Service to the World Our Focus Is on Engineuity™

ISSN 1718-7966 May 8, 2017/ VOL. 589

WEEKLY AVIATION HEADLINES Read by thousands of aviation professionals and technical decision-makers every week www.avitrader.com

WORLD NEWS Viva Aerobus selects Teledyne Controls Viva Aerobus, the leading low-cost airline in Mexico with one of the highest growth rates in Latin America, has chosen a new cloud-based Flight Data Analysis (FDA) service from Teledyne Controls to deliver essential flight data and actionable intelligence to take the expansion of its fleet and the mod- ernisation of its Airbus A320 aircraft to the next level. The service, which col- lates, analyses reports and presents information on an airline’s operation in a series of customisable dash- boards, allows for a faster and more Alitalia is once again effective identification of events. in trouble A320s reach AviaAM Financial Photo: Leasing China Eric Salard AviaAM Leasing, a Warsaw Stock Ex- change listed aircraft leasing compa- Flightpath to bankruptcy ny, announced that its joint venture Alitalia is up for sale with the Henan Civil Aviation Devel- opment and Investment Company Just three years ago Alitalia was said: “We have done all we could schedule remains unchanged. The (HNCA) – AviaAM Financial Leasing rescued from the doldrums of to support Alitalia, as a minor- new debt is expected to last for China – has acquired three newly- bankruptcy when UAE-carrier Eti- ity shareholder, but it is clear this around six months and the govern- built Airbus A320 aircraft which had bailed out the Italian airline af- business requires fundamental ment is unlikely to follow it with were delivered at Airbus facilities ter taking a 49% stake. Three years and far-reaching restructuring to any further cash. in Toulouse, France and Hamburg, on, Alitalia is back in trouble and survive and grow in future. Germany. All three aircraft came in its administration This buys time for 8 business and 150 economy seats confirming that the administrators configuration and in the livery of that the flag car- “Without the support of all stakeholders to explore the po- their first operator – Aeroflot – Rus- rier is now up for for that restructuring, we are not prepared tential, if any, to sian Airlines. The aircraft were deliv- sale which comes save Alitalia, in- ered to the airline under a 12-year as a blow to share- to continue to invest.” cluding looking for long operating lease agreement. holder Etihad. potential acquir- James Hogan, CEO Etihad Budapest Airport’s London ers. The Italian air- expansion with Flybe Last week Alitalia line’s long record Launching its fifth direct connection began bankruptcy proceedings for “Without the support of all stake- of losses, its multiple restructur- to London, Budapest Airport has the second time in a decade after holders for that restructuring, we ings and its administrations in the welcomed the inaugural flight of its employees rejected job cuts are not prepared to continue to past are likely to deter other air- Flybe’s three times weekly service to and concessions linked to a €2bn invest.” lines from investing. Alitalia has London Southend Airport. Expect- ($2.2bn) recapitalisation plan. long had a Lazarus-like ability to ing a 14% year-on-year increase in Shareholders voted unanimously A report by aviation analysts CAPA come back from the dead, but its UK passenger traffic, the Hungarian to file for administration. says the Italian state has now given workforce’s latest refusal to ac- gateway will serve up to 1.5 million Alitalia guarantees for a €600 mil- cept the need for change could be round-trip passengers to and from According to the BBC, James Ho- lion of bridging loans to keep it fly- the final nail in its coffin this time. the UK capital this year. gan, chief executive of Etihad, ing in the short term, and its flight Continued on page 3

SERVICE TO THE WORLD WWW.AVTRADE.COM OUR FOCUS IS ON ENGINEUITY™

When selecting an www.aeroset.co.ukengine maintenance provider for your CF6-80C2, CFM56-5B or your CFM56-7B, it is important to choose a partner that has a solutions-based focus. At GATES (GA Telesis Engine Services) we have 50 years of experience repairing and overhauling jet engines. It is our ENGINEUITY that has made us a world renowned engine MRO.

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Presumably they expect some form of government salvation. But estimate the ability of the Italian government to find a way to stitch even the government may have run out of patience. together another flawed rescue.

