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Aerospace

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AVIONICS SUPPORT GROUP and MAXPOSURE

Nov 04, 2024
AVIONICS SUPPORT GROUP and MAXPOSURE teamed to launch wireless IFE system for the Americas market.
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SIEMENS

Nov 04, 2024
SIEMENS agreed to sell its airports logistics business to VANDERLANDE for €300m. It also acquired ALTAIR ENGINEERING (AI industrial software).
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JOBY AVIATION and TOYOTA

Nov 04, 2024
JOBY AVIATION and TOYOTA completed first eVTOL air taxi flight in Japan.
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TRIUMPH GROUP

Nov 04, 2024
TRIUMPH GROUP postponed issuance of its 2Q results from Nov 4 to Nov 12 as result of a recent and favorable settlement with Boeing related to pricing on its Interiors contracts; additional time is required to finalize the accounting.
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JETZERO

Nov 04, 2024
JETZERO announced new supplier contracts for key components of the Flight Control System on its full-scale blended wing body (BWB) demonstrator: BAE SYSTEMS for pilot controls and actuation controllers; MOOG for flight control actuators; SAFRAN for pilot controls; THALES for flight control computers; and WOODWARD for trim control modules.
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SK CAPITAL

Nov 04, 2024
SK CAPITAL completed acquisition of Parker Hannifin's North America Composites & Fuel Containment (CFC) Division (engineered carbon fiber composite components and fuel containment solutions), renamed AXILLON AEROSPACE.
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TRIMAS AEROSPACE

Nov 04, 2024
TRIMAS AEROSPACE earned $6.3m on $70.8m sales in 3Q24 vs $7.1m on $67.6m in 3Q23; sales suffered from delayed shipments from 10-week work stoppage at one of its fastener manufacturing locations, which has since been resolved.
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TORAY ADVANCED COMPOSITES

Nov 04, 2024
TORAY ADVANCED COMPOSITES acquired assets, technology and intellectual property of GORDON PLASTICS, CO (continuous fiber reinforced thermoplastic composite materials) and its 47,000 sq ft production facility at Denver.
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DEUTSCH AIRCRAFT and PRATT & WHITNEY CANADA

Nov 06, 2024
DEUTSCHE AIRCRAFT and PRATT & WHITNEY CANADA completed series of five test flights of PW119B-powered D328 UpLift research aircraft using 100% fully synthetic Fischer-Tropsch fuel in preparation for PW127XT-S-powered D328eco.
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IAM DISTRICT

Nov 06, 2024
IAM DISTRICT 751/24 announced membership voted (59%-41%) to accept latest proposal from BOEING, ending strike and returning to work as soon as November 6.
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CAE

Nov 06, 2024
CAE is investing US$230m to increase ownership stake (to majority owner) in SIMCOM AVIATION TRAINING joint venture (via share purchase from Volo Sicuro) and extend exclusive training contract with FLEXJET and its affiliates.
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LILIUM

Nov 06, 2024
LILIUM, Germany appointed KPMG to conduct M&A process to rescue company and continue development of Lilium Jet.
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ANAC

Nov 06, 2024
ANAC, Brazil has published the final version of airworthiness criteria for certification of eVTOL aircraft being developed by EVE AIR MOBILITY.
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RAISBECK ENGINEERING and CiES

Nov 06, 2024
RAISBECK ENGINEERING and CiES teamed to develop new fuel quantity probes for Cessna Caravan for 1Q25.
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SIGNIA AEROSPACE

Nov 06, 2024
SIGNIA AEROSPACE completed acquisition of GOODRICH HOIST & WINCH from Collins Aerospace (SPNWS; July 12).
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VSE AVIATION

Nov 06, 2024
VSE AVIATION earned $25.4m on $204m revenues in 3Q24 vs $21m on $152m in 3Q23; MRO revenues increased 12%.
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HOWMET AEROSPACE

Nov 06, 2024
HOWMET AEROSPACE had $332m net income on $1.8b revenues in 3Q24 vs $188m on $1.7b in 3Q23; commercial rose 17%.
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CYIENT DLM

