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LATEST NEWS
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Wednesday, July 27th, 2022
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Rolls-Royce has announced that as of January 1, 2023, Tufan Erginbilgic will take over the role Chief Executive Officer from Warren East. East announced in February his intention to step down from the position at the end of 2022.
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Erginbilgic has a background in engineering, having built his career in international business including over 20 years with BP, including five years as part of its executive team. Before leaving in 2020, in his last post he led BP’s downstream business, which included Refining, Petrochemicals, Service Station Network, Lubricants, Midstream operations and the Air BP jet fuel operation. During Erginbilgic’s tenure, the business was transformed, achieving record profitability and delivering record-setting safety performance.
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Erginbilgic has also held several non-executive directorships in heavy industry and manufacturing companies, including at aerospace technology group GKN. He is currently a partner at Global Infrastructure Partners (GIP), a private equity firm which focuses on large-scale investments in infrastructure businesses and manages US$81bn (£67.5m) for investors.
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Anita Frew, Chair, Rolls-Royce, commented: “I am delighted to announce the appointment of Tufan Erginbilgic as Chief Executive. He is a proven leader of winning teams within complex multinational organisations, with an ability to drive a high-performance culture and deliver results for investors.”
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Hutchinson has finalised its long-term agreement with Singapore Component Solutions, the joint venture between Sabena technics and Air France Industries KLM Engineering & Maintenance dedicated to component support, to bring a competitive and quality component repair offering to operators in Asia-Pacific.
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Both companies have combined their respective skills to offer the Asia-Pacific market a value-adding MRO service solution of Hutchinson products in Singapore. From now on, operators can benefit from extensive capabilities including engine and APU vibration isolation systems, engine component repairs, cabin interior and composite and structural repairs.
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AAR was awarded a two-year contract with two option years by the Norwegian Defence Logistics to provide commercial common parts for the Royal Norwegian Air Force P-8A aircraft fleet of five aircraft.
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Under the terms of this contract, AAR will provide the initial provisioning requirements and ongoing re-provisioning demands for B-737 NG-series aircraft commercial common parts, including both consumables and repairables and deliver ground support for aircraft. AAR will assist with spares forecasting and material planning and will manage the inspection, maintenance, repair, overhaul, modification, and upgrade of repairable parts.
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LCI, a leading aviation company and a subsidiary of the Libra Group, has announced an order for up to six H175 super-medium helicopters from Airbus, valued at over US$125 million.
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The order is for two confirmed aircraft with the first H175 set to be delivered to LCI in late 2023. The agreement provides for a further four options and builds upon LCI’s previous order for new H175s.
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Jaspal Jandu, CEO of LCI, says: “The Airbus H175 is a versatile, multi-purpose helicopter and this order will help to maintain the breadth of LCI’s product offering. This latest chapter in our partnership is an important element of LCI’s long-term growth strategy and demonstrates our confidence in the helicopter leasing market.”
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Swiss AviationSoftware has announced the successful cut-over to AMOS M&E system at Lufthansa German Airlines and Lufthansa Cargo.
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The “big-bang” go-live took place on May 14th and 15th and marked the ultimate finalisation of an implementation unique in Swiss-AS history in terms of size and complexity: 3.500 users, 150 new processes, a multitude of individual legacy IT systems being replaced and close to 300 aircraft ranging over seven aircraft-types including the Airbus A320s with up to 30 years of history.
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Both airlines have fully adopted AMOS for their whole active fleets in a multi-CAMO setup – two completely separated CAMOs (LHA + LCAG) plus one SCAMT service provider working in one AMOS environment – all approved by the German aviation authority.
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The global pandemic had a significant impact on the AMOS implementation as all projects at Lufthansa had been put on hold in 2020. Fortunately, the airlines’ management then decided to continue the AMOS rollout as one of few strategic projects: “AMOS Restart” was born and came with an adjusted scope and limited manpower. Nevertheless, the project team managed to bring the project back to speed and successfully completed it. The airline embraced the opportunity to emerge stronger and more resilient from the crisis.
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Avolon, the international aircraft leasing company, has released that its Chief Executive Officer (CEO), Dómhnal Slattery, has informed the Board of his intention to step down from his executive role and from the Board in 2022. Avolon’s Board has unanimously appointed Andy Cronin, Avolon’s President & Chief Financial Officer (CFO), to the role of CEO Designate. In addition, Paul Geaney, Avolon’s Chief Commercial Officer (CCO) is appointed to the role of President & CCO with immediate effect.
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Slattery is Avolon’s founding CEO and has overseen the growth of the business from the largest private equity backed start-up globally in 2010 to becoming the world's second largest aircraft lessor with a balance sheet in excess of US$30 billion. Having served for 12 years and built a business with a market leading team and franchise, he has elected to step down from his executive role and will now pursue a range of other interests in a non-executive capacity. He will work closely with new CEO Cronin over the coming months, to ensure an effective transition of leadership.
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CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has delivered one Boeing 737-800 aircraft to Corendon Airlines Europe (Corendon), a Corendon Airlines charter subsidiary based in Malta.
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“We are very pleased that the Corendon team have put their faith in CDB Aviation to secure the lease of this 737-800 aircraft, which will provide additional capacity throughout Corendon’s network in anticipation of the ramp-up in passenger travel during this summer season,” stated Paul Boyle, CDB Aviation’s Head of Europe, the Middle East & Africa.
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