However, as a Bloomberg reporter reported, one should never under-

AIRCRAFT & ENGINE NEWS First fleet of H135s for French emergency medical services fully operational

AerCap signs lease agreement with Germania AerCap has signed a lease agreement for an Air- bus A319 with German carrier, Germania. The aircraft was delivered to the airline on April 19, 2017. The 2003-vintage aircraft was recently redelivered to AerCap from a South American customer.

DAE signs long-term lease for 10 ATR72-600 aircraft with India’s Alliance Air Dubai Aerospace Enterprise (DAE) has signed long-term lease agreements for 10 ATR 72-600 aircraft with Alliance Air, a wholly owned subsidiary of Air India. The aircraft are scheduled to deliver throughout 2017 and will be used to grow Alliance’s network and to serve underserved or unserved airports throughout India as part of the Indian Government’s focus on regional air access through the Regional Connectivity H135 French Emergency Medical Services (c) SAF Photo: Airbus Helicopters Scheme (RCS). Alliance Air is one of five airlines selected to serve routes under this scheme. Airbus Helicopters has completed deliveries of three H135s, the latest version of its family, for emergency medical services (EMS) operations by SAF Group. The first aircraft is already in -ser vice in Toulouse, while the second and third helicopters are destined to perform EMS missions in Alençon and Besançon. These helicopters are the very first H135s to be used in the EMS role Skyworld Aviation arranges sale of two in France. “We are very happy with the additional capabilities, including night flying, further ERJ 145 LR’s reduced sound levels, and increased payload, that the H135 is providing us for these critical Skyworld Aviation has sold two EASA ERJ 145 LR’s, missions.” said Christophe Rosset, CEO of SAF. “We require helicopters with a high level of reli- serial numbers 145564 (G-CIYW) and 145601 (G- ability and availability, always ready to transport critical patients 24/7 from an accident site or CIYX). The previous operator was AeroMexico from one hospital to another and the H135 meets our stringent requirements” he added. SAF Connect and both aircraft returned from lease to Hélicoptères operates seven days a week for all types of civilian rescue and protection opera- their European owner last year. The aircraft have tions, alongside safety services with a fleet of 40 Airbus helicopters, including 27 EC135s – an since been in a storage programme with GC Avia- earlier variant of the H135 family. tion Maintenance (GCAM) at Cotswold Airport in FLEET SUPPORT • ONLINE LEASING RESERVATIONS • LEASE MANAGED RETURNS • ONLINE LEASING RESERVATIONS • LEASE MANAGED RETURNS • EXCHANGE • AIRCRAFT & ENGINE TRADING • INSPECTIONS • PARTS & SPARES • SELL • AIRCRAFT & ENGINE LEASING • ENGINEENGINE POOLINGPOOLING PROGRAMSPROGRAMS • PARTS SALES • ENGINE LEASE RETURN MANAGEMENT • END-OF-LIFE SERVICES • LEASE • BUY • MAMATERIALTERIAL SOLUTIONSSOLUTIONS • ENGINE LEASE RETURN MANAGEMENT • AOG SOLUTIONS • BUY • FORECASTING • EXCHANGE • FLEETFLEET SUPPORSUPPORTT • ONLINE LEASING RESERVATIONS • LEASE MANAGED RETURNS • EXCHANGE • 24/7 SUPPORT • AIRCRAFTAIRCRAFT && ENGINEENGINE TRADINGTRADING • INSPECTIONS • PARTS & SPARES • AIRCRAFT & ENGINE LEASING • ENGINE POOLING PROGRAMS • SELL • PPARTSARTS SALESSALES • ENGINE LEASE RETURN MANAGEMENT • END-OF LIFE SERVICES • MATERIAL SOLUTIONS • ENGINEENGINE SHOPSHOP VISITVISIT MANAGEMENTMANAGEMENT •AAOGOG SOLUTIONSSOLUTIONS • FORECASTING • EXCHANGE • BUY • FLEET SUPPORT • ONLINE LEASING RESERVATIONS • LEASE MANAGED RETURNS • EXCHANGE • AIRCRAFT & ENGINE TRADING • 24/724/7 SUPPORTSUPPORT • BUY • INSPECTIONSINSPECTIONS •PARTS & SPARES • SELL • AIRCRAFT & ENGINE LEASING • ENGINE POOLING PROGRAMS • PARTS SALES • ENGINE LEASE RETURN MANAGEMENT • ONLINE LEASING RESERVATIONS • END-OF-LIFE SERVICES • MATERIAL SOLUTIONS • LEASE • ENGINE LEASE RETURN MANAGEMENT • AOG SOLUTIONS • BUY • FORECASTING • EXCHANGE • FLEET SUPPORT • LEASE MANAGED RETURNS • ONLINE LEASINGNotNot justjust RESERVATIONS aa leasingleasing • EXCHANGE companycompany • 24/7 SUPPORTanyanymore. more. • AIRCRAFT & ENGINE TRADING • INSPECTIONS • PARTS & SPARES • AIRCRAFT & ENGINE TRADING • SELL • ENGINE POOLING PROGRAMS • PARTS SALES • ENGINE LEASE RETURN MANAGEMENT • END-OF-LIFE SERVICES • BUY • MATERIAL SOLUTIONS • LEASE • ENGINEENGINE LEASELEASE RETURNRETURN MANAMANAGEMENTGEMENT • AOG SOLUTIONS • BUYBUY • FORECASTING • EXCHANGE • FLEET SUPPORT • ONLINE LEASING RESERVATIONS • LEASE MANAGED RETURNS • ENGINEENGINE STANDSSTANDS • 24/7 SUPPORT • AIRCRAFTAIRCRAFT && ENGINEENGINE LEASINGLEASING • INSPECTIONS • PARTS & SPARES • SELLSELL • AIRCRAFT & ENGINE LEASING •ENGINE POOLING PROGRAMS • PARTS SALES • ENGINE LEASE RETURN MANAGEMENT • FORECASTING • EXCHANGE • BUY • FLEET SUPPORT • ONLINEONLINE LEASINGLEASING RESERVATIONSRESERVATIONS • LEASE MANAGED RETURNS • AIRCRAFT & ENGINE TRADING • 24/7 SUPPORT • BUY • INSPECTIONS