Nov 06, 2024
CYIENT DLM, India was selected by Honeywell Aerospace as partner for 16-year program to develop liquid cooling loops for select applications of micro vapor cycle systems (Micro VCS) for cabin temperature control.
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PRATT & WHITNEY CANADA

Nov 06, 2024
PRATT & WHITNEY CANADA plans to demonstrate hydrogen combustion technology on a PW127XT under Hydrogen Advanced Design Engine Study (HyADES) project supported by Canada's Initiative for Sustainable Aviation Technology (INSAT); NEXT HYDROGEN SOLUTIONS will collaborate, developing electrolyzers needed for hydrogen production infrastructure.
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TELEDYNE TECHNOLOGIES

Nov 06, 2024
TELEDYNE TECHNOLOGIES agreed to acquire select aerospace and defense electronics businesses, including QIOPTIQ in Northern Wales, UK and US-based ADVANCED ELECTRONIC SYSTEMS, from Excelitas Technologies for $710m.
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MAGELLAN AEROSPACE

Nov 06, 2024
MAGELLAN AEROSPACE had C$5.8m net income on C$223.5m revenues in 3Q24 vs C$3.7m on C$213m in 3Q23.
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IAM DISTRICT 51

Nov 08, 2024
IAM DISTRICT 51 has negotiated a new, updated contract proposal, now comprising a 38% general wage increase spread over four years, with BOEING that it is endorsing and recommending to members; vote is Monday, November 4.
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EATON AEROSPACE

Nov 08, 2024
EATON AEROSPACE earned $230m on $946m sales in 3Q24 vs $209m on $867m in 3Q23.
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NIAR

Nov 08, 2024
NIAR, in partnership with ARCONIC and EMBRAER, completed fabrication/delivery of a full-scale fuselage structural test panel to the FAA’s William J. Hughes Technical Center in Atlantic City, NJ to assess emerging metallic structures technologies (EMST); technologies being considered include advanced aluminum-lithium alloys and hybrid construction.
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AVAIR

Nov 08, 2024
AVAIR expanded aftermarket sales agreement with Lufthansa Technik Component Services to include >1,600 overhauled wheels and brakes.
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IFPL GROUP

Nov 08, 2024
IFPL GROUP was selected by Finnair to supply Cobalt Spectrum LED mood lighting systems for retrofit on 12 E190s.
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ATI

Nov 08, 2024
ATI announced sale of its precision rolled strip operations in New Bedford, MA and Remscheid, Germany to ULBRICH in order to focus on aerospace.
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TRANSDIGM GROUP

Nov 08, 2024
TRANSDIGM GROUP had $1.7b net income on $7.9b sales for year ended Sept 30 vs $1.3b on $6.6b a year ago.
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AIRBUS

Nov 08, 2024
AIRBUS delivered 62 aircraft (eight A220s; 48 A320neo Fam; four A330s; two A350s) in October vs 71 (nine A220s; 51 A320s; three A330s; eight A350s) in Oct '23; it has delivered 559 of planned 770 for year. It booked/finalized orders from AMERICAN for an A321neo, DRUK AIR for three A320neos/two A321neos and undisclosed customers for 16 A320neos.

Air Transport

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HAINAN AIRLINES

Nov 04, 2024
HAINAN AIRLINES agreed to lease four new 737-8s from DAE for delivery in 4Q25/1Q26.
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STONEPEAK

Nov 04, 2024
STONEPEAK agreed to acquire ATSG for $22.50 per share in all-cash deal valued at $3.1b and take company private.
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INDIGO

Nov 04, 2024
INDIGO leased ex-Myanmar A320-200 (4758) with CFM56s from Aero Capital Solutions.
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GEOSKY

Nov 04, 2024
GEOSKY, Georgia leased 767-300ERBCF (30564; ex-MIAT) from Northwest Aviation Leasing.
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KALITTA AIR

Nov 04, 2024
KALITTA AIR leased ex-Emirates 777F (35608) from DAE Capital.
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AVTECH

Nov 04, 2024
AVTECH was selected by Iberojet to provide ClearPath and Aventus services that provide tactical decision support to improve flight efficiency.
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JAL GROUP

