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Tuesday, May 31st, 2022

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Ryanair repeats demand to lower fees at Berlin Brandenburg Airport

Back in February, Irish low-cost carrier Ryanair made it clear it needed Berlin Brandenburg Airport (BER) to reduce its aircraft handling fees in order to help as it recovers from the disastrous effects of the COVID-19 pandemic. This week Ryanair has repeated the demand: "The government and Berlin Airport should act now," the carrier said, despite BER claiming that its fees were in line with other major German airports. Ryanair believes that if low-cost carriers are forced to pay such high fees, then the airport would end up handling the same amount of traffic at airports in smaller cities.

Earlier this month easyJet announced that by the time it begins its winter schedule this year it will be reducing its fleet size at Brandenburg Airport from 18 to just 11 aircraft, consequently releasing up to 275 pilots and cabin crew. Previously Ryanair had reduced its fleet size at BER to just nine aircraft. Whether it will now expand its fleet to pick up easyJet business or further reduce its fleet size will likely depend on the airport’s reaction to the demand for lower handling fees. Alternatively, Lufthansa offshoot Eurowings may well take on any easyJet staff which are laid off.

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Jackson Square Aviation delivers two new Airbus aircraft to Cebu Pacific Air

Jackson Square Aviation (JSA) has reported the recent delivery of one Airbus A321neo and one Airbus A320neo aircraft to Philippine low-cost airline Cebu Pacific Air (Cebu). With the integration of these two aircraft, JSA now has four aircraft under long-term leases with the airline, representing a strong growing partnership between the two companies.

SIA unveiles all-new flagship SilverKris and KrisFlyer Gold lounges at Singapore Changi Airport

Singapore Airlines (SIA) has unveiled its all-new flagship SilverKris and KrisFlyer Gold lounges at Singapore Changi Airport Terminal 3, following a S$50 million re-design, upgrade and expansion project. This will further enhance the on-ground customer experience at the airline’s main hub and comes as the demand for international air travel from and through Singapore takes off once again.

The Private Room, the First-Class section of the SilverKris Lounge, the Business Class section of the SilverKris Lounge and the KrisFlyer Gold Lounge can collectively accommodate around 1,150 customers within their 6,100 m², translating to 30% more seats and space. This also doubles the capacity that was available during the pandemic while the upgrading works were going on.

The airline has created a sanctuary that has been thoughtfully designed to enhance the comfort and convenience of diverse groups of travellers and meet their evolving needs in the coming years. Customers will be able to enjoy world-class products and services, as well as enticing food and beverage options, around the clock at the lounges before their flight.

Mr Goh Choon Phong, Chief Executive Officer, Singapore Airlines, said: “Extensive customer engagement and research have gone into the design of the new SilverKris and KrisFlyer Gold lounges. Customers will enjoy thoughtfully curated product offerings and experience the signature Singapore Airlines hospitality, all within a comfortable and restful environment, ensuring that they are refreshed and ready for their journey. Opening these lounges at this time signals our commitment to SIA’s premium brand and growth strategy. It reinforces our position as Changi Airport’s anchor airline and reflects our confidence in Singapore’s future as a pre-eminent global air hub.”

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Senior management appointments at HAECO Airframe Services

HAECO Airframe Services has releases that Jacqueline Jiang has been appointed Group Director Airframe Services and will join the HAECO Group leadership team from July 1, 2022. Jiang is currently Chief Operating Officer of HAECO Xiamen and has extensive management experience in MRO services. HAECO Xiamen Director of Operations Kevin Guan will succeed Jiang in the re-titled role of Chief Executive Officer, HAECO Xiamen on the same day.

Furthermore, Kevin Kruger, Director and General Manager of HAECO Hong Kong will retire in August 2022. He will be succeeded by Benjamin Scheidel in the re-titled role of Chief Executive Officer, HAECO Hong Kong from September 1, 2022. Scheidel will continue to oversee base maintenance operations in Hong Kong until a successor for his current role is appointed later in the year.

Altavair closes sale-and-leaseback of four Airbus A220-300 aircraft with airBaltic

Altavair, a global leader in commercial aviation finance, has announced the closing of a sale-and-leaseback with airBaltic for four Airbus A220-300 aircraft. The acquisition was funded by funds and accounts managed by KKR, with Altavair acting as servicer on the assets.

“We are pleased to support airBaltic with this transaction,” said Matt Hoesley, Head of Acquisitions and Investments for Altavair. “We are very excited about our new relationship with Latvia’s flagship airline and look forward to working with airBaltic as it continues to play an important role in European aviation.”

These aircraft are the first Airbus A220 models to be managed by Altavair, which has serviced and leased over thirty variants of primarily Boeing and Airbus aircraft since its inception.

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Emirates SkyCargo expands capacity with delivery of new freighter

Emirates SkyCargo has received delivery of a new Boeing 777F aircraft. This latest addition takes its dedicated 777 freighter fleet to 11 aircraft.

From Boeing’s Paine Field in Seattle, A6-EFT headed to Hong Kong to pick up its first load before touching down on May 28, at its new home, Dubai World Central, with a full load of freight consisting of electronics, consumer goods and general cargo.

Nabil Sultan, Divisional Senior Vice President, Emirates SkyCargo said: “Our newest freighter adds welcome capacity to our operations, which have been running at full steam throughout the pandemic to serve our customers and keep global supply chains moving. We are scheduled to receive delivery of a second 777F in June. And in 2023 we will begin a programme to convert four passenger 777 aircraft into freighters and all of the converted aircraft will be re-delivered by end 2024.

IBC Advanced Alloys reports continued profitability in the quarter ended March 31, 2022

IBC Advanced Alloys has reported its financial results for the quarter ended March 31, 2022. IBC booked another profitable quarter with comprehensive income of US$287,000 in the quarter, a 107% increase over comprehensive income of US$139,000 in the prior-year period. This quarter's success marks IBC's second consecutive quarter of profitable operations.

Consolidated sales of US$6.3 million in the quarter increased by 16.0% over the prior-year period and were higher by 38.8% in the nine months ended March 31, 2022, over the comparable prior-year period.

Consolidated adjusted earnings before interest, taxes, depreciation, and amortisation (Adjusted EBITDA) for the quarter ended March 31, 2022, was US$854,000, a 24.5% increase from US$686,000 in the comparable prior-year period. In the nine months ended March 31, 2022, Adjusted EBITDA of US$2.2 million jumped 157.4% from US$838,000 in the prior-year period.

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MTU Chief Operating Officer Lars Wagner takes over CSO function

MTU Aero Engines is reaffirming its commitment to social responsibility and has entrusted Lars Wagner, Chief Operating Officer of MTU Aero Engines AG, with the role of Chief Sustainability Officer (CSO) in addition to his current responsibilities. Wagner is already responsible for important sustainability issues such as climate protection in development and production or supplier management.

MTU has now bundled the responsibilities for other aspects of corporate responsibility management (CR management) and anchored them at the board level. In this way, MTU underscores the growing relevance of responsible action for the company.

In addition to the focus on product responsibility, sustainability means much more to MTU than simply climate protection and safe flight operations. It includes resource- and environmentally friendly production and maintenance as well as fair and safe working conditions, equal opportunities for all employees and high-quality training and further education. Compliance is another essential part of the corporate culture and sustainability does not end at the factory gate. That’s why MTU has also included the supply chain in its activities.

The newly established CSO will work closely with the Supervisory Board and the other members of the Board of Management in order to drive MTU forward with a view to achieving its sustainable business goals.
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