September-2019

Norwegian Air Shuttle Offers Bond- holders Security In Exchange For Amended Bond Maturities

Rolls-Royce To Provide Totalcare Flex Ser- vices For ’s Trent 700 Fleet

GKN Aerospace Announces Global Integra- tion Jumbo Sized Delivery For Freight Touches Down Contents

First EgyptAir A220-300 Makes 1

Wizz Air To Soar From Southend Airport, Two New Routes From Luton 2

Airbus Delivers First A330neo In Hi Fly Livery 3

Kuwait Airways Takes Delivery Of Its First A320neo 4

Rolls-Royce To Provide Totalcare Flex Services For Air Canada’s Trent 700 Fleet 5

AJW Technique Appoints Sajedah Rustom As Chief Executive Officer 6

Boeing Statement on 777X Load Testing 7

Regional Jet To Add More Aircraft For SAS 8

Heston MRO Adds Ana For Perth Station, Gains Jcab Approval 9

Norwegian Air Shuttle Offers Bondholders Security In Exchange For Amended.. 10

Strong Ranking Affirmed On Orix Aviation Systems Ltd. As A Commercial Aircraft.. 12

IATA To Hold Africa Aviation Forum In Nairobi, Kenya - 17 Sep 14

Boeing, KLM Announce Order For Two 777 Jets 15

Vistara Inaugurates Flights To Dubai 16

FL Technics Expands Its EASA Part-145 Approval With A320neo Family Type 17

AirAsia Launches Future Of Long-Haul Fleet 18

328 Support Services GMBH Partners With Germany To Form A New Leipzig Based.. 20

KBRA Assigns A- Rating to Air Lease Medium-Term Notes 21

Jumbo Sized Delivery For Qantas Freight Touches Down 22

FACC Manufactures Radomes For 23

Volotea Will Support Dδnte Aeronautical To Develop A State-Of-The-Art Hybrid.. 24

PAL Takes In New A321neo Regional Fleet 26

Aviation Capital Group Joins Tokyo Century 27

WestJet Welcomes Roatán To Its Network 28

AJW Technique Enhances Relationship With Liebherr-Aerospace 29

GKN Aerospace Announces Global Integration 30 First EgyptAir A220-300 Makes Maiden Flight

The first A220-300 for EgyptAir has successfully body comfort in a single-aisle aircraft. The A220 completed its inaugural test flight from the Mirabel brings together state-of-the-art aerodynamics, assembly line. The first of 12 aircraft EgyptAir advanced materials and Pratt & Whitney’s latest- has on order is due to be delivered to the Cairo- generation PW1500G geared engines based airline in the coming weeks. The A220 for to offer at least 20% lower fuel burn per seat EgyptAir will provide passengers with superior compared to previous generation aircraft. With comfort, its innovative cabin design featuring the a range of up to 3,400 nm (6,300 km), the A220 widest economy seats of any single-aisle aircraft, offers the performance of larger single-aisle and panoramic windows for more natural light. aircraft. More than 80 A220 aircraft are flying with The aircraft, which is outfitted with a brand new five operators on regional and transcontinental cabin layout of 134 seats, will now enter its final routes in Asia, America, Europe and Africa, proving phase of completion before delivery. The A220 the great versatility of Airbus’ latest addition. delivers unbeatable fuel efficiency and true wide-

1 To Soar From Southend Airport, Two New Routes From London Luton

Wizz Air, one of Europe’s fastest growing airlines Vienna from £16.99*. Wizz Air is the largest airline and the leading low-cost carrier in Central and to operate from London Luton with over 40% Eastern Europe, today announces that it will begin market share. The four new services announced operations at London Southend Airport, and will today means that Wizz Air now has almost 11 launch two new services to Western Europe from million seats on sale on its 106 routes from 12 its London Luton base. From November, Wizz Air UK airports to Europe and beyond, representing will offer flights from London Southend to the 24% growth year on year. Owain Jones, Managing popular Eastern European destinations of Bucharest Director, Wizz Air UK said: “It is exciting to see in Romania and Vilnius in Lithuania. Fares to the Wizz Air painting the skies pink at Southend, historic capital cities start from £16.99*. Today’s as we expand our footprint across the Greater announcement will see Wizz Air create over 100** London airports. The new routes from Southend indirect jobs in the Southend area, and means and London Luton demonstrate that Wizz Air is that Wizz Air operates from three London airports; committed to offering customers ultra-low fares Luton, Gatwick and now Southend. Wizz Air will to destinations across all of Europe, connecting also launch two new routes from London Luton the UK with cultural hubs and off-the-beaten track to Castellón, the Spanish city situated between destinations. Whether it’s a family holiday, trip of Benicàssim and Valencia, and Vienna, the capital a lifetime or a quick weekend escape, Bucharest, and cultural epicentre of Austria. This will be Vilnius, Castellón and Vienna have something for the first time that WIZZ will connect its low- everyone to enjoy. The WIZZ team looks forward to fare UK network with popular holiday and city welcoming customers old and new on-board our break destinations in Spain and Austria. Fares ultra-efficient fleet of Airbus aircraft very soon.” to Castellón start from as little as £12.99*, and

2 Airbus Delivers First A330neo In Hi Fly Livery

Toulouse 03 September 2019 – Hi Fly, the privately is available throughout the aircraft The A330 will owned Portuguese wet lease specialist operating be deployed to further expand Hi Fly’s long haul an exclusive all-Airbus fleet, has taken delivery of a wet lease and charter operations worldwide. Hi Fly new A330neo on lease from operates an all Airbus fleet of 20 aircraft including (NYSE: AL). The aircraft is configured with 371 seats four A320 Family aircraft, 15 A330 / A340 Family in a two class layout, with 18 high comfort lie flat aircraft and one A380. As a wet lease specialist Hi business class seats and 353 economy seats. All Fly provides aircraft on lease for short notice airline seats are equipped with the latest generation in- operations, with crew, maintenance and third-party flight entertainment system, and mood lighting insurance provided in a service-ready package.

