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Magazine Issue

SpeedNews - October 16, 2026

VOL. 47 NO. 40 October 16, 2026

Aerospace

HEART AEROSPACE

Oct 12, 2026

HEART AEROSPACE, Los Angeles has secured $2.9m award from FAA to advance its ES-36 hybrid propulsion system under agency's Continuous Lower Energy, Emissions, and Noise (CLEEN) public-private partnership program. With an equal cost share from Heart, the award supports a $5.8m, 24-month HYPER R&D and demonstration project.

LATECOERE

Oct 13, 2026

LATECOERE was selected by Airbus Helicopters to provide additional Cockpit Control Panels (CCP) for H175s under new Full Icing Protection System (FIPS) configuration to significantly expand operational envelope in icing conditions.

MOMENT

Oct 13, 2026

MOMENT was selected by Tajikistan's Somon Air to provide its Flymingo Box portable IFE servers for eight 737 MAXs.

BOEING

Oct 13, 2026

BOEING delivered 57 aircraft (43 737 MAXs; three 767-2Cs; 767-300F; two 777Fs; eight 787s) in Sept vs 55 (737NG; 40 MAXs; two 767-2Cs; two 767-300Fs; three 777Fs; seven 787s) in Sep 2025; and has now delivered 475 in 2026. It also booked orders for 165 aircraft, including six MAXs and 18 787s from unidentified customers and now has 663 for year.

PRECISE AEROSPACE & DEFENSE

Oct 13, 2026

PRECISE AEROSPACE & DEFENSE was formed by ATL Partners to build a scaled and vertically-integrated provider of mission critical, highly complex components and sub-systems for the aerospace, defense, and space end markets; it announced its inaugural acquisition of Phoenix, AZ-based PRECISE METAL PRODUCTS (airflow management solutions).

AEROLLOY TECHNOLOGIES

Oct 15, 2026

AEROLLOY TECHNOLOGIES, India secured its second set of orders from Safran for critical titanium castings for LEAPs.

CREST COATING

Oct 16, 2026

CREST COATING, CA earned AS9100D certification for quality, covering application of powder, Teflon, Xylan, Halar, and BCS bakeware coatings.

Air Transport

AVOLON

Oct 10, 2026

AVOLON announced new orders for 250 aircraft: 140 737 MAXs from Boeing and 75 A320neo Family aircraft and 35 A330-900s from Airbus, with options for another 100 Airbus aircraft. It now has firm order commitments for 749 aircraft.

PAKISTAN INTERNATIONAL AIRLINES

Oct 10, 2026

PAKISTAN INTERNATIONAL AIRLINES agreed to wet-lease (ACMI) two 787-9s from Norse Atlantic for UK services.

AVILEASE

Oct 10, 2026

AVILEASE purchased an A350-900 (516; leased to FINNAIR) from JP Lease Products & Services Co. and JLPS Ireland.

AVOLON

Oct 10, 2026

AVOLON completed 151 aircraft transactions (28 deliveries) in 3Q26 vs 40 (8) in 3Q25, ending quarter with 89% of its committed fleet placed for the next 24 months. It now has owned/managed/committed fleet of 1,342 aircraft vs 1,159.

CPAT

Oct 10, 2026

CPAT was selected by Ghana's Passion Air to provide Dash 8 aircraft systems training, plus General Subjects training library and CPaT Invent.

DELTA AIR LINES

Oct 10, 2026

DELTA AIR LINES had $756m net income in 3Q26 (vs $1.42b in 3Q25) on 21% higher revenues/flat capacity; it ended quarter with $6.9b in liquidity. It expects y-o-y revenue growth of 20% in 4Q26 with a 7-9% operating margin.

AIR ASTANA

Oct 10, 2026

AIR ASTANA plans October 23 to begin weekly Almaty-/Astana-Salalah, Oman (A320).

EMIRATES

Oct 10, 2026

EMIRATES plans November 1 to begin using A350-900 on Dubai-Orlando.

KALITTA AIR

Oct 12, 2026

KALITTA AIR is being rumored as previously undisclosed customer for eight A350Fs ordered in August 2026.

SKYUP EUROPE

Oct 12, 2026

SKYUP EUROPE, Malta leased ex-China Southern 737-800 (41250) from Aircastle.

JOY AIRLINE

Oct 12, 2026

JOY AIRLINE, Argentina took delivery of ex-Endeavor Air CRJ200LR (7837) on lease from Alberta Aviation Canada.

AJET

Oct 12, 2026

AJET leased ex-Go First A320neo (7330) with GTFs from SMBC Aviation Capital.

