Subscription Required

 

SpeedNews - October 4, 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

NTSB

Sep 28, 2024
NTSB issued urgent safety recommendations to BOEING and FAA to determine flight crew responses for a potential jammed or restricted rudder control system on some 737NGs/MAXs. It found a sealed bearing on rollout guidance actuator, supplied by COLLINS, could have been incorrectly assembled (353 actuators have been delivered since 1Q17).
article

ROLLS-ROYCE

Sep 30, 2024
ROLLS-ROYCE plans to close its electrical propulsion unit, ROLLS-ROYCE ELECTRICAL, after failing to find a buyer.
article

AERO DESIGN LABS

Sep 30, 2024
AERO DESIGN LABS, TX has FAA/EASA certification for its next-generation drag reduction kit (Kit 2.0) for 737-800.
article

LILIUM

Oct 01, 2024
LILIUM completed first systems power-on milestone of its all-electric Lilium Jet to start the ground testing campaign.
article

HEICO

Oct 01, 2024
HEICO acquired 92.5% of Southern California-based MARWAY POWER SOLUTIONS (power distribution solutions); Marway's executive management will continue to own remaining 7.5%.
article

PDQ AIRSPARES

Oct 01, 2024
PDQ AIRSPARES (FDH Aero), CA was selected by GMF AeroAsia to provide Surplus2Revenue surplus asset management program for three years.
article

FREEFLIGHT SYSTEMS

Oct 01, 2024
FREEFLIGHT SYSTEMS released software upgrade for its 1203C SBAC/GNSS receiver to support Korea Augmentation Satellite System (KASS) and the Southern Positioning Augmentation Network (SouthPAN) GPS communication systems.
article

ENTROL

Oct 03, 2024
ENTROL has World Aviation Group order for three simulators, including an A320 FNPT II MCC, for installation at Madrid for operation in early 2025.
article

JOBY AVIATION

Oct 03, 2024
JOBY AVIATION secured commitment from TOYOTA MOTOR for additional $500m investment, increasing total to $894m in form of cash for common stock, to support certification and commercial production of its eVTOL air taxi.
article

IAM UNION DISTRICT 51/W24

Oct 03, 2024
IAM UNION DISTRICT 51/W24 reported that (as of October 2) there were no scheduled negotiations with BOEING.
article

TECHTEST

Oct 03, 2024
TECHTEST (HR Smith), UK was selected by Cathay Pacific to supply its 500-32-2Y-HF Survival Emergency Locator Transmitter (ELT) for its fleet.

Air Transport

TURKISH AIRLINES

Sep 28, 2024
TURKISH AIRLINES leased ex-Jetstar Pacific A320-200 (7796) with V2500s from Wings Capital Partners.

AWESOME CARGO

Sep 28, 2024
AWESOME CARGO, Mexico is expected to lease ex-Alitalia A330-200 (1252) from ALC; EFW is to convert to cargo.

SOUTH AFRICAN AIRWAYS

Sep 28, 2024
SOUTH AFRICAN AIRWAYS agreed to lease ex-China Eastern A320-200 (5053) with V2500s from ALC.

ICELANDAIR

Sep 28, 2024
ICELANDAIR plans May 16 to begin Reykjavik-Nashville, TN (737-800).

LAX

Sep 28, 2024
LAX handled 6.98m pax in August, down 0.55% vs August 2023.

DELTA AIR LINES

Sep 28, 2024
DELTA AIR LINES plans June 12 to begin daily Salt Lake City-Seoul Incheon (A350-900).

