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LATEST NEWS
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Friday, January 31th, 2020
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The International Air Transport Association (IATA) has jointly announced it will be teaming up with Xpansiv CBL Holding Group (XCHG), a commodity exchange company, to provide a common marketplace called The Aviation Carbon Exchange, for eligible emission units.
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While passenger growth is predicted to grow, airlines are aiming to cap CO2 emissions at 2020 levels through adopting a global carbon offsetting plan. The plan, known as Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), is the first of its kind for a single industry in response to climate change. “We expect airlines from all over the world to participate,” XCHG President and Chief Operating Officer John Melby, who has worked with individual airlines and carbon markets for some time, told Reuters news agency.
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Currently commercial aviation is responsible for 2% of carbon emissions across the world, but airlines are taking proactive measures to reduce their carbon footprint by exchanging conventional jet fuel for biofuels, though these are both costly and currently in short supply. Thus, airlines will be able to offset their carbon emissions by purchasing carbon credits from designated environmental projects around the world, which will be available through the exchange, which enters a pilot phase in the current quarter. It will be powered by XCHG’s CBL Markets with real-time data, and airlines will pay a fee for each transaction.
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CORSIA is expected to provide more than US$40 billion in funding for climate projects and offset 2.6 billion tons of C02 emissions between 2021 and 2035.
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The next generation of pilots will learn to fly at the Qantas Group’s new Pilot Academy in Toowoomba, which was officially opened on January 29.
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The Pilot Academy will have the capacity to train up to 250 pilots each year to build a long-term talent pipeline for Qantas, Jetstar and QantasLink and help the broader industry meet the increasing need for skilled aviators.
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Boeing estimates more than 800,000 more pilots will be required globally over the next 20 years with around one third of them in the Asia Pacific.
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The training facilities comprise a 1500 m² hangar, four flight training simulators, classrooms as well as purpose-built pre-flight briefing and flight scheduling areas. The students are learning to fly in single-engine Diamond DA40 and multi-engine DA42 aircraft.
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The Academy also aims to increase the proportion of female and Aboriginal and Torres Strait Islander pilots in the industry.
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Spirit AeroSystems has reached an agreement with Boeing relating to the 737 MAX production rate. Under the agreement, Spirit will restart production slowly, ramping up deliveries throughout the year to reach a total of 216 MAX shipsets delivered to Boeing in 2020. Spirit does not expect to achieve a production rate of 52 shipsets per month until late 2022. The parties are continuing to negotiate other terms.
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The rate agreement is based on several assumptions including Boeing's expected production rate and the successful return of the 737 MAX to service. As previously disclosed, the 737 MAX contractual agreement is a requirements contract between Boeing and Spirit and the rate may change at any time.
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Louisiana-based Metro Aviation has ordered an additional 12 new EC145e helicopters from Airbus, announced at the Heli Expo trade show in Anaheim, California. This deal brings Metro Aviation’s total number of EC145e helicopters ordered to 43.
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Metro Aviation operates air medical helicopters and airplanes for healthcare providers and is a global leader for multi-mission helicopter customization.
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Metro was the first customer for the EC145e when Airbus Helicopters launched the simplified, lower weight variant in 2015. In 2019, Airbus Helicopters delivered the first EC145e locally produced at its industrial facility in Columbus, Miss. U.S.A., where the remaining EC145e aircraft for Metro will also be produced.
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Singapore Technologies Engineering Ltd (ST Engineering), a global technology, defence and engineering group has released that for the fourth quarter of 2019, its business sectors secured more than SG$1.5 billion of new contracts, bringing the full year 2019 contract value to SG$7 billion. Including the contract for one unit of Polar Security Cutter, the Group’s total announced contract value for 2019 is about SG$8 billion.
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About SG$1.1 billion of new contracts were secured by the Group’s Aerospace sector, across its spectrum of aviation manufacturing and MRO service businesses including nacelle component, floor panel manufacturing, as well as airframe and engine maintenance services. This brings its total contract wins in 2019 to about SG$4.2 billion, compared to SG$2.1 billion the year before.
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New MRO contracts included heavy maintenance service for a line of Boeing 757 for an America airline from the second half of 2020; transition checks for a freight operator’s MD-11s; and landing gear overhaul service for Japanese domestic airline, Solaseed Air’s Boeing 737-800 fleet over a four-year period. The MRO contracts also covered a number of maintenance by-the-Hour (MBHTM) agreements, including the 15-year engine MBHTM program to support Japan Transocean Air’s Boeing 737NG fleet, as announced in November 2019.
