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Monday, October 25th, 2021

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AirSprint takes delivery of first Praetor 500

Embraer, the Brazilian plane manufacturer, has delivered the first of three Praetor 500 jets to Canada-based AirSprint Private Aviation (AirSprint), the fractional jet ownership company. This was also the first Praetor 500 to be delivered in Canada. Two more Preator 500s will be delivered after AirSprint converted an order for two Legacy 450s to Praetor 500s earlier this year, the delivery of which will then see the Canadian company holding nine Embraer jets in its fleet.

“We are pleased that our partnership with AirSprint, which began in 2016, continues to grow as they expand their fleet. When we completed the first Legacy 450 to Praetor 500 conversion earlier this year, they were delighted to provide their customers with direct access to more Canadian destinations and experiences,” commented Michael Amalfitano, President & CEO of Embraer Executive Jets.

“To be the first in Canada to accept a new Embraer Praetor 500 helps to solidify our position as an industry leader,” said James Elian, President & CEO of AirSprint. “AirSprint spearheaded Fractional Ownership in Canada. We were the first then, and over 20 years later, our team continues to deliver a private aviation experience above all others. Our growth as a company is due to our Fractional Owners' commitment—and our long-standing relationships with stellar companies like Embraer.”


Alaska Air Group reports third-quarter net income of US$194 million

Alaska Air Group (Alaska) has rreported financial results for its third quarter ending September 30, 2021.

The third quarter marks a significant stride forward in Alaska Air Group's path to recovery. Alaska's goal from the beginning of the pandemic has been deliberate - scaling the business back up in a measured way, leveraging the company's strong balance sheet, and running a resilient operation, all with the aim of producing consistent financial performance.

Alaska Air Group reported net income for the third quarter of 2021 under Generally Accepted Accounting Principles (GAAP) of US$194 million, compared to a net loss of US$431 million in the third quarter of 2020. The Group reported net income for the third quarter of 2021, excluding special items and mark-to-market fuel hedge accounting adjustments, of US$187 million, compared to an adjusted net loss of US$399 million in the third quarter of 2020. This quarter's adjusted results compare to the first call analyst consensus estimate of US$1.30 per share.

The Group generated adjusted pre-tax margin for the third quarter of 2021 of 12% and reported a debt-to-capitalisation ratio of 51%, a reduction of 10 points from December 31, 2020. Alaska made a US$100 million voluntary contribution to the defined benefit plan for Alaska's pilots in the third-quarter, boosting estimated combined funded status of all defined benefit plans to 94% and held US$3.2 billion in unrestricted cash and marketable securities as of September 30, 2021.

The Group prepaid US$425 million in debt from the 364-day term loan facility, bringing total debt payments to US$1.2 billion for the year.


SAS to fly more than 150 routes to 90 destinations during winter 2021-2022

As demand for travel increases, SAS continues to open up new destinations and more frequent flights. SAS will fly more than 150 routes to 90 destinations during winter 2021-2022.

SAS is also increasing the number of flights between the Scandinavian capitals and to other important destinations in its network to further improve connectivity as travel increases. This includes more flights to the U.K. from the three Scandinavian capitals – to London, where SAS flies three daily round trips from each capital, and to Manchester.

To meet the growing demand for business and leisure trips, SAS is also increasing the number of flights to other major European cities such as Brussels, Dublin, Frankfurt, Hamburg, Helsinki, Munich, and Paris. 

The SAS winter programm will offer nine winter destinations – Sälen/Trysil and Östersund in Sweden, Salzburg and Innsbruck in Austria, Milan and Venice in Italy, Munich in Germany, and Geneva and Zurich in Switzerland.

This winter, SAS will resume several routes from Denmark and Copenhagen to eastern and central Europe to cities such as Stuttgart, Tallinn, Poznan, and Wroclaw.

In Norway, the demand for domestic travel is rising and SAS is therefore increasing the number of flights to Bergen, Stavanger, Bardufoss and Haugesund, as well in Western Norway. SAS is also resuming direct flights between Trondheim and Tromsø, and between Oslo and Manchester.

SAS is introducing new routes from Sweden for its winter programm. The new routes that are now opening are Stockholm-Kyiv, Stockholm-Tenerife, and Gothenburg-Gran Canaria. The route from Stockholm to Madeira is also resuming.


Acro appoints Steve Skerrett to role of Quality Director

Steve Skerrett, formerly Quality Director with Collins Aerospace, has been appointed to the role of Director of Quality at Acro, further strengthening the senior team at the global aircraft seating company following its move last year to all-new headquarters at Crick in Northamptonshire.

