Spirit AeroSystems Secures $350M Advance Payments Agreement with Boeing

ByAdmin 13/11/202414/11/2024

Spirit AeroSystems has announced an Advance Payments Agreement with Boeing, under which Boeing will provide advance payments totaling up to $350 million. This financial commitment is intended to support Spirit’s production of Boeing components, ensuring that production rates meet Boeing’s requirements. This agreement marks a significant step in Spirit AeroSystems’ collaboration with Boeing, as the funding will provide crucial capital to sustain production schedules and maintain supply chain stability.

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Corporation | Management

ABL Aviation Appoints Stephen Orr as SVP, Africa

ByAdmin 08/01/202512/01/2025

ABL Aviation, a global independent aircraft investment management firm headquartered in Ireland, has appointed Stephen Orr as its new Senior Vice President (SVP) for Africa. Based in Casablanca, Orr will play a pivotal role in expanding ABL Aviation’s presence across the African aviation market.

Corporation | Crisis | Financial

Nordic Aviation Group Declared Bankrupt by Estonian Court

ByAdmin 28/01/202530/01/2025

Nordic Aviation Group, a key player in Estonia’s aviation sector, has been declared bankrupt by the Harju County Court. The ruling is subject to immediate enforcement, marking a significant development for the airline and its stakeholders.

Airlines | Corporation | Countries | Flag Carrier | Governments

Portugal Plans to Retain 51% Stake in TAP Amid Reduced Interest from IAG

ByAdmin 05/11/202407/11/2024

The Portuguese government has expressed its intention to retain a 51% controlling stake in TAP Air Portugal, following the airline’s recent public-funded rescue. This move ensures that Portugal maintains a majority interest in TAP, safeguarding national interests and providing stability as the airline recovers from financial challenges. However, this approach may affect potential investment from…

China Southern Issues RFP for Sale of 10 B787-8s and Spare Engines

ByAdmin 22/11/202425/11/2024

China Southern Airlines has issued a Request for Proposals (RFP) to qualified purchasers for the sale of 10 owned Boeing 787-8 aircraft and two GEnx-1B70/P2 spare engines. The aircraft and engines are scheduled for delivery to successful bidders during 2025 and 2026. The deadline for submitting bids is November 25, 2024.

Southwest Airlines Takes Delivery of B737-8

ByAdmin 28/01/202530/01/2025

Southwest Airlines, a leading low-cost carrier in the United States, has expanded its fleet with the delivery of a Boeing 737-8, identified by serial number 68459. The aircraft is equipped with LEAP-1B28 engines, providing enhanced fuel efficiency and operational reliability.

Aircraft | Boeing | Corporation | Manufacturers

Boeing Closes $19 Billion Upsized Stock and Depositary Shares Offering

ByAdmin 29/10/202431/10/2024

Boeing has successfully priced its upsized concurrent offerings of common stock and depositary shares, raising approximately $19 billion to strengthen its financial position.

Corporation | Management

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