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Aerospace

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OLIVER WYMAN

Feb 03, 2024
OLIVER WYMAN completed acquisition of SEATEC CONSULTING, Atlanta, to be combined with CAVOK to provide consulting for aviation industry.
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LOGANAIR

Feb 03, 2024
LOGANAIR signed MOU with Cranfield Aerospace Solutions to equip a BN Islander with hydrogen-electric engine for '27.
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ZEROAVIA

Feb 03, 2024
ZEROAVIA reached agreement with Germany's FLYV to explore use of its hydrogen-electric engines for flyv's proposed regional services with 10-pax aircraft; companies will also work together to identify the most lucrative mobility networks.
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HONEYWELL

Feb 06, 2024
HONEYWELL is investing $84m to expand its manufacturing facility in Olathe, KS, which produces components for avionics, safety and flight control systems and radio frequency systems for TCAS, radar altimeters, and weather radar.
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BOEING

Feb 06, 2024
BOEING was reportedly notified by Spirit AeroSystems of problem with two rivet holes on 50 undelivered MAX fuselages (not a safety issue), which will require inspection and rework prior to delivery; some fuselage shipments are being held.
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TRIUMPH

Feb 06, 2024
TRIUMPH opened Thermal Solutions Development Center in West Hartford, CT.
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SOUTHWEST AIRLINES

Feb 06, 2024
SOUTHWEST AIRLINES is adding ASTRONICS onboard power ports and larger BOEING overhead bins to existing 737-800s/-8s over next few years.
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RECARO

Feb 06, 2024
RECARO was selected by Southwest to supply BL3710 economy class seats for new 737-8s from 2025; seat includes multi-adjustable headrest, ergonomically enhanced seat bottom, backrest with lumbar support and new armrest.
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RECARO

Feb 06, 2024
RECARO was selected by Air India to supply CL3710/3810 economy class seats and PL3530 premium economy seats for 86 777s/787s/A350s from 2024.
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SPIRIT AEROSYSTEMS

Feb 06, 2024
SPIRIT AEROSYSTEMS had $633m net loss on $6b revenues in 2023 vs $546m loss on $5b in 2022; it had $59m net income in 4Q23 based on forward loss reversals of $205.6m and material right obligation liability reversal of $155m related to 787 program. It delivered 1,418 shipsets (356 737) in 2023 vs 1,297 (281) in 2022, but would not provide any guidance for 2024 until there is further clarity on 737 MAX production rates and ongoing price negotiations with Airbus.
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CAMTRONICS

Feb 06, 2024
CAMTRONICS, OK was designated by Sensor Systems as its exclusive warranty and service center for its antennas; both are HEICO companies.
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AMETEK

Feb 06, 2024
AMETEK had $1.3b net income on record $6.6b sales in 2023 vs $1.2b on $6.2b in 2022; y-o-y sales rose 6.5% in 4Q23.
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AIRBUS

Feb 06, 2024
AIRBUS reportedly plans to add a second A320neo Family assembly line at Tianjin by end of 2025; first opened in July 2023.
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ACITURRI

Feb 06, 2024
ACITURRI, Spain purchased remaining 24.05% stake in ALESTIS AEROSPACE, Spain (aerostructures) from SEPI, and now owns 100%. Alestis will maintain its facilities in Cádiz, Seville, Getafe, Vitoria and Sao Jose dos Campos, Brazil.
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ALPINE ADVANCED MATERIALS

Feb 06, 2024
ALPINE ADVANCED MATERIALS and ALLEGHENY PERFORMANCE PLASTICS formed strategic alliance to pursue manufacturing opportunities around HX5 reinforced polymer.
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NTSB

Feb 08, 2024
NTSB confirmed four bolts needed to secure exit door (MED) plug on Alaska Airlines' 737-9 were removed on Boeing's factory floor (by Spirit AeroSystems' workers) as part of pre-delivery repair of damaged fuselage and never re-installed.
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DAE

Feb 08, 2024
DAE had $350.6m net profit on $1.3b revenues in 2023 vs $279.3m loss on $1.1b in 2022. It has $4.1b in total liquidity.
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TRIUMPH

