Willis Lease Finance Corporation reports third-quarter pre-tax income of US$8.4 million

Willis Lease Finance Corporation has reported third-quarter total revenues of US$76.9 million and pre-tax earnings of US$8.4 million. For the three months ended September 30, 2022, aggregate lease rent and maintenance reserve revenues were US$60.0 million and spare parts and equipment sales were US$7.0 million. The company reported increased total revenues in the third quarter […]

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Rex regional pilots agree on new enterprise agreement

Airlines & Routes

Rex has reported that its regional pilots have endorsed a new industrial agreement with the airline, the third key workforce group to have done so in the last two months. A staggering 86% of the pilots, who operate Rex’s fleet of 61 Saab 340 turboprop aircraft to 58 regional destinations Australia-wide, voted in favour of

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Sabre and THAI Smile implement distribution agreement

Other News

Sabre Corporation has announced the implementation of a distribution deal with THAI Smile, to support the hybrid carrier’s growth strategy. Joining Sabre’s global marketplace will enable THAI Smile to enhance its geographic reach and target new leisure and corporate traveller segments, while providing travel agents with increased options to create optimal experiences for their

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Bombardier reports strong third quarter 2022 results plus US$100 million debt paydown

Financial, Top Stories

Bombardier has announced its financial results for the third quarter of 2022, marked by solid revenues, a significant improvement in adjusted EBITDA, continued positive free cash flow generation and a growing backlog that reflects strong order activity. In summary, the results show solid third quarter revenues of US$1.5 billion include a 20% year-over-year aftermarket increase

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Autonomous Black Hawk® flies logistics and rescue missions without pilots on board

Military & Defense

Sikorsky, a Lockheed Martin company and the Defense Advanced Research Projects Agency (DARPA) have, for the first time, successfully demonstrated to the U.S. Army how an uninhabited Black Hawk helicopter flying autonomously can safely and reliably perform internal and external cargo resupply missions and a rescue operation. Performed on October 12, 14 and 18, as part

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Chapman Freeborn appoints David Tasker as Director – Government & Humanitarian

People

Chapman Freeborn, a global air charter specialist and part of Avia Solutions Group, has appointed David Tasker as Director – Government & Humanitarian. Tasker brings over 30 years of logistics experience to the role, including six years as Vice President Global Defence at DB Schenker and 13 years as Head of DSCOM, where he was

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Spirit AeroSystems reports third-quarter revenue of US$1.3 billion, up 30%

Financial

Spirit AeroSystems’ (Spirit) revenue in the third quarter of 2022 was US$1.3 billion, up 30% from the same period of 2021. This increase was primarily due to higher production deliveries on the Boeing 737 programme as well as increased aftermarket revenue, partially offset by lower production deliveries on the Boeing 747 programme. Overall deliveries increased

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B737 dominating narrow-body P2F market but risk of oversupply, IBA Insights show

Aircraft & Engines

The Boeing 737 family continues to dominate the narrow-body P2F (passenger-to-freighter) conversion market, spearheaded by the B737-800, according to insights revealed by IBA, a leading aviation market intelligence and consultancy company. In the 2022 year to date, there have been 52 B737-800 conversions, with 63 in 2021 as a whole, whereas the total of five

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AAR facilitates donation of aircraft to Rock Valley College Aviation Maintenance Programme

MRO & Production

AAR CORP., a provider of aviation services to commercial and government operators, MROs, and OEMs, celebrated the fruition of collaborative efforts to donate a functional aircraft to Rock Valley College’s Aviation Maintenance Programme on October 18, 2022. AAR partnered with the State of Illinois Department of Commerce and Economic Opportunity to provide funding, SkyWest Airlines

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Atlas Air Worldwide Holdings posts third-quarter results