3 Takes Delivery Of Its First A320neo

Kuwait Airways, the national carrier of Kuwait, two-class layout, including 12 business class has taken delivery of its first A320neo aircraft. and 122 seats. The aircraft offers The delivery a milestone in Kuwait Airways’ 65th the widest single-aisle cabin in the market with anniversary celebrations, marking an important unmatched comfort in all classes. It also provides step in the airline’s ambitious fleet renewal and the latest inflight entertainment technology. growth plans , which will phase-in 15 A320neo The A320neo and its derivatives are the world’s aircraft to its fleet in the coming years, following a best-selling single-aisle aircraft family with over purchase agreement signed in 2014. The A320neo 6,600 orders from more than 100 customers all will be apillar of Kuwait Airways’ single aisle fleet, over the world. It has pioneered and incorporated bringing continuity to the success delivered by the latest technologies, including an industry its current 7 A320ceos, and ensuring a smooth reference cabin and latest generation engines, transition for pilots, crews, and technical teams. delivering 20 percent fuel savings per seat. The A320neo will boost the airline’s profitability Further to lower emissions, the A320neo also with the world’s most advanced and fuel- offers additional environmental benefits with efficient single-aisle aircraft. Kuwait Airways’ nearly a 50 percent reduction in noise footprint new A320neo is powered by CFM International compared to previous generation aircraft. LEAP-1A engines and is configured in a spacious

4 Rolls-Royce To Provide Totalcare Flex Services For Air Canada’s Trent 700 Fleet

Rolls-Royce has signed a new TotalCare® Flex engine ownership, freeing up cash flow for other agreement with Air Canada that will ensure the parts of the business. Adair Swan, Rolls-Royce availability of the airline’s Trent 700 until fleet Programme Director - Mature Large Engines said: retirement. The agreement marks a new milestone “This is further evidence of our commitment to for TotalCare Flex, designed for owners and transform our services, providing the right care operators of mature engines. It is the first to be at the right time for our customers’ engines. The signed for the Trent 700, which entered service Trent 700 is our most successful engine programme in 1995, and is in addition to TotalCare Flex and kicked off the Trent family success story. As it agreements on Trent 800 and Trent 500 engines. reaches maturity, we can provide operators with To date, the Air Canada fleet of Trent 700-powered this innovative and flexible service to guarantee Airbus A330s has achieved more than 700,000 the performance of the engine, right up to the flying hours. With the first aircraft now reaching aircraft’s final day in service.” Richard Steer, Air approximately 20 years in service, the reliability Canada Senior VP Operation said: “We are pleased and durability of the Trent 700 is unparalleled. to be the first Trent 700 operator to adopt TotalCare TotalCare Flex builds on the success of Rolls-Royce Flex with a long-standing, reputable supplier such TotalCare, where the needs of the aircraft operator as Rolls-Royce. This further extends the strong and engine manufacturer are fully aligned with the business partner relationship already established shared goal of maximising engine time on . over the years Air Canada has operated the fleet TotalCare Flex tailors that service specifically for of A330 aircraft, and furthers Air Canada’s goal to customers seeking economical management of operate mature fleets in a cost-effective manner.” mature engines. Operators can lower the cost of

5 AJW Technique Montreal Appoints Sajedah Rustom As Chief Executive Officer

3rd September 2019 - AJW Technique , the of London. On Rustom’s appointment, Christopher maintenance hub for AJW Group’s global Whiteside, CEO and President of AJW Group, component repair and overhaul activities, has comments: “I am delighted to welcome Sajedah appointed Sajedah Rustom as Chief Executive to lead our team at AJW Technique. Sajedah’s Officer. At AJW Technique, Rustom will be appointment marks an important step towards us responsible for leading strategy and business realising our ambitious vision for AJW Group to development, products and services innovation, be a $1Billion business by 2022. “Sajedah has an whilst ensuring flawless execution and customer impressive track record in the aviation industry. satisfaction. Rustom brings with her more than Her experience will be instrumental in accelerating fifteen years of strategic and operational leadership our future growth, and ensuring we meet the experience in both commercial and business diverse, evolving needs of our customers.” Sajedah aviation to her new role. She was previously Rustom, Chief Executive Office of AJW Technique, responsible for aftermarket products and services comments: “AJW is a business I have long admired, development as well as the transformation of this will indeed be a superb and exciting challenge! the business aircraft aftermarket at Bombardier I look forward to working with such a skilled, Aerospace, with significant results. Rustom holds a energetic team to execute on our plan to grow Bachelor and a Master’s degree from the University and develop AJW Technique’s suite of services.”

6 Boeing Statement on 777X Load Testing

CHICAGO, September 10, 2019 – During final load cause assessment over the coming weeks. The testing of the 777X static test airplane, a test static airplane has been successfully undergoing which involves bending the of the airplane testing since June, and this was the final test up to a level far beyond anything expected in for the static test article. While our root cause commercial service, an issue arose that required assessment continues, at this time we do not the team to suspend testing. The testing issue expect that this will have a significant impact occurred during the final minutes of the test, at on aircraft design or on our overall test program approximately 99 percent of the final test loads, schedule. We remain fully focused on safety as and involved a depressurization of the aft . our highest priority, as we subject the 777X to The test team followed all safety protocols, a rigorous test program prior to first flight. and we are conducting a comprehensive root-

7 To Add More Aircraft For SAS

The Estonian capacity provider REGIONAL JET will above our critical mass level which makes us a be expanding its cooperation with SAS by adding very competitive, flexible and sustainable regional 5 more CRJ900 under long term ACMI contract. capacity provider, continues Jan Palmer.” “The 3 CRJs will be based in Tallinn, and 2 CRJs will VP External Production at SAS, Mikael Wångdahl, be based in Vilnius with operations starting in says: “We have chosen REGIONA JET as one of our March 2020. REGIONAL JET already has a long- long term strategic partners when outsourcing term contract with SAS for operating 8 ATR72-600 our regional production because of their ability aircraft and 2 CRJ900 aircraft based in Denmark to adapt to our requirements concerning safety, and Sweden. REGIONAL JET is a regional capacity punctuality, regularity and service concept. provider supporting major airlines with long- REGIONAL JET has the competence and is term and ad-hoc regional capacity. REGIONAL JET responding to our needs in a very professional started its operations in early 2016 and currently way, says Mikael Wångdahl.” REGIONAL JET has operates a fleet of 19 aircraft, 12 CRJ700/900s and today 450 employees, 90 at the office in Tallinn and 7 ATR72-600s. With the new SAS contracts and 360 crews based in Tallinn, Vilnius, Copenhagen, introduction of Embraer E195 aircraft for other Billund, Aarhus, Stockholm and Warsaw. With long-term projects in Europe, REGIONAL JET fleet 24 different nationalities REGIONAL JET is today will reach close to 30 aircraft by the end of 2020. one of the biggest Regional Airlines in Europe. “I am really impressed how our organization has During the summer 2019 the airline is or has been been developing all this new businesses in such operating for Nordica, LOT, SAS, Air Serbia, Luxair, a short period of time and with a performance Flybe, LoganAir, Smartlynx, TUI Belgium, Great level above aviation industry average level says Dane Airlines, Blueislands and many others. Jan Palmer, CEO of REGIONAL JET. We are now

