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Aerospace

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AAR

Apr 16, 2024
AAR extended/expanded V2500 component distribution agreement with Sumitomo Precision Products, adding all starter and valve subcomponents to deal that originally included the pneumatic starter and starter control valve.
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KOREA AEROSPACE INDUSTRIES

Apr 16, 2024
KOREA AEROSPACE INDUSTRIES was selected by Eve to supply pylons (to support electric power units and eight lift propellers) for its eVTOL aircraft under development; Eve’s eVTOL is scheduled to begin deliveries and enter service in '26.
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MONTE

Apr 16, 2024
MONTE teamed with Natilus to provide leasing/financing options for customers of the Kona blended-wing-body aircraft.
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ENAER

Apr 16, 2024
ENAER signed two agreements with Embraer to provide component manufacturing and maintenance for A-29s, C-390s and E-Jets in Chile.
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SOPRA STERIA

Apr 16, 2024
SOPRA STERIA established a subsidiary in Toronto/Montreal Canada.
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LILIUM

Apr 16, 2024
LILIUM began production of aviation grade battery packs for the Lilium Jet; first flight is targeted for end of 2024.
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ENTROL AMERICA

Apr 16, 2024
ENTROL AMERICA plans in September 2024 to open flight simulator maintenance center in Monterrey, Mexico.
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BOEING

Apr 16, 2024
BOEING says it has committed to purchase 9.4m gallons of SAF (produced by Neste and World Energy) to support US commercial operations in 2024.
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BOOM

Apr 17, 2024
BOOM received first-of-its-kind Special Flight Authorization (SFA) from FAA to fly the XB-1 beyond Mach 1 during flight testing (in Black Mountain Supersonic Corridor), later in 2024, at Mojave; aircraft has made one sub-supersonic flight.
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NORSK TITANIUM

Apr 17, 2024
NORSK TITANIUM completed Master Supply Agreement negotiations with Airbus Aerostructures for printed preforms.
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ADB SAFEGATE

Apr 17, 2024
ADB SAFEGATE was selected to modernize advanced visual docking guidance systems at Frankfurt Airport by end of 2026.
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GARDNER AEROSPACE

Apr 17, 2024
GARDNER AEROSPACE, Derby secured £45m financing from HSBC UK to refinance debt and bolster working capital.
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LOAR HOLDINGS

Apr 17, 2024
LOAR HOLDINGS, NY plans IPO on NYSE of 11m shares at $24-$26 each.
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AURA AERO

Apr 17, 2024
AURA AERO launched call for tender for major work packages, including fuselage design, airframe engineering services, turbogenerator, primary flight control system actuators and inceptors, for 19-seat MG4 all-electric aircraft for ealy 2025.
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EVE AIR MOBILITY

Apr 17, 2024
EVE AIR MOBILITY has LOI from Japan's AIRX for 10 firm/40 option eVTOLs, service support and Urban ATM software.
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ST ENGINEERING AIRX AND BUREAU VERITAS

Apr 17, 2024
ST ENGINEERING AIRX and BUREAU VERITAS teamed to collaborate to advance development of Wing-in-Ground (WIG) technology for AirFish WIG marine craft to operate just above water, utilizing aerodynamics generated by ground effect.
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HONEYWELL

Apr 17, 2024
HONEYWELL unveiled Forge Performance+ for Aerospace that uses AI and machine learning (ML) to help commercial aerospace manufacturing and MRO facilities modernize production and lower costs through digitalization.
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SMBC AERO ENGINE LEASE (SAEL)

Apr 17, 2024
SMBC AERO ENGINE LEASE (SAEL), Amsterdam announced it completed its first sale/leaseback agreement with Breeze Airways for two PW1524Gs.
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GE AEROSPACE

Apr 19, 2024
GE AEROSPACE was selected by KLM to provide Fuel Insight software to increase fuel efficiency for aircraft operations.
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ELECTRA.AERO

