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Aerospace

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ROLLS-ROYCE

Aug 03, 2024
ROLLS-ROYCE began flight testing upgraded Trent 1000 with enhanced HPT to address lingering durability problems.
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SENIOR AEROSPACE

Aug 06, 2024
SENIOR AEROSPACE was selected by Deutsche Aircraft to design/develop (at Burbank, CA) and manufacture (at Congleton, UK) the Bleed Air System and Engine Build Up (EBU) system for the 40-seat D328eco turboprop.
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DOVETAIL ELECTRIC AVIATION

Aug 06, 2024
DOVETAIL ELECTRIC AVIATION was selected by Spain's Crisalion Mobility to collaborate on development of battery packs, enhancing electric drivetrains, for application in electric aviation, including the Integrity eVTOL.
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MOOG COMMERCIAL AIRCRAFT

Aug 06, 2024
MOOG COMMERCIAL AIRCRAFT earned $69.8m on $591m sales in 1H24 vs $49.9m on $475.5m in 1H23.
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AIRBUS

Aug 06, 2024
AIRBUS delivered 77 aircraft (seven A220s; 58 A320neo Family; five A330neos; seven A350s) in July vs 65 (five A220s; 49 A320neo Family; three A330neos; eight A350s) in July 2023. It has now delivered 400 of planned 770 aircraft in 2024.
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SPIRIT AEROSYSTEMS

Aug 06, 2024
SPIRIT AEROSYSTEMS had $415m net loss on $1.49b revenues in 2Q24 vs $206m loss on $1.37b in 2Q23; it has $48b backlog. It delivered 27 737 fuselages to Boeing (vs 74 in 2Q23), lower than anticipated as production facilities cycled at rate of 31 aircraft per month during quarter, faster than units were accepted due to new product verification process.
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RECARO

Aug 06, 2024
RECARO was selected by IndiGo to supply R5 business/economy class seats for 45 A321neos through 2025.
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ATI

Aug 06, 2024
ATI had $85.6m net income on $1.1b sales (62% aerospace/defense) in 2Q24 vs $68.4m on $1.04b (59%) in 2Q23.
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JOBI AVIATION

Aug 06, 2024
JOBY AVIATION applied to Australia's CAA for certification of its eVTOL for emissions-free air taxi ops.
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TRANSDIGM

Aug 06, 2024
TRANSDIGM had $461m net income on $2.1b sales in third quarter ended June 30 vs $352m on $1.7b a year ago.
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HÉROUX-DEVTEK

Aug 06, 2024
HÉROUX-DEVTEK had C$12.5m net income on C$174m sales in first quarter ended June 30 vs C$4m on C$141m.
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EMBRAER

Aug 07, 2024
EMBRAER signed 5-year, US$1.1b syndicated credit line (upgraded from $650m) to access cash at pre-negotiated rates.
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TRIUMPH GROUP

Aug 07, 2024
TRIUMPH GROUP lost $14.1m on $281m sales in first quarter ended June 30 vs $18.2m loss on $264m a year ago; Commercial OEM sales increased 1.4% to $118.7m (Interiors sales down) and Commercial Aftermarket 42.6% to $15m.
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ELECTRA

Aug 07, 2024
ELECTRA made first piloted flight of its Goldfinch hybrid-electric eSTOL aircraft at NASA Langley's Research Center.
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JEH AEROSPACE

Aug 07, 2024
JEH AEROSPACE, CA selected GridRaster to provide Spatial AI, augmented reality (AR)and virtual reality (VR) technologies to upgrade manufacturing.
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EMBRAER

Aug 08, 2024
EMBRAER earned US$102.5m on US$1.5b revenues in 2Q24 vs US$26.1m loss on US$1.3b (commercial up 17%; executive down 11%) in 2Q23. It has $21.1b backlog and still plans to deliver 197-215 aircraft in 2024 (71 in 1H24).
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AERSALE

