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LATEST NEWS
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Monday, June 6th, 2022
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Azorra, the commercial aircraft lessor providing lease, financing and asset management solutions with a focus on regional, crossover and small narrowbody aircraft, has completed the acquisition of a 37 aircraft portfolio formerly owned by Nordic Aviation Capital (NAC). The portfolio is comprised of 29 Embraer E-Jets and seven ATR and Q400 turboprops leased to 13 different airlines worldwide. The aircraft are financed by a lender group led by BNP Paribas.
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“We are thrilled to add these aircraft to Azorra’s growing portfolio, while expanding and diversifying our customer base,” said John Evans, CEO of Azorra. “These aircraft are ideally suited for today’s market dynamics and are leased to well-known airlines around the world. Azorra’s management team has a long and successful history with BNP Paribas and originated a majority of these leases prior to the sale of Jetscape to NAC. We were pleased to work with BNP Paribas and its lender group on this transaction.”
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Azorra currently owns and manages 60 aircraft on lease to 18 airlines in 15 countries and has commitments to purchase 49 aircraft and spare engines including 42 new Airbus A220/ACJ220 and Embraer E2 aircraft. The company is headquartered in Fort Lauderdale, Florida and has an office in Dublin, Ireland.
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Rolls-Royce has announced that Liebherr-Aerospace (Liebherr-Aerospace) will provide a pneumatic four-valve package for the Pearl® 10X engine which will power the Dassault Aviation Falcon 10X business jet.
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The agreement between Rolls-Royce and Liebherr-Aerospace further strengthens the presence of the latter in the engine market. The Dassault Pearl 10X is the most powerful of the Pearl series of engines and the Dassault Falcon 10X is anticipated to enter into service in 2025. Liebherr-Aerospace is also involved with the provision of an integrated air management system, landing gear actuation and steering components for the Falcon 10X.
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“This contract enabling us to be part of Rolls-Royce’s Pearl 10X engine is a testament that deep collaboration and excellence pays off. We are very proud to work so closely with our customers in developing state of the art technology to fit their specific needs”, said Alex Vlielander, Chief Customer Officer, Liebherr-Aerospace.
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Liebherr-Aerospac, a subsidiary of the Liebherr Group of companies which began operations over sixty years ago, is a leading supplier of systems for the aviation industry. The range of aviation equipment produced by Liebherr-Aerospace for the civil and defence sectors includes flight control and actuation systems, gears and gearboxes, landing gear and air management systems as well as electronics. These systems are deployed in wide-bodied aircraft, single aisle and regional aircraft, business jets, defence aircraft, defence transporters, defence training aircraft and civil and defence helicopters.
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Philippine Airlines (PAL) has signed an extension to its flight hour support contract with Air France Industries KLM Engineering & Maintenance for the GE90 engines powering its Boeing 777 fleet, as well for the CFM56-5B engines fitted on its Airbus A320 aircraft.
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Following a successful restructuring process in 2021, the Philippine flag carrier has established a new fleet plan. AFI KLM E&M will support PAL with GE90 shop visits for as long as the 777 serves on the airline's fleet. Cooperation is also extended on the CFM56-5B engines for PAL’s A320s serving domestic and regional routes.
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“We value the partnership we have with the AFI KLM E&M teams, who have been a loyal ally throughout the uncertainty of the last two years. PAL and AFI KLM E&M have kept strong communication lines during the pandemic, and we look forward to continuing our robust ties as they continue to support our fleet requirements in the future through this extended agreement.”
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Southwest Airlines and the Aircraft Mechanics Fraternal Association (AMFA) have reached a tentative agreement for Southwest’s aircraft appearance technicians.
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"This agreement rewards our appearance technicians for the contributions they make to our company’s success," said Adam Carlisle, Vice President Labor Relations at Southwest Airlines. "It’s also a result of the hard work exemplified by both negotiating committees and we appreciate all of their efforts."
