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LATEST NEWS

Monday, May 10th, 2021

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Rolls-Royce officially unveils Pearl 10X engine

Rolls-Royce has officially unveiled the Pearl® 10X, the third and most powerful member of its Pearl engine-family for the business aviation market. The engine has been optimized to exclusively power Dassault’s brand-new flagship aircraft, the Falcon 10X, which was revealed during a digital ceremony at Le Bourget airport in Paris on May 6.

The Pearl 10X is the newest member of the state-of-the-art Pearl engine-family and the first Rolls-Royce engine ever to power a business jet of the French airframer. Dassault’s selection of the Pearl 10X for its new top of range product is another testament to Rolls-Royce's position as the engine manufacturer of choice in business aviation.

The engine is being developed at the Rolls-Royce Center of Excellence for Business Aviation Engines in Dahlewitz, Germany, and is currently undergoing a comprehensive test program, which includes the capability to operate on 100% sustainable aviation fuels.

One of the new key features of the Pearl 10X will be 3D-printed combustor tiles, manufactured by an advanced additive layer manufacturing process. This pioneering technology, which supports the exceptional environmental performance of the engine, has been developed and extensively tested as part of Rolls-Royce's Advance2 program.

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IAG Cargo reports strong first-quarter revenues

IAG Cargo, the cargo arm of International Airlines Group (IAG) has reported its first-quarter financial results with cargo markets still impacted by the pandemic.

Revenues of €350 million were achieved from January 1 to March 31, 2021 an increase of 50% at constant currency versus the same period last year. Overall yield for the quarter was also up 106% at constant currency versus last year, while sold tons were down 20.9%.

Following the continued reduction in passenger belly-hold air freight supply due to COVID-19, IAG Cargo reported another strong quarter. Working with the Group’s airlines, IAG Cargo continued to support customers with charter services and a scheduled cargo-only program. Charter services supported the automotive and manufacturing sectors as supply chain disruption and increased demand resulted in a need for airfreight capacity. Charters also proved to be a popular solution for e-commerce customers as consumers continue to favour online shopping.

In March IAG Cargo’s ‘Critical’ service, a premium product for urgent and emergency shipments, experienced its strongest month with its highest ever booking volumes as demand increased for high priority shipments. There was real variety in these critical shipments with movements including ophthalmic instruments, aircraft parts and a generator from Sweden to Jamaica following multiple power outages on the island.

The business also focused on providing additional capacity on priority routes for customers adding wide-body aircraft to short-haul European routes that feed into its main hubs; London-Heathrow, Madrid-Barajas and Dublin Airport.

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Jet Aviation receives EASA STC for cabin installation methodology on Boeing 787

Jet Aviation has received a Supplemental Type Certificate (STC) from the European Union Aviation Safety Agency (EASA) for the methodology and analysis used by the completion center in certifying interior installations on Boeing 787 aircraft.

An EASA supplemental type certificate is issued by the European Union Aviation Safety Agency when the completion center has received approval to modify or add to the original design of the airframe, for example by installing a custom VVIP interior. With this STC, Jet Aviation is now able to apply methodologies and analysis that are pre-approved by EASA to streamline the certification process for cabin installations.

As part of the certification process, the completion center developed hardware, processes, data sets, and methods that standardize the assessment and approval approach, while allowing for complete customization of the cabin interior.

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Air Canada posts first-quarter 2021 net operating loss of CA$1.304 billion

For the second year running, Air Canada has posted a massive net first-quarter operating loss. This year the carrier has reported a CA$1.304 billion loss (CA$3.90 per diluted share) compared to a first-quarter operating loss of CA$1.049 billion (CA$4.00 per diluted share) in 2020.

In the first quarter of 2021, on a capacity reduction of 82%, operating expenses of CA$1.778 billion decreased CA $2.377 billion (57%) from the first quarter in 2020. First-quarter 2021 net cash flows used in operating activities of CA$888 million deteriorated by CA$868 million from the first quarter 2020 on lower operating results as a consequence of the continued impact of the COVID-19 pandemic and associated travel restrictions.

Net cash burn in the first quarter of 2021 stood at CA$1.274 billion, roughly CA$14 million per day, on average, which was below management expectations of between CA$15 to CA$17 million per day. Air Canada's net cash burn in the first quarter of 2021 included CA$2 million per day in net capital expenditures as well as CA$4 million per day in lease and debt service costs. A combination of higher than anticipated operating earnings, favourable timing on working capital, and deferred settlement of aircraft lease returns was responsible for the lower-than-anticipated cash burn. The carrier has projected a net cash burn of between CA$1.180 billion and CA$1.370 billion for the second quarter of 2021, which includes CA$2 million per day in capital expenditures, net of financing, and CA$5 million per day in lease and debt service costs.

Compared to the first quarter of 2021, the second quarter also includes approximately CA$1 million per day in higher scheduled debt principal repayments and an increase in end-of-lease payments due to more aircraft being returned to lessors. The net cash burn projection excludes the amount of anticipated eligible refunds of non-refundable fares being processed following to the alteration to Air Canada’s refund policy which was announced on April 12, 2021 for flights impacted by the COVID-19 pandemic.

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Qantas to base another five Embraer E190 jets in Adelaide

Adelaide will be the home of five Embraer E190 aircraft as Qantas continues to boost domestic flights in response to growing leisure and corporate travel demand.

The E190s are 94-seat jets with a five-hour range which are being deployed on Qantas’ network as part of a three-year deal with Alliance Airlines. The deal provides the national carrier with the capacity provided by up to 14 jet aircraft, depending on market conditions. This latest announcement brings the number of aircraft activated as part of the agreement to eight.

Basing these five aircraft in Adelaide will bring an additional 200 jobs to the state, including pilots, cabin crew and engineers recruited by Alliance.  It was secured with the support of the South Australian Government and Adelaide Airport.

The aircraft will be painted in QantasLink livery and will help Qantas to grow its domestic capacity to 107% of pre-COVID levels in FY22. 

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Aviator signs partnership agreement with new Norwegian airline Flyr

Aviator Airport Alliance, a full-range provider of aviation services at 15 airports across the Nordics and a family member of Avia Solutions Group, has signed a partnership agreement with new Norwegian airline Flyr for ground handling services.

Under the new partnership, Aviator Airport Alliance will provide Flyr with full passenger- and ramp-handling services, including de-icing, at all Norwegian airports where Aviator operates and Flyr has chosen as a destination: Bergen, Trondheim, Stavanger, Tromsø and Bodø.

Flyr will take its first flight in June 2021. The airline will firstly offer flights between major cities in Norway and chosen international destinations in southern Europe.
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Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
Phone: +1 (788) 213 8543
Tamar