IATA warns that 1.3 million airline jobs at stake as failures to reduce cash burn bite deeper

©AirTeamImages

The International Air Transport Association has warned that without government intervention and opening up of international borders, over 1.3 million airline jobs are at stake, with a further 3.5 million jobs in the aerospace sector also at risk. Earlier predictions that the signs of recovery would be seen in the fourth quarter of the year have failed to ring true and 2021 predictions have now been altered from a projected 29% drop in revenue to a 46% drop, compared to 2019 figures. For 2020 IATA anticipates full-year traffic will be down 66% compared to 2019. “The fourth quarter of 2020 Read more

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ALC delivers new Airbus A321-200neo LR aircraft to Titan Airways

©Titan Air has taken delivery of first Airbus A321-200neo LR from ALC

Air Lease Corporation (ALC) has delivered one new Airbus A321-200neo LR aircraft on long-term lease to Titan Airways (United Kingdom).  Featuring CFM International LEAP-1A33 engines, this aircraft is the first of two A321-200neo LRs confirmed to deliver to the British carrier from ALC’s order book with Airbus.  The second A321-200neo LR aircraft is scheduled to deliver to Titan Airways in Spring 2021.

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Virgin Galactic hires two new pilots into its Pilot Corps

Virgin Galactic has appointed two new pilots into its Pilot Corps, bringing the total number of pilots to eight. Jameel Janjua and Patrick Moran will be based at Spaceport America, New Mexico, and join the Virgin Galactic team as preparations for commercial service continue. Both will embark on an extensive training program before flying SpaceShipTwo.  In addition to the Spaceship, the pilots will also train to fly the carrier aircraft, VMS Eve.  VMS Eve provides a way for the pilots to fly simulated parts of the SpaceShipTwo flight trajectory, gaining valuable hands-on training.  Other assignments for the pilots will include Read more

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Kalitta Air signs lease agreeement for three 777-300ERSFs with GECAS Cargo

Kalitta Air Boeing 777-300ERSF ©GECAS

GECAS Cargo has signed an agreement with Kalitta Air for three Boeing 777-300ERSF aircraft. With this agreement, Kalitta will be the first operator of the new passenger-to-freighter type, adding to their already sizable all-cargo fleet when these aircraft deliver in 2023. Dubbed “The Big Twin,” the 777-300ERSF will be the largest ever twin-engine freighter. As announced a year ago, the conversion program is jointly funded by GECAS and Israel Aerospace Industries (IAI), with GECAS delivering the prototype aircraft to undergo conversion in June of this year. Setting a new benchmark for cargo operators, The Big Twin will be powered by Read more

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Avolon appoints Paul Geaney Chief Risk Officer

Paul Geaney

Avolon, the international aircraft leasing company, has appointed Paul Geaney as Chief Risk Officer and a member to its Executive Committee. Geaney will assume overall responsibility for the implementation, oversight and continued development of Avolon’s risk management framework and will report to the CEO. A member of Avolon since 2010, he most recently served as Head of the OEM team with responsibility for managing Avolon’s relationships with all airframe and engine manufacturers.

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Bombardier to establish new service center in Melbourne, Australia

©Bombardier will expand its customer support footprint in Asia-Pacific with a new service center in Melbourne, Australia

Bombardier Aviation has announced the development of a new service center at Essendon Fields Airport in Melbourne, Australia, building on its commitment to the Australian market and establishing the next key building block in its growing global customer support network. The new OEM-operated Melbourne Service Center will employ some 50 people, including more than 40 highly skilled technicians and boost Bombardier’s customer service footprint in the Asia-Pacific region by some 50,000 ft². Australia is a key market for Bombardier. With more than half of the 168-aircraft strong Australian business fleet made up of Bombardier aircraft, this new facility will serve Read more

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Ecuadorian Air Force takes delivery of first two H145s

The Ecuadorian Air Force is the first military customer in South America for the H145 helicopter ©Airbus

Airbus Helicopters has delivered two H145s to the Ecuadorian Air Force, the first military customer in South America for this multi-purpose twin-engine helicopter. A total of six H145s will be delivered over the next year. The H145 helicopters, known as “Cobra” in the Ecuadorian Air Force, will be assigned to the 22nd Combat Wing in Guayaquil. The contract includes training for 12 pilots and 15 technicians, as part of an in-country operational training program. The six H145 helicopters will help with missions related to national security, such as border surveillance and the fight against drug trafficking, as well as carrying Read more

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Spirit AeroSystems reduces cash element for Bombardier aerostructures purchase by 45%

Spirit AeroSystems (Spirit), the American parts maker, has revised the deal under which it will purchase the aerostructures unit from Bombardier Inc. The cash component of the deal has been reduced by 45% to US$275 million. While Spirit has confirmed its liabilities remain unchanged, the valuation of the Bombardier enterprise has been reduced from US$1.09 billion to US$865 million. Bombardier is looking to offload various elements of the business to streamline the company solely to a business jet manufacturer and reduce current borrowing levels of US$9.3 billion. This is the second deal that has seen an agreed purchase price reduced Read more

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Cotswold Airport will be permanent home to iconic British Airways 747 aircraft

Iconic British Airways 747 ‘Queen of the skies’ to be preserved at Cotswold Airport ©BA

Cotswold Airport will be the permanent home to an iconic British Airways 747 aircraft for locals and visitors to enjoy. The Boeing 747, registration G-CIVB, will be permanently retired at Cotswold Airport, near Kemble in Gloucestershire. The aircraft is painted in the unique Negus livery which adorned British Airways planes in the 1970s and 1980s. The aircraft was one of four painted in heritage liveries to mark the airline’s centenary last year. It was also one of the final two British Airways 747s to leave Heathrow last month. The airport will maintain the aircraft and plans to convert an area Read more

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ANA posts net loss of 188.4 billion yen for first half of fiscal year 2020

ANA Group has reported its financial results for the six months ended September 30, 2020. In the first six months of fiscal year 2020 (April 1, 2020 – September 30, 2020) although the Japanese economy is in a difficult position due to the effects of COVID-19, including a sudden decrease in corporate earnings and a weakening trend in terms of employment, ANA released that it is now seeing movement toward a recovery. Under the current economic conditions, operating revenues decreased rapidly to 291.8 billion yen due to the severe impact on all segments. ANA Group implemented cost reduction measures of Read more

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