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Magazine Issue

SpeedNews - April 17, 2020

April 17, 2020

Aerospace

article

BOEING

Apr 13, 2020
BOEING last week delivered its first set of 2,300 reusable 3D-printed face shields being produced in partnership with suppliers SOLVAY and TRELLEBORG…
article

TRIUMPH GROUP

Apr 13, 2020
TRIUMPH GROUP is furloughing 2,300 employees in US and Europe to reduce capacity associated with Boeing Commercial Aircraft programs; it says all but…
article

TRANSDIGM GROUP

Apr 13, 2020
TRANSDIGM GROUP is proposing private offering of $400m in senior secured notes (on top of $4b previously issued) to further increase its liquidity…
article

EDMO DISTRIBUTORS

Apr 13, 2020
EDMO DISTRIBUTORS was named 2020 AEA Associate Member of the Year.
article

SAFRAN

Apr 14, 2020
SAFRAN and SEGULA TECHNOLOGIES teamed to adapt Decathalon's Easybreath Subea snorkeling mask for medical purposes and are opening access to files…
article

SPIRIT AEROSYSTEMS

Apr 14, 2020
SPIRIT AEROSYSTEMS is offering $1b of senior secured second lien notes, guaranteed by Spirit AeroSystems North Carolina and secured by certain real…
article

MTU AERO ENGINES

Apr 14, 2020
MTU AERO ENGINES plans April 20 to begin gradual restart of operations in Germany, initially in Munich with about 20% of workforce; restart at MTU…
article

VELO3D

Apr 14, 2020
VELO3D plans to launch next-gen Sapphire industrial 3D metal printer with 1-meter vertical axis for first delivery in 4Q20; Knust-Godwin placed first…
article

BOEING

Apr 14, 2020
BOEING restarted limited operations at certain sites in Washington State on several defense programs, including the P-8 and KC-46, and some 737 MAX…
article

BOEING

Apr 14, 2020
BOEING delivered 20 airliners (737-800A; three 767-2Cs; two 767-300Fs; 767-300ER; two 777Fs; 11 787s) in March 2020 vs 54 (12 737NGs; 11 MAXs; 747;…
article

BOEING

Apr 14, 2020
BOEING booked orders in March from ALL NIPPON AIRWAYS for 11 787-10s and one 787-9 (SPNWS; Feb 28) and 20 737 military derivatives from US NAVY (8),…
article

PPG

Apr 14, 2020
PPG announced it has committed to contribute >$1.5m to organizations supporting community relief efforts and emerging recovery needs from COVID-19…
article

SL ENGINEERING

Apr 15, 2020
SL ENGINEERING, Lincolnshire was selected to support manufacture of ventilators for UK National Health Service (NHS) under Sharing in Growth (SiG)…
article

FLIGHTSAFETY SIMULATION

Apr 15, 2020
FLIGHTSAFETY SIMULATION, OK launched production of 3D-printed medical grade respirators (masks) in partnership with non-profit agency for delivery to…
article

HAECO GROUP

Apr 15, 2020
HAECO GROUP retained Seabury Capital Group as advisor in its previously announced acquisiton of JET ENGINE SOLUTIONS, TX (SPNWS; March 27).
article

AIRBUS

Apr 16, 2020
AIRBUS, GKN AEROSPACE, ROLLS-ROYCE, THALES and ULTRA ELECTRONICS are among several UK companies that have formed VentilatorChallengeUK Consortium to…
article

MEGGITT

Apr 16, 2020
MEGGITT, UK says it has to date stitched >3,000 straps to full-face acetate masks being supplied by Kettering Surgical Appliances as PPE for fight…
article

CAROLINA GSE

Apr 16, 2020
CAROLINA GSE was named by Flight Data Systems as authorized reseller for its flight data recorder (FDR) and cockpit voice recorder (CVR) testing…
article

