Bankrupt Japan Airlines (JAL) is to maintain its ties with American Airlines and the oneworld alliance, so ending talks with Delta Air Lines and the SkyTeam alliance over a proposed switch. While JAL has yet to give confirmation, the story has been widely reported across local Japanese media.

 Balli Aviation has been fined $2m and forced to pay a $15m settlement for conspiring to illegally export three 747 aircraft from the US to Iran. The

 Bombardier Aerospace delivered 302 aircraft for the fiscal year ending January 31, 47 fewer than the year before.

 Hong Kong Airlines has selected Pratt & Whitney's (P&W) to power the six new A330-200s it has on order with Airbus.

 Shoppers were left startled when a panel from a freighter’s wing flap crashed into a car park in Miami, Florida.

 A man's body was found in the landing gear compartment of a Delta Air Lines 777-200 jetliner at Narita Airport on Sunday (February 7) prompting the belief that he had frozen to death at high altitude.

 A London city lawyer has been jailed for five years for her fraudulent support of the Indonesian carrier, Air Efata.

 JP Morgan downgraded several airline stock yesterday (February 4), including Delta and Continental Airlines.

Honeywell has announced full-year 2009 sales of $30.9bn compared with $36.6bn in 2008.

Wencor Group, a distributor of aftermarket parts and provider of Parts Manufacturer Approval (PMA) parts to the commercial aircraft sector, has been acquired by Odyssey Investment Partners.

South Korea's National Pension Service (NPS) plans to increase its stake in London's Gatwick Airport by 12 per cent at a cost of about £100m.

The Lebanese navy has retrieved the flight data recorder (FDR) of the Ethiopian 737-800 that crashed into the sea near Beirut on January 25. 

Boeing completed taxi tests on the first 747-8F on Saturday (February 6). 

Garuda Indonesia has signed an $11m, 26-month thrust reverser MRO agreement with Aircelle for its A330 fleet at the Singapore air show last week. 

Airbus has selected OnAir as a line fit provider of inflight entertainment and connectivity (IFEC) equipment for the A350 XWB. 

In response to last year’s Colgan Air crash in Buffalo (see Aviation Industry News from February 4, 2010), the FAA is looking at four regulation areas to improve pilot certification standards.

King Aerospace Commercial (KACC), an aircraft services provider headquartered in Addison, Texas, has appointed Gary Hodak director of technical services.  

Steven Udvar-Hazy, CEO of the International Lease Finance Corporation (ILFC), will step down from his position today and be replaced by John Plueger, the company’s president, as acting CEO. 

Gulfstream Aerospace Corporation, a wholly-owned subsidiary of General Dynamics, has named Jeff Hill director of international product support sales.