Daily2018-02-20
Follow-Us-Facebook
Follow Linkedin
Follow Twitter

LATEST NEWS

Friday, January 14th, 2022

brought to you by
MAG_Sponsor

Delta Air Lines reports financial results for the December quarter and full year 2021

For the fourth quarter 2021 Delta reported adjusted pre-tax income of US$170 million, excluding a net impact of US$564 million primarily in equity method losses, mark-to-market adjustments on investments and special profit-sharing payment. Adjusted operating revenue of US$8.4 billion, which excluded third-party refinery sales, was 74% recovered versus December quarter 2019 on capacity that was 79% restored.

Total operating expense decreased US$833 million compared to the December quarter 2019. Adjusted for costs from third-party refinery sales, total operating expense decreased US$1.9 billion or 19% in the December quarter 2021 versus the comparable 2019 period.

At the end of the December quarter, the company had US$14.2 billion in liquidity, including cash and cash equivalents, short-term investments and undrawn revolving credit facilities.

For the full-year 2021 Delta reported adjusted pre-tax loss of US$3.4 billion excluding a net benefit of US$3.8 billion from items primarily related to the Payroll Support Programs (PSP), partially offset by equity method losses, debt extinguishment charges and special profit-sharing payment. Delta generated a pre-tax profit of US$1.1 billion in the second half of 2021. Excluding PSP, mark-to-market adjustments, equity method losses and debt extinguishment charges reported an adjusted pre-tax profit of US$386 million in the second half of 2021.

The company reported adjusted operating revenue of US$26.7 billion, which excluded third-party refinery sales, was 57% recovered versus full-year 2019 on capacity that was 71% restored.

AFI_05

Impact notices on C-Band 5G wireless aviation issued by US FAA

The American Federal Aviation Administration (FAA) has begun issuing notices on the potential impact new C-Band 5G wireless services will have on sensitive aircraft electronics. The new 5G services are set to become operational on January 19 and the FAA has been in discussion with wireless carriers, airlines and planemakers in an attempt to mitigate the impact on sensitive aircraft instrumentation such as altimeters.

Both AT&T and Verizon who, combined, won virtually all the C-Band auction agreed on January 3 to create buffer zones around 50 US airports and to also delay deployment of 5G for a two-week period. The FAA is now publishing ‘Notices to Air Missions’ which provide details on “aircraft with untested altimeters or that need retrofitting or replacement, will be unable to perform low-visibility landings where 5G is deployed.”

Over 300 such notices have been posted on locations that include hospitals where medical helicopters are deployed. The wireless industry provided additional transmitter location data and the FAA said it was able to determine that in the initial 5G deployment, aircraft will be able to safely land in low-visibility conditions on some runways without restrictions. Some notices include details of how instrument approaches at major airports are impacted. The FAA has determined that some GPS-guided approaches will continue to be possible at certain airports like Miami and Phoenix. The FAA said Wednesday that it “expects to provide updates soon about the estimated percentage of commercial aircraft equipped with altimeters that can operate reliably and accurately in the 5G C-Band environment.”

The FAA is still “working to determine which radar altimeters will be reliable and accurate with 5G C-Band deployed in the United States.”

Spairliners and Collins Aerospace in Poland agree to new evacuation slide repair contract

Collins Aerospace in Wroclaw, Poland has been awarded a first-time support agreement for evacuation slides by Spairliners, an independent component aftermarket service provider specialized in the support of the E-Jet aircraft family. Under the agreement, Collins will provide full test and inspection of evacuation systems, as well as repair, modification and replacement services. The operational and technical engineering support from the Collins Wroclaw facility offers efficient, fast and reliable services for all qualifying component and repair work, including access to loan and exchange units.

"This agreement ensures that the fleet of more than 200 E-Jets supported by Spairliners are maintained with the quality and consistency in evacuation slide service that Collins can provide," said Sean Lyons, Vice President of business development for Collins Aerospace. "With spare parts available and dedicated teams specializing in Collins' evacuation systems, our MRO network can quickly and efficiently finalize repairs, returning aircraft to service in a timely manner."

GAT_166

CDB Aviation names Michelle Wu Head of Commercial, Greater China

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has appointed Michelle Wu as Head of Commercial, Greater China.

Wu joins CDB Aviation from GECAS, where she spent a more than two-decades career holding various executive roles focused on executing marketing efforts and nurturing key airline relationships in the region. Most recently, she was Senior Vice President Marketing Commercial & Regional Manager China, leading the lease placement, extension, and sale and leaseback of more than 350 new and used aircraft and freighters. Prior to GECAS, Wu was Deputy Director of Leasing Office at Civil Aviation Administration of China (CAAC), where she arranged aircraft financings for CAAC affiliate airlines and, in her regulatory capacity, participated in drafting the related aviation laws and regulations in China.