SPIRIT AEROSYSTEMS

Apr 16, 2020
SPIRIT AEROSYSTEMS is projecting net loss of $160m for 1Q20 (vs $163m profit in 1Q19) on 46% lower revenues; it recognized forward loss charges of …
article

S.S. WHITE TECHNOLOGIES

Apr 16, 2020
S.S. WHITE TECHNOLOGIES, FL secured additional 5-year Honeywell Aerospace contract to supply bespoke flexible rotary shafts for a variety of variable…

Air Transport

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AIR CANADA

Apr 13, 2020
AIR CANADA is reconfiguring three 777-300ERs to transport cargo in pax cabin; modified aircraft can carry 89.63 tonnes.
article

SWEDEN

Apr 13, 2020
SWEDEN received EC approval for €455m loan guarantee scheme to support airlines affected by the coronavirus outbreak.
article

AERO TECHNICS

Apr 13, 2020
AERO TECHNICS (Trenchard Aviation Group) was selected by AirTanker to provide galley catering equipment and ULDs for A330-200s operated on…
article

ECHO CAPITAL FUND II

Apr 13, 2020
ECHO CAPITAL FUND II (Echo Aviation Leasing), Canada has acquired four 767-300Fs; it would not disclose operator/MSNs.
article

PGL

Apr 13, 2020
PGL (owns LOT Polish Airlines) dropped plan to acquire CONDOR, Germany due to COVID-19 crisis (SPNWS; January 31).
article

JUNEYAO AIRLINES

Apr 13, 2020
JUNEYAO AIRLINES reduced planned CAPEX for 2020 by 91% to $200m and will now acquire only nine aircraft (seven A320s/two 787s); it also trimmed…
article

IATA

Apr 14, 2020
IATA is now estimating airline industry will take $314b revenue hit in 2020 (up from $252b) from COVID-19, representing 55% drop vs 2019 (outlook…
article

ALTA

Apr 14, 2020
ALTA members flew 34.4b RPKs in February, up 2.6% vs Feb 2019; capacity rose 4.7% to 43.6b ASKs. Enplanements rose 4.5%.
article

INDIGO

Apr 14, 2020
INDIGO (InterGlobe Aviation) sold new GTF-powered A321neo (9151) to Dynam Aviation, Ireland, and leased it back. Dynam was assisted by FPG Amentum …
article

AZUL

Apr 14, 2020
AZUL announced its controlling shareholder (David Neeleman) was forced to sell majority of his preferred shares in airline to repay US$30m loan after…
article

QATAR AIRWAYS

Apr 14, 2020
QATAR AIRWAYS secured $850m financing agreement with Standard Chartered for seven 787-9s to increase its liquidity.
article

US DOT

Apr 14, 2020
US DOT has awarded $10b in financial relief to US airports affected by COVID-19.
article

GOL

Apr 15, 2020
GOL reaached agreement with Boeing on cash compensation related to 737 MAX grounding (resulted in grounding of seven of its aircraft and non-delivery…
article

US DOT

Apr 15, 2020
US DOT says US scheduled pax airlines employed 458,832 full-time equivalent workers in February, up 3.6% vs Feb 2019.
article

ONTARIO INTERNATIONAL AIRPORT

Apr 15, 2020
ONTARIO INTERNATIONAL AIRPORT, CA handled 70,000 tons of cargo in March, up 22% vs March 2019; year-over-year cargo traffic rose 13% in 1Q20.
article

LONDON HEATHROW

Apr 15, 2020
LONDON HEATHROW handled 3.1m pax in March, down 52.4% vs March 2019; cargo fell 32.5%. It expects demand in April will decrease by >90%
article

FRANKFURT AIRPORT

Apr 15, 2020
FRANKFURT AIRPORT handled 2.1m pax in March, down 62% vs March 2019; cargo fell 28.1%. It says traffic was down by 96.8% during week of April 6-12.
article

SMARTWINGS

Apr 15, 2020
SMARTWINGS, Czech Republic cancelled orders for five 737 MAXs and now has two on order plus eight in storage.
article

