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Tuesday, August 31st, 2021

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Boeing and Ethiopian Airlines sign MoU to position Ethiopia as aviation hub for Africa

Boeing and Ethiopian Airlines Group (Ethiopian) have signed a memorandum of understanding (MoU) that aims to position Ethiopia as Africa’s aviation hub – “Ethiopia for Africa”. The intention is to create a world-class aviation partnership, and to achieve their shared vision, there will be four areas of strategic collaboration: Industrial Development, Advanced Aviation Training, Educational Partnership, and Leadership Development over the span of three years.

Tewolde GebreMariam, Group CEO of Ethiopian Airlines said, “I am very much thrilled not only to sign this historic MoU with our long-standing aviation partner, Boeing but also to the implementation of milestones. We have been working in collaboration with Boeing on different large-scale projects in aviation for more than 70 years to serve the continent of Africa and this partnership expands and builds our capability in multiple fields. I have firm conviction that with our dedication in its implementation, the MoU will successfully attain its goal of positioning Ethiopia as the continent’s aviation hub. We highly value the critical role of our American partner companies in accomplishing our goals and we will continue to work with key American aviation players like Boeing, GE, Pratt and Whitney and Collins Aerospace etc… in our journey towards excellence in aviation.”

Both Boeing and Ethiopian will be striving for the Ethiopian Aviation Academy to be recognized as a global standard for aviation training, while Boeing is committed to developing Ethiopia’s manufacturing capability and aftermarket aviation services.

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Norwegian's second quarter results positive effected by completed reconstruction process

Norwegian has reported its second-quarter results, continued to be impacted by COVID-19 and travel restrictions in all markets. However, following the successful completion of the reconstruction process and the subsequent NOK 6 billion equity raise, the company is now well positioned for future growth and to respond to increased customer demand.

Norwegian reported profit before tax (EBT) of NOK 1,590 million in the first half of 2021, compared with a loss of NOK 4,792 million in the same period in 2020. For the first half of 2021, production (ASK) was reduced by 94% compared to the same period last year. Total revenue in the first half of 2021 was NOK 591 million, compared with NOK 7,138 million in the same period last year, a decrease of 92%.

Unit revenue increased by 22% following a yield increase of 93% and a decreased load factor by 28.8 percentage points. Average sector length decreased by 62%t. At the end of the first half of 2021, the total fleet comprised 51 aircraft. Up to 32 aircraft were operational during the first half of 2021 due to travel restrictions and lower demand.

In the second quarter of 2021, the company successfully exited the examinership and reconstruction process which improved equity by NOK 10.7 billion.

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Spirit AeroSystems Europe delivers first set of A320-family RTM spoilers

Spirit AeroSystems (Europe) (U.K.) has successfully delivered the first set of new advanced composite spoilers to Airbus for the A320 family. The spoilers are produced using Spirit’s pioneering Resin Transfer Moulding (RTM) technology and are the first to feature on a flying aircraft.

The redesigned spoiler is produced using a highly automated advanced manufacturing, out-of-autoclave process, resulting in significantly improved manufacturing efficiencies, and reduced energy and costs compared to the original, more traditional design. Spirit is the first to industrialize this innovative composite technology in the U.K. aerospace sector.

The spoilers are produced in Spirit’s manufacturing facility in Prestwick, Scotland, using the latest automation and robotics, which included investment from the Scottish Government in the development of the technology. Such cost-effective technologies and manufacturing processes will play a central role in the development of the next generation of aircraft programs, and help Spirit increase its competitive advantage in advanced manufacturing.

Air France-KLM Group reports second quarter net loss of €1,489 million

The Air France-KLM Group’s results improved in the second quarter 2021 compared to last year, although the results were still impacted by travel restrictions.
The Group reported revenues of €2,750 million, up €1,568 million compared to last year. The operating result was €-752 million, up €801 million compared to last year. The Group reduced its EBITDA loss to €-248 million.

Net income was €-1,489 million, including the negative impact of the de-recognition of the KLM ground pension fund. Restructuring programs showed improved results and structural benefits increased to €2.1 billion. The Group increased its capital by €1 billion, converted the direct French State loan of €3 billion into perpetual hybrid instruments and issued a Senior bond of €800 million of which the cash will be received in the third quarter.

