DELTA AIR LINES posted $37m net income for 1Q24 (vs $363m loss in 1Q23) on 8% higher revenues and ended quarter with $7.4b in total liquidity. It is projecting record revenues and earnings for June quarter at high end of guidance.
FEAM AERO was selected by ZeroAvia as authorized retrofit/maintenance/technical support provider for its hydrogen-electric engine for regional aircraft; companies are exploring establishing a green hydrogen production facility in the US.
BARNES AEROSPACE completed 32,000 sq ft expansion at East Granby, CT and now has 84,000 sq ft for highly complex repairs of cases, frames, diffusers, bearing housings, and major rotating hardware for gas turbine engines.
AIP CAPITAL formally announced formation of PHOENIX AVIATION CAPITAL as new leasing firm with initial portfolio of new-gen aircraft, including 737 30 MAXs assumed from 777 Partners. Phoenix's owner has also acquired 49% of AIP.
