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Air Transport

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IATA

Apr 24, 2020
IATA is now projecting airlines in Asia Pacific region will see year-over-year revenue drop of US$113b and 50% fall in pax demand in 2020 due to…
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ALASKA AIR GROUP

Apr 24, 2020
ALASKA AIR GROUP received $992m ($725m grant/$267m loan) from US Treasury's Payroll Support Program; it provided Treasury with warrants to purchase…
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SKYWEST

Apr 24, 2020
SKYWEST received $438m ($337m grant/$101m loan) from US Treasury's Payroll Support Program; it provided Treasury with warrants to purchase 357,000…
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AIR NEW ZEALAND

Apr 24, 2020
AIR NEW ZEALAND has postponed start of nonstop Auckland-New York to late 2021 at earliest.
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DELTA CARGO

Apr 27, 2020
DELTA CARGO received FAA approval to utilize overhead bin space of widebody aircraft to carry cargo; it is studying possibility of removing seats.
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AIRBALTIC

Apr 27, 2020
AIRBALTIC modified its 5-year Destination 2025 CLEAN business plan by incorporating impact of COVID-19 crisis; new plan foresees reduced fleet for…
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SOUTH AFRICAN AIRWAYS

Apr 27, 2020
SOUTH AFRICAN AIRWAYS reached agreements with Public Enterprises Minister and unions to defer potential liquidation.
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AIR FRANCE-KLM

Apr 27, 2020
AIR FRANCE-KLM secured €7b in loans to preserve liquidity during COVID-19 crisis, including French state-backed loan of €4b from syndicate of six…
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PORTER AIRLINES

Apr 27, 2020
PORTER AIRLINES extended its temporary suspension of flight operations due to COVID-19 by another four weeks to June 29.
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NORWEGIAN AIR SHUTTLE

Apr 27, 2020
NORWEGIAN AIR SHUTTLE plans NOK400m public equity offering as part of NOK2.7b restructuring plan due to COVID-19 crisis.
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STOBART GROUP

Apr 27, 2020
STOBART GROUP agreed to reacquire STOBART AIR and PROPIUS (lessor) in deal valued at £8.55m; both were sold in 2019 as part of formation of Connect…
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FLEX AIR

Apr 27, 2020
FLEX AIR, Peru retained Aircraft Leasing & Management (ALM) to remarket two BAe 146-100s; aircraft are parked in Lima.
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LAX

Apr 28, 2020
LAX handled 3.29m pax in March, down 55.4% vs March 2019; cargo fell 10%.
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CHENGDU AIRLINES

Apr 28, 2020
CHENGDU AIRLINES took delivery of new 90-pax ARJ21(131) on lease from ICBC Leasing; aircraft is 24th built by COMAC.
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JETBLUE

Apr 28, 2020
JETBLUE established policy to require all passengers to wear face coverings from May 4 to help slow spread of COVID-19.
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SOUTHWEST

Apr 28, 2020
SOUTHWEST says it now expects the MAX 737 to be removed from its published flight schedule through October 30. It says it has reached agreement with…
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VIRGIN ATLANTIC

Apr 28, 2020
VIRGIN ATLANTIC has scheduled >90 all-cargo flights per week in May using 787-9s that can carry up to 55 tonnes of cargo.
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US DOT

Apr 28, 2020
US DOT reports airlines carried 7.3% less cargo by weight between US and foreign points in February vs February 2019.
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INTERNATIONAL AIRLINES GROUP

Apr 28, 2020
INTERNATIONAL AIRLINES GROUP expects to post €535m operating loss for 1Q20 (vs €135m profit in 1Q19) on 13% lower revenues.
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SAS

Apr 28, 2020
SAS plans to cut its workforce by up to 5,000 full-time employees, including 1,900 in Sweden, 1,300 in Norway and 1,700 in Denmark, in order it says…
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FORWARDKEYS

Apr 28, 2020
FORWARDKEYS reports year-over-year pax traffic decline of 50% between January 1 and April 19; Asia Pacific is down 56.1%.
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ANA HOLDINGS

Apr 28, 2020
ANA HOLDINGS had ¥27.6b net income for year ended March 31 (vs ¥110.7b a year ago) on 4.1% lower revenues; Air Transporation earned ¥1,738.6b vs ¥49…
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SOUTHWEST AIRLINES

