Friday, July 13th, 2018



Ryanair one-day strike sees 10% of flights canceled

Ryanair has been forced to cancel 30 of its 290 flights on Thursday, July 12, after strike action was taken by a number of its pilots. The strike is over disagreements on seniority and promotions after 99 percent supported the action according to pilot union Forsa. Ryanair refuted the numbers quoted, stating that only 27 percent supported the strike in the Republic of Ireland.
According to a statement from Ryanair: “We have tried to avert this disruption, which is unnecessary given Ryanair pilots’ and their union FORSA has received written proposals on seniority, annual leave and base transfers, which are what FORSA claims are the reasons for this strike, yet FORSA has rejected 21 separate invitations to meet Ryanair to negotiate these documents.”
It is anticipated that further strike action may take place on July 25, this time with cabin crew issues over pay and promotions being the cause for dispute.
The current flight cancelations come on the back of a recent spate of flight cancelations owing to air traffic control staff (ATC) shortages in the UK, Germany and France, where strike action has also been involved. However, Ryanair seems to be in dispute with National Air Traffic Services (NATS) over the supposed lack of ATCs. According to a Ryanair tweet last Sunday, 44 percent of their flights were delayed owing to ATC problems.


Norwegian reports solid profit in second quarter

Norwegian (NAS) has released its second quarter earnings for 2018 with a net profit of NOK 300 million, despite the highest growth in the company’s history. Going forward, the growth will slow down and ramp-up costs will decrease, in line with Norwegian’s strategy.
The net result was NOK 300 million compared to a loss of NOK 691 million the second quarter last year. The result is affected by a reduction in unit costs, which has decreased by 9% this quarter and with 19% excluding fuel.
One-offs have also this quarter contributed to the cost reduction. The costs are lower despite Norwegian’s highest ever production growth (ASK) of 48% and increasing fuel prices. Norwegian’s traffic growth (RPK) this quarter was 46%. The airline carried ten million passengers during the second quarter, an increase of 16%. The load factor for the second quarter was 86.8%, down 0.9 points compared to the second quarter last year.

LCI to lease Boeing 747-400F to Atlas Air

Lease Corporation International (LCI), the aviation division of the Libra Group, has entered into an agreement to place a Boeing 747-400F on a long term lease with Atlas Air, a wholly owned subsidiary of Atlas Air Worldwide Holdings.
Atlas Air Worldwide is a global leader in innovative, outsourced aviation operating services, with more than 25 years of experience serving the airline, express and e-commerce, and freight industries, as well as commercial and military cargo and passenger customers.


Lufthansa Technik introduces first engine wash with carbon dioxide pellets

Lufthansa Technik has developed a unique procedure to wash engines with dry ice, the solid form of carbon dioxide (CO2). The company has filed several patent applications, which means it can now develop an actual product, which will be called Cyclean Dry Ice. As of 2019, the system will be used alongside the water-based Cyclean® engine wash.
During the new engine wash procedure, dry ice pellets that are only a few millimeters in size are shot into the engine via a mobile blasting system. When they hit the components, the pellets release kinetic energy. Through this energy and the contact with the ice-cold pellets (-78.5 degrees Celsius / -109.3 °F), dirt is dislodged from the components.
The new procedure has many advantages: The carbon dioxide used is a by-product of the oil refinery and fertilizer industries so that no additional carbon dioxide has to be generated. And since the pellets transition fully to a gaseous state, there are no residues to deal with. In addition, the procedure can also be applied at outdoor temperatures below freezing. Engines can thus be washed 365 days a year, even in permafrost regions.
The mobile Cyclean Dry Ice washing system is mounted on a platform with an omnidirectional drive. A height-adjustable scissor lift enables fast and thorough cleaning of all engine types, regardless of their size and height. Since there is no need to fasten any pieces of equipment to the engine or to perform a run-up after the engine has been washed, the time needed for the cleaning process - and thus the ground time - is reduced to just 30 minutes compared with conventional engine washes.

CAAS, EASA and Airbus collaborate to advance safety of unmanned aircraft systems in urban environment

The Civil Aviation Authority of Singapore (CAAS), the European Aviation Safety Agency (EASA) and Airbus have agreed to collaborate in the development of safety standards and regulatory requirements for unmanned aircraft systems (UAS) in urban environments. The tripartite Project Document, which lays out the areas of collaboration, was signed by representatives from CAAS, EASA and Airbus.
The Project Document establishes a framework for the exchange of information and technical expertise among the three parties, to facilitate the development of safety standards and regulatory requirements, as well as operational and technological assessments for the deployment of UAS in urban environments, such as last-mile deliveries, leveraging Airbus’ experience with the ongoing Skyways project. (Skyways is an Airbus’ experimental project which aims to establish seamless multi-modal transportation networks in smart cities. Through Skyways, Airbus aims to develop an airborne infrastructure solution to address the sustainability and efficiency of parcel delivery businesses in large urban environments.)
The parties will also share safety information and learning outcomes from the urban UAS trials. The parties also agreed to jointly organise UAS-themed activities such as educational workshops and seminars.


