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*20th February 2019*

Jet Airways approves provisional resolution planLate last week Jet Airways’ Board of directors approved a Bank led Provisional Resolution Plan (BLPRP), whereby the consortium of lenders led by the State Bank of India will take a 50.1% stake in the company stake for 1 rupee through the issuance of 114 million new shares. The BLPRP needs to be approved by the consortium, founder Naresh Goyal and the board of Etihad Airways, which owns 24%. As mentioned, the deal is expected to be temporary to allow the airline to raise equity from investors. Jet Airways needs a cash equity injection of 85 billion rupees but it also needs to restructure its remaining debt and consider further asset disposals – probably via new sale-leaseback aircraft deals. Once the equity has been secured, the bank share will revert to debt.

The airline says that it will likely receive the requisite approvals from shareholders at the meeting scheduled to be held later this week on February 21, 2019. Once the debt for equity swap has been made, the consortium of lenders will become the largest shareholder and have a seat on the board.

The biggest question is where the fresh equity will be found. Goyal has been muted as being willing to stump up new cash, Etihad will have been contacted again for fresh help, while some sources suggest Indian conglomerate Tata Group could invest – potentially via political persuasion since the fall of a major airline would not be ideal for Prime Minister Narendra Modi, who faces an election this year. India’s National Investment and Infrastructure Fund has also been rumoured to be able to provide as much 13 billion rupees.

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AV Corp International
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Available assets from
Model MSN YoM TFHs/TFCs Engines CC OL/A/S AD
A320-214 3087 2007 CFM56-5B4/P PAX S 190801
A320-214 3187 2007 CFM56-5B4/P PAX S 190801
Engines and APUs
Model ESN L/E/S AD
V2527-A5 V12708 L IMM
LEAP-1A32 598489 L IMM
PW127M ED0659 L IMM
PW127M AV0009 L IMM

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Airline NewsAir France-KLM to improve governance and simplify structureAir France-KLM board of directors has unanimously approved the presentation of Benjamin Smith, CEO Air France-KLM, outlining his ambitions for the Group, principles of managerial governance, strategic decisions and processes to be made at Group level with the goal of simplifying and improving the governance of the Group in order to reach European airline leadership.

The main changes include the creation of a new Group CEO Committee to determine the strategic direction for all Group airlines and business units. This CEO committee will be chaired by Benjamin Smith. The other members of the committee include Pieter Elbers (CEO KLM), Anne Rigail (CEO Air France) and Frédéric Gagey (CFO Air France-KLM). The three of them will report directly to Benjamin Smith. The aim of this new structure is to increase collaboration across the Group to better capture synergies, efficiencies and economies of scale, with the aim of improving overall Group profitability, says the airline group.

The group will also simplify key operational processes into: fleet and network strategy, commercial and alliances strategy, human resources, purchasing, digital and data management.

The Board of Air France-KLM concurs with the Supervisory Board of KLM and proposes the renewal of Pieter Elbers as CEO of KLM during the KLM Annual General Meeting in April.

Both Anne Rigail and Pieter Elbers are also appointed Air France-KLM Deputy CEOs and have expressed their commitment to build the Group’s success alongside Benjamin Smith.

The Air France-KLM Board of Directors acknowledges the entry of Benjamin Smith to the Supervisory Board of KLM at their next AGM.

Cees’t Hart will become a member of the Air France-KLM Board of Directors at the Group’s next AGM, replacing Hans Smits.

