October 27, 2020

Spirit AeroSystems reduces cash element for Bombardier aerostructures purchase by 45%

Spirit AeroSystems (Spirit), the American parts maker, has revised the deal under which it will purchase the aerostructures unit from Bombardier Inc. The cash component of the deal has been reduced by 45% to US$275 million. While Spirit has confirmed its liabilities remain unchanged, the valuation of the Bombardier enterprise has been reduced from US$1.09 […]

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Cotswold Airport will be permanent home to iconic British Airways 747 aircraft

Aircraft & Engines

Cotswold Airport will be the permanent home to an iconic British Airways 747 aircraft for locals and visitors to enjoy. The Boeing 747, registration G-CIVB, will be permanently retired at Cotswold Airport, near Kemble in Gloucestershire. The aircraft is painted in the unique Negus livery which adorned British Airways planes in the 1970s and 1980s.

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ANA posts net loss of 188.4 billion yen for first half of fiscal year 2020

Financial

ANA Group has reported its financial results for the six months ended September 30, 2020. In the first six months of fiscal year 2020 (April 1, 2020 – September 30, 2020) although the Japanese economy is in a difficult position due to the effects of COVID-19, including a sudden decrease in corporate earnings and a

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First A321P2F by ST Engineering, Airbus and EFW enters service

Aircraft & Engines

ST Engineering, Airbus and Elbe Flugzeugwerke (EFW) achieved a key milestone in their joint A321 passenger-to-freighter (P2F) conversion program in September this year with the re-delivery of the ‘head of version’ to launch customer, Vallair. The A321 converted freighter, operated by Qantas for Australia Post, entered service on October 27, 2020. EFW had received the

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Collins Aerospace inks MRO agreement with GKN Fokker Services

MRO & Production

Collins Aerospace Systems and Fokker Services, a GKN Aerospace company, announced the expansion of an existing ten-year FlightSense On-Site Support agreement for Collins Aerospace’s Integrated Drive Generators (IDGs). The expanded contract will add new IDG part numbers for the Airbus A320neo, while Collins Aerospace will continue to manage Fokker Services’ onsite inventory of IDG components,

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APOC Aviation chooses Egeria as strategic investment partner

Financial

To accelerate its growth strategy and transition the business effectively to meet global expansion targets, entrepreneurial Dutch aviation company APOC has partnered with private equity investor Egeria. APOC will use Egeria’s sizeable investment to supplement its resolute narrow-body airframe, engines and landing gear acquisition policy, spearhead a transformative global footprint, and position its comprehensive inventory

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Airpro and Aviator new handling partners for Finnair at Helsinki Airport

Airports

Finnair has reached an agreement with Airpro and Aviator Finland on ground handling services at Helsinki Airport. In the future, the new partners will operate Finnair’s ramp services such as luggage handling at Helsinki Airport. Finnair’s current partner Swissport Finland has terminated its ground handling contract with Finnair as of March 31, 2021. “The new

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Honeywell releases high-efficiency mode upgrade for 131-9A auxiliary power unit

MRO & Production

Honeywell has released a high-efficiency mode upgrade for its 131-9A auxiliary power unit for single-aisle Airbus aircraft. This high-efficiency mode, which is enabled by a software encryption key, is expected to increase the average time-on-wing by 1,200 flight hours and reduce fuel burn by 2%. An auxiliary power unit (APU) is a critical piece of

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