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Aerospace

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AERSALE

Nov 08, 2024
AERSALE posted $509k net income on $82.7m revenues in 3Q24 vs $148k loss on $92.5m in 3Q23. Flight equipment sales of $22.6m comprised five engines and no aircraft vs seven engines and a 757-200PF worth $44.8m a year ago.
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EMBRAER

Nov 08, 2024
EMBRAER had US$181.7m net income on US$1.69b revenues in 3Q24 vs $64.3m on $1.28b in 3Q23; backlog rose 25% to $22.7b, but it reduced full-year guidance for commercial aircraft deliveries from 72-80 to 70-73 (42 through Sept 30).
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VOLTAERO

Nov 12, 2024
VOLTAERO inaugurated its 2,400 sq meter final assembly/headquarters facility in Nouvelle-Aquitaine, France to serve as primary hub to produce Cassio family of electric-hybrid aircraft (sized for 150 per year at full rate).
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AVIATION WEEK

Nov 12, 2024
AVIATION WEEK announced winners of 67th Annual Laureate Awards in Commercial Aviation: Airbus A321XLR, Embry-Riddle Safety Center, NASA Electric Aircraft Testbed, SAS's Anko van der Werff and WestJet's Alexis von Hoensbroech.
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AEROVISION INTERNATIONAL

Nov 12, 2024
AEROVISION INTERNATIONAL, MI was selected by CommuteAir as consignment partner for ERJ used serviceable material.
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EXOSONIC

Nov 12, 2024
EXOSONIC, Southern California announced it is shutting down after failing to secure funding required for development of supersonic aircraft (Horizon airliner and UAVs for US DOD); it is now offering its intellectual property (IP) for sale.
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AAR

Nov 12, 2024
AAR was selected by Chromalloy as exclusive global distributor of its PMA parts for CF6-80C2 HPT Stage 1/Stage 2 blades under initial 3-year term.
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BRANFORD CASTLE

Nov 12, 2024
BRANFORD CASTLE has acquired TESTEK SOLUTIONS, Wixom, MI (aircraft component testing equipment).
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ELLIOTT INVESTMENT MANAGEMENT

Nov 12, 2024
ELLIOTT INVESTMENT MANAGEMENT disclosed that it has invested >$5b into HONEYWELL and announced that it is urging Honeywell management to pursue separating its Aerospace and Automation businesses to realized its full potential.
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HÉROUX-DEVTEK

Nov 12, 2024
HÉROUX-DEVTEK had C$10m net income on C$173m sales in second quarter ended Sep 30 vs C$4.6m on C$141.5m a year ago; civil sales were up 25.2% to C$130m, driven by increased deliveries for Boeing 777 and Embraer E2 programs.
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SPIRIT AEROSYSTEMS

Nov 12, 2024
SPIRIT AEROSYSTEMS secured commitment from Boeing to receive up to $350m in advance payments to produce at required rates; it must repay 25% of the advance on April 30, 2026; June 30, 2026; Sept 30, 2026; and Dec 31, 2026.
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TRIUMPH GROUP

Nov 12, 2024
TRIUMPH GROUP had $11.9m net income on $287.5m sales in second quarter ended Sep 30 vs $1.3m loss on $285m a year ago. OEM revenues dropped 4.5% to $183m (Interiors sales up 6%); Aftermarket revenue rose 12.7% to $94m.
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GE AEROSPACE

Nov 12, 2024
GE AEROSPACE has Royal Jordanian order to supply GEnx-1Bs for nine 787-9s on order; deal includes TrueChoice.
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NEXT LEVEL AVIATION

Nov 12, 2024
NEXT LEVEL AVIATION, FL was selected by Honeywell as Channel Partner for global distribution of parts/USM (includes access to repair stations).
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AERO ACCESSORIES & REPAIR

Nov 12, 2024
AERO ACCESSORIES & REPAIR acquired AIRGROUP AMERICA, PA (parts distributor specializing in bearings).
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VERTICAL AEROSPACE

Nov 12, 2024
VERTICAL AEROSPACE began untethered, piloted thrustborne testing of its full scale VX4 eVTOL prototype.
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BOEING