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AIRCRAFT & ENGINE NEWS AviaAM Financial Leasing China introduces first three brand-new Airbus A320s into its fleet the UK, who recently obtained Part 145 approval for the type. GCAM brought both aircraft out of storage for return to service.

Jambojet selects Q400 for fleet renewal and expansion Ilyushin Finance (IFC) has converted an option on one Q400 aircraft to a firm order. The Moscow- based leasing company, now with two Q400s on firm order, has successfully concluded a leasing agreement with Jambojet of Kenya for both aircraft. Jambojet is expected to take delivery of the first leased Q400 aircraft in May 2017, and the second aircraft later this year. The delivery of these two aircraft will increase the fleet of Q Aeroflot takes delivery of three new A320s on lease from AviaAM Financial Leasing China Photo: AviaAM Series turboprops in Africa to over 120 aircraft including approximately 70 Q400 aircraft. AviaAM Leasing, a Warsaw Stock Exchange-listed aircraft leasing company, has reported that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has acquired three newly built Airbus A320 aircraft. All three aircraft came in eight business and 150 economy seat configuration and in the livery of their Avolon delivers one Airbus A321-200 to first operator – Aeroflot – Russian Airlines. The aircraft have already reached Russian flag- car VietJet rier’s base at Moscow’s Sheremetyevo airport. The aircraft were delivered to the airline under Avolon, the international aircraft leasing com- a 12-year-long operating lease agreement. The newly built aircraft were delivered as part of a pany, has delivered one Airbus A321-200 aircraft previously signed Memorandum of Understanding between AviaAM Financial Leasing China and to VietJet. This is the fourth Avolon aircraft on Aeroflot – Russian Airlines, covering the sale-and-leaseback of eight Airbus A320/A321 aircraft. lease to VietJet.

