23 July 2019

United Technologies’ profits exceed expectation through MAX grounding

With over 300 of the Boeing 737 MAX jets grounded worldwide, United Technologies has seen an increase in demand for its aircraft maintenance parts and services for airlines’ other aircraft and, as a consequence, has raised its full-year sales and profit forecast. It is one of the first companies to openly signal that it has …

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Lockheed Martin reports second quarter 2019 net income of US$1.4 billion

Lockheed Martin has reported second quarter 2019 net sales of US$14.4 billion, compared to US$13.4 billion in the second quarter of 2018. Net earnings in the second quarter of 2019 were US$1.4 billion, or US$5.00 per share, compared to US$1.2 billion, or US$4.05 per share, after severance charges of US$96 million, in the second quarter …

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MTU Maintenance signs V2500 contract with JetBlue Airways

MTU Maintenance and long-term partner JetBlue Airways have signed an exclusive 13-year contract for the airline’s V2500 pre-select fleet. The contract covers maintenance, repair and overhaul for the engines from 2020 to 2033. This contract takes MTU Maintenance’s total contract wins to US$4.5 billion for the first seven months of 2019. JetBlue Airways, New York’s …

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CAVU Aerospace acquires ex-united Boeing 747-400 for dismantle

CAVU Aerospace has acquired a Boeing 747-400 formerly operated by United Airlines.  The aircraft was powered by Pratt & Whitney 4000 engines.  Bryan Hancock, CAVU Aerospace Founding Partner, mentioned “the demand for B747 material is not fading and securing this material will further help support our customers around the globe.  Furthermore, our CAVUSmartTagsâ„¢ patented process …

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Astronics CSC opens new manufacturing facility in Waukegan, Illinois

Astronics Corporation, a provider of advanced technologies for global aerospace, defense, and other mission critical industries, has reported that its wholly owned subsidiary, Astronics Connectivity Systems and Certifications (CSC), has moved its operations to a new office and manufacturing facility in Waukegan, Illinois. The new facility enables the expansion of manufacturing capacity and certification services. …

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Cathay Pacific completes acquisition of Hong Kong Express Airways

Cathay Pacific Airways (Cathay Pacific), the flag-carrying Hong-Kong based airline, has announced it has completed the purchase of low-cost carrier Hong Kong Express Airways. The deal, when announced back in March this year, was for a purchase price of KK$4.93 billion (US$628 million) in the form of HK$2.25 million in cash and the pledge to …

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Dominvs Aviation takes flight

London based aviation services company Dominvs Aviation officially launched on the 1st June, providing business aviation asset management solutions, charter and aircraft trading. The company operates as part of the well-established Dominvs Group, a hotels, real estate and private equity business based in central London. Dominvs Aviation was founded by CEO Chris Mace, previous founder …

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Aero Norway strengthens management team with Klaus-Peter Leinauer

Aero Norway, the independent engine MRO  provider and trusted partner for customers operating CFM56-3, CFM56-5B and 7B engines, has appointed Klaus-Peter Leinauer as a new Director of Sales & Marketing. He will support Aero Norway’s growth strategy and focus on best-in-class service for its expanding global customer base.  Leinauer joins Aero Norway with more than …

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