May-2019

EXPRESSJET AIRLINES, A UNITED EXPRESS CARRIER, TAKES DELIVERY OF FIRST OF 25 NEW E175 AIRCRAFT

PW Powered A319neo Makes Maiden Flight

Allegiant Announces Gregory Anderson As EVP & Chief Financial Officer Frontier Airlines’ Flight Attendants Ratify Five-Year Collective Bargaining Agreement Contents

Air Lease Corporation Announces Delivery Of New A330-900Neo.. 1

Air Partner: Appointment Of Kevin Macnaughton As Managing Director, Charter 2

PW Powered A319neo Makes Maiden Flight 3

AviaAM Leasing Had A One More Successful Year In 2018 4

Virgin Atlantic Airways Calls On Sr Technics Engineering For Complex Cabin.. 5

Emirates To Expand Reach In India With Spicejet Codeshare Partnership 6

Vietnam Airlines To List Its Shares On The Ho Chi Minh Stock Exchange On 7 May.. 8

Cardiff Aviation Wins Repeat TUI Maintenance Contract 9

Magellan Aerospace Secures Contracts For Engine Front Frames And Shafts 10 ExpressJet Airlines, A United Express Carrier, Takes Delivery Of First Of 25 New.. 11 RJ Revenues Up 3%, Cost Down By 6% In Q1 Of 2019 12 WNG Closes Aircraft Fund At $438 MLN 14 Allegiant Announces Gregory Anderson As EVP & Chief Financial Officer 16 Statement On 737 Max Disagree Alert 17 Le Premier A330neo D’aircalin Fait Son Apparition 18 PLC: Renewal Of Singapore Tax Incentive 20 Airbaltic To Start Codeshare Flights With SAS 21 Recaro Aircraft Seating Pulverizes Previous Records With 22 Percent Growth.. 22 CDB Aviation Receives Investment Grade Ratings From Moody’s, S&P Global And Fitch 24 Frontier Airlines’ Flight Attendants Ratify Five-Year Collective Bargaining Agreement 25 Air Lease Corporation Announces Delivery Of New Airbus A330-900Neo Aircraft With

LOS ANGELES, April 18, 2019 – Air Lease these new-technology aircraft contributes to Corporation (NYSE: AL; “ALC”) announced today the Air Mauritius’ objective to maintain the most delivery of one new Airbus A330-900neo aircraft modern and versatile aircraft to stay competitive on long-term lease to Air Mauritius. Featuring in the market.” “We are very pleased to introduce Rolls-Royce Trent 7000 engines, this Airbus aircraft the A330-900neo to Air Mauritius’ fleet,” said is the first of two A330-900neos to deliver to the Kishore Korde, Executive Vice President of Air airline from ALC’s order book with Airbus. “ALC is Lease Corporation. “This delivery marks the 25th delighted to announce the delivery of this first of anniversary of the ALC team’s leasing relationship two new A330-900neo aircraft with Air Mauritius,” with our friends at Air Mauritius and we look said Steven F. Udvar-Házy, Executive Chairman forward to a continued strong bond with the of Air Lease Corporation. “The investment in airline as it expands its fleet and route network.”

1 Air Partner: Appointment Of Kevin Macnaughton As Managing Director, Charter

Air Partner plc (“Air Partner”), the global aviation division as it seeks to drive innovation, upselling services group, is pleased to announce the and cross-selling all Group products and services appointment of Kevin Macnaughton as Managing across the organisation. Mark Briffa, CEO of Air Director, Charter, with immediate effect. Kevin is Partner, said: “I am very pleased to welcome responsible for the development of the Charter Kevin to Air Partner, he is a talented individual, division’s business strategy, and reports directly with admirable qualities that will add significant to Air Partner CEO Mark Briffa. Kevin brings with value to our senior team. His proven track him a wealth of experience in the aviation charter record of driving growth in customer-focused industry, both in the UK and overseas, having held businesses and delivering outstanding customer a number of senior roles at NetJets over a period of experiences is well suited to Air Partner as we 13 years. Most recently, he was Company Director, continue to invest in our Charter division. I’m Head of European Sales, leading the planning confident that Kevin’s strong industry expertise, and execution of the sales strategy. During his commercial background and international tenure, the company significantly increased its network of contacts will be a real asset to the sales and client retention across Europe. As part Group as we continue to grow.” Commenting on of the role, he worked across some of NetJets’ his appointment, Kevin Macnaughton said: “I’m key customer verticals, including HNWIs, business excited to be joining Air Partner as it continues executives and sports professionals. Kevin’s to expand its global reach, as evidenced by the appointment follows a number of other senior recent office openings in the US and Singapore. hires at Air Partner, as the company continues to I look forward to capitalising on Air Partner’s strengthen its senior management and expand reputation for excellence and deepening its global footprint. Kevin’s immediate focus will relationships with new and existing customers.” be on delivering organic growth in the Charter

