Daily2018-02-20
Follow-Us-Facebook
Follow Linkedin
Follow Twitter

LATEST NEWS

Tuesday, December 8th, 2020

IATA confirms air cargo continued to recover in October, but at a slower pace

The International Air Transport Association (IATA) has released data for the month of October which reveals that demand for air freight cargo continues, though at a slower rate of recovery than was seen in September.

Figures remain appreciably below those for October 2019. Global demand, measured in cargo tonne-kilometers (CTKs*), was 6.2% below previous-year levels in October (-7.5% for international operations). That is an improvement from the 7.8% year-on-year drop recorded in September. However, the pace of recovery in October was slower than in September with month-on-month demand growing 4.1% (1.1% for international.)

Global capacity, measured in available cargo tonne-kilometers (ACTKs), shrank by 22.6% in October (‑24.8% for international operations) compared to the previous year. Strong regional variations continue with North American and African carriers reporting year-on-year gains in demand (+6.2% and +2.2% respectively), while all other regions remained in negative territory compared to a year earlier.

Global goods trade continued to trend upwards in recent months, according to the World Trade Organization. The uptick will not be sufficient to avoid a full-year decline of 9.2% compared to 2019. Much of this ground, however, will be regained in 2021 with an expectation of 7.2% annual growth.

“Demand for air cargo is coming back—a trend we see continuing into the fourth quarter. The biggest problem for air cargo is the lack of capacity as much of the passenger fleet remains grounded. The end of the year is always peak season for air cargo. That will likely be exaggerated with shoppers relying on e-commerce—80% of which is delivered by air. So the capacity crunch from the grounded aircraft will hit particularly hard in the closing months of 2020. And the situation will become even more critical as we search for capacity for the impending vaccine deliveries,” said Alexandre de Juniac, IATA's Director General and CEO.

AFG_08 (5)

NAC delivers one De Havilland Dash 8-400 on lease to Link PNG

Nordic Aviation Capital (NAC) has confirmed it has delivered one De Havilland Dash 8-400, MSN 4184, to Link PNG on lease. The aircraft was originally scheduled to deliver in 2019, however, due to the impact of COVID-19 on travel restrictions the delivery was postponed. The improving conditions and easing of restrictions in Papua New Guinea have allowed for the delivery to take place this month. MSN 4184 is the final aircraft to deliver as part of a two aircraft transaction.

Link PNG is a regional carrier based at Port Moresby Jacksons International Airport. The carrier is a subsidiary of Air Niugini, established as part of the airlines' restructure. Link PNG operates on a separate air operator's certificate, serving provincial and district routes across Papua New Guinea. The carrier operates with turboprop aircraft.

Norwegian initiates reorganization process in Norway

Following Norwegian being made subject to the examinership process in Ireland on December 7, the company now wants to enter into a supplementary Norwegian reconstruction process.

“We will now concentrate on working towards our goal of reducing company debt, reducing the size of our aircraft fleet, and ensuring that we are a company that investors will find attractive. We will be ready to meet the competition for customers after the COVID-19 pandemic,” said Norwegian CEO Jacob Schram.

Norwegian filed for the Irish Examinership on November 18. The processes will not have an impact on the current business. The company will continue to operate its route network. Both its bonds and shares will continue to trade as normal on the Oslo Stock Exchange. As earlier stated, Norwegian Reward will continue as normal honouring and earning CashPoints for its members.

SRT_10

Deutsche Aircraft to shape future of aviation as D328eco™ aircraft accelerates transition to zero emissions aircraft

Deutsche Aircraft, the new purpose-driven German aircraft Original Equipment Manufacturer (OEM), has unveiled plans to develop the D328eco, a game-changing platform that will align the future of aviation towards a zero-emission flight objective. 

Deutsche Aircraft is built on the heritage and expertise of 328 Support Services GmbH, the Type certificate holder of the Dornier 328 aircraft (D328®). Together with participation of the German Government, Deutsche Aircraft will lead the way in a new era of clean aviation through the development of the D328eco platform, a more efficient, cost-effective and environmentally friendly aircraft.

