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Magazine Issue

SpeedNews - March 3, 2023

March 03, 2023

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Air Transport

ATSG

Feb 25, 2023

ATSG had $198.6m net income on $2b revenues in 2022 vs $61.2m on $1.5b in 2019. It says 2023 will be an investment year with capital spending projected at $850m

AVELO

Feb 25, 2023

AVELO plans in May to begin Burbank-Brownsville, TX/-Colorado Springs; Orlando-Brownsville/-Charlottesville (737).

FTAI AVIATION

Feb 25, 2023

FTAI AVIATION had $212m net loss on $708.4m revenues in 2022 vs $130.7m loss on $335.5m in 2021; it has $2.5b in assets.

IAG

Feb 25, 2023

IAG had €431m net income on €23.1b revenues in 2022 vs €2.4b on €25.5b in 2019; it ended year with €14b liquidity.

IAG

Feb 25, 2023

IAG agreed to acquire remaining 80% of AIR EUROPA from Globalia for €400m.

SAS

Feb 25, 2023

SAS reports y-o-y traffic increase of 48% for quarter ended Jan 31; currency-adjusted passenger yield increased 7%.

HI FLY MALTA

Feb 25, 2023

HI FLY MALTA leased ex-KLM A330-200 (925) with CF6-80E1A3s from Air Lease Corporation.

VIVA AIR

Feb 28, 2023

VIVA AIR has suspended operations under financial pressures, blaming Colombian Govt for failure to approve sale to stronger airline group.

CAPITAL A

Mar 01, 2023

CAPITAL A (AirAsia) posted record RM172m net income on RM2.4b revenues in 4Q22 (21% higher revenues vs 3Q22).

ASHLAND PLACE

Mar 01, 2023

ASHLAND PLACE financed three more 737-800s for Royal Aero and Aquila Air Capital and has now financed six.

CASTLELAKE

Mar 01, 2023

CASTLELAKE has fully repaid $355m Castlelake Aircraft Securitization Trust 2015-1R with asset portfolio of 41 aircraft/15 engines.

REX

Mar 01, 2023

REX, Australia lost A$16.5m for six months ended Dec 31 (55% improvement vs a year ago).

FLYSAFAIR

Mar 01, 2023

FLYSAFAIR, South Africa leased ex-Ethiopian 737-800 (37933) from Aero Capital Solutions.

JET2.COM

Mar 01, 2023

JET2.COM, UK is expected to acquire six ex-SAS/-Sunwing 737-800s (29647/34546/35706/35707/35708/36552).

VIETJETAIR

Mar 01, 2023

VIETJETAIR is acquiring two ex-Air Asia X A330-300s (1619/1670) to add long-haul routes to Australia, ME and Europe.

INDIGO and GO FIRST

Mar 01, 2023

INDIGO and GO FIRST have been forced to ground about 50 GTF-powered A320neo Family aircraft.

LAX

Mar 01, 2023

LAX handled 5.5m pax in January, up 19.4% vs January 2019.

AVIA SOLUTIONS GROUP

Mar 01, 2023

AVIA SOLUTIONS GROUP has relocated its headquarters to Dublin and has become an Irish-registered aviation business.

OMAN AIR

Mar 01, 2023

OMAN AIR sold fifth 737-8 (43797) to CDB Aviation and leased it back, completing overall SLB deal for five.

WIZZ AIR ABU DHABI

Mar 01, 2023

WIZZ AIR ABU DHABI plans in summer 2023 to add a ninth A321neo and add Bishkek, Kyrgyzstan as new destination.

TSA

Mar 01, 2023

TSA screened 118,671,609 travelers at US airport checkpoints in Jan/Feb 2023, up 2% vs 116,517,383 in Jan/Feb 2019.

LONDON LUTON AIRPORT

Mar 01, 2023

LONDON LUTON AIRPORT submitted plans for expansion to increase annual capacity cap from 18m pax to 32m.

