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Wednesday, January 5th, 2022

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CDB Aviation completes deliveries of 15 new Boeing aircraft to United Airlines

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has announced the completion of deliveries of a fleet of 15 new Boeing aircraft to United Airlines (United). The sale and leaseback transaction covered a fleet of two 787-9 Dreamliners and thirteen 737 MAX 8 aircraft, which were delivered between 2020 and 2021.

The two 787-9s are powered by General Electric GEnx engines and configured in a 257-seat layout with the new Polaris and Premium Plus cabins. As air travel returns, these wide-body aircraft are expected to deliver the advantages of lower fuel consumption and efficient economics to open new routes and markets.

The thirteen 737 MAX 8 aircraft, powered by CFM International’s LEAP-1B engines, feature a total of 166 seats in a two-cabin layout. The MAXs are operated on the carrier’s short- and medium-haul missions, delivering a reduced environmental impact and an enhanced passenger experience as United advances its long-term strategy to further entrench domestic operations.

Lockheed Martin increases global reach in 2021

With both Finland and Switzerland selecting the F-35 for their new fighter jet programmes, Lockheed Martin has added two new countries to its global presence. Additionally, Denmark took delivery of its first F-35, while The Netherlands became the ninth nation to declare its fleet of F-35s ready for Initial Operation Capability.

The Finnish order, announced in December last year, was for 64 F-35A multi-role fighter jets at a list price of US$9.4 billion. Switzerland confirmed its choice of 36 F-35A multirole fighters in June 2021 at an estimated cost of US$5.5 billion.

The F-35's operational performance remains strong with a number of F-35A deployments and exercises demonstrating in excess of 80% mission capable rates and the F-35 is one of the most reliable aircraft in the US fighter fleet. In 2021, F-35s were part of four base and ship activations and the fighter jet participated in more than 60 deployments and detachments, including the first US Navy F-35C deployment aboard the USS Carl Vinson.

During the first deployment of the Royal Navy's flagship HMS Queen Elizabeth as part of the UK's Carrier Strike Group 2021, F-35Bs from the U.S. Marine Corps and Royal Air Force flew nearly 1,300 sorties, more than 2,200 hours and conducted 44 combat missions. Nine nations have F-35s operating from a base on their home soil, 12 services have declared Initial Operational Capability and six services have employed F-35s in combat. (£1.00 = US$1.35 at time of publication).


Jackson Square Aviation delivers one A320-200 aircraft to Canada Jetlines

Jackson Square Aviation (JSA) has delivered the first Airbus A320-200 aircraft to Canada Jetlines (Jetlines), based in Vancouver, Canada.

“We are excited to be a part of Jetlines’ journey to launch operations as Canada’s newest charter airline and are delighted to welcome the airline as our newest customer,” said John Yanney, JSA Head of Americas Marketing & OEM Relations. He added, “We look forward to developing a long-term partnership with Jetlines as the airline begins to flourish and build upon its future successes as they commence flying in 2022.”

Canada Jetlines is a well-capitalized leisure focused carrier, utilizing a growing fleet of Airbus A320 aircraft starting in early 2022, subject to Transport Canada approval. The carrier was created to provide Canadian consumers with more value choices and travel options to fly to coveted sun and leisure destinations in the US, Caribbean and Mexico. With a projected growth of 15 aircraft by 2025, Jetlines aims to offer the best-in-class operating economics, customer comfort and fly-by-wire technology, providing an elevated guest centric experience from the first touchpoint.

VAS Aero Services and Avolon launch consignment partnership to retire three Airbus A320-family aircraft

VAS Aero Services, a global leader in aviation logistics and aftermarket services, and aircraft lessor Avolon have announced an agreement for VAS to manage the disassembly and residual parts distribution of three A320-family
aircraft owned by Avolon. The serviceable material will be marketed and placed through VAS’s worldwide parts network to support its key customer base of major operators and MROs. The agreement covers full aircraft management.

The aircraft will be disassembled by VAS at a teardown facility in Hondo, TX, USA. The Airbus aircraft include one A319, on A320 and one A321. Avolon serves the worldwide aviation market from operations hubs in Ireland, the USA, Dubai, Singapore, Hong Kong and Shanghai. The company provides leasing and lease management services to the global airline industry.