8 Heston MRO Adds Ana For Perth Station, Gains Jcab Approval

Heston MRO, the largest independent MRO ANA worldwide to be awarded full certification organisation in Australasia, gained Japan JCAB (CS) privileges from the commencement of ANA approval for Perth line station and extended services at a new station. ‘This is a testament to cooperation with ANA airlines. In addition to the the efforts of the ANA and Heston MRO Project successful daily flight between Tokyo (Haneda) team and demonstrates the overall maturity of and Sydney which has been operating for almost Heston MRO Line operations’, comments Wayne four years, ANA have launched daily flights to Wildenburg, Quality and Safety Manager for Heston Perth. ‘ANA are pleased to select Heston MRO MRO. With 20 years of operating history and airside as our Technical Handling provider for Perth, presence in Sydney, Melbourne, Brisbane, Perth, furthering our cooperation which began in Sydney Adelaide, and other airports in Australasia, Heston back in 2015’states Mr Yoshiyuki Furuya, senior MRO is the largest independent MRO organisation Manager Engineering at ANA. As part of its drive in the region. Besides Line Maintenance and to become a regional independent MRO of choice recently launched Components Services, this year for international airlines flying into Australia, the company is adding certification for Engine Heston MRO successfully passed a series of On-Wing technical capabilities. The resulting stringent quality audits from Japanese Regulator, Total Technical Care services will be offered to adding its Western Australian Line station to airlines, leasing companies, and OEMs in the its existing Sydney JCAB approval. Heston MRO Australasian and South West Pacific region. Perth is the second technical handling agent for

9 Norwegian Air Shuttle Offers Bondholders Security In Exchange For Amended Bond Maturities

Norwegian Air Shuttle (“NAS” or the “Company”) of passengers between our European short-haul is executing on its strategic plan from growth network and intercontinental long-haul network, to profitability and cash generation. To ensure an important part of Norwegian’s profitability successful operations and adequate liquidity strategy going forward. Previous transactions in headroom, NAS is requesting to extend the the market demonstrate the ability to monetize maturity dates of its two unsecured bonds in on slots at Gatwick. Improved operational exchange of a security package backed by the performance The Company’s operational attractive take-off and landing slots at London performance continues to improve since the Q2 Gatwick Airport. The Company is requesting an 2019 Report mid-July. The Company is on track to extension for NAS07 and NAS08 to November 2021 reach NOK 6-7 billion in EBITDAR in 2019 as stated and February 2022, respectively. The Company in the Q2 2019 Report, with further improvement will in exchange offer the unsecured bondholders expected next year. This would be at all-time high a security package consisting of a pledge over all levels, despite the well-known issues with Rolls- shares in Norwegian Air Norway AS (“NAN“), which Royce engines on the Company’s Dreamliners and will hold the attractive take-off and landing slots the grounding of the MAX fleet. As at London Gatwick Airport. Norwegian’s Gatwick reported, NAS continues to prioritize delivering portfolio currently consists of take-off and landing on the announced initiatives: • Norwegian is on slots which has an independent valuation from a track to reach the targeted NOK 2,000 million cost well-reputed third-party in excess of the current reduction for 2019. Further cost improvements nominal bond value for NAS07 and NAS08 of USD are expected in 2020 and 2021 • NAS is working 380 million. These are important operational rights to shorten the working capital cycle through new for the Norwegian Group, facilitating the feeding payment technologies and further capacity

10 • The shareholding in Norwegian Finans Holding discussions with lessors with the goal to defer ASA (“NOFI”) has been sold with a price of NOK payment schedules. Well publicised discussions 2,218 million, with the net proceeds of NOK 934 with aircraft and engine manufacturers are million to be received ultimo Q4 2019 • The ongoing, all with the goal of significant liquidity negotiations regarding the establishment of ease. Bondholders’ meetings to be summoned NAS the joint venture for a part of the aircraft fleet has requested Nordic Trustee AS as Bond Trustee to are progressing and will be announced when summon bondholders’ meetings in the context of a concluded • In 2019, Norwegian has sold aircraft request to amend certain terms and conditions of with proceeds net of debt repayment of USD 127 the outstanding bonds NAS07 (ISIN NO0010753437) million. Further divestment is put on hold until and NAS08 (ISIN NO0010783459) maturing 11 the Boeing 737 MAX is back in operation. Despite December 2019 and 7 August 2020 respectively. In significant operational progress, the working addition to receiving asset backing, NAS proposes capital has been negatively affected by the Rolls- to amend the call structures to include step-ups Royce engines issues and the grounding of the of the call premiums, including redemption at MAX fleet by approximately NOK 1.5 billion. In maturity at 105% of par. The bondholders will be addition, terms in the credit card acquirer market further compensated through an early bird fee have tightened. In Q2, Norwegian’s customers had and an amendment fee. Timeline: • 2 September: bought, not travelled, tickets for NOK 9 billion. Summons to bondholders’ meetings • 11 Compared to Q2 2018, the amount not received September: Early bird fee deadline • 16 September: from credit card acquirers has negatively affected Bondholders’ meetings Please see attached the working capital by approximately NOK 4 billion. summons to the bondholders’ meetings on 16 Norwegian’s 60/40 summer/winter seasonality September 2019. DNB Markets, a part of DNB effect requires a build-up of liquidity reserves Bank ASA, and Pareto Securities AS have been before the winter season. The proceeds from the retained as financial advisers for NAS and BAHR sale of the NOFI shareholding will strengthen the and Wikborg Rein are acting as legal advisers. balance sheet and liquidity. NAS has ongoing

