AeroGuard announces pilot training agreements with Korean partners

 AeroGuard Flight Training Center proudly announces that they have reached a new pilot training agreement with The Ministry of Land, Infrastructure, and Transport (MOLIT) of the Republic of Korea, Uljin Flight Academy of the Republic of Korea, Korean Aviation College (KAC), and Korea Aerospace University (KAU).

As international leaders in commercial pilot training, AeroGuard Flight Training Center was selected by MOLIT, KAC and KAU as their preferred US-based training partner due to its superior quality training, outstanding safety record, exceptional student experience, and extensive track record training international cadets from all over the world.

The newly signed agreement between AeroGuard Flight Training Center and its international partners from the Republic of Korea marks the renewal of an existing long-term partnership. The new Agreement will extend until 2024 and will see Korean cadets training at AeroGuard’s headquarters in Phoenix, Arizona, its new campus in Austin, Texas, and other flight school locations.

Over the course of the new agreement, AeroGuard will train hundreds of new Korean pilots, helping to meet the continuing increase in demand from commercial airlines. Boeing projects that nearly 800,000 new pilots will be needed worldwide within the next 18 years. The Asia-Pacific region will be at the forefront of global demand requiring approximately 261,000 newly trained pilots.

AeroGuard CEO, Joel Davidson, spoke enthusiastically about the new training agreement,

“AeroGuard is thrilled to sign a long-term agreement to partner with MOLIT, KAU, and KAC to train Korean pilots in the US AeroGuard has provided excellent quality training for Korean student pilots for many years, and we are thrilled to continue this great partnership.  The new agreement will provide an outstanding pilot training experience for all Korean students, and we look forward to a growing and prosperous partnership with MOLIT, Uljin Flight Academy, KAU and KAC for many years to come.

Through superior quality training, laser-focus on safety, and providing an optimal student experience, AeroGuard Flight Training Center is uniquely positioned to help meet the exponential demand for pilots, internationally and domestically.  

 

JetBlue Airways readies for new A220 entry-into-service with CAE

 CAE announced at the World Aviation Training Symposium the sale of two Airbus A220-300 CAE 7000XR Series full-flight simulators (FFSs) and two CAE 500XR flight-training devices (FTDs) to JetBlue Airways, which is preparing the entry-into-service of its new aircraft.

“We are pleased to extend our long-standing partnership with CAE,” said Steve Forte, Vice President JetBlue University. “These state-of-the-art training devices will help us develop industry leading training programs to ensure a smooth launch of the A220.”

“The Airbus A220 is a key component of JetBlue’s growth strategy and we are thrilled to be part of this airline’s journey,” said Nick Leontidis, CAE’s Group President Civil Aviation Training Solutions. “We have been partners with JetBlue for over 15 years, and the purchase of these new FFSs and FTDs is yet another testament to the value CAE brings to its airline partners.”

The two CAE 7000XR Series FFSs will be equipped with the innovative CAE Tropos™ 6000XR visual system. The first FFS and FTD will be delivered in the first half of 2020 at JetBlue University, located in Orlando, Florida.

With this addition, CAE has sold a total of eight A220 full-flight simulators to operators worldwide.

CAE and JetBlue Airways share a training relationship with the Gateway Select pilot-provisioning program. To date, more than 60 aspiring pilots have started training in the Gateway Select Program. CAE also holds an exclusive training center operations services agreement to support the airline’s growth at JetBlue’s University in Orlando.

 

Turkish Technic signs five-year extension agreement with Unison Industries

 Turkish Technic has signed a five-year extension on their Material Services Agreement with Unison Industries. The agreement extends through 2023 and covers both new Unison LRUs as well as external engine component repairs.

“We are very pleased to continue this relationship with our strategic partner, Turkish Technic, on this long-term agreement. It is a win-win for both our respective companies.”

Turkish Technic’s rapidly expanding capabilities in aircraft and engine MRO requires strategic partners that bring even more value to their portfolio of products and services. This agreement continues to demonstrate Unison’s ability to support Turkish Technic’s requirements for quality, technical excellence, delivery, and value.

