Asia-Pacific Aerospace Briefs Today
March 2nd 2026
Today’s briefs report news from Dubai Aerospace Enterprise, Etihad Cargo, International Air Transport Association, Lufthansa Group, Macquarie AirFinance, Rolls-Royce and ST Engineering. Read More »
Lessor and maintenance, repair and overhaul (MRO) services provider, Dubai Aerospace Enterprise, has signed a definitive agreement to acquire 100% of aircraft leasing company, Macquarie AirFinance, in an all-cash transaction. The deal was agreed with an enterprise value of Macquarie AirFinance of US$7 billion. "Our increased scale and presence, along with an enhanced order book, will allow us to serve an additional number of customers with competitively priced offerings that reflect the synergies associated with our new scale," DAE CEO, Firoz Tarapore, said. Macquarie AirFinance CEO, Eamonn Bane, said: "The value reflected in this transaction underscores the strength of our portfolio, the depth of our relationships with customers, OEMs and our financiers, and the dedication of our global team."
Etihad Cargo has launched a logistics training academy, known as the Etihad Cargo Excellence Hub.
Lufthansa Group carriers, Edelweiss Air, Lufthansa and Swiss International Airlines, have joined the International Air Transport Association’s (IATA) Turbulence Aware platform, which collects anonymised data on the intensity of turbulence from participating airlines to supplement traditional weather forecasts and enables more precise flight planning.
Rolls-Royce has launched a fresh £2.3 billion (US$3.1 billion) share buyback program to return surplus capital to shareholders. The buyback was announced on the day the company reported operating profit rose 38% to £3.5 billion in calendar 2025. Revenue was up 14% at £20.1 billion, Rolls-Royce said in a regulatory filing. "With our new capabilities and mindset, we have navigated challenges from supply chain to tariffs, and delivered a strong performance in 2025, all while we built the foundations for significant growth for years to come," Rolls-Royce CEO, Tufan Erginbilgic, said. "Our upgraded mid-term targets include underlying operating profit of £4.9bn-£5.2bn and free cash flow of £5.0bn-£5.3bn. Beyond the mid-term we continue to see significant growth from existing businesses as well as from new business opportunities."
ST Engineering has reported net profit of S$462.8 million (US$366 million) for calendar 2025, down 34.1% from S$702.3 million in 2024. The company said the bottom line was impacted by non-cash impairment losses, which were partially offset by gains from investments. Underlying net profit, which excluded these one-off charges, was up 21% at S$850.8 million, ST Engineering said in a regulatory filing. Revenue rose 9.5% to S$12.3 billion. "Looking ahead, supported by strong growth momentum and a robust order book, the group is well positioned to deliver on our strategic objectives and 2029 targets," ST Engineering CEO, Vincent Chong, said.