2 PW Powered A319neo Makes Maiden Flight

Toulouse, 25th April 2019 – The last of the for that variant’s full certification test campaign A320neo variants, an Airbus A319neo test aircraft which began on March 31st, 2017 prior to FAA/ has completed its maiden flight powered by EASA certification in December 2018. The A319neo Pratt & Whitney GTF engines for the first time. is the smallest member of the A320neo family. The A319neo took off from Toulouse at 12:30 This family is the world’s best-selling single aisle and landed at 15:20. It was flown by a crew of aircraft, with over 6,500 orders from some 100 five including Captain Philippe Castaigns, First customers since its launch in 2010. It has pioneered Officer Shaun Wildey, flight test engineers Frank and incorporated the latest technologies, including Hohmeister, David O’Nions and the Test flight its new generation engines and the industry’s engineer Cedric Favrichon. The aircraft, MSN 6464, reference cabin design, delivering 20 percent fuel will perform an extensive flight test campaign cost per seat savings alone. The A320neo Family in order to achieve its certification with P&W also offers significant environmental benefits with GTF engines by Q4 2019. The same aircraft had nearly 50 percent reduction in noise footprint originally been powered with CFM LEAP-1A engines compared to previous generation aircraft.

3 AviaAM Leasing Had A One More Successful Year In 2018

AviaAM Leasing, one of the most efficient aircraft year the company together with its joint venture, leasing and trading companies around the globe, AviaAM Financial Leasing China acquired and earned EUR 49.3 million revenues (including net leased 14 brand new and mid-life aircraft and gain on sale of aircraft) and posted a record net completed 6 aircraft sale transactions with leases profit of EUR 29.1 million for the year ended 31 attached. The company cooperated with such December 2018. The net profit grew by 9% as airlines as Air Transat, Thomas Cook, , compared to 2017 (EUR 26.8 million). „This was a Aeroflot, OK Airways and others. Also, AviaAM successful year for our company. We focused on Financial Leasing China, a joint venture of AviaAM our strategic path in both the development and Leasing and Henan Civil Aviation Development and management of complex aircraft projects from Investment Company, attracted a new strategic acquisition to tailored reconfiguration and leasing partner – the world‘s largest insurance and finance solutions. Our joint venture in China expanded its group Ping An Insurance (Group) Company of fleet and attracted world-leading strategic partners. China. The current value of the joint venture’s This business prevalence allows us to operate even aircraft fleet reached almost 1 billion USD. faster in the current dynamic market, therefore we anticipate even better results in 2019,“ says Tadas Goberis, Chairman & CEO at AviaAM Leasing. Last

4 Virgin Atlantic Airways Calls On SR Technics Engineering For Complex Cabin Reconfiguration

SR Technics, a world leading MRO service provider, & Maintenance at Virgin Atlantic. “The contribution is pleased to announce a record-time completion of of SR Technics in delivering the full integration a complex cabin refurbishment on four Airbus 330- package including the STC was paramount to 200s for partner Virgin Atlantic Airways. In addition that success. They achieved this in extremely to a customized trolley stowage unit, the cabin challenging timeframes to a very high standard, reconfiguration introduced business class and and on cost. They led the programme working premium economy seating including IFE. Despite cohesively in conjunction with Virgin Atlantic, the tight deadline and the fact that the project the vendors and OEMs. In all, we are extremely took place during the busy holiday season, all pleased with the outcome and look forward to four aircraft were delivered on schedule between working with SR Technics on similar projects December 2018 and January 2019. Virgin Atlantic in the future.” “SR Technics’ Engineering team Airways has counted on SR Technics for aircraft have once again proven its’ ability to complete a maintenance services for nearly three decades. complex cabin reconfiguration STC with an on- Since 2004, it has also relied on the MRO provider time delivery of four Airbus A330-200s for Virgin for design organization and approvals, since SR Atlantic Airways. The customer’s quality-, time- Technics is renowned for its innovative cabin and budget-parameters were met due to strong reconfiguration services and its close work with team expertise and dedication,” said SR Technics customers from start to finish. “This has been a very Vice President Aircraft Engineering Randolph Odi. successful retrofit programme for Virgin Atlantic “We look forward to continuing our collaboration to improve our customer proposition on these with Virgin Atlantic Airways’ on future projects. aircraft,” said Rick Daniels, Head of Cabin Product

