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AAR reports fourth quarter and fiscal 2009 results

AAR reported fiscal year 2009 fourth quarter consolidated sales of $371.7 million and income from continuing operations of $20.5 million. Sales decreased 5% from $391.7 million reported in the fourth quarter of last year, and diluted earnings per share from continuing operations decreased 6%. Fourth quarter results include a $10.1 million impairment charge related to inventory acquired before September 11, 2001 and a $1.4 million loss on the sale of marketable securities. Results for the fourth quarter of fiscal year 2009 also include a $10.0 million gain on the early extinguishment of debt.

EVA Air finalises order for five additional Boeing 787-9 Dreamliners

March 31, 2023

EVA Air and Boeing have finalised an order for five additional 787-9 Dreamliners, a repeat order for Boeing’s super-efficient wide-body jet. EVA Air’s follow-on investment in the 787 will enable the airline to further reduce carbon emissions and sustainably grow its fleet.   “Our 787 fleet has become the foundation of our carbon-neutral growth strategy

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Liebherr and China Airlines sign agreement on A321neo component support

March 31, 2023

Liebherr Aerospace (Liebherr) and China Airlines have entered into a long-term agreement, under which the OEM Liebherr-Aerospace will provide repair support services for a wide range of air conditioning and bleed system components installed on China Airlines’ fleet of 25 Airbus A321neos. All material support and component maintenance services will be provided by Liebherr-Singapore, Liebherr-Aerospace’s

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Epic Flight Academy orders 15 new Cessna Skyhawk 172 aircraft

March 31, 2023

Epic Flight Academy has signed an order for 15 new Cessna Skyhawk 172 aircraft with Textron Aviation. As a Cessna Pilot Centre, Epic Flight Academy has been training pilots since 1999 and thousands of students from over 80 countries have graduated from the flight school. The Cessna Skyhawk is Epic’s exclusive single-engine aircraft, with a total fleet

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Zurich Airport gets approval from KEVU for runway extensions

March 31, 2023

Flughafen Zürich has announced the approval from the Commission for Energy, Transport and Environment (KEVU) to extend two runways at Zurich Airport. KEVU thus follows the Governing Council of Zurich which has already approved the project. The extensions of the runways are an important measure to increase the safety margin at Zurich Airport and to

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Wencor signs multi-year defence partnership with Regal Rexnord Aerospace

March 31, 2023

Regal Rexnord Aerospace has selected Wencor as its exclusive distributor supporting the global military and government aftermarkets for Regal Rexnord’s seal and bearings products. In addition to the agreement, Wencor and Regal Rexnord Aerospace recently announced the extension of their exclusive global agreement, in which, Wencor will continue to distribute Regal Rexnord Aerospace seals and

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Board and Executive leadership changes at Rolls-Royce

March 31, 2023

Rolls-Royce has announced changes to the Board and Executive Team, adding leaders with proven track records of delivering success and a strong commitment to creating a high-performing, competitive, resilient and growing business. This follows the launch of a transformation programme requiring a winning culture and shared determination to deliver sustainable earnings growth and cash generation

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AAR to acquire nine Boeing 757-200 aircraft equipped with 18 RB211 engines

March 31, 2023

AAR Supply Chain, a subsidiary of AAR Corporation, will acquire nine Boeing 757-200 passenger aircraft equipped with 18 Rolls-Royce RB211 engines from American Airlines. The assets have been most recently operated by American Airlines. “The acquisition of these aircraft and engines will enable AAR to continue to support the RB211-powered 757 cargo market,” said Brian

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Macquarie Rotorcraft to acquire 12-helicopter portfolio from Milestone

March 30, 2023

AerCap offshoot Milestone Aviation Group (Milestone) has agreed to sell a 12-helicopter portfolio to Macquarie Rotorcraft. The portfolio will comprise a combination of Sikorsky S-92, Airbus H135, Bell 412 and Leonardo AW109, AW139 and AW189 helicopters which are presently on lease to six customers in nine countries across Europe, the Middle East, Africa and South-East

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ATR outlines growth plan for 2023

March 30, 2023

After three difficult years due to COVID and a complex economic and geopolitical environment, ATR is set for growth in 2023. In the context of industry-wide supply chain issues, ATR delivered 25 new and 11 pre-owned aircraft in 2022. Nonetheless the global ATR in-service fleet is now close to pre-COVID numbers with 1,200 aircraft flying

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Magellan Aviation Group names Anthony Spaulding new CEO and President

March 30, 2023

Magellan Aviation Group has announced that Anthony Spaulding has been named as new CEO and President effective April 1, 2023. Spaulding is replacing Chairman Michimoto Asano, who has been interim CEO and President since January 2022. Asano will now resume his responsibilities as Chairman for Magellan Aviation Group. Spaulding originally joined Magellan Aviation Group in

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HK Express takes delivery of first A321neo aircraft

March 30, 2023

Low-cost carrier HK Express, a member of Cathay Pacific Group based in Hong Kong, has taken delivery of its first Airbus A321neo aircraft. This milestone marks the first of 16 A321neo aircraft for HK Express and features the airline’s latest livery, with vibrant shades of purple and white. In addition, the aircraft’s winglets and empennage

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BAE Systems to define battery system for Heart Aerospace’s ES-30 plane

March 30, 2023

BAE Systems, a leading aerospace and defence company and Heart Aerospace, a Swedish electric airplane maker, have announced a collaboration to define the battery system for Heart’s ES-30 regional electric airplane.   The battery will be the first of its kind to be integrated into an electric conventional take-off and landing (eCTOL) regional aircraft, allowing it

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ORIX Aviation acquires 100% aircraft portfolio from Merx Aviation

March 30, 2023

ORIX Aviation has confirmed the 100% acquisition of an aircraft portfolio, consisting of 14 narrow-body aircraft with ten lessees across multiple continents, from Merx Aviation. The aircraft were previously held in a joint venture between ORIX Aviation and Merx Aviation, which commenced in 2017 with 35 aircraft valued at US$1billion. After trading activity, the portfolio

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