SpeedNews

SAS sold another new A320neo (12066) to Aviation Capital Group for leaseback as part of multi-aircraft deal (now at 11).

FTAI AVIATION had $31.3m net income on $327m revenues in 1Q24 vs $22.6m on $293m in 1Q23.

SINGAPORE CHANGI handled 16.5m pax in 1Q24, up 0.5% vs 1Q19.

EMBRAER named its 10 Suppliers of the Year: DSV, Brazil; NOVELIS, Germany; FASTWORK, Brazil; FACC, Austria; DIEHL AVIATION, Germany; GARMIN; IAE; LIEBHERR, Germany; FOKKER, The Netherlands; and GE AEROSPACE.

LAX handled 6.3m pax in March, up 5.1% vs March 2023; cargo fell 4.6%.

Tongyu Xu to Chief Sustainability Officer of FACC, Austria.

MITSUBISHI HEAVY INDUSTRIES established a subsidiary in Vietnam.

Rod Zastrow to President and Chief Executive Officer of Bye Aerospace, Denver.

EVE AIR MOBILITY joined Japan’s Advanced Air Mobility Public-Private Committee to study AAM regulations/policies.

ROBINSON HELICOPTER secured FAA approval for new empennage design for 2-seat R22, which includes a symmetric horizontal stabilizer and tailcone; design is now standard on new aircraft and available as a retrofit kit for in-service R22s.

Phill Godfrey to Chief Sustainability Officer of Collins Aerospace.

TRIMAS AEROSPACE earned $7.2m on $67.3m sales in 1Q24 vs $1.4m on $50m in 1Q23.

MTU AERO ENGINES had €126m net profit on €1.65b revenues in 1Q24 vs €134m on €1.54b in 1Q23; it has €25.4b backlog.

ATI had $66.1m net income on $1.04b sales (60% aerospace and defense) in 1Q24 vs $145.7m on $1.06b in 1Q23.

EATON AEROSPACE earned $201m on $871m sales in 1Q24 vs $180m on $803m in 1Q23; y-o-y backlog rose 11%.

JOBY AVIATION is expanding its pilot production facility in Marina, CA to more than double its manufacturing footprint starting in 2025 under plan to produce up to 500 aircraft per year; it also rolled out its second production aircraft.

AEFP GROUP, PA acquired TRINITY AEROSPACE, Canada ( sheet metal/machined detail parts and assemblies).

BOEING has assumed operations/capabilities of GKN Aerospace's facility in St. Louis, which produces critical parts for the F/A-18 and F-15 programs.