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

LATEST NEWS

Wednesday, February 16th, 2022

brought to you by
ROY-Sponsor

Malaysian Aviation Group to lease 25 Boeing 737-8s from Air Lease Corporation

Los Angeles, California-based Air Lease Corporation (ALC), has announced that it has placed 25 Boeing 737-8 aircraft with Malaysian Aviation Group (MAG), the parent company of Malaysia Airlines. Deliveries are due to commence in early 2023 and will continue through until 2026, the planes coming from ALC’s order book with Boeing.

Izham Ismail, Group Chief Executive Officer of MAG said: “After a detailed tender process in the last quarter, we are pleased to appoint ALC as the aircraft lessor for our Boeing 737-8 fleet. This exercise is tied to the restructured terms of our existing orderbook with Boeing.  We are happy to have in ALC, a partner who is committed to be part of our future endeavours as outlined in our Long-Term Business Plan 2.0 (‘LTBP2.0’).  The 737-8 is key to LTBP2.0 with its superior product offerings and better fleet performance which includes amongst others, improved fuel efficiencies of up to 15%. This aligns well with our sustainability journey, whilst also enabling MAB with greater flexibility and agility to implement our future network strategies.”

ALC is principally engaged in purchasing commercial aircraft and leasing them to its airline customers worldwide through customised aircraft leasing and financing solutions.

EFW secures new A321P2F orders from SmartLynx

Elbe Flugzeugwerke (EFW), Centre of Excellence for Airbus freighter conversions and joint venture of ST Engineering and Airbus, has received new orders for six A321 Passenger-to-Freighter (P2F) conversions from SmartLynx Airlines (SmartLynx), a European ACMI charter and cargo operator. This latest order will greatly boost the narrow-body freighter aircraft fleet of Smartlynx, which is currently operating an A321P2F aircraft converted by EFW.

The conversions are scheduled in 2022 and 2023 and will be performed at ST Engineering’s conversion sites in Singapore and China. SmartLynx will operate all six A321P2F aircraft for DHL in Europe.

“These new orders, which came after SmartLynx leased and operated its first A321P2F freighter converted by EFW, is a stamp of approval for our conversion solutions,” said Andreas Sperl, CEO of EFW. “We are confident that our P2F programmess will create great value for customers such as SmartLynx, as they plan on growing their fleet with reliable and high-performance freighter aircraft.”

All Nippon Airways extends Boeing Maintenance Performance Toolbox for entire fleet

Boeing announced t the Singapore Airshow that All Nippon Airways (ANA) has signed an extension for Boeing’s Maintenance Performance Toolbox for another five years. The Japanese carrier has used the Boeing digital solution the past eight years to manage maintenance information for its entire fleet of aircraft and engines.

Maintenance Performance Toolbox allows operators to simplify their maintenance operations by enabling them to manage, distribute, process and view intelligent maintenance documentation in a uniform digital format through a single interface, regardless of aircraft manufacturer or engine type.

SKS_01

Pratt & Whitney Canada expands spare engine solution portfolio with new options for engine leasing and ownership

Pratt & Whitney Canada (P&WC) has added a new lease-to-own option to its growing portfolio of spare engine solutions. The portfolio, launched in 2020, also includes flexible options such as long-term leasing and on-wing leasing, complementing the existing short-term rentals offering to customers who are looking to prioritise their spending, reduce costs, better plan their monthly expenses and extend aircraft life.

With the lease-to-own option, customers can lease a new or used P&WC engine and own it by the end of the lease term.

Other options in the spare engine solutions portfolio include: long-term leasing – equips the customer with a latest-configuration spare engine for 12 months or more at a competitive price.

On-wing leasing – P&WC leases an engine that will remain on-wing. In some cases, P&WC will purchase the customers’ existing engine and lease one back to them, giving them access to capital and lowering their operating expenses, while extending the life of their mature aircraft.

Short-term engine rental – available to customers while their engine is in the shop for scheduled or unscheduled maintenance.

Vietjet inks deal with LHT to digitalise its fleet's technical information update process

Vietjet and Lufthansa Technik have signed an agreement at the Singapore Airshow to adopt AVIATAR's Technical Logbook, the seamless digital pilot-to-maintenance collaboration application.

The application will be equipped on Vietjet's entire fleet to replace the manual and paper-based process of capturing technical issues during flight and on ground and improve data quality and speed as well as transparency. AVIATAR's Technical Logbook enables completion of flight logbook input and maintenance pre, during flight and upon arrival as it is seamlessly integrated in Vietjet's maintenance and engineering system.

Furthermore, the application's advanced features and enhanced back-end capabilities will lead to decreased turnaround times while increasing the fleet's technical reliability and operational safety.