As partners, Turkish Technic and Unison will leverage each other’s strengths in the areas of exchange programs, upgrades, and repairs. The shared goal is to reduce maintenance costs for Turkish Technic and their MRO customers. Unison Industries President, Tom Hoferer commented, “We are very pleased to continue this relationship with our strategic partner, Turkish Technic, on this long-term agreement. It is a win-win for both our respective companies.”

Turkish Technic is a wholly owned subsidiary of Turkish Airlines and performs MRO activities on various aircraft, engines and systems. Unison Industries is a wholly owned subsidiary of GE Aviation and is a global supplier to the aviation and energy industrial sectors for electronic/ignition components, power generation, fluid distribution, repair and systems integration.

 

Commercial MRO market to grow at 4.35% during the forecast period

 Global Commercial Aircraft Maintenance, Repair, and Overhaul (MRO) Market report presents an in-depth analysis of the major Commercial Aircraft Maintenance, Repair, and Overhaul (MRO) industry leading players along with the company profiles and strategies adopted by them. This enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. A separate section with Commercial Aircraft Maintenance, Repair, and Overhaul (MRO) industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information.

The commercial aircraft MRO market is estimated to register a CAGR of 4.35% during the forecast period, 2019 – 2024.

With the growing air traffic, carriers are more inclined toward maintaining the health of their current fleet, going for new aircraft only if they have no other option, since the cost of buying a new aircraft is considerably higher than the cost for the maintenance of the current fleet. Different airports have introduced improvement processes to enhance efficiency, and several are using new technological systems to gain additional upgrades and prepare for the bigger data requirements of next-generation aircraft, and this shall lead to the growth of the market in the near future.

Governments have started various initiatives to encourage airports to support MRO as a strategic activity. Various holistic approaches are now being undertaken by the governments to ensure that adequate space is mandatorily allocated at various airports within the country for MRO, and this shall lead to an enhancement in terms of commercial aircraft MRO in the years to come.

Scope of the Report

Aircraft MRO refers to overhaul, inspection, repair, or modification of an aircraft or its component. The market study covers the MRO services only for commercial aircraft, not for military and general aviation aircraft.

Currently, the field maintenance segment has the highest share out of all the segments. Field maintenance has to deal with very different tasks. These operations are performed simultaneously to lower the ground time, to increase aircraft productivity. Thus, management strongly emphasizes the time-efficiency of ground operations delivered either by themselves, the independent companies, or the airport authority. The time efficiency makes the task even tighter for field maintenance staff, and their efficiency depends on technically advanced equipment, information support systems, and coordination of staff. Thus, the focus is currently on this segment, which is the reason for its expected high CAGR.

At present, Asia-Pacific is generating the highest revenue in the commercial aircraft MRO market. Singapore dominates the MRO market in Asia. In the recent years, several other Asian countries have also increased their investment in MRO facilities, trying to replicate the success of Singapore and Hong Kong in this sector. Low-cost carrier, to some extent, has changed the face of civil aviation in Asia. In tandem with the rise, the market for aircraft maintenance is also changing, as companies in countries like Indonesia and Thailand are also entering the market to challenge the dominance of established Singaporean players. Government policy also plays a key role, and the Singaporean government has been very forward-looking in supporting the aerospace industry. With the growing frequency of flights to and from the Asian countries, the demand for MRO centers is expected to rise in this region in the coming years. Moreover, due to the huge potential of the Asia-Pacific aviation market, several global players are establishing new centers in the region to cater to the growing demand.

The commercial aircraft MRO market is highly fragmented, with only a handful of players controlling the market. TAP M&E is currently the largest player in the market, followed by Pratt & Whitney, Lufthansa Technik, ST Aerospace, and Rockwell Collins. The MRO operation per aircraft is expected to decrease in frequency compared to older aircraft, due to improvement in technology and advancement in the engine and structural design of aircraft. The long aircraft order backlog will force older aircraft to run longer shifts and as population rises, globally, the active aircraft fleet will find it difficult to cater to the required capacity demand. Commercial airline MRO is expected to be active during the forecast period, as airlines compete to bring in more passengers and provide better facilities inside the aircraft cabin. Joint ventures between the players can help the companies strengthen their market presence.