Aerospace

ACRO AIRCRAFT SEATING

Feb 25, 2023

ACRO AIRCRAFT SEATING was selected by Jet2.com to supply Series 9 fixed back seats for 35 A320neos/63 A321neos.

BOEING

Feb 25, 2023

BOEING temporarily halted deliveries of 787s as conducts additional analysis on fuselage's forward pressure bulkhead.

SAFRAN SEATS

Feb 25, 2023

SAFRAN SEATS was selected by Qantas to supply first/business class suites for its 12 A350-100s (SPNWS; Feb 24).

KAMAN

Feb 25, 2023

KAMAN had $46.2m net loss on $688m sales in 2022 vs $43.7m profit on $709m in 2021; Structures sales fell 6.9%.

ST ENGINEERING

Mar 01, 2023

ST ENGINEERING was selected by Vaayu Group (launch customer) to supply 20 ACCESS expandable cabin lavatories for A320s and 737s.

LUFTHANSA GROUP

Mar 01, 2023

LUFTHANSA GROUP unveiled new First Class Suite Plus double cabin for introduction in 2024 on new A350s.

HEICO FLIGHT SUPPORT

Mar 01, 2023

HEICO FLIGHT SUPPORT earned $83.6m on $371m sales in first quarter ended Jan 31 vs $52.4m on $273m a year ago.

MITSUBISHI

Mar 01, 2023

MITSUBISHI made equity investment into SWEDISH BIOFUELS to accelerate development of its advanced alcohol-to-jet (ATJ) technology.

HENSOLDT NEXEYA FRANCE

Mar 01, 2023

HENSOLDT NEXEYA FRANCE was selected by ATR to supply avionics test benches with ALYSA simulation solution.

STORM AVIATION

Mar 01, 2023

STORM AVIATION (FL Technics) has approval from UKAS (United Kingdom Accreditation Service) for its calibration laboratory at London-Stansted.

NYCO

Mar 01, 2023

NYCO renewed multi-year exclusive agreement with flydubai to supply Turbonycoil 600 for CFM56-powered 737NGs and LEAP-powered MAXs.

DOVETAIL ELECTRIC AVIATION

Mar 01, 2023

DOVETAIL ELECTRIC AVIATION completed initial ground tests to small-scale Electric Propulsion System (EPS) to spin a 3-bladed propeller.

ALTA

Mar 01, 2023

ALTA has added Collins Aerospace as an affiliate member.

MARK AB CAPITAL INVESTMENTS

Mar 01, 2023

MARK AB CAPITAL INVESTMENTS, UAE has agreed to acquire UAC's 49% stake in SUPERJET INTERNATIONAL, Italy, ending UAC's participation in program.

TRIUMPH GROUP

Mar 01, 2023

TRIUMPH GROUP priced $1.2b of senior secured first lien notes to redeem/acquire outstanding notes due in 2024.

PERFORMANCE REVIEW INSTITUTE

Mar 01, 2023

PERFORMANCE REVIEW INSTITUTE launched new PRI EAN app for 4,600 Nadcap-/MedAccred/-TPG-accredited suppliers to organize >7,400 annual PCI audits.

DEDIENNE AEROSPACE

Mar 01, 2023

DEDIENNE AEROSPACE, FL was selected by Barfield to distribute/service its ground support test equipment (GSTE).

GA TELESIS

Mar 01, 2023

GA TELESIS expanded its partnership with Honeywell to include distribution of new Finished Goods Inventory (FGI).

Business Aviation

FLEXJET

Feb 25, 2023

FLEXJET has acquired Cleveland-based CONSTANT AVIATION (business jet MRO), which has >650,000 sq ft of facilities in Cleveland, OH.

TEXAS AEROSPACE TECHNOLOGIES

Feb 25, 2023

TEXAS AEROSPACE TECHNOLOGIES, Abilene has sold several TXA201 tri-axial accelerometers to Southeast Aerospace for installation on various legacy FDRs.

