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Aerospace

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SPIRIT AEROSYSTEMS

May 04, 2020
SPIRIT AEROSYSTEMS announced plan to reduce employment at sites supporting commercial aircraft programs (Airbus and Boeing both announced lower…
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BOEING

May 04, 2020
BOEING completed first flight of second 777X test aircraft; two more aircraft are expected to join fleet for certification in 2021.
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DE HAVILLAND AIRCRAFT OF CANADA

May 04, 2020
DE HAVILLAND AIRCRAFT OF CANADA began phased return to work, initially resuming Dash 8-400 pre-flight activities and delivery, following suspension…
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BAE SYSTEMS

May 04, 2020
BAE SYSTEMS completed acquisition of Raytheon Technologies' Airborne Tactical Radios business.
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HONEYWELL AEROSPACE

May 04, 2020
HONEYWELL AEROSPACE earned $937m on $3.4b sales in 1Q20 vs $838m on $3.3b in 1Q19; it expects 2Q20 sales to fall >25% due to weak commercial aviation…
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VIRGIN GALACTIC

May 04, 2020
VIRGIN GALACTIC completed first flight of SpaceShipTwo Unity from Spaceport America in New Mexico.
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HÉROUX-DEVTEK

May 05, 2020
HÉROUX-DEVTEK plans to cut 10% (or 225 employees) of its workforce due to COVID-19 crisis; as result, it is closing its machining shop in Montreal…
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GE AVIATION

May 05, 2020
GE AVIATION plans to reduce workforce by up to 25% by end 2020 as part of comprehensive strategy to develop $1b of cost actions and $2b of cash…
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KONIKU

May 05, 2020
AIRBUS and KONIKU, CA are co-developing disruptive biotechnology solution to detect, track and locate chemicals, explosives and (now) biological…
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HOWMET AEROSPACE

May 06, 2020
HOWMET AEROSPACE (formerly Arconic) had $215m net income on $3.2b sales in 1Q20 vs $187m on $3.5b in 1Q19.
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WILLIS LEASE FINANCE

May 06, 2020
WILLIS LEASE FINANCE had $3.5m net income on $81.6m revenues in 1Q20 vs $20.1m on $103.8m in 1Q19; it currently has 260 engines (vs 244 a year ago),…
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SPIRIT AEROSYSTEMS

May 06, 2020
SPIRIT AEROSYSTEMS lost $163m on $1.1b revenues in 1Q20 vs $163m net income on $2b in 1Q19; it delivered 18 MAX shipsets vs 152 a year ago, and has…
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SCIAKY

May 06, 2020
SCIAKY has order from Merrill, MI for an electron beam (EB) welding machine.
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BAA TRAINING

May 06, 2020
BAA TRAINING reopened its flight training base in Kaunas, Lithuania, and resumed Ab Initio flight training operations after COVID-19 distractions.
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VELO3D

May 06, 2020
VELO3D released additive manufacturing process for aircraft-grade Aluminum F357 alloy parts that were traditionally manufactured using casting…
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ASTRONICS AEROSPACE

May 06, 2020
ASTRONICS AEROSPACE lost $63m on $141m sales in 1Q20 vs $26m profit on $188.5m in 1Q19; sales were negatively affected by 737 MAX grounding and OEM’s…
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MAGELLAN AEROSPACE

May 06, 2020
MAGELLAN AEROSPACE had C$20.1m net income on C$240m revenues in 1Q20 vs C$20.4m on C$270m in 1Q19.
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US DOT

May 06, 2020
US DOT reports fuel cost for US scheduled airlines was $1.48 per gallon in March vs $2.02 in March '19 and $1.81 in Feb 2020.
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QATAR AIRWAYS

May 06, 2020
QATAR AIRWAYS plans phased expansion of operations from 30 to 50 destinations by end of May and 80 by end of June.
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GLOBAL CROSSING AIRLINES (GLOBALX)

May 06, 2020
GLOBAL CROSSING AIRLINES (GLOBALX) has secured C$100m equity investment from GEM and combined with CANADA JETLINES to launch ACMI/wet-lease charter…
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UNITED

May 06, 2020
UNITED is making public offering of $2.25b of senior secured notes (secured by first priority security interests in a designated pool of 360 aircraft…
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OAG

May 06, 2020
OAG says global capacity has now fallen to 26.6m seats per week vs 109m a year ago; rate of weekly capacity continues to decline, but it does at last…
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MITSUBISHI HEAVY INDUSTRIES