The D328eco will offer an alternative, eco-efficient solution within the sub-50-seat regional commuter and multi-role aircraft markets, which the OEM plans to introduce by 2025. State-of-the-art flight deck design and capabilities offered by the latest avionics’ suite will target future single pilot operation for greater operational efficiency. Pratt & Whitney PW127S engines and a SAF (Sustainable Aviation Fuel) compatible airframe, set the stage for the D328eco to change the way the world flies while reducing our carbon footprint. The stand-up and new cabin design will offer increased comfort and compliance with the latest health and safety requirements.

In line with Deutsche Aircraft’s sustainability objectives, REACH compliant manufacturing processes will be adopted in a new state-of-the-art, Industry 4.0, paperless Final Assembly Line (FAL) in Leipzig, Germany. The project is anticipated to boost local economies throughout its supply chain, in addition to generating indirect jobs in supporting industries.

PRW_05

Rolls-Royce and Infosys announce strategic partnership for aerospace engineering in India

Rolls-Royce and Infosys, a global leader in next-generation digital services and consulting, signed a strategic partnership for sourcing engineering and R&D services for Rolls-Royce’s Civil Aerospace business. As part of the overall partnership, Rolls-Royce will transition a significant part of its engineering center capabilities for Civil Aerospace in Bengaluru to Infosys.

Leveraging its expertise in core engineering services, digital transformation capabilities, and Rolls-Royce's product knowledge acquired through the partnership, Infosys will provide a full range of high-end engineering and R&D services integrated with advanced digital service to Rolls-Royce.

Over the past decade, Rolls-Royce established a multidisciplinary engineering centre in Bengaluru, and this has been an integral part of Rolls-Royce Engineering and R&D services. The center covers a mix of engineering capabilities spanning the full range of sub-functions and specialisms in R&D. Going forward, Rolls-Royce will continue these complex engineering activities in India in partnership with Infosys.

WER_01

Honeywell appoints EPCOR global licensed repair shop for 331-350 series APUs

Honeywell has appointed EPCOR (European Pneumatic Component Overhaul and Repair) as the global and sole licensed repair shop for its 331-350 series Auxiliary Power Units (APUs). EPCOR is a fully owned subsidiary of Air France Industries KLM Engineering & Maintenance, part of the Air France KLM Group, responsible for repair and overhaul activity for APU and mechanical components.

EPCOR will be the global and sole Honeywell licensed repair shop for the 331-350 Series APUs, providing inspection, repair, overhaul and upgrades. These APUs are installed on the Airbus 330 and Airbus 340 fleets. The company will serve customers worldwide from its state-of-the-art facility in Amsterdam.

Honeywell’s appointment of EPCOR is an expansion of an existing relationship. The company is one of Honeywell’s oldest channel partners and has been its main APU partner in Europe, Middle East, Africa and India region, having repair capabilities for Honeywell’s 331 and 131 Series APUs.

ELF_10

easyJet appoints Sophie Dekkers as new Chief Commercial Officer

easyJet has appointed Sophie Dekkers as its new Chief Commercial Officer. Dekkers has been with easyJet since 2007 in a variety of roles, most recently as Customer Director. During her time at the airline she has looked after the commercial performance of the U.K. market as U.K. Country Director as well as having performed roles such as Director of Scheduling and Head of Business.

Dekkers will be responsible for network and planning, scheduling, commercial and digital. Her appointment follows the resignation of Robert Carey and she will take over with immediate effect.

Thomas Haagensen, Group Markets Director will take over Carey’s responsibilities for the marketing and customer teams as the airline’s Group Marketing and Markets Director.
AviTrader_Weekly_Headline_News_Cover_2020-12-07

click here to download the latest PDF edition

MRO-2020-11 cover

click here to download the latest PDF edition

click here to subscribe to our other free publications

AIRCRAFT & ENGINE MARKETPLACE

click here to view in PDF aircraft and engines available for sale and lease

Follow Twitter
Follow Linkedin
Follow-Us-Facebook
Interested in advertising with AviTrader?

Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
Phone: +1 (788) 213 8543
Tamar