Embraer’s EVE raises $94M in fresh capital through private share placement
EVE Air Mobility, Embraer’s Nasdaq-listed eVTOL subsidiary, has announced it has raised $94 million in new equity financing. …
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
Privatization of Pakistan International Airlines due in August 2024 – sources
The long-awaited privatization of Pakistan International Airlines (PIA) is expected to take place in early August 2024, according…
Boeing proposes using stock to buyout Spirit AeroSystems as talks near end
As talks reportedly near their end, Boeing has proposed using mostly company stock to purchase supplier Spirit AeroSystems…
EU likely to greenlight ITA Airways’ acquisition by Lufthansa, reports Bloomberg
The European Commission’s approval of the proposed acquisition by the Lufthansa Group of an equity stake in Italian…
Cathay Pacific continues revival with positive traffic figures for May 2024
Cathay Pacific has released its traffic figures for May 2024 which show the Hong-Kong-based carrier is continuing along…
Grounded carrier Air Vanuatu eyes potential investors to fund revival
The liquidators acting on behalf of grounded South Pacific carrier Air Vanuatu have announced that several entities have…
Retirements to tighten narrowbody freighter capacity amid e-commerce growth
As the freighter market has begun to stabilize after the return of passenger aircraft belly capacity, the drop…
American Airlines cuts profit forecasts as Chief Commercial Officer departs
American Airlines has simultaneously announced a cut in its profit forecasts for 2024 along with the sudden and…
AirAsia X flying high as profits soar in 1Q24, plans for new A321XLR
AirAsia X has recorded a solid start to 2024, as reported in its financial results for the first…
Ryanair records annual profits of over $2bn with rises set to continue
Ryanair, Europe’s largest low-cost carrier has recorded the highest annual profits in its history, with rises in passenger…
Singapore Airlines to give staff eight months’ salary bonus after record profit
All Singapore Airlines staff will receive eight months’ worth of salary as bonus after the Singapore Airlines Group…
Avia Solutions Group issues $300m worth of new bonds
Avia Solutions Group, a world leader in aviation services, has successfully completed a US$300 million issue of five-year…
Emirates Group announces record annual profit of $5.1 billion, up 71%
The Emirates Group has announced its financial results for the 2023-24 fiscal year. Comprising the airline Emirates and…
Abra Group, Avianca’s parent company, buys stake in Spanish carrier Wamos Air
Abra Group, the parent company of Avianca and Brazilian low-cost carrier GOL, announced, on May 9, 2024, that…
Thai Airways to complete restructuring process in 2024 despite ongoing issues
Thai Airways International (Thai) has announced that it expects to complete its current restructuring process later in 2024.…
Etihad Airways reports strong profit growth in Q1 2024
Etihad Airways has disclosed its financial results for the first quarter of 2024. The airline reported a profit…
Ryanair’s complaint against Condor’s 2021 state aid upheld by European Court
On May 8, 2024, the European Union’s General Court annulled a previous decision made by the European Commission…
Embraer reports reduced net loss and strong backlog in Q1 2024 earnings
Embraer, the Brazilian aircraft manufacturer, has released its earnings report for the first quarter of 2024. Revenue for…