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Thursday, January 7th, 2021

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Lack of potential demand sees Rolls-Royce put new UltraFan engine on hold

Rolls-Royce has announced that it will suspend its UltraFan geared-turbofan jet engine once the current testing phase is completed, which will be in 2022.

Over US$800 million has been invested in the program which began approaching seven years ago. The British engine maker has indicated that it is not scrapping the engine but will instead fire up the engine’s development once there is clear evidence that a new series of narrow-body commercial jets will be introduced. “We absolutely intend to . . . complete the phase we are in at the moment, which is to create and fully test our demonstrator,” CEO Warren East explained to the Financial Times. “But at that point, we will put the thing on ice. I can’t force airframe manufacturers to invent new airplanes and if there is no demand for them then there is no demand for the engines.”

The UltraFan and Advance engines were announced in 2014 as the successors to the Trent series of engines. The UltraFan was penciled in to be available from 2025, offering 25% greater fuel efficiency and approximately 25% lower fuel emissions than the Trent. Both Airbus and Boeing are Rolls-Royce’s most important customers, and both are suffering from the knock-on effects the COVID-19 pandemic has had on air travel that has seen the cancelation of orders for hundreds of aircraft and a massive reduction in the volume of aircraft and engine maintenance for existing jets.

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Skyworld Aviation celebrates 600 transactions with sale of two Avro RJ100s

Skyworld Aviation has ended 2020 with the sale of two Avro RJ 100 aircraft, serial numbers E3245 (SE-DSS) and 3248 (SE-DSU). This transaction marks its 600th aircraft placement.

SE-DSS and SE-DSU were sold to CFS Aero, a maintenance and repair facility with EASA Part 145 and FAA Part 145 approval, specializing in Honeywell ALF502 and LF507 engines.

CFS has recently purchased the OEM rights for these engines from Honeywell and has a large, dedicated team of Honeywell trained technicians and engineers, supporting a global network of 146 and Avro operators with all powerplant requirements, including a Honeywell engine program.

BBAM takes redelivery of first A321P2F

ST Engineering, Airbus and their joint venture, Elbe Flugzeugwerke (EFW) have redelivered an A321 passenger-to-freighter (P2F) aircraft to BBAM Limited Partnership (BBAM), a leading aircraft lease management company. This is the first A321P2F redelivery made to BBAM, with several more units to come as contracted with EFW. This first BBAM A321 converted freighter will be leased to British charter airline, Titan Airways.

The A321P2F is the first in its size category to offer containerized loading in both the main (up to 14 full container positions) and lower deck (up to 10 container positions). EFW’s A321P2F solution has a generous and proven gross payload of over 28 metric tons, with further upside potential in future conversions. The solution, which comes with optimized weight distribution to enable empty flights and random loading, accords high flexibility for operators, in particular express carriers. The fact that EFW’s program is the only OEM solution for A321P2F in the market also ensures lifecycle value, given its superiority in quality, reliability and ease of maintenance.

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Jet Parts Engineering acquires AeroSpares

Jet Parts Engineering (JPE), a PMA parts supplier, has announced the acquisition of AeroSpares. AeroSpares was founded in 1993 to provide airlines with alternate means of customer support, and focuses on reducing aircraft and engine direct and indirect costs with FAA approved replacement parts for a variety of large commercial aircraft.

The transaction was overseen by Vance Street Capital LLC, a middle-market private equity firm focused on investing in highly engineered solutions businesses across the aerospace and defense, industrial, and medical markets. JPE is a Vance Street Capital portfolio company.

Finnair traffic performance in December 2020

In December, Finnair carried 92,500 passengers, which was 92.0% less than in the corresponding period of 2019 but 8.8% more than in November 2020. The COVID-19 impact, including the exceptionally strict travel restrictions imposed by Finland, still affected all passenger traffic figures. It was visible especially in the North Atlantic figures (no scheduled flights in December).

Overall capacity (ASK) decreased in December by 90.1% year-on-year. Finnair operated 75 daily flights (cargo-only included) on average which was 21.5% compared to December 2019. The differences between capacity figures are explained by the shorter operated flights on average and by smaller operated aircraft compared to December 2019. Finnair's traffic (RPKs) decreased by 96.1%. The Passenger Load Factor (PLF) decreased by 47.1% points to 30.1%.

The ASK decline in Asian traffic was 89.5%. The North Atlantic capacity decreased by 100.0%. In European traffic, the ASKs were down by 91.3%. The ASKs in domestic traffic decreased by 73.8%.

RPKs decreased in Asian traffic by 98.3%, in North Atlantic traffic by 100.0%, in European traffic by 94.3% and in domestic traffic by 79.4%.

The PLF was 12.4% in Asian traffic but it was supported by the strong cargo operations and a high cargo load factor. The PLF was 50.0% in European traffic and 52.2% in domestic traffic, whereas there was no PLF figure in North Atlantic traffic due to zero passenger flights in December.

Passenger numbers decreased in Asian traffic by 98.3%, in North Atlantic traffic by 100.0%, in European traffic by 93.3% and in domestic traffic by 82.2%.

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New appointments of top business development and commercial executives at SR Technics

SR Technics has announced new appointments of top business development and commercial executives, reporting directly to Senior Vice President Caroline Vandedrinck.

David Settergren has started with SR Technics as Vice President Asia mid November 2020. A seasoned aviation professional, Settergren has over 25 years of experience in the Asia Pacific/Oceania region and had demonstrated success in both commercial and business jet sectors. While honing his expertise in areas like marketing, sales, contract negotiation, business development and customer management, he held a range of posts at GE Aviation, GECAS, AerSale and Global Jet Capital before founding and serving as CEO of DS Aviation Consulting.

Jay Aiken, who commenced his duties as Vice President Americas in January 2021, brings 30 years of experience in aircraft and engine aftermarket commercial MRO sales, leasing and maintenance. Before joining SR Technics, he held numerous roles of increasing responsibilities with Aero Capital Solutions, where he was responsible for sales and leasing in the Americas, and StandardAero, where he led the Americas engine MRO sales team. Prior to that, he held a range of posts at Delta Airlines including TechOps MRO sales, maintenance supervision, project management, flight operations and supply chain.

BOC Aviation reports full-year and fourth-quarter 2020 transactions

BOC Aviation has posted its operational transactions for the full year 2020, ended December 31, 2020.

At the end of 2020 BOC Aviation owned, managed and had on order a total fleet of 553 aircraft. The average aircraft age was 3.5 years and the average remaining lease term was 8.6 years for the 358 owned aircraft fleet, weighted by net book value. The company had an order book of 155 aircraft at the end of the year 2020.

BOC Aviation took delivery of 25 aircraft in the fourth quarter of 2020, and 54 in 2020 (including one acquired by an airline customer on delivery). The company signed 12 lease commitments and extensions in the fourth quarter of 2020, bringing the total for 2020 to 102. BOC Aviation sold two owned aircraft in the fourth quarter of 2020, which brought the total number of owned aircraft sold during the year to 12.

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