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Boeing Settles with Family of Ethiopian Airlines Crash Victim, Avoiding Federal Trial

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Boeing has reached a last-minute settlement with the family of a woman who was tragically killed in the 2019 Ethiopian Airlines B737 MAX crash. This agreement allows Boeing to avoid a federal civil trial that was scheduled to proceed, offering closure to one of the many families affected by the disaster. The Ethiopian Airlines crash, involving a Boeing 737 MAX aircraft, was…

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easyJet Extends Maintenance Contract with Lufthansa Technik Milan for A320 Fleet

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easyJet, a leading UK-based low-cost airline, has recently signed a three-year extension to its existing maintenance contract with Lufthansa Technik Milan. This renewed agreement covers recurring light base maintenance checks for easyJet’s A320 family fleet. The collaboration ensures that easyJet’s fleet receives regular, high-quality maintenance services, supporting its operational reliability and safety across European routes.

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AAR Signs Multi-Year Agreement to Supply Chromalloy PMA Parts for CF6-80C2 Engine

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AAR, a US-based aviation services provider, has signed a multi-year agreement with Chromalloy to distribute Parts Manufacturer Approval (PMA) parts for the CF6-80C2 engine. This partnership covers the high pressure turbine Stage 1 and Stage 2 turbine blades, components critical to engine efficiency and durability. The agreement aligns with AAR’s strategy to expand its parts distribution network, providing airlines and maintenance providers with…

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Setna iO Acquires Five A319 Airframes for Disassembly

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Setna iO, a US-based aviation services company, has announced the acquisition of five Airbus A319 airframes for disassembly. This purchase allows Setna iO to expand its parts distribution network by providing high-quality, certified components sourced from these A319 aircraft. The disassembly process also supports sustainable practices in the aviation industry, as it enables the recycling and repurposing of…

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EFW Completes 100th Freighter Conversion with A330P2F Redelivery

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EFW (Elbe Flugzeugwerke), a leading aircraft conversion company from Germany, has achieved a significant milestone by completing its 100th freighter conversion. The aircraft, an A330P2F (passenger-to-freighter), was redelivered from EFW’s facility in China, underscoring the company’s growing global reach and expertise in the P2F sector. This achievement highlights EFW’s capacity to meet the increasing demand for converted freighters, driven…

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EFW and HNA Sign MOU for Strategic A330P2F Conversion Partnership

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EFW (Elbe Flugzeugwerke), a German aerospace company specializing in aircraft conversions, and HNA Aviation Group from China have signed a Memorandum of Understanding (MOU) outlining a strategic partnership for A330P2F (passenger-to-freighter) conversions. Under this agreement, EFW will provide support for Grand China Aircraft Maintenance Services, an HNA subsidiary, operating out of Haikou. This collaboration positions both companies to capitalize on the rising demand for…

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Triumph Group Posts 1% Sales Increase, $11.9M Net Income for 2Q Fiscal 2025

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Triumph Group, a US-based aerospace systems and components provider, has reported its financial results for the second quarter of fiscal 2025, which ended September 30, 2024. The company achieved a 1% increase in net sales, totaling $287.5 million, and posted net income from continuing operations of $11.9 million. These results reflect Triumph Group’s steady progress in its fiscal strategy, focusing on enhancing…

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IAG’s Valuation “Unreflective” of Strong Returns, Says Panmure Liberum

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IAG (International Airlines Group), the UK-based parent company of British Airways and Iberia, is considered significantly undervalued by financial firm Panmure Liberum. According to Panmure Liberum, IAG’s share price should be trading at more than double its current value due to the company’s high return on capital and profit margins that outperform its industry peers. This assessment suggests that…

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Asia Aviation’s 3Q 2024 Profit Reaches $100.1 Million with 55% Revenue Growth

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Asia Aviation, the Thai parent company of Thai AirAsia, recorded a strong financial performance in the third quarter of 2024 with a net profit of $100.1 million. This impressive result was fueled by a 55% increase in revenue, reaching $445.3 million. The significant revenue growth reflects Asia Aviation’s successful recovery in the post-pandemic travel environment and the rising demand for air travel…

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Falko Acquires Two E170 Aircraft on Lease to American Airlines

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Falko Regional Aircraft Limited, a UK-based aircraft asset management company, has announced the acquisition of two Embraer E170 aircraft from Azorra Aviation. These aircraft are currently leased to American Airlines and are subleased to its regional subsidiary, Envoy Air. This acquisition highlights Falko’s continued expansion in the regional jet market, reinforcing its commitment to maintaining a diverse portfolio of assets serving…