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Magazine Issue

SpeedNews - April 24, 2020

April 24, 2020

Aerospace

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BOEING

Apr 17, 2020
BOEING plans April 20 to resume all Commercial Airplanes production in Puget Sound in a phased approach with about 27,000 employees returning to work…
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HAECO CABIN SOLUTIONS

Apr 20, 2020
HAECO CABIN SOLUTIONS launched cargo stowage devices for aircraft pax cabins.
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CAE

Apr 20, 2020
CAE recalled all 1,500 Canada-based laid-off employees and signed contract with Govt of Canada to manufacture 10,000 Air1 ventilators for delivery…
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BOEING

Apr 17, 2020
BOEING delivered its 500th AH-64E Apache helicopter.
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MARKET FORECAST

Apr 20, 2020
MARKET FORECAST projects Global Sustainable Aviation Fuel (SAF) market will grow 24.3% annually from $8.24b in 2020 to $48b in 2028; cumulative…
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SHARING IN GROWTH

Apr 20, 2020
SHARING IN GROWTH (SiG) says seven beneficiaries, comprising EXCEL, HYDE, MARTIN AEROSPACE, NASMYTH BULWELL, NEMCO, PRODUMAX and SL ENGINEERING, were…
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WHITCRAFT

Apr 20, 2020
WHITCRAFT is retooling some facilities to produce ventilators in partnership with University of Connecticut. It says following review of prototype,…
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AVIOINTERIORS

Apr 20, 2020
AVIOINTERIORS, Italy has created two post-Coronavirus seat concepts to promote social separation: Janus triple with middle seat facing backwards and…
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AIRBUS

Apr 21, 2020
AIRBUS and SPIRIT AEROSYSTEMS delivered the first shipset of composite A320 wing spoilers produced (in Prestwick) using Resin Transfer Moulding (RTM)…
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AIRBUS

Apr 21, 2020
AIRBUS says it has received multiple customer requests for aircraft delivery deferrals and is currently considering them.
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AIRBUS

Apr 21, 2020
AIRBUS opened 1,100 sq meter manufacturing milling center at Finkenwerder.
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KAWASAKI HEAVY INDUSTRIES

Apr 22, 2020
KAWASAKI HEAVY INDUSTRIES and SUBARU have suspended production of 787 components into early May.
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AIRBUS

Apr 21, 2020
AIRBUS received 180-minute ETOPS approval for A330-800 from EASA; approval includes option for 285-minute ETOPS.
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BOEING

Apr 21, 2020
BOEING created Enterprise Operations, Finance & Strategy group to bring together teams responsible for manufacturing, supply chain and operations,…
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PIPISTREL

Apr 21, 2020
PIPISTREL, Slovenia helped secure donation of 100,000 masks from China, plus thermometers/test kits for COVID-19.
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PLATAINE

Apr 22, 2020
PLATAINE was selected by Muskogee Technology, AL to provide an IIoT manufacturing solution to include material shelf-life management system for time…
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STS AVIATION SERVICES

Apr 23, 2020
STS AVIATION SERVICES is producing non-medical face masks and face shields, medical gowns, scrubs, patient curtains, aircraft seat blockers, aircraft…

Air Transport

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IBA

Apr 17, 2020
IBA reports 62% of all aircraft in ABS finance structures created since 2015 are either parked or stored vs 48% of the overall global aircraft fleet.
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LUFTHANSA GROUP

Apr 17, 2020
LUFTHANSA GROUP extended its repatriation flight schedule through May 17.
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UNITED AIRLINES

Apr 20, 2020
UNITED AIRLINES agreed to sell six 787-9s and 16 737 MAX-9s to BOC Aviation for leaseback; deal is expected to close by end of 2020. BOC AVIATION has…
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SKYWORLD AVIATION

Apr 20, 2020
SKYWORLD AVIATION arranged sale of two ex-Aerodynamics ERJ 145EPs (169/185) to unidentified US-based lessor.
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CORSAIR

Apr 20, 2020
CORSAIR retired its remaining three 747-400s, accelerating plan to replace aircraft with A330-900s in Dec 2020-May 2021.
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CDB AVIATION

