April-2019

PAR Capital Management Enters Into Binding Agreement To Subscribe To A 11.5% Stake In Icelandair Group

Airbus Sells Its Shares In Alestis Aerospace

Ethiopian Airlines Statement On The Preliminary Report Of The Accident On ET 302

Magnetic MRO Expands Camo Capabili- ties To Two New Wide-Bodies Contents

Magnetic MRO Expands Camo Capabilities To Two New Wide-Bodies 1

Starlux Airlines Orders 17 A350 XWB Aircraft For Long-Haul Services 2

ATI Extends Long-Term Purchase Agreement With Rolls-Royce 3

Airbus Sells Its Shares In Alestis Aerospace 4

KBRA Assigns Final Ratings To Maps 2019-1 Limited 5

Vietnam Airlines Showcases Its Latest -900, Completing Its Fleet.. 6

UIA Adjusts Its Summer 2019 Schedule 8

Gulf Air Explores Growing The Airlines Network With Strategic Partners In Russia 9 PAR Capital Management Enters Into Binding Agreement To Subscribe To A 11.5%.. 10 Nordic Aviation Capital Has Successfully Completed The Largest Ever Senior.. 11 Airbus Shareholders Approve All AGM Resolutions, Appointed CEO 12 GA Telesis Appoints Kevin Geissler, Vice President Of Aviation Lease Solutions 14 Bombardier Signs Firm Purchase Agreement For Six Q400 Turboprops 15 Aerfin: Q1 Update 16 Ethiopian Airlines Statement On The Preliminary Report Of The Accident On ET 302 18 Airbus Launches “Skywise Health Monitoring” With Us Airline Allegiant Air.. 19 Tap Air Portugal Takes Delivery Of Its First A321LR 20 Skyworks Announces Q1 2019 Activities 22 ANA Receives New Boeing 787-10 For International Routes 23 Gulf Air And Etihad Airways Sign Codeshare Agreement, Strengthening.. 24 Magnetic MRO Expands Camo Capabilities To Two New Wide-Bodies

Magnetic MRO, a global provider of Total that adds new wide-body aircraft to our portfolio Technical Care for aircraft operators and lessors, complements the company’s recent business has gained EASA’s approval to offer continuing acquisition. This strategic alignment certainly airworthiness management (CAMO) services on creates a good base of synergy for Magnetic MRO’s wide-bodies Airbus 330 and Boeing 777, as well future business achievements in the wide-body as Embraer 145 aircraft type. News about the market,” commented Magnetic MRO’s Continuing recently updated CAMO approval certificate that Airworthiness Manager Andrei Pavlov. According expands Magnetic MRO’s capabilities to two new to Pavlov, Magnetic MRO’s CAMO approval was types of wide-body aircraft comes just weeks extended to sustain the company’s relationship after the company finalized the acquisition of with the development and growth of our existing Direct Maintenance, a Dutch company that’s customers, and create a possibility for potential specialized in Line Maintenance for wide-body future partnerships with new customers. aircraft. “The expansion of the CAMO capability

1 Starlux Airlines Orders 17 A350 XWB Aircraft For Long-Haul Services

Taipei, 19 March 2019 – STARLUX Airlines of Christian Scherer, Airbus Chief Commercial Officer. Taiwan has signed a firm order with Airbus for 17 “Both the A350-1000 and A350-900 offer true long widebody aircraft, comprising 12 A350-1000s and range capability, greater passenger comfort, yet five A350-900s. The new airline plans to deploy all the economic benefits of fleet commonality. these aircraft on its premier long-haul services We salute STARLUX’s strategic choice with from Taipei to Europe and North America, as well gratitude and we will be there to support their as selected destinations within the Asia-Pacific legitimate ambition.” The A350 XWB is the world’s region. “We are very glad to sign the official most modern and eco-efficient aircraft family purchase agreement today for Airbus widebodies. shaping the future of air travel. It is the long- The A350’s combination of extra-long range range leader in the large wide-body market (300 capability, significantly lower operating costs and to 400+ seats). The A350 XWB offers by design high passenger comfort were key factors in our unrivalled operational flexibility and efficiency for decision,” K.W. Chang, Founder and Chairman of all market segments up to ultra-long haul (9,700 STARLUX Airlines said. “STARLUX is committed to nm). It features the latest aerodynamic design, becoming one of the best airlines in the world. We carbon fibre fuselage and wings, plus new fuel- are positive that with the A350 XWB, we will be efficient Rolls-Royce engines. Together, these latest able to spread our wings to further destinations, technologies translate into unrivalled levels of bringing our best-in-class services to more people operational efficiency, with a 25 per cent reduction over the world in the near future.” “What K. W. and in fuel burn and emissions. The A350 XWB’s STARLUX are proving is that when you start from Airspace by Airbus cabin is the quietest of any twin- a clean sheet, you make no compromises. Every aisle and offers passengers and crews the most STARLUX A350-1000 takes off 45 tonnes lighter than modern in-flight products for the most comfortable its alternative. Imagine the savings! And will fly up flying experience. At the end of February 2019, to 1,000 more miles than the alternative, enabling the A350 XWB Family had received 852 firm orders STARLUX to serve US-East Coast destinations from 48 customers worldwide, making it one of nonstop! Imagine the extra market & revenue!” said the most successful wide-body aircraft ever.

