Subscription Required

 

SpeedNews - March 5, 2021 is part of our SpeedNews subscription.

Subscribe now to read this alert, plus receive full coverage of key developments in commercial and business aviation.

Already a subscriber to SpeedNews or a content package that includes SpeedNews? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.

 

 

Air Transport

article

NORWEGIAN

Feb 26, 2021
NORWEGIAN lost NOK23b in 2020 (vs NOK1.6b loss in 2019) on 79% lower revenues, and says it operated 23 of 131 aircraft in fleet in 4Q20, but at 7.2…
article

ATSG

Feb 26, 2021
ATSG posted $32.1m net profit in 2020 (vs $61.2m in 2019) on 8% higher revenues, and expects its aircraft leasing demand will remain exceptionally…
article

FLY LEASING

Feb 26, 2021
FLY LEASING lost $67.4m on $334m revenues in 2020 vs $225.9m profit on $575m in 2019; it has 84 aircraft vs 89 a year ago.
article

AUSTRALIA

Feb 26, 2021
AUSTRALIA lifted temporary suspension on 737 MAX aircraft operating to or from Australia; CASA says while no Australian airline currently operates…
article

CARGO AIRCRAFT MANAGEMENT

Feb 26, 2021
CARGO AIRCRAFT MANAGEMENT earned $77.4m on $327m revenues vs $68.6m on $302m, and ended year with 100 aircraft; it expects to lease 11 767s to AMAZON…
article

MONOCOQUE DIVERSIFIED INTERESTS

Feb 27, 2021
MONOCOQUE DIVERSIFIED INTERESTS, TX agreed to purchase three 767-300ERs (25273/26417/27095) with PW4060s from Austrian Airlines, which says it plans…
article

TRANS EXECUTIVE AIRLINES,

Mar 01, 2021
TRANS EXECUTIVE AIRLINES, HI purchased ex-Flair Airlines 737-400 (25104) from Automatic.
article

LOS ANGELES INTL AIRPORT

Mar 01, 2021
LOS ANGELES INTL AIRPORT handled 1.7m pax in January, down 74% vs January 2020.
article

AAPA

Mar 01, 2021
AAPA members flew 5b RPKs in January, down 96% vs January 2020; capacity fell 88% to 18.6b ASKs. Cargo rose 0.3%.
article

AIR ASTANA

Mar 01, 2021
AIR ASTANA is estimating financial performance for the combined months of January/February 2021 at its highest level since 2017 after $94m loss in…
article

FORWARDKEYS

Mar 01, 2021
FORWARDKEYS says domestic air travel in China during New Year Golden Week (Feb 11-17) was down 69.3% vs a year ago.
article

AIRSTREAM INTL

Mar 01, 2021
AIRSTREAM INTL was mandated to sell 10 ex-Norwegian 737-800s in single as-is, where-is package via public auction.
article

JAZZ

Mar 01, 2021
JAZZ (Chorus Aviation) amended its Capacity Purchase Agreement with Air Canada and will assume operation (from Sky Regional) of its 25 E175s to be…
article

INTERNATIONAL AIRLINES GROUP

Mar 01, 2021
INTERNATIONAL AIRLINES GROUP (IAG) had €6.9b net loss in 2020 (vs €1.7b profit in 2019) on 75.5% lower revenues. It says it anticipates demand will…
article

BRITISH AIRWAYS

Mar 01, 2021
BRITISH AIRWAYS lost €3.9b in 2020 (vs €1.3b profit in 2019) on 70% lower revenues.
article

AER LINGUS

Mar 01, 2021
AER LINGUS lost €563m in 2020 (vs €276m profitin 2019) on 78% lower revenues.
article

IBERIA

Mar 01, 2021
IBERIA lost €1.4b in 2020 (vs €497m profit in 2019) on 60% lower revenues.
article

VUELING

Mar 01, 2021
VUELING lost €875m in 2020 (vs €240m profit in 2019) on 77% lower revenues.
article

PORTER AIRLINES

Mar 01, 2021
PORTER AIRLINES further pushed back its return-to-service date to May 19 from previously announced target of March 29.
article