“We are convinced that Benjamin Smith and his team, with the renewal of Pieter Elbers, will drive further growth at Air France-KLM, leveraging the combined strength and experience provided by the Group and its airlines.” said Anne-Marie Couderc, Chair of the Air France-KLM Board. “The Board of Directors welcomes this new management structure adopted today, that will help the Group, under the clear leadership of Benjamin, achieve industry leadership and success”

Ryanair launches new Luxemburg route to ToulouseRyanair has announced a new route from Luxemburg to Toulouse, with a three-times weekly service commencing in October 2019, as part of Ryanair’s Luxemburg Winter 2019 schedule, which will be launched shortly.

airBaltic to Phase Out its Boeing 737 Fleet in 2019Latvian airline airBaltic plans to end its Boeing 737 fleet operations in autumn 2019, one year ahead of the original plan. The airline aims to minimise complexity and benefit from the additional efficiency of the Airbus A220-300 aircraft which will be the only jet type operated by airBaltic.

Martin Gauss, Chief Executive Officer of airBaltic: “Airbus A220-300 is the aircraft of our future and, by phasing out the Boeing 737, we will have the youngest jet fleet in Europe. The introduction of Airbus A220-300 has been very successful and provided the additional efficiency any airline is seeking in the highly competitive aviation market. Thanks to the good overall performance we took a decision to introduce a single type fleet of up to 80 (50 firm order and 30 options) Airbus A220-300 aircraft by 2022.”

So far airBaltic has received 14 of its Airbus A220-300 orders and eight new aircraft will join this year. In late 2018, airBaltic phased out three of its Boeing 737-500 aircraft. Currently the airline still operates six Boeing 737-300 and two Boeing 737-500 jets.

Finance NewsNorwegian increases rights issue Norwegian increased the shares available in its existing rights issue by 90,871,318 new shares worth NOK 9.087 million at a proposed subscription price of NOK 33.00 per offer share, which represents a discount of approximately 39.4% to previous offer price. The new shares are from Norwegian chairman Bjorn Halvor Kise and chief executive, Bjorn Kjos. The size of the new share offering and its heavy discount has been highlighted as demonstrating the scale of the problems facing the airline. The rights issue should result in gross proceeds to the company of approximately NOK 3 billion. Norwegian’s total equity value is NOK 4.27bn ($496m).

DNB Markets is acting as sole global coordinator and joint bookrunner for the rights issue. Arctic Securities and Danske Bank, Norwegian Branch are acting as joint bookrunners. Advokatfirmaet Simonsen Vogt Wiig is acting as legal counsel to Norwegian. Advokatfirmaet Wiersholm is acting as legal counsel to the managers.

Maintenance NewsAES Global extends presence to IrelandAerospace Engineering Solutions (AES Global), a UK and EU aerospace design and certification organisation, has extended its operations and has opened an engineering design office in Shannon, Ireland.

To enhance this expansion, AES Global has gained EASA Part 21 approval for its Irish base, introducing DOA AES Global, trading under Aerospace Engineering Solutions.

Eamonn McAuley, Director of Engineering in Ireland for Aerospace Engineering Solutions said: “I am extremely excited to be leading the Irish expansion of a well-established, yet dynamic and growing brand and I look forward to bringing my expertise and vision for growth to the company. The move to Ireland and particularly the Shannon zone, is testament to AES Global’s well established Irish customer base and also brings to the area enhanced Part 21 experience backed up by quality and reliability.”

Technology NewsMTU Aero Engines reports full year results MTU Aero Engines has posted a 17% increase in revenue to €4,567.1 million. The group’s operating profit  reached a new record level of €671.4 million. Net income  grew by 18 % to € 479.1 million.

“MTU Aero Engines AG continued to drive profitable growth in 2018. By not only achieving our target figures, but even slightly surpassing them, we reliably met our commitments to the capital market,” said Reiner Winkler, CEO of MTU Aero Engines.

MTU revised its earnings forecasts upwards twice in the course of the year, for the second time in October, targeting revenues of around €4.4 billion in 2018. The earnings forecasts were for an EBIT adjusted of approximately €660 million and net income adjusted of approximately €470 million in 2018. “We successfully strengthened our already good market position in both of our operating segments – OEM and MRO – in 2018, thus establishing a basis for future growth. In 2019, we are aiming at new record figures,” said Winkler.

