20 Apr 2020

North America Newsletter 20 April

AEI to provide KF Aerospace with 3 B737-400SF conversions Aeronautical Engineers, Inc. (AEI) will provide Canada-based KF Aerospace with three B737-400SF freighter conversions. Timing for the total programme completion is still being finalized, however, one aircraft (MSN 24769) is scheduled to commence modification in May 2020. The modifications are being performed by KF Aerospace’s Kelowna facility, which is an authorized AEI Conversion Center. Boeing to Resume Commercial Airplanes Production in Puget Sound Boeing will resume all Commercial Airplanes production in a phased approach at its Puget Sound-region facilities this week, after suspending operations last month in response to the COVID-19 pandemic. At all of its sites, the company has taken extra precautions and instituted comprehensive procedures to keep people safe and fight the spread of COVID-19. Approximately 27,000 people in the Puget Sound area will return to production of the 747, 767, 777 and 787 programs, supporting critical global transportation infrastructure, cargo services and national defense and security missions. "The health and safety of our employees, their families and communities is our shared priority," said Stan Deal, president and CEO of Boeing Commercial Airplanes and senior executive in the Pacific Northwest. "This phased approach ensures we have a reliable supply base, our personal protective equipment is readily available and we have all of the necessary safety measures in place to resume essential work for our customers." Echo Capital Fund II Acquires Four Boeing 767-300 Echo Aviation Leasing Corporation announced the completion of the purchase, via its wholly-owned affiliate Echo Capital Fund II Inc. (“Fund II”), of a participation in an existing multi-aircraft leasing facility entered into by a leading provider of time sensitive overnight air cargo services. Pursuant to the terms of the transaction, Fund II acquired ownership of four leased Boeing 767-300 cargo aircraft while Echo took over the role of servicing agent of the existing leasing facility on behalf of the other participants. Kellstrom Aerospace Completes Acquisition of A320-214 for Teardown Kellstrom Aerospace has acquired an A320-214 (MSN 2180) with serviceable CFM56-5B4/P engines. The A320 airframe was acquired for disassembly in the U.K Spirit AeroSystems Announces Private Offering of $1.0 Billion of Senior Secured Second Lien Notes Due 2025 Spirit AeroSystems announced it is offering $1.0 billion aggregate principal amount of Senior Secured Second Lien Notes due 2025 in a private offering. Spirit plans to use the net proceeds from the offering for general corporate purposes, including to repay all or a portion of its revolver. Acumen Aviation © 20 April 2020 All Rights Reserved.