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SpeedNews - October 27, 2023

October 27, 2023

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Aerospace

UNIVERSAL AVIONIC

Oct 24, 2023

UNIVERSAL AVIONICS was selected by De Havilland Canada as lead supplier of integrated flight decks for CL-215T and CL-415 firefighting aircraft

STARLINK

Oct 24, 2023

STARLINK was selected by Qatar Airways to provide Internet connectivity (350 Mbs/second) on certain aircraft/routes via SpaceX satellite network.

AIRCRAFT SPRUCE AND AERO PERFORMANCE

Oct 24, 2023

AIRCRAFT SPRUCE and AERO PERFORMANCE were appointed by ACR Electronics as distributors of its ARTEX ELT.

WESTAR AVIATION SERVICES

Oct 24, 2023

WESTAR AVIATION SERVICES and Riyadh-based MUKAMALAH AVIATION signed MOU to form partnership to provide aviation-related services in Saudi Arabia, including charter/wet-leasing, MRO, SAR, materials, engineering and GSE.

WISK AERO

Oct 24, 2023

WISK AERO completed flight test program of its autonomous eVTOL air taxi at Long Beach Airport (Southern California).

SIA ENGINEERING

Oct 24, 2023

SIA ENGINEERING completed acquisition of 10% of JAMCO's 50% shareholding in JAMCO AERO DESIGN & ENGINEERING (JADE) for US$915,200; it is now majority stakeholder at 55%, with JAMCO Corp holding 40% and JAMCO America 5%.

AIRBUS

Oct 24, 2023

AIRBUS launched production of A350F at AIRBUS AEROSTRUCTURES and PREMIUM AEROTEC with initial components at Bremen and Varel; detailed parts and subassemblies for sections 13/14 will be delivered to Nordeham for assembly.

THOMPSON AERO SEATING

Oct 24, 2023

THOMPSON AERO SEATING opened £7.5m dynamic test facility at Banbridge, County Down to certify new products.

GE AEROSPACE

Oct 24, 2023

GE AEROSPACE earned $1.7b on $8.4b revenues in 3Q23 vs $1.3b on $6.7b in 3Q22, delivering double-digit growth in orders; spin-off of company is planned in 2Q24. It delivered 520 commercial engines (389 LEAPs) vs 489 (347) a year ago.

PRATT & WHITNEY

Oct 24, 2023

PRATT & WHITNEY lost $2.5b on $926m sales in 3Q23 vs $316m profit on $5.4b in 3Q22; drop in sales included the impact of a charge related to the powder metal matter of $5.4b, with remaining change driven by increases of 25% in commercial OE and 21% in commercial aftermarket. It delivered 261 large commercial engines in 3Q23 vs 192 in 3Q22.

COLLINS AEROSPACE

Oct 24, 2023

COLLINS AEROSPACE earned $903m on $6.6b sales in 3Q23 vs $742m on $5.7b in 3Q22; profit included a $57m charge related to a litigation matter and a $83m related to restructuring and other significant and/or non-recurring items.

SKYTRAC

Oct 24, 2023

SKYTRAC was selected by Canada's Carson Air to supply Iridium Certus SDL-350 satellite system for its King Air 360s.

JETTAINER

Oct 24, 2023

JETTAINER extended its ULD management contract with ITA Airways.

CAE

Oct 24, 2023

CAE agreed to sell its Healthcare business for enterprise value of C$311m.

EFW

Oct 24, 2023

EFW was selected by Iberia to supply lightweight Airbus Airspace L Bins for retrofit on its A320s starting in early 2025.

GRIFFIN GLOBAL ASSET MANAGEMENT AND BAIN CAPITAL SPECIAL SITUATIONS

Oct 24, 2023

GRIFFIN GLOBAL ASSET MANAGEMENT and BAIN CAPITAL SPECIAL SITUATIONS agreed to acquire pool of 17 Trent engines, to be owned by newly formed standalone entity, for use as spares for Rolls-Royce global customer base.

SITA

Oct 24, 2023

SITA was selected by Azul to supply eWAS and OptiClimb solutions for trial.

HEXCEL

Oct 24, 2023

HEXCEL had $38.7m net income on $419.5m sales in 3Q23 vs $26.8m of $364.7m in 3Q22; commercial aerospace sales rose 20.5% to $251.9m, driven by A350 and 787 programs with total narrowbody sales unchanged from 3Q22.