Swissport acquires Aruba's aviation ground services

At the beginning of this year, Swissport has finalized the acquisition of AGS Aviation Ground Services in Aruba and assumes the Dutch Caribbean company’s ground handling operations at Queen Beatrix International Airport in Oranjestad (AUA).

With the acquisition of AGS Aviation Ground Services, a ground handling services company first incorporated in Aruba in 1991, Swissport extends its service portfolio on the Caribbean Island to include airport ground services and aviation security services. The consolidation of the Dutch Caribbean company with Swissport also adds a dozen new international carriers from North America, Latin America and the Caribbean region to the Swiss aviation service provider’s network of global airline customers.

The acquisition of AGS Aviation Ground Services comes on the heels of Swissport’s purchase of Bonaire Air Services and assumption of ground handling operations at Flamingo International Airport in 2021. Prior to 2021, Swissport provided ground handling at Curaçao International Airport. The new ground handling services in Aruba is an expansion of Swissport’s existing operations at Queen Beatrix International Airport, where the Swiss services provider currently maintains an air cargo warehouse established over 50 years ago.

WIL_04

American Airlines and Aer Lingus launch new codeshare agreement

Travelling between the United States and Ireland, also known as the Emerald Isle, will be simple, easy and more convenient for customers as American Airlines and Aer Lingus have launched their codeshare agreement.

To increase connectivity between the US and Europe for customers, American will place its code on Aer Lingus flights between London Heathrow (LHR) and Dublin (DUB). Customers can also book codeshare flights on Aer Lingus from DUB to Amsterdam (AMS); Birmingham, UK (BHX); London Gatwick (LGW) and Manchester, UK (MAN); and from LHR to Belfast City, Northern Ireland (BHD); Cork, Ireland (ORK) and Shannon, Ireland (SNN).

Additionally, customers travelling with Aer Lingus will now be able to book codeshare travel on American Airlines flights from Chicago O’Hare (ORD) to Albuquerque, New Mexico, (ABQ); Nashville, Tennessee (BNA); Dallas-Fort Worth (DFW); Los Angeles (LAX); Seattle (SEA); San Francisco (SFO); San Jose, California (SJC) and Tucson, Arizona (TUS).

Further expansion of the codeshare is also planned in the near future.

FL Technics partners with SETAERO to deliver tailor-made solutions for aircraft parts and materials

A new partnership agreement was signed between FL Technics, a global independent MRO service provider and SETAERO, a leading organization providing repair services for aircraft parts and composites.

The scope of the agreement covers advanced maintenance and repair services integrated with a vast network of FL Technics’ asset trading and management, forming a unique portfolio of tailor-made solutions to repair, supply and maintain airframes, flight surfaces and nacelles. All these components can be scaled and specialized based on clients’ aircraft type, fleet size and geography of operations worldwide. This is a unique business case strengthening positions of both companies in the market and creating new opportunities to meet the ever-shifting needs of clients across the globe.

Teams behind the milestone boast vast expertise in managing aircraft components and materials, to provide tailored services to the customers. Thus, as off the start of cooperation, the two companies will leverage owned and shared expertise as well as resources to deliver specialized off-the-shelf solutions and products for airlines and operators.

Aerovista secures two A321-200PCF conversions with 321 Precision Conversions

321 Precision Conversions, a joint venture between Aircraft Transport Services Group (ATSG) and Precision Aircraft Solutions (PAS), has released that Dubai-based lessor Aerovista has secured two A321-200PCF conversions. The two aircraft, MSNs 1451 and 1503, are scheduled to induct during Q1 and Q2 2023.

“We are excited to have Aerovista as our latest A321-200PCF customer and appreciate its confidence in Precision as a leader in large narrow-body conversions,” commented Zach Young, Director of Sales and Marketing, 321 Precision Conversions.
AviTrader_Weekly_Headline_News_Cover_2022-01-10

click here to download the latest PDF edition

2021-12 Cover

click here to download the latest PDF edition

click here to subscribe to our other free publications

AIRCRAFT & ENGINE MARKETPLACE

click here to view in PDF aircraft and engines available for sale and lease

Follow Twitter
Follow Linkedin
Follow-Us-Facebook
Interested in advertising with AviTrader?

Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
Phone: +1 (788) 213 8543
Tamar