May 07, 2020
MITSUBISHI HEAVY INDUSTRIES plans to close acquisition of CRJ program from BOMBARDIER on June 1 and will operate business (maintenance, support,…
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BOMBARDIER AVIATION

May 07, 2020
BOMBARDIER AVIATION earned $7m on $1.5b revenues in 1Q20 vs $664m on $1.4b in 1Q19 and delivered 31 aircraft (26 business jets) vs 28 (24). It…
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ROLLS-ROYCE

May 07, 2020
ROLLS-ROYCE reduced its delivery projection for 2020 from 450 widebody engines to about 250 and says it plans to announce workforce reductions (said…
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PRATT & WHITNEY

May 07, 2020
PRATT & WHITNEY earned $439m on $5.4b sales in 1Q20 vs $433m on $4.8b in 1Q19; it delivered 725 engines vs 752.
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COLLINS AEROSPACE

May 07, 2020
COLLINS AEROSPACE earned $1.1b on $6.4b in 1Q20 vs $856m on $6.5b in 1Q19; commercial aftermarket sales rose 3%.
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AIRBUS

May 07, 2020
AIRBUS booked order in April from AVOLON for eight A320neos and one A321neo; it delivered 14 aircraft (12 A320neo Family; A330ceo; A350) in April vs…

Air Transport

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ACI

May 04, 2020
ACI says year-over-year pax traffic declined 10.7% in February; cargo fell 0.5%.
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GOL

May 04, 2020
GOL lost R$2.3b in 1Q20 (vs R$35.2m net income in 1Q19) on 2% lower revenues. It has R$4.2b liquidity, which was strenthened via several measures,…
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IATA and UNIVERSAL POSTAL UNION

May 04, 2020
IATA and UNIVERSAL POSTAL UNION warned air capacity for postal services is insufficient and urged governments to support movement of mail by air.
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UNITED AIRLINES

May 04, 2020
UNITED AIRLINES lost $1.7b in 1Q20 (vs $292m net income in 1Q19) on 17% lower revenues. Its total liquidity on April 29 was approximately $9.6b,…
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IBERIA/VUELING

May 04, 2020
IBERIA and VUELING secured syndicated 5-year loans for €750m and €260m respectively; banks involved will ask the Instituto de Crédito Oficial (ICO)…
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SOUTHWEST AIRLINES

May 04, 2020
SOUTHWEST AIRLINES completed previously announced public offering of $2b in debt securities.
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HEATHROW

May 04, 2020
HEATHROW had £278m pretax loss on £593m revenues in 1Q20 vs £132m profit on £679m in 1Q19; retail revenue per pax increased 4% to £9.28.
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UNITED

May 04, 2020
UNITED says it expects to take delivery of 16 737 MAXs in 2020 and 24 in 2021, which is less than half of the number originally scheduled for…
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RYANAIR

May 04, 2020
RYANAIR is projecting net loss of >€100m in 1Q20; it expects to operate <1% of its scheduled flying program in 2Q20 and is negotiating with Boeing…
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KLM

May 04, 2020
KLM began gradual restoration of its European network with daily E-Jet flights to Barcelona, Madrid, Rome, Milan, Budapest, Prague, Warsaw and…
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FAA

May 05, 2020
FAA forecasts US fixed-wing GA turbine fleet will grow from 25,000 aircraft (15,035 jets) in 2019 to 36,595 (24,000) in 2040.
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AER LINGUS

May 05, 2020
AER LINGUS is expected to cut employment by about 20% (or about 800-900 workers) due to the COVID-19 pandemic.
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AERCAP

May 05, 2020
AERCAP had $276.8m net income in 1Q20 (vs $234.2m in 1Q19) on 3% higher revenues; it ended quarter with owned/managed/committed fleet of 1,372…
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ALASKA AIR GROUP

May 05, 2020
ALASKA AIR GROUP lost $232m in 1Q20 (vs $4m net profit in 1Q19) on 13% lower revenues and says demand remains >90% below normal levels. It has parked…
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QANTAS

May 05, 2020
QANTAS secured another A$550m in funding against three 787-9s and now has short-term liquidity of A$3.5b. It is currently operating 5% of its pre…
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ACI WORLD

May 05, 2020
ACI WORLD now estimates COVID-19 will result in loss of >2b pax in 2Q20 and >4.6b for all of 2020, cutting total airport revenues by $39.2b in 2Q20…
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BERKSHIRE HATHAWAY

May 05, 2020
BERKSHIRE HATHAWAY announced that it has sold all of its airline stocks.
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AFRICAN EXPRESS AIRWAYS

