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LATEST NEWS
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Tuesday, May 7th, 2019
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When questioned whether the Russian-built Sukhoi Seperjet-100 would be grounded following Sunday’s fatal Aeroflot crash which killed 41 people, the country’s transport minister, Yevgeny Ditrikh, commented bluntly that “There are no grounds for that.” The Sukhoi Superjet-100 is the first new passenger jet to be developed in Russia since the fall of the Soviet Union and this crash will undoubtedly undermine confidence in the plane until the cause of the crash is confirmed.
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According to the BBC, the pilot of the plane was forced to make an emergency landing after the plane had been struck by lightening shortly after taking off from Moscow’s Sheremetyyevo Airport. Video footage of the emergency landing show the jet caught fire during a very bumpy landing. Technical failure, human error and bad weather conditions are all being looked into as the investigation for the crash commences. The plane was carrying 73 passengers and five crew members; 33 passengers and four crew members survived the crash, though six survivors were hospitalized in a serious condition.
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The Superjet first entered service in 2011, but there have been concerns over the plane’s safety. The Superjet was grounded after a defect was discovered in an aircraft’s tail section in December 2016, while one crashed in Indonesia in 2012, killing all 45 on board; this incident being put down to being caused by pilot error. The plane which crashed on Sunday was constructed in 2017 and had been serviced as recently as April this year. According to Reuters, regional carrier Yamal Airlines, the country’s second biggest operator of the Superjet after Aeroflot, said on Monday it was cancelling its planned purchase of 10 of the planes. It cited high servicing costs, not safety concerns. Aeroflot currently has a fleet of 50 Superjets, having also pledged to buy 100 more.
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Air Canada has reported first quarter 2019 EBITDA of CA$583 million compared to first quarter 2018 EBITDA of CA$504 million. The airline reported first quarter 2019 operating income of CA$127 million compared to first quarter 2018 operating income of CA$86 million.
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Adjusted pre-tax income amounted to CA$24 million in the first quarter of 2019 compared to an adjusted pre-tax loss of CA$-32 million in the first quarter of 2018. On a GAAP basis, the airline reported net income of CA$345 million in the first quarter of 2019 compared to a net loss of CA$-203 million in the first quarter of 2018.
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The first A330neo for Lion Air Group has rolled out of the Airbus paint shop in Toulouse, France, featuring the airline’s distinctive livery. The aircraft will be operated on lease from BOC Aviation.
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Altogether, Lion Air Group will acquire 10 A330neo aircraft, eight of which will be leased from BOC Aviation. The aircraft will have a single-class layout seating 440 passengers and will be operated by Lion Air on selected domestic routes, as well as charter and pilgrimage service to Saudi Arabia. Some of the aircraft will be operated by Thai Lion on long-haul services from Thailand.
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The first aircraft will now continue its industrial process and proceed soon to ground and flight tests, before the delivery to the airline in the coming weeks.
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Delta Air Lines has released operating performance for April 2019. Total system traffic for the month improved 5.9% compared to the previous year, while system capacity was up 5.0%. The load factor for the month was 85.8% up 0.7 points compared to April 2019. The company carried 16.9 million customers across its broad global network.
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The Supervisory Board of Deutsche Lufthansa AG has decided ahead of schedule to extend the contract with Thorsten Dirks by three years until April 30, 2023. Dirks will therefore be continuing as CEO of Eurowings.
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Thorsten Dirks has been an Executive Board Member of Deutsche Lufthansa AG since May 1, 2017, where he is responsible for Eurowings. Under his leadership, Eurowings has significantly expanded its market position, among other things by integrating parts of Air Berlin. Today, Lufthansa’s value brand is Europe’s third-largest point-to-point airline.
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Japanese operator, New Central Airservice (NCA), together with their longstanding partner, Sojitz Aerospace Corporation (SOASCO), have accepted delivery of their factory new 19-passenger commuter aircraft during a ceremony at the RUAG MRO International facilities in Oberpfaffenhofen, Germany, on March 29, 2019. A RUAG Dornier 228 crew ferried the aircraft to Japan, on the customer’s behalf, departing Oberpfaffenhofen, on April 15, and delivering it to the NCA and SOASCO facilities at Ryugasaki Airfield, on April 27. This marks the fourth new production series Dornier 228 to be delivered to NCA, since 2010.
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This brand new Dornier 228 aircraft features two newly introduced Dornier 228 solutions: ADS-B Out compliant avionics have been included in the glass cockpit configuration; and, the recently approved, enhanced cabin seating system has also been fitted. The aircraft also displays the operator’s distinctive livery, applied by the specialists at the aircraft painting shop located within the RUAG MRO International premises.
