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Aerospace

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BOEING

Oct 15, 2024
BOEING announced plans to position itself for the future amid challenges faced from underperformance and IAM strike: It is reducing its total workforce by 10%, including executives, managers and employees, and as such will be terminating the next cycle of furloughs; delaying the 777X program and now expects delivery of first 777-9 in 2026 and 777-8F in 2028; concluding production of 767F in 2027, but continue production of 767-2Cs (KC-46As); and looking to improve its BDS business (details TBA) as performance on fixed-price development programs is simply not where it needs to be.
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BOEING

Oct 15, 2024
BOEING expects on Oct 23 to report 3Q24 revenues of $17.8b (vs $18.1b in 3Q23), GAAP loss per share of $9.97, and operating cash flow of -$1.3b; cash and investments in marketable securities totaled $10.5b at the end of the quarter. COMMERCIAL AIRPLANES expects to recognize pre-tax earnings charges of $3b on the 777X and 767 programs; and BDS expects to recognize pre-tax earnings charges of $2b on the T-7A, KC-46A, Commercial Crew, and MQ-25 programs.
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AVIATION WEEK NETWORK

Oct 15, 2024
AVIATION WEEK NETWORK forecasts worldwide delivery of >21,900 new commercial aircraft (43,958 engines) over the next 10 years, increasing fleet by 3.1% per year to 44,600 aircraft by 2034; global MRO demand is valued at $1,388b.
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PRECINMAC

Oct 15, 2024
PRECINMAC, ME was acquired by CENTERBRIDGE PARTNERS. It supplies complex precision components for mission-critical applications in aerospace, defense, space, semiconductor and other high-requirements end markets.
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BRITTEN-NORMAN

Oct 15, 2024
BRITTEN-NORMAN secured significant capital injection from Northern Ireland-based BEECHLANDS ENTERPRISES, completing its second funding round to accelerate production of Islander aircraft and grow its aftermarket business.
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COMAC

Oct 15, 2024
COMAC is understood to be rebranding the ARJ21 as the C909 after new livery was spotted on test aircraft.
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MTU AERO ENGINES

Oct 15, 2024
MTU AERO ENGINES raised its 2024 earnings guidance based on preliminary results, which show adjusted EBIT margin of 14% (revenue guidance is unchanged). It is now projecting an adjusted EBIT of >€1b for year, up from €950m-€980m.
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EVE AIR MOBILITY

Oct 15, 2024
EVE AIR MOBILITY secured US$88m loan from Brazil's BNDES to finance eVTOL manufacturing in Taubate, SP.
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DUKANE SEACOM (HEICO)

Oct 15, 2024
DUKANE SEACOM (HEICO) received COSPAS-SARSAT Type Approval Certificate (TAC) for its second generation ELT-DT.
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HONEYWELL

Oct 15, 2024
HONEYWELL received FAA certification for its Aspire 350 hybrid SATCOM terminal that includes legacy and next-gen Iridium safety and Iridium Certus services in one system to provide secure cockpit and cabin airtime services.
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COMAC

Oct 15, 2024
COMAC is understood to be rebranding the ARJ21 as the C909.
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INTEGRATED POLYMER SOLUTIONS (IPS)

Oct 15, 2024
INTEGRATED POLYMER SOLUTIONS (IPS) acquired RMB PRODUCTS, CO (engineered solutions/advanced polymer processes).
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FDH AERO

Oct 15, 2024
FDH AERO, CA has Shanghai Aircraft Manufacturing (SAMC) contract for supply chain support for COMAC C919 program.
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BOEING

Oct 15, 2024
BOEING has secured $10b supplemental credit agreement with BofA, Citibank, Goldman Sachs and JPMorgan. It also announced it may offer from time to time any combination of securities, stock and/or depositary shares to raise $25m.
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UNILODE

Oct 15, 2024
UNILODE renewed ULD management contract with Cargolux for five years.
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PRATT & WHITNEY CANADA

Oct 15, 2024
PRATT & WHITNEY CANADA has ACIA Aero Leasing order for 10 new PW127Ms for delivery starting in 2025.
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BEACON AI

Oct 16, 2024
BEACON AI, CA raised $15m in Series A funding, led by Costanoa Ventures, to develop AI solution for aircraft flight decks, and has now raised $20m.
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TITANIA SOLUTIONS GROUP

Oct 17, 2024
TITANIA SOLUTIONS GROUP, VA acquired Colorado-based FOLSYS ENGINEERING (satellite systems engineering).
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LIBERTY HALL CAPITAL PARTNERS

Oct 17, 2024
LIBERTY HALL CAPITAL PARTNERS closed single-asset continuation fund with Lead Edge Capital Management to support investment strategy, including strategic acquisitions, of COMPLY365. It has now invested >$1b in equity capital.
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AURA AERO

Oct 17, 2024
AURA AERO announced plans to start building 500,000 sq ft manufacturing and assembly plant at Florida's Daytona Beach International Aircraft in 2026 for completion in 4Q28 for producing its hybrid-electric regional aircraft.

