Canada Jetlines has closed a previously-announced non-brokered private placement, with the final gross proceeds raised coming to $575,002. The offering was for 2,738,104 units issued at $0.21 per unit...
Bombardier has announced first quarter 2023 revenues of $1.5bn, a 17% year-on-year increase it said was "driven by improved delivery mix". The business jet maker said "continued strong aftermarket rev...
GA Telesis Engine Services has signed a MRO [maintenance, repair, overhaul] contract with Philippines AirAsia for the CFM56-5B engine powering its 15 A320-200 aircraft. The work will be carried out at...
Volatus Infrastructure has signed a letter of intent with EVFLY to be the exclusive eVTOL (electric vertical take-off and landing) infrastructure and charging station provider on its global AAM [advan...
STARLUX and Alaska Air have signed strategic partnership to expand the choice of destinations to passengers as travel demand recovers. The partnership was announced on the backdrop of STARLUX Airlines...
Southwest Airlines recorded a net $159 million loss in the first quarter (Q1 2023), despite setting a record for the early year period with $5.7bn in reported revenue. The loss equated to 27 cents per...
American Airlines has returned to profit with a net income of $10 million for the first quarter of 2023, or $0.02 per diluted share, after revenue surged 37% year-on-year to a Q1 record of $12.2bn. “T...
Joby Aviation has signed a "long-term agreement" with Toyota for the Japanese car producer and Joby shareholder to supply "key powertrain and actuation components" for its electric aircraft. “Our part...
Evan Carruthers, chief investment officer of Castlelake, has been appointed the additional role of co-chief executive officer alongside Rory O'Neill, who has assumed the title of executive chair and c...
Spirit Airlines recorded a $103.9 million or 95 cents a share loss in the first quarter of 2023 (Q1 2023). "Excluding special items, adjusted net loss for the first quarter 2023 was $89.4 million, or ...
ITE Management (ITE), an investment firm focused on investing in critical real assets in the transportation and industrial sector, has appointed Steve Mason as the new managing director, head of aviat...
Vagner Finelli is joining Pittsburgh-based components maker Howmet Aerospace as president of Howmet Fastening Systems (HFS). Finelli was president and chief executive of Sigma Engineered Solutions, wh...
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