US DOT

Sep 28, 2024
US DOT says US airlines operated 657,233 flights in July, up 5.5% vs July 2023; on-time arrival rate was 68.4%.
article

AAPA

Sep 30, 2024
AAPA members carried 32.3m pax in August, up 21.7% vs August 2023; capacity rose 19.7%. Cargo increased 12.2%.
article

SATENA

Sep 30, 2024
SATENA, Colombia took delivery of new ATR 42-600 (1604; its first directly acquired from ATR) and now has 11 ATRs.
article

MARABU AIRLINES

Sep 30, 2024
MARABU AIRLINES, Estonia leased ex-IndiGo A320neo (8259) with GTFs from Jackson Square Aviation.
article

AIR NEW ZEALAND

Sep 30, 2024
AIR NEW ZEALAND leased ex-Cathay Pacific 777-300ER (42142) with GE90s from BBAM.
article

KLM

Sep 30, 2024
KLM took delivery of first (12144) of three LEAP-powered A321neos on lease from CDB Aviation; it now has two.
article

LOT POLISH AIRLINES

Sep 30, 2024
LOT POLISH AIRLINES agreed to lease four 737-8s (TBA) from Phoenix Aviation Capital/AIP Capital.
article

QATAR AIRWAYS GROUP

Oct 01, 2024
QATAR AIRWAYS GROUP plans to acquire 25% of VIRGIN AUSTRALIA from Bain Capital as part of deeper partnership.
article

ECOJET

Oct 01, 2024
ECOJET, UK is now hoping to launch in 1H25 out of Edinburgh using ATR 72-600s vs Dash 8-400s. It has ordered 22 ZA2000 hydrogen-electric engines, plus 40 options, for retrofit on its fleet as soon as they are certified (SPNWS; Aug 2).
article

THAI SMARTLYNX

Oct 01, 2024
THAI SMARTLYNX is being launched by Avia Solutions Group for 1H25 startup of A320 ACMI services in Thailand.
article

ASL AVIATION HOLDINGS

Oct 01, 2024
ASL AVIATION HOLDINGS acquired 737-800BCF (32693; ex-SunExpress) from AerCap for ASL AIRLINES BELGIUM.
article

ARCANO PARTNERS

Oct 01, 2024
ARCANO PARTNERS, Spain closed first aviation transaction with acquisition of a 777-300ER on lease to AIR CANADA; financing was provided by Investec Bank and Arena Aviation Capital was selected as lease manager on behalf of Arcano.
article

HELVETIC AIRWAYS

Oct 01, 2024
HELVETIC AIRWAYS secured contract extension to wet-lease up to 15 E-Jets/E2-Jets to SWISS for five more years.
article

CEBU PACIFIC

Oct 03, 2024
CEBU PACIFIC finalized order for 70 GTF-powered A321neos, increasing its backlog with Airbus to 94 A320neo Family aircraft (to join fleet of 61 ceo/neos) and seven A330neos. It signed LOI for up to 152 at Farnborough (SPNWS; July 5).
article

AZERBAIJAN AIRLINES

Oct 03, 2024
AZERBAIJAN AIRLINES agreed to lease three A320neos/three A321neos with LEAPs from AerCap for delivery in 2026.
article

RIVE PRIVATE INVESTMENT

Oct 03, 2024
RIVE PRIVATE INVESTMENT secured financing from volofin for portfolio of 107 engines/APUs managed by LXA Leasing.
article

ROYAL JORDANIAN

Oct 03, 2024
ROYAL JORDANIAN began twice-weekly Amman-Berlin Brandenburg (A319).
article

LOT POLISH AIRLINES

Oct 03, 2024
LOT POLISH AIRLINES leased ex-Bonza 737-8 (62533) from Altitude Aircraft Leasing.
article

MARABU AIRLINES

Oct 03, 2024
MARABU AIRLINES leased ex-IndiGo A320neo (8259) with JTFs from Jackson Square Aviation.
article

ROLLS-ROYCE & PARTNERS FINANCE

Oct 03, 2024
ROLLS-ROYCE & PARTNERS FINANCE established subsidiary at GIFT City, India, which finalized first transaction with Akasa Air for long-term sale and leaseback solution for two LEAP-1Bs delivering in September/October 2024.
article

AIR INDIA EXPRESS

Oct 03, 2024
AIR INDIA EXPRESS completed merger with AIX CONNECT (formerly AirAsia India), integrating its 22 A320s into fleet.
article