SAS finances seven Boeing 737s quarter 2016/2017. delivered between the first quarter of 2019 and SAS has completed financing of seven Boeing December 2021, with options for an additional 10 737s on April 28, which previously were owned aircraft to be delivered between 2020 and 2024. by the company. The financing is undertaken WestJet to purchase up to 20 Boeing 787- The airline also announced it has selected Gen- through a so called Japanese Operating Lease 9 Dreamliners eral Electric’s GEnx-1B engine for the 787. As part with Call Option (JOLCO). The transaction will WestJet has signed a definitive purchase agree- of this purchase agreement, WestJet is converting not have any earnings impact. The value of the ment with Boeing for up to 20 Boeing 787-9 15 firm orders for the Boeing 737 MAX that were transaction corresponds to US$101m and the Dreamliner aircraft. This agreement includes to be delivered between 2019 and 2021 to op- cash was transferred to SAS during the second commitments for 10 Boeing 787-9 aircraft to be tions available between 2022 and 2024.

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AIRCRAFT & ENGINE NEWS Beijing 999 signs agreement for first H145 for medical rescue and SAR missions in China AerCap signs lease agreement with Aus- trian Airlines for one 777 aircraft AerCap has signed a lease agreement for a Boe- ing 777-200ER with Austrian Airlines. The aircraft is scheduled to deliver in January 2018. Manufactured in 2001, the aircraft was operated by Aeromexico. AerCap President and Chief Commercial Officer Philip Scruggs said, “The 777 remains a work-horse of the industry. This transaction proves the continued demand for the aircraft type. We have leased 777-200ER to both scheduled flag carriers and leisure operators. The combination of size and performance makes the 777-200ER an ideal aircraft for Austrian Air- lines’ fleet requirements.”

Pratt & Whitney Canada produces Beijing 999 and Airbus Helicopters sign contract for one H145 helicopter Photo: Airbus Helicopters 100,000th engine Beijing 999 Emergency Rescue Center (Beijing 999), a subsidiary of Beijing Red Cross Founda- Pratt & Whitney Canada (P&WC) has, as testa- tion, has signed an agreement with Airbus Helicopters for the purchase of one H145, the first ment to P&WC’s longevity and leadership in the of its kind to be configured with a hoist for medical and search and rescue (SAR) in China. The global aerospace market, produced its 100,000th rotorcraft is scheduled for delivery by 2019. Beijing 999 currently operates two H135s, the engine this month.. P&WC has 60,000 in-service first fully-equipped air ambulance in the country, providing emergency medical services (EMS) engines operated by 12,300 customers in more around the Beijing, Tianjin, and Hebei regions in China. The new H145 will be the first in China than 200 countries and territories worldwide. Its equipped with both a hoist and a full medical interior, allowing it to perform either mountain engine families span across general aviation, re- rescue operations or long-range air ambulance transfer. It is also equipped with a weather gional turboprops, business aviation, civil helicop- radar and floats. Airbus Helicopters is a leading rotorcraft provider, holding a more than 60% ters and auxiliary power units (APUs), and total an market share worldwide in the EMS and SAR segment – with the H135 being one of the sec- impressive 730 million flight hours logged. tor’s reference helicopters alongside the company’s larger H145.

