Stephen A. Costley

Editor-in-Chief, SpeedNews

Los Angeles, CA

Summary

Steve Costley is responsible for the production of SpeedNews.

Steve has over 30 years of experience with SpeedNews, now part of the Aviation Week Network. He joined the company in August 1989 as an Associate Editor and was named Managing Editor in 1994. He was also named Vice President and Chief Operating Officer of SpeedNews, Inc., in the late 1990s, and held those titles until Prism Business Media acquired the company from Gil Speed in 2006.

Born in Los Angeles, CA, Steve spent his first four post-collegiate years teaching sophomore American Literature and senior Writing for College courses at Chaminade College Preparatory in Southern California’s San Fernando Valley. In addition to his teaching duties, he was Assistant Athletic Director, Sports Information Director and Varsity Baseball Coach, and was named Head Coach of the Los Angeles Daily News’ Bernie Milligan All-Star Game in 1988. He also worked two years in Houston, TX as Director of Purchasing and Customer Service for Aerospace Interiors, an aircraft interior refurbishment shop that was later acquired by B/E Aerospace.

Steve has participated in many air shows, including Paris, Farnborough, Singapore and Dubai, and has attended other numerous industry conferences and conventions, such as ISTAT, Aircraft Interiors Expo, MRO, ACPC, RAA, NBAA, and of course the SpeedNews’ Suppliers Conferences. He has appeared on CNBC as an aviation analyst, and has been quoted in various newspapers, including the Los Angeles Times.

Steve holds a Bachelor of Arts degree in Journalism from California State University at Northridge. He is a member of the International Society of Transport Aircraft Traders (ISTAT), and has competed in several local, state and national amateur golf tournaments, including the United States Amateur Championship.

Articles

By Stephen Costley

WIZZ AIR had €213.9m net profit on €5.3b revenues for year ended March 31 vs €365.9m on €5.1b a year ago, citing GTF groundings. It ended year with 231 aircraft (263 planned for next year) and says, as of May 9, it had 37 aircraft on ground as result of GTF-related matters, with roughly another 34 aircraft expected to be grounded by end of September.

Air Transport

By Stephen Costley

AIRBUS delivered 51 aircraft (five A220s; 40 A320s; three A330s; three A350s) in May vs 53 (six A220s; 41 A320s; two A330s; four A350s) in May 2024; no orders were booked and remain at 291 (215 net), including 234 narrowbodies, for the year.

Aerospace

By Stephen Costley

ROLLS-ROYCE is investing $24m to build 250,000 sq ft logistics operations center in Mankato, MN for early 2026 to more than double (120%) production of backup power generation systems; generator sets use engines built in Aiken, SC.

Aerospace