May 05, 2020
AFRICAN EXPRESS AIRWAYS lost EMB-120RT (259) when aircraft was hit by missile during humanitarian flight in Somalia.
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VIRGIN GALACTIC

May 04, 2020
VIRGIN GALACTIC completed first flight of SpaceShipTwo Unity from Spaceport America in New Mexico.
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VIRGIN ATLANTIC AIRWAYS

May 06, 2020
VIRGIN ATLANTIC AIRWAYS announced it will be moving its flying program from London Gatwick to London Heathrow, with the intention of retaining its…
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QANTAS

May 06, 2020
QANTAS has officially placed Project Sunrise on hold, citing the impact of the COVID-19 pandemic on air travel.
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CHI-STAT

May 06, 2020
26th Annual Chi-Stat Reception, scheduled for June 10, 2020, has been canceled; it has scheduled its 2021 event for June 9.
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COMAIR

May 06, 2020
COMAIR, South Africa entered business rescue to restructure, building on the turnaround plan that management was already implementing; it aims to…
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LUFTHANSA GROUP

May 06, 2020
LUFTHANSA GROUP received shareholder approval to transfer €298m retained profits from 2019 to other revenue reserves.
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VIRGIN ATLANTIC

May 05, 2020
VIRGIN ATLANTIC announced planned reduction of 3,150 jobs and says it will no longer use all of its seven 747-400s, with four A330-200s retiring in…
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SAS

May 06, 2020
SAS secured 3-year, SEK3.3b revolving credit facility that is 90% guaranteed by Swedish and Danish states.
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AAPA

May 06, 2020
AAPA says its 28 member airlines earned US$3.8b on US$210.5b revenues in 2019 vs $5.1b on $211.2b in 2018.
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AEROLINEAS ARGENTINAS

May 06, 2020
AEROLINEAS ARGENTINAS and AUSTRAL are expected to be merged by Argentinan Govt by the end of 2020.
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CARGO FACTS

May 06, 2020
CARGO FACTS is reporting that >1,000 passenger aircraft are now in cargo operations; 777s and 787s account for 59%.
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AVOLON

May 06, 2020
AVOLON earned $154m on $644m lease revenue in 1Q20 vs $176m on $616m in 1Q19, and ended quarter with owned/managed/committed fleet of 855 aircraft…
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ATSG

May 06, 2020
ATSG reported $137.5m net profit in 1Q20 (vs $22.7m in 1Q19) on 12% higher revenues. CAM earned $15.8m on $79m revenues vs $16.2m on $75m, and has 75…
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DAE

May 06, 2020
DAE had US$76.7m net income on US$344.2m revenues in 1Q20 vs $99m on $360m in 1Q20. It has $2.8b of liquidity.
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INTERNATIONAL AIRLINES GROUP

May 07, 2020
INTERNATIONAL AIRLINES GROUP lost €1.7b in 1Q20 (vs €70m net profit in 1Q19) on 13.4% lower revenues and says it does not expect last year's level of…
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JETBLUE

May 07, 2020
JETBLUE lost $268m in 1Q20 (vs $42m net income in 1Q19) on 15.1% lower revenues.
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SPIRIT AIRLINES

May 07, 2020
SPIRIT AIRLINES lost $27.8m in 1Q20 (vs $56.1m net income in 1Q19) on 10% lower revenues and commenced public offerings of 12m shares of stock and …
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LUFTHANSA GROUP

May 07, 2020
LUFTHANSA GROUP is negotiating €9b stabilization package with the German Government that would comprise silent participation and secured loan that…
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COPA HOLDINGS

May 07, 2020
COPA HOLDINGS had $74.3m net income in 1Q20 (vs $89.4m in 1Q19) on 11.4% lower revenues; it has 102 aircraft, including six 737 MAXs. It is…
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ATLAS AIR

May 07, 2020
ATLAS AIR had $23.4m net profit in 1Q20 (vs $29.7m net loss in 1Q19) on 5.3% lower revenues; block hours dropped 5%.