WILLIS LEASE FINANCE

Oct 03, 2024
WILLIS LEASE FINANCE entered into a Series A preferred stock purchase agreement with the Development Bank of Japan to refinance $50m of Series A-1/A-2 preferred stock into single $65m preferred stock series with 7-year term.
article

QATAR AIRWAYS

Oct 03, 2024
QATAR AIRWAYS plans December 11 to begin thrice-weekly Doha-Toronto Pearson (777-300ER).
article

GENESIS

Oct 03, 2024
GENESIS acquired A320-200 (3596; leased to HESTON AIRLINES, Lithuania) with CFM56s from SMBC Aviation Capital.
article

URBANLINK AIR MOBILITY

Oct 03, 2024
URBANLINK AIR MOBILITY, FL signed LOI to order 10 9-seat Alice all-electric commuter aircraft, and option 10, from Eviation for operation out of its hub cities of Miami, Los Angeles, and San Juan, PR. Eviation now has >$5b in orders.
article

AVOLON

Oct 03, 2024
AVOLON delivered nine new/five used aircraft on lease to 11 customers in 3Q24 vs seven/four in 3Q23; it sold 11 aircraft vs 14 and ended quarter with an owned/managed/committed fleet of 1,019 aircraft vs 897 a year ago.
article

AERCAP

Oct 03, 2024
AERCAP completed its inaugural Sukuk issuance of $500m with 5-year maturity period at profit rate of 4.5%.
article

IATA

Oct 03, 2024
IATA reports y-o-y global pax traffic rose 8.6% in August on 6.5% higher capacity; cargo rose 11.4%. It says continued strong demand growth is signaling a fast-approaching infrastructure capacity crunch that would restrict connectivity.
article

FRONTIER AIRLINES

Oct 03, 2024
FRONTIER AIRLINES secured $150m pre-delivery payment financing facility from Jackson Square Aviation, partially to finance its PDP payment obligations for A320neo family aircraft on order scheduled for delivery through 2027.
article

AERGO CAPITAL

Oct 03, 2024
AERGO CAPITAL purchased A320-200 (6662; leased to WIZZ AIR) from SkyWorks-managed investment vehicle.
article

MAVERICK HORIZON

Oct 03, 2024
MAVERICK HORIZON purchased ex-ITA A320-200 (1217) from FTAI Aviation for operation by ELECTRA AIRWAYS.
article

CHINA SOUTHERN AIRLINES

Oct 03, 2024
CHINA SOUTHERN AIRLINES plans in mid-December to begin Beijing Daxing-Sydney/-Melbourne, Australia (A330-300).

Business Aviation

TEXTRON AVIATION

Sep 28, 2024
TEXTRON AVIATION and its affiliate TRU SIMULATION have pulled out of 2024 NBAA-BACE, Oct 22-24 in Las Vegas.
article

GOGO

Sep 30, 2024
GOGO has agreed to acquire SATCOM DIRECT (inflight connectivity) for $375m in cash and 5m shares of Gogo stock at closing, plus up to an additional $225m in payments tied to certain performance thresholds over next four years.
article

TEXTRON AVIATION

Oct 03, 2024
TEXTRON AVIATION has reversed its position regarding the 2024 NBAA-BACE in response to customer feedback and will now participate with static display with its Cessna Citation business jets.
article

WEST STAR AVIATION

Oct 03, 2024
WEST STAR AVIATION announced 109,000 sq ft expansion (40,000 sq ft hangar) at Grand Junction, CO for 2Q26.

Business Aviation/MRO

article

DUNCAN AVIATION

Oct 01, 2024
DUNCAN AVIATION plans to build $25m, 41,500 sq ft dual-bay paint facility at Lincoln, NE for January 2026 to increase capacity, joining existing 45,000 sq ft facility built in 2012. It will decommission two bays built in 1990.
article

JET AVIATION

Oct 01, 2024
JET AVIATION acquired Jet IN’s FBO and ground handling facility at Milwaukee, which includes a 10,000 sq ft pax terminal, 40,000 sq ft of aircraft hangarage, 10,000 sq ft maintenance shop, and >3 acres of dedicated ramp space.