Feb 08, 2024
TRIUMPH had $15.9m net income on $285m sales in third quarter ended Dec 31 vs $11m profit on $262m a year ago; excluding impacts from divestitures and exited/sunsetting programs, organic Commercial OEM sales increased 27.5%.
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HEROUX-DEVTEK

Feb 08, 2024
HEROUX-DEVTEK had C$9m net income on C$163.5m sales in third quarter ended Dec 31 vs C$1.8m on $141m a year ago; Civil sales were up 41.4%, mainly driven by increased landing gear deliveries for 777 and Praetor programs.
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DHL GLOBAL FORWARDING AND FRAPORT

Feb 08, 2024
DHL GLOBAL FORWARDING and FRAPORT broke ground on 27,500 sq meter air freight center at Frankfurt Airport for completion in mid-2025.
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AVIATION PARTNERS BOEING

Feb 08, 2024
AVIATION PARTNERS BOEING has Qantas order to supply split scimitar winglets for 23 737NGs for installation in Brisbane.
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COSMIC AEROSPACE

Feb 08, 2024
COSMIC AEROSPACE, Denver raised $4.5m in seed financing to accelerate development of its electric aircraft with range of 1,000 km (>600 miles); its full-scale flight demonstrator is on track for first flight in 2026/entry into service by 2030.
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AIRBUS

Feb 08, 2024
AIRBUS delivered 30 aircraft (two A220s; 26 A320neo Family; two A330s) in January vs 20 (two A220s; 16 A320s; A330; A350) in Jan '23. It firmed up previously announced order from ETHIOPIAN AIRLINES for 11 A350-900s (SPNWS; Nov 17).
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INDRA

Feb 09, 2024
INDRA was selected by NAV CANADA to deploy flight data processing and an air traffic flow management systems for Trajectory-Based Operations.
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TRANSDIGM GROUP

Feb 09, 2024
TRANSDIGM GROUP had $382m net income on $1.8b sales for first quarter ended Dec 31 vs $229m on $1.4b a year ago.
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S&P GLOBAL RATINGS

Feb 09, 2024
S&P GLOBAL RATINGS raised Embraer's credit rating from “BB+” to “BBB-” and maintained a stable outlook.
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HEROPS

Feb 09, 2024
HEROPS (Hydrogen-Electric Zero Emission Propulsion System) was launched by Collins Aerospace, Eaton, Lufthansa Technik, MT Aerospace, MTU Aero Engines, NLR and Technical University Vienna to develop technologies for a hydrogen-powered electric powertrain, based on MTU’s Flying Fuel Cell, for regional aircraft for operation starting in 2035.
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DYNAMATIC TECHNOLOGIES

Feb 09, 2024
DYNAMATIC TECHNOLOGIES, India has contracts from Airbus to supply main pax doors, service doors, cargo doors and over-wing emergency exit doors for the A220 and from Dassault to supply flight-critical aerostructures for Falcon 6X.

Air Transport

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ASL AIRLINES FRANCE

Feb 03, 2024
ASL AIRLINES FRANCE took delivery of 737-800BDSF (28323; ex-Blue Air), not BCF, following conversion by IAI at TIANJIN HAITE (SPNWS; Feb 2).
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GLOBAL AIRLINES

Feb 03, 2024
GLOBAL AIRLINES, UK completed acquisition of ex-China Southern A380 (120) from Jet Midwest; aircraft is currently at Mojave, where BUSINESS CLASS AVIATION (BCA), with support from HIFLY, have completed return to service work.
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SPIRIT AIRLINES

Feb 03, 2024
SPIRIT AIRLINES sold GTF-powered A321neo (11880) to Air Lease Corporation and leased it back.
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SKYWEST

Feb 03, 2024
SKYWEST acquired 25% stake in CONTOUR AIRLINES, TN (nine CRJs/23 ERJs) in deal that also includes an asset provisioning agreement under which SkyWest will provide CRJ airframes, engines and rotable parts to Contour.
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SKYWEST

