Subscription Required

 

SpeedNews - May 3, 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

EMBRAER

Apr 29, 2024
EMBRAER plans to invest US$390m in 2024 in eVTOL research/development, expansion of aeronautical services, including freighter conversions, defense and security, efficiency improvement, and the expansion of industrial activities.
article

HONEYWELL

Apr 29, 2024
HONEYWELL was selected by Lilium to supply propulsion unit position sensors (resolvers) for the Lilium Jet.
article

ARTEMIS AEROSPACE

Apr 29, 2024
ARTEMIS AEROSPACE added new component solutions facility in Singapore.
article

IBC ADVANCED ALLOYS

Apr 29, 2024
IBC ADVANCED ALLOYS announced it will focus on copper alloy production in Franklin, IN, and close its Massachusetts-based beryllium-aluminum alloy plant in mid-2024 due to insufficient demand for cast beryllium-aluminum alloy products.
article

AEFP GROUP

Apr 30, 2024
AEFP GROUP, PA acquired TRINITY AEROSPACE, Canada ( sheet metal/machined detail parts and assemblies).
article

JOBY AVIATION

Apr 30, 2024
JOBY AVIATION is expanding its pilot production facility in Marina, CA to more than double its manufacturing footprint starting in 2025 under plan to produce up to 500 aircraft per year; it also rolled out its second production aircraft.
article

MTU AERO ENGINES

Apr 30, 2024
MTU AERO ENGINES had €126m net profit on €1.65b revenues in 1Q24 vs €134m on €1.54b in 1Q23; it has €25.4b backlog.
article

EATON AEROSPACE

Apr 30, 2024
EATON AEROSPACE earned $201m on $871m sales in 1Q24 vs $180m on $803m in 1Q23; y-o-y backlog rose 11%.
article

TRIMAS AEROSPACE

Apr 30, 2024
TRIMAS AEROSPACE earned $7.2m on $67.3m sales in 1Q24 vs $1.4m on $50m in 1Q23.
article

ATI

Apr 30, 2024
ATI had $66.1m net income on $1.04b sales (60% aerospace and defense) in 1Q24 vs $145.7m on $1.06b in 1Q23.
article

EVE AIR MOBILITY

Apr 30, 2024
EVE AIR MOBILITY joined Japan’s Advanced Air Mobility Public-Private Committee to study AAM regulations/policies.
article

ROBINSON HELICOPTER

Apr 30, 2024
ROBINSON HELICOPTER secured FAA approval for new empennage design for 2-seat R22, which includes a symmetric horizontal stabilizer and tailcone; design is now standard on new aircraft and available as a retrofit kit for in-service R22s.
article

MITSUBISHI HEAVY INDUSTRIES

Apr 30, 2024
MITSUBISHI HEAVY INDUSTRIES established a subsidiary in Vietnam.
article

EMBRAER

Apr 30, 2024
EMBRAER named its 10 Suppliers of the Year: DSV, Brazil; NOVELIS, Germany; FASTWORK, Brazil; FACC, Austria; DIEHL AVIATION, Germany; GARMIN; IAE; LIEBHERR, Germany; FOKKER, The Netherlands; and GE AEROSPACE.
article

ALTAIR

May 01, 2024
ALTAIR acquired RESEARCH IN FLIGHT (computational fluid dynamics software).
article

DAE

May 01, 2024
DAE had $69.7m pretax profit on $343.6m revenues in 1Q24 vs $73.5m on $315.2m in 1Q23; it says 100% of its 2024 orderbook has been placed (100% of 737-8s on order for 2025 are placed). It also completed 92 maintenance checks.
article

FAA

May 01, 2024
FAA forecasts US airline enplanements will grow 2.4% per year over next 20 years to 1.32 trillion in 2044 vs 922b in 2023, and projects US mainline jet fleet will increase from 4,832 in 2023 to 6,894 in 2044 and regionals will rise from 1,772 to 2,000. US air cargo traffic will grow 3% per year to 88.8b RTMs in 2044 as freighter fleet will grow to 1,899 aircraft vs 968.
article

