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

LATEST NEWS

Tuesday, July 19th, 2022

brought to you by
PRC-Sponsor

Airbus and multiple major carriers sign LoIs relating to carbon removal solutions

Airbus, along with Air Canada, Air France-KLM, LATAM Airlines Group, Virgin Atlantic, Lufthansa Group and International Airlines Group (IAG) have all signed letters of intent (LoIs) to confirm their joint desire to identify opportunities where direct air carbon capture technology (DACCS) could supply future carbon removal credits for the airline industry.

Known as Direct Air Carbon Capture and Storage, DACSS is a system used to remove CO2 from the air using high-powered fans which is then safely stored in geologic reservoirs. The intention behind the technology is to mitigate for the fact it is not possible to directly capture CO2 emissions from aircraft engines, and instead the equivalent amount of CO2 is extracted from the general atmosphere to provide ‘carbon credits’.

The new technology will not provide the sole solution to the industry’s problem with CO2 emissions. Major steps have already been taken to introduce the use of sustainable aviation fuels (SAFs) which produce far lower CO2 emissions than standard aviation fuel. With these LoIs, the above-mentioned airlines have committed to engage in negotiations on the potential for pre-purchase of verified and durable carbon removal credits, beginning in 2025 and running through to 2028.

Airbus’ partner 1PointFive will be responsible for issuing the carbon removal credits – the company is a subsidiary of Occidental’s Low Carbon Ventures business and the global deployment partner of direct air capture company Carbon Engineering. Airbus’ partnership with 1PointFive includes the pre-purchase of 400,000 tonnes of carbon removal credits which will be delivered over a four-year period.

777 Partners expands 737 MAX fleet with order of up to 66 more jets

Boeing and 777 Partners have announced a new order and commitment for up to 66 737 MAX jets, including a firm order for 30 ultra-efficient, high-capacity 737-8-200s. This is the U.S. investment firm's fifth order for the jet, rapidly building its portfolio to as many as 134 737 MAXs since 2021. The two companies announced the order with a signing ceremony at the Farnborough International Airshow.

777 Partners has used the 737 MAX to launch a number of low-cost carriers around the world, with more to follow. Currently, its investments include Flair Airlines, Canada's only independent ultra-low-cost carrier and Bonza Airline, an Australian start-up that will launch operations this year. The investment firm has earmarked the 737-8-200, which accommodates more than 200 passengers, to grow operations by increasing revenue potential while reducing carbon emissions, fuel consumption and operating costs.

SAS reaches agreements with SAS Scandinavia pilots’ unions, ending pilot strike

After 15 days of strike, SAS and SAS Scandinavia pilots’ unions have concluded mediation. The parties have agreed on new 5.5-year collective bargaining agreements and flights operated by SAS Scandinavia will resume according to its regular traffic programme as soon as possible.

The 5.5-year agreements between SAS and the SAS Scandinavia pilots’ unions are a key element of SAS’ comprehensive business transformation plan SAS FORWARD, as they provide the stability and predictability required by potential investors.

The agreements include cost savings in line with the set targets in the SAS FORWARD plan relating to the pilots’ terms and conditions, taking SAS one important step closer to achieving its SAS FORWARD target of SEK 7.5 billion in annual cost savings.

In short, the agreements imply increased productivity for the SAS Scandinavia pilots and increased flexibility in seasonal production. The terms and conditions of the agreements also yield a lowered unit cost for the SAS Scandinavia pilots.

Additionally, as part of the agreement between SAS and SAS Scandinavia pilots’ unions, a number of pending litigation previously initiated by the pilots’ unions and/or individual pilots against SAS will be withdrawn. In accordance with a restructuring support agreement to be entered into between the parties in the chapter 11 process, SAS has granted the unions a general unsecured pre-petition claim for the pilots in the amount of SEK 1.0 bn in SAS voluntary financial restructuring process. Distributions under that unsecured claim will be capped at SEK 100 million and made over 5.5 years, corresponding to the term of the agreements.

Finally, SAS has committed to the rehire and subsequent full-time employment, of 450 pilots in tandem with the ramp-up of flight operations until 2024.

AFG_23

Air Lease Corporation selects Pratt & Whitney GTF™ engines to power up to 166 Airbus aircraft

Air Lease Corporation (ALC) has selected GTF engines to power 80 firm A320neo-family aircraft, as well as 76 firm and ten option GTF-powered A220 aircraft. This brings ALC’s total to date to 222 firm and ten option GTF-powered aircraft.

