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DAILY AVIATION NEWS ALERT
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This edition is supported by:
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Robinson Helicopter Company acquires Ascent AeroSystems
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Robinson Helicopter Company (RHC) has completed the acquisition of Ascent AeroSystems, which now operates as a wholly owned subsidiary of Robinson Helicopter Company. This strategic move underscores Robinson's commitment to advancing innovation, expediting new rotorcraft developments, and supporting diverse missions globally. By harnessing the expertise and resources of both entities, Robinson reinforces its position at the forefront of vertical flight …
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RTX reports strong first quarter sales growth
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RTX has reported first quarter sales of US$19.3 billion, marking a 12% increase over the previous year. GAAP EPS rose by 32% to US$1.28, which included various adjustments such as acquisition accounting adjustments, tax audit settlements, and gains related to divestiture. Adjusted EPS stood at US$1.34, reflecting a 10% increase compared to the prior year. RTX reported a net income …
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JetBlue reveals US$716 million first-quarter loss amid revenue dip
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JetBlue, ‘New York’s Hometown Airline®’, has unveiled its financial performance for the first quarter ending March 31, 2024. The airline disclosed a net loss of US$716 million, representing a year-on-year revenue decline of 5.1% to US$2.2 billion. As of the end of the first quarter, JetBlue held US$1.7 billion in unrestricted cash, cash equivalents, short-term investments and long-term marketable securities. …
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Boeing to provide Spirit AeroSystems with US$425 million advance payments
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Spirit AeroSystems has disclosed an agreement with Boeing, whereby the aerospace giant will furnish advance payments totalling US$425 million, according to REUTERS news agency. This agreement aims to assist Spirit in addressing challenges such as elevated inventory levels and reduced cashflows, following the U.S. aviation regulator's imposition of a production cap on Boeing's 737 MAX aircraft. Under the terms of …
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HAECO and Fokker Services America ink component service support agreement
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During the MRO Americas event, Fokker Services America (a subsidiary of Fokker Services Group, FSG) and HAECO have signed a component service support agreement for a duration of five years. This agreement positions FSG to deliver exceptional component servicing from its global facilities in LaGrange (U.S.A.) and Schiphol (the Netherlands) to HAECO’s inventory technical management services, utilising its unmatched capabilities …
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ANA and Air India launch codeshare partnership
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All Nippon Airways (ANA) and Air India, India's national flag carrier, have formalised a commercial agreement signalling the commencement of a codeshare partnership facilitating connectivity between Japan and India. Commencing on May 23, this collaboration between the two Star Alliance members will broaden flight choices for travellers, enabling seamless journeys to their desired destinations by amalgamating flights across both airlines …
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Airbus appoints Robin Hayes as Chairman and CEO of Airbus Americas
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EFW and MRO Japan (MJP) partner for Airbus P2F conversions
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Harbour Air partners with magniX to electrify seaplane fleet
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Textron Aviation delivers initial batch of METS Beechcraft King Air 260 aircraft
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Honeywell introduces Forge Performance+ for Aerospace
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FAA enforces new safety measures across aviation sector
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Monthly MRO Magazine
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Our magazine focusing on maintenance, repair overhaul in the aviation industry. Monthly features focusing on key issues in MRO sector, exclusive insight from senior industry executives, regular in-depth company profiles.
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Weekly Aviation Headline News
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The industry leading weekly aviation newsletter. No subscription charges. Distributed in magazine style every Monday via email. AviTrader’s flag ship publication since 2005.
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Interested in promoting your company with AviTrader?
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Vice President Sales & Business Development (Americas)
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Malte Tamm
Vice President Sales & Marketing (International)
Email: [email protected]
Phone: +49 (0)162 8263049
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AviTrader Publications Corp.
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Richmond, British Columbia
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For information, contributions, letters to the editor and queries:
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