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Friday, May 20th, 2022

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IAG firms up on 2019 Paris agreement – will buy up to 150 Boeing 737 jets

International Airlines Group has announced that it has placed a firm order for a combination of 50 737-8-200 and 737-10 Boeing jets with an option for a further 100 of the 737-family aircraft. The 737-8-200 has been chosen for its 200-seat capacity which will increase revenue potential while reducing fuel consumption.

The 737-10 is the largest member of the 737 family and can accommodate 230 passengers in a single-class layout, while offering a range of up to 3,000 miles, which means the new jets can cover 99% of existing single-aisle routes and all those currently served by the Boeing 757.  

These 737s incorporate the latest-technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 family of airplanes is on average 14% more fuel-efficient than today's most efficient Next-Generation 737s and 20% more efficient than the original Next-Generation 737s when they entered service.

"The addition of new Boeing 737s is an important part of IAG´s short-haul fleet renewal. These latest generation aircraft are more fuel efficient than those they will replace and in line with our commitment to achieving net-zero carbon emissions by 2050," said Luis Gallego, IAG´s chief executive.

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P&WC selects H55 as battery technology collaborator for regional hybrid-electric flight demonstrator programme

Pratt & Whitney Canada (P&WC) has selected H55 S.A. to supply battery systems for P&WC’s regional hybrid-electric flight demonstrator programme. The development of the battery component designs and associated electrical control systems will also be supported by the National Research Council Canada (NRC) and the Innovative Vehicle Institute (IVI).

The participation of H55 follows P&WC's July 2021 announcement of its plans to demonstrate hybrid-electric propulsion technology, through a CAD$163 million investment, supported by the governments of Canada and Quebec. Working with Raytheon Technologies sister company Collins Aerospace and De Havilland Aircraft of Canada, P&WC is targeting a 30% improvement in fuel efficiency and commensurate reduction in CO2 emissions, compared to today’s most advanced turboprop engines for regional aircraft. Collins Aerospace will provide the one megawatt electric motor for the hybrid-electric propulsion system.

As the technological spin-off of Solar Impulse, the first electric airplane to fly around the world, the mission of H55 is to make aviation clean, safe and affordable. The Swiss-based company’s core competencies lie in developing propulsion and energy storage solutions which are modular, lightweight and safe. After having worked and flown four electric aircraft, H55 is well placed to act as a key enabler for electrified regional commuter transportation.

GA Telesis announces V2500, CFM56-7B, CF6-80C2 and PW4000 engine disassemblies

GA Telesis has announced another expansion to its inventory of Used Serviceable Material (USM) with the disassembly of two IAE V2500-A5, two CFM56-7B, two General Electric CF6-80C2 and one Pratt & Whitney PW4000 engine.

GAT's Component Solutions team will fully manage the distribution of the USM parts from these asset teardowns, building on its reputation as a leading independent aftermarket used serviceable material supplier. The Component Solutions team, part of the Flight Solutions Group (FSG), has scheduled a record number of engine and airframe teardowns throughout 2022. With significant changes in airline and leasing companies’ upcoming asset and material needs, coupled with large numbers of scheduled new aircraft deliveries, FSG is well placed to continue its leadership position in the teardown and USM segment for years to come.

The Component Solutions team will strategically position the upcoming USM in its distribution centres in the U.S. and the UK, with further expansion planned in the Asia Pacific region in 2022.

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Jorge Carretero takes over chairmanship of BARIG Air Cargo & Logistics Committee

During the COVID-19 pandemic, the importance of the air cargo business for maintaining global logistics chains and transporting necessary supplies and trade goods worldwide has once again become evident. Accordingly, the international airline association BARIG (Board of Airline Representatives in Germany) has been actively involved in the air cargo sector for many years.

In order to further drive forward currently relevant cargo and logistics topics, the BARIG Air Cargo & Logistics Committee has now reorganised itself. Jorge Carretero of LATAM Cargo takes over the chairmanship with immediate effect. In this way, the cargo division of the Chilean-Brazilian LATAM Airlines Group—as leading cargo airline in South America—supports the association in representing the interests and requirements of the entire BARIG airline community in this field.

Jorge Carretero has been working for LATAM Airlines Group for 15 years and is considered an airline expert in the sales and cargo business. As Sales Director Central Europe, he has been moving in an international environment for quite some time. His profound expertise will be of great use in his additional role as Committee Chairman.

Swissport inaugurates new air cargo centre near Vienna Airport

Swissport has officially inaugurated a new 8,000 m² air cargo centre near Vienna Airport – its second facility to serve air cargo customers in Vienna. The new facility is connected with Swissport’s on-airport cargo centre by a dedicated electric truck, the first of its kind in Swissport’s growing global network of air cargo centres.

