Tom Gentile succeeds Chairman, CEO and President Nick Stanage, “who worked closely with the board on his desire to retire at the end of the year,” Hexcel says.
AIP CAPITAL formally announced formation of PHOENIX AVIATION CAPITAL as new leasing firm with initial portfolio of new-gen aircraft, including 737 30 MAXs assumed from 777 Partners. Phoenix's owner has also acquired 49% of AIP.
DE HAVILLAND CANADA purchased 19 Dash 8-400s from Ireland's Formidion Aviation and will remarket aircraft (several already committed), which are being inducted into maintenance to be reconfigured and prepared for return to service.
AIR LEASE CORPORATION delivered 14 new aircraft (two A220s/A320neo/six A321neos/A350/four 737-8s) in 1Q24 vs 22 in 1Q23; it sold five aircraft. It ended quarter with owned/managed/committed fleet of 865 aircraft vs 899 a year ago.
Japan has selected research themes for funding support under a program to develop hydrogen-electric propulsion technologies for next-gen commercial aircraft.
CFM's new reverse bleed system (RBS) is designed to prevent a fuel nozzle problem linked to carbon deposits and expects to have retrofits available by mid-year.
The CEOs of Air France-KLM, easyjet, Lufthansa and Ryanair argue that consolidation in Europe is a key ingredient for a globally competitive aviation industry.