5 Emirates To Expand Reach In India With Spicejet Codeshare Partnership

India, 22 April 2019 – Emirates and SpiceJet have destinations in India. This includes increased signed a Memorandum of Understanding (MoU) domestic connectivity from Emirates’ nine Indian to enter into a reciprocal codeshare agreement, gateways to points such as Goa, Hubli, Guwahati, which is set to open new routes and destinations Vishakhapatnam and Tuticorin which would allow for passengers travelling between India and for a greater variety of travel options between popular destinations across Africa, America, both Emirates and SpiceJet flights. “Our journey in Europe and the Middle East. Subject to necessary India has been defined by progressive investment, government approvals, the partnership will partnership and growth. We constantly try to enable Emirates’ passengers to enjoy seamless improve and provide our customers with greater connectivity on flights to India, leveraging flexibility and travel choices. This partnership with SpiceJet’s strong domestic presence and adding SpiceJet and the mutual expansion of our network six new destinations: Amritsar, Jaipur, Pune, will go a long way in further enhancing the travel Mangalore, Madurai and Calicut - to the nine experience of our customers in India as well as existing cities in India served by Emirates. This those heading into India, benefiting travellers will bolster Emirates’ already-extensive network and businesses alike,” said Adnan Kazim, Emirates’ adding a total of 67 weekly connections between Divisional Senior Vice President, Strategic Planning, Emirates’ hub in Dubai to these six fast growing Revenue Optimization and Aeropolitical affairs.

6 Passengers travelling from India will have more destinations and travellers on these codeshare choice to travel seamlessly with minimum routes will be able to book connecting flights using connection times, when flying to destinations a single reservation. “I am delighted to announce in Emirates’ Europe network such as London, that as part of SpiceJet’s international expansion Paris, Frankfurt, Manchester and Amsterdam. The strategy, we have signed a MoU for a codeshare codeshare agreement will also open up flights agreement with Emirates. This new partnership for Indian travellers to North and South American should immensely benefit passengers travelling destinations such as New York, Washington, on both airlines. While SpiceJet passengers Toronto, and Sao Paulo as well as Middle Eastern from across India will be able to enjoy seamless destinations such as Jeddah, Kuwait and Amman, connectivity leveraging Emirates vast network operated by Emirates. SpiceJet passengers across Europe, Africa, America and the Middle travelling from Delhi, Mumbai, Ahmedabad, East those travelling to India on Emirates will Kochi, Amritsar, Jaipur, Pune, Mangalore, Madurai, be able to travel to 51 destinations across our Kozhikode and 41 other domestic destinations domestic network,” said Ajay Singh, Chairman and that the airline operates to, will be able to access Managing Director, SpiceJet. SpiceJet is India’s Emirates’ expansive network across the globe. second-largest airline in terms of domestic market Optimized scheduling will allow for minimal share. Founded in 2005, it now serves 51 cities transit times between India and these global in India and nine international destinations.

