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LATEST NEWS
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Thursday, November 4th, 2021
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Safran Aircraft Engines (Safran) and VietJet Air have signed a Memorandum of Understanding (MoU) to strengthen their strategic partnership. The MoU will encompass Safran’s business in commercial engines and the development of VietJet Air’s operations through the acquisition of jets, fleet management services, training and helping to set up on-site support capabilities.
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VietJet Air, which is based in Ho-Chi-Minh City, has been a Safran Aircraft Engines’ customer via CFM International since 2011. The airline started operation that year with Airbus A320 commercial jets powered by CFM56-5B engines. Today, VietJet Air operates 57 CFM56-powered A320 family aircraft and has also signed by-the-hour service contracts for these engines.
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In 2016 VietJet Air confirmed an order for 100 Boeing 737 MAX jets powered by LEAP-1B engines from CFM International. Deliveries of these aircraft began in 2019. At the Paris Air Show, in June 2017, VietJet Air had already selected Safran's SFCO2® service for a period of five years. Safran's SFCO2® solution combines the respective areas of expertise of Safran Aircraft Engines and Safran Electronics and Defense, a recognised expert in flight data analysis. It is designed to offer airlines effective fleet management recommendations, to help them reduce fuel consumption, and consequently CO2 emissions.
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The International Air Transport Association (IATA) released September 2021 data for global air cargo markets showing that demand continued to be well above pre-crisis levels and that capacity constraints persist.
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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 September 2019 which followed a normal demand pattern.
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Several factors that impacted global air cargo demand:
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Global demand, measured in cargo tonne-kilometres (CTKs), was up 9.1% compared to September 2019 (9.4% for international operations). Capacity remains constrained at 8.9% below pre-COVID-19 levels (September 2019) (-12% for international operations).
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Supply chain disruptions and the resulting delivery delays have led to long supplier delivery times. This typically means manufacturers use air transport, which is quicker, to recover time lost during the production process. The September global Supplier Delivery Time Purchasing Managers Index (PMI) was at 36, values below 50 are favorable for air cargo.
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The September new export orders component and manufacturing output component of the PMIs have deteriorated from levels in previous month but remain in favorable territory. Manufacturing activity continued to expand at a global level but, there was contraction in emerging economies.
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The inventory-to-sales ratio remains low ahead of the peak year-end retail events such as Single’s Day, Black Friday and Cyber Monday. This is positive for air cargo, however further capacity constraints put this at risk.
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The cost-competitiveness of air cargo relative to that of container shipping remains favorable. Pre-crisis, the average price to move air cargo was 12.5 times more expensive than sea shipping. In September 2021 it was only three times more expensive.
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Air Transport Services Group (ATSG) has contracted with Boeing for the conversion of four aircraft to 767-300 Boeing Converted Freighters (BCF).
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“Our continued confidence in the 767-300 platform, now coupled with the services and support of the OEM, reinforces our commitment to deliver best-in-class reliable services to our customers,” said Mike Berger, chief commercial officer of ATSG. “We’re proud to partner with Boeing as we expand our fleet to meet growing demand and look forward to future growth together.”
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ATSG is a global leader in cargo leasing, operating a fleet of 106 Boeing aircraft, including more than ninety 767 converted freighters.
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Following AerCap's acquisition of the GE Capital Aviation Services business (GECAS), it has signed a 20-year joint venture agreement with Safran Aircraft Engines regarding Shannon Engine Support (SES). SES, a leading provider of spare engines for CFM International, is now a 50/50 joint company between AerCap and Safran.
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SES, one of the largest lessors of CFM56 and LEAP engines, will continue to provide lease engine support to CFM and CFM operators. Aengus Kelly, CEO of AerCap, said, “The SES business is a great fit within the AerCap portfolio, with similar expertise, common assets and a complementary customer base to our wholly owned engine leasing business. This partnership extends our longstanding relationship with Safran, one of the world’s leading aviation companies. We look forward to working with the team at Safran to drive continued success at SES.”
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BAA Training, one of the top three leading aviation training academies in Europe, and Ecole Nationale de l’Aviation Civile (ENAC), the only aviation-oriented university in France, have signed an agreement and developed a BAA Training - ENAC mutual training program, covering Ab Initio and advanced training. With a proven track record of two-year collaboration, the companies are eager to foster their synergies further and establish long-term business relationships.
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The mutual programme is currently available for corporate clients. The first students will start their training in early 2022. On a second step, BAA Training and ENAC may study the possibility to open registration to clients coming from other backgrounds than airline companies.
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The partners have shared responsibilities regarding the new programme’s components: BAA Training will deliver ground school training, VFR, MCC, JOC and Type Rating, whereas ENAC will cover the IFR training stage.
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BAA Training entered into partnership with ENAC in 2019. Since then, it has supported the French university with both theory and flight training.
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Savback Helicopters AB is opening a UK home at Nottingham Heliport in East Midlands, UK, as it furthers its expansion in Europe. The premier dedicated helicopter facility, owned and operated by Central Helicopters, is set in 11 acres of private grounds, offering VIP facilities for crew and passengers and a substantial 520 m² hangar, and another 250 m² of offices and classrooms.
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Savback Helicopters’ Rick Andrew, who joined the business a year ago as Commercial and Sales Director, is moving into his new office this week. Savback will be able to use the hangar space to showcase pre-owned helicopter inventory, invite clients to come and view helicopters for sale, undertake demos and perform pre-purchase inspections on site.
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