Monday, June 25th, 2018



Threat of Airbus leaving the UK after Brexit “a dawning reality”

Up until now there has been a great deal of rhetoric over what European companies will do if Britain does not secure a solid and clear Brexit deal when it exits the European Union on March 29 next year. That has now changed with Airbus, the second-largest global plane manufacturer making it clear that there is every likelihood it will make no further investment in U.K. suppliers and will close down its own U.K.-based manufacturing facilities.
Currently, Airbus has over 4,000 suppliers based in the UK and directly employs over 14,000 people at 25 sites. One of the ‘jewels in the British crown’ is the airbus plant in Wales which is responsible for manufacturing wings for the A320, A330/340, A350 and A380 passenger planes. It is also working on developing the "next generation" of aircraft wings.
Airbus has made it clear in its Brexit “risk assessment” published last Thursday that if the U.K. left the single market and also the customs union without any agreed transition, this would likely “lead to severe disruption and interruption of UK production." The company added that: "This scenario would force Airbus to reconsider its investments in the UK, and its long-term footprint in the country."
The customs union brings together the EU's 28 members in a duty-free area, in which they pay the same rate of duty on non-EU goods and the U.K.’s prime minister, Theresa May, has ruled out staying in the customs union.
According to Tom Williams, the chief operating officer of Airbus Commercial Aircraft, in "any scenario", Brexit had "severe negative consequences" for the UK aerospace industry and Airbus in particular. Without a deal, he added, Airbus believed the impact on its UK operations could be "significant".
"Put simply, a no-deal scenario directly threatens Airbus' future in the UK."
In an interview with the British Broadcasting Corporation (BBC) Airbus' UK boss, Katherine Bennett, stated that: "this is not project fear, this is dawning reality".

GA Telesis

Jean-Marc Domergue joins CFM executive team

Jean-Marc Domergue has been named CFM International’s vice president of Contracts, replacing Sharyn Cones.
Cones, who had held the role since March 2015, has chosen to focus more time on raising her young family and will remain on the CFM Contracts team on a part-time basis.
In his new role, Domergue is responsible for the negotiation and administration of CFM International contracts with aircraft manufacturers, as well as administering contracts with airline customers for both new engines and for MRO support through CFM Services.

Barfield to distribute Falgayras components in the US

Barfield, the US bridgehead of AFI KLM E&M's global MRO network, has announced the signing of a regional distribution agreement with Falgayras SAS, a cutting-edge mechanical, electrical and electronics engineering oeM located at the heart of the aviation cluster around Toulouse in southern France.
This is an exclusive multi-year agreement involving a selection of Falgayras products, and in particular windscreen wiper systems (wiper arms, blades and motors) fitted as original equipment to many Bombardier CSeries and Mitsubishi MRJ family aircraft, as well as Airbus Helicopter helicopters.
This latest partnership strengthens Barfield's growth strategy in the area of aircraft component distribution - one of the company's three businesses along with maintenance services and the supply of Ground Support Test Equipment (GSTE).
Barfield already markets a wide range of aircraft parts in the Americas under partnerships with reputed oeMs, including Stelia, Airbus EAP, and Siemens Elta.

SR Technics

PSP Investments and ATL Partners announce sale of Sky Aviation Leasing International to Goshawk Aviation

The Public Sector Pension Investment Board (PSP Investments) and ATL Partners (ATL) have announced that their jointly owned portfolio company, Sky Aviation Leasing International (SKY Leasing), has entered into a definitive agreement to sell Sky Aviation Leasing International (SALI), an Irish subsidiary of SKY Leasing, to Goshawk Aviation (Goshawk), an aircraft leasing company owned by Chow Tai Fook Enterprises and NWS Holdings.
Following the completion of this transaction, PSP Investments and ATL will continue to own SKY Leasing, which, through its entities based in the United States, will continue to act as servicer to aircraft owned by various securitization vehicles.
In October 2015, PSP Investments and ATL, in partnership with the management team led by industry veteran Richard Wiley, formed SKY Leasing as a new aircraft leasing platform. The investment was underpinned by the accelerating need for fleet planning in the context of strong growth in the global commercial aircraft fleet and movement to next-generation aircraft. In less than three years since its formation, SALI has acquired or committed to acquire 51 commercial aircraft, building a high-growth, established, and globally active commercial aircraft leasing platform focused on new and young mid-life aircraft.
The transaction is subject to customary regulatory and closing conditions and is expected to be completed in the third quarter of 2018.

