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LATEST NEWS
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Wednesday, October 26th, 2022
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MONTE, a financier of sustainable regional aviation technologies, has placed a firm order for 25 hybrid-electric Cessna Eco Caravan aircraft with Ampaire, with an option for a further 25 of the aircraft included in the deal.
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Established in 2016, Los Angeles-based Ampaire is involved in upgrading and converting existing passenger aircraft to hybrid-electric power. The Eco Caravan is a hybrid-electric upgrade of the Cessna Grand Caravan. The Eco Caravan is capable of reducing fuel and emissions by as much as 70% on shorter trips and up to 50% on longer trips, while maintaining the same payload capability and extending the aircraft’s range. When flown on sustainable aviation fuel (SAF), the Eco Caravan effectively becomes carbon neutral. In comparison, the Eco Caravan’s operating cost is 25 to 40 percent below that of the Cessna Grand Caravan, though this does depend on the type of mission flown.
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The aircraft can recharge its batteries in flight, thus enabling it to use any airport that Cessna Caravans currently fly to and from, irrespective of ground charging capability. The nine-passenger Eco Caravan is presently undergoing ground power tests and will fly later this year. It is the first hybrid-electric aircraft to enter the certification process with the FAA. A supplemental type certification for the upgraded aircraft is expected in 2024. It will therefore offer the earliest opportunity for regional carriers to fly in the most sustainable way possible.
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MONTE focuses solely on providing financing and leasing solutions for low- and zero-emission technologies to regional aircraft operators. The company’s goal is to become the first carbon-neutral aircraft leasing company in the world by 2027.
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AJW Group, a leading independent aircraft component parts, repair, and supply chain solutions provider, is signed a of a new power-by-the-hour (PBH) component support agreement with Dominican Republic’s new flagship Airline Arajet S.A.
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The PBH support agreement will cover Arajet’s expanding fleet of Boeing 737 MAX aircraft with its flight hour support programme, tailored to the operator’s needs, guaranteeing the supply, repair and overhaul of rotable components, underpinned by AJW’s global inventory of Boeing 737 MAX spares and MRO services from the Group’s maintenance facility, AJW Technique, in Montreal.
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Caribbean’s first ultra-low-cost airline Arajet S.A., based in Santo Domingo, Dominican Republic, began operations in September 2022 with its fleet of LEAP powered B737 MAX aircraft and road mapped to increase to 26 aircraft following delivery of an order placed with Boeing earlier this year.
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Avolon, the international aircraft leasing company, has posted results for the third quarter of 2022. The company reported net income for the three months to 30 September 2022 of US$141 million and US$227 million for the nine months to 30 September 2022 (excluding the impact of Russia).
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Avolon recognised US$546 million of lease revenue and generated US$278 million of net cash from operating activities in the quarter. The company ended the quarter with total available liquidity and contracted sales of approximately US$6.8 billion, including US$5.7 billion of undrawn debt facilities and with US$16 billion of unencumbered assets and net leverage of 2.3x.
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During the quarter Avolon agreed on a landmark transaction with Malaysia Airlines for the financing of 20 A330-900neo aircraft valued at over US$2 billion. The company upsized unsecured revolving credit facility by US$0.2 billion bringing the total facility size to US$4.6 billion and executed a US$0.7 billion term financing facility maturing 2029.
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Boeing has delivered the first AH-64E Version 6, or v6, Apache helicopter featuring improved performance, sensors and software to the Royal Netherlands Air Force (RNLAF).
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As part of a Foreign Military Sale through the U.S. Department of Defense, Boeing received a contract in 2019 to remanufacture 28 RNLAF AH-64 D-model Apaches to the advanced AH-64E v6. Delivery for the final E-model Apache to the country is targeted for 2025.
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The Dutch have operated D-model Apaches since 1998. Deliveries of remanufactured E-model Apaches represents the next step in the long-term partnership between Boeing and the country. Apaches continue to be an important element of European defence, and are currently operated by several European allied nations.
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Air Côte d’Ivoire, the national airline of the Republic of Côte d’Ivoire, has signed a firm order for two A330neo aircraft to support its growth strategy. The agreement was announced at Airbus headquarters in Toulouse.
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The airline currently operates a fleet of six Airbus aircraft comprising one A320neo, two A320ceos and three A319s. The new A330neo wide-body aircraft will enable Air Côte d’Ivoire to grow its network and efficiently launch long haul routes in view of the airline’s transcontinental expansion strategy.
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FL Technics and Wizz Air have signed an agreement for wheels and brakes solutions to be provided over the course of five years.
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Starting from October, FL Technics will be providing wheels and brakes services for the carriers ever-expanding fleet of Airbus A320-family aircraft. A full scope of services is set up, including repair and overhaul, storage and supply chain, as well as management solutions. Such an integrated approach allows FL Technics to maximise the efficiency of services and, moreover, significantly contribute to the airlines’ effort in reducing impact on the environment, both by faster turn-around-times and lower flight ranges necessary between the maintenance visits.
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FL Technics wheels and brakes solutions is the latest addition to the already extensive portfolio of partnerships between the two companies, as Wizz Air leverages capacity and capabilities of independent global MRO network operated by FL Technics.
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Amman-based MRO provider Joramco, the engineering arm of Dubai Aerospace Enterprise (DAE), has signed its first maintenance agreement with euroAtlantic Airways. The new agreement stipulates that Joramco will perform heavy checks, paint and placard installation on two Boeing 777 from the euroAtlantic Airways fleet.
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Furthermore, the company has entered into a new agreement with flyadeal, based in Jeddah. Under this agreement, Joramco will perform a major structural repair on aircraft from flyadeal's A320neo fleet, which will include central and lateral panels, frame 1, bulkhead, and aircraft painting.
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Honeywell has appointed Turkish Technic, a maintenance, repair and overhaul organisation, to be an authorised Honeywell service centre for the 131-9A auxiliary power units (APUs) installed on the Airbus A320 aircraft series. Turkish Technic is already a Honeywell channel partner with repair capabilities on 131-9 APUs on Boeing 737s and will be able to utilise its expertise for Airbus aircraft.
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Under the terms of the agreement, Turkish Technic will provide inspection, repair, overhaul and upgrades for 131-9A and 131-9B APU models. Owners and operators of these aircraft will be able to repair their APUs locally in Turkiye instead of sending them to facilities outside the region.
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