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Aerospace

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ENTROL

Jun 17, 2024
ENTROL sold an en-1000x Sn125 simulator to Ravenair Group, UK.
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BOOM SUPERSONIC

Jun 17, 2024
BOOM SUPERSONIC completed 400,000 sq ft Overture Superfactory manufacturing facility at Piedmont Triad Intl. Airport in Greensboro, NC; initial assembly line can produce 33 aircraft per year (second to be added to double capacity).
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AEROEDGE

Jun 17, 2024
AEROEDGE, Japan opened new LEAP blade production facility at Ashikaga City.
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SKYDRIVE

Jun 17, 2024
SKYDRIVE, Japan submitted type certificate application to FAA for of its three-seat eVTOL through JCAB; it expects to certify aircraft as early as 2026.
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WISK AERO

Jun 17, 2024
WISK AERO has MOU with Houston Airports to identify/assess potential locations for developing vertiport infrastructure at IAH, Hobby and Ellington.
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BOEING

Jun 18, 2024
BOEING is facing additional whistleblower claims that it has installed bad parts on 737 MAXs; it is reviewing situation.
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TEXAS AEROSPACE TECHNOLOGIES

Jun 18, 2024
TEXAS AEROSPACE TECHNOLOGIES has AS9100D and ISO 9001:2015 certs for quality as distributor, PMA manufacturer and engineering firm.
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FLIGHTPATH3D

Jun 18, 2024
FLIGHTPATH3D was selected by Cathay Pacific to provide seatback flight tracking system for use with existing IFE.
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WORLDWIDE FLIGHT SERVICES

Jun 20, 2024
WORLDWIDE FLIGHT SERVICES (WFS) was selected by American Airlines to provide cargo handling at Copenhagen for 787s coming from Philadelphia.
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JOBY AVIATION

Jun 20, 2024
JOBY AVIATION has FAA approval for ElevateOS software suite, developed in-house, to enable high-tempo, on-demand air taxi operations.
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GE AEROSPACE

Jun 20, 2024
GE AEROSPACE is modifying a Passport engine with hybrid electric components for testing through NASA's Hybrid Thermally Efficient Core (HyTEC) project. It is also maturing an integrated, megawatt (MW)-class hybrid electric propulsion system under EPFD program that calls testing modified Saab 340B with CT7s in collaboration with Boeing.
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KOREAN AIR

Jun 20, 2024
KOREAN AIR has 4-year Boeing contract to supply additional 737/767/777/787 fuselage and wing structures starting in 2025; delivery quantities are TBD, but contract is estimated to be worth US$650m based on sales/market projections.
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GE AEROSPACE

Jun 20, 2024
GE AEROSPACE plans in September to open new Services Technology Acceleration Center (STAC) to accelerate the deployment of new inspection and repair processes to its MRO shops globally to improve the inspection of metal parts.
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EMBRAER

Jun 20, 2024
EMBRAER confirmed it currently has no plans to develop a larger commercial aircraft to compete with Airbus and Boeing.

Air Transport

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ANA

Jun 17, 2024
ANA amended effective date of planned acquisition of NIPPON CARGO AIRLINES from July 1, 2024 to March 31, 2025.
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SAS

Jun 17, 2024
SAS began daily Copenhagen-Atlanta (A330/A350).
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DELTA AIR LINES

Jun 17, 2024
DELTA AIR LINES began daily Atlanta-Fresno, CA (737-800).
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NORD/LB

Jun 17, 2024
NORD/LB announced it is withdrawing from aircraft financing business. It has agreed to sell a substantial portion of its its portfolio, valued at €1.67b, to DEUTSCHE BANK, and says remaining €1.1b portfolio will be gradually phased out.
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US DOT

Jun 17, 2024
US DOT reports 25 US scheduled pax airlines recorded $1.6b cumulative net loss in 1Q24 (vs $1.2b loss in 1Q23) on $56b operating revenues ($41.8b in fares; $1.7b in baggage fees; $250m in reservation change fees) vs $52.9b in 1Q23.
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AIRBALTIC

