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Thursday, November 26th, 2020

CAE to buy TRU Simulation + Training in second acquisition this month

Established in 2014 through the merger of Mechtronix and OPNICUS with part of the Textron Systems division, the Textron subsidiary TRU Simulation + Training (TRY Canada) is to sell certain of its non-U.S. businesses to CAE Inc. for US$40 million excluding post-closing adjustments and subject to regulatory approval.

TRU Canada is a Canadian-American manufacturer of flight simulators and training solutions for civil and military markets and the deal includes a backlog of simulator orders, full-flight simulator assets, its Montreal manufacturing operations, its ETOPS entities in France and Malaysia, and a minority interest in a joint venture in Iceland.

This is CAE’s second announced acquisition within the last two weeks, demonstrating the Company’s commitment to deploying the capital it is raising to strengthen the Company’s position across its markets. The acquisition is aligned with CAE’s strategic priorities and meets the strict financial parameters it has in place and should be be accretive to earnings in its first full year.

“We look forward to integrating the TRU Canada business within CAE. This acquisition demonstrates our ability to bolster our position and expand our addressable market and our global customer base during this unprecedented period of disruption. Along with the recently announced FSC acquisition, we have been able to make investments that are expected to better enable CAE to meet the global demands of our customers in support of their training and simulation needs,” said Marc Parent, CAE’s President and Chief Executive Officer.

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Routes and ACI World sign exclusive partnership to support industry in rebuilding air connectivity

An exclusive partnership designed to help airports recover from the most challenging period the aviation industry has ever faced has been signed by Routes and Airports Council International (ACI) World.

The formal agreement between the two organizations will provide platforms and guidance for airports at a world level, recognizing the vital role they will play in driving economic recovery in a post-pandemic era.

The coming together of Routes, the organizer of the world’s leading route development forums, and ACI World, the association that advances the interests and acts as the collective voice for the world’s airports respectively, demonstrates how the recovery of the aviation industry will have its foundation in collaboration.

ACI World estimates the airport industry will suffer a 60% reduction in revenues in 2020 as a result of COVID-19, amounting to a decline of more than US$100 billion. The complex challenge presented by the pandemic has therefore forced airports and airlines to be reactive, meaning that planning for summer 2021—what will be the industry’s most important season—will be critical for both the short- and long-term recovery.

The partnership forged at a global level between Routes and ACI World will support the world’s airports in planning for this season, ensuring they continue to provide the economic and social benefits to the local, national and global communities that they serve.

ACI World Director General Luis Felipe de Oliveira said: “The partnership we have forged with Routes will help move the industry forward down the path of recovery. Aviation is an interdependent and interconnected industry and partnerships like this will be crucial in supporting a globally-consistent recovery. We look forward to working with Routes during the recovery process and beyond in support of airports and the wider aviation ecosystem.”

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Swissport grows its presence in Saudi Arabia

Swissport International has added Al-Qassim to its growing network in the Middle East. Last week, a first flight of Pakistan International Airlines has been handled successfully at Prince Naïf Bin Abdulaziz International Airport (ELQ) in Central Saudi Arabia.

With the handling of a first Pakistan International Airlines flight arriving from Multan, Pakistan, Swissport has added Al-Qassim International Airport, Saudi Arabia, to its growing network in the Middle East. The global leader for airport ground services and air cargo handling offers passenger and ramp services to the Pakistani flag carrier.

Initially, Swissport will handle one weekly flight each to Multan and Islamabad operated with an Airbus 320 aircraft. These volumes are planned to grow as international flights are returning to Saudi Arabia.

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Hawaiian Airlines brings pre-travel testing to Los Angeles, Las Vegas, Portland and Seattle

Hawaiian Airlines is offering drive-through and walk-up COVID-19 pre-flight tests for its guests traveling to the islands from Los Angeles, Las Vegas, Portland and Seattle. Guests who test within 72 hours of their flight and receive a negative result prior to departure will be exempt from the state of Hawai‘i quarantine.

Hawaiian’s guests in the Los Angeles area have exclusive access to the carrier’s newest testing site that opened today in Culver City, its second location in partnership with Worksite Labs. Hawaiian began offering the $90 shallow nasal swab tests – with results provided within 36 hours – last month near San Francisco International Airport. It will open its third site tomorrow across from the Main Street Casino Brewery Hotel in Las Vegas.

The airline’s guests departing from McCarran International Airport can also receive testing from University Medical Center of Southern Nevada (UMC) at the Las Vegas Convention Center, the UMC Advanced Center for Health or any of UMC’s nine Quick Care locations. Meanwhile, Hawaiian has joined with US BioTek to offer nasal swab and saliva tests in Portland and three Seattle locations, including Shoreline, Redmond and Tacoma.

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b2b-aero and ePlane to form global strategic partnership focused on accelerating digital transformation

ePlane and b2b-aero have entered into a strategic partnership, offering ePlane's innovative AI-driven Trading and Insights platform with b2b-aero’s most widely used MRO-Tracker solution.

With technology playing an increasingly critical role in every aspect of a business, global companies are continually seeking to improve their manual day-to-day operations and data-exchange communications with flexible, innovative, and often customized solutions. This new partnership will provide companies with more options to plan, report, and analyze, leveraging their business and trading opportunities.

"This partnership between the two industry-leading service providers - ePlane and b2b-aero - is a great opportunity and will drive the digital transformation process in the MRO industry," said Michael Harms, b2b-aero CEO. "By making our services available to the ePlane community and vice versa, we will bring significant, additional value to existing ePlane and b2b-aero customers. We are looking forward to announcing new business process improvement solutions as soon as possible."

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Mesa Air Group enters new contract with American Airlines to operate 40 CRJ-900s

Mesa Air Group has finalized a new contract, which replaces the previous agreement with American Airlines, to operate 40 CRJ-900s for a five-year term beginning January 1, 2021 through December 31, 2025. Under the previous contract 30 CRJ-900 aircraft were set to expire in 2021 with an additional 17 expiring in 2022.

“I want to express my appreciation to the American Eagle team leaders who worked with us on this new contract,” said Jonathan Ornstein, Chairman and Chief Executive Officer of Mesa Air Group. “This new contract will position Mesa for long term stability and improved performance on our American operation. This year has been difficult for our entire industry, but I’m thankful that despite the obstacles, American has chosen to continue its long-standing relationship with Mesa.”

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JetBlue completes historic first trade on ACE platform

International Air Transport Association (IATA) has launched the Aviation Carbon Exchange (ACE), an important new tool to help airlines meet their climate commitments.

ACE is the first centralized, real-time marketplace that is integrated with the IATA Clearing House (ICH) for the settlement of funds on trades in carbon offsets. IATA’s Clearing House ensures that ACE can offer a seamless and secure settlement system which guarantees payment and delivery of the carbon credits. JetBlue Airways is the first airline that made the historic transaction in the ACE platform. It purchased credits in the first phase of the Larimar wind farm project in the Dominican Republic which began development in 2015. When the entire project is completed it will reduce average emissions by more than 200,000 tons of CO2 per year.

“Our planet is physically changing, as are the expectations of our customers, crew, members and investors,” said Robin Hayes, CEO of JetBlue and Chair of the IATA Board of Governors, noting the importance of addressing the climate change challenge.

“Airlines are serious in their commitment to reduce emissions. And they need a reliable tool to access quality carbon credits in real time. ACE will be a key tool helping airlines efficiently manage these important transactions,” said Alexandre de Juniac, IATA’s Director General and CEO.
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