7 To List Its Shares On The Ho Chi Minh Stock Exchange On 7 May 2019

Hanoi, 2 May, 2019 – The Ho Chi Minh Stock VND 2.6 trillion of consolidated revenue and profit Exchange (HOSE) has just announced the listing respectively. In 2018, Vietnam Airlines reached a and the first trading day of more than 1.4 billion record consolidated revenue of nearly VND 100 shares of Vietnam Airlines (Vietnam Airlines ) with trillion. Profit before tax reached VND 3.3 trillion, stock code HVN. Specifically, HVN shares will be exceeding the planned figure of 23.4 per cent. officially listed on the HOSE from 7 May, 2019 with Financial indicators of Vietnam Airlines have reference price on the first trading day of VND improved significantly as The debt to equity ratio 40,600/share each with a fluctuation band of ± 20 is 2.58 at the end of 2018 and will be reduced to per cent. All HVN shares were removed from listing 2.41 by the end of 2019. The flag carrier continued on the UPCoM stock exchange on April 23, 2019. In its growth momentum in the first quarter of 2019, its last trading session on the UpCoM on 22 April, pocketing VND 26 trillion of consolidated revenue 2019, the stock price stood at VND 40,300/share, and VND 1.5 trillion of consolidated profit before nearly 1.5 times higher than the reference price tax, achieving 45 per cent of the yearly plan. of VND 28,000/share on the first trading day on 3 Vietnam Airlines’ revenue was estimated at VND January, 2017. Thanks to the increased number and 19.34 trillion, up 5.5 per cent over the same period value of listed shares, the market capitalisation and profit before tax reached more than VND 1.2 of Vietnam Airlines has surpassed VND 57 trillion, trillion, up 36.6 per cent over the same period. equivalent to USD 2.5 billion. Vietnam Airlines has Vietnam Airlines’ share listing on the HOSE is seen achieved remarkable growth after switching to a as an important event, showing its determination joint stock company in early 2015. In 2014, Vietnam to enhance long-term strategic vision and Airlines’ consolidated revenue was estimated at business efficiency, open up chances to access VND 69.4 trillion and profit after tax at VND 416 financial investors, promote the stock’s liquidity billion. 2017 saw the airline continue to boost and maximise shareholders’ investment value. further growth, achieving VND 83.6 trillion and

8 Cardiff Aviation Wins Repeat TUI Maintenance Contract

TUI Airways has chosen Cardiff Aviation for a TUI Airways selected Cardiff Aviation as an new aircraft maintenance pipeline, comprising outsourced maintenance provider, after being of 17 aircraft. Under the contract, TUI Airways, impressed with the MRO during a successful a leading leisure airline, will now put a series of trial in summer 2018 which saw the MRO carry Boeing 737-800s, 757s and a 767 through the St. out works including engine changes and end- Athan Maintenance, Repair and Overhaul (MRO) of-lease checks for a series of B737, 757 and 767 facility for a wide variety of engineering works. aircraft. A spokesperson for TUI Airways says: “We Cardiff Aviation’s skilled maintenance team will built up a good relationship with Cardiff Aviation conduct cabin reconfigurations and end-of- last summer when we needed extended MRO lease phase-out checks, along with engine and capacity on a flexible basis. The team at St. Athan landing gear replacements. Some of the aircraft were extremely accommodating and completed are returning from wet-lease with Canadian all work to budget. We are therefore confident airline Sunwing, and will undergo interchecks about placing an extended programme of inputs as well as cabin reconfiguration in readiness with them ready for our peak summer season.” for TUI Airways’ summer flying programme.

9 Magellan Aerospace Secures Contracts For Engine Front Frames And Shafts

Toronto, Ontario – 29 April 2019 -- Magellan to compete in a global market. In securing Aerospace Corporation (“Magellan”) announced these agreements, Magellan has demonstrated agreements today with an undisclosed customer the ability to meet the competitive demands for the supply of complex fabricated engine of cost, quality and performance expected by front frames for a commercial platform, to be the aerospace markets. Haydn Martin, Vice manufactured at Magellan’s facility in Winnipeg, President, Business Development, Marketing and Manitoba, Canada, and critical rotating engine Contracts for Magellan said, “This competitively shafts for a dual use platform, to be manufactured won business speaks to the reputation that at Magellan’s facility in Haverhill, Massachusetts, Magellan has built in the aerospace industry. USA. These contracts are valued at approximately The confidence that OEM customers have placed CDN $45 million and will be delivered starting in in Magellan is significant and demonstrates 2019 through 2022. Magellan has made significant our capability to offer our customers a investments in manufacturing technology and technologically advanced and reliable solution.” personnel at its facilities enhancing our ability

10 ExpressJet Airlines, A United Express Carrier, Takes Delivery Of First Of 25 New Embraer E175 Aircraft

ExpressJet Airlines, a United Express carrier, day a reality.” ExpressJet will take delivery of new this week took delivery of its first of 25 new E175s through the remainder of 2019. Houston’s Embraer E175 aircraft in a handover ceremony George Bush Intercontinental Airport (IAH) will at the Embraer factory and delivery center in serve as the airline’s first E175 base, with a second São José dos Campos, Brazil. “The delivery of our base location to be announced soon. To support first E175 represents a significant milestone in its E175 fleet growth, ExpressJet is hiring more ExpressJet’s growth as an exclusive United Express than 600 new pilots in 2019. Pilots who sign on carrier,” said Chairman and CEO Subodh Karnik. with ExpressJet can expect a quick selection “I want to express my gratitude to our partners process, an immediate class date, and to bid at Embraer and United Airlines as well as to the for flying within three months. Pilots interested ExpressJet (XJT) employees who have worked in signing on with ExpressJet should apply at tirelessly over the past six months to make this expressjet.com/pilots or airlineapps.com.