11 Strong Ranking Affirmed On Orix Aviation Systems Ltd. As A Commercial Servicer; Outlook Is Stable OVERVIEW We have affirmed our STRONG overall Affirmed At STRONG On ORIX Aviation Systems ranking on ORIX Aviation Systems Ltd. as a As A Commercial Aircraft Lease Servicer; Outlook commercial aircraft lease servicer in Ireland. The Stable ,” published on May 25, 2017), ORIX Aviation outlook is stable. ORIX Aviation Systems Ltd., based reported the following key changes: In 2018, ORIX in Ireland, is a wholly owned subsidiary of ORIX Aviation acquired a 30% equity stake in Avolon Corp., which is a financial services group based Holdings Ltd. in Tokyo. LONDON (S&P Global Ratings) Sept. (Avolon), the 2, 2019--S&P Global Ratings today affirmed its third-largest STRONG overall ranking on ORIX Aviation Systems aircraft Ltd. (ORIX Aviation) as a commercial aircraft lease lessor, with servicer in Ireland. The outlook is stable. Our backing from ranking reflects ORIX Aviation’s: Expertise and ORIX Corp. track record in effectively managing a diversified portfolio of aircraft leases; Demonstrated ability to grow its leasing portfolio; Experienced and tenured management team, complemented by ORIX Corp. support; Well-established internal audit discipline, enhanced risk management, and comprehensive policies and procedures; Continued investment in technology, including enhancements to its sound lease management platform; and Streamlined lease administration workflows, including further enhancements to an already solid watchlist process and more proactive monitoring of lessees in financial distress or default. The outlook is stable. In our opinion, the company has well-established lease administration operations. We expect ORIX Aviation to maintain its servicing standards at this level. The company continues to closely monitor the developments relating to the Boeing 737 MAX aircraft that was taken out of service by the Federal Aviation Administration earlier this year due to safety issues. Since our prior review (see “ Ranking

12 Avolon is a stand-alone entity that is not covered in a dedicated team member to manage assurance the scope of this ORIX Aviation ranking review. In and compliance, and established an enterprise November 2018, the previous ORIX Aviation deputy risk committee to enhance oversight of the key CEO, also acting as chief commercial officer (CCO), risks facing the business. ORIX Aviation became was promoted to CEO, which was in line with the subject to Sarbanes-Oxley compliance once it company’s succession plan; the head of sales and became a material subsidiary of the ORIX Corp. in leasing was promoted to CCO. The technical and 2017. In 2019, ORIX Aviation launched the latest financial asset management functions were split. version of the Leasepoint lease management Similarly, ORIX Aviation restructured the latter system and a new human resources system. These function, appointing several new staff members enhancements are expected to improve efficiencies with greater experience. The company appointed and controls. The financial position is SUFFICIENT.

13 IATA To Hold Africa Aviation Forum In Nairobi, Kenya - 17 Sep

Aviation Connecting and Enriching Africa 2 unleash Africa’s full potential,” said Muhammad Ali September 2019 (Nairobi) – The International Albakri, IATA’s Regional Vice President for Africa Air Transport Association (IATA) announced that and the Middle East. The IATA Regional Aviation the 2019 IATA Regional Aviation Forum, Kenya Forum will be held in Nairobi on the 17 September hosted by Kenya Airways will focus on the theme 2019. In addition to Mr. Albakri, who will deliver of ‘Aviation Connecting and Enriching Africa’. keynote remarks, the opening plenary will feature “Africa is set to become one of the fastest growing an address by Kenya Airways’ Chairman, Michael aviation regions over the next 20 years, with the Joseph, and Chief Executive Officer, Sebastian industry set to expand by nearly 5% annually. Mikosz. The forum will also address other key This creates significant opportunities for aviation topics affecting the air transport industry. to fuel sustainable economic growth, and social Sessions include: - Critical issues that keep airline development. However, the continent’s economy CEOs awake at night - Digital Transformation cannot take off while its runway is obstructed. - New trends in flight safety & operations - The forum provides a platform to discuss the Developing regulations to support sustainable main challenges, which the industry, together growth and deliver quality infrastructure with its government partners, must address to

14 Boeing, KLM Announce Order For Two 777 Jets

Boeing [NYSE: BA] and KLM Royal Dutch Airlines The 777-300ER can seat up to 396 passengers in ( KLMR ) today announced that the carrier has a two-class configuration and has a maximum ordered two more 777-300ER (Extended Range) range of 7,370 nautical miles (13,650 km). The airplanes as it continues to operate one of Europe’s airplane is the world’s most reliable twin aisle with most modern and efficient fleet. The order, valued a schedule reliability of 99.5 percent. Operating at $751 million at current list prices, was previously out of its home base in Amsterdam, the KLM attributed to an unidentified customer on Boeing’s Group serves a global network of 92 European Orders & Deliveries website. “KLM is one of the cities and 70 intercontinental destinations with a world’s leading network carriers and an aviation fleet of 209 aircraft. The carrier operates 29 777s, pioneer and we are delighted the airline has once including 14 777-300ERs. It also flies 747s and the again selected the Boeing 777-300ER to strengthen 787 Dreamliner family. KLM, the world’s oldest its long-haul fleet for the future,” said Ihssane airline still operating under its original name, Mounir, senior vice president of Commercial Sales is celebrating its centenary this year. In 2004 it & Marketing for The Boeing Company ( BA ). “KLM’s merged with Air France to create Europe’s largest continuing interest in the 777-300ERs shows the airline group. The Air France-KLM Group is also enduring appeal and value of the 777, thanks to one of the largest operators of the 777 family its outstanding operating economics, superior with nearly 100 between the combined fleets. performance and popularity among passengers.”