MTU expects to generate revenues of around € 4.7 billion in 2019. “All business units are geared for growth,” added CFO Peter Kameritsch.

In 2019, the commercial series production business looks set to become the fastest growing segment with an organic revenue increase in the low teens. Revenue growth in the mid- to high-single-digit percentage range is projected for the spare parts business in 2019, while revenues in the military engine business are expected to grow by 10 %. MTU’s revenue forecast for its commercial maintenance business is for an organic growth rate in the high-single-digit percentage range. MTU expects its EBIT margin adjusted to reach around 15.5 % in 2019. Operating profit and net income adjusted are expected to increase in equal measure.

In the financial year 2018, revenues increased in both the commercial engine business and the commercial maintenance business.

Revenues in the commercial engine business grew by 24 % to €1,602.8 million. The major part of these revenues was attributable to the V2500 engine for the classic A320 family as well as the PW1100G-JM for the A320neo and the GEnx engine that powers the Boeing 787 and 747-8.

In the commercial maintenance business, revenues rose by 23% from € 2,285.3 million to € 2,799.8 million. This growth was driven by the V2500 engine and the CF34 family of regional and business jet engines.

Revenues in the military engine business decreased by 3 % from € 444.9 million to € 431.3 million. The main source of these revenues was the EJ200 Eurofighter engine. “In the military engine business we see potential above all in an engine for a next-generation European fighter jet. MTU is preparing intensively for a participation in the new engine program,” added Winkler.

At €17.6 billion, MTU’s order backlog in 2018 was 18 % higher than the previous year’s level of €15.0 billion. “This, too, sets a new record. In purely mathematical terms, this translates into a capacity utilisation of roughly four years, once again underscoring MTU’s excellent prospects,” commented Kameritsch.

The increase in earnings in the financial year 2018 was mainly attributable to the significant growth in EBIT adjusted in the commercial maintenance business of 23 % to €239.7 million compared to €194.4 million in 2017. The EBIT margin stood at 8.6 % compared with 8.5 % in the previous year. “To enable us to continue to participate in the growth of the MRO market moving forward, we are continuously optimizing our product and services portfolio and significantly expanding our capacities – for example with EME Aero, our 50:50 joint venture with Lufthansa Technik and the world’s largest and most advanced MRO shop for Geared Turbofan engines,” added Winkler.

Earnings in the OEM segment grew by 14 % to €431.4 million (2017: € 378.1 million). “Thus, despite almost doubling the number of GTF deliveries in partnership with Pratt & Whitney in 2018, the margin remained at a high level,” said Winkler. The EBIT margin adjusted for the OEM segment came to 21.2 % in 2018 compared with 21.8 % in 2017.

MTU Aero Engine has proposed a dividend of €2.85 per share for the financial year 2018.

FlightGlobal rebranded as CiriumCirium is the new name for the data and analytics company previously known as FlightGlobal.

Cirium’s portfolio comprises: Cirium Solutions, Cirium Professional Services (the Ascend by Cirium services for aircraft valuations, market commentaries, ratings, forecasts and advisory), and FlightGlobal, which includes publications, including, Flight International and Airline Business.

“Keeping the world moving is our day-to-day mission,” says Christopher Flook, CEO of Cirium. “In 1909 we were the first to record the earliest days of flight and now in 2019, as Cirium, we are uniquely positioned to reshape the wider travel industry with our data intelligence solutions.”

The group grew its portfolio significantly through the acquisition of data intelligence companies, including Ascend, Innovata, Diio and FlightStats. Cirium employs a team of over 400 technologists, analysts, data scientists and market experts in the UK, US, Europe, India and Asia-Pacific.

Regulatory NewsERA urges for action in light of continued Brexit uncertaintyERA (European Regions Airline Association) is continuing to call for a wide-reaching reciprocal aviation agreement between the EU and the UK to prevent further serious harm to European connectivity.

