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Air Transport

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IAG

Jul 28, 2023
IAG announced orders for six 787-10s for delivery in 2025/2026 to BRITISH AIRWAYS and one A350-900 for IBERIA.
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IAG

Jul 28, 2023
IAG had €1b net income on €7.7b revenues in 2Q23 vs €133m on €5.9b in 2Q22; it has restored 94% of its 2019 capacity.
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AIR FRANCE-KLM

Jul 28, 2023
AIR FRANCE-KLM had €604m net profit on €7.6b revenues in 2Q23 vs €324m on €6.7b; it is at 92% of 2019 capacity.
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SOUTHWEST AIRLINES

Jul 28, 2023
SOUTHWEST AIRLINES finalized new CBA with its AMFA-represented mechanics and related employees.
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SKYWEST

Jul 28, 2023
SKYWEST had $15.4m net income on $726m revenues in 2Q23 vs $54m on $799m in 2Q22.
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AZORRA

Jul 28, 2023
AZORRA, FL agreed to purchase assets of VOYAGER AVIATION HOLDINGS, which filed Chapter 11 to facilitate sale.
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AERCAP

Jul 31, 2023
AERCAP earned $496.9m on $1.9b revenues in 2Q23 vs $340.6m on $1.7b in 2Q22, raised guidance and authorized $500m share repurchase program. It has owned/managed/committed fleet of 3,467 aircraft, engines and helicopters.
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CANADA JETLINES

Jul 31, 2023
CANADA JETLINES took delivery of its third A320-200 (5995; ex-Pegasus) with CFM56s on lease from CCB Leasing.
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AIR INDIA

Jul 31, 2023
AIR INDIA plans September 15 to begin Delhi-Dhaka (A320).
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HAINAN AIRLINES

Jul 31, 2023
HAINAN AIRLINES plans September 20 to begin Shenzhen-Milan Malpensa (787-9).
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EGYPTAIR

Jul 31, 2023
EGYPTAIR plans October 29 to begin Cairo-London Heathrow (A321neo).
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SOUTHWEST AIRLINES

Jul 31, 2023
SOUTHWEST AIRLINES exercised 19 737-7 options for 2024 and converted 16 737-7 firm orders to 737-8s for 2024. It is estimating its 2023 capital spending at $3.5b, which includes about $2.3b in aircraft capital spending for 70 737-8s.
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GLOBAL CROSSING AIRLINES

Aug 03, 2023
GLOBAL CROSSING AIRLINES closed $35m financing with AXAR CAPITAL MANAGEMENT to refinance debt and provide capital for growth plan to expand pax/freighter aircraft fleet.
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LUFTHANSA GROUP

Aug 03, 2023
LUFTHANSA GROUP posted €881m net profit on €9.4b revenues in 2Q23 vs €259m on €8b in 2Q22.
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PORTER AIRLINES

Aug 03, 2023
PORTER AIRLINES took delivery of fourth E195-E2 (095) on lease from TrueNoord as part of overall SLB deal for six.
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DAE

Aug 04, 2023
DAE earned $141.1m on $670.1m revenues in 1H23 vs $140.1m on $582.8m in 1H22.
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US DOT

Aug 03, 2023
US DOT reports US airline fuel cost was $2.42/gallon in June vs $2.44 in May 2023; y-o-y consumption was up 11.1%.
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ALLEGIANT AIR

Aug 03, 2023
ALLEGIANT AIR had $84.2m net income on $684m revenues in 2Q23 vs $7.7m on $630m in 2Q22. It has 126 aircraft.
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SPIRIT AIRLINES

Aug 03, 2023
SPIRIT AIRLINES had $2.3m net loss on $1.4b revenues in 2Q23 vs $52.4m loss on $1.4b in 2Q22.
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BRITISH AIRWAYS

Aug 03, 2023
BRITISH AIRWAYS plans to begin London Heathrow-Riga, Latvia on Oct 29 and -Belgrade, Serbia on Oct 31 (A320/A321).
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IATA

Aug 03, 2023
IATA added Plus Ultra Lineas Aereas, Spain as new airline member.
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BBN AIRLINES

Aug 03, 2023
BBN AIRLINES, Türkiye leased ex-Asiana A320-200 (3873) with V2500s from AerCap. It also has five A321s.
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EASTAR JET

Aug 03, 2023
EASTAR JET, Korea leased new 737-8 (44304) from AIP Capital.
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AMERICAN AIRLINES

Aug 03, 2023
AMERICAN AIRLINES confirmed it is in preliminary talks with Airbus and Boeing about an order for 100-200 narrowbodies for delivery starting in latter half of 2020s.
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WESTJET CARGO

Aug 03, 2023
WESTJET CARGO took delivery of 737-800BCF (35502) on lease from BBAM; aircraft was modified by COOPESA.
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AVELO AIR

Aug 03, 2023
AVELO AIR leased ex-GOL 737-800 (34656) from Carlyle Aviation Partners.
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ETIHAD AIRWAYS

Aug 03, 2023
ETIHAD AIRWAYS plans March 31 to begin four-times-weekly Abu Dhabi-Boston (787-9).
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JAL GROUP

Aug 03, 2023
JAL GROUP had ¥23b net income on ¥381b revenues for first quarter ended June 30 vs ¥16.4b on ¥269m a year ago.
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KOREAN AIR

Aug 03, 2023
KOREAN AIR had KRW371.5b net income on KRW3,535b revenues in 2Q23 vs KRW450.4b on KRW3,332b in 2Q22.
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AFRIJET

Aug 03, 2023
AFRIJET, Gabon took delivery of new ATR 72-600 (1629); aircraft was originally due for delivery to TAROM.
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BATIK AIR MALAYSIA

Aug 03, 2023
BATIK AIR MALAYSIA leased ex-AirAsia X A330-300 (1411) with Trent 700s from Aircastle.
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AIR LEASE CORPORATION

Aug 03, 2023
AIR LEASE CORPORATION had $122m net profit on $673m revenues in 2Q23 vs $105.9m on $558m in 2Q22.

