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Thursday, April 11th, 2019
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Delta CEO Ed Bastian outlined the importance of the airline's maintenance, repair and overhaul business to its long-term future at the annual MRO Americas conference in Atlanta.
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The business is expected to generate close to US$1 billion in revenue this year, he said, and is on a path to double that figure over the next five years.
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Bastian highlighted the investments Delta has made in TechOps, particularly the new engine shop and test cell which recently opened. "These are investments in Delta's future," he said, noting that the new state-of-the-art test cell is the first built in the U.S. in more than 20 years.
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He also stressed the importance of Delta's workforce development to ensure a steady pipeline of new Delta people in coming years. "We're going to be hiring 500 AMTs just this year," he said.
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During this year's MRO Americas trade-show and conference, CAVU Aerospace announced their intent to develop a component repair station based in Phoenix, Arizona led by industry veteran, Roy Hyde, former President & CEO of a tier one FAA repair station. The announcement confirms CAVU’s commitment to growth and this additional repair offering will further expand the capabilities available with CAVUSmartMRO™ service offerings.
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With over 30 + years’ experience in the aviation & aerospace industry focused on component repairs, Hyde is an experienced commercial aviation MRO professional. Prior to joining CAVU, Hyde spent thirteen years in the Air Force, three years managing the accessory shop at Dynair then was later hired by Lee Benson to start the commercial overhaul division of ABLE Engineering. He was also one of the founding members of ATC Components and most recently served as their President & CEO. Hyde will assume the role of Vice President of CAVU Component Repair.
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The new repair facility will be branded as CAVU Component Repair and will be headquartered in Phoenix, AZ. It will offer repair on flight controls, flap tracks, flap carriages, and landing gear for most Boeing, Airbus, Bombardier and Embraer aircraft types. They will look to expand their repair capabilities in the future. CAVU Aerospace will also enhance their repair process with the
implementation of their patent pending CAVUSmartTags™ technology to provide additional efficiencies for material direct from the point of dismantle.
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Airbus shareholders passed all resolutions at its 2019 Annual General Meeting (AGM), including the appointment of Guillaume Faury as an Executive Member of the Board of Directors for three years.
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At a Board Meeting immediately following the AGM, Guillaume Faury was formally appointed Airbus
Chief Executive Officer (CEO), replacing outgoing CEO Tom Enders whose Board Mandate expired at the close of the AGM. Airbus announced last October that its Board of Directors had selected Faury, previously President of Airbus Commercial Aircraft, as its next CEO.
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AAR will be extending its PW2000 engine support contract with MTU Maintenance for another five years. AAR will be supplying PW2000 parts to support MTU, which is one of the largest engine overhaul providers in the world.
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MTU has recently said they have won contracts valued at more than US$700 million and remains committed to its PW2000 engine MRO program for at least another 10 years. AAR is an important source of used serviceable materials (USM) in support of these engine overhauls.
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Air Europa has selected Collins Aerospace Systems to provide a decade of exclusive nacelle MRO services support for the Boeing 787 including lease/exchange services.
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This long-term agreement extends an existing 10-year service agreement between the two companies where Collins Aerospace will carry on supporting the Airbus A330, Boeing 737, ATR 72 and Embraer E-195 operated by Air Europa and Air Europa Express.
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Air Europa, with its growing fleet of 26 aircraft, is the third largest airline in Spain and the latest carrier to entrust Collins Aerospace with providing nacelle maintenance services. The airline is expected to expand its current fleet and receive additional Boeing 787s, which will be covered by this agreement. Support will take place at Collins Aerospace service centers in Prestwick (Scotland) and Toulouse (France).
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The British Business General Aviation Association has elected Aoife O’Sullivan, Partner and co-founder of The Air Law Firm, as its new Chair and Alex Durand, CEO of aircraft charter and management company SaxonAir as Vice Chair, a new role, effective immediately.
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O’Sullivan takes over from Marwan Khalek who has held the position for eight years. His company Gama Aviation Plc has been closely involved with BBGA and its predecessor GAMTA since Gama’s start in 1983. Khalek announced his decision to step down at the AGM at Luton Hoo last month, highlighting it was time for a successor.
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AerFin, which specialises in aircraft end-of-life services, and BP Aero, the full-service aviation solutions provider, have agreed to a new long-term engine support contract.