ERA has urged the European Commission and UK Department of Transport to finalise the forthcoming aviation plans for Brexit as a matter of urgency.

Following the recent collapse of ERA member flybmi, ERA has written to the European Commission and UK Department of Transport urging them to act now. The challenges caused by Brexit are unsurmountable and as this shows, airlines have not had time to prepare, plan and react.

Montserrat Barriga, ERA Director General, previously wrote to the European Commission on 29 November calling for urgent action in advance of the UK leaving the European Union and has once again written to persuade them to take immediate action.

The disastrous consequences for the aviation industry, both in the UK and the rest of Europe, will be significant and ERA believes this current airline failure is only the beginning if we do not resolve the uncertainty surrounding the Brexit agreement.

Barriga said: “I was deeply saddened to learn that ERA member British Midland Regional Limited, which operated as flybmi, had filed for administration on 16 February. Rising fuel and carbon costs coupled with the uncertainty, unfairness and challenges surrounding Brexit has led to the airline ceasing all operations.

“I will once again be in direct contact with the European Commission and the UK Department of Transport, as a matter of urgency, to persuade them to act immediately. It is imperative that they put in place a comprehensive agreement for aviation that mirrors the current situation with the UK as the highest priority, and that they reach a solution that will allow airlines to continue operating as they do today, enabling Europeans to continue benefiting from affordable and stress-free travel. This is a sad day for European aviation and a clear example of the impact of a too long uncertainty surrounding Brexit.”

People NewsCardiff Aviation appoints new Chief Executive OfficerCardiff Aviation has appointed Joachim Jones as Chief Executive Officer, responsible for managing the company’s MRO and training operations.

In what is a new position for Cardiff Aviation, Jones will focus on strengthening the company’s MRO and global line maintenance provision, as well as developing new investment opportunities to secure long-term business growth.

Jones, 45, joins Cardiff Aviation after two decades of high-level experience in major aviation corporations. As former CEO of GulfCap Group’s aviation division, he was responsible for investment programmes, airline turnarounds and business development. He has also held senior positions at other major airlines, including key account manager at Lufthansa Technik.

Bruce Dickinson, Chairman, Cardiff Aviation, says: “Joachim Jones is phenomenally experienced at developing major aviation businesses. I’m delighted to welcome him to the Board, as he’ll enable our team and facilities to truly reach the massive potential of both our sites at St Athan and Cardiff Airport.”

Jones says: “Cardiff Aviation has an eager, skilled and flexible team that can handle anything including C-checks on aircraft as large as a Boeing 767. That capability has already attracted major airlines, including TUI, into our hangars, who’ve been impressed by our standards. The UK has a shortage of MRO providers, so this is a very exciting time to grow a business with a great pedigree, and a very bright future.”

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Airline NewsSouth Africa airline to be split into three unitsChief Executive of South African Airways, Vuyani Jarana, has been reported in local media that the state-owned airline is to break into three business units as part of a restructuring plan – domestic, regional and international business units, each with their own management.

The airline is also reported to have secured a R3.5-billion loan and it is also seeking to extend repayment terms of existing debt.

“We appreciate the lenders are proceeding with caution, but they are satisfied with the progress… We will keep operations going on until the end of the current financial year,” said SAA spokesperson, Tlali Tlali.

Arkia to launch new routes to IndiaIsrael airline Arkia will introduce two new routes to India starting from September 28, from Tel Aviv.

The carrier confirmed the nonstop flight Goa and Kochi would use 220 seat planes  with a full on board service. With one-way duration of seven hours, Arkia will fly once a week to Goa on Tuesdays and twice a week to Kochi on Mondays and Fridays.

The route will run all year round except during the monsoon season in India.

Finance NewsNovus Aviation Capital completes $423m financing deal for four 777-300ERsNovus Aviation Capital has secured a limited recourse facility of $423 million with BNP Paribas and MUFG Bank to finance its order of four Boeing 777-300ERs (Extended Range).