CRANE AEROSPACE & ELECTRONICS

Oct 24, 2023

CRANE AEROSPACE & ELECTRONICS earned $40m on $207m sales in 3Q23 vs $28m on $167m in 3Q22.

BOEING

Oct 26, 2023

BOEING had $1.6b net loss on $18.1b revenues in 3Q23 vs $3.3b loss on $16b in 3Q22 and ended quarter with $469b backlog, up from $404b at end 2022. BCA lost $678m on $7.9b revenues in 3Q23 vs $622m loss on $6.3b in 3Q22.

BOEING

Oct 26, 2023

BOEING reduced 737 delivery projections for 2023 to 375-400 from 400-450; it expects to complete final assembly transition to 38 per month by end 2023 (going to 50 per month in 2025/2026 timeframe). It still plans to deliver 70-80 787s in 2023 and says it is now transitioning 787 production to five per month (going to 10 per month in 2025/2026).

AIRBUS

Oct 24, 2023

ARCHER AVIATION

Oct 26, 2023

ARCHER AVIATION made first flight of its piloted, 4-pax Midnight eVTOL, which it expects to enter service in 2025.

UNIVERSAL HYDROGEN AND JBT AEROTECH

Oct 26, 2023

UNIVERSAL HYDROGEN and JBT AEROTECH teamed to develop hydrogen fuel cell-powered mobile battery charger for existing electrified airport GSE.

KKR

Oct 26, 2023

KKR agreed to take minority stake in PRECIPART, NY (precision components).

HONEYWELL AEROSPACE

Oct 27, 2023

HONEYWELL AEROSPACE earned $963m on $3.5b revenues in 3Q23 vs $818m on $3b in 3Q22; aftermarket rose >20%.

SABCA

Oct 27, 2023

SABCA, Belgium selected Razorleaf as its PLM technical-services partner to support implementation of 3DEXPERIENCE from Dassault Systèmes.

TT ELECTRONICS

Oct 27, 2023

TT ELECTRONICS plans November 6 to open 40,000 sq ft power solutions R&D facility in Manchester, UK.

SHERWIN-WILLIAMS AEROSPACE COATINGS

Oct 27, 2023

SHERWIN-WILLIAMS AEROSPACE COATINGS introduced chrome-free, water-based, translucent, sol-gel metal Jet Prep Pretreatment (CM0220P01) solution that provides superior adhesion/corrosion protection over aluminum substrates.

TRIMAS AEROSPACE

Oct 27, 2023

TRIMAS AEROSPACE earned $7.1m on $67.6m sales in 3Q23 vs $4.7m on $45.4m in 3Q22.

CFM INTERNATIONAL

Oct 27, 2023

CFM INTERNATIONAL says LEAP engine family has reached 40m flight hours.

Air Transport

GENESIS

Oct 21, 2023

GENESIS closed 6-year, $215m term loan to finance 28-aircraft portfolio. Morgan Stanley was sole structuring agent.

FLYBONDI

Oct 21, 2023

FLYBONDI, Argentina (launched in 2018) announced plan for IPO on NASDAQ and its entry into a definitive business combination agreement with Integral Acquisition Corporation 1 (Integral 1); transaction is expected to close in 1H24.

LAX

Oct 21, 2023

LAX says it surpassed pre-pandemic pax levels for first time on Oct 9.

ATLAS AIR

Oct 24, 2023

ATLAS AIR is investing $4m to move its headquarters to newly-leased 60,000 sq ft facility in White Plains, NY.

VOLARIS

Oct 24, 2023

VOLARIS agreed to lease two GTF-powered A321neos from SMBC Aviation Capital; first (11646) was delivered.

ANADOLUJET

Oct 24, 2023

ANADOLUJET, Turkey took delivery of new GTF-powered A320neo (11163) on lease from BOC Aviation.

NESMA AIRLINES

Oct 24, 2023

NESMA AIRLINES, Egypt leased ex-flynas A320-200 (2776) with CFM56s from Air Lease Corporation.

AERO MONGOLIA

Oct 24, 2023

AERO MONGOLIA acquired ex-Air France A319-100 (2456) with CFM56s from FTAI Aviation.