Jun 17, 2024
AIRBALTIC signed LOI to order three all-electric eDA40 and two DA42-VI trainers from Diamond Aircraft.
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AZERBAIJAN AIRLINES

Jun 17, 2024
AZERBAIJAN AIRLINES agreed to lease two A320neos with GTFs from CDB Aviation for delivery in June/July 2025.
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AIR SERBIA

Jun 17, 2024
AIR SERBIA agreed to lease two ex-Air Belgium A330-200s (1486/1521) from Altavair AirFinance for delivery in 2H24.
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MALAYSIA AIRLINES

Jun 17, 2024
MALAYSIA AIRLINES took delivery of new 737-8 (66360) on lease from Air Lease Corporation.
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LUFTHANSA CARGO

Jun 17, 2024
LUFTHANSA CARGO plans July 6 to launch dedicated freighter services at Munich (to Istanbul) with an A321P2F.
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AIR INCHEON

Jun 17, 2024
AIR INCHEON was selected as preferred buyer of Asiana's air cargo business with four 747-400Fs/six 747-400BDSFs.
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ARDIAN

Jun 17, 2024
ARDIAN, France and Saudi Arabia's PIF have submitted a revised offer to acquire 37.62% of LONDON HEATHROW for £3.26b. PIF would hold 15%.
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ARCHER AVIATION

Jun 17, 2024
ARCHER AVIATION secured agreement with Signature Aviation to electrify FBOs at Newark and O'Hare for United air taxi services with its eVTOLs.
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AAPA

Jun 18, 2024
AAPA reports its members had cumulative US$8.8b net profit in 2023 after three consecutive years of losses; revenues increased 54.8% in 2023 to US$198.1b. It says outlook is generally positive, despite capacity constraints from supply chain.
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AVOLON

Jun 18, 2024
AVOLON raised US$750m in new unsecured credit facility with seven banks predominantly in the Middle East and India.
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AIR LEASE CORPORATION

Jun 18, 2024
AIR LEASE CORPORATION priced public offering of $1.2b of senior unsecured medium-term notes due June 25, 2026.
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WESTJET

Jun 18, 2024
WESTJET agreed to lease two ex-Lynx Air 737-8s from ACG (44314) and High Ridge Aviation (44312) in 2024.
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ASHLAND PLACE

Jun 18, 2024
ASHLAND PLACE completed new facility financing for Flight Lease for widebody freighter on lease to ASL AIRLINES.
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ALAFCO

Jun 18, 2024
ALAFCO plans to delist and liquidate/shut down after selling off its aircraft portfolio to Macquarie AirFinance.
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INDIGO

Jun 18, 2024
INDIGO agreed to sell five new A320neos with LEAPs to Jackson Square Aviation for leaseback; first () delivered.
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MESA AIR GROUP

Jun 18, 2024
MESA AIR GROUP had $11.7m net profit on $132m revenues for second quarter ended March 31 vs $35.1m loss on $122m a year ago; it currently operates 80 aircraft as United Express, serving 79 cities with 263 daily departures.
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NEOS

Jun 18, 2024
NEOS, Italy agreed to wet-lease one 787-8 from Norse Atlantic Airways for service out of Milan Malpensa.
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FINNAIR

Jun 18, 2024
FINNAIR completed rollout of its €200m A330/A350 cabin renewal that includes launch of a new business class seat from COLLINS AEROSPACE, new premium economy cabin, and refreshed economy class; it next plans E190 upgrade.
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CARLYLE AVIATION PARTNERS

Jun 18, 2024
CARLYLE AVIATION PARTNERS issued AASET 2024-1 ABS for $428m to purchase 12 aircraft (10 narrowbodies/two widebodies); it is company's 15th aircraft portfolio transaction and the first commercial aircraft ABS in two years.
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SINGAPORE CHANGI

Jun 18, 2024
SINGAPORE CHANGI handled 5.5m pax in May, up 13.3% vs May 2023.
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GENESIS

Jun 20, 2024
GENESIS purchased A321-200 (6108; leased to ETIHAD AIRWAYS) with V2500s from Deucalion Aviation.
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KOREAN AIR