 

FAI Technik achieves FAA approval for EASA MRO license

 FAI Technik GmbH, announces that it has now received FAA approval for its EASA Part 145 license. With the certificate in place, the company is fully authorized to perform maintenance; repair and overhaul on US registered business aviation aircraft at its Albrecht Duerer Airport headquarters in Nuremberg. This latest license follows similar approvals from the Nigerian authorities in October 2018 and from the Cayman Islands and Bermuda in 2017.

Siegfried Axtmann, Founder and Chairman of the FAI Aviation Group, comments: “This latest approval from the FAA is yet another milestone for FAI Technik as it continues to see growing demand. We look forward to serving some of the many US-registered aircraft operating in Europe and on the African Continent as we continue to extend our remit and capabilities and deliver excellent results for our customers.”

Last month, FAI Technik started work on its sixth in-house Global Express cabin refurbishment which marked one of the most extensive refurbishment projects for the type.  Named ‘Project Pearl’, the Bombardier BD700 will include 60, 120- and 240-month inspections and feature Collins Aerospace’s latest VenueTM cabin management system and high definition entertainment system.

FAI Technik provides MRO services for Bombardier Learjet, Challenger and Global Express aircraft, including the FAI rent-a-jet AG operated fleet. It also supports FAI´s dedicated fleet of air ambulance jets. Some 60 full time staff supports the division.

New Defense report sheds light on how China organizes its information warfare enterprise

 The Department of Defense’s annual report on China’s military and security developments provides new details about how China’s military organizes its information warfare enterprise, an area that has been of particular interest to US military leaders.

In 2015, the People’s Liberation Army created the Strategic Support Force, which centralizes space, cyber, electronic warfare and psychological warfare missions under a single organization. The Chinese have taken the view, according to the DoD and other outside national security experts, that information dominance is key to winning conflicts. This could be done by denying or disrupting the use of communications equipment of its competitors.

The 2019 edition of report, released in May, expands on last year’s version and outlines the Chinese Network Systems Department, one of two deputy theater command level departments within the Strategic Support Force responsible for information operations.

“The SSF Network Systems Department is responsible for information warfare with a mission set that includes cyberwarfare, technical reconnaissance, electronic warfare, and psychological warfare,” the report read. “By placing these missions under the same organizational umbrella, China seeks to remedy the operational coordination challenges that hindered information sharing under the pre-reform organizational structure.”

A new report released by the Defense Intelligence Agency explains why the Chinese military could target command and control systems before any conflict begins.

As described in previous Pentagon assessments, Chinese military leaders hope to use these so-called non-kinetic weapons in concert with kinetic weapons to push adversaries farther away from its shores and assets.

“In addition to strike, air and missile defense, anti-surface, and anti-submarine capabilities improvements, China is focusing on information, cyber, and space and counterspace operations,” the report said of China’s anti-access/area denial efforts. This concept aims to keep enemies at bay by extending defenses through long range missiles and advanced detection measures, which in turn make it difficult for enemies to penetrate territorial zones.

This year’s report includes two subtle changes from last year’s edition regarding China’s cyber activities directed at the Department of Defense.

While last year’s report documents China’s continued targeting of US diplomatic, economic, academic, and defense industrial base sectors to support intelligence collection, the latest edition points out that China’s exfiltration of sensitive military information from the defense industrial base could allow it to gain a military advantage.

In recent years, China has been accused of leading major hacks on defense contractors and the U.S. Navy, leading an internal review by the Navy to assert that both groups are "under cyber siege,” according to the Wall Street Journal.

Additionally, this year’s report points out that taken together, the cyber-enabled campaigns threatened to erode military advantages, a trope often heralded by top leaders.

New strategies and approaches from the US military seek to be more assertive in the defense of US interests from such cyber probes.

