VSE Corporation, a leading provider of aftermarket distribution and maintenance services, has signed a definitive agreement to acquire Kellstrom Aerospace Group from AE Industrial Partners for $200 million.
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Avation, a Singapore-based aircraft leasing company, has entered into a term sheet agreement with a major international bank for a $85 million portfolio financing facility. This facility will be utilized primarily for the refinancing of existing aircraft within Avation’s fleet and for the acquisition of additional aircraft, subject to specific conditions.
Spirit AeroSystems, a leading U.S.-based aerospace manufacturer specializing in aerostructures, has reported a modest 2% increase in revenues for the third quarter of 2024, totaling $1.47 billion. This growth comes amid ongoing challenges in the aerospace sector, highlighting the company’s resilience and demand for its components, especially in commercial aviation. However, Spirit AeroSystems also reported…
Aerolíneas Argentinas has reported a loss of $326 million during the first quarter of 2024, despite achieving a total income of $1.64 billion. The financial results highlight the challenges the airline continues to face in a volatile global aviation market.
Triumph Group, a major aerospace supplier based in the United States, has announced a delay in the issuance of its Q2 fiscal 2025 results. The delay follows a recent favorable settlement with Boeing Commercial Airplanes, related specifically to pricing adjustments on its Interiors contracts. This settlement marks a significant outcome for Triumph Group, potentially impacting…
Avia Solutions Group (Ireland) has reported impressive financial results for Q3 2024, with revenues rising 25% year-over-year to $2.1 billion. The company’s net profit also saw a significant increase, climbing more than 15% to $87.3 million.
GOL Linhas Aéreas Inteligentes (GOL), a major Brazilian airline, reported an improvement in its 3Q 2024 financial results with a net loss reduction of 36.2%, bringing the loss to $144 million. This improvement is accompanied by a 6.3% increase in net revenue, totaling $861 million for the quarter. GOL’s total cash holdings at the end of 3Q 2024 were reported at $329 million, indicating solid liquidity…
