Skyworld Aviation and Peter Greensmith of Papa Golf Aviation have partnered up to arrange the sale of two ATR 72-500 aircraft to Hi Airlines of South Korea. The aircraft were previously in operation with Air Tahiti. Serial number 862 was the first to deliver to Hi Airlines on April 5, 2019, with the second, serial […]
Hi Airlines of South Korea takes delivery of two ATR 72-500s Read More »
The Boeing Company has reported second-quarter revenue of US$15.8 billion, GAAP net loss of (US$2.9) billion, loss per share of (US$5.21) and core loss per share (non-GAAP) of (US$5.82), reflecting the previously announced 737 MAX charge (which reduced revenue by US$5.6 billion and earnings by US$8.74 per share) as well as lower 737 deliveries partially
Boeing reports biggest ever second quarter loss of close to US$3 billion Read More »
Robinson Helicopter Company has expanded its FAA/EASA approved Repair Station by opening a stand-alone 37,000 ft² facility dedicated to repairs and overhauls. Completed in approximately 18 months, the facility was designed to streamline the repair, inspection, and overhaul process. As the size of the Robinson fleet (12,000+) grows, the demand for quick repair of parts
Robinson opens dedicated overhaul/repair facility Read More »
With over 300 of the Boeing 737 MAX jets grounded worldwide, United Technologies has seen an increase in demand for its aircraft maintenance parts and services for airlines’ other aircraft and, as a consequence, has raised its full-year sales and profit forecast. It is one of the first companies to openly signal that it has
United Technologies’ profits exceed expectation through MAX grounding Read More »
Heston MRO, an independent MRO organization in Australasia, has launched Component and Material services. As part of its updated strategy to evolve into a Total Technical Care partner for airlines and leasing companies, Heston MRO established a dedicated Components Unit, backed by first investments in stock and future capabilities. The newly established Components Unit will
Heston MRO launches Component Services Read More »
Lockheed Martin has reported second quarter 2019 net sales of US$14.4 billion, compared to US$13.4 billion in the second quarter of 2018. Net earnings in the second quarter of 2019 were US$1.4 billion, or US$5.00 per share, compared to US$1.2 billion, or US$4.05 per share, after severance charges of US$96 million, in the second quarter
Lockheed Martin reports second quarter 2019 net income of US$1.4 billion Read More »
MTU Maintenance and long-term partner JetBlue Airways have signed an exclusive 13-year contract for the airline’s V2500 pre-select fleet. The contract covers maintenance, repair and overhaul for the engines from 2020 to 2033. This contract takes MTU Maintenance’s total contract wins to US$4.5 billion for the first seven months of 2019. JetBlue Airways, New York’s
MTU Maintenance signs V2500 contract with JetBlue Airways Read More »
CAVU Aerospace has acquired a Boeing 747-400 formerly operated by United Airlines. The aircraft was powered by Pratt & Whitney 4000 engines. Bryan Hancock, CAVU Aerospace Founding Partner, mentioned “the demand for B747 material is not fading and securing this material will further help support our customers around the globe. Furthermore, our CAVUSmartTags™ patented process
CAVU Aerospace acquires ex-united Boeing 747-400 for dismantle Read More »
Astronics Corporation, a provider of advanced technologies for global aerospace, defense, and other mission critical industries, has reported that its wholly owned subsidiary, Astronics Connectivity Systems and Certifications (CSC), has moved its operations to a new office and manufacturing facility in Waukegan, Illinois. The new facility enables the expansion of manufacturing capacity and certification services.
Astronics CSC opens new manufacturing facility in Waukegan, Illinois Read More »
Cathay Pacific Airways (Cathay Pacific), the flag-carrying Hong-Kong based airline, has announced it has completed the purchase of low-cost carrier Hong Kong Express Airways. The deal, when announced back in March this year, was for a purchase price of KK$4.93 billion (US$628 million) in the form of HK$2.25 million in cash and the pledge to
Cathay Pacific completes acquisition of Hong Kong Express Airways Read More »
