Daily2018-02-20
Follow-Us-Facebook
Follow Linkedin
Follow Twitter

LATEST NEWS

Wednesday, June 16th, 2021

brought to you by
SENTA_IO_FINAL

Five-year truce reached over Boeing-Airbus aid dispute

A five year truce has been negotiated between the U.S and EU concerning the 17-year spat over aircraft subsidies provided to Boeing and Airbus that were seen as unfair. As a consequence, many of the Trump-era retaliatory subsidies have also been suspended.

Since 2004 both planemakers have taken their case to the World Trade Organization (WTO) in which they have both argued that subsidies received by either company resulted in unfair competition against the other. In March this year a four-month suspension of tit-for-tat tariffs by both sides were suspended, which included those placed on EU cheese and wine, and U.S. tobacco and spirits. It is hoped that during the five-year suspension agreement, the two sides will reach an agreement on what support could be provided to either Boeing, Airbus, or other major aircraft manufacturers, and in particular that both sides would work to counteract investments made in aircraft production by “non-market actors”, specifically China.

"Grounding the Airbus-Boeing dispute delivers a major confidence boost for EU-U.S. relations," EU trade chief Valdis Dombrovskis told a news conference after an EU-U.S. summit with U.S. President Joe Biden. "The deal...includes a commitment for concrete joint collaboration to confront the threat from China's ambitions to build an aircraft sector on non-market practices," stated U.S. Trade Representative Katherine Tai. Both sides said they were confident the Airbus/Boeing dispute would indeed end within five years.

AFG_11

Flynas takes delivery of three Airbus A320neo aircraft from Jackson Square Aviation

Jackson Square Aviation (JSA) has closed a purchase and leaseback financing for Flynas, Saudi Arabia with delivery of three Airbus A320neo aircraft under long-term leases.

“We are excited to provide a comprehensive financing solution to Flynas with the delivery of these latest technology and fuel efficient A320neo aircraft and welcome the airline as our newest customer”, said Chris Dailey, JSA President and Chief Commercial Officer.

U.S. Navy receives first TH-73A training helicopter

Leonardo has delivered the first TH-73A training helicopter to the U.S. Navy, during a ceremony held at its Philadelphia, U.S.A. campus.

The TH-73A is based on the Instrument Flight Rules (IFR) variant of the commercial AW119Kx, certified as the only single engine helicopter in decades to meet current IFR requirements, allowing pilots to operate the aircraft safely in low visibility and challenging weather conditions, thanks to advanced avionics by Genesys Aerosystems and redundant helicopter flight systems.

The TH-73A is extremely flexible and can satisfy every training flight requirement, featuring an adjustable observer seat that provides a complete view of the cockpit, allowing for more effective learning, even when seated in the back.

At the beginning of 2020, Leonardo, through AgustaWestland Philadelphia, was awarded a contract for the production and delivery of 32 TH-73A helicopters, initial spares, support and dedicated equipment, and specific pilot and maintenance training service to be produced at Leonardo’s Philadelphia facility. In late 2020, the U.S. Department of Defense announced the decision to exercise the options for the production and delivery of 36 additional TH-73A aircraft, still to be produced at our site in Philadelphia. The total requirement is for 130 aircraft with delivery to continue through calendar year 2024.

GAT_111

JORAMCO and VD Gulf (UAE) sign framework agreement for cooperation

JORAMCO and VD Gulf (UAE) have signed a framework agreement on MRO cooperation. Under the agreement, both independent MROs aim to expand their existing capabilities, capacity and optimize their synergies for a one-stop-shop upscaled customer experience, in addition to encouraging and promoting sustainable development for both organizations.

Jeff Wilkinson, JORAMCO CEO commented, “We are excited to work hand in hand with VD Gulf to extend our support and commitment to our valued customers across the globe. This successful collaboration shows that JORAMCO and VD Gulf are both trusted MRO companies and will form the future of the MRO industry in the region to adapt to customers’ needs”.

Mikhail Khoroshaev, Executive President VDT & Accountable Manager VD Gulf said, “As we enter a new era following the COVID-19 pandemic, it is prudent that MROs across the globe endeavor to work jointly as witnessed in other industries. With their complimentary resources, such cooperation will open new frontiers globally for the two MROs.”

The agreement was signed by Wilkinson and Khoroshaev during the MRO Middle East 2021, the Gulf region's leading annual conference and exhibition for commercial aviation maintenance.