WORLDWIDE FLIGHT SERVICES

Apr 15, 2020
WORLDWIDE FLIGHT SERVICES (WFS) launched ‘emergency response’ cargo handling operation at Liege Airport following request from airport to help…
article

PEGASUS

Apr 15, 2020
PEGASUS, Turkey took delivery of new LEAP-powered A321neo (9349); ABL Aviation arranged JOLCO financing for aircraft.
article

AERO CAPITAL SOLUTIONS

Apr 16, 2020
AERO CAPITAL SOLUTIONS closed second aviation investment vehicle with $413m in equity commitments on March 6; as of the final close, it had closed or…
article

ETIHAD

Apr 16, 2020
ETIHAD plans to restart a reduced network of scheduled pax services from May 1 to June 30, pending lifting of UAE govt-imposed travel restrictions…
article

EASYJET

Apr 16, 2020
EASYJET expects to post pretax loss of £185m-£205m for six months ended March 31 (vs £275m loss a year ago) on 1.6% higher revenues (ancillary…
article

KBRA

Apr 16, 2020
KBRA believes aircraft value and lease rate declines will be contingent on (1) speed of economic recovery and (2) composition of post-COVID-19 fleets…
article

FBB

Apr 16, 2020
FBB has postponed planned fire safety and evacuation exercise at BERLIN BRANDENBURG AIRPORT to later in summer due to COVID-19; it says planned Oct…
article

VIRGIN AUSTALIA

Apr 16, 2020
VIRGIN AUSTALIA this week put a trading halt on its securities on the Australian Stock Exchange (ASX) and will be suspended from quotation, pending…
article

CZECH REPUBLIC

Apr 16, 2020
CZECH REPUBLIC is considering the acquisition of CSA CZECH AIRLINES as rescue measure from COVID-19 outbreak.
article

LUFTHANSA TECHNIK

Apr 16, 2020
LUFTHANSA plans over next 2-3 months to decommission its 17 A340-600s from regular scheduled service for 12-18 months; aircraft will be parked at…
article

SAS

Apr 16, 2020
SAS received EC approval for €137m guarantee from Denmark Govt for partial compensation from damage from COVID-19.
article

AUSTRIAN AIRLINES

Apr 16, 2020
AUSTRIAN AIRLINES has extended its temporary suspension of flight operations by another two weeks from May 3 to May 17.
article

US GOVT

Apr 16, 2020
US GOVT reached agreement with 10 US airlines on their participation in $25b Payroll Support Program under the CARES Act: Alaska ($992m), Allegiant,…
article

EUROPEAN REGIONS AIRLINE ASSOCIATION

Apr 16, 2020
EUROPEAN REGIONS AIRLINE ASSOCIATION (ERA) has added Aircompany Armenia, Air Mediterranean, Cyprus Airways, Ellinair, Georgian Airways, Orange2Fly,…
article

AMEDEO

Apr 16, 2020
AMEDEO has been approached by Emirates for some financial accommodation on existing leases for six A380-800s and two 777-300ERs; EMIRATES says lease…

MRO

article

PACIFIC PROPELLER INTERNATIONAL

Apr 13, 2020
PACIFIC PROPELLER INTERNATIONAL, WA was authorized by Dowty Propellers as factory authorized repair/overhaul facility for its metal propellers for…
article

FLYDUBAI

Apr 14, 2020
FLYDUBAI split fleet between Al Maktoum (23 737NGs/three MAX 9s) and Dubai Intl. (15 737NGs/10 MAX 8s) to perform maintenance. MAXs are being…
article

AERONAUTICAL ENGINEERS

Apr 15, 2020
AERONAUTICAL ENGINEERS was selected by KF Aerospace, Canada to convert three 737-400s to freighters; first (24769; ex-Flair Airlines) is scheduled to…
article

WIDERØE

Apr 15, 2020
WIDERØE reached agreement with Luftambulansetjenesten to convert some Dash 8s into Bodø-based air ambulances.

