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LATEST NEWS

Wednesday, October 13th, 2021

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Atlantic Aviation Group acquires Lufthansa Technic Shannon

Atlantic Aviation Group (AAG) has announced its acquisition of Lufthansa Technic Shannon from its parent company, Lufthansa Technic (AG). Both companies are located in Shannon, County Clare, Ireland. Integration will take place over the next few months with the intention of a successful integration by early 2022.

Under the terms of the deal, roughly 300 Lufthansa Technik Shannon employees will join AAG, bringing AAG’s total combined workforce to approximately 740 people between its sites in Shannon and Brize Norton in the U.K. In February, AAG announced the acquisition of Flybe’s former aviation maintenance services operations at Brize Norton in Oxfordshire, England. However, it is anticipated that up to 180 employees at Lufthansa Technic Shannon will likely be facing redundancy.

Commenting on the transaction, the CEO of Lufthansa Technik, Pat Shine, said: "The severe impact of the Covid-19 pandemic led to an extensive strategic review of the business to determine its future. Every option was explored, the priority being to protect the maximum number of jobs and the specialist experience of the LTSL workforce. The sale of LTSL to AAG, a company that understands our business and has a strategy for growth through acquisition, presented itself as the most viable solution to minimize job losses."

The purchase by AAG will make the combined resources the largest MRO in Ireland, and it says it will put the business on track to become one of the largest independent MROs in Europe. Commenting on the announcement, AAG Chief Executive Shane O’Neill, said: “Through the acquisition of Lufthansa Technik Shannon, we will be able to service more customer fleets and offer A320 and B787 aircraft maintenance solutions. We see the expertise and experience of the LTSL team as being a hugely positive addition to our own expertise.”

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Honeywell and AJW Group sign worldwide sole distribution agreement

AJW Group, a world-leading independent aircraft component parts, repair and supply chain solutions provider, and Honeywell have signed a worldwide sole distributor agreement for the global sales of Air Data Inertial Reference Units (ADIRU) PN HG HG2030BE04 for Airbus A320, A330, A340, and A380s.

Under the terms of the agreement, AJW will distribute the new production build ADIRU, for all Airbus A320, A330, A340 and A380 aircraft for all initial provisioning and purchasing requirements for operators and integrated service providers.  

The collaboration includes AJW holding distribution inventory at its global facilities to meet the needs of worldwide A320neo-family and A330neo operators, complementing the extensive inventory of Airbus parts and maintenance, repair and overhaul services that allow AJW to deliver complete support solutions to customers. In addition, AJW Technique, AJW Group’s maintenance hub, authorized repair facility for multiple Honeywell products, is lining up for capability extension to offer complete support on the ADIRU.

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HAECO Composite Structures and GA Innovation China enter into consignment agreement

HAECO Composite Structures (Jinjiang), a member of the HAECO Group specializing in aerostructure repair for nacelles, radomes, and flight control surfaces, with a full complement of rotable spares, has entered into a consignment agreement with GA Innovation China (GAIC), the first comprehensive aircraft asset management company in the Chinese mainland.

The agreement covers reconditioning services including inspection, test, repair, overhaul, and upgrade/modification, as well as marketing, sales, and exchange/loan services. HAECO Composite Services has been providing industry renowned MRO services for more than a decade. GAIC has achieved the highest accreditations and approvals in the industry and is committed to providing top-ranking serviceable parts. HAECO Composite Services welcomes this opportunity to cultivate an alliance of mutual growth with GAIC.

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GE Aviation completes GEnx endurance testing

The GEnx engine recently achieved outstanding endurance test results, completing over 3,000 cycles of dust ingestion testing in a simulated severe environment using a specialized dust ingestion rig. The dust endurance testing is part of GE Aviation’s continued investment in the next generation of technology for the engine line.

Ten years ago, the GEnx engine entered into service powering a Cargolux 747-8. Developed for the Boeing 787 Dreamliner and 747-8 aircraft, the GEnx has the advantage of lower fuel consumption and reduced CO2 emissions up to 15% compared to GE’s CF6 engine.

The endurance tests validated several hardware improvements, including an improved combustor deflector and redesigned high-pressure turbine stage 1 blade.

The endurance testing mimicked the dust GEnx engines encounter flying in some of the most severe operating environments in the world. In partnership with GE Research, dust was reversed engineered to replicate specific field conditions.

The dust, which can lead to hardware distress, is so fine that it cannot be seen with the naked eye. Test engineers used sophisticated equipment, including sensors sensitive enough to detect the dust, and lean principles to improve the findings during the test campaign.

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ICD provides US$50 million financing to ALAFCO Aviation Lease and Finance, Kuwait

Islamic Corporation for the Development of the Private Sector (ICD) and ALAFCO Aviation Lease and Finance Company K.S.C.P. have signed a four-year syndicated secured financing agreement for US$75 million with a US$50 million participation from ICD making it the lead financier in the transaction.

While the aviation sector plays a crucial role in global connectivity and mobility as well as economic growth, it has been one of the hardest hit sectors during the pandemic. ICD’s financing will strengthen the operations of ALAFCO and help it to be well prepared as economic activities and travel picks up. This transaction was arranged by KFH Capital.

Ayman Sejiny, the CEO of ICD, commented, “We are very pleased to support ALAFCO in its efforts as a leading player in the aircraft leasing market following Islamic finance principles. ICD is also pleased to work in collaboration with KFH Capital in this transaction. ICD fosters sustainable economic growth in its 55 member countries by financing private sector investments, mobilizing capital from the international financial markets, and providing advisory services to businesses and governments.”

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Embraer Executive Jet Service Center certified as upholstery completion center by Collins Aerospace

Embraer Executive Jet Service Center in Fort Lauderdale, Florida, has been certified as a Collins Aerospace Completion Center for in-service aircraft upholstery and cushion. The updates are available for the Legacy 450, Legacy 500, Praetor 500, and Praetor 600 executive jets.

Using soft, good materials and coverings, the certification enables Embraer to offer new upholstery designs, which will be provided by Embraer’s Executive Jet interior design team. It will also allow foam reshaping and the creation of new bolster designs with, options that Embraer customers haven’t previously had in the aftermarket.

This approval is specific to cabin seats, including in-service seats and new seats installed on in-service aircraft, which gives Embraer the ability to design entirely new upholstery looks within the original type certificate limits.

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GA Telesis Flight Solutions Group appoints Christian Dery Vice President, Tooling & GSE

GA Telesis, LLC (GAT) Flight Solutions Group (FSG) announces the appointment of Christian Dery as Vice President, Tooling & GSE. Dery will be responsible for developing and managing the Tarmac Solutions team driving Ground Support Equipment (GSE) and the tooling distribution business strategy globally and leading regional sales teams functionally.

Dery brings 30 years of experience in aircraft parts manufacturing, aftermarket sales and marketing, and contract administration in the GSE and Tooling sector. Before joining GA Telesis, he was VP of Business Development and Marketing with Groupe DCM and a member of their Board of Directors.
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Tamar Jorssen
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Email: tamar.jorssen@avitrader.com
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Tamar