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LATEST NEWS
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Friday, January 15th, 2020
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Norwegian Air Shuttle ASA (Norwegian) has announced that the low-cost carrier is ending all long-haul flights. It will now focus on restructuring the airline by concentrating on short-haul domestic routes, flights to other Nordic countries, and key European destinations.
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"Our short-haul network has always been the backbone of Norwegian and will form the basis of a future resilient business model," Jacob Schram, the CEO of Norwegian, said. Approximately 1,000 jobs are likely to go this side of the Atlantic, and a further 1,000 jobs will go on the other side in the U.S., with similar number being shed in Spain, France and Italy. "
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Norwegian’s notable, red-nosed fleet of aircraft will be cut back drastically from 140 aircraft to approximately 50, including the disposal of all its Boeing 787 Dreamliners which had been grounded since March.
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"Future demand remains highly uncertain," the airline said. "Under these circumstances a long-haul operation is not viable for Norwegian, and these operations will not continue." It hopes to cut its debt to about 20 billion Norwegian crowns, (US$2.4 billion), and to raise up to 5 billion crowns (US$591 million), through a mix of new shares and hybrid capital.
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Effective January 1, Patrick Biebel took over the helm of MTU Maintenance Lease Services B.V., a joint venture between MTU Aero Engines and Sumitomo Corporation headquartered in Amsterdam.
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In his role as Managing Director, Biebel follows on from Andrea Lübke and will be responsible for MTU’s leasing business, asset management activities and driving the company forward.
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Prior to this position, Biebel was Vice President Corporate Development and in charge of all of MTU’s mergers and acquisitions and business development activities – ensuring the future growth and success of MTU’s aftermarket division. Biebel joined MTU in 2012 and has assumed various positions with increasing responsibilities within MTU’s commercial MRO, finance and corporate development organizations.
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Delta Air Lines has reported financial results for the December quarter and full year 2020 and provided its outlook for the March quarter 2021. Adjusted pre-tax loss of US$2.1 billion excludes nearly US$1 billion of items directly related to the impact of, and the response to, COVID-19, including charges associated with employee pay and benefit changes, which were offset by the benefit of the CARES Act payroll support program (PSP) grant recognized in the quarter.
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Adjusted operating revenue of US$3.5 billion declined 69% on 62% lower sellable capacity versus the prior year period. Total operating expense, which includes US$930 million of items, decreased US$5.2 billion over prior year period. Adjusted for those items and third-party refinery sales, total operating expense decreased US$4.6 billion or 47% in the December quarter compared to the prior year period, driven by lower capacity- and revenue-related expenses and strong cost management across the business
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During the December quarter cash burn averaged US$12 million per day, marking an approximate 90% reduction in cash burn since late March. At the end of 2020, the company had US$16.7 billion in liquidity, including cash and cash equivalents, short-term investments and undrawn revolving credit facilities
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Full Year 2020 adjusted pre-tax loss of US$9.0 billion excludes a net of US$6.6 billion of items primarily related to the impact of, and the response to, COVID-19. Adjusted operating revenue of US$15.9 billion declined 66% on 61% lower sellable capacity versus the prior year.
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Total operating expense, which includes US$4.3 billion of COVID- related and other items, decreased US$10.8 billion over prior year. Adjusted for those items and third-party refinery sales, total operating expense decreased US$16.0 billion or 40% in 2020 compared to the prior year.
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For 2021 Delta's President Glen Hauenstein sees three distinct phases: "The early part of the year will be characterized by choppy demand recovery and a booking curve that remains compressed, followed by an inflection point, and finally a sustained demand recovery as customer confidence gains momentum, vaccinations become widespread and offices re-open. Eeach phase, Delta has the levers to pull to successfully react to the emerging demand environment, including tightly matching our sellable capacity to expected demand.”
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Precision Aircraft Solutions has been awarded a contract from AerSale® to supply Precision B757-200PCF modification kits for AerSale’s 757-200 aircraft. AerSale recently announced the acquisition of (24) 757-200s, and work has already begun to install Precision’s premier 757-200PCF conversion kit on AerSale’s first aircraft, MSN 29594 which was manufactured in 1999.
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Stated Vice President of Marketing and Sales, Brian McCarthy, "AerSale has been a select 757 cargo conversion facility for Precision since 2013, and is focused on expanding its presence in the narrow-body cargo aircraft arena. As a cargo conversion expert, we are pleased to see their continued preference for our 757-200PCF modification. With nearly 130 completed conversions, the 757-200PCF continues to be a leader in overall performance and operating economics in the highly competitive freighter environment."
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Mesa, the engineering and maintenance company part of the Hi Fly group, has officially opened its new hangar at Beja’s Civil Terminal for maintenance of Airbus aircraft. The facilities cover an area of about 9,500 m² for aircraft maintenance, and includes workshops, warehouse, offices, training facilities and other support premises.
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The new hangar operates around the clock and will serve as a base maintenance unit for Hi Fly’s Airbus fleet, as well as for other airlines which have maintenance contracts with MESA. The Hangar is ready to receive and service Airbus A319, A320, A321, A330, A340 and A350, and has the capacity to perform maintenance works on up to three aircraft at a time.
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Mesa invested €30million in the project, which will create about 150 jobs in its first three years of activity.
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Wizz Air Abu Dhabi recently confirmed Athens as its inaugural destination, with flights from Abu Dhabi International Airport commencing on January 15, followed by flights to Thessaloniki, starting on February 4, 2021.
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Wizz Air Abu Dhabi, a joint venture established between ADQ and Wizz Air Holdings, initially announced a route network that includes Athens, Thessaloniki, Alexandria, Kutaisi, Larnaca, Odesa and Yerevan. Further destinations will be launched over the coming months.
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Farsound released that it has met the requirements of the Aviation Suppliers Association’s Quality System Standard ASA-100 and FAA Advisory Circular 00-56B.
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Recent changes introduced by the CAAC (Chinese Airworthiness Authority) mandate aircraft parts distributors to be approved to quality standard ASA100 if they wish to continue supplying parts into China. Following a successful approval assessment audit, demonstrating compliance to the requirements, Farsound has received its approval certificate to ASA100.
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The ASA Accreditation Program is a 36-month audit program based on the ASA-100 Standard. The standard was created to comply with the FAA Advisory Circular (AC) 00-56, the Voluntary Industry Distributor Accreditation Program. ASA-100 emphasizes issues such as impartiality, competence, and reliability - all specific to the regulated needs of the aerospace industry.
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Deutsche Aircraft, the new purpose-driven German aircraft original equipment manufacturer (OEM), has appointed Nico Neumann to the position of Vice President Operations and Programs, where he is now responsible for team enhancement, production, maintenance and overall quality management of the D328eco™ as part of the Regional Aircraft Program. He is also tasked with oversight of the Final Assembly Line (FAL) construction at Leipzig Halle Airport.
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Neumann began his career at 328 Support Services GmbH (328SSG) in 2007 and has held a range of operational positions within the company. Most recently, he was the Director of Maintenance and Production, during which time he coordinated the site selection in Leipzig with the German government.
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