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Aerospace

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BOEING

Jul 02, 2024
BOEING agreed to acquire SPIRIT AEROSYSTEMS in all-stock transaction at equity value of $4.7b to close in mid-2025. Spirit says it is also proposing to sell certain operations, including those in Belfast, Northern Ireland (non-Airbus operations), Prestwick, Scotland, and Subang, Malaysia and AIRBUS signed binding term sheet to acquire major activities related to its programs, including manufacture of A350 fuselage sections and A220 wings, mid-fuselage and pylons.
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XTI AEROSPACE

Jul 02, 2024
XTI AEROSPACE signed agreement with FC Imperial for a proposed strategic equity investment for shares of convertible preferred stock of up to $55m at a post-money valuation of $275m to accelerate development of TriFan 600.
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EVE AIR MOBILITY

Jul 02, 2024
EVE AIR MOBILITY announced $94m in new equity financing from multiple investors to support eVTOL development.
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LIEBHERR-AEROSPACE LINDENBERG

Jul 02, 2024
LIEBHERR-AEROSPACE LINDENBERG opened 1,000 sq meter extension to develop and implement future surface treatment technologies.
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ULTRAMAIN SYSTEMS

Jul 02, 2024
ULTRAMAIN SYSTEMS was selected by HK Express to provide ELB electronic cabin and technical logbook software for 34 A320 Family aircraft.
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UNIVERSAL HYDROGEN

Jul 02, 2024
UNIVERSAL HYDROGEN, Los Angeles was forced to shut down and liquidate after failing to raise additional funding to continue development of a hydrogen-fuel cell propulsion and related fuel logistics system targeted for regional airliners.

AVIATION WEEK NETWORK

Jul 02, 2024
AVIATION WEEK NETWORK forecasts Baltic and Eastern European carriers will take delivery of 870 new aircraft over next 10 years and retire 380, resulting in fleet of 1,600 aircraft in 2033 vs 1,080 in 2024. MRO market is valued at $32b.

ARCHER AVIATION

Jul 02, 2024
ARCHER AVIATION secured additional $55m in funding from STLLANTIS, which has now invested >$200m in company.

TURBO RESOURCES

Jul 02, 2024
TURBO RESOURCES is building new 250,000 sq ft warehouse in Chandler, AZ, expanding its footprint to 450,000 sq ft.
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SKYTECNO

Jul 02, 2024
SKYTECNO (Geven) joined Boeing's premier bidder program for interiors.
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QUESTEK

Jul 02, 2024
QUESTEK launched partnership with CBMM, Brazil to advance material capabilities using Niobium to achieve high strength and heat resistance for AM.
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X-BOW SYSTEMS

Jul 02, 2024
X-BOW SYSTEMS acquired SPENCER COMPOSITES, CA (composite/metallic structures) to ensure seamless supply chain for critical components within its commercial modular motor and hypersonic booster large solid rocket motor programs.
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CAE

Jul 02, 2024
CAE has Icelandair order for A320 Family full-flight simulator for installation at Reykjavík in 2025.
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BOOM

Jul 03, 2024
BOOM has begun rig test of combustor section for 35,000 lb thrust Symphony turbofan (for Overture) at Jupiter, FL.
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AVTECH

Jul 03, 2024
AVTECH posted record SEK8.6m sales in 2Q24, up 28.8% vs 2Q23.

Air Transport

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VOLARIS

Jul 02, 2024
VOLARIS sold third new GTF-powered A321neo (12032) to Aviation Capital Group for leaseback as part of deal for four.
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CEBU PACIFIC

Jul 02, 2024
CEBU PACIFIC sold new GTF-powered A321neo (11834) to Aviation Capital Group and leased it back.
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COLORFUL GUIZHOU AIRLINES

Jul 02, 2024
COLORFUL GUIZHOU AIRLINES agreed to lease three A320neos with LEAPs from CDB Aviation; first (11866) delivered.
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AIRCASTLE

Jul 02, 2024
AIRCASTLE received $300m in equity from its shareholders, Marubeni and Mizuho Leasing, completing previously announced $500m equity commitment. As of February 29, it owned and managed 252 aircraft leased to 75 customers.
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HELICOPTER EXPRESS

Jul 02, 2024
HELICOPTER EXPRESS acquired the the aerial firefighting operations business unit and S-64s of ERICKSON; Houlihan Lokey advised.
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SRILANKAN AIRLINES

Jul 02, 2024
SRILANKAN AIRLINES acquired ex-Royal Brunei A320-200 (6816) with V2500s.
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FLYDUBAI

Jul 02, 2024
FLYDUBAI plans in September to begin Dubai-Kish Island/-Kerman, Iran (737).
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SAS

Jul 02, 2024
SAS received approval from European Commission for Denmark’s and Sweden’s $1.4b participation in its restructuring.
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AVTECH

Jul 02, 2024
AVTECH was selected by PLAY to provide ClearPath and Aventus services.
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ALPHASKY

Jul 02, 2024
ALPHASKY, Kazakhstan is expected to lease ex-Aviastar-TU 757-200PCF (25597) with RB211s from FTAI Aviation.
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AEROLINEE SICILIANE

