|

Triumph Group Posts 1% Sales Increase, $11.9M Net Income for 2Q Fiscal 2025

ByAdmin

Triumph Group, a US-based aerospace systems and components provider, has reported its financial results for the second quarter of fiscal 2025, which ended September 30, 2024. The company achieved a 1% increase in net sales, totaling $287.5 million, and posted net income from continuing operations of $11.9 million. These results reflect Triumph Group’s steady progress in its fiscal strategy, focusing on enhancing operational efficiencies and maintaining a solid revenue base within a competitive aerospace market.

In order to view the full content as well as having access to our archives and receiving the daily newsletter, please REGISTER .

Similar Posts

|

Avolon Holdings Prices $1.5 Billion Senior Unsecured Notes Offering

ByAdmin

Avolon Holdings Limited, a leading global aviation finance company, has announced the pricing of a $1.5 billion private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited. The offering consists of two tranches: $850 million of 4.95% senior unsecured notes due in 2028, and $650 million of 5.15% senior unsecured notes due in 2030.

| | |

Airbus Delivers 62 Jets in October, Reaches 559 Total for 2024

ByAdmin

Airbus marked another milestone in its 2024 production schedule by delivering 62 jets in October, bringing its cumulative deliveries for the year to 559. As the European aerospace giant aims for a year-end target of 770 planes, these October figures reflect Airbus’ commitment to meeting its ambitious production goals.

| | | |

Portugal Plans to Retain 51% Stake in TAP Amid Reduced Interest from IAG

ByAdmin

The Portuguese government has expressed its intention to retain a 51% controlling stake in TAP Air Portugal, following the airline’s recent public-funded rescue. This move ensures that Portugal maintains a majority interest in TAP, safeguarding national interests and providing stability as the airline recovers from financial challenges. However, this approach may affect potential investment from…

|

Fly Modern Ark to Relaunch SA Express Airways

ByAdmin

Fly Modern Ark (South Africa) has unveiled a strategic initiative to relaunch and rejuvenate SA Express Airways, a move aimed at restoring the airline’s legacy as a premier regional carrier in Southern Africa. This ambitious plan highlights Fly Modern Ark’s commitment to revitalizing a key player in the region’s aviation landscape.

| | |

Natixis CIB Finances LEAP-1B Engines for Phoenix and AIP Capital

ByAdmin

Natixis Corporate & Investment Banking (CIB) (France) has provided financing for the acquisition of ten LEAP-1B engines by Phoenix Aviation Capital (Ireland) and AIP Capital (US). These engines are scheduled for delivery in 4Q 2024 and will be leased to a maintenance, repair, and overhaul (MRO) provider.

|

Spirit Airlines Expects Shareholder Wipeout Amid Restructuring

ByAdmin

Spirit Airlines, a prominent ultra-low-cost carrier in the United States, has announced that it still expects shareholders will be wiped out as the airline progresses with its restructuring deal. The plan includes transferring control of the airline to its bondholders, marking a significant shift in its ownership structure.