Financial

ST Engineering Secures $1 Billion From Commercial Aerospace

ByAdmin 28/04/202530/04/2025

ST Engineering has announced that it secured approximately $1.0 billion in new business through its Commercial Aerospace segment. This major achievement is expected to significantly bolster the company’s growth and operational momentum moving into 2025. The contracts encompass a broad range of services, including aircraft maintenance, component repair, and engineering solutions, solidifying ST Engineering’s standing as a global leader in aerospace services.

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Airlines | Corporation | Financial | Flag Carrier | Traffic

Grupo Aeromexico Reports Passenger Growth in November 2024

ByAdmin 08/12/202410/12/2024

Grupo Aeromexico, one of Mexico’s leading carriers, reported a steady rise in passenger numbers for November 2024, highlighting a 0.3% year-on-year increase to reach 2.0 million passengers. The airline also saw notable growth in key operational metrics, reflecting its robust recovery and growing demand for air travel.

Airlines | Boeing | Cancellation | Network

Jeju Air Cancels Planned Seoul Incheon-Singapore Route

ByAdmin 08/01/202512/01/2025

Jeju Air, a leading low-cost carrier in South Korea, has decided to cancel its planned Seoul Incheon-Singapore route, which was initially scheduled to commence on March 30, 2025. The service was to be operated using a Boeing 737-800, a mainstay of the airline’s fleet for regional operations.

Airlines | Financial

LCI and Sumitomo Mitsui Secure $420 Million for Social Projects

ByAdmin 13/01/202514/01/2025

LCI (Ireland) and Sumitomo Mitsui Finance and Leasing (Japan) have successfully executed US$420 million in loan facilities, designated to fund social projects, including the acquisition of helicopters. This strategic collaboration highlights the increasing focus on financing projects that contribute to societal benefits, particularly in sectors such as emergency medical services and search and rescue operations.

Airlines | Financial

Vietnam Airlines Plans Capital Increase via Share Issue

ByAdmin 11/12/202412/12/2024

Vietnam Airlines has announced plans to convene an extraordinary meeting on January 21, 2025, where shareholders will discuss a proposal to issue new shares. The initiative aims to raise funds to increase the airline’s charter capital, with a maximum scale equivalent to approximately $867 million.

Airlines | Financial | Quarterly Performance

EVA Air Reports Strong Q3 2024 Financial Results

ByAdmin 17/11/202419/11/2024

EVA Air, a leading airline based in Taiwan, has reported impressive financial results for Q3 2024, showcasing significant growth in both revenue and net income. The airline’s revenue increased by 7.3% year-over-year to reach $1.76 billion, while its net income surged by 51%, totaling $276.3 million. These results underscore EVA Air’s strong operational performance and effective cost management strategies.

Financial | Investor

Moody’s Affirms Clover Aviation Capital’s Ratings, Outlook Upgraded

ByAdmin 01/11/202404/11/2024

Moody’s Investors Service has affirmed the long-term and short-term issuer ratings of Clover Aviation Capital, a prominent Hong Kong-based aircraft leasing company. The ratings, set at Baa3 for long-term and P-3 for short-term, are aligned for both foreign and local currency obligations. The outlook has been revised from stable to positive, signaling potential future upgrades…

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