Thursday, April 19th, 2018



One Passenger Dies as Southwest Airlines Jet Engine Explodes in Mid Air

One passenger has died, and seven passengers have been injured as a result of an engine explosion on a Southwest Airlines jet bound from New York to Dallas. The plane, Flight 1380 was a Boeing 737-700 with 149 passengers and crew on board. The plane made a successful emergency landing at Philadelphia just before noon, local time.

The engine in question was a Leap CFM56 which is widely used on passenger jets, with over 29,000 engines delivered to over 500 operators worldwide, powering 13,400 single-aisle commercial jetliners.

It is understood that when the engine exploded, debris shattered one of the planes windows and the passenger who died was sucked half way through it before fellow passengers were able to pull her back into the cabin.

Early reports have indicated that one of the engine fan blades is missing and that there are signs of metal fatigue. The National Transport Safety Board (NTSB) has already made an initial inspection of the stricken jet, though a full report on the incident could well take 12-15 months to prepare.

Part of the focus of attention will be on the ring around the engine that is supposed to contain engine pieces in the event of such an event as this. The engine failure is reminiscent of an incident on a Southwest Boeing 737-700 jet in August 2016 which was flying from New Orleans to Orlando, Florida. Shrapnel from the engine created a 5-by-16-inch hole just above the wing.

This is the first time there has been a fatality on board a commercial airliner in the United States for 9 years, when a Continental Express plane crashed near Buffalo, killing 49 people on board and one on the ground.


United Airlines reports first-quarter 2018 net income of US$147m

United Airlines (UAL) has reported its first-quarter 2018 financial results. UAL reported first-quarter net income of US$147m, pre-tax earnings of US$184m and pre-tax margin of 2.0%.

Excluding special charges and mark-to-market adjustments, UAL reported first-quarter net income of US$143m, pre-tax earnings of US$179m and pre-tax margin of 2.0%.

UAL has repurchased US$747m of its common shares year-to-date through April 16, 2018, representing approximately 4% of its shares outstanding as of year-end 2017.
Consolidated passenger revenue per available seat mile (PRASM) increased 2.7% year-over-year.
Consolidated total revenue per available seat mile (TRASM) increased 3.4% year-over-year.
Consolidated unit cost per available seat mile (CASM) increased 4.3% year-over-year.

First-quarter consolidated CASM, excluding special charges, third-party business expenses, fuel and profit sharing, increased 0.6% year-over-year.

UAL now expects full-year 2018 diluted earnings per share, excluding special charges and mark-to-market adjustments, to be $7.00 to $8.501.


AVINCO places A319-100 on behalf of China World Aviation Leasing

AVINCO, the aircraft trading and remarketing specialists, has placed one A319-100 aircraft, MSN 2774, on behalf of China World Aviation Leasing.

The aircraft was delivered to AFG Aviation Ireland, part of Aircraft Finance Germany. Subsequently, AFG Aviation Ireland arranged the leasing of the aircraft to German airline Germania.

The aircraft was previously operated by Chengdu Airlines since 2009. AVINCO was working under an exclusive remarketing and delivery management mandate.

Deer Jet to enroll 12 aircraft from its Gulfstream fleet into Honeywell Avionics Protection Plan

Honeywell has signed a three-year contract with Deer Jet, the largest business aviation operator in Asia Pacific, to enroll 12 aircraft from its Gulfstream fleet into the Honeywell Avionics Protection Plan and another nine aircraft into the Honeywell Mechanical Protection Plan. Existing protection plans on Deer Jet aircraft have already saved the company nearly US$1m.

The Honeywell Avionics Protection Plan (HAPP) is a maintenance service program and protection plan that offers fast and cost-efficient avionics support to business and general aviation operators. Honeywell's program plays a significant role in operators avoiding unexpected maintenance costs and keeping fleets optimized and flight-ready. As one of the largest repair and replacement programs in business and general aviation, HAPP currently covers aircraft for more than 3,000 operators worldwide. Similar to warranty programs, HAPP provides comprehensive coverage for Honeywell aircraft systems. The coverage helps operators better forecast maintenance and repair costs and respond quickly when servicing is required.


Bombardier delivers first Challenger 650 aircraft converted into Air Ambulance to Swiss Air-Rescue Rega

Bombardier has delivered the first Challenger 650 aircraft converted into an air ambulance, to long-standing customer Swiss Air-Rescue Rega. The Swiss air ambulance service will take possession of two more Challenger 650 aircraft this year, replacing its earlier-generation Challenger 604 fleet.

