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Aerospace

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C&L AEROSPACE

Feb 23, 2024
C&L AEROSPACE opened 8,500 sq ft warehouse in Wichita to store avionics and parts inventories for Citations, BeechJets, Hawkers, Challengers, ERJs, and E170/190s. It plans to open two more warehouses in 1H24 (sites TBA).
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AVIATION SUPPLY CHAIN INTEGRITY COALITION

Feb 27, 2024
AVIATION SUPPLY CHAIN INTEGRITY COALITION was formed by Airbus, American Airlines, Boeing, Delta Air Lines, GE Aerospace, Safran, StandardAero and United Airlines to prevent introduction of unapproved parts into the supply chain.
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SAFRAN ELECTRICAL & POWER

Feb 27, 2024
SAFRAN ELECTRICAL & POWER is opening new 2,800 sq meter manufacturing/MRO facility in Singapore following buyout of Thales' aeronautical electrical systems business, which included facilities in France, Singapore and US.
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SAFRAN AEROSYSTEMS

Feb 27, 2024
SAFRAN AEROSYSTEMS was selected by Vietjet to supply life rafts, protective breathing equipment, crew masks, and life vests for its 737 MAXs.
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LILIUM

Feb 27, 2024
LILIUM began installing assembly equipment for serial production of the Lilium Jet’s propulsion units in partnership with SCHNAITHMANN MASCHINENBAU; prototype units are scheduled to be completed in 2Q24 for ground/flight testing.
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MASTERCAM

Feb 27, 2024
MASTERCAM agreed to acquire CIMQUEST, NJ, its CAM software dealer.
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BOEING

Feb 28, 2024
BOEING was found by a panel of safety experts in congressionally mandated report that its safety management problems stem from disconnect by senior management, inadequate and confusing implementation of culture, lack of employee and ODA leadership participation in SMS, and inadequate human factors, which have eroded due to a series of administrative decisions, including reorganization, decentralization, downsizing, and relocating headquarters out of the Seattle area.
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ARCHER AVIATION

Feb 28, 2024
ARCHER AVIATION announced its Midnight eVTOL is now in final phase of its certification program with about 80% of subsystems and components having been sourced, significantly de-risking its path to certification. It has $625m liquidity.
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HEICO FLIGHT SUPPORT

Feb 28, 2024
HEICO FLIGHT SUPPORT earned $136.1m on $619m sales in first quarter ended Jan 31 vs $83.6m on $371m a year ago; results reflect growth in commercial aerospace parts/services business and contribution from acquisition of WENCOR.
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SMBC AERO ENGINE LEASE

Feb 28, 2024
SMBC AERO ENGINE LEASE purchased 19 engines in 2023 and sold 10, ending year with owned/managed fleet of 90.
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PWC

Feb 28, 2024
PWC says there were 303 A&D M&A deals worth $42b in 2023 vs 411 worth $40b in '22; mid-size transactions will likely continue to drive M&A in 2024.
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HELICOPTER ASSOCIATION INTERNATIONAL

Feb 28, 2024
HELICOPTER ASSOCIATION INTERNATIONAL was renamed VERTICAL AVIATION INTERNATIONAL (VAI) to include eVTOL and UAV platforms.
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AUTOFLIGHT

Feb 28, 2024
AUTOFLIGHT completed demo flight on Shenzhen-Zhuhai (31 miles) with its 5-seat Prosperity eVTOL; flight took 20 minutes vs three hours by car.
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KOREA AEROSPACE INDUSTRIES

Feb 28, 2024
KOREA AEROSPACE INDUSTRIES (KAI) subscribed to the Nadcap accreditation program for supplier quality throughout its organization.
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JAMCO AMERICA

Feb 28, 2024
JAMCO AMERICA, WA received FAA approval for its dynamic test facility.
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UNIVERSAL HYDROGEN

Feb 28, 2024
UNIVERSAL HYDROGEN successfully ran megawatt-class fuel cell powertrain using its liquid hydrogen module.
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SOUTHWEST AIRLINES

Feb 28, 2024
SOUTHWEST AIRLINES established Southwest Airlines Renewable Ventures (SARV) to create more opportunities for obtaining scalable sustainable aviation fuel (SAF). It also announced a $30m investment in LANZAJET (SAF producer).
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FAA

