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SpeedNews - May 8, 2026

May 08, 2026

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Aerospace

TELAIR INTL

May 02, 2026

TELAIR INTL posted it was selected by Airbus to supply forward/aft lower deck cargo handling system for the A350F.

CCE GROUP

May 02, 2026

CCE GROUP, France acquired INTECH AEROSPACE, TX (cabin repair/refurb/fabrication and aftermarket support); Alderman & Co. arranged. It also signed MOU to acquire GAL AEROSPACE, Canada (overhead bins/monuments/lavs).

AVIATION WEEK NETWORK

May 02, 2026

AVIATION WEEK NETWORK projects active fleet in China will increase from >9,500 engines in 2026 to >11,600 by end 2035, resulting in 10-year, $135b engine MRO market, growing 2.7% per year to >16,100 overhaul events by 2035.

MELOCHE GROUP

May 05, 2026

MELOCHE GROUP, Canada has acquired France's GROUPE ROSSI AERO (parts manufacturing) from Mecachrome.

AMAZON SUPPLY CHAIN SERVICES (ASCS)

May 05, 2026

AMAZON SUPPLY CHAIN SERVICES (ASCS) was launched by Amazon to extend its entire portfolio of freight, distribution, fulfillment, and parcel shipping solutions to businesses of all types and sizes, including manufacturing.

WISK AIR

May 05, 2026

WISK AIR completed first flight of its second Gen 6 aircraft, which included vertical takeoff, hover, and chirp maneuvers; dual-aircraft testing phase will focus on expanding flight envelope, including transitioning from hover to wing-borne flight.

GENERAL ATOMICS AEROTEC SYSTEMS (GA-ATS)

May 05, 2026

GENERAL ATOMICS AEROTEC SYSTEMS (GA-ATS), Germany completed first flight of Do228 NXT demonstrator at Oberpfaffenhofen; it plans to display aircraft at ILA Berlin (June 10-14) and Farnborough (July 20-24).

L2 AVIATION

May 05, 2026

L2 AVIATION was selected by Viasat to join Velaris ecosystem via Galaxy 1 Communications to provide global satellite connectivity to uncrewed and Advanced Air Mobility (AAM) aircraft, enabling command and control and other essential operational data links.

DONALDSON

May 06, 2026

DONALDSON has acquired Tulsa-based FACET FILTRATION (jet fuel filtration solutions).

TRANSDIGM GROUP

May 06, 2026

TRANSDIGM GROUP had $536m net income on $2.54b sales in second quarter ended March 31 vs $479m on $2.15b.

EATON AEROSPACE

May 06, 2026

EATON AEROSPACE earned $304m on record $1.1b sales in 1Q26 vs $226m on $979m in 1Q25; y-o-y backlog rose 28%.

EVE AIR MOBILITY

May 06, 2026

EVE AIR MOBILITY posted $68.8m net loss in 1Q26 vs $48.8m loss in 1Q25, citing higher R&D expenses; its total cash consumption in 1Q26 was $68.6m vs $25.4m in 1Q25 and it ended quarter with $441.4m in cash/investments.

SATAIR

May 06, 2026

SATAIR relocated head office to 7,900 sq meter space in landmark "Public" building in Ørestad, Copenhagen; warehouse ops will continue in Kastrup.

COMPASS PRECISION

May 07, 2026

COMPASS PRECISION acquired ACCU-TOOL, NC (precision metal components), which was formed via combination of three Charlotte-area machine shops: Advanced Machining & Tooling, Quality Products & Machine and Tri-Tec Industries.

ITP AERO

May 07, 2026

ITP AERO broke ground on new engine component manufacturing facility at Hyderabad, India for 2027.

VSE

May 07, 2026

VSE had $29.1m net income on $324.6m revenues in 1Q26 vs $14m on $256m in 1Q25; with acquisition of PRECSION AVIATION GROUP, it now expects full year revenue growth of 57%-61%, compared to its prior outlook of 19%-23%.

FACC

May 07, 2026

FACC had €9.7m pretax profit in 1Q26 (vs €4.3m in 1Q25) on 11.8% higher revenues; it now has >4,000 FTEs.

VSE

May 07, 2026

VSE was appointed by TIGHITCO has aftermarket distribution partner for its payload restraint, onboard equipment and interior aircraft products.

H.B. FULLER

May 07, 2026

H.B. FULLER is establishing an adhesives Aerospace Manufacturing Center of Excellence in Charlotte, NC to open in early 2027.

