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Aerospace

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PRECINMAC PRECISION MACHINING

Apr 03, 2020
PRECINMAC PRECISION MACHINING was acquired by investor group of PINE ISLAND CAPITAL PARTNERS, BAIN CAPITAL CREDIT and COMPASS PARTNERS CAPITAL…
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TRANSDIGM

Apr 03, 2020
TRANSDIGM announced several cost mitigation efforts due to disruption in aerospace/travel industries from COVID-19 crisis that include reducing…
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MACQUARIE INFRASTRUCTURE

Apr 03, 2020
MACQUARIE INFRASTRUCTURE (MIC) drew down $874m from two existing credit faciliites, adding to its $300m cash on hand, to increase liquidity.
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BOEING

Apr 03, 2020
BOEING is suspending production in Philadelphia through at least April 20 due to COVID-19; site manufactures military rotorcraft, including H-47…
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WOODWARD and HEXCEL

Apr 06, 2020
WOODWARD and HEXCEL mutually agreed to terminate their merger agreement due market uncertainty from COVID-19 crisis.
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ROLLS-ROYCE

Apr 06, 2020
ROLLS-ROYCE increased its overall liquidity to £6.7b by fully drawing down on its £2.5b revolving credit facility and securing another £1.5b…
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CAE

Apr 06, 2020
CAE announced series of measures to combat COVID-19 crisis that includes temporarily laying off 2,600 of its 10,500 employees and placing another 900…
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ONTIC

Apr 06, 2020
ONTIC was licensed by Honeywell to manufacture windshield wiper assemblies for 757s, 767s, 777s, 777Xs, C-17s, KC-46As and ERJs at Creedmoor, NC.
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RAYTHEON and UTC

Apr 06, 2020
RAYTHEON and UTC completed merger and formed RAYTHEON TECHNOLOGIES with four business segments: Collins Aerospace Systems; Pratt & Whitney; Raytheon…
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BOEING

Apr 06, 2020
BOEING has extended temporary suspension of production all Puget Sound area and Moses Lake sites until further notice.
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AIRBUS

Apr 06, 2020
AIRBUS is adapting/pausing commercial aircraft production and assembly activities at Mobile, AL (through April 29), Bremen (through April 27), and…
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BOEING SOUTH CAROLINA

Apr 07, 2020
BOEING SOUTH CAROLINA is suspending all 787 production at end of shift on April 8 until further notice.
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TRIP & CO

Apr 07, 2020
TRIP & CO, The Netherlands has developed its own EASA-certified triple seat cargo bag with capacity of up to 80 kg per seat or 320 kg per seat row.
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IATA

Apr 07, 2020
IATA says 25m of about 65.5m jobs in the aviation and related industries are at risk from airline shutdowns due to COVID-19: 11.2m in Asia-Pacific, 5…
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RED AIRCRAFT

Apr 07, 2020
RED AIRCRAFT, Germany has AS9100 certification for quality management. It offers range of engineering services essential for engine and powertrain…
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SPIRIT AEROSYSTEMS

Apr 08, 2020
SPIRIT AEROSYSTEMS has halted production for Boeing programs, subject to certain exceptions, performed in Wichita, Tulsa, and McAlester for an…
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CONTEC

Apr 08, 2020
CONTEC, NY was selected by iAero Thrust to provide warehouse management expertise and advanced spare parts management tools at its facility in Miami.
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AIRBUS

Apr 08, 2020
AIRBUS is resetting average monthly production rates of A320 Family to 40, A330s to two and A350s to six, which it says is roughly 33% lower than pre…
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AIRBUS

Apr 08, 2020
AIRBUS booked order on March 31a from an unidentified customer for 10 A350-900s, and ended 1Q20 with 356 orders (290 net).
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AIRBUS

Apr 06, 2020
AIRBUS is adapting/pausing commercial aircraft production and assembly activities at Mobile, AL (through April 29), Bremen (through April 27), and…
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UNIVERSAL PHOTONICS

Apr 08, 2020
UNIVERSAL PHOTONICS secured ISO 9001:2015 certification for quality at its manufacturing and distribution facility(surfacing & polishing) at Central…
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LEONARDO

Apr 09, 2020
LEONARDO, Italy completed acquisition of KOPTER GROUP, Switzerland from Lynwood (Schweiz) for $185m plus incentives.

