SpeedNews

GARDNER AEROSPACE, Derby secured £45m financing from HSBC UK to refinance debt and bolster working capital.

BOOM received first-of-its-kind Special Flight Authorization (SFA) from FAA to fly the XB-1 beyond Mach 1 during flight testing (in Black Mountain Supersonic Corridor), later in 2024, at Mojave; aircraft has made one sub-supersonic flight.

US DOT says US domestic air fares averaged $385 in 4Q23, up 4.6% vs 3Q23 and down 9.6% from 4Q19.

GLOBAL JET CAPITAL, CT completed its BJETS 2024-1 securitization, raising $575m, its seventh ABS offering.

4THRUST, Poland was certified by EASA to provide A330 maintenance, it first widebody aircraft type.

LUFTHANSA GROUP expects to post €849m loss (EBIT) for 1Q24 vs €273m loss in 1Q23, higher than expected due to various strikes that impacted earnings by €350m. It is now projecting adjusted full-year earnings of €2.2b vs €2.7b in 2023.

LUFTHANSA ALLEGRIS plans May 1 startup (Munich-Vancouver) of long-haul services using A350-900s with special cabin.

ROYAL AIR MAROC leased three A320s from Nouvelair Tunisie (3798), Heston Airlines (4906) and Electra (1862).

GEORGIAN AIRLINES leased ex-Polar Air Cargo 767-300BDSF (27611) from Titan Aircraft Leasing.

AUSTRIAN took delivery of two ex-Bamboo 787-9s (62735/62736) with GEnx-1Bs on lease from CALC (SPNWS; March 29).

iAERO AIRWAYS, FL has filed for liquidation, converting to Chapter 7. It sold package of 28 737s to EASTERN AIRWAYS.

Jochen Baltes to Managing Director of EMP Structured Assets, Munich.

NAV CANADA and CAE teamed to train ATC controllers.

MARABU AIRLINES wet-leased (ACMI) two 737-800s from KlasJet for operation out of Munich through November 2024.

ASCEND AIRWAYS (Avia Solutions Group) received is AOC from UK CAA; it plans to operate two 737s in 2024.

BOEING says it has committed to purchase 9.4m gallons of SAF (produced by Neste and World Energy) to support US commercial operations in 2024.

US-BANGLA AIRLINES wet-leased (ACMI) two 737-800s from SkyUp Airlines for operation out of Dhaka through 1Q25.

LILIUM began production of aviation grade battery packs for the Lilium Jet; first flight is targeted for end of 2024.

ENTROL AMERICA plans in September 2024 to open flight simulator maintenance center in Monterrey, Mexico.

RAMCO SYSTEMS was selected to provide its aviation software suite for Korean Air's Engine Maintenance Center, replacing multiple legacy systems.

AIR CENTER SAN DIEGO acquired FBO assets of SAN DIEGO JET CENTER at Brown Field Municipal Airport. It is now building new facility at airport with 14.400 sq ft FBO terminal and 74,000 sq ft hangar complex for completion in 2H25.