11 RJ Revenues Up 3%, Cost Down By 6% In Q1 Of 2019

Amman, April 30, 2019 – In its session held on year went up by 3% compared to those of 2018; April 28, Royal Jordanian’s Board of Directors, the company registered JD145.5 million revenue presided by Chairman Said Darwazeh, endorsed in 2019, against JD141.3 million in 2018. The the company’s audited financial results for the operating cost went down from JD131.2 million in first quarter of 2019, when RJ registered the best Q1 2018 to JD123.3 million in the same period of first quarter result since RJ’s establishment. The this year, down by 6%. The fuel bill also dropped first quarter each year is a time when usually by 5%. As a result of the higher revenue and the most airlines register seasonal losses due to cost reduction, the gross profit in Q1 of this year lower demand on travel. RJ figures show that the increased by 120% to become JD22.3 million; it was company’s total revenue in the first quarter of this JD10.1 million in the first three months of 2018.

12 This led to a drop in the net loss in the first quarter correspond with the recovery period of the second of 2019: JD5.2 million, compared to JD13.9 million and third quarters of the year. He pointed out in the same period of 2018 and JD26.3 million in that RJ results in Q1 of this year set a record: RJ 2017. President/CEO Stefan Pichler said in a press registered a 3% increase in revenues, 2% growth conference held at Royal Jordanian’s headquarters in passenger numbers, and a 62% reduction in today: “We are pleased with the financial results net losses, compared to the same period of last that reflect the continuous effort to increase year. Pichler stressed that Royal Jordanian will revenues and reduce operating costs year on continue to offer sales promotions throughout year and month on month.” Pichler stressed that the year, to encourage travel and attract more the main objective of the company is to maintain travelers, while striving to provide the best air sustainable profitability, a foremost pillar of the and ground services that would make travelers’ turnaround plan launched at the end of 2017. journeys and connections easier on the RJ route Pichler said that airlines, RJ included, usually network or on board aircraft of the oneworld record losses during the first and last quarters of airline members or code-share partners. the year, due to lower demand on travel, unlike the active summer and holiday seasons, which

13 WNG Closes Aircraft Fund At $438 MLN

WNG Capital LLC (“WNG” or the “Firm”), the Partner, said “We are gratified by the response to global aviation investment manager and lessor our WNG II fundraise. The strong demand for our of narrow body commercial aircraft, is pleased Fund in a competitive market illustrates the value to announce the final closing of WNG Aircraft proposition of WNG’s differentiated approach. Opportunities Fund II, L.P. (“WNG II” or the “Fund”), We seek to generate attractive returns for our with $438 million of capital commitments. WNG II investors through active management of narrow was oversubscribed with demand exceeding the body aircraft on shorter leases. We view our fundraising target of $300 million. WNG secured investors as partners in our business and want to commitments from a sophisticated group of thank them for their trust and confidence.” Since U.S. institutional investors, including public and the Firm’s inception in 2009, WNG has managed 60 corporate pension plans, endowments, foundations, aviation assets valued in excess of $800 million. and family offices. Michael Gangemi, Co-Managing

14 Continuing the value-creation strategy utilized maximizing value for our investors, while providing in the management of these prior investments, flexible solutions for our lessees. We are proud to WNG II is expected to primarily invest in mid- acknowledge the support we have received from life and older narrow body commercial aircraft leading institutional investors and look forward and aircraft-related assets manufactured by to building close and lasting relationships,” Boeing and Airbus. WNG is one of the most added Al Nigro, Co-Managing Partner. WNG II experienced lessors of older, narrow body aircraft, is expected to acquire approximately 40 to 60 and its model for value creation is based upon Boeing and Airbus narrow body aircraft with ages extensive technical expertise and deep industry ranging from 15 to 20+ years and remaining lease knowledge. “The team at WNG has an established terms of 12 to 48 months. As a result of WNG’s track record of managing older aircraft through strong pipeline, the Fund has already closed multiple market cycles. Our hands-on, operational on its first investment, signed a letter of intent approach requires deep technical knowledge, for a second deal, and has several proposals detailed contracts experience and strong risk outstanding for additional aircraft. MVision management skills. WNG professionals across the Private Equity Advisers acted as the exclusive technical, legal, marketing and analysis verticals strategic fundraising adviser for WNG. Kirkland operate collaboratively with the singular focus of & Ellis LLP acted as the Fund’s legal counsel.

