SpeedNews

PRECISION AEROSPACE, Dallas acquired OWENS MACHINE AND TOOL, TX (multifaceted parts, tooling and prototypes).

Jim Bohlman to Chief Operating Officer of Avix Aero, Dallas; Sai Kalegowda was named Chief Information Officer.

Till Streichert to Chief Financial Officer of Deutsche Lufthansa, Germany.

LOT POLISH AIRLINES agreed to lease three new 136-seat E195-E2s from Azorra for delivery in 3Q24.

ARGUS INTERNATIONAL reports y-o-y global business aviation flight activity was up 1.7% in April; Europe rose 3.9%.

GULFSTREAM AEROSPACE secured steep-approach certification for G600 from FAA.

SUN COUNTRY AIRLINES had $35.3m net income on $311m revenues in 1Q24 vs $38.3m on $294m in 1Q23.

RENEGADE AIR, Kenya agreed to lease ATR 72-500F (875; ex-TruJet) from Abelo.

HIGH RIDGE AVIATION upsized it warehouse credit facility (to >$1b) with three new lenders joining three existing lenders.

REGIONAL ONE, FL purchased three Dash 8-400s from Nordic Aviation Capital.

EMIRATES announced plan to retrofit an additional 71 aircraft (43 A380s and 28 777s), increasing nose-to-tail cabin refreshes to 191 aircraft (110 A380s and 81 777s); complete program now calls for 8,104 next-gen premium economy seats, 1,894 refreshed first class suites, 11,182 upgraded business class seats and 21,814 economy class seats.

ATSG had $8.6m net income on $486m revenues in 1Q24 vs $20.1m on $501m in 1Q23. It also announced deal to operate 10 additional 767Fs for Amazon by end of 2024, and to extend their commercial flying agreement to May 2029.

SCOOT launched E190-E2 operations (Singapore-Krabi, Thailand). It is leasing nine from Azorra; first two were delivered.

ALLEGIANT AIR had $11.4m net income on $632.5m revenues in 1Q24 vs $59.9m on $649.7m in 1Q23.

URBANLINK (led by Ed Wegel) agreed to order 20 Lilium Jet eVTOL aircraft for operation in South Florida; order follows start of assembly of the first Lilium Jet at end 2023 with the first piloted flight test targeted to occur in late 2024.