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The EU commission has issued a statement approving the merger of Dublin, Ireland-based CityJet DAC and Valencia, Spain-based Air Nostrum: “The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture between Fortress Investment Group, of the U.S., and Air Investment Valencia, of Spain. It will combine the activities of CityJet of Ireland and of Air Nostrum of Spain.”
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The merger was first announced on July 17 when the two companies signed a Heads of Terms for the creation of a new holding company and the formation of what will become the largest pan-European airline group. CityJet operates a fleet of 44 regional jets on a network of wet lease and scheduled services across Europe. CityJet employs over 1,200 staff with crew bases in Amsterdam, Brussels, Copenhagen, Dublin, Helsinki, Paris, Stockholm, Tallinn and Vilnius. It has wet lease contracts with Air France, Brussels Airlines and SAS with a fleet of over 40 aircraft, operating over 80,000 flights in the last year and carrying over 4.7m passengers.
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Air Nostrum manages a fleet of 50 aircraft combining regional jets of the Bombardier CRJ family and ATR72 turboprops under dry lease, wet lease, charter and scheduled services. Air Nostrum workforce is comprised of 1,450 people including its own MRO and ATO. It operates to over 60 airports in more than 15 European and African Countries, exceeding 90,000 flights per year. The consolidated annual gross revenue of Air Nostrum and CityJet would be in the region of €700m (US$777m), derived from a portfolio of wet lease and franchise contracts throughout Europe.
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With the successful arrival of Flight 9D5671 in Ulanhot, Mongolia, Genghis Khan Airlines' successfully launched its first flight on a COMAC ARJ21, powered by CF34-10A engine.
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As the second operator of CF34-10A-powered ARJ21 aircraft and the first airline with a 100% China-made jet fleet, Genghis Khan Airlines has received two ARJ21 aircraft and plans to have a fleet of 25 aircraft in five years.
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"Today is a milestone for Genghis Khan Airlines. We thank our partners for being so supportive to make it happen," says Yutao Hao, Chairman of Genghis Khan Airlines. "Genghis Khan Airlines shoulders the mission of exploring the industrialized development of China-made jet airliners. It is believed that the outstanding performance of the CF34-10A engine combined with GE Aviation's leading technology, deep experience and comprehensive support will play an outstanding role in
fulfilling this mission."
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David Brigante has been nominated SVP Programs and Customer Services of ATR, starting August 1st 2019. He will be reporting to CEO, Stefano Bortoli.
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Brigante will be succeeding Tom Anderson, who will leave ATR at the end of July 2019. After several years within the ATR team, in different and significant roles, Tom Anderson has decided to take a new direction in his professional career.
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David Brigante, who joined ATR in 2015 from Leonardo, brings a strong aeronautical experience and a deep understanding of ATR today, as well as of what is needed for the future. David
will continue his current role as SVP Procurement and Supply Chain ad interim until a successor is appointed.
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Simultaneously, in order to optimise customer attention and satisfaction, with a growing fleet of ATR aircraft worldwide, Operations becomes an independent new function reporting directly to the CEO under the management of Raphael Dubus who will also become a member of the Executive Committee, effective September 1st 2019. This was previously integrated as a department in the Programs and Customer Services directorate.
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For the first quarter of FY2019-20, SIAEC Group posted a revenue of SG$258.1 million, comparable year-on-year. Revenue from the airframe and line maintenance segment was SG$2.3 million higher. This was partially offset by a SG$1.9 million decrease in revenue from the engine and component segment. Expenditure at SG$240.4 million was lower by SG$7.1 million or 2.9%, mainly due to a reduction in material costs.
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As a result, operating profit increased SG$7.5 million or 73.5% to SG$17.7 million. Share of profits of associated and joint venture companies was SG$26.0 million, SG$6.4 million or 19.8% lower year-on-year, with the engine and component segment turning in a profit of SG$26.7 million and the airframe and line maintenance segment incurring a loss of SG$0.7 million.
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Contributions from the engine and component segment decreased SG$6.1 million, mainly due to higher expenses incurred by an engine centre as it gears up for new engine capabilities, while contributions from the airframe and line maintenance segment decreased by SG$0.3 million. Profit attributable to owners of the parent was SG$41.6 million for the quarter ended 30 June 2019, an increase of SG$1.1 million or 2.7%.
