Subscription Required

 

SpeedNews - April 5, 2024 is part of our SpeedNews subscription.

Subscribe now to read this alert, plus receive full coverage of key developments in commercial and business aviation.

Already a subscriber to SpeedNews or a content package that includes SpeedNews? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.

 

 

Aerospace

article

CPaT GLOBAL

Apr 02, 2024
CPaT GLOBAL, TX was selected by Republic Airways to provide distance learning systems for E175 pilot training; deal includes CPaT Invent.
article

KOMY

Apr 02, 2024
KOMY was approved by Japan's Civil Aviation Bureau, Ministry of Land, Infrastructure, Transport and Tourism for manufacturing aircraft mirrors.
article

UNITED AIRCRAFT

Apr 02, 2024
UNITED AIRCRAFT resumed flight testing of Il-114-300 with first flight of second prototype to test stability/controllability.

GREENVERWAVE

Apr 03, 2024
GREENVERWAVE, France unveiled new SATCOM user terminal designed to maintain high-speed connectivity between LEO and GEO satellites.

GE AEROSPACE

Apr 03, 2024
GE AEROSPACE officially launched as an independent public company on April 2, following spin-off of GE Vernova.

C&L AEROSPACE

Apr 03, 2024
C&L AEROSPACE signed agreement with AVIAN Inventory Management to assist in marketing and selling inventory of 85,000 individual part numbers and >18m total parts for ERJ 145, E170, E190, EMB 120, Legacy, Phenom, and Predator.

CPaT GLOBAL

Apr 03, 2024
CPaT GLOBAL, TX was selected by Libya's Ghadames Air to provide distance learning systems for 737CL and 777 pilot/cabin crew training.

RESILIANT ENERGY

Apr 03, 2024
RESILIANT ENERGY, TX has acquired Reno, NV-based CHALLENGER AEROSPACE & DEFENSE (UAVs), expanding into $35b drone market.

THALES

Apr 03, 2024
THALES completed previously announced acquisition of COBHAM AEROSPACE COMMUNICATIONS, France (avionics).

PROPONENT

Apr 03, 2024
PROPONENT acquired Southern California-based stocking distributor HC PACIFIC, which its says brings an additional 56,000 products to its portfolio and important strategic relationships with key suppliers in military marketplace.

PROPONENT

Apr 03, 2024
PROPONENT, CA was selected by New Hampshire Ball Bearings as distribution partner for its bearing products for aerospace aftermarket.

PANASONIC AVIONICS

Apr 03, 2024
PANASONIC AVIONICS was selected by Croatia Airlines to provide Ku-band satellite connectivity for 15 A220s on order.

AUTOFLIGHT

Apr 03, 2024
AUTOFLIGHT, China delivered first 5-seat Prosperity all-electric eVTOL aircraft to undisclosed Japanese customer in preparation for demonstration eVTOL flights at the 2025 Osaka World Expo, as well as a wider AAM rollout in Japan.

TIDE ROCK

Apr 03, 2024
TIDE ROCK acquired CABLENET AEROSPACE, which specializes in turnkey applications for GSE out of 20,000 sq ft facility in Denver.

AAR

Apr 05, 2024
AAR secured exclusive, multi-year distribution agreement with TRIUMPH's Actuation Products & Services unit for >100 top-level assemblies and subcomponents for Airbus/Boeing aircraft; deal commences in Jan 2026.

AIRBUS

Apr 05, 2024
AIRBUS rolled first A350-900 (684) out of the FAL in Toulouse for EMIRATES, which has ordered 65 for delivery by 1H28.

LOAR GROUP

Apr 05, 2024
LOAR GROUP, NY filed registration statement for proposed IPO on NYSE.

