|
|
|
|
|
|
|
|
|
|
LATEST NEWS
|
|
Thursday, October 20th, 2022
|
|
|
|
|
|
General Electric Co. (GE) has confirmed the Group’s plans to reduce its office capacity in Boston and other locations as it prepares for its division into three independent businesses. In 2023 it plans to spin off its healthcare division, while in 2024 it plans to combine both its power and renewable energy businesses before they become spun off. Thereafter, GE itself will become solely an aviation company.
|
While the group’s headquarters will, for the foreseeable future, remain in Boston, it is looking to ‘downsize’ to new premises, while it will be closing its Madison Avenue office this December. Office space in Norwalk, Connecticut, will also be consolidated, while the learning campus in Crotonville, New York, will be sold off.
|
GE announced the splintering of the Group back in July this year, confirming the names of the three newly formed businesses. The energy wing, including GE Renewable Energy, GE Power, GE Digital, and GE Energy Financial Services, will be called GE Vernova, the healthcare business will be named GE Healthcare, while the name of the aviation business that will essentially be the remaining core of GE, headed by CEO Larry Culp, will be called GE Aerospace.
|
|
|
|
|
|
|
|
Joramco, the Amman-based MRO provider and the engineering arm of Dubai Aerospace Enterprise (DAE), has announced its first maintenance agreement for Boeing 787 Dreamliners operated by TUI. TUI Group, a market-leading tourism company that operates five European leisure airlines with a combined fleet of over 130 aircraft, had previously entrusted Joramco with several of its other aircraft, including its narrow-body Boeing 737s as well as its Embraer fleet. Following the success of this partnership over the past three years, TUI selected Joramco again as the preferred MRO for completing maintenance checks on the airline’s Boeing 787 fleet.
|
Joramco also signed a new maintenance deal with MNG Airlines, the only private Turkish airline offering international cargo flight services to/from Europe, Middle East and Africa. Under the agreement, Joramco will perform C-checks and main landing gear and engine replacements on the carriers A300 and A330 cargo aircraft in the first quarter of 2023.
|
Furthermore, Joramco has signed a Memorandum of Understanding with Spirit AeroSystems to explore cooperation in providing a wide range of repairs and services of composite and metallic aero structures to customers in the region. A team of engineers and experts from both companies will be formed to support the needs of operators and shops, and develop new repair processes as needed. “We are eager to begin structural repair MRO operations in the Middle East and look forward to working with Joramco,” said Kailash Krishnaswamy, Senior Vice President for Spirit AeroSystems Aftermarket Services. “Together, we will be able to offer better value to our customers in the region by leveraging our structural engineering expertise.”
|
|
|
|
|
|
|
|
ELMS Aviation (ELMS) has reported that that HAECO Global Engine Support (HAECO GES) is one of the latest high-profile organisations to join ELMS’ expanding customer network by utilising its industry-leading compliance & competence solution (the ELMS Solution). The ELMS Solution will be a core platform used to ensure the compliance and safety of HAECO Group’s engine services specialist in terms of managing, demonstrating and lifting the competence of HAECO GES working teams, enabling the business to maintain and further enhance its global service offerings while providing high-level of transparency, integrity and visibility of personnel competence.
|
HAECO has recently expanded its Global Engine Support network to London and the Middle East, in addition to the current service centres in Hong Kong, Amsterdam, the Netherlands and Dallas. Being Rolls-Royce’s principal provider of global on-wing and in-field services, the London Heathrow service centre provides around-the-clock specialist maintenance and support for Rolls-Royce large civil aero engines.
|
|
|
|
|
|
ITA Airways, the new Italian carrier aiming to become Europe’s greenest airline by 2026, has selected Safran Landing Systems’ wheels and carbon brakes to equip its six Airbus A350 and twenty A320neo aircraft.
|
Safran Landing Systems’ A350 and A320neo equipment both provide a significant weight advantage compared to competing products, contributing to ITA Airways’ objective and commitment to minimize its environmental footprint and by saving more than 300 tonnes of CO2 emissions per year across its fleet. The A350 equipment also features a unique design that provides faster cooling for shorter Turn-Around-Times (TAT) and increased fleet availability.
|
|
|
|
|
|
|
|
Aircraft Finance Germany has announced that Fei Chen has joined AFG as SVP Commercial, China. Chen joins Aircraft Finance Germany after an accomplished career spanning over two decades in the aviation industry. He brings to AFG his vast experience in airline operations and aircraft leasing.
|
Chen started his aviation career in 2002 with Hainan Airlines and worked in leading roles for the airline in aircraft acquisitions and leasing. In 2009, he joined the Aviation Leasing Division of Minsheng Financial Leasing. At Minsheng he served successively as Corporate Jet Sales manager, the head of Corporate Jet Acquisitions and Operations and as Vice President of the division. Before joining AFG, he spent nearly eight years in the commercial aviation leasing division of Minsheng Financial Leasing in the role of Deputy CEO.