BREEZE AIRWAYS

Mar 01, 2021
BREEZE AIRWAYS leased second E190 (055; ex-Air Canada) from Nordic Aviation Capital as part of overall deal for 15.
article

AIR INDIA

Mar 01, 2021
AIR INDIA restarted weekly Delhi-Moscow Sheremetyevo (A320neo).
article

JETBLUE AIRWAYS

Mar 01, 2021
JETBLUE AIRWAYS took delivery of first GTF-powered A321neo (10101) with premium reimagined Mint layout featuring 16 suites, including two studios,…
article

UNITED AIRLINES

Mar 01, 2021
UNITED AIRLINES ordered another 25 737 MAXs for delivery in 2023, and now has firm commitments for 188 for delivery in 2021 (21), 2022 (40) and 2023…
article

TRANSAVIA FRANCE

Mar 01, 2021
TRANSAVIA FRANCE plans July 3 to begin Corsica-Bastia/-Fez (737-800).
article

ICELANDAIR

Mar 01, 2021
ICELANDAIR agreed to sell two 737-9s to SKY Leasing for leaseback; aircraft are to be delivered in 1H21.
article

CHINA EASTERN

Mar 01, 2021
CHINA EASTERN finalized order for five C919s for delivery starting late 2021; aircraft are expected to be based in Shanghai.
article

AMAZON PRIME AIR

Mar 01, 2021
AMAZON PRIME AIR leased 767-300BDSF (29429; ex-American) from CAM (ATSG) for operation by AIR TRANSPORT INTL.
article

AIR SENEGAL

Mar 01, 2021
AIR SENEGAL leased ex-Thomas Cook A321-200 (1921) with CFM56s from Carlyle Aviation Partners.
article

MYANMAR AIRWAYS INTERNATIONAL

Mar 01, 2021
MYANMAR AIRWAYS INTERNATIONAL leased ex-Aigle Azur A320-200 (4758) with CFM56s from Avolon (SPNWS; June 26).
article

MESA AIR GROUP

Mar 02, 2021
MESA AIR GROUP and London-based GRAMERCY ASSOCIATES agreed to form joint venture to operate CPA or ACMI pax and cargo services in Europe with CRJ900s…
article

AERCAP

Mar 02, 2021
AERCAP had $295m net loss on $4.5b revenues in 2020 vs $1.2b net income on $4.9b in 2019 and ended year with owned/managed/committed fleet of 1,330…
article

GULLIVAIR

Mar 02, 2021
GULLIVAIR, Bulgaria leased ex-Turkish Airlines A330-200 (874) with PW4168As from DAE Capital.
article

AIR CHINA

Mar 02, 2021
AIR CHINA leased GTF-powered A320-200neos (9430) from BOC Aviation, completing agreement for 10 aircraft.
article

AMERICAN AIRLINES

Mar 02, 2021
AMERICAN AIRLINES plans August 17 to begin twice-daily Ontario, CA-Chicago O'Hare (737-800).
article

CMA CGM AIR CARGO

Mar 02, 2021
CMA CGM AIR CARGO, France completed acquisition of four A330-200Fs (1584/1594/1688/1708) from Aircraft Finance Germany (AFG), which had acquired…
article

CARGOJET

Mar 02, 2021
CARGOJET earned C$291.4m in 2020 (vs C$156m in '19) on 37.4% higher revenues; block hours rose 46.3%. It has 28 aircraft.
article

IATA

Mar 02, 2021
IATA reports global pax traffic dropped 72% in January (vs Jan 2019) on 58.7% lower capacity; cargo traffic increased 1.1%.
article

GA TELESIS

Mar 02, 2021
GA TELESIS announced agreement to acquire fleet of 777-300ERs; it would not disclose the seller or number of aircraft.
article

SKY REGIONAL AIRLINES

Mar 03, 2021
SKY REGIONAL AIRLINES is expected to close on March 31 after losing its Air Canada Express contract.
article

US DOT

Mar 03, 2021
US DOT reports fuel cost for US airlines was $1.51/gallon in Jan 2021 vs $1.98 a year ago; consumption fell 8.1% vs Dec 2020.
article

CPaT GLOBAL

Mar 03, 2021
CPaT GLOBAL, Houston was selected by Asiana Airlines to provide distance learning solutions for A320/A330/A350 and 747-400/767/777 pilot training.
article

