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Thursday, May 5th, 2022

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MTU CEO Reiner Winkler to step down

After its Supervisory Board meeting on Wednesday, May 4, MTU Aero Engines AG (MTU) has announced that its CEO, Reiner Winkler, will be stepping down and leaving the company, for personal reasons, at the end of the year.

“After more than twenty years in the management board of MTU, I now see the time has come to pass on my responsibilities. The company’s expected new growth phase and the excellent succession plan at the top of both the Supervisory and the Management Board appear to be a very suitable point in time. I am extremely thankful that I was allowed to help shape the successful development of MTU over such a long period of time.”

Winkler had been on the management board of the company for over twenty years and his appointment as CEO was due to end on September 30, 2024. Lars Wagner, the current MTU COO, has been unanimously chosen by the Board to take the helm as of January 1, 2023.

Klaus Eberhardt will retire as Chairman of the Supervisory Board of MTU Aero Engines with the Annual General Meeting on May 5, 2022. Gordon Riske has been proposed as his successor and he has already accompanied the selection process for the CEO position. In the coming months, Riske and the further members of the Supervisory Board will shape the search for a female board member as a replacement for the vacant Executive Board position as well as help design the exact division of responsibilities at the Executive Board. According to legal requirements, a woman shall be nominated as the fourth member of MTU’s Executive Board.

MTU is Germany's leading engine manufacturer and is a technological leader in low-pressure turbines, high-pressure compressors, turbine centre frames as well as manufacturing processes and repair techniques. In the commercial OEM business, the company plays a key role in the development, manufacturing and marketing of high-tech components together with international partners. Some 30% of today’s active aircraft in service worldwide have MTU components on board.


Aventure Aviation acquires Boeing 737NG for tear-down

Aventure Aviation has acquired a Boeing 737NG, MSN 35140, the youngest 737NG airframe it has ever obtained. Teardown for the recently retired TUI Airways aircraft will be done by KLM UK Engineering in Norwich, United Kingdom.

This is Aventure's fourth 737NG purchase for 2022. Parts will join an extensive stock of existing 737NG inventory stored in Atlanta. The purchase comes a few weeks after Aventure's acquisition of a WestJet Airlines Boeing 737NG, MSN 32713.

"Our growing list of teardowns has allowed us to develop operating procedures that ensure efficient handling of the entire process from start to finish," said Sales Director Andrew Crombie. "With passenger numbers growing around the world and Boeing 737NG load factors continuing to outpace any other aircraft type, we are committed to building up a large inventory."

FL Technics signs warehousing contract with B&H Worldwide

FL Technics has signed a contract with B&H Worldwide to manage its aircraft parts storage in Germany. The two companies have had a long-term commercial relationship in both the UK and Singapore, but this is the first time they have worked together in mainland Europe.

Effective immediately, B&H Worldwide will utilise its Frankfurt warehouse facility to store a range of aerospace consumables, engine spare parts, rotables and dangerous goods for FL Technics to ensure they can be efficiently distributed to customers across the European Union.

FL Technics is a global provider of MRO services, operating in North America, Europe, and Asia-Pacific, ranging from base maintenance solutions and the largest independent line maintenance network to aviation assets trading and management services as well as specialized shops for production, engine repairs, and wheels and brakes maintenance operations.

All warehousing will be undertaken adhering to strict operating procedures, safety protocols and administrative controls and will be managed using FirstTrac, B&H’s unique, in-house developed aerospace software solution.


Qantas to acquire Alliance Aviation

Qantas has reached an agreement to fully acquire Australian-based operator, Alliance Aviation Services (Alliance), enabling the national carrier to better serve the growing resources sector.

The agreement, which is subject to a vote from Alliance shareholders and competition clearance, would see Alliance become a wholly owned part of the Qantas Group.

Alliance has a fleet of 70 jet aircraft that seat up to 100 people each, making them well suited to charter operations. Between these charter services and a small number of passenger routes that overlap with large mine sites, Alliance accounts for around 2% of the total domestic market.

The national carrier is Alliance’s biggest single customer, with a long-term agreement that sees Alliance operate up to 18 newly acquired E190 jets for QantasLink. This arrangement has helped open new direct routes and increase frequency across regional Australia.

Qantas bought just under 20% of Alliance in February 2019 and at the time flagged its long-term interest in acquiring 100% of the airline. The ACCC investigated that minority holding for three years and made no findings that it lessened competition.

Under this new agreement, the remaining 80% would be acquired through a scheme of arrangement where Alliance shareholders receive Qantas shares worth AU$4.75 for each Alliance share they hold, representing a 32% premium to Alliance’s volume weighted average price for the past three months. Qantas would issue new shares valued at approximately AU$614 million in a transaction that is expected to be EPS accretive for Qantas shareholders, before synergies.

AAR signs marketing partnership agreement with ProvenAir Technologies

AAR, a leading provider of aviation services to commercial and government operators, MROs and OEMs, has signed a marketing partnership agreement with ProvenAir Technologies to enhance the digital solutions available to AAR customers.

ProvenAir’s digital solution leverages advanced technologies to analyse and dynamically generate back-to-birth (BtB) trace history for life limited parts. ProvenAir automates the BtB process to save aviation customers time, increase records quality, shorten the sales cycle, ease aircraft transitions, and increase the residual value of used serviceable material.

