Daily2018-02-20

Tuesday, April 2nd, 2019

LATEST NEWS

Viva Air selects CFM to power new fleet in US$3.2 billion order

Viva Air and CFM International have finalized the airline’s selection of CFM engines to power its new fleet of Airbus A320 aircraft.

The order, which is valued at US$3.2 billion at list price, includes LEAP-1A new engines to power 35 A320neo aircraft, CFM56-5B new engines to power 15 A320ceo aircraft, and an aftermarket support contract for the LEAP-1A engines. Deliveries of the A320ceo aircraft began in 2018; the first A320neo is schedule for delivery in 2020.

To support its A320neo fleet, Viva Air also signed a Rate Per Flight Hour (RPFH) agreement with CFM Services. RPFH agreements are part of CFM’s portfolio of flexible aftermarket support offerings. Throughout the term of the 12-year agreement, CFM guarantees maintenance costs for the airlines 70 LEAP-1A engines on a dollar per engine flight hour basis.

Viva Air is a pioneer group of low-cost airlines based in Colombia and Peru, created by Irelandia Aviation, developer leader of low-cost airlines worldwide. Operates national and international flights in more than 21 destinations and in 2019 will carry 7.5 million passengers.


LIE_DY_2019-04-02

ALC delivers first of five new Boeing 787-9 aircraft to China Southern Airlines

Air Lease Corporation (ALC) has delivered one new Boeing 787-9 aircraft on long-term lease to China Southern Airlines on April 1. Featuring GEnx-1B76A engines, this aircraft is the first of five 787-9 Dreamliner aircraft scheduled to deliver to China Southern Airlines through 2020 from ALC’s order book with Boeing.

GAL Aerospace to become supplier for aftermarket Bombardier CRJ series cabin retrofits

GAL Aerospace has entered into a collaborative relationship with Bombardier for the development and aftermarket retrofit of interiors for the existing CRJ Series fleet. As part of this relationship, GAL will collaborate with Bombardier to enable go-to-market optimized solutions in support of the in-service CRJ Series fleet. More specifically, GAL Aerospace has received authorization from Bombardier to supply cabin interior aftermarket support for the new CRJ550 aircraft that was launched last month.

“The great success of the Bombardier CRJ Series family of aircraft has created opportunities for the modification and upgrade of in-service cabin interiors and GAL is fully engaged in fulfilling this niche demand,” says Jonathan Cornwell, vice president of business development and sales for GAL Aerospace. “The support from Bombardier will further enhance our ability to develop and deliver innovative solutions for the CRJ Series aircraft," adds Glen Lynch, president and CEO of GAL.

TP Aerospace

Co-owner of Russia’s S7 airline killed in plane crash

News has been announced by Russia’s S7 airline, the countries second-largest commercial airline, that Natalia Fileva, the carrier’s co-owner and wife of company CEO and fellow co-owner Vladislav Filev, has been killed in a plane crash just outside Frankfurt, Germany. The aircraft, understood to be an American-built Epic LT or 1000 single-engine turboprop six-seater aircraft, was en route from Cannes, France, when it crashed while approaching Egelsbach airport near Frankfurt, Germany, before catching fire. It is believed all three persons on board, including the pilot, were killed in the crash. Though yet to be confirmed, it is thought the other passenger was Mrs Fileva’s father. News so far would indicate that the pilot had not notified aviation authorities of any malfunctions prior to landing.

Natalia Fileva was one of Russia’s wealthiest women with an estimated fortune of US$600 million. She was co-owner and a major shareholder of S7, also known as Siberian Airlines, which has a fleet of 96 aircraft that fly to 181 cities and towns in 26 countries, according to the company's website.

Kellstrom

Jet Maintenance International launch Citation and Dassault-focused MRO

A new aircraft maintenance company, Jet Maintenance International (JMI), is to be established at London Oxford Airport from the start of May. Headed by principals Neil Plumb and Ed Griffith, the MRO (Maintenance, Repair and Overhaul) and aircraft management business will be primarily focused on Textron (Cessna) Citation and Dassault Falcon aircraft product support with line, base and AOG capabilities.

Veterans in the business aviation sector with over 40 years’ combined experience, the JMI team expects to tap into the ever-growing demand for high quality and personalised customer service for some of the more popular models in the UK and wider European business aviation fleet where demand for quality technical support is beginning to exceed capacity.