Defense

EMBRAER

Sep 28, 2024
EMBRAER delivered the seventh C-390 to the BRAZILIAN AIR FORCE.
article

DASSAULT AVIATION MRO INDIA

Sep 30, 2024
DASSAULT AVIATION MRO INDIA is being established in Uttar Pradesh to support Mirage 2000s for Indian Air Force.
article

PRATT & WHITNEY

Oct 01, 2024
PRATT & WHITNEY has $1.3b contract to continue work on the F135 Engine Core Upgrade (ECU) for enhanced durability.
article

PRATT & WHITNEY

Oct 03, 2024
PRATT & WHITNEY opened $255m, 845,000 sq ft military engine program hub facility in Oklahoma City, OK.
article

CAE

Oct 03, 2024
CAE has 25-year, C$1.7b subcontract to provide pilot training for RCAF.
article

EMBRAER

Oct 03, 2024
EMBRAER signed an Industrial Cooperation Agreement (ICA) with Czech MOD, increasing workshare on the C-390 Millennium program for AERO VODOCHODY and providing knowledge exchange on C-390 maintenance to LOM PRAHA.

MRO

AAR

Sep 28, 2024
AAR has 5-year, $1.2b US Navy contract for CFM56 engine depot maintenance for P-8As; DELTA TECHOPS is partner.

LIEBHERR-AEROSPACE

Sep 28, 2024
LIEBHERR-AEROSPACE was selected by Azul to provide package of Health Management solutions to enhance aircraft maintenance operations for Liebherr's bleed, air management, landing gear and flight control system components.

MAB ENGINEERING

Sep 28, 2024
MAB ENGINEERING, Malaysia has 2-year Firefly contract to perform ATR propeller maintenance under newly announced partnership with PIEDMONT PROPULSION SYSTEMS, covering comprehensive inspections, repairs, and exchanges.

BUSINESS AVIATION GROUP

Sep 28, 2024
BUSINESS AVIATION GROUP is building 57,680 sq ft hangar campus at Yampa Regional (near Steamboat Springs, CO).

AVIATOR AIRPORT ALLIANCE

Sep 28, 2024
AVIATOR AIRPORT ALLIANCE was selected by Pegasus Airlines to provide 737/A320 ground services at Helsinki-Vantaa under multi-year agreement.
article

PRECISION AVIATION GROUP

Sep 30, 2024
PRECISION AVIATION GROUP (GenNx360 Capital Partners), Atlanta acquired US-based ICON AEROSPACE and TAG AERO from Mill Hill Capital, FL to expand its avionics/instruments/accessories and APU repair and overhaul capabilities.
article

AMECO

Sep 30, 2024
AMECO was licensed by Honeywell to perform in-house repairs of hydro-mechanical units (HMUs) for Air China 737NGs.
article

LIEBHERR-AEROSPACE

Sep 30, 2024
LIEBHERR-AEROSPACE has 3-year EGYPTAIR M&E contract provide maintenance and re-coring services of heat transfer equipment on customer A320ceo/neo Family aircraft; work will be performed by LIEBHERR AEROSPACE SALINE, MI.
article

ASIA DIGITAL ENGINEERING (ADE)

Sep 30, 2024
ASIA DIGITAL ENGINEERING (ADE), Malaysia opened 380,000 sq ft, 14-bay narrowbody MRO hangar facility at Sepang.
article

TRAX

Oct 01, 2024
TRAX transitioned WestJet to a paperless/mobile fleet maintenance operation, comprising eMRO product/eMobility apps/Trax Cloud hosting.
article

AIRBORNE COLOURS

Oct 01, 2024
AIRBORNE COLOURS opened new £6.5m, 27,000 sq ft aircraft painting facility at Teeside International Airport in UK, designed to accommodate around 35 projects per year; it has inducted the first aircraft, a 737-800 for Jet2.
article

AJW GROUP

Oct 01, 2024
AJW GROUP was selected by Modern Logistics, Brazil to provide power-by-the-hour (PBH) support for its 737s.
article

