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LATEST NEWS
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Friday, July 22nd, 2022
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Dublin, Ireland-based AerCap Holdings N.V. has announced at the Farnborough International Airshow that it has ordered five additional Boeing 787-9 Dreamliners, bringing the global leasing agent’s total orders to 125 of the 787 that are owned or on order.
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Peter Anderson, Chief Commercial Officer of AerCap, said, “AerCap is the world’s largest 787 customer and we are very pleased to strengthen that position with this order for five additional aircraft. This transaction is in line with our portfolio strategy of investing in the most in-demand new technology assets and will help us continue to support our airline customers meet their sustainability commitments.”
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"AerCap oversees a world-class leasing portfolio, epitomized by the most utilized widebody in the industry, the 787 Dreamliner," said Ihssane Mounir, Boeing Senior Vice President of Commercial Sales and Marketing. “With its unparalleled fuel efficiency and passenger appeal, the 787 Dreamliner family is playing a major role in sustaining, reopening and pioneering new routes in the long-haul travel market."
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American Airlines Group has released its second-quarter 2022 financial results. American produced revenues of US$13.4 billion in the second quarter, a 12.2% increase versus 2019 and a record for any quarter in company history. This record revenue was achieved while flying 8.5% less capacity than the same period in 2019 and there remains significant revenue potential going forward to the extent business and international travel improve further.
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The company posted second-quarter net income of US$476 million. Excluding net special items, second-quarter net income was US$533 million.
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American ended the second quarter with US$15.6 billion of total available liquidity. Total debt reduction continues to be a top priority and the company remains on track to reduce overall debt levels by US$15 billion by the end of 2025.
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In the second quarter, the company made US$1.0 billion in scheduled debt and finance lease payments, including paying off the remaining US$433 million outstanding balance of its US$750 million unsecured senior notes that matured in June. To date, American has reduced its overall debt by US$5.2 billion from peak levels in the second quarter of 2021.
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TrueAero has announced the delivery of one Airbus A330-200 equipped with two CF6-80E engines to Aerolineas Argentinas, MSN 899. The first A330-200, MSN 877, delivered in April 2022.
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Karl Drusch, CEO of TrueAero said, “We are pleased to expand our relationship with Aerolineas Argentinas with the delivery of this second Airbus A330-200. I want to thank the team at Aerolineas Argentinas for entrusting TrueAero with the delivery of these two A330-200s and we look forward to continuing to contribute to their success”.
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Saltchuk Aviation has placed an order for up to four more 767-300 Boeing Converted Freighters (BCFs). The deal includes three firm orders and one option for the efficient medium wide-body freighter.
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"We continue to see long-term air cargo trends that support fleet growth in the markets served by our three air cargo brands, and are excited to expand our partnership with Boeing,” said Betsy Seaton, President and CEO of Saltchuk Aviation. “Converting these 767-300ER will bring highly reliable capacity to our network, and backed by Boeing’s OEM expertise, we expect these freighters to operate in our fleet for the next 15-20 years.
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Saltchuk Aviation is most widely known for its three cargo operating brands: Aloha Air Cargo, Northern Air Cargo and StratAir. The family of companies provide services to Hawaii and Alaska, as well as destinations throughout North America, Central America, the Caribbean and South America.
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Saltchuk Aviation placed its first order with Boeing for four firm 767-300BCFs in early 2021. The first 767-300BCF as part of the initial deal was delivered to the carrier earlier this month. Saltchuk Aviation’s carriers have operated 767 converted freighters in their respective fleets alongside 737 freighters since 2016.
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Nordic Aviation Capital (NAC), the regional aircraft leasing company, has agreed a memorandum of understanding to place the first two E190F passenger-to-freight conversions with Astral Aviation, based in Nairobi, Kenya.
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In May 2022, NAC and Embraer reached an agreement in principle to take up to ten conversion slots for E190F/E195Fs, with first deliveries starting in 2024. The aircraft for conversion will come from NAC’s existing E190/E195 fleet.
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As of July 1, 2022, David Lamoureux has assumed the role of Chief Executive Officer at Bonus Tech, an Air France Industries KLM Engineering & Maintenance joint venture based in Miami and one of the global market leaders for engine teardown. Engine teardown facilitates the generation of used serviceable and repairable material from end-of-life engines and is a key enabler of circularity in engine materials, contributing to the drive for sustainability in the aviation industry.
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Lamoureux succeeds Aurélie Kergoat, who in her five years as Bonus Tech's CEO has led the development of the company into the market leader it is today. Kergoat has successfully driven growth in Bonus Tech’s engine portfolio, increased turnover and profitability and launched the development of complementary services for its customers. For example engine inspection to be offered through Bonus Tech Engine Services, including Part 145 approval.
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David Lamoureux arrives with 15 years of experience in the MRO engine business at AFI KLM E&M, from dedicated logistics, asset lifecycle management, engine maintenance operations and most recently served as Technical Sales Director for CFM56-5 and GE90 engine maintenance services worldwide.
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Pan Am Flight Academy announced the acquisition of its second, Level D, Boeing 747-400, full-flight simulator. This new simulator is being relocated from Thailand and is expected to arrive at the Port of Miami in late July. The simulator will be installed at the new Pan Am Flight Academy training Centre located at the Axis Park complex in Hialeah, FL.
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This B747-400 simulator is equipped with the GE CF6-80c2-B1F engine model, EGPWS, FANS and TCAS II / 7.1. The visuals will be upgraded to the RSI EPIC Visual System. The B747-400 FFS will be updated and qualified to meet FAA CFR Part 60 Level D Technical Standards including FSTD Directive 2 Training on this simulator is expected to begin in Q1, 2023.
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The simulator will complement the existing Boeing 747-400 Level D simulator currently in service at Pan Am Flight Academy’s training centre in Miami, FL.
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Three months after announcing the addition of an aircraft maintenance facility and 50 new jobs in Houston, Spirit Airlines announced the addition of a new pilot and flight attendant crew base at George Bush Intercontinental Airport (IAH). Spirit expects to locate about 150 pilots and about 300 flight attendants in Houston starting this fall, with additional crew, supervisors and support functions to follow.
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The two investments aim to support the many exciting new destinations coming soon to Spirit's route map and support the airline's growing Fit Fleet®, which is one of the youngest and most fuel-efficient fleets in the industry. Spirit plans to accept 24 brand new planes in 2022, bringing its fleet total to 197 aircraft and 33 more new planes are planned for delivery in 2023.
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The new IAH crew base will join Spirit's existing crew bases in Atlanta (ATL), Atlantic City (ACY), Chicago (ORD), Dallas (DFW), Detroit (DTW), Fort Lauderdale (FLL), Las Vegas (LAS), Miami (MIA) and Orlando (MCO).
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Houston is perfectly suited for a new crew base because of its strategic location within Spirit's network and it will complement Spirit's diverse mix of domestic and international flight activity out of IAH. Houston also provides exceptional talent recruitment opportunities to augment the airline's growing ranks and offers team members a vibrant metropolis to call home.
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