Aerospace

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L3HARRIS TECHNOLOGIES

Jul 28, 2023
L3HARRIS TECHNOLOGIES completed acquisiton of AEROJET ROCKETDYNE, CA, forming a fourth business segment.
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TORAY

Jul 28, 2023
TORAY is adding 74,000 sq ft to its facility in Morgan Hill, CA to increase production capacity for thermoplastic and thermoset composites by 50%.
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ROLLS-ROYCE CIVIL AEROSPACE

Aug 03, 2023
ROLLS-ROYCE CIVIL AEROSPACE earned £405m on £3.3b revenues in 1H23 vs £256m on £2.3b in 1H22.
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TLG AEROSPACE

Aug 03, 2023
TLG AEROSPACE, WA was selected by Eviation to design production configuration of all-electric Alice commuter aircraft.
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ZEROAVIA

Aug 03, 2023
ZEROAVIA was selected by Surcar Airlines, Canary Islands to supply ZA600 hydrogen-electric engines for retrofit on its Twin Otter seaplanes.
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AERO DESIGN LABS

Aug 03, 2023
AERO DESIGN LABS, TX says in-service testing of 737-800 with its drag reduction kit validated fuel and carbon emission reduction targets of 1.5-2%.
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TRIUMPH

Aug 03, 2023
TRIUMPH lost $12.8m on $327m sales in first quarter ended June 30 vs $10.3m loss on $349m a year ago.
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ATI

Aug 03, 2023
ATI had $76m net income on $1b sales (58% aerospace/defense) in 2Q23 vs $38m loss on $959.5m (46%) in 2Q22.
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ALTA

Aug 03, 2023
ALTA added Textron Aviation as new member.
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JOBY AVIATION

Aug 03, 2023
JOBY AVIATION posted net loss of $286m in 2Q23, reflecting loss on the revaluation of derivative liabilities of $181m and operating expenses of $116m.
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KAMAN

Aug 03, 2023
KAMAN had $5.3m net income on $195.2m sales in 2Q23 vs $3.8m on $160.8m in 2Q22. It has $34.3m in cash.
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ASTRONICS

Aug 03, 2023
ASTRONICS announced that it has accepted purchase orders to provide certain electrical power distribution, conversion, and vehicle charge control capabilities.
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BLUEBOX

Aug 03, 2023
BLUEBOX, UK was selected by AirJapan to provide Blueview IFE system for its 787s for startup in February 2024.
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VERTICAL AEROSPACE

Aug 03, 2023
VERTICAL AEROSPACE, UK lost £36m in 1H23 due to development costs for full-scale VX4 prototype. It has £89.7m cash.

Business Aviation

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GOGO BUSINESS AVIATION

Jul 28, 2023
GOGO BUSINESS AVIATION announced delay in its Gogo 5G system launch due to a design error in a non-5G component of its chip.
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GOGO BUSINESS AVIATION

Aug 03, 2023
GOGO BUSINESS AVIATION introduced AVANCE LX5 as easy box swap for AVANCE L5 for upgrading to Gogo 5G.
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VOYAGEUR AVIATION

Aug 03, 2023
VOYAGEUR AVIATION (Chorus Aviation) is expanding its air ambulance services (two King Air 200s) in New Brunswick to include service to Grand Manan Island.

MRO

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AFI KLM E&M

Jul 28, 2023
AFI KLM E&M earned €46m in 2Q23 (vs €57m in 2Q22) on 15.8% higher revenues; third party revenues rose 11.3%.
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PRATT & WHITNEY CANADA

Jul 31, 2023
PRATT & WHITNEY CANADA was selected by Jetstream Aviation Capital to support engines for its lessees' engines under Lessor-Guaranteed Maintenance Cost Plan (L-GMCP); program simplifies management of its aircraft portfolio.
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LUFTHANSA TECHNIK

Aug 03, 2023
LUFTHANSA TECHNIK earned €156m in 2Q23 (vs €112m in 2Q22) on 26% higher revenues; third party revenues rose 16%.
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SWISSPORT SAUDI ARABIA

Aug 03, 2023
SWISSPORT SAUDI ARABIA was selected by Royal Jordanian to provide ground services at four airports at Dammam, Jeddah, Riyadh, and Medina.

Defense

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GOVT OF CANADA

Aug 03, 2023
GOVT OF CANADA agreed to acquire five A330-200s from International Airfinance Corporation for conversion to MRTTs by Airbus.

Who'sNews

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WHO'SNEWS: KLASJET

Aug 03, 2023
Alastair Willson to Chief Executive Officer of Synergy Aviation, UK (to be rebranded as Ascend Airways) and Chairman of KlasJet.