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*14th May 2019*

Bevy of appointments announced across aviation industry
There has been many new appointments made across the industry.

Zephyrus Aviation Capital has made two new appointments to its management team.
Susan Geitzenauer has been named the group’s new chief operating officer after previously serving as vice president – commercial transactions for Castlelake Aviation.

In her previous role, Geitzenauer managed lease, sale and finance transactions.

Elsewhere, David Porter-Smith has been appointed senior vice president, following his previous role as former vice president-technical at Avolon and CIT Aerospace.

In that role, he was responsible for technical and asset management of multiple aircraft across various countries within Africa, Europe and the Indian subcontinent.

Nordic Aviation Capital strengthens management team with CFO appointment
Nordic Aviation Capital has announced the appointment of a new chief financial officer, effective September 2019.

Alan Jenkins will assume the role and will report to the company’s chief executive officer, Søren M. Overgaard.

With over 20 years of experience in the aviation and financial services industry, Jenkins was the president, chief operating officer and CFO of Waypoint Leasing, a global helicopter lessor – a position he held since the launch of the business in 2013.

Commenting on Jenkins appointment, Søren M. Overgaard, CEO of Nordic Aviation Capital said: “I am delighted to welcome Alan to his new role. Alan brings extensive financial, operational and strategic expertise to NAC. His experience to date will enable us to continue to deliver on our strategic vision for the company and to accelerate NAC’s growth trajectory.”

Aircraft lessor Genesis announces new CEO
Dublin-based aircraft lessor Genesis has appointed of Karl Griffin as its new chief executive officer, a newly created role for the company.

Griffin joined the company in May 2018 as Genesis’ chief commercial & investment officer. He was hired to help expand Genesis’ leasing platform including all commercial, technical, portfolio and legal management functions required of a full-service premier owner and lessor of commercial aircraft.

“Karl has been instrumental in building out Genesis’ aircraft leasing business over the past 12 months. He has demonstrated to our Board, and to the firm’s employees, his excellent leadership skills and knowledge of the aircraft leasing market,” said Tom Juterbock, Genesis’ chairman of the board and head of infrastructure investments at Barings.

“Since 2014, Genesis has grown into a full-service leasing company. We’re very proud of the entire team at Genesis and fully support Karl as he leads the team during its next phase of growth.”

Prior to Genesis, Griffin was the chief operating officer at aircraft leasing firm DAE Capital and has held leadership roles across the global aviation industry including Virgin Express, RBS Aviation Capital, AWAS and Shannon Aerospace throughout his 30-year career.

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Model MSN YoM TFHs/TFCs Engines CC OL/A/S AD
A321-231 1928 2003 V2533-A5 PAX OL 200101
737-400 26280 1992 58323-35055 CFM56-3C1 PAX OL/S 190630
A220-200 TBA 2019 0-0 PW1500G PAX S 190608
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Maintenance News
Air Partner wins Airbus managed service contract
Global aviation services group Air Partner has announced that it has been awarded a three-year contract by Airbus for managed services.

As part of the contract, Air Partner will manage all operational and contractual requirements for Airbus’ corporate shuttle flights, which are a vital link for the company’s employees and contractors moving between Airbus factories in Chester, Bristol and Toulouse.

The flights, which will take place on two dedicated, 49-seat Embraer E145 regional jets, will be operated by Glasgow-based Loganair.

The aircraft will operate 28 sectors from Monday to Thursday inclusive every week for the duration of the three-year contract.

Mark Briffa, CEO of Air Partner, said: “We have decades of experience working with some of the world’s leading corporations, including many within the aviation sector, and I’m delighted that Airbus has chosen Air Partner’s managed services offering. Winning such a highprofile contract is testament to the strength of the service we provide and we look forward to using our extensive expertise to support Airbus.”

Airport News
Frankfurt Airport sees 1.4% increase in passengers during May 2019
Frankfurt Airport (FRA) has reported that it welcomed 6.2 million passengers in May 2019, an increase of 1.4% year-on-year.

Aircraft movements in May 2019 climbed by 1% to 46,181 takeoffs and landings. Accumulated maximum takeoff weights (MTOWs) expanded by 0.8% to about 2.8 million metric tons.

