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LATEST NEWS
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Tuesday, January 17th, 2023
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At the annual Airline Economics conference in Dublin, Angus Kelly, the CEO of Dublin, Ireland-based AerCap, the world’s largest aircraft lessor, warned that delivery problems currently being faced by aircraft manufacturers such as Boeing and Airbus resulting in over-promising and under-delivering were likely to continue for many years. Beyond this, Kelly also made it clear that in his opinion, aircraft manufacturers were not being sufficiently transparent with carriers and that notice of any delays to ordered aircraft were being issued far too late in the day.
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"The challenge with the OEMs (original equipment manufacturers) today is the short-dated nature of how they're notifying airlines of the delays," Kelly said. "If you're an airline looking towards the summer of 2023, you've sold the seats, you've hired the crews, you've booked the slots and if the airplane doesn't show up, you're in real trouble," adding that some airlines were opting to buy 20-year-old aircraft rather than take a risk on new models.
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As one of Airbus' largest customers, he went on to say that: "I think candidly that we have seen Airbus sell too much on massive optimism about what they could deliver. We've seen several revisions of what Airbus thought they would deliver in 2022. I think we're going to see that the feature of the OEMs for years to come."
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According to Reuters news agency, the CEO of rival lessor Air Lease Corporation has issued a similar warning, saying manufacturers would struggle to meet their delivery commitments in 2023 after over-promising to airlines last year. Kelly did strike an optimistic note with regard to the uptick in demand for travel, anticipating that global demand should return to pre-pandemic levels by mid-2023. "While it's true there's less disposable income in the wallet, we as the aviation industry, the travel industry are not competing against as many things for our share of the wallet," he said.
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Lilium N.V., developer of the all-electric vertical take-off and landing (eVTOL) Lilium jet, has released that the Board of Directors has appointed Oliver Vogelgesang as Chief Financial Officer (CFO) and Sebastien Borel as Chief Commercial Officer (CCO) with immediate effect. Vogelgesang will take over from Geoffrey Richardson, who is stepping down following a successful tenure, including bringing Lilium through a listing on NASDAQ.
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As experienced aerospace executives currently in senior leadership roles at Lilium, Vogelsang and Borel are uniquely positioned to support CEO Klaus Roewe in the continued development of Lilium’s eVTOL jet.
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Vogelsang joined Lilium in July 2021 as SVP Finance & Controlling, tasked with building the controlling and investor relations functions. He brings almost 30 years of finance and aerospace experience, most recently serving as Managing Director Finance Airbus Germany and SVP Finance & Controlling of the important Airbus A320 programme.
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Borel joined Lilium in November 2021 as Vice President, Business and was appointed SVP Commercial in April 2022. Prior to joining Lilium, he held various key management positions at Honeywell and Airbus in addition to his start-up experience in the U.S., including at the InfoTrust Group (now Flatirons Solutions). Since his start at Lilium, he has finalised MoUs and binding contracts for orders of more than 600 aircraft.
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Aviation software specialist Rusada has announced the opening of a new office in Toronto, Canada to support customers and business development in the region.
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The new location will provide easy access to customers in Canada and the Northeast of the U.S., with Montreal, Chicago, New York, and Washington D.C. all only a short flight away.
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Having commenced business in 1987, Rusada has since expanded to eight locations around the globe from which it develops, supports and sells its airworthiness, maintenance and flight operations software ENVISION. The new Canadian office adds to its presence in North America, which began with its Colorado office, opened in 2017. Since then, the company has added numerous North American clients to its customer base and established partnerships with key industry integrators. With the new office Rusada aims to continue this recent run of success and further tap into the region’s market potential.
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Los Angeles-based Air Lease Corporation has announced that it has placed six brand-new Airbus jets on long-term lease with Croatia Airlines with delivery set to take place at the beginning of 2024 through to 2025. The leases are for four A220-300s and two A220-100s.
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“We are pleased to announce this lease placement for six new Airbus A220 aircraft with Croatia Airlines,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “ALC looks forward to a successful long-term relationship with Croatia Airlines as the airline modernises and expands its fleet with the newest and most fuel-efficient jets.”
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Through its hub in Zagreb, Croatia Airlines serves dozens of destinations in Europe including Austria, Belgium, France, Germany, Italy, Netherlands, Switzerland and the United Kingdom.
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The U.S. Army has completed the first flight of Honeywell’s EAGLE-M Embedded Global Positioning System/Inertial Navigation System (EGI) with M-Code capabilities. Honeywell is ready to deliver these qualified units featuring next-generation M-code GPS in 2023 to the U.S Army and other customers.
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In collaboration with Honeywell, the Army conducted successful testing of the M-Code-enabled EGI units on the MQ-1C Gray Eagle Unmanned Aircraft System (UAS), which validated its airworthiness to be deployed on military aircraft. M-Code is more resilient than the current generations of global positioning systems (GPS). This next-generation navigation solution enhances the resiliency of the GPS navigation solution to enemy actions. The U.S Army will begin migrating its fleet to the Honeywell EAGLE-M EGI with M-Code in early 2023.
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Brazilian manufacturer Embraer has secured a firm order for 15 new E195-E2 aircraft from an undisclosed customer. The order is valued at US$1.17 billion at list price and will be added to the fourth-quarter 2022 backlog.
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Flybondi, the first low-cost airline in Argentina, has welcomed the year 2023 with the announcement of good news and the continuation of its investment plan in the country.
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Flybondi's twelfth aircraft, a Boeing 737-800 NG, has arrived in Argentina from Arkansas, U.S.A. Flybondi will begin operating the aircraft after carrying out the pertinent administrative procedures for its certification and registration. As announced a few months ago, Flybondi was searching the leasing market for at least five more aircraft to add to its fleet during 2023. Thanks to the success of this plan, which allowed it to double the number of aircraft in its fleet, Flybondi has more than doubled its market share with respect to 2019. Currently holding a market share of 21% for domestic flights and 5% for international flights, the company has positioned and consolidated itself as the second largest airline in the country.
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Additionally, its flights have an occupancy rate above 90%. Flybondi has recently announced its third inter-provincial route and from March 2., it will reconnect the provinces of Córdoba and Salta. This route will have three-weekly flights on Tuesdays, Thursdays and Saturdays.
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In the first few days of January 2023, the airline has reached the number of six million passengers carried since the commencement of its operations. This number reflects the growth experienced by the company in the past two years in terms of market offer and share. It is worth noting that first-time flyers are still included among Flybondi’s passengers: 20% of the passengers carried by the company are people who are flying for the first time in their lives.
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