Daily2018-02-20
Follow-Us-Facebook
Follow Linkedin
Follow Twitter

LATEST NEWS

Monday, November 21st, 2022

brought to you by
KEL-Sponsor2022

Boeing’s 2022 World Air Cargo Forecast predicts doubling of demand over next 20 years

Boeing has released its latest biennial World Air Cargo Forecast (WACF) in which it has predicted both a 60% expansion of the world’s freighter fleet and also a doubling of cargo traffic over the next 20 years. This equates to 2,800 converted and purpose-built aircraft through to 2041.

The American planemaker also sees strong demand for its 777-8 Freighter as carriers look to switch over to more fuel-efficient and sustainable jet aircraft. The company also predicts that of these 2,800 aircraft, approximately one third will be new jets and 66% will be conversions of existing planes, such as the 737-800 BCF (Boeing Converted Freighter).

Boeing sees the greatest increase in demand coming from the Asia-Pacific region which will see it’s share reach the 40% mark of new and converted freighters. Overall, taking into account replacement aircraft, it is forecast that the size of the global freighter fleet will reach 3,600 jets by 2041.

"While the air cargo market is returning to a more normal pace after historic demand in the last two years, structural factors including express network growth, evolving supply chain strategies and new cargo-market entrants are driving sustained freighter demand,” said Darren Hulst, Boeing vice president of Commercial Marketing. “In the global transportation network, air freighters will continue to be a critical enabler to move high-value goods, in increased volume across expanding markets.”

PRW_18

Finnair reduces approximately 150 jobs as it responds to impacts of Russian airspace closure

Finnair has ended the change negotiations that were started early October on its plan to reduce 200 jobs globally. The plan was linked to Finnair’s new strategy published on September 7, which targets to restore Finnair’s profitability. Due to the dramatic changes in Finnair’s operating environment caused by the closure of Russian airspace, Finnair now reduces approximately 90 jobs in Finland. Some employees can be offered a new role at Finnair. Outside Finland, 57 jobs will be reduced. The personnel reductions will be implemented by the end of February 2023.

"Finnair employees are committed professionals, who in many ways have already had to stretch, first during the pandemic, and then because of the war started by Russia. I’m deeply sorry that we must take these difficult but necessary measures in our quest to restore our profitability," says Topi Manner, Finnair CEO.

The change negotiations concerned some 770 employees in Finland who work in executive, manager and expert roles. Finnair has a total of approximately 5300 employees globally.

Finnair offers those who will become redundant support in re-employment through a change security program NEXT. This includes among other individual career coaching and training opportunities.

Finnair continues its determined actions to restore its profitability, for example through decreasing unit costs and strengthening unit revenues.

AVY_02

SITA strengthens partnership with Geneva Airport

Passengers traveling from Geneva Airport can now breeze through self-service touchpoints at check-in, bag-drop and security thanks to digital passenger processing technology from SITA. The new touchpoints are helping to reduce wait times and provide more flexibility to passengers increasingly seeking digital travel solutions.

Passengers and staff will also soon further benefit from boosted efficiencies thanks to Geneva Airport’s new Airport Operations System (AOS), enabling intelligent optimisation of operational processes and improving real-time information sharing to passengers and staff airport wide.

This investment in the newest passenger and operational technologies is part of a wider revamp of Geneva Airport aimed at elevating the passenger experience while preparing the airport for future demands.

SITA has already, in recent weeks, delivered its self-bag drop stations to Lufthansa Group airlines and its pre-security e-gates to optimise passenger access to security.

By summer 2023, SITA will deliver 15 Smart Path Scan and Fly Mini self-bag drop units as well as 30 Smart Path TS6 kiosks, which include payment functionality. This self-service experience is able to handle skis, a first for EasyJet passengers flying from Geneva. The airport will also be the first to use SITA’s common-use payment solution with the P2PE (point-to-point encryption) certification. This will help passengers easily and securely pay for additional services such as excess baggage or ski allowances, using contactless payment methods during the self-bag drop process.

SET_01

RAF Voyager takes to the skies powered entirely by 100% SAF

The Rolls-Royce Trent 700 engine has helped the Royal Air Force (RAF) and industry partners to carry out a world-first 100% sustainable fuel flight using a military aircraft of its size, and the first of any aircraft type in the UK.

An RAF Voyager – the military variant of an Airbus A330 – took to the skies over Oxfordshire powered entirely by 100% sustainable aviation fuel (SAF), paving the way for a range of possibilities for the future of flying military and civilian aircraft.

