|
|
|
|
|
|
|
|
|
|
LATEST NEWS
|
|
Thursday, February 25th, 2021
|
|
|
|
|
|
|
Lufthansa Technik has reorganized its global Corporate Sales management team at the beginning of the year. Kai-Stefan Roepke has taken over responsibility for EMEA (Europe, Middle East and Africa) and Thomas Boettger for the Asia Pacific region. Frank Berweger remains Vice President Corporate Sales for the Americas.
|
In December 2020, Roepke started his new job as Vice President Corporate Sales EMEA (Europe, Middle East, Africa). He succeeded Robert Gaag, who retired last year. Roepke began his career at Lufthansa Technik in 1996 and has held several positions within the company since then. In his previous role, he was Vice President of Commercials, VIP & Special Mission Aircraft Services in Hamburg since May 2017.
|
Boettger has taken over his new position as Vice President Corporate Sales Asia Pacific in January 2021. Since 2001, he has worked in different positions within the Component and Engine department at Lufthansa Technik. Previously, Boettger was CEO of XEOS in Wroclaw, Poland, a joint venture subsidiary of GE and Lufthansa Technik, since 2016.
|
|
|
|
|
|
|
|
Delta Air Lines and LATAM have received final approval, without conditions, of their commercial agreement (trans-American Joint Venture Agreement or JVA) by the Brazilian competition authority - the Administrative Council for Economic Defense (CADE) - after initial approval was granted in September 2020.
|
The JVA seeks to enhance the route networks served by both airlines, delivering a seamless travel experience between North and South America. The Delta-LATAM agreement has also been approved in Uruguay while the application process continues in other countries, including Chile.
|
“This ruling reinforces the benefits of this type of agreement for travelers and enables us to advance in our commitment to delivering greater and better connectivity between South America and the world,” said LATAM Airlines Group CEO Roberto Alvo.
|
|
|
|
|
|
Chapman Freeborn has appointed Allen Liu as Cargo Director, North Asia. With 15 years’ experience in aviation, Liu begun his career in 2006, gaining industry knowledge at several air cargo businesses before taking on a senior role as Cargo Manager China at Chapman Freeborn in 2013.
|
After five years generating and developing business in the Chinese market for Chapman Freeborn, Liu joined Air Bridge Cargo in 2018. However, the success of his time at Chapman Freeborn pulled him back, and he has now re-joined the company. His role is to develop the North Asian market, working to expand Chapman Freeborn’s presence in Japan and Korea, as well as in Hong Kong and China.
|
|
|
|
|
|
|
|
Express service provider DHL Express and SmartLynx Malta have signed a new partnership agreement for the introduction of two newly converted Airbus A321-200 freighters joining DHL’s European air fleet. The new technically advanced narrow-body fleet type is adding capacity to meet the increasing demand for express cargo transportation worldwide combined with further improving DHL’s unit CO² emissions by introducing the most fuel efficient narrow-body aircraft in its class.
|
SmartLynx is a family member of Avia Solutions Group, one of the largest aerospace business groups from Central and Eastern Europe, and has extensive experience operating the A321 family of aircraft. This agreement sets a new hallmark as SmartLynx’s Malta subsidiary enters into the freighter market.
|
Smartlynx Malta is planning to add two additional A321Fs during 2021 and up to four units during 2022, with a business target of becoming one of the largest narrow-body cargo freight carriers within the next three years.
|
|
|
|
|
|
Atlas Air Worldwide Holdings has signed an agreement with GE Aviation to purchase GEnx-2B engines for its four Boeing 747-8 Freighters along with a 20-year TrueChoice Overhaul agreement, which covers the time and material required to overhaul the GEnx-2B engines. The agreements are valued at more than US$800 million list price over the life of the service agreement.
|
“The 747-8F powered with GEnx engines gives us the best and most versatile widebody freighter in the market,” said John W. Dietrich, Atlas Air Worldwide President and Chief Executive Officer. “Our partnership with GE Aviation supports our longstanding focus on leading edge technology. We look forward to continuing to provide world-class service to our customers.”
|
Customers have ordered more than 2,500 GEnx engines, making it the fastest selling high-thrust engine in GE’s history. With the most advanced technologies and materials, the GEnx has the highest reliability and utilization, lowest fuel burn and longest range capable of any engine in its thrust class.