15 Allegiant Announces Gregory Anderson As EVP & Chief Financial Officer

Allegiant (NASDAQ: ALGT) has announced that Allegiant’s accounting department in 2010, has Gregory Anderson has been appointed to serve served as the company’s senior vice president, as executive vice president and chief financial treasury since January, 2017. Prior to joining officer. He will also continue as the company’s Allegiant, he worked in corporate accounting principal accounting officer, a role he has served for U.S. Airways. A certified public accountant, since January, 2015. “Greg has been an exceptional Anderson previously worked in public accounting leader, and epitomizes the kind of dedication for the multinational professional services firm that not only makes our company successful, but Ernst & Young. He is a native of Las Vegas, Nevada. also attracts other talented team members,” said Anderson’s appointment became effective on Allegiant President John Redmond. “His financial April 23, 2019. Scott Sheldon, who has served experience and work ethic will serve Allegiant as Allegiant’s chief financial officer since 2010, and all our stakeholders well into the future as will continue to serve in his role of executive we continue to grow.” Anderson, who joined vice president and chief operating officer.

16 Boeing Statement On 737 Max Disagree Alert

We want to provide a response to several news operate the aircraft is provided in the flight deck stories yesterday and today reporting on the and on the flight deck display. This information disagree alert on the 737 MAX. Boeing included is readily accessible to pilots, and it always has the disagree alert as a standard feature on the been. The air speed, attitude, and altitude displays, MAX, although this alert has not been considered a together with the stick shaker, are the primary safety feature on airplanes and is not necessary for flight information indicators in the flight deck. the safe operation of the airplane. Boeing did not All recommended pilot actions, checklists, and intentionally or otherwise deactivate the disagree training are based upon these primary indicators, alert on its MAX airplanes. The disagree alert was not on the AOA disagree alert or the angle of intended to be a standard, stand-alone feature on attack indicator. As the MAX safely returns to the MAX airplanes. However, the disagree alert was not air after the software modifications are approved operable on all airplanes because the feature was and certified, all MAX production aircraft will have not activated as intended. The disagree alert was an activated and operable disagree alert and an tied or linked into the angle of attack indicator, optional angle of attack indicator. All customers which is an optional feature on the MAX. Unless an with previously delivered MAX airplanes will airline opted for the angle of attack indicator, the have the ability to activate the disagree alert per disagree alert was not operable. On every airplane a service bulletin to airlines. We are confident delivered to our customers, including the MAX, that when the MAX returns to the skies, it will all flight data and information needed to safely be one of the safest airplanes ever to fly.

17 Le Premier A330neo D’aircalin Fait Son Apparition

Paris, le 02 mai 2019 – Aircalin avait dévoilé le mois de l’appareil. Puis les systèmes électriques, dernier, la nouvelle configuration cabine et les mécaniques et de communication ont été mis en performances des 2 appareils A330neo qui vont place. Après l’assemblage de toutes les sections de bientôt rejoindre sa flotte. Aujourd’hui, le premier l’avion, la peinture de l’intégralité du fuselage et des 2 long-courriers A330neo commandés par des ailes a également constitué un travail essentiel Aircalin, identifié sous le numéro de série 1937 et de longue haleine. Aujourd’hui, ce sont les et qui sera immatriculé F-ONEO, est sorti de la cabines qui sont en cours d’aménagement… chaine d’assemblage (Final Assembly Line) des ateliers d’Airbus, à Toulouse. Pendant plusieurs mois, l’appareil a circulé de station en station. Les différentes sections ont été assemblées dans un ordre bien déterminé pour créer la structure