KBRA

Mar 04, 2021
KBRA predicts airlines will likely continue struggling in near term as air travel is projected to return to pre-pandemic levels by 2024, although an…
article

ETIHAD AIRWAYS

Mar 04, 2021
ETIHAD AIRWAYS had US$1.7b net loss in 2020 (vs $800m loss in 2019) on 75% lower revenues; enplanements dropped 76% to 4.2m pax with seat load factor…
article

FLYDOCS

Mar 04, 2021
FLYDOCS, UK was selected by Greater Bay Airlines to automate/digitize its 737-800 maintenance records under 5-year deal.
article

SWISS

Mar 04, 2021
SWISS lost CHF654m in 2020 (vs CHF578m profit in 2019) on 65.2% lower revenues.
article

AUSTRIAN AIRLINES

Mar 04, 2021
AUSTRIAN AIRLINES lost €319m in 2020 (vs €19m profit in 2019) on 78% lower revenues.
article

BRUSSELS AIRLINES

Mar 04, 2021
BRUSSELS AIRLINES lost €293m in 2020 (vs €27m loss in 2019) on 72% lower revenues.
article

LUFTHANSA GROUP

Mar 04, 2021
LUFTHANSA GROUP lost €6.7b in 2020 (vs €1.2b profit in 2019) on 63% lower revenues and ended year with €10.6b liquidity; enplanements dropped 75% to…
article

NORDWIND AIRLINES

Mar 04, 2021
NORDWIND AIRLINES, Russia leased ex-XL Airways France A330-200 (635) with Trent 700s from Carlyle Aviation Partners.
article

TRI-MG INTRA ASIA AIRLINES

Mar 04, 2021
TRI-MG INTRA ASIA AIRLINES, Indonesia has acquired converted 737-300SF (28569; ex-Latin American Wings).
article

FLYARYSTAN

Mar 04, 2021
FLYARYSTAN, Ukraine leased ex-Vistara A320-200 (6343) with V2500s from Goshawk Aviation.
article

LUFTHANSA CARGO

Mar 04, 2021
LUFTHANSA CARGO earned record €772m in 2020 (vs €1m profit in 2019) on 11% higher revenues.
article

LUFTHANSA TECHNIK

Mar 04, 2021
LUFTHANSA TECHNIK lost €508m on €3.7b revenues in 2020 vs €472m profit on €6.6b in 2019; it serviced 4,529 aircraft.
article

LUFTHANSA GERMAN AIRLINES

Mar 04, 2021
LUFTHANSA GERMAN AIRLINES lost €4.7b in 2020 (vs €1.2b profit in 2019) on 75% lower revenues.

Aerospace

article

BOEING

Feb 26, 2021
BOEING was fined $6.6m from FAA for failing to meet performance obligations for improving and prioritizing regulatory compliance under 2015…
article

TRIMAS AEROSPACE

Feb 26, 2021
TRIMAS AEROSPACE lost $133m on $168m sales in 2020 vs $29m profit on $194m in 2019; 4Q20 sales dipped 23% vs 4Q19.
article

JLL PARTNERS

Feb 27, 2021
JLL PARTNERS acquired JONATHAN ENGINEERED SOLUTIONS, CA (enclosures/slides/isolators); Houlihan Lokey advised.
article

TAT TRADING

Feb 27, 2021
TAT TRADING was formed to purchase/stock/remarket commercial/military components, initially focusing on Honeywell APUs and heat exchangers.
article

ROLLS-ROYCE

Mar 01, 2021
ROLLS-ROYCE successfully taxied all-electric Spirit of Innovation aircraft; first flight is planned by mid-2021, and when at full power, the…
article

WHO'SNEWS: BARNES GROUP

Mar 01, 2021
Lukas Hovorka to Senior Vice President-Corporate Development of Barnes Group, Bristol, CT.
article

WHO'SNEWS: PPG

Mar 01, 2021
John Bruno to Vice President-Investor Relations of PPG, Pittsburgh, PA.
article

ADVENT TECHNOLOGIES

Mar 01, 2021
ADVENT TECHNOLOGIES, MA was selected by US DoE to help develop high-temperature proton exchange membrane (HT-PEM) technology for fuel cells.
article