|
|
|
|
|
|
|
|
The International Air Transport Association (IATA) has released new analysis showing that the airline industry is expected to remain cash negative throughout 2021. Previous analysis (November 2020) indicated that airlines would turn cash positive in the fourth quarter of 2021. At the industry level, airlines are now not expected to be cash positive until 2022.
|
Estimates for cash burn in 2021 have ballooned to the US$75 billion to US$95 billion range from a previously anticipated US$48 billion.
|
After a weak start in 2021, it is already clear that the first half of 2021 will be worse than earlier anticipated. This is because governments have tightened travel restrictions in response to new COVID-19 variants. Forward bookings for summer (July-August) are currently 78% below levels in February 2019 (comparisons to 2020 are distorted owing to COVID-19 impacts).
|
From this lower starting point for the year, an optimistic scenario would see travel restrictions gradually lifted once the vulnerable populations in developed economies have been vaccinated, but only in time to facilitate tepid demand over the peak summer travel season in the northern hemisphere. In this case 2021 demand would be 38% of 2019 levels. Airlines would burn through US$75 billion of cash over the year. But cash burn of US$7 billion in the fourth quarter would be significantly improved from an anticipated US$33 billion cash burn in the first quarter.
|
A pessimistic scenario would see airlines burn through US$95 billion over the year. There would be an improving trend from a US$33 billion cash burn in the first quarter reducing to US$16 billion in the fourth quarter. The driver of this scenario would be governments retaining significant travel restrictions through the peak northern summer travel season. In this case, 2021 demand would only be 33% of 2019 levels.
|
“With governments having tightening border restrictions, 2021 is shaping up to be a much tougher year than previously expected. Our best-case scenario sees airlines burning through US$75 billion in cash this year. And it could be as bad as US$95 billion. More emergency relief from governments will be needed. A functioning airline industry can eventually energize the economic recovery from COVID-19. But that won’t happen if there are massive failures before the crisis ends. If governments are unable to open their borders, we will need them to open their wallets with financial relief to keep airlines viable,” said Alexandre de Juniac, IATA’s Director General and CEO.
|
|
|
|
|
|
|
|
Collins Aerospace, a unit of Raytheon Technologies, has received a ten-year, US$34 million contract from the DLA to provide gearbox repair materiel for the USAF F-16 and B-2 fleets. Under the Supplier Initiated Ordering program, a new Department of Defense practice, the DLA has provided Collins Aerospace access and insight to its materiel demand profile. In turn, the company will use its proprietary demand profiling process, world-class supply chain management and manufacturing resources to drive an optimized materiel support plan. Collins Aerospace aims to maintain a guaranteed level of materiel availability to Hill Air Force Base at all times, rotate all inventory regularly to reduce the DLA’s carrying costs throughout the period of performance and double inventory turns.
|
“This performance-based support approach represents a new level of collaboration between Collins Aerospace, the USAF and the DLA,” said Aaron Maue, executive director, Defense Sustainment for Collins Aerospace. “By working together, we devised a solution that significantly enhances MRO efficiency, while improving fleet readiness. It’s the first win under our Beyond Break Fix program, a company-wide wide sustainment and support initiative that focuses on materiel availability instead of transactional parts, thereby enabling us to better support the warfighter by increasing aircraft readiness rates.”
|
|
|
|
|
|
ACIA Aero Leasing (ACIA) has completed the transition of two aircraft to Air Express Algeria. The deliveries include one Beechcraft B1900D (UE-379) and one LET 410 (MSN 3001). The deliveries took place in February 2021. These aircraft are part of a three aircraft transaction with the third aircraft, a further Beechcraft B1900D, scheduled to deliver in March 2021.
|
|
This transaction will bring ACIA's total portfolio of aircraft operating in Algeria to nine.
|
|
|
|
|
|
|
|
|
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
|
|
AIRCRAFT & ENGINE MARKETPLACE
|
click here to view in PDF aircraft and engines available for sale and lease
|
|
|
|
|
|
|
|
|
|
Interested in advertising with AviTrader?
|
|
Vice President Sales & Business Development
|
|
|
|
|