Air Transport

article

INDIGO PARTNERS

Apr 02, 2024
INDIGO PARTNERS plans to distribute its 80% stake in FRONTIER AIRLINES to its Chairman (44%) and other investors.
article

AIR MALTA

Apr 02, 2024
AIR MALTA ceased operations in lieu of startup of State-owned KM MALTA AIRLINES with seven A320s (six neo).
article

SKY VISION AIRLINES

Apr 02, 2024
SKY VISION AIRLINES, Egypt took delivery of A320-200P2F (2724; ex-Orange2fly) on lease from ST Aerospace Resources.
article

AERRO DIREKT

Apr 02, 2024
AERRO DIREKT, Romania leased ex-flynas A320-200 (3218) with CFM56s from Air Lease Corporation.
article

AIRASIA

Apr 02, 2024
AIRASIA leased ex-MYAirline A320-200 (4088) with CFM56s from Aircastle.
article

WAMOS AIR

Apr 02, 2024
WAMOS AIR, Spain leased ex-Capital Airlines A330-200 (988) with Trent 700s from AerCap.
article

AIR ARABIA MAROC

Apr 02, 2024
AIR ARABIA MAROC leased ex-Avion Express A320-200 (4649) with CFM56s from SMBC Aviation Capital.
article

SUN COUNTRY AIRLINES

Apr 02, 2024
SUN COUNTRY AIRLINES leased ex-Pegasus 737-800 (40010) from Jackson Square Aviation.
article

SUN COUNTRY AIRLINES

Apr 02, 2024
SUN COUNTRY AIRLINES leased ex-EWA Air 737-800 (40910) from Aircastle.
article

AIR ASTANA

Apr 02, 2024
AIR ASTANA reached compensation agreement with Pratt & Whitney over GTF availability issues; it executed purchase agreement with IAE to acquire a sixth spare PW1100 and finalized lease of two A320-200s for FLYARYSTAN for 1Q25.

KOREAN AIR

Apr 03, 2024
KOREAN AIR finalized previously announced order for 27 A350-1000s and six A350-900s as part of fleet modernization and replacement program that also includes 50 A321neos, 10 787-9s, 20 787-10s and 30 737-8s (SPNWS; March 22).

AVILEASE (PIF)

Apr 03, 2024
AVILEASE (PIF) closed US$700m dual-currency (USD/SAR) unsecured revolving credit facility with four Saudi banks.

RYANAIR

Apr 03, 2024
RYANAIR began building €130m 737 simulator and training center in Krakow to handle 10 simulators starting in 2025.

AZAL AZERBAIJAN AIRLINES

Apr 03, 2024
AZAL AZERBAIJAN AIRLINES wet-leased two A320-200s (2157/4108) from Heston Airlines, Lithuania.

FLYARYSTAN

Apr 03, 2024
FLYARYSTAN received its AOC from Aviation Administration of Kazakhstan. It had been operating under Air Astana's AOC.

CEBU PACIFIC

Apr 03, 2024
CEBU PACIFIC, The Philippines agreed to sell four A330-900s to Avolon for leaseback for delivery 2H24-2026. AVOLON expects widebody delivery slots from manufacturers will be sold out to 2030 by end 2024, resulting in a very tight market.

GRIFFIN GLOBAL ASSET MANAGEMENT

Apr 03, 2024
GRIFFIN GLOBAL ASSET MANAGEMENT announced closing by GGAM Finance of offering of $400m senior unsecured notes.

EL AL

Apr 03, 2024
EL AL completed public offering of 92m shares, plus 92m Series 3 warrants, for gross consideration of ILS510m ($140m).

GLOBAL CROSSING AIRLINES

Apr 03, 2024
GLOBAL CROSSING AIRLINES (GlobalX) received US DOT approval to increase fleet from 16 to 20 aircraft; it plans to add two A320-200s and two A321-200s to fleet by Summer 2024 to strengthen its ACMI pax charter business.

AIR AUSTRAL

Apr 03, 2024
AIR AUSTRAL secured €4.5m advance from Réunion to avoid bankruptcy. It has three A220s, three 777s and two 787s.