As Quality Director, Skerrett will champion and lead the company-wide Acro quality drive in the delivery of business objectives, playing a critical role in driving positive and sustainable cultural change centred on quality, integrity, compliance, and customer service excellence.

A professional Chartered Engineer, he launched his career as Head of Quality Assurance with a prominent aircraft seating company, followed by high profile roles as Quality Director with Goodrich, UTC Aerospace and, most recently, Collins Aerospace.

Skerrett has a proven track record in successfully developing and delivering business management systems and product quality improvement in both the automotive and aerospace industries. By establishing standard processes and persistently reducing variation he has delivered cost reductions and efficiency gains leading to significant reductions in operational and supplier defects. His focus will be on leading and coaching his Acro team to become subject matter experts in critical quality techniques, bringing extensive benefits to operational and business performance.


Leonardo’s AWHero achieves military certification for Rotary UAS

Leonardo’s AWHero RUAS (Rotary Uncrewed Aerial System) has received basic military certification from Italy’s DAAA (Direzione degli Armamenti Aeronautici e per l’Aeronavigabilità), the Directorate for Air Armaments and Airworthiness. This achievement marks the world’s first military certification for a RUAS in the 200kg class.

AWHero’s design, development, production and support meet military airworthiness authority requirements delivering the highest levels of mission safety, reliability and availability to Armed Forces. The military certification includes embarked operations and highlights the robustness of AWHero's design criteria and approach, paving the way for further development, integration and validation of expanded capabilities designed and planned for the system. This military certification is also based on elements of the worldwide recognised STANAG4702 standard.

AWHero design leverages on Leonardo’s strength and extensive experience in rotorcraft development, system integration and embarked helicopter operations. Since 2019, the platform has been conducting maritime surveillance capability demonstrations on ships within the framework of the OCEAN2020 initiative, the European Defence Fund strategic research programme for naval surveillance technology and maritime safety, comprising 43 organisations across Europe and led by Leonardo.

AWHero is also being evaluated in international tenders. Northrop Grumman Australia and Leonardo Australia’s team has been shortlisted to proceed to the next phase of the SEA129 Phase 5 programme for the acquisition of a maritime uncrewed aerial system designed to deliver a deployable intelligence, surveillance, reconnaissance and targeting capability to the Royal Australian Navy (RAN). The Northrop Grumman and Leonardo proposal will enhance capability effects and tactical decision-making during RAN maritime operations.


British Airwsays extends successful trial of digital health pass 'VeriFLY'

British Airways has announced that following the successful trial of mobile health pass, VeriFLY by Daon, and its subsequent rollout across its network, it has signed a long-term agreement with Daon.

The airline has worked closely with Daon to make travel as frictionless and smooth as possible for its customers. Travellers can upload any Covid-19 related documentation required for their destination, including vaccination records, negative Covid-19 results and government documents, straight into the VeriFLY mobile app so that they are verified before travel. This will let customers know if they have met the appropriate COVID-19 entry requirements for their destination before leaving for the airport, avoiding any uncertainty.

As well as ensuring a customer has the correct documentation for their journey, British Airways has further developed the technology to allow customers using VeriFLY to check in online on BA.com. Boarding passes can be downloaded ahead of arriving at the airport and customers travelling with hand luggage can head straight through security without the need to visit a desk once they arrive at the airport, further increasing the capability for contactless travel.

The airline initially started trialling VeriFLY in February 2021 on selected routes and has seen over 500,000 customers successfully verified before travel. VeriFLY is now available on all flights to North, South and Central America the Caribbean, Middle East, South Africa, Cayman Islands, Egypt and European destinations including Bulgaria, France, Croatia, Ireland and Switzerland, as well as on the majority of flights into the UK.

British Airways is working closely with Daon to make the customer experience even easier. Most recently it has extended the capability to read QR codes that appear on documentation such as a vaccination certificate or the UK passenger locator form, making document submission simple.

Joramco and TAT sign MOU for servicing aircraft heat transfer components

Amman-based maintenance, repair, and overhaul (MRO) provider Joramco has signed a Memorandum of Understanding (MOU) with TAT Technologies regarding the servicing of aircraft Heat Transfer Components (HTC).

Joramco expands its maintenance services to include HTC components through this agreement with TAT, which is a global leader in thermal management solutions. Under the MOU a center of excellence will be established at Joramco, for which TAT through its subsidiary Limco, will lead the provision of MRO services for HTC components, including testing, repairs, and overhaul, at Joramco’s QAIA facility.

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Email: tamar.jorssen@avitrader.com
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