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Air Transport

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AIRBUS

Aug 04, 2023
AIRBUS announced orders in July from two undisclosed customers for 10 A350-900s.
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AER LINGUS

Aug 04, 2023
AER LINGUS (IAG) sold new A320neo (11579) with LEAPs to Griffin Global Asset Management and leased it back.
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INDIGO

Aug 04, 2023
INDIGO, India agreed to sell five LEAP-powered A320neos to High Ridge Aviation for leaseback; first (11613) delivered.
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AIRBUS

Aug 04, 2023
AIRBUS delivered 65 aircraft (five A220s; 49 A320neo Family; three A330neos; and eight A350s) in July 2023...
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EMBRAER

Aug 04, 2023
EMBRAER delivered 17 commercial jets (10 E175s/seven E195-E2s) in 2Q23 vs 11 in 2Q22 and 24 (12 E175s/12 E195-E2s) in 1H23 vs 17 in 1H22.
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ATSG

Aug 04, 2023
ATSG had $38m net income on $529m revenues in 2Q23 vs $55.1m on $510m in 2Q22.
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CHORUS AVIATION

Aug 04, 2023
CHORUS AVIATION posted C$19.1m net income on C$397m revenues for 2Q23 vs C$40.8m loss on C$392m in 2Q22.
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MEDITERRANEAN SHIPPING COMPANY

Aug 04, 2023
MEDITERRANEAN SHIPPING COMPANY (MSC) has acquired majority stake in Milan-based ALISCARGO AIRLINES.
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SKY ALPS

Aug 08, 2023
SKY ALPS purchased four ex-Air Berlin Dash 8-Q400s (4234/4239/4245/4250) in deal arranged by Airstream Intl. Group.
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GEORGIAN AIRLINES

Aug 08, 2023
GEORGIAN AIRLINES is expected to lease 767-300BDSF (25585; ex-Air Canada) with PW4000s from CAM.
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FALKO

Aug 08, 2023
FALKO completed 20 aircraft transactions in 2Q23 and ended quarter with portfolio of 264 aircraft on lease to 44 operators.
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AVIANCA GROUP

Aug 08, 2023
AVIANCA GROUP earned $271.3m on $1.1b revenues in 2Q23 and ended quarter with 122 aircraft (109 A320s/13 787s).
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JAZEERA AIRWAYS

Aug 08, 2023
JAZEERA AIRWAYS had US$20.4m net income in 1H23 (vs US$23.4m in 1H22) on 26.1% higher revenues; traffic rose 41%.
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WESTERN GLOBAL AIRLINES

Aug 08, 2023
WESTERN GLOBAL AIRLINES, FL filed for voluntary protection under Chapter 11 with $77m of DIP financing from company founder and certain stakeholders (SPNWS; Aug 4);
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FLYDUBAI

Aug 08, 2023
FLYDUBAI agreed to wet-lease (ACMI) four 737-800s from October 17 to April 16 to support current fleet of 79 737s.
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AZORES AIRLINES

Aug 08, 2023
AZORES AIRLINES plans in early June to begin weekly Porto-Boston/-JFK/-Toronto (A321neo).
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JETBLUE

Aug 08, 2023
JETBLUE says it expects to ground four aircraft by end of 2023 due to issues with GTF engines.
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UNITED AIRLINES

Aug 08, 2023
UNITED AIRLINES is investing $33m to buy 113 acres of land in Denver for expansion, including its pilot training facility.
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AVION EXPRESS

Aug 08, 2023
AVION EXPRESS leased ex-Global Airways A320-200 (4628) with V2500s from Zephyrus Aviation Capital.
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ELECTRA AIRWAYS

Aug 08, 2023
ELECTRA AIRWAYS, Bulgaria leased ex-SmartLynx A320-200 (1762) with CFM56s from Carlyle Aviation Partners.
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GARUDA

Aug 08, 2023
GARUDA, Indonesia leased two ex-Oman Air 737-800s (40068/44423) from SMBC Aviation Capital.
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LUXWING

Aug 08, 2023
LUXWING, Malta leased ex-Flybe Dash 8-Q400 (4088) from Aergo Capital.
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GRIFFIN GLOBAL ASSET MANAGEMENT

Aug 08, 2023
GRIFFIN GLOBAL ASSET MANAGEMENT closed 3-year, $525m unsecured revolving credit facility, led by Mizuho Bank.
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TEXTRON AVIATION

Aug 08, 2023
TEXTRON AVIATION received certification from Brazil for Cessna SkyCourier high-wing twin turboprop (PT6A-65SCs).
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MARATHON AIRLINES