“AAR continues to focus on digital solutions that enhance and differentiate our offerings. We are impressed by ProvenAir’s technology and have been able to realize internal efficiencies from utilising ProvenAir for our own parts supply and landing gear needs,” said Rahul S. Ghai, AAR Chief Digital Officer. “Leveraging our global sales team to connect aircraft owners and operators with ProvenAir for the benefit of our customers is a natural progression of our relationship.”


Airbus to increase A320 production rate and will grow its footprint in Mobile, U.S.

Airbus has announced that commercial aircraft production for the A320 family is progressing towards a monthly rate of 65 aircraft by summer 2023, in a complex environment. Following an analysis of global customer demand as well as an assessment of the industrial ecosystem’s readiness, the company is now working with its suppliers and partners to enable monthly production rates of 75 in 2025. This production increase will benefit the entire global industrial value chain. Airbus will meet the higher production rates by increasing capacity at its existing industrial sites and growing the industrial footprint in Mobile, US, while investing to ensure that all commercial aircraft assembly sites are A321-capable.  

On the A321XLR, the company continues to work towards a first flight by the end of Q2 2022. Initially planned for the end of 2023, the entry-into-service is now expected to take place in early 2024 in order to meet certification requirements.

Airbus reported consolidated financial results for its first quarter (Q1) ended March 31, 2022. The company reported that consolidated revenues increased 15% to €12.0 billion (Q1 2021: €10.5 billion), mainly reflecting the higher number of commercial aircraft deliveries and a favourable mix. A total of 142 commercial aircraft were delivered (Q1 2021: 125 aircraft), comprising 11 A220s, 109 A320 family, six A330s and 16 A350s.

The financial results reflect 140 commercial aircraft deliveries after the reduction of two aircraft previously recorded as sold in December 2021 for which a transfer was not possible due to international sanctions in place. Revenues generated by Airbus’ commercial aircraft activities increased 17%, mainly reflecting the higher deliveries and favourable mix.

Collins Aerospace kicks off installations of new Boeing 737 Enhanced Vision System

Collins Aerospace is beginning installation of its new Enhanced Flight Vision System (EFVS) for Boeing 737 aircraft. Texel Air, operating out of Bahrain International Airport, will be among the first operators to receive the new system that includes Collins’ EVS-3600, a multi-spectral imaging sensor to “see through” poor visibility and darkness better than the human eye.

Historically used by military and business aircraft, the newly certified system will allow widespread adoption of EFVS by airlines for the first time. The EVS-3600 uses multiple infrared and visible light cameras providing pilots with a head-up view that exceeds natural vision. When viewed on a head-up display, EFVS increases situational awareness and enables operations in low visibility conditions.

Texel Air’s fleet of 737 FlexCombiTM aircraft can be configured to suit a wide range of cargo and passenger flights in the Middle East and North Africa. The EVS-3600 system adds additional capability to these versatile aircraft allowing them to operate safely and efficiently in the most difficult locations and environments.


Finnair reports clear improvement in April passenger traffic figures

Finnair carried 680,300 passengers in April 2022, which was 740.4% more than in April 2021. The number of passengers was 10.7% more than in March 2022 (month-on-month figures are not fully comparable as there was one fewer day in April). The COVID-19 impact, including the strict travel restrictions imposed by several countries due to the Omicron-variant, still affected passenger traffic figures, which was particularly visible in the Asian figures.

The overall capacity, measured in Available Seat Kilometres (ASK), increased in April by 507.9% year-on-year and by 6.8% month-on-month. Finnair operated, on average, 236 daily flights (cargo-only included), which was 237.1% more than in April 2021 and 10.8% more than in March 2022. The differences between capacity figures compared to April 2021 are explained by the longer average stage length of flights operated and by the larger gauge of aircraft operated. Finnair's traffic, measured in Revenue Passenger Kilometres (RPKs), increased by 1,270.9% year-on-year and by 21.0% month-on-month. The Passenger Load Factor (PLF) increased by 33.2% points year-on-year and by 7.0% points month-on-month to 59.6%.

The ASK increase in Asian traffic was 167.5% year-on-year. Finnair restarted its North Atlantic passenger operations in March 2021 with flights to New York, whereas in April 2022, it operated to many U.S. destinations from both Finland and Sweden. Therefore, the North Atlantic capacity increased by 3,403.3% year-on-year. In European traffic, the ASKs were up by 793.6%. The ASKs in domestic traffic increased by 152.8%.

RPKs increased in Asian traffic by 1,120.3%, in North Atlantic traffic by as much as 19,958.4% due to the abovementioned reasons, in European traffic by 1,321.3% and in domestic traffic by 174.1% year-on-year.

The PLF was 51.9% in Asian traffic and 47.6% in North Atlantic traffic but both were supported by the strong cargo operations. The PLF was 69.5% in European traffic and 71.1% in domestic traffic.

Passenger numbers increased in Asian traffic by 1,093.2%, in North Atlantic traffic by as much as 17,759.1% due to the aforementioned reasons, in European traffic by 1,084.1% and in domestic traffic by 206.0% year-on-year.

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