2 ATI Extends Long-Term Purchase Agreement With Rolls-Royce

Allegheny Technologies Incorporated (NYSE: ATI) signed another long-term agreement with ATI for today announced that it has extended its Long- disc quality nickel alloys. Rolls-Royce’s supply chain Term Purchase Agreement (LTPA) with Rolls-Royce requires on time delivery of the highest quality to supply rotating disc quality specialty materials materials. ATI’s track record of cost, quality and for their Trent engine family. The LTPA extends delivery performance has been a key consideration Rolls-Royce and ATI’s agreement through 2029. in award of this contract. This new contract “We are pleased to extend our long-standing provides an opportunity for Rolls-Royce and ATI relationship with Rolls-Royce, partnering with them to further develop their relationship and to enjoy on the development of next generation jet engines engine production and services volume growth,” and supporting their legacy jet engine supply said Warrick Matthews, Executive Vice President, chain,” said Robert S. Wetherbee, ATI’s President and Procurement and Installations Supply Chain, Rolls- Chief Executive Officer. “This agreement reliably Royce. This news release contains forward-looking secures Rolls-Royce’s supply of critical materials statements within the meaning of the Private for their innovative engine portfolio for the next Securities Litigation Reform Act of 1995. Forward- ten years.” “This agreement covers the production looking statements are based on management’s of a wide range of critical products used to make current expectations and include known and Rolls-Royce’s next-generation jet engines as well unknown risks, uncertainties and other factors, as spare parts for in-service engines. It supports many of which we are unable to predict or control, ATI’s market-leading alloy development and broad that may cause our actual results, performance production capabilities, including our iso-thermal or achievements to materially differ from those forging operations,” said John Sims, Executive expressed or implied in the forward-looking Vice President, High Performance Materials and statements. Additional information concerning Components Segment. “In recognition of ATI’s factors that could cause actual results to differ commitment to innovation, quality and operational materially from those projected in the forward- reliability, Rolls-Royce awarded ATI a majority looking statements is contained in our filings share of all materials covered under this LTPA. We with the Securities and Exchange Commission. We are honored to support Rolls-Royce as they work assume no duty to update our forward-looking to confidently statements. deliver on this unprecedented aerospace ramp.” “We are very pleased to have

3 Airbus Sells Its Shares In Alestis Aerospace

Getafe, Spain, 1 April 2019 – Airbus has entered of Military Aircraft at . into an agreement to sell its shares in Alestis Alestis Aerospace is an aerostructures supplier Aerospace to Aciturri, a company headquartered and a leader in composite technology, whose in Miranda de Ebro, Spain. With this acquisition, activities include the design, development, and Aciturri will become the majority shareholder of manufacturing of structural aerospace components. Alestis Aerospace, holding 76% of Alestis’ shares, In 2018, its revenues reached € 283 million and in collaboration with SEPI which will maintain its the company has more than 1,600 employees participation with 24% of the new shareholding distributed mainly between Spain and Brazil. Airbus structure. “Aciturri’s acquisition of Airbus’ shares entered into the shareholding structure of Alestis in Alestis reinforces the company’s position as a Aerospace in 2014. The closing of the transaction supplier of reference in the aerospace sector and is subject to certain conditions’ precedent that ensures its long-term viability and future,” said should be completed in the short term. Alberto Gutierrez, Head of Airbus Spain and Head

4 KBRA Assigns Final Ratings To Maps 2019-1 Limited

serviced by GECAS with Merx as an equity investor. Over NEW YORK, NY (March 15, 2019) – Kroll Bond Rating the past Agency (KBRA) assigns final ratings to three classes year, Merx replaced GECAS as servicer of RISE. of notes (the “Notes”) issued by MAPS 2019-1 Of the 19 aircraft in the MAPS 2019 1 Portfolio, Limited. This transaction represents the second 18 are currently owned by subsidiaries of the serviced securitization for Merx Aviation Servicing Issuers as part of the RISE securitization. The Limited (the “Servicer”) who is an indirect wholly other asset is currently owned and serviced by owned subsidiary of Merx Aviation Finance, LLC Merx and will be acquired by the Issuers. KBRA (“Merx” or the “Company”). Proceeds from the sale notes that RISE Ltd. was renamed to MAPS 2019-1 of the Notes will be used to acquire or refinance, as Limited. The transaction benefits from sufficient applicable, 19 aircraft on lease to 13 lessees located credit enhancement and liquidity, as well as a in 8 countries (including one aircraft not subject dynamic structure that accelerates principal to a lease) with an initial value of approximately payments on the Notes in the event of weak $516.9 million. A portion of the Note proceeds performance. KBRA analyzed the transaction using will be used to refinance the RISE Ltd. aircraft the Global Aviation ABS Rating Methodology ABS transaction (“RISE”) that closed in February published on November 28, 2017. Related 2014. The RISE transaction was initially issued and Publications: (available at www.kbra.com)

