Spirit’s first-quarter 2020 revenue was US$1.1 billion, down 45% from the same period in 2019, primarily due to the 737 MAX production suspension directed by Boeing that began on January 1, 2020. Deliveries decreased to 324 shipsets during the first quarter of 2020 compared to 453 shipsets in the same period of 2019, including Boeing […]
Spirit AeroSystems posts first-quarter net loss of US$167.5 million Read More »
APOC Aviation has brought Jim Nypels into its new Engine Trading division as the organization prepares for a return to increased leasing and trading activity. Nypels has been with APOC since the start of the business in 2015. After a period as Warehouse & Logistics Manager, he moved to project management focusing on airframe teardowns
Jim Nypels joins APOC Aviation’s Engine Trading division Read More »
Virgin Galactic and its wholly owned subsidiary, The Spaceship Company (TSC), have signed a Space Act Agreement with NASA to facilitate the development of high speed technologies. The Space Act Agreement (SAA), is set to enable and foster collaboration between NASA, Virgin Galactic and The Spaceship Company in order to advance the United States’ efforts
Virgin Galactic enters Space Act Agreement with NASA Read More »
Remote learning, phased reopening and other measures designed to deliver the highest-quality training even through a pandemic: that is how Pratt & Whitney Customer Training Centers in China, India and the U.S. meet challenging times. The China Customer Training Center (CCTC) reopened in early April and has since delivered three in-person GTF engine courses to
Pratt & Whitney customer training centers adapt to meet their mission Read More »
Mitsubishi Heavy Industries and Bombardier have agreed that all closing conditions have been met and the transaction pertaining to the acquisition of the Canadair Regional Jet (CRJ) Program will close on June 1, 2020. The Program will be operated under the newly created group entities of MHI RJ Aviation Group (MHIRJ) and will commence upon
GKN Fokker Services and the Royal Netherlands Air Force (RNLAF) have signed an extension of the existing total support contract for delivering standard parts for all of the RNLAF’s aircraft, helicopters and multiple support systems until 2022. The support is provided by GKN Fokker Services’ facility in Hoofddorp, the Netherlands, and can be extended for
GKN Fokker Services and RNLAF extend total support contract for standard parts Read More »
Having been unsuccessful in obtaining a government bailout beyond the standard furlough scheme for its employees, Virgin Atlantic has announced the loss of over 3,150 jobs, which equates to just over 30% of its workforce. The reduction will also mean that the carrier will be closing down all its operations from London Gatwick airport, putting
Virgin Atlantic cuts workforce by over 30% to stave off bankruptcy Read More »
The International Air Transport Association (IATA) supports the wearing of face coverings for passengers and face masks for crew while on board aircraft as a critical part of a layered approach to biosecurity to be implemented temporarily when people return to traveling by air. IATA does not support mandating social distancing measures that would leave
IATA calls for passenger face covering and crew masks Read More »
Lufthansa Technik’s new technical and engineering services for temporary operational changes from passenger to cargo aircraft have met with great interest in the aviation market. So far, the cabin modification experts of the company have received enquiries from more than 40 airlines. More than 15 projects for different aircraft types are already in the implementation
Strong demand for temporary operational changes from passenger to cargo aircraft Read More »
AerCap has reported that net income for the first quarter of 2020 increased by 18% to US$276.8 million, from US$234.2 million for the same period in 2019. Basic lease rents were US$1,030.8 million for the first quarter, compared with US$1,075.3 million for the same period in 2019. Maintenance rents and other receipts were US$134.3 million,
AerCap reports US$276.8 million net income for first-quarter 2020 Read More »