Nov 12, 2024
BOEING (2024 WACF) forecasts delivery of 2,845 freighters (1,005 new/1,840 converted) over next 20 years to satisfy 4.1% annual traffic growth (CAGR), increasing global fleet from 2,340 aircraft in 2023 to 3,900 by 2043 (SPNWS; July 26).
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PANASONIC AVIONICS

Nov 12, 2024
PANASONIC AVIONICS was selected by Riyadh Air to supply Astrova IFE system for 72 787s on order/option.
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ELECTRA.AERO

Nov 12, 2024
ELECTRA.AERO, VA has NASA contract, under AACES 2050 initiative, to develop key technologies and aircraft concepts for next-gen, environmentally sustainable commercial airliners for potential EIS in mid-century.
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BOEING

Nov 12, 2024
BOEING delivered 14 aircraft (nine 737 MAXs; 767; four 787s) in October vs 34 (737-800A; 18 737 MAXs; six 767s; three 777Fs; six 787s) in Oct 2023; it has now delivered 305 aircraft in 2024 vs 405 in January-Oct 2023. It also booked orders from two unidentified customers for six 737 MAXs and seven 777Fs, increasing its running total for 2024 to 378 vs 971.
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CAE

Nov 13, 2024
CAE had C$52.5m net income on C$1.14b revenues for second quarter ended Sept 30 vs C$58.4m on C$1.05b a year ago. Civil Aviation earned C$94.7m on C$641m vs C$88.4m on C$573m; it delivered 18 full-flight simulators vs 11.
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SPIRIT AEROSYSTEMS

Nov 13, 2024
SPIRIT AEROSYSTEMS secured non-interest-bearing line of credit of $107m from Airbus to fund production.
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HONEYWELL and CURTISS-WRIGHT

Nov 13, 2024
HONEYWELL and CURTISS-WRIGHT teamed to develop 25-hour CVR and FDR to meet 2024 FAA Reauthorization Act directive mandating longer recording capability.
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TELEDYNE CONTROLS

Nov 13, 2024
TELEDYNE CONTROLS received FAA STC to install its new onboard enhanced Airborne Data Loader (eADL XS) on 737NG.
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FLYHT AEROSPACE SOLUTIONS

Nov 13, 2024
FLYHT AEROSPACE SOLUTIONS has WestJet order to supply its TSO-approved AFIRS 228S SATCOM for 737-10s on order.
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LOAR

Nov 13, 2024
LOAR had $8.7m net income on $103.5m sales in 3Q24 vs $2.9m on $82.8m in 3Q23; it raised 2024/2025 guidance.
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ATR

Nov 13, 2024
ATR announced decision to focus on further boosting competitiveness of its current products and will stop development of the PW127XT-L-powered ATR 42-600S STOL variant. It has identified several product improvements (TBA).
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AAR

Nov 14, 2024
AAR secured exclusive multi-year distribution agreement from New Jersey-based Whippany Actuation Systems (TransDigm Group) for its actuation system components/subassemblies for key platforms, including 737 and 777.
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CHINA AVIATION SUPPLIERS CO

Nov 14, 2024
CHINA AVIATION SUPPLIES CO renewed distribution partnership with Safran Electrical & Power and Safran Ventilation Systems to provide spares and components support for Airbus aircraft operating in mainland China.
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ATI

Nov 14, 2024
ATI began forging the first superalloy for hottest sections of Symphony's compressor and turbine to power Boom's supersonic commercial airliner.
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GE AEROSPACE

Nov 12, 2024
GE AEROSPACE has Royal Jordanian order to supply GEnx-1Bs for nine 787-9s on order; deal includes TrueChoice.
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MOLEX

Nov 14, 2024
MOLEX, IL agreed to purchase AIRBORN, Georgetown, TX (rugged connectors/electronic components).