Aug 08, 2024
AERSALE had $3.6m net loss in 2Q24 (vs $2.7m loss in 2Q23) on 11% higher revenues, driven by higher feedstock acquisitions, continued MRO demand and higher AerSafe sales; y-o-y USM revenue increased 19.2% and TechOps 9.4%.
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JOBY AVIATION

Aug 08, 2024
JOBY AVIATION rolled out third eVTOL prototype off its pilot production line in Marina, CA; it expects to have four aircraft in flight testing in 3Q24.
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BOEING

Aug 08, 2024
BOEING plans to invest $61m into British Columbia aerospace enterprises for Canada's selection of P-8A (16 aircraft) as replacement aircraft.
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EMBRAER

Aug 08, 2024
EMBRAER expects arbitration against BOEING for terminating their Master Transaction Agreement and Contribution Agreement will conclude in 3Q24.
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HOWMET AEROSPACE

Aug 08, 2024
HOWMET AEROSPACE launched proposed offering of notes to help repay $577m of debt due in 2025.

Air Transport

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AVOLON

Aug 03, 2024
AVOLON had $105m net profit on $660m lease revenue in 2Q24 vs $76m on $613m in 2Q23, and ended the quarter with owned/managed/committed fleet of 1,029 aircraft (vs 875); it says 98% of its orderbook is placed for 24 months.
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AIR LEASE CORPORATION

Aug 03, 2024
AIR LEASE CORPORATION had $90.4m net profit on $667m revenues in 2Q24 vs $122m on $673m in 2Q23, feeling effects of delays from aircraft and engine OEMs; it has owned/managed/committed fleet of 848 aircraft vs 887 a year ago.
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SUN COUNTRY

Aug 03, 2024
SUN COUNTRY had $1.8m net income on $254m revenues in 2Q24 vs $20.6m on $261m in 2Q23. It has $153m liquidity.
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TRANSNUSA

Aug 03, 2024
TRANSNUSA began daily Jakarta-Subang (A320).
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WIZZ AIR

Aug 03, 2024
WIZZ AIR plans October 29 to begin twice-weekly Malmö-Bucharest/-Iasi, Romania (A320).
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AERCAP

Aug 03, 2024
AERCAP reached agreement with Airbus to purchase 36 A320neo Family aircraft, previously on order with SPIRIT AIRLINES for delivery in 2027 and 2028, for lease to Spirit. Secondly, it also entered into a contingent purchase agreement with Airbus for up to 52 additional A320neo Family aircraft currently on order with Spirit for delivery in 2029 and 2031.
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VUELING

Aug 03, 2024
VUELING, Spain leased ex-Lanmei A320-200 (5112) with CFM56s from Merx Aviation.
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SPACEBEE AIRLINES

Aug 03, 2024
SPACEBEE AIRLINES, Uzbekistan agreed to lease ex-Sky Taxi 767-300BDSF (23201) from CAM for startup.
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AZUL

Aug 06, 2024
AZUL secured financing from BNDES for 10 E195-E2s on order in transaction valued at R$1.9b.
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AIRBUS

Aug 06, 2024
AIRBUS booked order in July from an undisclosed customer for 15 A320neos and has now booked 386 orders in '24.
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CHINA EASTERN AIRLINES

Aug 06, 2024
CHINA EASTERN AIRLINES took delivery of its seventh C919 (013); four more are due in 2024. COMAC is planning to double production in 2024 and is expected to reach an annual production capacity of 150 C919s by the end of decade.
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TAILWIND AIR

Aug 06, 2024
TAILWIND AIR has ceased seaplane operations in eastern US (Boston-New York) and is looking for investors.
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AIR ASTANA GROUP

Aug 06, 2024
AIR ASTANA GROUP earned US$138.7m in 1H24, up 9.8% vs 1H23; revenues rose 13% to US$586.2m. It has 54 aircraft.
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ASIANA AIRLINES

Aug 06, 2024
ASIANA AIRLINES purchased second 747-400F (30768) with CF6s from China Airlines in deal arranged by AMS.
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CEBU PACIFIC

