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Delta CFO Paul Jacobson to Retire After 23-year Career

  • Jacobson, who was named the airline industry’s best CFO eight times, will remain at Delta while a successor is named and throughout the transition.

Paul Jacobson, Delta’s Chief Financial Officer, is retiring after a remarkable career at Delta that spanned more than two decades.

Jacobson will remain at Delta while a successor is named and throughout the transition. He joined the company in 1997 and was named CFO in 2012.

“Paul played a crucial role in Delta’s bankruptcy process and the strategy that led Delta to regain our investment-grade balance sheet while also investing billions in our people, product and service,” Delta CEO Ed Bastian wrote in a memo to employees Friday. “Paul has a gift for sharing financial messages that are clear, actionable and easily comprehended, ensuring that Delta people understand our financial standing, goals and path forward.”

Jacobson was named the airline industry’s best CFO eight times by Institutional Investor magazine’s poll of Wall Street analysts and investors. In his memo, Bastian also highlighted Jacobson’s service to the community, including his mission to raise awareness and funding for the American Heart Association after a member of his team experienced a heart attack at work.

Jacobson also helped establish the Delta Air Lines Aviation Education Building at his alma mater, Auburn University, providing resources for the next generation to learn to fly and pursue careers in aviation.

“When he leaves Delta later this year, his legacy will be our strong financial foundation and a best-in-class Finance team,” Bastian wrote.

Airbus Delivers 1,000th Super Puma Helicopter

Airbus’ 1,000th Super Puma helicopter – A civil H215 to be operated by the German Federal Police

Marignane – Airbus Helicopters has delivered its 1,000th Super Puma helicopter: a twin-engine multi-role H215 assembled in Marignane, France, and handed over to the German Federal Police (Bundespolizei) to support the German Havarie Command, which manages maritime emergencies off of Germany’s coast.

This delivery completes the German Federal Police’s order for four H215s, the first three of which were delivered in December 2018, and increases the German Federal Police’s Super Puma fleet to 23, including 19 AS332 L1s, making the police force one of the largest operators of Super Pumas in the world today.

“The Super Puma family of civil and military helicopters has consistently performed well thanks to its ability to appeal to many different mission segments, whether you’re fighting fires, building power lines, transporting troops, or saving lives in extreme environments,” said Bruno Even, CEO of Airbus Helicopters. “Thanks to our close partnerships with long-standing customers like the German Federal Police, who we are honoured will operate our 1000th Super Puma, we are able to continuously improve so that this important product continues to meet the evolving market needs for decades to come.”

Today, the Super Puma is operated by nearly 100 customers in 59 countries representing all regions of the world. The Super Puma family is composed of the H215 and H225 for the civil market, produced by Airbus Helicopters for law enforcement, aerial work, search and rescue, offshore transport and governmental missions, and appreciated for their versatility and ability to operate in extreme environmental conditions. In the military sector, Airbus Helicopters offers the H215M and H225M for search and rescue, troop transport, special ops and utility missions, among others.

Airbus is a global leader in aeronautics, space and related services. In 2018, it generated revenues of €64 billion and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.

Viking Signs Deal for Next Generation CL-515 Aircraft

PARIS, June 18, 2019––Longview Aviation Capital (“Longview”) and its subsidiary Viking Air Limited, a global leader of utility aircraft, support and services and manufacturer of the world-renowned Twin Otter, today announced a seven aircraft sales contract for six new-production CL-515 aircraft and one CL-415EAF.

The CL-515 is a newly developed, technically advanced multi-mission aerial firefighting aircraft – the next generation of the CANADAIR CL-415, the aviation industry’s benchmark amphibious aircraft and the backbone of firefighting missions around the globe. With enhanced firefighting capabilities, and the flexibility to support a wide range of critical mission operations, the CL-515 will be a vitally important strategic asset to fleets around the world.

The Republic of Indonesia’s Ministry of Defense has agreed to purchase six all-new CL-515 aircraft, four of which will be delivered in “First Responder” multi-mission configuration, and two delivered in optimized aerial firefighter configuration. The purchase agreement also includes one CANADAIR CL-415EAF “Enhanced Aerial Firefighter” aircraft converted from a CANADAIR CL-215 to EAF standard by Longview Aviation Capital’s subsidiary, Longview Aviation Services.

The Republic of Indonesia’s purchase agreement is a firm commitment that is conditional only on Longview Aviation Capital’s Board of Directors approving the production launch program.

“We are thrilled to welcome the Republic of Indonesia as the first customer for this extraordinary aircraft,” said David Curtis, Chairman and Chief Executive Officer of Longview Aviation Capital. ”This contract is a major milestone in bringing the next generation CANADAIR to market. The confidence of a sovereign government in our program is matched by our own confidence in our ability to deliver this new aircraft platform to the world. We are very well advanced in all aspects of program planning, including our supply chain, and we are nearing a final decision on manufacturing and final assembly sites. We expect to complete the remaining program milestones in the near future, and deliver the first new CL-515 on schedule in 2024.”

Program Development Process

Since acquiring the type certificates for the CANADAIR amphibious aircraft program from Bombardier in 2016, Longview has had positive discussions with numerous potential customers from around the world, including both governments and private operators, who have enthusiastically encouraged a production restart.

On the basis of the global interest in the unique and unrivalled capabilities of the CL-515, Longview and Viking have invested in a rigorous process ahead of full production launch decision:

  • Consulted extensively with current global operators to understand their future aerial firefighting resource requirements
  • Conducted extensive market research and feasibility studies and developed a new all-season multi-mission platform, leveraging advanced technology not previously included in the CL program
  • Consulted with key supplier partners
  • Undertaken advanced supply chain and manufacturing planning, including options associated with Longview’s current facilities and potential new facilities in Western Canada

CL-515 Highlights

  • Up to 15% better aerial firefighting productivity, including increased tank capacity and ability to refill in 14 seconds
  • State-of-the-art Collins Pro Line Fusion® digital avionics suite for unrivaled situational awareness
  • Flexible architecture to support multi-mission capabilities including aerial firefighting, maritime patrol, surveillance, medevac, environmental monitoring, insect control, oil spill detection and dispersant
  • Reduced maintenance and operating costs through improved, scalable avionics and superior design
  • Unmatched mission efficiency and flexibility, requiring no runway or reloading capacity during waterbombing firefighting

“Indonesia is on the front lines of increasing challenges like forest fires, and as an island nation has extensive needs for a range of amphibious capabilities,” said Air Chief Marshal Yuyu Sutisna, chief of staff for Indonesia’s Air Force. “We have chosen to invest in this aircraft based on the CANADAIR’s solid track record demonstrated around the world over the last 50 years, and Viking’s established capabilities as an aircraft developer and producer. The next generation CL-515 will have unmatched operational performance, particularly as a firefighter. This aircraft has the best productivity of any aerial firefighting aircraft, capable of delivering the highest quantity of foam retardant per day, while at the same time providing the flexibility to save lives and protect our coastal areas through its multi-role SAR and Maritime Surveillance functionalities. We are proud to sign the first contract for this extraordinary aircraft that will enhance our mission capability at excellent value.”

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