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Thursday, September 15th, 2022

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Major boost for Gulfstream 400 programme as P&W Canada PW812GA gets type certification

Pratt & Whitney Canada, an offshoot of Pratt & Whitney, has announced it has received Type Certification from Transport Canada Civil Aviation for its PW812GA engine. This engine was chosen in in October 2021 to power the latest Gulfstream G400TM business jet. Once operational, the G400 will be the third Gulfstream jet to be powered by Pratt & Whitney engines.

The Gulfstream G500 is powered by the PW814GA and entered into service in 2018, while the G600 is powered by the PW815GA which entered into service in 2019. GA stands for ‘General Aviation’ and the PW800 engines share multiple commonalities with the P&W GTF (Geared Turbofan) engine which has clocked up over 2.2 million flight hours.

“When we designed the PW800 engine, we did so with all of the engine’s key stakeholders in mind – passengers, pilots and maintenance crews,” said Edward Hoskin, Vice President, Engineering. “The PW800 has numerous inherent advantages and functionalities to ensure best-in-class availability and to create an exceptional engine response. It also sets the industry standard for maintenance, requiring 40% less scheduled maintenance and 20% fewer inspections than other engines in its class.”

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Apollo funds commit up to US$1.5 billion to Embraer customer financing agreement

Embraer S.A. (Embraer) has signed a memorandum of understanding with an affiliate of Apollo, on behalf of its clients and managed funds, with respect to a US$1.5 billion customer financing programme for Embraer’s regional aircraft.

Apollo, working alongside Embraer, will offer a comprehensive range of innovative and bespoke solutions across the spectrum of customer and delivery financing. The programme also includes options to explore financing for customers’ ESG focused projects, such as the development of green technologies. Apollo’s financing capabilities encompass various debt financing alternatives along with PDP (Progress Delivery Payment) financing and a full suite of leasing options.

Funding would be primarily available through Apollo’s aviation business, which encompasses dedicated investment funds, its aviation lending platform PK AirFinance and its leasing and servicing affiliate Merx Aviation. Apollo can also access additional low-cost capital across its broader investment platform. As the first major transaction under the new initiative, the firms also disclosed that Apollo, on behalf of its clients and managed funds, entered a definitive sale and leaseback agreement, including PDP financing, for six Porter Airlines E195-E2s scheduled for delivery in 2023.

Porter Airlines to lease six Embraer E195-E2 aircraft from TrueNoord

Specialist regional aircraft lessor TrueNoord, has completed the purchase agreement for multiple new E195-E2 aircraft from Embraer. The next generation jets will join Porter Airlines’ growing fleet on a long-term operating lease. All six aircraft are to be delivered in 2023 and are part of Porter’s first firm E2 order for 30 E195-E2s, confirmed in 2021.

Based primarily at Toronto Pearson International Airport, Porter will fly the new E2 aircraft to key destinations across Canada and the United States, with routes connecting to U.S. south- and west-coast destinations.

Jeffrey Brown, Executive Vice President and Chief Financial Officer at Porter Airlines, commented on the positive partnership with TrueNoord and how he looks forward to a long-term relationship between the two companies. “The growth plans that Porter is pursuing require support from dedicated partners. TrueNoord fits this mould, not simply from a financial perspective, but also by understanding our vision and how we intend to use the E195-E2 to help introduce a new level of service throughout North America.”

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Satair and Triumph Aviation Services Asia extend repair agreement for Airbus proprietary parts

Satair, an Airbus services company, and Triumph Aviation Services Asia (TASA) have signed a multi-year agreement extending the long-standing provisioning of repair station services for Airbus proprietary parts powered by Satair.

Since 2015, Satair has partnered with TASA – part of Triumph Group of the U.S.A., which has carried out repair services for a wide range of Airbus aircraft operators with a progressive increase in the development of new repair capabilities and onboarding new aircraft programmes, like the Airbus A350.

Under the new agreement, TASA will provide repair services for Airbus proprietary parts for all A320, A330, A350 and A380 families, with a special focus on the structural and flight surfaces and including but not limited to rudders, elevators, sharklets, etc.

In addition to the wide coverage of Airbus platforms, the extension is projected to establish the footprint and readiness to support additional repair services for NextGen aircraft such as the A350, as well as for legacy platforms including the single-aisle (A320 family), long-range (A330/340 family) and A380 programmes.

Lufthansa fully back in private hands

The Economic Stabilization Fund of the Federal Republic of Germany (WSF) has released that all the remaining shares of its holding in Deutsche Lufthansa AG had been sold to various investors via an accelerated book building process.