Nov 04, 2024
JAL GROUP had ¥49.8b net income on ¥902b revenues for second quarter ended Sept 30 vs ¥61.6b on ¥821b a year ago.
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RYANAIR

Nov 04, 2024
RYANAIR had €1.43b net income on €5.1b revenues for second quarter ended Sept 30 vs €1.52b on €4.9b a year ago; pax rose 9% to 59.8m. It ended quarter with 172 737-8200s (of its 608 737s) with expectation that 3Q deliveries will slip.
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WILLIS LEASE FINANCE CORPORATION

Nov 04, 2024
WILLIS LEASE FINANCE CORPORATION had $24.1m net income on $146m revenues in 3Q24 vs $14.6m on $106m in 3Q23. It now has 348 engines (vs 351 in 3Q23), 16 aircraft (vs 12), and other leased parts and equipment worth $2.4b.
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VOLARIS EL SALVADOR

Nov 04, 2024
VOLARIS EL SALVADOR began four-times-weekly San Salvador-Miami (A320-200).
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RISE AIR

Nov 06, 2024
RISE AIR, Canada committed to acquire three ATR 72-600s: one ordered for 2025 and two leased for 2026.
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ETHIOPIAN AIRLINES

Nov 06, 2024
ETHIOPIAN AIRLINES took delivery of its first (691) of four 395-seat A350-1000s (SPNWS; October 25).
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FLYBONDI

Nov 06, 2024
FLYBONDI wet-leased (ACMI) two 737-800s from Spain's AlbaStar to operate through end of summer 2025 season.
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AIRBALTIC

Nov 06, 2024
AIRBALTIC took delivery of its 49th A220-300 (55308). It has 31 remaining on order, plus purchase rights for 20 more.
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AIR ASTANA

Nov 06, 2024
AIR ASTANA earned US$128.8m on US$410m revenues in 3Q24 vs $114.4m on $371.5m in 3Q23; it has 56 aircraft.
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CARGOJET

Nov 06, 2024
CARGOJET had C$29.7m net income in 3Q24 (vs C$10.5m in 3Q23) on 15% higher revenues; it now has 41 aircraft.
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EASTAR JET

Nov 06, 2024
EASTAR JET, Korea agreed to lease three new 737-8s from DAE for delivery 3Q25-1Q26.
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WILLIS LEASE FINANCE CORPORATION

Nov 06, 2024
WILLIS LEASE FINANCE CORPORATION secured new 5-year, $1b revolving credit facility with Bank of America, N.A., replacing its existing $500m facility.
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AZZERA

Nov 06, 2024
AZZERA was selected by Flair Airlines to implement its CELESETE platform for CORSIA compliance and fleet emissions monitoring/management.
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AEROGO CAPTIAL

Nov 06, 2024
AERGO CAPITAL purchased A321-200 (6976; leased to WIZZ AIR) with V2500s from FPG Amentum.
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ITALIAN MEF

Nov 06, 2024
ITALIAN MEF is balking on sale of ITA AIRWAYS to LUFTHANSA over final purchase price; two sides now have until Nov 11 to find solution or the EC approval process would have to start from scratch, delaying and/or killing the deal.
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ANA

Nov 06, 2024
ANA had ¥80.7b net income on ¥1,099b revenues for six months ended Sept 30 vs ¥93.2b on ¥1,003b a year ago.
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KOREAN AIR

Nov 06, 2024
KOREAN AIR had US$209.6m net income on US$3.2b revenues in 3Q24 vs $321.7m on $2.9b in 3Q23.
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GOL

Nov 06, 2024
GOL announced plan of reorganization that extinguishes US$1.7b on debt and US$850m of other obligations, resulting in ABRA GROUP receiving at least $950m in new equity, and secures $1.85b exit facility. It filed Chapter 11 in Jan 2024.
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GENESIS

Nov 06, 2024
GENESIS purchased one each 737-8 (leased to TUI), A320ceo (w/ VOLARIS) and A320neo (w/ TAP) from BOC Aviation.
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CRESTONE AIR PARTNERS

Nov 06, 2024
CRESTONE AIR PARTNERS purchased a 737-800 (leased to MIAT) from a securitization managed by Castlelake.
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FLY2SKY

