Subscription Required

 

SpeedNews - November 12, 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.

 

 

Aerospace

article

AIRBUS

Nov 08, 2021
AIRBUS delivered 36 aircraft (two A220s; 32 A320 Family; one A350; one A380) in October 2021 vs 72 (12 A220s; 43 A320 Family; four A330s; 12 A350s;…
article

EMBRAER

Nov 08, 2021
EMBRAER lost US$45m on US$958m revenues in 3Q21 vs US$121.2m loss on US$759m in 3Q20; it has US$16.8b backlog. It confirmed its 2021 aircraft…
article

HÉROUX-DEVTEK

Nov 08, 2021
HÉROUX-DEVTEK secured 6-year extension from Boeing for supply of complete landing gear systems for 777/777X.
article

ALCOA

Nov 08, 2021
ALCOA announced its PORTLAND ALUMINUM joint venture in Australia plans to restart 35,000 mtpy of curtailed capacity at its aluminum smelter in…
article

ENTROL

Nov 08, 2021
ENTROL, Spain has order from ITPS, Canada to provide high-fidelity engineering simulator based on its H39 EASA FNPT II MCC/FAA FTD Level 5 simulator.
article

TAT TECHNOLOGIES

Nov 08, 2021
TAT TECHNOLOGIES, Israel had $967m net loss on $17.6b revenues in 3Q21 vs $1.6b loss on $16.8b in 3Q20.
article

DE HAVILLAND CANADA

Nov 09, 2021
DE HAVILLAND CANADA announced it is completing Dash 8 aircraft currently under production at Downsview and will then start to decommission facility…
article

TRIUMPH GEARED SOLUTIONS

Nov 09, 2021
TRIUMPH GEARED SOLUTIONS has 10-year contract extension from Rolls-Royce to supply gear boxes and loose gears out of Park City, UT and Macomb, MI.
article

BOEING

Nov 09, 2021
BOEING forecasts (as part of CMO announced in September) demand in Asia Pacific for 17,645 aircraft (13,500 narrowbodies) worth $3.1 trillion over…
article

ZEROAVIA

Nov 09, 2021
ZEROAVIA announced partnership agreements with both India's HINDUSTAN AERONAUTICS and ASL AVIATION HOLDINGS to develop hydrogen-electric powertrain…
article

J&C AERO

Nov 09, 2021
J&C AERO, Lithuania was selected by SmartLynx Airlines to secure EASA STC to utilize five A330s in Zero-LOPA configuration.
article

TRIUMPH GROUP

Nov 09, 2021
TRIUMPH GROUP had $9.1m net loss on $357m revenues for second quarter ended Sept 30 vs $33.5m loss on $482m a year ago; it has $1.94b backlog. Based…
article

GE

Nov 09, 2021
GE announced plan to form three independently-run, global public companies by spinning-off its Healthcare business in 1H23 and its Renewable Energy…
article

AIRBUS

Nov 09, 2021
AIRBUS made demo flight (Toulouse-Montreal) of two A350s flying at 3 km apart (in general air traffic regulated transatlantic airspace) using flight…
article

TALON 1 ACQUISITION

Nov 09, 2021
TALON 1 ACQUISITION closed $230m IPO on NASDAQ; company, led by Ed Wegel, was formed for purpose of effecting a merger, capital stock exchange, asset…
article

BOEING

Nov 09, 2021
BOEING delivered 13 aircraft (two 737-800As; two BBJ2s; 18 MAXs; 747-8F; two 767s; two 777Fs) in October vs 13 (737-800A; 747-8F; three 767s; four…
article

EVE

Nov 10, 2021
EVE (Embraer) has MOU with Widerøe Zero to develop Urban Air Mobility (UAM) solutions to deploy eVtols in Scandinavia.
article

ROSTEC

Nov 10, 2021
ROSTEC launched mass 3D printing of parts for PD-14 engine developed by UEC. By 2024, it expects to produce ~2,000 elements for engine's fuel system.
article

FACC

Nov 10, 2021
FACC had €2m net loss on €118.1m revenues in 3Q21 vs €20.7m loss on €101.5m in 3Q20; it is now seeing a stabilized market.
article

AERSALE

Nov 11, 2021
AERSALE had $1.6m net loss ($9.2m adjusted net income) on $73m revenues in 3Q21 vs $14.7m net profit on $57m in 3Q20.
article

VIASAT

Nov 11, 2021
VIASAT has agreed to acquire INMARSAT in deal valued at $7.3b; combined company will have fleet of 19 satellites in service with an additional 10…
article

AVCORP INDUSTRIES

Nov 11, 2021
AVCORP INDUSTRIES had C$4.4m net loss on C$26m revenues in 3Q21 vs C$286k loss on C$34m in 3Q20.
article