HANWHA AVIATION

May 02, 2024
HANWHA AVIATION, Singapore was launched as new engine leasing platform, initially focused on narrowbody aircraft.
article

AIRBUS CANADA

May 02, 2024
AIRBUS CANADA reached agreement with its IAMAW-represented A220 workers at Mirabel on new 5-year CBA.
article

UNICAL ENGINES

May 02, 2024
UNICAL ENGINES launched Serviceable Engine Program that offers serviceable engines for sale or exchange.
article

JOBY AVIATION

May 02, 2024
JOBY AVIATION says it has completed its eVTOL pre-production flight test program and is now focused on the next phase of flight testing, using its production prototype aircraft to prepare for upcoming for-credit flight testing.
article

HOWMET AEROSPACE

May 02, 2024
HOWMET AEROSPACE had $243m net income on $1.8b sales in 1Q24 vs $148m on $1.6b in 1Q23. It is expecting much slower 737 MAX production than expected and it assumes average build rate of 20 per month for full year 2024.
article

AEROX FLUID POWER

May 02, 2024
AEROX FLUID POWER was added to Boeing's Premier Bidder Program.
article

FAA

May 02, 2024
FAA forecasts US airline enplanements will grow 2.4% per year over next 20 years to 1.32 trillion in 2044 vs 922b in 2023, and projects US mainline jet fleet will increase from 4,832 in 2023 to 6,894 in 2044 and regionals will rise from 1,772 to 2,000. US air cargo traffic will grow 3% per year to 88.8b RTMs in 2044 as freighter fleet will grow to 1,899 aircraft vs 968.

Air Transport

article

SAS

Apr 29, 2024
SAS is joining the SkyTeam alliance (effective Sept 1); members serving SAS hubs include Air France, KLM, Delta and MEA.
article

ROYAL JORDANIAN

Apr 29, 2024
ROYAL JORDANIAN had JD8.7m net loss on JD733.3m revenues in 2023 vs JD78.9m loss on JD612.8m in 2022.
article

AIR ASTANA

Apr 29, 2024
AIR ASTANA plans June 15 to begin twice-weekly Astana-Seoul (A321LR).
article

AIR CHINA

Apr 29, 2024
AIR CHINA agreed to order up to 100 C919s (extended-ranged version) for delivery in 2024-2031.
article

TAROM

Apr 29, 2024
TAROM, Romania received EC approval for €95.3m in State aid to finance restructuring plan, which includes fleet renewal.
article

EUROPEAN COMMISSION

Apr 29, 2024
EUROPEAN COMMISSION officially objected to proposed acquisition of AIR EUROPA by IAG over competition concerns.
article

AIRASIA GROUP

Apr 29, 2024
AIRASIA GROUP agreed to reacquire its airline businesses from CAPITAL A in transaction valued at RM6.8b.
article

AIR CHINA

Apr 29, 2024
AIR CHINA had RMB1.7b net loss on RMB40.1b revenues in 1Q24 vs RMB2.9b loss on RMB25.1b in 1Q23.
article

AIR ARABIA MAROC

Apr 29, 2024
AIR ARABIA MAROC leased ex-Peach A320-200 (7080) with CFM56s from BOC Aviation.
article

HAMAD INTL AIRPORT

Apr 29, 2024
HAMAD INTL AIRPORT, Doha handled quarterly record 13.2m pax in 1Q24.
article

MIAT MONGOLIAN AIRLINES

Apr 29, 2024
MIAT MONGOLIAN AIRLINES leased ex-Suparna 787-9 (60322) with GEnx-1Bs from AerCap.
article

LAX

Apr 30, 2024
LAX handled 6.3m pax in March, up 5.1% vs March 2023; cargo fell 4.6%.
article

SINGAPORE CHANGI

Apr 30, 2024
SINGAPORE CHANGI handled 16.5m pax in 1Q24, up 0.5% vs 1Q19.
article

FTAI AVIATION

Apr 30, 2024
FTAI AVIATION had $31.3m net income on $327m revenues in 1Q24 vs $22.6m on $293m in 1Q23.
article

SAS

Apr 30, 2024
SAS sold another new A320neo (12066) to Aviation Capital Group for leaseback as part of multi-aircraft deal (now at 11).
article

