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LATEST NEWS
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Wednesday, February 15th, 2023
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As reported by AviTrader on January 23, Tata-owned Air India has confirmed that it is to acquire 250 jets from European planemaker Airbus, and 190 jets from America’s Boeing Co, with an option for a further 100 jets from the latter.
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The order from Airbus will include 140 A320neo and 70 A321neo single-aisle aircraft, while 34 A350-1000 and six A350-900 wide-body jets will see the A350-family of jets entering the Indian market for the first time. The Airbus order will enable Air India to both modernise and expand its fleet in order to create a larger and premium full-service carrier able to cater to the growing travel demand in the region. Deliveries are set to begin with the first A350-900 arriving by late-2023.
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Over the next ten years it is estimated that India will have the largest population in the world and with an expanding economy a burgeoning middle class will spend more on air travel. Consequently, passenger traffic in India will grow rapidly, including on the long-range markets in the U.S., Europe and Asia-Pacific which the the A350 will be well positioned to serve.
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Air India has also confirmed it will be buying 190 Boeing 737 Max narrow-body jets, along with 20 787 Dreamliners and ten 777X wide-body jets, while also taking an option on 50 further 737 MAXs and 20 787-9s. The carrier has also contracted with Boeing Global Services for lifecycle support services, including digital solutions, spare parts and landing gear exchange programs, pilot and maintenance technician training, aircraft modifications and other services.
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Sabre has renewed the multi-year SabreSonic Passenger Service System (PSS) agreement with JetBlue. The agreement also extends the carrier’s long-term distribution agreement to continue offering its content on the Sabre GDS.
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Sabre will help JetBlue deliver a more tailored customer experience and capture additional revenue opportunities through its PSS. Through the Sabre GDS travel marketplace, JetBlue will distribute its flights and services to Sabre’s extensive global network of travel buyers. This will allow Sabre-connected corporate, leisure and online travel agency subscribers to deliver even more choice and value to their travelers.
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Based in New York City, JetBlue is the sixth largest airline in the U.S. and operates over 1,000 flights daily, serving over 30 million customers annually.
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Rolls-Royce and Air India have signed an MoU for 68 Rolls-Royce Trent XWB-97 engines, plus options for 20 more. The Rolls-Royce Trent XWB-97 engine exclusively powers the Airbus A350-1000 aircraft. Air India has also ordered 12 Trent XWB-84 engines, the sole engine option for the Airbus A350-900 aircraft.
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This is the first time that an Indian airline has ordered the Trent XWB engine and the deal will make Air India the largest operator of the Trent XWB-97. Financial details of the order are not being disclosed.
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The Trent XWB will support Tata Group and Air India’s ambitious growth plans for the airline, providing reliability, flexibility and efficiency to its fleet as it takes on ultra-long-range routes between India and the U.S. The choice of the latest generation of Rolls-Royce engines also reflects Tata Group’s vision for Air India to become the world’s most technologically advanced airline, with a focus on service, competing on the world stage to deliver best-in-class customer experience.
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The size of the Air India order reflects the increasing demand for air travel in India, which now has the third biggest airline market in the world and is ranked as the fifth largest economy globally. The rise of aviation has been fuelled by continued business growth, favourable government policies, sustained infrastructure development, rising disposable incomes and the travel aspirations of its young, affluent middle class. Industry forecasts show that air passenger traffic in India is expected to grow at more than 6% per year and the industry will require more than 400 medium and large aircraft to support demand.
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International Aerospace Coatings Group (IAC Group) has been selected by Teruel Airport Consortium to develop and operate a new wide-body hangar facility at Teruel Airport in Central Spain under a 25-year concession agreement.
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IAC has committed to developing this strategically located infrastructure, which will serve the company’s new and existing aviation customers and provide Teruel Airport with its inaugural painting facility, creating an expected 80 new, highly skilled jobs for the region.
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The Teruel project represents IAC’s first growth initiative since Tiger Infrastructure Partners (Tiger Infrastructure) acquired IAC in December 2022. At that time, Tiger Infrastructure’s CEO, Emil W. Henry, Jr., signalled the firm’s intention to support IAC management in the growth of the business and, in particular, the expansion of its physical footprint and asset portfolio to support new customer contracts. The Teruel facility will extend IAC’s current portfolio to 18 hangars located at eight airports and two customer sites throughout the United States and Europe. IAC employs more than 1,000 people globally.
