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Magazine Issue

SpeedNews - December 13, 2024

December 13, 2024

Aerospace

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FORTUNE AVIATION SERVICES

Dec 07, 2024
FORTUNE AVIATION SERVICES projects that global long-haul widebody freighter fleet will be insufficient to meet expected demand until at least 2030 when the 777-8F should be in service; there are no easy fixes for this shortfall.
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AIRBUS DELIVERED

Dec 07, 2024
AIRBUS delivered 84 aircraft (12 A220s; 66 A320s; A330; five A350s) in November vs 64 (seven A220s; 48 A320s; three A330s; six A350s) in Nov 2023; it has now delivered 643 of planned 770 aircraft in 2024.
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CFM INTERNATIONAL

Dec 10, 2024
CFM INTERNATIONAL has FAA certification for updated HPT hardware durability kit for LEAP-1A to increase time on wing, especially in hot and harsh environments; kit includes HPT stage 1 blade/nozzle and forward inner nozzle support.
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LOAR

Dec 10, 2024
LOAR launched public offering of 4.75m shares of common stock, including 1.58m shares by stockholders and 3.17m shares by Loar, plus options, for repayment of debt and general corporate purposes, including adding working capital.
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ARCHER AVIATION

Dec 10, 2024
ARCHER AVIATION entered into a multi-party collaboration agreement with key UAE and Abu Dhabi entities to advance the establishment of eVTOL manufacturing in MENA region and electric air taxi operations in Abu Dhabi.
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HONEYWELL

Dec 10, 2024
HONEYWELL was selected by Colombia's Avianca to supply 131-9A APUs, Pegasus II flight management system (FMS), IntuVue RDR-4000 weather radar system, TCAS, integrated multi-mode receiver, and EGPWS for 138 new A320neos.
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AIR INDUSTRIES GROUP

Dec 10, 2024
AIR INDUSTRIES GROUP has $11m contract to supply landing gear assemblies for US Navy E-2D Advanced Hawkeye.
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NEXT LEVEL AVIATION

Dec 10, 2024
NEXT LEVEL AVIATION, FL secured $50m revolving credit facility with PNC Bank to expand its inventory of used serviceable material (USM), as well as support diversification of its business into other complementary lines of business.
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AIRBUS

Dec 10, 2024
AIRBUS says EcoPulse, its distributed hybrid-electric propulsion aircraft demonstrator developed jointly with Daher and Safran, concluded its flight test campaign under project to meet decarbonization goals for air transport by 2050.
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BOEING

Dec 10, 2024
BOEING restarted 737 MAX production on Dec 6; IAM strike ended Nov 5.
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GA TELESIS

Dec 10, 2024
GA TELESIS opened its Latin America & Caribbean headquarters in San Salvador to provide integrated solutions, including component distribution.
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IKAR ENGINEERING CENTER

Dec 12, 2024
IKAR ENGINEERING CENTER, Russia was selected by Airbus to supply spare parts for A321 drainage system.
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AKAER

Dec 12, 2024
AKAER, Brazil was selected by Portugal's EEA Aircraft and Maintenance to supply fuselage, wing, horizontal and vertical stabilizers and control surfaces for new high-wing twin-turboprop LUS-222 now in development.
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AVIA SOLUTIONS GROUP

Dec 12, 2024
AVIA SOLUTIONS GROUP plans in January 2025 to open Global Services Centre in Manila to support technical and flight operations of its airlines/MRO organizations, including IT, payroll, finance, and other administrative functions.
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GA-ATS

Dec 13, 2024
GA-ATS, Germany delivered first Do228 NG in North America to GA-ASI for airborne sensor R&D projects/testing.
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ARCHER AVIATION

Dec 13, 2024
ARCHER AVIATION formed partnership with ANDURIL INDUSTRIES to develop hybrid-propulsion VTOL aircraft for US DOD. It also raised $430m in additional equity from Stellantis, United Airlines, Wellington Management and 2PointZero.