BOC Aviation takes delivery of 500th aircraft BOC Aviation has reported the delivery of its (VFS) company, for the consignment of Airbus Shores, along with existing manufacturing in 500th aircraft comprising aircraft manufactured and Boeing aircraft parts. The agreement covers Norton Shores and Muskegon). GE has already by Airbus and Boeing. The aircraft was an A320- an extensive list of new and serviceable aircraft hired nearly 90 new employees toward a goal 200 delivered to China Eastern Airlines at the end components, immediately available for global of 100 at this advanced manufacturing facil- of April. “This delivery is a significant milestone distribution. GA Telesis has managed hundreds ity, bringing the total to almost 800 employees in our fleet development,” said Robert Martin, of asset consignments for airlines and financial across the three buildings. GE announced plans Managing Director and Chief Executive Officer of institutions, returning over US$500,000,000 in to expand in Muskegon in 2016. The Michigan BOC Aviation. “It is testimony to the strength and net proceeds to asset owners. Economic Development Corporation encour- experience of our procurement team, our long- aged this expansion by providing a grant to GE standing relationships with original equipment for US$800,000. The City of Norton Shores also manufacturers and our airline customers over the provided a 50% property tax abatement to GE last 23 years. With an orderbook of 201 aircraft as GE Aviation opens new Brilliant Factory for a 12-year period. at March 31, 2017 and a record 79 aircraft sched- GE Aviation has reported the grand opening of uled for delivery in 2017, we are well placed to its US$14.5m Brilliant Factory in Muskegon – an build on this milestone and continue to grow our investment that will stimulate economic growth EDM to manufacture E170 door trainer fleet in the years ahead,” Mr. Martin added. in the region and where GE is using data and for S7 Airlines analytics to run its plants more efficiently. The new 35,000-ft² facility will manufacture parts for EDM, a leading global provider of training simu- MRO & PRODUCTION NEWS the GE90 engine and will perform development lators to the civil aviation and defense sectors, work for new programs as needed. The GE90 has won an order to manufacture an E170 Door on the Boeing 777 is one of the world’s most Trainer for S7 Airlines. The Door Trainer will be GA Telesis and Volvo Financial Services powerful jet engines, with about 2,500 engines used to train the airlines’ cabin crew in the pro- enter into consignment agreement for in service and more than 67 million flight hours. ficient use of the Embraer E170 exit door under Airbus and Boeing components The new facility expands GE Aviation’s footprint all normal, abnormal and emergency conditions. GA Telesis has entered into an agreement with in Muskegon to about 220,000-ft² total, includ- Features will include door arming and disarming, Volvo Aero Leasing, a Volvo Financial Services ing three buildings (the new facility in Norton emergency operation, emergency lights and door 7 WEEKLY AVIATION HEADLINES

MRO & PRODUCTION NEWS Jet Aviation completes and redelivers major refurbishment on Boeing B737 status indicators. Integrated door malfunctions include handle and door block, power assist failure and slide deployment failure. The Russian airline’s Training Instructors will be able to operate the door via an easy-to-use touchscreen Instruc- tor Operator Station (IOS) that simulates all the faults and malfunctions that may be encountered by the cabin crew under actual operational conditions. Designed and built to meet international regulatory standards, the Door Trainer will be positioned at operational height and fitted with a real slide to allow crew to be fully trained in slide safety and emergency procedures.

Rolls-Royce Control Systems extends Pat- tonair contract for expanded product portfolio The team of Jet Aviation Basel with a Boeing B737 Photo: Jet Aviation Pattonair, a leading global aerospace and de- Jet Aviation has redelivered a refurbished Boeing B737, which was completed in conjunction fense supply chain provider, has been awarded with a scheduled C-1 maintenance inspection. The BBJ1 had been out of service for a number a five-year extension to its contract with Rolls- of years before it was sold to the owner and subsequently refurbished. The same long-range Royce Control Systems (RRCS) to supply C-class Boeing Business Jet was also outfitted by Jet Aviation in 1999 – and happens to be the first parts to RRCS sites in Birmingham, UK. The con- BBJ Completions contract the company was ever awarded. The full interior refurbishment was tract extension grows Pattonair’s relationship completed without making any structural changes. Some of the wood marquetry was removed with RRCS, seeing Pattonair deliver an increased and replaced, such as that of the valances. All of the chairs, sidewalls and carpets were re- portfolio of products and the highest level of placed, and the entire exterior was repainted. In addition to the refurbishment, C-1 check and customer service. It also represents the latest general defect rectifications, the maintenance facility installed a new Rockwell Collins Venue success in Pattonair’s drive to expand its global Cabin Management System (CMS), activated Swift Broadband, upgraded the Future Aircraft presence through world-class service standards Navigation System (FANS) and configured ADS- B Out. It also improved the soundproofing us- and innovation. ing its new targeted sound prediction technology, and implemented a number of service bul- letins, including a Low Cabin Altitude modification.

