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Monday, October 22nd, 2018
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LATEST NEWS
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Only two months after taking over the helm as CEO of Air France-KLM, Ben Smith and the management of Air France have announced that they have reached a deal with most unions that is hoped will see an end to costly strikes which, this year, cost the carrier US$385 million.
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While five unions, representing 76.4% of company personnel have accepted the accord which offers a 4% pay raise, 2% backdated to January 1, 2018 and another 2% in January 2019, it is understood that SNPL, the main French pilots’ union is holding out for better terms. Unions had been demanding a 5.1% raise in pay, backdated to the 2012-2017 period. However, Air France confirmed that the present agreement is “considered valid and will be implemented.”
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Farid Slimai, a spokesman for the Unsa-Sol union which represents ground personnel, said the unions finally accepted management's offer as an "act of confidence aimed at Ben Smith" and to help the airline "move on and look to the future."
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Smith thanked the various parties "for the quality of our discussions over the past few weeks," saying in addition that: "This way of working between all parties provides Air France and the Air France-KLM Group with a new perspective going forward, and it is my hope that it will ensure the future success of our airlines."
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GA Telesis has closed a large inventory lease comprised of rotable spare parts for LATAM Airlines in support of its 777-300ER operations that was tailored to provide maximum operational flexibility for the airline.
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Commencing its first inventory financing in 2008, GA Telesis has emerged as a world-leader in inventory financing of leased assets with over 30 major airline operators on six continents. Inventory leasing has grown in relevance with airlines as new technology aircraft are delivered by the airframe manufacturers. This proprietary leasing program provides operators, MROs, and other aviation asset investors increased flexibility in managing their capital investment and facilitate greater focus on their core operations.
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Over the next three years, GA Telesis has budgeted up to US$1 billion for asset financing in various structures to meet its customers’ needs for innovative financing solutions.
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The transaction was financed jointly with GA Telesis’ shareholder, Tokyo Century Corporation, under undisclosed terms.
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Ryanair has published its first half financial year 2019 results (PAT), reporting a 7% fall in profits to €1.20 billion (excl. Laudamotion losses). Higher fuel, staff and EU261 costs have offset strong ancillary revenue growth of 8%. Average fares declined 3% due to excess capacity in Europe, an earlier Easter in Q1, repeated ATC strikes/staff shortages which caused a spike in cancellations of higher fare, weekend flights.
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Full year 2019 PAT is guided in a range of €1.10 billion to €1.20 billion (excl. Laudamotion). Following a 3% reduction in first half fares, Ryanair expects fares to fall by c.2% in the second half due to weaker than expected forward fares in the third quarter (particularly the October school mid-term and Christmas) and the absence of Easter in the fourth quarter. A 1% reduction in winter capacity means that full year 2019 traffic will grow by 6% to 138 million (141m incl. Laudamotion). The fuel bill will be approx. €460 million higher than last year and “Other Costs” will be negatively impacted by higher EU261 costs.
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Ancillaries are expected to continue to perform strongly although the second half figures will be adversely impacted by timing differences on the recognition of certain fees arising from the adoption of IFRS 15 (positive impact in the first half). This guidance excludes (exceptional) start-up losses in Laudamotion of approx. €150 million (which are and will be consolidated in the Ryanair Group full year financial results).
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Boeing has delivered the first 787-9 Dreamliner for Shanghai-based Juneyao Airlines. The new, super-efficient Dreamliner will also be the first widebody commercial jet operated by a privately-held Chinese airline.
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Juneyao Airlines, previously an all-Airbus operator, mainly offers flights from Shanghai to more than 50 cities across China. In introducing the long-range 787 Dreamliner, the carrier is looking to expand its international network and increase flights to Southeast Asia, Japan and Korea.
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To ensure a smooth introduction of the Dreamliner, Juneyao Airlines will use Boeing Global Services' pilot training. The airline will also employ electronic flight bag in the flight deck to improve operational efficiency. On other aircraft, Juneyao uses Boeing's tailored charting services and flight planning solutions.
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STS Component Solutions partners with Curtiss-Wright’s Sensors & Controls division to add their line of commercial solutions for airlines, business aviation, and rotorcraft to its expanding OEM Distribution portfolio. The products manufactured by Curtiss-Wright include position sensors, rotary and linear actuators, solenoids and valves.
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“Our agreement with STS Component Solutions allows us to offer our commercial aviation solutions to the aftermarket quickly and effectively,” said Graham Macdonald, Senior Vice President and General Manager, Sensors & Controls division. “We are confident the STS Component Solutions team will deliver superior distribution to our customers around the globe.”
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CTT SYSTEMS AB (CTT), a leader of aircraft humidity control systems, has been awarded a Cair™ VIP Inflight Humidification (IFH) order from Comlux Completion to be fitted one Airbus ACJ320neo. This award is CTT Systems’ 92nd IFH order for Airbus ACJ and Boeing BBJ VIP aircraft.
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“Delighted to cooperate with Comlux again in another prestigious completion,” says Peter Landquist, Vice President Sales & Marketing of CTT Systems.
“Humidification is one of the most important features in engineering luxury and comfort for our most prestigious completion clients,” stated Scott Meyer, CEO Comlux Completion. Meyer continued, “CTT Systems is a trusted supplier and its Cair™ VIP Inflight Humidification has proven to be a very reliable and efficient system”.