Apr 19, 2024
ELECTRA.AERO secured $1.9m Small Business Innovation Research (SBIR) contract from US Army to fund powered wind tunnel testing of its hybrid-electric eSTOL aircraft; deal enables Army to explore blown wing aircraft technology.
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EMBRAER and AICAT

Apr 19, 2024
EMBRAER and AICAT (Austrian Industrial Cooperation & Aviation Technology) signed MOU to explore opportunities such as joint research, technology development and contributions from Austrian ecosystem to Embraer's supply chain.
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DHL EXPRESS SLOVENIJA

Apr 19, 2024
DHL EXPRESS SLOVENIJA is building 8,400 sq meter logistics center at Ljubljana Jože Pučnik to open in 2025 to handle 3,500 packages per hour.
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MEYER TOOL

Apr 19, 2024
MEYER TOOL is doubling size of its manufacturing facility in Benton, ME to 40,000 sq ft to support Pratt & Whitney programs; products produced on site include large-diameter engine components and airframe actuator housings/shafts.

Air Transport

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SCOOT

Apr 16, 2024
SCOOT, Singapore took delivery of its first (127) of nine new E190-E2s on lease from Azorra; entry into service is May.
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AIR MASTER

Apr 16, 2024
AIR MASTER, Egypt leased 737-800BCF (34408; ex-Comair) from SMBC Aviation Capital.
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AIREXPLORE

Apr 16, 2024
AIREXPLORE, Slovakia leased ex-Bluebird Nordic 737-800BCF (29788) from Aergo Capital.
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LOGANAIR

Apr 16, 2024
LOGANAIR leased ex-Avianca ATR 72-600 (1160) from Jetstream Aviation Capital.
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FLYARYSTAN

Apr 16, 2024
FLYARYSTAN took delivery of new GTF-powered A320neo (11988) on lease from Avolon.
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SKYALPS

Apr 16, 2024
SKYALPS, Italy leased ex-Flybe Dash 8-400 (4157) from Nordic Aviation Capital.
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SKY AIRLINE

Apr 16, 2024
SKY AIRLINE, Chile took delivery of second A321neo (11809) on lease from Aviation Capital Group, completing deal.
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AFG AVIATION IRELAND

Apr 16, 2024
AFG AVIATION IRELAND purchased two ex-Avianca A319s (7284/7318) Crestone Air Partners-managed consortium.
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BOC AVIATION

Apr 16, 2024
BOC AVIATION executed 54 transactions in 1Q24 (vs 23 in 1Q23). It has owned/managed/committed fleet of 688 aircraft
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BROOKFIELD ASSET MANAGEMENT

Apr 16, 2024
BROOKFIELD ASSET MANAGEMENT is reportedly in advanced talks to buy a majority stake in CASTLELAKE.
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GOL

Apr 16, 2024
GOL, Brazil reportedly reached an agreement with the lessors to return up to 16 737NGs (10% of fleet). It also secured final installment ($450m) of $1b DIP financing from its main shareholders as it navigates bankruptcy.
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AVION EXPRESS BRAZIL

Apr 16, 2024
AVION EXPRESS BRAZIL took possession of its first A320-200 (4448) for startup.
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OAG

Apr 16, 2024
OAG reports global airline capacity in 2Q24 will surpass 2Q19 levels; average capacity per scheduled flight is 160 seats.
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UNIFI AVIATION

Apr 16, 2024
UNIFI AVIATION acquired PROSPECT AIRPORT SERVICES to become the largest provider of airport wheelchair services in US with >$1.7b revenues.
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US-BANGLA AIRLINES

Apr 16, 2024
US-BANGLA AIRLINES wet-leased (ACMI) two 737-800s from SkyUp Airlines for operation out of Dhaka through 1Q25.
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NAV CANADA AND CAE

Apr 16, 2024
NAV CANADA and CAE teamed to train ATC controllers.
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MARABU AIRLINES

