Daily2018-02-20
Follow-Us-Facebook
Follow Linkedin
Follow Twitter

LATEST NEWS

Friday, June 19th, 2020

IAG’s Level Europe ceases operations – files for insolvency

Despite the wealth of its parent company IAG, Europe’s third-largest airline by pax and owner of British Airways, Iberia, Aer Lingus and Vueling Group, Level Europe has filed for insolvency citing the effects of the COVID-19 pandemic as the reason it has been forced to stop trading.

The move does not affect Level, another subsidiary of the IAG, which focuses on long-haul routes. Level Europe operated six short-haul jets, began operations in 2018 and now joins a growing list of carriers who have been unable to successfully negotiate the turbulence created by the pandemic, including Virgin Australia, Latin America’s Latam Airlines and Avianca, and the U.K.’s Flybe.

IAG confirmed back in April that it had €10 billion (US$10.12 billion) of liquidity, but chief executive Willie Walsh has said it is burning through cash as the crisis continues and has warned that British Airways is "fighting for survival". Unlike other European airlines such as Lufthansa and Air France-KLM, IAG does not have access to a government bailout, though it has accessed government-backed loans and furloughed many of its staff.

Currently British Airways is looking to axe up to 12,000 jobs as its survival becomes increasingly threatened. According to Level Europe, an administrator to oversee the insolvency will be appointed once proceedings have been filed.   

KEL_04

ALC delivers one new Airbus A320-200neo aircraft to Atlantic Airways

Air Lease Corporation (ALC) has delivered one new Airbus A320-200neo aircraft on long-term lease to Atlantic Airways, the national carrier of the Faroe Islands. Powered by CFM International LEAP-1A26 engines, this aircraft is the second of two A320-200neos that delivered to the airline from ALC’s order book with Airbus.

“We are pleased to announce this second A320-200neo delivery to Atlantic Airways today,” said Grant Levy, Executive Vice President of Air Lease Corporation. “ALC introduced the A320-200neo to Atlantic Airways’ fleet last year and it has greatly enhanced the passenger experience and overall operations of the airline. We are confident that this second A320neo from ALC will continue to support the national carrier’s excellent operations.”

GA Telesis appoints John Wales, Director of APU Product Line

GA Telesis (GAT) has appointed John Wales as Director of APU Product Line. He will be responsible for developing and maintaining GA Telesis’ APU portfolio of products.

Wales brings over 20 years of leadership experience to the Company’s Component Solutions Group (CSG), which is now part of the Flight Solutions Group family of businesses.

Before joining GA Telesis, he served several years with Turbine Engine Consultants as the APU Commercial Program Manager, directing all sales and marketing efforts for both national and international customers. He also served as General Manager of machining facilities, developing overall effectiveness, quality, and productivity by training, coaching, and implementing his teams.

TRU_01

ALC delivers one new Airbus A320-200neo aircraft to Atlantic Airways

Air Lease Corporation (ALC) has delivered one new Airbus A320-200neo aircraft on long-term lease to Atlantic Airways, the national carrier of the Faroe Islands. Powered by CFM International LEAP-1A26 engines, this aircraft is the second of two A320-200neos that delivered to the airline from ALC’s order book with Airbus.

“We are pleased to announce this second A320-200neo delivery to Atlantic Airways today,” said Grant Levy, Executive Vice President of Air Lease Corporation. “ALC introduced the A320-200neo to Atlantic Airways’ fleet last year and it has greatly enhanced the passenger experience and overall operations of the airline. We are confident that this second A320neo from ALC will continue to support the national carrier’s excellent operations.”

LIE_01

IATA launches Aviation Security Intelligence Portal

The International Air Transport Association (IATA) has launched the Security Risk Intelligence Portal (SRIP)—an incident reporting tool to help airlines mitigate and manage security risks. The portal also includes the latest state and airport restrictions and requirements imposed as a result of the COVID-19 crisis.

