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Tuesday, September 15th, 2020

Lima Airport signs US$450 million financing for airside development

Lima Airport Partners (LAP), which has been part of the Fraport Group since 2001, has signed a US$450 million financing agreement for its airside development program at Jorge Chávez International Airport in Lima, Peru. KfW IPEX-Bank, the Bank of Nova Scotia, Sumitomo Mitsui Banking Corporation, and Banco Bilbao Vizcaya Argentaria – are providing the loan.

LAP’s airside development is of strategic importance, both for Lima Airport, and also for Peru and South America. Lima Airport is a major and popular hub airport for the South American market. The airside development comprises a new 65-meter-high air traffic control (ATC) tower, a new second 3,480-meter runway, 10 kilometers of taxiways, a 250 hectare advanced mid-field apron area for improved aircraft parking capacity, new operational facilities for fire and rescue services, as well as beacons and navigation aids, surveillance systems, and other systems.

Construction of the ATC tower and airfield buildings began in July and is scheduled to be completed late 2021. Construction will soon start on the new runway which is scheduled to be operational by the end of 2022. Dr. Matthias Zieschang, Fraport AG’s chief financial officer, explained the importance of the financing: “This excellent transaction is of paramount significance for the development of Lima Airport. Secured in a very challenging environment, this financing agreement sends out a strong and positive signal about Lima Airport Partners and the entire Fraport Group. Furthermore, the transaction underscores the strong interest and demand from capital markets for financing well-managed airports that have a long-term and positive perspective – such as Lima Airport Partners with its major South American hub airport.”


oneworld member airlines commit to net zero carbon emissions by 2050

oneworld® member airlines have committed to net zero carbon emissions by 2050, becoming the first global airline alliance to unite behind a common target to achieve carbon neutrality.

The alliance’s 13 member airlines plan to achieve this target within the existing environmental framework previously agreed to by governments, including through the International Civil Aviation Organisation (ICAO).

The airlines will develop their individual approaches to reach the target of net zero carbon emissions by 2050, through various initiatives such as efficiency measures, investments in sustainable aviation fuels and more fuel-efficient aircraft, reduction of waste and single-use plastics, and carbon offsets among other measures.

Several oneworld member airlines are already actively prioritizing a range of environmental sustainability initiatives. IAG (the parent of member carriers British Airways and Iberia) was the first airline group worldwide to commit to net zero carbon emissions by 2050. Japan Airlines and Qantas have also targeted net zero carbon emissions by 2050, while Finnair aims to achieve carbon neutrality by 2045.

Several other initiatives, including the use of more sustainable materials, investing in more fuel-efficient aircraft and the development of sustainable aviation fuels are already in progress at many member airlines. British Airways, for example, is part of an initiative to turn household and commercial waste into renewable jet fuel. American Airlines has undertaken an extensive fleet replacement initiative that has welcomed more than 500 new, more fuel-efficient aircraft into its fleet in place of less-efficient planes, and it has also begun adopting sustainable aviation fuel.


DC Aviation signs general agreement with AeroVisto Group

DC Aviation has signed a general agreement with AeroVisto Group, which is specialized in the field of certified interior refurbishment and technology solutions for business and commercial aircraft. AeroVisto will supply all aircraft interior services required by DC Aviation. The works will include cabin refurbishment, repairs, cabin modifications and upgrades with latest cabin technologies.

Juergen Sehne, Vice President Maintenance & CAMO of DC Aviation said: “Our aim is to enable top-quality work on the interior of our managed fleet and to aircraft of third-party customers. We are very pleased that with this agreement we are able to offer our clients the whole range of interior refurbishment and renovation services. With AeroVisto we have a very experienced and flexible partner at our side with large technical know-how and the highest level of craftmenship. The cooperation with AeroVisto underscores the high quality standard we apply to our business jets.”

In the course of the year DC Aviation and AeroVisto have already successfully worked together on a number of projects.


NAV CANADA launches remote air traffic services trial with Searidge Technologies

NAV CANADA has commenced a trial to provide Aerodrome Advisory Services (AAS) at Fredericton International Airport (CYFC) remotely from Saint John, New Brunswick (CYSJ) using Searidge Technologies’ Enhanced Airport Vision Display (EAVD). The trial, which integrates the EAVD platform into NAV CANADA’s operational display suite, aims to demonstrate how certified video technology can increase levels of safety, efficiency and flexibility in air traffic services and aircraft operations.

Flight Service Specialists will benefit from increased situational awareness with a clear and real-time view of the airfield operating areas and surrounding airspace, which will support service enhancements such as the control of vehicles on the ground. This remote services trial builds upon past successes with Searidge Technologies, where installations in Red Deer, Kingston, Lethbridge, London, Vancouver and Winnipeg have leveraged camera technologies to enhance operations by providing air traffic services staff with the ability to see beyond line-of-sight obstacles.

The trial, which is anticipated to run until the fall, has received Transport Canada approval and will assess safety and efficiency benefits of the new service enhancements enabled through aviation-grade video capability.


SR Technics announces management buyout of Armac Systems

As part of the restructuring measures aiming to mainly focus on engine services, SR Technics has announced the management buyout of Armac Systems, the SR Technics subsidiary that has provided inventory optimization software and consulting services since its acquisition in 2014.

Over the past decade, the powerful inventory planning, decision support and optimization capabilities of Armac’s RIOsys software were developed and refined in close collaboration with SR Technics’ Component Services. As integrated component services is now ramping down, there is no longer a critical need for the services that Armac Systems provides to be retained as an in-house capability. In this regard, the launching of Armac Systems as a separate entity is part of a new company-wide strategy of SR Technics to build a focused engine services portfolio that meets customer needs on a dynamic market.

Micheál Armstrong and Mark Stacey, the heads of Armac Systems, have been strong supporters of the buyout, as has SR Technics Chief Executive Officer and Armac Systems board member Jean-Marc Lenz. With a platform that optimizes the supply chain right from demand forecasting through to provisioning and deployment, the company is well positioned to integrate with its customers current system landscape. Additionally, its proprietary software, RIOsys, will form a core component of the supply chain digital transformation complimenting new digital technologies such as predictive analytics and blockchain.


AvAir acquires Aerolíneas Argentinas complete surplus inventory

AvAir, the inventory solutions provider for the aviation aftermarket, has purchased the complete surplus inventory of Aerolíneas Argentinas, Argentina's largest airline and the country's flag carrier. The inventory consists of 45,000 line items of rotable and consumable material from Aerolíneas Argentinas retired fleets.

“The coronavirus pandemic disrupted the airline industry and has given us an opportunity to provide companies liquidity when they need it most,” said Mike Bianco, CEO of AvAir. “This acquisition is our largest yet and will allow us to continue to deliver excellent service to our more than 2,700 customers around the world.”

With this transaction, AvAir has added a wide range of Boeing and Airbus aircraft material to its inventory.

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