 

US State Department clears FMS sale to Bahrain

 The State Department has cleared a possible Foreign Military Sale (FMS) of the Raytheon-made Patriot air-and-missile defense system to Bahrain worth an estimated price tag of $2.5 billion.

Bahrain would be a new Patriot customer, joining the ranks of 16 countries to include the United States.

The deal would include 60 Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missiles, 36 Patriot MIM-104E Guidance Enhanced Missiles (GEM-T) missiles with canisters, nine M903 launchers, two AN/MPQ-65 radar sets, control stations and other associated equipment.

Recent new customers include Poland, Romania and Sweden. Other Middle Eastern customers are Saudi Arabia, Kuwait, United Arab Emirates and Qatar.

The State Department also approved a possible FMS to the UAE for 452 PAC-3 MSE missiles and related equipment for approximately $2.7 billion in a separate posting.

Raytheon has seen a relative windfall in new Patriot customers over the past couple of years totaling roughly $18 billion, but all of those new customers have been European, responding to Russian aggression in the region.

 

Rocket Lab launches three military satellites

 A Rocket Lab Electron rocket successfully launched three-technology demonstration satellites for the Defense Department as part of an effort by the military to demonstrate responsive launch.

The Electron rocket lifted off from Rocket Lab’s launch site on the Mahia Peninsula of New Zealand’s North Island. The launch was delayed a day in order to perform additional checks of the vehicle’s payload of three satellites. Those satellites were released by the rocket’s kick stage nearly 55 minutes after liftoff.

“Perfect flight, complete mission success, all payloads deployed!!” Peter Beck, chief executive of Rocket Lab, tweeted shortly after payload deployment.

The rocket was flying a mission for the Defense Department’s Space Test Program called STP-27RD, in cooperation with the Defense Innovation Unit. The three satellites had a combined mass of 180 kilograms, the heaviest payload launched by an Electron to date. The company said that conservative margins for earlier missions, as well as launching to a lower inclination, enabled the heavier payload.

The largest of the three satellites is Harbinger, a 150-kilogram satellite built by York Space Systems for the U.S. Army Space and Missile Defense Command. The spacecraft will demonstrate synthetic aperture radar imaging capability and high-bandwidth downlink capabilities in a small satellite. The satellite is the first one built by York, a Denver-based smallsat manufacturer, to reach orbit.

Also on the launch is Space Plug and Play Architecture Research CubeSat-1 (SPARC-1), a six-unit cubesat sponsored by the Air Force Research Laboratory in cooperation with the Swedish military to test modular spacecraft avionics. The third satellite is the Air Force Academy’s Falcon Orbital Debris Experiment (Falcon ODE), a one-unit cubesat that will release two stainless steel ball bearings that will serve as calibrated radar and optical targets for ground-based space situational awareness sensors.

The launch is the first for the Air Force’s Rapid Agile Launch Initiative (RALI) program, an effort to make use of commercial launch providers and rapid procurement to provide faster access to orbit for military payloads. Air Force officials said last month they are planning to launch 21 payloads on five missions this calendar year through RALI, including the STP-27RD flight as well as a launch later this year by Virgin Orbit’s LauncherOne.

The STP-27RD launch, nicknamed “That’s a Funny Looking Cactus,” was the second Electron mission this year and the sixth overall for Rocket Lab. Beck said in an interview last month that the company is planning to move into a monthly cadence of launches for the rest of this year, including demonstrating the ability to perform launches two weeks apart by the end of the year. He added that the company’s 2019 manifest is full.

 

US Air Force deploys stealth fighters to the UAE

 The US Air Force has deployed F-35A Lightning II stealth fighters to the Middle East for the first time.

The jets arrived at Al Dhafra Air Base in Abu Dhabi in April and are ready to be sent on missions across the region.

The aircraft, which cost about $90 million (Dh330m) each, are undetectable by radar. The F-35s are equipped with advanced weapons systems, which mean they do not have to be pointing at its target. They also have the capability to launch electronic warfare attacks on enemies.

Advanced sensors allow the jets to “gather and distribute more information than any fighter in history”, according to its manufacturer.

