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Aerospace

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INCORA

Jan 03, 2025
INCORA (Wesco Aircraft/Pattonair) confirmed its Plan of Reorganization to emerge from Chapter 11 in January 2025.
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VOLOCOPTER

Jan 03, 2025
VOLOCOPTER, Germany filed for insolvency proceedings to secure a long-planned capital increase from its existing shareholders; it is operating as normal. A partner at Anchor Rechtsanwältegesellschaft was appointed as administrator.
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BAYKAR

Jan 03, 2025
BAYKAR, Türkiye won bidding process to acquire PIAGGIO AEROSPACE; deal has been approved by Italy’s Ministry of Enterprises and Made in Italy.

Air Transport

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SILVER AIRWAYS

Jan 03, 2025
SILVER AIRWAYS has filed for Chapter 11 protection to secure additional capital and undertake a financial restructuring. It plans to complete process in 1Q25 and is continuing to operate as usual with eight ATR 42s and six ATR 72s.
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TAAG ANGOLA AIRLINES

Jan 03, 2025
TAAG ANGOLA AIRLINES agreed to sell new GEnx-powered 787-9 (66877) to AerCap for leaseback from Feb 2025.
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HONG KONG AIRLINES

Jan 03, 2025
HONG KONG AIRLINES leased ex-China Eastern A320 (5156) with V2500s from Haitong UniTrust.
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VIETNAM AIRLINES

Jan 03, 2025
VIETNAM AIRLINES took delivery of new A320neo (12253) with GTFs on lease from ICBC Leasing.
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LATAM AIRLINES BRASIL

Jan 03, 2025
LATAM AIRLINES BRASIL took delivery of new A320neo (12398) with GTFs on lease from BOC Aviation.
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GARUDA INDONESIA

Jan 03, 2025
GARUDA INDONESIA leased second ex-Fly Baghdad 737-800 (30142) from DAE Capital.
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SKY AIRLINE

Jan 03, 2025
SKY AIRLINE, Chile took delivery of third A320neo (12320) on lease from SMBC Aviation Capital under deal for four.
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KALITTA AIR

Jan 03, 2025
KALITTA AIR took delivery of second ex-Emirates 777F (35609) on lease from DAE Capital; third (35610) is due shortly.
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SUN COUNTRY AIRLINES

Jan 03, 2025
SUN COUNTRY AIRLINES took delivery of first (40069) of five ex-Oman Air 737-900ERs previously purchased from GOAL (SPNWS; March 31, 2023); remaining four (40070/40071/44424/44425) are due as leases expire through end '25.
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BRUSSELS AIRLINES

Jan 03, 2025
BRUSSELS AIRLINES (Lufthansa Group) plans by mid-2026 to add three new A320neos to current fleet of five to replace two older A319-100s (2) and accommodate growth (1). It is also adding three A330s in coming years (SPNWS; Sep 20).
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FTAI AVIATION

Jan 03, 2025
FTAI AVIATION announced launch of Strategic Capital initiative with third-party institutional investors, initially focusing on acquiring 737NGs/A320ceos, which includes partnership taking over 46 FTAI-owned, on-lease aircraft for US$549m.
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DAE CAPITAL

Jan 03, 2025
DAE CAPITAL acquired 83 aircraft in 2024 (vs 20 in 2023) and sold 68 (vs 30). It also signed 233 lease agreements, extensions and amendments (vs 150) and now has owned/managed/committed fleet of >500 aircraft. DAE ENGINEERING booked >1.5m man-hours (vs 1.4m), performed >300 aircraft checks (>300), and increased its hangar capacity by 30%.
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JEJU AIR

Jan 03, 2025
JEJU AIR lost 737-800 (37541) when it was destroyed while landing at Muan Intenational, South Korea, killing 179 of 181 pax/crew; aircraft landed with gear up, slid through runway and collided with ILS localizer antenna array and a wall.
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FTD.AERO

Jan 03, 2025
FTD.AERO, Poland has T'way Air contract to supply 737-800 Level 4 FTD.
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CPaT GLOBAL

Jan 03, 2025
CPaT GLOBAL was selected by Romania's Legend Airlines to provide A330/A340 distance learning solutions for pilot and cabin crew training.
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AJET

Jan 03, 2025
AJET plans March 11 to begin Istanbul Sabiha Gokcen-Urmia, Iran (737).
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GP AVIATION

Jan 03, 2025
GP AVIATION plans March 31 to begin Pristina, Kosovo-Paris CDG (737).
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URAL AIRLINES