Apr 28, 2020
SOUTHWEST AIRLINES posted $94m net loss for 1Q20 (vs $387m profit in 1Q19) on 18% lower revenues. It now has cash and short-term investments of $9.3b…
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IATA

Apr 29, 2020
IATA reports year-over-year global pax traffic dropped 52.9% in March on 36.2% lower capacity; cargo traffic fell 15.2%.
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AAPA

Apr 29, 2020
AAPA reports year-over-year member traffic declined 70.7% in March on 55.6% lower capacity; cargo traffic fell 21.1%.
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FINNAIR

Apr 29, 2020
FINNAIR lost €91.1m in 1Q20 (vs €16.2m loss in 1Q19) on 16% lower revenues. It has €833m of liquidity and plans €500m rights offering; and (if…
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SWISS

Apr 29, 2020
SWISS (and EDELWEISS) secured CHF1.5b government-backed loan to enhance liquidity; it has extended its reduced timetable through end of May,…
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KLASJET

Apr 29, 2020
KLASJET, Lithuania subleased 737-300BCSF (25263) from BlueBird Nordic to provide cargo charters during COVID-19 crisis.
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AUSTRIAN AIRLINES

Apr 29, 2020
AUSTRIAN AIRLINES extended temporary suspension of operations due to COVID-19 by two more weeks to end of May.
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WIZZ AIR

Apr 30, 2020
WIZZ AIR plans July 1 to open new base in Lviv (second in Ukraine) with one A320 serving seven cities (11 weekly flights).
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SKYUP AIRLINES

Apr 30, 2020
SKYUP AIRLINES, Ukraine is retrofitting 11 737NGs to perform cargo operations during COVID-19 crisis.
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A4A

Apr 30, 2020
A4A says 3,003 US airline pax aircraft were idle on April 28, or 49% of total fleet; and TSA checkpoints are averaging 115k/pax per day in US in…
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BRITISH AIRWAYS

Apr 30, 2020
BRITISH AIRWAYS is formally notifying trade unions on proposed restructuring/redundancy program that may result in reduction of 12,000 workers.
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AMERICAN

Apr 30, 2020
AMERICAN plans to accelerate retirement of four aircraft types, consisting of 20 E190s, 34 757s, 17 767s and nine A330-300s.
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AMERICAN AIRLINES

Apr 30, 2020
AMERICAN AIRLINES posted $2.2b net loss for 1Q20 (vs $185m profit in 1Q19) on 20% lower revenues; it ended quarter with $6.8b in liquidity, to…
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AMERICAN

Apr 30, 2020
AMERICAN took delivery of second (65991) of 22 GEnx-powered 787-8s on lease from BOC Aviation (SPNWS; March 13).
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AIR FRANCE

Apr 30, 2020
AIR FRANCE agreed to sell six A319-100s and 10 A320-200s (all with CFM56s) to FTAI, and lease back for 34 months.
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DELTA AIR LINES

Apr 30, 2020
DELTA AIR LINES is retiring its remaining 47 MD-88s and 29 MD-90s and says it continues to evaluate broader fleet plan (to eliminate older aircraft)…
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CARGOLUX

Apr 30, 2020
CARGOLUX had US$20m net profit for 2019 (vs US$211m in 2018) on 14.2% higher revenues; block hours fell 0.7%. It ended year with 11 747-400Fs, five…

Aerospace

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MOOG AIRCRAFT CONTROLS

Apr 24, 2020
MOOG AIRCRAFT CONTROLS earned $34.7m in 1Q20 (vs $27.1m in 1Q19) on 6% higher sales, based on 13% higher military aircraft sales, including 14%…
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BOEING

Apr 27, 2020
BOEING flew a Dreamlifter from Hong Kong to Greenville, SC in partnership with Prisma Health, Atlas Air and Discommon (importer of record for the…
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AIRBUS

Apr 28, 2020
AIRBUS is warning of more severe production cuts beyond the approximate 33% cut (to 40 A320 Family aircraft, two A330s and six A350s per month)…
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BOEING SOUTH CAROLINA

Apr 28, 2020
BOEING SOUTH CAROLINA plans to resume 787 production on May 3; it was suspended on April 8 due to COVID-19 crisis.
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CRANE AEROSPACE & ELECTRONICS

Apr 28, 2020
CRANE AEROSPACE & ELECTRONICS earned $44m on $193m sales in 1Q20 vs $45m on $195m in 1Q19; it has $548m backlog.
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PPG

