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

LATEST NEWS

Wednesday, September 2nd, 2020

Turkish Airlines Pilots agree to 50% pay cut

To cope with the financial devastation caused to airlines by the COVID-19 pandemic, Turkey’s President Recep Tayyip Erdogan has helped broker a deal between trade unions and Turkish Airlines pilots, together with additional workers, that will see wages cut for the coming year by up to 50%. The Hava-Is union represents approximately 75% of the 30,000 Turkish Airlines employees.

In the second quarter of the year the flag-carrying airline posted a US$303 million loss, with passenger numbers declining by 61%. Unlike most carriers, worldwide, Turkish Airlines has not looked to the government for a financial bailout or massive job cuts. The result of these negotiations should see monthly cash burn drop 14% from a current US$350 million according to analysts. Under the agreement, so-called “seniority payments” for all employees will be cut by 30%, while pilots will receive a 50% reduction in flight compensations. Cabin crew will see compensation cut by 35% and ground employees by 30%.

AFI_02

Boeing delivers SOCOM’s first next-gen Chinook Helicopter

Boeing is delivering new technologies and performance improvements to U.S. Special Operations Command (SOCOM) with the Block II Chinook helicopter. Boeing’s Philadelphia team recently delivered the first MH-47G Block II Chinook to SOCOM on time.

The company is on contract for 23 more MH-47G Block II Chinooks, having signed a contract with SOCOM in July.

Frontier Airlines selects Airinmar for warranty and value engineering services

AAR subsidiary Airinmar has signed a new services agreement with low-fare carrier Frontier Airlines.

Airinmar will provide a full suite of support services covering both aircraft warranty and value engineering. Warranty management services will cover the identification, claim and recovery of the multiple airframe, engine and component warranty entitlements provided by Airbus and its suppliers.

Value engineering support will include cost oversight services to assure compliance with Frontier’s contracted component repairs and minimize component flight-hour out-of-scope repair charges. The services will complement Frontier’s current materials management activities and focus on maximizing the recovery of Frontier’s warranty entitlements and reducing the cost of component repair.

MMR_01

Global Crossing Airlines signs for first Airbus A321 passenger aircraft

Global Crossing Airlines (GlobalX) has signed a letter of intent for its first A321-200 aircraft, under an operating lease with Magnetic Leasing.

The aircraft, a 2005 year build previously operated by a major government owned Asian airline, is expected to be delivered to GlobalX in December 2020. Delivery will occur after signing of definitive lease documents and painting the Aircraft in GlobalX colors at IAC in Lake City, Florida.

This aircraft was specifically selected by GlobalX to initiate its services to Cuba, subject to governmental approvals, and planned as the first aircraft that will eventually be converted to freighter configuration. GlobalX is currently negotiating the acquisition of additional A321 aircraft for conversion to freighters as part of its overall strategic plan to become a narrow-body A321 freighter operator.

GlobalX continues the development of its A320 fleet plan and expects to announce the closing of additional aircraft under lease and purchase contracts in the next 15 days.

GlobalX is a new entrant airline now in FAA certification using the Airbus A320 family aircraft. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet-lease charter airline serving the U.S., Caribbean and Latin American markets.

SET_01

OAS Helicopters signs up for Rusada’s ENVISION

OAS Helicopters, the Nigerian charter operator, has awarded Rusada a contract for the use and implementation of its MRO and Flight Operations software, ENVISION.

Odengene Air Shuttle Services (OAS) has operated in the region since 1992. Headquartered in Lagos and operating out of Port Harcourt, OAS acquired a new AW139 helicopter for use in supporting oil and gas operations for the Nigeria National Petroleum Corporation.

As well as signing up for several of ENVISION’s key modules, OAS is also employing its Flight Operations solution to help organize its flights and crew.

This new deal further strengthens Rusada’s footprint in Africa and will be supported by its MEA team, based in Dubai.

BOM_01

GATES receives approval from Argentinian and Egyptian aviation authorities to overhaul CFM56-5B/7B and CF6-80C2B engines

GA Telesis Engine Services (GATES) has received certification from the Administración Nacional de Aviación Civil in Argentina (ANAC) and the Egyptian Civil Aviation Authority (ECAA) to overhaul CFM56-5B/7B and CF6-80C2B engines. These approvals provide GATES with access to major MRO markets and will allow the company to develop and expand its customer base in both South America and Northern Africa.

GATES has previously been approved by the Federal Aviation Authority (FAA), European Aviation Safety Agency (EASA), Transport Canada Civil Aviation (TCCA), the Civil Aviation Administration of China (CAAC), General Authority of Civil Aviation in Saudi Arabia (GACA) and Dirección General de Aeronáutica Civil in Mexico (DGAC).

TRU_01

Cambridge Airport invests in new landing systems

Cambridge City Airport has invested in a new and improved Instrument Landing System (ILS) and colocated Distance Measuring Equipment (DME) to provide an enhanced precision approach that enables aircraft to approach the runway in darkness or adverse weather conditions where visibility is limited.

The airport has awarded the contract to Systems Interface (SIL), a U.K. specialist that will design, supply, install and commission an ILS system comprising localizer and antenna systems, glidepath and antenna systems and a low-power DME. “We want to ensure pilots have access to the latest navigational aids and a new ILS ensures we maintain the highest levels of safety for aircraft using Cambridge City Airport that we can,” said Airport Director, Kevan Craske.

The complete system includes remote control and monitoring and remote maintenance and monitoring. All civil works and project management will be provided by SIL.

SFR_02

ePlane launches new secure fulfillment solution

ePlane has successfully launched a new way to source and pay for materials online. ePlane Fulfillment is a service in which ePlane can facilitate the purchase of an item for companies through a secured payment process anywhere in the world. From sourcing to payment, the ePlane Fulfillment gateway leverages intelligent technologies to pay and get paid.

Earlier in January, ePlane received an investment of US$9 million from Japanese trading and investment firm Marubeni Corporation and the current shareholders.

AviTrader_Weekly_Headline_News_Cover_2020-08-31

click here to download the latest PDF edition

MRO-2020-08 cover

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