Pro Daily News 12MAR2024
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AIRSPACE + AIRPORTS (1)
Archer Aviation (US) announced that Falcon Aviation (UAE), has been selected as their vertiport infrastructure partner for locations in Dubai and Abu Dhabi.
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EARNINGS + FUNDINGS (4)
IndiGo (India) co-founder Rakesh Gangwal has sold a 5.8% stake in operator InterGlobe Aviation (India) via bulk deals, stock exchange data showed.
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Lufthansa Technik (Germany) reports 2023 Adjusted EBIT of US$686.6 million on revenue up 18% to $7.1 billion.
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Tigerair Taiwan reports 2023 sales was US$396.9 million and net income was $58.1 million.
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Russia’s Ministry of Transport requested an additional US$3.2 billion from the National Wealth Fund in 2024 to buy foreign aircraft from former lessors.
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FLEET + TRANSACTIONS (25)
Air India Express took delivery of one B737-8, serial 60917.
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Alliance Airlines (Australia) took delivery of one E190, serial 19000219.
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Ascend Airways (UK) took delivery of one B737-8, serial 43340, on lease. It is the first MAX for the new airline.
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Avelo Airlines (US) partners with Vortex Control Technologies (US) to become install Finlets on its entire fleet of B737-700s and B737-800s. All 16 will be retrofitted by the end of 2024.
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AviaAM Leasing (Lithuania) has transported its second B777-300ER for passenger-to-freighter conversion. The conversion will be performed by Mammoth Freighters (US) in Fort Worth, Texas.
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Batik Air (Indonesia) took delivery of one A320, serial 4823, on lease.
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C&L Engine Solutions (US) will be marketing the material from a 2016 vintage GEnx-1B engine powered B787-8, serial 35507, set to be disassembled by by CAVU (US). Cloud Investments Partners (US) and and funds managed by Strategic Value Partners (US) acquired the aircraft, with C&L serving as the exclusive asset manager.
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CALC (Hong Kong) announces two of its SPVs entered into aircraft sale/purchase agreements with ABC Financial Leasing (China) in relation to two A320neos. The transactions are expected to be completed in June 2024.
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Camair-Co (Cameroon) took delivery of one E175, serial 17000337, on wet lease from Marathon Airlines (Greece).
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Cathay Pacific (Hong Kong) took delivery of one A330-300, serial 405.
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China Airlines (Taiwan) plans to sell a lot of three B747-400F for up to US$83 million, while auctioning off two more for up to $55 million. The carrier also will upgrade 15 of its A350-900s at a cost of $400 million.
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flynas (Saudi Arabia) took delivery of one A320neo, serial 11713.
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GOL (Brazil) took delivery of one B737-8, serial 61284.
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JetSMART (Chile) took delivery of one A320neo, serial 11930.
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JP Lease Products & Services Co. (Japan) and JLPS Ireland confirm the recent acquisition, on behalf of its Japanese investors, of another new B737-8 in a sale and leaseback transaction with flydubai (UAE).
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Lufthansa (Germany) CEO Carsten Spohr says he still expects Boeing to deliver the first B777-9 in 2025.
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Mexicana aircraft lease contracts with Sedena (Mexico) for three leased B737-800s, serials 44437, 63325 and 63324, totals US$222.7 million, however the first two years will be “free of charge”.
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National Jet Express (Australia) took delivery of one E190, serial 19000488, on lease.
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Nolinor Aviation (Canada) adds its first B737-400 adorned with its own livery, and is now increasingly serving FIFO contracts for the mining industry. Cabin upgrades will follow.
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Shanghai Airlines (China) took delivery of one B737-8, serial 61663.
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Shenzhen Airlines (China) took delivery of one B737-8, serial 61155.
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SMBC Aviation Capital (Ireland) announces the delivery of one A320neo, serial 11904, to JetSMART (Chile), the final of five aircraft contracted between the two companies.
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Spirit Airlines (US) took delivery of one A320neo, serial 11859, delivered by Aircraft Leasing & Management (UK). The aircraft is the fourth of a five-aircraft sale/leaseback transaction.
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Wizz Air UK took delivery of one A321neo, serial 11983.
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Xiamen Airlines (China) took delivery of one B737-8, serial 64683.
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MAINTENANCE + SAFETY (3)
LATAM (Chile) B787-9, serial 38461, reportedly lost power to the cockpit instruments for brief period while flying over the Tasman sea, causing the plane to drop in altitude. Dozens were injured and the plane landed safely. New Zealand has seized the black boxes.
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Spaero (UK) launches as a new aircraft parts trading platform, aiming to connect parts buyers, distributors, and repair centers..
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Vallair (Luxembourg) will explore location options for its planned Saudi Arabia operation in April 2024 and expects a training school will be the first of the operations to be set up in the country.
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MANAGEMENT + GOVERNMENT (5)
Amerijet International (US) announced the resignation of Chief Commercial Officer, Eric Wilson, who departed “to pursue other opportunities.”
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ICAO and the Aviation Working Group (UK) will facilitate capacity building initiatives for states, particularly in developing regions, to further enhance safety and efficiency in these processes.
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Jet Airways (India) was granted NCLAT approval to transfer control to the Jalan Kalrock Consortium. The first crucial step in the outlined plan involves the lenders creating security on immovable properties within 30 days.
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SpiceJet (India) loses its COO Arun Kashyap and Chief Commercial Officer, Shilpa Bhatia, who both quit over differences in business approach.
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Brazil is putting the finishing touches on a rescue plan for its troubled airlines, as President Lula da Silva’s government aims to use public funds as collateral for loans to struggling carriers from BNDES.
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NETWORK + TRAFFIC (13)
Air Greenland plans Nuuk – Copenhagen service from 29 November 2024, with A330-800.
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Air New Zealand will pause its Auckland – Chicago non-stop service from 31 March to 25 October 2024 due to ongoing challenges with availability of Trent 1000 engines.
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AirAsia Malaysia launched its maiden flight to Perth from Kuala Lumpur on 11 March 2024, with A321neo.
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AJet (Turkiye) has begun ticket sales as the carrier will fly with its own wings under a separate company from 31 March 2024.
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Bangkok Airways aims to fly 4.4 million passengers in 2024, up from 3.6 million last year. This translates to US$452.7 million in revenue.
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China Airlines (Taiwan) announced passenger service resumption on Taipei Taoyuan – Seattle route from 14 July 2024, with A350-900.
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Condor (Germany) has extended Frankfurt – Miami service to year-round operation as of 15 September 2024, with A330-900.
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Cubana de Aviacion inaugurated its regular flights between Havana, and Caracas on 25 February 2024 with TU-204,
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FLY4 Airlines (Ireland) has officially launched, with its inaugural commercial flight taking off from Liege, operating on behalf of customer TUI (Germany).
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Jin Air (South Korea) plans to launch Seoul Incheon – Shimojishima route from 29 May 2024, with B737-800.
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Southwest Airlines (US) will have to trim its capacity plans and reevaluate its financial forecasts for the year, citing delivery delays from Boeing.
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Vietnam Airlines plans to begin A350 service from New Delhi from May 2024.
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Ukraine has begun official negotiations with aviation regulators in the US, EU and Israel to resume international operations.
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