Jul 02, 2024
AEROLINEE SICILIANE secured $26.7m financing for May 2025 startup out of Comiso Airport with leased A320s.
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PORTER AIRLINES

Jul 02, 2024
PORTER AIRLINES sold second E195-E2 (137) to Elevate Capital Partners for leaseback as part of deal for four.
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EMIRATES

Jul 02, 2024
EMIRATES plans in August to debut 777s with refurbished cabins on services to Geneva, Tokyo Haneda and Brussels.
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HELVETIC AIRWAYS

Jul 02, 2024
HELVETIC AIRWAYS, Switzerland leased second ex-Azul E195 (491) from Azorra.
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BLUEBIRD AIRWAYS

Jul 02, 2024
BLUEBIRD AIRWAYS, Iceland leased ex-Corendon 737-800 (33022) from Avolon.
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FREEBIRD AIRLINES

Jul 02, 2024
FREEBIRD AIRLINES, Turkey leased ex-Interjet A320-200 (3514) with CFM56s from Macquarie AirFinance.
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VIRGIN AUSTRALIA

Jul 02, 2024
VIRGIN AUSTRALIA took delivery of 737-8 (66644) on lease from DAE Capital.

FLYSAFAIR

Jul 02, 2024
FLYSAFAIR, South Africa took delivery of ex-Flair Airlines 737-800 (36548) on lease from AELF (SPNWS; May 31).

FLYARYSTAN

Jul 02, 2024
FLYARYSTAN leased ex-HK Express A320-200 (5725) with V2500s from CMB Aviation.

JFK

Jul 02, 2024
JFK handled 5.6m pax in May, up 1.4% vs May 2023.

NEWARK LIBERTY

Jul 02, 2024
NEWARK LIBERTY handled 4.4m pax in May, down 0.7% vs May 2023.

NEW YORK LAGUARDIA

Jul 02, 2024
NEW YORK LAGUARDIA handled 3m pax in May, up 0.8% vs May 2023.

ALASKA AIRLINES

Jul 02, 2024
ALASKA AIRLINES ordered one additional 737-10 after selling 737-8 (67501; had door plug blowout) back to BOEING.
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AIRASIA X

Jul 02, 2024
AIRASIA X plans November 15 to begin four-times-weekly Kuala Lumpur-Nairobi, Kenya (A330).
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AVIANCA GROUP

Jul 02, 2024
AVIANCA GROUP is proposing an IPO in US; it says timing and offering are subject to market conditions.
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ETHIOPIAN AIRLINES

Jul 02, 2024
ETHIOPIAN AIRLINES began four-times-weekly Addis Ababa-Athens-Poland (787).
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EASYJET

Jul 02, 2024
EASYJET plans November 4 to begin twice-weekly Derry, Northern Ireland-Liverpool/-Edinburgh (A320).
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AMERICAN AIRLINES

Jul 02, 2024
AMERICAN AIRLINES committed to conditional purchase of 100 ZeroAvia hydrogen-electric (fuel cell-powered) engines to power regional aircraft. In addition, American has increased its investment in ZeroAvia under Series C financing round.
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AIR CHINA CARGO

Jul 02, 2024
AIR CHINA CARGO took delivery of two new 777Fs (67834/67835), Boeing's first 777F deliveries in about a year.
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TURKISH AIRLINES

Jul 02, 2024
TURKISH AIRLINES ordered four 777Fs, increasing its fleet to 12.
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AIR CANADA

Jul 02, 2024
AIR CANADA agreed to lease eight 737-8s from BOC Aviation for delivery in 2024 and entry into service in 2025.
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IBS SOFTWARE

Jul 02, 2024
IBS SOFTWARE was selected by Air India to provide iCargo software solution.
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AIRBALTIC

Jul 02, 2024
AIRBALTIC plans to begin Rega-Sharm El Sheikh/Hurghada in late October and Riga-Innsbruck on December 22 (A220).
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BONZA

Jul 02, 2024
BONZA, Australia was placed into liquidation due to inability to secure rescue package; it suspended service on April 30.
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CEBU PACIFIC

Jul 02, 2024
CEBU PACIFIC signed MOU to order 102 GTF-powered A321neos, and option 50; delivery schedule is TBA.
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WESTJET

Jul 02, 2024
WESTJET sold second 737-8 (60552) to Clover Aviation Capital for leaseback under multi-aircraft deal.
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SETNA iO

Jul 02, 2024
SETNA iO acquired two A320-200s (2830/2851; leased to GLOBALX for four more years, then headed for disassembly).
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TAROM

Jul 02, 2024
TAROM, Romania agreed to lease two 737-8s from CDB Leasing for delivery in December 2025/January 2026.
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LUFTHANSA

Jul 03, 2024
LUFTHANSA received EU approval to acquire 41% of ITA AIRWAYS from Italian MEF via capital contribution of €325m, subject to conditions that include making short-/-long routes available to competitors, especially out of Milan Linate.
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IATA

Jul 03, 2024
IATA reports year-over-year global pax traffic was up 10.7% in May on 8.5% higher capacity (had record 83.4% load factor for month of May); cargo rose 14.7%, marking the sixth consecutive month of double-digit year-over-year growth.
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MY FREIGHER

Jul 03, 2024
MY FREIGHER, Uzbekistan agreed to lease two 767-300BCFs (25583/25587) from Airborne Global Leasing (ATSG).
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K2 AIRWAYS

Jul 03, 2024
K2 AIRWAYS, Pakistan agreed to lease ex-ASL Airlines Belgium 737-400BDSF (29210) from AerCap.
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AIR TRANSAT

Jul 03, 2024
AIR TRANSAT agreed to lease two new A321neos from SMBC Aviation Capital; first (11883) was delivered.