BAE SYSTEMS

May 07, 2026

BAE SYSTEMS added 150,000 sq ft facility at Endicott, NY for developing and producing high-voltage energy storage for hybrid and all-electric aircraft.

LARS WINGEFORS

May 07, 2026

LARS WINGEFORS, Sweden consolidated its aviation-related operations, comprising Fly Sola Air, Täby Air Maintenance, Empterwik Rental, Sola Service and FBO Karlstad, into new group named W. AVIATION, led by Daniel Elfstedt as CEO.

L SQUARED CAPITAL PARTNERS

May 07, 2026

L SQUARED CAPITAL PARTNERS, CA launched buy-and-build platform, led by Philip Gunn, for aerospace, space, and defense sector, emphasizing strategic programs, component technology, and modeling, simulation, test & training.

AAR

May 07, 2026

AAR is restructuring into four operating segments: Parts Supply; Repair, Engineering and Software; Government Solutions; and Legacy Commercial Programs, which, with $160m in net assets, is to wind-down over next 3-4 years.

LOAR HOLDINGS

May 07, 2026

LOAR HOLDINGS had $11.1m net income on $156.1m sales in 1Q26 vs $15.3m on $114.7m in 1Q25.

HOWMET AEROSPACE

May 07, 2026

HOWMET AEROSPACE had $580m net income on $2.3b revenues in 1Q26 vs $344m on $1.9b in 1Q25.

OTTO AEROSPACE

May 07, 2026

OTTO AEROSPACE completed flight-test campaign for its unmanned drone aircraft with laminar-flow technology, funded in part under 24-month contract with DARPA and OECIF to advance research for Energy Web Aircraft (EWA) program.

HOWMET AEROSPACE

May 07, 2026

HOWMET AEROSPACE completed previously announced acquisition of Southern California-based CONSOLIDATED AEROSPACE MANUFACTURING (fasteners/fluid fittings) from Stanley Black & Decker for $1.8b. It also announced sale of its Savannah, GA disk forging facility that operated within the Engineered Structures segment for approximately $230m.

CURTISS-WRIGHT AEROSPACE & INDUSTRIAL

May 07, 2026

CURTISS-WRIGHT AEROSPACE & INDUSTRIAL earned $38m on $255m sales in 1Q26 vs $30m on $227m in 1Q25.

ROLLS-ROYCE

May 07, 2026

ROLLS-ROYCE says >30% of Trent 1000-TEN fleet has been upgraded with XE package, based on Trent 7000 HPT blades.

AIRBUS

May 07, 2026

AIRBUS delivered 67 aircraft (five A220s; 55 A320neo Family; three A330neo; four A350s) in April vs 56 (seven A220s; 43 A320neo; two A330neo; four A350s) in April 2025; it has now delivered 181 aircraft in 2026. It also booked new orders from undisclosed customers for two A220-300s, six A321neos and 15 A350-900s, increasing 2026 total to 436.

PROPONENT

May 07, 2026

PROPONENT was selected by Jamco Interiors as exclusive global spares distributor (phased implementation during 2026; fully operational in 2027).

Aerospace/Air Transport

WILLIS LEASE FINANCE

May 06, 2026

WILLIS LEASE FINANCE had $25.1m net profit on $194m revenues in 1Q26 vs $16.9m on $158m in 1Q25, ending quarter with 342 engines (vs 347 a year ago), 20 aircraft (vs 15), and other leased parts and equipment worth $2.86b.

Aerospace/MRO

VSE

May 06, 2026

VSE completed acquisition of PRECISION AVIATION GROUP, GA (MRO services/distribution/supply chain solutions) from GenNx360 Capital Partners for $2.025b cash/equity, increasing its revenue by ~50% on a pro forma 2025 basis.

Air Transport

AIR CHINA CARGO

May 02, 2026

AIR CHINA CARGO picked up its four options for A350Fs and now has 10 on order for delivery starting in 2029.

FRONTIER AIRLINES

May 02, 2026

FRONTIER AIRLINES took delivery of second A321neo (12905) from Macquarie AirFinance under SLB deal for six.

AIR CANADA

May 02, 2026

AIR CANADA posted C$48m net income for 1Q26 (vs C$102m loss in 1Q25) on 11.3% higher revenues/2.4% higher capacity, ending quarter with free cash flow of C$1.604b. It suspended guidance for 2026 due to Middle East conflict.

ALLEGIANT AIR

May 02, 2026

ALLEGIANT AIR posted $69.6m adjusted net income for 1Q26 (vs $39m in 1Q25) on 9.6% higher revenues/5.9% lower capacity, ending quarter with $1.2b in total available liquidity and 123 aircraft: 17 737-8200s/78 A320s/28 A319s.

