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Wednesday, July 13th, 2022

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Airlines to cancel more flights as Heathrow sets limit of 100,000 daily passenger departures

It’s not only airlines who are struggling to cope with the surge in demand for air travel. Heathrow is now asking carriers to stop selling tickets as it is unable to provide a safe service to more than 100,000 outgoing passengers a day. The airport has set this as a limit until September 11, despite the current government amnesty on airport slots.

"Even despite the amnesty, daily departing seats over the summer will average 104,000 -- giving a daily excess of 4,000 seats. On average only about 1,500 of these 4,000 daily seats have currently been sold to passengers, and so we are asking our airline partners to stop selling summer tickets to limit the impact on passengers," said Heathrow CEO John Holland Kaye.

Willie Walsh, the Director General of the International Air Transport Association (IATA) stated: "Airlines have been predicting stronger traffic than Heathrow has been predicting ... they clearly got it completely wrong," adding: "To tell airlines to stop selling -- what a ridiculous thing for an airport to say to an airline." Walsh, the former CEO of British Airways owner IAG, also commented that "Heathrow are trying to maximise the profitability that they get from the airport at the expense of airlines.”

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Aergo Capital delivers one A320-232 to Jetstar Japan

Aergo Capital (Aergo) has delivered one Airbus A320-232 aircraft, bearing manufacturer serial number 6362, to Jetstar Japan. The aircraft was acquired from a Dublin-based lessor and financed by AV AirFinance.

Fred Browne, Chief Executive Officer of Aergo, commented: “We are delighted to have successfully completed the delivery of one A320-232 to Jetstar Japan. We are excited to add Jetstar Japan to the list of lessees in our growing portfolio and are looking forward to building our relationship together in the future.”

ATR appoints Antonio Di Gennaro as Senior Vice President Finance & Chief Financial Officer

The ATR board members have appointed Antonio Di Gennaro as Senior Vice President Finance and Chief Financial Officer as of July 1, 2022. He brings with him over fifteen years’ experience as a Finance and Operations business leader and joins ATR from PZL Świdnik, a Leonardo Helicopters company, where he was Chief Financial Officer and Member of the Management Board since 2018.

Prior to this, Di Gennaro has held several international positions in the Aerospace & Defence Industry in both military and civil sectors. He has a strong background in operations, manufacturing, customer service and sales and business integration between cross cultural organisations. He started his career at Alenia Aermacchi (merged in 2016 into Leonardo).

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Norwegian and Widerøe enter cooperation agreement

Norwegian and Widerøe have signed a letter of intent that will see the two airlines closely cooperate in a number of areas in the future. This means, among other initiatives, the two companies will cooperate on tickets sales, enabling passengers to seamlessly travel the entire route network of both airlines under an interline agreement.

The objectives of the agreement will provide a better service to passengers and create synergies and operational efficiencies. Norway is an extremely important market for both companies. Widerøe flies throughout the regional network in Norway while Norwegian is a major player in the main route network. A large proportion of passengers in Norway depend on both Norwegian and Widerøe to reach their destination.

Norwegian’s CEO, Geir Karlsen said: ‘I am very pleased with the agreement we have entered into with Widerøe today. Our goal for this collaboration is to benefit both companies’ passengers and our employees. In many ways, this is an historic agreement bringing two Norwegian airlines together. A lot of detail is still being worked on but it’s clear from the past months’ discussions with Widerøe that there are many areas we both have a common interest to collaborate on’.

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AerCap leased, purchased and sold 184 assets in the second-quarter 2022

AerCap Holdings (AerCap) has announced its major business transactions during the second quarter of 2022:

The company signed 125 lease agreements, including 11 wide-body aircraft, 43 narrow-body aircraft, two regional jets, 32 engines and 37 helicopters.

AerCap completed 16 purchases for 13 aircraft (including nine Airbus A320neo-family aircraft and one Airbus A220 aircraft for AerCap’s owned aircraft portfolio and three aircraft for AerCap’s managed aircraft portfolio), one engine and two helicopters.

The company executed 43 sale transactions for 27 aircraft in the second quarter (including one Airbus A320-family aircraft, two Airbus A320neo-family aircraft, two Airbus A330s, three Boeing 737 MAX aircraft, five Boeing 737NGs, six Boeing 767-300ERs and one Boeing 747-400F from AerCap’s owned aircraft portfolio and seven aircraft from AerCap’s managed aircraft portfolio), 12 engines and four helicopters.

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Air Canada and Emirates sign strategic partnership agreement

Air Canada and Emirates have announced the signing of a strategic partnership agreement that will create more options for customers when travelling on the carriers' networks while also enhancing the customer experience throughout the journey.

Air Canada and Emirates intend to establish a codeshare relationship later in 2022 that will offer enhanced consumer travel choices for Air Canada customers to travel to the United Arab Emirates and to destinations beyond Dubai. Emirates customers will also enjoy an enhanced travel experience when travelling to Toronto or to key destinations across the Air Canada network. Customers will have the ability to book connecting travel between both airlines' networks with the ease of a single ticket, seamless connectivity at the carriers' respective global hubs and baggage transfers to their final destinations.

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Voyageur Aviation expands portfolio with parts provisioning of ATR aircraft type

Chorus Aviation's subsidiary, Voyageur Aviation (Voyageur), has added ATR 42 and 72 aircraft types to its product offering, further diversifying Chorus’ business and cross-company support capabilities.

“The growth momentum for Voyageur Avparts continues,” said Gary Gilbert, Vice President Avparts, Voyageur. “Expanding our parts sales and provisioning with ATR components was a logical next move for Voyageur, especially given Chorus’ recent acquisition of Falko Regional Aircraft - further bolstering Chorus’ position as a premier full-service provider in regional aviation. We are fortunate to capitalise on our companies’ synergies to further support regional aircraft customers at every stage of an aircraft’s lifecycle.”

Voyageur's Avparts division specialises in Used Serviceable Material (USM) support for regional aircraft types, including Bombardier/Mitsubishi CRJ, De Havilland Dash 8 and ATR. Core services include parts sale and provisioning, component repair and overhaul management, inventory leasing and consignment programmes and aircraft end-of-life and disassembly.
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Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
Phone: +1 (788) 213 8543
Tamar