April 29, 2021

Boeing posts first quarter 2021 revenue of US$15.2 billion

The Boeing Company has reported first-quarter revenue of US$15.2 billion, primarily driven by lower 787 deliveries and commercial services volume, partially offset by higher 737 deliveries and higher KC-46A Tanker revenue. GAAP loss per share of (US$0.92) and core loss per share (non-GAAP) of (US$1.53) reflect year-over-year KC-46A Tanker improvement, higher 737 deliveries, and lower commercial …

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SAS welcomes Anko van der Werff as Group’s new President and CEO

People, Top Stories

Scandinavian Airlines System Aktiebolag (SAS AB) has announced that the Board of Directors has appointed Avianca Holdings’ CEO Anko van der Werff as the new President and CEO of SAS AB. He will take up his new position with the Group on July 15, 2021. Van der Werff has held senior positions in the aviation …

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StandardAero to provide Utair with PW127M overhaul services in support of ATR 72-500 fleet

MRO & Production

Russian airline Utair Aviation JSC (Utair) has selected StandardAero to provide overhaul support for the Pratt & Whitney PW127M engines powering its fleet of ATR 72-500 regional turboprops. StandardAero will support Utair from its OEM-authorized PW100 Designated Overhaul Facilities (DOFs) in Summerside, PE, Canada and Gonesse, France. This new agreement cements the existing relationship between …

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Lufthansa Technik and Airbus to offer reversible Cargo-in-Cabin solution

MRO & Production

Lufthansa Technik and Airbus will team up to offer customers a reversible Cargo-in-Cabin solution to satisfy urgent demand quickly and easily. The solution for the Airbus A330 family comprises the Supplemental Type Certificate (STC) as well as material kits to modify the passenger aircraft for temporary cargo transport. Cargo capacity is thus increased by up …

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Silk Way West Airlines signs orders for five Boeing 777 freighters

Aircraft & Engines

Silk Way West Airlines, a private cargo operator, will expand its international network by signing an order with Boeing for five 777 freighters. The deal marks the first purchase of the long-range, high-capacity twin-engine freighter in the Caspian region and Central Asia. The airplanes will enable the airline to increase its capacity to meet growing …

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Airbus reports consolidated net income of €362 million in first quarter 2021

Financial

Airbus has released that gross commercial aircraft orders totaled 39 (Q1 2020: 356 aircraft) and included 38 single-aisle aircraft in the first quarter of 2021. After cancellations, net commercial aircraft orders were -61 (Q1 2020: 290 aircraft) with the order backlog comprising 6,998 aircraft as at March 31, 2021. Airbus Helicopters booked 40 net orders …

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Aergo Capital acquires 20 DHC-8-Q400 aircraft

Aircraft & Engines

Aergo Capital (Aergo) has completed the acquisition of twenty 2003-11 Vintage DHC-8-Q400 aircraft from a major financial institution. FPG Amentum acted as agent on the deal. The aircraft were acquired naked. In parallel, LOI negotiations for the lease of a number of these aircraft are progressing. Fred Browne, Chief Executive Officer of Aergo, commented: “In the …

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