Air Transport

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AIR TRANSPORT ACTION GROUP

Dec 07, 2024
AIR TRANSPORT ACTION GROUP (ATAG) says aviation industry supports 86.5m jobs globally and generates an economic impact of $4.1 trillion, representing 3.9% of global GDP. In 2023, 4,072 commercial airports were served by 1,138 airlines flying more than 29,000 aircraft on 67,300 global routes overseen by 162 air traffic management providers.
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IATA

Dec 07, 2024
IATA opened an expanded office in Abu Dhabi with new training center to offer cutting-edge programs across a wide range of aviation disciplines.
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TOKI AIR

Dec 07, 2024
TOKI AIR, Japan took delivery of its first ATR 42-600 (1618). It also operates two ATR 72-600s.
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SWISS INTERNATIONAL AIR LINES

Dec 07, 2024
SWISS INTERNATIONAL AIR LINES ordered for five more A350-900s for delivery from 2027. It now has 10 on order.
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AIRBUS

Dec 07, 2024
AIRBUS booked orders in November from undisclosed customers for 10 A321neos, 15 A330-900s and five A350-900s and now has 779 (742 net) orders in 2024.
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CHORUS AVIATION

Dec 07, 2024
CHORUS AVIATION completed sale of its Regional Aircraft Leasing unit, including FALKO, to HPS INVESTMENT PARTNERS.
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AIR INDIA

Dec 10, 2024
AIR INDIA confirmed order for another 10 A350s and 90 A320neo Fam aircraft in deal that includes Flight Hour Services-Component (FHS-C) package for A350s. It has now ordered 350 Airbus/220 Boeing aircraft (41 delivered) in 2023/2024.
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PHOENIX AVIATION CAPITAL and AIP CAPITAL

Dec 10, 2024
PHOENIX AVIATION CAPITAL and AIP CAPITAL closed $240m term loan facility from Citi, Société Générale, and HSBC to finance the acquisition of six next-generation aircraft (TBA) on long-term leases with five airlines.
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UNITED AIRLINES

Dec 10, 2024
UNITED AIRLINES agreed to sell six new 737-9s to Aircastle for leaseback; first (67739) was delivered.
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ETHIOPIAN AIRLINES

Dec 10, 2024
ETHIOPIAN AIRLINES agreed to acquire two CF6-powered 767-300Fs (67023/67024) from Air Canada.
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DELTA AIRLINES

Dec 10, 2024
DELTA AIR LINES opened 50,000 sq ft pilot training facility in Salt Lake City, UT.
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VIETNAM AIRLINES

Dec 10, 2024
VIETNAM AIRLINES took delivery of new GEnx-powered 787-10 (60295) on lease from ALC.
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AIRASIA

Dec 10, 2024
AIRASIA took delivery of new LEAP-powered A321neo (12225) on lease from AerCap.
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TURKISH AIRLINES

Dec 10, 2024
TURKISH AIRLINES leased ex-Avianca El Salvador A320-200 (5068) with V2500s from FTAI Aviation.
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BUDDHA AIR

Dec 10, 2024
BUDDHA AIR, Nepal acquired ex-Binter ATR 72-500 (907) and now has fleet of 19 ATRs.
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TURKISH AIRLINES

Dec 10, 2024
TURKISH AIRLINES leased ex-Avianca A321-200 (6294) with V2500s from Song Thrush Aviation.
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VOLARIS

Dec 10, 2024
VOLARIS sold fourth new GTF-powered A321neo (12206) to ACG and leased it as part of deal for four.
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AFRICA CHARTER AIRLINES

Dec 10, 2024
AFRICA CHARTER AIRLINES, South Africa is expected to acquire ex-ASL Airlines Ireland 737-400SF and now has two.
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GOL

Dec 10, 2024
GOL filed initial proposed Chapter 11 plan of reorganization with US Bankruptcy Court designed to extinguish US$1.7b in prepetition funded debt and up to US$850m of other obligations; it plans to emerge from Chapter 11 by end April 2025.
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IATA

Dec 10, 2024
IATA is projecting cumulative net airline industry profits of $36.6b in 2025 vs $31.5b predicted for 2024. Total revenues are projected to reach record $1.007 trillion, up 4.4% vs 2024; 5.2b enplanements, up 6.7%; and 72.5m tonnes cargo, up 5.8%. It expects current severe supply chain issues to continue to impact performance, raising costs/limiting growth.
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IATA

Dec 10, 2024
IATA says average age of global commercial aircraft fleet is 14.8 years, up from average of 13.6 years in 1990-2024; narrowbody lease rates are 20-30% higher than 2019. The number of parked aircraft is now 14% (5,000 aircraft; 700, or 2%, are parked for engine inspections) of total fleet, which is four percentage points higher than pre-pandemic levels.
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CAMBODIA ANGKOR AIR

