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Aerospace

CFM INTERNATIONAL

Jan 27, 2024
CFM INTERNATIONAL finalized deal with Akasa Air to supply LEAP-1Bs and aftermarket support for 150 MAXs.

TATA GROUP

Jan 27, 2024
TATA GROUP is setting up H125 final assembly line in India with Airbus Helicopters for 2026.

MOOG COMMERCIAL AIRCRAFT

Jan 27, 2024
MOOG COMMERCIAL AIRCRAFT earned $20.6m on $194m sales in first quarter ended Dec 31 vs $14.5m on $132m.

EVE AIR MOBILITY

Jan 29, 2024
EVE AIR MOBILITY selected THALES (air data solution), HONEYWELL (guidance, navigation and external lighting), RECARO (seats) and FACC (horizontal and vertical tail, including rudder and elevator) as suppliers for its eVTOL.

RCAPITAL

Jan 29, 2024
RCAPITAL acquired FGP GROUP, UK, which includes FGP SYSTEMS (precision engineering), FGP LUFTON (parts manufacturer) and RAMP SURFACE COATINGS (surface treatments and coatings), from 126 individual shareholders.

AIRBUS

Jan 29, 2024
AIRBUS completed acquisition of Eutelsat OneWeb's 50% share of their AIRBUS ONEWEB SATELLITES, FL joint venture, and is now sole owner.
article

BOEING

Jan 31, 2024
BOEING is withdrawing its request to FAA for time-limited exemption (TLE) from current engine inlet de-icing system requirements for non-compliant 737-7, which is expected to further delay certification aircraft into at least 2025.
article

EMBRAER

Jan 31, 2024
EMBRAER launched GIFT (Guiding and Inspiring Future Technicians) program for training new aviation mechanics in Sorocaba, Brazil.
article

ANSETT AVIATION TRAINING

Jan 31, 2024
ANSETT AVIATION TRAINING was selected by DAE to provide ATR 72-600 and A320 pilot training at Dubai South. DAE has 67 ATR 72-600s/168 A320s.
article

TURBOTECH and SAFRAN

Jan 31, 2024
TURBOTECH and SAFRAN successfully tested the first hydrogen-fueled gas turbine engine for the light aviation market as part of France's BeautHyFuel project, formed by Turbotech, Elixir Aviation, Safran, Air Liquide and Daher.
article

AE INDUSTRIAL PARTNERS

Jan 31, 2024
AE INDUSTRIAL PARTNERS acquired 2.27m sq ft industrial facility in Northwest Alabama for renovation into an aerospace center of excellence to house select AEI portfolio companies as well as other suppliers/manufacturers.
article

AMPHENOL

Jan 31, 2024
AMPHENOL agreed to acquire CARLISLE INTERCONNECT TECHNOLOGIES, FL in transaction valued at $2.025b.
article

CRANE

Jan 31, 2024
CRANE A&E was selected by Deutsche Aircraft to supply Mark V brake-by-wire brake control system for D328eco.
article

VERUS AEROSPACE

Jan 31, 2024
VERUS AEROSPACE, CA was formed by Arlington Capital Partners via combination of Perfekta, Precision Machine Works, Arden Engineering, Premier Processing and Quality Forming for manufacturing complex aerostructure components.
article

EMBRAER

Jan 31, 2024
EMBRAER delivered seven E-Jets/18 E2-Jets in 4Q23 vs 17/13 in 4Q22 and 25 E-Jets/39 E2-Jets in 2023 vs 38/19 in 2022.
article

AIRBUS

Jan 31, 2024
AIRBUS signed MOU with Avinor, SAS, Swedavia and Vattenfall to investigate the feasibility of a hydrogen infrastructure , including hydrogen aircraft concepts/operations, supply, infrastructures and refueling, at airports in Sweden and Norway.
article

BOEING

Jan 31, 2024
BOEING had $30m net loss on $22b revenues in 4Q23 vs $663m loss on $20b in 4Q22 and $2.2b net loss on $77.8b in 2023 vs $5.1b loss on $66.6b in 2022; its y-o-y backlog rose 29% to $520b. However, it postponed guidance for 2024.
article

BOEING COMMERCIAL AIRPLANES

Jan 31, 2024
BOEING COMMERCIAL AIRPLANES posted $1.6b operating loss on $33.9b in 2023 vs $2.3b loss on $26b in 2022; 4Q23 profits were positive. It says 787 production rate is now at five per month and 737 program is now at 38 per month.
article

UPTAKE ALLIANCE

Feb 02, 2024
UPTAKE ALLIANCE was formed by 15 companies, including AMPAIRE, to commercialize and scale solutions to combat current climate challenges.
article