Jun 20, 2024
KOREAN AIR plans to resume daily Busan-Shanghai Pudong/Jeju-Beijing on July 1; five-times-weekly Seoul Incheon-Hefei on August 19; four-times-weekly Busan-Beijing on Sept 16; thrice-weekly Seoul Incheon-Kunming on October 14.
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TEXEL AIR AUSTRALASIA

Jun 20, 2024
TEXEL AIR AUSTRALASIA took delivery of 737-800BCF (35092; ex-Airzena) for operation for TEAM GLOBAL EXPRESS.
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TUI AIRWAYS

Jun 20, 2024
TUI AIRWAYS, UK leased ex-Norwegian 737-800 (40867) from SMBC Aviation Capital.
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SUN COUNTRY AIRLINES

Jun 20, 2024
SUN COUNTRY AIRLINES signed revised air transport services agreement with Amazon, increasing fleet by up to eight additional 737-800Fs (to 20 freighters total) in 1Q25-3Q25 and extending deal through 2030 with options to go to 2037.
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SPIRIT AIRLINES

Jun 20, 2024
SPIRIT AIRLINES plans October 10 to begin daily Fort Lauderdale-Birmingham, AL (A320).

Business Aviation

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BUTLER NATIONAL

Jun 17, 2024
BUTLER NATIONAL has FAA STC to install Mid-Continent Instruments and Avionics' CHRONOS digital clock on Learjets.
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PANARAMA AVIATION

Jun 18, 2024
PANORAMA AVIATION is opening base in Quebec City to serve remote regions with a Beech 1900D and Pilatus PC-12.
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CAE

Jun 20, 2024
CAE inaugurated Gulfstream-dedicated business aviation training center at Savannah to house four full-flight simulators. It now has five centers dedicated to business aviation training in the US: New Jersey, Nevada, Texas, Florida and Georgia.

MRO

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TP AEROSPACE

Jun 17, 2024
TP AEROSPACE was selected by Croatia Airlines to maintain A220 wheels out of Brno, Czech Republic starting July '24.
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SETNA iO

Jun 18, 2024
SETNA iO, IL completed purchase of large stock of A330 and Trent 700 rotables from HAECO ITM.
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AERFIN

Jun 20, 2024
AERFIN is moving to larger 115,000 sq ft headquarters facility at St. Modwen Park in Newport, Wales for engine disassembly and MRO operations (200 shop visits per year), as well as traditional warehousing and logistics.

Defense

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FDH DEFENSE AFTERMARKET

Jun 18, 2024
FDH DEFENSE AFTERMARKET was formed by FDH Aero after acquisition of UNICAL DEFENSE (military aircraft aftermarket parts and logistics).
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LOCKHEED MARTIN

Jun 18, 2024
LOCKHEED MARTIN delivered the 2,700th C-130 Hercules.
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HONEYWELL

Jun 20, 2024
HONEYWELL agreed to acquire CAES SYSTEMS (formerly Cobham Advanced Electronic Solutions), VA from Advent International for $1.9b in all-cash deal to enhance its radio frequency (RF) business in the defense electronics sector.

Who'sNews

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WHO'SNEWS: BOEING SOUTHEAST ASIA

Jun 18, 2024
Penny Burtt to President of Boeing Southeast Asia, Singapore.
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WHO'SNEWS: AIR SAFETY INSTITUTE

Jun 18, 2024
Mike Ginter to Head of the Air Safety Institute of AOPA, MD.
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WHO'SNEWS: PRECISION AVIATION GROUP

Jun 20, 2024
KT MacIntosh to Chief Transformation Officer of Precision Aviation Group (PAG), Atlanta.
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WHO'SNEWS: PRECISION AVIATION GROUP

Jun 20, 2024
Scott Page to Chief Financial Officer of Precision Aviation Group (PAG), Atlanta.
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WHO'SNEWS: CHROMALLOY

Jun 20, 2024
Chris Celtruda to President and Chief Executive Officer of Chromalloy, Palm Beach Gardens, FL; Brian Costa is retiring.
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WHO'SNEWS: BLUE DART AVIATION

Jun 20, 2024
Dipanjan Banerjee to Chief Commercial Officer of Blue Dart Aviation, India.