Apr 20, 2020
CDB AVIATION reached agreement with Boeing to cancel 29 of its 99 737 MAXs on order, convert all MAX 10s on order (number undisclosed) to MAX 8s, and…
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GECAS

Apr 20, 2020
GECAS reached agreement with Boeing to cancel 69 737 MAXs, leaving 82 remaining on order (it is acquiring another 15 via SLBs) to join 29 in fleet…
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AIR NEW ZEALAND

Apr 20, 2020
AIR NEW ZEALAND is expected to keep its fleet of 16 777s grounded through April 2021.
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UNITED AIRLINES

Apr 20, 2020
UNITED AIRLINES leased ex-China Southern A319-100 (2505) with V2500s from AerCap as part of deal for 25.
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NORWEGIAN

Apr 20, 2020
NORWEGIAN announced that its pilot and cabin crew companies in Sweden and Denmark filed for bankruptcy due to COVID-19.
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VIRGIN AUSTRALIA

Apr 21, 2020
VIRGIN AUSTRALIA entered voluntary administration in order to recapitalize business and will work with workers, suppliers and partners to emerge as…
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UNITED AIRLINES

Apr 21, 2020
UNITED AIRLINES expects to post $2.1b pretax loss for 1Q20 (vs $367m profit in 1Q19) on 17% lower revenues. As of April 16, it had $6.3b of cash,…
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EVELOP AIRLINES

Apr 21, 2020
EVELOP AIRLINES, Spain agreed to lease new A350-900 (400) from Avolon; aircraft is expected to be delivered in mid-2020.
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LUFTHANSA

Apr 21, 2020
LUFTHANSA is currently operating two daily flights carrying protective equipment from China to Munich with A350-900s.
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AIRASIA

Apr 21, 2020
AIRASIA plans to resume scheduled domestic flight operations in Malaysia on April 29, in Thailand and The Philippines on May 1, in India on May 4 and…
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VIRGIN ATLANTIC

Apr 21, 2020
VIRGIN ATLANTIC began offering voluntary layoffs and sabbaticals and changing pay increase, pension and sick pay policies due to COVID-19. It is also…
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UZBEKISTAN AIRWAYS

Apr 21, 2020
UZBEKISTAN AIRWAYS is converting two 767-300ERs for freighter operations.
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AIR CANADA

Apr 21, 2020
AIR CANADA is suspending scheduled transborder service to US on April 27-May 22 to comply with govt restrictions.
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LEEHAM CO

Apr 21, 2020
LEEHAM CO is predicting that airline traffic will return to pre-Coronavirus levels in 4-8 years and airline/aerospace industries are in for a long,…
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AUSTRIAN

Apr 21, 2020
AUSTRIAN plans to restart with about 80% of its previous capacity and does not expect to return to pre-crisis levels until 2023 at the earliest; it…
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AVATION

Apr 21, 2020
AVATION, Singapore says 30 of its 48 aircraft on lease operate purely on domestic or regional routes, which it expects will be the first sector to…
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SOUTHWEST

Apr 21, 2020
SOUTHWEST finalized deal with US Treasury to take $3.26b ($2.3b payroll support/$948m unsecured term loan) under Payroll Support Program to pay…
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US TREASURY

Apr 22, 2020
US TREASURY concluded Payroll Support Program agreements with Allegiant Air, American Airlines, Delta Air Lines, Southwest Airlines, Spirit Airlines,…
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CALC

Apr 22, 2020
CALC says Chinese clients comprise 65% of its fleet of 139 owned/managed aircraft (92.8% are narrowbodies), the majority of which are state-owned…
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DELTA AIR LINES

Apr 22, 2020
DELTA AIR LINES posted net loss of $534m for 1Q20 (vs $730m profit in 1Q19) on 18% lower revenues; it ended quarter with $6b in unrestricted…
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ACI

Apr 22, 2020
ACI reports global airport industry revenue was $178.2b in 2018, up 4.3% vs 2017; revenue per passenger fell 1.7% to $17.95 ($7.03 was non…
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US TREASURY

