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Wednesday, September 1st, 2021

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Jet2.com becomes new Airbus customer with order of 36 A321neos

Jet2.com has placed an initial order for 36 A321neos making the Leeds, U.K.-based airline, a new Airbus customer and a new Airbus A320neo-family operator. The order reflects Jet2.com’s ambitious fleet expansion and renewal plans. Engine selection will be made at a later date.

The aircraft will be configured for 232 seats with an airspace cabin featuring innovative lighting, new seating products and 60% larger overhead baggage bins for added personal storage.

The A320neo family incorporates the latest technologies, including new generation engines and Sharklets, delivering a 20% reduction in fuel consumption per seat. With an additional range of up to 500 nautical miles/900 km, or two tonnes of extra payload, the A321neo will deliver Jet2.com with additional revenue potential.

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GA Telesis MRO Services Group adds new radome testing facility

GA Telesis has announced its MRO Services Group´s introduction of a new transmissivity test cell for repairing and overhauling aircraft radomes. The radome maintenance will be performed at the FAA and EASA-approved composite and aerostructures repair facility near Fort Lauderdale/Hollywood International Airport. This new test cell is capable of testing a wide range of OEM platforms accommodating all Airbus, Boeing, Bombardier, Cessna, Embraer, and Gulfstream aircraft models.

The composite facility specializes in the overhaul and repair of composites and large metallic structures. This new test cell enhances the MRO Services Group’s offerings, covering engine nacelles, flight control structures, and a recently added second 37’ autoclave.

Stratos completes freighter conversion on ex AirAsia X A330 and delivers to Geodis on lease

Stratos (Monaco) has announced the delivery of an A330-300 converted freighter to GEODIS (France) on a long-term operating lease. The aircraft, 2006 vintage MSN713, was returned from AirAsia X through an early termination agreement in mid-2020 and converted to a full-freighter. Stratos identified an early opportunity to repurpose the aircraft into a freighter at the onset of the COVID-19 crisis, subsequently leasing the freighter to logistics giant GEODIS to enhance its own dedicated air network. GEODIS has contracted Titan Airways (U.K.) to provide CMI services to operate the aircraft to Asia, Europe and the U.S.

Elbe Flugzeugwerke (Dresden, Germany) performed the freighter conversion and heavy maintenance, Lufthansa
Technik provided CAMO and flight services, Rolls-Royce & Partners Finance (U.K.) provided a replacement engine, Dale Aviation (France) performed maintenance and engineering services, Civil Aviation Services (Ireland) supported GEODIS on all technical-related aspects. The owners are a series of SME’s invested through a Japan domiciled fund managed by JP Lease. For legal support, K&L Gates (Tokyo) acted for lessor, Norton Rose (London) acted for lessee.

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IAI appoints Yehuda Lahav as Executive VP of Marketing

IAI has appointed Yehuda Lahav as Executive VP of Marketing. Lahav's appointment, followed a series of other appointments announced by IAI in recent weeks, including Guy Bar Lev for Executive VP and General Manager of Systems Missiles and Space Group, Shmuel Kuzi as Executive VP and General Manager of the Aviation Group, Eitan Eshel as Executive VP Chief Technology Officer, Moni Katz as Executive VP of Strategy and Israel, and Amir Geva as Executive VP for Coordination with North America.

Lahav, possessing extensive and diverse business experience, understands the company and its ecosystem well. In this position, Lahav will lead IAI's sales and marketing efforts across over 100 countries where the company is active. He will strengthen the company’s activities in existing markets and expand its activities to new ones, while leading business and marketing efforts at the company’s headquarters and across the different divisions.

Prior to serving in his current position as Chief Business Officer at NSO, Lahav was the Director of the Rakia division at IAI's Military Aircraft Group at and a Director of Marketing in the company. Lahav, a former IDF combat navigator and Colonel in reserves finished his military career after serving as the Commander of the Ovda Airbase and as IDF’s military attaché in Paris.

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AeroCity Tech Ventures to invest €20 million in aviation start-ups

AeroCity, a fast-growing campus of aviation companies in Vilnius, has exciting news for start-ups and business innovators in aviation. A newly established AeroCity Tech Venture fund will help the best aviation technology ideas and companies to take off and establish themselves as a global player in the industry.

The AeroCity project being built by the global aerospace service group Avia Solutions Group and the AeroCity Tech Valley will bring the most innovative companies, ideas, and top-class professionals to promote the development of modern solutions for the aviation sector.