Net debt stood at €8.3 billion, down by €2.7 billion compared to the end of 2020 thanks to the first set of capital strengthening measures.

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VoltAero appoints Pilar Albiac-Murillo, Charles Champion and Sean O'Keefe to the company’s Advisory Board

Three renowned executives from the industry, government and education sectors have been named to VoltAero’s Advisory Board, bringing decades of expertise in aircraft development, production and program management as the company evolves its family of Cassio electric-hybrid airplanes.

The appointments are Pilar Albiac-Murillo, Charles Champion, and Sean O'Keefe, who join Mikhail Lifshits on the Advisory Board. Jean Botti, VoltAero’s CEO and Chief Technical Officer, stated: “As we advance the Cassio electric-hybrid aircraft family into production and entry-in-service, we look forward to the knowledge and insights from our Advisory Board members – each of whom has earned their reputations as leaders and visionaries.”

Pilar Albiac-Murillo’s diverse industry responsibilities in the aerospace and automotive sectors included the Chairman & Chief Executive Officer of Saginaw Deutschland; as well as the Executive Vice President & Chief Operating Officer of the Airbus Defence and Space division. She also held executive and management positions at Philips Innovation Services, Delphi Corp., and Rémy de Mexico SA de CV.

Charles Champion’s industry experience comes from management positions at Airbus, and includes serving as Airbus Executive Vice President - Engineering, as well as a member of the Airbus Executive Committee. His previous responsibilities were as the Product Executive for Airbus’ Single-Aisle Program, and Executive Vice President for the A380 program during this very large aircraft’s development.

The career of Sean O’Keefe spans top-level positions in government, industry and education. Among them were Administrator of the National Aeronautics and Space Administration (NASA), Deputy Director for the Office of Management and Budget, Secretary of the Navy, and Comptroller for the U.S. Department of Defense. From 2009 to 2014, he was Chief Executive for the U.S. operation of Airbus and its EADS predecessor. Currently, O’Keefe is the University Professor and the Howard and Louise Phanstiel endowed Chair in Strategic Management and Leadership at the Syracuse University Maxwell School of Citizenship and Public Affairs.

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Collins Aerospace to acquire FlightAware

Collins Aerospace, a Raytheon Technologies business, has signed a definitive agreement to acquire privately held FlightAware, a leading digital aviation company providing global flight tracking solutions, predictive technology, analytics and decision-making tools.

Closure of the acquisition is subject to the completion of customary conditions and regulatory approvals. Following closing, FlightAware will join Collins’ Information Management Services portfolio within the company’s avionics strategic business unit. Financial terms of the agreement were not disclosed.

“Global connectivity now shapes and impacts every segment of aviation. FlightAware is the recognized leader in data collection, analytics and customer experience, which will help Collins unlock the full power of the connected ecosystem for our customers,” said Dave Nieuwsma, Collins Aerospace’s head of Avionics. “FlightAware’s flight tracking and data platform, the largest in the world, has the potential to deliver new capabilities and innovations across our entire business.”

Jet Aviation completes new production center in Basel

Jet Aviation has completed the extension and renovation of a new 8,000 m² production center at its maintenance and completion facility in Basel. The center brings the cabinet shop, interiors and finishing shops, and sheet metal shops together in one location.

The new space is comprised of 5,000 m² of renovated space, and an additional 3,000 m² extension. Architectural design and planning for the new production center commenced in mid-2019, with construction beginning later that year. Phase I was dedicated to moving the sheet metal, interior and finishing shops, and was completed in November 2020. Phase II focused on moving the cabinet shop and completing the extension and renovation project.

In line with Jet Aviation’s commitment to employee well-being and sustainability, the center is designed with LED dimmable lighting, a high-pressure vacuum system, dust collector systems, two separate paint cabins, and ventilation units. The center also features 600 m² of leveled assembly and pre-assembly platforms to foster optimal performance.
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Email: tamar.jorssen@avitrader.com
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Tamar