PNG AIR

Apr 30, 2024
PNG AIR leased ex-Virgin Australia ATR 72-600 (1025) for six years from Avation, which now has 100% fleet utilization.
article

PATTAYA AIRWAYS

Apr 30, 2024
PATTAYA AIRWAYS, Thailand agreed to lease second ATR 72-500F (742; ex-Air Corsica) from ACIA Aero Leasing.
article

ALC

Apr 30, 2024
ALC increased its senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A. (as administrative agent) from $7.4b to $7.8b from 52 financial institutions; it also extended the final maturity date from May 2027 to May 2028.
article

AIR FRANCE-KLM GROUP

Apr 30, 2024
AIR FRANCE-KLM GROUP had €480m net loss on €6.7b revenues in 1Q24 vs €337m loss on €6.3b in 1Q23; results were impacted by disruption costs and slower cargo business, but it expects promising summer with Olympic Games in Paris.
article

LUFTHANSA GROUP

Apr 30, 2024
LUFTHANSA GROUP had €734m net loss on €7.4b revenues in 1Q24 vs €467m loss on €7b in 1Q23; it says strikes in Germany impacted its earnings by around €350m. It adds that bookings for summer 2024 are up 16% vs a year ago.
article

AAPA

Apr 30, 2024
AAPA members carried 28.2m pax in March, up 37.5% vs March 2023; capacity (ASKs) rose 38.6%. Cargo rose 15.3%.
article

SCOOT

Apr 30, 2024
SCOOT, Singapore took delivery of its second (133) of nine new E190-E2s on lease from Azorra (SPNWS; April 19).
article

BONZA

Apr 30, 2024
BONZA, Australia entered voluntary administration and cancelled all flights between April 30 and May 2 to discuss the ongoing viability of the business and its future going forward. Its fleet of 737-8s has been repossessed by AIP Capital.
article

ANIMAWINGS

Apr 30, 2024
ANIMAWINGS, Romania wet-leased A320-200 (3863) with V2500s from Dan Air, joining A320 (3316) from Aegean.
article

WILLIS LEASE FINANCE

Apr 30, 2024
WILLIS LEASE FINANCE closed $21m JOLCO deal (its third) with a 5% interest loan maturing in March '33 on a LEAP-1B.
article

AIR CANADA

Apr 30, 2024
AIR CANADA leased ex-Singapore A330-300 (1105) with Trent 700s from DAE; second (1427) is due from Marathon.
article

ICELANDAIR

Apr 30, 2024
ICELANDAIR took delivery of new 737-8 (61812) on lease from BOC Aviation.
article

CORENDON DUTCH AIRLINES

Apr 30, 2024
CORENDON DUTCH AIRLINES took delivery of new 737-9 (66358) on lease from ALC.
article

HELLOJETS

Apr 30, 2024
HELLOJETS, Romania leased ex-Corendon Dutch 737-800 (35795) from Macquarie AirFinance.
article

GALISTAIR MALTA

Apr 30, 2024
GALISTAIR MALTA leased ex-Airhub A330-300 (769) with CF6s from World Star Aviation.
article

AIR CAIRO

Apr 30, 2024
AIR CAIRO leased ex-Alaska A320-200 (3656) with CFM56s from FTAI Aviation.
article

AERCAP

May 01, 2024
AERCAP had $604.2m net income on $2b revenues in 1Q24 vs $435.3m on $1.9b in 1Q23; it has owned, managed and committed fleet of 3,427 aircraft, engines and helicopters. It repurchased 4.3m shares at average price of $77.89 each.
article

AIR FRANCE GROUP

May 01, 2024
AIR FRANCE GROUP lost €249m in 1Q24 (vs €181m loss in 1Q23) on 2.8% higher revenues; it has 256 aircraft.
article

API

May 01, 2024
API, NY was selected by SkyWest to provide crew management solutions.
article

AUSTRIAN AIRLINES

May 01, 2024
AUSTRIAN AIRLINES lost €124m in 1Q24 (vs €73m loss in 1Q23) on 1% higher revenues; enplanements rose 11%.
article

