Mango will finally be sold to bidders identified back in August 2022, following a legal battle between Mango’s administrators and the South African government.
SKYWEST acquired 25% stake in CONTOUR AIRLINES, TN (nine CRJs/23 ERJs) in deal that also includes an asset provisioning agreement under which SkyWest will provide CRJ airframes, engines and rotable parts to Contour.
SKYWEST had $34.3m net income on $2.9b revenues in 2023 vs $73m on $3b in 2022. It ended year with 237 E175s (and 248 CRJs) and plans to take delivery of five in 2024 and eight each in 2025 and 2026, ending '26 with 258 E175s.
GLOBAL AIRLINES, UK completed acquisition of ex-China Southern A380 (120) from Jet Midwest; aircraft is currently at Mojave, where BUSINESS CLASS AVIATION (BCA), with support from HIFLY, have completed return to service work.
Honeywell plans to expand its Olathe, Kansas, facility under an $84 million project for the production of avionics and printed circuit-board assemblies.
Large backlogs, a robust air travel market, and recent supply chain disruptions boosting demand for servicing of legacy aircraft bode well for the aftermarket.
An event-saturated January followed a year not short on its own challenges, and during recent earnings calls airlines projected which issues might spill over.
Russia’s federal air transport agency Rosaviatsia has told S7 Airlines to change its de-icing procedures after its Boeing 737-800s suffered engine stalls.
Icelandair returned to profitability in 2023, increased flight schedules for the summer 2024 season by 11% and plans to invest in slots at major airports.
