GA Telesis signs Boeing 767 teardown consignment agreement with major North American airline

GA Telesis has signed a Boeing 767 teardown consignment agreement with a major North American airline. The contract was completed through a partnership with GA Telesis’ Component Solutions team for the distribution and resale of parts removed from the 767 aircraft. As one of the global leaders in component supply chain solutions and with distribution centers on six continents, GA Telesis is uniquely positioned to provide real-time support solutions to its airline customers worldwide using this highly sought-after inventory. After successfully managing hundreds of consignments over the past 19 years, GA Telesis is proud to assist this customer in marketing Read more

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Airshare orders three super-midsize Challenger 350 aircraft

Airshare has ordered three Bombardier Challenger 350 business jets ©Bombardier

Airshare plans to double its fractional fleet with the addition of Bombardier’s Challenger 350 business jets. The company has ordered three super-midsize Challenger 350 aircraft, with options for 17 more, which will enable the Kansas City-based private aviation company to double the size of its fractional ownership fleet in the near future. Airshare selected the Challenger 350 aircraft as the catalyst for strategically expanding its revolutionary fractional ownership program beyond its core markets in the central United States, with the goal to soon begin serving customers on the East Coast. Airshare’s day-based program appeals both to business travelers seeking to Read more

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IAI reports increase of 23.5% in net income in first-quarter

Israel Aerospace Industries (IAI), Israel’s largest national military and civilian security defense company, has issued its consolidated financial statements for the quarter ended March 31, 2021. The company’s sales in Q1 2021 totaled approx. US$1,015 million compared with approx. US$1,018 million in Q1 2020, a decrease of US$3 million mainly arising from the increase in the sales of Systems Missiles & Space Group and of ELTA Group, offset by the decrease in the sales of Aviation Group and Military Aircraft Group. The sales of the Military Groups in Q1 2021 increased by approx. 12% to US$914 million compared with US$816 Read more

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Air France-KLM Group CFO Frédéric Gagey to retire July 1

Frédéric Gagey

Air France-KLM has released that Group CFO Frédéric Gagey will retire and leave his current position as of July 1, 2021. Steven Zaat, currently serving as CFO of Air France, will succeed Frédéric Gagey as Air France-KLM Group CFO, on July 1, 2021. Gagey and Zaat will work together to conduct a seamless transition of responsibilities. Zaat has over 20 years of experience in the airline industry. He joined KLM in 2000 where he held various finance positions within the Engineering and Maintenance Division and subsequently as VP Finance Alliances and Head of Audit, where he was working closely with Read more

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Incora™ opens new global corporate headquarters in Fort Worth

Incora, a provider of innovative supply chain management solutions, has announced at a ribbon-cutting ceremony the opening of its new global headquarters at 2601 Meacham Boulevard in Fort Worth, Texas. Fort Worth was previously home to two company offices, which have consolidated into the new, expanded location. Incora’s largest warehouse, by volume, is in the Dallas-Fort Worth area, and some of the company’s largest customers and suppliers are nearby. In addition to these resources and assets, the central U.S. location makes the city of Fort Worth ideal for the new headquarters, offering more product and service availability to global customers, suppliers, Read more

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ST Engineering and Temasek to establish freighter aircraft leasing JV to meet growing demand

The wholly owned aviation asset management unit of Singapore Technologies Engineering (ST Engineering) and the Singapore-headquartered investment company Temasek have announced the intention to create a 50-50 joint venture for freighter aircraft leasing to meet the expanding demand for freighter aircraft as e-commerce and air cargo volumes expand globally. The JV has set a five-year target of establishing a US$600 million portfolio of passenger aircraft for conversion to highly efficient freighters. Additionally, ST Engineering will provide the associated maintenance, repair and overhaul services to these aircraft and will be the asset and lease manager to the JV. The portfolio will Read more

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Delta Air Lines and LATAM receive approval of joint venture from Colombia

Delta Air Lines ©AirTeamImages

Delta Air Lines, LATAM Airlines Group S.A. and its subsidiary LATAM Airlines Colombia S.A. have received approval of their joint venture without conditions by the Civil Aviation Authority of Colombia (Aeronáutica Civil de Colombia). The Joint venture will improve air connectivity and provide passengers and cargo customers with a seamless travel experience between North and South America once regulatory approvals have been obtained. As of Tuesday, May 11, the agreement has also been granted the authorization of regulatory entities in Brazil and Uruguay, while the review process continues in other countries, including Chile.

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ATR to optimize Asia Pacific repairs with Skyways Technics

ATR is strengthening its partnership with Skyways Technics’ Malaysian branch, to further support aftermarket needs in the Asia Pacific region. The synergy will offer support and facilitate the management of sensitive structural component repairs such as leading-edge repairs, flight controls and flaps. David Brigante, SVP Programmes and Customer Support at ATR remarked: “As a manufacturer we are always looking for opportunities to improve our offer to our airlines and customers. This partnership allows us to consolidate and improve our GMA offer. Operators can benefit from the best of both worlds; a specialized repair partner and the manufacturer’s expertise. Skyways Technics’ Read more

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Embraer sells Praetor 600 to Aerodata for flight inspections

An Embraer Praetor 600 aircraft will be converted into a Flight Inspection Aircraft ©Embraer

Embraer has signed a contract with Aerodata AG, from Germany, to sell a Praetor 600 to be converted into a Flight Inspection Aircraft, to fulfill the full range of flight inspection missions. The aircraft is scheduled to be delivered to Aerodata in 2022 when they will begin to install the systems and equipment required to execute the intended missions. The state-of-the-art Praetor 600 aircraft fully complies with the high-level requirements of the end-user and is prepared for the installation of Aerodata’s most modern flight inspection system AeroFIS®. After the modification, the aircraft will be delivered and operated by the Ministry Read more

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YTO Cargo selects Pratt & Whitney for PW4000 engine support

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 for smooth entry into service of the 767-freighter fleet. “This agreement with Pratt & Whitney came after careful considerations in terms of engine experience, reliability and supportability within China,” said Hongxiang Li, President of YTO Cargo Airlines. “The support package will help ensure our operations Read more

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