BAMBOO AIRWAYS

Oct 24, 2023

BAMBOO AIRWAYS, Vietnam is expected to eliminate its 787 fleet (two aircraft) after decision to drop long-haul operations in favor of increasing service on high-demand short-haul routes with A320 Family aircraft. It says it is working closely with Boeing and Airbus to implement previously agreed upon aircraft purchase agreements for 2024 going forward.

SKYHIGH

Oct 24, 2023

SKYHIGH, Dominican Republic leased two ex-Flybe E175s (326/329) from Regional One.

NEPAL AIRLINES

Oct 24, 2023

NEPAL AIRLINES issued RFP to purchase three STOL aircraft (exact type not specified); bidding ends December 5.

AIR ASTANA

Oct 24, 2023

AIR ASTANA took delivery of its 11th new GTF-powered A321LR (11542) and now has 48 aircraft, including 40 Airbus.

SOUTHWIND AIRLINES

Oct 24, 2023

SOUTHWIND AIRLINES, Turkey leased ex-Singapore 777-300 (33376) with Trent 800s from Sky One FZE.

AIR CANADA

Oct 24, 2023

AIR CANADA leased ex-EVA Air A321-200 (5808) with CFM56s from Amedeo.

AWESOME CARGO

Oct 24, 2023

AWESOME CARGO, Mexico received its AOC for startup out of AIFA with A330-200 (1218; ex-Alitalia) in Class E cargo configuration with no cargo door (SPNWS; February 10); AVENSIS AVIATION, UK modified aircraft under MEDIUS STC.

FINNAIR GROUP

Oct 24, 2023

FINNAIR GROUP earned €94.3m on €817.3m revenues in 3Q23 vs €35.2m on €719.2m in 3Q22; traffic rose 6.6%.

JETBLUE AIRWAYS

Oct 24, 2023

JETBLUE AIRWAYS agreed to finance leases of two A321neos and eight A220-300s with BOC Aviation, Singapore.

BREEZE AIRWAYS

Oct 24, 2023

BREEZE AIRWAYS plans January 12 to begin twice-weekly Gulfport, MS-Las Vegas/-Tampa (A220-300).

IATA

Oct 24, 2023

IATA added United Nigeria as new member; 18 airlines joined in '23.

NAV CANADA

Oct 24, 2023

NAV CANADA reports traffic decrease of 7.3% for year ended August 31 vs fiscal year in pre-pandemic 2019; traffic was up 18.1% vs a year ago.

US DOT

Oct 24, 2023

US DOT says US airlines operated 630,761 flights in August 2023, up 5.5% vs Aug 2022; on-time arrival rate was 77.2%.

EASTERN AIRWAYS

Oct 24, 2023

EASTERN AIRWAYS, UK leased ex-Air Modova E190 (310) from Falko Regional Aircraft.

HAWAIIAN AIRLINES

Oct 26, 2023

HAWAIIAN AIRLINES had $48.7m net loss on $727.7m revenues in 3Q23 vs $9.3m loss on $741.2m in 3Q22. It says revenue was trending positively in July, but Lahaina wildfires on August 8 caused a sharp decrease in traffic to Maui.

GULF AIR

Oct 26, 2023

GULF AIR plans in January 2024 to begin Manama-Guangzhou/-Shanghai (787).

CAM

Oct 26, 2023

CAM has acquired two ex-Garuda A330-300s (349/356) with Trent 700s for conversion to freighter by EFW.

CENTRAL AIRLINES

Oct 26, 2023

CENTRAL AIRLINES, China leased STAECO-converted 737-800BCF (32683; ex-Jeju Air) from AerCap.

CITY AIRLINES

Oct 26, 2023

CITY AIRLINES (Lufthansa Group) plans mid-2024 startup of feeder services out of Munich/Frankfurt with A319s.

NORTHERN AIR CARGO

Oct 26, 2023

NORTHERN AIR CARGO, AK leased two 767-300ERBCFs (30564/30566) from Northwest Aviation Leasing.

JETBLUE

Oct 26, 2023

JETBLUE plans to begin seasonal JFK-Dublin on March 13 and seasonal JFK-Edinburgh on May 22 (A321neo).

