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Wednesday, October 21st, 2020

5,900 jobs to go at Cathay Pacific – Cathay Dragon ceases all operations

As a result of the COVID-19 pandemic, Cathay Pacific has announced a corporate restructuring which will see a net job loss of approximately 5,900 employees and the axing of its wholly owned regional subsidiary, Cathay Dragon. The Group will be looking to obtain regulatory approval for Cathay Pacific and its other wholly owned subsidiary HK Express to operate the routes formerly covered by Cathay Dragon.

Approximately 5,300 employees will be made redundant in Hong Kong, while a further 600 jobs will go from outside Hong Kong. In total approximately 8,500 positions will go from the Group, roughly 24% of the workforce, though a recruitment freeze and natural attrition will see the number of forced redundancies drop to 5,900. Additionally, Hong Kong-based cabin and cockpit crew members of Cathay Pacific will be asked to agree to changes in their conditions of service which are designed to match remuneration more closely to productivity and to enhance market competitiveness.

Executive pay cuts will continue throughout 2021 and a third voluntary Special Leave Scheme for non-flying employees will be introduced for the first half of next year. There will be no salary increases for 2021 nor the payment of the annual discretionary bonus for 2020 across the board for all employees.

Cathay Pacific Chief Executive Officer Augustus Tang said: “The global pandemic continues to have a devastating impact on aviation and the hard truth is we must fundamentally restructure the Group to survive. We have to do this to protect as many jobs as possible and meet our responsibilities to the Hong Kong aviation hub and our customers. “Our immediate priority is to support those affected by today’s announcement. We are deeply saddened to part ways with our talented and respected colleagues, and I want to thank them for their hard work, achievements and dedication.”

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Embraer delivers seven commercial and 21 executive jets in the third quarter of 2020

Embraer has delivered a total of 28 jets in the third quarter of 2020, of which seven were commercial aircraft and 21 were executive jets (19 light and two large). As of September 30, the firm order backlog totaled US$15.1 billion.

During the third-quarter, Embraer Executive Jets reached the milestone of the 250th business jet in operation in Latin America with the delivery of a Phenom 100EV and a Phenom 300E to two separate Brazilian customers. In the same period, Embraer Executive Jets delivered the first Phenom 300E with the new Bossa Nova interior to Joe Howley, co-founder of Patient Airlift Services (PALS).

Also in the third quarter, Helvetic Airways signed a commitment to convert four of their remaining firm orders to the larger E195-E2 aircraft. The original order, for 12 E190-E2s with purchase rights for a further 12, and conversion rights to E195-E2, was announced in September 2018. Embraer has so far delivered five E190-E2s to Helvetic Airways, and all deliveries of the remaining seven aircraft, including the four E195-E2s, will be completed before the end of 2021.

In addition, during the period Bamboo Airways, from Vietnam, received and started operations with two first generation used E195 aircraft. 

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VALLAIR signs LoI with GlobalX to lease ten converted A321 freighters

VALLAIR has signed an LoI (Letter of Intent) with US-based Global Crossing Airlines (GlobalX) to lease ten converted A321 freighter aircraft. Vallair has been engaged in cargo conversions since 2015 and this ground-breaking agreement will see the Company take its pioneering A321 freighter program to the next level.

The first GlobalX A321 will be delivered by the third quarter of 2021. GlobalX expects all ten A321F aircraft to be delivered and in revenue operation by the second quarter of 2023.

The COVID-19 pandemic has seen a surge in market demand for air cargo as operators struggle to fulfill the ever-increasing requirements of e-commerce. The A321F is the ideal candidate to satisfy this need due to the availability of feedstock, with around 1100 aircraft manufactured, and younger technologies utilised by the aircraft resulting in a fuel efficient, environmentally friendly freighter variant. On average, Vallair expects operators to see a 20% reduction in fuel burn per payload.

Vallair signed its first LoI for the A321F in August 2019 with Qantas Freight and saw the maiden flight of its prototype A321F take to the skies in February 2020. The partnership with GlobalX will be a testament to Vallair’s expertise and experience, as a lessor and within the cargo conversion sector, with GlobalX’s commitment to expansion and progression as an ACMI leader especially in the U.S.


AJW Group purchases trio of Airbus A330 aircraft for teardown

AJW Group has purchased three Airbus A330-200 aircraft for teardown. The three ex-Thomas Cook U.K. aircraft, which were manufactured in 1999, are all powered by RB211 Trent 700 engines with GTCP331-350 Auxiliary Power Units.

The aircraft will be disassembled on-site at Manchester Airport. With nearly 90 years of experience at the forefront of the aircraft component supply industry AJW will manage the disassembly remotely coordinated by an experienced technical team and engine specialists, negating the need to ferry the aircraft to a teardown facility.

Once removed from the fuselage the A330 components will be recertified at AJW Group’s maintenance hub in Montreal (AJW Technique), OEMs and other strategic vendors. The inventory will be held at AJW Group’s headquarters in Sussex, England, as well as at strategic global hubs, ready for sale to support AJW Group’s ad-hoc and contracted airline customers.


Airbus selects EFW as early-adopter for aircraft cabins of the future

Elbe Flugzeugwerke GmbH (EFW) has been selected by Airbus as a Digital Design, Manufacturing and Services (DDMS) program early-adopter. In doing so EFW will actively engage, alongside Airbus in shaping the future of the aerospace industry.

DDMS provides an innovative set of processes, methods and tools to ensure effective collaboration, digital continuity and value creation along the width and breadth of the entire aircraft lifecycle. It holds the promise of faster and cost-effective design and production, better services and improved customer satisfaction.

EFW was selected by Airbus as an early adopter to work on innovations in the cabin domain. For over 25 years, EFW has been a reliable expert in lightweight components for the aircraft interior: from floor panels, to side panels, partition walls, bulletproof cockpit doors up to entire modules.


Sine Draco selects Ascent Aviation Services for A321-200 SDF passenger-to-freighter conversion

Sine Draco Aviation Development (Sine Draco) has selected Ascent Aviation Services in Tucson, Arizona, for modification and completion of its prototype A321 passenger-to-freighter conversion (A321-200 SDF) with FAA approval anticipated in late 2021/early 2022.

The Sine Draco A321-200 SDF passenger-to-freighter conversion offers the optimal economic solution for the next generation narrow-body freighter. Its design includes installation of a 142-inch-wide by 86-inch-high main deck cargo door, Class E main deck cargo compartment with fourteen 88-inch by 125-inch container positions. The lower cargo compartments can also accommodate ten containers, with the A321 being the first airplane type in the narrow-body freighter class with this capability.

Ascent Aviation Services will be performing the modification of the airplane by completing the touch labour, modification planning and inspection requirements. Ascent will also be completing a heavy check during the modification and providing maintenance support during the ground and flight test program following conversion.

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Tamar Jorssen
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Email: tamar.jorssen@avitrader.com
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