The order, announced during the Farnborough Airshow in 2018, represents Novus’ first direct order with a manufacturer at a list price of $1.4bn. Scheduled for delivery in 2020, the four long-range wide-body twin-engine aircraft will be leased to a European carrier once operational.

Mounir Kuzbari, Managing Director at Novus Aviation Capital, said: “Completing this financing deal, with two of our key banking partners, further demonstrates Novus’ ambitious growth plans and our ability to raise long-term asset-based financing. This year marks Novus’ 25th anniversary and, as we have done from our very first day of operations, we continue to grow in what is a challenging and competitive sector. We have a strong pipeline with a diverse acquisition strategy and look forward to what the next 25 years brings us.”

Bertrand Dehouck, Head of Aviation for BNP Paribas, said: “BNP Paribas is thrilled to joint-lead on Novus’ behalf this long-term facility, financing its first ever direct order with a manufacturer. There are three key elements that make this deal significant: 1. It marks a substantial transformational phase for Novus Aviation Capital; 2. It helps Boeing secure a new direct customer; and 3. It supports the fleet expansion of a major European airline.”

Michel Dembinski, Head of Aviation for MUFG in EMEA, said: “Aviation is a sector where MUFG sees huge potential and we are committed to finding innovative solutions with key industry partners such as Novus in order to maximise the significant business opportunities that the sector offers.”

Technology News EL AL launches advanced Viasat in-flight Wi-Fi on transatlantic flights EL AL Israel Airlines has launched the Viasat in-flight Wi-Fi service on transatlantic flights. The in-flight Wi-Fi service will leverage the advanced ViaSat-2 satellite to bring high-speed internet to key EL AL routes flying to and from major North American destinations including: New York, Toronto, Los Angeles, Miami as well as San Francisco and Las Vegas, when flights to these destinations begin in May and June 2019 respectively.

EL AL CEO Gonen Usishkin commented, “We are well aware of our customers’ needs and interests in having an onboard reliable Wi-Fi system. We are proud to present the best in-flight Wi-Fi product—delivered by our partner Viasat—that will enable connectivity for our passengers flying from Israel to North American destinations. We have invested great efforts to provide our customers on these routes with the most advanced, innovative Wi-Fi system in the aviation world.”

Viasat chairman and CEO Mark Dankberg added, “We’ve had a long and successful partnership with the team at EL AL. Looking back at the start of our partnership, EL AL selected Viasat because they had confidence in our ability to make their vision for in-flight connectivity a reality—from optimizing passenger satisfaction with great in-flight Wi-Fi experiences to ensuring passengers could enjoy enriching entertainment when flying over the Atlantic Ocean. We’re proud to be able to help EL AL realize their vision for the connected aircraft.”

The Viasat in-flight Wi-Fi service is available on the airlines’ eight new Boeing 787 Dreamliners, eight Boeing 737-900 aircraft and two Boeing 737-800 aircraft.

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Airline News Alaska Airlines begins daily nonstop service to El Paso from Seattle and San DiegoAlaska Airlines has launched daily nonstop service between Seattle-Tacoma International Airport and El Paso International Airport, along with daily nonstop service between El Paso and San Diego International Airport.

El Paso is a new destination for Alaska, and becomes the 90th nonstop destination served from the airline’s largest hub in Seattle. El Paso also becomes the 31st nonstop destination served from San Diego.

“We’ve considered adding El Paso as a new destination for some time,” said Nicholas Haan, director of network planning at Alaska. “We’re very pleased to be able to connect two of our West Coast gateway cities – Seattle and San Diego – to such a vibrant Texas city, and further share our low fares and great customer service we’re known for.”

Finance News Aviation Capital Group finances one 747-8F for AirBridgeCargoAviation Capital Group (ACG) has structured, arranged, and provided a guarantee of a loan by MUFG Bank to finance a portion of the purchase price of one Boeing 747-8F aircraft delivered to AirBridgeCargo (ABC) Airlines.