AZORRA

Oct 12, 2026

AZORRA says it completed 56 aircraft/engine transactions (25 leases/six purchases/10 sales/15 deliveries) in 3Q26 vs 75 (23 leases/35 purchases/two sales/15 deliveries) in 3Q25. It ended quarter with owned/managed/committed fleet of 230 aircraft, 91 engines and 10 airframes vs 142 aircraft, 49 engines and 103 committed aviation assets a year ago.

HEATHROW

Oct 12, 2026

HEATHROW handled 7.2m pax in September, down 2.3% vs Sep 2025.

CALC

Oct 13, 2026

CALC completed 51 aircraft transactions in 3Q26 vs 29 in 3Q25; it has owned/managed/committed fleet of 298 aircraft.

FINNAIR

Oct 13, 2026

FINNAIR slightly raised its guidance for its full-year 2026 revenue and comparable operating result. It now estimates now estimates €175m-€220m profit on €3.5b-€3.6b revenues vs previous estimate of €120m-€190m on €3.4b-€3.5b.

LUFTHANSA SYSTEMS

Oct 13, 2026

LUFTHANSA SYSTEMS was selected by Kenya Airways to provide Lido Flight 4D flight planning solution for advancing route optimization.

BBAM

Oct 13, 2026

BBAM closed its third flagship aviation fund, Incline Aviation III, with >$1.7b in total capital commitments.

DELTA AIRLINES

Oct 13, 2026

DELTA AIR LINES has delayed start of service to Riyadh from October 23 to March 2027, following Houthis attacks on Saudi airports; other airlines have suspended service, including Etihad, Royal Jordanian, Emirates, IndiGo and Qatar.

BREEZE AIRWAYS

Oct 13, 2026

BREEZE AIRWAYS is adding 11 new nonstop routes from Myrtle Beach, SC and says it will lead all carriers serving the airport in both destinations served and seats offered by 2Q27. It currently operates 66 A220-300s.

JAPAN AIRLINES

Oct 15, 2026

JAPAN AIRLINES ordered 16 E190-E2s, and optioned 10, for delivery starting in FY29 to replace E170/E190s for J-AIR.

BRIDGEPOINT, GFH BANK and AIP CAPITAL

Oct 15, 2026

BRIDGEPOINT, GFH BANK and AIP CAPITAL launched $1b engine investment platform (to acquire engines through OEM purchases, SLBs, secondary-market acquisitions and finance leases), initially purchasing 11 LEAP-1Bs from CFMI.

AIR TAHITI

Oct 15, 2026

AIR TAHITI took delivery of ATR 72-600 with ATR HighLine All-Business Class cabin (second airline with configuration).

IATA, AIRBUS and ACCENTURE

Oct 15, 2026

IATA, AIRBUS and ACCENTURE released an SAF Environmental Attribute Certificate (EAc) Market study that estimates corporate purchases could support 1m-1.9m tonnes of SAF by 2030, up from an estimated 323,000 tonnes in 2024.

AIRCASTLE

Oct 15, 2026

AIRCASTLE had $69.3m net profit on $283m revenues in second quarter ended Aug 31 vs $57.2m on $227.5m a year ago; it has $2.8b in liquidity and owns/manages 268 aircraft (259 unencumbered valued at $8.2b) vs 278 (266) a year ago.

WIZZ AIR

Oct 15, 2026

WIZZ AIR leased third new GTF-powered A321neo (13295) from Aviation Capital Group under deal for four.

QATAR AIRWAYS

Oct 15, 2026

QATAR AIRWAYS signed its inaugural JOLCO transaction, covering three 787-9s, with HSBC and JLPS.

AIRBUS

Oct 15, 2026

AIRBUS received design approval from Australia's CASA.

LUFTHANSA GROUP

Oct 15, 2026

LUFTHANSA GROUP was selected by the Govt of Portugal as preferred bidder to acquire 44.9% stake in TAP AIR PORTUGAL for €1.025b; amount could increase to €1.2b for 49.9%, due to 5% of shares initially offered to employees.

BBN AIRLINES INDONESIA

Oct 15, 2026

BBN AIRLINES INDONESIA leased ex-SmartLynx Malta A320-200 (3631) with CFM56s from AviaAM Leasing.

VIRGIN ATLANTIC

Oct 15, 2026

VIRGIN ATLANTIC took delivery of new A330-900 (2138) on lease from AerCap under previously announced SLB deal.

INDIGO

Oct 15, 2026

INDIGO secured US$328m financing commitment from Citi and Credendo covering six A321s and two A320s.

VIETNAM AIRLINES

Oct 16, 2026

VIETNAM AIRLINES plans November 3 to begin four-times-weekly Hanoi-Ahmedabad, India (A321).

BROMMAFLYG

Oct 16, 2026

BROMMAFLYG, Sweden plans March 25 to begin twice-weekly Visby-Malmo (ATR 42-500).

