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Aerospace

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DE HAVILLAND CANADA

Feb 10, 2024
DE HAVILLAND CANADA acquired Calgary-based parts manufacturing operations of FIELD AVIATION.
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JOBY AVIATION

Feb 13, 2024
JOBY AVIATION has FAA approval for its eVTOL propulsion certification plan and says all structural, mechanical, and electrical system cert plans are now approved. It separately signed agreement to launch air taxi services in Dubai by '26.
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XTI AIRCRAFT

Feb 13, 2024
XTI AIRCRAFT, Denver received new utility patent in China for its TriFan 600 VTOL aircraft. It is continuing to advance planned merger with INPIXON for 1Q24.
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SCHROTH SAFETY PRODUCTS

Feb 13, 2024
SCHROTH SAFETY PRODUCTS (Loar Group) was selected by Airbus to supply IPSB modules for aircraft operated in US; unit is designed to protect flight deck from intrusion while cockpit door is open and will become mandatory from mid-2025.
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MINAR GROUP

Feb 13, 2024
MINAR GROUP was named by CPat Global as its exclusive rep in India.
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ACUMEN AVIATION

Feb 13, 2024
ACUMEN AVIATION appraised >1,484 assets and inspected 230 aircraft in 2023; it completed 10 returns/transitions. It ended year with >24 assets under lease management/1,298 under data management, and valued 62 assets for ABS.
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STATASYS

Feb 13, 2024
STATASYS acquired SIAEC's 60% stake in ADDITIVE FLIGHT SOLUTIONS in deal valued at US$90k and now owns 100%. AFS manufactures cabin interior parts/toolings for MRO sector using additive manufacturing (3D printing) technology.
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ADC AEROSPACE

Feb 13, 2024
ADC AEROSPACE acquired CAST-RITE (die casting/fabrication solutions).
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PRATT & WHITNEY

Feb 13, 2024
PRATT & WHITNEY is establishing new India Digital Capability Center (IDCC) in Bengaluru to drive its digital and business transformation and accelerate innovation; facility will be co-located with its engineering and supply chain centers.
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HOWMET AEROSPACE

Feb 13, 2024
HOWMET AEROSPACE had $765m net income on 6.6b sales in 2023 vs $469m on $5.7b in 2022; commercial aerospace sales rose 24%. It expects $7.1b sales in 2024 based on production of 34 737 MAXs and 56 A320 Family per month.
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BOEING

Feb 14, 2024
BOEING delivered 27 aircraft (25 737 MAXs; 767-2C; 787) in January vs 38 (35 737 MAXs; three 787s) in Jan 2023.It also announced order from an unidentified customer for three 737 MAXs and ended month with 6,189 MAXs on backlog.
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ATR

Feb 14, 2024
ATR delivered 36 aircraft in 2023 (vs 25 in 2022) and sold 40; 160 new routes were opened by ATR aircraft vs 150 in '22.
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PPG

Feb 14, 2024
PPG added two new aerospace adhesives: PR-2940 epoxy syntactic paste adhesive for bonding internal structures; and PR-2936 that uses properties of a shim and sealant for attaching outer skins to internal structures.
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IFPL GROUP

Feb 14, 2024
IFPL GROUP was selected by Bulgaria's Electra Airways to supply Cobalt Spectrum LED drop-in mood lighting for A321s.
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AAR

Feb 14, 2024
AAR announced proposed offering of $500m in senior notes due 2029 to partially fund its pending $725m acquisition of Triumph Group's Product Support business. It is also increasing its existing revolving credit facility from $620m to $795m.
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CAE

Feb 14, 2024
CAE had C$56.5m net income on C$1.1b revenues for third quarter ended Dec 31 vs C$78.1m on C$1b a year ago. Civil Aviation earned C$101m vs C$117.2m on 20% higher sales (it delivered 13 FFSs vs nine); it has C$6.1b backlog.
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SIRIUS AVIATION

Feb 14, 2024
SIRIUS AVIATION, Switzerland secured order commitment from India's MEHAIR for 50 Sirius Jet hydrogen-powered VTOLs, and 50 options, in deal valued at $400m. As part of deal, MEHAIR will oversee final assembly of aircraft in India.
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AIRBUS

