Wednesday, October 30th, 2019

IndiGo signs for 300 A320neos – brings total Airbus order to 730 aircraft

With the signing of its latest order for a combined total of 300 A320neo, A321neo and A321XLR Airbus aircraft announced October 29, InterGlobe Aviation Limited (IndiGo) has now taken its total orders for the A320 Family aircraft to 730 since it took delivery of its first A320neo in March 2016, while currently having an operating fleet of 97 A320neos.

“This order is an important milestone, as it reiterates our mission of strengthening air connectivity in India, which will in turn boost economic growth and mobility. India is expected to continue with its strong aviation growth and we are well on our way to build the world’s best air transportation system, to serve more customers and deliver on our promise of providing low fares and a courteous, hassle free experience to them," said Ronojoy Dutta, Chief Executive Officer of IndiGo.

“We are pleased to partner yet again with Airbus for our next batch of Airbus A320neo Family aircraft. The fuel-efficient A320neo family aircraft will allow IndiGo to maintain its strong focus on lowering operating costs and delivering fuel efficiency with high standards of reliability. The choice of engine manufacturer for this order will be made at a later date,” said Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer of IndiGo. Founded in 2005, IndiGo is an Indian low-cost carrier which holds an approximate 45 percent share in the domestic market, flying to 60 domestic and 22 international destinations with it’s primary hub located at Indira Gandhi International Airport, Delhi.


Qatar Airways and Sky Express sign interline agreement

Qatar Airways has signed an interline agreement with Sky Express, with immediate effect. This agreement will enable Greek passengers outside of Athens to travel seamlessly between Greece and Doha and onwards to destinations in Asia, the Middle East and Australasia.

Qatar Airways’ passengers will benefit from access to 24 exciting new destinations in Greece including Santorini, Crete, Corfu and many other destinations on Sky Express’s domestic network.

Qatar Airways has been operating to Athens since June 2005, and in 2015 increased its service to the Greek capital from twice daily to three times daily to meet growing demand. In 2018, the airline added Thessaloniki and Mykonos as its second and third gateways to the idyllic Mediterranean nation.

ANA Holdings reports financial results for the six-months ended Sept. 30, 2019

ANA Holding (ANA HD) has reported operating revenue of 1,055.9 billion yen, up 1.7% when compared to the same period in 2018, while operating income was 78.8 billion yen, down 25% due to an increase in operating expenses. Ordinary income was 81.5 billion yen, down 20.8%. Net income attributable to owners of the parent decreased 23.0% year-on-year to 56.7 billion yen.

Outlook for the FY2019 (April 2019 - March 2020)

When reviewing the first half of the fiscal year, operating revenue increased by 17.9 billion yen year-on-year, but fell short from the company's plan due to decline in cargo demand mainly due to US-China trade issues and a slowdown in business demand in international passenger services. ANA HD forecasts that this trend will continue in the second half of the fiscal year alongside intensifying competition in the LCC business.

Taking these factors into consideration, the forecast for FY2019 operating revenue is 2,090.0 billion yen, 60.0 billion yen lower than the initial forecast. Under these circumstances, ANA HD has decided to also adjust the forecast and decrease operating income to 140.0 billion yen, ordinary income to 137.0 billion yen, and net income attributable to owners to the parent to 94.0 billion yen.


Air Astana extends PBH contract with AJW Group

AJW Group, the independent specialist in the global management of aircraft spares, has extended its power-by-the-hour (PBH) contract with Air Astana.

AJW has provided its PBH support to Air Astana, the flag carrier of Kazakhstan, on an ongoing basis since 2006. The extension to the contract sees AJW continue to provide support for the airline’s Boeing aircraft.

In addition to PBH support, AJW is providing a lease package to Air Astana which will give the carrier immediate access to high priority aircraft parts.

CAE and Loganair renew pilot training agreement and launch new graduate pilot program

CAE has launched the Loganair Graduate Pilot Program and has signed a new three-year pilot training contract with Loganair. The announcement was made during the 2019 European Aviation Training Symposium (EATS).

"The launch of Loganair’s Graduate Pilot Program is a great opportunity for aspiring professional airline pilots" said Maurice Boyle, Chief Operations Officer at Loganair. “Quality training is
extremely important for Loganair and we are setting up this program to further build on our strong foundation of service excellence and aviation safety. Through our partnership with CAE, we are giving pilots access to the highest standard of training from the very beginning of their flying career.”


Inflite The Jet Centre to house Embraer executive jets’ European demo fleet

Inflite The Jet Centre, part of the Inflite group of companies, has announced that its London Stansted Airport FBO will become the new European home of Embraer’s business jet demo fleet. With immediate effect, Inflite will look after the manufacturer’s demo fleet, including both Phenom and Legacy demonstrators (and eventually the new Praetor 500 and 600), under dedicated terms, inclusive of handling, maintenance and hangarage.

