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LATEST NEWS
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Friday, October 1st, 2021
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Canadian business jet manufacturer Bombardier has announced that an undisclosed client has agreed to purchase 20 of its high-end luxury Challenger 3500 business jets, its largest order for 2021. Based on current list prices, the order is worth in the region of US$534 million.
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The Challenger 3500 was unveiled on September 14 with a totally redesigned interior including the patented Nuage seat, which was pioneered in its Global-series aircraft. It is expected to enter into service in the second half of 2022. The new passenger spaces offer a host of new technologies, including the industry’s first voice-controlled cabin, wireless chargers throughout the cabin, and the only 24-inch, 4K displays in its class. The altitude in the cabin is 31% lower than that of its predecessor, the Challenger 350 and it will be the first business jet in the super mid-size segment with an Environmental Product Declaration, an open book on the aircraft’s environmental footprint throughout its entire life cycle. Customers will also be able to furnish the cabin with optional high-end sustainable materials, while additional sustainably minded initiatives for this aircraft include the introduction of the first eco app solution in business aviation, and a carbon neutral flight test program.
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“This significant order comes just days after the unveiling of the Challenger 3500 business jet, quickly reinforcing the supremacy of this platform in the super mid-size market. The new Challenger 3500 aircraft is ideally suited to meet a growing demand for business travel,” said Peter Likoray, Senior Vice President, Sales, New Aircraft, Bombardier.
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The International Air Transport Association (IATA) has released August 2021 data for global air cargo markets showing that demand continued its strong growth trend but pressure on capacity is rising.
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As comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted, all comparisons below are to August 2019 which followed a normal demand pattern.Global demand, measured in cargo ton-kilometers (CTKs), was up 7.7% compared to August 2019 (8.6% for international operations). Overall growth remains strong compared to the long-term average growth trend of around 4.7%.
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The pace of growth slowed slightly compared to July, which saw demand increase 8.8% (against pre-COVID-19 levels).
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Cargo capacity recovery paused in August, down 12.2% compared to August 2019 (‑13.2% for international operations). In month-on-month terms, capacity fell by 1.6% – the largest drop since January 2021.
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Economic conditions continue to support air cargo growth but are slightly weaker than in the previous months indicating that global manufacturing growth has peaked:The August manufacturing output component of the Purchasing Managers Indices (PMIs) was 51.9, indicating a short-term boost to demand if those orders are shipped by air. This was a decline from 54.4 in July.
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The August new export orders component of the PMIs was favorable for air cargo, despite being less supportive than in the previous months. Expansion continued at the global level, however, there was contraction in emerging economies.
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The inventory-to-sales ratio remains low ahead of the peak year-end retail season. This is positive for air cargo, however further capacity constraints put this at risk.
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ITA, the new national airline of Italy, has agreed to lease 31 new Airbus aircraft from ALC consisting of 15 A220s, two A320neos, nine A321neos and five A330-900neos on long-term lease from ALC’s orderbook with Airbus. The 31 aircraft will deliver to the airline progressively beginning in the second half of 2022 through early 2025.
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In addition to these 31 Airbus aircraft, ITA has signed a Memorandum of Understanding with Airbus for the purchase of 28 new aircraft: 10 Airbus A330neo aircraft for long-haul flights, seven Airbus A220 family regional jets and 11 Airbus A320neo family aircraft (deliveries for the latter to start after the completion of the business plan).
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Overall, ITA will lease a total of 56 new Airbus aircraft over the course of the plan (13 long-haul jets, including the ultra-modern Airbus A350-900, and 43 short and medium-haul aircraft).
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The Executive Chairman of ITA, Alfredo Altavilla, said: “The strategic partnership with Airbus and ALC is crucial for ITA to jumpstart our Business Plan aiming at achieving our targets of a new environmental-friendly fleet with significantly lower operating and leasing costs. I want to thank both Christian Scherer, CCO of Airbus, and Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation, for their trust in the future of our brand-new airline.”
