Toulouse, France 30 December 2021 – Global full-service aircraft lessor Aviation Capital Group (ACG), wholly owned by Tokyo Century Corporation, has signed a Memorandum of Understanding (MoU) with Airbus (OTC: EADSY) for 20 A220’s and a firm contract for 40 A320neo Family aircraft, of which five are A321XLR’s.
The A220 is the only aircraft purpose-built for the 100-150 seat market and brings together state-of-the-art aerodynamics, advanced materials and Pratt & Whitney’s latest-generation PW1500G geared turbofan engines. Featuring a 50% reduced noise footprint and up to 25% lower fuel burn per seat compared to previous generation aircraft, as well as around 50% lower NOx emissions than industry standards, the A220 is a great aircraft for regional as well as long distance routes operations.
With this order ACG is supporting the recently launched multi-million dollar ESG fund initiative by Airbus that will contribute towards investment into sustainable aviation development projects.
(Reuters) – Air New Zealand Ltd said on Tuesday it had outlined requirements to suppliers as part of plans to replace its fleet of De Havilland Canada Dash 8 Q300 turboprops with lower-emissions technology by around 2030.
“The ideal candidate aircraft will be a drop in replacement for the Q300 for seamless integration into the existing Air New Zealand turboprop network, which may include retrofit of the existing aircraft,” the airline said.
Toulouse, France 16 July 2021 – flyadeal, the low-cost Jeddah-based airline owned by Saudi Arabian Airlines, has taken delivery of a brand new A320neo, the first out of 30 to be delivered in the next 3 years.
The aircraft is the first out of 65 A320neo family aircraft ordered by Saudi Arabian Airlines at the Paris Airshow in 2019, and will join flyadeal’s all Airbus fleet.
Powered by CFM LEAP-1A engines, the A320neo will offer flyadeal outstanding operational, economic and environmental performance.
flyadeal’s A320neo is configured with 186 seats in a comfortable all economy class layout. Passengers onboard the aircraft will benefit from the widest cabin of any single-aisle aircraft in the sky, as well as the latest cabin feature offering optimum passenger comfort.
The A320neo is the ideal aircraft for flyadeal to grow and expand its domestic and regional network. Demonstrating the operational flexibility of the A320neo, the aircraft will allow the airline to efficiently enhance its operations to additional networks and foster closer links with countries across the region and beyond.
The A320neo Family incorporates the very latest technologies including new generation engines, Sharklets and aerodynamics, which together deliver 20% in fuel savings and CO2 reduction compared to previous generation Airbus aircraft. The A320neo Family has received more than 7,400 orders from over 120 customers.
The Spanish state-owned rail operator RENFE has awarded Stadler a contract to deliver 59 commuter trains, which also includes the spare parts and maintenance for 15 years. This award is one of the batches in the bidding for the high-capacity trains tendered by the Spanish operator. Stadler proposes to maximize the capacity by using double-deck coaches with a scalable length from 100 to 120 meters and from 160 to 240 meters. The Iberian-gauge trains will operate on 3 kV DC overhead lines reaching a maximum speed of 140 km/h. They will provide the commuter service in the largest Spanish cities.
This is the first time that RENFE will order trains from Stadler. The new trains shall be developed and produced in Stadler’s plant in Valencia. The contract envisages an option for 44 additional units as well as their maintenance.
Iñigo Parra, CEO Stadler Valencia, said: “We’re excited about the decision from RENFE and their trust in Stadler. We were chosen to provide trains in our factory in Spain for the Spanish commuter service – this makes us proud.”
Stadler Cal Train rendering of the double decker coaches
Los Angeles, California, February, 2021 – Air Lease Corporation (NYSE: AL) announced today long-term lease placements for two used Airbus A320-200 aircraft with Qanot Sharq Airlines (Uzbekistan), scheduled to deliver this March. This will be the first two aircraft in the fleet of the Uzbek startup airline.
“ALC is pleased to announce this lease placement of two A320-200s with Qanot Sharq Airlines,” said AJ Abedin, Vice President, Marketing of Air Lease Corporation. “We have worked closely with the Qanot Sharq executive team and are thrilled to participate in the launch of the first Uzbek startup airline through the placement of their first two aircraft.”
“We are honored and excited to work with one of the largest aircraft leasing companies in the world to assist with the launch of our airline,” said Nosir Abdugafarov, owner of Qanot Sharq Airlines. “These two A320-200s are scheduled to deliver in March and will be the first two aircraft in Qanot Sharq’s fleet, ensuring the highest standard of safety and comfort for our passengers.”
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.
About Qanot Sharq Airlines
Established as the first privately owned Airline in Uzbekistan, Qanot Sharq is led by a team of highly accomplished airline industry professionals with over 200 years of combined industry experience. The airline will operate from multiple regional airports in Uzbekistan, providing scheduled air service to international destinations such as Istanbul, Ankara (Turkey), Dubai (UAE), Jeddah, Medina (Saudi Arabia), Moscow, St. Petersburgh (Russian Federation) and Almaty (Kazakhstan).