18 Quelques chiffres clés : Pas moins de 491 litres de en juillet 2019. À bord, la configuration cabine a peinture ont été nécessaires, sans oublier quelques été entièrement conçue pour offrir une nouvelle 120 litres de vernis, 7 couleurs différentes ont été expérience aux passagers. Les classes de voyage utilisées (blanc, bleu foncé, bleu moyen, bleu clair, ont été revisitées, inspirées des couleurs et des orange, jaune et gris), La peinture du fuselage et ambiances de la Nouvelle-Calédonie. Le littoral des ailes de l’appareil a nécessité 2 250 heures de en classe Business Hibiscus, le végétal en classe travail, 3 équipes de 24 techniciens pour la peinture Premium Economy, lagon et tradition en classe ont été mobilisées en rotation jour / soir / nuit. Economy. L’A330neo permet une réduction de la Pour ces deux nouveaux appareils, Aircalin a choisi consommation carburant de l’ordre de -14% par de reprendre la nouvelle livrée de la compagnie passager transporté. Grâce à un rayon d’action qui symbolise à la fois la tradition et la modernité supérieur à celle des A330 actuels, il va offrir à de la Nouvelle-Calédonie. Avec la représentation Aircalin la possibilité d’envisager l’ouverture de de motifs stylisés inspirés de l’art océanien et nouvelles lignes. Pour Aircalin, l’intégration cette des couleurs emblématiques du pays (camaïeu année de ces 2 nouveaux appareils A330neo de bleus inspiré du lagon calédonien, jaune et est une étape importante pour l’avenir de la orange de la flore et de la biodiversité), l’A330neo compagnie et la desserte aérienne internationale d’Aircalin est véritablement l’ambassadeur de de la Nouvelle-Calédonie. Celle-ci répond aux la Nouvelle-Calédonie et des Calédoniens. Pour ambitions de développement économique rappel, ce premier A330neo entrera en service et touristique de la Nouvelle-Calédonie.

19 Avation PLC: Renewal Of Singapore Tax Incentive

Avation PLC (LSE: AVAP), the commercial passenger provides for a concessionary tax rate on income aircraft leasing company, announces that its derived from aircraft and aircraft engine leasing main operating subsidiaries have been granted and exemption from withholding tax on qualifying a further 5-year tax incentive in Singapore loans. The 5-year renewal period for the incentive under the Aircraft Leasing Scheme. Avation’s commenced on 17 April 2019. Avation’s Executive headquarters are in Singapore and the majority of Chairman, Jeff Chatfield, said: “We are pleased the group’s operations will benefit from this tax to have successfully renewed our membership incentive, subject to meeting applicable terms of Singapore’s Aircraft Leasing Scheme which and conditions. The Aircraft Leasing Scheme provides substantial tax benefits to the group.”

20 Airbaltic To Start Codeshare Flights With SAS

Riga. The Latvian airline airBaltic has concluded for our travelers.” airBaltic will put its code BT a cooperation agreement, known as a codeshare on flights connecting Riga and Alesund, Bergen, agreement, with Scandinavian Airlines (SAS). The Stavanger, Tromso, Trondheim via such common airBaltic and SAS partnership will offer convenient gateways as Oslo and Copenhagen airport. SAS connections between Latvia, Scandinavia and will place its flight code SK on direct flights beyond. Martin Gauss, Chief Executive Officer of from Stockholm Arlanda, Copenhagen and Oslo airBaltic: “We are very pleased with this strong airports and vice versa, ensuring transportation cooperation. By expanding our partner network, between Scandinavian capitals and Riga, as well we are offering more convenient travel options as connecting traffic from SAS’s whole network to our passengers. Already this summer season and Riga via its three hubs. airBaltic serves over we are enabling passengers to choose from 70 destinations from Riga, Tallinn and Vilnius, more than 300 destinations with one stop by offering the largest variety of destinations and using airBaltic partner airlines.” Annelie Nässéen, convenient connections via Riga to its network Executive Vice President Sales & Marketing at spanning Europe, Scandinavia, the CIS and the SAS: “We see great benefit in this code-share Middle East. In summer season 2019, airBaltic has partnership agreement on a number of routes, launched new destinations from Riga to Dublin, providing better connections to and from Stuttgart and Lviv as well as to Kos and Menorca. Scandinavia with reciprocal frequent flyer benefits