AZUL

Oct 26, 2023

AZUL reached agreement with Amazon to expand/accelerate package delivery services in Northern Brazil.

AIR TRANSAT

Oct 26, 2023

AIR TRANSAT plans June 12 to begin twice-weekly Montreal-Marrakesh, Morocco (A321LR).

TURKISH AIRLINES

Oct 26, 2023

TURKISH AIRLINES agreed to lease three new GEnx-powered 787-9s and 25 new 737-8s, and extend leases on six A330-200s (869/876/949/961/977/1213), from AerCap; the new aircraft are scheduled to for delivery in 2024-2026.

AIR FRANCE

Oct 26, 2023

AIR FRANCE sold second new A350-900 (616) to Jackson Square Aviation and leased it back (SPNWS; April 29.

RWANDAIR

Oct 27, 2023

RWANDAIR, Kigali leased ex-Oman Air 737-800 (29664) from BBAM. It now has seven 737NGs.

GENESIS

Oct 27, 2023

GENESIS took minority stake in Lithuania's HESTON AIRLINES, which has 15 aircraft (five leased from Genesis).

SOUTHWEST AIRLINES

Oct 27, 2023

SOUTHWEST AIRLINES had $193m net income on record 6.5b revenues in 3Q23 vs $277m on $6.2b in 3Q22; it now expects to take 85 737-8s in 2023 (vs previous plan for 70), resulting in increase in 737-700 retirements to 41 vs 26.

SPIRIT AIRLINES

Oct 27, 2023

SPIRIT AIRLINES had $158m net loss on $1.26b revenues in 3Q23 vs $36m loss on $1.34b in 2Q22. It is assuming the average number of grounded A320neos will climb steadily from 13 in January to 41 in December, averaging 26 for 2024.

FRONTIER AIRLINES

Oct 27, 2023

FRONTIER AIRLINES had $32m net loss on $883m revenues in 3Q23 vs $31m profit on $906m in 3Q22; capacity rose 21%.

LUFTHANSA SYSTEMS

Oct 27, 2023

LUFTHANSA SYSTEMS successfully migrated Cathay Pacific’s operation critical systems to Global Aviation Cloud (GAC), including NetLine products.

ETIHAD AIRWAYS

Oct 27, 2023

ETIHAD AIRWAYS plans May 1 to begin daily Abu Dhabi-Nairobi, Kenya (A320).

AZORRA

Oct 27, 2023

AZORRA, FL signed six lease agreements (for five E195s and one E175) in 3Q23, when it delivered four aircraft (E195s). It ended quarter with fleet of 83 aircraft on lease to 28 operators in 22 countries, plus another 57 on order.

FTAI AVIATION

Oct 27, 2023

FTAI AVIATION had $33m net income on $291m revenues in 3Q23 vs $22.8m net loss on $230m in 3Q22. It says it closed on 23 engines/10 aircraft at attractive prices to help generate future growth in aviation leasing adjusted EBITDA.

UNITED AIRLINES

Oct 27, 2023

UNITED AIRLINES plans May 24 to begin four-times-weekly Newark-Faro, Portugal (757-200).

AVIAIR

Oct 27, 2023

AVIAIR leased ex-airBaltic Dash 8-400 (4331) from Nordic Aviation Capital for operation for NEXUS AIRLINES.

CONDOR

Oct 27, 2023

CONDOR ordered three more A330-900s for delivery in 2026/2027 to increase its A330neo fleet to 21 aircraft. Deliveries of its initial order for 16 aircraft are scheduled to be completed in 1H24 to replace its 767s; final five are for growth.

PAL AIRLINES

Oct 27, 2023

PAL AIRLINES, Canada leased ex-Flybe Dash 8-400 (4214) from Nordic Aviation Capital.

SOUTHWEST AIRLINES

Oct 27, 2023

SOUTHWEST AIRLINES ordered another 108 737-7s, increasing its MAX orderbook to >500 aircraft, including >300 -7s.

LUFTHANSA

Oct 27, 2023

LUFTHANSA is restoring the A380 on Munich-Los Angeles/-Bangkok; aircraft carries 509 pax in four classes. It decided in 2022 to reactivate the A380 and now has four in service with remaining four due to enter service by end of 2025.

