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Aviation Capital Group Reports 9M 2024 Revenues of $923 Million

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Aviation Capital Group (ACG), a leading US-based aircraft leasing company, has reported its 9M 2024 financial results with total revenues reaching $923 million and net income of $113.8 million. The company’s cash and cash equivalents stand at $241.9 million, underscoring ACG’s strong liquidity position and financial resilience in the aviation leasing market. This performance highlights ACG’s consistent revenue growth and profitability amid the recovery of the aviation…

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Spirit AeroSystems Warns of Financial Uncertainty Amid Cash Shortfall

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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…

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Turkish Airlines Reports $2.7 Billion Net Profit for First 9 Months of 2024

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Turkish Airlines has reported a strong financial performance for the first nine months of 2024, achieving a net profit of $2.7 billion on total revenues of $17.0 billion. The airline’s robust cash position, with cash and cash equivalents totaling $1.7 billion at the end of the period, highlights its financial resilience and capacity for continued…