Apr 22, 2020
US TREASURY concluded Payroll Support Program agreements with Allegiant Air, American Airlines, Delta Air Lines, Southwest Airlines, Spirit Airlines,…
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ALLEGIANT

Apr 22, 2020
ALLEGIANT finalized deal with US Treasury to receive $171.9m in relief under Payroll Support Program, which it says will cover 76% of budgeted…
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AEROMEXICO

Apr 22, 2020
AEROMEXICO had MXP2.5b net loss in 1Q20 (vs MXP1.3b loss in 1Q19) on 14% lower revenues; capacity fell 9.1% mainly due from COVID-19 crisis and 737…
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LGW

Apr 23, 2020
LGW (Luftfahrtgesellschaft Walter), Germany filed for insolvency in its own administration with the Düsseldorf Local Court after Eurowings was forced…
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UNITED

Apr 23, 2020
UNITED purchased another ex-Southwest 737-700 (32661) from GECAS as part of overall deal for 19 (SPNWS; July 19).
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SOUTH AFRICAN AIRWAYS

Apr 23, 2020
SOUTH AFRICAN AIRWAYS is looking at possible collapse after government pulled any funding for rescue efforts.
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IATA

Apr 23, 2020
IATA updated its year-over-year 2020 airline revenue decline projections from COVID-19 to $89b in Europe (vs $76b previously forecasted), $24b in…
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DELTA AIR LINES

Apr 23, 2020
DELTA AIR LINES plans private offering of $1.5b of senior secured notes to bolster liquidity, which was at $6b on March 31.
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ICAO

Apr 23, 2020
ICAO is projecting scheduled interational pax traffic could drop by as many as 1.2b enplanements in January-September 2020 due to COVID-19 crisis…
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WIZZ AIR

Apr 23, 2020
WIZZ AIR expects to resume operations at 30% of planned capacity, increasing to up to 80% in existing markets in 2-3 months.
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MALETH AERO

Apr 23, 2020
MALETH AERO, Malta took delivery of ex-Virgin Atlantic A340-600 (622) from European Aviation Group for pax charters.
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LUFTHANSA GROUP

Apr 23, 2020
LUFTHANSA GROUP expects to post loss (EBIT) of € 1.2b for 1Q20 (vs € 336m loss in 1Q19) on 18% lower revenues, including a 47% year-over-year drop in…
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WTI CRUDE

Apr 23, 2020
WTI CRUDE price for June rose to >$17/bbl on April 23 after falling below $0 (to negative numbers) early in week; analysts are predicting another…

MRO

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HAECO COMPOSITE STRUCTURES mro

Apr 17, 2020
HAECO COMPOSITE STRUCTURES (JINJIANG) added capability for preventive maintenance inspections and associated repairs on GE90 fan stator modules for…
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ST ENGINEERING

Apr 20, 2020
ST ENGINEERING secured $838m in Aerospace contracts in 1Q20 vs S$1.3b in 1Q19; new deals include MRO contracts from Chinese airlines for A320s and…
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BRIGHTWATER UAG

Apr 20, 2020
BRIGHTWATER UAG, CT was licensed by GE Aviation to provide T700 support for non-military helicopter operators.
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HESTON MRO

Apr 21, 2020
HESTON MRO, Australia was approved for Part 147 technical training.
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MAGNETIC MRO

Apr 21, 2020
MAGNETIC MRO has invested in new tooling to expand engine maintenance capabilities at Tallinn, including modular maintenance and repair of CFM56s.
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LUFTHANSA TECHNIK

Apr 22, 2020
LUFTHANSA TECHNIK converted four A350s and six A330s for Lufthansa for cargo transport of medical supplies. Formal STC for conversion is in progress.
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EIRTECH AVIATION SERVICES

Apr 22, 2020
EIRTECH AVIATION SERVICES and RESONATE TESTING, Ireland teamed to carry out flammability tests for installation of cargo bags within pax cabin for…
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THOMAS GLOBAL SYSTEMS

Apr 22, 2020
THOMAS GLOBAL SYSTEMS has EASA STC to install TFD-7000 Series plug-and-play LCD flight displays on 757s/767s, replacing cathode ray tube (CRT).
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DE HAVILLAND AIRCRAFT

