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Monday, January 14th, 2019
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LATEST NEWS
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Frankfurt
Airport, Germany’s largest, is set to become the next victim of a round of
strikes organised by ver.di, the country’s second-largest union after IG
Metall, which has over two million members and which represents 23,000 airport
security workers. The union has organised a swathe of strikes that have hit
airports across Germany, including Düsseldorf, Cologne-Bonn and Stuttgart. The
action is being taken in support of a current wage demand being made for all
workers conducting security checks at airports across the country for a minimum
basic hourly rate of €20.00 (US23.10). According to BDLS, who is acting on
behalf of employers, this increase in pay amounts to an approximate 30% raise
for some workers and instead is trying to negotiate a more realistic offer of a
raise in pay of between 2% and 6.4%.
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Ver.di. is calling for industrial action at Frankfurt to commence at 2 a.m. local time Tuesday morning and to end at 8 p.m. that same day (0100 – 1900 GMT). Ver.di has also confirmed it cannot rule out further industrial action at other airports. Last Thursday Düsseldorf -- the country's third-largest airport -- saw 370 of its 580 planned departures canceled. In Stuttgart, 142 of the 270 take-offs and landings were canceled, while in Düsseldorf as many as 350 out of 570 were canceled. In Berlin, slightly over 90 at both airports were canceled. At Cologne-Bonn, 131 of almost 200 flights were cancelled. In total approximately 110,000 passengers were affected by industrial action at German airports on Thursday.
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Aircraft
maintenance provider Bournemouth Aviation Services has transformed the
efficiency of its operations thanks to its new management system, Centrik.
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Handling
all maintenance and repair of Pilatus PC-12 aircraft for parent company Jetfly,
Bournemouth Aviation Services turned to Centrik at the start of 2018 to
streamline its operational procedures, adding a more structured, centralised
way of tracking and evidencing all MRO processes.
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ICAO and EASA-compliant, Centrik provides Bournemouth Aviation Services with a way to replace its reliance on paper trails and various separate computer programmes, in favour of a fully-integrated solution capable of managing every operational element. Centrik’s cloud-based architecture puts a complete operational picture at the finger-tips of those who need it, from wherever they are. All information is stored on Centrik’s own, ultra-secure datacentres and is instantly accessible via any browser or tablet. The system is completely portable and can be used even when offline.
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Based
on a modular system, Centrik can also provide full management of safety, risk,
workflows and meetings, as well as compliance and training, which can build a
comprehensive overview of all findings, providing visible heatmaps and KPIs
that quickly and easily demonstrate how all regulatory compliance requirements
are being met.
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Centrik
will also monitor the training records of every staff member, providing full
oversight of all training activity, highlighting when training currency may be
about to expire and providing a way to effortlessly create a tailored course,
all within the system.
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As part of its growth strategy, Finnair will open a new route for the winter 2019/2020 season to Sapporo, Japan. Finnair will fly the new route from Dec 15 to March 27, with two weekly frequencies.
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Sapporo is well known as a great winter and skiing destination offering stunning landscapes and fantastic winter-themed activities in a traditional Japanese setting. Sapporo will be Finnair’s fifth destination in Japan, in addition to Tokyo Narita, Osaka, Nagoya and Fukuoka.
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Finnair will also be opening a new weekly flight to Punta Cana in the Dominican Republic. The flight to Punta Cana will be operated with an Airbus A350 aircraft once a week between December 13 and March 27.
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On behalf of AeroCentury Corp, Skyworld Aviation has sold one Dash 8 Q400 to Magellan Aviation Services. Skyworld was exclusively mandated to market serial number 4021 after its return from lease with LAM Mozambique. This sale comes after the placement of its sister ship, serial number 4019, to Voyageur AvParts.
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MTU Aero Engines' technology is in each and every geared turbofan (GTF) engine produced for the Airbus A320neo. Its Polish subsidiary, MTU Aero Engines Polska, started to assemble the first low-pressure turbine for the geared turbofan model PW1100G-JM about three and a half years ago. At the end of the year 2018, the MTU site in Poland completed the 1000th module and delivered it to Pratt & Whitney. For MTU, this marks another milestone in the production ramp-up of this game-changing engine program at its site in Rzeszów.
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Pratt & Whitney GTF
engines are already in service on more than 350 aircraft and with 32
airlines. As things stand, more than 80 airlines around the world have
ordered thousands of the GTF propulsion systems. In all, there are five
applications for Pratt & Whitney’s GTF engine family: it powers the
A320neo by Airbus, and it is the sole engine choice, for the A220
(formerly known as the Bombardier C Series), the MRJ from Mitsubishi,
the new E170-E2 and E190-E2 E-Jet families from Embraer; and the MC-21
from Russian aircraft manufacturer Irkut.
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MTU Aero Engines Polska has made a key contribution to the ramp-up of the eco-efficient GTF engine since 2015 by assembling the low-pressure turbines. The site in Poland also designs and produces components and airfoils for low pressure turbines. In addition to GTF engines, these parts are also used for the Airbus A320 and A380, the Boeing 787 Dreamliner and 777X, and for business jets such as Cessna and Gulfstream. The company also assembles the low-pressure turbines for various engines, as well as turbine center frames. The LM6000 series by General Electric is another of its fields of expertise.
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BOC Aviation has reported its operational update for the fourth quarter and year ended 31 December 2018.
