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Wednesday, July 18th, 2018
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LATEST NEWS
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Air Nostrum and CityJet have signed a Heads of Terms with the aim to bring about closer co-operation between the two airlines under the umbrella of a new holding company. Such a development will be subject to obtaining the requisite regulatory approvals and the preparation of the relevant filings has begun.
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The coming together of these two regional airlines would see the creation of the largest pan-European regional airline group. Air Nostrum, who employs 1,450 people, is especially well known as the Regional Operator for Iberia under a longstanding franchise agreement flying to more than 60 destinations within Europe and Africa, with a fleet of 50 aircraft, including 30 Bombardier CRJ1000 regional jets. Air Nostrum is also active on wet lease services for customers across Europe, including Lufthansa, SAS, Binter or Croatian Airlines.
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CityJet employs 1,250 people across 9 European countries and operates an extensive regional network of services under wet lease contracts with Air France, Brussels Airlines and SAS with a fleet of over 40 aircraft based in nine locations across Europe. This fleet includes 22 new Bombardier CRJ900 regional jets acquired specifically for wet lease services. The two airlines are coincidentally of very similar age, having been founded in 1993 (CityJet) and 1994 (Air Nostrum), both now being close to their 25th year of operation.
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It is this combined span of experience that gives Air Nostrum and CityJet the enthusiasm and energy to move forward to consolidate their respective reservoirs of specialist knowledge and skilled resources into a single group pool of considerable depth.
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The consolidated annual gross revenue of Air Nostrum and CityJet would be circa €700 million, derived from a balanced and well spread portfolio of wet lease and franchise contracts throughout Europe. This makes for a very solid financial base in which prospective contracting airlines can have confidence in terms of the proposed new regional airline group’s capacity to deliver exceptional service on optimal economic terms.
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South Africa’s private domestic airline operator, JSE-listed Comair Limited, has signed an eight-year Rate Per Flight Hour (RPFH) agreement to support is fleet of 16 CFM56-7B engines. The agreement is valued at $160 million U.S. at list price. RPFH agreements are part of CFM Services flexible support offering. Under the terms of the agreement, CFM will support the fleet on a dollar per flight hour basis.
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STARLUX and CFM International concluded a long-term service agreement to support the airline’s fleet of leased Airbus A321neo aircraft powered by the advanced LEAP-1A engine. The agreement, which includes the purchase of one spare engine, is valued at $220 million U.S. Under the terms of the 12-year Rate per Flight Hour (RPFH) agreement, CFM Services provides maintenance on a dollar per flight hour basis for all LEAP-1A engines powering STARLUX’s fleet of 10 A321neo aircraft. RPFH agreements are part of CFM’s portfolio of flexible aftermarket support offerings.
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Zhejiang Loong Airlines signed a long-term Rate Per Flight Hour agreement with CFM International to support its fleet of LEAP-1A and CFM56-5B engines. The agreement is valued at $500 million U.S. at list price. Under the terms of the 12-year agreement, CFM will guarantee the maintenance costs of the airlines leased fleet of 24 LEAP-1A and 11 CFM56-5B engines on a dollar per engine flight hour basis.
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CFM International and Aviation Capital Group (ACG) have announced the selection of LEAP-1A engines to power 10 firm Airbus A320neo family aircraft. ACG has also secured the option to purchase 18 additional LEAP-1A engine shipsets to power Airbus A320neo family aircraft. This firm engine order is valued at US$300 million U.S. at list price.
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CFM International and Aviation Capital Group (ACG) have also sgined an order for LEAP-1B engines to power 20 additional Boeing 737 MAX aircraft. CFM values the order at U.S. US$528 million at list price.
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FLYdocs, the aviation data and records management software provider and global industry leader in managing the lease transfer of aircraft and assets, released that CDB Aviation Lease Finance DAC (CDB Aviation), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., has selected FLYdocs to provide the software and technical services to manage its commercial fleet.
Following a comprehensive RFP process late in 2017, the FLYdocs platform was selected to underpin and streamline CDB Aviation’s asset management function, along with supporting technical services from FLYdocs’ aviation experts to assist in the data migration and records build for an initial 100 aircraft. The complete fleet will eventually be managed within the platform, with the first fully digital aircraft transition enabled by the FLYdocs platform due in Autumn 2018.
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Embraer and Mauritania Airlines announced at the Farnborough Airshow, a firm order for two E175 jets. The contract has a value of US$ 93.8 million, based on current list prices, and will be included in Embraer’s 2018 third-quarter backlog. Mauritania Airlines will configure both aircraft with 76 seats in a comfortable dual class layout. Deliveries will take place in 2019.