Aug 06, 2024
CEBU PACIFIC, The Philippines leased ex-Go First A320neo (9530) with GTFs from AerCap.
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TOTAL LINHAS AEREAS

Aug 06, 2024
TOTAL LINHAS AEREAS, Brazil leased ex-DHL 737-400SF (26606) from World Star Aviation.
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ALTA

Aug 06, 2024
ALTA added Total Linhas Aereas, Brazil as new member airline.
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K-MILE AIR

Aug 06, 2024
K-MILE AIR, Thailand agreed to lease 767-300BCF (33421) with PW4000s from SF Airlines.
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SCOOT

Aug 06, 2024
SCOOT plans to begin Singapore-Kertajati, Indonesia on Sept 28 and -Malacca, Malaysia on Oct 23 (E190-E2).
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US DOT

Aug 06, 2024
US DOT reports US airline fuel cost was $2.54/gallon in June vs $2.65 in May 2024; y-o-y consumption rose 5%.
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CDB AVIATION

Aug 07, 2024
CDB AVIATION closed 7-year, US$700m Sustainability Linked Loan (SLL) secured with portfolio of Airbus/Boeing aircraft; Natixis, Crédit Agricole Corporate and Investment Bank, and BNP Paribas coordinated and advised.
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FIJI AIRLINES

Aug 07, 2024
FIJI AIRLINES plans December 10 to begin three-times-weekly Nadi-DFW (A350-900).
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CATHAY PACIFIC

Aug 07, 2024
CATHAY PACIFIC ordered 30 A330-900s, and took purchase rights on another 30, for delivery starting in 2028 as part of 7-year, HK$100b investment strategy in its fleet, cabin products, lounges, and digital and sustainability leadership.
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CATHAY PACIFIC GROUP

Aug 07, 2024
CATHAY PACIFIC GROUP earned HK$3.6b on HK$49.6b in 1H24 vs HK$4.3b on HK$43.6b in 1H23; it has 231 aircraft.
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KOREAN AIR

Aug 07, 2024
KOREAN AIR had KRW694.3b net income on KRW7,846b revenues in 1H24 vs KRW726.9b on KRW6,731b in 1H
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CATHAY PACIFIC

Aug 07, 2024
CATHAY PACIFIC plans in 2025/2026 to upgrade its 777-300ER fleet with all-new Aria Suite, premium economy and refreshed economy cabins (777-9s coming in 2025) and its A330s with new cabins and flat-bed business class product.
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AIR CANADA

Aug 07, 2024
AIR CANADA had C$410m net income on C$5.5b revenues in 2Q24 vs C$838m on C$5.4b in 2Q23. It has C$10b liquidity.
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KOREAN AIR

Aug 07, 2024
KOREAN AIR agreed to lease 10 787-10s with GEnx-1Bs from ALC; first (66878) was delivered (SPNWS; July 26).
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AIR INCHEON

Aug 07, 2024
AIR INCHEON agreed to acquire Asiana's air cargo freighter business (10 747-400Fs) for $342m (SPNWS; June 21).
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SKY VISION

Aug 07, 2024
SKY VISION, Egypt agreed to lease A320P2F (2288; ex-Lauda Europe) with V2500s from ST Aerospace Resources.
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EMIRATES

Aug 07, 2024
EMIRATES completed nose-to-tail interior refresh of its first 777 (ahead of schedule) in 37 days/18,000 man-hours; program comprises new 24-seat premium economy cabin, refurbished first class, and upgraded 38-seat business class.
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AVION EXPRESS MALTA

Aug 07, 2024
AVION EXPRESS MALTA leased ex-Air Malta A320-200 (5086) with CFM56s from Avolon.
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ACI-NA

Aug 07, 2024
ACI-NA reports North American airports posted y-o-y pax traffic increase of 11.9% in 2023; international traffic rose 27.9% and domestic rose 9.5%.
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OVERLAND AIRWAYS

