Air Transport

Nigerian airline Air Peace is gearing up for the next stage of its fleet modernization plan, with the introduction of Embraer 175s.

The PHL services are “secure to secure,” meaning passengers go through TSA checkpoints at the smaller airports and buses arrive at American’s PHL airside gates.

Angus Batey, Show News writer for Aviation Week Network, had a conversation with Wieland Timm from Lufthansa Technik, about the Celestial Star 777 design.

The FAA Reauthorization Act includes approval for five new daily roundtrips from Ronald Reagan Washington National Airport beyond the 1,250-mi. perimeter.

The global average jet fuel price fell 0.7% last week to $99.85/bbl, compared to $100.57/bbl the week prior.

The airline acknowledged that its distribution strategy had created “difficulties” for agencies and corporate customers.

“Boeing is not the only one that is out there [struggling],” American CEO Robert Isom said during the Bernstein’s 40th Annual Strategic Decisions Conference.

Vasu Raja, EVP and Chief Commercial Officer of American, is leaving airline; Stephen Johnson is assuming position until replacement found.

HOPSCOTCH AIR, NY signed LOI to purchase three eFlyer 4s and one eFlyer 2 trainer from Bye Aerospace for air taxis.

BBN AIRLINES took delivery of ex-Turkish Airlines A321-200 (2916) on lease from Nexus Aviation Ventures (SPNWS; Feb 2).

PORTER AIRLINES agreed to sell four E195-E2s to Elevate Capital Partners for leaseback; first (130) was delivered.

Times are good for HEICO and its Flight Support Group in particular.

DEUCALION purchased 737-8 (44605; leased to TUI Airways) in conjunction with BOT LEASE (BOTL), Japan.

AELF acquired ex-Flair Airlines 737-800 (36548) from Airborne Capital for lease to FLYSAFAIR, South Africa.

AIR NEW ZEALAND established 3-year, NZ$250m unsecured syndicated revolving credit facility for standby liquidity support; new facility replaces previous $400m facility and was arranged by ANZ Bank New Zealand and MUFG Bank.

ABRA GROUP began talks with AZUL to explore opportunities for potential business combination with bankrupt GOL.

AMERICAN AIRLINES lowered its 2Q24 guidance for adjusted operating margin by one percentage point, to between approximately 8.5% to 10.5%, as y-o-y TRASM is expected to be down 5-6% vs down 1-3% as previously forecast.

AEGEAN AIRLINES took delivery of GTF-powered A321neo (11827) on lease from SMBC Aviation Capital.

AIR TRANSAT leased ex-Uzbekistan A330-200 (1045) with Trent 700s from Heston Airlines.

SUNEXPRESS leased ex-Norwegian 737-800 (39006) from FPG Group.

Collins Aerospace is showing a concept demonstrator that it believes solves the issue while not impacting seat numbers.

According to Accenture’s latest Commercial Aerospace Insight Report, there is widespread and growing confidence in the supplier base.

The European Commission has approved up to $1.5 billion in state aid to support development and deployment of a hydrogen value chain for the transport sector.

Quebec-based aerial sightseeing operator Bel-Air Aviation has signed a letter of intent to convert three aircraft to all-electric eBeavers.

CAE and its partners have passed the PDR for their program to electrify the Piper Archer training aircraft and are heading into detail design of the testbed.