Wednesday, March 6th, 2019


Trouble at Jet Airways as leasing problems see 21 out of 119 aircraft grounded

Financial problems at India’s Jet Airways has now resulted in 21 of its predominantly leased fleet of 119 aircraft grounded through payment default to leasing companies. This figure does not include aircraft which have been grounded for maintenance purposes. Abu Dhabi’s Etihad Airways holds a 24 percent stake in the beleaguered carrier.

With an increasing number of flights being canceled each week, Jet Airways has been struggling to restructure the carrier’s financial situation, though it has remained in constant contact with
lessors to keep them abreast of the situation. It had been hoped that the SBI-led banking consortium would look to part of a restructuring deal through conversion of debt into equity along with a mix of equity infusion and sale and leaseback of aircraft already owned by the carrier. It is understood that the bank-led consortium would sound out lessors on their payment issue concerns in view of the intended restructuring as a means to avoid the grounding of aircraft. However, the continued action of aircraft lessors to ground aircraft means they clearly do not feel confident that the restructuring plan approved by shareholders at the company’s AGM on February 24.

Jet Airways officials said there have also been talks of some 'interim payment' from SBI soon which could be used for paying pending salaries to its employees.

Component Control

NAC delivers one Embraer E190 to Helvetic Airways on lease

Nordic Aviation Capital (NAC) has confirmed that it has delivered one Embraer E190, MSN 19000265, to Helvetic Airways on lease.

Helvetic Airways is a Swiss airline based at Zurich Airport. Established in 2003, the entirely Swiss airline offers European destinations in the short and medium-haul sectors and operates from Zurich and Bern-Belp airports.

Helvetic Airways AG currently operates a fleet of seven Embraer E190-E1 and five Fokker 100 aircraft. The latter will be withdrawn in the first half of 2019 and replaced with a further four Embraer E190-E1 aircraft. Additionally, new Embraer E190-E2 aircraft will enter into service from September 2019 onwards. Up to eight of the company’s Embraer E190s will be operated in 2019 on behalf of Swiss International Air Lines under a long-term ACMI lease agreement. The remaining aircraft in the Helvetic Airways fleet are operated under other ACMI leases or perform the company’s own scheduled and charter flights.

Bombardier Global 7500 Aircraft Completes World’s Longest Range Business Jet Flight

Bombardier's Global 7500 aircraft, has completed the longest range business jet flight in history, successfully completing an 8,152-nautical-mile flight non-stop, pushing the boundaries of business travel.

The award-winning business jet departed from Singapore Changi Airport at 7:12 a.m. local time and arrived at Tucson International Airport at 8:19 a.m. local time, completing the long-range speed record flight for the city-pair.

“The Global 7500 aircraft was built to break all the records,” said David Coleal, President, Bombardier Business Aircraft. “It achieved the industry’s longest mission ever in business aviation after only two months in service. We’ve demonstrated its unequaled long-range and high speed capabilities, but also its ability to break records confidently with healthy fuel reserves remaining, once again, confirming its unsurpassed performance to customers.”


CargoLogic Germany selects eMRO

CargoLogic Germany (CLG), the Volga-Dnepr Group's (VDG) newst affiliate carrier is prepared to take delivery of three converted Boeing 737-400 freighters for its Leipzig-based startup. The cargo airline will follow the business model of VDG's first partner airline, the UK-registered
CargoLogicAir (CLA).

CLG will focus on express and e-commerce traffic in central and Western Europe and will increase its fleet size as the demand dictates. Understanding the importance of a stream-lined maintenance operation for the anticipated future growth and opportunity, CLG selected the TRAX eMRO cloud-based solution to manage its fleet.

eMRO is a web-based, device-agnostic ERP product that will keep its users connected from where ever they work. eMRO is a complete system with complete information flow. The numerous system modules cover technical, maintenance, materials, finance and quality management to help reduce downtime, provide access to real-time data and ensure regulatory compliance.

LCI Expands Weststar Relationship with Additional Helicopter Deliveries

Lease Corporation International (LCI), the aviation division of the Libra Group, has expanded its longstanding relationship with Weststar Aviation Services with the recent delivery of two additional helicopters on operating leases in Malaysia.

Weststar, one of the global leaders in offshore helicopter aviation services, has recently taken delivery of two helicopters – one Leonardo AW139 and one AW189 - which enter service alongside an existing AW189 from LCI already in operation in its fleet.

The newly delivered aircraft will be used to support Weststar’s offshore helicopter operations in
Kerteh and Miri in Malaysia.

