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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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Adria Airways (Slovenia) is seeking a strategic partner following a failed agreement to acquire 15 SSJ100s. The airline’s shareholders have cancelled a planned US$11.2 million capital injection into the company.
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AerFin (UK) acquired three post-2000 DOM Airbus aircraft and a B737NG in 1Q 2019. The company also completed the sale of multiple assets while placing seven engines on short-term lease with several operators since September 2018. AerFin has additionally elected to induct several engines for tear-down.
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AerFin (UK) opened a new facility near to the Atlanta International airport to store E-Jet components.
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Aero K (South Korea) obtained its operating license to begin as new LCC, with flights beginning in 1Q 2020 out of Cheongju. The carrier is eyeing the A320neo.
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Aeromexico flight attendants call for strike on 31 May 2019, demanding a pay raise.
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AerSale (US) took delivery of one B737-700, serial 30181.
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Africa World Airlines (Ghana) has initiated processes to ply the Accra-London route in the not-too-distant future.
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Air Astana (Kazakhstan) suspended flights to Delhi from Almaty during 11-30 April 2019 due to the closure of airspace between Pakistan and India.
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Air Lease (US) completed the sale of four aircraft in 1Q 2019 to our managed vehicles and two aircraft to third party buyers. ALC delivered 11 new aircraft, while approximately US$0.4 billion of deliveries expected for the first quarter were delayed. Air Lease ended the quarter with 280 owned aircraft and 65 managed aircraft.
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Air New Zealand took delivery of one A320neo, serial 8833.
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Air Nostrum (Spain) expects EU authorization for its merger with Cityjet (Ireland) by end of 3Q 2019. Air Nostrum will control the majority of shares in the new unnamed company.
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AirAsia (Malaysia) took delivery of one A320, serial 8871.
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Alitalia (Italy) must payback more than US$1 billion in state funds by July 2019, but the carrier will not be able to repay this debt despite multiple extensions.
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American Airlines (US) will extend cancellations of 90 flights a day through 05 June 2019 because of the grounding of B737 MAX.
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American Eagle (US) took delivery of two E175s, serials 17000783 and 17000781, operated by Envoy (US).
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Ascent Aviation Services (US) appoints Scott Butler as CCO.
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Avianca Brasil creditors led by hedge fund Elliott Management (US) approved a restructuring plan for the bankrupt airline, hours after the country’s antitrust regulator announced preemptively that the plan could run afoul of competition laws. The plan, which divides assets into seven parts, is expected to raise US$210 million.
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Avianca Brasil to be blocked by Vinci Airports (Brazil) from taking off at the Salvador airport from 10 April 2019 if dues of US$2.5 million are not cleared.
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Avianca (Colombia) formally removed all A319neos orders from the Airbus firm order backlog, as well as cancelled 17 A320neos and converted orders for 11 A320neos to A321neos.
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Avolon Holdings (Ireland) announces that it will hold a series of fixed income investor calls as a benchmark USD-denominated senior unsecured 144A/Reg S notes offering may follow. Avolon expects that one or more rating agencies may upgrade Avolon to investment grade upon the launch and pricing of such offering.
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Avolon (Ireland) is drawing interest from CK Asset Holding (Hong Kong) should a majority holding owned indirectly by HNA Group (China) is put up for sale.
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Bamboo Airways (Vietnam) will start operating charter flights to the Japanese prefecture of Ibaraki during last week of April 2019 with A321neo.
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Boeing could be exposed to billions of dollars in legal liabilities, says experts, after the CEO acknowledged that a new maneuvering system in the B737 MAX contributed to two fatal crashes.
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Boeing to adjust the B737 production system temporarily to accommodate the pause in MAX deliveries, allowing it to prioritize additional resources to focus on software certification and returning the MAX to flight. Production rate will move from 52 airplanes per month to 42 airplanes per month starting in mid-April 2019.
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Brussels Airlines to lease Czech Airlines A319 for European and North Africa flights, during the summer 2019 season.
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Buzz (Poland) took delivery of one B737-800, serial 44777, transferred from its parent Ryanair (Ireland).
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CALC (Hong Kong) has put its order for 100 B737 MAX temporarily on hold, until it is assured of the aircraft’s safety.
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Condor (Germany) in summer 2019 season is expanding its network at Hannover, to Kavala, Lamezia Terme, Preveza, Samos, and Zadar.
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Corendon Airlines Europe (Malta) is adding new service from Hannover to Rhodes on 16 April 2019 with B737-800.