JFK

Apr 03, 2024
JFK handled 4.2m pax in February, up 3.4% vs February 2023.

NEWARK LIBERTY INTL

Apr 03, 2024
NEWARK LIBERTY INTL handled 3.4m pax in February, up 2.2% vs February 2023.

NEW YORK LAGUARDIA

Apr 03, 2024
NEW YORK LAGUARDIA handled 2.4m pax in February, up 9.8% vs February 2023.

AIR BUCHAREST

Apr 03, 2024
AIR BUCHAREST filed for insolvency. It suspended operations in 4Q22 and was planning to return as NEW AIRLINES.

IATA

Apr 03, 2024
IATA reports year-over-year global pax traffic was up 25.1% in February on 18.7% higher capacity, surpassing the pre-pandemic 2019 threshold by 5.7% (PLF was also closing in on 2019 levels); cargo rose 11.9% on 13.4% higher capacity.

SPICEJET

Apr 03, 2024
SPICEJET is acquiring a sixth Dash 8-400 (TBA) from NAC as part of settlement agreement inked in 2023. It also assumed full ownership of 13 Dash 8-400s from Canada's EDC and three 737s from Cross Ocean Partners and AerCap.

AZORES AIRLINES

Apr 03, 2024
AZORES AIRLINES took delivery of second LEAP-powered A320neo (11889) on lease from Air Lease Corporation.

SPIRIT AIRLINES

Apr 03, 2024
SPIRIT AIRLINES secured agreement to receive monthly credit from IAE (Pratt & Whitney) through 2024 as compensation for each/all aircraft unavailable for operational service due to GTF engine issues; estimated impact is $150m-$200m.

PHOENIX AVIATION CAPITAL

Apr 03, 2024
PHOENIX AVIATION CAPITAL, NY is new leasing company that is expected to take 30 MAX delivery slots from 777 Partners.

JAPAN AIRLINES

Apr 05, 2024
JAPAN AIRLINES began daily Tokyo Haneda-Doha, Qatar (787-9).

AKASA AIR

Apr 05, 2024
AKASA AIR began four-times-weekly Mumbai-Doha, Qatar (737 MAX).

CANADA JETLINES

Apr 05, 2024
CANADA JETLINES plans June 29 to begin weekly Toronto Pearson-Miami (A320).

PHILIPPINE AIRLINES

Apr 05, 2024
PHILIPPINE AIRLINES plans October 2 to begin three-times-weekly Manila-Seattle (777-300ER).

AERCAP

Apr 05, 2024
AERCAP completed 152 transactions (82 lease agreements/21 purchases/49 sales) in 1Q24 vs 123 (76 lease agreements/15 purchases/32 sales) in 1Q23; it repurchased 4.3m shares for a total of approximately $336m.

AVOLON

Apr 05, 2024
AVOLON executed 39 lease transactions in 1Q24 (vs 31 in 1Q23), delivered nine new aircraft (vs 9) and transitioned three to others (vs 9), and entered in SLB deals for seven; it now has owned/managed/committed fleet of 1,033 aircraft.

DAE

Apr 05, 2024
DAE signed 5-year, AED2.75b unsecured term loan with Emirates NBD Bank for future financing needs of the business.

AIR CANADA

Apr 05, 2024
AIR CANADA began four-times-weekly Vancouver-Singapore (787-9).

UPS

Apr 05, 2024
UPS has contract with US Postal Service to become its primary air cargo provider to move majority of its air cargo in US.

AJET

Apr 05, 2024
AJET (Turkish Airlines) launched operations, replacing Anadolu Jet (SPNWS; Dec 1). It plans to serve 93 destinations, including 41 domestic and 52 international, with 95 aircraft during Summer 2024, growing to 200 aircraft in 10 years.

EASYJET

Apr 05, 2024
EASYJET opened base at Alicante, Spain (fourth in Spain) with three A320s, offering 1.5m seats (capacity) in Summer '24.