Feb 03, 2024
SKYWEST had $34.3m net income on $2.9b revenues in 2023 vs $73m on $3b in 2022. It ended year with 237 E175s (and 248 CRJs) and plans to take delivery of five in 2024 and eight each in 2025 and 2026, ending '26 with 258 E175s.
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SWISS

Feb 03, 2024
SWISS plans May 7 to begin thrice-weekly Zurich-Seoul (A340).
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ASL AVIATION HOLDINGS

Feb 03, 2024
ASL AVIATION HOLDINGS transferred 737-800BCF (34797) to PIONEER (ASL Airlines Australia), its first -800BCF.
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US DOT

Feb 06, 2024
US DOT says US airlines operated 598,987 flights in Nov 2023, up 6.8% vs Nov 2022; on-time arrival rate was 86.3%.
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SMARTLYNX THAILAND

Feb 06, 2024
SMARTLYNX THAILAND is expected to be launched in 3Q24 to provide ACMI services with three A320-200s.
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SAS

Feb 06, 2024
SAS has filed a second amended Chapter 11 Plan of Reorganization and related disclosure statement with US Bankruptcy Court that outlines expected recoveries for general unsecured creditors; approval is expected by end 1Q24.
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AIRCASTLE

Feb 06, 2024
AIRCASTLE purchased two LEAP-powered A320neos (8926/9017; leased to SALAMAIR) from Aviation Capital Group.
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YETI AIRLINES

Feb 06, 2024
YETI AIRLINES purchased two ATR 72-500s (805/816) from NovoAir, Bangladesh; Airstream arranged transaction.
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JAL GROUP

Feb 06, 2024
JAL GROUP had ¥85.8b net income on ¥1,249b revenues in April-December vs ¥16.3b on ¥1,005b a year ago.
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AIR SENEGAL

Feb 06, 2024
AIR SENEGAL retained Blueberry Aviation to exclusively remarket two ATR 72-600s (1447/1452); over the past two years, BLUEBERRY AVIATION has placed 14 ATR 72-600s and has sourced two ATR 72-500s on behalf of investors.
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US DOT

Feb 06, 2024
US DOT reports US airline fuel cost was $2.80/gallon in December vs $3.01 in Nov 2023; y-o-y consumption rose 7.5%.
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INDIGO

Feb 06, 2024
INDIGO, India had INR 30b net income for third quarter ended Dec 31 vs INR 14.2b a year ago; revenues rose 30.2% to INR 200.6b. It ended quarter with 358 aircraft: 278 A320neo Fam; 31 A320ceos; 44 ATRs; three A321P2Fs; two 777s.
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JFK

Feb 06, 2024
JFK handled 5.2m pax in December, up 6.7% vs Dec 2022.
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NEWARK LIBERTY INTL

Feb 06, 2024
NEWARK LIBERTY INTL handled 4m paxin December, up 1.2% vs Dec 2022.
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LAGUARDIA

Feb 06, 2024
LAGUARDIA handled 2.7m pax in December, up 6% vs Dec 2022.
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EC

Feb 06, 2024
EC opened investigation into France's contemplated amendments to 2020 restructuring plan for CORSAIR to ensure they are in line with EU state aid rules; original plan provided €106.7m in restructuring aid and €30.2m in compensatory aid.
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WESTJET

Feb 06, 2024
WESTJET says it plans to grow transborder seat capacity by 26% in Summer 2024 (by 70% to Delta hubs), including adding new service between Regina and Minneapolis, Vancouver and Detroit, and Edmonton and Atlanta (737).
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ALLEGIANT AIR

Feb 06, 2024
ALLEGIANT AIR had $140.5m net income on $2.5b revenues in 2023 vs $44.6m on $2.3b in 2022. It has 126 aircraft.
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SPIRIT AIRLINES

Feb 06, 2024
SPIRIT AIRLINES took delivery of new A321neo (11789) on lease from Aviation Capital Group, concluding 4-aircraft deal.
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LUFTHANSA SYSTEMS

Feb 06, 2024
LUFTHANSA SYSTEMS has Japan Airlines contract to convert current use of NetLine/Ops++ MaintenanceControl to its Global Aviation Cloud product.
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JETBLUE