Aug 07, 2024
OVERLAND AIRWAYS, Nigeria took delivery of its second E175 (946) from Embraer; a third is expected.
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ETIHAD AIRWAYS

Aug 08, 2024
ETIHAD AIRWAYS had US$232m net income in 1H24 (vs US$157m in 1H23) on 21% higher revenues; it has 92 aircraft.
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FRONTIER AIRLINES

Aug 08, 2024
FRONTIER AIRLINES had $31m net income on $973m revenues in 2Q24 vs $71m on $967m in 2Q23. It has 111 A320ceo Family aircraft and 37 A321neos, all financed through operating leases that expire between 2025 and 2036.
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COPA

Aug 08, 2024
COPA had $120.3m net income on $819m revenues in 2Q24 vs $17.5m on $809m in 2Q23. It has 109 737s (32 MAXs).
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AIR CANADA

Aug 08, 2024
AIR CANADA removed two 767-300Fs (67023/67024) from service, leaving it with six 767-300BDSFs.
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ETIHAD AIRWAYS

Aug 08, 2024
ETIHAD AIRWAYS plans December 15 to restart four-times-weekly Abu Dhabi-Nairobi, Kenya (A320).
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LOT POLISH AIRLINES

Aug 08, 2024
LOT POLISH AIRLINES agreed to lease three 737-8s from BOC Aviation for delivery in 2025.
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SMART AVIATION

Aug 08, 2024
SMART AVIATION, UK leased an A320-200 from GetJet Airlines for short-term wet-lease (ACMI) to AIR ARABIA MAROC.
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WESTJET

Aug 08, 2024
WESTJET sold eight 737-800s to Aergo Capital, and leased them back.
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DUBAI INTERNATIONAL AIRPORT

Aug 08, 2024
DUBAI INTERNATIONAL AIRPORT handled 44.9m pax in 1H24, up 8% vs 1H23.
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SATA AIR ACORES

Aug 08, 2024
SATA AIR ACORES wet-leased (ACMI) an ATR 72-500 from Swiftair to sub for Dash 8-400 in unscheduled maintenance.
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HONG KONG AIR CARGO

Aug 08, 2024
HONG KONG AIR CARGO was selected by ZTO Express Group, China to provide air cargo aircraft management and cargo aircraft charter services.
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LATAM

Aug 08, 2024
LATAM had US$392m net income in 1H24 (vs US$297m in 1H23) on 16% higher revenues; it has 340 aircraft.
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PHOENIX AVIATION CAPITAL

Aug 08, 2024
PHOENIX AVIATION CAPITAL (AIP Capital) priced its first structured EETC (Phoenix Aviation Capital Series 2024-1), totaling $242m of asset-backed debt to finance portfolio of seven new 737-8s on lease with two operators.
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CONDOR

Aug 08, 2024
CONDOR took delivery of second new A321neo with GTFs on lease from Aviation Capital Group as part of deal for four.

Business Aviation

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SPECTRA JET

Aug 03, 2024
SPECTRA JET, OH was added by SmartSky as sales/installation partner for its LITE inflight connectivity system.
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CUTTER AVIATION

Aug 06, 2024
CUTTER AVIATION is adding 86,973 sq ft of ramp space at its FBO in Prescott, AZ for completion in early 2025.
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BUSINESS JET

Aug 06, 2024
BUSINESS JET, TX completed its first Starlink installation on a GV and says it is preparing an installation for STC certification on a Legacy 600; it holds STCs for G450/G550/G650/G650ER/GV and Global 6000/Express/XRS.
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ACI JET

Aug 07, 2024
ACI JET, CA completed installation of its first Starlink inflight connectivity solution on a Global 7500.
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GOGO

Aug 07, 2024
GOGO had $31.3m net income on $206.4m revenues in 1H24 vs $110.3m on $201.8m in 1H23. It says 4,215 business aircraft are flying with AVANCE systems, 2,816 with Gogo Biz, and 4,247 with narrowband satellite connectivity.
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SMARTSKY