Toulouse, 8 February, 2021 – Russia’s KrasAvia started operating its first two ATR 72-500, the first ATR aircraft ever registered in Russia. Owned by the government of Krasnoyarsk Krai, KrasAvia is an airline based in Krasnoyarsk, the third largest city in Siberia, with a population of approximately 1.1 million people. KrasAvia operates scheduled and charter flights with helicopters and fixed-wing aircraft on regional routes to Russia’s Far North from its Krasnoyarsk hub. The two ATR 72-500 have been purchased second-hand from Swedish lessor Erik Thun and the deal was arranged by Bertrand Lattes Aviation Capital (BLAC).
Air services are crucial to serve the remote regions of Siberia, and their challenging environment requires versatile and reliable aircraft able to take-off and land in extreme cold conditions. The route from Krasnoyarsk to Khatanga, near the Arctic Ocean, is one of the longest scheduled ATR routes (984NM / 1822km) – a four hour flight.
Andrey Egorov, General Director of KrasAvia, declared: “The acquisition of these two ATR 72-500 shows that we are ever more committed to improving our fleet and offering our passengers a smoother flying experience. They will replace our smaller Antonov An-24 and An-26 turboprop, which have reached over 40 years of service. Thanks to the ATR 72-500 versatility and modern and spacious cabin, we will continue to support the connectivity needs of the Siberian communities, with increased seat capacity and higher standards of comfort.”
Stefano Bortoli, Chief Executive Officer of ATR, said: “All regions deserve the same opportunity to be part of a connected world, and ATR aircraft show unrivalled performance in connecting people and businesses responsibly. The entry into service of these aircraft is highly significant, as KrasAvia is the first public airline in Russia to purchase and operate ATR. We are truly glad to see our aircraft continuing to support regional connectivity in the country.”
KrasAvia is the third largest ATR operator in Russia, after UTair and NordStar, which respectively operate a fleet of 15 ATR 72-500 and five ATR 42-500. The total ATR fleet in Russia now totals 22 aircraft, with their operational versatility and reliability being strong assets for their operators, to the benefit of the communities they serve.
The newer ATR-72-500’s are quite the upgrade from the old Antonov AN-24 aircraft!
Rolls-Royce has signed an agreement to sell the Bergen Engines medium speed gas and diesel engines business to TMH International, the international branch of TMH Group, for net proceeds of approximately EUR 150m.
TMH Group, based in Russia, is a leading engineering company in rail transport technologies and the world’s fourth largest supplier of rail rolling stock. It offers a full range of products and services including medium-speed engines for rail applications with current production of more than 850 engines a year. Established in 2002, TMH is privately-owned and employs 100,000 people across 25 sites worldwide. The acquisition of Bergen Engines, based in Bergen, Norway, is part of TMH’s strategy to diversify its business activities, expand its product portfolio and international footprint.
Bergen Engines will be operated as a stand-alone business by TMH International, which is headquartered in Switzerland. TMH International already operates in Argentina, Cuba, Egypt, Germany, Hungary, Israel and South Africa.
The agreement follows a strategic review by Rolls-Royce of Bergen Engines announced in February 2020. The sale includes the medium speed engine factory, service workshop and foundry in Norway; engine and power plant design capability; and a global service network spanning more than seven countries. Since 1946, Bergen Engines has supplied over 7,000 engines to marine and power generation customers worldwide, of which around 4,000 are still in operation. Bergen Engines’ long-term relationship with Kongsberg Maritime, distributor of Bergen medium speed engines to the maritime market, is planned to continue as is.
Rolls-Royce has signed an agreement to sell the Bergen Engines medium speed gas and diesel engines business to TMH International, the international branch of TMH Group, for net proceeds of approximately EUR 150m.
Bergen Engines plant in Hordvikneset near Bergen, Norway
TMH Group, based in Russia, is a leading engineering company in rail transport technologies and the world’s fourth largest supplier of rail rolling stock. It offers a full range of products and services including medium-speed engines for rail applications with current production of more than 850 engines a year. Established in 2002, TMH is privately-owned and employs 100,000 people across 25 sites worldwide. The acquisition of Bergen Engines, based in Bergen, Norway, is part of TMH’s strategy to diversify its business activities, expand its product portfolio and international footprint.
Bergen Engines will be operated as a stand-alone business by TMH International, which is headquartered in Switzerland. TMH International already operates in Argentina, Cuba, Egypt, Germany, Hungary, Israel and South Africa.
The agreement follows a strategic review by Rolls-Royce of Bergen Engines announced in February 2020. The sale includes the medium speed engine factory, service workshop and foundry in Norway; engine and power plant design capability; and a global service network spanning more than seven countries. Since 1946, Bergen Engines has supplied over 7,000 engines to marine and power generation customers worldwide, of which around 4,000 are still in operation. Bergen Engines’ long-term relationship with Kongsberg Maritime, distributor of Bergen medium speed engines to the maritime market, is planned to continue as is.
Bergen Engines has been a part of Rolls-Royce since 1999 and has approximately 950 employees, with the majority based in Bergen, Norway. In 2019 the business generated revenues of £239m which were consolidated within the results of our Power Systems business.