5 Vietnam Airlines Showcases Its Latest Airbus A350-900, Completing Its Fleet Of 14 A350s

Toulouse, 3 April 2019 - Airbus presented Vietnam aircraft accounts for nearly 90% of our fleet, which Airlines’ 14th Airbus A350-900 which will join the demonstrates Airbus’ enormous contribution to national flag carrier’s fleet at a special ceremony Vietnam Airlines’ success. Today’s event marks in Toulouse. The ceremony was attended by an important milestone for Vietnam Airlines’ and the Chairwoman of the National Assembly of Airbus’ enduring relationship, which provides Vietnam, Nguyen Thi Kim Ngan, and high-ranking us with unparalleled opportunities for future officials of the National Assembly of Vietnam. growth through the operation of newer, more The aircraft (registration number: VN-A899) will efficient and suitable aircraft.” Jean-François Laval, complete Vietnam Airlines’ order of 14 Airbus Executive Vice President Asia of Airbus said: “We A350-900s, marking another milestone in the are delighted to celebrate Vietnam Airlines’ 14th national flag carrier’s fleet development and A350-900. For everyone at Airbus, it has been a expansion programme as it moves towards great source of pride and satisfaction to see the Skytrax 5-star status. Duong Tri Thanh, President A350 flying in Vietnam Airlines’ distinctive colours. and CEO of Vietnam Airlines said: “The Airbus

6 We are proud that Airbus aircraft have served as a spacious cabin, higher ceilings, larger windows, a platform for the airline to grow at home and more leg room, fully lie-flat Business Class seats, abroad, and contributed to the development of and an upgraded entertainment system with a the Vietnamese economy.” In July 2015, Vietnam larger screen, contributing to Vietnam Airlines’ Airlines became the first airline in Southeast Asia, journey towards Skytrax 5-star standards. Vietnam and only the second airline worldwide, to operate Airlines Group (including Vietnam Airlines, Jetstar the next generation wide-body Airbus A350-900 Pacific and Cambodia Angkor Air) operates a total aircraft. Over the past four years, the carrier’s Airbus of 105 aircraft from Airbus, including 89 narrow- A350-900 fleet has served more than 30 domestic body and 16 wide-body aircraft, while Vietnam and international routes, primarily comprising Airlines operates 86 Airbus aircraft, accounting for the transcontinental routes to Europe, Australia 88 per cent of its fleet. Vietnam Airlines is also the and Northeast Asia, and domestic flights between only airline in Vietnam currently operating the new Hanoi and Ho Chi Minh City. As of April 2019, generation of wide-body Airbus A350-900 aircraft. Vietnam Airlines’ Airbus A350 fleet had successfully operated 35,000 flights and carried nearly 9 million passengers. The Airbus A350-900 features

7 UIA Adjusts Its Summer 2019 Schedule

Ukraine International Airlines is planning to make May, and June some flights cancelations between some involuntary changes of its flight schedule Kiev and Zaporizhzhia, Kherson, Ivano-Frankivsk, for Summer 2019. Frequency and capacity on Baku, Minsk, Riga, Geneva, Amman and Ankara some routes will be reduced. The main reason for are expected. Passengers affected by the schedule the changes is the delay of the Boeing 737 MAX changes will receive notifications and offers of aircraft delivery. They were scheduled to start alternative departures dates and routes. “Due operating UIA’s flights from mid-April of this year, to the unforeseen circumstances that led to the disruptions in the supply of aircraft, we were forced to make changes to the already agreed summer flight schedule. In order to ensure that passengers are able to reach their destinations, UIA redistributes the existing however, due to the fact that the operation of this fleet and make every effort to fulfill obligations aircraft type is suspended until the completion to its customers. All schedule changes will be of the investigation process, the delivery of three reflected in booking systems, – noted Evgeniya Boeing 737 MAX for UIA is postponed until further Satska, UIA Communications Director. – Flights notice. The lack of aircraft for this period has that have not been canceled will be operated as forced the airline to make some adjustments to scheduled. In case of any additional adjustments its flight schedule. In particular, the changes will we will promptly inform the market about them.” affect such routes as Athens, Istanbul and Erevan where UIA will reduce the number of flights and/ or capacity. Flights between Kiev and Vinnytsia will be canceled. At the same time during April,

8 Gulf Air Explores Growing The Airlines Network With Strategic Partners In Russia

Moscow, Republic of Russia - 12 April 2019: H.E the Kingdom of Bahrain in the Russian federation, Zayed R. Alzayani, Minister of Industry, Commerce, Mr. Dharminder Hunjan, Director of Network and Tourism and Chairman to the Board of and Partnerships at Gulf Air and the members of Directors at Gulf Air heads a delegation from the Bahraini economic delegation. A number of vital Kingdom of Bahrain to meet with the Bahraini- issues were discussed during the meeting, related Russian Intergovernmental Commission to to the aviation sector. The most prominent of them explore possibilities of trade, economic, scientific being the effect of passenger transport and air and technological opportunities. During the freight to our economy. Both parties stressed the official visit in Moscow, HE Mr. Zayed R. Alzayani importance in the continuation of such discussions Minister of Industry, Commerce, and Tourism and visits to promote mutual cooperation taking and Chairman to the Board of Directors at Gulf this opportunity to exchange both experiences Air, met with Mr. Vitaly Saveliev, Chairman and and information, as well as coordination in Chief Executive Officer in the presence of Mr. all matters related to common goals, visions Ahmed Abdul Rahman Al-Saati, Ambassador to and joint strategies between the two sides.