Jan 03, 2025
URAL AIRLINES plans April 1 to begin Krasnoyarsk-Samarkand (A321).
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HONG KONG AIRLINES

Jan 03, 2025
HONG KONG AIRLINES received two A321-200s (6853/6863) from Capital Airlines and A330-300 (1840) from Tianjin Airlines, both sister airlines.
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IATA

Jan 03, 2025
IATA added Bulgaria's Electra Airways as a new airline member.
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LAX

Jan 03, 2025
LAX handled 5.9m pax in November, down 2.9% vs November 2023 and down 11.9% vs November 2019.
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SOLA AIR

Jan 03, 2025
SOLA AIR, Sweden plans early 2025 startup of service out of Karlstad with four Saab 340s acquired from Thunbolagen.
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AIRBALTIC

Jan 03, 2025
AIRBALTIC says it is being forced to cancel 4,670 flights during summer 2025 due to unexpected delays and prolonged maintenance for GTF engines; several A220-300 aircraft will remain grounded into 2025 due to an engine shortage.
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CPaT GLOBAL

Jan 03, 2025
CPaT GLOBAL was selected by the Saudia Academy (Prince Sultan Aviation Academy) as partner to enhance pilot and cabin crew training programs.
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SETNA iO

Jan 03, 2025
SETNA iO acquired an ex-Malaysia Airlines A380-800 from Airbus Financial Services for part out at Tarbes, France; and three 737-800s (30905/30906/40583; leased to AMERICAN) from AerCap for part out upon expiration of leases.

Business Aviation

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FLIGHT DESIGN

Jan 03, 2025
FLIGHT DESIGN, Germany filed for insolvency, citing non-payment of substantial amount by an international customer for its light sport aircraft.
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WESTERN AIRCRAFT

Jan 03, 2025
WESTERN AIRCRAFT, ID surpassed $2b in total aircraft sales, underscoring its success since becoming a Pilatus dealer in 1996 (also Piper dealer).

Defense

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AIR INDUSTRIES GROUP

Jan 03, 2025
AIR INDUSTRIES GROUP announced new $2.6m contract from an undisclosed customer to supply aftermarket landing gear assemblies for US Navy E-2D Advanced Hawkeye aircraft. It booked three contracts worth $45m in December.
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EMBRAER

Jan 03, 2025
EMBRAER secured contract from an undisclosed customer for two C-390s in deal that includes training/spares support, plus two orders for total of 10 A-29 Super Tucano light attack and advanced trainers from undisclosed customers. It has now booked orders in 2024 for 19 C-390s and >30 Super Tocanos and will end year with D&S backlog of US$4.9b.

MRO

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TURNING ROCK PARTNERS

Jan 03, 2025
TURNING ROCK PARTNERS exited NEXT LEVEL AVIATION, FL with majority redemption of preferred equity investment.
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ONE EQUITY PARTNERS

Jan 03, 2025
ONE EQUITY PARTNERS has acquired Houston-based ETHOSENERGY, which maintains rotating equipment for industrial gas turbine engines.
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STANDARDAERO

Jan 03, 2025
STANDARDAERO was selected by US-Bangla Airlines to provide PW127M maintenance/repair/overhaul (non-exclusive) at Summerside, PEI, Canada.
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TP AEROSPACE

Jan 03, 2025
TP AEROSPACE was selected by Malaysia's MJets Air to provide 737 wheel/brake support via Cycle Flat Rate Program (fixed rate per landing).
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STS AVIATION GROUP

Jan 03, 2025
STS AVIATION GROUP says the global MRO industry, projected at >$282b in 2025, is set to face significant challenges, from supply chain issues and labor shortages to technological disruptions and increased demand; proactive adaptation will be key to success and MRO companies that embrace change and invest in strategic initiatives now will reap rewards.

Who’sNews

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WHO'SNEWS: AVITAS

Jan 03, 2025
Joubine Motaharian to Vice President-Consulting of AVITAS, Fairfax, VA.
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WHO'SNEWS: WERNER AERO

Jan 03, 2025
Toshinori (Tony) Kondo to Chief Executive Officer of Werner Aero, NJ, succeeding Mike Cazaz, who retired at end of 2024.
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WHO'SNEWS: ALROSA AIRLINES

Jan 03, 2025
Igor Khoroshikh to Director General of Alrosa Airlines, Russia.
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WHO'SNEWS: YAKUTIA AIRLINES

Jan 03, 2025
Vladimir Nikolaev to Acting Director General of Yakutia Airlines, Russia.