SITA

Oct 16, 2026

SITA agreed to acquire COLLINS AEROSPACE AIRPORT SOLUTIONS (pax/baggage processing systems); deal is expected to close in 1H27.

LUFTHANSA

Oct 16, 2026

LUFTHANSA plans Dec 3 to introduce A350-1000 on Munich-Tokyo Haneda, later adding Singapore and Shanghai.

CVSKY

Oct 16, 2026

CVSKY, Cabo Verde took delivery of first (1829) of two new ATR 72-600s from ATR under lease agreement.

THAI AIRWAYS

Oct 16, 2026

THAI AIRWAYS took delivery of eighth ex-China Southern 787-8 (34928) from Avolon as part of deal for 10.

FTL AIRLINES

Oct 16, 2026

FTL AIRLINES, France is expected to lease ex-Geodis A330-300P2F (713) with Trent 700s from JPLS.

FEDEX

Oct 16, 2026

FEDEX took delivery of first Empire Aerospace-converted ATR 72-600 LCD Freighter (1239) from ACIA Aero Leasing.

AIR CANADA

Oct 16, 2026

AIR CANADA plans in September 2027 to begin seasonal Montreal-Seville, Spain (A321XLR).

KOREAN AIR

Oct 16, 2026

KOREAN AIR posted KW929.7b net profit for 3Q26 (vs KW91.9b in 3Q25) on 26% higher revenues.

FLIGHTSAFETY INTERNATIONAL

Oct 16, 2026

FLIGHTSAFETY INTERNATIONAL has Azul order for an E190-E2 Level D full flight simulator for delivery in 2H27 for its its training center in Campinas.

Business Aviation

FLYUSA

Oct 12, 2026

FLYUSA opened 50,000 sq ft hangar at Tampa International, able to accommodate combination of approximately 20 light, midsize, and heavy jets; facility also includes a specialized tail door designed for aircraft up to the size of a BBJ737.

ECLIPSE AEROSPACE

Oct 12, 2026

ECLIPSE AEROSPACE, NM agreed acquire RESURGENT AVIATION SOLUTIONS (RAS), IL (aftermarket parts/repairs for fleet of about 260 Eclipse VLJs); RAS had announced in May 2026 plan to liquidate all assets and cease operations.

AV8

Oct 13, 2026

AV8, TX has 5-year Wheels Up contract to provide Phenom 300 landing gear overhaul/exchanges.

GOG

Oct 13, 2026

GOGO has prepaid order for 40 Gogo Galileo HDX systems from Duncan Aviation for retrofit installations.

AVIATION WEEK

Oct 13, 2026

AVIATION WEEK reports OEMs delivered 318 new business jets/turboprops in 3Q26 vs 301 a year ago.

GARMIN

Oct 13, 2026

GARMIN delivered its 1,000th G1000 integrated flight deck retrofit for King Air aircraft; milestone G1000 NXi installation, along with Autothrottle, was completed by STEVENS AEROSPACE & DEFENSE on a US Army C-12 Huron.

AVCON INDUSTRIES

Oct 15, 2026

AVCON INDUSTRIES has FAA STC to install Honeywell Aerospace MKV-A EGPWS on Bombardier and Learjet business jets.

C&L AVIATION GROUP

Oct 16, 2026

C&L AVIATION GROUP was selected by ScioTeq as partner to develop FAA STC to install DU-875 NG light display (upgrade from legacy Honeywell DU-870 CRT displays) on Cessna Citation Excel, Encore, Ultra, Bravo and ERJ 135/145.

STA JETS

Oct 16, 2026

STA JETS agreed to acquire Centennial, CO-based INTERNATIONAL JET (private jet operator).

TEXTRON AVIATION

Oct 16, 2026

TEXTRON AVIATION announced FAA certification of Gogo Galileo HDX for Cessna Citation Longitude and Citation Latitude.

BLACKHAWK GROUP

Oct 16, 2026

BLACKHAWK GROUP has FAA STC for its electrically heated anti-ice system for the Piper Meridian and EASA approval for STC pairing the Hartzell 5-blade carbon fiber composite propeller with the XP67A upgrade on King Air 350/360.

MRO

EIRTRADE AVIATION

Oct 10, 2026

EIRTRADE AVIATION acquired ex-Turkish Airlines 737-800 (29776) for part out at Knock.

ST ENGINEERING

Oct 10, 2026

ST ENGINEERING opened new 84,000 sq meter Commercial Aerospace airframe MRO facility at Changi Airport, featuring four widebody aircraft bays to add 40% additional capacity to its widebody airframe MRO network in Singapore.

ATLANTIC AVIATION GROUP

Oct 10, 2026

ATLANTIC AVIATION GROUP signed new long-term deal with easyJet for continued A320 Family base maintenance.

