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LATEST NEWS
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Tuesday, November 15th, 2022
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On top of a recent US$650 million revolving credit facility with a foreign financial institution group, Brazilian planemaker Embraer has secured US$400 million in financing from the Brazilian National Bank for Economic and Social Development (BNDES).
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The financing will be carried out through the BNDES Exim Pre-shipment, a direct bank credit line to produce national goods destined for export.
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“Credit operations are important for the resumption of aircraft production by Embraer at pre-Covid-19 pandemic levels and reinforce the strategic partnership between BNDES and Embraer which started in 1997, consolidating BNDES support to the aeronautical industry and the export of Brazilian aircraft,” highlighted Bruno Aranha, director of BNDES.
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In Brazil, the aviation sector is seen as strategic due to the high technology involved, the employment of qualified labour, and the ability to generate innovations with positive impacts on the country's economy, in addition to being a relevant industry for guaranteeing national sovereignty through defence products.
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Since 1997, when BNDES first supported Embraer, the bank has financed approximately US$25 billion in exports of Embraer’s aircraft, facilitating the export of over 1,275 units to airlines around the world. Over this period of time, the contracted operations have enabled the Brazilian plane manufacturer to be competitive in the foreign market on equal terms with its competition. Embraer is the principal manufacturer of commercial jets with up to 150 seats, the primary exporter of high-value-added goods in Brazil and since its founding in 1969, the company has delivered over 8,000 aircraft. (£1.00 = US$1.18 at time of publication).
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Boeing has delivered the 20th CH-47F Chinook to the Royal Netherlands Air Force (RNLAF), concluding the country’s latest fleet update.
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“Our continuing partnership with the Royal Netherlands Air Force exemplifies the value of a modern and versatile Chinook fleet,” said Ken Eland, Vice President and H-47 programme manager. “These state-of-the art aircraft will significantly improve its defense and humanitarian assistance capabilities.”
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The Netherlands is one of eight NATO countries to operate the Chinook and has fielded the aircraft continuously since receiving its first CH-47D models in 1995. In 2016, the RNLAF purchased 14 new CH-47F Chinooks through the U.S. Department of Defense’s Foreign Military Sales programme. In 2017, the RNLAF signed an agreement to upgrade its remaining six D-model Chinook helicopters to the latest F-model configuration, ensuring commonality of systems for its entire 20-aircraft fleet.
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SAS has reached an agreement with one additional lessor, representing three aircraft, to amend the terms of existing aircraft and equipment lease agreements. Including SAS’ previously announced amended agreements with lessors on October 5 and on November 1, 2022, SAS has now reached agreements with 13 lessors, representing 46 aircraft, as part of the chapter 11 process. This constitutes another important step in re-configuring the fleet and achieving the SEK 7.5 billion in annual cost savings under the SAS FORWARD plan. The new amended lease agreements are subject to approval by the U.S. Bankruptcy Court for the Southern District of New York and to the plan of reorganisation in the chapter 11 process.
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On November 1, 2022, SAS announced that it had reached agreements with 12 lessors, representing in aggregate 43 aircraft, to amend the terms of existing aircraft and equipment lease agreements. Today, SAS announces that an agreement has been reached with one additional lessor – Bocomm – representing three wide body aircraft as well as certain equipment related thereto. SAS had in total 83 aircraft subject to operating leases, debt financings, or other similar arrangements as of the commencement of SAS’ chapter 11 process on July 5, 2022.
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Delta is taking another step toward its goal of net-zero emissions by 2050 as it tests novel drag-reduction technology by Aero Design Labs on its 737-800 and 737-900 fleets. By reducing drag, aircraft are more aerodynamic and use less fuel while in flight.
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The companies' memorandum of understanding includes testing and FAA certification of the technology for Delta's 737-800 aircraft starting in the first quarter of 2023, followed by the 737-900 fleet in the second half of the same year. Delta will have the option to purchase Aero Design Lab ADRS kits upon certification to outfit most of its more than 200 aircraft in the two fleets.
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"This is part of Delta's overall approach to taking short-, medium-, and long-term actions to reach our goal of net-zero by 2050," said Pam Fletcher, Delta's Chief Sustainability Officer. "Our partnership with Aero Design Labs is a great example of how Delta continues to invest in new ways to modify our operations to make an immediate impact on our carbon footprint today, while we work on longer-term solutions to decarbonize our industry."
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Safran Nacelles has signed a four-year agreement with Avianca for the support of the nacelles of the airlines' Airbus A320neo aircraft, powered by CFM International LEAP-1A turbofan engines of which 17 aircraft are already in service. Avianca has plans to rapidly grow the fleet.
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Avianca will have access to Safran Nacelles’ shared pool of nacelles end-items. The airline will also benefit from OEM guaranteed MRO solutions at Safran Nacelles repair station in Indianapolis, Indiana, U.S.A.
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Safran Nacelles’ repair services and spares resources are part of the company’s NacelleLife™ support programme, which ensures responsive, cost-effective and high-quality services that keep airliners in operational condition while minimising costs.
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Lufthansa Technik is currently carrying out the first ever Performance Restoration Shop Visit (PRSV) of a LEAP-1A engine. The PRSV serves to restore the performance of the engine. This special shop-visit gives Lufthansa Technik the opportunity of being the first maintenance organisation to analyse the new engine type under real operating conditions.
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This will help to identify further design requirements for component repair. The LEAP-1A engine is owned by the Swedish charter company Nova Airlines AB (Novair). Novair signed a long-term contract for engine services in 2019, becoming Lufthansa Technik's first-time customer for the new engine type. An initial test run is used first to analyse which modules are responsible for the efficiency losses.
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The goal is to make the dismantling and repair effort efficient while keeping the incurred costs for the customer as low as possible. In addition, the initial analysis also helps to acquire data to create a digital twin of this engine type. This data can then also be used for the digital platform AVIATAR as part of the engine health monitoring.
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"It is with great expectations that Novair now submit its first LEAP-1A to Lufthansa Technik for performance restoration," said Thomas Krook, Director Technical Operations at Novair. "Few things mean as much to our airline as getting engines through the shop with the best possible outcome. We look forward to Lufthansa Technik not only delivering the baseline product, but as seen in the past - developing knowledge and methods for sending engines back to us with the highest possible return of investment in the shop visit."
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Textron Aviation has promoted Brett Pierson to the role of Senior Vice President, Defense and Special Missions, which includes serving as President and CEO of Textron Aviation Defense. Pierson previously served as Vice President, Defense Strategy and Sales, and will succeed Tom Hammoor who is retiring after serving in this leadership role for the past seven years.
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Pierson will oversee all aspects of the Textron Aviation Defense business from aircraft sales to training and aftermarket support. He brings more than three decades of Department of Defense leadership, defense acquisition and test-flight experience to his new role. A decorated former Naval officer and pilot, he joined Textron Aviation Defense in 2017 as a senior test pilot.
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Skyways Technics, an MRO company focusing on regional aircraft support, has been certified by the United Kingdom Civil Aviation Authority (UK CAA), an independent aviation and aerospace regulator, to release and distribute UK-registered aircraft and aircraft components in its workshops around the globe.
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The certification from UK CAA is a vote of confidence in the company's commitment to bring industry-leading solutions to its clients that meet the highest standards in quality, safety, performance and sustainability in the global aviation sector.
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Following its recent 10th anniversary, this achievement marks a new milestone in the company’s history.
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