Cargo throughput slightly grew by 0.6% to 185,701 metric tons.
Pulkovo St Petersburg Airport set for digital implementationNorthern Capital Gateway (NCG) is set to implement a digital enterprise management system (ERP system) at Pulkovo St Petersburg Airport.

The firm, which owns the Russian airport, will install the ERP system, which includes in-memory technology and machine learning capabilities by May 2020.

The new system, based on the innovative platform SAP S/4HANA, will allow the airport to regulate accounting and management processes and maintain active business growth under constant changes, the company says.

Leonid Sergeev, NCG CEO, said: “In 2018, Pulkovo served 18.1 million people and was among the top five fastest growing European airports in its category. The list of strategic priorities of NCG includes a further increase in passenger traffic, expansion of infrastructure, route network, attraction of new airlines to St. Petersburg, including low-cost carriers.

“Solving these tasks requires reliable, flexible and advanced IT architecture, which we will create together with SAP, the international leader of digital solutions for business.”

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Airlines News
ExpressJet Airlines introduces Embraer E175 to fleet
ExpressJet Airlines has begun service with its newest aircraft type – the Embraer E175.

The first flight, UA4042, departed Houston’s George Bush Intercontinental Airport for Hartsfield-Jackson Atlanta International Airport.

“For ExpressJet and its 3,000 aviation professionals, the Embraer E175 is more than a new, high-tech aircraft,” said chairman and CEO Subodh Karnik. “It is a symbol of ExpressJet’s future as a growing and trusted United Express partner.”

ExpressJet is adding 25 new E175s to its fleet in 2019.

So far, the airline has taken delivery of four E175s and will continue adding new aircraft throughout the year.

Canada’s Jetlines granted slots at Vancouver International Airport
Canada’s Jetlines has been granted slots at Vancouver International Airport (YVR).

The slots will permit Jetlines to operate up to 10 flights per day and over 1,000 flights during the winter season from December 17 to March 28, 2020.

The initial two Airbus A320 aircraft that Jetlines has secured through its partnership with SmartLynx will be parked at YVR airport nightly.
Jetlines CEO Javier Suarez commented: “I am excited to share that all slots to operate our winter schedule have been awarded. It is significant for Jetlines as we work to commence operations out of Vancouver International Airport.

“The Airport operates at a very high capacity in the winter season, as travellers plan trips to see family and friends, or to go on a vacation. These slots will allow us to fly our first passengers for these special occasions at incredibly low fares – at a price point that most Canadians have not had the opportunity to fly at.”

Southern Air successful against pilot union in labour arbitration 
Southern Air, a subsidiary of Atlas Air Worldwide, has been successful in a arbitration against the union that represents Southern Air’s pilots, the Airline Professionals Association, Teamsters Local 1224.

From June 12, arbitration decision orders the union to promptly proceed with contractually required negotiations for a new joint collective bargaining agreement (JCBA) in connection with the merger of Southern Air and Atlas Air.

While union leaders have said publicly that the company has delayed negotiations, the decision states that: “We can conclude with some certainty, however, that there has been a delay inspired by the Union’s misapprehension of the contractual requirements and that they must now respond vigorously to the Company’s request to proceed.”

This is a positive step in the company’s goal of completing a new JCBA that increases pay for Southern Air and Atlas Air pilots as soon as possible.

“Had the union leaders honoured their contractual commitments when we announced the merger back in 2016, Southern Air and Atlas Air pilots would have already had their new contract – and a pay increase – by now,” said Atlas Air Worldwide president and chief executive officer William J. Flynn.

Alaska Air Group reports May 2019 operational results
Alaska Air Group has reported its May 2019 operational results.

The group’s results include Alaska Airlines, regional carrier Horizon Air and third-party regional carriers SkyWest Airlines and Peninsula Airlines, a subsidiary of Ravn Air.

In May 2019, revenue passengers came in at 4.028 million for May 2019, up 0.3% from 4.042 million in the same period last year.

The group’s revenue passenger miles stood at 4.84 million, an increase of 1% from 4.83 million experienced in May 2018.

Its available seat miles was reported to be up 0.7% to 5.702 million. Meanwhile, its passenger load factor stood at 85.7%, up 0.3 percentage points from 85.4% in the same period last year.

