You are receiving this message because you have visited our site and requested to be contacted. If you no longer wish to be contacted, please use the removal link:Â REMOVE. | | | | Revolutionize Your Global Banking with SouthBanking! | | Discover the power of SouthBanking's innovative platform. Manage multi-currency accounts, digital tokens, and seamless international transactions with ease. Enjoy secure, efficient, and accessible global banking tailored to meet your needs. Whether for personal or business use, SouthBanking simplifies your financial operations and puts you in control. | | | | | Etihad Airways Sees Record Profit Surge | | | | Etihad Airways achieves record-breaking performance Etihad Airways has reported an impressive rise in its annual net profit, reaching Dhs1.7 billion ($476 million), marking a significant milestone for the Abu Dhabi-based airline. This achievement reflects a remarkable 25% growth in revenues, which reached Dhs25.3 billion, alongside a 32% surge in passenger numbers.
Significant improvements in operational efficiency The airline attributes its success to substantial enhancements in operational efficiency. Both overall unit costs, including and excluding fuel, saw reductions during the year. Additionally, EBITDA grew by 32%, reaching Dhs4.6 billion.
Substantial reduction in finance costs Etihad also benefited from a considerable decrease in net finance costs, nearly Dhs1 billion, contributing to the boost in profitability. The airline’s previous net profit stood at Dhs523 million.
Fleet expansion and network growth As part of its strategy, Etihad expanded its fleet to a total of 97 aircraft, adding 12 new planes, including six Airbus A321neos, and reintroducing a fifth A380. The airline also strengthened its global reach by launching 20 new destinations, including cities like Boston, Bali, Nice, and Nairobi. At least 10 of these routes are set to begin in the near future.
Cargo revenue up 24% Etihad's cargo division also experienced growth, with revenues increasing by 24% to Dhs4.2 billion, driven by higher yields in the latter part of the year. | | | | Maximize Your Reach With Targeted Newsletter Ads | | Welcome to Paws & Tails – the ultimate newsletter for pet lovers who see their furry friends as family. Dive into heartwarming stories, expert pet care tips, and the latest in pet lifestyle trends, all designed to celebrate the joy cats and dogs bring to our lives. With every edition, Paws & Tails delivers engaging content that keeps readers coming back for more, while giving advertisers the perfect platform to connect with a passionate, pet-focused audience.
Our readership is 75% female and 25% male, featuring dedicated pet owners, animal enthusiasts, and pet care professionals who live and breathe all things paws and tails. Spanning ages 25 to 54, these readers earn $50,000 to $100,000 annually and are eager for insights on pet health, training, nutrition, and the newest pet-friendly products. Rooted in suburban and urban communities across the U.S., especially pet-friendly hotspots, this audience prioritizes the well-being of their four-legged companions.
Advertise with Paws & Tails to connect with an engaged community that’s as loyal as the pets they love! | | | | | Wisk Aero Advances Autonomous Air Taxi Testing | | | | Wisk Aero pushes forward with wind-tunnel testing Wisk Aero, a leading developer of autonomous air taxis, is advancing its testing efforts with a subscale model of its pilotless aircraft at Boeing’s V/STOL Wind Tunnel (BVWT) facility in Philadelphia. This aerodynamics testing program is set to include hundreds of test runs, providing critical data for the development of Wisk's full-sized air taxi.
Testing to support full-size prototype flights The data collected during these tests will play a crucial role in the design of Wisk’s full-scale aircraft, directly feeding into the aerodynamic simulations that will support the flight-test and certification process. These simulations will help in planning for full-scale test flights, evaluating failure scenarios, and ensuring flight safety.
Boeing's advanced wind tunnel facility Boeing’s BVWT facility, designed specifically for vertical-lift testing, allows for highly flexible simulations. The test section can be reconfigured for various flight conditions, from hover and low-speed transitions to higher-speed flight, enabling accurate testing of the air taxi’s capabilities across different flight regimes.
Gen 6 air taxi and future plans Wisk is working toward launching passenger-carrying, autonomous flights with its “Gen 6” air taxi before the decade ends. The company is currently assembling its first full-size prototype in Mountain View, California. This prototype marks the first step in a series of full-size models that will undergo flight tests to inform the certification of the Gen 6 aircraft.