Feb 06, 2024
JETBLUE has retained necessary slots at Schiphol to continue service to Amsterdam during summer 2024 season.
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COPA

Feb 06, 2024
COPA plans in June to begin Panama City-Tulum, Mexico/-Florianopolis, Brazil/-Raleigh-Durham, NC (737).
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EMIRATES

Feb 06, 2024
EMIRATES plans October 28 to begin daily Dubai-Adelaide, Australia (777-200LR).
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GARUDA INDONESIA

Feb 06, 2024
GARUDA INDONESIA plans April 4 to begin daily Jakarta-Doha (777-300); QATAR AIRWAYS will codeshare.
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JAZEERA AIRWAYS

Feb 06, 2024
JAZEERA AIRWAYS had KD6.13m net income for 2023, down 69.5% vs 2022; revenues rose 8.8% to KD198.1m.
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FRONTIER AIRLINES

Feb 06, 2024
FRONTIER AIRLINES had $11m net loss on $3.6b revenues in 2023 vs $37m loss on $3.3b in 2022; it lost $37m in 4Q23. It ended year with fleet of 136 A320 Family aircraft, all financed through operating leases that expire in 2025-2035.
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CONDOR

Feb 06, 2024
CONDOR plans in September 2024 to begin Frankfurt-Bangkok/-Phuket (A330-900).
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GEORGIAN AIRWAYS

Feb 06, 2024
GEORGIAN AIRWAYS has added a Global 6000 to its fleet to operate business aviation charters.
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QATAR AIRWAYS

Feb 06, 2024
QATAR AIRWAYS plans June 2 to begin four-times-weekly Doha-Tashkent, Uzbekistan (A320).
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AVELO AIRLINES

Feb 06, 2024
AVELO AIRLINES plans in May to begin New Haven, CT-Atlanta/-Charlotte/-Knoxville/-Destin, FL (737).
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UPS

Feb 08, 2024
UPS agreed to purchase two 747-8Fs (37564/63199) from Qatar Airways, which will now fly all-777F cargo fleet.
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CEBU PACIFIC

Feb 08, 2024
CEBU PACIFIC, Philippines leased ex-Chengdu A320-200 (5003) with CFM56s from CALC.
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CHALLENGE GROUP

Feb 08, 2024
CHALLENGE GROUP has acquired ex-Magma Aviation 747-400F (26563) with PW4056s from AviaAM Leasing.
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AKASA AIR

Feb 08, 2024
AKASA AIR, India sold second new 737-8 (61288) to Aircastle and leased it back.
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BBN AIRLINES INDONESIA

Feb 08, 2024
BBN AIRLINES INDONESIA acquired three 737-800s from DAE (29676; ex-Sriwijaya), BBAM (39390; ex-Garuda) and ALC (36121; ex-Corendon Dutch) and 737-400SF (26302; ex-Bluebird Nordic) for charter services starting in 2Q24.
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AIR INDIA

Feb 08, 2024
AIR INDIA took delivery of ex-Etihad 777-300ER (39687) on lease from Altavair (SPNWS; March 31).
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AVIA SOLUTIONS GROUP

Feb 08, 2024
AVIA SOLUTIONS GROUP is expected to begin placing A321P2Fs with its Australia-based charter airline SKYTRANS.
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AIR INDIA

Feb 08, 2024
AIR INDIA took delivery of second A320neo (11933) with LEAPs from SMBC Aviation Capital under deal for six.
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COPA

Feb 09, 2024
COPA had $518.2m net income on $3.5b revenues in 2023 vs $348.1m on $3b in 2022; y-o-y block hours rose 12.4%.
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AVOLON

Feb 09, 2024
AVOLON had $339m net income on $2.5b lease revenues in 2023 vs $9m on $2.3b in 2022, and ended year with $7.2b in total liquidity. It has owned/managed/committed fleet of 1,035 aircraft on lease with 146 airline customers (65 countries).
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BEOND

Feb 09, 2024
BEOND, Dubai leased an undisclosed A321-200 for operation from mid-2024, following reconfiguration to 68-pax layout.
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SPIRIT AIRLINES