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The contract will support CFM56 and CF34 engine part overhaul at BP Aero’s facilities in in Irving, Texas. Attention will be paid to repairing Aerfin’s extensive inventory of CF34 parts, in order to meet ongoing industry demand. The deal enhances a growing relationship between the two companies, which have collaborated for several years to deliver engine and components solutions to airlines and MROs.
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Arctic Aviation Asset Ltd, the parent company of the Norwegian Group (Norwegian) which includes Norwegian Air Shuttle, and which is responsible for aircraft financing, leasing and ownership, has struck a deal with Airbus SE to postpone delivery of a number of aircraft.
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With Norwegian now looking to transition from expansion to profitability, the postponement of a mix of A320neos and A321LRs will reduce capital expenditure over the next two years when delivery was scheduled. This announcement comes on top of delivery postponements announced in February, the month after Norwegian announced a US$350 million rights issue to enhance liquidity on January 29.
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Norwegian is the world's fifth largest low-cost airline operating 500 routes to 150 destinations in Europe, North Africa, Middle East, Thailand, Caribbean, the U.S. and South America. In 2018,
Norwegian carried more than 37 million passengers. The group has 11,000 employees and a modern, environmentally friendly fleet of more than 150 aircraft with an average age of 3.8 years.
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JetBlue Airways has released its preliminary traffic results for March 2019. Traffic in March increased 7.9% from March 2018, on a capacity increase of 12.6%. Load factor for March 2019 was 85.3%, a decrease of 3.7 points from March 2018.
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GA Telesis has reported the first sale and leaseback (SLB) on four Auxiliary Power Units (APUs) with a major Eurasian Airline. The three Airbus A320 and one A330 APUs will be on a long-term operating lease with the carrier.
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While GA Telesis has transacted on hundreds of APUs in its history, this was its first-ever SLB and will be the commencement of building a large APU lease portfolio for its vast customer base. In addition, GA Telesis has speculated by investing tens of millions of dollars on new and overhauled APUs for current and new technology aircraft that it will stock and make available to its global customers.
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“GA Telesis was approached by a customer in our region to create a financial and operating solution around their APUs. With our vast financial and service offerings, we were well placed to support the operator’s needs that addressed their unique requirements,” stated Mehmet Dogan, Managing Director, GA Telesis Istanbul.
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AviaAM Leasing has sold two Airbus A321 aircraft to global investors. Both aircraft are leased to Air Transat, the Canadian holiday travel airline under 74 months operating lease agreements.
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AviaAM Leasing has acquired the two aircraft at the beginning of this year and after administrating the throughout maintenance checks required by the operator, delivered them to Air Transat.
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FLYdocs, the aviation data and digital records management solution provider, has officially launched its new Asset Management Platform at MRO Americas 2019. In leading the digital innovation charge in aviation software, FLYdocs is taking a huge step forward in helping lessors and airlines realise the full benefits of embracing a paperless future.
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Within the cloud-based Asset Management Platform, lessors have instant access to the most business-critical information regarding the contractual obligations of their lessees to ensure ongoing compliance. Additionally, users can also tap into the data they need to manage and protect the value of their aircraft and engine portfolios throughout the term of the lease. Airlines not building up external Maintenance Reserves benefit from being able to more accurately predict Maintenance Event Intervals/Cost and budget for them through their own internal accruals.
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“One of the largest challenges for lessors and lessees has been the inability, using current software, to accurately forecast maintenance reserves and end-of-lease compensation, which can have a major impact on business health and asset value,” comments Mark Hadfield, FLYdocs’ Head of
Asset Management.
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“That’s until now! Using real-world expertise from within the FLYdocs team, we’ve built the
most advanced algorithms for calculating precise and accurate maintenance reserve and EOL compensation cash flow forecasts to help reduce risks and allow users to make financial decisions with confidence.”
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Collins Aerospace Systems has been awarded a 10 year support agreement by All Nippon Airways (ANA) for its fleet of Boeing 787-8, 787-9 and new 787-10 aircraft.
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The long-term maintenance agreement features Collins Aerospace’s FlightSense™ program, which the airline has been a customer of for the past decade.
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Under the terms of the agreement, Collins Aerospace will guarantee availability of assets, through access to a global distribution network, enabling minimized aircraft downtime. This tailored offering provides ANA best-in-class service at a reduced cost.
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UPCOMING EVENTS
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