VINCI Airports welcomes easyJet’s new base at Faro airport and launches first in-airport solar plant in Portugal

VINCI Airports’ and easyJet have opened the carriers new base and the launch of Faro airport’s solar plant, the first in-airport solar plant in Portugal.

The base is a new illustration of VINCI Airports’ commitment towards Portugal and the Algarve region. Thanks to the €32.8 million modernization program it delivered at Faro airport, VINCI Airports has been strongly enhancing the airport’s attractiveness towards airlines and passengers, since the beginning of the concession. The airport has become a central element in Algarve’s tourism strategy and a key asset for the future, as Portugal is preparing for the recovery of tourism. The opening of this base, which is the result of a joint effort between easyJet, VINCI Airports and the Portuguese tourism authorities, will contribute to keep opening new routes in Faro.

VINCI Airports also gives new momentum to its partnership with the Algarve region by launching Faro airport’s solar plant. It will have a capacity of 3 MWp and will supply Faro airport with 30% of its electricity needs, generating an annual saving equivalent to more than 1,500 tons of CO2. The solar plant is financed, developed, built and will be operated by VINCI Airports through its photovoltaic subsidiary SunMind. It will be operational in 2022.

By choosing Faro as the first in-airport solar plant in Portugal, VINCI Airports takes a new step towards the realization of its environmental action plan in the Algarve region. Since the beginning of the concession, VINCI Airports has been activating partnerships with local environmental organizations such as the Center for Marine Sciences of the University of Algarve, to foster knowledge on the region’s fauna and flora. VINCI Airports has already achieved a -13% decrease in carbon emissions of the country’s airports network between 2018 and 2020.

The new solar plant in Faro is part of a global action plan deployed by VINCI Airports across all its 45 airports in 12 countries, with similar projects already deployed or in development in the Dominican Republic, Brazil, the UK, Serbia, Sweden, France and now Portugal.

ELF_12

AFG Aviation Ireland concludes acquisition of one Airbus A320-214 from ALAFCO

AFG Aviation Ireland, a wholly owned subsidiary of Aircraft Finance Germany GmbH, has completed the acquisition of one Airbus A320-214, bearing MSN 4484, from ALAFCO Aviation Lease Finance (Kuwait). AFG has placed the aircraft with Berniq Airways (Libya), which follows the delivery of MSN 4865 to the airline just last year.

Star Alliance, NEC and SITA paving the way to expand touchless journeys across member airlines

Frequent flyer program customers of Star Alliance member airlines will soon be able to use their biometric identity across any participating airline at any participating airport following a new agreement between the world’s largest airline alliance, NEC Corporation and SITA.

This latest agreement is aimed at accelerating the availability of biometric self-service touchpoints across Star Alliance’s member airlines while delivering a faster, touchless airport experience.

Connecting to SITA‘s Smart Path solution, the Star Alliance biometrics platform will be able to use SITA’s shared airport infrastructure already available in more than 460 airports. Together with SITA and NEC’s global presence, multiple biometric projects can be delivered in parallel, speeding up the availability of biometric passenger processing to Star Alliance’s member airlines globally. This will be vital in enabling Star Alliance to deploy biometrics faster.

A further advantage is the NEC I:Delight platform – which allows passengers who have opted to use the service to be identified quickly and with a high degree of accuracy, even on the move – can be easily integrated with SITA Smart Path. The I:Delight platform is also able to recognize passengers even when wearing a mask, an increasingly important feature for travel during the current pandemic. The platform is already in use by Star Alliance member airlines at several airports in Europe.

Uniquely, passengers using Star Alliance’s biometrics platform enroll only once. Passengers then can pass through biometrically enabled touchpoints across multiple member airlines and participating airports using just their face as their boarding pass. This speeds up the passage through the airport while making each step completely touchless, supporting important health and hygiene safety measures in times of COVID-19 and delivering on Star Alliance’s vision of a seamless customer experience.
AviTrader_Weekly_Headline_News_Cover_2021-06-14

click here to download the latest PDF edition

MRO-2021-05 cover

click here to download the latest PDF edition

click here to subscribe to our other free publications

AIRCRAFT & ENGINE MARKETPLACE

click here to view in PDF aircraft and engines available for sale and lease

Follow Twitter
Follow Linkedin
Follow-Us-Facebook
Interested in advertising with AviTrader?

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