SpeedNews

EPSILON AEROSPACE plans to establish MRO facility for composite parts in India in partnership with 4REPAIR, Holland.

DE HAVILLAND CANADA was certified by Transport Canada for its Dash 8-400 QC conversion program.

LUFTHANSA TECHNIK earned €203m in 2Q24 (vs €156m in 2Q23) on 18% higher revenues; third party revenues rose 19%.

BOEING GLOBAL SERVICES earned $870m on $4.9b revenues (higher commercial volume) in 2Q24 vs $856m on $4.7b in 2Q23.

VAS AERO SERVICES agreed to acquire 17 A320 more airframes (now 23) from a US-based operator for part out.

JETBLUE AIRWAYS says it is deferring 44 A321neos to 2030 and beyond, citing availability challenges with GTFs that extend past inspections.

LOT POLISH AIRLINES leased ex-Breeze E195 (692) from Azorra.

WIZZ AIR plans in 4Q24 to begin Budapest-Marrakesh/-Genoa/-Girona/-Memmingen (A320).

ORIX AVIATION earned $134.9m on $323m revenues (130 aircraft transactions) in FY24 vs $92.5m on $259m in FY23.

LUFTHANSA GROUP had €469m net income on €10b revenues in 2Q24 vs €881m on €9.4b in 2Q23; however, it launched comprehensive turnaround program after posting €427m loss in 1H24 due to negative market development in Asia-Pacific, inefficiencies in Lufthansa and CityLine flight operations, significant delays in aircraft deliveries affecting fleet management and increasing maintenance costs for older aircraft still in service, and new collective labor agreements.

IATA reports year-over-year global pax traffic was up 9.1% in June on 8.5% higher capacity; cargo rose 14.1%.

Yushi Tanaka to Chief Investment Officer and Senior Executive Officer-Acquisitions, Trading, Leasing and Risk Management of ORIX Aviation, Dublin.

Marie-Louise Kelly to Senior Executive Officer-Legal and Technical of ORIX Aviation, Dublin.