IBC Advanced Alloys has reported income of US$139,000 in the January-March quarter, reversing a loss posted in the preceding quarter, and as compared to income of US$171,000 in the prior-year period. The Copper Alloys division posted income of US$205,000 in the quarter, a 109% jump over the prior-year period, and the Engineered Materials (EM) division’s income
Astronics Corporation has received the supplemental type certificate (STC) for its latest cabin network platform, branded as “The Edge™”. The Edge offers airlines, IFE suppliers, MRO’s and system integrators an extremely cost-effective platform for full-featured in-flight entertainment (IFE) with reduced time to market. The Edge takes advantage of a distributed network architecture that utilizes Smart
FLY is reporting a net loss of US$3.4 million for the first quarter of 2021. This compares to net income of US$38.1 million for the same period in 2020. During the first quarter of 2021, FLY recognized US$5.9 million of costs associated with the pending transaction with Carlyle Aviation. Adjusted net loss was US$1.4 million
YTO Cargo has selected Pratt & Whitney for support of its new fleet of in-service Boeing 767-300ER powered by PW4000 94-inch engines. A cargo airline headquartered in Hangzhou, China, YTO Cargo will receive a support service package from Pratt & Whitney as part of the agreement for selecting the PW4000. The service package will allow
GA Telesis (GAT) has come to an agreement with Paris-based GMI Aero to become a global distributor for their extensive product line of composite repair tooling, heating, and bonding equipment. This partnership is an essential addition to the growing offerings of GA Telesis’ Tarmac Solutions team to supply airlines and MROs with critical tools to
Farsound has announce a new collaboration with the Global Engine Support division of the HAECO Group, providing consigned kits for on-wing and in-field engine maintenance. HAECO is one of the world’s leading independent aircraft engineering and maintenance groups. It is also one of the largest maintenance, repair, and overhaul (MRO) service providers in terms of
F/LIST GERMANY’s upholstery facility in Erfurt has recently been granted EASA PART-145 approval from the European Aviation Safety Agency (EASA) to act as a repair station. This positions F/LIST GERMANY’s newest branch as a qualified maintenance service for upholstery work on business aircraft. The aftermarket division of business aviation picked up significantly in the pandemic
Canada’s Bombardier, which has recently streamlined its operations to concentrate solely on the production of luxury business jets, has released preliminary results ahead of the official release of the first quarter’s finances on May 6. While, according to IBES data from Refinitiv, analysts had projected first-quarter adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)
Aergo Capital (Aergo) has completed the sale and leaseback of two wide-body aircraft with Singapore Airlines. The transaction includes the sale and leaseback of new technology fuel-efficient aircraft, comprising one Airbus A350-900 aircraft and one Boeing 787-10 aircraft, bearing manufacturers serial numbers 278 and 60282 respectively. Both aircraft are subject to long-term leases with Singapore
National Aviation Services (NAS), the leading airport services provider in the emerging markets has renewed its contract with the Aqaba Development Corporation (ADC) and Aqaba Airports Company (AAC) to operate and manage Aqaba Air Cargo Terminal (AACT) for another 20 years. Aqaba with its strategic location and status as Jordan’s special economic zone is a
