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LATEST NEWS
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Tuesday, October 15th, 2019
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Condor Flugdienst GmbH (Condor) the German leisure airline and subsidiary of the now defunct Thomas Cook Group, has received approval from the European Commission for a loan from the German government of €380 million (US$418 million) to guarantee the smooth continuation of operations while it looks to shore up its future and battle against a liquidity shortage after the demise of its parent company.
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The loan received approval as it is not seen as tantamount to distorting competition in the single market and will be used to write off major claims against other Thomas Cook Group companies which it will no longer be able to collect. According to Condor’s provisional administrator, Lucas Flöther: “Condor has the necessary liquidity to bridge the winter season and continue business operations in full. The Condor management will now work out a restructuring plan in order to use the shielding procedure to align and set up Condor for a future without Thomas Cook. This plan is then to be adopted in the proceedings opened, which are expected to begin in December.”
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Under the EU Commission’s guidelines in relation to rescuing an ailing business, aid can be granted for a maximum of six months, allowing sufficient time for an alternative source of funds to be found or, if Condor fails to repay the loan within the six-month period, it must show that a viable financial restructuring for the long-term benefit of the company exists and can be put to the Commission for assessment and approval.
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Rolls-Royce and Volo Aero MRO have signed a ten-year agreement covering the support of T56 single engine piece part maintenance repair and overhaul services.
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With over 18,000 engines manufactured since 1953 and more than 230 million flight hours accumulated, the T56/501 engine continues to be the leader of large turboprop engines for both military and commercial use. They are maintained by the Rolls-Royce authorized MRO Support Network, providing affordable, reliable support solutions. The AMC Network includes 9 approved, licensed maintenance centres around the globe.
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Volo Aero MRO is an FAA and EASA certified MRO based in Massachusetts , offering in excess of 50 individual repairs for the T56 engine and continues to develop additional repairs for the Authorized Maintenance Centre (AMC) and the Authorized Military Overhaul Facilities (AMOF) network to meet its requirements.
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Barfield, a subsidiary of Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) in the Americas, has signed an agreement allowing Falgayras to become Barfield authorized repair center in Europe. The agreement covers the repair and calibration of several GSTE products including Air Data/Pitot Static, and Turbine Temperature.
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The first agreement with Falgayras allowed Barfield to become the distributor of the French-based manufacturer in June 2018. Falgayras supplies and manufactures aircraft on-board equipment such as flight control and navigational equipment, electronic and motor control equipment.
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TP Aerospace, a leading aftermarket supplier of wheels and brakes to the aviation industry, is to implement software from Ideagen as it expands its global quality management operations.
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The Copenhagen-based organisation will adopt Ideagen’s Q-Pulse quality management software as the company rolls out its growth plan – ‘Green Sunrise’ - a project that aims at moving closer to customers, amongst others, through more locations around the world.
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With more locations being added to its already wide-spread network of MRO facilities and sales and support offices, TP Aerospace is not only expanding its operations into new countries and growing its global workforce, the company is also continuously looking for ways to optimise and develop its current procedures to support its growth.
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Ideagen’s Q-Pulse system will provide TP Aerospace with a “single source of the truth” in regards to operational quality management, providing a crucial system for auditing, training, reporting and document management during and beyond its ambitious global growth project.
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C&L Aerospace has purchased the Beechjet 400 rotable parts program from Global Parts. As part of the transaction, C&L has acquired Global’s entire Beechjet rotable inventory. All parts from the program are now stocked in C&L’s Bangor, ME warehouse.
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Parts from this purchase will bolster existing inventory and be used to support C&L’s robust Beechjet support programs. Highlights from the inventory include Pitch Trim Actuators, brakes, power supplies, and more.
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This inventory is inspected and has gone through a cataloging process which includes photographing and barcoding the parts and corresponding documentation making purchases faster, easier and more transparent for the customer.
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SkyUp Airlines has selected the Series 3 Ultra seat from Acro Aircraft Seating for eight of its aircraft, comprising of six B737-800 and two B737-700 aircraft.
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SkyUp Airlines, the Ukranian charter and low-cost airline which began its flight programme in 2018, is the latest airline to join Acro’s expanding roster of customers. Acro’s Series 3 Ultra seat will now feature on SkyUp’s flights from Kiev, Ukraine to Tbilisi, Batumi, Erevan, Larnaca, Barcelona, Naples, Turin, Alicante, Paris, Nice, Sharjah, Praha, Tel-Aviv, Lviv and Kharkiv. Additional routes are scheduled for later in 2019, connecting Ukraine with Georgia, Cyprus, Italy, Spain, France, Israel, Armenia, Czech Republic and United Arab Emirates by direct flights.
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SkyUp’s Series 3 Ultra seat offers exceptional comfort levels and features bespoke grey synthetic leather seat covers with SkyUp’s signature orange coloured stitching.
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Lufthansa Technik has further increased its market presence for connectivity modifications in Asia, the world's most rapidly developing market for inflight internet solutions. As the most recent customer for these services, Lufthansa Technik welcomed Chinese service provider Air Esurfing Information Technology, which it will help in providing aircraft with the first ever inflight connectivity solution for the Chinese market. Further contract partners include Honeywell (antenna hardware provider) and China Satcom (satellite provider).