Ed Griffith’s experience includes running hangar MRO operations at Gama Aviation Plc, Textron, Kinch Aviation and transforming the London Luton Airport Line Station for CSE Citation Centre (now Signature TECHNICAir). Neil Plumb was the General Manager of a large MRO at Cranfield before going on to set up his own business managing and flying numerous business aircraft, predominantly Citation and Falcon types.

Moving into London Oxford Airport’s most recently completed facility, Hangar 14, Bay 4, they start with a brand-new £2m facility with around 16,000 sq.ft. (1,500m2) along with bespoke external offices and dedicated customer parking.

Pentagon2000

ST Engineering set to buy Newtec for US$383 million

Singapore Technologies Engineering (ST Engineering), the Singapore-based engineering group operating in the aerospace, electronics, land systems and marine sectors, has agreed to buy Newtec Group NV (Newtec) the Belgium-based satellite communications company (satcom) for US$383 million. With the acquisition of Newtec, the group will be able to add intellectual property, products and market access, meeting demands across the full spectrum of the satcom market.

According to ST Engineering, the combined businesses should be capable of generating: "about US$200 million in value arising from revenue and cost synergies." Vincent Chong, President & CEO of ST Engineering, commented: “This proposed acquisition expands our satcom business in a meaningful way in an attractive industry that is high-tech and high-growth, driving connectivity advances in a world where 5G and satcom converge,” adding that: “It aligns with our strategy to invest in businesses that help accelerate our growth trajectory, especially in Smart City, to deliver long-term shareholder value.”

According to ST Engineering, Newtec was among the first companies to test over the air communication via Low Earth Orbit (LEO) satellites. LEO satellites are expected to take off with the launch of 5,000 satellites in the coming years. The aim is to provide fibre quality broadband
solutions for the mobility segment, including aeronautical applications (inflight connectivity), maritime broadband, connected cars and smart cities.

MTU

Acro Aircraft Seating launches new series 6LC economy class seat

Acro Aircraft Seating has launched Series 6LC Economy Class seat at the Hamburg Aircraft Interiors Expo. Aimed primarily at the hardworking low-cost carrier’s narrowbody fleets, Series 6LC re-defines Acro’s quest for simplicity with its minimalist design aesthetic and reduced part count, whilst also enhancing comfort with Acro’s innovative curved seat back design which unlocks space at knee
level.

Series 6LC features include a pre-reclined fixed back, with an upper literature pocket, sliding table and lightweight armrests. Additional options include comfort seat covers, crew step, lower literature pocket and USB A & C provisioning.

Acro has secured a major low-cost carrier as a launch customer for Series 6LC and will be announcing this collaboration in the forthcoming weeks.

Dave Paddock appointed new President of Jet Aviation

Dave Paddock has been named the new President of the Jet Aviation Group, effective July 1, 2019. Paddock succeeds Rob Smith, who has served the company in this role since 2014. Smith is leaving Jet Aviation to join General Dynamics’ Marine Systems business unit.

A 20-year industry veteran, David Paddock joined Jet Aviation in January 2007 as vice president of business development and strategic planning. He was appointed to his current position of SVP Regional Operations USA in January 2015, where he is responsible for acquisitions, facility expansions and the entire portfolio of Jet services. Prior to joining Jet Aviation, Paddock served as Vice President and Managing Officer for SH&E, specializing in business aviation strategy, market analysis and planning. He holds a Bachelor of Sciences degree in environmental engineering and is active with many industry organizations, including GAMA, MEBAA and The Wings Club.

Safran

SIA Engineering Company signs services agreement with Singapore Airlines

SIA Engineering Company (SIAEC) and Singapore Airlines (SIA), have signed a comprehensive Services Agreement which will supersede the previous Services Agreement entered into with SIA in April 2015.

The new agreement, commencing April 1, 2019, is for a term of 2 years, with an option to renew for a further period of 2 years. SIAEC’s support of SIA’s fleet covers a broad spectrum of maintenance, repair and overhaul (MRO) and fleet management support services. The agreement (if renewed after the first 2 years) is expected to yield a labour revenue of S$1.3-1.4 billion over the 4-year term.

The transaction is not expected to have a material impact on the net tangible assets per share or the earnings per share of the SIAEC Group in FY2019/2020.

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AIR Convention Asia
May 1 - 3, 2019 – InterContinental Bangkok Hotel, Bangkok, Thailand


Aviation Festival Americas 2019
May 13 - 15, 2019 – JW Marriott Marquis, Miami, FL, USA


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