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Have you seen our PRO newsletter? For the source of each article, search functionality, a categorized format, and basic aircraft values:
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This edition of the newsletter is proudly sponsored by
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AAR (US) signed a long-term agreement with Unison Industries (US) to significantly expand its distribution of Unison’s aviation, aerospace, and civil land vehicle products.
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AE Industrial Partners (US) announced that Chris Emerson, an accomplished executive with decades of aerospace expertise, has joined the firm as an Operating Partner, effective immediately.
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Air Astana (Kazakhstan) has completed the process of withdrawing its aircraft from the register of Aruba. All 39 aircraft of the group are now registered in Ireland.
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Allied Pilots Association (US), representing the 15,000 pilots of American Airlines (US), expressed its strong opposition to any extension of the equipment exemption for the B737-7 MAX and B737-10 MAX. The exemption expires in December.
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AlpAvia (Slovenia) took delivery of one ERJ145, serial 145012.
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Azul (Brazil) separates the positions of CEO and President. John Rodgerson remains CEO and as Abhi Shah becomes President.
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Azul (Brazil) will start three new routes to connect Montevideo by the end of 2022, from Foz de Iguazu, Florianopolis and Recife.
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Berniq Airways (Libya) took delivery of one A320, serial 4519.
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CAVU Aerospace (US) announces the acquisition of two ex-United B757-200s, serials 24623 and 24809, for dismantling at its Roswell International Airport facility
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Dubai Aerospace Enterprise (UAE) signs definitive agreement to acquire 100% of Sky Fund I Irish and its subsidiaries from SKY Leasing (US). Terms of the transaction were not disclosed. Sky Fund I owns and is committed to own 36 aircraft on lease to 14 airline customers in 11 countries.
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Eastar Jet (South Korea) founder and former lawmaker, Lee Sang-jik, is charged with breach of trust and embezzlement worth tens of billions of won. The former lawmaker was sentenced to six years in prison at the first trial and now faces ten years.
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Finnair (Finland) won a PSO contract from the government for scheduled domestic air services to five regional airports from 31 October 2022 to 30 July 2023. The flights are operated by Norra, with DAT (Denmark) as a subcontractor, when necessary.
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Fly Leasing (Ireland) was authorized to repurchase US$50 million of its $390.5 million 7% notes due 2024 in the secondary market and has received a $50 million equity line of credit from parent Carlye (US). Fly is said to be default on $54 million of debt — the Nord/LB (Germany) Facility — which is secured by three aircraft as of 30 June 2022.
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German Airways promotes Marcus Schuhte to MD, as Maren Wolters exits. Also, board member of parent Zeitfracht, Wolfram Simon-Schroter is leaving management as well.
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GOL (Brazil) reports September 2022 ASKs up 36.9%, RPKs up 41.4%, LF up 2.6 points to 81.7%, and passengers up 33.7% to 2.2 million.
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Hong Kong Airlines restructuring plan has some lessor-unfavorable features, according to Katten (US). Shareholder loans and other insider claims are not being reduced in this restructuring plan, while lessors are being asked to accept a very low recovery on their claims, around 5%. Future payments would not even start until 2028, and the 75% creditor approval threshold is also misleading.
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IATA reports August 2022 CTKs fell 8.3% yoy, a slight improvement on the year-on-year decline of 9.7% seen in July.
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IndiGo (IndiGo) took delivery of one A320neo, serial 11050.
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JD Airlines (China) has received the CCAR-121 air carrier certificate from the CAA of China. It plans to launch operations in 4Q 2022 with three B737Fs.
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Jet Airways (India) lenders have agreed to waive two preconditions to facilitate the takeover of the airline by the Jalan-Kalrock consortium. In return, the consortium agreed last week to make the first tranche of its payment to lenders to get the stalled deal moving forward.
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Kalitta Air (US) has entered into a new Civil Reserve Air Fleet partnership with AIT Worldwide Logistics (US) to cover supply chain support for USTRANSCOM missions.
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Korean Air and Asiana Airlines (South Korea) will have to give up 69 of its 183 weekly long-haul flights to Europe, Australia and the Americas as a condition to the merger.
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Magnetic Trading (Estonia) has been actively expanding its Power-by-hour services customer’s portfolio and signed a service agreement with LOT (Poland) and Enter Air (Poland), covering B737s.
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Mesa Airlines (US) and United Airlines (US) entered into an Aircraft Purchase Agreement, which provides for the sale of 18 CRJ700s owned by Mesa to United. Mesa expects the net proceeds from the sale of such aircraft will be approximately US$50 million.
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Nok Air (Thailand) appoints Jittima Kerdsombat as Acting Chief Accountant, taking over from Nuchnapa Saechin on 01 October 2022.
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Norwegian flew 1.87 million passengers in September 2022, up almost 100% yoy, with LF of 85.2%. ASKs were 2,618 million seat kilometers, while RPKs were 2,230 million seat kilometers.
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Peach (Japan) will launch an Osaka Kansai – Bangkok Suvarnabhumi route on 27 December 2022, with A321LR.
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Royal Jordanian and Embraer have signed a MOU to introduce the E190-E2 and E195-E2 to the fleet. In total, the airline intends to operate 10 new Embraer jets to optimally serve short-haul routes within the region.
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Ryanair (Ireland) announces bigger Shannon schedule for summer 2023, thanks to the addition of a thrid based aircraft which will service 24 total routes, including two new routes to destinations such as Beziers and Newcastle.
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SalamAir (Oman) has signed a firm order with Embraer for six E195-E2, with options for a further six aircraft, with deliveries from late 2023. The deal is valued at US$934.6 million, at list price with all options exercised.
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SAS (Sweden) plans to start discussions with Airbus about the two remaining A350-900 scheduled for delivery in 2024, says CEO Anko van der Werff.
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TAROM (Romania) has a debt to Compania Nationala Aeroporturi Bucharest in the amount of approximately US$29.9 million. Talks to begin soon regarding the debt.
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Volaris (Mexico) reports September 2022 RPMs up 25.2%, ASMs up 17.2%, LF up 5.6 points to 87.4%, and passengers up 24,4% to 2.5 million.
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WestJet Group (Canada) and the Government of Alberta partner to establish a global hub at YYC Calgary airport. WestJet will invest aircraft capacity, with an asset value in excess of US$5.1 billion, in Calgary alone, through significant fleet commitments. All intercontinental B787s flying will be based in Calgary, with new routes within North America, to Europe, and potentially Asia. WestJet will also grow its mid-range fleet and strengthen its North American offerings.
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Wizz Air Abu Dhabi (UAE) schedules Abu Dhabi – Ankara route from 19 January 2023, with A321neo.
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Mexico’s government will investigate whether it is possible to take the name of the defunct Mexicana de Aviacion for the new Sedena airline.
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