CAE

Nov 11, 2021
CAE had C$17.2m net income on C$814.9m revenues for second quarter ended Sept 30 vs C$6m loss on C$704.7m a year ago. Civil Aviation Training…
article

INTELSAT

Nov 11, 2021
INTELSAT was selected by Rex to provide 2Ku Wi-Fi systems for six 737-800s.
article

PIPISTREL

Nov 11, 2021
PIPISTREL, Slovenia was selected by Airflow, CA to supply motors, motor controllers and batteries for eSTOL aircraft now in development; Airflow team…
article

LEONARDO

Nov 11, 2021
LEONARDO had €229m net income on €9.6b revenues for first nine months of 2021 vs €137m on €9b a year ago; it has €35.2b backlog. Aerostructures…

Air Transport

article

AIR LEASE CORPORATION

Nov 08, 2021
AIR LEASE CORPORATION had $100m net income on $524.5m revenues in 3Q21 vs $116.6m on $493.6m in 3Q20; it placed quarterly record 64 aircraft with…
article

VIETJET

Nov 08, 2021
VIETJET reached agreement with Airbus on delivery timeline for its 119 A321neos on order; as part of deal, it also plans to lease up to three A330s …
article

AVIANCA

Nov 08, 2021
AVIANCA sold six A330-200Fs (1368/1380/1528/1448/1506/1534) to Castlelake and leased them back for 10 years.
article

EXIM

Nov 08, 2021
EXIM guaranteed $194m loan from Citibank and JPMorgan to Panama's Copa Airlines to finance purchase of 737-9s.
article

ROCKROSE AIRCRAFT HOLDINGS

Nov 08, 2021
ROCKROSE AIRCRAFT HOLDINGS won court decision to receive full payment of claims against personal guarantor in Korea for lease termination of A320-200…
article

VIVA AEROBUS

Nov 08, 2021
VIVA AEROBUS sold third GTF-powered A321neo (10484) to Aviation Capital Group, and leased it back under deal for three.
article

INTL AIRLINES GROUP

Nov 08, 2021
INTL AIRLINES GROUP had €574m net loss in 3Q21 (vs €1b profit in 3Q19) on 63% lower revenues vs 3Q19 and ended quarter with €10.6b in liquidity. It…
article

MYANMAR AIRWAYS INTERNATIONAL

Nov 08, 2021
MYANMAR AIRWAYS INTERNATIONAL leased ex-Air Astana E190 (543) leased from TrueNoord.
article

AIR ATLANTA ICELANDIC

Nov 08, 2021
AIR ATLANTA ICELANDIC has acquired ex-AirX Charter A340-300 (245) and A340-600 (431); it now has three A340s.
article

ASTRAL

Nov 08, 2021
ASTRAL, Kenya agreed to lease two ex-Capital Cargo 757-200Fs (22812/22910) and ex-ATI 757-200F (23687) from Aquila Air Capital for delivery from…
article

IBERIA

Nov 08, 2021
IBERIA plans in April 2022 to begin Madrid-Dallas/-Washington Dulles/-San Francisco (A330).
article

GOL

Nov 09, 2021
GOL had R$2.5b net loss in 3Q21 (vs R$171m loss in 3Q19) on 48% lower revenues vs 3Q19; it ended quarter with 114 737NGs and 15 737-8s, but plans to…
article

GOL

Nov 09, 2021
GOL projects its 4Q21 capacity to be up 29% vs 4Q20 (102 aircraft in service); it expects to close 4Q21 with R$3.8b in liquidity.
article

ELITAVIA MALTA

Nov 09, 2021
ELITAVIA MALTA has acquired ex-Air Atlanta Icelandic 747-400BDSF (27044) for wet-lease to MESK AIR, UAE.
article

FINNAIR

Nov 09, 2021
FINNAIR says it plans to serve ~100 destinations in Asia, US and Europe during summer 2022 (begins March 27), including new long-haul routes out of…
article

BOEING

Nov 09, 2021
BOEING booked order from an unidentified customer for eight 737 MAXs; it has to date booked 720 orders (373 net) in 2021.
article

SMARTWINGS

Nov 09, 2021
SMARTWINGS secured winter season wet-lease contracts for nine 737-800s from ISRAIR (5), ARKIA (1) and SWIFT AIR (3).
article

US DOT

Nov 09, 2021
US DOT says US scheduled airlines employed 718,407 workers in September 2021, down 3.3% vs September 2019.
article

AERCAP

Nov 10, 2021
AERCAP had $434m net income on $1.5b revenues in 3Q21 vs $850m loss on $1b in 3Q20; lease rent revenue dropped 6%.
article

AIR CANADA

Nov 10, 2021
AIR CANADA signed MOU with Carbon Engineering to collaborate on potential opportunities in how CE's proprietary Direct Air Capture (DAC) technology,…
article