LCI has partnered with Weststar since June 2013, when it delivered the first two AW139s for Weststar’s international operations.

LCI’s fleet, which comprises approximately US$1 billion of assets in service, on order and under
management, is focused on the latest technology light-twin, medium and super medium helicopters manufactured by the leading helicopter OEMs, including Leonardo, Airbus and Sikorsky.


Ginger Evans named CEO of Reach Airports

Reach Airports, a U.S.-based airport management joint venture between Munich Airport International and The Carlyle Group’s CAG Holdings, has named Ginger Evans as its Chief Executive Officer.

Over the past three decades, Ms. Evans has successfully served in key leadership positions of government agencies and private firms within the aviation and transportation industry. Her unique background, coupled with her unparalleled expertise, will provide leadership to the new company which offers training, consulting and management services to the aviation sector in the US, Canada, Mexico and other OECD countries.

At Reach Airports she will be responsible for the overall management of the company, business development serving the North American market, and partnerships with airport-related services firms.  

LHT signs new Contracts with Major Russian Carriers

Three major Russian passenger and cargo carriers have contracted Lufthansa Technik AG for comprehensive and long-term support.

Aeroflot - Russian Airlines has entrusted Lufthansa Technik with Airframe Related Components (ARC®) services for its A320 family aircraft. Ural Airlines has contracted Lufthansa Technik to provide Total Component Support (TCS®) for its new Boeing 737 MAX aircraft and extended an
existing agreement to support the addition of Airbus A320neo aircraft to its fleet. AirBridgeCargo Airlines has signed a long-term Total Component Support contract for its Boeing 747-400F freighter fleet.

Lufthansa Technik has developed close partnerships with carriers in Russia and the CIS region. The long-standing cooperation with Aeroflot - Russian Airlines and Lufthansa Technik has been developing over more than 25 years. The support for Ural Airlines dates back to 2006 when the carrier added the first Airbus A320 to its fleet.

TP Aerospace

AEI adds STAECO as Authorized Conversion Center

Aeronautical Engineers (AEI) has selected Taikoo (Shandong) Aircraft Engineering Company, also known as STAECO, as an Authorized Conversion Center.

“As we gear up production for the B737-800SF program, we needed to expand our conversion line capacity,” said Robert T. Convey, AEI Senior Vice President Sales and Marketing. “STAECO is perfectly situated to serve the broader Asia-Pacific region and is an expert in narrowbody maintenance and modifications with vast experience performing cargo conversions.”

AEI currently has three active Authorized Conversion Centers including, Commercial Jet Inc., in Miami, Florida; Commercial Jet Services in Dothan, Alabama; and KF Aerospace in Kelowna, B.C. Canada.

Manta Air Goes Live with Rusada’s ENVISION

Manta Air, the Maldivian domestic airline, has gone live with Rusada’s maintenance management software, ENVISION, after a successful deployment.

Manta Air is the newest airline to serve the Maldivian domestic market, having successfully
commenced operations last month. The carrier operates a fleet of ATR72-600’s with several DHC-6 Twin Otter’s set to join in the coming months. From its base in Malé it serves the destinations of Kudahuvadhoo, Ifuru, Dharavandhoo, and Thimarafushil.

Rusada’s expert implementation team successfully deployed 8 of ENVISION’s modules in just four
months, providing Manta Air with the key information and insights needed during the launch phase of an airline.


C&L Aviation Group hires Gus L. Taylor Jr. as Recruiting Manager

C&L Aviation Group has reported that Gus L. Taylor Jr. CSP, has joined the company as the company’s Recruiting Manager.

In the new position, Gus will lead recruiting and marketing efforts to meet C&L’s current and future workforce needs as the company continues to expand in both size and scope. 

Gus has over a decade of experience in aviation industry recruiting, recruiting management, human resources management, operations management, leadership, and strategic planning.

Beach Aviation Group

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


TurbineAero's Women in Aviation Day
March 8, 2019 – Arizona, USA

IATP Conference 2019
March 9 - 13, 2019 – Athens, Greece

Saudi International Airshow 2019
March 12 - 14, 2019 – Thumamah Airport, Riyadh, KSA

Analytics and AI in Travel North America
March 14 - 15, 2019 – Hilton Parc 55, San Francisco, CA, USA

Aviation Festival Americas 2019
May 13 - 15, 2019 – JW Marriott Marquis, Miami, FL, USA
twitter linkedin