T'WAY AIR

May 02, 2026

T'WAY AIR, South Korea is rebranding as TRINITY AIRWAYS; its first A330-900 (2152; to be leased from Avolon) was rolled out in Toulouse.

SPIRIT AIRLINES

May 05, 2026

SPIRIT AIRLINES ceased service on May 2 and began an orderly wind-down of operations after 33 years in business, citing geopolitical events and massive/sustained increase in fuel prices (it spent $100m in March 1-April 30). It ended operations with ~175 A320 Family aircraft and Fort Lauderdale, Orlando and LaGuardia as its largest airports by capacity.

JETBLUE

May 05, 2026

JETBLUE plans November 2 to begin daily San Juan, PR-Baltimore (A320).

EGYPTAIR

May 05, 2026

EGYPTAIR agreed to lease 18 737 MAXs from SMBC Aviation Capital; first two 737-8s (68135/68136) were delivered.

CPaT GLOBAL

May 05, 2026

CPaT GLOBAL has AeroLogic contract to provide 777F aircraft systems courses, plus access to CPaT Invent to create and manage its own training content.

UNITED AIRLINES

May 05, 2026

UNITED AIRLINES took delivery of new LEAP-powered 737-9 (43441) on lease from CMB Financial Leasing.

STARLINK

May 05, 2026

STARLINK was selected by Singapore Airlines to provide inflight Wi-Fi for its 65 A350s and 12 A380s from 1Q27.

JETBLUE

May 05, 2026

JETBLUE announced, in response to shutdown of Spirit Airlines, a major expansion at Fort Lauderdale that includes service to six new cities (Barranquilla, Colombia; Baltimore; Cali, Colombia; Charlotte; Columbus, OH; and Indianapolis) and new nonstop service to five other existing destinations (Nashville; Detroit; Houston; Chicago; and Ponce, Puerto Rico).

AIR GHANA

May 05, 2026

AIR GHANA acquired third 737-400SF (24439; ex-West Atlantic UK) on lease from Swiftair for operation for DHL AVIATION.

GREAT NORTH AIRLINES

May 05, 2026

GREAT NORTH AIRLINES, Canada leased ex-QantasLink Dash 8-300 (578) from Avmax.

AZORRA

May 06, 2026

AZORRA acquired eight A220-300s from DAE: two (55424/55434) leased to TAAG ANGOLA AIRLINES (new customer) and six others on order with Airbus for delivery in 2027-2028, increasing its total A220-300 commitments to 15 aircraft.

FRONTIER AIRLINES

May 06, 2026

FRONTIER AIRLINES posted $272m net loss for 1Q26 (vs $43m loss in 1Q25) on 1.1% higher revenues/1% lower capacity; result included $139m charge related to previously announced early lease termination of 24 A320neo aircraft.

CARGOJET

May 06, 2026

CARGOJET posted C$4.1m net income for 1Q26 (vs C$48m in 1Q25) on 1.9% higher revenues/2% lower block hours.

FRONTIER AIRLINES

May 06, 2026

FRONTIER AIRLINES ended 1Q26 with 183 A320 Family aircraft, all financed via operating leases that expire in 2026-2038. It expects to take delivery of seven aircraft in 2Q26 and return 24 to AerCap under Early Return Agreement.

AIR ASTANA

May 06, 2026

AIR ASTANA posted US$48.2m EBITDAR for 1Q26 (vs $59.9m in 1Q25) on 13.2% higher revenues/0.7% higher capacity.

FRONTIER AIRLINES

May 06, 2026

FRONTIER AIRLINES took delivery of GTF-powered A320neo (13176) on lease from BOC Aviation.

BOEING

May 07, 2026

BOEING was selected by Alaska Airlines for its Virtual Airplane training platform that enables pilots to practice procedures outside of traditional training environments.

LUFTHANSA GROUP

May 07, 2026

LUFTHANSA GROUP posted €665m net loss in 1Q26 (vs €885m loss in 1Q25) on 8% higher revenues/1% higher capacity, ending quarter with €7.7b in total liquidity. It is maintaining its positive outlook for full year 2026.

LUFTHANSA AIRLINES

May 07, 2026

LUFTHANSA AIRLINES lost €298m in 1Q26 (vs €563m loss in 1Q25) on 2% higher revenues/2% lower capacity.

SWISS

May 07, 2026

SWISS earned €41m in 1Q26 (vs €10m loss in 1Q25) on 7% higher revenues/3% higher capacity.