The ABC financing utilised ACG’s Aircraft Financing Solutions (AFS) program. The AFS program complements ACG’s operating lease business by providing customers with cost effective aircraft financing solutions. Among operating lessors, ACG believes that it has created a unique aircraft financing program.

“ACG is extremely pleased to have had this opportunity to work with ABC and MUFG. Not only is this the first aircraft transaction funded under the AFS program, but ACG was awarded the financing mandate less than two months ago. Together with the cooperation and hard work of ABC and MUFG, who also provided critical input on structuring the loan, the AFS team was able to successfully structure and arrange this financing in a very compressed time period,” said Bob Roy, managing director of ACG.

“MUFG is very pleased to support ACG for the launch of this important initiative and to assist AirBridgeCargo with the financing of a B747-8F added in their fleet. MUFG is very proud to have assisted ACG in the structuring of this innovative new product and to continue the long relationship between our two institutions,” said Olivier Trauchessec, Head of Transportation Finance-Americas at MUFG.

“ABC is honoured to be the first customer of ACG’s new AFS program which allowed us to further diversify our funding and approach it in the most effective way. We appreciate the execution capabilities of the parties involved and look forward to further cooperation. The additional aircraft into ABC’s fleet will bolster its network in line with customers’ expectations and will facilitate ABC’s further growth and development,” said Tatyana Arslanova, Vice President, Strategic Management of Volga-Dnepr Group.

Air Canada reports 2018 Annual ResultsAir Canada has reported full year 2018 EBITDAR of $2.851 billion compared to full year 2017 record EBITDAR of $2.928 billion. Air Canada reported an EBITDAR margin of 15.8 per cent, in line with its projections. The carrier reported 2018 operating income of $1.174 billion compared to 2017 operating income of $1.371 billion. The decrease of $1.862 billion in net income year-over-year is mainly due to an increase in net tax expense of $981 million, unfavourable foreign exchange results of $437 million and Air Canada having a recorded a loss on disposal of assets of $188 million in 2018.

“I am very pleased with Air Canada’s solid fourth quarter results with record EBITDAR of $543 million, and operating income of $122 million.  These quarterly results showed an improvement over last year’s fourth quarter on many fronts – including passenger revenues, traffic and yield – and complete a strong fiscal year.  Moreover, they demonstrate the resiliency of our business model and affirm that Air Canada has positioned itself for long-term, sustainable profitability. During the year, we successfully managed many challenges, including intensifying competition and a volatile fuel price environment which resulted in approximately $1 billion in additional costs or 30 per cent more than 2017,” said Calin Rovinescu, President and Chief Executive of Air Canada.

In 2018, on capacity growth of 7.1 per cent, record system passenger revenues of $16.223 billion increased $1.63 billion or 11.2 per cent from 2017.  The increase in system passenger revenues was driven by traffic growth of 8.5 per cent and a yield increase of 2.5 per cent.  An increase in average stage length of 2.1 per cent had the effect of reducing system yield by 1.2 percentage points. On a stage-length adjusted basis, system yield increased 3.7 per cent year-over-year.

In the business cabin, system passenger revenues increased $376 million or 13.2 per cent from 2017 on traffic and yield growth of 9.4 per cent and 3.5 per cent, respectively.

In 2018, operating expenses of $16.891 billion increased $2.01 billion or 14 per cent from 2017, mainly driven by higher fuel prices year-over-year and by the increase in capacity.

Air Canada’s cost per available seat mile (CASM) increased 6.0 per cent from 2017.  The airline’s adjusted CASM increased 0.3 per cent from 2017, in line with the range of no increase to an increase of 0.75 per cent projected in Air Canada’s October 31, 2018 news release.