AVIANCA GROUP

May 01, 2024
AVIANCA GROUP had $13m net income in 1Q24 on 16.4% higher y-o-y revenues (pax revenues +22.2%); it carried 9.3m pax, up 37.5% vs a year ago on 26.1% higher capacity and ended the quarter with 128 A320 Family aircraft and 13 787s.
article

BRUSSELS AIRLINES

May 01, 2024
BRUSSELS AIRLINES lost €58m in 1Q24 (vs €44m loss in 1Q23) on 3% higher revenues; enplanements rose 4%.
article

CDB AVIATION

May 01, 2024
CDB AVIATION purchased one A330-900, two A321neos and one A320ceo from Avolon; all four have leases attached.
article

EUROWINGS

May 01, 2024
EUROWINGS lost €137m in 1Q24 (vs €104m loss in 1Q23) on 28% higher revenues; enplanements rose 20%.
article

FROST

May 01, 2024
FROST secured its AOC for startup of on-demand charters/corporate shuttles out of Copenhagen with four Saab 2000s.
article

IATA

May 01, 2024
IATA reports year-over-year global pax traffic was up 13.8% in March on 12.3% higher capacity; cargo rose 10.3%.
article

KLM GROUP

May 01, 2024
KLM GROUP lost €290m in 1Q24 (vs €127m loss in 1Q23) on 8.5% higher revenues; it has 176 aircraft.
article

LUFTHANSA AIRLINES

May 01, 2024
LUFTHANSA AIRLINES lost €641m in 1Q24 (vs €381m loss in 1Q23) on 4% higher revenues; enplanements rose 10%.
article

SWISS

May 01, 2024
SWISS earned €33m in 1Q24 (vs €77m in 1Q23) on 11% higher revenues; enplanements rose 17%.
article

TRUENOORD

May 01, 2024
TRUENOORD agreed to acquire eight more aircraft (seven E190s/one Dash 8-400) from NAC, increasing its fleet to 94.
article

AVELO AIRLINES

May 02, 2024
AVELO AIRLINES opened its sixth aircraft base at Sonoma County, CA, launching new service to Salem, OR; Boise, ID; Pasco, WA; and Kalispell, MT. It currently operates fleet of 16 737NGs and currently serves 52 destinations in US/Puerto Rico.
article

FRONTIER AIRLINES

May 02, 2024
FRONTIER AIRLINES had $26m net loss on $865m revenues in 1Q24 vs $13m loss on $848m in 1Q23; it has 142 aircraft.
article

AIR CANADA

May 02, 2024
AIR CANADA had $81m net loss on $5.2b revenues in 1Q24 vs $4m profit on $4.9b in 1Q23. It says it is in process of arranging lease agreements for some additional 737-8s for delivery in 2024 to enter service in 2025 after reconfiguration.
article

ROYAL JORDANIAN

May 02, 2024
ROYAL JORDANIAN took delivery of third new E190-E2 (129; 1,800th E-Jet) on lease from Azorra as part of deal for six.
article

NAVBLUE

May 02, 2024
NAVBLUE reports Republic Airways launched its N-Flight Planning solution.
article

AVATION

May 02, 2024
AVATION ordered 10 more ATR 72-600s for 2025-2028 and now has 12 on order; deal includes purchase rights for 24.
article

AVOLON

May 02, 2024
AVOLON had $107m net profit on $621m lease revenue in 1Q24 vs $56m on $599m in 1Q23. It ended the quarter with owned/managed/committed fleet of 1,033 aircraft on lease to 145 airlines in 64 countries and $6.6b of liquidity.
article

TEXEL AIR

May 02, 2024
TEXEL AIR, Bahrain leased 737-800BCF (29374; ex-Air China) from AerCap.
article

PIVOT AIRLINES

May 02, 2024
PIVOT AIRLINES, Canada leased its first CRJ200 (7923; ex-Delta) from Alberta Aviation Capital, joining Dash 8-100.
article

WILLIS LEASE FINANCE

May 02, 2024
WILLIS LEASE FINANCE had $20.9m net income on $119.1m revenues in 1Q24 vs $4.4m on $89.5m in 1Q23. It has 337 engines (vs 341 a year ago), 14 aircraft (vs 13), a marine vessel and leased parts and equipment worth $2.27b.
article