Aerospace/MRO

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VSE

Oct 16, 2024
VSE agreed to acquire KELLSTROM AEROSPACE GROUP, FL from AE Industrial Partners for $200m ($185m cash/$15m stock) to improve its position in the commercial aircraft engine aftermarket; deal is expected to close in 4Q24. It also announced public offering of up to 2m shares of common stock at $87 each to finance portion of the purchase price.

Air Transport

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EMBRAER, MCTI AND FINEP

Oct 12, 2024
EMBRAER, MCTI and FINEP announced US$23m federal research project in Brazil to develop sustainable aircraft technologies, prioritizing (1) technologies for the design and production of aerodynamical and structural high-efficiency composite wings and (2) feasibility of technologies or autonomous systems that focus on safety and pilot workloads.
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EMBRAER

Oct 12, 2024
EMBRAER received FAA certification for E190F (E-Freighter) conversion program and aircraft's cargo loading system, supplied by US CARGO SYSTEMS, NC; prototype (360; ex-Avianca) is owned by REGIONAL ONE (operator TBA).
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VIRGIN AUSTRALIA

Oct 15, 2024
VIRGIN AUSTRALIA posted A$519m EBIT for FY24, up 18.2% vs FY23; Group revenue rose 6.8% to A$5.4b.
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TURKISH AIRLINES

Oct 15, 2024
TURKISH AIRLINES leased second ex-Jetstar Pacific A320-200 (7771) with V2500s from Wings Capital Partners.
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HEATHROW

Oct 15, 2024
HEATHROW handled record 7.3m pax in September, up 3% vs September 2023.
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AZUL

Oct 15, 2024
AZUL, Brazil leased second ex-Condor A330-200 (991) with Trent 700s from Avolon.
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VUELING

Oct 15, 2024
VUELING, Spain leased ex-SAS A320-200 (2883) with V2500s from AerCap.
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CHALLENGE GROUP

Oct 15, 2024
CHALLENGE GROUP leased two 767-300BDSFs (29435/30301; ex-Ikar) with PW4000s from AerCap and now has four.
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HI FLY MALTA

Oct 15, 2024
HI FLY MALTA leased ex-TAM A330-200 (700) with CF6s from AELF FlightService.
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IBS SOFTWARE

Oct 15, 2024
IBS SOFTWARE, Indianapolis was selected by Republic Airways to develop and supply next-generation crew scheduling bidding software system.
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KOREAN AIR

Oct 15, 2024
KOREAN AIR plans November 24 to resume daily Seoul Incheon-Kumamoto (A321). It stopped service in 1997.
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MARABU AIRLINES

Oct 15, 2024
MARABU AIRLINES agreed to lease four A320neos from Jackson Square Aviation; first two (8158/8259; ex-IndiGo) delivered.
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THAI AIRWAYS

Oct 15, 2024
THAI AIRWAYS took delivery of first ex-Virgin A330-300 (1315) on lease from CDB Aviation under deal for two.
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CENTRUM AIR

Oct 15, 2024
CENTRUM AIR, Uzbekistan plans November 1 to begin Tashkent-Doha (A321neo).
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APEX LOGISTICS

Oct 15, 2024
APEX LOGISTICS wet-leased ex-Air Atlanta Icelandic 747-400F (28367) from Atlas Air.
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CAPITAL A

Oct 15, 2024
CAPITAL A received shareholder approval for proposed disposal of its aviation business to AIRASIA X (AAX).
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FRANKFURT AIRPORT

Oct 15, 2024
FRANKFURT AIRPORT handled 5.8m pax in September, up 1.1% vs Sept 2023.
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ELLIOTT INVESTMENT MANAGEMENT

Oct 15, 2024
ELLIOTT INVESTMENT MANAGEMENT officially requested a special meeting of SOUTHWEST AIRLINES shareholders on December 10 to discuss a thorough reconstitution of the airline's Board of Directors, seeking to oust eight members.
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US DOT