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AerDragon Aviation Leasing has signed a TrueChoiceTM overhaul agreement with GE at the 13th China International Aviation and Aerospace Exhibition. The agreement covers time and materials required to overhaul eight CFM56-5B engines installed on four A320ceo aircraft, which were delivered to AerDragon’s lessee customers and entered service in 2009 and 2010. This agreement will be fulfilled during the next four years.
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AerDragon is the first mainland China-based lessor doing aircraft operating lease business and placed the first A320ceo speculative order powered by CFM56-5B engines in 2007.
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The TrueChoiceTM suite of engine maintenance offerings incorporate an array of GE capabilities and customization across an engine's lifecycle. The TrueChoice suite includes: TrueChoice Flight Hour, TrueChoice Overhaul, TrueChoice Material, and TrueChoice Transitions.
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MRO service provider SR Technics has announced that Anisa Diwakar has joined its business development team as Head of Parts Repair Customer Services.
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Diwakar started with SR Technics in 2014 as Account Manager Engines, responsible for execution and integration of engine MRO contracts for CFM56-7B/-5B and PW4000. She successfully managed several key accounts and customer services integration for multiple international airlines, specifically in the regions of Asia and the Americas.
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Prior to joining SR Technics, she spent seven years at Jet Aviation Basel in various roles, including supply chain management, mainly responsible for engine and APU procurement services and activities.
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Vallair, the mature aircraft asset specialist dedicated to the support of both operators and lessors, and launch customer of the A321 freighter conversion (A321F), has delivered its third Airbus A321 freighter, bearing serial number 1017. This aircraft follows two Airbus A321Fs already delivered by Vallair that are presently in operation: MSN835 delivered in October 2020 and MSN 891 delivered in June 2021.
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As the first ever Airbus A321 cargo conversion aircraft to have been inducted in China, MSN 1017 is now registered in Europe and has been delivered to SmartLynx Malta who will operate the aircraft on behalf of DHL.
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Following conversion, maintenance and painting activities have been carried out at Vallair’s specialist MRO facility located in Montpellier, France. Vallair’s dedicated paint facility is adjacent to its Montpellier MRO facility and can be used in conjunction with any narrowbody maintenance or modification input.
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Astronics Corporation, a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, has been awarded a US$19 million order from Collins Aerospace (Collins) for business jet connectivity equipment to be delivered in 2022. The order is a follow-on to the approximately US$11 million order announced in February 2021.
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The growing fleet employing Collins’ system is building customer recognition and confirming that LuxStream provides unparalleled high-speed world-wide connectivity that delivers a broad variety of remote conferencing services and streaming entertainment.
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“We are excited to support the growing success of the Collins Aerospace Ku-band connectivity service,” said Michael Kuehn, Astronics CSC President. “We believe this order validates the continued success of Collins’ connectivity services and the performance of Astronics’ connectivity hardware. Astronics is committed to developing and producing the best connectivity hardware for airborne platforms.”
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US-Bangla Airlines, the Dhaka, Bangladesh-based carrier, has appointed global aviation services group ACC Aviation as remarketing agent to dispose of three de Havilland Dash 8-Q400 turboprops. The aircraft (MSN 4034, 4044 and MSN 4058) all built in the early 2000s, will be disposed of, along with an extensive list of DHC8-Q400 spares and components as a packaged transaction.
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Leveraging its extensive relationships, ACC Aviation will guide US-Bangla Airlines throughout the entire remarketing and disposal of the assets process and seek out potential buyers for the aircraft, while ensuring that every aspect of the transaction is fair and within industry standards.
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US-Bangla Airlines has an extensive scheduled passenger network, operating a mainstay fleet of ATR 72-600’s and B737-800’s. ACC Aviation is a steadfast partner that industry colleagues and clients have come to rely upon. Its global team in Europe, Africa, the Middle East, Asia and North America offer professional, impartial advice, and expertise across a comprehensive range of aviation services
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