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LATEST NEWS
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Monday, February 20th, 2023
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Singapore Airlines’ low-cost subsidiary Scoot has signed a letter of Intent (LOI) to lease nine brand-new Embraer E190-E2 twin-engine jets from aircraft lessor Azorra.
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The aircraft will come in a 112-seat configuration and will be scheduled for delivery between 2024 and 2025. The regional jet will be the first to be flown by a Singapore-based airline and is intended to improve capacity on Scoot’s short- and medium-haul routes that extend to up to five flight hours. The new jets will complement the Asian carrier’s existing fleet of Airbus A320-family and Boeing 787 jets which serve non-metro destinations from Singapore.
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Scoot’s acquisition is an indication the carrier confidently sees a growth in demand for air travel in Asia. Currently Scoot’s fleet of 50 aircraft serve 71 destinations across 15 countries and territories in the Asia-Pacific region, the Middle East and Europe.
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Azorra is a relationship-driven commercial aircraft lessor, providing lease, financing and asset management solutions with a focus on regional, crossover and small narrow-body aircraft.
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AkzoNobel Aerospace Coatings (AkzoNobel) and American Airlines will partner to deliver a new way of training apprentice painters and upskilling existing teams. This will be accomplished through the use of a Virtual Reality (VR) technology that is significantly more efficient and sustainable than the airline’s previous training regimes.
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The VR platform mimics a customer’s production environment and multiple coating systems to train teams virtually. A VR headset immerses the American Airlines’ trainee in a virtual paint booth, completed with the aircraft part to be coated.
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The system can be programmed with various paint specifications, such as the thickness of the coating required, and as the operator uses the spray gun, they can see whether too much or too little paint is used and look for inconsistencies in the way the coating is being applied.
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Meanwhile, the operator's core skills are measured, from setting up the spraying session to the distance, angle, and speed at which the gun is used. The feedback is immediate, so trainees can react quickly and change their technique to become more consistent. It shows where runs and sags occur, or where the wet film thickness is not sufficient or the coverage inadequate to deliver a smooth finish. It also helps them avoid common problems such as paint overlap.
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For American Airlines, a very specific part of the aircraft – a nose landing gear cylinder – was programmed into the system. A cohort of 13 painters of varying abilities were then encouraged to spray the part – without a single drop of real paint being used.
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Terry Lesperance of American Airlines describes the AkzoNobel VR solution as an efficient and safe way of training his team: “In a spray booth, we’d have to spray the primer, then let it dry, then measure the results to see how they did – all of which takes time. If we were training 13 painters, we’d also have to have 13 nose landing gear cylinders available to paint. With VR, we don’t have any of these challenges. I can train more painters, more quickly, and allow them to make mistakes without it costing me anything.”
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Aviator Airport Alliance (Aviator), a full-range provider of aviation services at 15 airports across the Nordics, has signed a new partnership with Lufthansa Group.
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Under the agreement, Aviator will provide ground handling and de-/anti-icing services to Lufthansa Group's airlines, including Deutsche Lufthansa AG, Swiss International Air Lines and Austrian Airlines, at Stockholm-Arlanda airport for the next five years, starting in May. The deal covers around 111 turnarounds per week for the group.
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Sven Thaler, Regional Manager Northern Central Europa from Lufthansa Group said: “After our successful collaboration in Copenhagen and Gothenburg, we look forward to expanding our collaboration with Aviator in Scandinavia. This strengthens the position and brand presence of the Lufthansa Group in Stockholm-Arlanda. “
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The Lufthansa Group is an aviation company with worldwide operations and more than 300 subsidiaries and affiliated companies. The Lufthansa Group is composed of the segments Network Airlines, comprised of Lufthansa German Airlines, SWISS, Austrian Airlines, and Brussels Airlines, Eurowings, which includes Eurowings and Eurowings Europe, as well as the equity investment in SunExpress, and Aviation Services.
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Aviator is a family member of Avia Solutions Group, the aviation business group. Aviator Airport Alliance provides ground handling services from passenger and baggage handling to de-icing, cargo, and full-freight handling, to station services, including airport security and the Nordic Dino aircraft washing robot.
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Embraer has delivered 80 jets in the fourth quarter of 2022, of which 30 were commercial jets and 50 were executive jets (33 light and 17 mid-size). Over the year, the company delivered 159 aircraft (57 commercial jets and 102 executive jets). Embraer increased the number of aircraft delivered by 12.7% compared with 2021. As of December 31, the firm order backlog reached US$ 17.5 billion.
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In Commercial Aviation, Embraer confirmed in 4Q22 a US$ 1.17 billion firm order to supply 15 new E195-E2 aircraft to an undisclosed customer. The company has also confirmed another five E195-E2 firm order from Binter for US$ 389.4 million at list price.