Inflite will oversee the full preparation of the demo fleet, including aircraft detailing, cleaning and
presentation. Inflite Head of Customer Service Alan Barnes will be overseeing the integration of the Embraer fleet into The Jet Centre’s care and will manage the interaction with the Embraer EMEA Sales Team, as well as Embraer’s Flight Operations Department, which is based in Melbourne, Florida.

The Embraer Executive Jet Sales team in EMEA, headed by Peter Griffith and recently bolstered with the appointment of UK-based Craig Lammiman as Sales Director, Northern Europe, has a dedicated office at Inflite.

Elix Aviation Capital delivers one Dash 8-202 to Field Aviation Company

Elix Aviation Capital has delivered one Dash 8-202, MSN 529, under a purchase by Field Aviation Company, headquartered in Mississauga Canada. This aircraft will undergo extensive modifications for onward sale to a third party.


ATR appoints Eric Segura as SVP Procurement and Supply Chain

Eric Segura has been nominated SVP Procurement and Supply Chain of ATR, the regional aircraft manufacturer. Starting November 1, 2019, he will be reporting to the CEO, Stefano Bortoli and joins the ATR Executive Committee.

Segura will be succeeding David Brigante, who was nominated SVP Programmes and Customer Services earlier in the year. With more than 30 years in key positions within the Airbus group, Segura brings additional, comprehensive knowledge of the global aviation ecosystem to ATR.

Aergo Capital announces acquisition and placement of an ATR-72 600 with Afrijet Airlines

Aergo Capital (Aergo) has acquired one 2015 vintage ATR-72 600. The aircraft was delivered under an operating lease to Afrijet Airlines based in Gabon.

The aircraft, bearing a manufacturer serial number 1285, is the fourth aircraft the Irish based lessor has placed with Afrijet.  Following this transaction, Aergo’s owned and managed fleet stands at 49 aircraft.

Air Canada posts third-quarter net income of CA$636 million

Air Canada has reported third quarter 2019 EBITDA (earnings before interest, taxes, depreciation, amortization and impairment) of CA$1.472 billion compared to third quarter 2018 EBITDA of CA$1.351 billion, an increase of CA$121 million or 9%. The airline reported third quarter 2019 operating income of CA$956 million compared to third quarter 2018 operating income of CA$923 million. 

On a capacity reduction of 2.1%, third quarter system passenger revenues of CA$5.164 billion increased CA$146 million or 2.9% from the same quarter in 2018. The increase in system passenger revenues was driven by a yield improvement of 4.8%, partly offset by a traffic decrease of 1.8%. System yield in the third quarter of 2019 improved due to the constrained capacity resulting from the grounding of the Boeing 737 MAX aircraft as well as a generally improved pricing environment, mainly in North America. The yield increases also included additional revenues from Aeroplan flight redemptions and other revenues subsequent to the Aeroplan acquisition on January 10, 2019. 

Air Canada's third quarter EBITDA of CA$1.472 billion was 9% higher than the third quarter of 2018, and better than the increase of approximately 5% projected in Air Canada's news release dated July 30, 2019. This better than expected EBITDA performance was primarily driven by a lower fuel price per litre than what Air Canada had previously assumed in its guidance.

Third quarter 2019 net income amounted to CA$636 million compared to third quarter 2018 net income of CA$702 million. The third quarter of 2019 included foreign exchange gains of CA$27 million while the third quarter of 2018 included foreign exchange gains of CA$145 million. Air Canada reported adjusted net income of CA$613 million in the third quarter of 2019 compared to adjusted net income of CA$580 million in the third quarter of 2018. 

GA Telesis

Magnetic MRO presents full ‘ready-to-GO’ B737 NG Flight Control Kit

Magnetic MRO, a global provider of Total Technical Care for aircraft operators and lessors, has presented a new component supply program for Boeing 737 NG operators, owners and maintenance organizations – Full Flight Control Kit.

Magnetic MRO prepared a complete Serviceable Boeing 737 NG kit with EASA Form 1 certificate, which is in ‘ready-to-GO’ condition. The kit includes Krueger flaps, spoilers, leading edge slats, rudder, elevators, trailing edge flaps, and ailerons.

CFM56 engines fly out at APOC Aviation

APOC Aviation, the innovative aircraft and engines leasing, trading and part-out specialist, has sold two CFM56-3 engines (Serial numbers: 856622/857283) in a multi-million-dollar transaction with a national carrier. Both are now installed on Boeing 737-300 aircraft.

With one engine fresh out of the shop and each having a 4,000 flight-cycle capability before servicing, these engine assets are the first in a series of transactions underway at APOC.

Anca Mihalache, VP Engine Trading – APOC Aviation, is spearheading the Company’s diversification into the engine arena: "We are focusing on supplying engines with a range of flexible finance options, our customers need to ensure they can remain in profitable operation with minimized downtime and it is our mission to provide engines that are ready to fly supported by our stock of surplus parts."


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