Chorus Aviation Reports $110M Net Loss in 2024
Chorus Aviation (Canada) has released its 2024 financial results, highlighting a net loss of $110 million for the year. Despite this, the company saw a 0.4% revenue increase, reaching $985 million.
Airbus | Airlines | Flag Carrier | Fleet | Management
SriLankan Airlines Explores Debt Refinancing Before A330 Fleet Renewal
SriLankan Airlines CEO Richard Nuttall is exploring refinancing options to restructure the airline’s debt, which would serve as a preliminary step before any A330 fleet renewal. The carrier is also considering doubling its total fleet size to 50 aircraft, signaling a potential long-term expansion strategy.
AIP Capital Appoints Scott Debano as Managing Director
AIP Capital (US) has announced the appointment of Scott Debano as Managing Director, Head of Distribution. In this role, he will be responsible for leading fundraising initiatives, managing investor relations, and developing strategic partnerships to support the firm’s continued expansion in the aviation investment sector.
Airlines | Financial | Flag Carrier | IPO
Etihad Triples 2024 Net Profit to $476M, Eyes 1Q 2025 IPO
Etihad (UAE) has reported a significant surge in profitability for 2024, with net profit tripling to $476 million and revenues increasing 25% to $6.9 billion. The airline’s financial performance underscores strong passenger demand, strategic cost efficiencies, and expansion in key markets.
Cargojet Reports Strong 4Q and Full-Year 2024 Financial Results
Cargojet (Canada) reported a strong financial performance for 4Q 2024, with total revenue rising 32.1% to $206.7 million and net earnings reaching $50.2 million. The company’s full-year 2024 revenue grew 14.1% to $705 million, with net earnings of $108.4 million and net cash reserves of $231.7 million.
airBaltic to Evaluate $397M Bond Refinancing in 2026
airBaltic (Latvia) will be able to evaluate the refinancing of its $397 million bond debt starting in May 2026, as the airline seeks to optimize its financial structure and reduce borrowing costs.
Avolon Reports 79% Increase in Net Income for 2024
Avolon, a leading global aircraft lessor, has reported strong financial results for 2024, highlighting significant growth in revenue and profitability.
Wizz Air Reports $1.2B Revenue, $251M Net Loss in 4Q 2024
Wizz Air Holdings (Hungary) has reported its 4Q 2024 financial results, posting a total revenue of $1.2 billion, marking a 10.5% year-over-year increase. However, the airline’s net loss surged by 128.7% to $251.2 million, highlighting persistent financial challenges despite revenue growth.
Nord/LB Global Head Aviation Frank Wulf to Step Down
Frank Wulf, the Global Head of Aviation at Nord/LB (Germany), has announced his decision to step down from his role and exit the aviation finance sector, effective January 31, 2025. Citing personal reasons, Wulf will conclude his tenure after a long-standing career in aviation finance.
Pratt & Whitney Reports 18% Increase in 4Q 2024 Sales
Pratt & Whitney (US) has reported a strong fourth quarter (4Q) 2024 performance, with sales increasing by 18% to $7.5 billion and operating profit rising 32% to $504 million. The results reflect higher demand for commercial and military engines, as well as robust aftermarket services growth.