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Tuesday, February 22nd, 2022

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Embraer delivers 141 jets in 2021; has encouraging US$17 billion firm-order backlog

Brazilian planemaker Embraer has released that for the fourth quarter of 2021 it delivered 55 jets, comprising 16 commercial aircraft, 26 light commercial jets and 13 mid-size executive jets. This was in comparison to a total of 71 jets in the fourth quarter of 2020. For the full financial year 2021, the company delivered a total of 141 jets, comprising 48 commercial aircraft, 62 light executive jets and 31 mid-size executive jets. This was in comparison to a total of 130 jets for the full year 2020. As of December 31, 2021, Embraer’s firm order backlog stood at US$17 billion, the highest figure since 2018.

In the fourth quarter of 2021 Embraer signed an agreement with Azorra to acquire 20 new E2 family aircraft (E-190E2s or E195-E2s), plus a further 30 purchase rights in a deal valued at US$3.9 billion and making total sales for the aircraft of 50 for the full year.

Also, during the fourth quarter of 2021 in the executive jets segment, Embraer and NetJets, Inc. signed an agreement for up to 100 additional Phenom 300, in excess of US$1.2 billion. As part of the deal, NetJets will take delivery of the Phenom 300E in the second quarter of 2023, in both the United States and Europe.

Embraer also delivered a new Phenom 300E in Quito, Ecuador, marking the first delivery of the aircraft type in the country and the first Praetor 500 in Canada to AirSprint Private Aviation, a Canadian privately held Fractional Jet Ownership company. (£1.00 = US$1.36 at time of publication).

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Satair and Joramco extend supply agreement at MRO Middle East 2022

Today at MRO Middle East, Satair, an Airbus services company and Joramco, a leading independent commercial aircraft MRO company, have extended an agreement covering the supply of consumables and expendables for the support of Boeing and Airbus aircraft. 

The contract secures solid regional spares availabilities for Joramco and brings the benefits of costs savings, relieving the supply chain and minimising the risk of AOGs. 

With a history of doing business together for more than 25 years, the deal further strengthens the partnership between Satair and Joramco. The agreement has global coverage and is set to go into effect from February 22, 2022.

Fraser Currie, Joramco’s Chief Executive Officer stated: “We are delighted to extend our long-term cooperation with Satair who will continue to be a reliable partner in our sourcing and procurement activities by ensuring and sustaining our access to parts and reducing our lead times.”

Airbus, Safran and Tikehau Ace Capital sign agreement with Eramet for acquisition of Aubert & Duval

Airbus, Safran and Tikehau Ace Capital have signed a Memorandum of Understanding with the mining and metallurgical group Eramet for the acquisition of its subsidiary Aubert & Duval. The three partners intend to acquire 100% of Aubert & Duval through a new joint holding company that would be specifically set up for this transaction and in which they would have equal ownership rights.

Aubert & Duval is a strategic supplier of critical parts and materials for a number of demanding industry sectors, notably the aerospace, defence and nuclear industries, with annual revenues of approximately €500 million and a workforce of around 3,600 employees based mostly in France. The company has end-to-end capabilities in special materials and superalloys, as well as nascent expertise in titanium, which are critical to aerospace, transportation, energy and defence applications.

This acquisition would allow Airbus and Safran to secure the strategic supply chain, for themselves as well as other customers and new material development for current and future civil and military aircraft and engine programmes. It is also consistent with the initiatives taken in the last few years to support the French aerospace industry’s supply chain, and in particular the creation, with the help of the French State, of the Ace Aéro Partenaires fund managed by Tikehau Ace Capital.

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SIA Engineering Group reports financial performance for third quarter FY2021-2022

SIA Engineering Group revenue for the third quarter of FY2021-22 increased 33.8% year-on-year to SG$140.0 million. The increase was largely driven by increase in transit handling-related revenue due to the higher number of flights handled. Expenditure increased at a higher rate of 42.8% to SG$147.8 million, mainly due to reduction in government wage support. Excluding the impact of government wage support, expenditure increased 12.4%.

