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LATEST NEWS

Friday, June 10th, 2022

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British Airways’ franchisee Comair set to be liquidated 

In a period of under two years, Comair has become the second South African carrier to cease operations after low-cost carrier Mango ceased operations in July 2021. Covering approximately 40% of South Africa’s domestic air travel, Comair, operating as a franchisee under the name British Airways, is the parent company of low-cost carrier Kulua.com., which has also ceased operations.

The airline has fallen victim to a combination of the effects of the COVID-19 pandemic on air travel and a grounding earlier in March this year from an industry regulator. Comair’s existing lenders and investors -- a group of wealthy individuals who bailed out the airline in 2020 – have been unwilling to inject further funds and all other efforts by the carrier’s administrators to secure further funding have failed.

Founded in 1943 and headquartered in Kempton Park, Ekurhuleni, Comair operated an all Boeing 737 fleet of 12 aircraft.

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Griffin Global Asset Management signs purchase-and-leaseback agreement for five 737-8 MAX aircraft with Akasa Air

Griffin Global Asset Management (Griffin) has announced the mandate for the purchase and lease back of five Boeing 737-8 aircraft with Akasa Air, a new airline based in India. The aircraft deliveries are scheduled to begin this June.

“We were introduced to Akasa Air’s management team over a year ago and have watched with excitement as they skilfully built the airline from the ground up.  We are honoured to enter into this long-term relationship right from Akasa’s launch. They have developed a business strategy that addresses a need in the market and assembled a very impressive team to execute that plan,” said Ryan McKenna, Griffin’s Chief Executive Officer.

Airbus and Kansai Airports partner to study use of hydrogen at three airports in Japan

Airbus and Kansai Airports have signed a Memorandum of Understanding (MoU) to explore the use of hydrogen at three of the group’s airports in Japan (Kansai International Airport, Osaka International Airport, and Kobe Airport).

Through this partnership, Airbus and Kansai Airports will jointly prepare a roadmap to address challenges and define an advocacy plan for hydrogen needs. Both parties would lead the study into the development of infrastructure for the use of hydrogen in the aviation sector.

Each partner will leverage their complementary expertise to help define the potential opportunities that hydrogen can offer in support of the decarbonisation of the aviation industry. Airbus will provide aircraft characteristics, fleet energy usage, and insight on hydrogen-powered aircraft for ground operations. Kansai Airports will study the infrastructure required at the airports for the introduction of hydrogen-fuelled aircraft.

Airbus is already working in partnership with airports around the world including with VINCI Airports, to lead the scale-up of hydrogen use in the aviation industry. This MoU with Kansai Airports is the first one Airbus has signed with an airport operator in Japan and follows the one signed with Kawasaki Heavy Industries last month to work together towards the realisation of a hydrogen society in Japan.

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SWISS terminates state-backed bank loan facility ahead of time

Swiss International Air Lines (SWISS) has terminated its bank loan facility guaranteed by the Swiss Confederation at the end of May 2022. With the pandemic situation now more stable and with the eased travel restrictions prompting positive trends in the company’s liquidity, SWISS is now able to meet its financing needs on the capital markets via the Lufthansa Group.

In view of this, SWISS has terminated the bank loan facility which was 85% guaranteed by the Swiss Confederation ahead of its regular end date of 2025. SWISS has never drawn more than half of the total loan amount available under the facility since it was established and paid a total of CHF 60 million (£49 million) in interest and fees during the loan facility period.

HAECO Cabin Solutions and Diehl Aviation unveil joint products development for single-aisle cabin upgrades

HAECO Cabin Solutions in cooperation with Diehl Aviation have announced three cabin upgrades designed to reduce weight, increase capacity and improve passenger comfort.

The first product, the “Aft-Simplex,” is a simplified single-aisle aft-lavatory/galley complex. For many single-aisle operators it provides improved density by allowing the addition of up to six seats and lowers operating costs and/or provides increased range through reduced weight. The Aft-Simplex is at least 70 kg (155 lbs.) lighter than comparable solutions from other suppliers. Four standard configurations are available. When installed in combination with HAECO’s Vector Light seats, overall aircraft weight is reduced by up to 800 kg, an unprecedented improvement in operating economics for single-aisle aircraft.    

The second product is a combination of HAECO’s Eclipse seat and a unique floor-to-floor solution designed by Diehl.  The exceptional design features of the Eclipse seat allow it to be installed in a five-abreast configuration without compromising passenger comfort or privacy.   

The third product is an enlarged 737 overhead bin solution. The design of this bin allows it to be installed without modifying the aircraft structure or PSU interfaces at a weight lower than current products. 

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FL Technics Wheels & Brakes GmbH appoints new COO in Hanover

FL Technics, a global provider of aircraft maintenance, repair, and overhaul (MRO) services and a part of Avia Solutions Group, has appointed David Kahl as COO of its wheels and brakes business in Hanover, Germany.

Kahl has worked in the aviation industry for nearly eight years and has extensive knowledge and experience in the wheels and brakes segment. Having previously worked at Lufthansa Technik, he took on responsibilities of build-up and co-project management for the establishment of a wheel shop, product sales for wheels and brakes services, as well as taking on full budgetary responsibility with a focus on commercials.

His new role as COO will see him taking charge of FL Technic’s wheels and brakes services in Germany, working with the team to grow and expand the company’s footprint in the market.

Airstream arranges sale of one DHC-8-311 aircraft

Aircraft remarketing specialists Airstream International Group has announced the sale of a Bombardier DHC-8-311 aircraft, on behalf of Jetlite Air Limited, to Binder Capital Corporation.

The aircraft, serial number 406, will be operated by Canadian operator Central Mountain Air, which is owned by Binder Capital Corporation.

Airstream has been very active placing DHC-8 aircraft and successfully arranging the sale or lease of 35 Bombardier aircraft in the last 5 years.
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Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
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Tamar