Friday, April 13th, 2018



Boeing partners with Hindustan Aeronautics to bid for Indian Fighter Jet contract

The Indian government has been looking for a new source for up to 400 jets for the Indian Air Force after the cancelation of the 126-plane Dassault deal in 2015.

While Lockheed has partnered with salt-to-software conglomerate Tata Group to bid for the current 110 fighter jet contract with the F-16, and Saab teaming up with Gautem Adani, the Indian billionaire, to bid with its Gripen jet, Boeing has joined the race after teaming up with Hindustan Aeronautics Ltd. to offer its F/A Super Hornet. The deal is expected to be worth a figure in excess of US$15 billion.

As part of the deal’s mandate and in line with Prime Minister Narendra’s ‘Make in India’ policy, at least 85% of any aircraft must be built locally. The government’s search for fighter jets began over 15 years ago and a condition of the current bidding is that delivery must start within three years of a contract being signed.

Prime Minister Narendra Modi is extremely keen to acquire new military aircraft as the South Asian nation faces increased risks from neighboring Pakistan and China and it is currently phasing out its existing jets, Russian MIG fighters.


Turkish Technic and HAVELSAN sign MoU with Inmarsat for “inflight connectivity & in flight entertainment” collaboration

Turkish Technic and HAVELSAN have signed a Memorandum of Understanding with Inmarsat on development of integrated inflight connectivity and entertainment solutions.

As part of the collaboration, the three companies will offer a joint solution for emerging markets, which integrates Inmarsat’s award-winning GX Aviation inflight broadband solution with the Turkish Technic-HAVELSAN inflight entertainment system.

Mexico’s Interjet and WOW air select Safran NacelleLife™ support services

Safran Nacelles has signed an agreement with Interjet to provide repair services and spares pool resources for engine nacelles that equip Airbus A320neo-series jetliners operated by the Mexican airline.

The five-year agreement covers the A320neo family of aircraft, which are powered by CFM International LEAP-1A turbofan engines.

Safran Nacelles' repair services and spares resources are part of the company's new NacelleLife™ support program, which ensures responsive, cost effective and high-quality services that keep airliners in operational condition while minimizing costs.

Safran Nacelles also signed a contract with WOW air to provide repair and maintenance support for engine nacelles on the Icelandic airline's growing fleet of Airbus A320neo-series jetliners, which are powered by CFM-1A engines.

The contract was signed for a five-year period and covers repair services and spares pool access for WOW air's fleet of Airbus A320neo family aircraft.


Liebherr Group posts 2017 net income of €331m

In 2017, the Liebherr Group achieved the highest turnover in the Group's history, with total sales of € 9,845 million. Compared to the previous year, the family-run company increased its revenue by 9.3%. The Group is expecting further sales growth for 2018.

The Liebherr Group posted a net result of €331m for the year. Compared to the previous year, this represents an increase of €33m or 11.1%. In the reporting year, there was a significant improvement in the operating result. Following the positive effects of currency movements in the previous year, the financial result, on the other hand, fell sharply.

IAG makes minority investment of 4.61% in Norwegian

IAG, parent company of British Airways and Iberia, has acquired a 4.61% ownership position in Norwegian Air Shuttle ASA (Norwegian).

IAG said that it considers Norwegian to be an attractive investment and that it intended to establish a position from which to initiate discussions with Norwegian, including the possibility of a full offer for Norwegian.

At the same time IAG made it clear, that no such discussions have taken place to date and that it has taken no decision to make an offer at this time.


AerFin and GE Aviation sign material service agreement

Wales-based aftermarket supply specialist AerFin signed a three-year TrueChoice™ Material agreement with GE Aviation for serviceable OEM parts, advanced repairs and technology upgrades for the CFM56, CF34 and CF6-80C2 engines.

"Since its inception, AerFin has seen the value of OEM-centric material support," said Bob James, CEO of AerFin. "With the TrueChoice™ Material program, we can further enhance and strengthen our relationship with GE Aviation in the future."

The TrueChoice suite of engine maintenance offerings incorporates an array of GE capabilities and customization across an engine's lifecycle. TrueChoice Material offers high-quality new and used OEM parts, advanced repairs and technology upgrades to enhance engine performance and support higher engine residual value. All TrueChoice offerings are underpinned by GE Aviation's data and analytic capabilities and experience to help reduce maintenance burden and service disruptions for customers.

Hi Fly welcomes two new A330-200 aircraft to its fleet

Hi Fly, an European airline specialized in Wet Lease, will welcome two new Airbus A330-200 to its fleet this summer.