MRO

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FLYDOCS

May 04, 2020
FLYDOCS, UK has 5-year Peach Aviation contract to provide digital data and records management platform (with enhanced M&E systems) for its A320s.
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AERO NORWAY

May 04, 2020
AERO NORWAY has invested in five more CFM56-3s to refurbish/sell, filling maintenance slots from deferred -5B/7B workscopes due to COVID-19 crisis.
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FOKKER TECHNIEK

May 04, 2020
FOKKER TECHNIEK has added >20 more aircraft parking spots at Woensdrecht, the Netherlands.
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TIME:MATTERS

May 05, 2020
TIME:MATTERS and CB LOGISTIK teamed to operate dedicated Saab 340SF to transport spare parts daily from Baden-Baden, Germany to Madrid.
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PIEDMONT PROPULSION

May 05, 2020
PIEDMONT PROPULSION SYSTEMS (First Aviation Services) launched program to offer complete major inspection support for the Model 568F propeller for…
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LUFTHANSA TECHNIK

May 05, 2020
LUFTHANSA TECHNIK says it has received enquiries from >40 airlines for technical and engineering services to convert pax aircraft cabins for cargo…
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TENENCIA

May 06, 2020
TENENCIA (Carlisle Interconnect Technologies) has developed solution to reconfigure passenger cabins for cargo transport with turnkey kit design,…
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GKN FOKKER SERVICES

May 06, 2020
GKN FOKKER SERVICES extended total support contract with Royal Netherlands Air Force (RNLAF) for delivering standard parts for its aircraft,…
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TAG AERO

May 07, 2020
TAG AERO, FL and UNIQUE AIRMOTIVE SERVICES, SC are merging under dual acquisition deal facilitated by Mill Hill Capital; both APU repair/overhaul…
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LUFTHANSA TECHNIK

May 05, 2020
LUFTHANSA TECHNIK says it has received enquiries from >40 airlines for technical and engineering services to convert pax aircraft cabins for cargo…

Who'sNews

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WHO'SNEWS: BOC AVIATION

May 04, 2020
Paul Kent to Chief Commercial Officer-Europe, Americas and Africa, based in London, of BOC Aviation (effective June 1).
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WHO'SNEWS: AMEDEO

May 04, 2020
Gabriella Lapidus to Chief Commercial Officer of Amedeo, Dublin, Ireland.
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WHO'SNEWS: AMEDEO

May 04, 2020
Peter Marwood as Head of Legal and Commercial Contracts of Amedeo, Dublin, Ireland.
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WHO'SNEWS: AMEDEO

May 04, 2020
Daniel Perez to Chief Operating Officer of Amedeo, Dublin, Ireland.
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WHO'SNEWS: AMEDEO

May 04, 2020
Bill Finn to Chief Risk Officer of Amedeo, Dublin, Ireland.
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WHO'SNEWS: KEYSTONE AVIATION

May 05, 2020
J. Dan Govatos to Director of Operations, based in Salt Lake City, of Keystone Aviation.
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WHO'SNEWS: AVION EXPRESS

May 05, 2020
Dainius Staniulis to Vice President Commercial of Avion Express, Lithuania.
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WHO'SNEWS: PURDUE UNIVERSITY

May 05, 2020
Robert Ulibarrí to Facility General Manager-Discovery Park District (Purdue University), in West Layfayette, IN, of Saab.
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WHO'SNEWS: APOC AVIATION

May 06, 2020
Jim Nypels joined the Engine Trading Division of APOC Aviation, The Netherlands.
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WHO'SNEWS: DYNAM AVIATION IRELAND

May 06, 2020
Sam Carvill joined Dynam Aviation Ireland to expand the lessor's credit and financial analysis areas.
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WHO'SNEWS: PEI-GENESIS

May 06, 2020
Peter Austin to Executive Vice President and Chief Operating Officer of PEI-Genesis, Philadelphia.
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WHO'SNEWS: AVIATION PARTNERS

May 07, 2020
Gary Dunn to President of Aviation Partners, Seattle.
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WHO'SNEWS: INTERNATIONAL AIRLINES GROUP

May 07, 2020
Luis Gallego will succeed Willie Walsh as Chief Executive Officer of International Airlines Group on September 24.

Business Aviation

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FAA

May 05, 2020
FAA forecasts US fixed-wing GA turbine fleet will grow from 25,000 aircraft (15,035 jets) in 2019 to 36,595 (24,000) in 2040.
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GULFSTREAM

May 05, 2020
GULFSTREAM adjusted its 2020 production rate from about 150 to 125-130 aircraft. It is cutting employment throughout its business, including 700 at…
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TALON AIR

May 05, 2020
TALON AIR renewed its ARGUS Platinum and IS-BAO Stage III safety ratings. It manages/operates a diverse fleet of 40 aircraft.

Defense

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BOEING AUSTRALIA

May 05, 2020
BOEING AUSTRALIA rolled out first Loyal Wingman unmanned aircraft prototype for RAAF; aircraft also serves as foundation for Boeing Airpower Teaming…