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LATEST NEWS
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Monday, April 25th, 2022
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Jackson Square Aviation (JSA) has announced a purchase and leaseback financing to Air France with the delivery of one Airbus A350-900 aircraft and a second aircraft due to be delivered soon, both of which are under long-term leases.
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“We are delighted to provide further fleet financing solutions to Air France with the delivery of this latest technology A350-900 aircraft,” said Chris Dailey, JSA President & Chief Commercial Officer. Christophe Million-Rousseau, SVP Marketing & Capital Markets EMEA, added, “We look forward to supporting Air France’s fleet renewal plans.”
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According to Air France, the Airbus A350-900 is the new flagship of Air France’s long-haul fleet. Compared to previous-generation aircraft, it consumes 25% less fuel (i.e. 2.5 litres per passenger/100 km) thanks to the incorporation of materials which are up to 67% lighter – 53% composites and 14% titanium. In addition, its noise footprint is reduced by 40%.
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GE Aviation, the major global provider of jet engines, components and systems for commercial and military aircraft, has opted to collaborate with BAE Systems to design, test and supply energy management components for GE’s recently announced megawatt (MW) class hybrid electric propulsion system which is currently in development.
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Back in October 2021 it was announced that NASA had chosen GE Aviation to mature a MW-class integrated hybrid electric powertrain for single-aisle aircraft and through NASA’s Electrified Powertrain Flight Demonstration (EPFD) project, GE will test hybrid electric configurations on a modified Saab 340B to help prove out the technology.
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“We are excited about the opportunity to collaborate with BAE Systems on this demonstrator to advance energy storage systems at altitude,” said Mohamed Ali, Vice President and General Manager of engineering for GE Aviation. Beyond energy storage, BAE Systems will provide the high-integrity controls and cables for the demonstrator’s power management system, which will be tested on a CT7-9B turboprop engine.
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“We are harnessing our expertise in energy management systems and flight critical controls to support the development of electric propulsion systems for the future of flight,” said Ehtisham Siddiqui, Vice President and General Manager of Controls and Avionics Solutions at BAE Systems. “This effort continues our longstanding relationship with GE."
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GE Aviation has been maturing components of high-power hybrid electric systems for over ten years, including motors, generators, power convertors and power management systems. The electrification technologies GE Aviation is advancing are highly compatible with Sustainable Aviation Fuel (SAF) and hydrogen, as well as advanced engine architectures such as the open fan and new compact engine core designs.
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Avelo Airlines has awarded Lufthansa Technik with a contract to supply material for its growing fleet of Boeing 737NG aircraft.
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This agreement is the first cooperation between the two companies. In the years ahead, Lufthansa Technik will provide Avelo with consumables and expendables to support the new low-fare airline as it grows. Lufthansa Technik operates an extensive network of supply and MRO facilities and guarantees Avelo industry leading performance with this agreement.
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Avelo commenced operations in April 2021 and currently operates a fleet of eight 737NG aircraft (five 737-700s and three 737-800s). The airline plans to add additional 737NGs to its fleet by the end of 2022. The carrier serves 18 popular destinations across the U.S., including its West Coast base at Los Angeles' Hollywood Burbank Airport (BUR) and its East Coast base at Tweed-New Haven Airport (HVN).
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AAR CORP., a leading provider of aviation services to commercial and government operators, MROs and OEMs, has been awarded an US$8,172,220 delivery order (FA8534-22-F-0037) against previously awarded contract FA8534-20-D-0003 for the production of 463L cargo pallets.
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In continuation of a trusted partnership with the U.S. Air Force, this work will be performed in Cadillac, Michigan, and is expected to be completed by July 15, 2022. This award is the result of a sole source acquisition with Air Force Life Cycle Management Center, Robins Air Force Base, Georgia, as the contracting agency. Other fiscal 2021 Air Force funds are being obligated in the full amount at the time of award. The total cumulative contract value is US$78,994,791.
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Philippine-based maintenance, repair and overhaul (MRO) company Dornier Technology has appointed Joseph Espiritu as Chief Operating Officer and will utilise his expertise to grow the business by providing tailored solutions for airlines and air operators as the commercial aviation market recovers.
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Espiritu is an industry veteran with more than 18 years of experience including more than a decade in management and senior roles. He was previously Deputy General Manager and Vice President of Operations at Cebu Pacific Air’s aircraft maintenance organisation Aviation Partnership Philippines (APLUS).