Aug 07, 2024
SMARTSKY has FAA STC to install its LITE inflight connectivity system on Cessna Citation 525B models; engineering for first article installation on a CJ3+ was provided by LIBERTY PARTNERS, OK, and installed by TEXTRON in Wichita.
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JETS MRO

Aug 07, 2024
JETS MRO agreed to occupy 40,000 sq ft of Jet Access' 80,000 sq ft complex at Dallas Executive for MRO services.
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VISTA GLOBAL

Aug 07, 2024
VISTA GLOBAL is selling 18 Citation Ultras (operated by XOJET AVIATION) and 23 Citation Xs (by RED WING AVIATION).
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TRUE BLUE POWER

Aug 08, 2024
TRUE BLUE POWER, KS has FAA STC for its 4,000-watt frequency converter for G450, G550, G650 and G650ER.
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WHEELS UP

Aug 08, 2024
WHEELS UP lost $97m in 2Q24 (vs $161m loss in 2Q23) on 41% lower revenues; y-o-y active membership dropped 29%.

Defense

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TRIUMPH ACTUATION PRODUCTS & SERVICES

Aug 07, 2024
TRIUMPH ACTUATION PRODUCTS & SERVICES extended its repair/technical support agreement with Lockheed Martin provide engineering/material support for F-35 JSF program out of Clemmons, NC over the next five years.

MRO

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SWISS-AS

Aug 06, 2024
SWISS-AS announced VAECO/Vietnam Airlines went live with its AMOS MRO software after 16-month implementation phase (SPNWS; Dec 16, '22).
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AJW GROUP

Aug 06, 2024
AJW GROUP has Ascend Airways contract to provide 737NG/MAX component support on PBH basis out of Montreal.
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STANDARDAERO

Aug 06, 2024
STANDARDAERO was selected by Avianca to provide LEAP-1A maintenance support out of San Antonio.
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DELTA TECHOPS

Aug 06, 2024
DELTA TECHOPS inducted its first customer LEAP-1B as only CFM Branded Service Agreement (CBSA) operator provider in North America.
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ROLLS-ROYCE

Aug 08, 2024
ROLLS-ROYCE has Cathay Pacific contract to provide TotalCare support for 30 Trent 7000-powered A330-900s.

Who’sNews

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WHO'SNEWS: NATA

Aug 03, 2024
Jake Legere to Associate Vice President of Sales & Marketing of NATA, Washington, DC.
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WHO'SNEWS: ALBANY ENGINEERED COMPOSITES

Aug 06, 2024
Christopher Stone to President of Albany Engineered Composites, Rochester, NH.
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WHO'SNEWS: TRUEAERO

Aug 06, 2024
Jurgen Lebacs to Director of Sales & Business Development of TrueAero, Arlington, TX.
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WHO'SNEWS: MAGMA AVIAITON

Aug 06, 2024
Peter Kerins to Chief Executive Officer of Magma Aviation, London.
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WHO'SNEWS: LATAM AIRLINES GROUP

Aug 07, 2024
Ramiro Alfonsín to Chief Commercial Officer of LATAM Airlines Group.
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WHO'SNEWS: AMETEK

Aug 08, 2024
Rob Rideout, Jr. to Vice President-Strategic Procurement of AMETEK, Berwyn, PA.
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WHO'SNEWS: AE INDUSTRIAL PARTNERS

Aug 08, 2024
Lewis Sutherland to Managing Director for Aerospace Leasing of AE Industrial Partners, FL.
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WHO'SNEWS: AIR TRANSPORT SERVICES GROUP

Aug 08, 2024
Todd France to Chief Commercial Officer of Air Transport Services Group (ATSG), Wilmington, OH.
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WHO'SNEWS: LOGANAIR

Aug 08, 2024
Natalie Bush to Chief Operating Officer of Loganair, UK (effective December 2024).