Dec 10, 2024
CAMBODIA ANGKOR AIR agreed to lease three new ATR 72-600s from HNCAL (HNCA Aviation Financial Leasing), China.
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ALASKA AIR GROUP

Dec 10, 2024
ALASKA AIR GROUP unveiled 3-year 'Alaska Accelerate' strategic plan to deliver $1b in incremental profit by 2027 as result of expansion from merger with HAWAIIAN, which is plans to begin Seattle-Tokyo Narita/-Seoul in 2025 (A330).
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PHILLIPS 66

Dec 10, 2024
PHILLIPS 66 has United contract to supply 3m gallons of SAF, plus option for another 8m, for use at Chicago O'Hare and Los Angeles International.
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AEGEAN AIRLINES

Dec 10, 2024
AEGEAN AIRLINES plans February 23 to begin Athens-Erbil, Iraq (A320).
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AIR DOLOMITI

Dec 10, 2024
AIR DOLOMITI plans May 17 to begin Frankfurt-Figari (Corsica), France (E190).
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BOEING

Dec 10, 2024
BOEING delivered only 13 aircraft (nine 737 MAXs; two 777Fs; two 787s) in November vs 56 (737NG; 45 MAXs; two 767s; two 777Fs; six 787s) in Nov 2023; it has so far delivered 318 aircraft in 2024 vs 527 in all of 2023. It also announced orders for 20 737 MAXs from ALASKA (5) and an unidentified customer (15) and now has 427 (191 net) orders in 2024.
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JETBLUE

Dec 10, 2024
JETBLUE plans May 22 to begin daily Boston-Madrid/-Edinburgh (A321).
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KLM

Dec 10, 2024
KLM took delivery of second LEAP-powered A321neo (12238) on lease from CDB Aviation as part of deal for three.
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BREEZE

Dec 12, 2024
BREEZE agreed to sell three A220-300s to SMBC Aviation Capital for leaseback; first (55318) was delivered.
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SOUTHWEST AIRLINES

Dec 12, 2024
Aileen Furlong to Vice President-Sales of Southwest Airlines, Dallas.
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SAS

Dec 12, 2024
SAS plans in 2Q25 to begin Copenhagen-Wroclaw/-Bilbao.
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ARCANO PARTNERS

Dec 12, 2024
ARCANO PARTNERS, Spain acquired two A320-200s on lease to WIZZ AIR; Arena Aviation Capital will manage aircraft.
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TURKISH AIRLINES

Dec 12, 2024
TURKISH AIRLINES leased ex-Avianca A321-200 (6009) with V2500s from Deucalion Aviation.
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SKY HIGH

Dec 12, 2024
SKY HIGH, Dominican Republic agreed to lease ex-West Atlantic 737-300SF (23513) from Xtreme Group.
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CARGOJET

Dec 12, 2024
CARGOJET, Canada agreed to acquire ex-LATAM Cargo Colombia 767-300F (30780) with CF6s from Jetran.
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SKYAIRLINE

Dec 12, 2024
SKY AIRLINE, Chile took delivery of second A320neo (12319) on lease from SMBC Aviation Capital under deal for four.
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AIR ARABIA

Dec 12, 2024
AIR ARABIA leased ex-Peach A320-200 (7426) with CFM56s from BOC Aviation.
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MY FREIGHTER

Dec 12, 2024
MY FREIGHTER leased ex-Tus Airways A320-200 (2665) with CFM56s from AerCap for wet-lease to CENTRUM AIR.
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LONDON HEATHROW

Dec 12, 2024
LONDON HEATHROW handled record 6.5m pax in November, up 6.1% vs Nov 2023.
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ROYALJET

Dec 12, 2024
ROYALJET, Abu Dhabi signed MOU to order three ACJ320neos in deal that includes purchase rights for six more.
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AIRCALIN

Dec 13, 2024
AIRCALIN, New Caledonia ordered two A350-900s for 2026/2028 to replace one of its two A330-900s for 3-aircraft fleet.
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KOREAN AIR

Dec 13, 2024
KOREAN AIR completed acquisition of 63.88% of ASIANA AIRLINES for KRW800b, bringing total investment through a third-party allotment capital increase to KRW1,500b. AIR INCHEON is taking Asiana's air cargo freighter business.
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US DOT

Dec 13, 2024
US DOT says US airlines operated 617,979 flights in September, up 3.5% vs Sep 2023; on-time arrival rate was 84%.
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TRANSAT

