Daily2018-02-20

LATEST NEWS

Thursday, November 28th, 2019

FAA announces it will be solely responsible for issuing airworthiness certificates for 737 MAX

The American Federal Aviation Administration has confirmed that it has notified Boeing Co (Boeing) that only the agency will be able to issue airworthiness certificates for the troubled 737 MAX jet rather than continue to share the role with Boeing as had previously been the case. In addition, the agency has confirmed that it is yet to complete its review of all the changes in the design of the 737 along with pilot training procedures.

The FAA sent a letter to Boeing on Tuesday of this week, advising them that it “has determined that the public interest and safety in air commerce require that the FAA retain authority to issue airworthiness certificates and export certificates of airworthiness for all 737 MAX airplanes.” The agency said it intends to retain the authority to issue airworthiness certificates until such time it feels confident Boeing has “fully functional quality control and verification processes in place” and that other Boeing procedures meet all regulatory standards. “We continue to follow the lead of the FAA and global regulators,” Boeing spokesman Gordon Johndroe said in an email. “They will determine when key milestones are achieved and when the fleet and training requirements are certified so the MAX can safely return to service.”

Boeing issued a statement earlier in November indicating it anticipated the FAA would lift the grounding of the 737 MAX around the middle of December, though it did not believe the FAA would complete its review of revised training requirements until January. Among elements that Boeing has to complete prior to obtaining airworthiness for the jet is a certification test flight which has yet to be scheduled, simulator work with international pilots, and completion of a software documentation audit.

Royal Aero

CDB Aviation delivers first of three A330 aircraft to Onur Air

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., (CDB Leasing), has delivered the first of three Airbus A330-343 aircraft to its new airline customer in Turkey, Onur Air. The remaining two aircraft are expected to deliver in the second quarter of 2020.

Onur Air will utilize the additional widebody aircraft to boost its all-Airbus fleet, while supporting wet-lease, scheduled and charter operations, both domestically and internationally to destinations including Europe, Russia, and the Middle East.

Air Lease Corporation announces pricing of offering of CA$400 million of senior unsecured medium-term notes

Air Lease Corporation has CA$400 million, or US$301 million (based on a Canadian dollar/U.S. dollar exchange rate of C$1.00=U.S.$0.7523, as announced by the U.S. Federal Reserve Board as of November 22, 2019), aggregate principal amount of 2.625% senior unsecured medium-term notes due December 5, 2024 (the Notes). The sale of the Notes is expected to close on December 5, 2019, subject to satisfaction of customary closing conditions.

The Notes will mature on December 5, 2024 and will bear interest at a rate of 2.625% per annum, payable semi-annually in arrears on June 5 and December 5 of each year, commencing on June 5, 2020. Owners of the Notes will receive payments relating to their Notes in Canadian dollars.

The Company intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness.

SR Technics

Gulfstream names Julien Nargeot regional VP of Sales

Gulfstream Aerospace has appointed Julien Nargeot as regional vice president of Sales for Southeast Asia, Australia and New Zealand, and Brian McCarthy as regional sales manager in the region.

Nargeot joins Gulfstream with 12 years’ experience with a business-jet original equipment manufacturer, where he held a pilot type rating and was involved with pilot training and operational support, aircraft technical support and customer service. More recently, he spent seven years in new aircraft sales for the Middle East.

Nargeot holds a master’s degree in aeronautical engineering from France’s École Supérieure des Techniques Aéronautiques et de Construction Automobile (ESTACA), which included a year of aerospace and space mechanics study at Kasetsart University in Bangkok.

Hawaiian Airlines inaugurates new Fukuoka service

Hawaiian Airlines has welcomed guests aboard its inaugural flights between Fukuoka Airport (FUK) and Honolulu’s Daniel K. Inouye International Airport (HNL), thus starting its four-times-weekly nonstop service with an Airbus A330 aircraft.

Fukuoka becomes Hawaiian’s fourth gateway city in Japan, which complements its existing network of nonstop service connecting the Hawaiian Islands with Osaka, Sapporo, and Tokyo’s Haneda and Narita airports. The carrier now operates 35 weekly nonstop flights between Japan and Hawai‘i and will begin additional daily service between HNL and Tokyo Haneda on March 28, 2020.

TrueAero

AJW Group invests in Bombardier Global Express components

AJW Group has bolstered its presence in the business jet market with a major investment in Bombardier Global Express components.

Available inventory includes two BR710 engines, landing gear ship set, flaps and auxiliary power units (APUs). The inventory is held at AJW Technique, the state of the art facility that forms the centralised hub for the AJW Group’s MRO in Montreal and available for shipment worldwide.

