A federal judge has overturned a decision that had awarded electric aircraft startup Zunum Aero $72 million in damages and dismissed all charges against Boeing.
FACC has reported significant revenue and earnings growth for the first half of 2024 backed by rate rises, notably the shift from Airbus A320neo to A321neo.
WESTJET announced that 16 aircraft suffered damage from August 5 hailstorm in Calgary, resulting in multiple proactive cancellations; it has determined sourcing required equipment/materials and completing repairs will take several weeks.
AVIATION CAPITAL GROUP had $5.4m net income on $280m revenues in 2Q24 vs $30.6m on $296m in 2Q23; it has owned/managed/committed fleet of 483 aircraft and expects to take seven aircraft (three MAXs/four A320s) in 2H24.
CHORUS AVIATION had C$181m net loss, inclusive of a previously disclosed C$187m impairment on discontinued operations, on C$351m revenues in 2Q24 vs C$20.3m net profit on C$327m in 2Q23. It generated C$28.2m in free cash flow.
US DISTRICT COURT dismissed lawsuit under the Clayton Antitrust Act seeking to block merger between ALASKA AIRLINES and HAWAIIAN AIRLINES; deal, to close in mid-2025, still faces regulatory review by US Department of Justice.
FUTURE FLIGHT GLOBAL signed MOU with Archer Aviation for planned purchase of up to 116 Midnight eVTOL aircraft worth up to $580m to launch air taxi services in several global markets, increasing Archer's indicative orderbook to $6b.
CANADA JETLINES announced resignation of four key executives, including its Chief Executive Officer, while emphasizing the need to secure additional capital to continue operations; Board is actively seeking potential sources.