STANDARDAERO

Oct 03, 2024
STANDARDAERO launched upsized IPO of 60m shares of common stock on NYSE at $24 each.
article

SHANNON TECHNICAL SERVICES

Oct 03, 2024
SHANNON TECHNICAL SERVICES launched unit in Singapore to enhance its presence, including aircraft redeliveries/transitions/inspections, in Asia.
article

ATS TECHNIC

Oct 03, 2024
ATS TECHNIC began building 15,000 sq meter MRO hangar at at Al Maktoum International (Dubai South) for mid-2025.
article

LUFTHANSA TECHNIK

Oct 03, 2024
LUFTHANSA TECHNIK was selected by LATAM to apply AeroSHARK drag-reducing riblet film on four more 777s (now five).
article

ST ENGINEERING

Oct 03, 2024
ST ENGINEERING has exclusive contract with India's Akasa Air to provide LEAP-1B maintenance, including Performance Restoration Shop Visit (PRSV) services, for about 225 MAXs over the next 15 years.
article

AVIATOR AIRPORT ALLIANCE

Oct 03, 2024
AVIATOR AIRPORT ALLIANCE has 3-year easyJet contract to provide ground handling and de-icing services at Tromsø (14 weekly flights).
article

3TOP AVIATION SERVICES

Oct 03, 2024
3TOP AVIATION SERVICES, UK acquired two ex-TAROM A318-100s (2955/3220) for part out by ECUBE.

Who’sNews

WHO'SNEWS: SMBC AVIATION CAPITAL

Sep 28, 2024
Andrew Beer as Executive Vice President of Airline Marketing (APAC), based in Singapore, of SMBC Aviation Capital.

WHO'SNEWS: AELS

Sep 28, 2024
Liset Geijselaers to Chief Operating Officer of AELS, The Netherlands.

WHO'SNEWS: AEOLUS ENGINE SERVICES

Sep 28, 2024
Sandra Byrne to Chief Financial Officer of Aeolus Engine Services, Ireland.
article

WHO'SNEWS: LUFTHANSA INDUSTRY SOLUTIONS

Sep 30, 2024
Dietmar Focke to Managing Director of Lufthansa Industry Solutions, Germany (effective November 2024).
article

WHO'SNEWS: SWISS WORLDCARGO

Sep 30, 2024
Alain Chisari to Head of Swiss WorldCargo.
article

WHO'SNEWS: FLYEXCLUSIVE

Sep 30, 2024
Brad Garner to Chief Financial Officer of flyExclusive, NC.
article

WHO'SNEWS: FLYEXCLUSIVE

Sep 30, 2024
Matt Lesmeister to Chief Operating Officer of flyExclusive, NC.
article

WHO'SNEWS: FLYEXCLUSIVE

Sep 30, 2024
Mike Guina to Chief Commercial Officer of flyExclusive, NC.
article

WHO'SNEWS: CRISALION

Oct 03, 2024
Manuel Heredia Ortiz to Chief Executive Officer of CRISALION Mobility, Spain.
article

WHO'SNEWS: DAHER

Oct 03, 2024
Richard Montanel to Head of Industrial Operations, based in Tarbes, France, of Daher.
article

WHO'SNEWS: TUI AIRLINE

Oct 03, 2024
Peter Glade to Chief Commercial Officer of TUI Airline, Germany (effective November 1).
article

WHO'SNEWS: DYNAMIC AVIATION

Oct 03, 2024
Michael Mendolia to Chief Operating Officer of Dynamic Aviation, Bridgewater, VA.
article

WHO'SNEWS: SHANNON TECHNICAL SERVICES SINGAPORE

Oct 03, 2024
Nor Ashria to Chief Commercial Officer of Shannon Technical Services Singapore; Ben Whelan will assume role of CEO.
article

WHO'SNEWS: SAS

Oct 03, 2024
Peter Cabello Holmberg to Chief Information Officer of SAS.
article

WHO'SNEWS: STRATOS

Oct 03, 2024
Michihiro Enomoto to Head of Japan of Stratos.