Dec 13, 2024
TRANSAT posted C$114m net loss for year ended Oct 31 (vs C$25.3m loss a year ago) on 7.7% higher revenues.
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VOLOFIN

Dec 13, 2024
VOLOFIN closed VFIN 2024-1 ABS for $534m of notes to purchase lender interests in 22 aviation loan facilities.
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GLOBAL CROSSING AIRLINES

Dec 13, 2024
GLOBAL CROSSING AIRLINES and ATB AVIATION AUSTRALIA are forming joint venture in Melbourne for A320 charters.
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AIR NEW ZEALAND

Dec 13, 2024
AIR NEW ZEALAND plans in April 2025 to launch technical demonstrator program with BETA Technologies' ALIA CX300 battery-electric aircraft at Hamilton in preparation for launching all-electric commercial cargo services in 2026.
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ALOULA AVIATION

Dec 13, 2024
ALOULA AVIATION (Aramco Group), Saudi Arabia agreed to lease two 737-800s (TBA) from AerCap.
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US DOT

Dec 13, 2024
US DOT reports US airlines carried 77.5m pax (68m domestic/9.5m international) in September, up 1.6% vs Sept 2023.

Business Aviation

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ASCEND MAINTENANCE SERVICES

Dec 10, 2024
ASCEND MAINTENANCE SERVICES is opening general aviation aircraft maintenance facility at Denver's Centennial Airport.
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SKY HARBOUR GROUP

Dec 10, 2024
SKY HARBOUR GROUP acquired 120,000 sq ft business aircraft hangar campus at Camarillo, CA (north of Los Angeles).
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SATYS AEROSPACE

Dec 10, 2024
SATYS AEROSPACE has MOU from ExecuJet MRO Services Middle East for aircraft painting at its new facility in Dubai.
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COMLUX

Dec 10, 2024
COMLUX opened 20,000 sq meter maintenance/service center and regional headquarters at Dubai Al Maktoum International to provide light maintenance, hangarage, AOG services, cabin detailing, and aircraft cleaning services
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JET AVIATION DUBAI

Dec 10, 2024
JET AVIATION DUBAI was named by Pilatus as an authorized PC-24 service center (in addition to the PC-12).
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SIGNATURE AVIATION and EVE

Dec 12, 2024
SIGNATURE AVIATION and EVE teamed to research ecosystem requirements/ground services needed for AAM operations.
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MEDAIRE

Dec 12, 2024
MEDAIRE was selected by Qatar Executive to supply MedAire360 pax safety solution for its fleet, including G700.

Defense

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KAZAKHSTAN

Dec 10, 2024
KAZAKHSTAN took delivery of first of two A400Ms from Airbus, which will also provide training/maintenance support.
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SLOVAKIA

Dec 12, 2024
SLOVAKIA announced plans to order three Embraer C-390s in 2025

MRO

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AVIATOR

Dec 07, 2024
AVIATOR (Avia Solutions Group) was selected by Jettime to provide ground handling services at Copenhagen and Stockholm Arlanda for three years.
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RHEINLAND AIR SERVICES and LUFTHANSA TECHNIK AERO ALZEY

Dec 07, 2024
RHEINLAND AIR SERVICES and LUFTHANSA TECHNIK AERO ALZEY announced strategic collaboration in which LTAA will will deliver engine maintenance services to RAS and its customers in accordance with EASA Part 145 standards.
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LUFTHANSA TECHNIK

Dec 10, 2024
LUFTHANSA TECHNIK is building 54,000 sq meter aircraft/engine component MRO facility near Porto, Portugal for '27.
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HAECO

Dec 10, 2024
HAECO completed its 2,000th landing gear overhaul at Xiamen since 2008.
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EXECUTIVE JET SUPPORT (EJS)

Dec 10, 2024
EXECUTIVE JET SUPPORT (EJS) agreed to acquire ex-Air Burkina E175 (316) from Nordic Aviation Capital for part out at Bydgoszcz in 1Q25.
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3TOP AVIATION SERVICES

Dec 10, 2024
3TOP AVIATION SERVICES acquired ex-Tarom A318-100 (2931) with CFM56s for part out by ECUBE at Castellón, Spain.
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IBERIA MAINTENANCE

Dec 10, 2024
IBERIA MAINTENANCE added A321XLR wheel and brake capabilities.
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EGYPTAIR M&E