Air Transport

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JCAS AIRWAYS

Nov 08, 2024
JCAS AIRWAYS, Japan agreed to lease one new ATR 72-600 from Avation for delivery in October 2025.
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IAG

Nov 08, 2024
IAG had €1.4b net income on €9.3b revenues in 3Q24 vs €1.2b on €8.6b in 3Q23; it has €13.3b liquidity.
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SIA GROUP

Nov 08, 2024
SIA GROUP had S$290m net income on S$4.8b revenues for second quarter ended Sept 30 vs S$707m on S$4.7b.
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ATSG

Nov 08, 2024
ATSG had $3.3m net loss on $471m revenues in 3Q24 vs $17.2m profit on $523m in 3Q23; CAM earned $18.3m on $112.5m vs $23.3m on $109.7m and has 19 aircraft (eight 767s/six A321s/five A330s) in/awaiting freighter conversions.
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21AIR

Nov 08, 2024
21AIR, FL is expected to assume 767F CMI operations for Amazon from Atlas Air; first is 767-300BDSF (28865).
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ALLEGIANT AIR

Nov 08, 2024
ALLEGIANT AIR was notified by its Teamsters-represented pilots of their authorization to strike without new deal.
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AIR LEASE CORPORATION

Nov 08, 2024
AIR LEASE CORPORATION had $91.6m net income on $690m revenues in 3Q24 vs $122m on $659m in 3Q23. It ended the quarter with owned/managed/committed fleet of 836 aircraft (485 owned) vs 878 a year ago; it has placed 100% of its committed orderbook delivering through end of 2025/95% through 2026 and 63% of total orderbook through 2029.
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AMERICAN AIRLINES

Nov 12, 2024
AMERICAN AIRLINES lost appeal in US District Court on the dismantling of the Northeast Alliance with JETBLUE.
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AIREXPLORE

Nov 12, 2024
AIREXPLORE, Slovakia received its Foreign Air Operator Certificate (FAOC) from FAA to operate in the US.
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FALKO

Nov 12, 2024
FALKO (Chorus Aviation) acquired two E170s (294/296; leased to ENVOY AIR) from Azorra.
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AIR CONGO

Nov 12, 2024
AIR CONGO plans December 2024 launch with two 737-800s provided by one of its backers, ETHIOPIAN AIRLINES.
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VIRGIN ATLANTIC

Nov 12, 2024
VIRGIN ATLANTIC plans October 19, 2025 to begin thrice-weekly London Heathrow-Cancun, Mexico (A350-1000).
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FLYADEAL

Nov 12, 2024
FLYADEAL plans in January to begin Dammam-Najran/-Tabuk/-Yanbu, Saudi Arabia (A320).
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CEBU PACIFIC

Nov 12, 2024
CEBU PACIFIC plans January 16 to begin thrice-weekly Manila-Sapporo, Japan (A320).
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TURKISH AIRLINES

Nov 12, 2024
TURKISH AIRLINES leased second ex-IndiGo A320neo (8168) with GTFs from Fuyo in deal arranged by ALM.
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PELITA AIR SERVICE

Nov 12, 2024
PELITA AIR SERVICE, Indonesia leased ex-Air Cairo A320-200 (4510) with CFM56s from BOC Aviation.
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AERLINK

Nov 12, 2024
AERLINK, Australia leased ex-Danish Air Transport ATR 42-500 (501) from Capstone Aviation.
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TURKISH AIRLINES

Nov 12, 2024
TURKISH AIRLINES leased ex-Scoot A320-200 (5073) with V2500s from JP Lease, Japan.
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GE AEROSPACE

Nov 12, 2024
GE AEROSPACE was selected by TUI Airline to provide Fuel Insight and FlightPulse software to optimize fuel efficiency/(sustainable)operations.
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AVION EXPRESS BRASIL

Nov 12, 2024
AVION EXPRESS BRASIL launched fourth stage of process of earning AOC to begin ACMI operations in early 2025.
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AIR NEW ZEALAND and CATHAY PACIFIC

Nov 12, 2024
AIR NEW ZEALAND and CATHAY PACIFIC received approval from New Zealand to continue joint venture for five years.
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AVIA SOLUTIONS GROUP

Nov 12, 2024
AVIA SOLUTIONS GROUP ordered 40 737-8s for delivery starting in 2030 and took purchase rights on another 40.
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COMAC

Nov 12, 2024
COMAC booked orders from HAINAN AIRLINES for 40 C909s (rebranded ARJ21s) for operation by URUMQI AIR and COLORFUL GUIZHOU for 20 C909s and 10 options. It also says AIR CHINA intends to become C929 launch customer.
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FALKO