Crews have been prepared and trained for deployment in the area covered by US Central Command, which covers 20 nations, from northeast Africa across the Middle East to Central and South Asia, the US Air Force said.

The deployment represents a “natural evolution of increased US capability and firepower in the Gulf region”, said Danny Sebright, President of the US-UAE Business Council.

“This deployment means US forces are better positioned to carry out more nimble, precise and lethal missions at greater distances,” he said.

“Hopefully, the deployment to Al Dhafra in the UAE, a steadfast and reliable US coalition partner, also means that the US is making progress in its deliberations to eventually releasing the technology to our closest Arab partners.”

The total number of F-35As sent to the UAE from their base in Utah is being kept confidential for security reasons.

A variant of the F-35, the F-35B, has previously been deployed in the region, with aircraft under the control of the US Marine Corps carrying out the first American F-35 air strike in Afghanistan in September last year. The aircraft would go on to fly more than 100 combat sorties against ISIS and Taliban targets.

However, it is the first time US Air Force F-35As have been sent to the region. Previously, they have been deployed to the UK and Japan.

“We are adding a cutting-edge weapons system to our arsenal that significantly enhances the capability of the coalition,” said Lt Gen Joseph T Guastella, US Air Forces Central Command commander.

“The sensor fusion and survivability this aircraft provides to the joint force will enhance security and stability across the theatre and deter aggressors.

“We look forward to demonstrating the full range of the F-35A’s capabilities while it increases the interoperability of our forces throughout the region.”

The F-35s have been designed for multi-purpose use. They are able to fly surveillance and reconnaissance missions, as well as launching air-to-ground and air-to-air attacks.

The development of the aircraft by arms company Lockheed Martin has at times proved controversial due to the cost of the program and questions about effectiveness. Although the first flights were in 2006, it only became fully operational in 2015.

The US has 200 F-35s and hundreds more on order. Other nations that have bought, or plan to buy, the F-35 include Japan, South Korea, Australia, Singapore, Turkey, Italy, the UK and Israel.

 

Korean Air resumes flights to Seoul

Korean Air, the largest airline of South Korea, recently resumed scheduled service between St. Petersburg (Russia) and Seoul. In the IATA Summer Season 2019, the carrier operates flights between Incheon International Airport and Pulkovo International Airport with the frequency up to five times a week. The service will be provided until October 24, 2019.

In 2019, Korean Air celebrates its 50th anniversary. To congratulate the airline on this significant event Pulkovo Airport welcomed the aircraft from Seoul with a festive water arch on the ramp. Sweets and presents from the airport and airline awaited passengers of the inaugural flight in the check-in hall of Pulkovo.

Korean Air performs flights from St. Petersburg on comfortable Airbus A330 aircraft with three classes of service, accompanying a total of up to 272 passengers. All seats are equipped with AVOD entertainment system offering travellers hundreds of hours of media content, films, music albums, games, video from outdoor cameras, an interactive flight map, etc. In-flight meals include European and Korean cuisine, as well as drinks. More than 20 special options can be pre-ordered.

Passengers of the first class enjoy the flight in individual cocoons providing the maximum privacy. The prestige class cabin is equipped with fully lie-flat seats turning into comfortable beds; the step of chairs of economy class reaches 86 cm.

Korean Air is the only airline operating direct services from St. Petersburg to Seoul. In 2018, the direct traffic on the route grew by 5.3% YOY to 43.2 thousand passengers.

The airline operates scheduled flights to 124 cities in 44 countries worldwide. With the renewal of the Korean Air services to Pulkovo, passengers flying from St. Petersburg can enjoy convenient connections at Incheon Airport to continue their travel to a wide range of cities in Southeast Asia and Oceania. While waiting for a transfer flight passengers of Korean Air can join one of the free tours into Seoul, take a free shower or rest in the comfortable waiting area of the Incheon Airport. The air harbor has gardens, a concert hall, a museum of Korean culture, a library, as well as dozens of restaurants and Duty Free shops.