Air Canada recorded adjusted net income of $677 million or $2.45 per diluted share in 2018 compared to adjusted net income of $1.145 billion or $4.11 per diluted share in 2017. In 2018, Air Canada recorded foreign exchange losses of $317 million and a loss on disposal of assets of $188 million.  In 2017, Air Canada recorded a deferred income tax recovery of $759 million and foreign exchange gains of $120 million.

Maintenance NewsHawaiian Airlines flight bound for Tokyo diverts to HonoluluA Hawaiian Airlines A330 bound for Tokyo’s Haneda Airport diverted to Honolulu on Sunday after the crew received a fault indication. Flight 851 with passengers on board landed safely where another aircraft was being deployed to continue the trip.

RegulatoryAir Canada to implement recently increased foreign ownership levelsAir Canada will seek shareholder approval at its 2019 annual and special meeting of shareholders to amend its articles of incorporation to increase the limits of foreign ownership and control of its voting shares to those permitted by amendments made to the Canada Transportation ACT (CTA) in 2018.  The amendments to its articles will be undertaken by way of a court supervised and shareholder approved statutory plan of arrangement.

Prior to the CTA amendments, no more than 25% of the voting interests of a Canadian air carrier could be owned or controlled by non-Canadians. The Government of Canada’s stated purpose in implementing the CTA amendments is to attract more foreign investment and encourage growth in the aviation sector by increasing, from 25% to 49%, the permitted level of foreign ownership of Canadian air carriers.  At the same time, the CTA amendments introduced two new limitations on voting ownership and control, by capping the voting rights of single non-Canadians and of the aggregate of non-Canadian air carriers at 25%.

Completion of the plan of arrangement is subject to shareholder approval and approval of the Quebec Superior Court.

Technology NewsCopa Airlines Selects GE Aviation for Digital Records ManagementCopa Airlines has selected GE Aviation’s AirVault Digital Records Management System for its fleet of nearly 100 Boeing 737 and Embraer 190 aircraft. Integration is currently taking place with Copa Airlines cross-fleet maintenance management system. The system enables connectivity between the airline’s maintenance systems, with the capability of capturing the relevant data to connect with MRO’s and lessors.

“These new digital technologies will enable deeper integration of digital records management, so Copa Airlines can better manage their operations as their fleet continues to grow,” said John Mansfield, chief digital officer for GE Aviation. “The system provides a global storage service for digital document management connecting the airline’s internal maintenance operations and suppliers for improved operational efficiencies to meet the regulatory requirements of the aviation industry.”

The AirVault records management system is a mission-critical, cloud-based electronic document management system designed to manage the digital content and bi-directional processes of aircraft maintenance records for the world’s largest airlines. The system provides a comprehensive solution that digitizes, indexes and archives all airline record types.

“The implementation of AirVault digital records management is part of the global digital transformation at Copa Airlines,” said Pablo Rousselin, senior manager, Projects, MRO Systems with Copa Airlines. “AirVault is the solution that best met our requirements. The system helps make our team’s daily operations significantly more efficient.”

Pratt & Whitney delivers GTF PW1900G engines for E195-E2 ProgramPratt & Whitney and Embraer have celebrated delivery of the GTF PW1900G production engines for the E195-E2 aircraft at Embraer’s E2 final assembly line in São José dos Campos, São Paulo, Brazil. The E195-E2 is expected to enter into service in the second half of 2019 with Azul Brazilian Airlines.

“We are excited to receive the GTF production engines for the initial serial production of the E195-E2, as we know firsthand the advantages that these engines provide to our customers and the environment,” said Fernando Antonio Oliveira, Embraer’s E2 Program Director.

Embraer’s E190-E2 aircraft, which is also powered by the Pratt & Whitney PW1900G engine, entered service in April 2018 with Widerøe, followed by Air Astana in December 2018.

“Delivering the first production engines for the E195-E2 is an important milestone for the program,” said Graham Webb, vice president of Commercial Engine Programs at Pratt & Whitney. “We look forward to continuing to work together to support Embraer’s second GTF-powered E2 aircraft model.”