Apr 28, 2020
PPG says year-over-year aerospace coatings sales volumes were down 1-5% in 1Q20 as volumes were higher in January and February, but declined in March…
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BOMBARDIER

Apr 28, 2020
BOMBARDIER plans May 11 to restart aviation/train production in Canada with gradual return-to-work of 11,000 employees.
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BOEING

Apr 29, 2020
BOEING posted $641m net loss for 1Q20 (vs $2.1b net profit in 1Q19) on 26% lower revenues (48% lower Commercial Airplane revenues). It is reducing…
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BOEING

Apr 27, 2020
BOEING says it will maintain its Master Teaming Agreement with Embraer to jointly market and support the C-390 Millennium.
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SAFRAN

Apr 29, 2020
SAFRAN secured €5.4b revenues in 1Q20 vs €5.8b in 1Q19: Aerospace Propusion revenues dropped 9.9% with delivery of 326 (54 CFM56s/272 LEAPs) engines…
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AIRBUS

Apr 28, 2020
AIRBUS is warning of more severe production cuts beyond the approximate 33% cut (to 40 A320 Family aircraft, two A330s and six A350s per month)…
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BOEING

Apr 29, 2020
BOEING announced plan to cut employment by about 10% companywide through voluntary layoffs (VLO), natural turnover and involuntary layoffs as…
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US BUREAU OF ECONOMIC ANALYSIS

Apr 29, 2020
US BUREAU OF ECONOMIC ANALYSIS is estimating that US GDP decreased at an annual rate of 4.8% in 1Q20.
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BOEING COMMERCIAL AIRPLANES

Apr 29, 2020
BOEING COMMERCIAL AIRPLANES reported drop in operating margins to -33% in 1Q20 due to lower deliveries, $797m of abnormal production costs from…
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VELO3D

Apr 29, 2020
VELO3D raised additional $28m funding from new investors Piva and TNSC and existing investors Bessemer Venture Partners, Playground, and Khosla…
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BOEING

Apr 29, 2020
BOEING is projecting an acceleration of aircraft retirements coming out of COVID-19 crisis, enahncing new aircraft deliveries.
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BOEING

Apr 29, 2020
BOEING says it expects its defense business will be larger than commercial business in 2020, and hold for a little while; the split was 45%/55% in…
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BOEING

Apr 29, 2020
BOEING posted $641m net loss for 1Q20 (vs $2.1b net profit in 1Q19) on 26% lower revenues (48% lower Commercial Airplane revenues). It is reducing…
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GE AVIATION

Apr 30, 2020
GE AVIATION earned $1b on $7.4b sales in 1Q20 vs $1.7b on $8b in 1Q19; orders fell 14%. It says earnings drop is primarily due to lower volumes and…
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CFM INTERNATIONAL

Apr 30, 2020
CFM INTERNATIONAL delivered 326 (54 CFM56s/272 LEAPs) engines in 1Q20 vs 577 (153 CFM56s/424 LEAPs) in 1Q19.
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EATON AEROSPACE

Apr 30, 2020
EATON AEROSPACE earned $147m on $680m sales in 1Q20 vs $137m on $604m in 1Q19; its 13% increase in sales was driven by 14% increase from acquisition…
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MTU AERO ENGINES

Apr 30, 2020
MTU AERO ENGINES had €111.8m net income on €1.3b revenues in 1Q20 vs €126.5m on €1.1b in 1Q19. It assumes COVID-19 crisis will have a negative impact…
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TRIMAS AEROSPACE

Apr 30, 2020
TRIMAS AEROSPACE earned $5.1m on $49m sales in 1Q20 vs $5.8m on $46m in 1Q19; it represents 27% of TriMas business.
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O2 AERO ACQUISITIONS

Apr 30, 2020
O2 AERO ACQUISITIONS acquired SHAW AEROX, FL, which manufacture installed/portable oxygen systems and accessories for aviation/medical users, and…

MRO

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FLYDOCS, UK

Apr 27, 2020
FLYDOCS, UK was selected by Air Hong Kong (Cathay Pacific) to manage end-of-lease return services for two A330s; contract includes digital migration,…
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OLIVER WYMAN