Feb 28, 2024
FAA told Boeing that it must develop a comprehensive action plan (due within 90 days) to address its systemic quality-control issues to meet non-negotiable safety standards; making a foundational change will require sustained effort from leadership, which will be held accountable every step of the way, with mutually understood milestones and expectations.
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TRU SIMULATION + TRAINING

Feb 28, 2024
TRU SIMULATION + TRAINING unveiled Veris VR flight simulator for helicopter and fixed-wing aircraft that combines FFS features with virtual reality technology; it secured Bell Training Academy as launch customer for Bell 505.
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TRIMAS AEROSPACE

Feb 29, 2024
TRIMAS AEROSPACE earned $15.5m on $241.4m sales in 2023 vs $8.1m on $188.1m in 2022; 4Q23 sales rose 26%.
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MTU AERO ENGINES

Feb 29, 2024
MTU AERO ENGINES had €97m net loss (GTF fleet management plan had €1b impact) on €5.4b revenues in 2023 vs €333m profit on €5.3b in 2022; commercial maintenance revenues rose 17%. It has €24.4b backlog vs €22.3b a year ago.
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ST ENGINEERING

Feb 29, 2024
ST ENGINEERING had S$586.5m net profit on S$10.1b revenues in 2023 vs S$535m on S$9b in 2022, and ended year with record backlog of S$27.4b (S$7.9b to be delivered in 2024); y-o-y Commercial Aerospace revenues increased 31%.

Air Transport

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AIR TAHITI

Feb 23, 2024
AIR TAHITI ordered another ATR 72-600 for delivery in 2024; it currently operates nine, plus two ATR 42-600s.
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MODERN LOGISTICS

Feb 23, 2024
MODERN LOGISTICS, Brazil took delivery of second 737-800 (33550; ex-Ryanair) on lease from BBAM (SPNWS; Jan 19).
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AERCAP

Feb 23, 2024
AERCAP had $3.1b net income on 7.7b revenues in 2023 vs $721m net loss on $7b in 2022 and says it has recovered $1.3b in cash insurance settlement proceeds from Ukraine conflict to date. It has 3,452 aircraft, engines and helicopters.
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CHORUS AVIATION

Feb 23, 2024
CHORUS AVIATION had C$106.1m net income on C$1.7b revenues in 2023 vs $51.9m on C$1.6b in '22. FALKO REGIONAL AIRCRAFT concluded 57 aircraft transactions, including new leases, lease extensions, SLBs and aircraft purchases.
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LYNX AIR

Feb 23, 2024
LYNX AIR, Canada suspended operations on Feb 26 due to compounding financial pressures associated with inflation, fuel costs, exchange rates, cost of capital, regulatory costs and competitive tensions. It was operating nine 737 MAXs.
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UNITED AIRLINES

Feb 23, 2024
UNITED AIRLINES plans May 1 to begin daily Guam-Tokyo Haneda (737-800).
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PORTER AIRLINES

Feb 23, 2024
PORTER AIRLINES plans May 17 to begin daily Toronto Pearson-Québec City (E195-E2).
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ALASKA AIRLINES

Feb 23, 2024
ALASKA AIRLINES plans October 1 to begin daily Portland, OR-Atlanta (737).
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CARGOJET

Feb 27, 2024
CARGOJET had C$37.3m net income on C$920m revenues in 2023 vs C$190.6m on C$991m in 2022; it has 41 aircraft.
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LUFTHANSA

Feb 27, 2024
LUFTHANSA agreed to wet-lease five CRJ1000s from CityJet of operation out of Frankfurt during summer 2024 season.
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AIR PEACE

Feb 27, 2024
AIR PEACE agreed to wet-lease (ACMI) a 787-8 from Norse Atlantic for four-times-weekly London Gatwick-Lagos.
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DELTA AIR LINES

Feb 27, 2024
DELTA AIR LINES plans December 4 to begin thrice-weekly Los Angeles-Brisbane, Australia (A350-900).
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ETHIOPIAN AIRLINES

Feb 27, 2024
ETHIOPIAN AIRLINES plans May 31 to begin Addis Ababa-Ouagadougou, Burkina Faso-Freetown, Sierra Leone (737).
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AIR INDIA

Feb 27, 2024
AIR INDIA took delivery of ex-Etihad 777-300ER (39688) on lease from Altavair (SPNWS; March 31).
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ITA AIRWAYS