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Commenting on the operating results, Robert Martin,
Managing Director and Chief Executive Officer, said “BOC Aviation celebrated
its 25th year anniversary in 2018, which was another year of strong
operational performance. We took delivery of 55 aircraft, including our first
Boeing 737 MAX family aircraft and Airbus A321NEO aircraft. During the year, we
added another 65 aircraft to our pipeline and grew our orderbook to 183,
setting the foundation for future revenue growth.”
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- A total fleet of 511 aircraft owned, managed and on order
- An average aircraft age of 3.0 years and an average remaining lease term of 8.3 years for the 303 owned aircraft fleet, weighted by net book value
- Order book of 183 aircraft
- Took delivery of 19 aircraft in the fourth quarter of 2018, and 55 (including five acquired by airline customers on delivery) in 2018
- Signed 27 lease commitments in the fourth quarter of 2018, bringing the total for 2018 to 92
- Customer base of 93 airlines in 37 countries and regions in the owned and managed portfolios
- Sold seven owned aircraft in the fourth quarter of 2018, including one aircraft subject to finance lease, which brought the total number of owned aircraft sold during the year to 34. Additionally, seven managed aircraft were sold in 2018 on behalf of third party investors
- Managed fleet comprised 25 aircraft
- Aircraft utilisation at 99.9% for the year ended 31 December 2018
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A consortium comprising Virgin Atlantic,
the infrastructure Stobart Group and investment firm Cyrus has agreed to buy
ailing U.K. regional carrier Flybe for 1p per share against a closing price of
16.4p per share, representing an equity value of £2.2 million compared to
Thursday’s closing market capitalization of £26 million.
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The new consortium will be called Connect
Airways and Flybe will now adopt the Virgin Atlantic brand. The deal will see
an initial £20 million bridging loan provided to ensure the continued smooth
operating of the company, followed by a further investment of £80 million.
Currently, Flybe has debts of £99 million. The carrier is the U.K.’s largest
regional airline, operating 55% of its domestic flights outside of London.
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Connect Airways will be 40 per cent owned
by DLP Holdings, which belongs to funds managed by Cyrus; 30 per cent by
Stobart Aviation; and 30 per cent by Virgin Travel Group, part of Virgin
Atlantic. Connect Airways will also acquire Stobart Air, the group’s regional
airline and aircraft leasing business. According to the new consortium,
combining Flybe and Stobart with Virgin would “create a fully-fledged UK
network carrier under the Virgin Atlantic brand”, with an “enhanced presence”
at Heathrow and Manchester airports.
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In the takeover announcement, the consortium
advised credit-card businesses had been keeping cash from future Flybe bookings
for their own security instead of passing it on, “and this change in position
has materially and rapidly weakened the company’s unrestricted cash position.”
(£1.00 = US$1.27 at time of publication.)
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Regional aircraft leasing specialist TrueNoord has acquired two Embraer E195s on lease to Azul Linhas Aéreas Brasileiras S.A.
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Financing was provided under TrueNoord’s recent term
loan warehouse facility supported by Morgan Stanley, NORD/LB Norddeutsche
Landesbank and Barclays. Legal services were provided by Hogan Lovells and
Stek.
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The aircraft were purchased with leases
attached from CCB Financial Leasing Corporation Ltd. “CCB Leasing is very
pleased to have taken a further step into the optimization of our lease
portfolio, widening our business relationship with the global aircraft leasing
industry. We enjoyed dealing in this swift and successful transaction with
Truenoord” added Jim Liu, Managing Director of CCB Leasing (International)
Corporation DAC registered in Dublin, Ireland.
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The Government of Brazil has approved the strategic partnership between Embraer and Boeing, that will position both companies to accelerate growth in global aerospace markets.
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The government’s approval comes after the two companies last month approved terms for the joint venture that will be made up of the commercial aircraft and services operations of Embraer. Boeing will hold an 80% ownership stake in the new company and Embraer will hold the remaining 20%.
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The companies have also agreed to the terms of another joint venture to promote and develop new markets for the multi-mission medium airlift KC-390. Under the terms of this proposed partnership, Embraer will own a 51% stake in the joint venture, with Boeing owning the remaining 49%.
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Once Embraer's Board of
Directors ratifies its prior approval, the two companies will then execute
definitive transaction documents. The closing of the transaction will be
subject to shareholder and regulatory approvals and customary closing
conditions. Assuming the approvals are received in a timely manner, the
transaction is intended to close by the end of 2019.
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Vallair, the mature aircraft and engine asset specialist, has closed the sale of a V2500-A5 engine to Sojitz Aerospace. The engine was previously flying on MSN974, an Airbus A321 which Vallair purchased from Aercap and leased to Onur Air. The run-out engine will now be dismantled for Sojitz Aerospace. Vallair continue to lease the airframe only to Onur Air.
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The engine was
delivered to Sojitz Aerospace in December and forms part of an ongoing
partnership which has seen Vallair sell three engines for disassembly into the
Sojitz Aerospace parts pool with more in the pipeline for 2019.
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The V2500 engine type
is installed on half of Vallair’s A321 fleet, and unserviceable or run-out
engines currently transition to third party shops for repair to support the
fleet ongoing, or get sold for tear down.
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UPCOMING EVENTS
February 19 - 20, 2019 – Palma de Majorca, Spain
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