“ALC is continuing to foster our fleet’s growth in 2022 and beyond,” said John Plueger, Chief Executive Officer at ALC. “We are pleased to add more GTF-powered aircraft to our fleet, which offer our customers world-class operating economics and dependability.”

ALC owns, manages and has on order more than 275 aircraft powered by Pratt & Whitney, including Airbus A220 and A320neo families with GTF engines, Airbus A320ceo-family aircraft with V2500® engines and Airbus A330-family aircraft with PW4000 engines. ALC serves over 110 customers in approximately 70 countries with dynamic fleet solutions. 

AerCap Cargo signs lease agreements for six 737-800BCFs with GOL

AerCap Holdings has signed lease agreements with GOL for the lease of six 737-800 Boeing Converted Freighter (BCF) aircraft, three of which are scheduled to deliver to GOL in 2022, with the remaining three delivering in 2023.

The six 737-800BCFs, passenger-to-freighter aircraft, will be operated for a Latin-American e-commerce company, as part of the growth strategy and logistics solution of GOLLOG, GOL´s Logistics Business Unit and will be based in Brazil, flying to destinations across South America.

Boom Supersonic and Collins Aerospace sign expanded agreement for major aircraft systems for Overture

Boom Supersonic, the company building the world’s fastest airliner, optimised for speed, safety and sustainability, has signed an agreement with Collins Aerospace on the Overture programme at the Farnborough International Airshow. Carrying 65–80 passengers at twice the speed of today’s airliners and running on 100% sustainable aviation fuel (SAF), Overture will fly Mach 1.7 over water with a range of 4,250 nautical miles.

Under the new agreement between the two companies, Collins will assist Boom in the evaluation and development of major aircraft systems and components for Overture. Engineers at Collins and Boom will perform aerodynamic analysis to evaluate Overture’s Ice Protection System, the system that prevents the formation of ice on the aircraft during flight. Boom will also work with Collins to assess Air Data System architectures that meet Overture’s field performance and range requirements.

The expanded joint effort with Collins builds upon several years of successful collaboration aimed at improving propulsion system performance and minimizing aircraft noise on Overture. Collins and Boom have worked together to develop inlet, nozzle and exhaust system technologies to facilitate the net-zero carbon operation of Overture.

WER_02

Delta Air Lines boosts A220 aircraft order

Delta Air Lines has firmed up orders for 12 more A220-300 aircraft, bringing Delta’s total firm order for A220s to 107 aircraft - 45 A220-100s and 62 A220-300s. The A220s will be powered by Pratt & Whitney GTF™ engines.

Delta took delivery of its first Airbus A220 in October 2018 and was the first U.S. carrier to operate the aircraft type. As of the end of June 2022, Delta was operating a fleet of 388 Airbus aircraft, including 56 A220 aircraft, 249 A320-family aircraft, 57 A330s and 26 A350-900 aircraft.


AJW Group signs power-by-the-hour contract with JetSMART Airlines SpA

AJW Group has announced the signing of a ten-year power-by-the-hour (PBH) support contract with South American ultra-low-cost carrier JetSMART Airlines SpA. The airline, created by Indigo Partners in 2017, also controls U.S. airline Frontier Airlines, Mexico's Volaris, Hungarian airline Wizz Air, Canadian airline Lynx Air and Philippine airline Cebu Pacific.

The support contract, which went live on July 1, will see AJW Group use its industry leading expertise to manage the complete supply, repair and overhaul of components for the operator’s rapidly expanding fleet of A320ceo and A320neo aircraft at JetSMART’s primary base of operations in Santiago, Chile. AJW will support with inventory from all strategic European and North American hubs as well as supplying dedicated on-site inventory in Chile, Peru and Argentina to support dispatch reliability.  

Japan’s Feel Air to order up to 36 ATR aircraft

Aircraft manufacturer ATR has signed a Letter of Intent (LoI) for up to 36 aircraft with Feel Air Holdings at the Farnborough Air Show. Feel Air is a new Japanese regional airline holding company created with the purpose of revitalising Japan’s regions. Feel Air will use its unique franchise business structure to gradually establish a family of regional airlines that will cover different areas within Japan.

Feel Air has chosen ATR aircraft for its excellent performance as a route opener. The airline intends to establish new regional connections throughout the Japanese archipelago, which has close to 100 airports in operation. Its aim is to improve inter- and intra-regional mobility as never before, creating a sustainable flow of people and goods and contributing to local economies in an affordable and responsible way.