MRO

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CAVU COMPONENT REPAIR

Apr 03, 2020
CAVU COMPONENT REPAIR received EASA 145 maintenance organization approval for its 80,000 sq ft facility in Mesa, AZ.
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AERO NORWAY

Apr 06, 2020
AERO NORWAY invested $1.5m in new grinder for precision grinding, deburring and measuring of blade tips of finished assembled engine turbine/APU…
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ISRAEL AEROSPACE INDUSTRIES

Apr 06, 2020
ISRAEL AEROSPACE INDUSTRIES has FAA certification for its 737-800 freighter conversion program; it has delivered two.
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AIRCRAFT SOLUTIONS USA

Apr 06, 2020
AIRCRAFT SOLUTIONS USA says it is continuing with plan to build $100m aircraft recycling facility at North Carolina's Global TransPark to open in…
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KF AEROSPACE

Apr 07, 2020
KF AEROSPACE, Canada added a second mod line for AEI pax-to-freighter conversions. AEI has three additional authorized conversion centers, including…
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LUFTHANSA TECHNIK

Apr 07, 2020
LUFTHANSA TECHNIK is introducing short-time working through August at all of its sites and companies in Germany excluding LUFTHANSA TECHNIK AERO…
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S7 TECHNICS

Apr 08, 2020
S7 TECHNICS, Novosibirsk was selected by Air Astana to perform C-Checks on two 757-200s prior to return to lessors.

Defense

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ROYAL NETHERLANDS AIR FORCE

Apr 03, 2020
ROYAL NETHERLANDS AIR FORCE (RNLAF) took delivery from Boeing of its first of 20 CH-47F Chinook helicopters on order for delivery through 2021.
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US NAVY

Apr 03, 2020
US NAVY ordered three more MQ-25 unmanned aerial refueling aircraft from Boeing, and has now ordered seven in total; new deal is valued at $84.7m.
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BOEING

Apr 03, 2020
BOEING is suspending production in Philadelphia through at least April 20 due to COVID-19; site manufactures military rotorcraft, including H-47…
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BOEING

Apr 03, 2020
BOEING is upgrading the remote vision system, including cameras, the display system and the underlying computer system, for USAF KC-46A for mid-2023.
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COULSON AVIATION USA

Apr 03, 2020
COULSON AVIATION USA has multi-year contract from USDA Forest Service to provide its FIRELINER tanker (737) for aerial firefighting throughout US.
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JAPAN COAST GUARD

Apr 06, 2020
JAPAN COAST GUARD ordered two more H225 helicopters and has now ordered 13.

Air Transport

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AIRBALTIC

Apr 03, 2020
AIRBALTIC has cut its flight schedule in half through end of October due to COVID-19. It is delaying launch of any new routes.
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AVOLON

Apr 03, 2020
AVOLON cancelled 75 unplaced 737 MAXs and four A330neos on order that were to deliver in 2020-2023, and also deferred 16 737 MAXs (now has 17 on…
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AVOLON

Apr 03, 2020
AVOLON completed 39 lease transactions in 1Q20 (vs eight in 1Q19), delivered 29 new aircraft (vs 12), and transitioned two to follow-on lesees (vs…
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IATA

Apr 03, 2020
IATA has postponed its 76th Annual General Meeting (AGM) and World Air Transport Summit to late 3Q20 or early 4Q20; exact date is pending.
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IATA

Apr 06, 2020
IATA says there were 0.15 jet hull losses per million flights in 2019 vs 0.18 in 2018; there were eight fatal accidents and 240 fatalities vs average…
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BOC AVIATION

Apr 06, 2020
BOC AVIATION signed 38 lease agreements in 1Q20 (vs seven in 1Q19), and has portfolio of 323 owned/managed aircraft (vs 335 a year ago) with average…
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CHORUS AVIATION

Apr 06, 2020
CHORUS AVIATION secured C$100m revolving credit facility from Export Development Canada to bolster liquidity that includes an existing C$100m…
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JETBLUE

Apr 06, 2020
JETBLUE expects to carry 7,000 pax per day in April/May vs normal 120,000; it is taking in $1m per day in bookings and ancillary fees (but issuing …
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COMAIR

Apr 06, 2020
COMAIR, South Africa terminated agreement to acquire STAR AIR and STAR AIR MAINTENANCE (SPNWS; December 20).
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RAVNAIR GROUP

Apr 06, 2020
RAVNAIR GROUP, AK grounded its 72 aircraft, suspended operations, temporarily layed-off all employees, and filed Chapter 11 to obtain DIP funding. It…
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EASYJET

Apr 06, 2020
EASYJET issued £600m of commercial paper through the Covid Corporate Financing Facility (CCFF) and utilization request to fully draw down on its…
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THAI AIRWAYS INTERNATIONAL

Apr 06, 2020
THAI AIRWAYS INTERNATIONAL is still in discussions with Amedeo Air Four Plus and lending banks in respect of its ongoing lease obligations for four…
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BERKSHIRE HATHAWAY

Apr 06, 2020
BERKSHIRE HATHAWAY sold 13m shares of DELTA AIR LINES for about $314m, reducing its stake to 9%.
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AERCAP

