Aviation Daily Roundup: August 1, 2023

Air Belgium is expecting a cash injection from a possible investor following a difficult 2022 but expects a return to profitability by the third quarter.  

Structures, fasteners, forged wheels and engine parts supplier Howmet Aerospace recorded 18% annual sales growth in the 2023 second quarter (Q2) with $1.65 billion in revenue driven by the strong performance of its commercial business.

Japan Airlines (JAL) has seen its passenger demand continue to strengthen following the removal of remaining COVID-19 travel measures, providing a welcome boost to the carrier’s finances.

Garuda Indonesia has commenced static engine tests with locally developed biofuel blended with palm oil, moving forward from a test flight conducted in 2021 with state aerospace company PT Dirgantara Indonesia.

Estonia’s Nordic Aviation Group (NAG), parent company to ACMI specialist airlines Nordica and Xfly, has called in external consultants to try to turn around the group’s fortunes.

Lufthansa Group has signed an agreement with hydrocarbons supplier HCS Group to be supplied with sustainable aviation fuel (SAF) produced within Germany.

Icelandic LCC Play Airlines is working toward finalizing its fleet additions, including the Airbus A321XLR, beyond its current target of 15 aircraft.