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Aerospace

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ARCLINE INVESTMENT MANAGEMENT

Apr 23, 2024
ARCLINE INVESTMENT MANAGEMENT completed acquisition of KAMAN for $1.8b cash (SPNWS; January 26).
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AURA AERO

Apr 23, 2024
AURA AERO, France received EASA approval to begin flight testing its all-electric, 2-seat INTEGRAL E.
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HARBOUR AIR

Apr 23, 2024
HARBOUR AIR signed LOI with magniX to purchase 50 magni650 electric engines for retrofit on its fleet of 45 aircraft, beginning with the De Havilland DHC-2 Beaver in 2026; the magni650s will also be used for third-party conversions.
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EMBRAER

Apr 23, 2024
EMBRAER delivered seven commercial jets (three E1s/four E2s) in 1Q24 vs seven (five/two) in 1Q23, and now has 381 on backlog. It also delivered 18 business jets (11 Phenoms/seven Praetors) in 1Q24 vs eight (six/two) in 1Q23.
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SAFRAN

Apr 23, 2024
SAFRAN launched GENeUSCONNECT line of high-power electrical harnesses for all-electric and/or hybrid aircraft.
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MICRO-ANT

Apr 23, 2024
MICRO-ANT, FL says its HGA Iridium Certus 700 airborne antenna for aviation industry (uses 66 Low-Earth Orbit (LEO) satellites) passed key test.
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LAUNCH

Apr 23, 2024
LAUNCH signed LOI to acquire TALENTSCALE, NV (staffing services for US DOD in support of aircraft integration, MRO, CLS and ILS contracts).
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GE AEROSPACE

Apr 23, 2024
GE AEROSPACE earned $1.5b on $8.1b revenues in 1Q24 vs $1.2b on $7b in 1Q23; order intake rose 34% on heels of Singapore Airshow. It delivered 489 engines (367 LEAPs) and 125 defense engines vs 481 (366) and 80 a year ago.
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PRATT & WHITNEY

Apr 23, 2024
PRATT & WHITNEY earned $412m on $6.5b sales in 1Q24 vs $415m on $5.2b in 1Q23. It delivered 771 engines (232 large commercial; 496 P&WC; 43 military) in 1Q24 vs 708 (167 large commercial; 499 P&WC; 42 military) in 1Q23.
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COLLINS AEROSPACE

Apr 23, 2024
COLLINS AEROSPACE earned $849m on $6.7b sales in 1Q24 vs $897m on $6.1b in 1Q23. It says increase in sales was driven by a 14% increase in commercial aftermarket, 14% increase in commercial OE, and 1% increase in military.
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CRANE AEROSPACE

Apr 23, 2024
CRANE AEROSPACE earned $48m on $226m sales in 1Q24 vs $38m on $180m in 1Q23; backlog rose to $792m.
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HEXCEL COMMERCIAL AEROSPACE

Apr 23, 2024
HEXCEL COMMERCIAL AEROSPACE had $299.3m sales (63% of company total) in 1Q23 vs $284.5m in 1Q23.
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MUIRHEAD

Apr 23, 2024
MUIRHEAD unveiled 'Sensation' collection of neurodiverse-friendly aircraft seat covers to address common barriers to travel for neurodivergent pax.
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ROBINSON HELICOPTER

Apr 23, 2024
ROBINSON HELICOPTER acquired ASCENT AEROSYSTEMS, MA (coaxial helicopter drones) and says through deal, Ascent can now grow and scale by building UAVs at its vertically integrated manufacturing facility in Torrance, CA.
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BOEING

Apr 25, 2024
BOEING opened new research and technology center in Nagoya, Japan to develop sustainable technologies to support decarbonization of aviation by focusing on digital simulation toolsets, composites, SAF and hydrogen propulsion.
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ZEROAVIA

Apr 25, 2024
ZEROAVIA opened up program to offer its hydrogen-electric engine components to third party clean aviation innovators.
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BOEING

Apr 25, 2024
BOEING is working on plan (for implementation in 2025) to fully integrate former AVIALL and KLX businesses into single unit under Global Services.
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HONEYWELL

Apr 25, 2024
HONEYWELL says its Fischer-Tropsch (FT) Unicracking technology can take liquids and waxes from processed biomass to produce aviation SAF.
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BOEING