AIR FRANCE-KLM AND APOLLO GLOBAL MANAGEMENT

Oct 27, 2023

AIR FRANCE-KLM and APOLLO GLOBAL MANAGEMENT signed definitive agreement for quasi-equity financing of €1.3b, with potential upsize to €1.5b prior to closing; transaction will allow Air France-KLM to make an additional step towards its commitment to restore its IFRS equity and strengthen its balance sheet, in addition to net profit generation.

Air Transport/MRO

GOL

Oct 27, 2023

GOL expanded its commerical partnership with Air France-KLM for another 10 years in which both parties will grant each other exclusivity of routes between Europe and Brazil; deal includes CFM56/LEAP maintenance by AFI KLM E&M.

Business Aviation

HAHN AIR

Oct 24, 2023

HAHN AIR, Germany ordered a Cessna Citation CJ3 Gen2 (European launch customer) and Citation Latitude for 2026.

GENERAL DYNAMICS AEROSPACE

Oct 26, 2023

GENERAL DYNAMICS AEROSPACE earned $268m on $2b sales in 3Q23 vs $312m on $2.3b in 3Q22; book-to-bill ratio was 1.44 vs 1.15 a year ago. GULFSTREAM delivered 27 (22 large) green business jets in 3Q22 vs 35 (28) in 3Q22.

MID-CANADA MOD CENTER

Oct 26, 2023

MID-CANADA MOD CENTER has FAA/TC STC to install UNIVERSAL AVIONICS InSight flight deck upgrade on Falcon 50.

TEXTRON AVIATION

Oct 27, 2023

TEXTRON AVIATION earned $160m on $1.3b revenues in 3Q23 vs $131m on $1.2b in 3Q22; it has $7.4b backlog. It delivered 39 jets/38 turboprops vs 39 jets/33 turboprops a year ago. BELL delivered 23 commercial helicopters vs 49.

Defense

PORTUGUESE AIR FORCE

Oct 21, 2023

PORTUGUESE AIR FORCE placed its first KC-390 Millennium into service. It has ordered five.

AIRBUS

Oct 24, 2023

AIRBUS signed €1.2b in contracts to provide capability enhancements and in-service support of the French A330 MRTT fleet of 15 aircraft.

HENSOLDT AND AIRDYNE AEROSPACE

Oct 24, 2023

HENSOLDT and AIRDYNE AEROSPACE, FL teamed to offer new mission suite for C-130 that combines HENSOLDT’s 'MissionGrid' portfolio of different sensors and mission management systems with Airdyne’s SABIR modular system.

LOCKHEED MARTIN

Oct 24, 2023

LOCKHEED MARTIN has dropped out of USAF's KC-135 replacement program, but its partner, AIRBUS, says it plans to pursue the contract with its A330MRTT. With Lockheed Martin out, Boeing’s KC-46 remains the favorite for the program.

BOMBARDIER DEFENSE

Oct 24, 2023

BOMBARDIER DEFENSE delivered the seventh Global 6000 for USAF Battlefield Airborne Communications Node (BACN) program; aircraft is designated the E-11A. USAF has option to purchase an additional aircraft per year through 2026.

MRO

321 PRECISION CONVERSIONS

Oct 21, 2023

321 PRECISION CONVERSIONS was certified by CAAC for its A321-200PCF freighter conversion; first aircraft (1926; ex-Air Macau) is to be operated by SICHUAN AIRLINES from late 2023 following modification/maintenance by SMECO.

DE HAVILLAND CANADA

Oct 24, 2023

DE HAVILLAND CANADA has acquired MID-CANADA MOD CENTRE (MC2) and AVIONICS DESIGN SERVICES (ADS).

VITECH

Oct 24, 2023

VITECH, Bulgaria was formed by Lufthansa Technik and CleverPine to produce software solutions for Lufthansa Technik's business segments.

STANDARDAERO

Oct 24, 2023

STANDARDAERO added engine test services for CFM56-7B at its six-cell test complex at DFW International Airport.

AEROPLEX OF CENTRAL EUROPE

Oct 24, 2023

AEROPLEX OF CENTRAL EUROPE plans to build 7,000 sq meter component repair facility in Budapest for early '24.

GMF AEROASIA

Oct 24, 2023

GMF AEROASIA, Indonesia extended A320/A330 maintenance training services agreement with Airbus through 2028.

