VSE Reports 18.3% Revenue Growth in 3Q 2024, Net Income Decline

ByAdmin 06/11/202408/11/2024

VSE Corporation, a prominent U.S.-based provider of aftermarket distribution and MRO (maintenance, repair, and overhaul) services, announced a strong performance for the third quarter of 2024. The company reported an 18.3% increase in total revenue, bringing its quarterly earnings to $273.6 million. This growth is attributed to expanded demand in VSE’s aviation, fleet, and federal services segments, demonstrating resilience amid broader market challenges. However, the company also experienced a 3.8% decrease in net income, totaling $11.7 million, mainly due to rising costs and operational expenditures.

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Corporation | Partnership

HAECO and Satair Sign New Strategic Supply Agreement

ByAdmin 09/04/202511/04/2025

HAECO, the Hong Kong-based global aircraft engineering and maintenance provider, and Satair, a Denmark-headquartered subsidiary of Airbus specializing in aviation aftermarket solutions, have announced the signing of a new strategic supply agreement. This partnership aims to strengthen the long-term component support and material availability for both companies’ global customer bases.

Airlines | Crisis | Financial

GOL Requests Approval for Settlement Agreement in Chapter 11 Case

ByAdmin 01/12/202404/12/2024

GOL (Brazil), currently undergoing Chapter 11 bankruptcy proceedings, has announced plans to request authorization from the Bankruptcy Court to enter into a settlement agreement with Brazil’s Attorney General’s Office of the National Treasury and the Special Secretariat of the Federal Revenue. This move represents a critical step in GOL’s ongoing restructuring process.

Airlines | Financial | Funding | Low Cost Carrier

Norse Atlantic Airways Raises $8.7 Million via Private Placement

ByAdmin 08/12/202410/12/2024

Norse Atlantic Airways, a Norway-based long-haul low-cost carrier, has successfully raised $8.7 million in gross proceeds through a private placement. The placement involved the issuance of 19.2 million new shares, directed towards B T Larsen & Co (Cyprus). The capital increase has been formally registered, marking a key step in bolstering the airline’s financial stability and funding future operational goals.

Financial | Investor

BETA Technologies Secures Over $300M to Advance Electric Aviation

ByAdmin 01/11/202404/11/2024

BETA Technologies, a Vermont-based electric aerospace company, has successfully raised $318 million in a Series C funding round. The investment was led by the Qatar Investment Authority (QIA), with significant participation from existing investors, including Fidelity Management & Research Company and TPG Rise Climate. Notably, longtime customer United Therapeutics also joined this round as an…

Corporation | General Electric | Maintenance | MRO | Partnership

GE Aerospace Signs MRO Offload Agreement with United Aerospace for LEAP Engines

ByAdmin 10/11/202410/11/2024

GE Aerospace, a major player in aviation engine manufacturing, has entered an MRO offload agreement with United Aerospace Maintenance Company based in Cyprus. This partnership will focus on providing quick turn workscopes for LEAP engines, allowing GE Aerospace to enhance its maintenance capabilities and improve turnaround times for customers. The LEAP engine, known for its fuel efficiency and advanced technology,…

Airlines | Cargo | Corporation | Sale

Asiana Airlines Pilots’ Union Files Injunction to Halt Asiana Cargo Sale

ByAdmin 31/10/202403/11/2024

The pilots’ union at South Korea’s Asiana Airlines has filed an injunction to prevent the sale of Asiana Cargo to fellow South Korean carrier Air Incheon. The union argues that the sale process involved improper exercise of voting rights, raising concerns about procedural fairness and transparency in the decision-making process. This legal challenge underscores the…

Corporation | Partnership

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