SpeedNews

HONEYWELL is realigning around three megatrends, which include 'the future of aviation'. It says its Aerospace Technologies (AT) unit will drive advanced air mobility and greater sustainability with the electrification of aircraft.

HEART AEROSPACE added KLM to its industry advisory board for development of its ES-30 regional electric aircraft.

LONDON OXFORD is building £48m, 200,000 sq ft R&D facility for lease to next-gen aviation and technology businesses.

GA TELESIS opened Flight Solution Group office in Antalya, Turkey.

AIR NORTH, Canada wet-leased (ACMI) 737-800 (37960) from AELF FlightService.

Lune Wang to Senior Vice President of Novus Aviation Capital.

iAERO AIRWAYS is expected to be sold via bankruptcy auction in early December at minimum purchase price of $216.3m, according to media reports; if auction fails, a restruction plan would be submitted. Sale would also include iAERO TECH.

EMIRATES agreed to purchase two A380s (077/090) off-lease from Doric Nimrod Air Two in 4Q23 for $70m.

Dan Cavanagh to Chief Credit Officer of Avilease, Saudi Arabia.

JAZEERA AIRWAYS leased ex-Air France A320-200 (4714) with CFM56s from Marathon Asset Management.

IATA added Avion Express and Avion Express Malta as new members.

ITA AIRWAYS, Italy took delivery of new A220-300 (55244) on lease from Air Lease Corporation.

AEROLINEAS ARGENTINAS took delivery of new 737-8 (60135; originally built for FLAIR) on lease from Altavair.

GLOBAL CROSSING AIRLINES took delivery of A321P2F (1807; ex-SAS) with V2500s on lease from CAM.

Rob Gurney, former oneworld CEO, is joining Seabury Airline Strategy Group as a Strategic Advisor.

AERCAP reports during 3Q23 it signed 134 lease agreements (vs 184 in 3Q22), purchased 33 assets (vs 34) and sold 52 assets (vs 37). It also repurchased 20m shares for $1.2b and signed financing transactions for some $3.9b (vs $1.4b).