Oct 15, 2024
US DOT says inflation-adjusted US domestic air fares averaged $382 in 2Q24, down 2.6% from $392 in 1Q24.
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INTERCARIBBEAN AIRWAYS

Oct 16, 2024
INTERCARIBBEAN AIRWAYS plans December 1 to begin twice-weekly Grenada-Georgetown, Guyana (ERJ 145).
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LIFE FLIGHT NETWORK

Oct 16, 2024
LIFE FLIGHT NETWORK added a second Pilatus PC-12 to its fixed-wing air medical fleet in Boise, ID.
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UNITED AIRLINES

Oct 16, 2024
UNITED AIRLINES had $965m net income on $14.8b revenues in 3Q24 vs $1.1b on $14.5b in 3Q23. It ended quarter with $17.1b of total liquidity and announced $1.5b stock repurchase program, capped at $500m through end of 2024.
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SKYWEST

Oct 16, 2024
SKYWEST has agreement with United to begin operating (initially 11) CRJ550s as United Express from December 2024.
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NAVBLUE

Oct 16, 2024
NAVBLUE launched Mission+ DOC Manager to manage and customize Airbus/company flight operations manuals, now in use by seven airlines.
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CENTRAL AIRLINES

Oct 16, 2024
CENTRAL AIRLINES, China leased two 777Fs (66079/66080) from DHL Express and wet-leased it back.
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AIR SIERRA LEONE

Oct 16, 2024
AIR SIERRA LEONE is being launched by Sierra Leone Govt for December 2024 startup to Abidjan, Accra, Monrovia, Banjul, Dakar, Conakry, and London Gatwick using a 737-8 and three ERJs operated by Nigeria's XEJET AVIATION.
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EASYJET

Oct 16, 2024
EASYJET extended lease of an A320-200 from October 2026 to March 2029 from Avation, Singapore.
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CALC

Oct 16, 2024
CALC secured US$400m warehouse facility, led by BNP Paribas, CACIB, MUFG and Natixis CIB, to finance aircraft purchases, refinance assets and bolster growth initiatives. It has owned/managed/committed fleet of 319 aircraft.
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MALAYSIA AIRLINES

Oct 16, 2024
MALAYSIA AIRLINES says it now expects delivery of its first of 20 A330neos in late November 2024 due to production delays. It is working closely with Airbus and Avolon on new timeline and expects to have five by 1Q25.
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MESA AIR GROUP

Oct 16, 2024
MESA AIR GROUP had $19.9m net loss on $111m revenues for third quarter ended June 30 vs $47.6m loss on $115m a year ago; it extended increased block-hour rate on E175 flying with United through August 2025 while negotiating new deal.
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STARLUX

Oct 16, 2024
STARLUX, Taiwan completed its IPO bidding auction, which was oversubscribed by 115% with capital of US$1b.
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AMERICAN AIRLINES

Oct 17, 2024
AMERICAN AIRLINES received tentative US DOT approval to operate San Antonio-Washington National.
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ETIHAD AIRWAYS

Oct 17, 2024
ETIHAD AIRWAYS plans October 1, 2025 to begin daily Abu Dhabi-Dusseldorf/-Copenhagen (TBA).
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AIRBALTIC

Oct 17, 2024
AIRBALTIC issued another €40m in senior secured notes due 2029, increasing total to €380m, to finance growth.
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ABRA GROUP

Oct 17, 2024
ABRA GROUP, UK completed previously announced strategic investment into Spain's WAMOS AIR (air charters/wet-leases).
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PLAY

Oct 17, 2024
PLAY announced change to its business model and will significantly cut back capacity on North Atlantic routes in favor of emphasizing services to Southern Europe. It is applying for AOC in Malta to operate 3-4 aircraft at Tenerife.
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AVILEASE

Oct 17, 2024
AVILEASE (Public Investment Fund), Saudi Arabia acquired a 787-9 from BBAM; neither party would comment further.
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MESA AIR GROUP

Oct 17, 2024
MESA AIR GROUP had $19.9m net loss on $111m revenues for third quarter ended June 30 vs $47.6m loss on $115m a year ago; it extended increased block-hour rate on E175 flying with United through August 2025 while negotiating new deal.
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STARLUX

Oct 17, 2024
STARLUX, Taiwan completed its IPO bidding auction, which was oversubscribed by 115% with capital of US$1b.
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RYANAIR

Oct 17, 2024
RYANAIR says it has received only four of 20 already-delayed 737-8200s promised by Boeing for 4Q24 and expects remaining 16 to run into 1Q25. It says it is supposed to get 30 more in March-June, but CEO is not "holding his breath."
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ETHIOPIAN AIRLINES