Apr 25, 2024
BOEING had $355m net loss on $16.6b revenues in 1Q24 vs $425m loss on $17.9b in 1Q23, reflecting lower 737 deliveries and 737-9 grounding customer considerations (BCA had -24.6% operating margin). It has $528.7b backlog.
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BOEING

Apr 25, 2024
BOEING says key to restoring MAX production from less than 38 per month to 50 is ensuring fuselages delivered from Wichita are clean, following on-site inspections, eliminating travel work; its first objective is to get back to 38 per month. It also plans by end of 2024 to deliver most of the MAX (110 aircraft) and 787 (60) inventories and shut down shadow factories.
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PARKER AEROSPACE

Apr 25, 2024
PARKER AEROSPACE joined HyFIVE consortium of industry and academic partners to develop liquid hydrogen fuel system and supply chain supporting zero-emission aviation in the 2030s; committed program funding totals US$46.5m.
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BOEING

Apr 25, 2024
BOEING is investing C$17m in SIIT (Saskatchewan Indian Institute of Technologies) to advance aerospace training and education in provence.
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HONEYWELL AEROSPACE TECHNOLOGIES

Apr 26, 2024
HONEYWELL AEROSPACE TECHNOLOGIES earned $1b on $3.7b sales in 1Q24 vs $827m on $3.1b in 1Q23.
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AVTECH SWEDEN

Apr 26, 2024
AVTECH SWEDEN has 1-year deal with Air Caraïbes and French bee for its Aventus wind uplink service from Jan '24.
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LATAM AIRLINES GROUP

Apr 26, 2024
LATAM AIRLINES GROUP entered into Perpetual Power Agreement with FTAI Aviation that includes comprehensive engine power solution for CFM56s and V2500s via engine exchange program and a SLB transaction for >30 aircraft.
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BOEING

Apr 26, 2024
BOEING says 787 production (now
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LOAR

Apr 26, 2024
LOAR made IPO of 11m shares on NYSE at $28 each; offering is to close on April 29 and includes 30-day option for underwriters to purchase an additional 1.65m shares. Jefferies and Morgan Stanley are acting as lead book runners.
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INTERCONNECT SOLUTIONS

Apr 26, 2024
INTERCONNECT SOLUTIONS (ISC) has acquired CABLENET AEROSPACE, CO (cables), advised by SDR Ventures.
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VOLTAERO

Apr 26, 2024
VOLTAERO began certification testing of its electric-hybrid powertrain (Safran Electrical & Power’s ENGINeUS 100 smart electric motor integrated with Kawasaki’s 4-cylinder high-performance thermal engine) for the 5-seat Cassio 330.
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AIRBUS

Apr 26, 2024
AIRBUS had €595m net income on €12.8b revenues in 1Q24 vs €466m on €11.8b in 1Q23; it confirmed plan to deliver about 800 aircraft in 2024. It also announced plans to increase A350 production to 12 per month in 2028 in addition to ramping up to 14 A220s per month and 75 A320 Family aircraft per month in 2026 (still targeting four A330s/month in '24).

Air Transport

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AIR CÔTE D'IVOIRE

Apr 23, 2024
AIR CÔTE D'IVOIRE acquired two ex-Avianca A319s (7284/7318) from AFG Aviation Ireland (SPNWS; April 19).
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UZBEKISTAN AIRWAYS

Apr 23, 2024
UZBEKISTAN AIRWAYS leased ex-Bamboo A320neo (9132) with LEAPs from BOC Aviation.
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VOLOTEA

Apr 23, 2024
VOLOTEA, Spain leased ex-Air Corsica A320-200 (3325) with CFM56s from DAE Capital.
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CITYJET

Apr 23, 2024
CITYJET, Ireland leased ex-Hibernian CRJ1000 (19020) from HEH Aviation.
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TRANSAVIA

Apr 23, 2024
TRANSAVIA took delivery of third A321neo (11891) with LEAPs from ALC as part of deal for seven (SPNWS; Dec 22).
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GETJET AIRLINES

Apr 23, 2024
GETJET AIRLINES, Lithuania leased ex-Tus Airways A320-200 (2768) with CFM56s from AerCap.
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SKYWORKS

Apr 23, 2024
SKYWORKS reports in 1Q24 it arranged sale of two A321-200s (leased to AEGEAN) on behalf of Sierra Echo Aircraft Leasing and extended lease of one A319 wih BANGKOK AIRWAYS on behalf of a North American financial institution.
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US DOT

