Spirit AeroSystems Holdings, one of the world’s largest independent manufacturers of aircraft structures, has reported a challenging first quarter for 2025, marked by a 11% drop in revenue to $1.5 billion and a substantial net loss of $613 million.
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Austrian Airlines has reported an 8% rise in adjusted earnings before interest and taxes (EBIT), reaching $150.2 million, for its latest financial period. This growth comes on the back of a 6% increase in total revenue, which climbed to $846 million.
Spirit AeroSystems, a leading U.S.-based aerospace manufacturer, has issued a stark warning regarding its financial health, stating that there is “substantial doubt” about the company’s ability to continue as a going concern. This cautionary statement comes as Spirit AeroSystems faces significant cash flow challenges, with cash reserves reportedly dwindling at a concerning rate. The announcement underscores…
Air China has announced plans to inject US$200 million into its subsidiary Air Macau as part of efforts to strengthen the airline’s financial foundation. The Macau government, holding a 21.5% share in Air Macau, will contribute an additional $42.4 million, aligning with its ownership stake.
AerCap Holdings, the world’s largest aircraft leasing company, has announced the appointment of Victoria Jarman as Non-Executive Director to its Board. This leadership update coincides with the reappointment of Chairman Paul Dacier, CEO Aengus Kelly, and Non-Executive Directors James Lawrence, Jennifer VanBelle, and Michael Walsh, reinforcing continuity at the top of the organization.
VoePass, a regional airline in Brazil, is navigating a financial crisis, reporting a $37.2 million debt burden. To mitigate its financial struggles, the airline is demanding $6 million from its partner LATAM Brasil, as it continues discussions with creditors.
ASL Aviation Holdings (Ireland) is set to expand its cargo operations by potentially operating a B737-800BDSF for DHL (Germany). The aircraft, identified by serial 30499, is expected to be flown under CMI (Crew, Maintenance, and Insurance) service, further strengthening the partnership between the two companies.
