Daily2018-02-20
Follow-Us-Facebook
Follow Linkedin
Follow Twitter

LATEST NEWS

Wednesday, July 6th, 2022

brought to you by
WIL-Sponsor

Air France-KLM confirms CFM LEAP-1A engines to power 100 new Airbus A320-family jets

Subsequent to last December’s order for a combination of 100 Airbus A320neo and A321neo aircraft, Air France KLM have announced that the CFM International LEAP-1A engine will be used to power the aircraft and has placed an order for 200 units, concluding exclusive negotiations which began in April of this year.

The aircraft will be used to upgrade the fleets of KLM, Transavia Netherlands and also to expand the Transavia France fleet. Air France-KLM currently operate CFM56-7B and CFM56-5B engines that power the Boeing Next-Generation 737 and Airbus A320ceo fleets, respectively.

The latest LEAP engine offers approximately 15% in improved fuel economy compared to previous-generation engines and is estimated to have saved carriers more than 14 million tonnes of CO2 in emissions.

“We are honoured to further expand our partnership with one of the industry’s largest groups and to be an integral part of Air France-KLM’s sustainability strategy,” said Gaël Méheust, president and CEO of CFM International, adding that “This renewed trust is a valuable recognition of LEAP engine performances in terms of sustainability and fuel efficiency.”

SRT_20

Boeing, ESG and Lufthansa Technik expand partnership to support German P-8A Poseidon fleet

Boeing, ESG Elektroniksystem und Logistik GmbH and Lufthansa Technik have signed a three-party agreement that reinforces joint efforts to support Germany’s new P-8A Poseidon fleet. With the new agreement, Boeing, ESG and Lufthansa Technik will be the team responsible for executing the P-8A sustainment programme in Germany.

“We are expanding our partnership with ESG and Lufthansa Technik in the form of a three-party agreement that will allow us to best support our German customer and the operational needs of the German Navy”, said Indra Duivenvoorde, Senior Director, Boeing Government Services Europe and Israel. “This partnership demonstrates our commitment to directly supporting our customer locally with German industry primes.”

The new agreement builds on two separate MoUs that were signed separately with ESG and Lufthansa Technik in 2021 and now involves all three parties, outlining additional detail regarding each company’s role in the German P-8A programme.

With the formalisation of this new industry partnership, Boeing, ESG and Lufthansa Technik will provide support to the German customer in all areas of aircraft sustainment and training that will bring the highest operational availability to the German Navy’s P-8A fleet.

First deliveries to Germany are slated to take place in 2024 and Boeing estimates that the P-8A programme will employ up to 250 people in Germany.

Savback signs distribution agreement with Mayman Aerospace

Savback Helicopters, the independent helicopter and fixed-wing sales specialist, has signed a new sales representation agreement with Mayman Aerospace, the U.S.-based manufacturer of the innovative Speeder, Air Utility Vehicle (AUV). The deal, effective immediately, will see the Sweden-based company market and distribute the compact, high-speed, eight-turbine, heavy-lift vertical takeoff and landing (HSVTOL) aircraft, exclusively in the Nordic countries.

Savback will be targeting defence, forestry, oil and gas and civil applications for Mayman Aerospace, a newly introduced brand of JetPack Aviation Corporation.   

Savback sales representatives Michael Savback, Fredrik Bergman in Sweden and Stephen Mitchell in the UK will be leading sales and marketing efforts. When serial production starts Savback also intends to acquire a demonstrator of its own.

Speeder is currently in advanced development, aiming to begin U.S. FAA certification by Q4 2024 and begin series production for civil applications once certified.

PRW_16

VAH signs new seven-aircraft purchase agreement

Voyager Aviation Holdings (VAH) has announced the signing of a purchase agreement with a fellow blue chip aircraft leasing firm for seven young and in-production aircraft, all of which are on long-term leases with strong credit quality airlines.

The assets include two Airbus A321-200s, two Boeing 737-800s, two Airbus A320-200 and one Boeing
787-8. The average age is ~8 years with an average remaining lease term of ~5 years. The portfolio was selected to support the company’s diversification into younger narrow-body assets with attractive returns for the company’s shareholders and third-party investors.

Hooman Yazhari, Executive Chairman of the Board of Managers of VAH commented, “These aircraft represent a new opportunity for us to deploy fresh capital and be responsive to the market dynamics created by the upheaval in the aviation market. This allows us to be in an excellent position to best serve our existing and growing customer list.”

These aircraft will join the fleet in 2022, are valued at ~US$300m and will be initially financed under the company’s secured revolving warehouse facility which closed in late February 2022. This acquisition represents one of the largest single growth initiatives in the company’s 30-year history. These new asset purchases, coupled with the continued lease extensions on the legacy portfolio, put the company on a strong financial path which will provide future opportunities to both debt and equity stakeholders to support and grow with the company.

Air New Zealand selects HAECO Cabin Solutions Vector Economy Seating

HAECO Cabin Solutions is supplying VectorTM Economy – its fully featured economy class seat – for Air New Zealand’s newest long-range passenger cabins on 22 Boeing 787s. The fleet will serve international destinations for Air New Zealand’s ultra-long-haul route network.

Vector Economy’s features include a high-comfort headrest, an ergonomically sculpted seatback and cushions, an amenity stowage compartment, a 13.3-inch HD seatback video screen with Bluetooth audio and USB-A and USB-C charging ports.