Business Aviation

article

GOGO BUSINESS AVIATION

Apr 02, 2024
GOGO BUSINESS AVIATION teamed with ATLAS AIR SERVICE to develop EASA STCs to install Galileo HDX broadband antenna on Cessna CitationJet series aircraft (>1,850 worldwide) and the Embraer Phenom 300 (750 aircraft worldwide).
article

GULFSTREAM

Apr 02, 2024
GULFSTREAM received FAA type certification for G700, confirming two new performance improvements comprised of a (better) balanced field length takeoff distance of 5,995 ft/1,827 meters and a landing distance of 3,150 ft/960 meters.

GARMIN

Apr 03, 2024
GARMIN delivered first shipset of standby flight instruments for the Lilium Jet, to make its first flight in late 2024.

SHELTAIR

Apr 03, 2024
SHELTAIR opened 52,000 sq ft large business jet hangar complex at Denver's Rocky Mountain Metropolitan Airport.

ROLLS-ROYCE

Apr 03, 2024
ROLLS-ROYCE completed first flight of Pearl 10X (selected for Falcon 10X) on its Tucson-based 747 flying testbed.

SKYSHARE

Apr 03, 2024
SKYSHARE unveiled SFX+ fractional ownership program that uses day-based model that provides guaranteed access to G450s, Challenger 300s, G200s, Citation Excels, Citation CJ2s, and PC-12s; a 1/16th share provides 20 days per year.

STANDARDAERO

Apr 03, 2024
STANDARDAERO was named by SpaceX as authorized dealer/installer of Starlink connectivity solution for business jets.

MRO

article

AAR

Apr 02, 2024
AAR plans April 5 to break ground on 3-bay, 80,000 sq ft hangar at Will Rogers World Airport n Oklahoma City to support expansion of 737 heavy maintenance program for Alaska Airlines to a minimum of six lines (SPNWS; December 8).
article

EXECUJET MRO SERVICES MALAYSIA

Apr 02, 2024
EXECUJET MRO SERVICES MALAYSIA opened new 150,000 sq ft Dassault factory service center (with 105,000 sq ft hangar) at Subang Airport near Kuala Lumpur, which is able to handle both the Falcon 6X and larger Falcon 10X.

FEAM AERO

Apr 03, 2024
FEAM AERO opened new 150,000 sq ft, 3-bay widebody hangar at Cincinnati/Northern Kentucky International Airport, complementing existing 103,000 sq ft hangar inaugurated in Jan 2020; it invested $45m in project (SPNWS; March 22).

SUNVAIR AEROSPACE GROUP

Apr 03, 2024
SUNVAIR AEROSPACE GROUP, CA completed its first 787 landing gear overhaul under contract with Boeing.

ASCENT AVIATION SERVICES

Apr 03, 2024
ASCENT AVIATION SERVICES broke ground on new two widebody hangars at Pinal Air Park in Marana, AZ to handle 777-300ER freighter conversions for IAI; $55m investment will add 180,000 sq ft hangar/60,000 sq ft shop capacity.

ASCENT AVIATION SERVICES

Apr 03, 2024
ASCENT AVIATION SERVICES broke ground on new two widebody hangars at Pinal Air Park in Marana, AZ to handle 777-300ER freighter conversions for IAI; $55m investment will add 180,000 sq ft hangar/60,000 sq ft shop capacity.

STANDARDAERO

Apr 03, 2024
STANDARDAERO completed stand-up of its LEAP maintenance capabilities at San Antonio, TX for CTEM shop visits.

LAUNCH

Apr 03, 2024
LAUNCH was selected by Aspire MRO to provide a Total Labor Management Solution, incl a dedicated Delivery Team (recruiting/program management).

PSA AIRLINES

Apr 03, 2024
PSA AIRLINES opened E175 line maintenance base at DFW, its ninth in its network.

