Vistara, India’s full-service carrier and a joint venture of Tata Sons and Singapore Airlines, has signed a long-term contract to partner with Airbus for their Flight Hour Services – Tailored Support Package (FHS-TSP). The contract will cover engineering and maintenance for 62 aircraft, including 23 existing ones.
The FHS-TSP contract provides integrated and guaranteed services ranging from the supply and repair of components to the manufacturer’s unique Fleet Technical Management service. An on-site Airbus team will support the daily maintenance activities, including spares, warehousing and engineering to ensure the highest standards of aircraft technical dispatch and operations.
Under the agreement, Airbus will offer its expertise in the areas of maintenance, engineering, reliability and supply chain management. Airbus will ensure a) timely availability of spare parts b) maintenance planning c) compliance with airworthiness advisories as well as technical records on all aircraft.
“We are delighted to announce the partnership with Airbus to avail the advantages of their TSP programme. Vistara is committed to the highest standards of operational efficiency and innovation and the adoption of this service is part of our continual efforts to maximise customer satisfaction,” said Sisira Kanta Dash, Senior Vice President – Engineering, Vistara.
“Airbus Services’ combined aircraft engineering capabilities, expertise in maintenance operations and data analytics know-how will help Vistara to increase its competitiveness and secure its operations. This contract also reaffirms our commitment to expanding and deepening our Airbus Services footprint in India,” said Rémi Maillard, Head of Airbus Services.
Airbus provides a host of material and maintenance services, which go from initial provisioning and on-request solutions by Satair, Airbus’ 100% subsidiary, to ‘all-in-one’ solutions with material management, maintenance operations and engineering solutions through FHS-TSP. Leveraging Skywise’s digital platform capabilities, the latest applications optimizing aircraft availability include real- time health monitoring and predictive maintenance.
Saint-Cloud, France, July 2nd 2019 – Dassault Aviation and RUAG announced the acquisition by Dassault Aviation of the maintenance and FBO activities of RUAG in Geneva and Lugano.
“The acquisition of the business aviation activities of RUAG is part of our strategy to develop a worldwide MRO network of excellence and will allow Dassault Aviation to reinforce its footprint in Switzerland. RUAG has been a long-time partner of Dassault Aviation as an authorized Falcon service center. This acquisition will consolidate our network in Geneva and Lugano. Both Geneva and Lugano FBO activities will complement the full range of services offered by Dassault Aviation in Switzerland”, declared Eric Trappier, Chairman and CEO of Dassault Aviation.
“We are extremely satisfied that we have completed this transaction with Dassault Aviation, a leader in manufacturing and maintaining aircraft”, said Urs Breitmeier, CEO of the RUAG Group. “They are an experienced partner of RUAG and can provide a strong foundation for successfully continuing operations in Geneva and Lugano, as well as for the future of the members of our staff at both sites”.
Toulouse, 18 April, 2019 – Manta Air, the new domestic carrier of the Republic of Maldives, has signed a Global Maintenance Agreement (GMA) with ATR, the world leader in the regional aviation market. This five-year contract covers the Maldivian airline’s full fleet for the repair and overhaul of easily replaceable components (Line Replaceable Units), propeller maintenance and an on-site leased stock of spare parts.
This long-term agreement also includes on-site technical support, through which a dedicated Customer Support representative assists Manta Air in their daily operations. The airline is benefitting from tailored recommendations to make an optimal start to operations, based on its very specific needs, and ATR’s expertise to enhance aircraft reliability.
“Manta Air’s aim is to raise the standards of the domestic aviation industry by providing the best flying experience for our passengers, and increased connectivity in the Maldives. As a tailor-made maintenance package, the ATR GMA responds specifically to our needs, and ATR’s expertise will ensure our brand new ATR 72-600s fly as much as possible. Our passengers depend on a reliable service and ATR’s GMA is a valuable tool to help us deliver this.” declared Edward Alsford, Chief Operation Officer of Manta Air.
Tom Anderson, Senior Vice-President Programs and Customer Services of ATR added: “Through this partnership, Manta Air’s is benefitting from our support and expertise from the very first stages of operations, enabling them to get the most value possible from their latest generation ATR aircraft. In an increasingly competitive market, initial parts provisioning, anticipation of spares requirements, parts reliability, repair management, maintenance costs optimisation and stock management are some of our operators’ crucial challenges.”
The first two ATR 72-600s of Manta Air, secured through Nordic Aviation Capital, have been delivered in late 2018, and a third aircraft has been delivered in early March 2019. With their dual-class configuration of 64 seats, Manta Air’s ATR 72-600s will help improve connectivity for the hospitality industry in the beautiful Maldivian atolls. They will be mainly operated on short sectors where ATR aircraft have already proven their operational and economic efficiency.