Dec 10, 2024
EGYPTAIR M&E confirmed talks with an undisclosed Middle East engine specialist to form engine MRO joint venture.
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CROSSCONSENSE

Dec 10, 2024
CROSSCONSENSE completed 16-month data migration project (from legacy MRO backend system to AMOS, developed by SWISS AS) for TAP Air Portugal; ROLAND BERGER served as strategic partner on project.
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ROLLS-ROYCE

Dec 10, 2024
ROLLS-ROYCE inducted first Trent 1000 for maintenance at Dahlewitz, following its pledge to invest £55m in assembly, test and shop visit capacity in UK and Germany, enabling introduction of its Durability Enhancement package in 2025.
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EPCOR (AFI KLM E&M)

Dec 10, 2024
EPCOR (AFI KLM E&M) was selected by Philippine Airlines as partner to maintain 131-9A APUs for its A320s.
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ALLIANCE AIRLINES

Dec 10, 2024
ALLIANCE AIRLINES agreed to sell six E190s (airframes only; all originally owned by AerCap) to SCISSORTAIL AVIATION and BELLINGER ASSET MANAGEMENT for part out. It will retain ownership of engines, undercarriages and APUs.
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AFI KLM E&M and AAR

Dec 13, 2024
AFI KLM E&M and AAR agreed to form joint venture in Chonburi, Thailand to perform new-gen nacelle maintenance.
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TAT TECHNOLOGIES

Dec 13, 2024
TAT TECHNOLOGIES has 5-year, $17m contract from unidentified North American cargo carrier for 757/767 APU MRO.
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GATES SPAH(W)

Dec 13, 2024
GATES SPAH(W), OH received FAA approval to add limited airframe capabilities and borescope inspections and engine changes on both CF6- and PW4000-powered 767s to its operations specifications.
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SAFRAN

Dec 13, 2024
SAFRAN plans to build 11,000 sq meter LEAP module maintenance facility in Brussels Airport to open in mid-2027.

Who’sNews

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WHO'SNEWS: AIRBUS

Dec 07, 2024
Carmen-Maja Rex to Chief Human Resources Officer of Airbus (effective April 2025).
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WHO'SNEWS: JAZZ

Dec 07, 2024
Doug Clarke to President of Jazz, Canada.
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WHO'SNEWS: CHORUS AVIATION

Dec 07, 2024
Randolph deGooyer to Chief Operating Officer of Chorus Aviation, Canada (effective January 1); Jolene Mahody is retiring
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WHO'SNEWS: DEUTSCHE AIRCRAFT

Dec 10, 2024
Nico Neumann to co-Chief Executive Officer of Deutsche Aircraft, Germany; Dave Jackson is other co-CEO.
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WHO'SNEWS: STAR ALLIANCE

Dec 10, 2024
Michael Rousseau, CEO of Air Canada, was elected new Chairperson of Chief Executive Board of Star Alliance, succeeding United's Scott Kirby.
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WHO'SNEWS:INTERNATIONAL AIRCRAFT DEALERS ASSOCIATION (IADA)

Dec 10, 2024
Louis C. Seno, Jr. to Executive Director of International Aircraft Dealers Association (IADA), ID (effective January 1).
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WHO'SNEWS: AOPA

Dec 10, 2024
James N. Hauslein to Chairman of AOPA, Washington, DC; Bill Trimble is retiring at end of 2024.
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WHO'SNEWS: SURF AIR MOBILITY

Dec 10, 2024
Deanna White to Chief Executive Officer & Chief Operating Officer of Surf Air Mobility, Los Angeles.
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WHO'SNEWS: ORIX CORPORATION

Dec 12, 2024
James Meyler, CEO of Orix Aviation, was also named Group Executive of ORIX Corporation Japan
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WHO'SNEWS: ORIX CORPORATION

Dec 12, 2024
John O'Donoghue to General Counsel of Orix Aviation, Dublin.
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WHO'SNEWS: JETTAINER

Dec 13, 2024
Stefanie Pauly to Chief Information and Technology Officer of Jettainer, Germany.
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WHO'SNEWS: TRUENOORD

Dec 13, 2024
Florian van Vugt to Corporate Finance Manager of TrueNoord, Amsterdam.
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WHO'SNEWS: GENERAL AVIATION MANUFACTURERS ASSOCIATION (GAMA)

Dec 13, 2024
James Viola to next President and CEO of General Aviation Manufacturers Association (GAMA); Pete Bunce is retiring in early 2025.