Korean Air is the largest carrier of South Korea and a member of the international SkyTeam alliance. The airline’s fleet includes 167 airplanes. Korean Air has won many prestigious industry awards, including Russian Business Travel & MICE Award, Mercury Award, Cellars in the Sky and Top Operational Excellence.

Pulkovo St. Petersburg Airport is the fourth airport in Russia in terms of passenger traffic. In Q1 2019, Pulkovo served 3.6 million passengers, which is 14.7% more than in the same period of 2018. In 2019, St. Petersburg airport, for the fourth year in a row, became the winner of the national ‘Air Gates of Russia’ award, according to the passengers’ votes. Since 2010, Northern Capital Gateway LLC has been the main operator of Pulkovo, implementing the airport reconstruction and development project under a public-private partnership agreement with the city of St. Petersburg.

 

S7 Airlines starts new flights from Pulkovo St. Pertersburg Airport

S7 Airlines recently launched four new scheduled flights from Pulkovo St. Petersburg Airport. The new destinations include Palma de Mallorca, Barcelona (Spain), Olbia (Italy), and Anapa (Russia). Spanish and Italian islands, Mallorca and Sardinia, previously had had no direct air connection to St. Petersburg and are new for the summer schedule of Pulkovo Airport.

S7 Airlines flights from the Northern capital of Russia are operated once a week to Palma de Mallorca, twice weekly to Barcelona and Olbia, thrice weekly to Anapa.

In the IATA Summer Season S7 Airlines will continue to expand its presence at Pulkovo. In May, the carrier will launch scheduled flights from St. Petersburg to Irkutsk located close to the famous Baikal Lake. The city pair has had no direct air connection since 2012. In addition, S7 Airlines will provide direct service from Pulkovo to the Russian city of Voronezh as well as Nice on the French Riviera.

With the new additions, the route network of S7 Airlines from Pulkovo in 2019 includes 23 destinations: 13 domestic and 10 international.

In Q1 2019, S7 Airlines served 228 thousand passengers in St. Petersburg, which is 4.6% more than in the same period of 2018. In 2018, the carrier was one of the top three airlines for passenger traffic from Pulkovo Airport. In the past year, the airline served 1.4 million people in St. Petersburg, which is 20% more year-on-year.

S7 Airlines is a member of oneworld airline alliance. The carrier is one of the world’s TOP-100 best airlines and ranks third in Eastern Europe according to Skytrax.

Pulkovo St. Petersburg Airport is the fourth airport in Russia in terms of passenger traffic. In Q1 2019, Pulkovo served 3.6 million passengers, which is 14.7% more than in the same period of 2018. In 2019, St. Petersburg airport, for the fourth year in a row, became the winner of the national ‘Air Gates of Russia’ award, according to the passengers’ votes. Since 2010, Northern Capital Gateway LLC has been the main operator of Pulkovo, implementing the airport reconstruction and development project under a public-private partnership agreement with the city of St. Petersburg.

 

“Aviation key driver to UAE’s economic growth”, Sheikh Ahmed says

Aviation sector will continue to drive the UAE's all round economic growth on the back of rising passenger numbers and airport expansion projects, Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority said recently.

"With passenger numbers expected to continue their growth trajectory and drive airport expansion projects to accommodate the demand, the UAE's aviation sector remains a key driver of our economic growth," Sheikh Ahmed, who is also Chairman of Dubai Airports and Chairman and Chief Executive of Emirates airline and Group, said at the inauguration of the Dubai Airport Show.

The three-day show had lined up the participation of 375 exhibitors from 60 countries showcasing more than 50 new technologies and innovative products at the Dubai International Convention and Exhibition Centre.

Organizers said with all the co-located events, the 19th edition of the event is offering an ideal platform the Middle East, Africa and South Asia's aviation authorities, companies and individuals to come together and collaborate with international experts and leaders to improve global aviation.

The co-located events include Air Traffic Control Forum, Airport Security Middle East, Global Airport Leaders Forum, Women in Aviation, General Assembly and CAPA Middle East & Africa Aviation Summit.

Daniyal Qureshi, group exhibition director at Reed Exhibitions Middle East, organizers of the Airport Show, said the show had been a clear sell-out, reflecting the industry's continuing vibrancy and investment potential for expanding facilities and new technologies at airports and the aviation industry in general.