These robust, spacious and high-performing aircraft are being specially outfitted with intensive care units, representing the next generation of airborne medical evacuation.

Swiss Air-Rescue Rega, a non-profit foundation and one of the world's pioneers in aeromedical evacuation, carries out air-rescue operations in Switzerland with a fleet of 17 rescue helicopters and repatriates patients from abroad with three ambulance jets. Rega acquired its first Challenger aircraft in 1982 and has operated Challenger aircraft ever since.

Royal Jordanian signs component services contract with Spairliners

Jordan's flag carrier, Royal Jordanian, has signed a component services contract with Spairliners, the leading Integrated Component Care provider for Embraer E-Jet and Airbus A380 aircraft. Effective from March 2018 the contract covers the component supply and repair management of Royal Jordanian Airlines' E-Jet fleet consisting of three E175 and two E195 aircraft.

Spairliners will supply Royal Jordanian Airlines' fleet from its component pool and logistic hub in Paris, France, as well as its central spare parts warehouse in Munich, Germany. The contracted services include streamlined supply chain management, pool access, repair management and tailored logistics services for Line Replaceable Units of Royal Jordanian Airlines' E175 and E195 fleet.


Rotable Repairs appoints Lionel Fearon MRO General Manager

As part of its ongoing plans for capacity expansion and to inject further knowledge and expertise into its new production lines Rotable Repairs has announced the engagement of Lionel Fearon.

Fearon was until recently a Technical Engineer / C.C.E. at the British Airways workshops in Heathrow. Technically responsible for Mechanical Systems / Components in Hydraulics, Fuel, Power Generation and Wheels and Brakes he managed and maintained technical standards, safety and reliability, providing technical support for 150 technicians and engineers and managing a team of 9 Product Support Engineers.

Jiangsu Jet signs agreement for Jeppesen Operator platform

Jeppesen, a Boeing Company, has signed a three-year agreement with Jiangsu Jet to provide the China-based business aviation operator with Jeppesen Operator, an online business aviation platform.

The deal for the next-generation platform strengthens Jeppesen’s services commitment in the region and will assist Jiangsu Jet with enhancing operational efficiency by integrating key business aviation needs, including overall flight planning, runway performance and crew & fleet scheduling and management in a ‘one stop shop,’ self-service environment.

A new Personal Assistant app has recently been added as a new Operator feature to increase productivity, providing essential flight information in a quick reference format enhancing realtime communications between pilots and operations personnel. Personal Assistant is fully integrated with Operator and will automatically display flight information, once trip data is entered into the system.

Snecma Safran

Ameco and Sino Jet sign business jet maintenance agreement

On April 18th, during ABACE 2018, Ameco has signed a business jet maintenance agreement with Sino Jet to provide the latter with airframe services.

The new agreement will further strengthen the long-term cooperation between the two companies. Ameco will provide its customer high-quality services relying on its maintenance capability and strong service network in eleven domestic cities.

Founded in 2011, Sino Jet is managing and operating more than 30 business jets domestically and abroad.

Embraer announces new Executive Vice-President Finance and Investor Relations

Embraer has reported that José Antonio de Almeida Filippo has resigned as Executive Vice-President Finance and Investor Relations, effective April 17, 2018, to pursue new professional projects.

The Board of Directors of the Company elected on April 17, Nelson Krahenbuhl Salgado, as an interim measure, for the position of Executive Vice-President Finance and Investor Relations, replacing Filippo. Nelson will also accumulate his current institutional relations duties.

Nelson Salgado holds bachelor´s, master´s and doctorate degree in Engineering and an MBA in Business Management from Fundação Getúlio Vargas. He has been with Embraer for 30 years, having started his career in the engineering department. He has occupied several executive positions for corporate functions, many of them in the financial area.




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The Road Ahead for Asset Management 2018
April 18, 2018 – Gibson Hotel, Dublin, Ireland

Technical Aspects of a Leased Asset 2018
June 5, 2018 – Jury’s Inn Hotel, Prague

Maintenance Reserves Seminar 2018
June 6, 2018 – Jury’s Inn Hotel, Prague

Engine Leasing Seminar
September 18, 2018 – Copthorne Tara Hotel, Kensington, London, UK

Transactional Support & Risk Management Seminar, London
September 19, 2018 – Copthorne Tara Hotel, Kensington, London, UK

Aircraft Economic Life Summit 2018
November 20, 2018 – Gibson Hotel, Dublin, Ireland
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