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LATEST NEWS
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Wednesday, December 8th, 2021
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Fort Worth, Texas-headquartered American Airlines has announced that as of March 31, 2022, Doug Parker will retire as the company’s CEO and his position will be taken over by current president, Robert Isom. Parker will continue to serve as chairman of American Airlines’ board of directors, which Isom will join on taking up his new position.
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Parker was named CEO of American Airlines in 2013 when it merged with US Airways, creating what is now the world’s largest airline by aircraft numbers, scheduled passengers carried and revenue passenger mile. “I have worked with Robert for two decades and I am incredibly pleased that he will be the next CEO of American Airlines, which is truly the best job in our industry,” said Parker. “I am humbled to serve as CEO of American Airlines,” said Isom. “Over the past several years, our airline and our industry have gone through a period of transformative change. And with change comes opportunity.”
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Isom is also President of American Airlines Group and American Airlines, its principal subsidiary company. In this role, he oversees American’s operations, planning, marketing, sales, alliances and pricing. Isom previously served as Executive Vice President and Chief Operating Officer at American after holding the same position at US Airways. Prior to joining US Airways, he held senior executive operations, finance and commercial roles at GMAC, LLC., Northwest Airlines and America West Airlines.
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The Milestone Aviation Group (Milestone), a global leader in helicopter leasing, will provide two Sikorsky S-92 Search and Rescue (SAR) helicopters to CHC Helicopters (CHC), the helicopter services and MRO providers.
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The two Milestone S-92 SAR helicopters will be used to support a multi-year contract recently awarded to CHC by Norway’s Ministry of Justice for search and rescue (SAR) services. Delivering in January 2022, the helicopters will be based in Tromsø, Norway, and will commence missions shortly thereafter.
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Milestone Aviation Group, an AerCap company, is a world leading helicopter leasing and financing company. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory.
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Kellstrom Aerospace, a global commercial aftermarket OEM Distribution leader, providing a comprehensive range of aircraft lifecycle solutions, has been appointed as worldwide aviation commercial aftermarket distributor of Elliott Manufacturing, a CentroMotion Company.
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This commercial aftermarket partnership will allow Kellstrom Aerospace to support the material requirements of international airlines and MRO customers with factory-new Elliott Manufacturing flexible shaft assemblies, which are installed as standard equipment on most thrust reverser actuation systems (TRAS) on a broad-range of commercial aircraft engine applications as well as wing-flap and slat actuation and indicator units, wing-sweep and feedback systems, cargo door drives and many more applications demanding high-reliability flexible shaft solutions.
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Pratt & Whitney has named Jill Albertelli President of its Military Engines business, succeeding Matthew Bromberg, who has elected to leave the company to pursue other opportunities. Albertelli, most recently Pratt & Whitney’s Senior Vice President of Transformation and Strategy, will lead the Military Engines organisation effective December 6, and will work closely with Bromberg through the end of this year to ensure a smooth transition.
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Albertelli brings a history of demonstrated excellence in a broad range of leadership roles to Military Engines, with experience in roles of increasing importance in engineering, operations, programme management, sales, commercial aftermarket and product quality. Most recently, she led the company’s Transformation and Strategy organisation, including overseeing digital technology, the building of Pratt & Whitney’s world-class turbine airfoil production facility set to open in 2022, in Asheville, N.C., and leading the company’s innovative Office of the Future initiative, with 80% of headquarters salaried staff afforded greater flexibility in work-remote options.
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Safran has entered exclusive discussions to acquire Orolia from Eurazeo alongside the founders and management. Orolia is a leader in Resilient Positioning, Navigation and Timing (PNT) solutions which improve the reliability, performance and safety of critical civilian, military and space operations, including in harsh or altered Global Navigation Satellite System (GNSS) environments.
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Orolia has a broad portfolio of technologies across the Resilient PNT value-chain with full system capabilities and is a provider of PNT equipment, simulation and test solutions. Orolia is also providing emergency locator beacons for commercial aviation and military applications.
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This acquisition represents a unique opportunity for Safran and Orolia to extend their Resilient PNT solutions, through their remarkable complementarities. With this addition, Safran will be able to build a world-leading position in all aspects of PNT, inertial navigation, time and GNSS receivers and simulators, covering aerospace, governmental and high-integrity applications.
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Safran intends to accelerate the development of Orolia under the leadership of its current CEO, Jean-Yves Courtois, and in full collaboration with its teams. The mutual customer base will benefit from the leveraging of respective strengths and route-to-market capabilities.
