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Monday, May 30th, 2022

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Norwegian places order for 50 Boeing 737 MAX 8 aircraft

Norwegian Air Shuttle ASA has reached an agreement in principle with Boeing for a recommitment to purchase 50 Boeing 737 MAX 8 aircraft. The agreement also includes options for an additional 30 aircraft. The 50 aircraft are due to be delivered between 2025 and 2028, at a schedule closely corresponding to current aircraft lease expirations. This entails a limited net increase of the company’s current fleet. The parties’ agreement in principle is subject to various closing conditions, which are targeted to be concluded by the end of June 2022.

The company intends to finance the outstanding balance of pre-delivery payments through positive cash flow from operating activities. A significant share of the aircraft will be owned by the company, ensuring an optimised and balanced aircraft financing structure. Subsequent to the conclusion of these agreements, Norwegian estimates to record a net gain of approximately NOK 2 billion.

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DHL Global Forwarding expands footprint at Brisbane Airport

DHL Global Forwarding, the freight specialist arm of Deutsche Post DHL Group, held a groundbreaking ceremony on May 30, for its new 4,880 m² facility at Brisbane Airport. DHL Global Forwarding is investing AU$17 million (€11 million) over ten years for the new facility and it houses the largest international cold chain services in Brisbane, to meet the fast-growing demand for perishables. The new facility will also support the growth of general cargo in Queensland, Australia and is set to be ready by early 2023.

George Lawson, Managing Director, DHL Global Forwarding Australia said, “The expansion of our facilities at Brisbane airport reflects the tremendous growth in exports, especially perishable food. Brisbane’s economy is predicted to surge by 2031 and with this new facility, we are ready to support our customers growth.”

Strategically located at Brisbane airport, the facility offers air side access, the first and only freight forwarder to have such access and is close to the Port of Brisbane.

The new facility is a five green star rating according to the Green Building Council of Australia, featuring solar panels, reusable batteries to power most of the warehouse operations, rainwater harvesting and EV charging stations. Plans are also in the works to introduce carbon offsetting and insetting for a carbon neutral supply chain for customers.

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Rick Deurloo takes over as new President of Pratt & Whitney Commercial Engines

Pratt & Whitney has announced that with immediate effect, Rick Deurloo, the company’s current Senior Vice President and Chief Commercial Officer, will take over from Carroll Lane, who has chosen to leave Pratt & Whitney for another leadership opportunity, as President of its Commercial Engines business. Deurloo will remain in his existing roles while taking on this new responsibility. He will be responsible to Pratt & Whitney President Shane Eddy.

“Pratt & Whitney’s commercial engines business is well positioned for long-term success thanks to its technology and product offerings across a strong portfolio of major platforms such as the GTF, V2500 and mature engines,” said Eddy. “That momentum will continue and grow with Rick, who brings a wealth of experience and a deep knowledge of our commercial customers to this expanded role. I’m confident the commercial business will continue to deliver on our customers’ high expectations under Rick’s leadership.”

Deurloo joined the former United Technologies Corporation in 1998 and has over 20 years of experience in management and sales in the global aerospace industry. Prior to his role as Senior Vice President and CCO, where he was responsible for leading and directing all sales, marketing and customer support worldwide for Pratt & Whitney Commercial Engines and International Aero Engines (IAE), Deurloo held other senior leadership positions including Regional Vice President of Sales for the Americas.

Elix Aviation delivers one Dash 8-300 aircraft to Kenia-based ALS Ltd

Regional aircraft leasing platform Elix Aviation has delivered one Dash 8-300, MSN 375, on lease to ALS Ltd in Kenya. With this new delivery, Elix Aviation continues to expand its sales/leasing and asset management services in the African market.

ALS Ltd is an aviation company based at Wilson Airport Nairobi. With a fleet of 31 aircraft (ten Embraer jets, 13 Dash 8 100/200/300, five Beech1900D’s and three C208B’s), ALS Ltd is offering a range of customised and comprehensive aviation solutions for the benefit of humanitarian operations, airlines, oil/ resource exploration and VIP clientele.

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IBA’S Aviation Industry Barometer reveals strong market recovery

IBA, the aviation industry consultant, has published its latest Aviation Industry Barometer for April 2022.

IBA’s data intelligence platform, IBA Insight, indicates that the recovery of global passenger flights grew by 2% in April 2022, with flight capacity at 74% relative to pre-pandemic levels.

IBA’s Aviation Industry Barometer for April 2022 also reveals that Europe showed strong capacity recovery in April, with flights at 79% of pre-pandemic levels. Latin/North America and Africa continue to lead the global recovery with capacity for all regions at more than 85% pre-pandemic levels.

Asia Pacific flight capacity continues to show a year-on-year capacity decline – tight restrictions and lockdowns across major cities in China have hampered travel, with this trend likely to continue in the near-term.

There were 82 commercial aircraft deliveries in April 2022, representing a month-on-month variance of -20% compared to March 2022 and a year-on-year increase of 19% compared to April 2021.

Deliveries in the narrowbody category were led by the A320neo family, while widebody deliveries were dominated by the A350 family.

Hawaiian Airlines to resume service to Tokyo Haneda Airport

Hawaiian Airlines will resume daily service between Honolulu’s Daniel K. Inouye International Airport (HNL) and Tokyo Haneda Airport (HND) on August 1, 2022. Hawaiian, which today offers three weekly flights between HNL and Narita Airport (NRT) and one weekly flight between HNL and Osaka’s Kansai Airport (KIX), will also bring daily service to each route in August.

“Japan is the centrepiece international market for Hawai‘i, and we’re excited to bring back more flights and encouraged by the progressive easing of travel restrictions by the Japanese government,” said Theo Panagiotoulias, Senior Vice President Global Sales and Alliances for Hawaiian Airlines. “Demand from Japan has been steady, but we anticipate strong interest for leisure travel in the coming months and look forward to welcoming more visitors safely and responsibly.”

Hawaiian has not yet announced dates for service resumption to Fukuoka, Sapporo and Kona-Haneda.
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Tamar Jorssen
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Email: tamar.jorssen@avitrader.com
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Tamar