Apr 27, 2020
OLIVER WYMAN is forecasting >70% of global commercial fleet will be parked at some point in 2020, which will severely cut MRO spending through 2021,…
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AVIATION INSTITUTE OF MAINTENANCE

Apr 28, 2020
AVIATION INSTITUTE OF MAINTENANCE (AIM) is now offering remote courses to its A&P students using platform developed by FULCRUM LABS.
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STS AVIATION SERVICES

Apr 28, 2020
STS AVIATION SERVICES received AS9110C certification in UK for civil/military aircraft maintenance under aerospace law/global regulatory requirements…
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GA TELESIS

Apr 28, 2020
GA TELESIS was approved by China to provide landing gear repair/overhaul at Miami; it is supporting China Express CRJ900s.
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AVAIR

Apr 29, 2020
AVAIR reached agreement with Lufthansa Technik to purchase 9,000-line item rotable spares inventory, comprising IDGs, FADECs and starters in…
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TRIUMPH AVIATION SERVICES-ASIA

Apr 29, 2020
TRIUMPH AVIATION SERVICES-ASIA was selected by Thai Summer Airways to provide 737NG wheel maintenance/repair.
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BOEING GLOBAL SERVICES

Apr 29, 2020
BOEING GLOBAL SERVICES earned $708m on $4.6b revenues in 1Q20 vs $653m on $4.6b in 1Q19; it has $23b backlog.
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ITS

Apr 30, 2020
ITS was contracted to part out ex-Japan Airlines 777-200 (27651) in Marana, AZ starting in early May.
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AIRBUS

Apr 28, 2020
AIRBUS is warning of more severe production cuts beyond the approximate 33% cut (to 40 A320 Family aircraft, two A330s and six A350s per month)…

Business Aviation

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AVIATIONMANUALS

Apr 27, 2020
AVIATIONMANUALS published White Paper offering guidance for properly updating FBO Operations Manuals during the COVID-19 pandemic.
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GENERAL DYNAMICS

Apr 29, 2020
GENERAL DYNAMICS AEROSPACE earned $240m on $1.7b sales in 1Q20 vs $328m on $2.2b in 1Q19; book-to-bill ratio was 1.10 vs 1.42 a year ago. GULFSTREAM…
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PILATUS AIRCRAFT

Apr 29, 2020
PILATUS AIRCRAFT has delivered a PC-24 air ambulance to NORTH SLOPE BOROUGH SAR (71 degrees north latitiude).
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TEXTRON AVIATION

Apr 30, 2020
TEXTRON AVIATION earned $3m on $872m revenues in 1Q20 vs $106m on $1.1b in 1Q19, and delivered 39 aircraft (23 jets and 16 commercial turboprops) vs…

Aerospace/Defense

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BOEING

Apr 27, 2020
BOEING says it will maintain its Master Teaming Agreement with Embraer to jointly market and support the C-390 Millennium.
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EMBRAER

Apr 27, 2020
EMBRAER believes strongly that BOEING wrongfully terminated MTA and manufactured false claims to avoid its commitments to close deal and pay US$4.2b…
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BOEING

Apr 27, 2020
BOEING terminated Master Transaction Agreement (MTA) with EMBRAER to form joint ventures around Embraer's commercial aviation business and C-390…

Who'sNews

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WHO'SNEWS: BOC AVIATION

Apr 28, 2020
David Walton, Chief Operating Officer of BOC Aviation, Singapore, was also named Deputy Managing Director.
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WHO'SNEWS: UNIVERSAL AVIONICS

Apr 28, 2020
John Berizzi to South-Central US Regional Sales Manager, based in Duluth, GA, of Universal Avionics.
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WHO'SNEWS: UNIVERSAL AVIONICS

Apr 28, 2020
John Wasmund to Southwest US Regional Sales Manager, based in Phoenix, AZ, of Universal Avionics.
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WHO'SNEWS: DEUTSCHE REGIONAL AIRCRAFT

Apr 29, 2020
Martin Nüsseler to Chief Technology Officer of Deutsche Regional Aircraft (DRA), Germany.
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WHO'SNEWS: COMMSOFT, UK

Apr 29, 2020
Patrick Cusk to President of Commsoft, UK.
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WHO'SNEWS: AEROX AVIATION OXYGEN SYSTEMS

Apr 30, 2020
Scott E. Ashton to President and Chief Executive Officer of Aerox Aviation Oxygen Systems, Bonita Springs, FL.