AONE PARTS & LOGISTICS

Mar 01, 2021
AONE PARTS & LOGISTICS, NC completed its 1,000th transaction.
article

OROLIA

Mar 02, 2021
OROLIA, France launched (Ultima-S portable) ELT exchange program designed to meet EASA/FAA requirements for non-rechargeable lithium batteries.
article

MEGGITT

Mar 02, 2021
MEGGITT has long-term, £multi-million Boeing contract to supply cockpit indicators for 737 MAX starting in 2Q22.
article

COMPOSITES ONE

Mar 02, 2021
COMPOSITES ONE, IL acquired Solvay's Process Materials business (process materials/tooling), to be renamed AEROVAC. Emko Capital participated in deal…
article

PEXCO

Mar 02, 2021
PEXCO, GA acquired ALTAFLO, NJ (fluoropolymer/fluoroplastic extrusions).
article

PENTAGON 2000 SOFTWARE

Mar 02, 2021
PENTAGON 2000 SOFTWARE was selected by Leading Edge, Hong Kong to provide Pentagon 2000SQL ERP software to manage a global expansion.
article

UNITED ENGINE CORP

Mar 02, 2021
UNITED ENGINE CORP added robotic welding line at UEC-Kuznetsov in Samara to produce compressors, turbines and engine mounts, increasing production…
article

THYSSENKRUPP AEROSPACE

Mar 03, 2021
THYSSENKRUPP AEROSPACE has RUAG International contract to provide material support, comprising procurement and JIT delivery of aluminum, titanium,…
article

RECARO AIRCRAFT SEATING

Mar 03, 2021
RECARO AIRCRAFT SEATING was selected by KLM Cityhopper to supply BL3710/SL3710 seats for retrofit on E190s (100 seats per ship) and line fit on new…
article

STRATASYS

Mar 03, 2021
STRATASYS priced public offering on NASDAQ of 6.9m shares at $29 each.
article

INTER-TEC GROUP

Mar 03, 2021
INTER-TEC GROUP opened engineering office in Sligo, Ireland as principal site of business for EASA approvals; facility will operate as INTER-TEC AERO…
article

CIRCOR AEROSPACE & DEFENSE

Mar 04, 2021
CIRCOR AEROSPACE & DEFENSE earned $59.1m on $268m sales in 2020 vs $52.5m on $273m in 2019; it has $182m backlog.

MRO

article

CERTIFIED AVIATION SERVICES

Feb 27, 2021
CERTIFIED AVIATION SERVICES, CA purchased new hydraulics universal test stand from A&P Hydraulics, SC for thrust reverser actuators, servos, braking…
article

TEXAS PNEUMATIC SYSTEMS

Mar 01, 2021
TEXAS PNEUMATIC SYSTEMS (subsidiary of ATS) was certified by Honeywell as authorized component repair station.
article

BOEING

Mar 01, 2021
BOEING was selected by LATAM Cargo to convert four 767-300ERs to freighters in 2021-2022; deal includes four conversion options for 2022-2023, and if…
article

AERONAUTICAL ENGINEERS

Mar 02, 2021
AERONAUTICAL ENGINEERS was selected by Macquarie AirFinance to convert four 737-800s (TBA) to freighters; COMMERCIAL JET will perform modification…
article

SIA ENGINEERING

Mar 02, 2021
SIA ENGINEERING agreed to acquire SRT MALAYSIA, Selangor (Airbus/Boeing component testing/MRO) from SR Technics.
article

LUFTHANSA TECHNIK

Mar 03, 2021
LUFTHANSA TECHNIK was selected by Wizz Air (launch customer) to provide AVIATAR technical logbook solution for improved maintenance efficiency.
article

FOKKER SERVICES ASIA

Mar 04, 2021
FOKKER SERVICES ASIA, Singapore completed heavy check on first Fokker 70 for Alliance Airlines under 5-year deal.
article

MTU MAINTENANCE

Mar 04, 2021
MTU MAINTENANCE says it saw 18% drop in incoming engines across its portfolio in 2020, better than market expectations of -45% in shop visits for…

