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Chorus Aviation has reported net income of CA$21.5 million, a quarter-over-quarter decrease of CA$7.6 million primarily due to the continued impact of COVID–19 on results related to off-lease aircraft, negotiated amendments to certain lease agreements including extensions, the 2021 CPA amendments and lower unrealized foreign exchange gains of CA$10.7 million. The company reported adjusted net

A major international cargo operator has selected Thomas Global’s TFD-7076 LCD displays from the TFD-7000 series to replace the legacy Cathode Ray Tube (CRT) Engine Indicating & Crew Alerting System (EICAS) displays remaining in the operator’s Boeing 767 flight decks, which had previously been retrofitted by Innovative Solutions & Support Inc. (IS&S). The TFD-7000 Series

Magnetic MRO, a Total Technical Care and Asset Management organization, has signed a chemical consignment agreement with Aerospheres U.K., a London-based leader in real-time distribution of chemicals, paints, adhesives, sealants, and composites in support of commercial airline MRO operations worldwide. Aeropsheres U.K. has been a long-term partner of Magnetic MRO, supplying chemicals and adhesives to

Astronics Corporation, a leading supplier of advanced technologies and products to the global aerospace, defense, and other mission-critical industries, has reported financial results for the three- and six-month periods ended July 3, 2021. Consolidated sales were down US$12.5 million from the second quarter of 2020. Aerospace sales were down US$13.4 million, and Test System sales

BOC Aviation has announced the placement of six used Boeing 787-9 Dreamliners with Norwegian carrier Norse Atlantic Airways (Norse). All six aircraft are powered by Rolls-Royce Trent 1000 TEN engines and are scheduled for delivery in the fourth quarter of 2021. “We are pleased to expand our leasing relationships to include a lessor the calibre

IBC Advanced Alloys, a leading beryllium and copper advanced alloys company, has announced new credit facilities of up to US$8,000,000 established pursuant to a credit and security agreement among Iron Horse Credit and certain of the company’s U.S. subsidiaries and an account sale and purchase agreement (ASPA) among Sallyport Commercial Finance and the subsidiaries. The

In the first six months of 2021, MTU Aero Engines AG generated revenue of €2,004 million; in the first half of 2020, revenue was €2,049 million. The operating profitwas €190 million (1-6/2020: €224 million) and the adjusted EBIT margin was 9.5% (1-6/2020: 10.9%). Net income developed in line with operating profit and was €135 million,

VSE Corporation, a leading provider of aftermarket distribution and maintenance, repair, and overhaul (MRO) services for land, sea and air transportation assets for government and commercial markets, has acquired privately held Global Parts Group (Global Parts) in an all-cash transaction valued at approximately US$38 million, subject to customary working capital adjustments. Global Parts is a

Air Lease Corporation has delivered one new Airbus A321neo aircraft on long-term lease to SKY (Chile). This is the first Airbus A321neo to operate in Chile.  “ALC is pleased to deliver this new Airbus A321neo aircraft to SKY and be the first to introduce the aircraft to the airline and country of Chile,” said Matthew Stevens,