Atlas Air Worldwide signs agreement with GE Aviation for GEnx engines

Atlas Air has chosen GEnx engines to power four new Boeing 747-8 Freighters ©AirTeamImages

Atlas Air Worldwide Holdings has signed an agreement with GE Aviation to purchase GEnx-2B engines for its four Boeing 747-8 Freighters along with a 20-year TrueChoice Overhaul agreement, which covers the time and material required to overhaul the GEnx-2B engines. The agreements are valued at more than US$800 million list price over the life of the service agreement. “The 747-8F powered with GEnx engines gives us the best and most versatile widebody freighter in the market,” said John W. Dietrich, Atlas Air Worldwide President and Chief Executive Officer. “Our partnership with GE Aviation supports our longstanding focus on leading edge Read more

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Lufthansa Technik appoints new Corporate Sales management team

Kai-Stefan Roepke, Thomas Boettger, Frank Berweger (from left to right)

Lufthansa Technik has reorganized its global Corporate Sales management team at the beginning of the year. Kai-Stefan Roepke has taken over responsibility for EMEA (Europe, Middle East and Africa) and Thomas Boettger for the Asia Pacific region. Frank Berweger remains Vice President Corporate Sales for the Americas. In December 2020, Roepke started his new job as Vice President Corporate Sales EMEA (Europe, Middle East, Africa). He succeeded Robert Gaag, who retired last year. Roepke began his career at Lufthansa Technik in 1996 and has held several positions within the company since then. In his previous role, he was Vice President Read more

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Delta Air Lines and LATAM receive final approval in Brazil for joint venture agreement

©Delta Air Lines

Delta Air Lines and LATAM have received final approval, without conditions, of their commercial agreement (trans-American Joint Venture Agreement or JVA) by the Brazilian competition authority – the Administrative Council for Economic Defense (CADE) –  after initial approval was granted in September 2020. The JVA seeks to enhance the route networks served by both airlines, delivering a seamless travel experience between North and South America. The Delta-LATAM agreement has also been approved in Uruguay while the application process continues in other countries, including Chile. “This ruling  reinforces the benefits of this type of agreement for travelers and enables us to advance Read more

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Chapman Freeborn appoints North Asia Cargo Director, to support growth strategy and increasing demand

Allen Liu

Chapman Freeborn has appointed Allen Liu as Cargo Director, North Asia. With 15 years’ experience in aviation, Liu begun his career in 2006, gaining industry knowledge at several air cargo businesses before taking on a senior role as Cargo Manager China at Chapman Freeborn in 2013. After five years generating and developing business in the Chinese market for Chapman Freeborn, Liu joined Air Bridge Cargo in 2018. However, the success of his time at Chapman Freeborn pulled him back, and he has now re-joined the company. His role is to develop the North Asian market, working to expand Chapman Freeborn’s Read more

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DHL Express and SmartLynx Malta partner to break new ground in cargo transportation

SmartLynx, DHL green livery ©DHL

Express service provider DHL Express and SmartLynx Malta have signed a new partnership agreement for the introduction of two newly converted Airbus A321-200 freighters joining DHL’s European air fleet. The new technically advanced narrow-body fleet type is adding capacity to meet the increasing demand for express cargo transportation worldwide combined with further improving DHL’s unit CO² emissions by introducing the most fuel efficient narrow-body aircraft in its class. SmartLynx is a family member of Avia Solutions Group, one of the largest aerospace business groups from Central and Eastern Europe, and has extensive experience operating the A321 family of aircraft. This Read more

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IATA new analysis shows airline industry expected to remain cash negative throughout 2021

©IATA’s Director General and CEO Alexandre de Juniac

The International Air Transport Association (IATA) has released new analysis showing that the airline industry is expected to remain cash negative throughout 2021. Previous analysis (November 2020) indicated that airlines would turn cash positive in the fourth quarter of 2021. At the industry level, airlines are now not expected to be cash positive until 2022. Estimates for cash burn in 2021 have ballooned to the US$75 billion to US$95 billion range from a previously anticipated US$48 billion. After a weak start in 2021, it is already clear that the first half of 2021 will be worse than earlier anticipated. This Read more

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Collins Aerospace wins US$34 million contract for USAF F-16, B-2 sustainment

USAF F-16 ©Collins Aerospace

Collins Aerospace, a unit of Raytheon Technologies, has received a ten-year, US$34 million contract from the DLA to provide gearbox repair materiel for the USAF F-16 and B-2 fleets. Under the Supplier Initiated Ordering program, a new Department of Defense practice, the DLA has provided Collins Aerospace access and insight to its materiel demand profile. In turn, the company will use its proprietary demand profiling process, world-class supply chain management and manufacturing resources to drive an optimized materiel support plan. Collins Aerospace aims to maintain a guaranteed level of materiel availability to Hill Air Force Base at all times, rotate Read more

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ACIA Aero Leasing delivers two aircraft to Air Express Algeria

ACIA Aero Leasing (ACIA) has completed the transition of two aircraft to Air Express Algeria. The deliveries include one Beechcraft B1900D (UE-379) and one LET 410 (MSN 3001). The deliveries took place in February 2021. These aircraft are part of a three aircraft transaction with the third aircraft, a further Beechcraft B1900D, scheduled to deliver in March 2021.  This transaction will bring ACIA’s total portfolio of aircraft operating in Algeria to nine. 

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Spirit Aero’s Q4 2020 revenue plummets 55% on back of Boeing woes

Spirit AeroSystems Holdings (Spirit) has reported worse-than-expected results for its fourth-quarter 2020 operations, notably a 55% drop in revenue compared to the same quarter in 2019. The drop in revenue is a result of Boeing, one of its largest customers, struggling with the grounding of the 737 MAX and downturn in demand for new aircraft during the current COVID-19 pandemic. Compared to 153 727 MAX shipsets delivered in 2019, Spirit delivered only 19 in 2020. Having been forced to cut back on production last year, with the 737 MAX now taking to the skies again will hopefully herald a ramp-up Read more

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Genesis and Heston Aviation form strategic alliance to create Heston Airlines

Genesis will deliver one Airbus A320 for newly established airline Heston Airways

Genesis, the Dublin-based aircraft leasing company has formed an alliance with Heston Aviation, to build and launch Heston Airlines. Heston Airlines will be a newly established Lithuanian headquartered charter and ACMI service provider. Over the past 12 months Genesis has supported the strategy and development of the airline and has just concluded on delivering the airline’s first 180-seat A320 aircraft to support the final stages of Heston Airlines application for an EASA Air Operator Certificate (AOC). Genesis will work with Heston Airlines to deliver additional A320 aircraft which are planned to enter service in 2021. Commenting on the partnership Karl Read more

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