Apr 23, 2020
DE HAVILLAND AIRCRAFT laucnhed De Havilland Component Solutions (DCS) component maintenance management program for Dash 8-400s to build on services…
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DE HAVILLAND

Apr 23, 2020
DE HAVILLAND booked its first order from Jazz Air for SB/kits to convert 13 Dash 8-400s to package freighters; reconfiguration includes 17 cargo nets…

Business Aviation

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ASSET INSIGHT

Apr 17, 2020
ASSET INSIGHT reports year-over-year demand for pre-owned business aircraft was down 13% in 1Q20; it says 2,218 aircraft were listed for sale on…
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TEXTRON AVIATION

Apr 21, 2020
TEXTRON AVIATION is celebrating the 10-year anniversary of the first delivery of Citation CJ4; >320 are now in service.
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AERONEXUS

Apr 23, 2020
AERONEXUS, UK acquired controlling interest in PRIVAJET, Malta to expand in the large VIP aircraft charter market.
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JET MAINTENANCE SOLUTIONS

Apr 23, 2020
JET MAINTENANCE SOLUTIONS (Avia Solutions Group), Lithuania says private aviation companies are reporting an increase of 400% in queries and bookings…

Defense

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BOEING

Apr 17, 2020
BOEING delivered its 500th AH-64E Apache helicopter.
article

EMBRAER

Apr 20, 2020
EMBRAER and SIERRA NEVADA completed first flight of first of 12 A-29 Super Tucano light attack aircraft for NIGERIAN AIR FORCE; aircraft was produced…
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GE AVIATION

Apr 20, 2020
GE AVIATION announced >$476m in military contracts to supply T700s for 40 UH-60Ms ($62m), 48 F414 engines/modules ($215m), TF-34 engine supplies for…
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BOEING

Apr 20, 2020
BOEING completed its first COVID-19 transport mission, transporting 540,000 face masks on 737-700 from China to US in partnership with founder of…

Who'sNews

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WHO'SNEWS: SWOOP

Apr 17, 2020
Charles Duncan to President of SWOOP, Canada.
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WHO'SNEWS: BOEING

Apr 21, 2020
Greg Smith, CFO of Boeing, was also named Executive VP-Enterprise Operations, Finance & Strategy.
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WHO'SNEWS: BOEING

Apr 21, 2020
Brett Gerry to Chief Legal Officer and Executive Vice President-Global Compliance of Boeing, Chicago.
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WHO'SNEWS: ARDAVON

Apr 23, 2020
Karl Brünjes to Chief Operating Officer of Ardavon, Ireland.

Air Transport/MRO

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KELLSTROM AEROSPACE

Apr 20, 2020
KELLSTROM AEROSPACE acquired ex-Aigle Azur A320-200 (2180) for part out in UK; it is remarketing CFM56-5B4/Ps.

Aerospace/Defense

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LOCKHEED MARTIN

Apr 21, 2020
LOCKHEED MARTIN had $1.7b net profit on $15.7b sales in 1Q20 vs $1.7b on $14.3b in 1Q19; it delivered 22 F-35s, three C-130Js and 15 helicopters vs…

Defense/Business Aviation

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JAPAN AIR SELF-DEFENSE FORCE

Apr 21, 2020
JAPAN AIR SELF-DEFENSE FORCE took delivery of first two Cessna Citation Latitudes configured for flight inspection missions (to ensure the integrity…

MRO/Business Aviation

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STEVENS AEROSPACE

Apr 21, 2020
STEVENS AEROSPACE is moving its Nashville MRO facility to nearby Smyrna Airport on the Hollingshead Aviation FBO campus.
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DUNCAN AVIATION

Apr 23, 2020
DUNCAN AVIATION launched upgrade program to install chemical-free air- and surface-purification system from AVIATION CLEAN AIR (ACA); first was…

Helicoptors

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GENERAL AVIATION SERVICES

Apr 21, 2020
GENERAL AVIATION SERVICES, Hunan took delivery of three R44 Cadets (first R44s in China) and three R22s from Robinson Helicopters for operation by…