The transaction has been approved by the boards of both Rolls-Royce and TMH and is expected to close in the second half of 2021.
Colombian airline signs five year contract for its seven aircraft ATR fleet
ATR and SATENA announce the signing of a Global Maintenance Agreement (GMA) contract covering: onsite stock, Standard Exchange, Line Replaceable Unit repair and propeller blades. SATENA are an existing ATR operator but this is the first time they have chosen ATR’s GMA for their fleet support. Owned and managed by the Colombian Air Force, SATENA provides essential connectivity throughout the country, providing links to communities and economies, supporting growth and development. For 20 years, through the GMA, ATR has contributed to reducing operators’ maintenance costs and boosting their operations.
The team of SATENA said: “Choosing the ATR GMA means that we will benefit from the manufacturer’s expertise, which brings many advantages. The COVID pandemic has highlighted how essential regional aviation continues to be for passengers, making reliability more important than ever. Our passengers need to know that they can rely on us, so we need to know that we can rely on our fleet. Selecting the ATR GMA ensures that we have the right infrastructure in place to optimise our operations. The availability and depth of support offered by the GMA makes it the best option available for ATR operators and the right choice for us.”
David Brigante, SVP Programmes and Customer Service of ATR commented: “Everyone is aware of the challenges that airlines are currently facing, so when in the midst of this situation an operator such as SATENA, who is dedicated to supplying essential connectivity, puts their faith in us by choosing our GMA it is something of which we can be immensely proud. SATENA helps Colombians living in remote areas link to larger hubs, allowing them to access economic or educational opportunities or connect with their friends and family. As a manufacturer, ATR’s mission is the same: to create a tool that supports communities by connecting them. This shared vision is why we have always been proud to count SATENA as an operator and why we are now especially pleased that they have chosen our GMA.
Rex Airlines marks another major milestone tomorrow, as the first of its Boeing 737-800NGs lands in Sydney in full Rex livery (airline colours). The aircraft arrived in Brisbane today just after 7:30pm on a transit stop after its major scheduled check overseas. The aircraft is due to touch down in Sydney at 8:30am on Christmas Eve.
Planespotters will be in for a treat as they finally get to see Rex’s official livery on its Boeing 737 in the Sydney skies.
Rex has leased six Boeing 737-800NG aircraft in readiness for its inaugural service from Melbourne to Sydney commencing 1 March 2021.
Brisbane will be added to Rex’s capital city network after Easter.
Rex’s Deputy Chairman the Hon John Sharp AM said, “The livery of Australia’s favourite Regional Airline is now emblazoned on a 737, ready for take-off. It’s a historic moment.”
“Our second 737 is currently being painted by Douglas Aerospace at one of the country’s finest aircraft paint facilities in Wagga Wagga. The remaining four 737s are undergoing scheduled checks and will be brought in-country over the next 3 months.”
“With Rex’s entry into the domestic market, passengers are no longer forced to choose between cheap fares that come with limited service and reliable service with premium fares. Rex is bringing its renowned country hospitality to the capital city market, offering twice the value at half the cost. This is the shake-up Australia’s domestic aviation sector has been crying out for and it could not have come at a better time, as Australia struggles to recover from the worst pandemic in the last century.”
To celebrate its launch, Rex is offering 100,000 special $79 fares between Melbourne and Sydney on sale now at rex.com.au.
Rex is Australia’s largest independent regional and domestic airline operating a fleet of 60 Saab340 aircraft (pre-COVID) on 1,500 weekly flights to 59 destinations throughout all states in Australia. Rex will begin its domestic services with six 737-800NGs in March 2021. In addition to the airline Rex, the Rex Group comprises wholly owned subsidiaries Pel-Air Aviation (air freight, aeromedical and charter operator) and the two pilot academies, Australian Airline Pilot Academy in Wagga Wagga and Ballarat.
St. George, Utah, Sept. 29, 2020 /PRNewswire/ — SkyWest, Inc. (NASDAQ: SKYW) (“SkyWest”) today announced that it and its wholly-owned subsidiary SkyWest Airlines, Inc. have entered into a five-year Loan and Guarantee Agreement with the U.S. Treasury Department which provides SkyWest Airlines with a secured term loan facility to borrow up to $573 million under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). On September 29, 2020, upon entry into the Loan Agreement, SkyWest Airlines borrowed $60 million under the facility and has until March 26, 2021 to determine if it will borrow additional amounts in up to two subsequent borrowings.
The interest rate under the secured term loan facility is LIBOR plus 3.0% with no amortization. In consideration for the loan, SkyWest is obligated to issue warrants to the U.S. Treasury Department to purchase shares of common stock based on, and in connection with, amounts drawn under the secured term loan facility. In connection with the initial $60 million draw under the facility, SkyWest issued warrants to purchase 211,416 shares of common stock at an exercise price of $28.38 per share.
The Loan and Guarantee Agreement also includes certain restrictions, including restrictions on the payment of dividends and the repurchase of SkyWest shares. The Secured Loan is collateralized by aircraft engines and aircraft parts.