15 Inaugurates Flights To Dubai

New Delhi, Dubai, 22 August 2019: Vistara, India’s finest full-service carrier and a JV of Tata and Singapore Airlines, yesterday inaugurated its daily service between Mumbai and Dubai. Dubai is Vistara’s second international destination in its network, with which the airline becomes the only one to offer the choice of for travel between India and the UAE (in addition to Business and Economy class). Mr. Himanshu Gupta, Chief Commissioner route and are confident that travellers will enjoy of Customs - Mumbai, Govt. of India, Ms. Sucheta, flying the ‘new feeling’ with Vistara.” Vistara Deputy Commandment, Central Industrial Security celebrated the occasion with all the customers Force (CISF), Govt. of India, and senior officials of on the inaugural flight. To make their experience GVK Mumbai International Airport (CSMIA) were equally memorable, the airline presented them a part of the flight’s inaugural ceremony held at gift bag of memorabilia and chocolates. Vistara Mumbai Airport. Vistara was welcomed in Dubai inaugurated its international operations earlier with a special celebratory event organised by this month with daily flights to Singapore from Dubai Airports in the presence of Mr. Eugene Barry, Delhi and Mumbai. It is now poised to begin Executive Vice President - Commercial, Dubai flying to the third international destination in its Airports. Vistara’s Chief Executive Officer, Mr. Leslie network, Bangkok, Thailand from 27 August 2019. Thng, said on the occasion, “We’re very excited As the highest-rated Indian airline on Skytrax and to start our service to Dubai, a city that’s home TripAdvisor, and winner of several ‘Best Airline’ to millions of Indians, place of business for many awards, Vistara has consistently raised the bar Indian corporations and is also the most-preferred for operations and service delivery in the Indian holiday destination for so many people. Now Dubai aviation industry in a short span of little over four also has India’s best airline that’s committed to years. The airline now connects 27 destinations, making a mark in global aviation with a world- operates over 1200 flights a week served by a class product and gold-standard service. With a fleet of 23 Airbus A320 and seven Boeing 737- great product and unmatched Indian hospitality, 800NG aircraft, and has flown more than 16 million we bring something unique to the India-UAE customers since starting operations in 2015.

16 FL Technics Expands Its EASA Part-145 Approval With Airbus A320neo Family Type

FL Technics, a global provider of integrated aircraft their EASA Part-145 approved line stations with maintenance, repair and overhaul services, a part A320 family aircraft, , and Boeing 737 of Avia Solutions Group, has just extended its EASA capabilities. “The new addition to our already Part-145 approval with Airbus A320neo family existing EASA Part-145 approval gives a proof type (LEAP-1A & PW 1100G) for Line maintenance that our company is working extremely hard services. The company has already added this towards the highest results and quality possible. new type to its main line station in Vilnius (VNO), From now own, our Line maintenance stations Lithuania. Further expansion of the certificate will have even broader scope of operations, addition is being planned towards Dubai (DXB), expanding the possibilities of maintaining Vienna (VIE), Tbilisi (TBS), Riga (RIX), and Kiev (IEV) over 900 operational A320neo family aircraft”, airports where FL Technics currently operates says Zilvinas Lapinskas, CEO at FL Technics.

17 AirAsia Launches Future Of Long-Haul Fleet

BANGKOK, 5 September 2019 - AirAsia officially a new-generation widebody aircraft that delivers welcomed its first two aircraft, numerous benefits and efficiencies, including the future of its long-haul fleet, by hosting a enhanced cabin comfort, greater range to fly ceremonial event at Don Mueang Airport here further - powered by Rolls-Royce Trent 7000 today. The two aircraft, registration numbers engines - as well as new modifications including HS-XJA and HS-XJB, are now based in Don composite Sharklet wingtip devices that generate Mueang Airport and will operate scheduled aerodynamic improvements and reduced fuel services to key destinations throughout Asia burn. AirAsia has configured the cabin of its Pacific, facilitating growth of AirAsia’s long-haul first two A330neo aircraft to accommodate 12 operations from Thailand. The Airbus A330neo is Premium Flatbeds and 365 standard seats.

18 This new specification aircraft features more air travel. AirAsia X Thailand currently operates personal space for guests, larger cabin storage, 12 aircraft and targets to receive 2 more by the ambient mood lighting, power sockets in every end of this year. From next year onwards, we will seat and the quietest cabin in its class. AirAsia X receive an all-Airbus A330neo fleet,” he said. The Group CEO Nadda Buranasiri said, “We are proud A330neo will be initially deployed on existing to welcome the future of long-haul low-cost long-haul routes from Bangkok operated by travel with this state-of-the-art aircraft, while at AirAsia X Thailand (carrier code XJ), including the same time being the first carrier in Thailand to markets such as Japan, Australia, China and to operate the A330neo for guests across Asia South Korea. Last week, AirAsia X also placed Pacific. “Not only does this new generation aircraft a firm order with Airbus for an additional 12 deliver significant cost benefits which we can pass A330neo, bringing a total 78 aircraft on order for on to our guests, in the form of great value fares, this type. AirAsia also confirmed an order for 30 but it also unlocks exciting network expansion new-generation A321XLR aircraft, the single-aisle opportunities and enhances the guest experience Xtra Long Range aircraft promoting even lower with numerous modifications and features. “We fuel burn. This order reaffirms the carrier’s status remain committed to taking full advantage of as the largest customer for the A330neo and this revolutionary aircraft as we look forward to strengthens AirAsia Group’s position as the world’s offering the best value and comfort for long haul largest airline customer for the A320 Family.