Southwest Airlines extends grounding of Boeing 737 Max fleetSouthwest Airlines has extended its grounding of the Boeing 737 Max fleet until September 2.

In a statement, Southwest said: ” We continue to await guidance from Boeing and the Federal Aviation Administration (FAA) on the impending 737 Max software enhancements and training requirements. We are encouraged by the reported progress and proposed path forward for returning the aircraft to service, and we remain confident that, once certified by the FAA, the enhancements will support the safe operation of the Max.”

The carrier becomes the second US airline to extend the grounding of 737 Max aircraft following American Airlines earlier this week announcing it will continue its grounding until September 3.

In April, Southwest revised its flight schedule by removing the Max through Aug 5.

The revision will remove roughly 100 daily flights from the airlines schedule.

Finance News 
LATAM Airlines Group announces bond issue in Chile
LATAM Airlines Group has issued a bond in Chile’s capital market as part of a Dutch auction, a first for LATAM on the Santiago Stock exchange, Bolsa de Comercio de Santiago.

The transaction has a risk rating of BBB+ by Feller-Rate and Fitch for the approved line, and was placed under Series E for 5 million Unidades de Fomento (UF) over 10 years, with a monthly interest payment at a placement rate of 2.73%, representing a spread of 201 basis points over the reference rate, running 67 basis points during the auction regarding the subscription rate.

Credicorp Capital and Santander were the financial advisers and placing agents for the transaction.

Technology News
Ampaire completes test flights for highest capacity hybrid-electric aircraft
Ampaire has completed test flights at Camarillo Airport in California on what it claims is the world’s highest capacity hybrid-electric aircraft.

The Ampaire 337, was retrofitted with Ampaire’s proprietary electric propulsion system and is powered by a lightweight battery system.
The electric motor, powered by battery, replaces the combustion engine of the aircraft’s original two-engine configuration.

“This is a significant step for aviation because never before has a hybrid-electric aircraft this large flown. Ampaire’s 337 is built with a direct path towards commercialisation – moving electric aviation firmly from futuristic to attainable,” a statement from Ampaire said.

“Ampaire is proud to lead the aviation industry in transportation electrification, and we recognise the importance of electric aviation for climate change and community connectivity.”

Ampaire has stressed that the aircraft sees significant greenhouse gas emissions savings and will reduce operating costs.

Ampaire plans to launch commercial operations in 2021.

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Airline News
TUA teams with Lufthansa to achieve international air safety standards
Turkmenistan Airlines (TUA) is working with Lufthansa Consulting in a bid to raise its performance following difficulties in satisfying relevant EASA (European Aviation Safety Agency) requirements at the beginning of this year.

Lufthansa Consulting has developed and agreed on corrective action plans and has also begun implementing them.

TUA is working on both the management system changes and the practical implementation involving improvement of main management systems. There is a particular focus on the safety and quality management system, documentation development and process implementation.

Leasing News
IndiGo takes delivery of six ATR72-600 aircraftChorus Aviation will deliver six new ATR72-600 aircraft to InterGlobe Aviation Limited, owners of India carrier IndiGo, under a sale and leaseback transaction.

Deliveries are anticipated in the second and third quarters of 2019.

“We are delighted to welcome IndiGo, as our 14th lease customer,” said Steve Ridolfi, president, Chorus Aviation Capital. “The Indian aviation market is vibrant and dynamic with regional air transportation expanding rapidly to connect previously unserved communities. IndiGo is perfectly positioned to capitalize on this exciting growth. This is Chorus Aviation Capital’s second leasing transaction this year in India, one of the world’s fastest growing aviation markets.”

Joe Randell, president and chief executive officer at Chorus, said: “We’re maturing and building scale as a worldwide regional aircraft lessor through the addition of yet another well-established lessee.

“This latest transaction expands Chorus Aviation Capital’s leasing portfolio to 561 aircraft worth some $1.1 billion and with $830 million in future contracted lease revenue.”

Upon the completion of this transaction, CAC’s announced portfolio commitments include 44 turboprops and 12 regional jets.
When combined with the 47 aircraft leased under the capacity purchase agreement with Air Canada, Chorus’ fleet of leased aircraft comprises 103 aircraft valued at approximately $1.7 billion.