Aviation Daily Roundup: August 24, 2021

Heico Results Point To Commercial MRO's Growing Momentum

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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FAA Awards Grants For Airport Safety, Sustainability, Accessibility

Delta A321neo Deal Continues Trend Of U.S. Airlines Boosting Narrowbody Order Books

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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Archer Teams With Reef On Parking-Garage Vertiports

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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Piasecki, HyPoint Partner On Hydrogen Fuel Cell EVTOL

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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Goshawk Secures Narrowbody Acquisition Funds To Mid-2023

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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Irish Startup Emerald Airlines Commits To Six ATR 72-600s

Victoria Moores

Dublin-based Emerald, newly appointed as an Aer Lingus franchise carrier, is ultimately planning to operate a fleet of 15 ATR 72s from four bases across the island of Ireland.

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Why Airbus Is Offering Lower-Weight A330neo Versions

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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India Looks To Open 25 Airports To Private Investment

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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Philippine Airlines Defers Deliveries By At Least Five Years

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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737 MAX Re-Cert Lead Promoted In Engineering Reshuffle

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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Mixed Recovery Posing Challenges For Some MRO Providers

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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