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Star Alliance and NEC Corporation, a global leader in IT, network and biometric technologies, have signed a partnership agreement to develop a biometric data-based identification platform that will significantly improve the travel experience for frequent flyer program customers of Star Alliance member airlines.
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The interoperable platform advances the Star Alliance and NEC strategic vision of delivering a seamless customer journey, while strengthening the loyalty value proposition within the travel ecosystem.
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Once implemented, Star Alliance customers who opt-in to biometrics will have a seamless and handsfree passenger experience, allowing them to pass through curb-to-gate touchpoints within airports, such as check-in kiosks, bag-drop, lounges, and boarding gates, which traditionally require both a passport and boarding pass, by using a secure identity management solution featuring facial recognition technology.
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Moreover, the platform will help airports and the Star Alliance member airlines to increase operational efficiency.
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The service will be available to customers who are enrolled in one of the Star Alliance frequent flyer programs and who have authorized the use of their biometric data.
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With strong support from the United States Air Force, July 25, 2019, marked a big step forward to modernize the Egyptian Air Force’s F-16 Falcon fleet for combat operations.
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Senior leaders from the United States Air Force, EAF, GE Aviation, StandardAero, DLA-Aviation and Foreign Military Sales attended a ceremony at StandardAero’s facility in San Antonio to celebrate the first GE F110-100 engine overhaul induction under the Pacer Pharaoh Program. The ceremony recognized the collaborative effort led by the USAF to upgrade the EAF’s F-16 fleet.
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In May, Defense Logistics Agency (DLA) Aviation and the USAF awarded a Pacer Pharaoh Program support contract to GE Aviation valued at more than US$79 million for Engine Structural Integrity Program (ENSIP) repair and Service Life Extension Program (SLEP) upgrade of F110-100A and B engines to the F110-100C.
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The F110-100C SLEP upgrades critical components, including the combustor, high pressure turbine, compressor and augmentor. These enhancements combine to extend the service life of the engine, reduce operating cost, increase reliability and improve safety. The program is designed to provide a significant time-on-wing increase, 25% improvement in cost per flight hour, and a 50% extension in engine phase inspections.
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American Airlines Group has reported its second quarter 2019 results. American has reported a second quarter 2019 pre-tax profit of US$882 million and net profit of US$662 million. Excluding net special items, pre-tax profit and net profit rose more than 5% to US$1.1 billion and US$810 million, respectively.
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Second quarter earnings were US$1.49 per diluted share. Excluding net special items, earnings per share grew 10% year over year to US$1.82 per diluted share.
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American reported record second quarter revenue of US$12 billion and reported record second quarter total revenue per available seat mile (TRASM) — the 11th consecutive quarter of TRASM growth.
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Passenger demand drove a 2.7% year-over-year increase in second quarter 2019 total revenue to $12 billion, a record for the quarter. Driven by a record second quarter total passenger load factor of 86.6%, passenger revenue per available seat mile (PRASM) grew 4% to a record 15.22 cents.
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The Airports Authority of India (AAI) has signed a contract to implement Aireon’s air traffic surveillance service in Mumbai, Chennai and Kolkata’s oceanic airspaces. These regions are located in the Arabian Sea, Bay of Bengal and Indian Ocean and represent over six million square kilometers. The goal is to deploy space-based Automatic Dependent Surveillance-Broadcast (ADS-B) by the end of 2019.
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This landmark agreement will immediately provide AAI coverage of all ADS-B OUT 1090 MHz equipped oceanic air traffic, ensuring one of the densest oceanic airspaces in the world has access to the best tools to enhance safety and efficiency and accommodate unprecedented double-digit growth, year over year. Beyond those benefits, real-time air traffic surveillance over the busy routes between South East Asia, India, the Middle East and Europe and beyond will significantly increase efficiency and improve transitions between oceanic and domestic airspace.
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India has become the third largest aviation market in the world with a rate of sustained double-digit
growth for the last 50 months. Forecasts suggest that the growth will continue, and Indian airspace is going to experience an imminent need for additional capacity.
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