AUSTRIAN AIRLINES

May 07, 2026

AUSTRIAN AIRLINES lost €112m in 1Q26 (vs €112m loss in 1Q25) on 5% higher revenues/1% lower capacity.

BRUSSELS AIRLINES

May 07, 2026

BRUSSELS AIRLINES lost €55m in 1Q26 (vs €53m loss in 1Q25) on 13% higher revenues/11% higher capacity.

EUROWINGS

May 07, 2026

EUROWINGS lost €215m in 1Q26 (vs €202m loss in 1Q25) on 18% higher revenues/5% higher capacity.

9 AIR

May 07, 2026

9 AIR, China agreed to lease two new 737-8s (67925/67926; managed by AIP Capital) from Phoenix Aviation Capital.

LATAM AIRLINES GROUP

May 07, 2026

LATAM AIRLINES GROUP had US$576m net income in 1Q26 (vs $355m in 1Q25) on 22% higher revenues/10.4% higher capacity, ending quarter with $4.1b in total liquidity and fleet of 375 aircraft. It saw 28% premium revenue growth.

SKY VISION AIRLINES

May 07, 2026

SKY VISION AIRLINES, Egypt leased ex-Fly2Sky A321-200 (1503) with CFM56s from Avora Aviation.

VOLOTEA AIRLINES

May 07, 2026

VOLOTEA AIRLINES, Spain leased ex-Condor A320-200 (2142) with CFM56s from Maverick Horizon.

LOT

May 07, 2026

LOT agreed to lease two ex-THAI 787-8s (35320/36110) with Trent 1000s from DP Aircraft from late 2026.

US DOT

May 07, 2026

US DOT reports US airline fuel cost was $3.13/gallon in March vs $2.39 in Feb 2026; y-o-y consumption rose 0.6%.

FLYONE ARMENIA

May 07, 2026

FLYONE ARMENIA ordered two A321neos (engines/delivery TBA). It currently operates one A321-200 and five A320-200s with a sixth (3644; ex-SmartLynx Malta) due for delivery on lease from AerCap.

SOUTHWEST

May 07, 2026

SOUTHWEST plans to expand at Las Vegas and Orlando following collapse of Spirit Airlines, adding new service from Las Vegas to 11 cities (Santa Rosa, CA; Anchorage; Boston; Cancun; Hilo; Knoxville; Miami; Philadelphia; Cabo; Puerto Vallarta; San Jose, CR) and from Orlando to six (St. Thomas; Knoxville; St. Maarten; Little Rock; San Jose, CA; Wichita).

VIETJET

May 07, 2026

VIETJET plans May 20 to begin seasonal Da Nang-Novosibirsk (A330).

AIR CONGO

May 07, 2026

AIR CONGO is wet-leasing a 787-8 from Ethiopian Airlines to operate five-times-weekly Kinshasa-Brussels from July 1.

AIRASIA

May 07, 2026

AIRASIA ordered 150/optioned 150 GTF-powered A220-300s for delivery starting in 2028 in new high-density, 160-seat configuration made possible by addition of an extra overwing exit on each side of aircraft. It says aircraft will offer seamless path to future 180-seat A220-500 to replace A320s, with larger A321s to eventually replace its A330-300s.

SCOOT

May 07, 2026

SCOOT ordered 11 more GTF-powered A320 Family aircraft for delivery starting in 2028 to increase its fleet to 20.

JETCRAFT COMMERCIAL

May 07, 2026

JETCRAFT COMMERCIAL purchased ex-Eastern Airways ATR 72-600 (1231) from Aergo Capital.

ALASKA AIRLINES

May 07, 2026

ALASKA AIRLINES plans September 8 to begin twice-daily Seattle-Long Beach, CA (737).

EMIRATES

May 07, 2026

EMIRATES had US$5.4b net profit for year ended March 31 (vs $5.2b a year ago) on 2% higher revenues/1% lower seat capacity (total pax/cargo capacity grew 1%), ending year with 277 aircraft, plus another 367 on order for 2026-2038. EMIRATES GROUP posted $5.7b net income (vs $5.6b a year ago) on record revenues of $41b, up 3% vs a year ago.

AIR MARSHALL ISLANDS

May 07, 2026

AIR MARSHALL ISLANDS took delivery of its first of two new Cessna SkyCouriers to replace aging DO228s.

EUROPEAN AIR CHARTER

May 07, 2026

EUROPEAN AIR CHARTER, Bulgaria has acquired ex-Allegiant A320-200 (2116) with CFM56s and now has nine A320s.