Feb 15, 2024
AIRBUS posted €1.5b net income on €22.9b revenues in 4Q23 vs €1.7b on €20.6b in 4Q22; and €3.8b net income on €65.4b in 2023 vs €4.2b on €58.8b in 2022. Its y-o-y backlog rose 23% to €554b. Its Commercial Aircraft activities earned €3.6b on €47.8b in 2023 vs €4.8b on €41.4b in 2022 and plans to deliver ~800 aircraft in 2024 vs 735 in 2023.
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AIRBUS

Feb 15, 2024
AIRBUS says production ramp-up continues towards rate of 14 A220s per month in 2026, 75 A320 Family aircraft per month in 2026, four A330s per month in 2024 and 10 A350s per month in 2026. It plans to deliver ~800 aircraft in '24.
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SURF AIR

Feb 15, 2024
SURF AIR, CA secured preferred delivery positions from Electra.aero for up to 90 9-pax eSTOL jets for integration into its national flight network, including SOUTHERN AIRWAYS EXPRESS and MOKULELE; deal includes leasing partnership.
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BOEING

Feb 15, 2024
BOEING is expected to get back to producing 38 737 MAXs per month in 2H24 (max rate as currently mandated by FAA); rate has decreased to below 38 due to production pauses and rework issues following -9 door plug incident.
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BOEING SAUDI ARABIA and BAHRI LOGISTICS

Feb 15, 2024
BOEING SAUDI ARABIA and BAHRI LOGISTICS signed MOU to collaborate in supply chain/distribution activities in the Kingdom, exploring opportunities for freight forwarding, warehousing, inventory management and PBL consulting.
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LANTAL TEXTILES

Feb 15, 2024
LANTAL TEXTILES was selected by Electra Airways to provide carpeting for its A320 cabin refurbishment program.
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IBASE-T

Feb 15, 2024
IBASE-T, CA released enhancement to its Solumina iSeries manufacturing operations platform to improve supplier quality assurance using AI.
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AIRBUS

Feb 15, 2024
AIRBUS is now anticipating the first A321XLR will enter service in 3Q24; aircraft entered final assembly in December.

Air Transport

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MNG AIRLINES

Feb 10, 2024
MNG AIRLINES purchased ex-Air Belgium A330-200F (1594) with Trent 700s from CMA CGM Air Cargo.
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CHALLENGE GROUP

Feb 10, 2024
CHALLENGE GROUP leased 767-300BDSF (28207; ex-Ikar) from AerCap.
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DANA

Feb 10, 2024
DANA, Nigeria leased ex-Flybe Dash 8-400 (4333) from Aergo Capital.
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SILVER AIRWAYS

Feb 10, 2024
SILVER AIRWAYS plans April 18 to begin four-times-weekly Fort Myers, FL-Key West, FL (ATR 42-600).
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NORSE ATLANTIC

Feb 13, 2024
NORSE ATLANTIC extended subleases to third parties of four 787s; three 787-8s through end of March and end of May 2025 and one 787-9 through May 2024. It has 15 787s and intends to operate 12 during summer 2024 and 15 in 2025.
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GLOBAL AVIATION

Feb 13, 2024
GLOBAL AVIATION, Iraq leased two A321-200s (3458; ex-Nordwind/6399; ex-Avianca) with V2500s from AFG for startup.
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AIRCASTLE

Feb 13, 2024
AIRCASTLE increased two revolving credit facilities to total $2.1b and extended maturity dates to 2027 and 2028.
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PSA AIRLINES

Feb 13, 2024
PSA AIRLINES (American Eagle) plans August 10 to begin daily Charlotte-Quebec City (CRJ900).
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HK EXPRESS

Feb 13, 2024
HK EXPRESS plans April 25 to begin Hong Kong-Bangkok (A320).
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US DOT

Feb 13, 2024
US DOT says US scheduled pax airlines employed 812,698 workers in December vs 749,490 in (pre-pandemic) Dec 2019.
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AIRBALTIC