BBN AIRLINES NORDIC (BLUEBIRD NORDIC)

May 02, 2024
BBN AIRLINES NORDIC (Bluebird Nordic) voluntarily surrendered its Icelandic AOC and terminated all operations.
article

GLOBAL AIRLINES

May 02, 2024
GLOBAL AIRLINES ferried its first A380 (120; ex-China Southern) from Mojave to Glasgow Prestwick in partnership with Hi Fly in preparation for startup following interior refurbishment and development of maintenance structure at airport.
article

ASL AVIATION

May 02, 2024
ASL AVIATION, Ireland placed deposit-backed order for 30 Cessna Caravan autonomous flight systems from Reliable Robotics, securing early delivery.
article

MALDIVIAN

May 02, 2024
MALDIVIAN sold new ATR 42-600 (1601) to Abelo, and leased it back; aircraft is due to enter service by end of May.
article

AMERICAN AIRLINES

May 02, 2024
AMERICAN AIRLINES plans in 2H24 to suspend several long-haul routes (JFK-Athens/-Barcelona, Chicago-Paris CDG, Philadelphia-Venice and DFW-Dublin/-Rome), it says earlier than planned due to delayed deliveries of 787s from Boeing.

Business Aviation

article

D&J AVIATION

Apr 30, 2024
D&J AVIATION, CO was selected by SmartSky as sales and installation partner. It completed a first-article installation of LITE system on a King Air C90 (STC expected soon) and working first-of-type installation on a Citation Encore 560.
article

PRIMA AIR

Apr 30, 2024
PRIMA AIR is opening operations center in Hong Kong through a strategic partnership with the Hong Kong Business Aviation Center (HKBAC). It operates a 737, two G650s, 10 GVs, a GIV, and a Global 5000 through Pegasus Elite Aviation.
article

JETS MRO

Apr 30, 2024
JETS MRO formed partnership with AIRCRAFT CUSTOM INTERIORS to offer customized refurb/fabrication solutions for corporate aircraft interiors; deal is part of plan to become one-stop shop for aircraft at 40,000 sq ft facility in Dallas.
article

CAMP SYSTEMS

May 01, 2024
CAMP SYSTEMS acquired AVINODE GROUP, Sweden (SaaS solutions for business aviation industry).
article

FAA

May 01, 2024
FAA forecasts US fixed-wing GA turbine fleet will grow from 27,355 aircraft (16,570 jets) in '23 to 41,580 (28,325) in 2044.
article

NETJETS

May 01, 2024
NETJETS ordered 12 Challenger 3500s and optioned 232 in potential $6b deal that was signed in December 2023.
article

SHELTAIR

May 01, 2024
SHELTAIR broke ground on new FBO at Sarasota Bradenton, FL, with two hangars totaling >45,000 sq ft, to open 4Q25.
article

MAXCRAFT AVIONICS

May 02, 2024
MAXCRAFT AVIONICS, Canada was selected by Air Tindi to retrofit its six Dash-7s with new GARMIN flight deck.
article

BOMBARDIER

May 02, 2024
BOMBARDIER inaugurated $670m, 770,000 sq ft Global manufacturing facility at Toronto Pearson, replacing Downsview.
article

TEXTRON AVIATION

May 02, 2024
TEXTRON AVIATION opened 180,000 sq ft Beechcraft, Cessna and Hawker parts distribution facility in Wichita.

Defense

article

BOEING

Apr 29, 2024
BOEING has assumed operations/capabilities of GKN Aerospace's facility in St. Louis, which produces critical parts for the F/A-18 and F-15 programs.

