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Airbus opens new A321XLR equipment installation hangar

Hamburg, Germany, August 30, 2023 – Airbus (OTC: EADSY) is advancing its industrial system and expanding ramp-up capacity with a new automated A321XLR equipping hangar, officially opened today by Hamburg’s First Mayor Peter Tschentscher and German Aerospace Coordinator Anna Christmann. With this, Airbus continues its modernisation and digitalisation of its industrial system and expands its capacity for the rate ramp-up in the A320 programme to 75 in 2026.

Hamburg, 30 August 2023 – Airbus is advancing its industrial system and expanding ramp-up capacity with a new automated A321XLR equipping hangar, officially opened today by Hamburg’s First Mayor Peter Tschentscher and German Aerospace Coordinator Anna Christmann. With this, Airbus continues its modernisation and digitalisation of its industrial system and expands its capacity for the rate ramp-up in the A320 programme to 75 in 2026.

“Airbus’ Hamburg site plays a significant role in the development and production of the A321XLR. With our new, state-of-the-art equipment installation hangar, we are now expanding our capacity to manufacture A321 fuselages and making an important contribution to supporting our ramp up. At the same time we are reaffirming the importance of Hamburg for Airbus,” said André Walter, Head of Airbus Commercial Aircraft Production in Germany. “The design of the building reflects the latest standards in production and sustainability.”

Dr Peter Tschentscher, First Mayor of the Free and Hanseatic City of Hamburg: “Hamburg is the central location for Airbus’ single-aisle development and production. With the A321XLR, the new flagship of the A320 Family will be assembled at the Finkenwerder site, setting new standards in terms of sustainability, efficiency and range. The start of production in the new equipment installation hangar is an important project for Hamburg as the world’s third largest civil aviation center.”

“This investment in the A321XLR equipment installation hangar at the Airbus Hamburg site is an important milestone towards transitioning aviation to climate neutrality. This transformation is the key to making Germany a future-oriented and competitive aerospace location,” said Anna Christmann, the Federal Government Coordinator of German Aerospace Policy. “I am delighted that Airbus is positioning itself as a trailblazer in sustainable aviation and that we are pulling together to accelerate progress toward climate-neutral aviation even further.”

In the new equipment installation hangar, with 9,600 m2 of production space, designated H259, all the components of the rear fuselages of the A321XLR aircraft – also built in Hamburg – will be installed and mounted. The hangar is equipped with a full range of state-of-the-art technologies for operations and manufacturing, such as automated logistics, fully digital systems, and test stations that can output the status of each fuselage section (both in terms of logistics and resources) at any time. The almost 24-metre-long fuselage sections are equipped with all electrical and mechanical systems, as well as other elements such as windows, floor panels or external antennas, on an automated ‘pulse line’ consisting of eight stations. Each fuselage section is extensively tested directly after the installation of the systems. The fuselage sections are then transferred to the final assembly line in Hamburg.

The stations in the new hangar were planned in close consultation with the employees to create both an efficient production flow and an ergonomically optimised and modern working environment. In addition, the interior design also focused on ensuring optimal conditions for cooperation between the employees in production and the supporting functions.

The structure was planned and built sustainably. A 3,000 m2 photovoltaic system on the roof supplies the hangar with electricity, and surpluses are used to power the site. The office block on the south side offers an excellent level of insulation thanks to extensive insulation of the ceiling and walls. A fully automatic control system for heating, ventilation and lighting complements the measures.

Eastern Congo Plane Crash Kills at Least 27 People

GOMA, Democratic Republic of Congo (Reuters) – At least 27 people were killed, including some on the ground, when a small plane crashed into a densely populated neighborhood in the city of Goma in eastern Democratic Republic of Congo on Sunday, a rescue official said.

The propeller plane, which was operated by local company Busy Bee, crashed shortly after take-off en route to the city of Beni, about 250 km (155 miles) to the north, officials said.

The company said the 19-seater Dornier 228-200 had 16 passengers and two crew members on board. 

There was no word yet on what might have caused the accident. 

Joseph Makundi, the coordinator of rescue services in Goma, told Reuters that 27 bodies had been recovered from the rubble, including those of several people hit by falling debris. 

