Monday, July 9th, 2018



Airbus forcasts nearly 37,400 new aircraft valued at US$5.8 trillion required over 20 years

The world’s passenger fleet will more than double to 48,000 aircraft in 20 years with traffic growing at a resilient 4.4% per year, driving a need for 37,390 new passenger and freighter aircraft according to Airbus’ new Global Market Forecast 2018-2037.
Growth drivers include private consumption increasing 2.4 times in emerging economies, higher disposable incomes and a near doubling of the middle classes globally. Emerging countries will account for over 60% of economic growth, with trips per capita to multiply 2.5 times for these nations. Combined with evolving airline business models and continuing liberalisation, the growing scale of air transportation will lead to an increasing resilience to regional slowdowns.
Greater aircraft range and capacity through technological developments allow airlines the flexibility to explore new business opportunities whilst maintaining focus on cost reduction.
“There is a growing trend to use aircraft across a broader range of operations, with today’s more capable aircraft blurring the boundaries between market segments. These realities made us develop a new segmentation with Small, Medium, Large and Extra-Large categories, reflecting more closely the way airlines operate aircraft,” said Eric Schulz, Airbus Chief Commercial Officer. “Thanks to the versatility of our leading, most comprehensive family of aircraft, the top end of our single aisles, the A321neo, fly efficiently on long haul routes and our wide bodies like the A330neo equally serve regional operations. We’re extremely strong in this Medium market segment.”
Airbus already leads in the Small (S) segment with the A320neo and in the Large (L) segment with the A350-900. In the Extra-Large (XL) segment, the market for replacement aircraft is just starting and provides opportunities for the very efficient A350-1000 combined with the A380.
Looking at the four segmentations more closely, in the Small segment typically covering the space where most of today’s single-aisle aircraft compete, there is a forecast future requirement for 28,550 new aircraft, representing more than three-quarters of total expected demand. In the Medium segment, for missions requiring additional capacity and range flexibility, represented by smaller widebodies and longer-range single-aisle aircraft, Airbus forecasts demand for 5,480 passenger and freight aircraft. For additional capacity and range flexibility, in the Large segment where most A350s are present today, there is a need for 1,760 aircraft. In the Extra-Large segment, typically reflecting high capacity and long range missions by the largest aircraft types including the A350-1000 and the A380, Airbus forecasts demand for 1,590 aircraft over the next 20 years.
Of the 37,390 new aircraft required, 26,540 are for growth and 10,850 will replace older generation less fuel efficient aircraft. The more than doubling in the world fleet to 48,000 aircraft results in a need for 540,000 new pilots. Airbus continues to evolve its service business to meet the needs of its growing customer base.

Beach Aviation Group

Sabena technics appoints new Managing Director for its Nîmes branch

The French Group, Sabena technics, has appointed Fabrice Dumas as the new Managing Director of its Nîmes site (France). He will be part of the Group’s Executive Committee.
Fabrice Dumas, a graduate from ISEP, began his career in 1989 as engineer and brings along over 15 years of management experience. He has held a number of high-ranking positions in the aviation industry such as President and General Director of EADS SECA during the merger with Vector Aerospace and CEO of Indusmeca. Before joining Sabena technics, Fabrice Dumas served as CEO of Novae Aerospace Industry where he contributed to develop the company for over two years.

Héroux-Devtek completes acquisition of Beaver Aerospace & Defense

Héroux-Devtek, a leading international manufacturer of aerospace products, has successfully completed the acquisition of all the shares of Beaver Aerospace & Defense and its wholly-owned subsidiary PowerTHRU, from Phillips Service Industries for a purchase price of US$23.5 million including a US$3.5 million balance of sale payable over the next two years and, subject to final working capital adjustments. The transaction was funded through the Corporation’s available cash on hand.
Founded in 1952, Beaver is a vertically integrated manufacturer with a growing portfolio of company-designed products. It designs and manufactures custom ball screws from a variety of materials based on customer and application requirements as well as designs, manufactures, assembles and tests electromechanical actuators.
Beaver operates three facilities totalling 82,200 ft² in Livonia, Michigan and employs approximately 100 people. It generates annual revenues of approximately US$30 million, of which about two thirds are derived from the defence sector.

