Friday, March 30th, 2018



Laudamotion and Ryanair fly off the starting grid in new partnership

It has been announced that as from June this year, the Laudamotion-Ryanair collaboration will see 21 aircraft flying out of nine airports in Germany, Austria and Switzerland. This has come hot on the heels of the news that Ryanair had taken an initial 24.9% stake in the newly formed Austrian carrier that had risen from the ashes of Niki, the troubled offshoot of the now defunct airBerlin, the airline originally founded by Niki Lauda, the former F1 world champion racing driver. Subject to EU Competition Authority approval, it is the intention of Ryanair to eventually hold a 75% stake in Laudamotion.

Laudamotion is based in Vienna, Austria, with Lauda as the chairman of the board and responsible for establishing the business as an Austrian low-fare airline catering for the scheduled and charter market. Just 25 days after taking over Niki, Laudamotion’s inaugural flight took place on March 1, from Dusseldorf airport.

Laudamotion currently has a fleet of ten aircraft, plus a further six planes taken on a wet-lease and supplied by Ryanair. The Irish carrier will also be providing financial and management support as the new airline aims, from June, to complete a summer flying program of 65 routes based on 21 aircraft.

Four aircraft will be based in Vienna with flights to Palma de Majorca increasing up to three a day. Four Laudamotion aircraft will be based in Berlin Tegel, six in Dusseldorf, one each in Cologne, Frankfurt, Munich, Nuremberg and Stuttgart, with two in Zurich.

Laudamotion’s new Berlin Tegel base will open on June 1, offering low fare routes to 17 destinations including Barcelona, Heraklion, Palma, Rhodes and Tenerife. There are also plans for a winter city shuttle service with up to three more aircraft based in Vienna.


Singapore Airlines unveils new regional cabin products

Singapore Airlines (SIA) has unveiled the next generation of regional cabin products, fitted on its new Boeing 787-10 fleet, which will redefine travel on flights up to eight hours.

The new cabin products feature fully-flat beds and direct aisle access for all Business Class customers, ergonomically-designed contour backrests with six-way adjustable headrests in Economy Class, and personalised in-flight entertainment (IFE) experience for all customers through myKrisWorld.

They were unveiled for the first time on March 28, at a launch event in Singapore. The launch followed the arrival of the world’s first 787-10 from Boeing’s production facility in North Charleston, South Carolina.

The new 787-10s are configured with 337 seats in two classes, featuring 36 Business Class seats and 301 Economy Class seats.

SIA is investing US$350m in the introduction of the new regional cabin products on an initial 20 787-10s.

SIA is the first and largest customer for the 787-10, with firm orders for 49 of the type. The Airline also has a firm order with Boeing for 20 777-9s, which are due for delivery from the 2021/22 financial year.

Osaka and Perth will be the first scheduled destinations to be served by the new 787-10s, from May 2018. Prior to the launch of these regular services, the aircraft will be operated on selected flights to Bangkok and Kuala Lumpur for crew training purposes.


Delta and Korean Air to launch joint venture partnership

Delta Air Lines and Korean Air will launch a new joint venture partnership that will offer customers world-class travel benefits across one of the most comprehensive route networks in the trans-Pacific market.

The joint venture has now been approved by regulatory authorities in the U.S. and Korea, including the U.S. Department of Transportation and the Korean Ministry of Land, Infrastructure and Transport.

“This is an exciting time for customers of both Delta and Korean Air as we launch our trans-Pacific partnership,” said Delta CEO Ed Bastian. “Our expanded partnership means a host of new destinations and travel options across Asia and North America, with seamless connectivity, world-class reliability and the industry’s best customer service.”

The expansive combined network formed by this partnership gives Delta and Korean Air’s shared customers seamless access to more than 290 destinations in the Americas and more than 80 in Asia.

The airlines will work closely together to bring customers the full benefits of the partnership, including joint growth in the trans-Pacific market, optimized schedules, a more seamless customer experience, improved loyalty program benefits, integrated IT systems, joint sales and marketing activities, and co-location at key hubs.


Universal Asset Management acquires Airbus A340-600 airframe from AerCap

Universal Asset Management (UAM) has acquired an Airbus A340-600 (MSN 736) from AerCap for disassembly and component support. The Airbus A340-600 airframe, previously operated by Virgin Atlantic, landed at UAM’s Aircraft Disassembly Center (ADC) in Tupelo, Mississippi. It will be disassembled onsite to support UAM’s global aviation customer base.

“UAM is especially proud of the acquisition of this newer generation Airbus aircraft,” states Michael Kenney, Senior Vice President of Global Sales for UAM. “The addition to our fleet of aircraft for disassembly provides additional inventory support to UAM’s key airline, OEM and MRO Airbus customers. UAM is committed to continuously seeking opportunities to purchase aircraft that support our clients’ specific requirements.”


Lion Group finalizes US$5.5bn LEAP-1A engine order

Transportation Partners, the leasing arm of Lion Group and CFM International finalized an order for 380 LEAP-1A engines to power Airbus A320neo/A321neo aircraft. The final engine order, which is valued at US$5.5bn at list price was originally announced in February 2016, while the aircraft order was announced in March 2013.

In addition to the LEAP-1A engines, Lion Group has also ordered 544 LEAP-1B engines to power its Boeing 737 MAX 8, MAX 9, and MAX 10 aircraft, of which 10 are currently in service with Lion Air. With a fleet of 924 LEAP engines at a total value of US$13.4bn at list price in service or on order, Lion Group is the largest LEAP engine customer in the world.

This latest agreement also includes an extension of the 25-year Material Service Agreement (MSA) for CFM56-7B, CFM56-5B, and LEAP-1B engines originally signed in 2014 and expands its scope to include the LEAP-1A engine.

CFM will also provide MRO services to Lion Group’s CFM56 and LEAP engines till their own shop, Batam Aero Technic (BAT) in Batam, Indonesia, is completed. CFM has been supporting the development of Lion Group’s new engine maintenance and test cell facility since 2016, providing project management and expert advice starting from design, construction and commissioning for the new facility. When completed, BAT will have maintenance and overhaul capability for both CFM56 and LEAP engines. CFM will provide CFM56 and LEAP engine overhaul training with knowledge transfer that supports the development of highly-qualified local engine MRO specialists.




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The Road Ahead for Asset Management 2018
April 18, 2018 – Gibson Hotel, Dublin, Ireland

Technical Aspects of a Leased Asset 2018
June 5, 2018 – Jury’s Inn Hotel, Prague

Maintenance Reserves Seminar 2018
June 6, 2018 – Jury’s Inn Hotel, Prague

Engine Leasing Seminar
September 18, 2018 – Copthorne Tara Hotel, Kensington, London, UK

Transactional Support & Risk Management Seminar, London
September 19, 2018 – Copthorne Tara Hotel, Kensington, London, UK

Aircraft Economic Life Summit 2018
November 20, 2018 – Gibson Hotel, Dublin, Ireland
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