9 PAR Capital Management Enters Into Binding Agreement To Subscribe To A 11.5% Stake In Icelandair Group

On 30 November 2018 a Shareholders’ Meeting pre-emptive rights to the new shares. The Company in Icelandair Group agreed to increase the share will call a Shareholders’ Meeting on 24 April capital of the Company by up to 625,000,000 2019. The capital increase will further solidify shares. Icelandair Group and Boston-based PAR Icelandair Group’s financial position, preparing Capital Management have today, 3 April 2019, the Company for growth and making it capable reached a binding agreement whereby PAR and to seize opportunities in the current operational its affiliates will subscribe to all 625,000,000 new climate. Bogi Nils Bogason, President and CEO of shares at a price of ISK 9.03 per share for a total of Icelandair Group “PAR Capital Management is a ISK 5,643,750,000. The purchase corresponds to a great addition to our strong group of shareholders. 11.5% stake in the Company. The price per share We believe that a partnership with PAR Capital is based on the trailing three months’ average Management will bring substantial value to closing price. The agreement is subject to the Icelandair Group. It is moreover pleasant to Company’s Shareholders’ Meeting agreeing to the have this seasoned international investor share transaction and thereby waiving shareholders’ our belief in the prospects of the Company.”

10 Nordic Aviation Capital Has Successfully Completed The Largest Ever Senior Unsecured Private Placement Issued By An Aircraft Lessor

Nordic Aviation Capital (NAC) is pleased to confirm as the largest regional aircraft lessor,” says CEO that it has successfully completed its third Senior Søren M. Overgaard. “There is no doubt that the Unsecured Private Placement issuance. The US Private Placement market with this record issuance, rated BBB by Kroll Bond Rating Agency, USD786 million transaction again demonstrates was launched at USD250 million and was substantially oversubscribed allowing NAC to source a total of USD786.25 million. This is believed to be the largest US private placement by an aircraft leasing company. The new transaction consists of five important value to NAC and great support to and seven year tranches, with the proceeds NAC’s business model and funding strategy. The being used to refinance aircraft within our trust in NAC’s business which has again been portfolio. They will rank pari passu with all other shown by a range of investors may well lead to unsecured indebtedness of the issuer, a wholly- further issuing in due course,” adds Steve Gorman owned subsidiary of NAC. This private placement Chief Funding Officer. The issue was arranged issuance is a landmark transaction for the 29-year- by Citigroup Global Markets Inc., Deutsche Bank old company and a further significant step in Securities Inc., Goldman Sachs & Co. LLC and RBC migrating to unsecured financing. “We are very Capital Markets, LLC Clifford Chance LLP acted as pleased with our new issue and the amount of counsel for NAC while Morgan, Lewis & Bockius support we receive from both new and existing LLP acted as counsel for the Note Holders investors. Unsecured funding improves our operational flexibility and supports our position

11 Airbus Shareholders Approve All AGM Resolutions, Guillaume Faury Appointed CEO

• Guillaume Faury joins Board of Directors, would like to thank the Board and shareholders appointed Airbus CEO • Board selects René for their trust. I look forward to working with our Obermann to succeed as Chairman great teams and shaping the Airbus of tomorrow, in 2020 • Claudia Nemat and Carlos Tavares to better serve our customers, increase our reappointed to Board • Catherine Guillouard competitiveness, and grow in a sustainable way.” reappointed to Board, to Chair Audit Committee Shareholders also approved the re-election of Non- Amsterdam, 10 April 2019 – Airbus SE (stock Executive Board Members Catherine Guillouard, exchange symbol: AIR) shareholders passed all Claudia Nemat and Carlos Tavares for a period of resolutions at its 2019 Annual General Meeting three years. Hermann-Josef Lamberti informed (AGM), including the appointment of Guillaume the Board of Directors that he doesn’t wish to Faury as an Executive Member of the Board of seek a renewal of his Board mandate at the 2020 Directors for three years. At a Board Meeting AGM after 12 years as a Board Member and 11 immediately following the AGM, Guillaume Faury years as Chairman of the Audit Committee. was formally appointed Airbus Chief Executive At the Board Meeting, it was decided that Officer (CEO), replacing outgoing CEO Tom Enders Catherine Guillouard will replace Hermann-Josef whose Board Mandate expired at the close of Lamberti as Chair of the Audit Committee while the AGM. Airbus announced last October that its Jean-Pierre Clamadieu will join the Ethics and Board of Directors had selected Faury, previously Compliance Committee with immediate effect. President of Airbus Commercial Aircraft, as its next Upon the recommendation of the Remuneration, CEO. “I’m pleased to welcome Guillaume Faury to Nomination and Governance Committee (RNGC), the Board and am confident that as CEO he will the Board has selected René Obermann to succeed successfully guide Airbus into the next decade,” Denis Ranque as Chairman of the Airbus Board said Denis Ranque, Chairman of the Airbus Board of Directors when his current mandate expires of Directors. “Guillaume has exactly the right at the close of the 2020 AGM. This succession skill set and experience needed to take Airbus was diligently prepared with the support of an forward. Separately, I would like to thank Tom external independent head hunter and the Board Enders for all his achievements during his time reached a decision after a thorough examination as CEO, including particularly the value created of all potential external and internal candidates. for our shareholders and the development of our Company to the benefit of all employees and the supply chain.” Guillaume Faury said: “It’s a real privilege to take over as Airbus CEO and lead this outstanding company into the 2020s. I

