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LATEST NEWS
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Thursday, December 1st, 2022
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The International Air Transport Association has released its global cargo demand figures for the month of October, revealing a year-on-year drop of 13.6%, the first year-on-year contraction since April. However, on a month-on-month basis, international cargo capacity was up by 2.4% as the end of year peak season approaches.
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IATA also pointed out that new export orders, which are a leading indicator of cargo demand, are shrinking in all markets except China and South Korea. In addition, the latest global goods trade figures revealed a 5.6% expansion in September, a positive sign for the global economy. This is expected to primarily benefit maritime cargo, with a slight boost to air cargo as well. The US dollar has risen sharply in value, with the broad real effective exchange rate in September 2022 reaching the highest level since 1986. A strong dollar affects air cargo and as many costs are denominated in dollars, the currency’s appreciation adds another layer of cost on top of high inflation and high jet fuel prices.
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“Air cargo continues to demonstrate resilience as headwinds persist. Cargo demand in October -- while tracking below the exceptional performance of October 2021-- saw a 3.5% increase in demand compared to September. This indicates that the year-end will still bring a traditional peak-season boost despite economic uncertainties. But as 2022 closes out it appears that the current economic uncertainties will follow into the New Year and need continued close monitoring,” said Willie Walsh, IATA’s Director General.
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A summary of year-on-year figures is as follows: Asia-Pacific airlines saw their air cargo volumes decrease by 14.7% in October, North American carriers posted an 8.6% decrease in cargo volumes in October, European carriers saw an 18.8% decrease in cargo volumes during October, while Middle Eastern carriers experienced a 15.0% year-on-year decrease in cargo volumes. Latin American carriers reported a decrease in demand of 1.4% in cargo volumes and African airlines saw cargo volumes decrease by 8.3%.
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Embraer has secured a new firm order for five E195-E2 aircraft from an undisclosed airline with plans for future growth.
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Embraer will deliver four aircraft by the end of 2023, with the final aircraft completing the deal in early 2024. The list price value of the contract is US$389.4 million, which will be added to Embraer’s Q4 backlog.
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Boeing has been awarded a contract to deliver two additional KC-46A Pegasus tankers to the Japan Air Self-Defence Force (JASDF), bringing the total on contract for Japan to six aircraft. Boeing delivered the first KC-46A tanker to Japan in October 2021 and a second in February 2022.
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Designed to refuel all allied and coalition military aircraft compatible with international aerial refuelling procedures, the proven Pegasus has flown more than 10,000 sorties and is delivering millions of pounds of fuel every month to allied forces around the globe. In addition to refuelling, the KC-46A delivers multi-mission capabilities necessary for the 21st century fleet, including data connectivity and personnel, cargo and aeromedical transportation.
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Boeing builds KC-46A aircraft for the U.S. Air Force, the JASDF and other allied customers on its 767-production line in Everett, Washington. In addition, Boeing’s Japanese partners produce 16% of the KC-46A airframe structure. The JASDF also operates four earlier-generation Boeing-built KC-767 aircraft.
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Mobile Engine Services (MES) have become a real success story for Lufthansa Technik AG. More and more customers are relying on smart repair solutions that can avoid or delay extensive engine overhauls and thus save costs. Lufthansa Technik's revenue from MES services increased by more than a third in 2022 compared with the pre-crisis year 2019. Accordingly, the global MES network consisting of five highly specialized sites to date, will be further expanded.
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A new and much larger repair station opened on November 30, just outside Dublin. Lufthansa Technik's Irish MES site is located in Celbridge and offers a 3500 m² state-of-the-art facility with ten engine bays, providing twice the previous capacity. Currently, the facility already has 30 highly qualified employees working on CFM56-5B and CFM56-7B engines, which are used on the Airbus A320ceo family and the Boeing 737 Next Generation respectively. If business continues to develop, there are plans to double the number of employees within the next two years.
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MES customers include airlines, lessors and engine manufacturers. Depending on their needs and the requirements and complexity of the repairs, Lufthansa Technik's Mobile Engine Services offer a wide range of surgical solutions either directly on-wing (InOperation), at the customer's site (InField) or at one of the MES stations (InStation).
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Skyports Infrastructure, a leading Advanced Air Mobility (AAM) infrastructure provider, and private airport operator Corporación América Airports S.A (CAAP), have signed a memorandum of understanding (MOU) to plan the development and deployment of vertiport infrastructure for electric vertical take-off and landing (eVTOL) operations.