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NCA operates their Dornier 228 fleet in both passenger and cargo configurations, flying in demanding conditions. The Dornier 228 enables NCA to maintain its operations between the Japanese mainland and the remote Izu Islands, a flight plan they are entrusted with by their municipal government.
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Leonardo, CDP and ELITE have signed a memorandum of understanding (MoU) dedicated to supporting the growth of the companies that make up Leonardo’s supply chain. The agreement – which is linked to the partnership announced by ELITE and Leonardo last February and is part of Leonardo’s LEAP2020 programme – provides for the launch of a partnership aimed at fostering the growth of Leonardo’s strategic suppliers, providing structured financial and non-financial tools and solutions to accelerate their growth and support their development plans.
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Leonardo, CDP and ELITE have decided to pool their own strengths in order to support the manufacturers on their paths of growth and development by adopting a system approach. The aim of the agreement is to launch a concrete collaboration among the parties for the study, research and evaluation of possible solutions for the member companies of the “ELITE Leonardo Lounge”, with the goal of improving their financial soundness and supporting their consolidation and dimensional growth process.
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Consistent with its role as the National Promotional Institution, CDP promotes Italy’s development, responsibly using the country’s savings to foster growth and employment by supporting company innovation and the competitiveness, infrastructures and the nation as a whole. With its new 2019-2021 Business Plan, CDP foresees the mobilisation of 83 billion Euros of its own resources in
loans to companies over the three-year period, through an integrated offer focused on innovation, growth and international expansion. With the goal of reaching 60,000 enterprises over the period of the plan, this offer covers areas such as facilitated credit arrangements, interventions to support exports and internationalisation, alternative financing instruments, support for access to credit for companies, and equity interventions.
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With this aim in mind, CDP has identified some of Italy’s main strategic sectors that have a significant impact on the development of our country’s competitiveness, launching specific
initiatives – such as this agreement in the Aerospace and Defence field – intended to support companies in those sectors.
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ELITE is London Stock Exchange Group’s international platform, launched in Borsa Italiana in 2012 in collaboration with Confindustria – with which it shares the goal of supporting the best Italian companies by increasingly exploiting synergies – and seeks to accelerate companies’ growth
through an innovative process of organisational and managerial development aiming at making already deserving enterprises even more competitive, more visible and more attractive to investors at global level.
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The international ELITE community currently has reached the number of 1,160 companies, of which more than 700 are Italian, with a total of 84 billion Euros in revenues and 490,000 employees.
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HAECO Group has selected AMOS as its preferred MRO software to be deployed in its Hong Kong operations. The main objective of this large-scale implementation project is to replace the current
system - consisting of many point-to-point solutions - by a fully integrated end-to-end solution. HAECO Hong Kong will apply AMOS across its wide spectrum of services, including core airframe services and line services.
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HAECO Hong Kong starts the AMOS implementation while the framework agreement lays the foundation for implementing AMOS in other HAECO group companies.
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HAECO Hong Kong will rely on Swiss-AS AMOS Operation Service (AOS) - with Swiss-AS managing all the tasks related to the AMOS application server and database server administration - to ensure a smooth running of the system.
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Macquarie Group has announced on Friday May 3, 2019, that PGGM Infrastructure Fund (PGGM), a leading Dutch pension investor, will take a 25% interest in Macquarie AirFinance.
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Macquarie AirFinance was established in 2006 and has evolved to become a leading and successful player in the aircraft operating lease industry, with a portfolio at March 2019 of 196 aircraft and 60 aircraft orders.
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The investment is PGGM’s first in the aircraft leasing sector. PGGM has capacity to deploy additional capital to support the growth of Macquarie AirFinance.
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Macquarie’s Head of Transportation Finance, Stephen Cook said: “We are delighted to have
PGGM as a shareholder in Macquarie AirFinance. PGGM is a strong, long-term institutional investor and is an ideal partner for Macquarie to support our strategy for continued investment and growth in the aircraft operating lease sector. John Willingham will continue as Chief Executive Officer of the
world-class Macquarie AirFinance team.”
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Air Transat, a Canadian leisure and holiday travel airline, has taken delivery of its first Airbus A321LR aircraft. The A321LR is one of 15 the Montreal-based carrier is scheduled to receive. Air Transat leases the A321LR from AerCap.
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The A321LR, with its unique Airbus Cabin Flex configuration allowing for installation of additional fuel tanks, will have a range of up to 4,000 nautical miles. Air Transat plans to use the A321LR for long-distance flights out of Canada, principally on more extended, thinner routes to European, Caribbean, Central and South American destinations.
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