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

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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Embraer delivers 22 combined commercial and executive jets in first quarter 2021

Aircraft & Engines

Brazil’s Embraer has released that for the first quarter of 2021, it delivered nine commercial jets, and ten light and three large executive jets, a total of 22 planes. Based in São José dos Campos, São Paulo and founded in 1969, Embraer is the world’s third-largest producer of civil aircraft. As of March 31, Embraer’s

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Spirit AeroSystems signs joint venture agreement with Evergreen Aviation Technology Corporation

MRO & Production, Top Stories

Spirit AeroSystems has announced a planned expansion of its aftermarket presence in the Asia-Pacific region by signing a joint venture agreement with Evergreen Aviation Technologies Corporation (EGAT). The new agreement is expected to complement Spirit’s recent acquisition of Applied Aerodynamics and last year’s acquisition of select Bombardier assets, and further strengthen its global maintenance, repair,

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Honeywell and GKN Aerospace sign license and parts supply agreement for F-35 wheels and brakes

Military & Defense

Honeywell and GKN Aerospace’s Fokker Landing Gear business in the Netherlands have signed a license and parts supply agreement for an authorized service center for Honeywell’s wheels and brakes on the F-35 military fighter jet. In 2016, GKN Aerospace’s Fokker Landing Gear was chosen by the F-35 Joint Program Office (JPO) to maintain and service

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Panasonic Avionics names Andrew Masson Vice President of Product & Portfolio Management

People

Panasonic Avionics has announced the appointment of Andrew Masson as Vice President of Product & Portfolio Management. Masson joins Panasonic from Adient Aerospace, Boeing’s aircraft seat joint venture with Adient, where he served as CEO. At Panasonic, he will lead its global Product & Portfolio Management team and guide the company’s product and services strategy

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AFI KLM E&M unveils MRO services for A220

MRO & Production

AFI KLM E&M has developed and launched new A220 maintenance solutions created for operators of the Airbus A220 aircraft. With the first Air France A220 due to fly at the end of 2021, AFI KLM E&M has finalized its supply-chain and industrial development program, positioning itself as a major player in the maintenance of this new aircraft,

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Werner Aero Services acquires two Embraer E-190 aircraft for teardown

Uncategorized

Werner Aero Services, a leader in the aviation industry providing asset management and logistical solutions to airlines worldwide, has acquired two Embraer E-190 aircraft, MSN 118 and MSN 149 , last operated by Air Canada. The aircraft will be torn down immediately to support the demand from regional operators as they see their business picking

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Finnair increases savings target to €170 million of permanent cost base reductions by 2022 onwards

Financial

On May 20, 2020, Finnair announced that it was targeting nearly €80 million in permanent cost base reductions by 2022, compared to 2019 levels. The company updated the same target in its announcement on August 25, 2020 by increasing it to €100 million and updated it again on October 28, 2020 to €140 million. Finnair

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Aergo Capital announces successful delivery of one ATR72-500F aircraft

Uncategorized

Aergo Capital (Aergo) has successfully delivered one 2007 Vintage ATR72-500F aircraft to the Democratic Republic of Congo (DRC)-based cargo operator, CAA Congo. The aircraft, bearing manufacturer’s serial number 775, was placed on a long-term operating lease with the airline having recently completed a conversion to freighter. Fred Browne, Chief Executive Officer of Aergo, commented: “We are

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Heike Tamm