TORAY ADVANCED COMPOSITES

Feb 02, 2024
TORAY ADVANCED COMPOSITES launched Life Cycle Assessment (LCA) program to quantify/reduce the environmental impact of its manufacturing processes for Cetex thermoplastic composite materials (initially at Nijverdal, Netherlands).
article

HONEYWELL AEROSPACE

Feb 02, 2024
HONEYWELL AEROSPACE posted $1b operating profit on $3.7b sales in 4Q23 vs $890m on $3.2b in 4Q22 (4Q23 was its sixth consecutive quarter of double-digit organic growth); and $3.7b on $13.6b in 2023 vs $3.2b on $11.8b in 2022.
article

HEART AEROSPACE

Feb 02, 2024
HEART AEROSPACE, Sweden raised $107m in new round of funding and has now raised $145m since its inception.
article

ATI

Feb 02, 2024
ATI had $410.8m net income on $4.2b sales (63% aerospace and defense in 4Q) in 2023 vs $323.5m on $3.8b in 2022.

Air Transport

SAS

Jan 27, 2024
SAS sold new LEAP-powered A320neo (11832) to Aviation Capital Group for leaseback, the ninth of a 10-aircraft deal.

XTREME AVIATION

Jan 27, 2024
XTREME AVIATION, FL acquired ex-DHL 737-400SF (25163) for lease to AEROSUCRE, Colombia.

GOL

Jan 27, 2024
GOL voluntarily filed Chapter 11 in US Bankruptcy Court with US$950m in DIP financing; operations continue as normal.

AVOLON

Jan 27, 2024
AVOLON predicts lessor orderbooks will be in high demand in 2024 as supply shortage of aircraft continues; aircraft values and lease rates are expected to continue to rise.

CDPQ

Jan 29, 2024
CDPQ, Canada teamed with SMBC AVIATION CAPITAL to create US$1.5b aircraft financing/leasing platform to operate under name MAPLE AIRCRAFT COMPANY to target an initial deployment of US$500m per year over next three years.

TURKISH AIRLINES

Jan 29, 2024
TURKISH AIRLINES agreed to lease 10 737-8s from DAE for delivery in 2025.

LAX

Jan 29, 2024
LAX handled 6.3m pax in December 2023, up 8.7% from 5.8m in December 2022; and 75.1m pax in 2023, down 14.8% from record 88.1m in 2019.

AMERICAN

Jan 29, 2024
AMERICAN received tentative approval from US DOT to begin daily JFK-Tokyo Haneda (startup/aircraft TBA).

INDIGO

Jan 29, 2024
INDIGO agreed to sell four LEAP-powered A320neos to investors advised JP Morgan Global Alternative’s Global Transportation Group for leaseback; aircraft, to be delivered in January/February '24, will be managed by Avionix, Dublin.

RYANAIR

Jan 29, 2024
RYANAIR had €15m net profit on €2.7b revenues for third quarter ended Dec 31 vs €211m on €2.3b a year ago; yields were softer than previously expected due to lower pricing in response to removal of flights from OTA Pirate websites.

JACKSON SQUARE AVIATION

Jan 29, 2024
JACKSON SQUARE AVIATION signed 49 lease agreements in 2023; it also acquired 32 aircraft/sold 11 and ended year with owned/managed/committed fleet of 269 aircraft (79% narrowbodies) on lease to 61 airlines in 29 countries.

MESA AIR GROUP

Jan 29, 2024
MESA AIR GROUP had $120.1m net loss on $498m revenues for year ended September 30 vs $182.7m loss on $531m a year ago; revenue decline was primarily driven by a reduction in block hours and fewer aircraft under contract.

AIRJAPAN

Jan 29, 2024
AIRJAPAN plans April 26 to begin five-times-weekly Tokyo Narita-Singapore (787-8).

LOGANAIR

Jan 29, 2024
LOGANAIR, UK retired its last Saab 340B (199). It now has 17 ATRs, three DHC-6s and 13 ERJs.

