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Friday, January 29th, 2021

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Lilium and Ferrovial sign framework agreement to create ten-plus Florida vertiport network

Lilium, an aviation company developing an all-electric, vertical take-off and landing (eVTOL) jet aircraft, and Ferrovial, a global leading infrastructure operator, have signed a framework agreement for the creation of a minimum ten-vertiport network covering locations across Florida.

Vertiports provide infrastructure for landing and taking off with passengers, plus recharging as part of an alternative, environmentally friendly transport network. The Lilium Jet will connect regions in new, sustainable, and more convenient ways. The efficient and ultra-low noise electric jet engines enable the Lilium Jet to operate in densely populated urban areas and cover longer distances at high-speed with zero operating emissions.

According to Dr. Remo Gerber, Chief Operating Officer, Lilium:  “Nearly all 20 million Floridians will live within 30 minutes of our vertiports and the 140 million annual visitors to the Sunshine State will have a high-speed option available to travel to their destinations.”

Commenting on the partnership, Daniel Wiegand, Chief Executive Officer and Co-founder, Lilium said: “Our partnership with Ferrovial to develop flight infrastructure, is a critical step in delivering the potential of regional air mobility to provide high speed, affordable, emissions-free travel to millions of people. As we accelerate our launch plans, Lilium is committed to partnering with industry leaders, bringing together their strengths and experience with our aircraft technology and passenger service infrastructure. We’re excited about what we will achieve together.” The location of the first vertiport will be announced in Spring 2021.

Southwest Airlines ends 2020 with net loss of US$3.1 billion

Southwest Airlines' fourth-quarter 2020 total operating revenues decreased 64.9%, year-over-year, to US$2.0 billion, as a result of continued negative impacts to passenger demand and bookings due to the pandemic. Fourth quarter 2020 operating revenue per ASM (RASM, or unit revenues) was 8.48 cents, a decrease of 40.8%, primarily driven by a load factor decline of 29.3 points and a passenger revenue yield decrease of 18.7%, year-over-year. The company posted a fourth-quarter net loss of US$908 million.

Annual 2020 total operating revenues decreased 59.7%, year-over-year, to US$9.0 billion. Annual 2020 RASM was 8.75 cents, a decrease of 38.6%, primarily driven by a load factor decrease of 31.1 points and a passenger revenue yield decrease of 10.6%, year-over-year. The company ended the full year 2020 with a net loss of US$3.1 billion and with liquidity of US$14.3 billion, well in excess of debt outstanding.

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Satair and Honeywell Aerospace sign multi-year distribution agreement for commercial aviation aftermarket

Satair and Honeywell Aerospace have signed a multi-year commercial agreement covering the exclusive worldwide distribution for mechanical and air thermal components for use on Airbus A320, A330, A340, and A380 aircraft. Additionally, the distribution agreement covers the A350 platform on a non-exclusive basis.

This new agreement expands upon a long-standing and successful business relationship between the two companies in the business jet market, and represents Satair’s and Honeywell’s first joint advancement into the global commercial aviation aftermarket.

Honeywell's range of electronic and electro-pneumatic systems for air and thermal management deliver highly reliable and efficient operations with lower total costs of ownership for aircraft operators. These lightweight systems monitor and control cabin temperature and airflow in the cockpit, passenger, and cargo areas and provide cooling for avionics. They also manage the aircraft's engine bleed air systems and pneumatic de-icing systems.

Anthony Florian, Vice President, EMEAI, Honeywell Aerospace: “Honeywell’s appointment of Satair is an expansion of our existing strong relationship. We already have two other agreements with Satair - a distributor agreement for the ADSB-Out Upgrade Pilot Program, and a non-exclusive worldwide distributor agreement for Honeywell’s JetWave satellite communications products. This partnership will serve to further strengthen our relationship.”

Rex shareholders endorse PAG investment deal

Rex shareholders have endorsed the airline’s investment deal with PAG to fund its domestic operations, starting on March 1. Shareholders voted to approve the deal at Rex’s Annual General Meeting on January 29.

Under the deal, PAG Regulus Holdings will fund up to AU$150 million to be used exclusively to support the launch and operation of Rex’s domestic services. A first tranche of AU$50 million will be disbursed within two weeks. The funding comprises first ranking senior secured convertible notes.

Since announcing last June its intention to launch domestic services, Rex has gained a high-capacity Air Operator’s Certificate for Boeing 737 jet operations, leased six Boeing 737-800NG aircraft and prepared the aircraft in Rex livery. Furthermore, Rex recruited highly qualified pilots and cabin crew.


Air Peace takes delivery of first Embraer E2 jet

Air Peace, Nigeria and West Africa’s largest airline, has taken delivery of its first E195-E2 aircraft on January 27. The aircraft is now due to fly from Embraer’s facility in São José dos Campos to join the Air Peace fleet in Nigeria.

Air Peace is the launch customer in Africa for the E2 aircraft and also the global launch customer for Embraer’s innovative premium staggered seating design.

The jet delivered is the first of 13 firm E195-E2 orders, with 17 remaining purchase rights, as announced in March 2019, and updated with three further firm orders from purchase rights announced at the Dubai Air Show in November 2019. The total value of the deal, with all purchase rights exercised is US$2.2 billion. The aircraft are configured in a comfortable dual class arrangement with 124 seats. 

U.K. travel bans extended as United Arab Emirates, Burundi and Rwanda added to red list

The U.K. government has taken the decision to ban travel to the U.K. from the United Arab Emirates (UAE), Burundi and Rwanda to prevent the spread of the new variant originally identified in South Africa into the U.K.

From 1pm on Friday January 29, passengers who have been in or transited through the United Arab Emirates, Burundi and Rwanda in the last 10 days will no longer be granted access to the U.K.

This does not include British and Irish nationals, or third-country nationals with residence rights in the U.K., who will be able to enter the U.K. but are required to self-isolate for ten days at home, along with their household. There will also be a flight ban on direct passenger flights from the UAE.

The decision to ban travel from these destinations follows the discovery of a new coronavirus variant first identified in South Africa, that may have spread to other countries, including the UAE, Burundi and Rwanda.

Any exemptions usually in place will not apply, including for business travel.

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Tamar Jorssen
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Email: tamar.jorssen@avitrader.com
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