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LATEST NEWS

Wednesday, October 7th, 2020

Looming cash crisis could threaten up to 4.8 million aviation sector jobs

The International Air Transport Association (IATA) has warned that in the second half of 2020, airlines will burn through approximately US$77 billion in cash, while 2021 will see a likely continuance of a cash burn-through rate of between US$5 billion and US$6 billion per month.

The IATA is calling on governments worldwide to support the industry, but especially those in the northern hemisphere where the traditionally slower winter season looms. Whether in the form of tax relief including fuel taxes, corporate tax relief direct aid or wage subsidies, so far US$160 billion has been provided by governments across the globe.

“We are grateful for this support, which is aimed at ensuring that the air transport industry remains viable and ready to reconnect the economies and support millions of jobs in travel and tourism. But the crisis is deeper and longer than any of us could have imagined. And the initial support programs are running out. Today we must ring the alarm bell again. If these support programs are not replaced or extended, the consequences for an already hobbled industry will be dire,” said Alexandre de Juniac, IATA’s Director General and CEO. He also added that: “Increasing the cost of travel at this sensitive time will delay a return to travel and keep jobs at risk.”

According to the latest figures from the Air Transport Action Group, the severe downturn this year, combined with a slow recovery, threatens 4.8 million jobs across the entire aviation sector. Because each aviation job supports many more in the broader economy, the global impact is 46 million potential job losses and $1.8 trillion dollars of economic activity at risk.

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Airbus Corporate Jets wins first six ACJ TwoTwenty orders

Airbus Corporate Jets has won its first orders for the ACJ TwoTwenty totalling six aircraft following its launch. While Comlux has revealed an order for two aircraft, four further jets were ordered by undisclosed customers.

Entry into service of the first ACJ TwoTwenty by Comlux Aviation is targeted for early 2023.

The new ACJ TwoTwenty will feature a high end VIP cabin interior, supported by a flexible cabin catalogue, from which Comlux has selected the business and guest lounge as well as a private entertainment space and a private suite, including a bathroom.

CDB Aviation agrees to lease additional six A321neos to Wizz Air

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has announced an extension of the company’s relationship with Wizz Air, with an additional sale and leaseback transaction for a batch of six Airbus A321neo aircraft.

Wizz Air is expected to receive four A321neos in the fourth quarter of 2021, with the remaining two slated for the second quarter of 2022. The aircraft are powered by Pratt & Whitney GTF engines and similarly configured with the widest single-aisle cabin with 239 seats in a single-class layout.

The announcement comes on the heels of a recently executed agreement for four A321neos between the lessor and the carrier, bringing the total of the type under lease agreements to ten.

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Vallair strengthens Aerostructures & MRO Services management team

Vallair, the mature aircraft asset specialist and launch customer of the A321P2F freighter conversion, has appointed Steve Pike as Aerostructures & MRO Services Sales Manager. He will be based in Vallair’s EASA and FAA approved repair facility in Châteauroux, France.

Pike's role will be to act as the main interface with operators, lessors, aviation parts stockists and suppliers of aviation parts for all Vallair’s MRO services, but also specifically for Vallair’s Aerostructures workshop.

Vallair’s Châteauroux facility specializes in a wide range of composite and sheet metal repairs on a variety of aircraft structures and components. All specialist work meets regulatory standards and fulfils the requirements of the various airworthiness bodies. A dedicated field service team is on hand to support with any aircraft inspections or onsite repairs and modifications.

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Czech Airlines Technics expands aircraft parking and maintenance service range

Czech Airlines Technics (CSAT) has decided to join forces with FlyTech Aviation Services and expand the range of aircraft maintenance and parking services at several international airports in the Czech Republic and Slovakia.

The new business initiative targets a very interesting market segment, currently most intensively demanded by airlines, aircraft lessors and manufacturers. A package deal combining aircraft parking options with the provision of high-quality maintenance represents a significant competitive advantage. Thanks to the established cooperation and experience, both companies can reach out to more potential customers.

Both companies can secure for its clients short-term and long-term parking and additional aircraft maintenance services at Czech or Slovak international airports, which, thanks to their location, represent an ideal choice for European and also non-European customers alike.