GREATER BAY AIRLINES

Jan 29, 2024
GREATER BAY AIRLINES, Hong Kong leased ex-Donghai 737-800 (61269) from AVIC Leasing.
article

EASYJET

Jan 29, 2024
EASYJET has equipped 11 A320neos with Iris system (under SES initiative by European Space Agency and Viasat) to enable aircraft to operate as efficiently as possible to achieve further fuel burn improvements and emissions reductions.
article

TORAY COMPOSITE MATERIALS AMERICA

Jan 29, 2024
TORAY COMPOSITE MATERIALS AMERICA commissioned its $15m upgraded carbon fiber production line at Decatur, AL, doubling production capacity of T1100 carbon fiber and to add critical redundancy to support its US DOD programs.
article

JETBLUE

Jan 31, 2024
JETBLUE had $104m net loss on $2.3b revenues in 4Q23 vs $24m profit on $2.4b in 4Q22; and $310m net loss on $9.6b revenues in 2023 vs $362m loss on $9.2b in 2022. It says it has deferred ~$2.5b of planned aircraft capital expenditures from 2024-2027 to 2028 and beyond, reducing deliveries to 65 A220s and 25 A321neos in 2024-2027.
article

AUSTRIAN AIRLINES

Jan 31, 2024
AUSTRIAN AIRLINES plans in July 2024 to begin six-times-weekly Vienna-Boston (767-300).
article

UPS

Jan 31, 2024
UPS recorded $91b in revenues for 2023, down 9.3% vs 2022. It plans to layoff 12,000 workers in '24 to save $1b due to dropping package volumes.
article

CALC

Jan 31, 2024
CALC launched sustainability-linked $500m unsecured revolving syndicated loan facility, with initial placement size of $350m, to partially finance PDPs for its new aircraft orders. China Construction Bank Shanghai Branch are lead arrangers.
article

AVELO

Jan 31, 2024
AVELO plans May 1 to open base at Bay Area's Sonoma County Airport with two 737NGs serving four nonstop destinations.
article

CHINA POSTAL AIRLINES

Jan 31, 2024
CHINA POSTAL AIRLINES took delivery of 737-800BCF (35053; ex-Xiamen) following conversion at STAECO.
article

ASL AIRLINES FRANCE

Jan 31, 2024
ASL AIRLINES FRANCE took delivery of 737-800BCF (28323; ex-Blue Air) following conversion at STAECO.
article

FLY JINNAH

Jan 31, 2024
FLY JINNAH, Pakistan acquired A320-200 (4539) with CFM56s from Air Arabia and now has five A320s.
article

AIR SERBIA

Jan 31, 2024
AIR SERBIA wet-leased fourth ex-Great Dane E195 (213) from Marathon Airlines, Greece; fifth (184) is due shortly.
article

IATA

Jan 31, 2024
IATA reports y-o-y global pax traffic rose 36.9% in 2023 on 31% higher capacity, reaching 94.1% of pre-pandemic levels; air cargo traffic dropped 3.6% on 2.5% higher capacity. For December, pax traffic rose 25.3% and air cargo rose 10.8%.
article

NORDIC AVIATION CAPITAL

Jan 31, 2024
NORDIC AVIATION CAPITAL sold an ATR 72-600 to a Japanese investor advised by Asahi Aviation; msn was undisclosed.
article

BBN AIRLINES

Jan 31, 2024
BBN AIRLINES, Istanbul agreed to lease ex-Turkish Airlines A321-200 (2916) with V2500s from Nexus Aviation Ventures.
article

AAPA

Jan 31, 2024
AAPA members carried 278.5m pax in 2023, or 75% of pre-pandemic levels in 2019; capacity (ASKs) was at 72%.
article

HAWAIIAN AIRLINES

Jan 31, 2024
HAWAIIAN AIRLINES had $101.2m net loss on $669m revenues in 4Q23 vs $50.2m loss on $731m in 4Q22; and $260.5m net loss on $2.7b revenues for 2023 vs $240.1m loss on $2.6b in 2022. It has $1.1b in total liquidity vs $1.6b.
article

TRUENOORD

Jan 31, 2024
TRUENOORD purchased two E175s (with leases attached to AIR CANADA) from NAC (SPNWS; January 20, 2023).
article

AKASA AIR

Jan 31, 2024
AKASA AIR, India sold new 737-8 (61289) to Aircastle and leased it back.
article

JET2

Feb 02, 2024
JET2 is leasing three 737-800s from Avolon (37752; ex-Sunwing)/ACG (29647; ex-Sunwing)/BOC (41768; ex-Pegasus).
article

AIRBALTIC

Feb 02, 2024
AIRBALTIC expects to post €668m in revenues for 2023, up 34% vs 2022; enplanements rose 36%/flights rose 18%.
article

LATAM AIRLINES

Feb 02, 2024
LATAM AIRLINES is reportedly looking to acquire 20-25 737NGs that are currently on lease GOL, which filed bankruptcy.
article

ALL NIPPON AIRWAYS

Feb 02, 2024
ALL NIPPON AIRWAYS earned ¥203.6b on ¥1,408b revenues in April-December vs ¥99.1b on ¥1,134b a year ago.
article