Eve and Microflite announce partnership to bring UAM services to Melbourne with initial order of up to 40 eVTOLs

Eve and Microflite, one of Australia’s premier helicopter operators, have announced at the Singapore Airshow an order of up to 40 low-noise zero-emission eVTOLs (electric vertical take-off and landing aircraft) to support the commencement of new electric UAM (Urban Air Mobility) operations in Australia in 2026.

Microflite and Eve plan to begin their partnership using helicopters as a proof of concept to validate parameters that will apply to future eVTOL operations. This partnership also aims to develop new services and procedures that will create a safe and scalable operating environment for eVTOL operations together with communities and other industry stakeholders.

“This order builds on the successful partnership we have established with Eve and validates the exciting potential of zero-emission aircraft in Australia. After working closely with Eve over the past few months, we have identified a network of potential routes and we look forward to working with commercial partners and communities to prioritise these routes and trial selected operations with our existing fleet,” said Jonathan Booth, CEO of Microflite.

CCT_10

JetBlue adds 30 Airbus A220s to order book

JetBlue has announced an agreement to exercise its option to add 30 additional Airbus A220-300 aircraft to its order book, bringing the total number of A220s in the airline’s fleet and on order to 100. The aircraft’s strong economics and operational performance are a key to JetBlue’s long-term cost performance, while also enabling more sustainable flying, greater flexibility to support JetBlue’s network strategy and the introduction of its all-new onboard experience to more customers.

“We’re already seeing benefits from the eight A220s we’ve added to the fleet and we’re very happy to have more on the way,” said Robin Hayes, Chief Executive Officer, JetBlue. “We’ve seen double-digit increases in customer satisfaction scores and these fuel-efficient aircraft support our leadership in reducing carbon emissions. With 30 additional A220s on order, we’re in a position to accelerate our fleet modernisation plans to deliver stronger cost performance and support our focus city network strategy.”

In 2018, JetBlue announced its initial order of 60 A220s and the option for 60 additional aircraft. JetBlue converted 10 of 60 options to firm orders in 2019 and the 30 A220s announced on February 15, will enable acceleration of the retirement of JetBlue’s Embraer E190 fleet.

Aergo Capital acquires first of three new Boeing 737-8 aircraft on lease to Lynx Air

Aergo Capital Limited (Aergo) has completed a sale-and-leaseback of the first of three B737-8 aircraft with Lynx Air (Lynx), Canada’s newest ultra-affordable carrier. Each of the three aircraft will be financed with equity provided by CarVal Investment funds and debt arranged by AV AirFinance.

Fred Browne, Chief Executive Officer of Aergo, commented: “We are extremely happy to work together with Lynx Air and AV AirFinance on this transaction. With the closing of the first aircraft, Aergo has added a new aircraft type with the Max, a new lessee with Lynx Air, and a new financier, with AV Airfinance. We found all parties to be proactive and highly professional in this transaction which resulted in a smooth closing process. We look forward to further developing our commercial relationship with Lynx Air and AV AirFinance.”

MTU Maintenance posts net income of €342 million for 2021

MTU Aero Engines AG has published its preliminary figures for 2021: Revenue rose 5% from €3,977 million to €4,188 million. Operating profit was 13% higher at €468 million (2020: €416 million). The adjusted EBIT margin was 11.2%, compared with 10.5% in 2020. Net income climbed to €342 million in 2021 (2020: €294 million).

In commercial maintenance (MRO), MTU raised revenue by 9% to €2,741 million in 2021 (2020: €2,522 million). Around 60% of the revenue mix was work in MTU’s core MRO business and around 40% comprises maintenance work on the Geared Turbofan™. “On a dollar-basis, MRO reported a 13% rise in revenue, which was not quite as strong as had been anticipated,” said CFO Peter Kameritsch. MTU had assumed the commercial maintenance business would report organic revenue growth in the mid-teen percentage range. The main revenue drivers in this business were the PW1100G-JM engine for the A320neo and the V2500, which is used in the classic A320 aircraft.

In the commercial engine business, MTU generated revenue of €1,066 million (2020: €1,052 million). Organic revenue increased by 5% in the spare parts business but fell by 6% in the series business.
“A quarterly view shows an organic improvement in both areas,” said Kameritsch. “In the fourth quarter, revenue from the series business was about 20% higher than in the fourth quarter of 2020 and in the spare parts business the increase was around 40%.” The PW1100G-JM for the A320neo was the main revenue driver in the commercial engine business.