AIRBUS

Oct 24, 2023

AIRBUS has Flight Hour Services maintenance agreement with Cyprus Airways for two A220-300s on lease from ALC.

JORAMCO

Oct 24, 2023

JORAMCO completed first CFM56-7B thrust reverser repair for Spirit AeroSystems, which provided training/assistance.

FINNAIR

Oct 24, 2023

FINNAIR announced plan to refurbish interiors of 12 E190s (operated by Nordic Regional Airlines) in 2024-2025.

LUFTHANSA TECHNIK

Oct 24, 2023

LUFTHANSA TECHNIK has 7-year Total Component Support contract from Hawaiian for 34 A330ceos/18 A321neos.

LUFTHANSA TECHNIK

Oct 26, 2023

LUFTHANSA TECHNIK was selected by Orlando-based National Airlines to overhaul 11 CF6-80s (for 747Fs) over the next five years; deal includes Cyclean engine wash services, AOG support and consumable and expendables support.

TEESSIDE INTL AIRPORT

Oct 26, 2023

TEESSIDE INTL AIRPORT, UK is building new 27,000 sq ft maintenance hangar for mid-2024; a second is planned.

BOEING GLOBAL SERVICES

Oct 26, 2023

BOEING GLOBAL SERVICES earned $784m on $4.8b revenues in 3Q23 vs $733m on $4.4b in 3Q22; it has $18b backlog.

MAB ENGINEERING

Oct 26, 2023

MAB ENGINEERING, Malaysia setting up engine service facility with assistance from MTU MAINTENANCE ZHUHAI.

HAECO GROUP

Oct 26, 2023

HAECO GROUP was licensed by Safran Aerosystems to perform evacuation slide maintenance services for C919s.

MAMMOTH FREIGHTERS

Oct 27, 2023

MAMMOTH FREIGHTERS inducted its first 777-300ER (35299; ex-Nordwind) for freighter conversion for AviaAM Leasing as part of deal for six; mods are being performed by ASPIRE MRO, TX. Mammoth currently has two 777-200LR freighter conversions in work, with the first aircraft having all surround structure installed and nearing completion.

AERONAUTICAL ENGINEERS

Oct 27, 2023

AERONAUTICAL ENGINEERS has Air Inuit order for three 737-800SF freighter conversions for 2024; first aircraft (40852; ex-Comair) is slated to begin modification in November 2023 at KF AEROSPACE, Canada for delivery in March 2024.

AFI KLM E&M

Oct 27, 2023

AFI KLM E&M was selected by Norse Atlantic to provide Prognos for Aircraft predictive maintenance solution for 787s.

AVES AERO TECHNIC AVIATION

Oct 27, 2023

AVES AERO TECHNIC AVIATION, Turkey acquired ex-Singapore 777-200 (33371) from AviaAM Leasing for part out.

Who’sNews

WHO'SNEWS: FRONTIER AIRLINES

Oct 21, 2023

James G. Dempsey to President of Frontier Airlines; Mark C. Mitchell was named Senior VP and Chief Financial Officer.

WHO'SNEWS: QATAR AIRWAYS

Oct 24, 2023

Engr. Badr Mohammed Al-Meer to Group Chief Executive of Qatar Airways; Akbar Al Baker is stepping down.

WHO'SNEWS: QANTASLINK

Oct 24, 2023

Rachel Yangoyan to Chief Executive Officer of QantasLink, Australia.

WHO'SNEWS: BAMBOO AIRWAYS

Oct 24, 2023

Hoai Nam to Chief Executive Officer of Bamboo Airways, Vietnam.

WHO'SNEWS: AIR FRANCE-KLM

Oct 24, 2023

Pieter Bootsma, EVP and Chief Strategy Officer of Air France-KLM, announced he is leaving company (effective January 1).

WHO'SNEWS: FAA

Oct 26, 2023

Michael Whitaker was confirmed as new Administrator of the FAA.

WHO'SNEWS: TRIMASS AEROSPACE

Oct 26, 2023

Vitaliy Rusakov to President of TriMas Aerospace, MI (November 13).

WHO'SNEWS: ALTRON AVIATION CONSULTANCY

Oct 27, 2023

Jerry Qiu to Senior Associate, based in New York, of Alton Aviation Consultancy.

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