Share of profits of associated and joint venture companies was SG$40.1 million, an increase of SG$27.8 million (+226.0%) year-on-year with higher contributions from the engine and component segment (+SG$22.4 million) and lower losses from the airframe and line maintenance segment (+SG$5.4 million). The increase for the engine and component segment was mainly due to a one-time writeback of tax provisions by certain associated companies. The increase for the airframe and line maintenance segment was mainly due to increase in flight activities.

Net profit was SG$33.2 million for the quarter ended December 31, 2021, an increase of SG$25.5 million year-on-year. Excluding government wage support and the one-time writeback of tax provisions, the Group would have been in a loss position of SG$7.0 million.

As of December 31, 2021, equity attributable to owners of the parent was SG$1,598.0 million, an increase of SG$64.4 million (+4.2%) from March 31, 2021, mainly due to profits earned in the first nine months of the financial year.

Total assets of SG$1,835.2 million as of December 31, 2021, represented a SG$25.4 million (+1.4%) increase from March 31, 2021. The Group’s cash balance was SG$656.1 million with low borrowings. With recovery trajectory remaining uncertain, the Group continues to exercise prudence in its cash management.

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Taiwan carrier STARLUX takes delivery of first A330-900 aircraft

Taiwan’s STARLUX Airlines has taken delivery of its first wide-body aircraft - an A330-900. It is the first of 26 Airbus wide-bodies set to join the airline’s fleet, comprising eight A330neo and 18 A350s. 

The A330neo aircraft and one A350 are being acquired on lease from ALC, while the airline has 17 A350s on direct order with Airbus. Benefiting from the A330neo’s unbeatable operating economics and award-winning Airspace Cabin, the aircraft will feature a two-class cabin with 28 business-class seats and 269 economy-class seats. 

The A330neo joins an existing fleet of seven single-aisle A321neo aircraft and will complement the airline’s network by flying regional routes from Taiwan to the wider Asia-Pacific.

At the same time, STARLUX has also signed up for the computer-based ACE (Airbus Cockpit Experience) suite training solution. Using a “learning by discovery” approach, STARLUX’s flying crew will be able to use the ACE trainer that simulates a 3D cockpit environment with guided lessons and free play. 

Andy Jones becomes Technical Director at Acro Aircraft Seating

Acro Aircraft Seating has appointed Andy Jones as Technical Director, with immediate effect. Latterly Head of New Product Development at Acro, Jones has been with the organisation since 2016 when he took up the post of Engineering Manager, bringing extensive design and development experience gained within aircraft seating as well as the automotive and industrial equipment sectors.

Within Acro, Jones has brought his expertise to bear on projects across Economy, Premium Economy and Business Class, successfully delivering complex customer programmes, including high-levels of customisation and collaboration with airline product and operational teams. In particular he redefined and further streamlined the company’s new product introduction process, shortening time to market and supporting Acro’s well known agility within the increasingly fast-moving global market.

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Avionica obtains FAA STC approval for new high-performance LTE cell module

Avionica, one of the leading providers of connected aircraft solutions for powering secure data and communications, has obtained a new FAA Supplement Type Certification (STC) approval. This STC approval covers its new avCM LTE wireless high-performance LTE cell module. The LTE avCM provides state-of-the-art support. When the LTE avCM is paired with an Avionica miniQAR (Quick Access Recorder) or avRDC MAX (Remote Data Concentrator), the Avionica avCM LTE seamlessly transfers recorded aircraft data from the aircraft automatically to aircraft operators within minutes after landing.

Additionally, the Avionica avCM LTE is faster than its predecessor. It is capable of transfers speeds up to 600 Mbps downlink and 150 Mbps uplink by utilizing an LTE cellular transceiver. The avCM LTE is approved on almost 400 aircraft models and installs on most aircraft with minimal modifications. When installed with the miniQAR the total weight is less than 10 ounces.

This monumental development comes at a critical time in aviation history. With the upcoming 3G Network shut down looming in front of us, Avionica has taken proactive measures and released the avCM LTE. This release will provide enhanced support to existing and new customers with wireless flight data transfers in a “post worldwide 3G network”.

ACE Suite offers an efficient learning process that also provides customers with significant time savings off high-level devices training. Users can enjoy better knowledge retention and continuous skills reinforcement. ACE Suite is approved by EASA and in line with ICAO regulations.
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Tamar Jorssen
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Email: tamar.jorssen@avitrader.com
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Tamar