The WSF last held around 6.2% of the company's share capital (74.4 million shares). The WSF had acquired its original shareholding of 20% of the share capital of Deutsche Lufthansa AG for €306 million in the summer of 2020. It was agreed at the time that the holding would be sold by October 2023 at the latest.

Deutsche Lufthansa AG had already repaid all the loans and deposits it had received from the German government ahead of schedule in November 2021.

Following the sale of its remaining shares, the WSF no longer holds any equity stake in Deutsche Lufthansa AG. As a result, all remaining conditions will now also end.

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Chorus Aviation announces President & Chief Executive Officer succession

The Board of Directors of Chorus Aviation (Chorus) has released that Joseph (Joe) Randell plans to retire as President and Chief Executive Officer, in the first quarter of 2023, following the company’s reporting of its 2022 year-end results. 

His retirement will follow a 37-year leadership career in regional aviation. Upon Randell’s retirement, Colin Copp, currently the Chief Operating Officer, Chorus and President, Chorus Aviation Services, will be appointed President and Chief Executive Officer of Chorus.  

Copp has been the Chief Operating Officer of Chorus and President of Chorus Aviation Services, including Jazz Aviation and Voyageur Aviation, since March 2019.  Previously, he was the President of Jazz Aviation. He has been with the company and its predecessors for over 30 years, with leadership experience in key roles across operations, administration, and labour relations.  Colin holds a Masters’ Degree in Business Administration, is a Certified Negotiator and Chartered Mediator and holds a designation from the Institute of Corporate Directors (ICD.D). He is currently a Board member of the Air Transport Association of Canada and the Aerospace Industries Association of Canada.

TAM's first half year exceeds expectations

With the books closed on the first half of 2022, TAM, Täby Air Maintenance, looks back on a good first half year and have high hopes for an equally good rest of the year. A number of Saab 340 cargo conversions and the new Saab 2000 cargo conversion programme well under way, adds to a steady flow of ordinary MRO-work on Saab and ATR 72 aircraft.

Having both a design organisation and parts production inhouse gives TAM a unique flexibility to support operators of regional aircraft with an unparalleled ability to provide not only a highly cost-effective MRO-service but also to solve upcoming, unexpected issues, be it in the hangars or as an AOG-occurrence.

With the successful Saab 340 Cargo Conversion programme, complemented by the new Saab 2000 cargo conversion programme, TAM has a firm position as the world’s leading Saab 340/2000 conversion specialist.

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Embraer engages OGMA for maintenance and modernisation of A-29 Super Tucano

Embraer has announced the beginning of the engagement process for OGMA S.A., the company’s subsidiary in Portugal, to perform support and maintenance for the A-29 Super Tucano, as well as future modifications to the aircraft to meet the requirements of current and future customers in the region. Thus, OGMA will be the first company in Europe, the Middle East, and Africa (EMEA) to have these capabilities.

Currently, OGMA already provides logistical support for the A-29 Super Tucano demonstrator, which has the Portuguese company as its base of operations, allowing technicians to enable demonstration missions around the world for future customers. With more than 260 units delivered worldwide, the A-29 aircraft has already been selected by more than 15 air forces, including armed forces from EMEA region such as Mali, Mauritania, Nigeria, Burkina Faso, and Angola.

Initially, OGMA will be certified for the A-29 maintenance, which aims to generate revenue in the provision of services to current customers, creating another immediate opportunity for OGMA to continue to grow, generating value in Portugal and strengthening the Portuguese Aeronautical Cluster. In the next step, another opportunity will be open for the company associated with the A-29 modernisation to respond to the future needs of its current operators.

Qatar Airways re-introduces A380 to Perth

Starting December 6, 2022, Qatar Airways will be increasing passenger capacity on its flights to and from Perth. Previously operated by the Boeing B777-300ER, passengers will now have a chance to journey on board the A380, featuring a three-class configuration of seating over two decks with a dedicated onboard premium lounge. The aircraft will accommodate an additional 163 passengers daily adding up to 517 seats spread across the three cabins: eight First Class seats, 48 Business Class seats and 461 Economy Class seats.

This update is part of the recent strategic partnership between Qatar Airways and Virgin Australia. This expanded codeshare significantly expands the networks, lounges and loyalty programmes of both airlines, bringing substantial benefits and new destinations to travellers. Launched in September 2022, the partnership opens seamless travel to over 150 destinations across the extensive Qatar Airways and Virgin Australia networks, creating a new gateway of seamless travel between Australia, the Middle East, Europe and Africa, including popular destinations such as London, Paris, Rome and Athens.

Perth is one of Australia’s most cultural cities, with its origins woven into many of its landmarks. The increased capacity extends Qatar Airways’ commitment to the Australian community by providing greater opportunities for connections to many destinations in its global network.
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Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
Phone: +1 (788) 213 8543
Tamar