Apr 23, 2024
US DOT says US scheduled pax airlines employed 537,488 workers in February vs 753,382 in (pre-pandemic) Feb 2020.
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SPIRIT AIRLINES

Apr 23, 2024
SPIRIT AIRLINES opened new corporate campus on 11 acres at Dania Beach, FL, which includes 180,000 sq ft support center and training center.
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WESTJET

Apr 23, 2024
WESTJET purchased first SAF supplied in Canada by SHELL AVIATION.
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BAA TRAINING

Apr 23, 2024
BAA TRAINING (Avia Solutions Group) was selected by Luxair to provide pilot training at Lleida-Alguaire, Spain through an ATPL Integrated program.
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FINNAIR GROUP

Apr 23, 2024
FINNAIR GROUP lost €11.6m on €681.5m revenues in 1Q24 vs €0.9m profit on €694.7m in 1Q23; Finnair has 55 aircraft.
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JETBLUE

Apr 23, 2024
JETBLUE had $716m net loss on $2.2b revenues in 1Q24 vs $192m loss on $2.3b in 1Q23; y-o-y capacity fell 2.7%.
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SILVER AIRWAYS

Apr 23, 2024
SILVER AIRWAYS has eclipsed 76,000 flight hours/2.1m pax with its ATR fleet of 14 aircraft over last five years.
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LUFTHANSA CITY AIRLINES

Apr 23, 2024
LUFTHANSA CITY AIRLINES plans to launch operations on June 26 at Munich with four A319s, serving Berlin, Hamburg, Bremen, Düsseldorf, Cologne, Hanover, Birmingham, Bordeaux and Manchester; it will transition fleet to 60 A220s.
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NAV CANADA

Apr 25, 2024
NAV CANADA reports y-o-y traffic increase of 4.1% in March 2024.
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HAWAIIAN AIRLINES

Apr 25, 2024
HAWAIIAN AIRLINES had $137.6m net loss on $646m revenues in 1Q24 vs $98.3m loss on $613m in 1Q23; it has $1.15b liquidity and says year is off to positive start after rolling out Starlink WIFI and taking delivery of its first 787.
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KOREAN AIR

Apr 25, 2024
KOREAN AIR completed first comprehensive urban air mobility (UAM) operations demonstration (at Goheung Aviation Test Center in South Jeolla Province) using 5G aviation network to link Supernal (Hyundai) eVTOL with operating system.
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KENYA AIRWAYS

Apr 25, 2024
KENYA AIRWAYS took delivery of second 737-800SF (28235; ex-Caribbean) on lease from GA Telesis (SPNWS; Feb 23).
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AIR INDIA

Apr 25, 2024
AIR INDIA agreed to sell seven 737-8s to SMBC Aviation Capital for leaseback; first (60916) was delivered.
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CONDOR

Apr 25, 2024
CONDOR took delivery of its first new GTF-powered A320neo (12031) under plan to renew short- and medium-haul fleet that includes the addition of 41 aircraft, including 13 A320neos and 28 A321neos (first (12006) in June), through 2029.
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BBN AIRLINES

Apr 25, 2024
BBN AIRLINES, Türkiye leased ex-Vueling A320-200 (2747) with V2500s from AerCap.
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SAS

Apr 25, 2024
SAS plans to complete restructuring in mid-2024 and start developing future fleet plans (beyond two A350s and seven A320neos on order) to build on four A350-900s, eight A330-300s, 88 A320ceos/neos, and 10 E195s now in service.
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FRONTIER

Apr 25, 2024
FRONTIER plans to begin San Juan, PR-Santiago de los Caballeros, DR on June 14 and -Barbados on July 5 (A320).
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AJW GROUP

Apr 25, 2024
AJW GROUP acquired ex-Kalair 787-9 (37109) with GEnx-1Bs; aircraft is now stored in Cotswold undergoing CAMO.
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PATTAYA AIRWAYS

Apr 25, 2024
PATTAYA AIRWAYS, Thailand leased converted ATR 72-500F (745; ex-Air Corsica) from ACIA Aero Leasing for startup.
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SOUTHWEST

