HAECO ITM signs a long-term contract with Silk Way West Airlines

HAECO ITM has signed an exclusive contract with Silk Way West Airlines to provide inventory technical management support to the airline’s Boeing 747-8F fleet. The new agreement will run until 2029. Under the new agreement, Silk Way West Airlines will benefit from gaining access to HAECO ITM’s pool of components…

Willis Lease reports second quarter pre-tax income of $11.0 million

Willis Lease Finance Corporation has reported second quarter total revenues of $78.1 million. For the three months ended June 30, 2022, aggregate lease rent and maintenance reserve revenues were $60.9 million and spare parts and equipment sales were $6.8 million. Willis Lease reported increased total revenues in the second quarter…

Spirit AeroSystems reports second quarter 2022 results

Spirit AeroSystems reported revenue of $1.3bn for the second quarter of 2022 – up 26% on last year’s result. The company posted an operating loss of $105 million and a net loss of $122 million. “Like many other companies, this past quarter we experienced challenges with supply chain, staffing and…

Embraer reports second quarter 2022 results

Embraer has reported consolidated revenues of US$1,018.9 million at the end of the second quarter of 2022 (2Q22) representing a decrease of 9.9% over the year mostly driven by lower deliveries in Commercial and Defense & Security and partially offset by higher revenues in Services & Support. Net profit attributable…

Agility completes £763 million acquisition of Menzies Aviation

Agility, a supply chain services, infrastructure and innovation company, has finalized its acquisition of UK-based John Menzies and will combine the business with its National Aviation Services (NAS) business to create a new aviation services provider in 58 countries. Once integrated, the combined company will operate as Menzies Aviation and…

London City passenger numbers increase

London City served 640,000 passengers across June and July and remains on course to reach the 3 million mark by the end of the year. August is also set to be busy, with over 300,000 passengers expected to travel as the airport closes in on one million passengers for the…

Flybe announces partnership with TrustFlight

Flybe has announced a partnership with TrustFlight and its suite of digital tools, including Tech Log, AMOS and Centrik, designed to enhance the airline’s safety, regulatory compliance, and continuing airworthiness. The combination of TrustFlight’s industry expertise and cutting-edge digital technology will help Flybe to deliver an efficient, cost-effective, competitive service…

Rolls-Royce reports half year results

Rolls-Royce has reported underlying revenues up 4% to £5.31bn, which were boosted by a market recovery in its power systems business and an improvement in civil aerospace. The company said that it had cut its cash burn by £1.1bn to £68mn compared to the prior-year period but despite this, the…

Indian airlines must improve engineering

India’s Directorate General of Civil Aviation (DGCA) has called on airlines to increase their engineering-related capabilities at all base and transit stations. The move comes after a series of safety-related incidents. Airlines have also been asked to take “appropriate mitigation action and greater internal surveillance to ensure safety of air…

Global X agrees to convert an A321 to A321 P2F with Icelease

Global Crossing Airlines Group (GlobalX) signs a definitive agreement with Icelease to convert an Airbus A321 aircraft (MSN 2840) and lease to GlobalX for a period of eight years. The aircraft is currently flown by GlobalX in passenger configuration and will be converted at a Precision Aircraft Solutions facility starting…