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Wednesday, June 29th, 2022

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Heathrow’s plans for hike in passenger charges thwarted as CAA demands a reduction

London Heathrow Airport’s plans to increase passenger charges from £30.19 to £41.95 have been scuppered by the UK Civil Aviation Authority (CAA). Instead, the CAA is demanding that over the next five years passenger charges be incrementally reduced to the point where, by 2026, they have been reduced to £26.31 per passenger.

The charges made by Heathrow go towards the operating costs of terminals, runways, baggage handling systems and security, among others. The CAA has stated that the reduction in the charge "reflects expected increases in passenger numbers as the recovery from the pandemic continues and the higher level of the price cap in 2022, which was put in place in 2021 to reflect the challenges from the pandemic at the time".

To counteract the financial costs of the COVID-19 pandemic and worldwide travel bans in previous years, Heathrow had been given permission to increase the passenger charge from £19.60 to £30.19, but for this summer only.

Heathrow chief executive John Holland-Kaye said the regulator "continues to underestimate what it takes to deliver a good passenger service, both in terms of the level of investment and operating costs required and the fair incentive needed for private investors to finance it". However, the CAA feels that even with this reduction in passenger charges, Heathrow will still be able to invest £3.6bn in the airport, including a new baggage system for Terminal 2.

Currently, the passenger charges at Heathrow are approximately three-times higher than its European counterparts and multiple airlines are calling for these charges to be lowered even further, while Industry body Airlines UK said the Heathrow charges were "still too high", adding that it was "the most expensive airport in the world".

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United States Army And Sikorsky Strengthen Army Aviation Fleet With 10th H-60 Black Hawk Helicopter Contract

The United States government and Sikorsky, a Lockheed Martin company (NYSE: LMT), signed a five-yea The United States government and Sikorsky, a Lockheed Martin company (NYSE: LMT), signed a five-year contract for a baseline of 120 H-60M Black Hawk helicopters, with options to reach a total of 255 aircraft to be delivered to the U.S. Army and Foreign Military Sales (FMS) customers.

Sikorsky continues to modernise and enhance the Black Hawk to meet the Army's challenging and evolving missions by continuously delivering aircraft thanks to a hot production line, mature well-established supply chain and digital factory.

The "Multi-Year X" contract for UH-60M Black Hawk and HH-60M MEDEVAC aircraft marks the 10th multiple-year contract for Sikorsky and the U.S. government for H-60 helicopters.

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IAG Cargo partners with Bollore Logistics to purchase one million litres of sustainable aviation fuel

IAG Cargo, the cargo division of International Airlines Group (IAG) announces its partnership with Bollore Logistics to purchase one million litres of sustainable aviation fuel (SAF).

The SAF will be manufactured at Phillips 66 Humber Refinery in North Lincolnshire UK from sustainable waste feedstocks and delivered in two shipments, in July 2022 and November 2022 and will reduce approximately 2,400 tonnes of CO2 on a net lifecycle basis.

IAG Cargo is committed to making aviation more sustainable, and over the last year has bought over 10 million litres of SAF to reduce its customers’ supply chain emissions on a net lifecycle basis by approximately 24,400 tonnes of CO2.

The SAF will be manufactured at Phillips 66 Humber Refinery in North Lincolnshire UK from sustainable waste feedstocks and delivered in two shipments, in July 2022 and November 2022 and will reduce approximately 2,400 tonnes of CO2 on a net lifecycle basis.

IAG Cargo is committed to making aviation more sustainable, and over the last year has bought over 10 million litres of SAF to reduce its customers’ supply chain emissions on a net lifecycle basis by approximately 24,400 tonnes of CO2.

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Nordic Aviation Capital closes US$400m warehouse facility

Nordic Aviation Capital (NAC) has closed a five-year senior secured warehouse revolving credit facility with an initial committed amount of US$400 million (the Facility).

Deutsche Bank AG acted as sole structuring agent for the Facility. Initial commitments for the Facility were provided by Deutsche Bank AG, Royal Bank of Canada and Citi.

Gareth Halpin Executive Vice President & Group Treasurer, Global Funding and Treasury said, “Following our recent emergence from Chapter 11, this US$400 million Facility demonstrates the confidence that our lending partners have in the new NAC platform and business plan and we are grateful for their support. This Facility will provide the capital and flexibility required to execute on our strategic growth plan and support NAC’s aim to remain the global leader in regional aircraft leasing and expand into adjacent single-aisle aircraft by leveraging its world-class asset management platform.”

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Riverside Aircraft Maintenance Ready for Success with WinAir

Riverside Aircraft Maintenance has implemented WinAir Version 7 and is using the product daily to track and manage its maintenance activities and maintain inventory control.

Over the past month, the company finished migrating its aircraft compliance and inventory data into the aviation management software, completed its role-based end-user training and entered the go-live stage of its software implementation with the oversight of WinAir’s team. Its successful transition to the software using a fully self-guided express implementation approach proved seamless.

Now that this software implementation is complete, Riverside Aircraft Maintenance looks forward to improving efficiencies, accelerating processes, and maintaining compliance.

Silk Way West Airlines signs order for two A350F

Silk Way West Airlines based in Baku, Azerbaija, has signed a purchase agreement for two A350F aircraft. This is the first order from the Caspian region for this aircraft type. The freighters are intended to modernise and further grow the existing fleet with the most efficient and sustainable cargo aircraft available in the market.
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Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
Phone: +1 (788) 213 8543
Tamar