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IAC’s core business involves aircraft painting, aviation technical services, aircraft interior refurbishment and aircraft graphic solutions. IAC also provides engineering services and asset management solutions to help customers ensure regulatory compliance through its Eirtech Aviation Services (EAS) division. Its global customer base includes aircraft manufacturers, commercial airlines, aircraft leasing companies, air cargo carriers and governments.
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MTU Aero Engines (MTU) has increased revenue by 27% to €5.3 billion in 2022 (2021: €4.2 billion). The operating profit increased by 40% from €468 million to €655 million. The adjusted EBIT margin rose from 11.2% in 2021 to 12.3% in 2022. MTU reported net income developed in line with the operating profit and rose 39% to €476 million in 2022 (2021: €342 million).
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MTU expects to report revenue of between €6.1 billion and €6.3 billion in 2023. In November 2022, it forecast that revenue would be between €6.4 billion and €6.6 billion.
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“The revised guidance is mainly due to a change in our assumption on the U.S. dollar exchange rate,” explained Lars Wagner, CEO of MTU Aero Engines. MTU’s forecast is now based on a U.S. dollar/euro exchange rate of 1.10 per euro instead of the previous assumption of 1.05.
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The highest revenue growth was 32% to €3.6 billion in commercial maintenance (2021: €2.7 billion). Around 70% of the revenue mix was work in MTU’s core MRO business and around 30% comprised maintenance work on the Geared Turbofan™. MTU had expected organic revenue growth of around 20% in the commercial maintenance business. The main revenue drivers in this business were the PW1100G-JM engine for the A320neo and the V2500, which is used in the classic A320.
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Revenue in the commercial engine business increased by 25% to €1.3 billion (2021: €1.1 billion). The most important revenue driver was the PW1100G-JM. Within the commercial engine business, organic revenue growth in the spare parts business was in the high teen's percentage range, while in the series business it was in the teen's percentage range. The commercial series business was dominated by high deliveries of Geared Turbofan™ engines, stable business with business jet engines and lower deliveries of the GEnx and industrial gas turbines.
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J&C Aero has reported an almost 300% increase in its annual revenue growth, that reached €10 million in 2022. The company has also expanded its cabin interior production facilities to 200 m².
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“2022 was a remarkable year both in terms of challenges and opportunities. We expanded our R&D and engineering units, as well as the CNC metal and composite shop. We also upgraded seat refurbishment, sewing, livery printing and other production facilities. In addition, we invested €1.5 million into new capabilities and further process digitalisation. All of this allowed us to streamline the whole production line and offer larger capacities for the recovering airline market, as well as seek new customers, particularly in the aircraft leasing segment,” shared Laurynas Skukauskas, CEO at J&C Aero.
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According to the annual report, the company’s design team implemented cabin modifications on over a thousand aircraft while the production and Part 145 units produced, refurbished and overhauled nearly 20,000 cabin interior elements, including sidewalls, windscreens, overhead bins, wardrobes, galleys and seats.
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“The highlight of the year was a 12-year check management project with state air company “Ukraina” that operates an Airbus A319 for the transportation of the country’s leadership. On a more local scale, we were happy to launch the construction of our new headquarters which are due to be finished later this year. But the largest pride is our team that I’m absolutely proud of – a big “well done” and “thank you” to them!” added Skukauskas.
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Hybrid premium airline Nok Air has gone live with Rusada’s maintenance management software, ENVISION. From its base in Bangkok, Nok Air operates flights to numerous destinations across Thailand, as well as China, Japan, and India. Since it began in 2004 the airline’s fleet has grown to 17 aircraft, comprising of Boeing 737’s and De Havilland Canada Q400’s.
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Nok Air initially signed up for Rusada’s solution prior to the COVID-19 pandemic. The project was subsequently delayed by the slowdown in global travel but reinitiated following the resumption of flights. The implementation was conducted in a staged, module-by-module approach to minimise disruption to the airline and utilisation of resources.
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Nok Air are now live with 5 of ENVISION’s modules, including Fleet Management, Base & Line MRO, and Human Resources. Rusada’s teams conducted the deployment both remotely and in-person as restrictions allowed, to ensure a successful implementation.
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Wutthiphum Jurangkool, CEO at Nok Air had the following to sid: “As our route network and fleet size have continued to expand, we wanted to ensure that the efficiency of our operations didn’t suffer as a result. ENVISION has enabled us to consolidate our previous solutions and 3rd party services into a single, end-to-end platform, greatly improving our oversight and productivity.”
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