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Tuesday, February 25th, 2020

BAA Training opts for unleaded aviation fuel

BAA Training, one of the three largest European aviation training centers in Europe, has signed an agreement with Air BP to expand their cooperation with Air BP supplying BAA Training with Avgas 100LL, unleaded aviation fuel.

The fuel will be used at all BAA Training flight bases as well as for the company’s aircraft at Llieda-Alguaire and other Spanish airports where training activities are carried out. Consequently, BAA Training becomes one of the first aviation training academies in southern Europe to use unleaded Avgas. According to BAA Training, the deal includes the bulk supply of UL91 – an approved colorless, unleaded aviation fuel with a fixed volatility range. It is designed to work year-round without seasonal variations and contains no ethanol, which is known to damage fuel system components, while also having an assured energy content – there are no alcohols or ethers which could reduce aircraft range. Additionally, with there being no need for a lead additive, the advantages include longer maintenance intervals and reduced spark plug deposits, thus allowing more time between maintenance.

Specification and cleanliness requirements for UL91 are overseen by the aviation industry, including aircraft and engine manufacturers, fuel suppliers, the European Aviation Safety Agency (EASA) and Federal Aviation Authority (FAA). As one of the main aviation training providers in Europe, BAA Training has been working with such airlines as Wizz Air, Avion Express, SmartLynx building cadet training programs since 2016.

In addition to that, in 2019 the company became a partner of Turkish Airlines to prepare cadets and started pilot assessment for cadet program with LOT Polish Airlines. In 2018, BAA Training added Lleida-Alguaire airport as its flight base seeking to ensure year-round flight training. 

“During the peak times we will fly more than 2,000 hours per month at our flight base in Lleida and with the growing number of students it is not only important to ensure a better performance and reduced maintenance of the aircraft, but simultaneously reduce lead emission impacting the environment”, said Egle Vaitkeviciute, CEO of BAA Training.

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ANA signs major cargo distribution partnership with cargo.one

All Nippon Airways, Japan's largest airline, heralds in the new decade by joining leading online platform cargo.one to offer its cargo customers ebooking capabilities. Furthermore, the airline will profit from cargo.one's extensive customer base in Europe and thus, expand its presence in key cargo markets.

"Partnering withleading online booking platform cargo.one will help to accelerate our ambition to digitally transform our business within the coming years and to focus even more on our customer needs," said Toshiaki Toyama, Senior Vice President of ANA. "With cargo.one we enable freight forwarders to book our capacity offers in a fast and frictionless manner, 24 hours a day, 7 days a week."

Digital booking platform cargo.one has been accelerating its growth by leveraging network effects over the past year. In 2019, the platform distributed more than 2.2 million instantly bookable real-time offers to customers - averaging more than 6,000 a day. With each new airline joining the platform, the technology company sees a strong increase in bookings per user.

ANA's strong network in Asia will boost overall capacities available to cargo.one customers on important trade-lanes and will thus help to add to the digital platform's monthly growth rate of on average 20%.

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ST Engineering's joint venture announces securitisation of 30 aircraft engines

ST Engineering has released that Total Engine Asset Management (TEAM), an engine leasing joint venture of its Aerospace arm, has entered into agreements for the sale of 30 aircraft engines using a securitisation structure. This sale will enable the Group to free up capital for future investments including aircraft engines and reduce TEAM’s capital employed.

The transaction comprises a diversified portfolio of 30 aircraft engines that power primarily narrowbody aircraft leased to 13 airlines across 11 countries, with a weighted average remaining lease term of about 6 years. The structure includes about US$257 million (approximately S$358 million) of fixed rate notes offered in three tranches and the placement of equity notes. It is anticipated that TEAM will retain 10% of the equity notes while an affiliate of Marubeni Corporation and one or more other investors will purchase the balance, subject to the satisfaction of customary closing and settlement conditions.

C&L Aerospace purchases ATR inventory from Intertrade

C&L Aerospace has purchased a package of ATR inventory from Intertrade. As part of the transaction, C&L has acquired over 1,400-line items to be added to its existing ATR inventory. All parts from the program are now stocked in C&L’s U.K. and Bangor, ME, U.S.A. warehouses.

Parts from the purchase will bolster existing inventory and be used to support C&L’s robust ATR support programs by offering items ranging from new and overhauled, serviceable and repaired condition. 

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AAR signs LoI with Air Canada to add new aircraft types and establish airframe maintenance Center of Excellence

AAR Aircraft Services Trois-Rivières ULC (AAR) has entered into a letter of intent with Air Canada regarding a ten-year, renewable agreement for airframe maintenance.

This long term agreement should enable AAR to develop an Airframe Maintenance Center of Excellence at its Trois-Rivières MRO in Quebec, Canada and to expand its heavy maintenance services for Air Canada, which will stimulate new investment in aerospace and create more high-quality aircraft mechanic jobs.

The larger combined Airbus A330 fleet of Air Canada and Air Transat would allow Air Canada
to move wide-body A330 maintenance work for both airlines from abroad to AAR in Trois-Rivières, in addition to maintaining and expanding AAR’s airframe maintenance work in Quebec on the A320 family, including all new A321-neo aircraft. AAR currently performs airframe maintenance work in
Trois-Rivières on Air Canada’s existing A320 fleet and E190 fleet (which is being phased out).

The letter of intent is subject to completion of the Transat A.T. merger by Air Canada, requisite Board of Directors’ approvals and completion of final agreements, including terms generally applicable to large-scale airframe maintenance agreements.

AAR intends to make necessary facility infrastructure investments in Trois-Rivières to develop
a Center of Excellence and accommodate the new wide-body A330 work of the combined Air Canada and Air Transat fleet. Through this agreement, it is expected that incremental aerospace jobs will be created in Trois-Rivières and AAR’s new capabilities will attract airframe maintenance work from other A330 operators.

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Elix Aviation Capital delivers one Bombardier Dash 8 Q200 to Safarilink

Elix Aviation Capital has delivered one Bombardier Dash 8 Q200 aircraft, MSN 510, on lease to Safarilink of Kenya. This is the second aircraft delivery for Safarilink from Elix.

Aergo Capital delivers one Airbus A330-200 to Jordan Aviation

Aergo Capital (Aergo) has completed the delivery of one Airbus A330-200 aircraft, bearing manufacturers serial number 834, to Jordan Aviation. The aircraft, which is owned by an affiliate of METAL 2017-1, was previously on lease to Shaheen Air.

Fred Browne, Chief Executive Officer of Aergo, commented: “The delivery of this aircraft to Jordan Aviation is evidence of Aergo’s commitment to supporting growth in this region and our team are delighted to have formed a relationship with the airline.”

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Columbia Manufacturing receives AS9110 certification

Columbia Manufacturing (CMI), a privately held manufacturer and supplier of precision components for turbine engines, has received AS9110 quality management system certification by NSF International Strategic Registrations (NFS-ISR).

AS9110 is a widely adopted quality management system standard within the aerospace industry for FAA repair stations and other MRO suppliers. Criteria is designed to meet the highest industry standards specific to commercial, private, and military aircraft maintenance. Certification entails a rigorous two-stage process that thoroughly examines and evaluates an organization’s quality system through on-site inspections and comprehensive audits.

The Scope of Registration includes Maintenance, Repair, and Overhaul of precision machined parts and sheet metal fabrication for the aerospace industry. Special processes include non-conventional machining, welding, brazing, heat treating, and non-destructive testing. Certification was issued on February 11, 2020 and is valid for three years with annual surveillance audits.

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UPCOMING EVENTS

Operating Lease & Aviation Finance Seminar 2020
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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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