Nov 12, 2024
FALKO completed transactions for 40 aircraft/one engine in 3Q24 and ended quarter with portfolio of 266 aircraft.
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KLM

Nov 12, 2024
KLM plans May 8 to begin three-times-weekly Amsterdam-San Diego, CA (787-9).
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LUFTHANSA

Nov 12, 2024
LUFTHANSA renegotiated new terms with Italian Govt, including concessions from EC, on purchase price for ITA AIRWAYS
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VISTARA and AIR INDIA

Nov 12, 2024
VISTARA and AIR INDIA completed merger that creates, in addition to previous merger of Air India Express and AIX Connect in October, the AIR INDIA GROUP with fleet of >300 aircraft operating 8,300 flights per week (103 destinations).
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JOBY

Nov 12, 2024
JOBY announced that construction has begun of first vertiport in Dubai for startup of air taxi services.
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LONDON HEATHROW

Nov 12, 2024
LONDON HEATHROW handled 7.2m pax in October, up 3.7% vs Oct 2023.
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GLOBAL CROSSING AIRLINES

Nov 12, 2024
GLOBAL CROSSING AIRLINES says it is currently in talks to acquire >20 aircraft for 2025-2026. It has deferred delivery of one freighter from 4Q24 to late 2025 and is prioritizing pax aircraft deliveries over freighters to meet market conditions.
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EMIRATES

Nov 12, 2024
EMIRATES purchased A380-800 (109) off-lease from Doric Nimrod Air Two, which realized net proceeds of £30.71m.
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AVIATION CAPITAL GROUP

Nov 13, 2024
AVIATION CAPITAL GROUP had $113.8m net profit on $923m revenues in Jan-Sept vs $114.1 on $894m a year ago; it has owned/managed/committed fleet of 514 aircraft and expects to take 12 aircraft (10 MAXs/two A320s) in 4Q24.
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GOL

Nov 13, 2024
GOL had R$830m net loss on R$4.96b revenues in 3Q24 vs R$1.3b loss on R$4.67b in 3Q23; it has 138 737s. It currently plans to submit its reorganization plan to Court by end 2024 and expects to emerge from Chapter 11 by end April 2025.
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SPIRIT AIRLINES

Nov 13, 2024
SPIRIT AIRLINES was forced to delay publication of its 3Q24 results until negotiations with bondholders (with respect to restructuring obligations) is completed; any unsuccessful outcome to these talks could force a bankruptcy filing.
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ICELANDAIR

Nov 13, 2024
ICELANDAIR now plans to begin Reykjavik-Nashville on April 10, five weeks earlier than scheduled (737-800).
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IBERIA

Nov 13, 2024
IBERIA completed first commercial flight (Madrid-Paris) of A321XLR with LEAP-1As as prep for Madrid-Boston.
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ALTA

Nov 13, 2024
ALTA added FedEx as an associate member.
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AAPA

Nov 14, 2024
AAPA added Lion Air Indonesia as new airline member.
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ETIHAD

Nov 14, 2024
ETIHAD had US$368m net income on US$5b revenues in Jan-September vs $222m on $4.1b a year ago. It has 95 aircraft.
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AIRBALTIC

Nov 14, 2024
AIRBALTIC had €40.3m net profit on €236m revenues in 3Q24 vs €5.5m on €219.3m in 3Q23; enplanements rose 12%.
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TURKISH AIRLINES

Nov 14, 2024
TURKISH AIRLINES agreed to lease six A321neos with GTFs from BOC Aviation for delivery in 2027.
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SICHUAN AIRLINES

Nov 14, 2024
SICHUAN AIRLINES took delivery of A321PCF (2974; ex-Vietnam) with V2500s on lease from Cinda Financial Leasing.
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AZUL

Nov 14, 2024
AZUL took delivery of A321P2F (2759; ex-China Southern) on lease in deal arranged by AerCap (SPNWS; July 12).
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LUFTHANSA GROUP

Nov 14, 2024
LUFTHANSA GROUP says it is considering switching from Trent 1000s to GEnx-1Bs for remaining 787-9s on order. It currently has 34 on order for operation by Lufthansa and Austrian, of which final seven don't have assigned engines.
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REALLY COOL AIRLINES

Nov 14, 2024
REALLY COOL AIRLINES, Thailand plans 1H25 startup with two 777-200ERs leased from THAI for services to Japan.