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Orolia is expected to generate revenues of more than €100 million in 2021 and has approximately 435 employees with facilities in France, United States, Switzerland, Spain and Canada.
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Jet Aviation has signed an agreement with Neste, a leading producer of Sustainable Aviation Fuel (SAF), to secure and offer Neste MY Sustainable Aviation Fuel (Neste MY SAF) on-site at its FBO located at Amsterdam Airport Schiphol, effective immediately. Neste MY SAF is Jet A-1 certified and has the same operational qualities as traditional fossil fuel. It requires no aircraft modifications or further approvals.
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Under the agreement with Neste, Jet Aviation has purchased a stock supply of Neste MY SAF for uplift at its FBO in Amsterdam. Neste MY SAF is produced from 100% renewable and sustainable waste and residue raw materials, such as used cooking oil and animal fat waste. In its neat form and over its life cycle, Neste MY SAF can achieve a reduction of up to 80% of greenhouse gas emissions compared to fossil jet fuel use.
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In collaboration with Neste and Zurich Airport, Jet Aviation imported a limited supply of SAF for WEF 2020, using the event as a pilot project for customer receptivity. It was the first time SAF had been made available for purchase in Switzerland. Jet Aviation and Neste continue to support the industry’s efforts to increase availability such that SAF becomes the standard fuel used in the Business Aviation sector.
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777 Partners, the Miami-based investment firm, will nearly double its Boeing 737 MAX order book with the purchase of 30 additional jets. The new order expands 777 Partners' commercial aircraft portfolio to a total of 68 737 MAXs, in its fourth order this year for the fuel-efficient, single-aisle jets. Valued at US$3.7 billion at list prices, the order will enable 777 Partners to expand 737 MAX operations across the fleet of its affiliated global low-cost carriers.
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The 737 MAX family reduces fuel use and carbon emissions by at least 14% compared to the airplanes it replaces, reducing operating costs as well as the environmental footprint for 777 Partners' affiliated airlines. Every 737 MAX features a passenger-pleasing Boeing Sky Interior, highlighted by modern sculpted sidewalls and window reveals, LED lighting that enhances the sense of spaciousness and larger pivoting overhead storage bins.
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777 Partners is a private alternative investment firm that invests across a number of high-growth attractive verticals. Founded in 2015, 777 Partners initially applied its expertise in underwriting and financing of esoteric assets to diversify across a broad spectrum of financial services businesses, asset originators and financial technology/service providers. In recent years, the firm has broadened its mandate and now invests across six different industries: insurance, consumer and commercial finance, litigation finance, direct lending, media and entertainment, and aviation.
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Rolls-Royce’s hybrid-electric aero power and propulsion system has delivered more than a megawatt of power just weeks after going on test for the first time.
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Power Generation System 1 (PGS1) reached the milestone at the newly-renovated Testbed 108 in Bristol, UK. Testing is continuing with the aim of reaching up to 2.5 megawatts.
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PGS1 is a demonstrator aimed at proving technology for future hybrid-electric regional aircraft opportunities and in addition the generator could be used within a “more-electric” system for larger aircraft or within future ground applications.
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PGS1 forms an important element of Rolls-Royce's sustainability strategy, which includes developing innovative electrical power and propulsion systems. As well as the generator, the PGS1 system incorporates an AE2100 engine, specialist controls and a thermal management system.
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TAP Air Portugal and Lufthansa Technik have signed a five-year agreement for digital support by AVIATAR for its entire Airbus fleet.
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To digitally optimise its aircraft operations and benefit from cost savings, TAP Air Portugal will use AVIATAR's solutions - including Condition Monitoring, Event Analytics and Fleet Map. In addition, the airline becomes development partner for future solutions on the digital platform.
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AVIATAR's aircraft health monitoring solutions were tested by the TAP Air Portugal project team in parallel and in place of its current solution, including a detailed quality assessment. Within the AVIATAR community, the project team and AVIATAR team worked together to improve and adapt some of the solutions already. This enabled a collaborative development of the overall solution for TAP Air Portugal and also improved the user experience for the entire community.
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Launched in 2017, AVIATAR is the independent platform for digital products and services developed by Lufthansa Technik. The platform offers its users modular digital products ranging from predictive maintenance to fulfilment and automated solutions. AVIATAR combines fleet management solutions, data science and engineering expertise to provide a comprehensive range of integrated digital services and products for airlines, MRO companies, OEMs and lessors that seamlessly integrate with physical fulfilment in TechOps and beyond.
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