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LATEST NEWS
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Tuesday, May 28th, 2019
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Boeing has confirmed that once it takes an 80% stake in Brazil’s Embraer SA’s commercial jet division, the name Embraer is to be dropped completely and the company will be called Boeing Brasil – Commercial. This will see one of Brazil’s most iconic company names disappear from commercial jet manufacturing, despite Embraer retaining a 20% stake in the most profitable arm of the current company. However, the name will still exist as Embraer will still continue to manufacture military and executive jets from the two wholly owned divisions that are excluded from the Boeing joint venture. Additionally, nothing has yet been decided with regard to a potential rebranding of the up to 150-seat jets that will be jointly manufactured.
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Boeing’s move mirrors Airbus SE taking a major stake in and subsequently rebranding of
the Bombardier Inc CSeries, now known as the Airbus A220. The Boeing move will see it strengthen its share of the duopoly created in the aerospace industry for the US$150 billion jet market between the French and American planemaking giants. The moves by Airbus and Boeing further strengthen their grip on the small-to-medium-size jet market through the acquisition of weaker competitors,
leaving the threat to come from Russia’s Sukhoy SSJ100 and Japan’ Mitsubishi MRJ who are both making slow progress, and the largest potential competitor, China’s COMAC.
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While the deal with Boeing has received Embraer shareholder approval, regulatory approval
is still awaited.
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Lufthansa Aviation Training Austria is expanding its training facility in Vienna in the field of pilot training, creating space for additional modern training devices used in the training of pilots. Lufthansa Aviation Training (LAT) gave the go-ahead at the beginning of the year for the expansion of the training site of Lufthansa Aviation
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Training Austria in Vienna, involving investments in the double-digit million euro range. The simulator center in operation since 2006 is home to four full flight simulators (FFS) and two flat panel trainers (FPT) at present. The facility has attracted a large clientele in the field of pilot training due to the extensive demand for pilots. The cockpit crews of more than 20 airlines regularly undergo training in Vienna.
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The French Minister of the Armed Forces, Florence Parly, has announced that the launch of the Joint Light Helicopter (Hélicoptère Interarmées Léger; HIL) programme has been brought forward to 2021. The HIL programme, for which the Airbus Helicopters’ H160 was selected in 2017, was initially scheduled for launch in 2022 by the current military budget law. Launching the programme
earlier will enable delivery of the first H160Ms to the French Armed Forces to be advanced to 2026.
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During a visit to the Airbus Helicopters headquarters, the Minister also revealed the full-scale mock‑up of the H160M that will be presented on the Ministry of the Armed Forces stand at the next
Paris Air Show. The helicopter was also given its official name and will be designated as “Guépard” (“Cheetah”) by the French Armed Forces.
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The H160 was designed to be a modular helicopter, enabling its military version, with a single platform, to perform missions ranging from commando infiltration to air intercept, fire support, and
anti-ship warfare in order to meet the needs of the army, the navy and the air force through the HIL programme.
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Safran intents to implement a €2.3 billion ordinary share buyback program to run over the two years following completion of the tender offer for Zodiac Aerospace shares. To date, Safran already contributed 14.5 million shares to its program for a total of €1.6 billion euros.
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On May 27, Safran has entered into an agreement with an investment service provider for a follow-on repurchase tranche. According to this agreement, Safran will acquire up to €150 million worth of ordinary shares no later than June 28, 2019. The average price per share will be determined based on the mean volume-weighted market price observed during the entire duration of the agreement. The unit price may not exceed the maximum of €155 per share set by the May 23, 2019 shareholders' meeting.
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Swiss-AS and Petroleum Air Services have signed agreements regarding the purchase and implementation of AMOS.
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PAS was searching the market for a fully integrated turnkey solution that provides the option to adapt to new requirements without changes to the source code and reached the conclusion that AMOS provided the best-fit solution for their requirements.
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AMOS will be implemented without any customer specific changes and PAS can rely on a proven software that reflects industry-best-practices and allows managing both their aircraft and helicopters within one single system. When selecting AMOS customers also obtain a comprehensive maintenance agreement that guarantees two major releases per year. This assurance proved to be one key factor in convincing PAS that AMOS was indeed the future-proof solution they were looking for.