Apr 16, 2024
MARABU AIRLINES wet-leased (ACMI) two 737-800s from KlasJet for operation out of Munich through November 2024.
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ASCEND AIRWAYS

Apr 16, 2024
ASCEND AIRWAYS (Avia Solutions Group) received is AOC from UK CAA; it plans to operate two 737s in 2024.
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AMERICAN

Apr 16, 2024
AMERICAN plans August 10 to begin weekly seasonal Charlotte, NC-Québec City, Canada (TBA).
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GEORGIAN AIRLINES

Apr 16, 2024
GEORGIAN AIRLINES leased ex-Polar Air Cargo 767-300BDSF (27611) from Titan Aircraft Leasing.
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AUSTRIAN

Apr 16, 2024
AUSTRIAN took delivery of two ex-Bamboo 787-9s (62735/62736) with GEnx-1Bs on lease from CALC (SPNWS; March 29).
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iAERO AIRWAYS

Apr 16, 2024
iAERO AIRWAYS, FL has filed for liquidation, converting to Chapter 7. It sold package of 28 737s to EASTERN AIRWAYS.
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LUFTHANSA GROUP

Apr 16, 2024
LUFTHANSA GROUP expects to post €849m loss (EBIT) for 1Q24 vs €273m loss in 1Q23, higher than expected due to various strikes that impacted earnings by €350m. It is now projecting adjusted full-year earnings of €2.2b vs €2.7b in 2023.
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LUFTHANSA ALLEGRIS

Apr 16, 2024
LUFTHANSA ALLEGRIS plans May 1 startup (Munich-Vancouver) of long-haul services using A350-900s with special cabin.
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ROYAL AIR MAROC

Apr 16, 2024
ROYAL AIR MAROC leased three A320s from Nouvelair Tunisie (3798), Heston Airlines (4906) and Electra (1862).
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EUROATLANTIC AIRWAYS

Apr 17, 2024
EUROATLANTIC AIRWAYS, Portugal secured capital injection from controlling stakeholder NJORD I-JET AVIATION to optimize performance improvements and expand fleet of five 767s/777s to meet demand for ACMI and charter services.
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UNITED AIRLINES

Apr 17, 2024
UNITED AIRLINES had $124m net loss on $12.5b revenues in 1Q24 vs $194 loss on $11.4b in 1Q23. It has converted several MAX 10s to MAX 9s for 2025-2027 and agreed to lease 35 LEAP-powered A321neos from two undisclosed lessors from 2026/27; it now expects to take delivery of 61 narrowbodies (and five widebodies) in 2024 vs original 183.
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CMA CGM AIR CARGO

Apr 17, 2024
CMA CGM AIR CARGO expects to take delivery of two 777Fs in 2Q/4Q24 (to be operated by ATLAS AIR) to launch transpacific services; it also expects another 777F in 2025 and eight A350Fs in 2026/27. It has two 777Fs/three A330Fs.
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AEGEAN

Apr 17, 2024
AEGEAN, Greece is converting four A321neos on order to A321XLRs; it now has 22 A321neos on order for 2024-2028.
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AIR CANADA

Apr 17, 2024
AIR CANADA is expected in June/July to wet-lease (ACMI) a 767-300ER from Omni Air International for Toronto-SFO.
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EASTERN AIRLINES

Apr 17, 2024
EASTERN AIRLINES was approved by US Bankruptcy Court to acquire assets of AERO TECH MIAMI and iAERO AIRWAYS, including 27 737CLs and two 737NGs, for $71.2 million. iAero has now filed for liquidation, converting to Chapter 7.
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LONDON HEATHROW

Apr 17, 2024
LONDON HEATHROW handled 6.7m pax in March, up 8% vs March 2023.
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FRANKFURT AIRPORT

Apr 17, 2024
FRANKFURT AIRPORT handled 4.6m pax in March, up 7.8% vs March 2023.
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AZORRA

