Tuesday, June 26th, 2018



U.S. and Dutch unhappy with prospect of Capron as new head of Air France

The prospect of Air France appointing Philippe Capron as the troubled carrier’s new CEO has been met with hostility on both sides of the Atlantic. America’s Delta Airlines, which holds an 8.8% stake in Air France-KLM and Holland’s KLM itself have both objected to the possibility of Capron taking the helm at Air France, the principal point of contention being his clear lack of experience in the airline industry.
Capron is currently the CFO at French water utility Veolia and it was Reuters who became aware at the end of last week that Capron had been shortlisted for the position. Over the weekend, French Economy Minister Bruno Le Maire had confirmed that Capron was "one candidate among several others" for the post of Air France CEO.
According to Los Echos, a number of past syndicate presidents of Air France and KLM have written an open letter to Anne-Marie Couders, non-executive president of the Group, advising that there was potential for “grave consequences” if Capron were to be given the post. In addition, a number of KLM administrators had also written to Couderc, deploring the lack of information available surrounding the designation of a new CEO at Air France.
Couderc confirmed that she anticipated a final decision would be made before mid-July.


Bamboo Airways signs commitment for 20 787 Dreamliners

Boeing and Bamboo Airways have signed a commitment for 20 787-9 Dreamliners in a deal that would be worth US$5.6 billion at current list prices, when finalized.
The announcement was made during a signing ceremony at the U.S. Chamber of Commerce office.
As part of the agreement, Bamboo Airways completed the deposit requirement in mid-June to reserve the 20 airplanes, which are tentatively schedule to deliver from April 2020 through 2021.

Bombardier renews agreements with unionized employees in Toronto

Bombardier has reached collective bargaining agreements with the more than 2,100 production and office workers, represented by Unifor Locals 112 and 673, at its site in Toronto, Ontario.
Members from Unifor Locals 112 and 673 ratified the agreements to reflect their continued commitment to the success of Bombardier’s Toronto site, and the future of the new site at Toronto Pearson International Airport.
The Bombardier Toronto Site is an important engineering and research and development facility, and home to a 24/7 customer support centre for Bombardier aircraft. Employees at the Toronto Site assemble the Q400 turboprop airliner, and the Global 5000, Global 5500, Global 6000, Global 6500 and Global 7500 business jets.


Kuwait Airways takes off with AMOS

Kuwait Airways, one of the oldest airlines in the Middle East, has selected AMOS as their single software solution to manage the airline’s technical requirements regarding aircraft and components.
With the arrival of A320neos and A350 in 2019, Kuwait Airways wanted to prepare for the next phase of their fleet renewal and concluded that AMOS would provide an optimum support in this process.
AMOS will replace three legacy systems at Kuwait Airways with historical data of many different aircraft-types reaching back 20 years. This makes the data transfer sub-project a challenging one with due regard to the complexity and criticality of the data migration process.
After a rigorous evaluation process, the functional richness and advanced technology of AMOS, paired with Swiss-AS experience and a proven track record of successful implementations, convinced Kuwait Airways to select the Swiss M&E software. The national carrier is ready to replace its legacy systems in the M&E sector and adopt AMOS best practice processes.
AMOS will replace three legacy systems at Kuwait Airways with historical data of many different aircraft-types reaching back 20 years. This makes the data transfer sub-project a challenging one with due regard to the complexity and criticality of the data migration process.

Flywings Simulator Training Centre selects Spatial to manufacture A321 mid-cabin exit trainer

Spatial, a leading provider of cabin crew training simulators, has been selected by Flywings Simulator Training Centre (FWSTC) to manufacture an A321 mid-cabin exit trainer.
The fully functional, high fidelity mid-cabin simulator will incorporate a Type C door and A321NX ACF overwing exit and enable the comprehensive training of cabin crew in the safe operation of the doors in all normal and potential emergency situations onboard A321 aircraft.
An intuitive Instructor Operator Station (IOS) will enable the simulation of any malfunction situation by the trainer including power assist failures, handle and door jams and slide auto-inflation failures. Designed and built to withstand the rigours of high volume training, the device will include door visual simulations, passenger service units and drop-down oxygen masks.
The device will be delivered to FWSTC within 3 months. Based in Gurugram, FWSTC is one of India’s major providers of training services to airline pilots and cabin crew in the region.


BLR Aerospace announces first H125 FastFin System validation in China

BLR Aerospace has announced that the Civil Aviation Administration of China has validated the Supplemental Type Certificate for the H125 FastFin® System, clearing the way for installation of FastFin on Airbus H125 helicopters in China.
It is the first FastFin System to be validated in China, according to BLR President Mike Carpenter.
The H125 FastFin System uses advanced airflow management to increase the effectiveness of the H125 anti-torque system for significant increases to useful load and aircraft stability, especially in hot/high conditions. Benefits include a useful load increase up to 120 pounds and a 10% improvement in pedal margins.
Thirty-five H125 FastFin Systems have been sold to date and are operating in seven countries. More than 1,100 FastFin Systems are flying worldwide.

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.

Magellan Group

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.

TP Aerospace

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.

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.


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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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