PenAir renews three-year general terms agreement with C&L Aviation Group C&L Aviation Group has renewed its three-year SR Technics intends to grow Malta operations The parties intend to conclude their assess- aircraft maintenance support agreement with ments with an aim to sign the binding contracts PenAir to perform aircraft maintenance require- SR Technics, a world-leading MRO service pro- later this year. “We are excited to explore this ments on their fleet of Saab 340 aircraft. The vider, has signed a non-binding memorandum new opportunity with Malta Enterprise and Mal- contract includes heavy checks, aircraft painting, of understanding (MOU) between Malta Enter- ta Industrial Parks Limited to further develop our component repair, interior refurbishment, and prise and Malta Industrial Parks Limited in order presence in Malta,” said SR Technics CEO Jeremy other aircraft maintenance support services. to assess the possibility of expanding its current Remacha. “Malta offers an ideal location with C&L is a global aviation services and aftermarket- operations in Malta. As part of the MOU, Malta a suitable business environment and a highly support provider for regional and corporate air- Enterprise will assess the possibility of making skilled workforce to deliver our operations. We craft specializing in quality maintenance, aircraft land available at Malta International Airport for are assessing a possibility to build a modern refurbishment and remarketing, parts, sales and SR Technics to expand its facilities. SR Technics MRO facility which would allow us to significant- leasing, and has extensive experience working will assess the opportunity to enhance its cur- ly increase our capacity over the coming years.” with the Saab 340 aircraft. rent operations at Malta International Airport.

