Daily2018-02-20
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LATEST NEWS

Wednesday, February 26th, 2020

Boost for Boeing as ANA places order for 15 787 Dreamliners worth US$5 billion

Having failed for the first time in many years to secure any orders in the month of January, Boeing has confirmed that Japan’s ANA Holdings Inc (ANA) has placed an order for 15 more 787 Dreamliners worth an estimated US$5 billion at list price.

However, the news is not so good for Roll-Royce who had been the engine supplier for previous Dreamliners delivered to ANA. This time the Japanese carrier has opted for General Electric engines to power the latest jets which will comprise 11 787-10 stretch versions and four shorter 787-9s, with options for a further five 787-9s. The change is likely as a result of extra inspections required by the Rolls-Royce engines in 2018 which forced ANA to cancel hundreds of flights.

“As the 787 becomes a larger share of our fleet size, we have made the decision to diversify some of the components to minimize single source risks,” an ANA spokeswoman said. In a separate filing, ANA confirmed 12 of the 15 aircraft on firm order would be purchased directly from Boeing and the remaining three from a subsidiary of Japanese trading house Sojitz Corp. In a news release issued by ANA on Tuesday, ANA advised that the first delivery will be in the business year beginning April 2022.

ANA was the 787 launch customer and is the world’s biggest operator of the plane; this latest order bringing total purchases to 98, with 71 of the jets currently in operation.

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EngineStands24 signs engine stand maintenance agreement with Rhinestahl CTS

EngineStands24, a subsidiary of Magnetic MRO, and Rhinestahl CTS, authorized provider of aviation and gas turbine engine tooling to GE, CFM and Rolls-Royce, have signed an engine stand service agreement, covering the maintenance service of EngineStands24 stands pool for all the company’s global hubs.

According to the agreement, Rhinestahl CTS will be responsible for managing the entire engine stand fleet including LEAP, CFM56, CF6 and CF34 engines and will ensure its readiness. The agreement covers service in all of the hubs, including Amsterdam, Dubai and Guangzhou, making Rhinestahl CTS exclusive engine stands maintenance service provider for Magnetic MRO.

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American Airlines and Qatar Airways sign new strategic partnership deal

American Airlines has renewed its codeshare agreement with Qatar Airways, a premier carrier and member of the oneworld® alliance in the Arabian Peninsula. This is the first step in building a strategic partnership between the airlines that will increase commercial cooperation, bolster connectivity and create new travel options for customers. Following restoration of the codeshare, American will begin exploring the addition of service from the U.S. to Doha.

“Our goal is to continue to expand and deepen our global partnerships to complement American’s network and create more choice for our customers,” said American’s Chairman and CEO, Doug Parker. “The issues that led to the suspension of our partnership two years ago have been addressed, and we believe resuming our codeshare agreement will allow us to provide service to markets that our customers, team members and shareholders value, including new growth opportunities for American Airlines. We look forward to the renewed cooperation between our airlines and hope to build an even stronger relationship with Qatar Airways over time.”

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Emirates and Spairliners sign GTA for component support of Emirates’ A380 fleet

Emirates and Spairliners have signed a General Terms Agreement (GTA) to provide component aftermarket solutions for Emirates’ A380 fleet.

Ammar Al-Zaben, Emirates’ Vice President Procurement Aircraft, added: “Component support for
any aircraft is critical. But the complexity is multiplied many times over when it’s for the largest passenger aircraft – the A380s, and specifically for us, as we are its largest operator. Our association with Spairliners will further strengthen the support, service and reliability for our A380s, the flagship of our fleet, which will translate to optimized operations and a better customer experience.”

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GKN Aerospace selected by FMV to support Gripen E RM16 aero engine

GKN Aerospace has been selected for the technical product support and MRO for the Gripen E RM16 engines of the Swedish Air Force. The RM16 is the Swedish name for the aero engine of the new Gripen E aircraft and GKN Aerospace’s continued support to the platform was confirmed by FMV, in January. The engine is based on the General Electric F414 aero engine which powers the F-18 Super Hornet. GKN Aerospace will closely collaborate with Saab and GE to build up the necessary infrastructure and competence for the new engine type.

