading aircraft asset management company based in the UK, has appointed Nate Riggs as its new Chief Commercial Officer (CCO), effective in early 2025.

Airlines | Financial | Low Cost Carrier

Southwest Airlines Reports $465M Net Income for 2024

ByAdmin 31/01/202503/02/2025

Southwest Airlines (US) has announced its financial results for 2024, reporting a net income of $465 million, driven by operating revenues of $27.5 billion. The airline ended the year with $9.7 billion in liquidity, reinforcing its strong financial position despite ongoing industry challenges.

Airlines | Financial

United Airlines Reports Strong Financial Growth in 2024

ByAdmin 22/01/202528/01/2025

United Airlines, a major US-based carrier, has announced impressive financial results for the fourth quarter of 2024 and the full fiscal year. The airline reported a 7.8% increase in total operating revenue for Q4, reaching $14.7 billion, while achieving a net income of $1.0 billion for the quarter.

Airlines | Financial

LATAM Airlines Group Proposes Dividend Payment

ByAdmin 20/03/202523/03/2025

The Board of Directors of LATAM Airlines Group, headquartered in Chile, has agreed to propose a substantial dividend payment totaling US$293 million, scheduled to be distributed on 22 April 2025.

Corporation | Embraer | Governments

Embraer and PT Dirgantara Indonesia Sign MoU to Enhance Collaboration in Commercial Aviation

ByAdmin 19/11/202420/11/2024

Embraer, a leading global aerospace company, and PT Dirgantara Indonesia (PTDI), Indonesia’s state-owned aerospace corporation, have signed a Memorandum of Understanding (MoU) to strengthen their partnership in the commercial aviation sector. This agreement focuses on enhancing collaboration in engineering and the supply of aerostructures, key components in aircraft manufacturing.

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