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Another SG$449 million were secured by the Electronics sector for products and solutions in smart mobility, satellite communications (satcom), Internet of Things (IoT), cybersecurity, public safety and security, and defence. This brings its total contract wins in 2019 to about SG$2.8 billion, compared to about SG$2.2 billion the year before.
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Certified Aviation Services (CAS), supports JetBlue in its advancement of being the first carbon-neutral U.S. Airline. In its efforts, CAS supplanted four carbon vehicles with electric-powered vehicles, with three more in the pipeline.
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CAS designated a four-seater Global Electric Motorcar (GEM) to solely be utilized by its interior crew when servicing JetBlue’s fleet. The four-seater GEM features an attached hitch for secure transportation of equipment. As climate change continues to expand, the aviation industry’s role in it raises concern.
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CAS is committed to reducing that concern by implementing more electric cars throughout its 19-line stations across America.
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BOC Aviation has closed 2019 with another year of strong performance during which it took delivery of 54 new aircraft including its first Airbus A330neo aircraft and added another 37 delivery positions to its order book, reflecting disciplined investment in popular and in-demand new technology aircraft, building a strong foundation for future growth.
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As part of its active portfolio management strategy, BOC Aviation successfully concluded a portfolio sale of all 17 aircraft with leases attached in 2019, bringing the total fleet size to 523 aircraft as at year end. The fleet has an average age of 3.1 years and long average remaining lease term of 8.4 years.
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BOC Aviation has had a good start into 2020 with the announcement of an order for 20 new Airbus A320neo Family aircraft on January 7, as it focuses on building its balance sheet.
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During the fourth quarter of 2019 BOC Aviation took delivery of 20 aircraft (including six acquired by airline customers on delivery) and 54 in 2019 (including 12 acquired by airline customers on delivery). BOC signed 37 lease commitments in the fourth quarter of 2019, bringing the total for 2019 to 87.
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The company sold six owned aircraft in the fourth quarter of 2019, which brought the total number of owned aircraft sold during the year to 28. Additionally, two managed aircraft were sold in 2019 on behalf of third party investors. Customer base of 93 airlines in 41 countries and regions in the owned and managed portfolios
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Airbus Helicopters added 250 helicopters to HCare Smart and Infinite contracts in 2019, increasing to 2,250 the number of aircraft now covered by a global HCare material management contract. This means 19% of Airbus Helicopters’ worldwide fleet is now covered by HCare.
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New aircraft added at Heli-Expo 2020, all with HCare Smart, were from Papillon (21 H130s) and Heliportugal (9 H125s). Papillon’s entire fleet of H130s will now be covered by HCare. Also at the show, DRF Luftrettung signed an eight-year extension of HCare Smart for its entire fleet of nearly 60 helicopters.
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Other customers added in 2019 include PHI Health (H125s), Boston Med Flight (HCare Smart), Superior Helicopters (HCare Infinite), and STARS air ambulance (HCare Smart), among others. In North America alone, 78 helicopters joined HCare last year. And of the 58 H225s repurposed in 2019, more than 75% of those already in operation are covered by HCare.
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Boeing will retire the Aviall brand name. Parts, equipment and supply chain solutions previously sold by Aviall will be offered directly by Boeing through its portfolio of aerospace aftermarket supply chain service offerings. The change is part of the company’s plan to integrate and align its businesses under the Boeing brand and systems.
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Aviall and its predecessor companies have provided aftermarket parts, equipment and services for the aviation industry since 1932. The company was acquired by Boeing in 2006 and has operated as part of Boeing’s supply chain capability since 2017.
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Maxcraft Avionics has achieved the first FAA STC authorizing the Garmin GTN725H or GTN750H navigator to be installed in a series of Airbus Helicopter Dauphin models including SA-365N, SA-365N1, AS-365N2 and AS-365N3. The system is fully approved to conduct LPV and LNAV/VNAV coupled approaches. This new FAA STC # SR04413NY follows Maxcraft’s initial Canadian TCCA STC # SH19-9.
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In addition, Maxcraft has received FAA STC approval for installation of the Garmin GTX-345R or GTX-335R ADS-B Transponder along with Garmin’s GTS-825 TAS or GTS-855 TCAS into the same series of Airbus Dauphin helicopters. This new FAA STC # SR04414NY follows Maxcraft’s initial Canadian TCCA STC # SH19-10
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To complete the package, Maxcraft also received FAA STC approval to install the Latitude SkyNode S200 Satellite Communication and Tracking System providing a complete safety enhancement package for the renowned Dauphin Helicopter. This new FAA STC # SR04412NY follows Maxcraft’s initial Canadian TCCA STC # SH19-8.
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UPCOMING EVENTS
March 24 - 26, 2020 - London, UK
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