The selection reinforces GKN Aerospace’s unique position and extensive experience in aero engine support. It effectively means that technical support and maintenance for all versions of the Gripen aero engines will be available in Trollhättan, Sweden. GKN Aerospace is also the OEM and type certificate holder of the Gripen C/D RM12 aero engine and has been supporting the RM12 aero engines since the first Gripen aircraft went into service in 1997. GKN Aerospace employs 2,200 people in Trollhättan, Sweden, of which about 200 work in its military engines design and support business.

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Seabury Capital establishes new financing arm to deliver advanced support for global aircraft market

Seabury Capital Group (Seabury Capital) has announced the formation of Seabury Aircraft Capital (SAC) through a combination of its existing advisory practices and the acquisition of an investment banking firm Structured Finance International (SFI) whose professionals have arranged over the past 20 years aircraft financing with an aggregated acquisition costs exceeding US$18 billion (in 2020 dollars).

By virtue of this combination, SAC will be one of the leading advisory and capital arranging firms for financing for new and used aircraft, using innovative tax- and non-tax-driven financing structures. 

With SAC, Seabury Capital professionals have a combined history of advising on over US$300 billion of new aircraft agreements, US$30 billion of aircraft financing structures and over US$100 billion in corporate financing arrangements.

Buttressed with SFI’s investment banking capabilities, market knowledge, and expertise in the development and implementation of structured financing solutions for aerospace clients, SAC will assist carriers in sourcing and purchasing assets, as well as in arranging and executing the financing, specific to each airline fleet and balance sheet’s requirements.

In addition, the unit leadership’s unique ability to analyze transactions from the perspective of all key participants, including airlines, manufacturers, and investors, as well as their long-standing relationships within the investment community, are strategically positioned to expand Seabury Capital’s investor pool, making airlines and aircraft more appealing to a wider array of institutional and other investors.

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Air Arabia awards A320 landing gear MRO contract to Revima

Revima, the independent landing gear and APU MRO, has signed a six-year contract with low-cost carrier Air Arabia, for the full support of its A320 landing gears, totaling 40 shipsets for the period.

The MRO work will be provided by Revima’s facility located in Normandy, France. Revima has been operating its A320 landing gear repair shop for several years, with a world-class dedicated customer service.

Star Alliance welcomes THAI Smile as connecting partner

Star Alliance has welcomed THAI Smile Airways as a Star Alliance Connecting Partner at an official ceremony held on February 25, in Bangkok.

THAI Smile became the second Connecting Partner of Star Alliance. The Connecting Partner model was first introduced in May 2017. This collaboration is the first of its kind in Thailand.

THAI Smile offers more than 396 weekly flights to 32 destinations in nine countries and regions. As a Connecting Partner, the airline will extend the Star Alliance network by ten new destinations.

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Elbe Flugzeugwerke achieves STC for A321 Freighter conversion

Elbe Flugzeugwerke (EFW), the joint venture of ST Engineering and Airbus, has received supplemental type certification for its A321 Passenger-to-Freighter (P2F) conversion from the European Union Aviation Safety Agency (EASA).

The Supplement Type Certificate (STC) comes one month after the prototype unit, to be redelivered to launch customer Vallair, made its maiden flight test on January 22. As the STC holder EFW is responsible for customer support services as well as the adaption engineering in the serial phase. Within the setup of the joint venture EFW is furthermore taking care of the overall Program Management, Marketing and Sales and the subcontracting of conversions to the lines in Singapore, China, the U.S. and Germany.

The program, launched in 2015, is the result of a collaboration between ST Engineering, Airbus and EFW. ST Engineering is responsible for the engineering development phase, up to obtaining the STC from EASA and U.S. Federal Aviation Administration. Airbus contributes to the program with Original Equipment Manufacturer (OEM) data and certification support, on-board computer development, airframe engineering, flight-physics and flight-testing expertise. This is the exclusive A321P2F program whereby Airbus contributes with OEM data and certification support.

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UPCOMING EVENTS

Operating Lease & Aviation Finance Seminar 2020
March 24 - 26, 2020 - London, UK

Technical Aspects of a Leased Asset 2020
April 21, 2020 - Amsterdam, Netherlands

Maintenance Reserves Seminar 2020
April 22, 2020 - Amsterdam, Netherlands

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Tamar Jorssen
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Email: tamar.jorssen@avitrader.com
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Tamar