SRIP was developed to improve real-time information-sharing among airlines, airports and air navigation service providers (ANSPs). Information shared by airlines will be augmented by open-source data (notices, warnings, bulletins, prohibitions, media reports) to provide a comprehensive view of security, biosafety and operational incidents in the vicinity of airports. This will enable individual airlines to make well-informed, real-time and risk-based operational decisions to manage
security threats.

“Safety and security are the industry’s main priorities. The Security Risk Intelligence Portal (SRIP) provides up-to-the-minute security incident data that will make aviation even more secure. This includes biosafety and conflict zone information which will be particularly timely as airlines re-start operations amid the COVID-19 crisis,” said Matthew Vaughan, IATA’s Director of Security.

To further improve security risk mitigation, IATA is working with States and the International Civil Aviation Organisation (ICAO) to improve levels of security information-sharing. This is particularly
critical in conflict zones as demonstrated with the tragic downing of Ukraine International Airlines flight PS752 earlier this year.

REV_02

Collins Aerospace’s quick-turn changeover for passenger aircraft enables fleet flexibility

Collins Aerospace Systems has developed and implemented a multi-tiered solution that converts passenger aircraft into a cargo configuration, allowing airlines fleet flexibility to transport critical medical materials, goods and other freight in response to the COVID-19 pandemic. The quick-turn conversion, available for any passenger aircraft model, can be completed in as few as seven days and involves removing seats to allow a substantially higher volume of cargo carriage on the main deck floor. The aircraft can easily be converted back to a passenger configuration when the airline desires.

Through its Integration Engineering facility in Everett, Washington, Collins Aerospace has an extensive history in aircraft modifications and is able to offer Engineering Order (EO) solutions for rapid conversion as well as Supplemental Type Certification (STC) for cabin modifications to carry greater weight and various cargo types for longer-term flexibility. Cabin reconfiguration solutions may be implemented with the FAA or EASA approvals.

BAG_04

Chapman Freeborn acquires Arcus Air Logistics

Chapman Freeborn, a global aircraft charter specialist and company of the Avia Solutions Group (ASG), has signed an agreement to acquire Arcus Air Logistics and Arcus Air OBC from the Arcus Air Group.

Offering ad-hoc air cargo charter and on-board courier services primarily to the automotive industry, Arcus Air Logistics is a respected and established supplier with a brand history of over 45 years. The company provides cargo charter services with its own fleet of two Dornier 228-212 aircraft, and a variety of additional aircraft. Over the 2015-2019 period, Arcus Air Logistics’ average annual sales were €22 million.

Arcus Air Logistics is a valuable addition to Chapman Freeborn’s service portfolio. It brings significant synergies in the emergency cargo logistics space where Chapman Freeborn is a leading player with ambitious plans for future growth. “We are proud to welcome the highly experienced teams of Arcus Air Logistics to our growing family. This is an opportune time to join forces given the trends in the global cargo logistics space. I believe Arcus Air Logistics will further strengthen our group’s business as we continue our strategy of growth through diversification in the niche aircraft charter industry”, says Russi Batliwala, CEO of Chapman Freeborn.

PEN_01

Boeing names Michael D'Ambrose as Human Resources leader

Boeing has named Michael D'Ambrose as executive vice president of Human Resources, effective July 6. He will succeed Wendy Livingston, who has served in an interim capacity since April.

In this role, D'Ambrose will be responsible for the company's leadership and learning, talent planning, employee and labor relations, total rewards, and diversity and inclusion initiatives. He will report to Boeing President and CEO David Calhoun, serve on the company's Executive Council and be based in Chicago.
AviTrader_Weekly_Headline_News_Cover_2020-06-15

click here to download the latest PDF edition

AviTrader_Monthly_MRO_e-Magazine_Cover_2020-06

click here to download the latest PDF edition

click here to subscribe to our other free publications

AIRCRAFT & ENGINE MARKETPLACE

click here to view in PDF aircraft and engines available for sale and lease

Follow Twitter
Follow Linkedin
Follow-Us-Facebook
Interested in advertising with AviTrader?

Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
North America Toll-Free: +1 (833) 258 8543
Outside North America: +1 (788) 213 8543
Tamar