Safran Aircraft Engines, a leading French engine manufacturer, has entered into strategic partnerships with two prominent Indian companies to strengthen the production of LEAP engine components. This collaboration aligns with the Indian government’s “Make in India” policy, reinforcing the country’s position in the global aerospace supply chain.
Eurowings, a subsidiary of the Lufthansa Group, is expanding its business by founding its own tour operator, Eurowings Holidays. The new company is scheduled to commence operations on April 1, 2025, aiming to offer customized travel packages to its customers.
Liebherr-Aerospace has inaugurated a new MRO service center at the Aerospace Hub in Dubai South, reinforcing its commitment to supporting aircraft maintenance operations in the Middle East.
Boeing has reported 45 aircraft deliveries for January 2025, making it the company’s busiest January in recent years. Among these deliveries, 40 were B737 MAX, including seven aircraft to unidentified Chinese airlines.
Archer Aviation, a U.S.-based aerospace company specializing in electric vertical takeoff and landing (eVTOL) aircraft, has announced the successful raise of $301.75 million in equity capital. This funding round saw participation from leading institutional investors, notably funds and accounts managed by BlackRock. The infusion of capital brings Archer’s total liquidity to approximately $1 billion, further…
ST Engineering‘s Commercial Aerospace division has announced the acquisition of Maintenance, Repair, and Overhaul (MRO) contracts for CFM56-7B and LEAP-1A engines from two prominent Middle Eastern airlines.
FL Technics, a globally recognized provider of aviation maintenance, repair, and overhaul (MRO) solutions, has initiated fleet support for a new client, Fly Vaayu of the United Arab Emirates. This partnership involves providing comprehensive maintenance services for Fly Vaayu’s Airbus A320 Passenger-to-Freighter (P2F) aircraft.
Maverick Horizon, an Ireland-based aviation company, executed key aircraft transactions in 2024 as part of its fleet optimization strategy.
JAL Group has reported its nine-month financial results for the fiscal year ending March 31, 2025, showing strong revenue growth and improved profitability. The airline posted total revenue of $8.9 billion, reflecting a 10.9% year-over-year increase, and a net profit of $586 million, marking a 6.0% rise from the previous period.
Dubai Aerospace Enterprise (DAE) has reported its full-year 2024 financial results, showing solid revenue growth and increased profitability. The company posted total revenue of $1.42 billion, while profit before tax reached $532.3 million, demonstrating strong financial resilience. As of December 31, 2024, DAE’s available liquidity stood at $3.78 billion, reinforcing its financial stability and investment capacity.
