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Magazine Issue

Aviation Daily, June 13, 2018

VOL. 412 NO. 51 June 13, 2018
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Regulatory/Legislative

article

UK Aerospace Industry: Post-Brexit Safety Pact Needed

Jun 12, 2018
ADS, the trade body representing the UK aerospace industry, has urged talks to ensure aviation safety arrangements between the European Aviation Safety Agency (EASA) and the UK‘s Civil Aviation Authority (CAA) are hammered out before the UK leaves the European Union (EU).

Airlines

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Virgin Australia Says CEO Borghetti To Leave In 2020

Jun 12, 2018
Virgin Australia Group CEO John Borghetti announced he will leave the company in 2020, sharpening the focus on who his successor will be.
article

Analysts: Major U.S. Capacity Adjustments Needed

Jun 12, 2018
Recent news from Southwest Airlines that it is scaling back planned growth through year-end will help keep domestic capacity in check as costs rise, but similar moves will be needed by peers to cement what analysts believe is a necessary market correction.

Lessors

article

Irish lessor SMBC Earns Record Annual Profit

Jun 12, 2018
Ireland-based aircraft lessor SMBC Aviation Capital posted a $319.4 million full-year pre-tax profit and is aiming to transition the majority of its fleet to new-technology aircraft by the mid-2020s.

MRO

article

Swire Urges Delisting HAECO After Share Acquisition

Jun 11, 2018
Swire Pacific Holdings is attempting to privatize MRO provider Hong Kong Aircraft Engineering Co. (HAECO) by purchasing the outstanding shares it does not yet control.

Airports

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London Luton Airport Stake Sale Cleared

Jun 12, 2018
The European Commission (EC) has given the green light for UK global investment manager AMP Capital Investors and Spanish airports operator Aena Internacional to acquire joint control of London Luton Airport.

Airframers/Suppliers

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Craic Moves CR929 First Delivery Forward To 2025

Jun 12, 2018
The scheduled first delivery of the Sino-Russian Craic CR929 widebody airliner has been advanced by two years to 2025, with the first flight now scheduled for 2023.
article

Craic Fixes Main CR929 Dimensions

Jun 11, 2018
Sino-Russian consortium Craic has fixed the main dimensional details of its CR929 widebody aircraft, having revised them from figures given to Aviation Daily in May.