GA Telesis

Altec, Sitael, Virgin Galactic & The Spaceship Company sign framework to bring commercial spaceflights to Italy for science and tourism

Nicola Zaccheo, Sitael CEO, Vincenzo Giorgio, Altec CEO, and George Whitesides, Virgin Galactic CEO, signed at Sitael headquarters a framework agreement that intends to bring Virgin Galactic spaceflights to Italy. The agreement comes after two years of business discussions, government regulatory analysis, studies on potential operations and market assessment.
In September 2016 Altec – a public-private company owned by the Italian Space Agency and Thales Alenia Space – signed a Memorandum of Understanding with Virgin Galactic. In August 2017 the U.S. Department of State approved a Technical Assistance Agreement for the development of a plan for ultimate construction of an Italian spaceport, that will provide the infrastructure for future Virgin Galactic suborbital flights. Virgin Galactic’s operational headquarters remains at Spaceport America in New Mexico, the world’s first purpose built commercial spaceport.
Earlier this year, following in-depth analysis of potential locations, the Italian aviation authority ENAC designated the Taranto-Grottaglie Airport as the future home for horizontally-launched spaceflights in Italy.


Eirtech awarded first A320neo CAMO approval in Ireland

Eirtech Aviation Services are the first Irish EASA Part M CAMO organisation to have gained approval for A320NEO Aircraft. This approval covers both engines types on the A320NEO, CFM LEAP and Pratt and Whitney IAW PW1100G.
Eirtech leading the way in providing CAMO support for the next generation of A320 aircraft, the NEO series. Achieving this approval allows Eirtech to support its customers who may require CAMO support on their A320neo aircraft due to delayed aircraft deliveries. This also enables Eirtech to support customers with A320neo aircraft entering their fleet for the first time adding this type to their traditional fleet of A320 classic generation.

SAS posts June load factor of 81.8%

SAS Scandinavian Airlines released traffic data for June 2018. Scheduled number of passengers increased by 2.6% to 2.7 million in June. Scheduled traffic for the month increased 2.8%, while capacity was up 1.5% compared to June 2017. The load factor increased 1.0 point to 81.8% compared to the previous year.


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.  

ATR 72-600 Full Flight Simulator in Toulouse receives EASA certification

Turboprop manufacturer ATR, has received certification from the European Aviation Safety Agency (EASA) for its new ATR 72-600 Full Flight Simulator (FFS) based at its headquarters in Toulouse.
This new simulator is now open for reservations. Manufactured by CAE, it will enable ATR to provide its customers and operators with some 5,000 additional training hours per year. Within a period of 18 months, ATR has put three simulators into service, and another one will soon be installed at a location that remains to be determined.
ATR has five training centers based in Toulouse, Paris, Johannesburg, Singapore and Miami, and offers a unique range of pilot training courses including Type Rating, TRI Instructor Course, Multi Crew Coordination, Low Visibility Operations, modular PBN (Performance Based Navigation), upgrade to Captain etc.
ATR also offers an integrated Cadet programme in partnership with Europe’s top aviation school ENAC. This two-year end-to-end course aims at training high-end ready-to-fly First Officers with Captain’s DNA, thereby offering a long-term solution to the pilot shortage. The first ATR-ENAC cadets will be ready to fly in October.


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.

WestJet announces executive leadership changes

The WestJet Group of Companies announced changes to its executive leadership team. Bob Cummings, Executive Vice-President, Strategy and Guest Services will retire effective July 31, 2018. Cam Kenyon, Executive Vice-President, Operations is leaving WestJet to return to the United States effective August 31, 2018. Charles Duncan, Executive Vice-President, and President, WestJet Encore has been appointed Executive Vice-President and Chief Strategy Officer, effective August 1, 2018.

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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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