12 The Board, supported by the RNGC, has delivered – Allianz Deutschland AG. Between 2006 and 2013, and will continue to deliver – a smooth succession René Obermann was Chief Executive Officer of at Board and Management levels. The successor Deutsche Telekom AG. The proposed 2018 gross to Denis Ranque would be formally appointed as dividend of € 1.65 per share was approved at the new Chairman at the post-AGM Board of Directors AGM and will be paid on Wednesday 17 April. It meeting in 2020. Airbus has previously said that represents a 10% increase over the 2017 payment. Denis Ranque had requested to leave the Board to pursue other interests upon the end of his current mandate in 2020, when he will have served for seven years as Chairman. “After a thorough review, the Board has selected a very capable successor to take over when I step down as Chairman next year,” said Denis Ranque. “Through his current role as a Board Member, René Obermann already knows Airbus well, while his entrepreneurial background and executive experience leading senior management teams brings the right competences and mindset. René’s expertise will also prove invaluable for Airbus’ strong technology focus and his appointment also maintains international diversity at Board level.” René Obermann has been an independent non-executive Member of the Airbus Board of Directors since April 2018. He has served as a Managing Director of private equity house Warburg Pincus since 2015 and is also a Member of the Boards of Telenor ASA and

13 GA Telesis Appoints Kevin Geissler, Vice President Of Aviation Lease Solutions

April 8, 2019– Fort Lauderdale, Florida – GA Telesis, of the Company’s inventory leasing business as LLC (“GA Telesis”) announces the appointment of well as its thriving APU and Landing Gear leasing Kevin Geissler as Vice President Aviation Lease business. The Company currently has a significant Solutions. Kevin began his career at Curtiss Wright inventory lease portfolio consisting of Boeing 737, Accessories, the aftermarket repair business of 747, 767, 777, 787 as well as Airbus A320, A330 and the OEM, which was subsequently acquired by A350 rotable components. “As the world’s leading GA Telesis in 2008. Kevin spent several years post lessor of commercial aviation inventory we needed acquisition in the Company’s MRO Services unit someone with significant financial and inventory as a business unit controller and as Corporate finance experience to take the helm of this ever- Assistant Controller before being promoted to Vice growing business unit,” said Jason Reed, President President and Corporate Controller in 2013. Kevin of the Component Solutions Group at GA Telesis. holds a Bachelor’s Degree in Finance from the “Kevin has seen the company through 5x revenue University of North Carolina at Wilmington. Kevin growth during his tenure and we are excited to see will be responsible for oversight and development him start this new chapter of his career,” he added.

14 Bombardier Signs Firm Purchase Agreement For Six Q400 Turboprops

Bombardier Commercial Aircraft announced today for turboprop aircraft worldwide is tremendous that a customer, who has requested to remain and the Q Series aircraft are ideally positioned to unidentified at this time, has signed an order to meet the needs of regional airlines as they offer acquire six new Q400 aircraft. Based on the list a unique ability to serve diverse and challenging price of the Q400 aircraft, the firm order is valued at environments. The Q400 offers the lowest seat costs approximately US$ 202 million. “The Q400 aircraft amongst turboprops, with an enhanced passenger offers the perfect balance of passenger comfort experience and a proven 99.5 per cent reliability.” and operating economics while maintaining its unmatched range and speed advantage versus other turboprops,” said Fred Cromer, President, Bombardier Commercial Aircraft. “The demand

15 Aerfin: Q1 update

Following another exceptional year of growth in (CF34 and CFM56-5) engines on short-term lease 2018, AerFin maintains its impressive trajectory with several global operators since September last during the first quarter of 2019, as it continues year. In addition to the above, since September to grow its global customer base through the 2018 AerFin has also completed the sale of multiple provision of bespoke cost-saving service solutions. assets, mainly CF34, CFM56-7B and CFM56-5C Acquisitions, Trading & Leasing In an increasingly engines. Engine Material Sales With demand competitive acquisition environment, AerFin growing for CF34-8 used serviceable material continues to maintain a strategically astute (USM), AerFin has elected to induct several engines approach toward feeding its stock of inventory. for tear-down. This engine material will be utilised In 2019Q1, AerFin acquired three post-2000 to support not just global E-Jet operators but also DOM Airbus aircraft and a Boeing 737NG. AerFin Bombardier CRJ 800 and 900 operators due to the continues to remain highly active in the engine core CF34-8E/-8C engine piece-part commonality. leasing market and has successfully placed seven