COLLINS AEROSPACE

Oct 12, 2026

COLLINS AEROSPACE was selected by VietjetAir to provide FlightSense technical and maintenance solution for 44 GTF-powered A320neo Family aircraft to deliver guaranteed component availability, reduced downtime and cost predictability.

FL TECHNICS ENGINE SERVICES

Oct 12, 2026

FL TECHNICS ENGINE SERVICES was selected by Lufthansa Group's Group Engine Management as partner to provide CFM56 repair and maintenance services out of its purpose-built 3,400 sq meter engine shop in Kaunas with eight bays.

ITP AERO MEXICO

Oct 12, 2026

ITP AERO MEXICO was certified by FAA as authorized repair station to test CFM56-5A/7B and LEAP-1A/1B engines at Querétaro.

WERNER AERO

Oct 12, 2026

WERNER AERO acquired ex-Air Burkina E195AR (050) and ex-Azul E195LR (600) for part out in Toulouse/Greenwood, MS.

DELTA TECHOPS

Oct 12, 2026

DELTA TECHOPS announced its commercial MRO team has officially delivered $1b in third-party MRO revenues in 2026.

GE AEROSPACE

Oct 13, 2026

GE AEROSPACE is investing £30m to expand its Prestwick MRO site, including adding new 55,000 sq ft building for 1Q28. Ayrshire Growth Deal is supporting project with £27m and Scottish Enterprise is planning its own £6m investment.

EMBRAER

Oct 13, 2026

EMBRAER was selected by LATAM to provide component support for 24 E195-E2s under its Component Pool Program.

VSE AVIATION IRELAND

Oct 13, 2026

VSE AVIATION IRELAND obtained UK CAA approval for engine repair.

GA TELESIS

Oct 13, 2026

GA TELESIS acquired three A320neos (7141/7249/7472; airframes only) for part out; two more are expected by end '26.

HAECO

Oct 15, 2026

HAECO was extended by Cathay Pacific for 777-300ER landing gear overhaul/exchange out of Xiamen, China.

AIRBUS

Oct 15, 2026

AIRBUS forecasts global commercial aircraft services market will grow 3.8% per year to US$422b ($357b for maintenance; $21b for upgrades/mods; $44b for connectivity/training) by 2045 to support projected fleet of 45,550 aircraft. It anticipates need for 660,000 new pilots, 730,000 new technicians and 1.05m new cabin crew members.

IAI

Oct 15, 2026

IAI is considering developing a 787 freighter conversion program.

AIRBUS

Oct 15, 2026

AIRBUS forecasts demand in Africa for 1,640 new pax aircraft (330 widebodies/1,310 narrowbodies) over the next 20 years to support 4.9% annual traffic growth, increasing fleet from 650 to 1,920 in 2045.

APAS and DAS

Oct 15, 2026

APAS and DAS acquired ex-Qatar Airways A320-200 (5217) for part out.

Defense

MARSHALL AEROSPACE

Oct 12, 2026

MARSHALL AEROSPACE, UK has been acquired by private equity investor AURELIUS to back its next phase of growth and capitalize on emerging opportunities as the defence industry continues to transform.

SAAB

Oct 16, 2026

SAAB has SEK1.3b FMV order to develop a new-generation flight control computer for the Gripen fighter for 2030.

Who'sNews

WHO'SNEWS: HALCYON AVIATION CAPITAL

Oct 10, 2026

Ciara McGrath to Head of Operations of Halcyon Aviation Capital, Dublin.

WHO'S NEWS: EVERCORE

Oct 12, 2026

John Song and Jean Stack were named Senior Managing Directors-Aerospace & Defense Investment Banking Team of Evercore.

WHO'S NEWS: CRESTONE AIR PARTNERS

Oct 12, 2026

David Leonard to Vice President-Head of FP&A of Crestone Air Partners.

WHO'S NEWS: AEGEAN

Oct 12, 2026

Michalis Kouveliotis to Chief Executive Officer of AEGEAN.

WHO'SNEWS: MK AVIATION

Oct 13, 2026

Genadi Стефчев Stoyanov to Vice President of Marketing and Origination of MK Aviation.

WHO'SNEWS: FTAI AVIATION

Oct 13, 2026

Dylan Confrey to Technical Associate | Strategic Capital of FTAI Aviation.

WHO'SNEWS: AVIATION CAPITAL GROUP

Oct 16, 2026

Steven Mackenzie to Vice President-Head of Powerplant of Aviation Capital Group.

WHO'SNEWS: BRISTOW GROUP

Oct 16, 2026

Paul Armstrong to Chief Operating Officer-Government Services of Bristow Group.

WHO'SNEWS: ASCENT AVIATION SERVICES

Oct 16, 2026

Ben Theologou to Director of Flightline/Storage of Ascent Aviation Services.

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