Spirit AeroSystems Holdings (Spirit) has reported worse-than-expected results for its fourth-quarter 2020 operations, notably a 55% drop in revenue compared to the same quarter in 2019. The drop in revenue is a result of Boeing, one of its largest customers, struggling with the grounding of the 737 MAX and downturn in demand for new aircraft …
Spirit Aero’s Q4 2020 revenue plummets 55% on back of Boeing woes Read More »
Genesis, the Dublin-based aircraft leasing company has formed an alliance with Heston Aviation, to build and launch Heston Airlines. Heston Airlines will be a newly established Lithuanian-headquartered charter and ACMI service provider. Over the past 12 month, Genesis has supported the strategy and development of the airline and has just concluded on delivering the airline’s …
Genesis and Heston Aviation form strategic alliance to create Heston Airlines Read More »
The first U.S. portion of the T-7A Red Hawk advanced trainer has officially entered the Boeing jet’s state-of-the-art production line. The training jet, designated the eT-7A Red Hawk by the U.S. Air Force because of its digital heritage, was fully designed using 3-D model-based definition and data management systems developed at Boeing during the last …
Boeing begins T-7A Red Hawk advanced trainer production Read More »
Software and technology provider Sabre Corporation and India’s largest travel agency, Akbar Travels (Akbar), have signed a new long-term, strategic partnership agreement to further expand Sabre’s footprint in the Indian subcontinent while driving operational efficiencies to increase productivity and profitability for Akbar. Under the extended and expanded agreement, Sabre will continue to be Akbar’s preferred …
Spirit Airlines (Spirit) plans to add Louisville—one of the fastest-growing cities in the country—to its route map with nonstop daily service to four cities. Spirit plans to inaugurate service from the Louisville Muhammad Ali International Airport on Thursday, May 27, with flights to Fort Lauderdale (FLL), Orlando (MCO), Las Vegas (LAS) and SDF’s only nonstop …
KLM Cityhopper, the regional subsidiary of KLM Royal Dutch Airlines, has received its first Embraer E195-E2 in a ceremony at Embraer’s facility in Brazil. This first E2 delivery to KLM, and lessor ICBC Aviation Leasing, brings the total number of Embraer jets in the KLM Cityhopper fleet to 50. The total order for 35 jets, …
General Atomics Aeronautical Systems, (GA-ASI) and GKN Aerospace have signed a contract for GKN Aerospace to manufacture the advanced composite V-tails for GA-ASI’s new MQ-9B SkyGuardian® Remotely Piloted Aircraft System (RPAS) from its Cowes facility in the United Kingdom. SkyGuardian is the baseline system of the U.K. Royal Air Force’s (RAF) Protector RG Mk1 and …
GA-ASI and GKN Aerospace expand strategic partnership Read More »
Astronics Corporation, a supplier of advanced technologies and products to the global aerospace, defense and other mission-critical industries, has reported financial results for the three and twelve months ended December 31, 2020. Astronics has posted fourth-quarter revenues of US$114.8 million, down 42.1% from the comparator period of 2019, but up 7.8% sequentially from the third …
Astronics posts full-year 2020 net loss of US$115.8 million Read More »
