22 Oct 2018

USA Aviation Industry Newsletter 22 October

Air Lease Corporation Announces Second Placement of Airbus A320-200neo with Atlantic Airways Air Lease Corporation announced a long term lease agreement for one Airbus A320-200neo with Atlantic Airways, the national airline of the Faroe Islands. This A320-200neo is the second of two A320neo aircraft leased to Atlantic Airways and will deliver in April 2020 from ALC’s order book with Airbus. American Appoints New Officer to Finance Team American Airlines announced the promotion of Greg Schwendinger to Vice President of Financial Planning and Analysis. Schwendinger replaces Heather Garboden, who will leave the company in November. He will report to Kenji Hashimoto, Senior Vice President of Finance and Corporate Development. In this role he will be responsible for the airline’s capital and operating budget, long-range financial planning and forecasting systems. He will also have oversight of the airline’s Labor Analysis, Financial Analysis and Fleet Planning teams. American Airlines, Los Angeles World Airports Break Ground on $1.6 Billion Reimagining of Terminals 4 and 5 American Airlines and Los Angeles World Airports (LAWA) officially broke ground 17 October on a $1.6 billion modernization project to fully reimagine Los Angeles International Airport (LAX) Terminals 4 and 5. The project marks American’s largest individual investment at an airport in its 92-year history and reaffirms the airline’s commitment to Los Angeles. Boeing Delivers First 787-9 Dreamliner to Juneyao Airlines Boeing delivered the first 787-9 Dreamliner for Shanghai-based Juneyao Airlines. The new, super-efficient Dreamliner will also be the first widebody commercial jet operated by a privately-held Chinese airline. In introducing the 787, the carrier is looking to expand its international network and increase flights to Southeast Asia, Japan and Korea. Boeing Delivers Russia’s First 737 Max 8 The latest delivery of a Boeing 737 Max makes Globus Airlines the first Russian operator of the model, as launch customer S7 Airlines prepares to supplement its partners’ fleet of 19 Boeing 737NGs with 11 of the CFM Leap-1B-powered narrowbodies. S7 took delivery from Los Angeles-based lessor Air Lease, which has committed to leasing nine Max 8s to the Siberian carrier. Delta Extends Airbus Skywise Contract To Cover 400 Airliners Airbus added some 400 airplanes to the ranks of a worldwide fleet of airliners now benefitting from its Skywise predictive maintenance service as Delta Air Lines entered into a multi-year contract to expand its use of the tool to include all of its A320s and A330s. The so-called open-data platform tracks and analyzes operations and performance data and assesses failure probabilities to anticipate maintenance tasks. Embraer and Trans States Airlines Sign Parts Support Contract for ERJ-145s Embraer and Trans States Airlines announced 18 October at MRO Europe that they have signed a contract to implement the Embraer Collaborative Inventory Planning (ECIP) program, a supply chain solution for expendable parts. Under the agreement, Embraer will assume the planning and guaranteed replenishment of a portion of Trans States Airlines’ spare parts stock for its fleet of ERJ-145 aircraft. GA Telesis Provides Innovative Inventory Operating Lease to Support LATAM 777-300ER Long-term Operations GA Telesis, LLC announced 17 October the closing of a large inventory lease comprised of rotable spare parts for LATAM Airlines in support of its 777-300ER operations. NetJets Confirms Global 7500 Delivery Schedule NetJets has confirmed the schedule for its Bombardier Global 7500 deliveries, set to begin in 2021. The fractional-ownership pioneer also converted options on five Challenger 350s and one Global 6000 to firm orders, with deliveries to start next year. The value of the conversions, based on 2018 prices, is $195 million. NetJets currently operates 120 Bombardier aircraft. Spirit Airlines has Appointed Scott M. Haralson as Chief Financial Officer Spirit Airlines announced 17 October that its board of directors has promoted Scott M. Haralson to the position of Senior Vice President and Chief Financial Officer (CFO) effective October 16, 2018. Haralson has over 18 years of airline experience and most recently served as Spirit’s Vice President of Financial Planning and Analysis and Corporate Real Estate. Haralson succeeds Edward (Ted) Morgan Christie as CFO. Christie was promoted to President earlier this year and will become Spirit’s Chief Executive Officer on January 1, 2019, succeeding Bob Fornaro. Acumen Aviation © 22 October 2018 All Rights Reserved.