Feb 06, 2024
SPIRIT AIRLINES took delivery of new A321neo (11789) on lease from Aviation Capital Group, concluding 4-aircraft deal.
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THAI AIRWAYS

Feb 09, 2024
THAI AIRWAYS is expected to announce order for 45 787s, plus 35 options, according to unconfirmed media reports.
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7AIR CARGO

Feb 09, 2024
7AIR CARGO, FL is being established by Xtreme Aviation to launch all-cargo services with two 737s (TBA) by end 2024.
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FLAIR AIRLINES

Feb 09, 2024
Canada's FLAIR AIRLINES and LYNX AIR are reportedly in talks to merge, according to unconfirmed media reports.
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US DOT

Feb 09, 2024
US DOT reports US airlines carried 77.7m pax in November 2023 (all-time high for a November), up 8.1% vs Nov 2022.
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AZORRA

Feb 09, 2024
AZORRA, FL completed novation of its fifth A330-300 (1635; leased to TURKISH AIRLINES).
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PLAY

Feb 09, 2024
PLAY, Iceland doubled its revenue to $282m in 2023 from $140m in 2022; it ended year with 10 aircraft, but says it now has no plans to take more aircraft in 2024 in order to increase liquidity; it also canceled LOIs for two aircraft for 2025.

Business Aviation

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READING AVIATION

Feb 03, 2024
READING AVIATION launched single FBO at Reading Regional Airport, PA out of 18,000 sq ft building fomerly operated by Millenium Aviation, plus 70,000 sq ft of hangar space; authority-run unit merged the two prior operations on airfield.
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VISTA

Feb 06, 2024
VISTA reports y-o-y growth of 17% in on-fleet hours in 2023, driven by membership; >50% were from outside the US.
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GLOBAL JET CAPITAL

Feb 06, 2024
GLOBAL JET CAPITAL has surpassed $4b in aircraft financing originations to users of new and pre-owned aircraft.
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PIPER AIRCRAFT

Feb 06, 2024
PIPER AIRCRAFT announced the M700 FURY single-engine turboprop (700 shp PT6A-52) with 1,149 nm max range.
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GOGO

Feb 08, 2024
GOGO was selected by NetJets to upgrade US aircraft with AVANCE L5, 5G and Galileo LEO broadband satellite service.
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DAHER

Feb 08, 2024
DAHER has created an Industrial Services division with activities of the Assistance Aéronautique et Aérospatiale (AAA).
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BRISTOW IRELAND

Feb 08, 2024
BRISTOW IRELAND received its AOC from the Irish Aviation Authority to provide Coast Guard SAR services with AW189s.
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SATCOM DIRECT

Feb 08, 2024
SATCOM DIRECT opened new office in Basel, Switzerland to accelerate product enhancements, develop software initiatives, and support the continued evolution of SD Pro, its flight operations management system, in Europe.
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NEW SOUTH WALES AMBULANCE

Feb 09, 2024
NEW SOUTH WALES AMBULANCE, Australia has placed its first PC-24 into service; it has a second on order with Pilatus.

Defense

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BAE SYSTEMS

Feb 03, 2024
BAE SYSTEMS acquired MALLOY AERONAUTICS, UK for UAS development.

MRO

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RELIANCE AIRCRAFT INTERNATIONAL

Feb 03, 2024
RELIANCE AIRCRAFT INTERNATIONAL, TX purchased ex-ABX 767-200BDSF (22213; airframe only) for part out.
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SAUDIA TECHNIC and EMBRAER SERVICES & SUPPORT

Feb 06, 2024
SAUDIA TECHNIC and EMBRAER SERVICES & SUPPORT signed MOU to collaborate on maintenance and training capabilities, with a focus on the E2-Jet and Executive Aviation, to enhance growth in aviation in Saudi Arabia.
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AEROFIELD SERVICES

Feb 08, 2024
AEROFIELD SERVICES (AFS) was selected by ecube to provide maintenance services for stored aircraft at Coolidge, AZ.
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WALLAN GROUP