MMR_03

Aircompany Armenia and partner company Georgian Airlines order three 737-800BCFs

Aircompany Armenia and its partner company Georgian Airlines, have ordered three 737-800 Boeing Converted Freighters (BCF) as part of the group’s plan to add more dedicated cargo airplanes to its operations in the Caucasus region.

The first 737-800BCF on order will be delivered next year, with deliveries continuing into 2024. The converted freighters will be operated by Georgian Airlines, which already operates one 737-800BCF.

The 737-800s will be modified at Guangzhou Aircraft Maintenance Engineering Company (GAMECO) and at Taikoo (Shandong) Aircraft Engineering Co. (STAECO) in China.

Moroccan Forces Royales Air order fleet of H135 helicopters

The Moroccan Forces Royales Air have ordered a fleet of H135s for military primary training missions. The light twin-engine H135, a reference helicopter in  the segment, will be used for training pilots to perform a wide array of demanding missions  including utility and search and rescue. 

The contract also covers an extensive support package including the delivery of flight training devices and the training of instructor pilots and maintenance pilots. The training  programme will enable the Forces Royale Air to take full advantage of the H135’s multi mission capabilities such as NVG and winching. 

GKN Aerospace and Sikorsky extend contract on Black Hawk helicopters

GKN Aerospace has signed an extension to a long-term agreement with Sikorsky, a Lockheed Martin company to supply composite structure components for the H-60 Black Hawk helicopter.

GKN Aerospace is a supplier for structural components and has a long history of supporting the Sikorsky helicopter. The composite components are manufactured at the GKN Aerospace facilities in Tallassee, Alabama.

Shawn Black, President of Defence, said: “The Black Hawk is an iconic helicopter and the mainstay of multiple military and rescue services around the world. I am extremely proud of our team’s effort. We look forward to continuing our relationship with Sikorsky on the Black Hawk and other vital aircraft.”

GKN Aerospace is also the supplier of advanced rotorcraft blades for multiple variants of the Black Hawk helicopter including the HH-60W, UH-60M and the S-70.

WIL_07

GECAS veteran Gerard Browne joins Contrail Aviation as SVP of Marketing and Origination

Contrail Aviation Support, a full-service engine asset management platform as well as worldwide supplier of surplus and aftermarket commercial jet engine components, has announced the appointment of GECAS veteran Gerard Browne as SVP of Marketing & Origination. 

In his new role, Browne will focus on sourcing assets from lessors and airlines across the globe, leveraging his experience, background and deep relationships within the industry to identify opportunities for strategic growth. He teams up with Mark Shaw (Contrail’s Senior VP Airline Marketing) to represent the company from a marketing leadership perspective, helping to promote Contrail’s asset strategy, profile and position in the industry. 

Browne joins Contrail having most recently served as the VP of Engine Trading at GECAS & AerCap in Shannon, Ireland. In that role, he developed and implemented sales strategies for the organisation to involve asset types and timing of engine trading. Prior to that, he was the AVP of Engine Leasing at GE Capital Aviation Services.

Halo Aviation becomes launch customer for Eve's urban air traffic management solution

Eve Holding has entered into a letter of intent (LOI) with Halo Aviation (Halo), a provider of bespoke private Urban Air Mobility (UAM) travel services, to collaborate in the development and launch of Eve’s Urban Air Traffic Management (UATM) software solution.

As part of the agreement, Halo will acquire the software from Eve with the objective of using the software to maximise its UAM operations. It is the first LOI for Eve’s state-of-the-art UATM solution, which will unlock the value and network performance of the UAM market to enable the safe scalability of the industry. The companies also intend to develop an operational model to be deployed in specific missions and regions in the United States and the United Kingdom where Halo operates.

In June of last year, the companies announced the commencement of their partnership focused on developing UAM products and services, as well as Halo’s non-binding commitment to order up to 200 of Eve’s eVTOLs (electric vertical take-off and landing vehicle). Eve’s UATM software is part of an agnostic portfolio of solutions that will enable the integration of all airspace users in the urban environment, which is critical to supporting the safety, efficiency, and improvement of the entire UAM ecosystem, including fleet and vertiport operators. This new collaboration reinforces Eve’s and Halo’s commitment to safely integrating and scaling global UAM operations. Eve expects to start its eVTOL deliveries in 2026.
AviTrader_Weekly_Headline_News_Cover_2022-07-18

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