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Zurich based Helvetic Airways has signed a Letter of Intent (LoI) for 12 E190-E2 aircraft and purchase rights for a further 12, with conversion rights to the E195-E2. If all purchase rights are exercised, the deal has a list price of US$ 1.5 billion. The order will be included in Embraer’s backlog as soon as it becomes firm, which will happen in the coming months. The first 12 E190-E2 aircraft will begin replacing Helvetic’s five Fokker 100s and seven E190s, starting in late 2019 and completing in autumn 2021. The purchase options for a further 12 aircraft (E190-E2 or E195-E2) will enable Helvetic Airways to grow according to market opportunities.
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In a deal that will see the Middle East’s first E2 operator, Embraer has signed a firm order for 10 E195-E2 aircraft with Kuwaiti airline, Wataniya Airways. The firm order will be included in Embraer’s 2018 third-quarter backlog. The contract also includes 10 purchase rights for the same model, bringing the total potential order to up to 20 aircraft. The order has an estimated value of US$ 1.3 billion, at current list price, with all the purchase rights being confirmed. The deliveries will start in 2020.
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Embraer and Republic Airways have signed a Letter of Intent (LoI) for a firm order of 100 E175, with the right to convert to E175-E2 aircraft, and purchase rights for an additional 100 E175 aircraft. If all purchase rights are exercised, the contract has a value of up to US$ 9.3 billion based on current list prices. This order will be included in Embraer’s backlog as soon as it becomes firm, later this year.
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Embraer and Azul Linhas Aéreas Brasileiras S.A. have signed a Letter of Intent for a firm order of 21 E195-E2 jets. This contract has a value of US$ 1.4 billion. This order is additional to an order for 30 E195-E2 jets signed by the airline in 2015, which will raise Azul's total order to 51 Embraer E2 aircraft. Azul is the launch operator of the E195-E2 and will receive the first aircraft in 2019.
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Embraer has signed a Letter of Intent (LoI) with an undisclosed customer from Spain, for up to five E195-E2 jets - three firm orders and two options. If all options are taken, the deal has a list price of US$ 342 million.
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Airbus continued its momentum during the Farnborough Airshow’s second day, announcing orders, commitments and agreements for single-aisle and widebody jetliners that reached the triple-digits
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New business revealed at the week-long UK aerospace gathering included another key endorsement for the A220 Family of jetliners, which has joined Airbus’ single-aisle commercial aircraft portfolio. This endorsement came with a future U.S. airline start-up’s commitment for 60 Airbus A220-300 versions, for deliveries beginning in 2021. The A220-300 is the A220 Family’s longer-fuselage member, and will be used by the new airline that is backed by a group of experienced investors led by David Neeleman – the founder of JetBlue, investor in TAP in Portugal and controlling shareholder in Brazil’s Azul airlines.
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In another announcement at the Farnborough Airshow, Airbus’ best-selling A320neo Family of single-aisle aircraft once again demonstrated its market leadership with a Memorandum of Understanding involving 25 A321neo and 75 A320neo aircraft for an undisclosed customer.
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Also in the spotlight was Peach Aviation’s decision to convert an existing order for two A320neo aircraft to the A321LR version – positioning this Osaka, Japan-based low-cost carrier to become Asia’s first operator of the A320neo Family’s long-range variant. The A321LR will enable Peach Aviation to open new routes from Japan to destinations at up to nine hours of flying time.
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GKN Aerospace and Rolls-Royce have formalized an agreement for the manufacturing of inner core fairings for the Rolls-Royce Trent 1000 and 84,000lb-thrust Trent XWB engine programs through 2026.
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The US$ multi-million, 10-year program contract is another milestone in a long-term business relationship between GKN and Rolls-Royce that currently includes the company providing exotic metals and advanced complex structures for Trent engines.
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The contract will be fulfilled at the GKN Aerospace facility in Santa Ana, California, which also produces engine fairings, metallic honeycomb structures used in exhaust systems and shrouds for major commercial and military programs.
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Aeronautical Engineers (AEI) has signed a contract to provide Mexico-based Aeronaves T.S.M. (TSM) with four additional CRJ200 SF freighter conversions. The first CRJ200 of this order will commence in September, with redelivery scheduled for January 2019. The second, third and fourth aircraft will commence in March, July, and December of 2019 respectively. Commercial Jet’s Dothan, Alabama facility will perform the modification touch labor for all four conversions.