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Air New Zealand has decided to invest in new fuel-efficient aircraft with the purchase of eight Boeing 787-10 Dreamliner aircraft powered by GE Aviation’s GEnx-1B engines.
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At today's list prices, the agreement represents a value of US $2.7 billion. As is usual with such orders, Air New Zealand has negotiated a significant discount on current list prices and the parties have agreed not to disclose the actual purchase price.
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The first of these highly fuel-efficient aircraft will join the Air New Zealand fleet in 2022 and together they will have the potential to save 190,000 tonnes of carbon per year.
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Air New Zealand currently operates a fleet of 13 787-9 Dreamliners which Chief Executive Christopher Luxon says have proved to be the perfect aircraft for the airline's Pacific Rim focus.
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Kate Vetch has been appointed as the new Regional Head of Compliance for Macquarie Group in Europe, the Middle East and Africa (EMEA), subject to regulatory approvals. This will take effect from early September 2019.
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Vetch will join Macquarie as an Executive Director and will sit on the EMEA Management Committee alongside Paul Plewman, the EMEA region’s new Chief Executive Officer.
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A qualified accountant by background, Ms Vetch has spent 17 years working in Compliance, starting her career at JP Morgan in Australia and spending time at Citigroup and Bank of America Merrill Lynch. Vetch is currently Global Head of Markets Compliance and Operational Risk Control at UBS.
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Following this appointment, Richard Brearley, currently Regional Head of Compliance, EMEA will move into the Chief Executive’s office to focus on regulatory projects on behalf of Macquarie in EMEA.
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S7 Technics’ Mineralnye Vody-based aircraft painting centre has completed its first work on an Embraer aircraft.
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Air Astana dispatched one of its Embraer E190s to Mineralnye Vody for a planned refreshing of its paint under a long-term contract with S7 Technics. The aircraft is the fifth in Air Astana’s fleet to have been painted by S7 Technics.
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To work on its first ever Embraer E190, S7 Technics’ painting centre made extensive preparations, which included pre-ordering all painting materials, sealers and removers. “For us, any order is individual and there are certain peculiarities in painting an Embraer aircraft. For instance, after completing the painting work it is necessary to apply a polyurethane coat on the wing and stabilizers to protect the paint during operations. There are many such details, and our team was
always in contact with Air Astana, to cater for all details of the technological process and complete everything on time,” says Denis Sarbin, S7 Technics’ sales manager.
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The ongoing cooperation in terms of aircraft painting between the Kazakh carrier and Russia’s leading MRO services provider started in the spring of 2016. Since then, besides the E190, S7 Technics’ painting team has redelivered a Boeing 757-200, an Airbus A320 and two Airbus A321s to Air Astana. By the end of 2019 the Mineralnye Vody shop will have painted several other aircraft for the airline.
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Fraport has increased its stake in Lima Airport Partners S.R.L. (LAP) – operator consortium of Jorge Chavez International Airport Lima - to 80%. Fraport took over 10% from AC Capitales’ Infrastructure Fund, which held the stake for over 10 years.
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The acquisition raises Fraport’s majority ownership in LAP from 70.01% to 80.01%. The share deal strengthens Fraport’s position as LAP’s main shareholder and airport operator during an important expansion and growth phase for Lima Airport (LIM). The planned expansion program comprises a second runway, a new passenger terminal, as well as related facilities and infrastructure.
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LAP’s concession to operate and manage Lima Airport began in 2001, when Lima Airport served about 4.1 million passengers. In 2018, Lima Airport welcomed 22.1 million passengers, up 7.3% year-on-year. Serving as a popular hub in South America, Lima Airport has been honored as the “Skytrax Best Airport in South America” a total of nine times (including for 2019).
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BOC Aviation has placed four Boeing 737-800 NG aircraft with Vistara. The aircraft include two from the managed fleet - and two Airbus A320neo aircraft with Indian carrier Vistara.
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All Boeing 737-800 NG aircraft are scheduled for delivery in May 2019. The two Airbus A320neo aircraft will be delivered in the second half of 2019 and will be powered by CFM Leap 1A engines.
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TATA SIA Airlines, known by the brand name Vistara, is a joint venture between Tata Sons Limited and Singapore Airlines Limited (SIA) with Tata Sons holding the majority stake of 51% in the company and SIA holding the remaining 49%.
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