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Wednesday, January 6th, 2021

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Ryanair and Wizz Air strip U.K. shareholders of certain rights after Brexit

In order to comply with EU regulations for European-operated airlines, both Ryanair and Wizz Air have barred U.K nationals from buying shares in either airline and have both reclassed shares owned by U.K. nationals prior to January 1, 2021 as “restricted shares” where these shareholders “shall not be entitled to attend, speak or vote at any general meeting of the company.”

However, existing U.K. shareholders have not been asked to sell their shares, though the Ryanair Board has the power to require a sell-down of shares by non-EU shareholders. When they do decide to sell them, U.K. shareholders shares will only be able to be bought by a national of a Member European state.

“These resolutions will remain in place until the Board of the Company determines that the ownership and control of the company is no longer such that there is any risk to the airline licenses held by the Company's subsidiaries pursuant to EU Regulation 1008/2008,” Ryanair said.

London-listed Hungarian airline Wizz Air made a similar move recently after stating “that if it did not take action, around 80% of its shares would be held by non-EU citizens as the U.K. leaves the EU.” The move from the two airlines enables them to operate within European ownership regulations, which state: “To fly between two EU countries, airlines must be directly or indirectly majority-owned and effectively controlled by EU citizens or those of some other EU-affiliated countries, such as Norway and Switzerland.”


AerCap signed financing transactions for approximately US$8.3 billion in 2020

AerCap Holdings N.V. (AerCap) has announced its major business transactions during the full year and fourth quarter 2020:

During the full year 2020 AerCap has signed financing transactions for approximately US$8.3 billion. The company signed lease agreements for 97 aircraft, purchased 36 new aircraft and executed sale transactions for 46 aircraft.

During the fourth quarter of 2020 AirCap has signed financing transactions for approximately US$2.8 billion. The company signed lease agreements for 31 aircraft, including nine wide-body aircraft and 22 narrow-body aircraft. AirCap purchased 18 aircraft, including 12 Airbus A320neo Family aircraft, one Boeing 787-9 and five Embraer E2s and executed sale transactions for 12 aircraft, including two Airbus A320 Family aircraft, two Boeing 737NGs, two Boeing 737 Classics, two Boeing 757s, three Boeing 767-300ERs and one Boeing 777-300 from AerCap’s owned portfolio.

Delta finalizes partnership with high-speed Wi-Fi provider Viasat

Delta has finalized a partnership with high-speed Wi-Fi provider Viasat and took steps to launch the Delta-developed Wi-Fi access portal – a user interface that enhances how you interact with Wi-Fi.

Adding Viasat’s next-generation satellite technology (Ka- Band) to the fleet gives the airline more options to modernize how customers stay connected and enjoy content during travel.

Glenn Latta, Managing Director – In-Flight Entertainment & Wi-Fi: "We can’t wait to bring Viasat technology onboard, which is currently planned for this summer. It is no secret that bringing a brand-new Wi-Fi system onboard our aircraft will take time – the process from approvals to testing to implementation often takes several months.

We are starting with our new delivery A321ceo, 737-900ER and select 757-200 aircraft. That is over 300 mainline narrow-body aircraft, with opportunities for additional aircraft in the future. The portal will be rolled out in tandem with new installations of the Viasat system, with the goal of offering the unified and consistent experience across all Viasat Wi-Fi enabled aircraft.

To meet our long-term goals, we will work closely with multiple Wi-Fi suppliers, including both Gogo and Viasat. Working with multiple partners means we can pair the right technology with the right fleet. We want to ensure customers always have access to Wi-Fi when available."


Honeywell, Sichuan Airlines ink deal on Auxiliary Power Units

Sichuan Airlines has selected Honeywell’s 131-9A auxiliary power units (APU) for its 93 new A320 aircraft that will enter service by 2025. The airline will also replace the APUs on its 141 existing A320 aircraft with the same Honeywell APU.

This is the largest APU retrofit deal in Honeywell’s history. The 131-9A APU will help Sichuan Airlines reduce flight delays and cancellations, creating a more pleasant flying experience for passengers.

An APU is a critical piece of aircraft equipment that provides electrical power and air conditioning while the plane is on the ground. It helps ensure passenger comfort and supplies the air source before a pilot is ready to start the main engines. The 131-9A is known for its reliability and lower maintenance costs over the course of its entire life cycle, resulting in significant fuel savings each year.

Amazon purchases 11 aircraft from Delta and WestJet

Amazon made its first-ever purchase of Boeing 767-300 aircraft, expanding its fleet to continue to serve customers. The purchase includes 11 aircraft, which will join the network by 2022. Amazon Air’s fleet expansion comes at a time when customers are relying on fast, free shipping more than ever.

“Our goal is to continue delivering for customers across the U.S. in the way that they expect from Amazon, and purchasing our own aircraft is a natural next step toward that goal,” said Sarah Rhoads, Vice President of Amazon Global Air. “Having a mix of both leased and owned aircraft in our growing fleet allows us to better manage our operations, which, in turn, helps us to keep pace with meeting our customer promises.”

Since Amazon Air’s launch in 2016, Amazon has invested hundreds of millions of dollars and created thousands of new jobs at Amazon Air locations across the U.S. In 2020, Amazon Air announced its purchase of six million gallons of sustainable aviation fuel and has already invested in cutting-edge electric ground service equipment and solar rooftop panels planned at some facilities.


GE awarded new contract for additional T408 turboshaft engines

GE Aviation has been awarded a US$111.9 million contract with NAVAIR for fourth lot T408 engines to power the U.S. Marine Corps' most advanced heavy-lift helicopter, the Sikorsky CH-53K King Stallion.

This latest contract of Low Rate Initial Production (LRIP) engines follows three previous LRIP contracts for this program, the most recent being in August 2019. GE Aviation’s Lynn, Mass., plant will perform final assembly for the Lot 4 engines.

Aeropeople wins multi-million-pound deal with Virgin Atlantic

Aeropeople Engineering Services, part of Aeropeople, has won a three-year multi-million-pound contract with Virgin Atlantic Airways that will see it manage cabin interior maintenance, repair and refurbishment across the airline’s entire global fleet.

The deal will see Aeropeople establish a team of around 80 people based at Heathrow where they will work in partnership with interiors service provider Cabinair, part of the SA Group, to provide an end-to-end service for the airline across its Boeing 787 and Airbus A330/A350 aircraft.

APOC Aviation opens new warehouse facility in Singapore

As part of the on-going strategic plan to expand its global footprint, APOC Aviation, the innovative leasing, trading, aircraft component and part-out specialist, has announced the opening of its first facility outside Europe.  The new APOC base in Singapore will hold stock of modern A320 family and B737 components, providing the local market with faster access to their stock of spares inventory.

Karim Grinate, Vice President – Component Sales at APOC Aviation comments “An Asia Pacific base means our stock is in place ready to serve the region as Asian operators get their fleets flying again. We believe that through regional deployment, operating in local languages and within the same time zone, we can deliver the fastest and most efficient service to our customers.”

“Singapore is the ideal strategic trading position to allow us to maximise opportunities as they present themselves. But we are also looking closely at developments in China and Hong Kong as we consider another Asian warehouse location. In terms of regulations and the USM market, China in particular is working to match standards with Europe and the US” adds Grinate. “This presents us with a good opportunity to sell our newer aircraft parts across the region. A new US hub is also planned for the first quarter of 2021.”

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Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
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