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Upon completion and delivery, TSM will operate a total of 8 AEI CRJ200 SF freighters. TSM’s plans call for at least doubling its fleet of CRJ200 SF freighters in the coming years.
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GECAS and Boeing have reached an agreement for 35 additional 737-800 Boeing Converted Freighters at the 2018 Farnborough International Airshow.
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The deal, which includes 20 firm orders and an option for 15 more, would take GECAS’ 737-800BCF order book from 15 to 50 and enable GECAS to serve the growing express air cargo market. The commercial aircraft leasing and financing arm of General Electric is the launch customer of the new 737-800BCF.
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It took delivery of the first converted jet in April and leased it to a Swedish cargo carrier. This agreement, which is subject to GECAS board approval, would take the total commitments for the 737-800BCF program to 80 from more than half a dozen customers.
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Volga-Dnepr Group and CargoLogicHolding have signed a Letter of Intent with GE Aviation for 29 GE90-115B-powered Boeing 777 Freighters and five GEnx-2B-powered Boeing 747-8 Freighters. The engine order is valued at more than US$2.5 billion list price.
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LEVEL, International Airlines Group's (IAG) low-cost long-haul airline, has placed an order for CF6-80E engines with GE Aviation to power its two new Airbus A330 aircraft and signed a 10-year TrueChoice Flight Hour agreement for the maintenance, repair and overhaul of the engines. The engine order and TrueChoice agreement are valued at more than $170 million (USD) list price and over the life of the service agreement.
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Nordic Aviation Capital (NAC), a global leader in regional aircraft leasing, and GE Aviation have signed a memorandum of understanding for a ten-year TrueChoiceTM Flight Hour agreement for its CF34-10E engines fleet. Under the agreement, NAC will offer GE Aviation-provided maintenance, repair and overhaul services to its CF34-10E lessees.
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Boeing has awarded GE Aviation a contract for avionics systems on the AH-64 Apache. The contract includes hardware delivery of the pylon interface unit, load maintenance panel and maintenance data recorders for the AH-64. Deliveries take place May 2018 through December 2022.
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GE Aviation's advanced avionics systems provides a high performance, networked, data acquisition system to support the download, monitoring and analysis of data and will be the primary interface between the aircraft and the electronics for the AH-64 groundcrew.
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Colin James, Airbus Helicopters’ UK Managing Director, formally handed over the latest Empire Test Pilot School (ETPS) H125 helicopter to Nic Anderson, Managing Director Air and Space, Qinetiq. Under the current modernisation programme, the world-renown test pilot flight school will receive four H125s, which will make up ETPS’ new generation, single-engine helicopter fleet. Minister of State for Defence Earl Howe visited the aircraft as part of the handover and met both Airbus Helicopters and Qinetiq to show his support for the latest addition to the ETPS fleet.
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All four ETPS H125 will be delivered following complex customisation by Airbus Helicopters’ UK design team, which equips the aircraft with, among other things, a 3-axis autopilot, dedicated communications equipment and a traffic awareness system. In addition, the aircraft will be equipped with a Flight Test Instrumentation suite which, similar to Formula 1 telemetry data, transmits data to the ETPS base at Boscombe Down in real time allowing students, both in practical and class-based environments, to test and evaluate aircraft design and performance.
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Rotorcraft turbine manufacturer, Safran Helicopter Engines (SHE), has awarded a global OEM and MRO parts support contract to Pattonair until 2025.
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Incumbent supplier, Pattonair, won the competitively bid contract to support 16 Safran sites globally and deliver over 6,000 C class parts to 180 locations worldwide through to 2025. The contract also encompasses a combination of product cost improvement projects to be driven forward by Pattonair and jointly with SHE.
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Pattonair is a SHE Gold Supplier, which recognises those suppliers who can guarantee the best performance and provide a real return on long-term investment.
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Pattonair has consistently delivered a high-level service to exacting quality standards and consistently improved its service offering since first supporting SHE in 2007, supplying 1,200 parts. In 2010, Pattonair achieved EASA Form 1 delegation, demonstrating SHE’s confidence in Pattonair.
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In 2015, SHE renewed Pattonair’s contract during which it innovated with the introduction of value added services such as kitting solutions to increase efficiency on SHE production lines.
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Pattonair supports Safran Group Companies including Safran Aircraft Engines, Safran Transmissions, Safran Landing Systems and others.
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