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LATEST NEWS

Monday, June 15th, 2020

SAS to be supported from governments of Sweden and Denmark for recapitalization

The Swedish Government has put forward a proposal to the Swedish Parliament to support SAS AB with up to SEK 5 billion as part of the company’s necessary recapitalization plan due to the negative effects of COVID-19. In addition, the Danish government has communicated political unity for a recapitalization of SAS.

The company estimates that the recapitalization will encompass new funding need of some SEK 12.5 billion and additional measures. The aim of the recapitalization plan is to ensure that SAS is fully funded and that shareholders equity will be at levels experienced before COVID-19 pandemic when business volumes return to pre-corona levels.

SAS remains in dialogue with selected stakeholders regarding the terms and conditions of the recapitalization plan and the burden sharing measures required by the Swedish and Danish governments. These measures will involve internal, external and financial stakeholders in the company, including the holders of SAS outstanding bonds and hybrid notes. Further details are intended to be announced before the end of June.

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Smart technology fundamental for airlines to safely return to the skies in coming weeks

SITA, the technology provider for the air transport industry, sheds new light on how technology is helping airports and airlines safely resume operations and help implement new hygiene measures to restore passenger confidence after a lengthy shutdown due to the COVID-19 pandemic.

Sebastien Fabre, Vice-President Airline & Airport, SITA said: “The past few weeks have seen airlines across the globe tentatively take to the skies. This is reflected in a resumption in activity across our network and improved baggage volumes, up 55% month-on-month in May where volumes were at a record low.”

However, Fabre noted that recovery would be slow. “Our industry must transform the passenger
experience to increase traveler safety while balancing economic pressures from slow customer demand. To successfully walk this tightrope and navigate a return to the skies for viable volumes of passengers, airports and airlines need to assimilate new information from governments and health officials, adapt operations immediately and automate processes permanently.”

SITA has introduced solutions that allow passengers to use their mobile device as a remote control for touchpoints such as self-bag drop and check-in kiosks, removing the need to touch any airport equipment. "For example, at San Francisco Airport, we have SITA Flex which in future will enable a full mobile and touchless passenger journey. This means travelers can print bag tags from their mobile phone on self-service bag points,” added Fabre.

He noted that technology would be fundamental in helping airlines and airports to be compliant with new and fast-changing regulations to restore passenger’s confidence in flying. New preventive measures aimed at limiting risk in the airport and onboard will require a new approach to passenger management.

Fabre stated that SITA was rapidly rolling out new solutions that addressed the above challenges, complementing short term hygiene measures such as the use of masks and gloves.

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Dragon Aviation Capital to open satellite office in South Korea

Dragon Aviation Capital (Singapore) has announced the continued expansion of its technical advisory services. In June 2020 DAC will open its satellite office in South Korea to further support its customers in the North East Asia Region.

DAC has appointed Kim Soo Dong as its Technical Project Manager based in Seoul, South Korea.

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Rolls-Royce delivers 8,000th engine from Dahlewitz, Germany

Rolls-Royce has delivered the 8,000th engine made at its site in Dahlewitz, Germany. The engine, a BR725, will be shipped to Gulfstream Aerospace Corporation in Savannah, Georgia, U.S.A., to power its current flagship business jet, the G650ER.

The Dahlewitz site, located south of Berlin, started production in June 1995 and today employs approximately 3,000 people. As the Rolls-Royce Centre of Excellence for business aviation engines, the site has an important role in the company's global manufacturing and development footprint.

Alongside production of the BR725, a range of business jet engines including the BR710 and Pearl 15 engines, as well as the Trent XWB for the Airbus A350, are assembled at the facility. The Dahlewitz site is also home to development and testing facilities for Rolls-Royce’s new power gearbox for the UltraFan® demonstrator programme.

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Pratt & Whitney appoints new designated maintenance facilities on four continents

Pratt & Whitney has appointed five new Designated Maintenance Facilities (DMFs) in Europe, North America, South America and Asia to provide line maintenance for many of its engines operating around the world.

The new DMFs are Rijnmond Air Services B. V., Rotterdam, Netherlands (PT6A, PW500 engines), Alidaunia S.R.L., Foggia, Italy (PT6B, PT6C, PT6T, PW200, PW210 engines), ALE Service Center S de RL de CV, San Nicolás Tolentino, Mexico (PT6A, PT6B, PT6C, PW200, PW300 and PW500 engines), Central Aerospace S.A.S., Bogota, Colombia (PT6A, JT5D engines) and AVIC China Flying Dragon GA, Harbin, China (PT6A-135A, PT6A-27 engines).

“Today’s announcement brings the number of Pratt & Whitney DMFs serving helicopters and the general and business aviation industries to 13, located in North and South America, Europe and Asia,” said Satheeshkumar Kumarasingam, vice-president, customer service, at Pratt & Whitney. “Our global DMFs are effectively delivering local and personalized line maintenance and mobile repair services to our customers. DMFs are part of our broader efforts to ensure we provide the right engine maintenance solutions to meet our customers’ needs in an efficient and timely manner while ensuring our high technical standards are met. Further, these DMFs help improve the availability of parts in the desired country and the rapid deployment of service.”

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Frankfurt Airport passenger numbers remain at record low

Frankfurt Airport has welcomed 272,826 passengers in May 2020, corresponding to a decline of 95.6% compared to the same month last year. The overall shortfall for the first five months of the year amounted to 57.2%. This trend continued to be driven by travel restrictions and plummeting demand in connection with the COVID-19 pandemic. Aircraft movements, with 7,764 takeoffs and landings, were also down sharply by 83.2% in May. Accumulated maximum takeoff weights (MTOWs) slipped by 72.4% to 776,676 metric tons. Cargo throughput (airfreight + airmail) contracted by 13.6% to 160,502 metric tons as a result of lostbelly freight capacity on passenger flights.

Fraport’s Group airports worldwide have also been buffeted by the COVID-19 pandemic. During the reporting period, most of them were still subject to comprehensive restrictions on travel and some remained under complete lockdowns imposed by local authorities. The passenger volumes were between 89.5% and 99.9% beneath the levels of May last year. Only Xi’an Airport in China experienced a significant recovery, serving 2.2 million passengers – a drop 44.4% year-on-year.
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