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Thursday, January 31st, 2019
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A group of significant players in the aviation industry are cooperating to form a new alliance in the field of aircraft modification. As leading companies in the retrofit industry, EAD Aerospace, Envoy Aerospace, Etihad Airways Engineering and Lufthansa Technik have signed a Memorandum of Understanding (MoU) to form the Independent Aircraft Modifier Alliance (IAMA).
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IAMA aims to encourage aircraft owners and operators to modify and modernise their fleets through high quality equipment and rigorous inspections, irrespective of which IAMA members provide the engineering services.
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Aircraft modifications, such as the installation of newcabins, connectivity solutions or avionics systems can be approved anddocumented through a Supplemental Type Certificate (STC) offered by providers such as the IAMA members. The alliance addresses customer concerns with regard
to documentation, data availability and a worldwide customer support network across different regulatory systems with various national authorities.
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The main objectives of the Independent Aircraft Modifier Alliance are to agree to common standards for the documentation and quality of Supplemental Type Certificates, to establish an open, secure documentation platform for airline customers and aircraft owners using STCs, and to inform the relevant public and expert communities about the advantages of STC approved
solutions.
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The Lufthansa Innovation Hub (LIH) opened its first foreign office in Singapore on Monday, 28thof January.
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The expansion of the aviation group’s digitalization and innovation unit, established in 2014, is a strategic response to the rapidly increasing importance of the Asian technology sector for the future of travel and mobility.
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The focus of the LIH Singapore will initially be on an in-depth exploration of specific market developments in the context of the digitalization of travel and mobility, as well as on establishing a
network of relevant tech players and the first strategic partners on site. This is the first initiative of its kind by a Western airline on the Asian continent. A first alliance with INSEAD has already been
launched and further collaborations are currently explored with established players in the market:
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The LIH and INSEAD in Singapore, one of the world's leading business schools, have concluded a
research alliance on the topic "The Future of Work" and its explicit relevance for the transformation of business travel. The research project is led by Trend & Market Intelligence specialists of LIH in
Singapore and Berlin. The aim is to publish key findings in a whitepaper and to implement them a test project, which will be validated in conjunction with the Lufthansa Group.
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GKN Fokker has signed an agreement with Pratt & Whitney for the initial production of advanced composite parts for the F135 engine, which powers the fifth generation F-35 Lightning II fighter aircraft. Manufacturing will take place at GKN Fokker in Hoogeveen, the Netherlands.
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This contract expands GKN Aerospace’s involvement in the F135 program and reinforces the company’s role as a long-term supplier of engine components for Pratt & Whitney.
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GKN Aerospace also manufactures wiring systems and covered engine components for the F135. The wiring systems are manufactured in the Netherlands, and the covered engine components are manufactured in Norway.
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Marion Siuta will join TrueAero's leadership team as Senior Vice President of Acquisitions.
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Siuta's purview includes sourcing mid- to end of life aircraft and engines for part out and lease, while helping to grow TrueAero's line of technical service offerings.
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Siuta brings over 30 years of technical and commercial experience to TrueAero, having held leadership positions at AAR, Aircastle, ILFC and AerCap.
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The first Trent 1000 engine repaired at Delta TechOps’ engine overhaul facility in Atlanta, Georgia is ready to return to service.
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Delta TechOps is a Trent Authorised Maintenance Centre. The first Trent 1000 engine was taken into the facility in late 2018. As well as completing the engine shop visit, engineers took the opportunity to learn more about the engine.
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In addition to working on the Trent 1000, the 127,000 ft² facility will also carry out services on the latest generation Trent 7000 and Trent XWB engines. There is now increased capacity for maintenance of Rolls-Royce engines, supporting a wider services strategy of an increasingly capable, competitive and flexible CareNetwork. The improved network will minimise time engines spend being maintained, and maximise flying time.
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Rolls-Royce has expanded its service capacity, reduced turnaround times, developed innovative inspection techniques, and accelerated new part introduction to minimise disruption to customers as a result of increased inspections on Trent 1000 engines.
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MAC Aero Interiors enters the Chinese aircraft cabin interiors market by establishing a Joint Venture with Benniao Aviation. The newly launched MAC Sichuan will be providing cabin total technical care support to Chinese aircraft owners and operators.