Defense

article

CAE

Mar 01, 2021
CAE agreed to acquire L3Harris Technologies' Military Training business, which includes LINK SIMULATION & TRAINING, DOSS AVIATION and AMI, for US$1…

Defense/MRO

article

VSE CORPORATION

Mar 01, 2021
VSE CORPORATION, VA acquired HAECO SPECIAL SERVICES, NC, which provides scheduled depot maintenance, contract field deployment and unscheduled drop…

Business Aviation

article

GRANDVIEW AVIATION

Mar 02, 2021
GRANDVIEW AVIATION opened seventh Phenom 300 base at Hanscom Field in Boston Metropolitan area.
article

JET LINX

Mar 02, 2021
JET LINX launched Complete Aircraft Transaction (CAT) solution to oversee purchase, management and sale of a private jet.
article

CITATIONPARTNERS

Mar 03, 2021
CITATIONPARTNERS (formed by former Cessna executives), Wichita unveiled the Citation Excel Eagle, an upgraded pre-owned Citation Excel/XLS converted…
article

SUN AIR JETS

Mar 04, 2021
SUN AIR JETS acquired two hangar/terminal facilities totaling 62,000 sq ft at Van Nuys, CA, doubling its footprint at airport.
article

WINGX

Mar 04, 2021
WINGX, Germany reports year-over-year business aviation activity in US is currently down 7% in 2021; charter market is recording a 4% rise in flight…
article

BOMBARDIER

Mar 04, 2021
BOMBARDIER set financial target of $1.5b EBITDA on $7.5b revenues in 2025 vs $200m on $6.5b in 2020. It expects business jet deliveries to gradually…
article

VISTA GLOBAL

Mar 04, 2021
VISTA GLOBAL, Dubai agreed to acquire US-based APOLLO JETS. It will be integrated as a division of Vista's XO digital brand.

Business Aviation/MRO

article

JET MS

Mar 02, 2021
JET MS (Avia Solutions Group) acquired UK-based RAS GROUP, comprising RAS COMPLETIONS and RAS INTERIORS.
article

DUNCAN AVIATION

Mar 02, 2021
DUNCAN AVIATION opened satellite repair station at Chantilly Air’s newly completed Jet Center in the Washington, DC, area.
article

STEVENS AEROSPACE

Mar 04, 2021
STEVENS AEROSPACE was authorized by Prizm as installation center (four facilities) for its LED cabin lighting systems.

Aerospace/Defense

article

VITREK

Mar 03, 2021
VITREK acquired DYNAMICSIGNALS, IL (data acquisition solutions) in deal facilitated by Alderman & Company.

Who'sNews

article

WHO'SNEWS: AVAIR

Feb 26, 2021
Rosette Abud joined AvAir for Business Development, based in Chandler, AZ.
article

WHO'SNEWS: AER LINGUS

Feb 26, 2021
Lynne Embleton to Chief Executive Officer of Aer Lingus (effective April 2021).
article

WHO'SNEWS: DELOITTE

Mar 01, 2021
John Coykendall was appointed to lead the US aerospace and defense (A&D) sector of Deloitte; he is based in Stamford, CT.
article

WHO'SNEWS: SKYSERVICE BUSINESS AVIATION

Mar 01, 2021
Benjamin Murray to President and Chief Executive Officer of Skyservice Business Aviation, Canada.
article

WHO'SNEWS: SR TECHNICS

Mar 01, 2021
Olaf Christoph joined the Business Development team of SR Technics, Switzerland.
article

WHO'SNEWS: MTU MAINTENANCE CANADA

Mar 03, 2021
Uwe Zachau to Managing Director and Chief Executive Officer of MTU Maintenance Canada, Vancouver.
article

WHO'SNEWS: MTU MAINTENANCE DALLAS

Mar 03, 2021
Nezam Moghadassian to President and General Manager of MTU Maintenance Dallas.
article

WHO'SNEWS: SR SWISS

Mar 04, 2021
Oliver Buchhofer to Head of Operations of SWISS.
article

WHO'SNEWS: AMERICAN INSTITUTE OF AERONAUTICS AND ASTRONAUTICS

Mar 04, 2021
Laura J. McGill, of Sandia National Laboratories, was elected President of the American Institute of Aeronautics and Astronautics (AIAA).