CAE reports first-quarter fiscal 2023 results

CAE has reported revenue of CA$933.3 million for the first quarter of fiscal 2023, compared to CA$752.7 million in the first quarter last year. First-quarter net income attributable to equity holders was CA$1.7 million compared to CA$46.4 million last year. Adjusted net income in the first quarter of fiscal 2023 was CA$17.6 million compared to CA$55.6 million last year. Operating income this quarter was CA$39.4 million (4.2% of revenue), compared to CA$86.2 million (11.5% of revenue) last year. First-quarter adjusted segment operating income was CA$60.9 million (6.5% of revenue) compared to CA$98.4 million (13.1% of revenue) last year. Adjusted segment operating income Read more

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Qantas Freight to increase domestic fleet with six Airbus A321 aircraft

©Qantas

Qantas Freight will increase its domestic fleet with six Airbus A321 aircraft to meet growing e-commerce demand from its customers. Since the onset of COVID-19, the national carrier’s freight division has seen a step change in cargo volumes driven partly by a structural shift to online shopping. The six A321 freighters, which are expected to progressively arrive between early calendar year 2024 and mid-2026, will replace the long-term fleet of five Boeing 737 freighters that are approaching the end of their economic life. Each A321 freighter can carry 23 tonnes of cargo, nine tonnes more than the older 737s, and Read more

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HEICO Corp. acquires leading aircraft antennae company

HEICO Corporation has released that its Electronic Technologies Group has acquired all of the stock of Sensor Systems, Inc. (Sensor) for a combination of cash and approximately 575,000 HEICO Class A Common Shares. Further financial details were not disclosed. HEICO stated that it expects the acquisition to be accretive to its earnings in the year following the acquisition. Chatsworth, CA-based Sensor is one of the world’s leading designers and manufacturers of airborne antennae for commercial and military applications. Recognised as an international standard for many of its antennae, Sensor’s products include, among others, Aircraft Direction Finding (DF), Altimeter, Glideslope, Global Read more

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Delta appoints Alex Antilla as VP Latin America

Alex Antilla

Delta has appointed Alex Antilla as Vice President, Latin America. Based in Santiago, Chile, he will oversee Delta’s business and customer experience strategy throughout Mexico, Central America, South America and the Caribbean, as well as the airline’s partnerships with the LATAM Group and Aeromexico. Antilla has worked with Delta for 16 years in the trans-Pacific, trans-Atlantic and Latin American regions and in this new role he will focus exclusively on Latin America. Before this new position, he served as Managing Director, Latin America Pricing and Revenue Management, leading a team of professionals focused on optimising and maximising revenue and profit Read more

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ORIX Aviation delivers package of 12 B737 MAX 8 aircraft to Sky Leasing

ORIX Aviation has successfully concluded the sale and delivery of a package of twelve B737 MAX 8 (powered by LEAP 1B engines) on behalf of the secured financiers of the aircraft to funds managed by Sky Leasing. Since early 2021 ORIX Aviation has managed all twelve aircraft, overseeing their return from five different locations throughout Europe, ensuring appropriate maintenance and storage while the re-marketing process was carried out. All twelve aircraft were previously operated by Norwegian Air Shuttle.

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Big boost for Archer as United makes US$10 million pre-delivery payment for 100 eVTOL aircraft

Two-seater prototype eVTOL aircraft ©Archer

Archer Aviation (Archer) has announced that further to United Airline’s agreement to buy up to 200 of its electric vertical take-off and landing (eVTOL) aircraft, the airline has made an advance payment of US$10 million (£8.25 million) as a pre-delivery deposit on 100 of the planes. Archer recently completed its production aircraft’s Preliminary Design Review (PDR) and is now progressing on to the next stage of development and commercialisation of the aircraft. The PDR is a meticulous review of the aircraft design which ensures that the programme is on course and the design is sufficiently mature to proceed to the Read more

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Astronics Corporation reports second-quarter 2022 financial results

Astronics Corporation, a leading supplier of advanced technologies and products to the global aerospace, defence and other mission-critical industries, has reported financial results for the three- and six-month periods ended July 2, 2022. Consolidated sales were up US$18.0 million from the second quarter of 2021. Aerospace sales were up US$20.1 million, or 22.5%, while Test System sales decreased US$2.1 million. Consolidated operating loss was US$8.4 million, compared with operating loss of US$5.9 million in the prior-year period. The prior-year-period benefitted by a US$2.2 million non-cash reduction of the fair value of a contingent consideration liability related to the 2019 acquisition Read more

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Jackson Square Aviation delivers Boeing 737 MAX 8 aircraft to WestJet

.WestJet has taken delivery of one Boeing 737 MAX 8 from ©Jackson Square Aviation

Jackson Square Aviation (JSA) has announced a purchase-and-leaseback financing to WestJet of a Boeing 737 MAX 8 aircraft. “We are delighted to welcome WestJet as our newest customer and look forward to building a long-term partnership with the airline,” said Chris Dailey, JSA President and Chief Commercial Officer, adding, “As one of Canada’s most prominent airlines, we are excited to play a part in WestJet’s fleet renewal plans.”

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StandardAero’s Brazil Regional Turbine Center receives Argentina and Chile authorisations to perform OEM-approved aircraft engine maintenance and repairs

StandardAero’s Regional Turbine Center (RTC), located in Belo Horizonte, Brazil, has received new authorisations from both Argentinean and Chilean aviation authorities to perform OEM-approved aircraft engine maintenance, repair and overhaul services for operators of aircraft registered in those two countries. As a result of these new authorisations, Argentinean and Chilean-registered aircraft can now be supported by StandardAero’s Brazil RTC in several different ways.  While operating their aircraft in Brazil, operators can receive services at the Belo Horizonte facility.  In addition, StandardAero’s Brazil Mobile Services Team (MST) can travel to operator locations in Argentina and Chile and perform services for their Read more

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Kira Chong joins AFG as VP Sales in Singapore

Kira Chong

Kira Chong has joint Air Finance Germany (AFG) as VP Sales in Singapore. Chong has more than 20 years of experience in various management and sales and marketing roles in business and commercial aviation. Before joining Aircraft Finance Germany, she worked for The Boeing Company and Bombardier in sales and marketing positions. She was also responsible for the marketing efforts in Asia Pacific for Titan Aviation Leasing, a cargo aircraft lessor. Chong holds degrees in accounting and finance and in business administration. She obtained her master’s degree from Macquarie Graduate School of Management in 2005. She is based in Singapore.

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