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LATEST NEWS
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Wednesday, December 18th, 2019
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BAE Systems Inc, the American arm of the British multinational defense, security and aerospace company BAE Systems plc, has announced that, effective April 1, 2020, the current COO and president, Tom Arseneault, will become company CEO and president.
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The current CEO, Jerry DeMuro will take on a new role as executive vice president of Strategic Initiatives, while continuing to serve on the U.S. company’s Board of Directors. According to BAE Systems, the company continues to provide products and services to defense, national security, and commercial customers, and it has built a record-level order backlog.
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Arseneault is currently president and COO of BAE Systems, Inc., responsible for delivering business and functional performance across the company’s three sectors. This role is the most recent in his 22-year tenure with BAE Systems, having previously held other senior leadership positions at the company, including president of the Electronic Systems sector and executive vice president of BAE Systems’ Product Sectors.
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HEICO Corporation has reported that net income increased 27% to US$85.7 million in the fourth quarter of fiscal 2019, up from US$67.4 million in the fourth quarter of fiscal 2018. In the fiscal year ended October 31, 2019, net income increased 26% to US$327.9 million, up from US$259.2 million in the fiscal year ended October 31, 2018.
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Operating income increased 16% to US$120.6 million in the fourth quarter of fiscal 2019, up from US$103.7 million in the fourth quarter of fiscal 2018. In the fiscal year ended October 31, 2019, operating income increased 21% to US$457.1 million, up from US$376.2 million in the fiscal year ended October 31, 2018.
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The Company's consolidated operating margin improved to 22.3% in the fourth quarter of fiscal 2019, up from 21.7% in the fourth quarter of fiscal 2018. The Company's consolidated operating margin improved to 22.2% in the fiscal year ended October 31, 2019, up from 21.2% in the fiscal year ended October 31, 2018.
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EBITDA increased 15% to US$142.4 million in the fourth quarter of fiscal 2019, up from US$123.3 million in the fourth quarter of fiscal 2018. EBITDA increased 20% to US$543.0 million in the fiscal year ended October 31, 2019, up from US$453.4 million in the fiscal year ended October 31, 2018.
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American Airlines will insource additional component maintenance work in the Brake and Wheel Center (BWC) at its Base Maintenance facility in Tulsa, Oklahoma, beginning January 1, 2020. The work will be transitioning from an outside vendor to Tulsa and will include wheel and brake component maintenance for aircraft, including the Airbus A319, A320, A321, A321neo and A330 fleets, as well as Boeing 757 and 787 fleets.
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The new component work rounds out a year of growth at Tech Ops – Tulsa. Earlier this year, American and the City of Tulsa invested in a new tail slot modification for Hangar 2D at the base maintenance facility to allow space for larger aircraft. The team also began maintenance work on the first scheduled line of Airbus A319 fleet as well as scheduled maintenance on the Boeing 787 fleet. To support the additional work this year, the base also hired more than 500 maintenance positions.
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Delta’s work to create a sustainable future continues with a long-term offtake agreement under which Delta will purchase 10 million gallons per year of advanced renewable biofuels from Gevo. Sustainable aviation fuels provide significant environmental benefits because the lifecycle carbon footprint can be up to 75% less than conventional jet fuel.
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Delta’s agreement with Gevo complements the airline’s recent US$2 million investment in Northwest Advanced Bio-fuels, for the feasibility study of a facility to produce sustainable aviation fuel and other biofuel products in Washington State. The airline’s investment in sustainable fuel is only one example of Delta’s work to positively impact the environment, maintain its commitment to carbon-neutral growth and reduce emissions 50% by 2050.
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Powered by inedible, industrial corn products, or no. 2 corn, Gevo’s patented process separates the sugar from the proteins in the corn product. The sugars are then used to make the jet fuel, while the proteins are fed to livestock. After capturing and converting the livestock manure into biogas digestors that can displace fossil-based natural gas, the solids produced are used as fertilizer for the fields, thereby creating a continuous, renewable manufacturing cycle.
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The sustainable aviation fuel is expected to be produced upon completion of an expansion to Gevo’s existing advanced biofuel production facility in Luverne, Minn. and is expected to be available for use by Delta between 2022-2023.
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Air Canada has released that Rouge Wi-Fi high-speed satellite-based connectivity provided by Gogo, is now available across the entire Air Canada Rouge fleet of 65 aircraft that fly globally and across North America.
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In addition to the full Air Canada Rouge fleet, satellite-based Wi-Fi is already available on all Air Canada Boeing 777s, and most Boeing 787s and Airbus A330s with the remainder to be completed early 2020. Air Canada Wi-Fi connectivity is also available across the carrier's entire mainline narrow body fleet and the Air Canada Express Embraer 175 and Bombardier CRJ-900 fleets. Air Canada's new Airbus A220 fleet which it begins taking delivery of before the end of 2019 will come equipped with satellite based wi-fi.
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Nordic Aviation Capital (NAC) has delivered one new Embraer E195, MSN 19000772, to JSC Belavia-Belarusian Airlines on lease.
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Belavia is the largest air carrier of the Republic of Belarus. It is based at the National Airport in Minsk and carries out regular flights from Minsk to 55 airports in 29 countries in Europe and Asia. Belavia was established on March 5, 1996. Since 1997, it is a full member of the International Air Transport Association (IATA), since 2010 - a member of the Association of European Regional Airlines (ERAA). The airline's fleet consists of 30 aircraft (seven Boeing 737-800, six Boeing 737-500, five Boeing 737-300, four Embraer-175, six Embraer-195, and two CRJ-200 aircraft).
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Juneyao Air revealed its brand new A320neo aircraft during its first flight on December 15. The Shanghai-based carrier chose to equip its full cabin with Recaro seats. The BL3530 SWIFT will be offering passenger comfort in economy class, while the CL4710 seats will do the same in business class.
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Flying with the latter seat model on board, also makes Juneyao Air the first airline to be featuring this seat in the APAC region. Juneyao Air and Recaro have been joining forces before to equip Juneyao’s flagship Boeing 787-9 fleet with Recaro CL3710 economy class seats.
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Alaska Air Group has reported November operational results on a consolidated basis, for its mainline operations operated by subsidiary Alaska Airlines and for its regional flying operated by subsidiary Horizon Air Industries and third-party regional carriers.
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On a combined basis for all operations, Air Group reported a 1.2% decrease in traffic on a 2.3% increase in capacity compared to November 2018. Load factor decreased 2.9 points to 81.2%.
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British Airways has signed a joint business agreement with China Southern Airlines, for travel from January 2, 2020.
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The agreement will benefit customers of both airlines by opening more destinations between the UK and China, with a greater choice of flights and enhanced frequent flyer benefits. It will allow the airlines to cooperate on scheduling and pricing, providing customers with more flexible flight options and an attractive range of fares.
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British Airways customers will be able to travel more easily on a combined route network which will develop over time thanks to both airlines’ move to the new Beijing Daxing International Airport. The joint business will initially see the two airlines code-sharing on all direct flights operated on mainland routes between London and the Chinese cities of Beijing, Shanghai, Guangzhou, Sanya, Wuhan and Zhengzhou. This will expand to both airlines' extensive domestic networks.
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British Airways and China Southern Airlines launched a codeshare agreement across ten routes in 2017. In January 2019, the airlines signed a Memorandum of Understanding to expand the agreement on each other’s networks and implement reciprocal frequent flyer benefits.
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