Feb 27, 2024
ITA AIRWAYS, Italy leased new GTF-powered A321neo (11781) from Air Lease Corporation.
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PRAGUE CITY AIR

Feb 27, 2024
PRAGUE CITY AIR, Czech Republic purchased 49.9% stake in SMARTWINGS from Rainbow Wisdom Investment.
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EASTERN AIRLINES

Feb 27, 2024
EASTERN AIRLINES agreed to acquire ex-VIM 777-200ER (28532) with Trent 800s for Preighter operations; it currently has 11 767s and nine 777s. It also announced it is moving headquarters from Miami to Kansas City.
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ATSG

Feb 28, 2024
ATSG had $60.3m net income in 2023 (vs $198.6m in 2022) on 1.2% higher revenues as it saw lower demand in its leasing segment and reduced airline demand in 4Q23. CARGO AIRCRAFT MANAGEMENT ended year with 90 freighters out on lease (vs 91 a year ago) with another 14 767s, six A321s and three A330s in or awaiting conversion.
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AIR TRANSAT

Feb 28, 2024
AIR TRANSAT finalized collective bargaining agreement with CUPE-represented flight attendants, ending strike threat.
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LAX

Feb 28, 2024
LAX handled 5.7m pax in January, up 4% from 5.5m in January 2023.
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ROYAL JORDANIAN

Feb 28, 2024
ROYAL JORDANIAN plans to begin Amman-London Stansted on March 3 and -Manchester on March 6 (A319).
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NAVBLUE

Feb 28, 2024
NAVBLUE was selected by Delta Air Lines to provide Mission+ electronic flight folder (eFF) for deployment on >900 Airbus and Boeing aircraft.
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CABO VERDE AIRLINES

Feb 28, 2024
CABO VERDE AIRLINES agreed to wet-lease ATR 72-600 (1452) from Air Senegal to resume domestic services.
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COPENHAGEN AIRTAXI

Feb 28, 2024
COPENHAGEN AIRTAXI leased ex-HelloJets 737-800 (35101) from ALC for operation on behalf of AIRSEVEN.
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BREEZE AIRWAYS

Feb 28, 2024
BREEZE AIRWAYS took delivery of new A220-300 (55257) on lease from AerCap. It now has 22 A220s.
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VIVA AEROBUS

Feb 28, 2024
VIVA AEROBUS, Mexico wet-leased (ACMI) two A320-200s (3531/3807) from Avion Express Malta.
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NETWORK AIRLINE MANAGEMENT

Feb 28, 2024
NETWORK AIRLINE MANAGEMENT renewed deal with TAAG Angola to operate 747-400F (30761) on weekly Liege-Angola.
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LUFTHANSA CITY

Feb 28, 2024
LUFTHANSA CITY plans mid-2024 startup out of Munich with four A319s, serving Berlin, Hamburg, Bremen, Düsseldorf, Cologne, Hanover, Birmingham, Bordeaux and Manchester; 60 A220-300s have been ordered/optioned for its future fleet.
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ULTRAMAIN SYSTEMS

Feb 28, 2024
ULTRAMAIN SYSTEMS was selected by Norse Atlantic to provide its electronic logbook to replace paper technical log, cabin log, journey log, and fueling logs on 15 787s.
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IATA

Feb 28, 2024
IATA reports decade-low accident rate of 0.80 per million sectors in 2023, better than 5-year rolling average of 1.19 in 2019-2023; there were no losses or fatal accidents involving pax jet aircraft, but one fatal accident involving a turboprop.
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AIR NEW ZEALAND and SINGAPORE AIRLINES

Feb 28, 2024
AIR NEW ZEALAND and SINGAPORE AIRLINES received approval from New Zealand to extend existing joint venture.
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AIR TRANSPORT WORLD

Feb 28, 2024
AIR TRANSPORT WORLD named DELTA AIR LINES as 2024 Airline of the Year, to be awarded May 31 in Dubai. Other winners include IAG (Eco-Airline); AZUL (Market Leader); SCOOT (Value Airline); AIR CANADA CARGO (Cargo Airline); and UNITED (Humanitarian Force for Good); individual awards will be presented to Doug Parker and Goh Choon Phong.
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QANTAS

Feb 28, 2024
QANTAS is accelerating delivery of four E190s on wet-lease from ALLIANCE AVIATION SERVICES by several weeks to now through June 24, increasing total aircraft in service to 26 with options for another four (SPNWS; October 20).
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CAPITAL A