“Although aviation is a modern industry, there is still a lot of room for novel ideas, solutions and digitization. As the industry is protected by numerous licences, entry barriers, and flight safety requirements, changes can be more difficult to implement. Regardless, we see great potential in this industry and want to help it grow,” - commented Head of AeroCity Tech Valley Business Incubator Julius Norkunas, who has been working with innovative ideas and start-ups for many years.

The AeroCity Tech Ventures Fund, established by Avia Solutions Group, will invest in new and growing companies that have valuable tech ideas for the aviation sector, but lack resources to implement or develop them.

“We have planned to allocate as much as €20 million for the financing of start-ups, products, and ideas. We believe that with our help, many ground-breaking ideas in aviation will become a reality,” – added Julius Norkunas, the AeroCity Tech Valley Business Incubator head. “The aviation industry is now embarking on a digital revolution; thus, we believe the AeroCity Tech Ventures fund will be an indispensable tool for companies looking to make a positive impact in aviation.”

According to the head of AeroCity Tech Valley, start-ups will be offered funding and irreplaceable know-how from the aviation industry. “Our selected companies will also have the opportunity to participate in the Runway 36 accelerator, a program which aims to ensure the further growth of the companies by providing the necessary tools and knowledge to help maintain business stability and development.”

The selected companies will work with Norkunas, a start-up business expert, and Daumantas Mockus, who has more than 12 years of investment banking experience.

AeroCity Tech Valley will open its doors in AeroCity by the end of 2021. Currently, AeroCity consists of the Avia Solutions Group headquarters and the modern hotel, Loop. It is a unique architectural work with a real and authentic plane having already “landed” in the lobby of the building which will house the group’s companies engaged in IT solutions and start-ups seeking to modernise and digitise the industry. The next stage in the campus development plan includes the construction of a 600-room co-living complex for employees and guests of the international aviation group. There are plans that by 2025 more than 20 thousand people will be working and living in AeroCity.

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ST Engineering appoints Tan Lee Chew as President Commercial

ST Engineering has appointed Tan Lee Chew as President Commercial and also as a member of the Group Executive Committee, effective September 1, 2021. Reporting to Group President and CEO Vincent Chong, Lee Chew will oversee and drive growth for the commercial cluster, which comprises three business areas: Commercial Aerospace, Urban Solutions and Satellite Communications, and accounts for close to 50% of group revenue as of June 30, 2021.

With Lee Chew’s appointment, Lim Serh Ghee will relinquish his role as Chief Commercial Officer. He will remain as Group Chief Operating Officer (Operations Excellence), and also a member of the Group Executive Committee, until his planned retirement on October 30, 2021.  Serh Ghee joined the Group’s Aerospace business in 1984. He had held various senior management appointments over the years, and was President of the Aerospace sector from 2014 to 2020.  Serh Ghee has been instrumental in the continued global growth of the Aerospace sector, including strategically moving the sector into original equipment manufacturing of aircraft engine nacelle systems and composite floor panels, as well as further expansion of our Passenger-to-Freighter conversion capabilities.

Lee Chew joined from Amazon Web Services where she was the Managing Director, Worldwide Public Sector (ASEAN) responsible for leading new business growth through the adoption of AWS services as an enabler to deliver technology transformation at scale for organizations. Prior to that, she was with Hewlett-Packard Enterprise for more than 20 years, last serving as the Senior Vice President of global Hybrid IT Sales and Category Management based in Palo Alto, California, where she led the go-to-market planning and execution of product sales strategies for the company’s Data Center Infrastructure and Software Defined technology portfolio globally.

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Satair and FACC sign global distribution agreement

Satair, an Airbus Services company and leader in the commercial aerospace aftermarket, and FACC, a manufacturer of advanced aircraft components and systems for the global aerospace industries, have signed their first agreement. The multi-year agreement covers the global exclusive distribution of Airspace XL bins (overhead stowage compartments), the entrance area, ceiling panels and all related spares for the entire A320 aircraft family.

As part of the new agreement, Satair will perform supplier support conditions on FACC’s behalf related to covering the spares related activities.

Besides furnishing ceiling panels that illuminate the cabin with ambient LED light, the overhead stowage compartments covered by the agreement provide 40% more space. Specifically, the Airspace XL bins, the largest overhead stowage compartments in the short and medium-haul class, can hold up to 60% more luggage - eight pieces of hand luggage instead of the previous five, measuring 61 x 40.6 x 25.4 cm.
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Tamar Jorssen
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Email: tamar.jorssen@avitrader.com
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Tamar