Friday, July 6th, 2018



Boeing and Embraer to Create Joint Venture Aimed at Accelerating Global Aerospace Growth

Boeing and Brazil’s Embraer have jointly announced the signing of a Memorandum of Understanding (MoU) for the formation of a strategic aerospace partnership. The proposed joint venture will see Embraer’s commercial aircraft and services business align, strategically, with Boeing’s commercial development, production, marketing and lifecycle services operations.
The joint venture will see Boeing hold an 80 percent stake, with Embraer holding the remaining 20 percent. Boeing’s stake in the venture is valued at US$3.8 billion based on the US$4.75 billion established as the full value of Embraer’s commercial operations.
Dennis Muilenburg, Boeing’s Chairman, President and Chief Executive Officer commented: “By forging this strategic partnership, we will be ideally positioned to generate significant value for both companies’ customers, employees and shareholders – and for Brazil and the United States. This important partnership clearly aligns with Boeing’s long-term strategy of investing in organic growth and returning value to shareholders, complemented by strategic arrangements that enhance and accelerate our growth plans.”
The joint venture should be well positioned to offer a comprehensive commercial airplane portfolio with jets having from 70 to over 450 seats.
In addition, a further joint venture will be established between the two companies in an attempt to develop new markets and applications for defense products, including the KC-390 multi-mission jet.
Financial and operational details will be finalized over the next few months, and subject to this and regulatory approval, plus approval obtained from the Brazilian Government, will see the transaction closed by the end of 2019.


Norwegian reports 14% passenger growth in June

A total of 3,497,286  passengers  chose to fly with Norwegian in June, 437,883  more than the same period last year. Total traffic increased by 44% and capacity increased by 43% compared to the same period in 2017. The load factor was 90.5%, up 0.8 points compared to the previous year.  

AFI KLM E&M carries out LEAP operations for TUI Group

AFI KLM E&M has successfully completed an engine build-up workscope on a LEAP-1B engine for client airline TUI Group at its Amsterdam-Schiphol facility. AFI KLM E&M has thus demonstrated its ability already to take charge of light maintenance on CFM's new-generation engine and to meet early needs of operating airlines.
Engine build-up operations involve mounting all the related components (supports, ducting, electrical harnesses, LRUs, etc.) on a basic engine block. TUI Group, which earlier this year took delivery of its first Boeing 737 MAX out of a total order of 72 aircraft ordered for its various airlines called on the expertise of AFI KLM E&M to perform the build-up on a spare LEAP-1B.


Delta reports operating performance for June 2018

Delta Air Lines has reported operating performance for June 2018. The company carried 17.7 million customers across its broad global network, a record for the month of June.​ System traffic for June increased 3% compared to June 2017 while capacity was up 3% as well. System load factor for the month was 88.5%, the same as in June 2017.

Airbus extends Technology Research with Chinese partners

Airbus Beijing Engineering Centre (ABEC), a joint venture between Airbus and China Aviation Industry Corporation (AVIC), opened a new lab on nanocomposite materials jointly with National Centre for Nanoscience and Technology of China. On the same day, the two parties signed a cooperation agreement on engineering polymer nanocomposites for aeronautic applications.
Both sides agree to carry out R&T activities on electrically conductive, self-healing and toughening nanocomposites. The aim is to explore the application of the state-of-art nanocomposite technology in the aeronautic industry.
The research will be jointly conducted by ABEC engineers and a group of top Chinese academies and universities, including NCNST, Tsinghua University, Sun Yat-Sen University, HK University of Science and Technology and Hong Kong Polytechnic University. The cooperation is also endorsed by Du Shanyi, member of the Chinese Academy of Engineering and Fan Shoushan, member of the Chinese Academy of Science, who will act as the project consultants.
Airbus also commits to set up an Airbus Scholarship programme in NCNST to support the development of the future talents in the nanoscience area.
Since its creation in 2005, ABEC has been successfully taking part in designing components for all the Airbus programmes including the company’s flagship A380 as well as A350XWB. It performs the specific design work related to the 5% A350XWB airframe work packages to be carried out in China.