At the end of 2021, MTU’s order backlog amounted to €22.2 billion, compared with €18.6 billion at year-end 2020. “That is a new record and further evidence of MTU’s future viability,” said Reiner Winkler, CEO of MTU Aero Engines. “In 2021, we secured commercial maintenance orders worth US$4.6 billion. Particularly given the difficult market situation, that is evidence of MTU’s strong market position.”  The order backlog mainly relates to V2500 and the Geared Turbofan™ engines in the PW1000G family, especially the PW1100G-JM.

GAT_175

SIA finalises order for A350F aircraft

Singapore Airlines (SIA) has finalised a purchase agreement with Airbus for seven A350F freighter aircraft at the Singapore Airshow . The order firms up the carrier's commitment to the new-generation freighter announced by the plane maker in December 2021. The newly ordered aircraft will replace the carrier’s existing 747-400F fleet from the fourth quarter of 2025. 

The A350F meets the imminent wave of large freighter replacements and the evolving environmental requirements, shaping the future of air freight. The A350F will be powered by the latest technology, fuel-efficient Rolls-Royce Trent XWB-97 engines.

The A350F is based on the most modern long-range passenger family. With a 109- tonne payload capability, the A350F will serve all cargo markets. The aircraft features a large main deck cargo door, with its fuselage length and capacity optimised around the industry’s standard pallets and containers.

Collins Aerospace to supply sensors to Hainan Airlines

Collins Aerospace has signed a long-term agreement with Hainan Airlines to provide Pitot and total air temperature sensors (Air Data Sensors) for its fleet of 500 aircraft, including the Airbus A320, Airbus A330 and Boeing 737NG. Hainan Airlines is a global airline, based out of China, with worldwide routes.

The Airbus aircraft will be retrofitted with the 0851MC Pitot probe, developed to comply with current FAA and EASA ice crystal and mixed phase icing requirements. This will provide the aircraft with improved performance during icing conditions, enhance safety and help keep flights on-time and on-schedule.

In addition, Collins’ OEM-approved Air Data Sensors — which are critical to aircraft performance by measuring a range of important data including air speed, altitude and air data computer calculations — will provide the Boeing 737NG fleet with higher product reliability, cost savings and improved aircraft efficiency.

CFM International appoints Karl Sheldon as Executive Vice President

CFM International has appointed Karl Sheldon as Executive Vice President, replacing Allen Paxson.

Paxson, who had served in the role since May 2014, was recently appointed Vice President, Commercial Programmes Strategy for GE Aviation. In this newly created role, he will be responsible for development and integration of strategies for the company’s commercial markets, execution on advanced engine technology programmes, including the CFM RISE programme and sustainability efforts.

Sheldon is also general manager of the CFM project department for GE Aviation. As part of the CFM Executive Team, he is responsible for overseeing programmes carried out by CFM. Along with his counterpart at Safran Aircraft Engines, Sébastien Imbourg, Sheldon also serves as the primary interface between the two companies.

American Airlines to expand Embraer fleet with order of three new E175 aircraft

American Airlines has signed a firm order with Embraer for three new E175s. The aircraft will be operated by American’s wholly owned subsidiary, Envoy Air. With deliveries to be completed this year, Envoy’s fleet of E175s will grow to over 100 aircraft by the end of 2022. The contract value is US$160.2 million at current list prices and will be included in Embraer’s 2021 fourth quarter backlog.

“Our incredible journey with Embraer began almost 25 years ago with the ERJ 145. Our partnership continues to grow today with the E175s, the core of our fleet. Not only are our customers happy with the aircraft, but the jet’s outstanding performance has allowed us to continue to provide excellent service to American Airlines,” said Pedro Fábregas, President & CEO of Envoy. “We look forward to receiving these three new aircraft later this year as we continue to expand our growing network.”

King Aerospace expands modification services with addition of two Arkansas hangars

King Aerospace Commercial Corporation (KACC) has signed a lease agreement for two hangars at the Northwest Arkansas Regional Airport (XNA) near Rogers. The secure-environment hangar spaces will be used to support highly specialized, FAA Part 145 modifications, engineering and integration services for mission-critical government or quasi-government wide-body aircraft. These include everything from upgraded airborne defense systems to next-generation information systems. The facility, which will be called KACC ARK, will also provide maintenance, installation, programme management and VIP interior refurbishment to accompany these specialized modifications.

In preparation of King Aerospace’s occupancy, the hangars have undergone significant upgrades. These include shop facilities, spray booth, exhaust systems, LED lighting and state-of-the-art fire suppression. In-house technicians and artisans will ensure interiors executed to perfection and impeccable special-equipment modifications to support needs unique to highly specialized government or quasi-government modifications. The hangars can hold multiple, wide-body aircraft, such as the Boeing 747, 767 and 777 aircraft.
AviTrader_Weekly_Headline_News_Cover_2022-02-14

click here to download the latest PDF edition

mro-2022-01-cover.jpg

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