ALASKA AIR GROUP had $132m net loss on $2.2b revenues in 1Q24 vs $142m net loss on $2.2b in 1Q23. It cited $162m negative financial impact from Flight 1282 and subsequent grounding of 737-9 fleet, reducing capacity by 5.5%.
MEYER TOOL is doubling size of its manufacturing facility in Benton, ME to 40,000 sq ft to support Pratt & Whitney programs; products produced on site include large-diameter engine components and airframe actuator housings/shafts.
SMARTLYNX AIRLINES is investing >€6m to upgrade its A320/A321 cabin interiors with new RECARO seats, plus increased frequency in replacing carpeting and seat covers. It is also increasing its cabin maintenance workforce.
ELECTRA.AERO secured $1.9m Small Business Innovation Research (SBIR) contract from US Army to fund powered wind tunnel testing of its hybrid-electric eSTOL aircraft; deal enables Army to explore blown wing aircraft technology.
EMBRAER and AICAT (Austrian Industrial Cooperation & Aviation Technology) signed MOU to explore opportunities such as joint research, technology development and contributions from Austrian ecosystem to Embraer's supply chain.
HAECO extended China Airlines deal to provide inventory technical management services, including component pooling and repair management, for 10 777-300ERs/10 777Fs through 2032, plus landing gear overhaul for the 10 777-300ERs.
