Boeing to provide Spirit AeroSystems with US$425 million advance payments

Spirit AeroSystems has disclosed an agreement with Boeing, whereby the aerospace giant will furnish advance payments totalling US$425 million, according to REUTERS news agency. This agreement aims to assist Spirit in addressing challenges such as elevated inventory levels and reduced cashflows, following the U.S. aviation regulator’s imposition of a production cap on Boeing’s 737 MAX […]

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RTX reports strong first-quarter sales growth

Financial

RTX has reported first-quarter sales of US$19.3 billion, marking a 12% increase over the previous year. GAAP EPS rose by 32% to US$1.28, which included various adjustments such as acquisition accounting adjustments, tax audit settlements, and gains related to divestiture. Adjusted EPS stood at US$1.34, reflecting a 10% increase compared to the prior year. RTX

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The new five year support contract was signed during MRO Americas in Chicago © Fokker Services Group

HAECO and Fokker Services America ink component service support agreement

MRO & Production

During the MRO Americas event, Fokker Services America (a subsidiary of Fokker Services Group, FSG) and HAECO have signed a component service support agreement for a duration of five years. This agreement positions FSG to deliver exceptional component servicing from its global facilities in LaGrange (U.S.A.) and Schiphol (the Netherlands) to HAECO’s inventory technical management

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Codeshare flights between ANA and Air India to connect Japan and India will begin in May 2024© ANA

ANA and Air India launch codeshare partnership

Airlines & Routes

All Nippon Airways (ANA) and Air India, India’s national flag carrier, have formalised a commercial agreement signalling the commencement of a codeshare partnership facilitating connectivity between Japan and India. Commencing on May 23, this collaboration between the two Star Alliance members will broaden flight choices for travellers, enabling seamless journeys to their desired destinations by

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Airbus appoints Robin Hayes as Chairman and CEO of Airbus Americas

People

Robin Hayes, the former CEO of JetBlue Airways, has been selected to succeed C. Jeffrey Knittel as Chairman and Chief Executive Officer of Airbus Americas, effective June 3, 2024. Hayes, with a wealth of experience in global aerospace leadership, will take the helm after Knittel’s tenure as the region’s top executive since 2018. Hayes brings

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Beechcraft King Air 260 Multi-Engine Training System (METS) T-54A for the U.S. Navy © Textron Aviation

Textron Aviation delivers initial batch of METS Beechcraft King Air 260 aircraft

Military & Defense

Textron Aviation has supplied the first two of potentially 64 Multi-Engine Training System (METS) Beechcraft King Air 260 aircraft contracted by the Naval Air Systems Command (NAVAIR) on January 25, 2023, after a comprehensive competitive process. The Beechcraft King Air, crafted and manufactured by Textron Aviation Inc., a subsidiary of Textron, is the focal point

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Honeywell introduces Forge Performance+ for Aerospace

Information Technology

Honeywell has launched Honeywell Forge Performance+ for Aerospace, a cloud-based platform employing AI and machine learning (ML) to assist commercial aerospace manufacturing and MRO facilities in modernising production and reducing operational costs through digitalisation. This addition to the Honeywell Forge suite further underlines Honeywell’s alignment with the megatrends of advancing automation and the future of

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EFW and MJP will collaborate on Airbus passenger-to-freighter (P2F) conversions ©

EFW and MRO Japan (MJP) partner for Airbus P2F conversions

Aircraft & Engines

Elbe Flugzeugwerke GmbH (EFW), an expert in Airbus passenger-to-freighter (P2F) conversions, and MRO Japan (MJP), a prominent player in Japan’s aerospace maintenance repair and overhaul sector, have announced a memorandum of understanding (MOU) to collaborate on passenger-to-freighter (P2F) conversions. Under the MOU, MJP will serve as a subcontractor for EFW in P2F conversions and offer

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magniX’s electric propulsion units (EPUs) will be utilised to electrify Harbour Air’s fleet

Harbour Air partners with magniX to electrify seaplane fleet

Aircraft & Engines

Harbour Air, North America’s largest seaplane airline, has signed a Letter of Intent (LOI) with magniX to acquire 50 magni650 electric engines. magniX’s electric propulsion units (EPUs) will be utilised to electrify Harbour Air’s fleet, commencing with the De Havilland DHC-2 Beaver in 2026. The magni650s will also be employed for third-party conversions. This agreement

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FAA enforces new safety measures across aviation sector

Other News

The Federal Aviation Administration (FAA) is introducing new regulations mandating charter airlines, commuter airlines, air tour operators, and select aircraft manufacturers to establish a safety management system (SMS) to detect and address safety risks early. SMS offers a structured, repeatable and systematic approach to proactively identify hazards and manage safety risks. By integrating SMS, these

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