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Another milestone was the certification of the E190-E2 in China, as well as the certification of the E-Jets E2 (E195-E2 and E190-E2) in Canada. Last December, Porter Airlines took delivery of five E195-E2s. The Canadian airline has ordered 50 E195-E2 in total. During the quarter, Embraer delivered three new E190 aircraft to CIAF Leasing, a company headquartered in Cairo, Egypt.
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In Executive Aviation, Embraer delivered 50 jets (33 light and 17 mid-size) in 4Q22, while sales in the business aviation segment continues its momentum.
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In the Services & Support division, Embraer signed two contracts for heavy maintenance services with Envoy Air Inc. and with JSX, totalling US$72 million. In addition, TUI has signed a contract for the Pool Programme to support the E195-E2 jet fleet. Also, NAC signed a firm contract for up to ten new E190F/E195F cargo aircraft conversions.
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Air Canada has reported record fourth-quarter 2022 revenues of CA$4.062 billion which nearly doubled from the fourth quarter of 2021. Fourth- quarter operating revenues of CA$4.680 billion increased 71% from the fourth quarter of 2021.
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Operating loss of CA$28 million, was significantly better than the operating loss of CA$503 million in the fourth quarter of 2021.
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Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) of CA$389 million, increased from adjusted EBITDA of CA$22 million in the fourth quarter of 2021.
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Air Canada reported net income of CA$168 million, compared to a net loss of CA$493 million in the fourth quarter of 2021. Fourth-quarter 2022 net income included a foreign exchange gain of CA$316 million. The company posted an adjusted net loss of CA$217 million, compared to an adjusted net loss of CA$577 million in the fourth quarter of 2021.
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For the full-year 2022 Air Canada reported an operating loss of CA$187 million significantly better than an operating loss of CA$3.049 billion in 2021.
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Adjusted EBITDA was CA$1.457 billion, compared to negative adjusted EBITDA of $1.464 billion in 2021. The company posted a net loss of CA$1.700 billion, compared to a net loss of CA$3.602 billion in 2021. 2022 net loss included a foreign exchange loss of US$732 million. Adjusted net loss was CA$988 million, compared to an adjusted net loss of CA$3.768 billion in 2021.
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Net cash flows from operations of CA$2.368 billion compared to net cash used in operations of CA$1.502 billion in 2021.
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Gulfstream Aerospace has reached another milestone with the 100th Gulfstream G600 customer delivery. The aircraft was outfitted at Gulfstream’s Dallas completions centre and delivered to a North America-based customer.
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“The G600 continues to redefine excellence,” said Mark Burns, president, Gulfstream. “Thanks to its highly customizable cabin, fuel-efficient design and exceptional performance capabilities, we are seeing unwavering customer demand. The 100th G600 customer delivery is a testament to that excellence and surging popularity.”
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The G600 can travel 6,600 nautical miles/12,223 kilometres at Mach 0.85 or 5,600 nm/10,371 km at Mach 0.90 and has proven class-leading fuel-efficiency. The aircraft has set more than 35 city pair records around the world to date, including Washington, D.C., to Riyadh, Saudi Arabia, in 11 hours and 40 minutes; Paris to Rio de Janeiro in nine hours and 42 minutes; and London to Seattle in eight hours and 40 minutes, among others.
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The G600 can be configured in up to four living areas and can seat up to 19 passengers. The aircraft features the Gulfstream Cabin Experience, with whisper-quiet noise levels, a refreshingly low cabin altitude, 100% fresh air purified by a plasma ionisation clean air system and abundant natural light from 14 Gulfstream panoramic oval windows.
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Air Lease Corporation (ALC)has posted its financial results for the year ended December 31, 2022.
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ALC's total revenues for the year increased by 11% to US$2.3 billion as compared to the same period 2021. The increase in total revenues was primarily driven by the continued growth in its fleet and significantly lower COVID-19 related lease restructuring and cash basis losses.
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Net loss for the year was US$138.7 million, compared to net income of US$408.2 million for the same period in 2021. Despite the fleet growth, the decrease was due to the net impact of the write-off of the company's Russian fleet, which totalled approximately US$771.5 million as of December 31, 2022.
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Adjusted net income before income taxes during the year was US$659.9 million, as compared to US$589.7 million for the previous year. The increase was primarily due to the continued growth of ALC's fleet and the increase in revenues as mentioned above.
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As of December 31, 2022 the net book value of the company's fleet increased to US$24.5 billion, compared to US$22.9 billion as of December 31, 2021. As of December 31, 2022, ALC owned 417 aircraft in its aircraft portfolio, comprised of 306 narrow-body aircraft and 111 wide-body aircraft and managed 85 aircraft. The weighted average fleet age and weighted average remaining lease term of the fleet as of December 31, 2022 was 4.5 years and 7.1 years, respectively.
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