Dubai Aerospace Enterprise (DAE) announces second quarter 2018 strategic and operational highlights

Dubai Aerospace Enterprise (DAE) has announced its second quarter 2018 key strategic and operational highlights for its leasing arm DAE Capital.
DAE has delivered the first of five Boeing 737 MAX 8 aircraft to GOL and delivered the first two of five new Boeing 787-9 Dreamliners to Gulf Air. The company announced the sale of 16 aircraft portfolio valued at approximately US$900 million agreed with three counterparties and has signed a landmark unsecured revolving credit facility with conventional and Islamic tranches of up to US$800 million. Furthermore, DAE has appointed David Houlihan to the newly created role of President, DAE Capital.
DAE has purchased 9 new aircraft during the second quarter and completed 26 leasing transactions. The number of owned, managed and committed aircraft in its fleet is 375 aircraft at the end of the second quarter. At present DAE has 110 customers in 56 countries and a portfolio utilization of 99.7%. The average age of its owned fleet is 5.74 years and the average lease term remaining on its owned fleet is 5.72 years.

Aero Controls

GE Aviation appoints Perry Bradley director of media relations

GE Aviation has appointed Perry Bradley director of media relations. Bradley will lead all media relations activity, including crisis communications and developing and maintaining relationships with key traditional and non-traditional media outlets. He replaces Rick Kennedy, who is retiring September 1, following a storied 30-year career with GE Aviation.
Bradley joined GE Aviation in 2012 as the client communications manager for the Services business. He also supported the Business and General Aviation - Integrated Systems business, and most recently was lead communicator for the GE Aviation Global Supply Chain.

Delta Air Lines reports June quarter 2018 profit

Delta Air Lines has reported financial results for the June quarter 2018. Adjusted pre-tax income for the June quarter 2018 was US$1.6 billion, a US$183 million decrease from the June 2017 quarter, as record revenues partially offset the approximately US$600 million impact of higher fuel prices. Delta’s adjusted operating revenue of US$11.6 billion for the June quarter improved 8%, or US$880 million versus the prior year. This quarterly revenue result marks a record for the company, driven by improvements across Delta’s business, including double-digit increases in both cargo and loyalty revenue.
Total unit revenues excluding refinery sales (TRASM) increased 4.6% during the period driven by strong demand across all entities and improving yields. Foreign exchange drove a nearly one point benefit to the quarter.
Delta generated US$2.8 billion of operating cash flow and US$1.4 billion of free cash flow during the quarter, after the investment of US$1.4 billion into the business primarily for aircraft purchases and improvements.
For the June quarter, Delta returned US$813 million to shareholders, comprised of US$600 million of share repurchases and US$213 million in dividends.


MTU Maintenance Canada completes first V2500 shop visit

MTU Maintenance Canada has re-delivered the first V2500 engine for customer IAE International Aero Engines (IAE) in Vancouver at the end of June. The engine falls under the contract between IAE and MTU last year that sees MTU Maintenance Canada serving V2500 aftermarket customers. The V2500 is the engine that powers the A320ceo family.
“MTU Maintenance performed over one third of all V2500 shop visits worldwide in 2017,” says Michael Schreyögg, Chief Program Officer, MTU Aero Engines. “By introducing the line in Canada, we aim to strengthen our market position and grow as the engine family matures into the early 20s.” Helmut Neuper, President and CEO of MTU Maintenance Canada adds: “Seventeen million Canadian dollars have been invested to establish the line in Richmond, British Columbia, by MTU. The MTU Maintenance Canada facility aims to service around 25 V2500 engines this year, ramping up to 40 in 2019.”

ATR to display new Silver Airways ATR 42-600 at Farnborough International Airshow 2018

ATR, the equal partnership between Airbus and Leonardo, will use the Farnborough International Airshow to display its all-new ATR 42-600 in the livery of its U.S. launch customer, Silver Airways. The plane, which will be leased from Nordic Aviation Capital, will be open to inspection of attendees to the airshow.
According to an ATR press release, the company will also be seizing the opportunity of the airshow to showcase additional innovations, with a dedicated display area near to the ATR 42-600 which will be used for the passenger seats, the Neo Classic and Neo Prestige. The Cabinstream system which enables passengers to stream multimedia content will be on show, as will ClearVision™, a commercial aviation first which, according to ATR: “improves a pilot’s situational awareness with optimized Head-Up capabilities which can also be coupled with Enhanced and Synthetic Vision Systems.”
Silver Airways was founded in 2011 and is headquartered at the Fort Lauderdale-Hollywood International Airport. It operates around 170 daily scheduled flights to ten cities in Florida, while also serving eight destinations in the Bahamas, from its three hubs at Fort Lauderdale, Orlando and Tampa.
Its fleet of 22 Saab 340Bs is now being augmented with ATR Family aircraft, with orders for 15 46-seat ATR 42-600s and four 70-seat ATR 72-600s, which are all scheduled for delivery between 2018 and 2020.

AviTrader CS

click here to download the latest PDF edition


click here to download the latest PDF edition

click here to subscribe to our other free publications


click here to view in PDF aircraft and engines available for sale and lease


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
twitter linkedin