The two Airbus A330s, coming from a direct order to Airbus Industries, are currently in final assembly stage in Toulouse and will be delivered to Hi Fly one in June and the other in July 2018. Both aircraft have a 2-class cabin configuration with the total capacity of 274 passengers allocated between Business class (18) and Economy class (256).

The aircraft will be equipped with Rolls-Royce Trent 700 engines and state-of-the-art technology and finishing.

Component Control expands partnership with Oracle, now authorized reseller

Component Control has announced an expanded Partnership with Oracle. Component Control has been an Oracle partner since 2003 and with the recent agreement will now be authorized to re-sell Oracle as a Gold OPN partner.

“We have been working with Oracle technology for several years and lean heavily on their world-class solutions”, said Daniel Tautges, Sr. Vice President of Component Control. “By expanding our agreement to the Gold-level we will be able to offer our customers our leading ERP Aviation Software Suite as well as the Oracle licensing to operate.”

Component Control

GECAS leases twelve 737 MAX8s to Jet Airways

GECAS has committed to lease twelve Boeing 737 MAX8s to Jet Airways (India) with deliveries commencing from June 12, 2018 and continuing into 2020.

Six of these MAX aircraft will be from GECAS’ skyline order while the other six are from sale and lease back transactions from Jet Airways’ order book. The new technology aircraft are fitted with CFM-LEAP-1B27 engines.

Airbus shareholders approve appointment of three new independent non-executive directors

Airbus shareholders have approved the appointment of three new independent non-executive directors to replace long-serving Board Members whose mandates expired, at the close of its 2018 Annual General Meeting (AGM).

Following the AGM’s approval, Victor Chu joins the Airbus Board of Directors for a term of three years. Mr. Chu, who is Chairman and Chief Executive Officer of Hong Kong-based First Eastern Investment Group and a Member of the Board of China Merchants China Direct Investments, replaces Sir John Parker.

Jean-Pierre Clamadieu, Chief Executive Officer and Member of the Board of Directors of Solvay SA and a Member of the Board of AXA SA, joins the Board and replaces Jean-Claude Trichet.

René Obermann, a Managing Director at Warburg Pincus, Member of the Board of Telenor ASA and a Member of the Supervisory Board of ThyssenKrupp AG, replaces Hans-Peter Keitel on the Board.

The mandate of non-executive director Amparo Moraleda was renewed for three years at the meeting. Mandates of all other Board members were not subject to any decision at the AGM.

LHT and Asiana Airlines sign component services agreement for carrier's Boeing 777 fleet

Lufthansa Technik and Asiana Airlines from South Korea, have signed a new, long-term agreement for Total Component Maintenance (TCM).

The contract has a term of ten years starting in April 2018 and covers the nine aircraft in Asiana's Boeing 777-200ER fleet. Component repairs will take place at Lufthansa Technik's workshops in Hamburg.

Lufthansa Technik also helps its customer Asiana Airlines build up additional component repair capacities at its headquarters in the South Korean capital of Seoul. The necessary exchanges of information and initial events like training courses have already begun.


SIA Engineering Company signs IFEC maintenance agreement with Thales

SIA Engineering Company has signed an In-Flight Entertainment and Connectivity (IFEC) maintenance agreement with Thales.

Singapore Airlines (SIA) had selected Thales’ AVANT IFE system and Ka-band connectivity solution for its fleet of A350 XWB aircraft configured for medium-haul operations. This IFEC maintenance agreement between SIAEC and Thales will support the SIA fleet for an initial term of 10 years and the scope of services will include line maintenance, software and media content loading, and support.

Royal Aero acquires ex-Aruba A320 from AerCap

Royal Aero has acquired an ex-Aruba A320 aircraft, MSN 0582, from AerCap for disassembly of the airframe and lease of its V2527A5 engines.



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The Road Ahead for Asset Management 2018
April 18, 2018 – Gibson Hotel, Dublin, Ireland

Technical Aspects of a Leased Asset 2018
June 5, 2018 – Jury’s Inn Hotel, Prague

Maintenance Reserves Seminar 2018
June 6, 2018 – Jury’s Inn Hotel, Prague

Engine Leasing Seminar
September 18, 2018 – Copthorne Tara Hotel, Kensington, London, UK

Transactional Support & Risk Management Seminar, London
September 19, 2018 – Copthorne Tara Hotel, Kensington, London, UK

Aircraft Economic Life Summit 2018
November 20, 2018 – Gibson Hotel, Dublin, Ireland
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