JETFLY

Mar 01, 2023

JETFLY, Luxembourg received its 10th PC-24 Super Versatile Jet from Pilatus for its fractional ownership program.

MAGELLAN JETS

Mar 01, 2023

MAGELLAN JETS reports its total flight hours rose 19.9% in 2022 vs 2021, beating industry average growth of 7.7%.

FLYEXCLUSIVE

Mar 01, 2023

FLYEXCLUSIVE opened new 9,500 sq ft paint hangar at Kinston, NC, completing phase 2 expansion/increasing its total paint infrastructure to >33,000 sq ft to pain

Defense

BOEING

Mar 01, 2023

BOEING announced the global P-8 Poseidon fleet (156 aircraft in six countries) has surpassed 500,000 flight hours.

EMBRAER

Mar 01, 2023

EMBRAER has contract to provide component support for six A-29 Super Tucano aircraft for Philippine Air Force.

BOEING

Feb 28, 2023

BOEING announced the global P-8 Poseidon fleet (156 aircraft in six countries) has surpassed 500,000 flight hours.

ROLLS-ROYCE

Mar 01, 2023

ROLLS-ROYCE began testing the F130 (replacement engine for USAF B-52) at its outdoor test facility at the NASA Stennis Space Center, MS; engine is derived from

PACIFIC PROPELLER INTERNATIONAL

Mar 01, 2023

PACIFIC PROPELLER INTERNATIONAL (PPI), WA has US Navy contract to repair 20 Lockheed Orion P-3/EP-3 propellers.

MRO

ST ENGINEERING

Mar 01, 2023

ST ENGINEERING announced opening of new 177,000 sq ft, 2-bay widebody MRO hangar at Pensacola, FL.

ST ENGINEERING

Mar 01, 2023

ST ENGINEERING signed MOU with Pensacola State College to explore setting up an Aviation Training Academy in Pensacola, FL in 2024.

EMBRAER

Mar 01, 2023

EMBRAER was selected by Brazil's Ocean Explorer (its first helicopter operator) to provide its Beacon digital platform for ACH160 maintenance.

EIRTRADE AVIATION

Mar 01, 2023

EIRTRADE AVIATION was selected to manage disassembly of two unidentified 10-year-old 787-8s at Prestwick.

ECUBE

Mar 01, 2023

ECUBE began first part out project (A319) for inaugural US disassembly customer Killick Aerospace at Coolidge, AZ.

AEROSTAR

Mar 01, 2023

AEROSTAR, Romania completed C-Check on 737 MAX for Smartwings, its 1,000th base maintenance event since launch in early 2007.

SEABURY SOLUTIONS

Mar 01, 2023

SEABURY SOLUTIONS was selected by Bahamasair to provide its Alkym MRO IT solution to support engineering requirements for its 737s and ATRs.

AMP AERO SERVICES

Mar 01, 2023

AMP AERO SERVICES, Miami opened a new office in Dubai.

JORAMCO

Mar 01, 2023

JORAMCO was selected by Emirates to operate a 777 heavy maintenance line between March 2023 and June 2024.

HAECO GLOBAL ENGINE SUPPORT DALLAS

Mar 01, 2023

HAECO GLOBAL ENGINE SUPPORT DALLAS added 8-bay gantry system (now 12 bays) and LEAP tooling to perform quick-turn hospital maintenance tasks, from top and botto

JORAMCO

Mar 01, 2023

JORAMCO was named by Spirit AeroSystems as authorized nacelle repair center for A320s and 737s (and later 777s).

ETIHAD AIRWAYS ENGINEERING

Mar 01, 2023

ETIHAD AIRWAYS ENGINEERING is adding 50,000 sq meters of space to its 500,000 sq meter facility at Abu Dhabi with two new widebody hangars: single-bay Hangar 6D

LUFTHANSA TECHNIK MIDDLE EAST

Mar 01, 2023

LUFTHANSA TECHNIK MIDDLE EAST has long-term Total Component Support contract from Saudia Aerospace Engineering Industries for Saudia's 39 777s/18 787s; under de

SPRUNG STRUCTURES and GULF ENTERPRISES

Mar 01, 2023

SPRUNG STRUCTURES and GULF ENTERPRISES teamed to provide pre-designed/pre-manufactured MRO hangars in the Middle East.

