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Friday, October 9th, 2020

easyJet looks to government for bespoke aid package for airline industry

easyJet’s CEO Johan Lundgren has openly turned to the U.K. government to provide a tailor-made package to help the airline industry recover from the catastrophic effects of the COVID-19 pandemic on air travel.

The low-cost carrier is set to post its first-ever operating loss and is on target to lose between £815 million and £845 million by year end. Despite having carried nine million passengers between July and September, this was only 38% of its planned pre-pandemic capacity and it still managed to burn through £700 million in that period.

Since the pandemic began, easyJet has raised over $2.4 billion in cash, including a £600 loan from the U.K. Treasury and the Bank of England emergency coronavirus fund. Lundgren has made it clear that the company had taken decisive action to minimize its losses and would continue to regularly review its liquidity position and would “continue to assess further funding opportunities, including sale and lease backs, should the need arise.”

“At the beginning of this year, no one could have imagined the impact the pandemic has had on the industry,” he said. “EasyJet came into this crisis in a very strong position thanks to its strong balance sheet and consistent profitability. This year will be the first time in its history that easyJet has ever made a full-year loss.”

easyJet will be looking to shed some 30% of its workforce and close its bases at Stanstead, Southend and Newcastle airports. The carrier had previously looked for decisive action from the government to help all carriers by lifting air passenger duty for at least a year. ($1.00 = US$1.29 at time of publication.)

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ACH130 Aston Martin Edition helicopter wins orders on three continents

Customers on three continents have signed firm contracts for the ACH130 Aston Martin Edition helicopter since its launch earlier this year.

The helicopter, one of the most distinctive sights in the skies, will enter service in Latin America, North America and Asia Pacific over the coming months.

Launched in January, the ACH130 Aston Martin Edition is a stylish special version of the ACH130 featuring a range of interior and exterior designs created by Aston Martin to delight helicopter owners who appreciate the thrill of piloting and the pleasure of driving luxury sports cars.

The first example of this exceptional model in Asia Pacific has been ordered by an existing Airbus customer in New Zealand. It will be used privately as well as on VIP charter operations.

In Latin America the ACH130 Aston Martin Edition has just entered service with an undisclosed VIP customer in Guatemala.

Most recently another undisclosed private customer in Canada has ordered the third example which will be completed by skilled craftsmen and women in the UK, where Airbus manages and engineers this Edition, and finally delivered from the Airbus Customer Centre in Fort Erie, Canada.

PRC_03

AerCap signs financing transactions for approximately US$2.2 billion in third-quarter 2020

AerCap has reported its major business transactions for the third quarter 2020. The comanpy has signed financing transactions for approximately US$2.2 billion and signed lease agreements for 28 aircraft, including three wide-body aircraft and 25 narrow-body aircraft. 

During the third quarter AirCap purchased nine new aircraft, including eight Airbus A320neo Family aircraft and one Boeing 787-9 aircraft. The company executed sale transactions for seven owned aircraft, including two Airbus A320 Family aircraft, one Boeing 737NG, one Boeing 747, two Boeing 767s and one Boeing 777-200ER aircraft.

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S7 Technics carries out complex work on dismantling the keel of a cargo Boeing 737

S7 Technics has carried out complex work on dismantling the keel of a cargo Boeing 737 aircraft in the framework of C-check. Until 2012, the aircraft flew as passenger aircraft and was then converted into a cargo aircraft and transferred to ATRAN airlines.

Aeronautical Engineering (AEI) developed the STC (Supplemental Type Certificate), an additional type certificate that confirms that a modification of a typical aircraft design meets aviation requirements.

During the C-check maintenance of the cargo Boeing 737, part of the elements of the power structure of the aircraft was replaced – the longitudinal and transverse floor beams of the main cargo deck. S7 Technics logistics specialists were tasked with finding and delivering elements in a special modification for the converted aircraft on time.

S7 Technics specialists carried out a complex work on dismantling the aircraft's keel to replace the front left attachment point. Four specialists of the engineering center, 18 aircraft technicians, two lifts and a special crane were involved in the process.

Upon completion of all work, the pilots of ATRAN airlines performed a test flight from Domodedovo airport to Vnukovo.

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Routes and Wizz Air Abu Dhabi announce strategic partnership

Wizz Air Abu Dhabi and Routes have signed an exclusive strategic partnership to help identify new destinations to add to Wizz Air Abu Dhabi’s network.

Routes’ digital platform, Route Exchange, is continuing to play an important role in the recovery of the aviation industry, as airlines and airports around the world look to rebuild their networks and stimulate economic growth. Wizz Air Abu Dhabi has launched its first Request for Proposals (RFP) via the Route Exchange platform to identify new routes to add to its initial network.

Wizz Air is one of the fastest growing and greenest European low-cost airlines. With a current fleet of 132 aircraft, the carrier currently operates over 900 routes to 164 airports in 46 countries. In December 2019, it was announced that the carrier would be setting up a new subsidiary, based at Abu Dhabi International Airport. Wizz Air Abu Dhabi was jointly established by Wizz Air and ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

SRT_09 (2020-10-05)

ZIPAIR selects Panasonic Avionics for inflight connectivity

ZIPAIR, the new Japanese middle-long haul carrier, has selected Panasonic Avionics Corporation (Panasonic) to provide inflight connectivity (IFC) solutions for its Boeing 787-8 aircraft.

ZIPAIR’s B787s will be fitted with Panasonic’s inflight Wi-Fi service. Panasonic’s next generation connectivity enables a host of connectivity benefits, from fast internet to video streaming, all powered by its new satellite modem featuring bandwidth up to twenty times greater than previously available.

The announcement marks the beginning of Panasonic’s relationship with ZIPAIR, the new Japanese low-cost carrier which is a 100% subsidiary of Japan Airlines.
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Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
Phone: +1 (788) 213 8543
Tamar