Apr 25, 2024
SOUTHWEST finalized new 4-year contract with its TWU-represented flight attendants; deal includes 22.3% raise, plus an additional $364m in retroactive wages based on service time, making its flight attendants highest paid in industry.
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AMERICAN AIRLINES

Apr 26, 2024
AMERICAN AIRLINES had $312m net loss on record $12.6b revenues in 1Q24 vs $10m profit on $12.2b in 1Q23. It reduced total debt by nearly $950m and has cut >$12b of its goal of reducing total debt by $15b by the end of 2025.
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SOUTHWEST AIRLINES

Apr 26, 2024
SOUTHWEST AIRLINES had $231m net loss on record $6.3b revenues in 1Q24 vs $159m loss on $5.7b in 1Q23; it has $11.5b in total liquidity. It says based on Boeing delivery delays, it now projects to take 20 737-8s in 2024 instead of 46, reducing planned retirements to 35 (31 -700s/four -800s) from 49 (45 -700s/four -800s), ending year with 802 aircraft.
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ARCHER

Apr 26, 2024
ARCHER signed multi-hundred-million dollar framework agreement to accelerate commercial air taxi operations across the UAE, to launch as soon as 2025 with Midnight eVTOL, including in-country manufacturing, operations and training.
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ALASKA AIRLINES

Apr 26, 2024
ALASKA AIRLINES plans October 1 to begin San Diego-Las Vegas and LAX-Pasco, WA/-Reno, NV (737/E-Jet).
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AIRCASTLE

Apr 26, 2024
AIRCASTLE had $83.3m net income on $855m revenues for year ended Feb 29 vs $62.8m on $796m a year ago and ended fiscal year with 243 owned/nine managed aircraft (for Mizuho Leasing) vs 239/nine. It has $3b in liquidity.
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CDB AVIATION

Apr 26, 2024
CDB AVIATION completed 54 aircraft lease transactions in 2023 and ended year with 293 owned/87 committed aircraft.
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GULF AIR

Apr 26, 2024
GULF AIR plans May 29 to begin Bahrain-Guangzhou (787-9).
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INDIGO

Apr 26, 2024
INDIGO, India agreed to order 30 A350-900s for delivery starting in 2027; deal includes purchase rights for another 70.
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TURKISH AIRLINES

Apr 26, 2024
TURKISH AIRLINES agreed to lease one used A330-300 (TBA) from May 2024 from CDB Aviation; deal also includes six new 737-8s for delivery in 2025-2026 for AJET, increasing the total number of aircraft on lease from CDB to 17.

Business Aviation

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DAHER

Apr 23, 2024
DAHER delivered its first new Kodiak 100 Series III utility aircraft in Poland; RHEINLAND AIR SERVICE is distributor.
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AEROMECH

Apr 23, 2024
AEROMECH is developing RVSM STC for Piper M700 Fury to operate at FL 300; it will also be offered as factory option.
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IADA

Apr 23, 2024
IADA reports its accredited dealers completed 253 resale transactions in 1Q24 vs 239 in 1Q23.
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JETHOUSE

Apr 23, 2024
JETHOUSE launched VIP charter operations out of Brussels with a Falcon 7X under Maltese registry.
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GREENPOINT TECHNOLOGIES

Apr 23, 2024
GREENPOINT TECHNOLOGIES, WA inducted a BBJ787-9 for V-VIP interior completion, its seventh 787 completion job.
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GULFSTREAM AEROSPACE

Apr 25, 2024
GULFSTREAM AEROSPACE announced it has delivered the first two G700s, which are now in service.
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ELEVATE AVIATION GROUP

Apr 25, 2024
ELEVATE AVIATION GROUP announced strategic initiative to provide exclusive access to fleet of Dash 8s in North America.
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GENERAL DYNAMICS AEROSPACE

Apr 25, 2024
GENERAL DYNAMICS AEROSPACE earned $255m on $2.1b sales in 1Q24 vs $229m on $1.9b in 1Q23, ending quarter with $20.5b backlog vs $19.3b a year ago. GULFSTREAM delivered 24 (21 large cabin) business jets in 1Q24 vs 21 (17).
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BOMBARDIER

Apr 26, 2024
BOMBARDIER had $110m net income on $1.3b revenues in 1Q24 vs $302m on $1.5b in 1Q23 and ended quarter with $14.9b backlog vs $14.2b at end 2023. It delivered 20 business jets (eight large) vs 22 (14), and plans 150-155 in 2024.
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TEXTRON AVIATION

Apr 26, 2024
TEXTRON AVIATION earned $143m on $1.2b revenues in 1Q24 vs $125m on $1.1b in 1Q23. It delivered 36 jets/20 commercial turboprops vs 35/34 and has $7.3b backlog. BELL earned $80m on $727m vs $60m on $621m in 1Q23.