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Cubana de Aviacion wet leased an A320-200 from Jordan Aviation to cover domestic and international routes. The lease will be eventually converted to a dry lease. Cubana also expects to be bring an IL96-300 out of storage as its third plane.
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Delta (US) took delivery of one A321, serial 8812.
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EasyJet (UK) took delivery of one A320neo, serial 8880.
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Ethiopian Airlines took delivery of one A350-900, serial 289.
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Etihad (UAE) is seeking a loan of about US$600 million to help make initial payments for planes, and is talking to banks on a 1-2 year facility.
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Etihad (UAE) will introduce the B787-9 on its scheduled services from Abu Dhabi to Johannesburg, effective 01 August, Lagos, effective 02 August, and Milan, effective 01 September 2019, replacing the A330s.
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Eurowings (Germany) plans to introduce Dusseldorf – Gdansk on 27 October 2019 with A319/A320 aircraft.
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Eurowings (Germany) plans to offer new service to Sofia, from both Dusseldorf and Stuttgart, in late October 2019 with A320s.
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Ferrovie dello Stato (Italy) was granted an extension to present a rescue plan for Alitalia (Italy) by one month to end-April 2019.
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FlyDubai (UAE) will start regular flights from Dubai to Sochi on 07 June 2019.
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Flyzar (Argentina) granted authorization to operate domestic and international scheduled air transport of passengers , cargo and mail using large aircraft. The charter company aims to acquire a ERJ135.
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GA Telesis (US) announces the appointment of Kevin Geissler as VP Aviation Lease Solutions.
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HK Express (China) removed schedule listing of Hong Kong – Okinawa, which was due to begin on 27 June 2019.
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Iberia (Spain) took delivery of one A320neo, serial 8781.
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InterCaribbean Airways (Turks & Caicos) announces the return of its flights to Sint Maarten from both Santo Domingo, Dominican Republic and Tortola, BVI, effective 15 April 2019.
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InterJet (Mexico) will not abandon the SSJ100, but will ask for them to be repaired by Sukhoi Civil Aircraft (Russia) on credit against future payments. Also, the eight remaining SSJs yet to be delivered are unlikely to materialize.
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Iraqi Airways aims to grow its network to the US and Bangladesh, but first needs direction from the country’s newly installed government.
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Iraqi Airways plans to renew its long-haul fleet with retirement of its B747, B767 and B777 types. The carrier would prefer to acquire more B777s, but is mulling the A330neo. Also, the A220 order may be re-examined by the government.
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Jet Airways (India) has delayed repayments worth more than US$18 million to global lenders including Citibank (US) that financed its purchase of B777s. The delay may lead to repossessions.
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Jet Airways (India) lenders invited initial bids to buy as much as 75% of the debt-laden carrier. A strategic bidder should have a net worth of at least US$144 million or at least three years of experience in the airline business.
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Jet Airways (India) lenders may have to wait a little longer to sell a stake in the carrier, as they need more clarity from the country’s central bank.
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Jet Airways (India) lenders selected SBI Caps (India) and Kotak Mahindra Capital (India) have been appointed to scout for prospective buyers for the airline.
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JPMorgan (US) is warning clients that this earnings season could be a turbulent one when it comes to airlines, in the face of rising fuel prices and an international crisis surrounding the B737 MAX.
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Kenya Airways rescue plan is being mapped out between MPs, the Treasury and the Transport Ministry. Proposals reportedly include letting KQ collapse before coming up with a new airline altogether.
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Komiaviatrans (Russia) will be divided into separate airline and airport units by the end of 2019, as it is a “necessary measure” for stabilization.
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Korean Air chairman and CEO Cho Yang-ho passed away in Los Angeles, weeks after being booted from the role over embezzlement and breach of trust.
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Lauda (US) took delivery of one A320, serial 2161, on lease from Castlelake (US).
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Level (Spain) has launched flights between Amsterdam and Luton after setting up a new base at Schiphol airport. The carrier has based three A321s at Schiphol.
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LOT Polish Airlines is resuming service on Warsaw – Varna route from 23 June to 29 September 2019, with B737-800.
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Lufthansa (Germany) plans to operate A321neo on domestic routes in May 2019, including Frankfurt to Berlin Tegel, Hamburg and Munich.
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Mahan Air (Iran) began direct flights between Tehran and Caracas, and looks to maintain regular flights between the two countries.
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Montenegro Airlines handled 87,569 passengers in 1Q 2019, up 4.5%, as PLF was flat at 61%.
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Montenegro Airlines signed an agreement to wet lease for one B737-300 from Blue Air (Romania), between April and October 2019.