Aug 08, 2023
MARATHON AIRLINES, Greece leased ex-Azul E195 (361) from Azorra for wet-lease to AIR SERBIA.
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HIGH RIDGE AVIATION

Aug 08, 2023
HIGH RIDGE AVIATION, CT acquired its first aircraft, 737-8 (44312; leased to LYNX AIR), from Aergo Capital.
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CHALLENGE AIRLINES

Aug 08, 2023
CHALLENGE AIRLINES took delivery of IAI-converted 767-300ERF (25588; ex-Air Canada); JAT TEHNIKA performed mod.
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IATA

Aug 08, 2023
IATA added Air Montenegro (one A320/three E195s) as its 306th member.
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IATA

Aug 08, 2023
IATA reports y-o-y global pax traffic was up 31% in June on 28.8% higher capacity.
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MOODY'S INVESTORS SERVICE

Aug 08, 2023
MOODY'S INVESTORS SERVICE is forecasting global airline industry's aggregate operating profit will nearly double to $29b in 2023 from $15b in 2022, then topping $40b in 2024, vs $30b in pre-pandemic 2019.

Aerospace

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INDRA

Aug 04, 2023
INDRA, Spain and BAIN CAPITAL agreed to acquire 9.5% of ITP AERO, Spain (engine components) for €175m.
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WILLIS LEASE FINANCE

Aug 04, 2023
WILLIS LEASE FINANCE had $13m net income on $109m revenues in 2Q23 vs $5.1m on $78.1m in 2Q22, and ended quarter with 348 engines (vs 293 a year ago), 12 aircraft (vs 12) and other leased parts/equipment worth $2.2b.
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HEICO

Aug 08, 2023
HEICO completed acquisition of WENCOR GROUP, GA for $2.05b in cash/stock, it largest transaction in purchase price.
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BAA TRAINING FRANCE

Aug 08, 2023
BAA TRAINING FRANCE is being established near Orly with four full-flight simulators for operation by end 2023.
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TRANSDIGM

Aug 08, 2023
TRANSDIGM had $352m net income on $1.7b sales for third quarter ended June 30 vs $239m on $1.4b a year ago.
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HÉROUX-DEVTEK

Aug 08, 2023
HÉROUX-DEVTEK had C$4m net income on C$140.7m sales for first quarter ended June 30 vs C$965k on $114.1m a year ago.
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SWEDISH BIOFUELS

Aug 08, 2023
SWEDISH BIOFUELS announced ASTM International has accepted the use of C2 to C5 alcohols as feedstock.

Business Aviation

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EMBRAER

Aug 04, 2023
EMBRAER delivered 30 business jets (19 Phenoms/11 Praetors) in 2Q23 vs 21 (12 Phenoms/nine Praetors) in 2Q22.
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JET EAST

Aug 04, 2023
JET EAST (Gama Aviation), OH was approved to perform maintenance services on Bermuda-registed aircraft.
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NOMAD AVIATION

Aug 08, 2023
NOMAD AVIATION, Zurich added a Falcon 7X to its charter fleet; a G650ER is due in 3Q23. It will then have 10 aircraft.
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PIPER

Aug 08, 2023
PIPER was approved by Canada for M600/SLS HALO safety system with Garmin Autoland and stand-alone auto-throttle.
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JET EAST

Aug 08, 2023
JET EAST, OH was appointed by Honeywell as authorized avionics dealer.
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SANDHILLS GLOBAL

Aug 08, 2023
SANDHILLS GLOBAL says y-o-y global used business jet inventories were up 71.1% in July; asking values rose 0.6%.

MRO

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AERONAUTICAL ENGINEERS

Aug 08, 2023
AERONAUTICAL ENGINEERS was selected by Congo's Serve Air to convert its first 737-800 (30517; ex-Air China) to freighter.
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MAGNETIC MRO

Aug 08, 2023
MAGNETIC MRO completed its 100th aircraft paint job on 737 for Jeju Air.

Who'sNews

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WHO'SNEWS: CYPRUS AIRWAYS

Aug 08, 2023
Christos Limnatitis to Chief Commercial Officer of Cyprus Airways.
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WHO'SNEWS: TP AEROSPACE

Aug 08, 2023
Christopher England to new Global Sales Director of TP Aerospace, Copenhagen
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WHO'SNEWS: AERFIN

Aug 08, 2023
Jacqueline Fernandez to Head of Americas, based in Miami, of AerFin.
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WHO'SNEWS: PHILIPPINE AIRLINES

Aug 08, 2023
Anna Isabel V Bengzon to Chief Financial Officer of Philippine Airlines.