29 Nov 2021

North American Newsletter 29 November

Air Canada Exits Government of Canada Financial Support  Air Canada announced that due to its improved liquidity position it has decided to exit further Government of Canada financial support. The carrier has only accessed the facility solely dedicated to refunding customers' non-refundable tickets, due travel restrictions. Air Canada CEO & President Michael Rousseau said "Air Canada's recovery from COVID-19 continues. We are recalling employees, adding new routes and frequencies to our network, and restoring services, and, last quarter, we completed a $7.1-billion financing. Today, in another convincing sign of our progress, we are announcing our withdrawal from the major funding provisions of our support agreement with the Government of Canada for the $3.975 billion in facilities that were never accessed and remain unused." Air Lease Corporation (ALC) adds Airbus A350Fs to order book  Air Lease Corporation announced an new Airbus contract adding 25 A220-300s, 55 A321neos, 20 A321XLRs, four A330-990neos, and seven A350F freighters to its order book. ALC Executive CEO & Chairman Steven Udvar-Hazy stated "ALC was the launch customer for the very popular A321LR and XLR versions. Now, we become the launch lessor for the A350F and by far the largest lessor customer for the A220. We had the vision to be first adopters of the A321 and are convinced we have made the right choice again on the A220 and A350F, responding to what we see the market will need in the period of recovery ahead." Bombardier Opens New Line Maintenance Station  Bombardier has announced the launch new a line maintenance stations at Al Maktoum International Airport in Dubai South for its product line. The new station is part of Bombardier’s investment in the aftermarket business in the Middle East, where it sees “significant future growth opportunities.” Canada Jetlines and Lufthansa Technik Sign Repair and Pool Support Contract Canada Jetlines has signed a long-term 'Component and Expendable Parts' agreement with Lufthansa Technik AG for its Airbus A320 fleet. The new agreement covering extensive component services as it expands its fleet and network in the years ahead. EFW launches US P2F conversion line EFW has launched its  first Airbus A321-200 passenger to freighter (P2F) conversion in the United States in San Antonio, Texas VT San Antonio Aerospace . The first A321P2F will be re-delivered to customer GTLK Europe will be operated by SmartLynx with entry into service (EIS) of this A321P2F in summer 2022. Emirates Orders Two Boeing 777 Freighters Emirates Airline announced a new order for two Boeing  777 freighter to operated by in-house  SkyCargo division.   Acumen Aviation © 29 November 2021 All Rights Reserved.