Air New Zealand will offer three economy-class seating options based on Vector Economy platform: Vector Economy SkycouchTM – convertible into a lie-flat bed, Vector Economy Stretch – increased leg room and Vector Economy Standard – the baseline seat with a full complement of comfort enhancing features.

GAT_215

Rapidly growing AMP Aero Services acquires Missouri-based Myriad Aero Services

AMP Aero has finalised the acquisition of aviation aftermarket material solutions provider, Myriad Aero. As of July 5, 2022, AMP Aero Services is operating globally with offices in Miami, Kansas City, New Delhi India, Istanbul and Hong-Kong.

Myriad Aero, headquartered in Kansas City, Missouri, is an experienced provider of airframe and engine material. Prior to starting Myriad Aero in 2020, partners Steven Still and Jared Anderson started their aviation careers at Jet Midwest. After leaving the tech industry in 2017, Still helped manage the engine and APU programme for Jet Midwest. Anderson has been serving in the Army National Guard for 13 years and entered the industry in 2012. With the entrepreneurial spirit in mind, Still and Anderson joined forces to focus on building Myriad Aero in February of 2020. 

For the last two years, AMP Aero has been increasing its assets portfolio and is committed to assuring it has the necessary ready-to-go material for its clients. In addition, its global sales & support team is available 24/7/365 days to support both routine and AOG requirements.

BAA Training Vietnam starts long-term business partnership with Vietravel Airlines

BAA Training Vietnam, a cutting-edge aviation training centre in Ho Chi Minh City and a part of Avia Solutions Group, has entered a long-term business partnership with Vietravel Airlines, Asia’s leading travel airline owned by Vietravel Holdings, by signing a Memorandum of Understanding for a five-year comprehensive cooperation and type rating service agreement. The agreement outlines the provision of flight crew training and simulator leasing.

Based on the signed MoU and the service agreement, BAA Training Vietnam will provide a wide range of aviation training services for Vietravel Airlines. They will include MPL, type rating, simulator leasing, cabin crew and dispatcher training from the basic, recurrent, upgrade, refresh and others according to the airline’s needs. The new MPL programme with competency-based training methods and threat management techniques incorporated in all phases is key for preparing a new generation of safety-conscious and highly competent pilots.

The first groups of MPL and type rating students will include 20 students each annually starting from 2022. The number of students will be increasing proportionally with the aircraft fleet growth that Vietravel Airlines will face over the upcoming years.

CCT_10

Korea's Incheon airport traffic doubles in three months

The number of international travellers spiked to 1.28 million last month, surging 420% on-year, despite surging airfares and insufficient flight schedules, the Transport Ministry of Korea said.

This was the first time that the number of monthly international travellers surpassed 1 million since the outbreak of COVID-19. The increase in international travel demand is likely to help the Transport Ministry achieve its goal of restoring the number of inbound and outbound flights to 50% of the 2019 level by the end of this year.

The Transport Ministry fully lifted aviation restrictions, including a curfew on flights landing at Incheon Airport, from June 8, more than two years after the enforcement of the antivirus regulations. To further boost travel demand, the ministry plans to authorise air carriers to increase international flights. The country’s largest air carrier, Korean Air, plans to restore the supply of international flight seats to 50% of the pre-pandemic level by September. Asiana Airlines is also augmenting the number of flights to the U.S. and European countries.

The reopening in late June of the air route between Seoul’s Gimpo Airport and Haneda Airport that serves Tokyo is expected to further increase international flight demand this month. But expensive flight tickets could hold back travellers, according to watchers. With budget carriers yet to fully resume flight operations and high fuel surcharges on international routes, a direct round-trip flight ticket to a Southeast Asian destination can cost more than 800,000 won (US$616) which is about 80% more expensive than in pre-pandemic times. Korean Air also started imposing record fuel surcharges on international routes this month, amid rising jet fuel prices.

Swissport renews airport ground handling license at Berlin Airport

Swissport International AG will continue to provide ground services at Berlin Airport after successfully competing for a license renewal from the airport operator Flughafen Berlin Brandenburg (FBB). The new license will run for seven years until 2029 and grants Swissport the authorisation to cover all activities on the airport apron, such as the loading and unloading of aircraft, the transport of cargo and baggage and aircraft movement services.

Swissport has been operating in Berlin since 2015. The company currently employs a total of around 650 people at BER Airport, including 270 in passenger handling at check-in and at the gates and a further 350 on the apron and in baggage handling. In the first half of 2022, Swissport Berlin served over 1.6 m passengers (January-June 2021: 0.23 m passengers) and handled almost 15,000 flights (January-June 2021: 2,000 flights) and 4,900 tonnes of cargo (January-June 2021: 2,700 tonnes).
AviTrader_Weekly_Headline_News_Cover_2022-07-04

click here to download the latest PDF edition

MRO-2022-06 cover

click here to download the latest PDF edition

click here to subscribe to our other free publications

AIRCRAFT & ENGINE MARKETPLACE

click here to view in PDF aircraft and engines available for sale and lease

Follow Twitter
Follow Linkedin
Follow-Us-Facebook
Interested in advertising with AviTrader?

Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
Phone: +1 (788) 213 8543
Tamar