19 328 Support Services GMBH Partners With Germany To Form A New Leipzig Based OEM - DRA GMBH

328 Support Services GmbH (328SSG), the type programme, and recognise the continuing support certificate holder of the Dornier 328 aircraft, of our owners, employees and business partners,” announced today the formation of a new aircraft said Dave Jackson, managing director of 328SSG. original equipment manufacturer, DRA GmbH, “Germany’s return to the design and building of founded on the proud heritage of Dornier and a Part 25 category commercial aircraft is long Germany’s reputation for engineering design, overdue and this new operation intends to create quality and innovation. Representatives of an aviation legacy founded on the heritage of 328SSG, a wholly owned subsidiary of Sierra aircraft pioneers.” “The expansion of our locations Nevada Corporation (SNC) and the German in Germany and the formation of DRA GmbH, a new Federal & State of Saxony ministries, today signed dedicated OEM, will enable us to manage future a Memorandum of Understanding to establish developments of the D328NEU aircraft and exploit DRA GmbH’s final assembly line for the D328NEU® future technologies and capabilities to produce aircraft, a derivative of the Dornier 328, at a more efficient, economic and environmentally Leipzig/Halle Airport, in the State of Saxony. The friendly aircraft,” he added. The aim of the upgraded project anticipates the creation of up to 250 new D328NEU is to offer a suitable replacement solution jobs at the production facilities in Leipzig, and for ageing ‘in service’ aircraft in the aviation an additional 100 plus jobs at 328SSG’s HQ in market, as well as supporting the growing global Oberpfaffenhofen, near Munich. “We are proud market demand of new route development. to have won the confidence of the German Further updates on the programme will be Government in supporting this exciting new announced at the end of the first quarter of 2020.

20 KBRA Assigns A- Rating to Air Lease Medium-Term Notes

Kroll Bond Rating Agency (KBRA) assigns a senior subsidiaries.The ratings of Air Lease are supported unsecured rating of A- with a Stable Outlook to the by strong financial fundamentals, as reflected by a 2-part Medium-Term Notes, Series A, due 2023 and low leverage strategy, strong profitability, liquidity due 2029, to be issued by Air Lease Corporation and cash-flow metrics, and largely unencumbered (AL), an aircraft leasing company headquartered asset base. The rating also takes into account in Los Angeles, California. The company intends to Air Lease’s strong management profile and the use the proceeds for general corporate purposes, growing strength of its global franchise, which which may include the purchase of aircraft and is backed by a young and in-demand fleet, a the repayment of existing indebtedness. KBRA diverse customer base, substantial forward lease most recently affirmed the Company’s issuer and placement of orders, and a strong order book. The senior unsecured debt ratings of A- on December ratings are further supported by the stable outlook 14, 2018.The Notes will be Air Lease’s senior of the global aircraft leasing industry. These unsecured obligations and will rank equally in strengths are balanced by the disciplined funding right of payment among themselves and with its and placement planning required to manage the existing and future senior indebtedness. The Notes significant order book, an element of key-man risk will rank senior in right of payment to any future despite good succession planning, the cyclical subordinated unsecured indebtedness and will be nature of the industry, potential credit quality effectively subordinated to its existing and future issues in the airline industry as a whole, and event secured indebtedness to the extent of the value of risks related to air travel in general.The ratings are the assets securing such indebtedness. The Notes based on KBRA’s Global Finance Company Rating will be structurally subordinated to all existing and Methodology, published on November 28, 2017. future indebtedness and other liabilities of our

21 Jumbo Sized Delivery For Qantas Freight Touches Down

Qantas Freight has welcomed a new addition to its is delighted that Qantas Freight have extended fleet with the first of two Boeing 747-8F freighter their long-term relationship and partnership with aircraft touching down in Sydney today. The next Atlas Air. The two freighters will operate between generation freighters will be operated by Atlas Air, Australia, China and the USA with additional on behalf of Qantas. Each aircraft offers 20 per cent routes currently being explored. The second 747- more freight capacity and space for seven extra 8F aircraft will enter service later this week. While cargo pallets compared to the 747-400F. Qantas the aircraft will be painted in Atlas Air livery, the Freight Executive Manager Paul Jones said the Qantas Freight logo will be displayed on either arrival of the 747-8F aircraft would better meet side of the nose and underneath the freighters’ customer demand for freight capacity around the nose cargo door. The 747-8’s iconic nose door globe. “More capacity and better reliability means allows easier loading of oversized cargo and helps we can continue to deliver for our customers in achieve faster turnaround times. The arrival of the Australia and around the globe,” Mr Jones said. new aircraft follows Qantas Freight’s announced “These aircraft have a far better environmental of a new seven-year agreement with Australia footprint, producing less carbon emissions and Post to enhance the domestic network. The new offering greater efficiency, something that we know agreement, worth more than $1 billion, also is really important to our customers.” Executive Vice paves the way for up to three A321 passenger to President and Chief Commercial Officer for Atlas freighter aircraft join the fleet from October 2020. Air Worldwide, Michael Steen, said the company

22 FACC Manufactures Radomes For Airbus A220

Austria-based FACC, a leading technology cockpit section, protecting the radar antenna. partner of the aerospace industry, has been Stability, weight, reliability as well as minimal commissioned by to attenuation of the signal transmitted or received manufacture radomes also for the Airbus A220, by the antenna are critical features of these in addition to the Bombardier Challenger and components. In addition, parts must have high- Global families. Deliveries for the strength properties to protect the radar antenna A220 commercial aircraft are scheduled to start in the event of a bird strike or hail at high speeds. in 2020. Bombardier and FACC can look back on a The contract to manufacture the radomes for the long-standing partnership as the Upper Austrian A220 strengthens FACC’s position as an important aerospace company has been collaborating with technology partner to Bombardier. In addition to the Canadian aircraft manufacturer ever since it the radomes, FACC already supplies the Bombardier was founded 30 years ago. Over the years, FACC has Challenger 350 and Global 7500 programs with developed into a renowned partner to Bombardier various technologies and products from wing- through continuous innovation and efficient to-body fairings and to bypass ducts, state-of-the-art manufacturing processes. “We cabin linings, cabinets etc. Andreas Furthmayr, are very proud to be represented on the Airbus Vice President Program & Sales Aerostructures, A220 alongside Bombardier’s industry-leading comments confidently: “We are delighted that aircraft. The contract to manufacture the A220 Bombardier is now relying on our comprehensive aircraft radomes confirms that we are on the right expertise, not only for the Bombardier Challenger track by continuously optimizing our processes and Global aircraft, but also for the production of through targeted investments and meeting the aircraft radomes for the Airbus A220. This allows high quality requirements at a best-in-class level,” us to further expand our product range in the says Robert Machtlinger, CEO of FACC. FACC will area of high-strength lightweight components start delivery of the radomes in 2020 and will and consolidate our successful cooperation manufacture them for the Airbus A220 under a with Bombardier for many years to come.” life-of-program contract. Radomes are part of the