Apr 17, 2024
AZORRA, FL completed novation of two A330-200s (leased to ITA AIRWAYS) and now has 100 aircraft in portfolio.
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EASYJET

Apr 19, 2024
EASYJET earned (EBITDAR) £15m on £3.3b revenues for six months ended March 31 vs £69m loss on £2.7b a year ago.
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SMARTLYNX AIRLINES

Apr 19, 2024
SMARTLYNX AIRLINES is investing >€6m to upgrade its A320/A321 cabin interiors with new RECARO seats, plus increased frequency in replacing carpeting and seat covers. It is also increasing its cabin maintenance workforce.
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SAS

Apr 19, 2024
SAS sold new LEAP-powered A320neo (11759) to Aviation Capital Group for leaseback as part of multi-aircraft deal.
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AJET

Apr 19, 2024
AJET plans late May/early June to begin weekly Munich-Kayseri/-Samsun/-Trabzon (737-800).
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CAAC

Apr 19, 2024
CAAC reports airports in China handled 180m pax in 1Q24, up 37.7% vs 1Q23; air cargo increased 34.4%.
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NORSE ATLANTIC AIRWAYS

Apr 19, 2024
NORSE ATLANTIC AIRWAYS plans October 28 to begin thrice-weekly London Gatwick-Cape Town (787).
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AIR ALGERIE

Apr 19, 2024
AIR ALGERIE wet-leased (ACMI) A320-200 (4247) from Fly2Sky for operation out of Algiers through October 2024.

Business Aviation

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AIR CENTER SAN DIEGO

Apr 16, 2024
AIR CENTER SAN DIEGO acquired FBO assets of SAN DIEGO JET CENTER at Brown Field Municipal Airport. It is now building new facility at airport with 14.400 sq ft FBO terminal and 74,000 sq ft hangar complex for completion in 2H25.
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GLOBAL JET CAPITAL

Apr 16, 2024
GLOBAL JET CAPITAL, CT completed its BJETS 2024-1 securitization, raising $575m, its seventh ABS offering.
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US DOT

Apr 17, 2024
US DOT says US domestic air fares averaged $385 in 4Q23, up 4.6% vs 3Q23 and down 9.6% from 4Q19.
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ACI

Apr 17, 2024
ACI says Atlanta, Dubai, DFW, London Heathrow, Tokyo Haneda, Denver, Istanbul, LAX, Chicago O'Hare and New Delhi were the top 10 busiest pax airports in 2023; Hong Kong, Memphis, Shanghai and Anchorage handled the most cargo.
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JETSMART

Apr 17, 2024
JETSMART, Chile took delivery of A320neo (11765) with GTFs on lease from GOAL as part of 6-aircraft deal.
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VOLOTEA

Apr 17, 2024
VOLOTEA, Spain leased ex-VietJet A320-200 (3646) with CFM56s from Avolon.
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BREEZE AIRWAYS

Apr 17, 2024
BREEZE AIRWAYS took delivery of new A220-300 (55271) on lease from AerCap. It now has 23 A220s.
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LION AIR

Apr 17, 2024
LION AIR leased ex-Sriwijaya Air 737-900ER (41712) from Aergo Capital.
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SPIRIT AIRLINES

Apr 17, 2024
SPIRIT AIRLINES sold fifth A320neo (11900) to Fuyo for leaseback, completing deal for five; ALM manages aircraft.
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AIRBORNE CAPITAL

Apr 17, 2024
AIRBORNE CAPITAL secured $100m in financing from Investec Aviation Finance, secured by five narrowbodies.
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NOMAD AVIATION

Apr 17, 2024
NOMAD AVIATION, Zurich is adding a 14-pax G650ER to its VIP charter fleet, joining a G450, Global 5000 and ACJ319.