CAM

Feb 02, 2024
CAM acquired two ex-China Airlines A330-300s (1272/1278) from Deucalion for conversion to freighters.
article

SUN COUNTRY AIRLINES

Feb 02, 2024
SUN COUNTRY AIRLINES had $5.6m net income on $245.5m revenues in 4Q23 vs $7.3m on $227.2m in 4Q22; and $72.2m net income on $1b revenues for 2023 vs $17.7m on $894m in 2022. It ended year with $205.2m in total liquidity.
article

FRONTIER AIRLINES

Feb 02, 2024
FRONTIER AIRLINES agreed to acquire two 737-800s from flydubai, which will lease back aircraft until at least late 2024.
article

AZORRA

Feb 02, 2024
AZORRA has purchased Egyptair's fleet of 12 A220-300s (55058-55063/55068/55074/55077/55081/55087/55091).
article

JETSTAR

Feb 02, 2024
JETSTAR ASIA leased ex-Scoot A320-200 (4931) with V2500s from Itochu AirLease.
article

WEST AIR

Feb 02, 2024
WEST AIR, China leased ex-Qingdao A321neo (10410) with GTFs from Avolon.
article

AIR EUROPA

Feb 02, 2024
AIR EUROPA took delivery of new 787-9 (66163) with Trent 1000s on lease from AerCap.
article

AERLINK

Feb 02, 2024
AERLINK, Australia leased ex-Solenta Aviation Gabon ATR 72-200F (467) from ACIA Aero Leasing.
article

AMERICAN AIRLINES

Feb 02, 2024
AMERICAN AIRLINES plans October 27 to begin daily seasonal DFW-Brisbane, Australia/-Rio de Janeiro, Brazil (787).
article

AIR INDIA

Feb 02, 2024
AIR INDIA agreed to lease six new A320neos with LEAP-1As from SMBC Aviation Capital; first (11927) was delivered.

Business Aviation

FLYEXCLUSIVE

Jan 27, 2024
FLYEXCLUSIVE secured 2-year, $25.8m revolving credit facility with ETG FE (EnTrust Global) to support growth.

BOMBARDIER

Jan 29, 2024
BOMBARDIER revealed the University of Victoria Centre for Aerospace Research (CfAR) and British Columbia’s Quaternion Aerospace as initial academic partners in its EcoJet blended wing body (BWB) business jet study project.
article

TRIMEC AVIATION

Jan 31, 2024
TRIMEC AVIATION, Fort Worth, TX has FAA STC to install UNIVERSAL InSight flight display system on Falcon 2000/EX.
article

EMBRAER

Jan 31, 2024
EMBRAER delivered 30 Phenoms/19 Praetors in 4Q23 vs 33/17 in 4Q22 and 74/41 in 2022 vs 66/36 in 2022.
article

HONDA

Jan 31, 2024
HONDA delivered its 250th HondaJet since 2015; fleet surpassed 210,000 flight hours with 99.7% dispatch reliability.
article

MID-CONTINENT INSTRUMENTS AND AVIONICS

Feb 02, 2024
MID-CONTINENT INSTRUMENTS AND AVIONICS, Wichita was selected to supply its SAM (Standby Attitude Module) and True Blue Power USB chargers as standard equipment on the new Cirrus SR Series G7 aircraft.
article

SKYSERVICE

Feb 02, 2024
SKYSERVICE, Canada reorganized into three business lines: Business Aviation, FBOs, and Aircraft Maintenance.

Defense

KEEL HOLDINGS

Jan 27, 2024
KEEL HOLDINGS was formed by Arlington Capital Partners by merging Pegasus Steel, Metal Trades and Merrill Technologies Group to manufacture complex structures across nine facilities in Michigan/South Carolina for US DOD.
article

KF AEROSPACE

Jan 31, 2024
KF AEROSPACE, Canada was named by Germany's Grob as its exclusive dealer for products/training in North America.

MRO

NIAR WERX

Jan 27, 2024
NIAR WERX completed its first A321PCF (1953; ex-AtlasGlobal) for Greenwich Highland Aviation for lease to GLOBALX.

AVAIR

Jan 27, 2024
AVAIR, AZ acquired complete inventory of airframe and engine parts (100k p/n) from now defunct TAP M&E Brazil.

ACUMEN AVIATION

Jan 29, 2024
ACUMEN AVIATION was selected by Miami-based Aerolease Aviation to provide Trent 700 management services.

AJW GROUP

Jan 29, 2024
AJW GROUP was selected to develop material services/distribution program and aftermarket business for Lilium Jet.

