LATAM Cargo to operate additional freighter 

LAN Cargo (LATAM Cargo) will operate an additional aircraft and, as a result, LATAM Cargo and its related carriers will end 2022 with a fleet of 16 767 freighters. “This aircraft will allow us to continue strengthening our value proposition through a broader and deeper network. The B767-300F’s blend of…

ST Engineering selects PowerFleet

ST Engineering has selected PowerFleet industrial telematics solutions for the Maintenance Repair Operations (MRO) at its airframe facility in San Antonio. ST Engineering’s San Antonio facility will utilize PowerFleet’s telematics solutions to improve overall equipment visibility into its aerospace MRO operations, as well as an API tool to integrate data…

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…

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…

Contrail Aviation expands book and leadership team

Contrail Aviation Support, a full-service engine asset management platform and supplier of surplus and aftermarket commercial jet engine components, has announced that over the past 12 months, the company has acquired A318s (CFM56-5B powered), A320s (V2500 powered), 10 CFM56-5B engines and more V2500-A5 spare engines to support the growing USM…

Boeing reports second-quarter results

Boeing has reported second-quarter revenue of $16.7 billion, GAAP earnings per share of $0.32 and core loss per share (non-GAAP) of ($0.37), driven by lower defense volume and unfavorable performance, partially offset by higher commercial volume. Boeing recorded positive operating cash flow of $0.1 billion. “We made important progress across key programs in the second…

GE Aerospace strong in the second quarter

GE, which has recently split into three independent companies, has reported total revenue of $18.6bn for the second quarter of 2022, driven by a strong performance by GE Aerospace. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, “The GE team delivered a strong second quarter…

Senator International Chile joins LATAM “Let’s Fly Neutral” program

Senator International Chile , an international cargo transport company, signed an alliance with LATAM Cargo, joining the “Let’s Fly Neutral” program promoted by the airline. The program goal is to encourage customers to offset through a collaborative approach; for every ton of CO2 compensated by the customer, the Group will…

Daher selects PT6A-140A to power new Kodiak single-engine turboprop

Pratt & Whitney Canada has announced that Daher Aircraft has selected the PT6A-140A engine to power its new Kodiak utility aircraft – the Kodiak 900. “Daher’s selection of the PT6A-140A engine for its latest Kodiak aircraft further asserts the reliability and versatility of the PT6 turboprop engine family,” said Nicholas…