Feb 28, 2024
CAPITAL A (AirAsia) finalized merger agreement with Aetherium Acquisition to create public company listed on Nasdaq under name CAPI, led by Tony Fernandes; transaction reflects estimated pro forma enterprise value for CAPI of $1.15b.
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ICAO

Feb 28, 2024
ICAO forecasts pax traffic in 1Q24 to surpass 1Q19 by 2%; it predicts full-year pax traffic to surpass 2019 by 3%, or even 4% if pace of recovery strengthens. However, it is forecasting cargo traffic to be around 2% below 2019 levels for 2024.
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ENVOY AIR

Feb 28, 2024
ENVOY AIR (American Eagle) has reportely parked two E-Jets: E170 (022) and E175 (874).
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BONZA

Feb 28, 2024
BONZA is converting two 737-8s (61804/61807) on wet-lease from Flair Airlines to dry leases; it has six 787-8s.
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VOLARIS

Feb 28, 2024
VOLARIS, Mexico believes GTF inspections will extend into 2026 despite Pratt & Whitney's increasing shop capacity.
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AIR FRANCE-KLM GROUP

Feb 29, 2024
AIR FRANCE-KLM GROUP had €256m net loss on €7.4b revenues in 4Q23 vs €496m profit on €7.1b in 4Q22; and €934m net profit on record €30b revenues for 2023 vs €728m on €26.4b in 2022. It restored 93% of pre-pandemic 2019 capacity with pax load factor at 87%. AIR FRANCE earned €1.1b in 2023 vs €483m and KLM earned €650m vs €594m.
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IAG

Feb 29, 2024
IAG had €504m net income on €7.2b revenues in 4Q23 vs €232m on €6.4b in 4Q22; and €2.7b net profit on €29.5b revenues in 2023 vs €431m on €23.1b in 2022. It restored 95.7% of pre-pandemic 2019 capacity. BRITISH AIRWAYS earned €1.4b in 2023 vs €306m in 2022, IBERIA earned €940m vs €389m, and VUELING earned €396m vs €240m.
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ETIHAD AIRWAYS

Feb 29, 2024
ETIHAD AIRWAYS plans in mid-June to begin Abu Dhabi-Antalya/-Jaipur, India (A320).
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CAPITAL A

Feb 28, 2024
CAPITAL A (AirAsia) finalized merger agreement with Aetherium Acquisition to create public company listed on Nasdaq under name CAPI, led by Tony Fernandes; transaction reflects estimated pro forma enterprise value for CAPI of $1.15b.
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AAPA

Feb 29, 2024
AAPA members carried 27m pax in January, up 49.4% vs Jan 2023; capacity (ASKs) rose 51.3%. Cargo rose 22.5%.
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DHL

Feb 29, 2024
DHL agreed to lease five EFW-converted A330-300P2Fs from CaixaBank, Spain; first (1374; ex-THAI) was delivered.
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VOLOTEA

Feb 29, 2024
VOLOTEA agreed to lease three A320-200s, including ex-Vueling (3400) from Avolon and ex-Air Corsica (3325) from DAE Capital, with the third TBA. It will then have 44 aircraft to carry around 12m pax, a 60% increase compared to 2019.

Business Aviation

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SKY SERVICE and FONTAINBLEAU AVIATION

Feb 23, 2024
SKYSERVICE and FONTAINEBLEAU AVIATION teamed to develop FBO at Fort Lauderdale-Hollywood International Airport, which will comprise 80,000 sq ft hangar, 25,000 sq ft opulent lobby and hangar offices, to open in early 2025.
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BANYAN AIR SERVICE

Feb 23, 2024
BANYAN AIR SERVICE completed installation of SMARTSKY LITE inflight connectivity system on a Volato HondaJet.
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HARTZELL PROPELLER SERVICE CENTER

Feb 27, 2024
HARTZELL PROPELLER SERVICE CENTER, OH is expanding its warranty coverage to two years or 2,000 flight hours, whichever occurs first. It also increased its propeller exchange inventory program to cover more aircraft.

