SpeedNews

INNOVATIVE SOLUTIONS & SUPPORT (IS&S), PA was selected by the US Army to supply its ThrustSense Autothrottle system for retrofit on its C-12 (King Air B200) aircraft with Pro Line 21 avionics; system is controlled by new ISU.

Defense

OASES, UK formed partnership with KeepFlying to integrate AI technology into its MRO software platform for CAMO and other functionalities.

MRO

US DOT reports US airlines carried 91.8m pax (78.8m domestic/13m international) in July, up 4.5% vs July 2023.

Air Transport

BOC AVIATION executed 70 aircraft transactions (35 lease commitments/19 purchase commitments) in 3Q23 vs 124 (62/41) in 3Q23. It now has owned/managed/committed fleet of 693 aircraft (430 owned) vs 681 (413) a year ago.

Air Transport

AZORRA, FL signed lease agreements for six aircraft (four A220s/two E190-E1s) in 3Q24 vs six in 3Q23; it delivered 11 (two A220s/five E195-E1s/two E195-E2s/two E190-E2s) vs four. It ended quarter with 111 aircraft, plus 42 on order.

Air Transport

DELTA AIR LINES had $1.3b net income in 3Q24 (vs $1.1b in 3Q23) on 1% higher revenues. It says CrowdStrike-caused outage resulted in $380m direct revenue impact/$170m non-fuel expense impact, reducing EPS by $0.45.

Air Transport

AIRCASTLE had $28.7m net profit on $217m revenues in second quarter ended Aug 31 vs $5.5m on $168m a year ago; it has $3.1b in liquidity and owns 244 aircraft (214 unencumbered valued at $6b) vs 239 (201) a year ago.

Air Transport

AIR CANADA agreed to lease a 777-300ER (TBA) from Arcano Partners for 54 months; deal includes purchase option.

Air Transport

EFW