16 While on the CFM56-5B platform, AerFin is delivering first-class on-wing support to E-Jet providing an engine material support package to operators in the Americas by launching an an American Flagship carrier, offering a significant equipment logistic facility in Atlanta. The facility cost-saving solution to its maintenance operation. will initially cover more than 200 E-Jet rotable part AOG Services To meet customer requirements numbers, including a selection of high-demand and to exceed operational excellence, AerFin component LRUs. AerFin will be exhibiting at next has decided to expand its AOG operations at week’s MRO Americas exhibition in Atlanta and is its London-Gatwick Facility. At the end of 2018, expected to make several exciting announcements AerFin reported an increase of 280% in AOG throughout the course of the week. orders processed throughout the year*. The expansion of the AOG facility has been vital in supporting the RFQ response and purchase order processing time, which is currently recorded at 1 hr 7 minutes. Corporate Announcements Earlier this year, AerFin reiterated its commitment to

17 Ethiopian Airlines Statement On The Preliminary Report Of The Accident On ET 302

would like to express our deep sympathy and condolences for the families, relatives and friends of the victims. Meanwhile; we are very proud of our pilots’ compliances to follow the emergency procedures and high level of professional performances in such extremely difficult situations. We are also very proud of our Global standard Pilot Training Center and the Ethiopian Aviation Academy which is one of the largest and most modern in the Ethiopian Airlines Aviation Group which is the world equipped with state of the largest and the most successful Aviation group in art and latest training technologies . I would also Africa, would like to acknowledge the preliminary like to take this opportunity to thank our valued report of the accident of ET 302/10 March, 2019 customers, the travelling public, the media and and would like to appreciate the hard work of Global aviation professionals for the remarkably the investigation team. The preliminary report high level of vote of confidences and strong clearly showed that the Ethiopian Airlines Pilots support that you have been giving us starting from who were commanding Flight ET 302/10 March the day of this tragic accident. We will double our have followed the Boeing recommended and efforts every single day to win your confidence and FAA approved emergency procedures to handle earn your business. Your Safety will remain our top the most difficult emergency situation created most priority and we will continue to work together on the airplane. Despite their hard work and full with our partners around the world to make air compliance with the emergency procedures, it travel safer and more comfortable. My highest was very unfortunate that they could not recover appreciation also goes to my 16, 000 colleagues the airplane from the persistence of nose diving. at Ethiopian Airlines for their resilience, high As the investigation continues with more detailed standards of professionalism and their continued analysis, as usual we will continue with our full commitment for operational excellence and their cooperation with the investigation team. Group award winning customer services which enabled us CEO, Tewolde GebreMariam said that “ All of us to continue our business with out any operational at Ethiopian Airlines are still going through deep disruption, flight delays nor flight cancellations.” mourning for the loss of our loved ones and we

18 Airbus Launches “Skywise Health Monitoring” With Us Airline Allegiant Air As Early Adopter

MRO Americas, Atlanta, 10th April 2019 – Airbus events, enabling quicker decision-making and has launched first operations of a new Skywise preparation of the optimal solution to ensure service – Skywise Health Monitoring (SHM) – with aircraft on-time dispatch and minimizing AOG Allegiant Air on its A320s. Dynamically coupled risks. Overall, SHM saves airlines time and with Skywise Reliability Services (SRS) and Skywise decreases the cost of unscheduled maintenance. Predictive Maintenance (SPM), SHM is hosted Natively interfaced with SPM and SRS to provide on Skywise, gathering live diagnostic feeds an integrated user-experience, and also ready from the aircraft through its *ACARS link to the to harness the new on-board Flight Operations airline’s information system. Using the power of and Maintenance Exchanger (“FOMAX”) data the Skywise aviation data platform, SHM collates router which can capture over 20,000 real-time and centralises the alerts, flight-deck effects, aircraft parameters, SHM enables end-to-end maintenance messages etc., prioritizes them, correlates any faults with the relevant troubleshooting procedures, highlights operational impacts, provides the maintenance history of the system (from the logbook and **MIS information collected through Skywise Core and stored in the data lake), allowing effective tracking of the alerts. When fully deployed, and following unscheduled event management/fixes for example the in-service feedback from Allegiant Air and by anticipating tools and parts’ availability closest other ‘early adopters’, SHM will support airlines’ to the aircraft. More early adopters will join Maintenance Control Centers, Line Maintenance in the months to come to pilot SHM for other and Engineering departments in identifying, Airbus aircraft, including A330, A350 and A380. prioritizing, analyzing and handling in-service