Nov 06, 2024
FLY2SKY subleased ex-Onur Air A320-200 (3570) with V2500s from Aerovista.
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GRIDIRON AIR

Nov 06, 2024
GRIDIRON AIR, TX was approved by FAA to begin charter operations under Part 121 Supplemental Air Carrier Certification with (currently) three 777-200ERs. It has operating aircraft on behalf of Arizona Cardinals NFL franchise since 2021.
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TURKISH AIRLINES

Nov 06, 2024
TURKISH AIRLINES had $1.5b net income on $6.6b revenues in 3Q24 vs $1.9b on $6.3b in 3Q23. It ended quarter with 467 aircraft with another 288 on order/125 on option for delivery through 2045 (it is projecting fleet of 800 by 2033).
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SKYTRANS AIRLINES

Nov 08, 2024
SKYTRANS AIRLINES, Australia agreed to lease ex-ITA A319-100 (1779) with CFM56s from FTAI Aviation.
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SKYWEST

Nov 08, 2024
SKYWEST had $89.7m net income on $913m revenues in 3Q24 vs $23.5m on $766m in 3Q23; block hours were up 15%.
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SWIFTAIR

Nov 08, 2024
SWIFTAIR leased A321P2F (3964; ex-Vietnam Airlines) with V2500s from AerCap.
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SKY TAXI

Nov 08, 2024
SKY TAXI, Poland leased ex-MAS Air Cargo 767-300BDSF (25121) with CF6s from Cargo Aircraft Management.
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VUELING

Nov 08, 2024
VUELING leased ex-SAS A320-200 (2911) with V2500s from AerCap.
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SKYWEST

Nov 08, 2024
SKYWEST reached agreement with United Airlines to place 40 CRJ550s into service (between late 2024 and end 2026) under a multi-year contract. It plans to acquire 11 used CRJ550s and convert 29 of its CRJ700 fleet to CRJ550s.
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ETIHAD

Nov 08, 2024
ETIHAD redeployed the A380 on Abu Dhabi-Paris CDG, increasing route capacity by 31% (adding 787-9 service on Jan 15).
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AIR CANADA

Nov 08, 2024
AIR CANADA had C$2b net income on C$6.1b revenues in 3Q24 vs C$1.25b on C$6.3b in 3Q23. It lowered full year 2024 guidance to account for updated expectations of jet fuel prices and impact of contract-related cost adjustments.
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CAPA

Nov 08, 2024
CAPA reports that global international seat capacity has reached 108.9% of 2019 levels with 62.5m seats.
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KLASJET

Nov 08, 2024
KLASJET reported 134% y-o-y increase in ACMI block hours (14,045 with seven 737NGs) in May-October 2024.
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UNITED AIRLINES

Nov 08, 2024
UNITED AIRLINES sold third 737-9 (37449) to Aviation Capital Group for leaseback as part of multi-aircraft deal.
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AIR FRANCE-KLM GROUP

Nov 08, 2024
AIR FRANCE-KLM GROUP had €824m net income on €9b revenues in 3Q24 vs €946m on €8.7b in 3Q23; it has 569 aircraft with y-o-y group capacity up 3.6%. AIR FRANCE earned €732m (vs €806m) and KLM earned €396m (vs €539m).
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WIZZ AIR

Nov 08, 2024
WIZZ AIR had €314m net income on €1.8b revenues for second quarter ended September 30 vs €339.6m on €1.8b a year ago; y-o-y ancillary revenue per pax decreased 0.1% to €741.1m. It has 224 aircraft and says on Sept 30 it had 41 aircraft on ground due to GTF inspections (better than forecast), to continue with 40-45 on average over next 18 months.
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EMIRATES GROUP

Nov 08, 2024
EMIRATES GROUP had AED9.3b net profit on AED70.8b for six months ended September 30 vs AED10.1b on AED67.3b a year ago. EMIRATES AIRLINE earned record AED9.7b on AED62.2b vs AED9.5b on AED59.5b; capacity increased 5%.
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FRONTIER AIRLINES

Nov 08, 2024
FRONTIER AIRLINES agreed to sell nine A321neos to Avolon and lease back for 12 years; deal includes two options.
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AERGO CAPITAL

Nov 08, 2024
AERGO CAPITAL purchased 737-800 (38101; leased to JEJU AIR) from Aviation Capital Group.
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BBN AIRLINES INDONESIA

Nov 08, 2024
BBN AIRLINES INDONESIA acquired ex-Bluebird Nordic 737-400SF (26302). It also has two 737-800BCFs.