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The new company, MAC Sichuan is established in the Chinese province of Sichuan which hosts one of the world’s busiest aviation hubs – Chengdu Shuangliu International Airport. MAC Sichuan will provide cabin total technical care support, including design, engineering, refurbishment, maintenance and modification of aircraft cabins, as well as manufacturing and installations of cabin components. The company’s capabilities will cover first, business and economy class cabins, as well as VIP cabins for narrow-body Airbus A320 Family, Boeing 737 and wide-body Airbus A380 aircraft types.
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Boeing has reported fourth-quarter revenue of US$28.3 billion, GAAP earnings per share of US$5.93 and core earnings per share (non-GAAP) of US$5.48. These results reflect record commercial deliveries, higher defense and services volume and strong performance which outweighed favorable tax impacts recorded in the fourth quarter of 2017. Boeing generated operating cash flow of US$2.9 billion, repurchased 1.6 million shares for US$0.6 billion, paid US$1.0 billion of dividends and completed the acquisition of KLX.
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Revenue was US$101.1 billion for the full year reflecting higher commercial deliveries and increased volume across the company. Records for GAAP earnings per share of US$17.85 and core earnings per share (non-GAAP) of $16.01 were driven by higher volume, improved mix and solid execution.
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Commercial Airplanes fourth-quarter revenue increased to US$17.3 billion reflecting higher deliveries and favorable mix (Table 4). Fourth-quarter operating margin increased to 15.6%, driven by higher 737 volume and strong operating performance on production programs, including higher 787 margins.
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During the quarter, Commercial Airplanes delivered 238 airplanes, including the delivery of the 787th 787 Dreamliner and the first 737 MAX Boeing Business Jet. The 737 program delivered 111 MAX airplanes in the fourth quarter, including the first MAX delivery from the China Completion Center, and delivered 256 MAX airplanes in 2018. The first 777X flight test airplane completed final body join and power-on, and the program remains on track for flight testing this year and first
delivery in 2020.
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Commercial Airplanes booked 262 net orders during the quarter, valued at US$16 billion. Backlog remains robust with nearly 5,900 airplanes valued at US$412 billion.
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TrueNoord, the specialist regional aircraft lessor, has leased five new ATR 72-600s to InterGlobe Aviation (IndiGo). The first two aircraft were delivered at the end of December with the remaining three integrating with the fleet in the coming months.
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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. Hogan Lovells advised TrueNoord on the transaction and Norton Rose Fulbright for IndiGo. Milbank, Tweed, Hadley & McCloy LLP represented TrueNoord and Clifford Chance advised the banks on the financing side of the transaction.
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The Chicago-based parts trading company Aero Trade is going through a rebranding and warehouse relocation. The extensive stock of Airbus and Boeing Rotables, as well as the multiple APUs for their lease and teardown programs needed more space.
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The success of the last two years made a purchase and move to a state of the art new warehouse mandatory. By renaming the company to Setna iO, the goal is to differentiate from other trading companies as much on the service as in the name.
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The global team members in Chicago, Arizona, California, London, and France look forward to continuing to serve their customers and vendors.
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ANA HOLDINGS will invest US$95 million in PAL Holdings and acquire 9.5% of PAL Holding's outstanding shares. PAL Holdings is the parent of Philippine Airlines (PAL), the Philippine flag carrier.
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ANA HD will acquire the shares from Trustmark Holdings Corporation, which is owned by the Lucio
Tan family and is the largest shareholder of PAL Holdings.
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In line with the Mid-Term Corporate Strategy for FY2018-2022, the ANA Group is expanding its international group network, which is considered its main growth pillar and strengthening its partnerships with foreign airlines to provide further convenience to its passengers.
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This purchase underscores ANA HD's belief in the dynamism of the Asian region and the great potential of the Philippines' flag carrier and its confidence that the Philippine air travel market will continue to serve as an economic leader for the ASEAN region.
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Additionally, the investment by ANA HD heralds the dawn of a new era of growth for PAL, which has embarked on a full-scale expansion program that has seen its fleet and network grow to almost 100 aircraft and 80 destinations in four continents.
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AIRCRAFT & ENGINE MARKETPLACE
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UPCOMING EVENTS
February 19 - 20, 2019 – Palma de Majorca, Spain
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