19 Tap Air Portugal Takes Delivery Of Its First A321LR

Hamburg, 5 April 2019 – Lisbon based TAP Air applaud TAP Air Portugal for becoming the first Portugal has taken delivery of its first of twelve airline to leverage the benefits of the A321LR A321LR’s on order, becoming the first airline to and the A330neo in a common fleet. The A321LR operate a combined A330neo and A321LR fleet. and A330neo working in tandem have the middle The A321LR is the world’s most flexible and market segment nicely covered. The “Airbus capable large single aisle aircraft. Powered by CFM NEO Midsize Aircraft” engines, TAP’s A321LR is configured with 171 seats - let’s call them the (16 full flat Business, 48 Eco Premium and 107 “A-NMA’s”, are a winning, Ecomomy seats). The combination of the A321LR seamless combination - and the A330neo within a single fleet provides unprecedented capacity operators a powerful lever to cover the needs of and transatlantic the medium to long haul market. With both newest range with single aisle generation single aisle (20% fuel burn reduction) cost with the A321LR, and widebody aircraft (25% fuel burn reduction) and unbeatable unit airlines benefit from an unrivalled commonality for costs and flexibility operations whilst passengers experience a higher for true long haul and harmonized comfort standards. “The A321LR is with the A330neo. critical for TAP’s expansion plans. With its superior range we can comfortably explore markets in North America, South America and Africa from Portugal, and it’ll fit in seamlessly with our A330neos,” said Antonoaldo Neves, CEO, TAP Air Portugal. “In North America it allows us to explore markets on the East Coast, such as New York, Boston, Montreal or Washington. In Brazil the A321LR can open new markets in the Northeast and complement existing services to cities like Recife, Natal, Fortaleza or Salvador,” he added. “The aircraft are equipped with the latest generation full flat business class and high comfort economy seats, a full suite of IFE and connectivity as well as free messaging services”. TAP’s A321LR will be operated on the Lisbon-Tel Aviv route at its entry into service. “We

20 Both with the most contemporary technology reduction in noise footprint compared to previous and cabin comfort in their class,” said Christian generation competitor aircraft. With a range Scherer, Airbus Chief Commercial Officer. TAP of up to 4,000nm (7,400km) the A321LR is the currently operates an Airbus fleet of 75 aircraft unrivalled long range route opener, featuring comprising five A330neo, 13 A330ceo,4 A340s, true transatlantic capability and premium wide- and 45 A320 Family aircraft. The single-aisle fleet body comfort in a single aisle aircraft cabin. includes 21 A319ceo, 20 A320ceo, four A321ceo, The A330neo is a true new generation aircraft two A320neo and six A321neo. The A321LR is a building on the A330’s success and leveraging on member of the A320neo Family, with over 6,500 A350 XWB technology. It incorporates the highly orders by more than 100 customers. It delivers efficient new generation engines, new wings and 30 percent fuel savings and nearly 50 percent new sharklets derived from A350 technology.

21 Skyworks Announces Q1 2019 Activities

SkyWorks Holdings today announced transactions and activities performed during Q1 2019 for its Leasing & Asset Management and Investment Banking & Advisory Groups. Leasing & Asset Management Group activities included the following: • On behalf of a US investor, SkyWorks arranged the sale of two A319 aircraft and four A320 8 aircraft on-lease from SMBC Aviation Capital, aircraft on-lease to Delta Air Lines. • SkyWorks to be delivered in 2019. • SkyWorks continued to was retained by a second US investor to arrange provide widebody aircraft acquisition advisory a portfolio sale of three aircraft (A319/320/B777- services to Fiji Airways. • SkyWorks continued to 300ER) on- lease to various airlines. • SkyWorks provide fleet-related advisory services to Royal was retained by a third US investor to remarket Jordanian Airlines for a complete narrowbody three B737-700s and one B737-800 coming off- fleet replacement for 17 aircraft and engines, lease in 2019/2020. • SkyWorks continued to including engine maintenance support services. provide aircraft sourcing and fleet analytical • SkyWorks continued to advise Spirit Airlines on support services to Modern Logistics. Investment sale-and-leasebacks for some of its 2019 A320neo Banking & Advisory Group activities included the deliveries. • SkyWorks continued to advise a North following: • SkyWorks was retained as arranger and American carrier on the arrangement of JOLCO advisor to Delta Air Lines in connection with sale financing for its 2019 aircraft deliveries. • SkyWorks and leaseback financing of narrowbody aircraft. continued to provide fleet-related advisory During the quarter, three A321-200 and two services to a European flag carrier. • SkyWorks 737-900ER closings were completed. • SkyWorks continued to provide fleet-related advisory completed its assignment with Southwest services to a North American low-cost carrier. Airlines where it to sourced twelve new 737 MAX