Apr 07, 2020
AERCAP completed 53 aircraft transactions (28 lease agreements/seven purchases/18 sales) in 1Q20 vs 81 (43 lease agreements/17 purchases/21 sales) in…
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AVITAS

Apr 07, 2020
AVITAS was selected by Aviation Week Network as partner to provide commercial aircraft values (current market value; base value; and base lease rates…
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AVATION

Apr 07, 2020
AVATION says it has engaged with multiple interested parties regarding sale of company, but progress has been delayed due to COVID-19. Its liquidity…
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SPIRIT AIRLINES

Apr 07, 2020
SPIRIT AIRLINES leased new GTF-powered A320neo (9152) from AerCap; aircraft was originally slated for Tianjin Airlines.
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US DOT

Apr 07, 2020
US DOT issued final order that requires US air carriers receiving financial assistance under the CARES Act to maintain minimum air services on a…
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GOL

Apr 07, 2020
GOL expects year-over-year PRASK to be down about 1% for 1Q20; RASK will be in line with 1Q19 with CASK down about 23%.
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LUFTHANSA GROUP

Apr 07, 2020
LUFTHANSA GROUP expects a significant decline in air travel for period after COVID-19 crisis and is thus permantly retiring six A380s, seven A340…
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AIR CANADA

Apr 07, 2020
AIR CANADA retired its first A320-200 (059; built in 1990); aircraft is expected to be parted out at Pinal Airpark, AZ.
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EUROCONTROL

Apr 07, 2020
EUROCONTROL announced its Member States agreed on financial package to allow airlines to defer payment of up to €1.1b of ATC fees to Europe’s air…
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HAWAIIAN

Apr 07, 2020
HAWAIIAN reports that 52 of its 61 jet aircraft are parked in Honolulu, including all 17 A321neos; it is currently rotating three of its 24 A330s on…
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AIR LEASE CORPORATION

Apr 08, 2020
AIR LEASE CORPORATION delivered eight new aircraft (two A320neo/four A321neo/two 787-10s) in 1Q20 vs 11 in 1Q19; it ended quarter with 301 owned/82…
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SKYWORKS

Apr 08, 2020
SKYWORKS says in 1Q20 it arranged the sale of two 737-700s (leased to WESTJET) on behalf of US investor, and arranged return/lease termination of a…
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JETBLUE

Apr 08, 2020
JETBLUE is temporarily consolidating operations to one or two airports in Boston (from 180 to 28 daily flights), Los Angeles (from 44 to five), New…
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ALPINE AIR EXPRESS

Apr 08, 2020
ALPINE AIR EXPRESS acquired substantially all of the assets of GREAT LAKES AIRLINES, including 25 Beech 1900Ds (to be converted to cargo) and two EMB…
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EASYJET

Apr 09, 2020
EASYJET received proposals from two investment firms (UBS Private Banking Nominees and Vidacos Nominees) associated with airline's founder to remove…
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JETSTAR ASIA

Apr 09, 2020
JETSTAR ASIA, Singapore is extending suspension of all scheduled services through May 19; it has parked 18 A320s.

Who'sNews

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WHO'SNEWS: NORDIC AVIATION CAPITAL

Apr 03, 2020
Gareth Halpin to Chief Funding Officer, based in Limerick City, Ireland, of Nordic Aviation Capital.
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WHO'SNEWS: NORDIC AVIATION CAPITAL

Apr 03, 2020
Morten Mikkelsen to Chief Financial Officer of Nordic Aviation Capital, Billund, Denmark.
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WHO'SNEWS: SMBC AVIATION CAPITAL

Apr 06, 2020
Tomoyuki (Tom) Tanaka to Chairman of SMBC Aviation Capital, Dublin.
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WHO'SNEWS: AIR NEW ZEALAND

Apr 07, 2020
Joe McCollum to Chief People Officer of Air New Zealand (effective April 14).
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WHO'SNEWS: LUFTHANSA TECHNIK

Apr 09, 2020
Dr. Detlef Kayser to Chairman of the Supervisory Board of Lufthansa Technik, Hamburg.
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WHO'SNEWS: LOCKHEED MARTIN

Apr 09, 2020
Yvonne Hodge to Senior Vice President of Enterprise Business Transformation of Lockheed Martin.

Business Aviation

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CTT SYSTEMS

Apr 06, 2020
CTT SYSTEMS, Sweden has AMAC Aerospace order for BBJMAX9 VIP inflight humidification system for delivery in 4Q20.

Aerospace/Defense

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AERO PRECISION

Apr 08, 2020
AERO PRECISION and KELLSTROM DEFENSE were classified as essential businesses and will remain open through crisis.