Tarco Aviation Suffers $100M Loss Amid Sudan Civil War

ByAdmin 14/04/202515/04/2025

Tarco Aviation (Sudan) has incurred estimated losses exceeding US$100 million as a direct result of the ongoing civil conflict in Sudan, according to statements from Sudanese government officials. The airline’s fleet, infrastructure, and inventory have sustained significant damage amid the broader national crisis.

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Corporation

Lilium Rebrands to Lilium Aerospace After Rescue by Mobile Uplift

ByAdmin 27/01/202529/01/2025

Lilium, the German-based developer of electric vertical take-off and landing (eVTOL) aircraft, has officially rebranded as Lilium Aerospace. This transformation follows a financial rescue by the Mobile Uplift Corporation, a German investment consortium committed to revitalizing the company’s future.

Airlines | Crisis | Legal | Management

Air Antilles CEO Urges Action Amid Interline Dispute With Corsair and Air France

ByAdmin 06/04/202507/04/2025

Air Antilles, the regional carrier based in Guadeloupe, is facing a major setback in its commercial development efforts as its CEO accuses Corsair and Air France of refusing to sign interline agreements. These agreements are seen as essential to the airline’s strategy to integrate into broader international networks and offer seamless connectivity for passengers.

Corporation | Embraer | Management

Embraer Implements ONEChain Program to Enhance Supply Chain

ByAdmin 25/11/202427/11/2024

Embraer has finalized the implementation of its ONEChain Program, a transformative initiative designed to enhance the management of its supply chain. This program is a key element of the company’s growth strategy, leveraging digital transformation to streamline operations and improve efficiency across the supply chain.

Financial | Leasing

Aircastle Reports 3Q 2024 Financial Results

ByAdmin 11/01/202514/01/2025

Aircastle (US) has announced its financial results for the third quarter of 2024, covering the period ended 30 November 2024. The company reported total revenues of $194 million and a net income of $18 million, reflecting stable financial performance in a challenging market environment.

Azores Government Questioned Over SATA’s $3M Debt for Hi Fly A330 Lease

ByAdmin 12/11/202413/11/2024

The Azores parliamentary group has requested clarification from the Regional Government concerning a $3 million debt incurred by SATA from a wet lease agreement involving an Airbus A330 from Hi Fly, a Portuguese airline. This debt, which the parliamentary group attributes to SATA’s previous management decisions, has become a significant point of contention in the region. Recently, a court ruling favored both Hi Fly and AELF Aircraft Engine Lease…

Corporation | Financial | MRO

SIA Engineering Reports 16% Profit Increase for 1H Fiscal 2024/25

ByAdmin 06/11/202408/11/2024

SIA Engineering Group (SIAEC), a leading provider of MRO (maintenance, repair, and overhaul) services based in Singapore, has reported a robust financial performance for the first half of its fiscal year 2024/25. The Group achieved a 16% increase in net profit, reaching US$52.2 million, compared to the previous period. This growth reflects the strong operational…

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