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Espiritu has also worked in senior positions at Lufthansa Technik Philippines handling heavy maintenance for Lufthansa Group airlines and other foreign airlines. In addition, he has overseas experience having been a powerplant planning engineer at Kuwait Airways.
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Virgin Australia is migrating to Sabre’s Revenue Optimizer solution to enable optimal pricing decisions and drive total revenue optimization to respond dynamically to today’s fluid travel environment.
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While previously, airline pricing and availability planning has typically relied on historical data, the pandemic has resulted in unprecedented changes to the global travel marketplace, making past patterns much less reliable. Sabre Revenue Optimizer will enable Virgin Australia to take a 360-approach to forecasting, analysing and optimizing revenue streams by providing real-time visibility into the total revenue of every flight, market and departure date.
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Currently, the Brisbane-headquartered carrier is using a number of different systems in its revenue optimization strategy. The airline will be moving to Sabre Revenue Optimizer to drive its technological transformation and break down data silos to enable it to leverage intelligent decision support to recommend availability, customer choice-based demand forecasting and competitive intelligence.
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In conjunction with Earth Day, StandardAero has announced that the company is setting a global goal to reduce its overall carbon footprint by net 45% by the year 2030 and to achieve a net-zero carbon footprint by 2050.
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The new goals were launched to enhance the success of StandardAero’s GreenERmro initiative, a multi-year programme to reduce, reuse and recycle precious resources that promote a circular economy. The GreenERmro programme embodies the company’s quest for sustainability and for taking practical, common sense approaches to make improvements that reduce consumption, minimize waste and limit environmental impact. StandardAero’s most recent GreenERmro efforts were focused primarily around energy and waste reduction at many of the company’s more than 50 sites and facilities around the world.
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“This year, we are taking an important step to drive our environmental improvement efforts,” said Russell Ford, Chairman & CEO of StandardAero. “We have set aggressive goals, but they are ultimately achievable. With leadership, investment and commitment, we believe we are on a path to significantly improve environmental sustainability and help protect our ecosystem.”
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Earlier this year StandardAero hired Brian Skrobarcek, an industry sustainability expert, to serve as the company’s dedicated Vice President of Environment Health, Safety & Sustainability and Global Head of ESG. Skrobarcek is leading the charge to drive StandardAero’s multi-pronged environmental sustainability and governance strategy. Working with other industry and environmental experts, he will be adopting best practices and establishing a detailed framework for achieving the company’s goals.
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“Reducing our carbon footprint isn’t just about StandardAero,” explained Skrobarcek. “We think globally. A global perspective encompasses supplier, partner and customer commitments toward environmental sustainability. We are expanding our efforts to include other sustainability focus areas including test cells, procurement, logistics and ultimately our products and services. In the future, we will expect all of our constituents to be driving toward the same vision. Together, we will create the solutions that make a difference.”
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StandardAero’s sustainability efforts are tightly aligned with the company’s equity sponsor, Carlyle. StandardAero is also working closely with other Carlyle portfolio companies to collaborate on efforts to achieve similar goals.
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Horizon Air, a leading regional carrier in the western U.S., has begun using dentCHECK to enhance the efficiency and quality of its aircraft damage-mapping and reporting activities.
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dentCHECK is a handheld-portable, completely wireless 3-D scanner tool with integrated AR that is purpose-built for the aviation maintenance industry. Delivering real-time ‘go/no-go’ answers at the push of a single-button, the tool significantly reduces damage-mapping and reporting times, compared to traditional manual methods that use depth-gauges and straight-edges.
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Approved and recognised by all major aerospace OEMs (Airbus, Boeing, Bombardier and Embraer), dentCHECK is used by the world's leading airlines/MROs for fast and accurate damage-mapping and SRM-compliant multi-dent reporting. When compared to traditional inspection methods, dentCHECK delivers a 90% gain in efficiency and 35x better measurement consistency.
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“We are delighted to welcome Horizon Air to 8tree’s growing base of dentCHECK customers”, said Arun Chhabra, CEO, 8tree. “Horizon joins the rapidly growing global aviation community of more than three dozen airlines, MROs and OEMs who rely on dentCHECK for verifiable end-to-end digital damage-mapping and reporting, across a wide variety of commercial, cargo, business and defense aircraft. We look forward to empowering Horizon’s maintenance operations and having them experience 8tree’s exceptional customer service.”
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