“I was at a restaurant with my family when I saw the plane spinning three times in the air and emitting a lot of smoke,” said Djemo Medar, an eyewitness in Goma’s Mapendo neighborhood. “After that we saw the plane crash into this house,” he said pointing to a nearby building.

“We know the pilot. His name is Didier. He was shouting, ‘Help me, Help me.’ But we had no way to get to him because the fire was so powerful,” Medar said. 

At the crash site, residents threw water from buckets and cooking pots onto the smoldering wreckage. The rear section of the plane rested sideways, propped up by a wall, videos posted on social media showed. 

Police arrested one man for stealing cash from the rubble and fired warning shots to disperse people who had started looting, he said. 

Air accidents are relatively frequent in Congo because of lax safety standards and poor maintenance. All Congolese commercial carriers, including Busy Bee, are banned from operating in the European Union. 

A cargo plane departing from the same airport and carrying staff members of President Felix Tshisekedi crashed an hour after take-off last month, killing all eight people on board..

Writing by Hereward Holland; Editing by Aaron Ross/Mark Potter/ Frances Kerry/Jane Merriman

Air Lease Corporation Initiates Portfolio Sale of 19 Aircraft to Thunderbolt III Aircraft Lease Limited

LOS ANGELES, November 11, 2019 – Air Lease Corporation (the “Company” or “ALC”) announced today that the Company initiated the sale of a portfolio of 19 aircraft to Thunderbolt III Aircraft Lease Limited (“Thunderbolt III”), a newly formed entity, and Thunderbolt III has now completed its equity and debt financing transactions.  The aircraft comprise a mix of narrowbody and widebody jet aircraft that, as of August 31, 2019, had a weighted average age of 9.7 years and were leased to 18 lessees based in 15 countries.  ALC and its Irish affiliate, ALC Aircraft Limited, will act as servicers with respect to the aircraft and ALC will act as portfolio manager.  ALC estimates that the process of transfer and sale of the majority of aircraft will occur progressively during Q4 2019 and Q1 2020.

The Thunderbolt III structure included two series of Fixed Rate Notes and Equity Certificates. Approximately 15.6865% of the Equity Certificates were purchased by the anchor investor which is an investment vehicle managed by ITE Management L.P. and approximately 5% of the Equity Certificates were purchased by ALC.

Proceeds from the issuance of the Notes and the Equity Certificates will be used to acquire the aircraft, fund certain accounts for the Notes and pay certain expenses.

“We are pleased to announce the closing of Thunderbolt III. This transaction allows ALC to efficiently sell 19 aircraft while retaining the customer relationships through our continued management of these aircraft.  I would like to thank our team and the Thunderbolt III investors for making this a successful transaction,” said Gregory B. Willis, Executive Vice President and Chief Financial Officer of ALC.

Mizuho Securities acted as Global Coordinator, Mizuho Securities, BofA Securities and Goldman Sachs & Co. LLC acted as Joint Lead Structuring Agents and Joint Lead Bookrunners, Wells Fargo Securities acted as Joint Lead Bookrunner, and BNP PARIBAS, Citigroup, J.P. Morgan, MUFG, RBC Capital Markets, SOCIETE GENERALE and SunTrust Robinson Humphrey acted as Passive Bookrunners (for the Notes) and Co-Managers (for the Equity Certificates).

Hughes Hubbard & Reed LLP acted as U.S. counsel to ALC and the Issuers, and Milbank LLP acted as U.S. counsel to the Global Coordinator, the Joint Lead Structuring Agents and the Joint Lead Bookrunners.  EY acted as U.S. and Irish tax advisors. Walkers acted as Cayman Islands counsel and A&L Goodbody acted as Irish counsel.  Vedder Price P.C. acted as counsel for ITE.

Canyon Financial Services Limited will act as the managing agent for the Issuers.  Citibank, N.A. will act as trustee, security trustee, paying agent and operating bank.  Wells Fargo Bank, N.A. will also act as the liquidity facility provider.  DealVector, Inc. will provide certain investor services for the holders of the Notes and Equity Certificates.