Boeing’s support and facilities As a wholly owned subsidiary of Boeing, Wisk Aero has benefited from the expertise and resources of its parent company, utilizing Boeing’s facilities to refine its designs and advance its air taxi technology.
Subscale model testing for precise data The subscale model, approximately one-quarter the size of the Gen 6, is being used to simulate various flight conditions, such as extreme angles of attack and side-slip during hover. This data will provide a strong foundation for further refining the full-scale aircraft’s aerodynamics and flight performance. | | | | | | | | | | Dubai Aerospace to Acquire Nordic Aviation Capital for $2 Billion | | | | Approval of $2 Billion Acquisition Shareholders of Nordic Aviation Capital (NAC) have approved the company’s acquisition by Dubai Aerospace Enterprise (DAE), a deal valued at over $2 billion, including outstanding debt. The acquisition received strong support, with 85% of shareholders voting in favor. The transaction is set to close within the first half of the year, pending regulatory approval.
NAC’s Fleet and Clientele NAC’s portfolio, at the close of the previous year, included more than 230 owned and committed aircraft. The company has established relationships with around 60 customers worldwide, enhancing its appeal to DAE. These assets played a significant role in the acquisition's attractiveness.
DAE’s Expansive Aircraft Portfolio DAE’s aircraft portfolio is considerably larger, comprising 506 aircraft. This includes 223 Boeing models, 216 Airbus jets, and 67 ATRs. Of this total, 329 aircraft are owned, 110 are managed, and 67 are committed for future delivery, reinforcing DAE's position in the industry.
Strategic Industry Move This acquisition will further strengthen DAE’s presence in the aviation market, expanding its fleet and customer base significantly. The integration of NAC’s assets into DAE’s existing portfolio marks a major strategic move within the aviation leasing industry. | | | | BAE Systems Invests $65 Million in Electric Aviation Expansion | | | | New Facility in New York BAE Systems is expanding its electric aviation capabilities with a new technology development and production site in Endicott, New York. This strategic expansion, backed by an $8.5 million state tax credit, represents a $65 million investment by the aerospace firm. The new facility will focus on the development of high-voltage energy storage technologies to support the growing electric aircraft market.
Increased Capacity for Energy Storage Systems The expansion will add 150,000 square feet to BAE’s existing Endicott site. This additional space will house new pilot production lines, fully automated high-volume manufacturing capabilities, and a cutting-edge engineering laboratory designed for testing battery cells and energy storage systems.
Long-Term Vision for Electric Aviation While the focus has shifted from electric air taxis to hybrid-electric propulsion in recent years, BAE’s commitment to the electric aircraft segment remains strong. The company sees electric systems as essential to the future of aviation, positioning itself at the forefront of this market with its expanding infrastructure and expertise.
A Forward-Looking Commitment This expansion strengthens BAE’s role in the commercial aircraft electrification sector, with the company planning to complete the project in the coming years. The new site will enable enhanced energy storage system development, increasing production capacity and supporting future electric aircraft programs. | | | | Airbus Eyes 820 Aircraft Deliveries in 2025 | | | | Airbus forecasts a target of 820 commercial aircraft deliveries for this year, surpassing the 766 units delivered in 2024.
This forecast comes as the airframer disclosed its full-year financial results. The rise in deliveries for the previous year contributed to a 6% increase in revenues for the commercial aircraft division, which reached €50.6 billion.
In 2024, Airbus delivered 57 A350s, 32 A330s, 602 A320neo-family jets, and 75 A220 aircraft, while generating adjusted earnings of €5.09 billion, marking a 5.7% increase.
Impact of Higher Deliveries and Investments The company attributes the rise in revenue to the higher number of deliveries, though this was somewhat offset by investments made for future production and development. With net orders totaling 826 aircraft, Airbus’s order backlog stood at 8,658 at the end of the year, signaling strong demand across its product range.
Outlook for 2025 and Potential Challenges Airbus's outlook for this year remains cautiously optimistic, with expectations for a “broadly neutral” impact on adjusted earnings from the integration of Spirit AeroSystems' work packages. Compensation from Spirit is anticipated to mitigate any adverse effects on free cash flow.
The company assumes no additional disruptions to global trade or the supply chain and has excluded potential impacts from new tariffs that could emerge under the current U.S. administration. |
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