Business Aviation

MRO

VAS AERO SERVICES

Jul 02, 2024
VAS AERO SERVICES, FL has acquired seven ex-China Southern A330s with PW4170s; engines will be made available for lease, as well as harvested for USM parts, while airframes will be designated for placement or possible teardown.
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HAECO

Jul 02, 2024
HAECO extended contract with Airbus to provide A320, A330, A340, A350 and A380 radome repair services.
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SMARTSKY

Jul 02, 2024
SMARTSKY received FAA STC for SmartSky LITE inflight Wi-Fi system for King Air models B200 through 360, representing >2,000 aircraft in service; first article installation was completed by DAVINCI JETS SERVICES, NC.
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VALLAIR

Jul 02, 2024
VALLAIR was selected by CORAX to part out an ex-Hong Kong Airlines A330-200 at Châteauroux, France.
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AIRINMAR

Jul 03, 2024
AIRINMAR, UK was selected by Airhub Aviation to provide repair cost oversight for GetJet Airlines, Lithuania.
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SATAIR (Airbus)

Jul 03, 2024
SATAIR (Airbus) has Transavia France contract to provide its Integrated Material Services (IMS) supply chain solution.

Defense

Who'sNews

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WHO'SNEWS: ATI

Jul 02, 2024
Kimberly A. Fields to President and Chief Executive Officer of ATI, Dallas; Bob Wetherbee was named Executive Chairman.
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WHO'SNEWS: SWISS

Jul 02, 2024
Jens Fehlinger to Chief Executive Officer of SWISS (effective October 1).
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WHO'SNEWS: AVION EXPRESS BRASIL

Jul 02, 2024
Esteban Jauregui Lorda to Chief Executive Officer of Avion Express Brasil.
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WHO'SNEWS: HANWHA AVIATION

Jul 02, 2024
Ben Pughe-Morgan to Chief Investment Officer of Hanwha Aviation, Singapore (effective August 2024).
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WHO'SNEWS: WIDEROE

Jul 02, 2024
Tore Jenssen to Managing Director and Chief Executive Officer of Wideroe, Norway.

WHO'SNEWS: AMENTUM

Jul 02, 2024
Nathan Rutledge to Head of Investor Relations of Amentum, Chantilly, VA.
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WHO'SNEWS: DUFOUR AEROSPACE

Jul 02, 2024
Sascha Hardegger to Chief Executive Officer of Dufour Aerospace, Zurich.
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WHO'SNEWS: ATR AMERICAS

Jul 02, 2024
Christopher Jones to Head of Region Americas and Managing Director & President-ATR Americas, based in Miami, FL of ATR.
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WHO'SNEWS: GE AEROSPACE

Jul 02, 2024
H. Lawrence Culp, Jr. was extended as Chairman and Chief Executive Officer of GE Aerospace through at least 2027.
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WHO'SNEWS: BRUSSELS AIRLINES

Jul 02, 2024
Dieter Vranckx to Chairman of Brussels Airlines, Belgium.
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WHO'SNEWS: BOC AVIAITION

Jul 02, 2024
Zhang Xiaolu to Chairman of the Board of BOC Aviation, Singapore. She remains as a member of the Strategy and Budget Committee.
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WHO'SNEWS: SURF AIR MOBILITY

Jul 02, 2024
Louis Saint-Cyr to President-Hawai'i Operations of Surf Air Mobility.
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WHO'SNEWS: SPIRIT AIRLINES

Jul 02, 2024
Fred Cromer to Executive Vice President and Chief Financial Officer of Spirit Airlines; Tomas Ranaldi was promoted to Vice President-Financial Planning and Analysis.
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WHO'SNEWS: SPIRIT AIRLINES

Jul 02, 2024
Dana Shapir Alviene to Senior Vice President-Inflight and Airport Experience of Spirit Airlines.
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WHO'SNEWS: RAVN ALASKA

Jul 02, 2024
Tom Hsieh to Chief Executive Officer of Ravn Alaska.
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WHO'SNEWS: TORAY ADVANCED COMPOSITES

Jul 03, 2024
David Bernard to European Managing Director, based in UK, of Toray Advanced Composites.
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WHO'SNEWS: LUFTHANSA

Jul 03, 2024
Carsten Spohr, Chief Executive Officer of Lufthansa, was named recipient of 2024 Distinguished Achievement Award by The Wings Club.