In addition to being selected as the exclusive propulsion system for the E2 commercial aircraft, Pratt & Whitney’s APS2600E auxiliary power unit (APU) is the sole-sourced APU for the E2 family. The APS2600E APU gives airlines greater flexibility, by increasing the altitude ceiling for ETOPS and other operations, and providing a significant increase in electrical power delivery to meet the needs of today’s airlines.

GE Aviation adds new network operations contractsGE Aviation has announced digital Network Operations agreements with customers including AirAsia and additional undisclosed airlines. Implementation of Network Operations will take place this year for the airlines.

“Network Operations delivers powerful software applications that collect and analyse data streams in real time across multiple systems,” said John Mansfield, chief digital officer for GE Aviation. “This helps airlines recover from disruptions faster and more efficiently than ever and enables them to recoup substantial costs in the process.”

AirAsia signs a five-year contract for Network Operations Insights to provide a single view of disruption impacts on AirAsia’s entire multi-hub network which carries close to 90 million passengers per year. This includes a Data Science project to help analyse the flight schedule and give insights into the delay cause of disruption. This opportunity further emphasizes AirAsia’s continued trust in our products and services.

AirAsia Group Chief Operations Officer Captain Adrian Jenkins said, “The adoption of GE’s Network Operations Insights is instrumental to our ongoing business success, especially as AirAsia embarks on its mission to digitize every aspect of its business. This solution will help us to identify disruptions across our network and reduce risk through real-time data forecasting. It will ultimately improve our operational efficiency.”

This new engagement further expands AirAsia’s existing digital relationship with GE which already includes electronic Flight Operations Quality Assurance (eFOQA) and the FlightPulse pilot application for AirAsia’s fleet of approximately 255 A320 and A330 aircraft and 3,200 pilots.

“The power of Network Operations provides customers with real-time disruption management and operational efficiency, through operations insights, recovery optimization and passenger protection, to minimize the impact of delays and cancellations,” added Mansfield.

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Airline NewsSIA to operate A350 services from BengaluruSingapore Airlines (SIA) will use its A350 aircraft on the Bengaluru-Singapore route for its night flights from May 18. It will be the first airline to start A350 services from the Bengaluru International Airport.

The airline said flight number SQ504, which departs from Singapore at 10.20 pm (local time) to Karnataka’s capital on Friday, Saturday and Sunday, will be using A350 aircraft.

It added that its flight number SQ505, which departs from Bengaluru at 1.20 am (local time) to Singapore on Saturday, Sunday and Monday, will be using the aircraft.

Other flights of the airline on the Bengaluru-Singapore route would continue to use other aircraft.

“The A350-900 features higher ceilings, larger windows, an extra-wide body delivering more space and comfort as well as lighting designed to reduce jetlag,” the airline said in a statement.

“Fitted with the new regional business class and economy class cabin products, the A350-900 medium-haul business class cabin has 40 seats in a ‘1-2-1’ arrangement that ensures direct aisle access for every customer, while the economy class cabin has 263 seats arranged in a comfortable ‘3-3-3’ configuration,” it said.

Regulatory NewsFAA Announces Aviation Safety Rating for VietnamThe US Department of Transportation’s (DOT) Federal Aviation Administration (FAA) announced that Vietnam complies with international safety standards and has been granted a Category 1 rating under the agency’s International Aviation Safety Assessment (IASA) program.

A Category 1 rating means Vietnam’s civil aviation authority meets International Civil Aviation Organization (ICAO) standards for personnel licensing, operations, and airworthiness. With the Category 1 rating, Vietnamese air carriers that are able to secure the requisite FAA and DOT authority can establish service to the United States and carry the code of U.S. carriers.

The FAA had not previously assessed Vietnam’s civil aviation authority for compliance with ICAO standards. The Category 1 status announced today is based on an August 2018 FAA assessment of the safety oversight provided by the Civil Aviation Administration of Vietnam.