22 ANA Receives New Boeing 787-10 For International Routes

• ANA announced that it has received its Boeing Singapore before it begins service from Narita 787-10 equipped with comfortable new seats. • Airport to Bangkok’s Suvarnabhumi Airport on July Airline becomes the first Japanese carrier to use 1, 2019. These routes aim to meet the high demand the new plane. • 787-10 will first serve Narita - for flights connecting prominent locations in Singapore route from April 26 and Narita - Bangkok Asia and will allow Japan to serve as a convenient route from July 1. TOKYO, April 5, 2019 - All Nippon connecting point for flyers. Along with its new, Airways (ANA), Japan’s largest and 5-Star airline more comfortable seats, the aircraft’s Premium for seven consecutive years, has announced that Economy and Economy Class features a six-way its new Boeing 787-10 arrived in Japan on March adjustable headrest and the largest touchscreen 31, 2019, from Boeing’s manufacturing facility personal seat monitor in its class. The seat monitors in Charleston, SC. Among a range of upgrades, have been updated to include swipe-to-search the advanced aircraft features upgraded seats ability and support for five additional with enhanced comfort and languages - which brings the total to functionality in 11. The high capacity aircraft also offers the popular “Full Flat” seats, in the Business Class cabin. Furthermore, the next-generation “ANA Flight Path” map will be added to the both flights, using 3D mapping Premium Economy to provide and Economy Class. “The 787-10 is a cutting-edge plane and ANA is honored to be the first Japanese airline to fly the aircraft,” said Hideki Kunugi, Executive Vice President of ANA. “ANA now has the distinction of being the tourism only airline in Asia to operate all models (787- guides and restaurant recommendations 8, 787-9 and 787-10) of the 787 aircraft. The 787 from Japan’s largest travel review site, 4 travel. fleet is known for its extremely low noise levels, ANA plans to acquire a total of three 787-10s excellent fuel efficiency and in-flight comfort, all of by the end of fiscal year 2020 and gradually which support ANA’s mission to push the standards introduce them to its Southeast Asian routes of air travel by investing in the latest technology.” as part of its commitment to bring top-of-the- The Boeing 787-10 is scheduled to begin flying line aircraft and technology to travelers. on April 26, 2019, from Tokyo-Narita to Changi-

23 Gulf Air And Etihad Airways Sign Codeshare Agreement, Strengthening Ties Between The Carriers

♣ Codeshare operations to begin with the summer built facility that allows US bound passengers to schedule between Bahrain and Abu Dhabi and process all immigration, customs and agriculture onwards from both hubs ♣ Gulf Air will place its ‘GF’ inspections in Abu Dhabi before they depart. code on 10 Etihad routes including destinations in Africa, Australia, Indonesia and the USA ♣ Etihad will place its ‘EY’ code on 12 Gulf Air routes across the Gulf region, North Africa, Europe and key destinations in Pakistan Abu Dhabi, United Arab Emirates, 20 March 2019 – Gulf Air, the national airline of the Kingdom of Bahrain, and Etihad Airways, the national airline of the United Arab Emirates, have signed a codeshare partnership, for travel commencing with the summer schedule. The announcement follows the signing of a Memorandum of Understanding (MOU) between the two carriers at the Bahrain International Airshow in November last year and will further strengthen the strong ties between the two countries and carriers. Gulf Air will place its ‘GF’ code on Etihad flights from Abu Dhabi to and from Bahrain, Brisbane, Chicago O’Hare, Jakarta, Lagos, Los Angeles, Melbourne, New York JFK, Sydney and Washington. The agreement will see Etihad place its ‘EY’ code on Gulf Air flights from Bahrain to and from Abu Dhabi, Baghdad, Casablanca, Dhaka, Faisalabad, Larnaca, Malaga, Multan, Najaf, Peshawar, Sailkot and Tbilisi. Guests who are travelling to the USA with Etihad will be able to enjoy the preclearance facility offered at Abu Dhabi International Airport. The United States Customs and Border Protection (CBP) facility at Terminal 3 in Abu Dhabi Airport is a purpose-

24 On arrival in the US, guests arrive as domestic year, during the Bahrain International Airshow, passengers, speeding up the arrival process and we signed a cooperation MOU and today we making onward connections more seamless. The extend this to the next level with this codeshare. announcement was made at a signing ceremony Customers of both airlines will now have more held at Etihad Airways Headquarters in Abu Dhabi, options to fly to more destinations and explore attended by Tony Douglas, Group Chief Executive new cities across our networks. The relationship Officer of Etihad Aviation Group, and Krešimir between the Kingdom of Bahrain and the United Kučko, Chief Executive Officer of Gulf Air. Mr. Arab Emirates has always been a strong one and we Krešimir Kučko said: “This is a remarkable event feel proud to be part of history by working closely for both Gulf Air and Etihad Airways and we take with our friends at Etihad Airways.” Mr. Douglas pride in elevating this relationship further with added: “We are thrilled to be signing this codeshare the signing of this codeshare agreement. Last agreement today with our long-time partner, Gulf Air. The relationship between Abu Dhabi and Manama stretches back nearly 70 years, with established and deep-rooted ties between both countries and carriers. This partnership reinforces Etihad Airways’ commitment to working closer with Gulf Air following the signing of our Memorandum of Understanding (MOU) last year. The signing today is a great example of how two flag carriers can enhance the experience of our guests by providing a greater choice of destinations and world-leading inflight service and Arabian hospitality.” In addition to the codeshare signing, both Gulf Air Falconflyer and Etihad Guest loyalty programmes are exploring ways to offer earn and burn opportunities. Gulf Air currently operates four return daily flights between Bahrain and Abu Dhabi while Etihad currently operates three return daily flights between Abu Dhabi and Bahrain.

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