Oct 17, 2024
ETHIOPIAN AIRLINES extended lease of 777-300ER (42101) from Amedeo on behalf of an institutional investor.
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FRENCH BEE

Oct 17, 2024
FRENCH BEE plans April 30 to begin Paris Orly-Montreal (A350-900).
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JETBLUE

Oct 17, 2024
JETBLUE is expected to retire its E190 fleet by September 2025 in favor of A220-300s as replacements.
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HONG KONG SAR GOVERNMENT

Oct 17, 2024
HONG KONG SAR GOVERNMENT announced initiatives to bolster its aviation hub with three-runway system.
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TRANSAVIA FRANCE

Oct 17, 2024
TRANSAVIA FRANCE took delivery of new LEAP-powered A320neo (12331) on lease from Avolon.

Business Aviation

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MANDARIN AIRLINES

Oct 12, 2024
MANDARIN AIRLINES ordered another ATR 72-600 for delivery in 1Q26; three of the six previously ordered at last year’s Paris Air Show have been delivered, while deliveries of the next three are scheduled for 2H25 (SPNWS; June 23, '23).
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TRANSAVIA FRANCE

Oct 12, 2024
TRANSAVIA FRANCE took delivery of another new A320neo (12256) with LEAP-1As on lease from Avolon.
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IATA

Oct 12, 2024
IATA added China United Airlines and Air Incheon as new members.
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UNITED AIRLINES

Oct 12, 2024
UNITED AIRLINES is now expecting delivery of its first A321XLR in January 2026 vs 2024 as originally planned.
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QANTASLINK

Oct 12, 2024
QANTASLINK says it will retire its last 717-200 at end of October; fleet is being replaced with A220s.
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LOT POLISH AIRLINES

Oct 12, 2024
LOT POLISH AIRLINES took delivery of third E195-E2 (135) on lease from Azorra, completing deal for three.
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JET TEST

Oct 12, 2024
JET TEST, NV says it completed four 747-400 ferry flights, between Kyrgyzstan, China, Belgium, and Germany (21,979 nm), in six days.
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LOT POLISH AIRLINES

Oct 12, 2024
LOT POLISH AIRLINES leased ex-Bonza 737-8 (43974) from Anka Aviation Capital, Dublin.
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GOGO BUSINESS AVIATION

Oct 15, 2024
GOGO BUSINESS AVIATION says unprecedented demand for its Gogo Galileo HDX LEO satellite service has driven its dealer network to complete 27 STCs to cover >18,000 aircraft globally. It is flight testing the system on a Challenger 300.
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AVIATION WEEK NETWORK

Oct 15, 2024
AVIATION WEEK NETWORK forecasts global delivery of >11,900 new business aircraft (>20,400 engines) over next 10 years, increasing fleet 1.4% per year to >40,100 jet/turboprop aircraft by 2034; 10-year MRO demand is valued at >$146b.
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BLUETAIL

Oct 15, 2024
BLUETAIL launched Technical Services Partner Network with pre-vetted members to provide Part 135 charter operators with conformity inspections/aircraft records audits/pre-purchase inspections, augmenting its aircraft records platform.
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SKYSERVICE

Oct 15, 2024
SKYSERVICE broke ground on 60,000 sq ft FBO, including 40,000 sq ft hangar, at Napa, CA for completion in late 2025.
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SATCOM DIRECT

Oct 15, 2024
SATCOM DIRECT was selected by Gulfstream Aerospace to supply Plane Simple Ku-band tail-mount terminal for new G650s, G650ERs, G500s and G600s; the first (G600) was completed/delivered with several installations now in progress.
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GARMIN

Oct 16, 2024
GARMIN introduced FAA TSO-certified G3000 PRIME flight deck for Part 23 turbine, military and advanced air mobility (AAM) markets; system features all-touchscreen displays and highly flexible open system architecture for adaptability.