Who'sNews

article

WHO'SNEWS: DUNCAN AVIATION

Apr 13, 2020
Kevin Miesbach, Business Development Manager of Duncan Aviation, was named 2020 AEA Member of the Year.
article

WHO'SNEWS: C&L AVIATION

Apr 14, 2020
Brian Sprecher to Regional Sales Manager for Corporate MRO-Southeast US, based in Winston-Salem, NC, of C&L Aviation.
article

WHO'SNEWS: CDB AVIATION

Apr 15, 2020
Jorge Garcia to Senior Vice President Commercial-Americas, based in Fort Lauderdale, of CDB Aviation.
article

WHO'SNEWS: CDB AVIATION

Apr 15, 2020
Alan Mangels to Vice President Commercial-Americas, based in Fort Lauderdale, of CDB Aviation.
article

WHO'SNEWS: THE RITCHIE GROUP

Apr 16, 2020
Rodger Renaud to Vice President of Aircraft Sales of The Ritchie Group, Chesterfield, MO.
article

WHO'SNEWS: AIRBUS

Apr 16, 2020
René Obermann to Chairman of the Board of Airbus, succeeding Denis Ranque.

Defense

article

AIRBUS

Apr 14, 2020
AIRBUS made first flight of first A400M for LUXEMBOURG; delivery is 2Q20.
article

BOEING

Apr 14, 2020
BOEING made first flight of first F-15QA for QATAR EMIRI AIR FORCE (QEAF), which has ordered 36 (under $6.2b FMS deal) for delivery starting in 2021.
article

FLIGHTSAFETY INTL

Apr 15, 2020
FLIGHTSAFETY INTL has $25m contract to provide KC-46 aircrew/maintenance training to International Military Students (IMS) at Altus AFB, OK through…
article

BOEING

Apr 14, 2020
BOEING made first flight of first F-15QA for QATAR EMIRI AIR FORCE (QEAF), which has ordered 36 (under $6.2b FMS deal) for delivery starting in 2021.

Business Aviation

article

BOOM SUPERSONIC

Apr 14, 2020
BOOM SUPERSONIC, CO completed wing test and fuselage bonding on first XB-1 demonstrator; it says roughly 9,000 lb of force was required to close bond…
article

DUNCAN AVIATION

Apr 15, 2020
DUNCAN AVIATION is manufacturing face masks for local hospitals and says it can cut materials for up to 900 masks every hour; to date, it has cut >15…
article

NBAA

Apr 15, 2020
NBAA, GAMA, AOPA, EAA, HAI and NATA are calling for temporary fuel tax relief for non-commercial general aviation operators due to COVID-19 crisis;…
article

NBAA

Apr 16, 2020
NBAA launched partnership with American Hospital Association (AHA) to use its Humanitarian Emergency Response Operator (HERO) database, which…

Aerospace/Defense

article

KAMAN UK

Apr 14, 2020
KAMAN UK was approved as supplier for Raytheon and secured its first order.

Business Aviation/MRO

article

ACI JET

Apr 14, 2020
ACI JET, CA launched mobile Return to Service (eRTS) program for Global, Challenger and Citation business jets that have been sitting in extended…

Aerospace/MRO

article

FTAI AVIATION

Apr 15, 2020
FTAI AVIATION purchased PW4060 (727386) from Crane Aircraft Partners, Santa Barbara, CA; DELTA TECHOPS refurbished the engine prior to delivery.
article

BRIDGER AEROSPACE

Apr 15, 2020
BRIDGER AEROSPACE, MT took delivery of the first Viking CL-415EAF (1081) from Longview Aviation Services following modification/upgrades by CASCADE…
article

LOCATORY.COM

Apr 16, 2020
LOCATORY.COM (Avia Solutions Group) reports that Total Air Sensors (TAT) and other air data parts were the best traded aircraft spare parts of 2019…