Asia-Pacific Aerospace Briefs Today
March 3rd 2025
Today’s briefs report news from AerCap, Air India Express, Embraer, Rolls-Royce, Sabre, Spirit AeroSystems and ST Engineering. Read More »
Lessor AerCap has reported its net profit for full-year 2024 declined 33.1%, to US$2.1 billion, from US$3.1 billion in calendar 2023. Revenue improved 2.1% to US$6.4 billion, AerCap said in a regulatory filing. “Given AerCap’s strong outlook for 2025 and beyond, we are announcing a new US$1 billion share repurchase program and an increase in our quarterly dividend to US$0.27 per share,” AerCap CEO, Aengus Kelly, said.
Air India Express has selected Sabre’s network planning and optimization platform to support its expansion.
Embraer has confirmed its board has approved an extension of a pause in its E175-E2 regional jet development program by four years due to U.S. mainline scope discussions with pilot unions about the maximum takeoff weight limitation for aircraft configured with up to 76 seats.
Rolls-Royce CEO, Tufan Erginbilgic, said all of its businesses delivered “significantly improved performance” last year amid a challenging supply chain environment. The company reported a net profit of 2 billion pounds sterling (US$2.5 billion) for 2024, up 78% from 1.1 billion pounds sterling in 2023. Revenue was better by 17%, at 17.8 billion pounds sterling, Rolls-Royce said in a regulatory filing.
Singapore Technologies Engineering’s (ST Engineering) 2024 profit increased 19.7%, to S$702.3 million (US$520 million) in 2024, from an S$586.5 million net profit a year earlier. Revenue was up 11.6%, to S$11.3 billion, ST Engineering said. “We delivered a very strong set of results in 2024 despite an uncertain and challenging environment,” ST Engineering CEO, Vincent Chong, said.
Spirit AeroSystems lost US$2.1 billion in 2024, a deterioration from net losses of US$616 million in the previous year. Revenue increased 4% to US$6.3 billion, Spirit said in a regulatory filing. “As we advance towards the anticipated close of Boeing’s acquisition by mid-2025, we continue to make meaningful progress on several key fronts,” Spirit CEO, Pat Shanahan, said.