ITA

Nov 10, 2021
ITA, Brazil leased ex-Hi Fly Malta A319-100 (3689) with CFM56s from Avolon.
article

SOUTHWEST

Nov 10, 2021
SOUTHWEST signed 15-year agreement with Velocys Renewables to purchase 219m gallons of SAF (from Velocys Bayou Fuels facility in Natchez, MS)…
article

INVESTEC BANK

Nov 10, 2021
INVESTEC BANK acquired an A320-200 and A321-200 (leased to VUELING) with CFM56s from Pembroke.
article

LUFTHANSA GROUP

Nov 10, 2021
LUFTHANSA GROUP issued €1.5b bond (two tranches) to enhance its liquidity.
article

LATAM AIRLINES GROUP

Nov 11, 2021
LATAM AIRLINES GROUP lost US$691.9m in 3Q21 (vs US$86.3m net income in 3Q19) on 51% lower revenues vs 3Q19.
article

AVIATION CAPITAL GROUP

Nov 11, 2021
AVIATION CAPITAL GROUP had $22m net income on $235m revenues in 3Q21 vs $22m on $233m in 3Q20.
article

FRONTIER AIRLINES

Nov 11, 2021
FRONTIER AIRLINES had $23m net income in 3Q21 (vs $87m in 3Q19) on 6% lower revenues vs 3Q19; it has $802m cash.
article

BOEING

Nov 11, 2021
BOEING estimates air travel will carry 10b passengers per year by 2050.
article

CHORUS AVIATION

Nov 11, 2021
CHORUS AVIATION had C$14.1m net loss on C$274m revenues (collected 77% of lease revenue) in 3Q21 vs C$20.5m profit on C$197m in 3Q20, and ended…
article

SIA ENGINEERING GROUP

Nov 09, 2021
SIA ENGINEERING GROUP had S$10.5m net income on S$138.2m revenues in second quarter ended September 30 vs S$29.7m loss on S$104.5m a year ago; it…
article

LONDON HEATHROW

Nov 11, 2021
LONDON HEATHROW handled 3m pax in October, down 57% vs October 2019.
article

FRANKFURT AIRPORT

Nov 11, 2021
FRANKFURT AIRPORT handled 3.4m pax in October, down 47.2% vs Oct 2019.
article

AVIANCA

Nov 11, 2021
AVIANCA, Colombia leased ex-Volotea A320-200 (3574) with CFM56s from AerCap.
article

INTERNATIONAL AIRLINES GROUP

Nov 11, 2021
INTERNATIONAL AIRLINES GROUP signed MOU with Velocys Renewables to purchase 220,000 tonnes of SAF (from Velocys Bayou Fuels facility in Natchez, MS)…
article

EMIRATES GROUP

Nov 11, 2021
EMIRATES GROUP lost AED5.7b for six months ended Sept 30 (vs AED1.2b profit for same period in 2019) on 54% lower revenues vs 2019 and ended period…
article

EUROWINGS

Nov 11, 2021
EUROWINGS says it has ordered eight A320neos for delivery from 1H22 and five A321neos for delivery from 1H23.

Business Aviation

article

EMBRAER

Nov 08, 2021
EMBRAER presented Energia aircraft family using renewable energy propulsion technologies to reach net zero cargon emissions by 2050; it is evaluating…
article

EMBRAER

Nov 08, 2021
EMBRAER delivered its first new Phenom 300E (to an undisclosed customer) in Ecuador; aircraft features take-off performance to depart from Quito Intl…
article

LEADING EDGE JET CENTER

Nov 09, 2021
LEADING EDGE JET CENTER is rebranding facilities/services at Seattle's Boeing Field; Redmond and Bend, OR; and Helena, MT as SKYSERVICE BUSINESS…
article

WHEELS UP

Nov 10, 2021
WHEELS UP posted record $302m revenues for 3Q21, up 55% vs a year ago; live flight legs increased 52% to 19,714 in total.
article

EMPIRE AVIATION GROUP

Nov 10, 2021
EMPIRE AVIATION GROUP, Dubai was appointed by Gulfstream as authorized international sales representative for India.
article

GULFSTREAM AEROSPACE

Nov 10, 2021
GULFSTREAM AEROSPACE plans to build $70m, 225,000 sq ft service center at Phoenix-Mesa Gateway Airport, AZ.
article

AEA

Nov 11, 2021
AEA reports global business/general aviation avionics sales were $601.8m ($322.3m retrofits) in 3Q21, up 15.8% vs 3Q20.
article

CLAY LACY AVIATION

Nov 11, 2021
CLAY LACY AVIATION received Transport Canada certification for its Part 145 repair station at Waterbury-Oxford, CT.

