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LATEST NEWS
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Tuesday, January 5th, 2021
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Bombardier, the Canadian plane and train maker has announced it has completed the acquisition of all issued and outstanding shares that it did not currently own from Lufthansa Technik AG and ExecuJet Aviation Group AG, for Berlin Service Centre.
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The company can now establish a wholly owned service center in Berlin which will enable it to expand its global customer support footprint. “We welcome the highly talented employees of the Berlin Service Centre to the Bombardier service network,” said Chris Debergh, Vice President, OEM Parts and Services, Bombardier. “We value their expertise and customer focus – as part of the Bombardier team, they will continue to provide best-in-class aircraft maintenance services to our valued operators of Bombardier business aircraft.”
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The center is strategically located at Berlin Brandenburg Airport, the service centre has been providing exceptional MRO services to Bombardier business aircraft customers since 1997. With more than 160,000 sq. ft. (15,000 sq. metres) of service capacity and 240 highly skilled employees on site, the service centre provides customers with the highest-level maintenance and support for Bombardier’s growing fleet of Learjet, Challenger and Global business jets based in Europe, Russia, Africa and the Middle East. Berlin Service Centre was the first in Europe to perform maintenance on Bombardier’s flagship Global 7500 aircraft. The state-of-the-art service centre has recently been modernized and has also transformed its shop floor to maximize efficiencies and streamline processes.
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Colorful Guizhou Airlines has taken delivery of a new A320neo (MSN10037), marking the first neo from GECAS’ orderbook to enter service having been assembled at the Airbus Tianjin facility. Completing the commitment announced at the 2019 Paris Air Show, this aircraft is the fourth CFM LEAP-powered narrow-body on lease from GECAS to enter the Colorful Guizhou Airlines fleet.
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While this delivery is the first from the lessor’s own orderbook and first to enter service with a Chinese operator, GECAS has an impressive history working with the Airbus Tianjin Facility. It also took delivery of the first-ever A320neo assembled at the Chinese Facility through a purchase-leaseback arrangement for aircraft operated by AirAsia.
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International Airlines Group (IAG) announces that British Airways has received commitments for a five-year term-loan Export Development Guarantee Facility of £2.0 billion underwritten by a syndicate of banks, partially guaranteed by U.K. Export Finance (UKEF). British Airways expects to drawdown the facility in January 2021 subject to agreement of final terms with the lenders and UKEF.
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UKEF is the U.K.’s export credit agency and provides the Export Development Guarantee to support the working capital and capital expenditure needs of U.K. exporters that meet certain criteria.
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British Airways is entitled to repay the loan at any time on notice. The arrangement contains some non-financial covenants, including restrictions on dividend payments by the airline to IAG.
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The proceeds from the UKEF facility will be used to enhance liquidity and provide British Airways with the operational and strategic flexibility to take advantage of a partial recovery in demand for air travel in 2021 as COVID-19 vaccines are distributed worldwide.
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IAG continues to have strong liquidity with cash and undrawn facilities of €8.0 billion as of November 30, 2020, excluding the UKEF facility.
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In addition to the UKEF facility, the Group is exploring other debt initiatives to improve further its liquidity and will update the market in due course.
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Engine Lease Finance Corporation and Bamboo Airways have completed their first LEAP-1A spare engine sale and leaseback transaction.
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Following this new delivery from CFM, Olaf Knuth (ELF VP Sales & Marketing) commented “we are delighted to close this transaction with Bamboo Airways and proud to welcome another new customer”.
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Recaro Aircraft Seating (Recaro) has revealed a luxury seat for Emirates’ first premium economy cabin. The customized seat design was a result of a collaboration between Recaro and Emirates, which began in April 2019 at a seat show held in parallel to the Aircraft Interiors Expo.
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The ergonomic shape of the seat (PL3530) finds its roots in the premier automotive seat design that Recaro has been perfecting over the past 115 years and sets trim and finish-wise a new standard in premium economy representing the best of “Made in Germany.” The fusion of ingenious engineering and the luxury expected when flying Emirates has set new standards for the premium economy class experience.
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For Emirates, the PL3530 design team prioritized state-of-the-art features like the ones found in upscale German cars and combined it with the spirit of Dubai. The seat features a bronze trim, a distinct finish, and a cream colored leather dress cover, complete with a one-of-a-kind stitching. First deliveries of the seats began in Q4 2020, and at least 250 shipsets will ultimately be installed on Emirates’ fleet.
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Israel Aerospace Industries' (IAI) Aviation Group has won three avionic upgrade contracts worth approximately US$50 million in South Korea, in 2020. The win includes three different aircraft types used by the Korean Air Force.
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The avionic upgrade process includes converting a used aircraft and retrofitting it with all or part of the avionic systems with new and advanced systems. The result is an aircraft with advanced performance, capable of meeting the challenges of modern military or civilian aviation.
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The new integrated air management system developed and manufactured by Liebherr-Aerospace entered into service with ASL Airlines Ireland – on behalf of FedEx – on December 15th, 2020, during the first commercial flight of ATR’s 42/72 aircraft family. The newly enhanced system improves on-board comfort for passengers and crew while at the same time substantially reducing operational costs.
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Liebherr-Aerospace will also be responsible for product support of ATR’s fleet under the ATR Global Maintenance Agreement (GMA). The two companies signed a 10-year commitment and Liebherr-Aerospace will be the exclusive product support provider for the new air management system worldwide. The agreement will be carried out by Liebherr-Aerospace’s service stations in Toulouse (France), center of excellence for air management systems, Singapore and Saline, Michigan (USA).
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Developments are well under way to provide ATR with cutting edge technology that includes predictive maintenance services. The goal is to reduce aircraft downtime, optimize spare parts inventory and increase reliability - all while reducing costs.
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Vice President Sales & Business Development
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