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Southwest’s nearly 170 appearance technicians help deliver safe, secure, clean and reliable aircraft for Southwest’s customers and employees. AMFA will communicate to its members about the ratification process.
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With the global commercial aircraft fleet expected to reach almost 40,000 aircraft by 2032, the aviation industry finds itself in a dire need of maintenance, repair, and overhaul (MRO) specialists. Understanding the high demand for maintenance professionals, Aeroclass, a forward-thinking digital training platform focused on the aviation industry, has set out to help meet the demand.
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Experts have forecasted that during the next 20 years over half a million MRO professionals would be needed in order to service and maintain the global aircraft fleet – and specialists in the engineering field are one of the top ones in demand. To help bring in more professionals into the MRO segment of the aviation industry, Aeroclass, a subsidiary of Avia Solutions Group, has teamed up with its sister companies FL Technics, a global provider of full-scope aircraft MRO services, with over 20 years of experience in the field, and Storm Aviation, a UK-registered MRO company operating under UK-issued EASA Part-145 and EASA Part-147 approvals.
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Both FL Technics and Storm Aviation have the industry experience and knowledge that are valuable for aviation newcomers, while Aeroclass, which offers industry-specific online courses, ranging from civil aviation, airline or group operations, cargo to law, and aviation regulations, has the right tools to deliver the knowledge in an accessible and convenient way to the future specialists.
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Anca Gosling, Training Content and Development Director at Aeroclass commented: “With the help of FL Technics and Storm Aviation, whose extensive experience in aircraft maintenance and delivering training for licensed aircraft engineers is invaluable, we are able to provide the opportunity to understand the aircraft engineer role better, especially for those who might be thinking about a career change.”
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Algirdas Kadaksys, Deputy CEO for Technical training at FL Technics shares: “The need for MRO professionals will continue to be strong and the collaboration on the new course with Aeroclass and Storm Aviation is a great way to show how essential the role of the aircraft maintenance engineer is. For those interested in this particular specialization, it’s a great place to start and gain valuable knowledge from the lead names in the industry.”
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Ben Greenaway, Training Manager at Storm Aviation added: “It’s exciting to be a part of such a project and share the industry know-how with future maintenance engineering specialists at Aeroclass together with FL Technics. There’s great potential here to bring in a fresh wave of engineers and we’re excited to be helping in doing just that.”
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Embraer and Aeroplex have signed a Memorandum of Understanding (MoU) to cooperate on a project to qualify Aeroplex as an Embraer Authorised Service Center (EASC) in Hungary. The goal is to support and enable Aeroplex to provide line and intermediate maintenance to the Hungarian Defence Forces’ KC-390 Millennium aircraft.
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The Hungarian government signed a contract with Embraer for the acquisition of two C-390 Millennium multi-mission transport aircraft, in its Air-to-Air Refueling (AAR) configuration, designated KC-390. The acquisition is part of the process to strengthen the capabilities of the Hungarian Defense Forces. The first aircraft is scheduled to be delivered in 2024.
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The KC-390 for the Hungarian Defense Forces will be the very first with the Intensive Care Unit in its configuration, an essential feature to perform humanitarian missions. The aircraft fully meets the requirements of the Hungarian Defense Forces, being able to perform different types of military and civilian missions including medical evacuation, cargo and troops transport, precision cargo airdrop, paratroopers operations and AAR.
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Nordic Aviation Capital (NAC) has announced that Brian Power will assume the role of EVP Fleet Operations effective July 1, succeeding Tom Turley, who is retiring from his role as EVP and COO at NAC.
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Power has over 30 years of experience in the aviation sector. He joined NAC in 2016 as VP Technical and was appointed GVP Transaction Asset Management in 2017. He assumed the role of SVP Technical Operations in 2019. Power previously worked for Aldus Aviation as Head of Technical and at Lufthansa Technik for 21 years overseeing a wide array of commercial aircraft in various senior roles. He will be responsible for leading the technical activities across the business and will report to the company’s President and CEO, Norman C.T. Liu.
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