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MTU Maintenance (Germany) launches its redefined services portfolio MTUPlus Intelligent Solutions. The portfolio has been conceived to fulfil the exact and specific needs of operators.
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Nok Air (Thailand) affirmed positive liquidity with daily revenue of US$1.0 million and planned to proceed with the plan to turn around the business within 2019. Acting CEO Pravej Ongartsittigul insisted that the airline’s liquidity is sufficient to sustain its operations.
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Norwegian CFO Geir Karlsen has been appointed deputy CEO of the airline.
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Nouvelair (Tunisia) chartered an A320, serial 424, from Electra Airlines (Bulgaria).
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S7 Airlines (Russia) plans to offer Moscow Domodedovo – Dalaman route on seasonal basis from 08 June to 28 September 2019.
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Singapore Airlines took delivery of one A350-900, serial 294.
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SKY Airline (Chile) began operations in the Peruvian domestic market, with flights from Lima to Cusco and Piura as first routes.
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SpiceJet (India) will commence a daily direct flight connecting Mumbai with Bangkok from 17 May 2019.
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Spirit AeroSystems (US) will maintain its B737 deliveries to Boeing at the current rate of 52 shipsets per month, as Boeing adjusts production to 42 airplanes per month starting in mid-April 2019.
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Spirit Airlines (US) took delivery of one A320neo, serial 7788.
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StandardAero (US) has signed a new multi-year contract with Sky Regional Airlines (Canada) to provide MRO services for the airline’s APS2300 APUs.
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Thomas Cook (UK) took delivery of one A321, serial 2912, on lease from Smartlynx (Latvia), as well as one A321, serial 7055, on lease from Avation PLC (Singapore).
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TPG (US), Indigo Capital Partners (Russia) and National Investment and Infrastructure Fund (India) are said to teaming up to submit an EOI for Jet Airways (India).
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Transaero (Russia) creditor seeks to court dismiss Alexei Belokopytov from the duties of the bankruptcy trustee over “illegal actions”.
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Transaero (Russia) trustees placed for sale a B737-500, but the aircraft was detained in the Ukraine and litigation on the repossession of the aircraft must first be resolved.
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Transaero bankruptcy supervisor Alexey Belokopyt demanded recovery of about US$1.2 million from ex-airline founder Alexander Pleshakov and his family, but the lawsuit was dismissed by the Commercial Court of St. Petersburg and Leningrad Region.
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TUI fly (Germany) took delivery of one B737-800, serial 35138, on lease from SMBC Aviation Capital (Ireland). Sister carrier, TUI fly Belgium took delivery of one B737-800, serial 35146, on lease from BBAM (US).
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TUIfly (Germany) plans to resume Frankfurt – Agadir route from 07 November 2019, with B737-800.
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Tunisair plans to add five A320neos from 1Q 2020, subject to sale/leaseback contracts with lessors.
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Tunisair posts 2018 revenues up 2% to US$516 million, as debt reached $392 million. The carrier is still trying to regain its financial equilibrium, and will recapitalize with $429 million as its recovery plan will soon enter its active phase. The plans includes the dismissal of 1,200 employees.
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Uganda Airlines has firmed up its order with Airbus for two A330-800s.
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Ukraine International Airlines reports 1Q 2019 passengers up 8% to 1.5 million, with LF at 75%.
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United Airlines (US) suspended flights from New York to Delhi for two weeks due to weather and to partial closure of Pakistani airspace.
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Wasaya Airways (Canada) appoints Luke Reynolds as Chairman of the Board.
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WestJet (Canada) announced March 2019 LF up 1.4 points to 87.0%, RPMs up 7.3%, ASMs up 5.5% and passengers up 4.8%.
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WestJet (Canada) announced that it tentatively reached an agreement with the ALPA representing its 510 WestJet Encore pilots.
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Delhi High Court sought responses of the Centre and the DGCA on a plea seeking grounding of all A320neo fitted with the troubled P&W engines.
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Georgian is in talks with the US, with the aim to establish direct flights between the two countries.
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Libyan airspace is being avoided by airlines over internal military conflicts in the area.
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Mexico and Uruguay announced that they expect to finalize the negotiations in 2019 to open a direct air route between Mexico City and Montevideo.
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Singapore and Malaysia reached an agreement to end their months-long airspace dispute. Singapore will halt instrument landing system procedures at its Seletar Airport, while Malaysia will open up a restricted area near the countries’ border.
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Ukraine is now also banning charters to Russia, and proposes to keep the flights only for missions of international organizations. In response, Russia is offering to re-establish both regular and charter flights between the two countries.
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