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Spirit AeroSystems and Boeing Amend Agreement on Advance Repayments

Spirit AeroSystems, a leading U.S. aerospace manufacturer, and Boeing have agreed to amend a prior memorandum of agreement (MOA) dated April 2024. The updated terms will postpone Spirit’s repayment of advances to Boeing until 2026, providing Spirit with additional financial flexibility.

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GE Aerospace Posts Strong Q4 2024 Orders and Revenue Growth

GE Aerospace, a leading U.S.-based aviation technology provider, has reported robust growth in its fourth-quarter 2024performance, showcasing significant increases in orders, revenue, and profit. The company’s total orders rose by 46% to $15.5 billion, driven by strong demand for its advanced aviation products and services.

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Pratt & Whitney to Open European Innovation Center in Netherlands

Pratt & Whitney, a leading aerospace manufacturer based in the United States, has announced plans to establish a European Technology and Innovation Center in the Netherlands. The center is dedicated to developing cutting-edge technologies aimed at advancing energy efficiency and sustainable aviation.

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American Airlines Reports $54.2 Billion Revenue in 2024

American Airlines Group, one of the largest carriers in the United States, has reported robust financial performance for 2024, with total revenue reaching $54.2 billion and a net income of $846 million. The company ended the year with $10.3 billion in total available liquidity, highlighting its strong financial position.