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Skyports and CAAP will combine their distinct industry and technical expertise to share best practices for vertiport design concepts in markets of mutual interest. The collaboration will involve developing vertiport networks and operations for relevant use cases and detailed planning for the deployment of permanent vertiport infrastructure.
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As part of these efforts, the companies will evaluate which of CAAP’s assets are best suited for vertiport deployment, prioritising sites based on market readiness and opportunity. Location details for prospective vertiports will be confirmed at a later stage in the partnership.
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The partnership between the two companies is an important step in the growth of the AAM industry in Latin America and supports the development of operationally critical vertiport networks.
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Airbus and Neste, a world-leading producer of renewable fuels, have signed a Memorandum of Understanding (MOU) to jointly advance the production and uptake of sustainable aviation fuel (SAF). Both parties share a vision that SAF is a key solution to helping reduce greenhouse gas emissions of air travel. This collaboration aims to accelerate the aviation sector’s transition to SAF.
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Neste and Airbus recognize that one of the biggest challenges in accelerating SAF use is the ramp-up of SAF production. This collaboration is laying the foundation for both Airbus and Neste to drive SAF development across the global aviation industry. It will allow the partners to explore business opportunities together and jointly promote the production and use of sustainable aviation fuel. The focus will be on the technical development of SAF, fuel approval and testing of current and future production technologies and investigating how "100% SAF" use can be enabled.
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This is the second collaboration between Airbus and the energy provider Neste after the ‘Emission and Climate Impact of Alternative Fuels’ (ECLIF3) exploration on SAF with German research centre DLR. With this MoU, Airbus and Neste will be further working on the technical aspects of the challenge to reach the 100% SAF certification.
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The whole ecosystem is playing an essential role to ensure the increased uptake of SAF. Besides working on the technical aspects, Neste and Airbus will therefore investigate concrete SAF projects and business opportunities across the world with airlines and other stakeholders.
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Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has announced that DSV Global Transport and Logistics has become the carrier's first partner to purchase sustainable aviation fuel (SAF) to offset the carbon emissions of its cargo shipment.
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Via the book and claim system, Etihad Cargo facilitated DSV's SAF purchase, enabling the transport and logistics provider to offset CO2 emissions and reduce non-CO2 climate impact. Etihad Cargo transported DSV's cargo shipment from Washington Dulles to Abu Dhabi on Etihad's first transatlantic NetZero flight on November 13.
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Etihad's Boeing 787 "Greenliner" combined SAF with contrail prevention technology from its partner, SATAVIA, to actively manage carbon emissions and non-CO2 climate effects from contrails, or condensation trails, which cause surface warming and are responsible for up to two-thirds of aviation's climate impact.
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Offering partners and customers the option to transport cargo more sustainably via the SAF book and claim system is the latest step in Etihad Cargo's sustainability journey. In alignment with Abu Dhabi Environment Vision and Etihad Aviation Group's sustainability strategy, Etihad Cargo has pledged to achieve net-zero carbon emissions by 2050. The carrier is targeting a 20% reduction in emissions intensity by 2025 and aims to cut 2019 net emissions by 50% by 2035.
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Jet Parts Engineering (JPE), a leading PMA parts and engineered repairs provider, has announced the acquisition of Northeast Aero Compressor (NEACO), a certified 145 repair station and industry leader specializing in the maintenance of complex pneumatic, hydraulic, fuel and electromechanically systems while incorporating DER repair and PMA capabilities.
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The acquisition of NEACO by JPE creates a diversified leader in PMA parts DER repairs, and component repair/overhaul capabilities to offer a broad array of aftermarket services to their commercial, cargo, regional and military aircraft customers. JPE plans to invest significantly in NEACO’s Bohemia, NY facility to expand its technical resources and meet high market demands for aftermarket repairs.
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PTS Aviation, a StandardAero company, has completed the sale of one CFM56-7B engine with lease attached to Aerovista FZC, an aviation asset manager based in Dubai, United Arab Emirates.
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This sale represents PTS Aviation’s fifth publicly announced transaction since StandardAero signed a definitive agreement to purchase the company in December 2021, a deal which marked StandardAero’s tenth acquisition since March 2015. Founded in 1995, PTS Aviation has over 150 years of combined aviation management experience and significant expertise buying, leasing and selling engines, modules and high-quality used serviceable material (USM).
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