ATOPS EUROPE

Apr 03, 2024
ATOPS EUROPE was established to provide EASA-approved engine maintenance out of 35,000 sq ft facility in Portugal.

VAS AERO SERVICES

Apr 03, 2024
VAS AERO SERVICES has new consignment deal with Dr. Peters Group to manage part out of four more A380s (now eight) -- three at TARMAC AEROSAVE and one at ASIA PACIFIC AIRCRAFT STORAGE -- for reclamation/redistribution of USM.

EXECUJET MRO SERVICES AUSTRALIA

Apr 03, 2024
EXECUJET MRO SERVICES AUSTRALIA completed first 20-year heavy maintenance check on a Global Express; workscope comprised interior removal/replacement, landing gear overhaul, and CMS upgrade with Honeywell Ovation Select.

AVENTURE AVIATION

Apr 03, 2024
AVENTURE AVIATION signed agreement with AVIAN Inventory Management to market and sell its Bombardier and Embraer parts inventory, which consists of >13m parts stored in Avian's 72,000 sq ft global headquarters in Orlando, FL.

AERFIN

Apr 03, 2024
AERFIN, UK opened new 35,000 sq ft warehouse facility near Miami International Airport to accommodate an extensive inventory of part numbers for E-Jet, Airbus, and Boeing platforms, as well as CF34, CFM56, and V2500 engine material.

BGS

Apr 03, 2024
BGS was selected by Wizz Air to continue to supply aviation fuel at Kaunas and Vilnius airports, plus add Tallinn to the partnership.

MID-ATLANTIC OPPORTUNITY PARK

Apr 03, 2024
MID-ATLANTIC OPPORTUNITY PARK is being developed near Pittsburgh, PA as aviation business hub (exempt from certain state/local taxes), set to be anchored by 100,000 sq ft hangar facility for narrowbody aircraft MRO operations.

C&L AEROSPACE

Apr 05, 2024
C&L AEROSPACE purchased ex-Ikar E190 (259) from Nordic Aviation Capital (NAC) for part out in Portugal.

Who'sNews

WHO'SNEWS: AERFIN

Apr 03, 2024
Auvinash Narayen to Chief Investment Officer of AerFin, UK.

WHO'SNEWS: JORAMCO

Apr 03, 2024
Stephan Klose to Chief Operations Officer of Joramco, Jordan.

WHO'SNEWS: PMW AERO

Apr 03, 2024
James Palacios to Vice President of Sales and Business Development of PMW Aero, Liberty, SC.

WHO'SNEWS: ZAMBIA AIRWAYS

Apr 03, 2024
Thomas Gabreyohannes to Chief Executive Officer of Zambia Airways.

WHO'SNEWS: INSTRUMENT SYSTEMS

Apr 03, 2024
Dr. Yuta Yamanoi to Managing Director of Instrument Systems, Munich.

WHO'SNEWS: SMARTLYNX AIRLINES

Apr 03, 2024
Jan Belina to Deputy Chief Executive Officer of SmartLynx Airlines.

WHO'SNEWS: SUNRISE AIRWAYS

Apr 03, 2024
Claudio Buncamper to Chief Commercial Officer of Sunrise Airways, Haiti.

WHO'SNEWS: SAFRAN CABIN

Apr 03, 2024
Nicolas Behr to Vice President for Contracts of Safran Cabin.

WHO'SNEWS: CLOVER AVIATION CAPITAL

Apr 05, 2024
Haiyan Zheng to Chief Commercial Officer of Clover Aviation Capital, Hong Kong; Pengfei Jiang was named Chief Marketing Officer.

WHO'SNEWS: JETTAINER

Apr 05, 2024
Dr. Gert Pfeifer to General Manager Europe of Jettainer, Raunheim, Germany.

WHO'SNEWS: C&L AEROSPACE

Apr 05, 2024
Kristina Snow to Strategic Inventory Sales Manager, focusing on consignment deal with AVIAN, of C&L Aerospace, Bangor, ME.