Feb 13, 2024
AIRBALTIC began building 6,895 sq meter cargo handling facility at Riga.
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ECS GROUP

Feb 13, 2024
ECS GROUP was selected by Thai VietJet to handle its cargo operations.
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AIR NORTH

Feb 13, 2024
AIR NORTH, Canada leased ex-Fly Gangwon 737-800 (39055) from Aviation Capital Group.
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SPIRIT AIRLINES

Feb 13, 2024
SPIRIT AIRLINES says it had 12 GTF-powered A320neo Fam aircraft grounded as of December 31 and an average of 13 in January 2024, which is expected to increase to 40 in December 2024, averaging approximately 25 for the full year '24.
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KOREAN AIR

Feb 13, 2024
KOREAN AIR received approval from European Commission for its proposed acquisition of ASIANA AIRLINES.
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NOLINOR AVIATION

Feb 13, 2024
NOLINOR AVIATION, Canada is reintroducing a 737-200 into its northern division fleet in response to the increasing demand for aircraft capable of operating on gravel runways, especially amid recent surge in mining activities in Nunavut.
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US-BANGLA

Feb 13, 2024
US-BANGLA wet-leased (ACMI) a 737-800 from KlasKet (Avia Solutions Group) for service out of Dhaka for three months.
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AIRBALTIC

Feb 13, 2024
AIRBALTIC agreed to sell six A220-300s to Reverence Capital Partners and GOAL for leaseback; initial three (55247/55255/55264) have been delivered with remaining three due in 2H24 (GOAL will manage aircraft).
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TITAN AIRWAYS

Feb 13, 2024
TITAN AIRWAYS, UK ordered two Cessna SkyCouriers in QC configuration for delivery in 2024.
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AIR GHANA

Feb 13, 2024
AIR GHANA leased 737-400SF (26298) from SwiftAir for operation on behalf of DHL AVIATION.
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AVA AIRLINES

Feb 13, 2024
AVA AIRLINES, Iran took delivery of its first 737-500 (25185; ex-Smartavia) on an operating lease.
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21AIR

Feb 13, 2024
21AIR, NC leased 767-300BDSF (40566; ex-All Nippon Airways) from Cargo Aircraft Management.
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GREATER BAY AIRLINES

Feb 13, 2024
GREATER BAY AIRLINES, Hong Kong leased ex-Donghai 737-800 (61270) from CIB Leasing.
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LONDON HEATHROW

Feb 13, 2024
LONDON HEATHROW handled 6m pax in January, up 9.4% vs Jan 2023.
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FRANKFURT AIRPORT

Feb 13, 2024
FRANKFURT AIRPORT handled 4.1m pax in January, up 11% vs Jan 2023.
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AIR INDIA

Feb 13, 2024
AIR INDIA took delivery of third A320neo (11940) with LEAPs from SMBC Aviation Capital under deal for six.
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EBRD

Feb 14, 2024
EBRD (European Bank for Reconstruction and Development) acquired 5% of AIR ASTANA, Kazakhstan for $42m via IPO.
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BRITISH AIRWAYS

Feb 14, 2024
BRITISH AIRWAYS has begun using new E-Logs platform to provide live performance information for its entire fleet to immediately spot/fix potential problems.
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ETIHAD AIRWAYS

Feb 14, 2024
ETIHAD AIRWAYS received regulatory approval to qualify its pilots for both the A350 and A380 to enhance its flexibility.
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INDIGO

Feb 14, 2024
INDIGO closed finance lease transaction with BOC Aviation for four LEAP-powered A320neos to be delivered in 2024.
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FLYONE

Feb 14, 2024
FLYONE, Romania leased ex-Avianca A321-200 (6190) with V2500s from ICBC Leasing.
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GETJET AIRLINES

Feb 14, 2024
GETJET AIRLINES, Lithuania leased ex-TUIfly 737-800 (33974) from World Star Aviation.
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AFRAA

Feb 14, 2024
AFRAA is estimating African airlines will carry 98m pax in 2024; traffic has exceeded pre-pandemic levels since Nov '23.
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UNITED