|
|
|
|
|
|
Go2Sky of Slovakia has leased one Boeing 737-800 aircraft, MSN 36809, from DAE Capital. The aircraft was manufactured in 2008 and was previously operated by Norwegian since new.
|
The aircraft is painted white and is equipped with 189Y leather seats. It was delivered to Go2Sky in Ostrava on October 14, 2022. Go2Sky is an IOSA-certified ACMI specialist Boeing 737NG operator with previous clients including prestigious airlines such as Norwegian, Transavia and TUI. "We are relieved to be in position to restore our fleet cautiously as market conditions gradually return to normal after the pandemic" said Daniel Ferjancek, CEO of Go2Sky.
|
The lease was arranged by ISIS Aviation Services Ltd of Norwich, England acting as sole agent on behalf of Go2Sky. "We are delighted to continue to assist Go2Sky's with the rebuilding of its B737NG fleet", said Eric S M Popp, Executive Director of ISIS.
|
|
|
|
|
|
|
|
AJW Group has signed a ten-year agreement with U.S. manufacturer, Woodward which names AJW Group as a Licensed Asset Management Provider (LAMP).
|
The agreement will see the business join the LAMP global network, providing component support for LEAP 1A/C and 1/B engines for operators worldwide. Routine and Aircraft on Ground (AOG) support will be managed through the LAMP for customers under flight-hour support, power-by-the-hour and networking contracts; additionally operators worldwide will be able to access the network for AOG support.
|
The signing of this agreement enables AJW to offer its supply chain fulfilment expertise to Airbus A320neo, Boeing B737 MAX and COMAC C919 operators with component support for LEAP engines and solidifies the long-standing business relationship that AJW Group and Woodward have enjoyed for many years.
|
|
|
|
|
|
Spirit Airlines (Spirit) has released that its stockholders approved the merger agreement with JetBlue Airways Corporation (JetBlue). Based on the preliminary voting results provided by the independent inspector of election at the special meeting of stockholders held on October 19, more than 50% of the outstanding shares of Spirit common stock voted in favour of the transaction. The final voting results of the special meeting, as tabulated by an independent inspector of elections, will be filed on a Form 8-K with the U.S. Securities and Exchange Commission.
|
Ted Christie, President and CEO of Spirit Airlines, said, "This is an important step forward on our path to closing a combination that will create the most compelling national low-fare challenger to the dominant U.S. carriers. We look forward to continuing our ongoing discussions with regulators as we work toward completing the transaction and delivering value to team members, guests and stockholders."
|
The completion of the transaction is subject to customary closing conditions, including receipt of required regulatory approvals. Spirit and JetBlue expect to conclude the regulatory process and close the transaction no later than the first half of 2024.
|
|
|
|
|
|
|
|
Parker Aerospace, a business segment of Parker Hannifin Corporation, a global leader in motion and control technologies, has released that its newly acquired Parker Meggitt organisation has signed a five year multi-million SMARTSupportTM contract extension with Lufthansa Technik for the supply of spare parts and MRO (Maintenance Repair and Overhaul) services, covering a broad range of Parker Meggitt products across multiple civil aircraft and engine platforms.
|
Lufthansa Technik is a leading global provider of aircraft maintenance, repair, overhaul and modification services for civil and commercial aircraft, and this five-year contract marks the continuation of a longstanding relationship between the two companies.
|
|
|
|
|
|
Iberia Maintenance has received a new authorisation from Pratt & Whitney, one of the largest aircraft engine manufacturers to service the GTF PW1100G-JM engine, powering the Airbus A320neo family. The Iberia Engine Shop will be one of a select number of shops authorised worldwide to overhaul and maintain this engine model.
|
Iberia Maintenance has been working on this project for more than two years, investing in the latest engine MRO technologies for, amongst others, grinding, balancing and test data acquisition, adapting both its 52,500 m² engine workshops, specialised in V2500, CFM56 and RB211 engines, and its test cell, located in Madrid to be ready to accept this new technology engine.
|
Iberia Maintenance will receive its first GTF engine in 2023.
|
|
This contract demonstrates Iberia Maintenance's high-level of experience and competitiveness and its ability to adapt to new market demands. It is a strategic step to expand its scope of activity and service to new generation engines that will be powering aircraft fleets during the coming decades.
|
|
|
|
|
|
|
|
click here to download the latest PDF edition
|
|
|
|
click here to download the latest PDF edition
|
click here to subscribe to our other free publications
|
|
AIRCRAFT & ENGINE MARKETPLACE
|
click here to view in PDF aircraft and engines available for sale and lease
|
|
|
|
|
|
|
|
|
|
Interested in advertising with AviTrader?
|
|
Vice President Sales & Business Development
|
|
|
|
|
