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LATEST NEWS
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Monday, December 12th, 2022
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On Friday, December 9, China Eastern Airlines took delivery of the first-ever Commercial Aviation Corp of China (COMAC) C919 narrow-body jet. The plane is in a 164-seat configuration and has “the world’s first C919” emblazoned on its side in Chinese and English.
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Its maiden route will be between Shanghai and the China’s capital, Beijing. On delivery, the plane then took off for a short 15-minute flight to mark the historic occasion. Designed to rival the Airbus A320neo and Boeing 737 MAX single-aisle jets, China Eastern’s C919 is expected to enter into commercial service in spring next year, having received certification for safe operations in September this year and certification for mass production in November. This is the first of five C919s ordered by China Eastern with the remaining four due for delivery through 2024.
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COMAC is anticipating ramping up delivery to 25 units per year by 2030, which is less than half the production rate of either Airbus or Boeing with their single-aisle jets. Additionally, COMAC is heavily reliant on parts and components from Western countries, together with flight control systems and engines, from the likes of GE, Safran and Liebherr Aerospace (integrated air management system). To reduce the level of dependence, China is actively looking to increase the number of domestically produced parts for the C919, while also building an alternative engine, the CJ-1000A which is currently under construction.
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Jackson Square Aviation has completed the financing of three additional Airbus A321neo aircraft to Pegasus Airlines, completing a four-aircraft package.
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“We are delighted to have worked closely with Pegasus and Airbus on completing the financing of these four Airbus A321neo aircraft” said, Christophe Million-Rousseau, SVP Marketing and Capital Markets EMEA. He added, “This transaction reflects our strong partnership with Pegasus and demonstrates our commitment to creating tailored fleet solutions and financing the latest technology fuel-efficient aircraft to meet our customers’ progressive business goals.”
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Capital A Berhad, the parent company of AirAsia, has released that the company, through its wholly owned subsidiary, AirAsia Aviation Group Limited (AAAGL), on December 9, 2022 executed the below following agreements with the purpose of forging a joint venture with Sivilai Asia Co., Ltd (Sivilai Asia), a company incorporated in Phnom Penh, Cambodia, to establish a low-cost airline in the Kingdom of Cambodia based on the successful AirAsia business model.
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- A share subscription agreement for AAAGL to invest 51% and Sivilai Asia to invest the remaining 49% of the issued and paid-up capital of a Cambodian joint venture company to be incorporated under the name AirAsia (Cambodia) Co., Ltd’ or a similar name approved by the relevant governmental authorities (AirAsia Cambodia); and
- A shareholder's agreement with Sivilai Asia to operate, if permitted by the relevant Governmental Authorities, low-cost passenger air transportation and ancillary services on domestic routes in Cambodia and on international routes. The agreement records rights and obligations of each party relating to the operation and management as well as their shareholding in AirAsia Cambodia.
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IBA, a leading aviation market intelligence and consultancy company, has highlighted the growth potential of the helicopter finance and leasing market.
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Looking at the helicopter market overall, IBA outlined how there are currently over 22,000 western-built turbine aircraft in operation. In comparison to fixed-wing aircraft leasing, the helicopter leasing market is less mature with more opportunities for growth in multiple global markets.
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IBA experts found that the medium-sized helicopter fleet represent the highest combined value. The average age of leased helicopters is around 15 years, with medium helicopters having the highest average at 17 years, followed with super-medium and light both at 14 years, and heavy at 11 years. Looking at specific aircraft, the Leonardo AW139 and Sikorsky S-92A are the most leased helicopter models.
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The largest geographical leasing market is Europe, where 12% of all helicopters in Europe are leased, followed by North America with 8%.
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Between 500 and 550 helicopters are expected to be delivered in 2022.
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Breaking down the fleet by size category, the light-helicopter market (2.5 to 4 tonnes), has grown steadily since 2012. Leonardo and Airbus’ combined fleet represent over 80% of the light-twin-helicopter market, with helicopters in this segment typically having a list price of between US$5 million and US$10 million.
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The medium-helicopter-market (4 to 7 tonnes) is set to grow to around 4,200 assets in 2022. Leonardo deliveries outpaced other OEMs in recent years, while Bell’s output has slowed. The list price range of this weight category is largely between US$10 million and US$18 million.
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The price range of the super-medium weight category (7 to 9 tonnes), is estimated to be between US$15million and US$22 million. Airbus and Leonardo are the main OEMs for this category. The long-term demand for this weight category is being driven by offshore oil and gas growth.
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In the heavy category (over 9 tonnes), Airbus and Sikorsky dominate this market with the H225 and S-92A respectively. 2022 has seen increased demand for the S-92, but any potential new built models are unlikely to enter the market until 2025. According to IBA, there has been increasing demand for this category in recent months due to offshore drilling activity.
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IBA experts also gave an overview on eVTOL aircraft, where wide-ranging interest has come from traditional airlines, lessors and taxi operators. The market is expected to grow by ~30x within the next ten years to around US$700 million.
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Established industry investors now in the eVTOL market include Airbus, Beta Technologies, Elroy Air, Lilium, Vertical Aerospace Group and XTI Aircraft Company.
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Pro Star Aviation, an innovative aerospace modification centre, has promoted Jeff Shaw to Director of Sales and Marketing.
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Shaw has served as Director of Business Development at Pro Star Aviation for over six years. He was responsible for programme development and company direction to maintain an edge in the avionics and installation upgrade industry. He will lead a team of three regional sales managers, two inside sales managers and an administrative assistant in his new role. His primary function will be to lead the strategic efforts in growing Pro Star Aviation's footprint in the Northeast.
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Shaw's career in aviation spans over 25 years, starting as an Ops Agent with the airlines. He's served as an Avionics Technician and Chief Inspector and earned his BS in Aviation Management at Florida Tech and AS in Aviation Technology at NH Technical College. He holds an FAA Commercial Pilot-Instrument rating and A&P certificate.
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Sabre Corporation, a leading software and technology provider that powers the global travel industry, has renewed a global distribution agreement with China Southern Airlines as the carrier ramps up overseas routes.
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The multi-year renewal ensures that China Southern can continue distributing its content to the vast network of travel agents and corporations connected to Sabre’s global distribution system (GDS). The deal strengthens a long-standing relationship between China Southern, which is China’s largest carrier by passenger volume, and Sabre, with the airline also using Sabre’s fares and contract management solutions.
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As China Southern steadily resumes international routes and looks forward to further travel recovery in China, the airline will be using Sabre technology to get its fares and offers in front of agents and their travellers, worldwide.
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With main hubs at Guangzhou Baiyun International Airport and Beijing Daxing International Airport, China Southern Airlines is preparing for increasing future tourism, having recently announced the resumption of routes to major international destinations.
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The German Heron TP (GHTP), remotely piloted aircraft system (RPAS), is a unique German and Israeli Project, contracted to Airbus and IAI for modification, production and operation by the German Airforce.
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The Type Certificate is the result of years of intensive type certification effort by the prime contractor Airbus DS Airborne Solutions GmbH (ADAS), a 100% Airbus subsidiary and its partner the GHTP OEM Israel Aerospace Industry (IAI) together with the German Military Aviation Authority (GMAA).
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The type certificate attests GHTP's compliance with the latest version of military airworthiness standard (STANAG 4671). The effort included adaptations of multiple systems to be compliant with the required standards, compilation and review of hundreds of documents and multiple reviews and tests, in close cooperation between GMAA, ADAS and IAI. All this was performed, and brought to very successful conclusion, despite the challenges imposed by the COVID-19 pandemic.
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