Feb 14, 2024
UNITED added Aircastle, Air New Zealand, Embraer, Google, HIS, Natixis Corporate & Investment Banking, Safran Corporate Ventures, and Technip Energies to its Sustainable Flight Fund, which now exceeds $200m from 22 partners.
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FRONTIER AIRLINES

Feb 15, 2024
FRONTIER AIRLINES plans May 21 to begin three-times-weekly Cleveland-Myrtle Beach, SC (A320).
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MEMENTO GROUP

Feb 15, 2024
MEMENTO GROUP assumed AEGEAN's share in ANIMAWINGS, Romania, and now owns 100%; one of the two A320 aircraft leased to Animawings has already been redelivered to AEGEAN, with second due in the next few months.
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ALTA

Feb 15, 2024
ALTA members flew record 451.6m pax in 2023, up 5.4% vs 13.3% vs 2022 and up 3.9% vs pre-pandemic 2019.
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7AIR CARGO

Feb 15, 2024
7AIR CARGO, FL agreed to lease two 737-800SFs (34799/TBA; ex-SpiceJet) from Aircastle for startup (SPNWS; Feb 9).
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THAI AIRWAYS

Feb 15, 2024
THAI AIRWAYS confirmed previous undisclosed order for 45 787-9s, plus 35 options; order was placed in Dec 2023.
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ASIAN EXPRESS AIRLINE

Feb 15, 2024
ASIAN EXPRESS AIRLINE, Tajikistan leased ex-Electra A320-200 (424) with V2500s from Sky One FZE.
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AVIATION CAPITAL GROUP

Feb 15, 2024
AVIATION CAPITAL GROUP had $152.8m net profit on $1.2b revenues in 2023 vs $588.6m loss on $1b in 2022. It has owned/managed/committed fleet of 488 aircraft (97% narrowbody) vs 470 a year ago (18 aircraft to be delivered in 2024).
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FLYDUBAI

Feb 15, 2024
FLYDUBAI plans to begin Dubai-Basel on August 2 and Dubai-Riga/-Tallinn/-Vilnius in mid-October (737).
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LUFTHANSA SYSTEMS

Feb 15, 2024
LUFTHANSA SYSTEMS introduced new AI-powered NetLine/Ops ++ aiOCC operations control assistant, based on Reinforcement Learning, for airline industry.
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WESTJET GROUP

Feb 15, 2024
WESTJET GROUP is refinancing majority of existing term loan facility secured by WestJet Rewards loyalty program and WestJet's brand, capitalizing on ratings upgrade and strong financial performance, now exceeding pre-COVID earnings.
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WIZZ AIR

Feb 15, 2024
WIZZ AIR plans to invest 38m to open 2,500 sq meter pilot training facility in Rome in 2024 to accommodate >4,800 pilot annually; facility will initially house three A320 Family full-flight simulators. It also operates training center in Budapest.
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A4A

Feb 15, 2024
A4A reports that in 2023 US airlines averaged 2.6m pax per day to/from ~80 countries, >26,000 flights per day across the globe, and ~62,000 tons of cargo per day to/rom >220 countries. They ended year with >810,000 employees globally.
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ACI WORLD

Feb 15, 2024
ACI WORLD forecasts global pax traffic will grow 4.3% per year in 2023-2042, from projected 9.7b pax (4b international; 5.7b domestic) in 2024 to 19.3b pax (8.7b international; 10.6b domestic) in 2042, then at 3.6% per year in 2042-2052.
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VUELING

Feb 15, 2024
VUELING plans April 7 to restart London Heathrow-Barcelona/-Paris CDG (A320).
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AERO-K

Feb 15, 2024
AERO-K, South Korea leased ex-Vueling A320-200 (2407) with CFM56s from FTAI Aviation.
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GLOBALX

Feb 15, 2024
GLOBALX, FL leased ex-Alaska A320-200 (3016) with CFM56s from SMBC Aviation Capital.
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TUI GROUP

Feb 15, 2024
TUI GROUP plans by June 2024 to delist from the London Stock Exchange to focus on the Frankfurt bourse.