THALES

Jan 29, 2024
THALES plans to establish an avionics MRO facility in India's NCR region
article

STANDARDAERO

Jan 29, 2024
STANDARDAERO redelivered its 200th RB211-535 out of San Antonio.
article

AMETEK MRO AEM

Jan 29, 2024
AMETEK MRO AEM has 3-year easyJet contract to refurbish first aid kits and supplementary medical kits (1,100 FAKs/2,000 SMKs per year) for A320s.
article

AERO NORWAY

Jan 31, 2024
AERO NORWAY is planning to add LEAP maintenance capabilities as A320neo and MAX family continues to grow.
article

BOEING GLOBAL SERVICES

Jan 31, 2024
BOEING GLOBAL SERVICES earned $3.3b on $19.1b revenues in 2023 vs $2.7b on $17.6b in 2022. It has $19.8b backlog.
article

TURKISH TECHNIC

Feb 02, 2024
TURKISH TECHNIC began its first A330 freighter conversion for EFW for completion in mid-2024; aircraft (349; ex-San Marino Executive Aviation/Garuda) is owned by CAM and expected to be leased to ULS AIRLINES CARGO, Türkiye.

Who'sNews

WHO'SNEWS: AIR TRANSPORT INTERNATIONAL

Jan 27, 2024
Mike Betson to President of Air Transport International (ATSG), OH; James O'Grady retired.

WHO'SNEWS: ATLAS AIR WORLDWIDE HOLDINGS

Jan 27, 2024
Joel Goldberg to Senior Vice President and Chief Information Officer of Atlas Air Worldwide Holdings (effective February 26).

WHO'SNEWS: EIRTECH AVIATIN SERVICES

Jan 27, 2024
Ventura Quirino to Senior Vice President of Engineering-US Operations of Eirtech Aviation Services, Ireland.

WHO'SNEWS: NOVUS AVIATION CAPITAL

Jan 29, 2024
Cyrille Picard to Senior Vice President of Novus Aviation Capital, Dubai.

WHO'SNEWS: SEABURY AIRCRAFT CAPITAL

Jan 29, 2024
Richard Spaulding to Vice President of Seabury Aircraft Capital.

WHO'SNEWS: AQUILA AIR CAPITAL

Jan 29, 2024
Eoin Connaughton as AVP-Commercial Analysis and Pricing of Aquila Air Capital, Ireland.

WHO'SNEWS: JETLOAN CAPITAL

Jan 29, 2024
Michael Thompson and Jennifer Dwyer were named equity partners in JetLoan Capital, FL.

WHO'SNEWS: EIRTRADE AVIATION

Jan 29, 2024
Paul Gleeson to Chief Commercial Officer of Eirtrade Aviation, Ireland.

WHO'SNEWS: AERO NORWAY

Jan 29, 2024
Dag Johnsen to Chief Operating Officer of Aero Norway, Stavanger.
article

WHO'SNEWS: JETBLUE AIRWAYS

Jan 31, 2024
Warren Christie to next Chief Operating Officer of JetBlue Airways (effective February 12).
article

WHO'SNEWS: TECHNICAL OF ALTAVAIR

Jan 31, 2024
Stephen Coyle to Head of Technical of Altavair, Dublin; Joe Gleeson will remain as Senior Technical Director.
article

WHO'SNEWS: LIBERTY HALL CAPITAL PARTNERS

Jan 31, 2024
James C. Black to Partner of Liberty Hall Capital Partners; Matt G. Seely was promoted to Vice President.
article

WHO'SNEWS: JETTAINER

Jan 31, 2024
Elfi Chik to General Manager Sales in North Asia, based in Hong Kong, of Jettainer.
article

WHO'SNEWS: QATAR AIRWAYS

Jan 31, 2024
Mark Drusch to Chief Officer-Cargo of Qatar Airways.
article

WHO'SNEWS: SKYSERVICE

Feb 02, 2024
Ronald Silverman to President-Business Aviation of Skyservice, Toronto; Ty Dubay to President-FBOs and Paul Weeks to President-Aircraft Maintenance.
article

WHO'SNEWS: AZORRA

Feb 02, 2024
Rachael Miller to Senior Vice President-Marketing of Azorra, FL; Nancy Wang was named Vice President-Marketing.
article

WHO'SNEWS: AZORRA

Feb 02, 2024
Sean Ewing to Senior Vice President-Finance of Azorra, FL; Christian Ginez was named Vice President-Financial Planning & Analysis.
article

WHO'SNEWS: SERVOTRONICS

Feb 02, 2024
Harrison W. Kelly III to Chief Operating Officer of Servotronics, NY.