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Wednesday, March 30th, 2022

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Pratt & Whitney sign MOU with Air bp on SAF testing and research

Pratt & Whitney has signed a memorandum of understanding with Air bp regarding various workstreams with respect to the application of sustainable aviation fuel (SAF) blends at up to 100% in Pratt & Whitney engine testing and research. The agreement reflects Pratt & Whitney’s commitment to supporting the aviation industry’s ambitious goal of reaching net-zero CO2 emissions for air travel by 2050.

As part of the agreement, the parties will work collaboratively to explore the viable supply to Pratt & Whitney of SAF blends with up to 100% SAF for engine and propulsion systems testing through 2024. In addition, the two companies aim to collaborate on researching the performance of 100% SAF in propulsion systems to provide insights and data into fuel performance and emissions reductions.

Pratt & Whitney is committed to ensuring that future generations of engines are ready to operate with 100% SAF, including the GTF AdvantageTM engine. Since entering service in 2016, the Pratt & Whitney GTF engine family has saved operators more than 600 million gallons (two billion litres) of fuel and avoided more than six million metric tonnes of CO2. Besides enabling greater use of SAF, Pratt & Whitney is developing a range of technologies to drive further reductions in CO2 emissions from future aircraft designs, including more advanced gas turbine technologies, hybrid-electric systems and hydrogen fuel technologies.


Lufthansa Technik expands 5G network to second overhaul shop in Hamburg

More than two years ago, Lufthansa Technik was one of the first industrial companies in Germany to start setting up so-called campus networks based on the latest mobile communications standard 5G. Based on the excellent experience in the engine services business unit, the 5G network there has now been extended to a second overhaul workshop.

As a result, additional customers can now witness their engine layovers remotely via the AVIATAR platform. Any interference with flight operations, which was recently the subject of controversy in the United States, can be ruled out at the Hamburg base.

Lufthansa Technik had already been operating its own 5G campus network since 2020. At that time, it was used for the first time in a Hamburg workshop for aircraft engines, where the CFM56 and V2500 types are overhauled. Here, 5G made it possible to reliably use high-resolution video streams in the visual inspection of engine parts. In times of massive travel restrictions during the CORONA crisis, this so-called "Virtual Table Inspection" (VTI) quickly advanced from a test project to a business-critical infrastructure, because customers no longer had to travel to Hamburg to have their engine parts inspected.

Willis Lease Finance signs regional aircraft and engine deal with TAG Airlines

Willis Lease Finance has entered into lease agreements with Transportes Aéreos Guatemaltecos (TAG Airlines) for four ATR 72-500 aircraft. The five-year deal sees the aircraft overhauled and refurbished, fitted with new Pratt & Whitney Canada PW127M engines.

The ATR 72-500 aircraft is known to be one of the most efficient and environmentally friendly aircraft in the world. The aircraft can hold up to 74 passengers in a spacious two by two seating configuration. In addition to the aircraft leases, TAG will be included in Willis Lease’s ConstantThrustTM programme. Under the agreement, programme maintenance and care for the engines is overseen by Willis Lease, including providing spare engines when the need arises.

“This is the first time we have signed a regional airline to our ConstantThrustTM programme,” said Willis. “To date, we have provided ConstantThrustTM to our large-fan engine customers. With the signing of TAG, we are breaking new ground, improving the levels of service for regional carriers and providing them the same kind of superior service, dispatch reliability and support that major international air carriers enjoy.”

Aircraft deliveries are expected to begin in the first half of 2022.


Bamboo Airways selects REVIMA for A320 and A321 landing gear MRO

Revima, a leading independent APU and landing gear MRO specialist, has been selected by Bamboo Airways for its A320 and A320 landing gear overhauls to be performed in its new Thailand facility. As part of this agreement Revima will provide leased shipsets to support Bamboo Airways.

The MRO work will be provided by Revima’s new state-of-the-art facility located in Chonburi, Thailand. The brand-new 11,000 m² facility has full in-house repair capabilities, including very large plating and machining installations. It is strategically located in Southeast Asia and is currently staffed by over 90 experienced technicians and engineers, benefitting from Revima’s over 60 years landing gear MRO experience. The Thailand operations also houses a world-class dedicated customer service centre.

GA Telesis names Maylin Salgado, Vice President of ESG & Global Quality Systems

GA Telesis (GAT) has promoted Maylin Salgado to the role of Vice President of ESG and Global Quality Systems. In continuing its focus towards a better future and long-term sustainability, GA Telesis strategically emphasises its ESG initiatives with a simple view of making the world a better place for all its inhabitants.

The company is no stranger to ESG and has led the way, in its sector, with many of the relevant initiatives necessary for a successful ESG strategy implementation. Salgado's focus will be to promote sustainability internally and across the global industry.

Salgado will develop, consolidate, operationalise and publicise GA Telesis’ ESG strategies and initiatives through coordination with multiple internal teams and global business unit stakeholders, furthering the company’s ongoing mission of promoting sustainability.


CargoJet signs long-term agreement with DHL to provide global air-transportation services

Cargojet has entered into a new long-term strategic agreement with DHL Network Operations (USA), an affiliate of Deutsche Post DHL Group, for a term of five years with a renewal option for an additional two years, to provide air-transportation services for DHL’s global network.

The agreement is expected to be meaningfully accretive to Cargojet’s earnings and cash flows over time and help Cargojet further diversify its portfolio of services in line with its previously announced strategic goal of achieving a balanced portfolio.

Under the agreement, Cargojet will provide ACMI, CMI, charter and aircraft dry lease services to DHL to support DHL’s international requirements for Europe and North, South, Central and Latin America, as well as Asia. Cargojet utilises 12 freighters to service DHL’s current requirements. DHL intends to add five additional B-767 freighters during the 2022-23 timeframe to fulfill DHL’s anticipated network requirements. Additionally, DHL intends to be Cargojet’s inaugural launch customer for the state-of-the-art B-777 wide-body long-range cargo aircraft, which are expected to be deployed in late 2023 or early 2024.

In addition, to align interests and strengthen the long-term strategic relationship, Cargojet will issue to DHL warrants to acquire up to 9.5% of Cargojet’s outstanding voting shares (on a non-diluted basis as of the date hereof) at a price of CA$158.92 per share (based on the 20-day volume weighted average trading price immediately prior to the date hereof) over a period of seven years, with vesting tied to the delivery by DHL of up to CA$2.3 billion in business volume during the same term.

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Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
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