23 Volotea Will Support Dδnte Aeronautical To Develop A State-Of-The-Art Hybrid-Electric Aircraft

This passenger hybrid-electric aircraft is a project in net aviation CO2 emissions of 50% by 2050 involving renowned institutions in Europe and (relative to 2005 levels) will only be possible by a Australia and aims to reduce 50% fuel emissions change of paradigm. The introduction of alternative Volotea collaborates in this 2020’s prototype technologies to conventional jet engines and turbo to explore also the commercialization of route propellers are key to achieve that goal. “As part of opportunities between very small cities Barcelona, our proactive environmental policy, Volotea will 4th September 2019, Volotea, the airline of mid actively collaborate with DΔNTE Aeronautical in and small‐sized European cities has reached an the development of this hybrid-electric aircraft, in agreement with DΔNTE Aeronautical to collaborate order to support the reduction of carbon emissions in the project to develop a hybrid-electric aircraft and noise from aircraft operations. Volotea will for transportation of passengers. Volotea is provide DΔNTE with market analysis and technical partnering with DΔNTE on a long-term project data. Volotea engineers and commercial specialists for the configuration of a state-of-the-art hybrid- have been appointed and made available to electric small aircraft suitable to operate small validate this market opportunity and provide inexistent routes in the next decade. The new technical support as well”, Carlos Muñoz, Founder aircraft will be eventually able to serve routes and CEO of Volotea stated. DΔNTE is an aerospace between small and mid-size communities, where start-up with presence both in Spain and Australia, traditional aircraft are not profitable and other created to innovate in the aircraft industry with transport alternatives are not available. This the integration of advanced manufacturing environmentally friendly project is led by DΔNTE technologies, aerodynamics and electric power Aeronautical and in which, apart from Volotea, plants. For that purpose, DΔNTE has commenced other renowned institutions like Instituto de the design of a 19 to 35 passenger aircraft with all Empresa in Spain, ALTRAN in Europe and University thrust provided by Distributed Electric Propulsion of Sydney and University of Adelaide in Australia (DEP), batteries for energy storage and an internal are taking part. This project intends to boost the combustion turbo-generator working as “range economic development of rural environments and extender”. It is envisaged that this technology underserved touristic destinations constrained will allow the commercialization of future full today by reduced transport alternatives. electric aircraft. Although DΔNTE´s plans include Additionally, the new concept will reduce emissions a future retrofit to a battery only power-plant, this significantly through the use of electric motors, fed approach is not deemed commercially realistic by electricity stored by batteries or generated on until the 2030´s. Instead DΔNTE considers its board with a highly-efficient internal combustion hybrid solution will reduce fuel consumption and engine. Industry objectives like IATA´s reduction emissions more than 50% much sooner than that.

24 “If we want to make aviation more sustainable, we In order to validate the market opportunity, DΔNTE need to find the sweet spot between ambitious and Volotea will working closely and also with emissions reduction targets and realistic economic business schools like Instituto de Empresa in Spain propositions. A full electric aircraft is a nice long or University of Adelaide in Australia, to estimate term goal, but it will have very little impact in the and size a new air transport segment that could be near term if it is just a niche product for wealthy monetised and create thousands of jobs. Upon the individuals. Electric powerplants with additional successful completion of this first phase, DΔNTE hybrid range extenders represent instead a real will enter into the detail design and manufacturing opportunity to reduce emissions drastically in of a scaled prototype to be flight-tested as a the shorter term, because they enable a new prior step to its full industrialization and future market for door to door regional air transport with commercialization. Volotea and DΔNTE expect competitive costs. In DΔNTE we are developing their hybrid aircraft will be a commercial reality the right technology, and Volotea is showing by mid next decade. A preliminary configuration the drive and interest to make it a commercial is already in place but DΔNTE will work in coming reality”, Miguel Madinabeitia, co-founder of months with top aerospace renowned engineering DΔNTE Aeronautical. DΔNTE will work with Volotea and research organizations, like ALTRAN in Europe to define the specifications of this future air and University of Sydney in Australia to validate all passenger commuter to better adapt the aircraft to the technical hypothesis and have a basic design the most promising markets and routes where the that will underpin a future phase. new technology may be introduced in the future.

25 PAL Takes In New A321neo Regional Fleet

Philippine Airlines has introduced a new Airbus regional routes, helping PAL in our mission to A321neo SR aircraft to serve as the primary boost tourism from the high-producing tourist countries in the region such as China, Japan, Korea and our ASEAN neighbors.” “Our award-winning inflight service, extensive entertainment selections, comfortable seats and brand new planes are earning the appreciation of more and more passengers,” said PAL President Santa Maria. “We will extend the same service single-aisle jetliner for Asian regional flights, in experience to passengers flying our A321neo SR.” the latest phase of the flag carrier’s fleet modernization program. The aircraft is the first of a batch of 15 that will be progressively introduced into the PAL fleet over the next few years. “Our passengers will appreciate the more comfortable layout of the aircraft,” said PAL President Gilbert F. Santa Maria. “The A321neo’s new engines, ‘sharklet’ wingtips and other innovations also make the airplane quieter, more efficient and kinder to the environment, which is good news for the planet.” Added Santa Maria: “Our newest A321neo will become the single-aisle mainstay for

26 Aviation Capital Group Joins Tokyo Century

NEWPORT BEACH, Calif. (Sep. 9, 2019) – Aviation and the aircraft leasing industry,” said Khanh T. Capital Group LLC (ACG) announced today that Tran, ACG’s president & CEO. “The ACG team is its majority shareholder, Pacific Life Insurance enthusiastic and looking forward to being part Company, has entered into an agreement where of the Tokyo Century family as we expand and Tokyo Century Corporation will acquire from Pacific continue to provide best-in-class global aircraft Life all of its outstanding interest in ACG. Tokyo leasing, financing, and trading services.” The Century initially acquired from Pacific Life a 20% transaction is expected to close in the fourth interest in ACG in 2017 and has since contributed quarter of 2019. Tokyo Century is publicly- additional equity capital to ACG, increasing its held and listed on the Tokyo Stock Exchange. ownership to 24.5%, to help accelerate its business Its core lines of business include Equipment expansion. “Tokyo Century has been a valuable Leasing, Mobility & Fleet Management, Specialty partner since 2017 and this acquisition of the Financing, and International Business with a remainder of ACG demonstrates a commitment global network in 37 countries and regions. to the growth and success of the ACG platform