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The CTT VIP Inflight Humidification (IFH) system achieves a comfortable level of 22 % relative humidity throughout the entire aircraft cabin. Without such system the relative humidity is only 3-5 %, far below the recommended level for human comfort, health and well-being. VIP passengers will, on long-haul flights, benefit from the increase in humidity with reduction of dry air related problems (e.g. fatigue, jet-lag, red eyes, dry skin, spread of virus diseases), but also from improved well-being and sleep. The CTT IFH system utilizes evaporative cooling technology that effectively precludes the transfer of bacteria and improves air quality by reducing particles in the cabin air. The system also offers total anti-condensation protection.
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AerFin and NORDAM have announced an expanded strategic-services agreement to include consignment, exchange and lease-management of spare nacelles for V2500-A5 and CFM56-5B engines used on Airbus A320 aircraft belonging to A320-series operators in Europe.
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Under the agreement, NORDAM airline customers may access AerFin-owned components and related operational support from its main rotable-distribution base near Gatwick Airport in London. The spares allow aircraft to remain in service while NORDAM repairs their thrust reversers and nacelles, preventing potentially costly ‘aircraft-on-ground’ downtime during maintenance.
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"By furthering our cooperation with AerFin, we’re controlling inventory costs and improving access to flight-ready, certified components and assemblies," said T. Hastings Siegfried, Chief Operating Officer for NORDAM’s global repair and MRO group. "This geographically strategic arrangement underscores the NORDAM commitment to deliver consistently outstanding service and value to our customers, anywhere in the world."
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Pentagon 2000 Software, Inc., the leading provider of fully-integrated MRO and supply chain software solutions for the Aerospace & Defense industry, has released an enhanced Leasing Contracts Manager module that delivers advanced capabilities for contract management of engines and complex assemblies. Functionality for supply chain logistics, accounting and financials, and contract terms management are included and tightly integrated along with standard forms and reports for seamless end-to-end workflow.
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The Pentagon 2000SQL™ Leasing Contracts Manager supports a wide variety of time-control and cycle parameters to support contract management and customer billing. In addition to simple contract billing based on calendar periods, usage may be managed and billed based on hours, cycles, landings, and advanced formulated calculations. This enhanced add-on module compliments a full set of other contract management modules that support buy/sell contracts, repair contracts, exchange contracts, and import/export contracts.
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In today’s increasingly competitive environment, operators are demanding the flexibility to obtain parts and components under a variety of flexible terms. By providing leasing contracts with fixed or variable power-by-the-hour billing terms, strategic suppliers are able to respond to the rapidly expanding needs of aircraft operators and gain competitive advantage over other brokers, distributors and parts traders.
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Benefits of the Leasing Contracts Manager module to Pentagon 2000SQL™ customers include increased contract revenues, reduced operating costs, and improved customer service.
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Sierra Completions has been select by Sine Draco for engineering design of its A321 passenger-to-freighter converted aircraft (A321-200 SDF). Sine Draco is an aviation development company, with locations in the USA and China. It focuses on developing, managing and executing large-scale aviation projects, including aircraft design, modification, certification and investment management.
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The A321-200 SDF aircraft design offers an economic solution for customers with an upper deck loading capability of 14 (88x125 or 88x108) unit load devices (ULDs) and 10 LD3-45 ULDs for the lower deck.
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Sierra Completions serves private sector, VVIP and head-of-state clientele by modifying transport-category aircraft for interior and mission requirements. Featuring world-class engineering and design, Sierra Completions applies the cutting-edge systems, technology, schedule performance and integration excellence for which its parent company, Sierra Nevada Corporation, has been recognized for 50 years, to deliver innovative, customer-focused solutions in the aircraft completions and modification sector.
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During the third quarter of 2018, Embraer has delivered 15 jets to the commercial aviation market and 24 business jets, being 17 light jets and 7 large jets. On September 30, Embraer’s firm order backlog totaled US%13.6 billion.
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Regarding the commercial aviation market, Embraer forecasted in its Market Outlook a demand for 10,550 new aircraft with up to 150 seats worldwide over the next 20 years,. The in-service fleet is set to increase to 16,000 aircraft, up from the 9,000 aircraft currently in operation. Market growth will drive 65% of this demand, while the remaining 35% of the projected demand will be to replace ageing aircraft.
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Jet Aviation has grown its global aircraft management fleet by 28 aircraft this year, including 15 in the U.S. and 13 in the EMEA and Asia regions.
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Of the 15 new managed aircraft in the U.S., eight are available for charter and include a Gulfstream G650 ER and a GV; a Falcon 2000 and a Falcon 900; a Bombardier Global 6000 and a Challenger 300; a Cessna Citation X; and a Sikorsky S-76D helicopter.
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Three of the 13 new aircraft additions to the EMEA & Asia management fleet are based in Europe, eight in the Middle East and Africa, and two in Asia.
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Jet Aviation operates its global aircraft management and charter fleet out of its nine global operations centers located in Burbank, CA; Chicago, IL; Teterboro, NJ; Valletta, Malta; Cologne, Germany; Zurich, Switzerland; Dubai, United Arab Emirates; Hong Kong; and Singapore.
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UPCOMING EVENTS
November 6 - 8, 2018 – Singapore
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