Delivering the Airport Keynote address at CAPA Aviation Summit, Paul Griffiths, CEO of Dubai Airports Corporation, said Dubai World Central is set to handle 240 million passengers with personalized experience in the future. 

"The hub model is the right and sustainable model, which is benefiting Dubai," he said

APOC Aviation’s crowdfunding campaign raises $2.6 million in 90 minutes

Innovative aircraft and engines leasing, trading and part-out specialist APOC Aviation has raised $2.6 million in a highly successful crowdfunding campaign and Max Wooldrik, Founder and Managing Director of APOC, attributes that to the Company’s successful track record.

“This is our seventh crowdfunding raise for investment capital” he explains.  “The first time we experimented with the method it took us eleven days to generate $900,000 but we paid it back early so that generated ‘trust’ within the crowd.  Although this is the highest amount of money raised by a campaign, it is not the fastest – last time we raised $1.1m in just 8 minutes.

 “As an organization APOC Aviation has strong credentials within the new-tech arena.  We have developed our own industry-leading proprietary software platform ‘Alicanto’ which deploys crucial algorithms to estimate sales price/value for airframes and engines, delivering unique services for airline customers. Our team is technologically astute and forward-thinking so we’re really happy to involve a broad community of investors via the Internet and share the exciting world of aviation with them.”

The Company has secured additional working capital from ABN AMRO, the Dutch bank.  They recently chose APOC Aviation to feature in a television commercial focusing on successful businesses, which was shown on national television and gained excellent recall throughout The Netherlands.  The next step will be a formal raise of equity/debt capital to secure a significant sum to underpin an ambitious growth strategy. APOC Aviation is in the process of introducing a new division, which will focus on leasing, trading and parting-out of CFM56 and V2500 aircraft engines, and it is forecast to teardown nine airframes and invest in three engines this year.

Wooldrik is confident that APOC’s trajectory is in the ascendant.  “We’ve seen triple digit annual growth since founding the business in 2014.  Our funding is underpinned by our asset base that delivers consistently good returns for investors, and the predicted trends within the aviation sector relating to the growth of the global fleet and the on-going dismantlement of older aircraft suit our business model. We have just concluded APOC’s first significant deal in China with the acquisition of three A320 airframes and we will use local tear-down specialists to maximise cost-efficiencies from the outset. Concurrently we will replenish our stock of universally desirable A320 components, retain value in those parts, and sustain competitive prices.”

APOC’s fast-growth strategy and dynamic program of investment is well underway and Wooldrik attributes investor interest to the fact that aviation is an attractive class for investors.  “As children we dream of flying or becoming a pilot, but few achieve that ambition.  Being involved with a Company like APOC Aviation that is embracing a new way to do business enables some of the ‘magic’ to be shared by everyone.”

 

WNG Capital raises $438m for WNG Aircraft Opportunities Fund II

WNG Capital LLC, the global aviation investment manager and lessor of narrow body commercial aircraft, is pleased to announce the final closing of WNG Aircraft Opportunities Fund II, L.P. with $438 million of capital commitments.  WNG II is expected to acquire approximately 40 to 60 Boeing and Airbus narrow body aircraft with ages ranging from 15 to 20+ years and remaining lease terms of 12 to 48 months. As a result of WNG’s strong pipeline, the Fund has already closed on its first investment, signed a letter of intent for a second deal, and has several proposals outstanding for additional aircraft.

“WNG II was oversubscribed with demand exceeding the fundraising target of $300 million. We secured commitments from a sophisticated group of US institutional investors, including public and corporate pension plans, endowments, foundations, and family offices” said Michael Gangemi, Co-Managing Partner of WNG Capital.  “We are gratified by the response to our WNG II fundraise. The strong demand in a competitive market illustrates the value proposition of WNG’s differentiated approach as we seek to generate attractive returns for our investors through active management of narrow body aircraft on shorter leases. We view our investors as partners in our business and want to thank them for their trust and confidence.”