JORDAN AIRMOTIVE

Mar 01, 2023

JORDAN AIRMOTIVE (JALCO) extended its CFM56-3 maintenance deal with Scat Airlines, Kazakhstan to include CFM56-7Bs.

AVEX

Mar 01, 2023

AVEX began modifying ex-American 757-200 (25697) for AerSale on its new Precision Aerospace Solutions conversion line in 30,000 sq ft hangar at New Iberia, LA;

321 PRECISION CONVERSIONS

Mar 01, 2023

321 PRECISION CONVERSIONS was selected by SAID (Sichuan Aviation Industry Development) to convert ex-Air Macau A321-200 (1926) to cargo; mods/heavy maintenance

WHO'SNEWS

WHO'SNEWS: AVITAS

Feb 25, 2023

Ashwini Krishnan to Manager-Asset Valuation of AVITAS, Chantilly, VA.

WHO'SNEWS: EASYFLY

Feb 25, 2023

Felipe Gutierrez Forero to Chief Executive Officer of EasyFly, Colombia.

WHO'SNEWS: AMERICAN AIRLINES

Feb 25, 2023

Greg Smith to Independent Chairman of American Airlines (effective April 30), following retirement of Doug Parker.

WHO'SNEWS: KEYSTONE AVIATION

Feb 25, 2023

David Allen to Chief Operating Officer of Keystone Aviation, Salt Lake City.

WHO'SNEWS: ECUBE

Mar 01, 2023

Raúl Pérez to General Manager-Castellón of ecube.

WHO'SNEWS: AVIATION CAPITAL GROUP

Mar 01, 2023

Alan Mangels to Vice President of Marketing of Aviation Capital Group, Newport Beach, CA.

WHO'SNEWS: MAAS AVIATION

Mar 01, 2023

Jan van Engelen to Chief Executive Officer of MAAS Aviation, Dublin.

WHO'SNEWS: LCI

Mar 01, 2023

Alan O’Rourke to Chief Financial Officer of LCI, UK.

WHO'SNEWS: BOEING

Mar 01, 2023

Howard McKenzie to Executive VP-Engineering, Test & Technology and Chief Engineer of Boeing; Greg Hyslop is retiring.

WHO'SNEWS: BOEING COMMERCIAL AIRPLANES

Mar 01, 2023

David Loffing to Vice President and Chief Engineer of Boeing Commercial Airplanes.

WHO'SNEWS: JACKSON SQUARE AVIATION

Mar 01, 2023

Daniel Cavanagh was promoted to Executive Vice President-Chief Risk Officer of Jackson Square Aviation, San Francisco.

WHO'SNEWS: JACKSON SQUARE AVIATION

Mar 01, 2023

Gemma Loder was promoted to Executive Vice President-Head of Capital Markets of Jackson Square Aviation, San Francisco.

WHO'SNEWS: JACKSON SQUARE AVIATION

Mar 01, 2023

Sruti Prakash was promoted to Executive Vce President and General Counsel of Jackson Square Aviation, San Francisco.

WHO'SNEWS: JACKSON SQUARE AVIATION

Mar 01, 2023

Ryan Opeka to newly-created position of Chief Operating and Legal Officer of Jackson Square Aviation, San Francisco.

WHO'SNEWS: ASM ROUTE DEVELOPMENT CONSULTANTS

Mar 01, 2023

Edmond Rose to Director of Aviation Consulting of ASM Route Development Consultants, UK.

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SpeedNews - March 3, 2023

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Air Transport

Aerospace

Business Aviation

Defense

MRO

WHO'SNEWS