MRO

article

LUFTHANSA TECHNIK

Apr 30, 2024
LUFTHANSA TECHNIK earned €116m on €1.8b revenues in 1Q24 vs €135m on €1.5b in 1Q23; it says weaker results were due to effects of strikes in Germany and continuing difficulties in the materials supply chain, including high prices.
article

EASYJET

Apr 30, 2024
EASYJET agreed to acquire SR TECHNICS MALTA (6-bay, 40,000 sq meter narrowbody maintenance facility).
article

STANDARDAERO

Apr 30, 2024
STANDARDAERO began $33m, 80,500 sq ft expansion at Augusta, GA that includes new hangar/engine shop for 2025.
article

AFI KLM E&M

May 01, 2024
AFI KLM E&M earned €28m in 1Q24 vs €15m in 1Q23; revenues rose 32.1% to €1.2b (third party revenues rose 43.4%).
article

PRATT & WHITNEY CANADA

May 01, 2024
PRATT & WHITNEY CANADA has 6-year TAAG Angola Airlines contract to provide fleet management program for its PW150As (for six Dash 8-400s) in deal that includes oil-analysis technology and FAST diagnostic and prognostic solution.
article

SKYWAYS TECHNICS

May 01, 2024
SKYWAYS TECHNICS acquired ex-Sky Express ATR 42-500 (534)/ex-Aeromar ATR 72-600 (1086) from Falko for part out.
article

TDA

May 01, 2024
TDA, The Netherlands acquired ex-Malawi Airlines 737-700 (30687) for part out by ECUBE at St. Athan, Wales.
article

EXECUJET MRO SERVICES MALAYSIA

May 02, 2024
EXECUJET MRO SERVICES MALAYSIA opened new 149,500 sq ft facility at Subang Airport, doubling current capacity.
article

SAFRAN HELICOPTER ENGINES

May 02, 2024
SAFRAN HELICOPTER ENGINES has DRF Luftrettung contract to support >90 Arriel 2Es for H145s on SBH basis.
article

WEINBERG CAPITAL GROUP

May 02, 2024
WEINBERG CAPITAL GROUP acquired AVIOCRAFT, AZ (aircraft accessory MRO) to compliment Salt River Aviation.

WHO'SNEWS

article

WHO'SNEWS: SPAIRLINERS

Apr 29, 2024
Abdelouahab El Fettouhi to Managing Director and Chief Executive Officer of Spairliners, Germany.
article

WHO'SNEWS: COLLINS AEROSPACE

Apr 30, 2024
Phill Godfrey to Chief Sustainability Officer of Collins Aerospace.
article

WHO'SNEWS: BYE AEROSPACE

Apr 30, 2024
Rod Zastrow to President and Chief Executive Officer of Bye Aerospace, Denver.
article

WHO'SNEWS: NOMAD TECHNICS

Apr 30, 2024
Thomas Gierlich to Chief Executive Officer of Nomad Technics, Switzerland.
article

WHO'SNEWS: ST ENGINEERING

Apr 30, 2024
Jeffrey Lam to Group Chief Operating Officer of ST Engineering, Singapore.
article

WHO'SNEWS: VERTICAL AEROSPACE

May 01, 2024
Stuart Simpson to Chief Executive Officer of Vertical Aerospace, London.
article

WHO'SNEWS: GULFSTREAM AEROSPACE

May 01, 2024
Anthony Newlin to Senior Vice President and Chief Information Officer of Gulfstream Aerospace, Savannah (effective May 31).
article

WHO'SNEWS: HIGH PERFORMANCE MATERIALS AND COMPONENTS (HPMC)

May 02, 2024
Netta Washington to Executive Vice President-High Performance Materials and Components (HPMC) of ATI, Dallas.
article

WHO'SNEWS: HANWHA AVIATION

May 02, 2024
Jeff Lewis to Chief Executive Officer of Hanwha Aviation, Singapore.
article

WHO'SNEWS: AVIATION CAPITAL GROUP

May 02, 2024
Rob Downes to Senior Vice President and Chief Investment Officer of Aviation Capital Group, CA.
article

WHO'SNEWS: AVIATION CAPITAL GROUP

May 02, 2024
John Nally to Vice President-Head of Aircraft Trading of Aviation Capital Group, CA.
article

WHO'SNEWS: AERO CAPITAL SOLUTIONS

May 02, 2024
Julien Basset to Senior Vice President of Sales for Asia-Pacific, based in Singapore, of Aero Capital Solutions.
article

WHO'SNEWS: OMAN AIR

May 02, 2024
Con Korfiatis to Chief Executive Officer of Oman Air.