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According to a new 5-year agreement, Lufthansa Technik will design and certify Ka-band-based connectivity retrofit packages for both the Airbus A320ceo and A320neo aircraft families as well as the Boeing 737NG and 737MAX. The company will also work with Air Esurfing Information Technology to provide the respective CAAC validated EASA Supplemental Type Certificate (VSTC) to support Chinese airlines. Moreover, Lufthansa Technik will take care of material supply and material handling services for the installation of the packages, that can be tailored to each of Air Esurfing's airline customers and their specific requirements.
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International helicopter brokerage, Aero Asset, has releases its third quarter (Q3) 2019 Preowned Helicopter Market Trends. Its latest report shows North America as the most active region. A total 37% of pre-owned twin engine helicopter buyers were in this territory in the thired quarter, up from 31% in the second quarter.
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Year to date (YTD), 85 twin turbine helicopters closed to retail buyers (across all weight classes) and twin engine supply for sale is down nearly 20% to 230 aircraft, the report highlighted.
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Drawing on its proprietary intelligence and close knowledge of the market, Preowned Heli Market Trends reviews Q3 and YTD performance of twelve twin engine models in the light, medium and heavy categories, from Airbus Helicopters H135 to Sikorsky’s S92. Preowned helicopter markets are ranked by retail sales volume and absorption rates.
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The EC135/145 market continues to dominate resale activity, especially in the 2006 to 2014 year of manufacture segment. Much of the demand is driven by US air ambulance appetite for Pratt & Whitney Canada powered SP-IFR machines. The report highlights six EC135 and seven EC145 deals pending at the end of Q3.
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Light twin helicopter supply is down 17% year-on-year (YOY) and so is trading volume equating to a stable absorption rate.
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Leonardo AW109 markets suffered a substantial drop in Grand & GrandNew preowned transaction
activity. However, in contrast with YTD sales volume, Q3 is clearly an anomaly. Power retail sales volume remains stable.
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Lower pricing triggered increased demand for the Bell 429, with three retail trades in Q3.
However, a total of four retail trades YTD means the Bell 429 absorption rate remains higher than competing markets.
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The Leonardo AW139 leads the preowned medium twin market, with five retail sales in Q3 and ten
YTD. Supply continued its decrease year on year to 22 aircraft for sale at the end of Q3. This equates to an absorption rate of just 14 months. Absorption rate has seen a significant drop YOY - good news for the manufacturer, which recently delivered its 1,000th AW139.
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The Bell 412 market remains soft with zero transactions in Q3 and only three YTD. Supply in
the Airbus H155 market doubled in Q3 and absorption rate remains high with three years of supply at Q3 trade levels.
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Sales volume in the Sikorsky S76C+/C++ market was flat in Q3. Sales volume is up YOY, but
oversupply continues to hamper the C+ and the utility segments of this market.
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The H225 saw one sale per quarter YTD. This consistent sales volume suggests a better market outlook. With sixteen units for sale however, absorption rate remains high at four years of supply at Q3 trade levels. Five deals are currently pending.
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The S92 market saw its first preowned transaction in five years and supply in this market continued to decrease Q3, down 50% YTD.
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AerCap Holdings N.V. has announced its major business transactions during the third quarter 2019: AerCap has signed lease agreements for 72 aircraft, including 13 widebody aircraft and 59 narrowbody aircraft.
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During the quarter the company has purchased 16 aircraft, including 9 Airbus A320neo Family aircraft, 1 Airbus A350, 4 Boeing 787-9s and 2 Embraer E2s.
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AerCap has executed sale transactions for 20 aircraft during the third quarter, including 8 Airbus A320 Family aircraft, 3 Airbus A330s, 6 Boeing 737NGs, 1 Boeing 777-300 and 1 Boeing 777-300ER from AerCap’s owned portfolio and 1 Airbus A320 Family aircraft from AerCap’s managed portfolio. The company continues to manage 2 aircraft that were sold from its owned portfolio during the quarter.
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AerCap has signed financing transactions for over US$800 million in the third quarter 2019.
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Air Austral, France’s Réunion Island-based airline, has signed a firm order for three A220 aircraft, Airbus’ newest family member.
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With this order Air Austral becomes the first A220 customer based in the Indian Ocean region. Benefiting from a 20% reduction in fuel burn and CO2 emissions, the A220s will enable Air Austral to reduce its costs and carbon footprint on international routes in the region.
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"Air Austral has chosen the A220-300 as part of the renewal of its Medium and Short Haul fleet. These new generation aircraft will join the airline from the end of 2020 with the aim of harmonizing part of its fleet and strengthening its operations” said Marie-Joseph Malé, Chief Executive Officer of Air Austral. The economic and operational performance of the A220 opens new possibilities for the development of our regional network from our main base - Réunion Island - in an efficient and rational way. The 132-seat capacity module, which is more flexible, will allow us to increase our frequencies while offering more comfort to our customers and crews", he added.
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AIRCRAFT & ENGINE MARKETPLACE
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UPCOMING EVENTS
MRO Europe
October 15 - 17, 2019 – ExCel London, London, UK
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