Subscription Required

 

SpeedNews - July 21, 2023 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

LILIUM

Jul 14, 2023
LILIUM announced $192m financing on top of $100m received in May.
article

ONTIC

Jul 18, 2023
ONTIC was licensed by Honeywell to deliver, repair, and perform upgrades to MCS-4000/7000/4200/7200 Multi-Channel SATCOM (MCS) systems.
article

ALLFLIGHT

Jul 18, 2023
ALLFLIGHT, WA announced upgrades to its vacuum chamber and CNC lathe machine for enhanced precision work on intricate aircraft components.

Air Transport

article

AIR FRANCE-KLM and APOLLO GLOBAL MANAGEMENT

Jul 14, 2023
AIR FRANCE-KLM and APOLLO GLOBAL MANAGEMENT finalized definitive agreement for previously announced €500m quasi-equity financing for Air France’s Engineering and Maintenance (MRO) components activities (SPNWS; May 12).
article

GOL

Jul 14, 2023
GOL expects EBITDA margin of 21% for 2Q23 on 9% higher y-o-y revenues; traffic rose 13% on 14% higher capacity.
article

COPA AIRLINES

Jul 14, 2023
COPA AIRLINES, Panama took delivery of its 25th 737 MAX (44185). It has 29 remaining on order.
article

AIRCASTLE

Jul 14, 2023
AIRCASTLE priced $650m of 6.5% senior notes due 2028 for general corporate purposes, including aircraft acquisitions.
article

PEGASUS

Jul 14, 2023
PEGASUS ordered 36 more A321neos and has now ordered 108 with LEAPs (30 delivered) for delivery through 2029.
article

ALLIANCE AVIATION SERVICES

Jul 14, 2023
ALLIANCE AVIATION SERVICES agreed to acquire four E190 airframes (TBA) from Azorra for delivery in Costa Rica starting August 2023 where engines will be installed to place aircraft into service in 4Q23-1Q24. It currently has 33 E190s (30 operated for Qantas) with another 30 to be acquired from AerCap through Jan 2026 (11 may be disassembled).
article

QANOT SHARQ AIRLINES

Jul 14, 2023
QANOT SHARQ AIRLINES, Uzbekistan agreed to lease ex-Air China A330-200 (1237) with Trent 700s from ALC.
article

GREATER BAY AIRLINES

Jul 14, 2023
GREATER BAY AIRLINES, Hong Kong leased ex-China Airlines 737-800 (39943) from SMBC Aviation Capital.
article

GREATER BAY AIRLINES

Jul 14, 2023
GREATER BAY AIRLINES, Hong Kong leased ex-China Airlines 737-800 (39943) from SMBC Aviation Capital.
article

US DOT

Jul 14, 2023
US DOT reports US airlines carried 77.5m pax in April 2023 (up 7.8% vs April 2022), an all-time high for the month.
article

REX

Jul 18, 2023
REX leased two ex-Singapore 737-800s (44217/44218) and now has nine 737NGs. It may add two more by end 2023.
article

AVION EXPRESS

Jul 18, 2023
AVION EXPRESS MALTA leased ex-Aura Airlines A320-200 (4113) with V2500s from Aircastle.
article

IBERIA

Jul 18, 2023
IBERIA leased ex-Hainan Airlines A350-900 (112) with Trent XWBs from AerCap.
article

US DOT

Jul 18, 2023
US DOT says US domestic air fares averaged $382 in 1Q23, down 4.1% from 4Q22 and 8.4% vs pre-pandemic 4Q19.
article

PAINE FIELD

Jul 18, 2023
PAINE FIELD was renamed SEATTLE PAINE FIELD INTERNATIONAL.
article

UNITED AIRLINES

Jul 18, 2023
UNITED AIRLINES plans in October to begin SFO-Manila (777-300ER); LAX-Hong Kong (787-9)/-Tokyo Narita (787-10).
article

JAPAN AIRLINES

Jul 18, 2023
JAPAN AIRLINES plans in March 2024 to begin daily Tokyo Haneda-Doha, Qatar (787-9).
article

ARAJET

Jul 18, 2023
ARAJET plans October 24 to begin four-times-weekly Santo Domingo-Toronto (737-8).

Business Aviation

Defense

article

LOCKHEED MARTIN

Jul 18, 2023
LOCKHEED MARTIN had $1.7b net income on $16.7b sales in 2Q23 vs $309m on $15.4b in 2Q22; it ended quarter with record $158b backlog. It delivered 60 aircraft/rotorcraft (45 F-35s/four C-130Js/11 helicopters) vs 71 (35/six/30) a year ago.

MRO

article

PRO STAR AVIATION

Jul 14, 2023
PRO STAR AVIATION, NH completed 120-month airframe inspection, including landing gear overhaul, of a Phenom 300.
article

MAGNETIC MRO

Jul 18, 2023
MAGNETIC MRO completed its 800th C-Check on A319 (2850) for SAS.
article

ETIHAD ENGINEERING

Jul 18, 2023
ETIHAD ENGINEERING completed 6-year heavy check on first A380 for return to service from storage as part of multi-aircraft deal; workscope included installation of new interior, rear spar/frame mods, and off-wing engine inspections.
article

SAFRAN AIRCRAFT ENGINE SERVICES

Jul 18, 2023
SAFRAN AIRCRAFT ENGINE SERVICES INDIA plans to build 36,500 sq meter LEAP MRO facility in Hyderabad for 2025.

WHO'SNEWS

article

WHO'SNEWS: GRIFFIN GLOBAL ASSET MANAGEMENT

Jul 18, 2023
Jose Kling to Senior Vice President-Marketing of Griffin Global Asset Management, Dublin.
article

WHO'SNEWS: GRIFFIN GLOBAL ASSET MANAGEMENT

Jul 18, 2023
Peter Hopkins to Tax Director of Griffin Global Asset Management, Dublin.
article

WHO'SNEWS: FEDEX

Jul 18, 2023
John W. Dietrich to Executive Vice President and Chief Financial Officer of FedEx, Memphis.
article

WHO'SNEWS: ELROY AIR

Jul 18, 2023
Alex Blake to Chief of Staff of Elroy Air, San Francisco.
article

WHO'SNEWS: ELROY AIR

Jul 18, 2023
Zach Lovering to Vice President of Engineering of Elroy Air, San Francisco.