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Friday, September 2nd, 2022

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Lufthansa to cancel 800 flights on Friday due to pilots strike

German pilots’ union Vereinigung Cockpit (VC) has announced that Lufthansa pilots will be instigating a one-day strike beginning at midnight Thursday local time. The announcement has come on the back of failed pay talks and will result in the cancellation of approximately 800 flights, which will affect roughly 130,000 passengers, while also disrupting cargo services. Flag carrying Lufthansa has confirmed that flight cancellations will affect both Frankfurt and Munich Airports. VC is demanding a 5.5% pay rise this year for its more than 5,000 pilots and automatic inflation compensation thereafter. Lufthansa had offered a total of €900 euros more in basic pay per month in two stages over an 18-month term plus an agreement guaranteeing cockpit staff a minimum fleet size.

"We hope to get back to negotiations as soon as possible," a Lufthansa spokesperson said today
(Thursday), adding: "However, we cannot bear the cost increases associated with VC's demands
either". A further blow to Lufthansa was dealt by Germany’s cartel office which has announced that
Lufthansa has been prohibited from ending existing long-term cooperation agreements with Condor,
a charter airline, until further notice, advising that the national carrier was impeding Condor from
competing on long-haul routes. However, Lufthansa has chosen not to accept the cartel office’s
decision and according to the carrier: "… we do not share the Bundeskartellamt's view and will
therefore submit the decision to a judicial review."

VOR_01

Chorus Aviation signs agreements to trade eight aircraft for net proceeds of US$45 million

Chorus Aviation has announced that its subsidiary, Falko Regional Aircraft Limited has executed agreements to sell eight wholly owned aircraft that had previously been on lease, for net proceeds of approximately US$45 million after related debt repayments and estimated tax provisions. The Falko team has an extensive track record of opportunistically selling aircraft, having completed over 160 aircraft sales.

"The sale of these Chorus owned aircraft decreases debt and leverage while generating cash flows from trading. We will continue to look for opportunistic asset sale transactions to increase shareholder value," concluded Mr. Randell.

This transaction is expected to close before the end of the third quarter of 2022.

Wizz Air adds the fifth aircraft to Vienna base

Wizz Air has announced the stationing of a fifth aircraft at its Vienna base and its growth plans for the Austrian market. The new Airbus A321neo will join the fleet in Vienna from December 2022 and enable the launch of 3 new routes to Madeira, Riyadh and Jeddah.  

Wizz Air currently offers its passengers a network of over 1000 routes to more than 190 destinations in 52 countries. From its base in Vienna, Wizz Air currently offers to 37 routes to 24 countries, including the popular destinations of Reykjavik, Zakynthos and Rome.  With today's announcement of the addition of Madeira (Portugal), Riyadh and Jeddah (Saudi Arabia) to the flight schedule, 40 routes in 25 countries will be served from Austria in the future. From December 2022, the new destination will be served from Vienna.

TAG_06

Petr Doberský has been appointed Czech Airlines Technics new chairman

Czech Airlines Technics, a subsidiary of Prague Airport and provider of aircraft repair and maintenance services, has new management. Effective 1 September, Petr Doberský, CSAT Board Member, becomes Chairman of the Board elected by Board Members at today’s extraordinary meeting. Resigning Chairman Pavel Haleš has decided to accept a new professional challenge after eight years as the head of CSAT.

“My goal for the up-coming period is to return CSAT to its pre-2020 scope and then create a solid foundation for the planned further development both in the main segment of base maintenance and in the rest of the divisions. I am happy I can be a part of the development of a company with more than ninety-years’ tradition in aircraft repair and maintenance,” Petr Doberský specified.

Prior to joining CSAT, Petr Doberský worked for Prague Airport as an Executive Director in charge of accounting, taxes, and financial relations. Before that, he worked in consulting companies in the field of mergers, acquisitions, and financial audits.

MAG_10

GKN Aerospace delivers innovative energy efficient Turbine Exhaust Module to MTU

GKN Aerospace engineers in Trollhättan Sweden, have successfully designed, developed and delivered a new Turbine Exhaust Module to MTU in Germany as part of the EU funded Clean Sky-2 EMVAL demonstrator programme. The Turbine Exhaust Module is paramount for heat dissipation and performance of an aero-engine and therefore a key component in improving the efficiency.

The EMVAL (Engine Material VALidation) engine demonstrator project includes the development and testing of a new MTU turbine module and a new GKN Aerospace turbine exhaust module, using an existing turbo shaft engine modified as test vehicle. The ground testing of the full-scale Engine demonstrator later this year at MTU is a key milestone in validation of the concept.

The module from GKN Aerospace includes a novel lightweight turbine exhaust case (TEC) design with separated thermal and mechanical functionality. It has been produced with extensive use of additive manufacturing (AM). The TEC consists of an inner load carrying structure and aerodynamically shaped vanes (or heat shielding fairings). This concept can withstand higher temperatures than current TEC’s, but it also saves weight as the axial length can be reduced. GKN Aerospace will be presenting a paper on EMVAL and other demonstrator programmes on 8 September at the ICAS conference in Stockholm.

PEN_01

Willis Lease Finance Corp’s subsidiary named dedicated aircraft CAMO provider by Peach Aviation Limited

Willis Lease Finance Corporation has announced that its wholly owned subsidiary, Willis Asset Management Limited, has been selected by Peach Aviation Limited as its dedicated aircraft CAMO provider in support of A320 aircraft redeliveries taking place at various Maintenance, Repair & Overhauls in Asia and Europe. With longstanding technical asset management experience, Willis Asset is committed to providing efficient, customized and cost-effective solutions supporting airlines, lessors, MROs and financiers around the globe.

“Willis Lease, and our subsidiaries, are well placed to support our customers with fleet transitions due to our broad capabilities, ranging from CAMO and airframe maintenance to fleet purchases and engine exchanges. We are honored to have been selected by Peach and look forward to exceeding their expectations,” said Austin C. Willis, CEO of Willis Lease.

Southeast Aerospace receives STC certification for BELL 407 Helicoptor operator station

Southeast Aerospace has received the Federal Aviation Administration (FAA) Supplemental Type Certification (STC) number SR04546AT for the installation of their SEA special mission operator station in the Bell 407 helicopter.

Southeast Aerospace designed and manufactured the operator station as an ideal mounting solution for housing mission equipment in the Bell 407 helicopter to support Airborne Law Enforcement (ALE) missions. Obtaining STC
certification for the operator station provides a seamless path to meeting the regulatory and safety requirements of an FAA-approved installation in the Bell 407, mitigating additional costs or requirements for both the customer and installation facility.

The operator station was designed to support the Tactical Flight Officer's (TFO) mission as a primary focus. Dual monitors provide an extended viewing area for mission sensor and mapping data, and the operator station cabinet
offers ample space for housing a fully integrated mission suite of their choosing.
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