27 WestJet Welcomes Roatán To Its Network

WestJet today announced it will be adding Roatán, WestJet.” “We at the Bay Islands Tourism Bureau Honduras to its Caribbean destinations with its are so happy to know WestJet will be servicing new non-stop seasonal service from Toronto Roatán as we love to see our friends from the starting December 15. “With the addition of the north visit and look forward to working with the snorkelling paradise of Roatán to our network, premier Canadian airline,” said Mike Carter, Vice- WestJet guests now have convenient access to President, Bay Islands Tourism Bureau. “From the 14 Caribbean destinations non-stop from Toronto beginning of our talks, all the way through the this winter,” said Arved von zur Muehlen, WestJet process, the cooperation and communication Chief Commercial Officer. “Roatán is home to miles from all involved has been amazing. A special of coastline featuring barrier reefs, white sand thanks to our political and business stakeholders beaches and turquoise waters and is a bucket and the entire WestJet team as we have the list getaway that we can’t wait for our guests to foundation of a great partnership for growth explore starting this December.” “We congratulate and service.” The new service will be operated on WestJet on this new service to the beautiful island WestJet’s Boeing 737 aircraft featuring the airline’s of Roatán,” said Scott Collier, Vice President of Premium and Economy cabins. Flights are timed Customer and Terminal Services, Greater Toronto to optimize connectivity to WestJet’s Toronto hub Airports Authority (GTAA). “Toronto Pearson is and provide for WestJet Rewards accumulation proud to be a part of WestJet’s continued growth and redemption along with additional benefits and we are sure our passengers will be excited for WestJet Rewards top tier members. to discover this part of the world, thanks to

28 AJW Technique Enhances Relationship With Liebherr- Aerospace

AJW Technique, the maintenance hub for AJW aircraft operators worldwide best-in-class and Group’s component repair and overhaul service, complimentary services.” “Partnering with leading based in Montreal, has announced a commitment OEMs to develop complementary relationships is for enhanced collaboration with Liebherr an integral part of our strategy of driving trade and Aerospace Saline, Inc., a leading OEM service center MRO reciprocal work globally. We are continually in North America. The effort will enable the two looking at how we can expand our portfolio of businesses to better support airlines across the OEM partnerships to enable us to offer a wider globe, with AJW Technique receiving access to the range of mutually attractive customer solutions.” OEM’s new and serviceable market and exchange inventory. This means that AJW Group will have direct access to Liebherr-Aerospace components that can be traced, sold, and exchanged dependent on a customers’ individual needs. AJW Technique will provide Liebherr-Aerospace with component Over the past seven years, AJW Technique has packages of inventory for their Used Serviceable rapidly grown into a business that today has more Material (USM) offering, whilst AJW Leasing will than 200 engineers, providing support to over 300 provide Liebherr- Aerospace with component airlines across the globe, processing in excess of packages for sales and leasing when needed. 35,000 units per year across 6,000-part number Further, the exchange of services workload will lines. AJW Technique holds approvals from ANAC be reviewed as well. Frank Boni, Vice President (Brazil), CAAC (China), CAAS (Singapore), DGCA of MRO Sales at AJW Technique, said: “Our new (Indonesia), EASA (Europe), HKCAD (Hong Kong), collaboration with Liebherr-Aerospace will deliver JCAB (Japan) and TCCA (Canada) which enable it synergies that will enable us to jointly offer to support AJW Group’s customers’ worldwide.

29 GKN Aerospace Announces Global Integration

GKN Aerospace to reorganise to become more we can begin to realise our full potential.” The customer-focused and improve operational reorganisation will take place within the next performance The global transformation follows two years and, following the move to simplify years of growth-by-acquisition, and will see it the business, GKN Aerospace’s global headcount move from four independent internal divisions is expected to reduce by around 1,000 roles. into a single, fully integrated business GKN Aerospace has announced details of a worldwide reorganisation in order to create a simpler, more competitive, customer-focused business. The business has grown rapidly by acquisition over recent years, increasing in scale from £600m turnover in 2006 to more than £3.5bn at the end of 2018. Today, it is structured with four independent divisions, each focused around products and internal capabilities. In the new structure, GKN Aerospace will fully integrate as one business, with customer-facing teams and a single, connected network of global sites, all supported by shared services. The new structure will enable the business to better serve its customers, improve operational performance, collaborate internally and maximise its potential for future growth. Hans Büthker, Chief Executive Officer GKN Aerospace, said: “We are creating a single, fully integrated business aligned to our customers’ needs, which will ensure we are better positioned within the competitive global aerospace market. “Our rapid growth has brought us world-leading technology, an outstanding global footprint from which to support our customers, a balanced portfolio of work across all major aircraft platforms, and great people. It has also made us relatively complex. By taking the next step and fully integrating,

30 These will be non-production Mr Büthker continued: “This is minimise the impact wherever roles, as it reduces layers of a fundamental transformation possible, and ensure the management and support of the business and it is the process is managed in the most functions, and increases its focus right move for the long-term as appropriate way.” GKN Aerospace on operations. GKN Aerospace we move into a more coherent first outlined its future intention will aim to manage as much business structure. The reduction to integrate via a single global of this reduction as possible in roles is difficult for all involved operating model in Quarter 1 last through natural means, such as and we will work closely with year, and consultation has now the usual turnover of people, Works Councils and social begun with key stakeholders vacancy management and partners in all our key regions on the details of the proposals. redeployment of employees. over the coming months to “Looking ahead, when this restructure is complete, we will be simpler, stronger and more successful,” said Mr Büthker. “We will be better able to standardise our processes and internal systems, and therefore drive up operational performance. We will be able to collaborate and share best practice more effectively across our network of sites. We will be able to offer our full range of technology to customers via clear customer-facing teams. In all, we will be more efficient and better positioned for future growth.” GKN Aerospace has 50 manufacturing sites across 15 countries and today employs around 18,000 people.

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