MRO

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KANSAS MODIFICATION CENTER

Apr 16, 2024
KANSAS MODIFICATION CENTER, STRATOS INDUSTRIES and INTEGRATED AEROSPACE ALLIANCE formed partnership to build three widebody hangars in Morocco for converting 777-300ERs to freighters (up to eight per year).
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SANAD GROUP

Apr 16, 2024
SANAD GROUP has 5-year, $145m contract extension from Asiana to provide V2500 maintenance for its A321s.
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RAMCO SYSTEMS

Apr 16, 2024
RAMCO SYSTEMS was selected to provide its aviation software suite for Korean Air's Engine Maintenance Center, replacing multiple legacy systems.
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ITP AERO

Apr 16, 2024
ITP AERO was selected by Honeywell to establish an F124-GA-200 service center at Ajalvir, Spain.
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THE AVIATION CIRCULARITY CONSORTIUM

Apr 16, 2024
THE AVIATION CIRCULARITY CONSORTIUM was formed by Nandina REM, Jamco America, Qantas, Sumitomo, Titan Leasing and Vaupell for recycling material from dismantled aircraft, bridging gap to other manufacturing industries.
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4THRUST

Apr 16, 2024
4THRUST, Poland was certified by EASA to provide A330 maintenance, it first widebody aircraft type.
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AJW GROUP

Apr 17, 2024
AJW GROUP signed groundbreaking logistics contracts with Expeditors, GBA Global Solutions, and GB Malpensa to accelerate implementation of a modern logistics model by integrating cutting-edge technology for enhanced efficiency.
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TGIS AVIATION

Apr 17, 2024
TGIS AVIATION received CAMO approval from UK CAA.
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EFW

Apr 17, 2024
EFW expects to deliver 25 A330P2Fs in 2024 vs 11 in 2023.
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HAECO

Apr 17, 2024
HAECO extended China Airlines deal to provide inventory technical management services, including component pooling and repair management, for 10 777-300ERs/10 777Fs through 2032, plus landing gear overhaul for the 10 777-300ERs.
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SWISS-AS

Apr 19, 2024
SWISS-AS says SCAT Airlines went live with its AMOS MRO software.
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WHEELS UP

Apr 19, 2024
WHEELS UP plans by end 2024 to open business aircraft maintenance facility at Palm Beach International Airport, resulting in closure existing facilities at Cincinnati and Broomfield, CO and relocation of resources from Ft. Lauderdale.
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CZECH AIRLINES TECHNICS

Apr 19, 2024
CZECH AIRLINES TECHNICS earned CZK64m in 2023 vs CZK19m in 2022; it completed 76 base maintenance job orders.
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RIMBUN AIR

Apr 19, 2024
RIMBUN AIR, Indonesia is reportedly evaluating a 737-900ER freighter conversion program.

Who'sNews

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WHO'SNEWS: GLOBAL AIRLINES

Apr 16, 2024
Dan Horner to Head of Finance of Global Airlines, UK.
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WHO'SNEWS: AIRKENYA

Apr 16, 2024
John Kimondo to Chief Executive Officer of AirKenya.
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WHO'SNEWS: JET ACCESS

Apr 16, 2024
David Richter to Executive Vice President of Managed Aircraft Sales of Jet Access, Indianapolis.
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WHO'SNEWS: EMP

Apr 16, 2024
Jochen Baltes to Managing Director of EMP Structured Assets, Munich.
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WHO'SNEWS: BRACALENTE MANUFACTURING GROUP

Apr 17, 2024
Chris Lampitoc to Director of Global Sales and Marketing of Bracalente Manufacturing Group, PA.
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WHO'SNEWS: PLAY

Apr 17, 2024
Sigurður Örn to Chief of Business Development of PLAY, Iceland.
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WHO'SNEWS: EuroATLANTIC AIRWAYS

Apr 17, 2024
Stewart Higginson to Chairman and Chief Executive Officer of euroAtlantic Airways, Portugal.
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WHO'SNEWS: ONTIC

Apr 17, 2024
Jack Karapetyan to Vice President/General Manager-Global MRO Operations of Ontic, CA.