Latest News

SpeedNews has been the source for easy-to-read news and information for executives in the commercial, business, and military aviation industries since 1979. Here you will find the latest industry news along with information on SpeedNews newsletters and aviation industry events.

  • 3/13/2019 - THE ENTIRE GLOBAL FLEET OF 737 MAXs HAS BEEN GROUNDED.
  • 3/12/2019 - EUROPE and UK joined several other nations in ground 737 MAXs from operating in their airspace, pending investigation of Ethiopian accident. BOEING says FAA is not mandating any further action at this time, and based on the information currently available, it does not have any basis to issue new guidance to operators.
  • 3/11/2019 - ETHIOPIAN AIRLINES confirmed fatal crash of 737 MAX 8 (62450) on March 10 after takeoff from Addis Ababa; It has recovered the DFDR and CVR and has grounded its remaining MAX fleet.
  • 3/7/2019 - STS AVIATION GROUP purchased TRIUMPH AVIATION SERVICES-NAAS (line maintenance).
  • 3/6/2019 - SOUTHWEST AIRLINES says schedule interruptions due to unavailable aircraft are costing millions of dollars each week; it is currently in a legal battle with AMFA-mechanics over root of cause.
  • 3/5/2019 - LIBERTY HALL CAPITAL PARTNERS has acquired Pacific Northwest-based ONBOARD SYSTEMS, which produces external cargo handling equipment for civil and military helicopters.
  • 3/4/2019 - THE CARLYLE GROUP agreed to make equity investment in NORDAM to fund its exit from Chapter 11, de-lever the business and fund growth; the Siegfried family will retain 55% ownership in company.
  • 3/1/2019 - UNITED AIRLINES broke ground on 407,408 sq ft Technical Operations Center (TOC) at LAX.
  • 2/28/2019 - ROLLS-ROYCE has withdrawn from competition to supply engine for Boeing’s proposed New Midsize Airplane (NMA) as it says it is unable to commit to the proposed timetable.
  • 2/27/2019 - BOEING announced orders in Vietnam from VIETJET for 100 more 737 MAXs (now 200) and from BAMBOO AIRWAYS for 10 787-9s; both orders were previously listed by OEM as unidentified.
  • 2/26/2019 - AIR VANUATU ordered two A220-100s and two A220-300s.
  • 2/26/2019 - BOEING and EMBRAER received Embraer shareholder approval for their commercial partnership.
  • 2/22/2019 - CONNECT AIRWAYS completed share purchase agreement for FLYBE GROUP.
  • 2/21/2019 - GAMA reports manufacturers delivered 2,443 general aviation aircraft (1,139 pistons/601 turboprops/703 jets) worth $20.6b in 2018 vs 2,324 (1,085/563/676) worth $20.2b in 2017.
  • 2/20/2019 - LUFTHANSA was named by Air Transport World as its 2019 Airline of the Year.
  • 2/19/2019 - REGIONAL ONE (Exchange Income Corp.) reached agreement with SkyWest to purchase multiple CRJ700 airframes and also form joint venture to acquire/lease/sell CF34 engines.
  • 2/14/2019 - EMIRATES ordered 40 A330-900s and 30 A350-900s, but cancelled 39 A380s, leaving 14 on order for delivery in 2019-2020, and as such (AMEDEO is also cancelling its 20 A380s on order), AIRBUS will cease A380 deliveries in 2021, resulting in €463m net negative impact on EBIT for 2018.

    AIRBUS had €3.1b net income on €63.7b revenues in 2018 vs €2.4b on €59b in 2017. Commercial Aircraft earned €4.3b on €48b vs €2.3b on $€43.5b, and plans to deliver 880-890 aircraft in 2019.
  • 2/13/2019 - BOEING delivered 46 aircraft (14 737NGs; 20 MAXs; two 767s; two 777Fs; eight 787s) in January 2019 vs 44 (25 737NGs; six MAXs; 767F; 747F; three 777s; eight 787s) in January 2018.
  • 2/12/2019 - SOUTHERN AIRWAYS has acquired Hawaii-based MOKULELE AIRLINES.
  • 2/11/2019 - EMBRAER delivered 181 aircraft in 2018 vs 210 in 2017, including 90 commercial jets (E170; 67 E175s; 13 E190s; five E195s; four E190-E2s) vs 101 (79 E175s; 12 E190s; 10 E195) a year ago.
  • 2/8/2019 - AIRBUS delivered 39 aircraft (eight A320ceos; 25 A320neos; A330; five A350s) in January vs 27 (15 A320ceos; six A320neos; two A330s; four A350s) in January 2018. It did not record any orders, but removed five A220s from PRIVATAIR and eight A380s from QANTAS from backlog.
  • 2/7/2019 - DELTA AIR LINES launched A220 operations.
  • 2/6/2019 - BOEING agreed to form partnership with Reno-based AERION on the AS2 supersonic business jet and also make significant investment in company; aircraft is slated to make first flight in 2023.

    BOMBARDIER
    launched new 50-seat CRJ550 (based on CRJ700); UNITED was named launch customer for up to 50 and selected GOJET to operate aircraft in 3-class configuration starting 2H19.
  • 2/5/2019 - BOEING agreed to partner with AERION on the AS2 supersonic business jet.
  • 2/5/2019 - Arizona-based AVAIR was acquired via management buyout in partnership with CORRUM CAPITAL; Mike Bianco will lead as CEO with company founder, Robert Ellis, taking advisory role.
  • 2/1/2019 - EMIRATES is in negotiations with Airbus over its A380 contract; it has 53 on order.
  • 1/31/2019 - ATR delivered 76 new aircraft in 2018 vs 78 in 2017, and booked orders for 52 vs 113.
  • 1/30/2019 - BOEING had $10.5b net income on record $101.1b revenues in 2018 vs $8.5b on $94b in 2017. COMMERCIAL AIRPLANES earned $7.9b on $60.7b vs $5.5b on $58b, and announced plan to deliver 895-905 aircraft in 2019, up from 806 in 2018.
  • 1/29/2019 - ANA HOLDINGS announced plan to order 30 737 MAX 8s and 18 more A320neos for FY2021-FY2025 for growth and acquisition of 9.5% of PHILIPPINE AIRLINES from Trustmark Holdings for US$95m.
  • 1/28/2019 - AMERICAN AIRLINES opened $215m, 191,000 sq ft maintenance hangar at Chicago O'Hare to accommodate six narrowbodies or two narrowbodies/two widebodies, including 787, simultaneously.

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