Business Aviation

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GOGO

Nov 04, 2024
GOGO says its Gogo Galileo HDX electronically steerable antenna (ESA) passed FAA-mandated DO-160 qualification tests.
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AIRCARE1

Nov 04, 2024
AIRCARE1, AZ has transitioned its air ambulance fleet to the Learjet 60 following sale of its Learjet 35.
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FARGO JET CENTER (FJC)

Nov 04, 2024
FARGO JET CENTER (FJC) was authorized by Spectrum Aeromed as installation center for its air medical equipment.
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GATEONE

Nov 06, 2024
GATEONE, TX acquired JETWEST (FBO at Salinas, CA w/ 6,400 sq ft of hangar space), its fifth FBO facility in US.
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GOGO

Nov 06, 2024
GOGO had $10.6m net income on $100.5m revenues in 3Q24 vs $20.9m on $97.9m in 3Q23. It says 7,016 business aircraft are online its broadband ATG systems (vs 7,150), including 4,379 with Gogo AVANCE and 2,637 with Gogo Biz.
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EXECUJET MRO SERVICES MALAYSIA

Nov 06, 2024
EXECUJET MRO SERVICES MALAYSIA was certified by FAA to provide line/base maintenance for G650 and G650ER.
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BOMBARDIER

Nov 08, 2024
BOMBARDIER had $117m net profit on $2.1b revenues in 3Q24 vs $37m loss on $1.9b in 3Q23 and ended quarter with $14.7b backlog vs $14.7b a year ago. It delivered 30 business jets (17 large) vs 31 (15), and 89 of >150 planned in 2024.
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WHEELS UP

Nov 08, 2024
WHEELS UP lost $57.7m on $194m revenues in 3Q24 vs $144.8m loss on $320 in 3Q23; active members are down 38%.
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ARGUS INTERNATIONAL

Nov 08, 2024
ARGUS INTERNATIONAL reports y-o-y global business aviation flight activity was up 2.3% in October; NA rose 0.5%.
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FALKLAND ISLANDS GOVT AVIATION SERVICE

Nov 08, 2024
FALKLAND ISLANDS GOVT AVIATION SERVICE signed LOI to order four BN2B-26 Islanders from Britten-Norman.
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SORACLE

Nov 08, 2024
SORACLE (Japan Airlines/Sumitomo) agreed to acquire up to 100 Midnight eVTOLs from Archer for AAM ops in Japan.

Defense

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RHEINMETALL

Nov 08, 2024
RHEINMETALL was selected by Embraer to help develop C-390 full-flight simulator and cargo handling station trainer for the Royal Netherlands Air Force.

MRO

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SAFRAN

Nov 04, 2024
SAFRAN secured site in Midparc aerospace hub for planned LEAP MRO facility in Casablanca to open in 2026. It also signe MOU with the Moroccan Aerospace Industries Association (GIMAS) to train its mechanics and technicians.
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AERO ACCESSORIES

Nov 04, 2024
AERO ACCESSORIES (ATL Partners) acquired AERO INSTRUMENTS AND AVIONICS, NY (electronics/avionics repair).
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TP AEROSPACE

Nov 06, 2024
TP AEROSPACE extended 737 wheel/brake support partnership at Bangkok, Thailand with K-Mile Air.
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AVIATOR AIRPORT ALLIANCE

Nov 06, 2024
AVIATOR AIRPORT ALLIANCE plans to merge Copenhagen-based Aviator Airport Partner and Copenhagen Flight Services into single unit on March 1.
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SATAIR

Nov 06, 2024
SATAIR was selected by China Eastern Airlines Technic as partner to supply expendables for China Eastern's fleet of >450 Airbus aircraft.
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SIA ENGINEERING