“This agreement with Avolon illustrates VAS’s unmatched capabilities in helping aircraft owners realize the maximum value from assets that have reached end-of-service status,” notes Tommy Hughes, VAS Chief Executive Officer. “Our expertise in aircraft disassembly and serviceable parts harvesting, testing, certification and documentation, in particular among the Airbus A300 family of aircraft, has earned us a reputation as the ‘go to’ Best Partner for aircraft teardown and residual parts sales and distribution.”


Czech Airlines Technics increases landing gear overhaul capacity

Czech Airlines Technics (CSAT) has managed to secure a significant number of landing gear maintenance jobs. Last year, the company completed 33 landing gear set overhauls, which exceeds the average annual capacity of the division.

The recent modernization of the electroplating and paint shops and additional investments in the landing gear shop equipment have helped to increase the efficiency and quality of work. The division clients include KLM Royal Dutch Airlines, Transavia Airlines, Transavia France, Smartwings and a new contract was recently signed with LOT Polish Airlines.  

Czech Airlines Technics has been performing overhauls of landing gear sets for Boeing 737 aircraft of the new and classic generation for its clients for over 20 years. During the overhaul, CSAT offers its customers the option of leasing or exchanging a spare landing gear set. CSAT currently owns six complete B737NG replacement sets and one for the B737CG aircraft type.

Caeli Nova raises CHF 8 million in Series A funding to deliver new emergency oxygen system onto passenger aircraft

Caeli Nova, innovating at the intersection of aviation and healthcare, has successfully closed its Series A round of financing. This latest round of investment will allow the breathing technology developer to take greater strides in enhancing its technology and to bring its first products to the market.

Cordillera, Caeli Nova’s launch product, is an advanced aircraft emergency oxygen system that overcomes limitations associated with the existing technology, while significantly reducing costs and carbon emissions for airlines by enabling aircraft to fly the most direct routes. The company is aiming to install Cordillera onto first aircraft during 2022.

LG Capital, Switzerland-based venture builder and co-founder of Caeli Nova, spearheaded the company’s CHF 8 million Series A financing round, which has drawn investments from both the healthcare as well as the aviation sectors. The round was led by principal investor Ornament Health, a Swiss digital health company. Other primary financing partners participating in this round included Latécoère, a leading stock market listed Tier 1 aerospace manufacturer.

Finnair reports traffic performance for December 2021

Finnair carried 602,700 passengers in December 2021, which was 551.4% more than in December 2020. The number of passengers in December 2021 was 23.8% more than in November 2021.

The COVID-19 impact, including the strict travel restrictions imposed by several countries due to the Omicron variant, still affected all passenger traffic figures. It was particularly visible in the North Atlantic and Asian figures even though travel from both Finland and Sweden to the United States and e.g. Thailand opened in November, thereby increasing the number of passengers carried by Finnair.

The overall capacity (ASK), increased in December by 554.4% year-on-year and by 26.8% month-on-month. Finnair operated, on average, 230 daily flights (cargo-only included), which was 206.7% more than in December 2020 and 15.6% more than in November 2021. The differences between capacity figures compared to December 2020 are explained by the longer average stage length of flights operated and by the larger gauge of aircraft operated. Finnair's traffic (RPKs), increased by 1,081.5% year-on-year and by 49.8% month-on-month. The Passenger Load Factor (PLF) increased by 24.3% points to 54.4% year-on-year and by 8.4% points month-on-month.

The ASK increase in Asian traffic was 334.6% year-on-year. In European traffic, the ASKs were up by 660.9%. The ASKs in domestic traffic increased by 181.1%.

RPKs increased in Asian traffic by 1,261.0%, in European traffic by 919.1% and in domestic traffic by 247.2% year-on-year.

The PLF was 38.9% in Asian traffic and 55.9% in North Atlantic traffic but both were supported by the very strong cargo operations. The PLF was 66.9% in European traffic and 64.5% in domestic traffic.

Passenger numbers increased in Asian traffic by 1,208.3%, in European traffic by 705.2% and in domestic traffic by 248.9% year-on-year.

In North Atlantic traffic, ASK, RPK and passenger number growth rates year-on-year cannot be calculated as there were no passenger flights in December 2020.

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Tamar Jorssen
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Email: tamar.jorssen@avitrader.com
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