Defense

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EMBRAER

Feb 10, 2024
EMBRAER made first flight of first C-390 for HUNGARIAN AIR FORCE, which has ordered two; aircraft will be the first in world to have an Intensive Care Unit in its configuration, an essential resource for carrying out humanitarian missions.
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EMBRAER AND MAHINDRA

Feb 10, 2024
EMBRAER and MAHINDRA signed MOU to collaborate on procurement process for the C-390 for INDIA,
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BAE SYSTEMS

Feb 14, 2024
BAE SYSTEMS was cleared by US DOJ to acquire BALL AEROSPACE for $5.6b (SPNWS; August 18); Ball Aerospace will operate under BAE Systems' US business as new sector -- Space & Mission Systems -- to accelerate its space strategy.
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AIRBUS

Feb 15, 2024
AIRBUS received approval from India's DGAQA to produce C295 detailed parts and subassemblies in India; all detailed parts will be manufactured under exacting Airbus quality standards in partnership with TATA ADVANCED SYSTEMS.
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PRATT & WHITNEY

Feb 15, 2024
PRATT & WHITNEY secured $355m contract to provide F100 engine PBL sustainment for South Korea's F-15s/F-16s.

Business Aviation

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BOMBARDIER

Feb 13, 2024
BOMBARDIER had $445m net income on $8b revenues in 2023 vs $148m loss on $6.9b in 2022; backlog fell 4%. It delivered 138 aircraft (75 large/63 medium) vs 123 (70 large/50 medium/three light) and is projecting 150-155 in 2024.
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DAVINCI JETS

Feb 13, 2024
DAVINCI JETS completed installation of SMARTSKY NETWORKS inflight connectivity solution on a Citation Latitude.
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JSSI

Feb 15, 2024
JSSI rebranded into five divisions: Maintenance Programs, Parts & Leasing, Software, Advisory Services, and Aviation Capital. It renamed its maintenance tracking software business as TRAXXALL, including renaming SierraTrax as Traxxall Aviator.

MRO

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JORAMCO

Feb 13, 2024
JORAMCO extended agreememt with Ryanair to operate 10 737 heavy maintenance lines at Amman for 10 years.
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SWISS-AS

Feb 13, 2024
SWISS-AS reports Avianca has migrated to its AMOScloud solution.
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AJW GROUP

Feb 14, 2024
AJW GROUP established regional support hub and office in Mexico City.
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NEXT LEVEL AVIATION

Feb 14, 2024
NEXT LEVEL AVIATION moved to larger 16,000 sq ft warehouse facility at Dania Beach, FL to support growth as USM distributor over next 3-5 years.
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AJW GROUP

Feb 14, 2024
AJW GROUP entered the A350 support market with acquisition of significant spare parts package of >2,500 components.
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JETS MRO

Feb 14, 2024
JETS MRO, Dallas has acquired Miami-based BRITT METAL PROCESSING (BMP) for APU component repair.
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LUFTHANSA TECHNIK

Feb 15, 2024
LUFTHANSA TECHNIK was selected by Condor to provide A32Xneo component support in addition to A32Xceo TCS. It will also assist Condor with its Aircraft Production Inspection Program (APIP) at Airbus production site for >40 aircraft.
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ENGINESTANDS24

Feb 15, 2024
ENGINESTANDS24, Singapore introduced PW1100 engine stand product line to support inspection programs for A320neo Family aircraft in Asia Pacific.
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SIA ENGINEERING

Feb 15, 2024
SIA ENGINEERING had S$26.9m net income on S$291.7m revenues for third quarter ended December 31 vs S$12.8m on S$208.1m a year ago; it performed 24 heavy checks/199 light checks at Singapore Changi vs 28/151 a year ago.

WHO'SNEWS

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WHO'SNEWS: REGIONAL ONE

Feb 13, 2024
George Mamangakis to Chief Investment Officer of Regional One, FL.
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WHO'SNEWS: BATIK AIR

Feb 13, 2024
Datuk Chandran Rama Muthy to Chief Executive Officer of Batik Air, Indonesia (effective February 1).
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WHO'SNEWS: AJW GROUP

Feb 14, 2024
Wilmer Lopez to Regional Sales Director-Latin America, based in Mexico City, of AJW Group.