About Manta Air: Manta Air was founded in 2016 and is a joint venture between Deep Blue Private Limited, a local company with multiple investments in the tourism sector and Mr. Umar Mohamed Maniku. The company was created to cater for the need for more air domestic transport options and to support the rapid development of domestic airports and the fast-paced expansion of resorts and guesthouses across the country.
About ATR:
European
turboprop manufacturer ATR is the world leader in the regional aviation
market. ATR designs, manufactures and delivers aircraft, with its fleet
encompassing some 200 airlines in nearly 100 countries. The ATR 42 and
the ATR 72 are the best-selling aircraft in the below 90-seat category.
With continuous improvement as a driving force, ATR produces cutting
edge, comfortable and versatile turboprops that help airlines expand
their horizons by creating more than 100 new routes every year. Compared
with other turboprops, ATRs offer an advantage of 40% on fuel burn, 20%
on trip cost and 10% on seat cost, whilst offering the lowest noise
emissions. ATR is an equal partnership between leading aerospace firms
Airbus and Leonardo and benefits from a large global customer support
network allowing it to deliver innovative services and solutions to its
clients and operators all over the world. For more information, please
visit http://www.atr-aircraft.com. Follow us on Twitter – #ATRLeads
Lisbon-based TAP Air Portugal has taken delivery of its first of twelve A321LRs on order, becoming the first airline to operate a combined A330neo and A321LR fleet. The A321LR is the world’s most flexible and capable large single-aisle aircraft. Powered by CFM engines, TAP’s A321LR is configured with 171 seats (16 full flat Business, 48 Eco Premium and 107 Ecomomy seats).
The combination of the A321LR and the A330neo within a single fleet provides operators a powerful lever to cover the needs of the medium- to long-haul market. With both newest-generation single-aisle (20% fuel burn reduction) and widebody aircraft (25% fuel burn reduction), airlines benefit from an unrivalled commonality for operations while passengers experience a higher and harmonised comfort standards.
“The A321LR is critical for TAP’s expansion plans. With its superior range we can comfortably explore markets in North America, South America and Africa from Portugal, and it’ll fit in seamlessly with our A330neos,” said Antonoaldo Neves, CEO, TAP Air Portugal. “In North America it allows us to explore markets on the East Coast, such as New York, Boston, Montreal or Washington. In Brazil the A321LR can open new markets in the Northeast and complement existing services to cities like Recife, Natal, Fortaleza or Salvador,” he added. “The aircraft are equipped with the latest-generation full flat business class and high comfort economy seats, a full suite of in-flight entertainment (IFE) and connectivity, as well as free messaging services”.
TAP’s A321LR will be operated on the Lisbon-Tel Aviv route at its entry into service.
“We applaud TAP Air Portugal for becoming the first airline to leverage the benefits of the A321LR and the A330neo in a common fleet. The A321LR and A330neo working in tandem have the middle market segment nicely covered. The ‘Airbus NEO Midsize Aircraft’ – let’s call them the ‘A-NMA’s,’ are a winning, seamless combination – unprecedented capacity and transatlantic range with single aisle cost with the A321LR, and unbeatable unit costs and flexibility for true long haul with the A330neo. Both with the most contemporary technology and cabin comfort in their class,” said Christian Scherer, Airbus Chief Commercial Officer.
TAP currently operates an Airbus fleet of 75 aircraft comprising five A330neo, 13 A330ceo,4 A340s, and 45 A320 Family aircraft. The single-aisle fleet includes 21 A319ceo, 20 A320ceo, four A321ceo, two A320neo and six A321neo.
The A321LR is a member of the A320neo Family, with over 6,500 orders by more than 100 customers. It delivers 30% fuel savings and nearly 50% reduction in noise footprint compared to previous-generation competitor aircraft. With a range of up to 4,000nm (7,400km) the A321LR is the unrivalled long-range route opener, featuring true transatlantic capability and premium wide-body comfort in a single aisle aircraft cabin.
The A330neo is a true new-generation aircraft building on the A330’s success and leveraging A350 XWB technology. It incorporates the highly-efficient new-generation engines, new wings and new sharklets derived from A350 XWB technology.
(Reuters) – Jet Airways Ltd, India’s biggest full-service carrier, has been under dark clouds for the most part of the past year, and several efforts are on to save the sinking airline.
While intense pricing competition, weak rupee and rising fuel costs have hurt Indian airlines like IndiGo owned by InterGlobe Aviation Ltd and SpiceJet Ltd, Jet Airways is in a league of its own.
Saddled with a debt of about 80.52 billion rupees ($1.14 billion) as of Sept. 30, Jet is desperately searching for a deal that could help mitigate its severe liquidity crunch. The airline has a market capitalisation of 28.81 billion rupees as of Friday’s close.
