SpeedNews

TEXEL AIR, Bahrain leased 737-800BCF (29374; ex-Air China) from AerCap.

PIVOT AIRLINES, Canada leased its first CRJ200 (7923; ex-Delta) from Alberta Aviation Capital, joining Dash 8-100.

WILLIS LEASE FINANCE had $20.9m net income on $119.1m revenues in 1Q24 vs $4.4m on $89.5m in 1Q23. It has 337 engines (vs 341 a year ago), 14 aircraft (vs 13), a marine vessel and leased parts and equipment worth $2.27b.

BBN AIRLINES NORDIC (Bluebird Nordic) voluntarily surrendered its Icelandic AOC and terminated all operations.

GLOBAL AIRLINES ferried its first A380 (120; ex-China Southern) from Mojave to Glasgow Prestwick in partnership with Hi Fly in preparation for startup following interior refurbishment and development of maintenance structure at airport.

AVATION ordered 10 more ATR 72-600s for 2025-2028 and now has 12 on order; deal includes purchase rights for 24.

AVOLON had $107m net profit on $621m lease revenue in 1Q24 vs $56m on $599m in 1Q23. It ended the quarter with owned/managed/committed fleet of 1,033 aircraft on lease to 145 airlines in 64 countries and $6.6b of liquidity.

Julien Basset to Senior Vice President of Sales for Asia-Pacific, based in Singapore, of Aero Capital Solutions.

FRONTIER AIRLINES had $26m net loss on $865m revenues in 1Q24 vs $13m loss on $848m in 1Q23; it has 142 aircraft.

AIR CANADA had $81m net loss on $5.2b revenues in 1Q24 vs $4m profit on $4.9b in 1Q23. It says it is in process of arranging lease agreements for some additional 737-8s for delivery in 2024 to enter service in 2025 after reconfiguration.

ROYAL JORDANIAN took delivery of third new E190-E2 (129; 1,800th E-Jet) on lease from Azorra as part of deal for six.

NAVBLUE reports Republic Airways launched its N-Flight Planning solution.

Rob Downes to Senior Vice President and Chief Investment Officer of Aviation Capital Group, CA.

AVELO AIRLINES opened its sixth aircraft base at Sonoma County, CA, launching new service to Salem, OR; Boise, ID; Pasco, WA; and Kalispell, MT. It currently operates fleet of 16 737NGs and currently serves 52 destinations in US/Puerto Rico.

AIRBUS CANADA reached agreement with its IAMAW-represented A220 workers at Mirabel on new 5-year CBA.

UNICAL ENGINES launched Serviceable Engine Program that offers serviceable engines for sale or exchange.

JOBY AVIATION says it has completed its eVTOL pre-production flight test program and is now focused on the next phase of flight testing, using its production prototype aircraft to prepare for upcoming for-credit flight testing.

HOWMET AEROSPACE had $243m net income on $1.8b sales in 1Q24 vs $148m on $1.6b in 1Q23. It is expecting much slower 737 MAX production than expected and it assumes average build rate of 20 per month for full year 2024.

Netta Washington to Executive Vice President-High Performance Materials and Components (HPMC) of ATI, Dallas.

HANWHA AVIATION, Singapore was launched as new engine leasing platform, initially focused on narrowbody aircraft.

Jeff Lewis to Chief Executive Officer of Hanwha Aviation, Singapore.