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Wednesday, November 25th, 2020

Embraer eyes developing new turboprop as way forward after Boeing deal collapses

Brazil’s Embraer, the world’s third-largest commercial plane manufacturer, has announced it is exploring the possibility of developing a new turboprop aircraft. The initial announcement made it clear that its commercial unit is not for sale.

“We are actively in discussions with (turboprop) partnerships, but I can’t go into more details now,” Commercial Aviation Chief Executive Arjan Meijer said, adding “Also the type of partnership, be it industrial or financial, is wide open. We are looking at all the options, or it could be a combination of the two ... We are not ruling anyone out at this point.”

According to Reuters news agency, Meijer blamed a recent E2 order slump on buyers waiting for the Boeing deal, followed swiftly by the pandemic. Longer term, however, he saw the pandemic’s fallout boosting Embraer. The move looks to strengthen Embraer’s position in the sub-150-seat market and would be seen as a challenge to the popular European ATR turboprop aircraft which, prior to the global pandemic, had forecast a demand for 3,020 turboprops over the next 20 years, with a current market value of US$80 billion.

However, with a projected budget of around US$2 billion, some are viewing the direction Embraer is going in as counterintuitive to that being followed by others interested in exploring the short-haul and regional aircraft market with the development of electric- and hydrogen-powered aircraft.

SET_01

Singapore Airlines successfully raises S$500 million

Singapore Airlines (SIA) has successfully raised S$500 million via a private placement of new ten-year bonds. The offer was launched at an offer size of S$300 million in response to an initial expression of interest, and was increased to S$500 million after strong appetite was apparent from a select group of private investors. The ten-year bonds will carry a competitive coupon of 3.5% p.a. DBS Bank and United Overseas Bank acted as joint lead managers of the issue.

This issuance further strengthens the Company’s liquidity position, and the proceeds will be used for general purposes including refinancing of existing borrowings.

ROY_02

MTU Maintenance Zhuhai to establish additional facility in Jinwan district

MTU Maintenance Zhuhai, a joint venture between MTU Aero Engines and China Southern Airline Company limited, has announced plans to establish a second facility in the neighboring Jinwan district. The facility is to be called MTU Maintenance Zhuhai Co., Ltd. Jinwan Branch, will have an initial annual capacity of 250 shop visits and expects to enter operations in 2024. The purchase of a 150,000 m² plot of land has been agreed with local government and the project will now enter the detailed planning and construction stages.

MTU Maintenance Zhuhai Co., Ltd. Jinwan Branch will focus on Pratt & Whitney narrow-body engines, have its own 65,000 lbf test cell and, according to current estimates, a workforce of around 600 qualified employees. “Its close proximity to MTU Maintenance Zhuhai will enable significant knowledge transfer and synergies between the two facilities,” said Jaap Beijer, President and CEO of MTU Maintenance Zhuhai, who will be managing the two sites upon completion. The new facility will operate under MTU Maintenance Zhuhai and its licenses and approvals.

EIT_08

ANA to resume service and increase flights to select routes

All Nippon Airways (ANA) will temporarily change its flight frequency to select cities in Asia, Europe and North America. Based on changes to immigration guidelines, recently instituted public health quarantine measures and passenger demand, the company has adjusted its flight schedules from December to January for select routes.

ANA will continue to monitor local immigration restrictions and quarantine guidelines as well as demand trends and travel viability as it decides on the frequency of flights and when to resume certain routes. Furthermore, ANA will adhere to the standards and protocols established by the "ANA Care Promise," its initiative to provide a clean and hygienic environment at airports and onboard aircraft so customers can travel safely and comfortably.

Service for the Tokyo Narita - Shenzhen route will launch on Dec. 14. ANA will be the first Japanese airline to operate this route. In December, ANA will resume the Tokyo Narita - Phnom Penh route, and also increase the number of flights serving the Tokyo Narita - Singapore route, as well as the Hanoi to Tokyo Narita, Ho Chi Minh City to Tokyo Haneda, Ho Chi Minh City to Tokyo Narita and Yangon to Tokyo Narita routes.

In addition, ANA will operate the Tokyo Narita - Dusseldorf route to meet high demand during the year-end and New Year holiday season. Tentative flights will be operated for the San Francisco to Nagoya (Chubu) and the Houston to Nagoya (Chubu) routes in anticipation of increased demand for travel from North America to Nagoya (Chubu) and the surrounding Chubu region of Japan.

A total of 106 flights serving 10 routes will be affected from Dec. 1, 2020 to Jan. 31, 2021.

KEL_04

JSSI appoints Pascale Barhouch Business Development Director for Middle East and India

Jet Support Services (JSSI), an independent provider of maintenance support and financial services to the business aviation industry, has appointed Pascale Barhouch as Director of Business Development for the Middle East and India.

Barhouch brings more than 13 years of experience to JSSI from across the aviation and aerospace industries. At JSSI, she will be based in Dubai and responsible for managing strategic sales and support plans in the region.

Prior to joining JSSI, Barhouch held a variety of senior sales and marketing roles with ABJAD Group, Rizon Jet and, most recently, Gogo Business Aviation where she was responsible for product sales for aircraft communication and connectivity, satellite networks, and in-flight entertainment throughout the Middle East, Africa, Turkey, and Europe.

GAT_61

Korean Air's A220 fleet leads recovery in air travel in South Korea

Korean Air is using its A220 fleet to restore its regional and domestic passenger network and provide much-needed connectivity in South Korea, in turn providing a welcome boost to local economies.

“Korean Air has been operating ten A220s and these aircraft are used on our domestic and short-haul routes. Thanks to its more fuel-efficient engines, Korean Air’s GTF-powered A220s have lower operating cost, which enables us to utilize the fleet effectively,” said Lee Soo Keun, chief operating officer at Korean Air. “It’s important to us that we continue to support efforts that repatriate and reconnect people to their loved ones, while also sustaining the economy with the continued flow of goods and essential supplies.”

The airline offers A220 flights to and from several cities and airports in the country, including Seoul-Gimpo, Busan, Cheongju, Jeju and Ulsan.At Korean Air, the Airbus A220 aircraft and its Pratt & Whitney GTF engines are leading the recovery in air travel in South Korea, thanks to greater capacity and lower operating costs.

Korean Air flies the larger A220-300 aircraft, each with 140 economy seats in a 2-3 seating configuration. The aircraft is also renowned for its passenger comfort, including lower noise thanks in large part to the Pratt & Whitney GTF engine.
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Tamar Jorssen
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Email: tamar.jorssen@avitrader.com
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Tamar