Avolon delivers one Airbus A320neo to Air India

Avolon, the international aircraft leasing company, has delivered one Airbus A320neo aircraft to Air India. This is the 11 Avolon aircraft on lease to Air India.

Materials Laboratory of Liebherr-Aerospace Toulouse SAS accredited by NADCAP

Liebherr-Aerospace Toulouse SAS, center of excellence for aerospace air management systems within the Liebherr Group, has obtained accreditation from NADCAP (National Aerospace and Defense Contractors Accreditation Program) for its Materials Testing Laboratory.
This accreditation follows an audit conducted in early March 2018 by the Performance Review Institute (PRI), which focused on both the overall quality system of the laboratory and the practice of static and dynamic mechanical tests.
NADCAP is a program that aims to gather the requirements of aeronautics stakeholders in unique audits, which are applicable in many special processes. The objectives are twofold: to improve the quality of the products and processes while cutting costs.
The investment of Liebherr-Aerospace Toulouse SAS in this program demonstrates the company’s level of commitment to be as close as possible to the demands of the aircraft manufacturers. This certification represents an important step within an overall continuous improvement of quality.


Airbus A380 joins Hi Fly fleet

Hi Fly, a European Airline specialized in widebody aircraft wet lease to other airlines and governments on a global basis, has received its first Airbus A380 on July 5.
The arrival is a major event for the Company, making it the 4th European airline operating the model, the 14th global operator and the first leasing airline to fly the aircraft.
This first A380 will be operating worldwide and will be powered by Rolls Royce Trent 900 engines. With 471 seats distributed between three classes, the main deck has the First class for 12 passengers and Economy class for 311 passengers while the upper deck has Business and Economy class seats carrying 60 and 88 passengers respectively. In a high density version, the aircraft can carry up to 853 passengers.

Comair renews partnership with Sabre to fuel growth

South African airline operator Comair has renewed its agreement with Sabre Corporation for the global travel technology leader’s passenger reservations system, commercial systems and operations systems to help further enhance customer experience, boost revenues and improve efficiency.
One of Africa’s most successful airline operators, Comair has relied upon Sabre’s technology platform for its core reservations and commercial environment for its low-cost airline brand, kulula.com, since 2012. The new contract includes a host of additional technology solutions.
Comair has posted consistent profits for more than seven decades and operates two airline brands – kulula.com and a British Airways franchise – which together transport more than 5.5 million passengers per year.

Beach Aviation Group

LCI extends B747 Freighter lease with ACT Airlines

Lease Corporation International (LCI), the aviation division of the Libra Group, has announced the long-term extension of the lease of one of its Boeing 747-400 freighters to ACT Airlines.
The Boeing 747-400 is a proven and versatile cargo aircraft, and a popular part of LCI’s fleet in the current strong air cargo market.
ACT Airlines, a Turkish wet-lease operator, was founded in 2004, and now operates a fleet of five B747-400F/ERF aircraft for its own operations as well as on behalf of other airlines.

Judgment of the European Court of Justice: Booked airline must pay compensation in the event of a delay or cancelation

In the event of delay of more than three hours or cancelation of a flight, the airline that offered the flight must pay compensation to passengers - even if the aircraft and crew have been chartered. This was decided by the European Court of Justice (ECJ).
Travelers who are delayed for over three hours will receive their compensation from the airline with which they booked their flight - even if the delayed or canceled aircraft and its crew belong to another airline. This was decided by the ECJ in Luxembourg, with the judges ruling that financial responsibility in the event of cancelation or a long delay should be borne by the airline scheduling the flight.
In this specific case, TUI fly is now obliged to compensate passengers because: the airline had hired the aircraft and crew from Thomson Airways, and the ticket said: "executed by Thomson Airways". After the flight arrived at its destination more than three hours late, several passengers demanded compensation under EU law.
The Hamburg Regional Court asked the European Court of Justice which airline should be considered to be the "operating air carrier" within the meaning of EU rules in such a case - and must therefore pay the compensation.
If a flight is canceled, or delayed by more than three hours, passengers are entitled to compensation under EU law.


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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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