Here’s how Jet has fared:
May 3 – Jet shares fall 12.3 percent after InterGlobe Aviation reported a slump in net profit for March-quarter a day earlier
May 23 – Jet posts first quarterly loss in at least 12 quarters, says it has a negative net worth that ‘may create uncertainties’
Aug 1 – Media report says Jet asked employees to take an up to 25 percent cut in salaries as a part of a cost cutting measure
Aug 3 – Jet denies report that it cannot fly beyond 60 days, and dismisses conjecture of stake sale
Aug 9 – Airline defers board meet for first-quarter results
Aug 11 – After State Bank of India chairman says Jet’s loan is on the bank’s watch list, Jet says it is regular in payment obligations to all banks
Aug 13 – Airline reaffirms that it is considering various options to meet its funding requirements
Aug 15 – Report says U.S. private equity firm Blackstone Group LP is in talks to buy a stake in Jet’s frequent-flier loyalty programme JetPrivilege
Aug 20 – Sources tell Reuters that private equity firm TPG Capital is considering investing in Jet, but is not close to finalising a deal
Aug 27 – Jet posts loss for the June-quarter, says it will inject funds and cut costs by more than 20 billion rupees in two years
Sept 4 – Government plans relief package for airlines
Sept 6 – Jet says it paid salaries to 84 percent of its employees after reports emerge that pilots warned ‘non-cooperation’ over salary default
Sept 20 – Income Tax department conducts survey at Jet’s premises
• Over two dozen passengers on a Jet flight are treated for minor injuries after the plane loses cabin pressure
Oct 4 – Rating agency ICRA downgrades the company’s long term loans and NCDs, citing impact of steep increase in jet fuel prices, rupee depreciation, delay in implementation of liquidity initiatives
Oct 18 – Report says Indian conglomerate Tata Group is in talks to buy stake in Jet. Jet calls report “speculative”
Oct 30 – U.S.-based Delta Air Lines Inc expresses interest to buy Jet stake from promoter Naresh Goyal and Etihad Airways
Nov 5 – Report says Tata aims to buy the 51 percent stake in the airline owned by Naresh Goyal, and Etihad Airways’ 24 percent stake, and merge Jet with Vistara
Nov 12 – Jet posts third straight quarterly loss, chief executive officer Vinay Dube expresses confidence in overcoming current challenges
Nov 13 – Tata Sons begins due diligence to buy Jet, reports say
Jet executive says company is in talks with multiple parties for a stake sale in its loyalty program, and equity infusion in the airline
Nov 15 – Shares surge nearly 25 percent following reports that the debt-laden airline was nearing a rescue deal with Tata Sons; another report says the Indian government asked Tata to explore buying Jet
Nov 16 – Tata Sons says discussions on Jet is preliminary and no proposal has been made
Nov 20 – Tata Sons may go slow on Jet deal after some directors from Tata’s board expressed concerns, according to media reports
Nov 21 – The airline says news on Naresh Goyal, Etihad discussing merger of JetPrivilege with Jet Airways is speculative
Nov 22 – Independent director Ranjan Mathai resigns, citing rising pressure from other commitments
Nov 26 – Report says Naresh Goyal may hand over Jet Airways ops to Etihad Airways
Dec 3 – Jet says it will stop providing free meals to most domestic economy class passengers from January, in its latest move to cut costs and boost revenues
Dec 5 – Jet and Etihad Airways have been holding rescue talks with Jet’s bankers, sources tell Reuters
Dec 6 – Jet tells its pilot union it will clear all salary dues by April, and gives them schedule outlining when the payments will be made, source tells Reuters
Dec 7 – ICRA cuts Jet rating yet again, cites delays in implementation of the proposed liquidity initiatives by Jet’s management
Dec 14 – Goyal’s penchant for control has come up as a major obstacle as the airline tries to negotiate a rescue deal, several people who have worked closely with him or known him over the years tell Reuters
Jan 2 – The airline says it has delayed payment to a consortium of Indian banks, led by SBI; ICRA cuts rating again
Jan 10 – Jet proposes to creditors that it will catch up with debt payments in arrears by September and from April will meet debt payments as they come due, according to a document seen by Reuters
Jan 11 – Crisis talks between Jet and aircraft lessors have failed to ease a row over late payments, prompting some lessors to explore taking back aircraft, three people familiar with the matter tell Reuters. Etihad is not “in any position to sink new equity into Jet at this juncture,” says a person familiar with Etihad’s position.
($1 = 70.5090 rupees)
(Compiled by Arnab Paul and Chris Thomas in Bengaluru; Editing by Gopakumar Warrier)
