Airbus likely to miss 2022 delivery target but reaffirms financial guidance

©Airbus

Airbus has admitted that owing to a complex operating environment at the moment, it is likely to miss its targeted delivery of “around 700” commercial aircraft this year, albeit marginally. This month its deliveries totalled 68 units, bringing the total deliveries for the year to 565 aircraft. For 2023 and 2024 the European planemaker anticipates delivering 65 units per month, and is targeting a ramp-up to 75 unit by 2025. In the meantime, Airbus has not changed its guidance presented with the nine-month 2022 results, which basically means guidance for EBIT Adjusted and Free Cash Flow before M&A and Customer Read more

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International Aerospace Coatings (IAC Group) acquired by Tiger Infrastructure Partners

Tiger Infrastructure Partners (Tiger), a private equity infrastructure investor, has announced the acquisition of International Aerospace Coatings (IAC) Group, which includes Eirtech Aviation Services. IAC Group is one of the world’s leading aviation services providers headquartered in Shannon, Ireland and Irvine, California.  IAC’s portfolio of 18 aircraft hangars is strategically located at seven airports and two customer sites in the United States and Europe, providing essential services to customers in the global aviation industry, including aircraft manufacturers, commercial airlines, aircraft leasing companies, air cargo carriers and governments. IAC Group employs more than 1,000 people worldwide, including more than 250 in Read more

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IATA provides economic outlook and state of the industry

©AirTeamImages

The International Air Transport Association (IATA) expects a return to profitability for the global airline industry in 2023 as airlines continue to cut losses stemming from the effects of the COVID-19 pandemic to their business in 2022.  In 2023, airlines are expected to post a small net profit of US$4.7 billion—a 0.6% net profit margin. It is the first profit since 2019 when industry net profits were US$26.4 billion (3.1% net profit margin).  In 2022, airline net losses are expected to be US$6.9 billion (an improvement on the US$9.7 billion loss for 2022 in IATA’s June outlook). This is significantly Read more

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TA Aerospace selects Wencor for global distribution partnership

TA Aerospace has selected Wencor as an authorised distributor supporting the global commercial aftermarket and OEM market segments, as well as selecting Wencor as the preferred channel for defence. The multi-year agreement allows Wencor to support these channels through its global stocking facilities and on-site service locations at key customers. The global agreement includes TA’s full suite of metallic and elastomer clamping systems, moulded grommets, and thermal fire barrier insulation solutions for the worldwide aerospace and defence markets.

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Etihad Cargo to offer twice-weekly freighter capacity between Shanghai and Chennai

Etihad Cargo will introduce twice-weekly freighter service from Shanghai to Abu Dhabi via Chennai starting December 8th ©Etihad Cargo

Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has reinforced its commitment to the Chinese and Indian markets, reinstating a twice-weekly freighter service from Shanghai to Abu Dhabi via Chennai starting December 8. The additional freighter service will provide additional capacity into two key global markets.  This latest addition to Etihad Cargo’s network follows the introduction of twice-weekly direct flights to Guangzhou. With the introduction of this destination to the carrier’s network, Etihad Cargo became the first international airline to operate long-haul cargo and passenger services to the top three Chinese gateways — Shanghai, Beijing and Guangzhou — Read more

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Jürgen Sehne becomes Managing Director of Complete Aircraft Services

Jürgen Sehne

Complete Aircraft Services GmbH (CAS) will start operations as part of the AeroVisto Group on January 1, 2023. At the same time, Jürgen Sehne will assume the role of Managing Director. After studying aerospace and industrial engineering in the 90s, Sehne worked for several well-known aviation companies, including Dornier, Airbus, Lufthansa, Condor and SWISS. During this time, he gained a great deal of experience in various areas of the aviation industry – from aircraft development, engineering and controlling to operational planning and production management. In various management positions over the past 25 years, he has already built, led and developed Read more

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AELS acquires Boeing 737-800 from TUI Belgium

The Boeing 737-800 airframe (MSN 34692, OO-JLO) ©AELS

AELS has released that it completed the acquisition of a Boeing 737-800 airframe (MSN 34692, OO-JLO), previously owned and operated by TUI Belgium. This acquisition is realised with the support of Skytech-AIC, that acted as Marketing Agent for TUI. This is the third airframe that AELS purchased from TUI, testifying that AELS is a competent partner to dismantle its aircraft in a responsible and sustainable manner. The aircraft was purchased without the engines and is located at Prestwick Airport. Since the aircraft is unable to fly to the AELS’ facility and the airport has limitations, a creative solution was developed. Read more

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Daher plans to acquire Transports Chabrillac

Daher is in the process of acquiring Transports Chabrillac, the satellite and launcher transporter specialist, to further reinforce its status as a leader in special and multi-modal transportation for the aerospace industry. For more than 60 years, Toulouse, France-based Transports Chabrillac has specialized in providing transportation services for the space industry, serving leading European companies – including Airbus, ArianeGroup and Thales.  The acquisition will consolidate Daher’s status as a specialist in multi-modal solutions for the aviation, defence and space industries. This injection of new expertise will further extend the diverse range of global transportation solutions offered by Daher, from freight forwarding and Read more

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Savback Helicopters signs LoI for 25 Mayman Aerospace Speeders

Speeder will add new capabilities to the Savback Helicopter portfolio ©Savback

Having been appointed as the exclusive marketing and sales representative for Speeder in the Nordic countries in June 2022, Sweden-based Savback Helicopters (Savback) has confirmed it has signed a Letter of Intent with Mayman Aerospace for the acquisition of 25 Speeder Air Utility Vehicles (AUVs), making Savback the first civilian purchaser for the aircraft. The announced deal has a book value of US$45 million (£37 million). Savback chairman, Michael Savback, anticipates Speeder’s core attributes, including its incredible manoeuvrability, high-speed and heavy payload capabilities, will be extremely attractive to military customers in the Scandinavian region. Speeders are compact, fast, powerful, and Read more

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Lufthansa Technik awarded contract for VIP cabin completion of an ACJ320neo

Interior of ACJ320neo ©LHT

Lufthansa Technik has received an order from an unnamed private customer for the VIP interior of a brand-new Airbus ACJ320neo. The aircraft is expected to arrive at the company’s cabin completion centre in Hamburg in late summer 2023, where it will receive its new interior by spring 2024. With customized fittings for private travel as well as for charter operations, the aircraft is designed to meet the highest demands. This will also be valid for the VIP jet’s inflight entertainment and communications outfitting that will be based on a latest generation satellite communication system. The design of the cabin, whose Read more

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