January 27, 2021

GE’s turnaround gains traction as quarterly free cash flow surges

Boston-based industrial conglomerate General Electric (GE) has predicted free cash flow of US$2.5 billion to US$4.5 billion this year after generating cash flow of US$4.4 billion in the fourth quarter. These figures indicate that GE’s Chief Executive Larry Culp’s 2018 turnaround plans are gathering steam, having helped drive cash savings and rendering GE’s businesses more […]

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Air Charter Scotland’s Derek Thomson joins The Air Charter Association Board

People

Air Charter Scotland’s Commercial Director and Accountable Manager Derek Thomson has been appointed to the Board of The Air Charter Association (The ACA) supporting newly appointed CEO Glenn Hogben and fellow board directors. Thomson will draw on his 25 years’ experience in aviation to offer support and advice to operators and charter brokers as The

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HondaJet Elite obtains Russian type certification

Aircraft & Engines

The HondaJet Elite has received Russian type certification from the Federal Air Transport Agency (FATA), demonstrating that the aircraft meets the safety standards set by the organization. The first HondaJet with Russian registration began its operation in the region immediately after receiving the certification. As customer demand grows, Honda Aircraft Company is continuing to expand

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Alaska Air Group posts fourth-quarter 2020 net loss of US$316 million

Financial

Alaska Air Group has posted a fourth-quarter 2020 GAAP net loss of US$430 million, compared to net income of US$181 million in 2019. Excluding the impact of payroll support program wage offsets, special items and mark-to-market fuel hedge adjustments, the company reported a fourth-quarter adjusted net loss of US$316 million compared to adjusted net income

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Volare Aviation completes first Hawker Blended Winglet retrofit

MRO & Production

Oxford, U.K.-based Volare Aviation has completed its first installation of the Blended Winglets retrofit on a Hawker 800XPi airplane, and is appointed an authorized installation partner for Hawker 800 series Blended Winglet retrofits in Europe. API’s Performance Enhancing Blended Winglets for the Hawker 800 series airplanes reduce drag by over seven percent at long range

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C&L Aerospace purchases multi-million-dollar ATR inventory

Uncategorized

C&L Aerospace has purchased a multi-million-dollar ATR expendable package. As part of the transaction, C&L has acquired thousands of new, OEM certified “S” part numbers, to be added to its existing ATR inventory. All parts from the program are now stocked in C&L’s U.K., Australian, and Bangor, ME, U.S.A. warehouses. Parts from this purchase will

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Magali Beauregard joins CargoAi as Chief Customer Officer

People

CargoAi has named Magali Beauregard as Chief Customer Officer effective February 1, 2021. The recruitment of the former Head of Commercial Asia Pacific at Lufthansa Cargo and Senior Account Manager at Booking.com is the perfect embodiment of CargoAi’s strategy: combining expertise in air cargo and digital technology to deliver custom-tailored solutions to its users. “To

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Jet Aviation receives IS-BAH Stage II registration for FBO in San Juan

MRO & Production

Jet Aviation has achieved IS-BAH Stage II Registration for its FBO in San Juan, Puerto Rico. The San Juan FBO is a full-service handling operation at one of the most convenient U.S. points of entry for international flights. Jet Aviation acquired full ownership of the FBO at Luis Muñoz Marin International Airport in February 2019.

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