Defense

article

AIRBUS AND NORTHROP GRUMMAN

Nov 08, 2021
AIRBUS and NORTHROP GRUMMAN teamed to establish ASPAARO (Atlantic Strategic Partnership for Advanced All-domain Resilient Operations) to pursue Risk…
article

BOEING

Nov 09, 2021
BOEING signed 10-year follow-on contract with Defense Logistics Agency (DLA) to continue to provide inventory of parts and logistics support/services…
article

EMBRAER

Nov 11, 2021
EMBRAER began assembly of first KC-390 for HUNGARY for delivery in 2024.

MRO

article

MTU AERO ENGINES

Nov 08, 2021
MTU AERO ENGINES purchased remaining 20% stake in Amsterdam-based MTU MAINTENANCE LEASE SERVICES (MLS) from Sumitomo; MTU then sold its 10% share in…
article

SAFRAN LANDING SYSTEMS

Nov 08, 2021
SAFRAN LANDING SYSTEMS has 5-year China Eastern contract for landing gear repair/overhaul for 31 A330s at Singapore.
article

GE EVERGREEN ENGINE SERVICES

Nov 08, 2021
GE EVERGREEN ENGINE SERVICES (EGAT/GE Aviation joint venture) opened new 13,000 sq meter component repair center in Taiwan to support CF6-80C/-80E…
article

DIRECT MAINTENANCE

Nov 08, 2021
DIRECT MAINTENANCE was selected by Edelweiss, Switzerland to provide A340 line maintenance in Tanzania and Zanzibar.
article

SPAIRLINERS AND FOKKER SERVICES

Nov 09, 2021
SPAIRLINERS and FOKKER SERVICES teamed to perform MRO services for variety of LRUs related to power generation, bleed air valves, starters and…
article

SIA ENGINEERING GROUP

Nov 09, 2021
SIA ENGINEERING GROUP had S$10.5m net income on S$138.2m revenues in second quarter ended September 30 vs S$29.7m loss on S$104.5m a year ago; it…
article

LUFTHANSA TECHNIK

Nov 10, 2021
LUFTHANSA TECHNIK has 5-year Vueling Airlines contract to supply A320ceo/A320neo consumable/expendable parts.
article

SATAIR

Nov 10, 2021
SATAIR was selected by Aegean for its ERO end-to-end routine replenishment service that guarantees specific lead times from order entry to delivery.
article

IAI

Nov 10, 2021
IAI has World Star Aviation contract to convert 10 737-800s to freighters at BELINCO, China; deal includes 10 options.
article

MID-CANADA MOD CENTER AND JD AERO

Nov 11, 2021
MID-CANADA MOD CENTER and JD AERO teamed to provide modification and engineering solutions for regional aircraft.
article

GA TELESIS

Nov 11, 2021
GA TELESIS announced it disassembled two 737NGs, two A330-200s, and four A340-600s, increasing total to >400 aircraft.
article

IAI

Nov 11, 2021
IAI has MOA from Challenge Group, Belgium to perform freighter conversions of four 767-300s in 2022-2023 and four 777-300s in 2025-2026 (aircraft not…

WHO'SNEWS

article

WHO'SNEWS: AMETEK MRO

Nov 08, 2021
Greg Mariotto to Director of Operations of AMETEK MRO Singapore.
article

WHO'SNEWS: FLYHT

Nov 08, 2021
Gurjot Bhullar was promoted to Vice President-Operations of FLYHT Aerospace Solutions, Calgary.
article

WHO'SNEWS: ICELANDAIR GROUP

Nov 08, 2021
Jens Bjarnason to Chief Operating Officer of Icelandair Group.
article

WHO'SNEWS: FLYHT

Nov 08, 2021
Kent Jacobs was promoted to President of FLYHT Aerospace Solutions, Calgary.
article

WHO'SNEWS: AIAC

Nov 09, 2021
Rich Foster, of L3Harris Technologies Canada, was elected Chairman of Aerospace Industries Association of Canada (AIAC).
article

WHO'SNEWS: CHUBB GLOBAL MARKETS

Nov 09, 2021
Emma Walker to Head of Aerospace for Chubb Global Markets, London.
article

WHO'SNEWS: RED AIRCRAFT

Nov 10, 2021
Jürgen Schwarz to Chief Executive Officer of RED Aircraft, Adenau, Germany.
article

WHO'SNEWS: AIRASIA GROUP

Nov 10, 2021
Colin Currie to Chief Commercial Officer of AirAsia Group, Malaysia.
article

WHO'SNEWS: GRIFFIN GLOBAL ASSET MANAGEMENT

Nov 10, 2021
Peter Bennett to Senior Vice President-Marketing of Griffin Global Asset Management.
article

WHO'SNEWS: BARNES GROUP

Nov 11, 2021
Michael A. Beck announced retirement as Senior Vice President and President-Aerospace of Barnes Group, Bristol, CT.