MRO

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STANDARDAERO

Feb 23, 2024
STANDARDAERO completed stand up of its PW200 helicopter engine MRO capabilities at Winnipeg, Canada.
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SAFRAN ELECTRICAL & POWER

Feb 27, 2024
SAFRAN ELECTRICAL & POWER has 3-year Malaysia Airlines contract to maintain CFM56-7B electrical harnesses.
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SAFRAN NACELLES

Feb 27, 2024
SAFRAN NACELLES was selected by Cebu Pacific to maintain A330-900 nacelles, including asset pool access.
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N3 ENGINE OVERHAUL SERVICES

Feb 27, 2024
N3 ENGINE OVERHAUL SERVICES (Lufthansa Technik/Rolls-Royce) broke ground on 6,000 sq meter expansion to its existing production hall at Erfurter Kreuz to expand the technical machining centers and assembly areas; project will also double process capacity of its cleaning line for engine components and will later start building new logistics facility.
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LUFTHANSA TECHNIK

Feb 27, 2024
LUFTHANSA TECHNIK was selected by Smartwings to maintain LEAP-1Bs; it also extended deal for CFM56-7B MRO.
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TURKISH TECHNIC

Feb 27, 2024
TURKISH TECHNIC has 5-year Silk Way West Airlines contract to provide 777F component support.
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AFI KLM E&M

Feb 28, 2024
AFI KLM E&M was selected by Australia's Bonza to provide 737-8 component support, mainly out of Kuala Lumpur.
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GA TELESIS

Feb 28, 2024
GA TELESIS added E175 landing gear overhaul and repair capabilities at Miami International to its existing suite of E170, E190 and E195 platforms.
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AERO CARE

Feb 28, 2024
AERO CARE (portfolio company of Alchemy Aero) opened 10,000 sq ft headquarters facility in Miami to support growth and house CFM56 and V2500 parts inventories; it will continue to be supported by its European office in Bucharest.
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MESA

Feb 28, 2024
MESA, Portugal was approved by Portugal's CAA to perform enhanced scope of base maintenance on PW4000-powered A330s and also for A340 base maintenance in 48-month intervals to undertake more detailed/comprehensive repairs.
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AFI KLM E&M

Feb 29, 2024
AFI KLM E&M earned €150m on €4.2b revenues in 2023 vs €163m on €3.6b in 2022; third party revenues rose 26.9%.
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HAECO HONG KONG

Feb 29, 2024
HAECO HONG KONG has 5-year Air Canada contract to exclusively provide 787/A330 heavy maintenance.

Defense

WHO'SNEWS

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WHO'SNEWS: ATI

Feb 23, 2024
Kimberly A. Fields to President and Chief Executive Officer of ATI, Dallas (effective July 2024).
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WHO'SNEWS: EMIRATES GROUP

Feb 23, 2024
Steve Allen to Chief Executive Officer of dnata (Emirates Group).
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WHO'SNEWS: EMIRATES GROUP

Feb 23, 2024
Michael Doersam to Chief Financial and Group Services Officer of Emirates Group.
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WHO'SNEWS: EMIRATES GROUP

Feb 23, 2024
Adnan Kazim to Deputy President and Chief Commercial Officer of Emirates Group.
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WHO'SNEWS: EMIRATES GROUP

Feb 23, 2024
Adel Al Redha to Deputy President and Chief Operations Officer of Emirates Group.
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WHO'SNEWS: LOGANAIR

Feb 27, 2024
Luke Farajallah to Chief Executive Officer of Loganair, Scotland.
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WHO'SNEWS: UCLA ANDERSON SCHOOL OF MANAGEMENT

Feb 28, 2024
Ed Bastian, CEO of Delta, was presented with John Wooden Global Leadership Award by UCLA Anderson School of Management.
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WHO'SNEWS: ROBINSON HELICOPTER

Feb 28, 2024
David Smith to President and Chief Executive Officer of Robinson Helicopter, Torrance, CA. Kurt Robinson will transition to an Advisor.
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WHO'SNEWS: CPAT GLOBAL

Feb 28, 2024
Steve Dennis to Vice President of Training Design of CPaT Global, Houston.
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WHO'SNEWS: SAFRAN CABIN

Feb 28, 2024
Anthony Loi to Vice President of Sales and Marketing-Water & Waste Systems of Safran Cabin.
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WHO'SNEWS: VUELING

Feb 29, 2024
Carolina Martinoli to Chairman and Chief Executive Officer of Vueling, Spain.
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WHO'SNEWS: IBERIA

Feb 29, 2024
Marco Sansavini to Chairman and Chief Executive Officer of Iberia, Spain; Fernando Candela will remain CEO of Level.