Since the Firm’s inception in 2009, WNG has managed 60 aviation assets valued in excess of $800 million. Continuing the value-creation strategy utilized in the management of these prior investments, WNG II is expected to primarily invest in mid-life and older narrow body commercial aircraft and aircraft-related assets manufactured by Boeing and Airbus. WNG is one of the most experienced lessors of older, narrow body aircraft, and its model for value creation is based upon extensive technical expertise and deep industry knowledge.

“The team at WNG has an established track record of managing older aircraft through multiple market cycles. Our hands-on, operational approach requires deep technical knowledge, detailed contracts experience and strong risk management skills. WNG professionals across the technical, legal, marketing and analysis verticals operate collaboratively with the singular focus of maximizing value for our investors, while providing flexible solutions for our lessees. We are proud to acknowledge the support we have received from leading institutional investors and look forward to building close and lasting relationships,” added Al Nigro, Co-Managing Partner.

 

Bombardier signs purchase agreement for Q400 turboprops

Bombardier Commercial Aircraft recently announced that a customer, who has requested to remain unidentified at this time, has signed an order to acquire six new Q400 aircraft.

Based on the list price of the Q400 aircraft, the firm order is valued at approximately US$ 202 million.

“The Q400 aircraft offers the perfect balance of passenger comfort and operating economics while maintaining its unmatched range and speed advantage versus other turboprops,” said Fred Cromer, President, Bombardier Commercial Aircraft. “The demand for turboprop aircraft worldwide is tremendous and the Q Series aircraft are ideally positioned to meet the needs of regional airlines as they offer a unique ability to serve diverse and challenging environments. The Q400 offers the lowest seat costs amongst turboprops, with an enhanced passenger experience and a proven 99.5 per cent reliability.”

 

Ed Bastian Chief Executive Officer Delta Air Lines

As CEO of Delta Air Lines, Ed Bastian leads a team of 80k global professionals that is building the world’s premiere international airline, powered by a people-driven, customer-focused culture and spirit of innovation.

Under Ed’s leadership, Delta is transforming the air travel experience with generational investments in technology, aircraft, airport facilities and most importantly, Delta’s employees worldwide. A 20-year Delta veteran, Ed has been a critical leader in Delta’s long-term strategy and champion of putting Delta’s shared values of honesty, integrity, respect, perseverance and servant leadership at the core of every decision.

Since being named Delta’s CEO in May 2016, Ed has expanded Delta’s leading position as the world’s most reliable airline while growing its global footprint and enhancing the customer experience in the air and on the ground. During his tenure as CEO, Delta has become the world’s most awarded airline, having been named the Wall Street Journal’s top US airline; Fortune’s most admired airline worldwide; the most on-time global airline by FlightGlobal; a Glassdoor Employee’s Choice company and more. Delta has returned to sustained profitability, regaining its investment-grade credit rating with all three major ratings agencies and paying out more than $1 billion in profit-sharing to employees every year over the past four years. In 2018, Fortune magazine named Ed among ‘The World’s 50 Greatest Leaders,’ and in 2019, he was elected to the membership of the Council on Foreign Relations.

When asked to sum up his job in five words, Ed’s response is: “Taking care of our people.” The answer reflects his leadership philosophy, which is based on the “virtuous circle” – if you take care of your people, they take care of your customers, whose business and loyalty allows you to reward your investors.

Ed joined Delta in 1998 as Vice President – Finance and Controller and was promoted to Senior Vice President in 2000. He left Delta in 2005 and became Senior Vice President and Chief Financial Officer of Acuity Brands. He returned to Delta six months later to become Chief Financial Officer, and in 2007 was appointed to serve as Delta’s President.

Prior to joining Delta, Ed held senior finance positions at Frito-Lay International and Pepsi-Cola International. Ed started his career with Price Waterhouse where he became an audit partner in its New York practice.

Ed grew up in Poughkeepsie, NY, and graduated from St. Bonaventure University with a Bachelor’s Degree in Business Administration. He lives in Atlanta, and is deeply involved in his faith, family and community.

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