Aero Controls

FPG and FPG Amentum arrange the acquisition of two Vueling A320-200s for investor customers

Financial Products Group (FPG), the Tokyo-headquartered, listed independent financial services firm and FPG Amentum (FPG Amentum), the Dublin-based aircraft leasing / management company have announced the acquisition of two Airbus A320-200s.
The aircraft were acquired from another lessor and are on lease to Vueling Airlines, S.A.

AEGEAN Airlines firms up order for 30 A320neo Family aircraft

Greece’s biggest airline, AEGEAN Airlines, has firmed up an order for the purchase of 30 A320neo Family aircraft.
The purchase agreement, comprising 10 A321neos and 20 A320neos, was signed by AEGEAN Chairman Eftichios Vassilakis and Airbus Chief Executive Officer Tom Enders.
It follows an earlier Memorandum of Understanding signed in March 2018. Currently, AEGEAN operates a fleet of 49 Airbus aircraft (37 A320s, 11 A321s and 1 A319).
Eftichios Vassilakis, Chairman of AEGEAN stated: “Our agreement with Airbus augments AEGEAN’s capacity for development along with a trusted, long standing partner. We invest in the bestselling A320neo Family to enhance our competitiveness and to further improve our service offering to our passengers. We believe in the ability of our people to excel in what they do and they deserve to have the best hardware for the job.”


Airbus and THAI sign agreement to proceed with joint venture MRO

Airbus and Thai Airways International (THAI) have signed an agreement to establish a new joint venture maintenance and overhaul (MRO) facility at U-Tapao International Airport near Bangkok.
The accord was signed on June 22, at Airbus headquarters in Toulouse by Usanee Sangsingkeo, Acting President, THAI; and Eric Schulz, Chief Commercial Officer, Airbus, in the presence of Prayut Chan-o-cha, Prime Minister of Thailand and Guillaume Faury, President Airbus Commercial Aircraft.
The new MRO centre will be one of the most modern and extensive in the Asia-Pacific region, offering heavy maintenance and line services for all widebody aircraft types. The facility will feature the latest digital technologies to analyse aircraft maintenance data, as well as advanced inspection techniques, including the use of drones to monitor aircraft airframes.
The MRO complex will also have specialised repair shops, including for composite structures, as well as a maintenance training centre offering extensive courses for technical personnel from Thailand and overseas.

C&L Aviation

Air Lease Corporation signs lease agreements for two Airbus A320-200neo aircraft with SAS

Air Lease Corporation has signed long-term lease agreements with SAS for two new CFM LEAP-1A26-powered Airbus A320-200neo aircraft, scheduled for delivery in November 2019 and April 2020.
“We are pleased to announce this new lease placement with SAS,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “ALC looks forward to building our long-term relationship with SAS as they continue to add new aircraft to modernize their fleet and grow their network, as well as maximize their competitive advantage in the market.”

Norwegian continues expansion in Ireland with first route to Canada

Norwegian is continuing its Irish expansion with the launch of the carrier’s first route to Canada.
Commencing 31st March 2019, the new daily service between Dublin and Hamilton – Toronto will mark the first direct flight between the two cities.
Norwegian’s daily nonstop flights from Dublin to Hamilton – Toronto will be operated using brand new Boeing 737 MAX aircraft offering 189 seats in a high quality, modern single class cabin.


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Farnborough International Airshow
July 16 - 22, 2018

Engine Leasing Seminar
September 18, 2018 – Copthorne Tara Hotel, Kensington, London, UK

Transactional Support & Risk Management Seminar, London
September 19, 2018 – Copthorne Tara Hotel, Kensington, London, UK

MRO Europe
October 16 - 18, 2018 – Amsterdam

Aircraft Economic Life Summit 2018
November 20, 2018 – Gibson Hotel, Dublin, Ireland
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