Business Aviation

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CAE and BOMBARDIER

Nov 12, 2024
CAE and BOMBARDIER teamed to develop a modular maintenance training program at Wichita, Tucson, and Opa Locka.
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CIRRUS

Nov 13, 2024
CIRRUS received certification from Transport Canada for its SR Series G7 and G2+ Vision Jet.
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WHEELS UP

Nov 14, 2024
WHEELS UP closed new $332m revolving credit facility with Bank of America, and completed acquisition of GrandView Aviation's 17 Phenom 300/300Es, plus related maintenance assets and customer programs (SPNWS; Oct 25).
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PIPER AIRCRAFT

Nov 14, 2024
PIPER AIRCRAFT achieved AS9100 Rev D certification, awarded by Dekra Certification, for manufacturing excellence.

Defense

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US STATE DEPT

Nov 08, 2024
US STATE DEPT has approved Foreign Military Sale to KOREA of four E-7 AEW&C aircraft (737NGs), plus associated equipment/services, for $4.92b.
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SWEDEN

Nov 12, 2024
SWEDEN selected Embraer's C-390 Millennium as its next tactical transport; it is expected to order 3-6.
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ITALIAN COAST GUARD

Nov 12, 2024
ITALIAN COAST GUARD ordered an ATR 42-600 Maritime Patrol (MP) aircraft, with Leonardo’s ATOS (Airborne Tactical Observation and Surveillance) modular mission system, under fleet renewal plan for three older MPs based on -400/-500.
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EATON

Nov 13, 2024
EATON has Eaton $3.5m USAF Research Lab (AFRL) contract to develop a new podded refueling boom, named Small Hybrid Aerial Refueling Kit (SHARK), for traditional/non-traditional tanker aircraft, including autonomous systems.
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FDH DEFENSE AFTERMARKET

Nov 13, 2024
FDH DEFENSE AFTERMARKET (formerly Unical Defense) expanded its global distribution partnership with CIRCOR Aerospace to include additional 11 territories in Middle East/Asia Pacific and new product lines from Hauppauge, NY.

MRO

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PRATT & WHITNEY AND AIR NEW ZEALAND

Nov 08, 2024
PRATT & WHITNEY and AIR NEW ZEALAND broke ground on $150m, 14,000 sq meter expansion of the Christchurch Engine Center for V2500 and GTF maintenance; facility is projected to handle 140 GTF overhauls annually by 2032.
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HAECO

Nov 12, 2024
HAECO teamed with Zhuhai Technician College for technical training to enhance MRO capabilities and optimize resources in the Greater Bay Area.
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STANDARDAERO

Nov 12, 2024
STANDARDAERO completed correlation of its LEAP-1A test cell at its 810,000 sq ft facility at San Antonio, TX.
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SWISS-AS

Nov 12, 2024
SWISS-AS was selected by Air India to provide AMOS MRO software.
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ALBATECHNICS

Nov 12, 2024
ALBATECHNICS, Italy received EASA approval to perform base maintenance on A320ceo and A320neo aircraft.
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UAMCO

Nov 12, 2024
UAMCO, Cyprus was selected by GE Aerospace to perform LEAP quick-turn maintenance on offload basis.
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SKY ALPS

Nov 12, 2024
SKY ALPS inaugurated new Dash 8-400 maintenance base at Cuneo Langhe e Alpi del Mare Airport in Italy.
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EFW

Nov 12, 2024
EFW redelivered its 100th converted freighter aircraft, an A330P2F.
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AMECO

Nov 12, 2024
AMECO, China signed agreements with Central Airlines for 777F component repair, CETC Avionics for continued in-depth cooperation, Collins Aerospace for on-site support of Goodrich survival system components and EEC products, Kunming Airlines for 737 landing gear lease/overhaul services, and Honeywell to maintain HGT1700 APUs for A350s.
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ASIA DIGITAL ENGINEERING (ADE)

