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Wednesday, January 20th, 2021

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IATA pushes for COVID vaccine passport to facilitate inter-Europe travel

The International Air Transport Association (IATA) is encouraging member EU states to get behind a proposal from Greek Prime Minister Kyriakos Mitsotakis for the creation of a COVID-19 passport for those who have been vaccinated against the coronavirus, enabling them to travel throughout Europe without having to be repeatedly tested for COVID-19.

On the back of Mitsotakis’ proposal, IATA Director General and CEO Alexandre de Juniac has sent an open letter to Ursula von der Leyen, President of the European Commission, which was also copied to key policy-makers across the EU. In the letter, de Juniac said: ”Prime Minister Mitsotakis’ initiative should be urgently adopted by the Commission and all member states. Vaccination is a fundamental key to safely reopening borders and stimulating economic recovery. A pan-European mutually recognized vaccination certificate would be an important step towards giving governments the confidence to safely open their borders, and passengers the confidence to fly without the barrier of quarantine.”

The Greek proposal is for a harmonized vaccination certificate that could contribute “to the re-establishment of mobility on a global scale, which is the foundation for re-establishing economic activity to pre-crisis levels.” “We are in very dark days of this pandemic. But the tough measures taken combined with accelerating vaccination programs must give us hope that we can safely re-establish the freedom of movement. That will save jobs, ease mental anguish, re-connect families and revive the economy. To do this safely and efficiently, planning is key. Prime Minister Mitsotakis’s proposal for vaccine certificates will be a key enabler. Progress on eliminating or reducing quarantines can be made with testing protocols. But what we need now is for governments to start working together much more effectively. Unilateral government actions were able to quickly dismantle global connectivity. Re-building will need coordination,” de Juniac concluded.


SkyWorks reports fourth-quarter 2020 activities

SkyWorks Holdings' leasing and asset management activities during the fourth quarter of 2020 included the sale of two A320 aircraft on behalf of a Middle Eastern-based leasing company (on lease to British Airways), to an Ireland-based lessor.

On behalf of a U.S.-based financial institution, SkyWorks has managed the lease return of two DHC8-300s from Jazz Aviation and the subsequent sale to a U.S. investor. Futhermore, on behalf of a U.S.-based investor, SkyWorks arranged the sale of one A300F4-605R aircraft and on behalf of a U.S.-based financial institution SkyWorks managed the lease return of one 767-300ER aircraft previously operated by Air Canada. A sistership is scheduled for return in February 2021 and the aircraft are currently offered for sale.

Under amended agreement Iberia now pays €500 million for Air Europa

International Airlines Group (IAG) and Globalia have amended the original agreement announced on November 4, 2019 (the Original Agreement) under which IAG's subsidiary Iberia has agreed to acquire the entire issued share capital of Air Europa (the Amendment Agreement).

Under the terms of the Amendment Agreement, the parties have agreed that the amount to be paid by Iberia for Air Europa will be reduced from an equity value of €1 billion to €500 million with payment deferred until the sixth anniversary of the acquisition’s completion.

The revised terms in the Amendment Agreement are conditional on the satisfactory negotiation between Iberia and Sociedad Estatal de Participaciones Industriales (SEPI) regarding the non-financial terms associated with the financial support provided by SEPI to Air Europa during 2020. Iberia intends to begin discussions with SEPI shortly concerning these conditions.

Assuming satisfaction of all conditions of the Amendment Agreement and the Acquisition, completion is expected to take place in the second half of 2021. The Acquisition is still subject to approval by the European Commission.

SRT_09 (2020-10-05)

AP&M Holdings acquires Turbine Controls & Excitation Group

AP&M Holdings have acquired Turbine Controls & Excitation Group (TC&E).  TC&E is a global, full-service Power Generation Controls and Excitation company specializing in gas turbine, steam turbine, and generator control systems.  TC&E will merge with AP&M’s aeroderivative service team to form the AP4 Energy Services division led by TC&E’s John Downing.

Now with one call to AP4 Energy Services, a customer can coordinate the full range of field services, acquire parts and component repairs of their aeroderivative and heavy-duty gas turbine generator and steam turbine power plants.  This very experienced service team expands the company’s technical service offering and field service solutions.  Both AP&M and TC&E customers will experience enhanced access to technical services, product upgrades, spare parts, and component repairs.

Honeywell, Curtiss-Wright receive EASA certification for 25-hour cockpit recorder

The 25-hour Cockpit Voice Recorder (CVR) developed by Honeywell and Curtiss-Wright for the air transport market, has received European Aviation Safety Agency (EASA) Technical Standard Order (TSO) certification. The new Honeywell Connected Recorder-25 meets and exceeds the requirements of the upcoming 2021 EASA minimum 25-hour cockpit voice recording mandate for aircraft weighing over 27,000 kilograms.

“The importance of reliable cockpit voice and flight data recorders cannot be overstated. That’s why we are working alongside Curtiss-Wright to design and develop the next generation of recorders that leverages our full hardware and software expertise to meet the 25-hour requirement, and identify the right information and make it available to accident investigation agencies when it’s most needed,” said Amanda King, vice president and general manager, Aerospace Connected Secure Solutions, Honeywell Connected Enterprise. “With the new regulatory requirement, we saw an opportunity to evolve our recorder technology to not only meet the conditions of governing agencies, but also make this product more powerful and better connected, providing aircraft operators with another source of data collection that can be used to improve aircraft maintenance and performance.”

Developed for customers that require Class 6 cockpit voice recorders, the CVR is ideal for both new installations and retrofit applications. It weighs less than 9.5 pounds (4.3 kilograms) and includes a 90-day underwater locator beacon. The recorder weighs substantially less than early-generation, rack-based, solid-state recorder alternatives, which helps significantly reduce fuel costs.


Lessor BBAM orders six firm 737-800 Boeing Converted Freighters and six options

Boeing and BBAM have announced that the lessor is expanding its 737-800 Boeing Converted Freighter fleet with six firm orders and six options. The agreement brings BBAM’s 737-800BCF orders and commitments to 15 and highlights the continued strength of the e-commerce and express cargo market.

Based on the Next-Generation 737, the 737-800BCF is meeting customer demand for a newer-generation freighter that offers higher reliability and lower fuel consumption and operating costs per trip. Primarily used to carry express cargo on domestic or short-haul routes, the airplane is capable of carrying up to 23.9 tons (52,800 pounds) and flying up to 2,025 nautical miles (3,750 kilometers). Since entering service in 2018, the 737-800BCF has won more than 150 orders and commitments.

BBAM currently has more than US$28 billion of assets under management and employs over 150 professionals at its U.S. headquarters in San Francisco, and in additional offices in Tokyo, Singapore, Zurich, Dublin and Santiago.

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