Nov 06, 2024
SIA ENGINEERING had S$35.6m net income on S$307.5m revenues for second quarter ended September 30 vs S$32.3m on S$252.1m a year ago; it performed 15 heavy checks/176 light checks at Singapore Changi vs 22/212 a year ago.
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SINGAPORE AIRLINES

Nov 06, 2024
SINGAPORE AIRLINES announced S$1.1b cabin upgrade for 41 A350-900s to match design for 777-9s on order (suppliers TBA) with first due to enter service in 2Q26 and last by end 2030; it is adding First Class to seven -900ULRs.
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GE AEROSPACE

Nov 06, 2024
GE AEROSPACE has TrueChoice service agreement with Xiamen Airlines to provide MRO services for 35 GEnx engines.
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LATAM MRO

Nov 06, 2024
LATAM MRO plans to build R$40m 787 maintenance hangar at São Carlos for completion in September 2025.
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AFI KLM E&M

Nov 06, 2024
AFI KLM E&M was selected by Smartwings to provide LEAP-1B maintenance support for (currently) 10 737 MAXs.
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AJW GROUP

Nov 06, 2024
AJW GROUP signed Power-by-the-Hour (PBH) supply chain agreement with Poland's Enter Air to support 22 737NGs.
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TURKISH TECHNIC

Nov 08, 2024
TURKISH TECHNIC was selected by SunExpress for 737 component pool support and landing gear overhaul.
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MRO JAPAN

Nov 08, 2024
MRO JAPAN was selected by EFW as mod site for A320P2F/A321P2F programs; first conversion is planned in late-2025.
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AIR ASTANA

Nov 08, 2024
AIR ASTANA completed its first in-house 12-Year Check of an A321-200; a second is due by end of 2024.
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AFI KLM E&M

Nov 08, 2024
AFI KLM E&M earned €58m on €1.23b revenues in 3Q24 vs €63m on €1.05b in 3Q23; third party revenues rose 16%.
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AVIATION WEEK NETWORK

Nov 08, 2024
AVIATION WEEK NETWORK forecasts Asia-Pacific engine MRO market (includes China) will grow 2.7% per year over next 10 years to $220.9b by 2034 (29% of global share) to support fleet of >26,500 engines vs >19,500 in 2024.

Who’sNews

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WHO'SNEWS: AXILLON AEROSPACE

Nov 04, 2024
Kevin Vicha to Chief Executive Officer of Axillon Aerospace, Rockmart, GA
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WHO'SNEWS: SOUTHWEST AIRLINES

Nov 04, 2024
Rakesh Gangwal was appointed independent Chair of the Board of Directors of Southwest Airlines.
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WHO'SNEWS: GOAL AIRCRAFT LEASING

Nov 04, 2024
Vicente Alava Pons to Managing Director of GOAL Aircraft Leasing, Germany.
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WHO'SNEWS: GENESIS

Nov 04, 2024
Denise Byrne to Senior Vice President Portfolio Services of Genesis, Dublin.
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WHO'SNEWS: SMARTLYNX AIRLINES

Nov 06, 2024
Tomáš Ján to Director of Flight Operations of SmartLynx Airlines.
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WHO'SNEWS: AERGO CAPITAL

Nov 06, 2024
Aengus Whelan to Chief Trading Officer of Aergo Capital, Ireland.
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WHO'SNEWS: SPIRIT AIRLINES

Nov 06, 2024
Ben Baldanza, former President and CEO of Spirit Airlines, has died. He was 62.
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WHO'SNEWS: SAFRAN AIRCRAFT ENGINES

Nov 08, 2024
Stéphane Cueille to Chief Executive Officer of Safran Aircraft Engines (effective early 2025).
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WHO'SNEWS: SAFRAN ELECTRICAL & POWER

Nov 08, 2024
Bruno Bellanger to Chief Executive Officer of Safran Electrical & Power, France.
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WHO'SNEWS: CHROMALLOY

Nov 08, 2024
Lee Eckert to Chief Financial Officer of Chromalloy, FL.
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WHO'SNEWS: INTERNATIONAL AIRLINES GROUP

Nov 08, 2024
Dr. Ben Dias to Chief AI Scientist of International Airlines Group.