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Monday, October 4th, 2021

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Lufthansa signs new lease contracts for four Airbus A350-900 aircraft

The Lufthansa Group is accelerating the modernization of its long-haul fleet. The Group signed leases for four state-of-the-art and fuel-efficient Airbus A350-900 aircraft with lessors Avolon, SMBC Aviation Capital and Goshawk. As a result, the Group's A350 fleet will grow to 21 aircraft at the beginning of 2022.

The Airbus’ A350-900 are scheduled to enter service with Lufthansa's core brand from the first half of 2022, strengthening the airline's premium offering.

The twin-engine Airbus A350-900 aircraft consume only around 2.5 liters of kerosene per passenger per 100 kilometers flown. That is around 30% less than its predecessors, with a correspondingly positive impact on the carbon footprint. The aircraft will primarily replace four-engine long-haul aircraft from the Airbus A340 family. By the middle of the decade, the proportion of four-engine aircraft in the long-haul fleet as a whole is expected to fall to below 15%. Before the crisis, the share was around 50%. The new, fuel-efficient aircraft will reduce operating costs by around 15% compared with the types it will replace.

As part of its comprehensive, long-term fleet modernization program, the Lufthansa Group will take delivery of a total of further 177 short-, medium- and long-haul aircraft this decade.


Genesis orders two 737-800 Boeing Converted Freighters

Genesis, the Dublin based aircraft leasing company, has entered into an agreement with Boeing to convert two 737-800 aircraft into freighters. The first 737-800 Boeing Converted Freighter (BCF) will be completed and ready to enter into service in spring 2022 with a second aircraft ready to enter operations in early 2023.

This move will allow Genesis to take advantage of the rapidly expanding global e-commerce market and in doing so will enhance the value and extend the life of its 737-800 fleet.

Welcoming confirmation of the deal, Karl Griffin, CEO of Genesis said, “This new partnership with Boeing will enable Genesis to convert B737-800 aircraft by leveraging our existing portfolio in order to provide solutions to our expanding customer base and serve the growing eCommerce market well into the next decade.”

Emirates and Qantas extend partnership for further five years

Qantas and Emirates have announced they will extend their cornerstone partnership for another five years, meaning customers and frequent flyers of both airlines will have access to an expansive joint network, and millions of reward seats to travel across Australia, New Zealand, Europe and the U.K.

The agreement was signed by Emirates President Tim Clark and Qantas Group CEO Alan Joyce at the International Air Transport Association Annual General Meeting in Boston.

The airlines have existing approvals from regulators to operate a joint business until March 2023. Qantas and Emirates will seek re-authorisation from relevant regulators, including the Australian Competition and Consumer Commission, to continue the core elements of the partnership including coordination of pricing, schedules, sales and tourism marketing on approved routes until 2028. The deal includes an option to renew for another five years beyond that.

Together, both airlines are making millions of reward seats available for frequent flyers to access more than 100 destinations to using their Qantas Points or Skywards Miles, which many have been stockpiling throughout the pandemic.


IAI to convert A330-300 aircraft from passenger to freighter for Avolon

Israel Aerospace Industries (IAI) will convert an Airbus A330-300 aircraft from passenger to freighter configuration for aircraft lessor Avolon. As part of the agreement with Avolon, IAI will convert 30 Airbus A330-300 jets from passenger to cargo configuration between 2025 and 2028. The signing of the agreement with Avolon, the first customer for cargo conversions of this aircraft model, follows the backdrop of high profits in 2021 and the projected doubling of cargo aircraft traffic in the next 20 years due to increased e-commerce.

Avolon has a fleet of 837 aircraft (as of June 2021) and in addition to being the first customer for cargo conversions for this aircraft, Avolon will fully take part in the aircraft conversion and licensing process.

The A330-300 aircraft, which will be converted at IAI, will provide a competitive and advanced solution for cargo and commerce companies looking to expand and improve their widebody cargo jet fleet. The converted model will increase cargo volume capacity with up to 27 main deck pallet positions, and will improve the cargo loading capacity due to the unique cargo door placement, and will support and enhance the operations surrounding cargo jet flights.

AerDragon Aviation Leasing signs CFM56-5B TrueChoice overhaul agreement with GE

AerDragon Aviation Leasing has signed a TrueChoiceTM overhaul agreement with GE at the 13th China International Aviation and Aerospace Exhibition. The agreement covers time and materials required to overhaul eight CFM56-5B engines installed on four A320ceo aircraft, which were delivered to AerDragon’s lessee customers and entered service in 2009 and 2010. This agreement will be fulfilled during the next four years.

AerDragon is the first mainland China-based lessor doing aircraft operating lease business and placed the first A320ceo speculative order powered by CFM56-5B engines in 2007.


Leonardo launches Agusta brand

Leonardo has announced the launch of a new initiative to reinforce its position in the world’s VIP/corporate helicopter market, as it pioneers new advanced and sustainable air mobility solutions in the vertical flight domain. On October 2, Agusta became the brand that embodies the company’s distinctive design, technology and service philosophy and values in the executive transport rotorcraft sphere. 

Leveraging the heritage of an iconic name embedded in the helicopter industry community, and a symbol of commitment to stay at the forefront of innovation, Agusta is a unique combination of best in class performance, comfort and refined Italian style. Leonardo is committed to providing operators now and into the future unmatched tailored-made solutions. New solutions will entail all new dedicated operational and customer services and information, aircraft interior and layout configurations and bespoke possibilities in the VIP transport sector. 

The announcement took place at the grand opening of the new rotorcraft terminal by Leonardo and Falcon Aviation Services in Dubai, purposely designated Casa Agusta. The terminal will facilitate the mobility to and from the Expo 2020 site in Dubai. An AW609 TiltRotor and an AW609 full scale VIP/corporate cabin mock-up will be on static display close to Casa Agusta for a limited period. The first appearance of the AW609 TiltRotor in the Middle East with its official presentation in Dubai marks the global commercial launch of the revolutionary multirole aircraft as it gets closer to its civil certification.


Embraer’s agricultural aircraft sales already double that of 2020

Embraer, Brazil’s global aerospace company, has announced that demand for its agricultural aircraft is already double that for the whole of 2020 with a total of 50 Ipanema EMB-203 turboprop aircraft sold. This increase is a reflection of the strong performance of Brazil’s agribusiness sector and confidence among farmers and aero-agricultural companies for the year ahead, sectors of the market which already account for 30% of new orders.

“The Ipanema is a great ally for Brazilian agribusiness with its efficiency, productivity, cost-effectiveness, and robustness, as agricultural aviation is an essential tool for the country. We are pleased with the results we’ve seen this year and with each new delivery, our confidence regarding the outlook for the coming years grows,” said Sany Onofre, head of Embraer's agricultural aviation division.

September also saw the delivery of the one-hundredth model 203 aircraft, the current version of the original Ipanema plane, which now features the latest technological innovations in the segment. Since 2005, the Ipanema has run on ethanol, being Embraer's first aircraft certified and mass-produced to fly on renewable energy, leading a wide range of the company's historic activities in research and use of biofuels in aviation.

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Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
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