Yakovlev, a prominent Russian aircraft manufacturer, reported a net profit of US$138.4 million for the year 2024, despite withholding key financial metrics such as revenue, cost of sales, and other supporting data. The announcement provides a limited but notable glimpse into the company’s financial status amid a sensitive geopolitical and industrial climate.
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Frontier Airlines has released its quarterly earnings report, indicating notable revenue growth attributed to rising passenger numbers and operational enhancements.
Turkish Airlines achieved significant growth in November 2024, recording an 8.3% increase in passengers compared to the same period last year. The airline transported a total of 6.5 million passengers during the month, reflecting its robust operational capacity and demand recovery in the aviation sector.
Spirit AeroSystems and Boeing are close to finalizing a funding agreement aimed at providing a critical cash lifeline for Spirit, which has been facing significant financial challenges. The funding comes as Spirit AeroSystems anticipates a cash burn of approximately $450-500 million over the last quarter of 2024 and the first half of 2025. The deal reflects Boeing’s ongoing efforts to support its…
BOC Aviation (Singapore) has announced its 2024 financial results, reporting total revenues and other income of $2.6 billion, reflecting a 4% year-on-year increase. The company’s net profit after tax surged 20.9% to $924 million, demonstrating strong financial performance and leasing demand. Additionally, BOC Aviation maintained a robust liquidity position of $6.5 billion, reinforcing its financial stability and investment capacity.
Boliviana de Aviación (BoA), Bolivia’s national airline, is grappling with significant operational challenges due to financial constraints. The carrier has been unable to pay the leases for six of its aircraft, resulting in their grounding. Additionally, two more planes remain out of service due to ongoing maintenance, further impacting the airline’s operational capacity.
Embraer, a leading Brazilian aerospace manufacturer, delivered 75 aircraft in the fourth quarter of 2024, maintaining the same output as in the corresponding period of 2023. For the full year, Embraer delivered a total of 206 aircraft, representing a 14% year-over-year increase compared to 2023.