MRO

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FL TECHNICS INDONESIA

Oct 12, 2024
FL TECHNICS INDONESIA secured extension of its certification with Thailand for 737/A320 base maintenance.
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LUFTHANSA TECHNIK

Oct 15, 2024
LUFTHANSA TECHNIK was selected by VietJet Air to provide AVIATAR electronic technical logbook (eTL) for its A320/A321s and A330s.
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ENTER AIR SERVICES

Oct 15, 2024
ENTER AIR SERVICES was certified to open new narrowbody maintenance hangar at Debrecen, Hungary by end October.
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LUFTHANSA TECHNIK SHENZHEN

Oct 15, 2024
LUFTHANSA TECHNIK SHENZHEN was selected by Philippine Airlines to provide A321ceo nacelle (V2500) maintenance.
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MITSUI & CO

Oct 15, 2024
MITSUI & CO was appointed exclusive sales rep in Japan for AJW Group.
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SWISS-AS AND AEROXCHANGE

Oct 15, 2024
SWISS-AS and AEROXCHANGE released new electronic data interchange (EDI) interface between their respective AMOS and AeroRepair platforms.
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EMBRAER

Oct 16, 2024
EMBRAER plans (in partnership with City of Fort Worth, Denton County and State of Texas) to invest $70m into E-Jet MRO facility at Fort Worth Alliance to open in 2Q25 out of existing hangar; a second hangar will be built for 2027.
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APOC AVIATION

Oct 16, 2024
APOC AVIATION, The Netherlands secured significant multi-faceted financing facility with Deutsche Bank to expand its business portfolio. It plans to deploy US$140m of capital expenditure on aircraft and engine assets in next 12 months.
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TDA

Oct 16, 2024
TDA acquired ex-easyJet A319-100 (2812) for part out by WILLIS AVIATION SERVICES at Teesside International.
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BROWARD AVIATION SERVICES

Oct 17, 2024
BROWARD AVIATION SERVICES opened 10,000 sq ft spare parts warehouse (stock valued at $15m) in Shannon, Ireland.
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FOKKER SERVICES GROUP

Oct 17, 2024
FOKKER SERVICES GROUP was selected by Egypt's Red Sea Airlines to provide component support for two 737-800s.

DEFENSE

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AIRBUS DEFENCE AND SPACE

Oct 17, 2024
AIRBUS DEFENCE AND SPACE is reorganizing its structure to result in reduction of up to 2,500 positions by mid-2026.

Who’sNews

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WHO'SNEWS: AFG AVIATION

Oct 15, 2024
Eddie Kim to a Sales Executive, based in Korea, of AFG Aviation Ireland; he was formerly Fleet Transaction Manager at Eastar Jet.
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WHO'SNEWS: EASYJET

Oct 15, 2024
Jan De Raeymaeker to Chief Financial Officer of easyJet (effective early 2025).
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WHO'SNEWS: ITA AIRWAYS

Oct 15, 2024
Armando Varricchio to President of ITA Airways, Italy.
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WHO'SNEWS: MENZIES AVIATION

Oct 15, 2024
Oliver Ashton to SVP-Cargo Americas of Menzies Aviation; Chris Dohne was promoted to SVP-Sales, Commercial & Business Development.
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WHO'SNEWS: AVIA SOLUTIONS GROUP

Oct 15, 2024
Tom Klein, Senior Managing Director of US-based Certares Management, was named Executive Vice Chairman of Avia Solutions Group, Ireland.
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WHO'SNEWS: BANSI AVIATION

Oct 16, 2024
Kurt Holden to Director of Operations of Bansi Aviation, FL.
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WHO'SNEWS: ASTRONICS

Oct 16, 2024
Nancy L. Hedges to Chief Financial Officer of Astronics, NY (effective January 4).
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WHO'SNEWS: NATA

Oct 16, 2024
Jenny Ann Urban to Vice President of Regulatory Affairs of NATA, Washington, DC.
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WHO'SNEWS: DEUCALION AVIATION

Oct 16, 2024
Nate Riggs to Chief Commercial Officer, based in New York, of Deucalion Aviation.
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WHO'SNEWS: AERO NORWAY

Oct 16, 2024
Kenneth Johnston to LEAP Program Manager of Aero Norway, Stavanger.
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WHO'SNEWS: SKYTRAC SYSTEMS

Oct 17, 2024
Shane Sullivan to Vice President of Operations of SKYTRAC Systems, Canada.
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WHO'SNEWS: MACQUARIE AIR FRANCE

Oct 17, 2024
Lynn Guiney to Chief Commercial Officer of Macquarie AirFinance (effective January 1); Liam Kavanagh is retiring.
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WHO'SNEWS: AIR TAHITI NUI

Oct 17, 2024
Philippe Marie to Chief Executive Officer of Air Tahiti Nui.
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WHO'SNEWS: AFI KLM E&M

Oct 17, 2024
Mathieu Essenberg to Executive Vice President of AFI KLM E&M (effective January 1); Ton Dortmans is retiring.