Copa Holdings, S.A. (NYSE: CPA), the prominent Latin American airline group, saw its shares tumble by 7.6% during after-hours trading following the release of its third-quarter 2024 earnings report. The company reported a significant year-on-year decline in net profit, coupled with a dip in key operational metrics, sparking concerns among investors. Declining profits and margins […]
In a stunning development, Boeing’s head of Defence, Space & Security, Ted Colbert, has left the company, marking a significant shakeup as the aerospace giant grapples with mounting operational issues. Colbert’s departure comes as Boeing endures a difficult 2024, marked by continued production troubles and safety concerns, particularly in the 737 Max program. With Colbert’s […]
AIP Capital, an alternative investment manager with a focus on commercial aviation, has announced the completion of a $240 million debt financing deal for ITA Airways, Italy’s national airline. The transaction is secured by three state-of-the-art Airbus A330-900neo aircraft, powered by Rolls-Royce Trent 7000 engines, known for their fuel efficiency and reduced emissions. This financing […]