Feb 08, 2024
WALLAN GROUP, Saudi Arabia was named by Textron Aviation as an authorized service facility for Beechcraft King Air.
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HESTON MRO

Feb 09, 2024
HESTON MRO, Australia acquired Melbourne-based AVIATION NDT SERVICES. It plans to get approval for NDT training.
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EXECUJET HAITE

Feb 09, 2024
EXECUJET HAITE received CAAC approval to perform heavy maintenance on G650s and G650ERs at Tianjin Binhai.
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LUFTHANSA TECHNIK

Feb 09, 2024
LUFTHANSA TECHNIK has 8-year China Southern Airlines contract to maintain HGT1700 APUs for its 20 A350-900s.
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JOBY AVIATION

Feb 09, 2024
JOBY AVIATION and ARCHER AVIATION both received their Part 145 Repair Station Certificate from the FAA.

Who'sNews

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WHO'SNEWS: GLOBAL CROSSING AIRLINES

Feb 06, 2024
Ryan Goepel, Chief Financial Officer of Global Crossing Airlines, Miami, was also named President.
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WHO'SNEWS: GLOBAL CROSSING AIRLINES

Feb 06, 2024
Chris Jamroz to Executive Chairman of Global Crossing Airlines, Miami; Ed Wegel will continue as Director and Senior Advisor.
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WHO'SNEWS: ALLIANCE AVIATION SERVICES

Feb 06, 2024
Stewart Tully was promoted to Chief Executive Officer of Alliance Aviation Services, Australia; Scott McMillan will remain Managing Director.
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WHO'SNEWS: CONDOR

Feb 06, 2024
Peter Gerber to Chief Executive Officer of Condor, Germany.
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WHO'SNEWS: WHEELS UP

Feb 06, 2024
Dave Holtz to Chief Operating Officer of Wheels Up, Atlanta.
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WHO'SNEWS: NOMAD AVIATION

Feb 06, 2024
Roberto Feijoo Lopez to Chief Financial Officer of Nomad Aviation, Switzerland.
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WHO'SNEWS: WHEELS UP

Feb 06, 2024
Patrick Burns to Senior Vice President-Flight Operations of Wheels Up, Atlanta; Todd Wesoloskie to Vice President-Flight Operations.
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WHO'SNEWS: WHEELS UP

Feb 06, 2024
Rob Hamilton to Senior Vice President-Operations of Wheels Up, Atlanta.
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WHO'SNEWS: WHEELS UP

Feb 06, 2024
Pat Busscher to Senior Vice President-Maintenance of Wheels Up, Atlanta.
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WHO'SNEWS: SR TECHNICS

Feb 06, 2024
Owen McClave to Chief Executive Officer of SR Technics, Switzerland.
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WHO'SNEWS: ONEWORLD

Feb 06, 2024
Nathaniel Pieper to Chief Executive Officer of oneworld (effective April 1).
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WHO'SNEWS: C&L AEROSPACE

Feb 06, 2024
Taylor Holmes to Regional Sales Manager-North America of C&L Aerospace, ME.
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WHO'SNEWS: EVE AIR MOBILITY

Feb 06, 2024
Antonio João Carmesini Barcellos to Vice President of Industrialization of Eve Air Mobility, Brazil.
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WHO'SNEWS: BALTIC GROUND SERVICES

Feb 06, 2024
Vytautas Cekanavicius to Chief Executive Officer of Baltic Ground Services (BGS), Lithuania.
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WHO'SNEWS: FRONTIER AIRLINES

Feb 08, 2024
Jeffrey Moore to Vice President-Technical Operations of Frontier Airlines, Denver.
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WHO'SNEWS: PORTER AIRLINES

Feb 08, 2024
Rob Palmer to Chief Financial Officer of Porter Airlines, Toronto.
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WHO'SNEWS: JETBLUE

Feb 08, 2024
Marty St. George to President of JetBlue, New York; Joanna Geraghty will remain CEO.
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WHO'SNEWS: AZORRA

Feb 09, 2024
Boris Streun to Vice President-Technical of Azorra, FL.