Alongside Václav Havel Airport Prague, where the headquarters and hangars of Czech Airlines Technics are located, Košice International Airport, Leos Janacek Ostrava Airport, Airport Karlovy Vary and Brno Airport are included in the offer. In the event all parking spaces at the above-listed airports are fully booked, CSAT will negotiate the extension of the service to other airports. Parking will be offered for various types of aircraft, i.e. both narrow-body and wide-body. However, the particular dimensions of the aircraft and the features of parking spaces available at one of the airports at a given moment will always be a decisive factor.

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HEICO Repair Group is the world’s largest independent component MRO with capability for over 26,000 unique aircraft parts, servicing over 60,000 components annually. www.heico.com

Global Crossing Airlines selects TRAX eMRO

Global Crossing Airlines is an airline that is looking toward aviation’s rebound and has decided that now is the right time to launch a modern, efficient charter passenger and cargo airline catering to tour companies, other airlines, sports teams, and clients requiring 150-seat aircraft for transportation. Known as Global X, the operation is now being certified in the U.S. as a part 121 Flag carrier.

Starting with an Airbus A320-200 aircraft, the company plans to grow a fleet of 20 passenger A320s and 10 cargo A321s. It has just signed an agreement for the conversion of five A321 passenger aircraft to freighter and plans to acquire four A321s from a major European airline.

Global X recently combined its business with Canadian carrier Canada Jetlines and now includes them as a subsidiary alongside Global Ground Team. Part of their vision is to create a major base operation at Miami International Airport with an 80,000 ft² hangar complex, and a training center with full motion simulators and training devices.

Global X plans to re-launch Canada Jetlines with scheduled services from Canada’s Toronto Pearson and Montreal Trudeau to leisure destinations in the Caribbean and its second hub at Atlantic City, New Jersey.

With its ambitious plans to expand over time, Global X selected the TRAX eMRO solution to put itself in a strong position for productivity and continued growth.

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Finnair flies to 51 destinations in Europe and Asia in the winter

Finnair has trimmed its flight schedule for the winter season in line with customer demand, while planning to boost frequencies during spring 2021. The update comes as the airline responds to a temporary softening of demand in the market due to widespread travel restrictions.

From October 25, 2020, to March 31, 2021, Finnair will serve 45 domestic and European destinations with reduced weekly frequencies on almost all routes.

Finnair’s long-haul flights will focus on Tokyo, Seoul, Hong Kong, Shanghai, Nanjing and Bangkok, which are also important cargo destinations. On the Bangkok route, Finnair flies passengers only on the BKK-HEL leg. Finnair will also continue cargo-only flights to Singapore and New York.

From November 2020 to March 2021, Finnair is now scheduled to operate approximately 75 flights per day and will continue to review its traffic program based on estimated demand, as the changing travel restrictions continue to impact demand for air travel. In 2019, Finnair flew about 350 flights a day and had more than 100 destinations in Europe, Asia and North America.

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Russi Batliwala appointed Chapman Freeborn Group Chairman

Global aircraft charter specialist Chapman Freeborn, part of the Avia Solutions Group, has appointed long-serving Russi Batliwala as its new chairman and welcomed back Eric Erbacher to replace him as CEO.

Batliwala, one of the most well-known faces in the aircraft charter industry, began his journey with the company as a trainee aviation broker 33 years ago and has overseen an exciting period of growth and expansion since becoming CEO in 2009.

Eric Erbacher, who arrives from Cargolux Airlines where he was Director Charter Services & ACMI, previously spent three years working for Chapman Freeborn as Regional Director Asia and returns with a remit to continue the company’s growth strategy.

The appointments come at an exciting time for the business, which was acquired by Avia Solutions Group, in October 2019.

Chapman Freeborn recently added German-based Arcus Air Logistics and Arcus Air OBC from the Arcus Air Group to its portfolio and increased its fleet of B747s with its UK-based Magma Aviation. The Chapman Freeborn Group offering includes freighter aircraft, passenger aircraft charter, private jet charter, on-board courier and specialist equine and animal transportation.
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Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
Phone: +1 (788) 213 8543
Tamar