AJW has
held a contractual relationship with Bombardier since 2018, undertaking all
repair management for the OEMs’ rotable inventory. The work covers Bombardier’s
Learjet, Challenger and Global series family of aircraft.

Condor increases profit, passenger numbers and load factor

Condor Flugdienst GmbH improved its key figures for the financial year 2018/19 (ending September 30, 2019).

The operating profit (EBIT) increased by 32.4% on a year-on-year comparison to €57 million. The number of passengers carried increased by 4.5% to 9.4 million (+6.9%) with increased capacity. Condor achieved a 6.0% increase in revenue to €1.7 billion with stable yields and a stable seat load factor of around 90%.

At the end of September, Condor entered into a so-called preliminary protective shield procedure in order to release itself from joint liabilities from the insolvent former parent company Thomas Cook Group plc. This gives the company full independence from the Thomas Cook Group plc and at the same time more security for its own future. The federal government of Germany and the state government of Hesse have granted Condor a state-guaranteed bridging loan of €380 million. In a structured bidding process, strategic and financial investors are showing high interest in Condor.

Ralf Teckentrup, CEO of Condor Flugdienst GmbH, was highly satisfied with this result: "We are an operationally healthy and profitable company. Our key figures and the further increase in profit underline this. Condor is thus further expanding its market leadership in the leisure airline business. The current booking trend is exceeding expectations. This is also a clear sign of confidence on the part of tour operators, travel agencies and our direct customers. The loss of passengers from Thomas Cook Germany of around 15% is being compensated for by strong demand."

Rusada

Aircamo selects OASES as CAMO platform

Aircamo Aviation (Aircamo) has selected OASES to support its established CAMO and technical management operations.

Aircamo is an aircraft asset management and airworthiness company, providing transition and heavy maintenance support to airlines, leasing companies and operators worldwide. Based out of Manchester Airport Business Park (UK), the company specialises in Private/Commercial Aircraft and Engine Technical and CAMO Management advisory services. Aircamo’s technical approvals include: EASA Part M - UK.MG.0697, Guernsey 2-REG.39.34, Bermuda BDA/CAMO/166, and Cayman Islands 081-CAY-CAMO-2019.

The Aircamo-team consists of very experienced senior technical managers, many of whom previously worked with a variety of large airlines, MRO’s and leasing companies. Aircamo has chosen the Core, Airworthiness and Planning OASES modules, which will be implemented in Commsoft’s Private Cloud.

Discussions are well underway between Commsoft and the Aircamo-team, where data migration consultancy and support will be key components of the project plan. Due to uncertainty within the market Aircamo is providing ‘Shadow CAMO’ services for several lessors who want to react quickly in the event of a default or collapse.  

All Nippon Airways and LHT sign MoU for technical collaboration on Boeing 777-9

All Nippon Airways (ANA) and Lufthansa Technik have signed a comprehensive Memorandum of Understanding (MoU) regarding a technical collaboration project for the Boeing 777-9. The Japanese carrier is one of the launching customers for the 777-9 while Lufthansa Technik is currently preparing its maintenance, repair and overhaul (MRO)-readiness for the arrival of the first Lufthansa aircraft of this type planned in the beginning of 2021.

The collaboration shall contribute to the success of both companies and help to enable the best-in-class dispatch reliability for ANA and for Lufthansa Technik's future customer fleet from day one of entry into service of the 777-9.

The two partners have already identified different engineering and maintenance areas in which they want to collaborate or have even started to do so. In the entry-into-service phase of the aircraft the two companies want to share insights and best practice in engineering services and want to collaborate in aircraft production inspection.

They will also cooperate in the fields of material planning and sharing, line maintenance services and aircraft-on-ground (AOG) support. Furthermore the partners plan to develop digital maintenance predictors on the technical base of AVIATAR, Lufthansa Technik's independent
digital operations suite. Further upcoming fields of collaboration will constantly be discussed between the two companies.

AFG

Jat Tehnika achieves EASA Part 145 approval on SSJ100 regional jet

Jat Tehnika has successfully achieved the EASA Part 145 approval for various line and base maintenance activities on the Superjet 100 (SSJ100) regional jet, with the support of SuperJet International for necessary personnel training, spares and technical services.

This new cooperation will enable Jat Tehnika to perform a wide range of line and base services on the SSJ100 at its own facilities in Belgrade, Nikola Tesla airport, Serbia, as well as in other
selected line outstations.

Miroslav Musulin, CEO of Jat Tehnika, states” Jat Tehnika continues its strategic goal to be among the most advanced MRO key players in the market of state-of the art aircraft such as Boeing MAX, Airbus NEO and Superjet 100. Safety and environment protection are our greatest achievements and we will continue to support the similar projects with the same pace in the future”.

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