Defense

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TEXTRON AVIATION

Apr 23, 2024
TEXTRON AVIATION delivered first two of 64 King Air 260 Multi-Engine Training System (METS) aircraft to US NAVY.
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LOCKHEED MARTIN

Apr 23, 2024
LOCKHEED MARTIN had $1.5b net income on $17.2b sales in 1Q24 vs $1.7b on $15.1b in 1Q23; Aeronautics earned $679m on $6.8b vs $675m on $6.3b. It delivered three F-16s and four C-130Js vs five F-35s, an F-16 and two C-130Js.
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ELECTRA

Apr 25, 2024
ELECTRA has NAVAIR (US Navy) contract to design a ship-based eSTOL logistics aircraft.

MRO

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SAFRAN AIRCRAFT ENGINE SERVICES MOROCCO

Apr 23, 2024
SAFRAN AIRCRAFT ENGINE SERVICES MOROCCO (joint venture between Safran and Royal Air Maroc) is expanding its Nouaceur plant in Casablanca by 2,000 sq meters to increase annual CFM56 shop visits from 70 to 100 by 2026.
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BGS

Apr 23, 2024
BGS extended deal with SkyUp for into-plane fueling at Riga and Tallinn.
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EPIC FLIGHT ACADEMY

Apr 23, 2024
EPIC FLIGHT ACADEMY opened new FAA-certified, $8m, 32,000 sq ft aircraft mechanic school at Cincinnati/Northern Kentucky International.
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FOKKER SERVICES GROUP

Apr 23, 2024
FOKKER SERVICES GROUP has 5-year HAECO ITM contract to provide component support, covering avionics, hydraulics, and pneumatic components across various platforms, out of LaGrange, GA and Amsterdam Schiphol.
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AFI KLM E&M

Apr 23, 2024
AFI KLM E&M signed new contracts with Transavia Netherlands and Transavia France to provide A320neo/A321neo component support and CFM56-7B/LEAP-1A engine support; deal includes repair service, pooling and main base kits.
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AERONAUTICAL ENGINEERS

Apr 25, 2024
AERONAUTICAL ENGINEERS redelivered second 737-800SF (30517; ex-Air China) to Congo's Serve Air, which is expected to increase its fleet to six aircraft; COMMERCIAL JET performed touch labor/maintenance at Dothan, AL.
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BOEING GLOBAL SERVICES

Apr 25, 2024
BOEING GLOBAL SERVICES earned $916m on $5b revenues in 1Q24 vs $847m on $4.7b in 1Q23; it has $20b backlog.
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AFI KLM E&M

Apr 25, 2024
AFI KLM E&M secured component support contracts from Ethiopian Airlines (25 777s) and Air Tanzania (two 737-9s).
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VSE

Apr 25, 2024
VSE completed purchase of TURBINE CONTROLS (engine component/accessory repair) for $120m (SPNWS; Mar 8).

Who'sNews

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WHO'SNEWS: AIRBUS AMERICAS

Apr 23, 2024
Robin Hayes to Chairman and Chief Executive Officer of Airbus Americas, Herndon, VA (effective June 3); Jeff Knittel is retiring.
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WHO'SNEWS: JETBLUE

Apr 23, 2024
Dave Clark to Head of Finance and Strategy of JetBlue.
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WHO'SNEWS: JETBLUE

Apr 23, 2024
Melinda Maher to Vice President-Treasurer and Infrastructure of JetBlue.
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WHO'SNEWS: JETBLUE

Apr 23, 2024
Daniel Shurz to Head of Revenue, Network, and Enterprise Planning of JetBlue.
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WHO'SNEWS: THALES INFLYT EXPERIENCE

Apr 23, 2024
Niels Steenstrup to Chief Executive Officer of Thales InFlyt Experience, Irvine, CA.
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WHO'SNEWS: L2 AVIATION

Apr 25, 2024
Jeff Rex to Chief Revenue Officer of L2 Aviation, TX.