Aviation Daily Roundup: August 24, 2021

Sean Broderick

Heico Corp.’s commercial aviation-focused Flight Support Group (FSG) has posted its fourth straight quarter of revenue growth, adding another data point that suggests increased flying is translating into a broader aftermarket recovery.

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Lori Ranson

Delta Air Lines’ decision to up its Airbus A321neo order book by 30 aircraft reflects a larger trend among U.S. carriers that are working to ensure they have optimal fleet flexibility to drive cost and efficiency advantages as the recovery from the COVID-19 pandemic could turn more uncertain.

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Graham Warwick

As it heads toward a Sept. 14 shareholder vote on its merger with blank-check company Atlas Crest Investment, urban air mobility startup Archer has teamed with parking-garage operator Reef Technology to establish rooftop vertiport locations in U.S. cities.

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Graham Warwick

Startup HyPoint has entered into a $6.5 million collaborative agreement with Piasecki Aircraft to develop a hydrogen fuel cell propulsion system for electric vertical takeoff and landing vehicles.

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Victoria Moores

Dublin-headquartered aircraft lessor Goshawk has extended a $500 million line of credit until July 2023 to fund narrowbody acquisitions throughout that period.

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Jens Flottau

EASA has certified versions of the A330-800 and -900 that are significantly lower weight than the in-service A330neo fleet that can lead to a significant reduction in operating costs for airlines, making the aircraft more attractive to operators that don’t need the long-range capabilities.

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Adrian Schofield

The airport proposal is part of the government’s National Monetization Plan (NMP), which aims to raise a total of INR6 trillion ($81 billion) over four years through license or lease arrangements for state-owned assets in several industry sectors. 

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Chen Chuanren

As it prepares to begin a financial restructuring, Philippine Airlines has pushed out deliveries of new aircraft from Airbus to “align with the forecasted recovery of travel demand.”

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Guy Norris

Lynne Hopper, a central figure in the 737 MAX recovery effort, has been named the new vice president and general manager of Boeing Commercial Airplanes' recently centralized Engineering Strategy & Operations (ES&O) group.

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Sean Broderick

Europe’s slow recovery is being offset by increasing headwinds in Asia, creating a mixed near-term outlook for some aftermarket providers, Bank of America analysts report.

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