BRAATHENS REGIONAL AIRLINES

May 07, 2026

BRAATHENS REGIONAL AIRLINES sold two ATR 72-600s (1348/1357) to ACIA Aero Leasing and leased them back.

SUMISHO AIR LEASE

May 07, 2026

SUMISHO AIR LEASE had $114.8m net income on $739.2m revenues in 1Q26 vs $364.8m ($332m from insurance claims for aircraft in Russia) on $738.3m in 1Q25, ending quarter with owned/managed/committed fleet of 742 aircraft.

Business Aviation

BOMBARDIER

May 02, 2026

BOMBARDIER had $53m net income on $1.6b revenues in 1Q26 vs $44m on $1.5b in 1Q25, ending quarter with $20.3b backlog and $2b in available liquidity. It delivered 24 business jets (10 large) vs 23 (11), and plans >157 in 2026.

NETJETS

May 06, 2026

NETJETS (as fleet launch customer) took delivery of first three Cessna Citation Ascend business jets under deal with Textron Aviation to acquire up to 1,500 Cessna Citations, including Ascend, Latitude, and Longitude.

FLIGHTSAFETY INTERNATIONSAL

May 07, 2026

FLIGHTSAFETY INTERNATIONAL has FAA approval for Virtual Aircraft Preflight Inspection (VAPI) with Evaluation Mode for EMB-550, G500/G600, and Citation Latitude training programs; G280, G650, and Falcon 8X are to follow.

Defense

MRO

Who’sNews

WHO'SNEWS: QANTAS

May 02, 2026

J.C. Wanja Campbell-Crocker to Senior Engine Asset Coordinator of Qantas.

WHO'SNEWS: FALKO REGIONAL AIRCRAFT

May 02, 2026

Graham Joiner to Vice President-Technical of Falko Regional Aircraft.

WHO'SNEWS: CRESTONE AIR PARTNERS

May 02, 2026

Christopher Rodrigues to Senior Vice President of Marketing-Asia, based in Hong Kong, of Crestone Air Partners.

WHO'SNEWS: PRATT & WHITNEY

May 05, 2026

Nick Vitello to Vice President of Supply Chain-Assembly & Test of Pratt & Whitney.

WHO'SNEWS: VIETJET

May 05, 2026

Nguyen Thanh Son to Chief Executive Officer of VietJet.

WHO'SNEWS: SKYSERVICE BUSINESS AVIATION

May 05, 2026

Alejandra Parés to Senior Director-Strategy and Continuous Improvement of Skyservice Business Aviation.

WHO'SNEWS: DELTA TECHOPS

May 05, 2026

Mark Covey to Manager-Commercial Engine Sales & Customer Experience of Delta TechOps.

WHO'SNEWS: STANDARDAERO

May 05, 2026

Roger Willis to Director of Sales for the Americas-Commercial Engines Services of StandardAero.

WHO'SNEWS: AERADVISE GROUP

May 06, 2026

Donal Moore to Chief Executive Officer of Aeradvise Group; Founder Pat Toner will become Executive Chairman.

WHO'SNEWS: EUROATLANTIC AIRWAYS

May 06, 2026

Pauls Calitis to Chief Executive Officer of euroAtlantic Airways, Portugal.

WHO'SNEWS: LOCKHEED MARTIN AERONAUTICS

May 07, 2026

Orlando Sanchez, Jr. to President of Lockheed Martin Aeronautics (effective June 1), succeeding retiring Greg Ulmer.

WHO'SNEWS: CRIMSON AVIATION CAPITAL

May 07, 2026

Jasmin Brickman to Trading Director of Crimson Aviation Capital, Dublin.

WHO'SNEWS: AIRCASTLE

May 07, 2026

Roy Finn to Senior Pricing Analyst of Aircastle.

WHO'SNEWS: MCDANCEL ADVANCED MATERIAL TECHNOLOGIES

May 07, 2026

Mike Ingram to Chief Executive Officer of McDancel Advanced Material Technologies, PA.

WHO'SNEWS: AIRCASTLE

May 07, 2026

Nadene McKenzie-Reid to Chief Information Officer of Aircastle (effective June 1).

WHO'SNEWS: SILVER AIR PRIVATE JETS

May 07, 2026

Hansford Smith to Vice President of Risk Management of Silver Air Private Jets, CA.

Market Sector

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SpeedNews - May 8, 2026

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Aerospace

Aerospace/Air Transport

Aerospace/MRO

Air Transport

Business Aviation

Defense

MRO

Who’sNews