Nov 12, 2024
ASIA DIGITAL ENGINEERING (ADE) received its Approved Maintenance Organisation (AMO) certification from Civil Aviation Authority of Vietnam.
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AVATHON

Nov 12, 2024
AVATHON, CA was selected by BAE Systems to provide AI platform to ramp up throughput and improve TAT for commercial aviation MRO operations.
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CAINIAO GROUP

Nov 12, 2024
CAINIAO GROUP, Hong Kong was selected by COMAC CSC to collaborate in setting up global supply chain network and smart logistics infrastructure to optimize warehousing and logistics of parts/materials for C919s and ARJ21s.
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EFW

Nov 12, 2024
EFW signed agreement with HNA Group to convert batch of A330s to freighters starting in 1H25; deal includes setting up conversion center at HNA's subsidiary GRAND CHINA AIRCRAFT MAINTENANCE SERVICES in Haikou for 2H25.
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HAVEUS AEROTECH

Nov 12, 2024
HAVEUS AEROTECH opened 70,000 sq ft warehouse for large aircraft spares/GSE/tooling warehouse in Bengaluru.
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LUFTHANSA TECHNIK MILAN

Nov 12, 2024
LUFTHANSA TECHNIK MILAN has 3-year extension from easyJet for nightly A320 light base maintenance checks.
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FEAM AERO

Nov 12, 2024
FEAM AERO was selected by Japan's SkyDrive as strategic partner to provide maintenance support for its eVTOL.
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EASTERN AIRLINES TECHNIC and THALES

Nov 13, 2024
EASTERN AIRLINES TECHNIC and THALES extended maintenance cooperation agreement for China Eastern's avionics.
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AMECO

Nov 13, 2024
AMECO signed an agreement for aircraft component workload exchange with China Southern Airlines Technics, GAMECO, and Shenyang Northern Aircraft Maintenance at the Zhuhai Air Show; plus, an LOI with China Central Longhao Airlines for 747-400F component repair cooperation.
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LUFTHANSA TECHNIK

Nov 14, 2024
LUFTHANSA TECHNIK was selected by Avianca to provide LEAP-1A maintenance on non-exclusive basis.
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SETNA iO

Nov 14, 2024
SETNA iO acquired five ex-Spirit Airlines A319-100s (2983/3007/3017/3026/3165) for part out.
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SIA ENGINEERING

Nov 14, 2024
SIA ENGINEERING signed non-binding agreement to invest in ARPORT AIRCRAFT M&E (IPORT Group), China.
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AIRBUS

Nov 14, 2024
AIRBUS was selected by Philippine Airlines to provide S.FP+ suite for predictive maintenance/health monitoring.

Who’sNews

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WHO'SNEWS: WILLIS LEASE FINANCE CORPORATION

Nov 08, 2024
Z. Clifton Dameron to Senior Vice President (to streamline legal functions) of Willis Lease Finance Corporation.
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WHO'SNEWS: SABENA TECHNICS

Nov 08, 2024
Hervé Grandjean to Executive Chairman of Sabena technics, Belgium (effective 2025).
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WHO'SNEWS: ELIZABETH LUND

Nov 12, 2024
Elizabeth Lund, Senior Vice President-Quality of Boeing Commercial Airplanes, announced her retirement (effective end 2024).
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WHO'SNEWS: AIR INDIA GROUP

Nov 12, 2024
Vinod Kannan to Chief Integration Officer of Air India Group.
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WHO'SNEWS: AIR INDIA EXPRESS

Nov 12, 2024
Deepak Rajawat to Chief Financial Officer of Air India Express.
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WHO'SNEWS: COMPLY365

Nov 12, 2024
Ilia Kostov to Chief Executive Officer of Comply365 (Insight Partners/Liberty Hall Capital Partners).
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WHO'SNEWS: CAE

Nov 13, 2024
Marc Parent, President and CEO of CAE, announced his retirement (effective August 2025); successor is TBA.
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WHO'SNEWS: EUROATLANTIC AIRWAYS

Nov 14, 2024
Raúl Largo to Chief Commercial Officer of euroAtlantic Airways, Lisbon.
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WHO'SNEWS: EIRTECH AVIATION SERVICES

Nov 14, 2024
Michael Sattler to President of Eirtech Aviation Services, Ireland.