Swissport continues to grow its air cargo business to participate in strong global demand for air cargo logistics and to capture additional market share. With a second cargo centre now operational in Vienna, Swissport can resolve local constraints and provide air carriers and forwarders in Vienna with additional capacity and more flexibility.

With demand for global air cargo logistics already above pre-pandemic levels and persisting global capacity constraints in air and sea logistics, Swissport expects growth in air cargo handling to outperform general airport ground handling for some time. The company has made cargo a strategic priority and set ambitious goals to grow its second largest business line from 5.1 million in 2021 to over 6 million tonnes over the next couple of years.

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IAI posts first-quarter financial results

Israel Aerospace Industries, Israel's national military and civilian security defense company, has issued its consolidated financial statements for the quarter which ended on March 31, 2022.

The company's sales in Q1 2022 totalled US$1,200 million compared to US$1,015 million in Q1 2021, an increase of US$185 million mainly arising from the increase in the sales of the Systems Missiles & Space Group and the Aviation Group. Sales of the Military Groups in Q1 2022 increased by approx. 13% to US$1,030 million compared to US$914 million in Q1 2021, an increase of US$116 million. Sales of the Aviation Group in Q1 2022 increased by 37% to US$ 325 million compared to US$237 million in Q1 2021 – an increase of US$88 million owing to the increased revenues in the aircraft, MRO and business jet divisions.

Sales for export in Q1 2022 accounted for 70% of sales at US$836 million (US$364 million to Israel, representing 30% of sales) compared to US$722 million, accounting for 71% of sales in Q1 2021 (US$293 million to Israel, representing 29% of sales).

Net income in Q1 2022 grew by 86% to US$78 million (6.5% of sales), compared to net income of US$42 million (4.1% of sales) in Q1 2021. The net income of the Military Groups in Q1 2022 increased by 29% to US$88 million compared to US$68 million in Q1 2021, an increase of US$20 million. The net income of the Aviation Group in Q1 2022 amounted to US$7 million compared to a net loss of US$8 million in Q1 2021.

EBITDA in Q1 2022 grew by 34% to US$161 million (about 13.4% of sales), compared with US$120 million (11.8% of sales) in Q1 2021.

Kuehne + Nagel partners with IAG Cargo to reduce supply chain emissions through use of first UK produced sustainable aviation fuel

IAG Cargo has partnered with Kuehne + Nagel to purchase 8 million litres of the first UK produced sustainable aviation fuel (SAF). The 8 million litres of SAF will remove approximately 18,300 tonnes of CO2, the equivalent of 350 British Airways flights between London and New York.

The SAF, manufactured from sustainable waste feedstocks, will be sourced from Phillips 66 Limited’s Humber Refinery in Lincolnshire, England - the first to produce SAF at scale in the UK.

IAG was the first European airline group to commit to 10% of its fuel to be SAF by 2030. SAF can reduce carbon emissions by over 90% and is widely recognised as the most effective measure to significantly reduce the environmental footprint of air cargo.

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Lufthansa selects Panasonic Avionics for B747-8 in-flight entertainment

Lufthansa has selected Panasonic Avionics Corporation (Panasonic Avionics) to provide its NEXT in-flight entertainment (IFE) system and enhanced connectivity solutions for the carrier’s flagship Boeing 747-8 fleet.

Panasonic Avionics’ NEXT IFE system will be retrofitted on Lufthansa’s 19 Boeing 747-8s, with the first due to be rolled out in summer 2024.

This higher performance system will provide Lufthansa’s passengers with a superior, immersive cinematic experience using the latest 4K screen technology, with faster network speeds and higher storage capacity.

Business Class passengers will enjoy an enhanced IFE experience with up to 24-inch 4K screens, a large 10-inch additional control unit, high power USB–A / USB-C, AC power and wireless charging capabilities. Premium Economy Class passengers will experience an upgraded 16-inch 4K screen, with a 13-inch 4K screen for Economy Class passengers, both with high-power USB-A and USB-C charging.

The companies also announced the renewal of connectivity services offered by Panasonic Avionics. Broadband connectivity, which is already installed on Lufthansa widebody aircraft, uses Panasonic Avionics’ global network of high-speed, high-bandwidth satellites to live up to the connectivity expectations of Lufthansa’s passengers. Mobile phone connectivity will also be upgraded to 4G speeds on Lufthansa’s 747-8 aircraft.
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Tamar Jorssen
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Email: tamar.jorssen@avitrader.com
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Tamar