The flight was a joint endeavour between the RAF, DE&S and industry partners Rolls-Royce, Airbus and AirTanker, with the fuel supplied by Air bp.

Rolls-Royce has played a vital role in enabling the flight to take place, by securing the technical approval for sustainable aviation fuel use on the Rolls-Royce Trent 700 engine which powers the RAF Voyager fleet.

Prior to the Voyager flight, Rolls-Royce conducted a number of successful trials with sustainable aviation fuel on aircraft powered by their engines. This forms part of the organisational commitment to demonstrate sustainable aviation fuel compatibility on their products as part of the organisation’s net zero roadmap.

PEN_01

DAE completes acquisition of SKY Fund I Irish, Ltd.

Dubai Aerospace Enterprise (DAE) has completed the previously announced acquisition of SKY Fund I Irish, Ltd and its subsidiaries (SKY Fund I) on Friday, November 18, 2022.

Sky Fund I own and is committed to own 36 aircraft on lease to 14 airline customers in 11 countries. Next-generation technology aircraft represent more than 90% of the acquired portfolio.

Following the acquisition of SKY Fund I, DAE Capital’s fleet of owned, managed, committed and mandated-to-manage aircraft will grow to nearly 500 aircraft. The owned portfolio will comprise of nearly 50% of fuel-efficient, next- generation aircraft.

DAE Chief Executive Officer, Firoz Tarapore, commented, “This acquisition of mainly next generation, fuel-efficient aircraft supports our continued growth and furthers our commitment to invest in new technology aircraft, reducing the emissions intensity of our overall fleet. We are delighted to welcome our new airline relationships to the business and deepen our relationship with existing airline customers.”

Silk Way West Airlines signs order for GE9X, GE90 engines to power cargo fleet

Silk Way West Airlines announced an order for a combined total of 16 GE9X and GE90 engines to power its fleet of long-haul Boeing 777 aircraft.

Silk Way West recently announced the purchase of GE9X-powered Boeing 777-8 Freighters and GE90-powered Boeing 777 Freighters to upgrade its cargo fleet. The engine order includes five GE9X engines and 11 GE90 engines.

Founded in 2012 in Baku, Azerbaijan, at the heart of the Silk Road, Silk Way West Airlines is the largest cargo airline in the Caspian Sea region. Based at Heydar Aliyev International Airport, the airline operates around 350 monthly flights across Europe, Asia and the Americas via its fleet of 12 dedicated Boeing 747-8- and Boeing 747-400-freighter aircraft. The airline's annual cargo turnover exceeds 420,000 tonnes, while its growing route network covers over 40 destinations across Europe, the CIS, the Middle East, Central and Eastern Asia and the Americas.

Silk Way West Airlines is part of Silk Way Group, which consists of three companies – Silk Way West Airlines, Silk Way Airlines and Silk Way Technics.

Collins selected to participate in multiple EU Clean Aviation projects

Collins Aerospace has been selected to participate in seven projects under the European Union’s Clean Aviation Joint Undertaking. As part of the initiative, Collins will collaborate with European airframers, engine makers, suppliers and academia to develop disruptive sustainable aviation technologies. The company estimates that the funding it receives from Clean Aviation combined with its own R&D investments will reach €85 million.

“With our expertise in a broad range of aircraft systems and a strong research and engineering presence in Europe led by our Applied Research and Technology (ART) organisation, Collins is well-positioned to support the EU’s ambitious Clean Aviation goals,” said Mauro Atalla, Senior Vice President, Engineering & Technology for Collins. “Together with our industry partners, we will advance our shared commitment to net-zero flight by breaking new ground on a range of solutions critical to the next generation of sustainable aircraft—from hybrid-electric propulsion, to thermal management, to systems for novel wing designs.”

Pulling together the best talent and capabilities of the private and public sectors, the Clean Aviation Joint Undertaking is the European Union’s leading research and innovation programme for transforming aviation towards a sustainable and climate neutral future. Projects that involve UK sites will be supported by funding from UK Research and Innovation, working in concert with Clean Aviation.
AviTrader_Weekly_Headline_News_Cover_2022-11-21

click here to download the latest PDF edition

MRO-2022-11 Cover

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

Follow Twitter
Follow Linkedin
Follow-Us-Facebook
Interested in advertising with AviTrader?

Tamar Jorssen
Vice President Sales & Business Development
Email: [email protected]
Phone: +1 (788) 213 8543
Tamar