21 Recaro Aircraft Seating Pulverizes Previous Records With 22 Percent Growth And Revenue Of Nearly €600 Million SCHWAEBISCH HALL, Germany, 24 April 2019 – other locations over the next five years. Opening Aircraft seat manufacturer Recaro grew its revenues cut2dress, a new dress cover site in Poland in with 22 percent to almost €600 million in 2018. November 2018, formed part of the space2grow With this result, the market leader in economy class project. The first dress covers produced by this new seats continues its more than 15 years of non- site are already in the air. Aiming to be an employer stop double-digit growth. The global passenger of choice, the success also enables investment in seat market grew approx. five percent per year staff and creation of additional positions. Recaro in that same period. The company’s phenomenal hired 430 new employees globally in 2018 which results enable increased investment in further brought the total number of staff to 2,600 people. growth and in the ambition to also become the In 2019 the company plans to increase the global market leader in business class. Dr. Mark Hiller, headcount to approx. 3,000. In Germany alone CEO and Shareholder of Recaro Aircraft Seating the aircraft seat manufacturer will hire more on the company’s recent financial results: “2018 than 100 employees. Driving Comfort in the sky was a tremendously successful year for Recaro. in economy, premium economy and business Over the past fifteen years we grew approximately class Recaro firmly stands by its vision of ‘driving 10% annually, twice the rate of the market. Last comfort in the sky’. By consistently focusing on year, however, we outperformed the industry product innovations that support both passengers four times and grew 22%. I am extremely happy and airliners, the seat manufacturer pushes to to say we pulverized all our previous revenue deliver unprecedented comfort throughout the records.” Reinvestment in further growth (and customer journey. The recent win of a Crystal business class) Recaro will invest ten percent of this Cabin Award for its “Sleeping Comfort in the Sky”, a extremely positive revenue back into the company holistic approach in the economy class long range, to fuel further growth. On the one hand this will underlines the success in realizing that vision. be utilized to ignite expansion in Germany and globally. On the other, it enables extra investment in research and development. This will help Recaro achieve its goal of – next to remaining market leader in the economy class segment - becoming the number one supplier in the business class seat market in the long run. To increase its footprint in the industry Recaro has also launched an ambitious space2grow project. This envisages expansion of the headquarters in Schwaebisch Hall and

22 23 CDB Aviation Receives Investment Grade Ratings From Moody’s, S&P Global And Fitch

DUBLIN – April 25, 2019 – CDB Aviation Lease Finance Designated Activity Company (“CDB Aviation”), a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today that the ‘big three’ global credit rating Aviation Chief Executive Officer Peter Chang. agencies have each assigned strong investment “These ratings acknowledge our strong position grade (“IG”) issuer credit ratings to CDB Aviation. and set the stage for the continued development This important milestone has been reached on of in-depth relationships with the world’s leading schedule, as part of CDB Aviation’s strategic effort banks and investors, while demonstrating our to transform its aircraft leasing platform into a continued commitment to a long-term growth global, best-in-class, full-service lessor. Moody’s strategy, despite the challenges and highly Investors Service (“Moody’s”) assigned its ‘A1’ competitive environment prevailing in the aviation local currency and foreign currency issuer ratings finance market.” Will Gramolt, CDB Aviation Chief with outlook stable. S&P Global Ratings (“S&P Financial Officer, commented: “The credit rating Global”) assigned its ‘A’ long-term issuer credit agencies’ endorsement of our aircraft leasing rating with outlook stable. Fitch Ratings (“Fitch”) platform is clear evidence of the strength of our assigned its long-term Issuer Default Rating shareholder, our business, our portfolio, and our (IDR) of ‘A+’ with outlook stable. Crédit Agricole highly experienced global team. We look forward Corporate and Investment Bank acted as CDB to capitalizing on the enhanced flexibility these Aviation’s Ratings advisor. “We are excited to have ratings bring in further diversifying our financing achieved our first-time issuer IG credit ratings as sources and investor base, and in maintaining the planned, aiding the growth and increasing the competitive cost of funds that is a vital part of our visibility of our world-class platform,” said CDB success as a leading global full-service lessor.”

24 Frontier Airlines’ Flight Attendants Ratify Five-Year Collective Bargaining Agreement

DENVER, CO – Low-fare carrier, Frontier Airlines and Executive Council, AFA and company negotiating its flight attendants, represented by the Association committees, as well as recognize the dedicated of Flight Attendants-CWA (AFA), announced the work of the National Mediation Board in achieving ratification of a new five-year collective bargaining this deal that provides our flight attendants with agreement today. Of the 88 percent of eligible the pay, retirement and work rule improvements flight attendants who voted, 94 percent cast ballots they deserve.” Within the past two and a half in favor of the agreement. “We are pleased that years, Frontier has successfully negotiated new our flight attendants have ratified this agreement,” collective bargaining agreements with all seven said Jake Filene, Senior Vice President, Customers of its union-represented employee groups. of Frontier Airlines. “I would like to thank our dedicated flight attendants, the AFA Master

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