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Earnings after tax rose in line with operating profit, senior loan was arranged and underwritten by DVB FINANCIAL NEWS increasing by 21% to €111.0m (1-3/2016: €91.5m). Bank, and Mega Bank. Skyworks Capital was advi- The increase in MTU’s first-quarter revenues is sor to Air Canada. primarily due to strong growth in the commercial airberlin reports €781.9m loss for full year 2016 maintenance business, where revenues increased airberlin reported a net loss of €781.9m for 2016 by 37% to €588.4m (1-3/2016: €428.8m). Reve- compared to a net loss of €446.6m the previous nues in the commercial engine business increased Spirit AeroSystems reports first-quarter year. The airline reported revenues of €3.79bn, by 10%, from €556.0m to €611.4m. The V2500, 2017 financial results compared to revenues of €4.08bn in 2015. The de- the GEnx for the Boeing 787 and 747-8, and the Spirit’s first-quarter 2017 revenue was US$1.7bn, up crease in revenue in 2016 is due primarily to a ca- PW1100G-JM for the A320neo generated the by 1% compared to the same period of 2016, pri- pacity reduction of 4% and the decline in revenue greatest share of revenues in this business unit. marily driven by higher production deliveries on the per passenger (yield) by 3.8%. airberlin said the Revenues in the military engine business dropped Airbus A350 XWB, partially offset by lower produc- threat of terrorism in the Eastern Mediterranean by 33% from €124.5m to €82.9m. The EJ200 Eu- tion deliveries on the Boeing 777 program. Spirit’s region led to excess capacity and an associated rofighter engine was the main source of these backlog at the end of the first quarter of 2017 was fall in prices in the leisure sector. These factors im- revenues. MTU’s order backlog reached its highest- approximately US$46bn, with work packages on pacted negatively the business results of 2016. As a ever level of €14,344.9m at the end of March 2017 all commercial platforms in the Boeing and Airbus counter-measure, airberlin expanded its long-haul (Dec. 31, 2016: €14,172.2m). The majority of these backlog. Operating income for the first quarter of network, added more XL seats, introduced buy-on- orders relate to the V2500 and to the geared tur- 2017 was US$214m, compared to US$267m in the board and launched a new short-haul European bofan engines of the PW1000G family, foremost same period of 2016, primarily due to higher fa- business class product. Ancillary revenue grew by among them the PW1100G-JM for the A320neo. vorable changes in estimates recognized during the a significant 20 per cent in 2016. The necessary re- (€1.00 = US$1.09) first quarter of 2016, which were US$42m higher structuring costs of €334.8m for the transition to when compared to those recognized in the current the new airberlin saw the EBIT drop to €-667.1m period. Cash balance at the end of the quarter was in 2016 compared to the previous year. The provi- Leonardo reports higher orders and im- US$672m. The company’s US$650m revolving credit sions were made mainly for fleet harmonization to proved profitability in first quarter of 2017 facility remained undrawn at the end of the quarter. Airbus aircraft and staff, plus consulting services. For the first quarter of 2017 (1Q2017), Leonardo reported that new orders amounted to €2,647m, 3% higher than in the first quarter of 2016 (1Q2016). Mumtalakat invests in FAI Aviation Group Southwest posts first-quarter record The book-to-bill ratio reached 1.1 compared to 1 Bahrain Mumtalakat Holding Company (Mumta- operating revenues of US$4.9bn for the same period of 2016. The order backlog lakat), the sovereign wealth fund of the Kingdom amounted to €34,832m (+25% vs. March 2016). Southwest Airlines’ total operating revenues in- of Bahrain, has acquired a significant minority stake This is increasingly solid as it is built on a more creased 1.2%, year-over-year, to a first-quarter in Axtmann Aviation Holding GmbH, that operates rigorous selection of orders. The backlog ensures record US$4.9bn, driven largely by first-quarter FAI Aviation Group (FAI), a leading global provider almost three years of equivalent production. Rev- record passenger revenues of US$4.4bn. South- of mission-critical aviation services, offering fixed- enues amounted to €2,476m -2,4% vs. 1Q2016, west reported net income of US$351m, operating wing air ambulance, special missions, charter and mainly because of lower volumes in helicopters, income of US$658m and an operating margin of a i r c r a ft m a n a g e m e n t , a s w e l l a s f u l l M R O s e r v i c e s . and some negative GBP/€ forex effects. 13.5%. On a unit basis, operating revenues de- Founded in 1986, FAI operates from its base in Al- EBITDA amounted to €330m, +1.2% compared to clined 2.8% year-over-year, which was in line with brecht Dürer International airport in Nuremberg, €326m for1Q2016. Also, the EBITDA margin was the company’s expectations. Demand for South- Germany. With over 30 years of experience in higher at 13.3% compared to 12.9% for 1Q2016. west’s low fares remained strong and the fare business aviation, FAI is one of the largest General EBITA amounted to €187m, 14% higher than the environment remained competitive, resulting in a Aviation operators in Europe. A market leader in in- €164m for 1Q2016, mainly supported by Aeronaut- 2.6% decline in passenger revenue yield. Based on tercontinental air ambulance patient transport, FAI ics and Electronics, which more than offset lower current bookings and improved yield trends, the offers continuous worldwide air ambulance services Helicopters. RoS was at 7.6%, 110 bp higher than company expects positive year-over-year RASM in staffed with qualified medical personnel and state- the 6.5% for 1Q2016, mainly thanks to Electronics. second quarter 2017. of-the-art medical technology. Its aircraft fly more EBIT amounted to €155m, 15.7% higher than the than 13,000 flight hours annually and its clientele in- €134m for 1Q2016. Also, the EBIT margin, at 6.3%, clude the world´s leading insurance- and assistance increased by 100 bp compared to 5.3% for 1Q2016. Finnair Group reports first-quarter results companies, NGO´s and prominent health authori- Net Result before extraordinary transactions ties in the wider GCC region.Jefferies International Finnair Group reported that first-quarter revenues amounted to €78m, 39.3% higher than the €56m Limited acted as sell-side advisor on the transaction. increased 3.3% to €554.4 m. EBITDAR was €50.1m for 1Q2016 thanks to improved EBIT. Net Result The transaction is still subject to the approval of Cyp- compared to €36.4m the previous year. Net cash amounted to €78m, in absence of extraordinary riot and German Merger Control Authorities. flow from operating activities totalled €23.9m, transactions, 21.9% higher than the €64m for compared to €10.4m in 2016 and net cash flow 1Q2016, which benefitted from the capital gain on from investing activities amounted to €145.1m the disposal of FATA. (€1.00 = US$1.09 at time of compared to €-247.3m in 2016. (€1.00 = US$1.09) publication.) West Star Aviation acquires Dallas Aeronau- tical Services (DAS) West Star Aviation has announced its acquisition of FPG / DVB Bank / Mega Bank complete clos- MTU’s first quarter net earnings up 21% Dallas Aeronautical Services (DAS), a leading coming of JOLCO financing for Boeing 787-9 MTU Aero Engines AG saw its revenues increase posite, structures and assembly repair shop located by 15% to €1,261.3m in the first quarter of 2017 FPG / DVB / Mega Bank have successfully closed in Cedar Hill, TX. Founded in 2004 as an engineer- (1-3/2016: €1,097.9m). The group’s operating a JOLCO for a Boeing 787-9 which delivered to Air ing and design company to help repair stations find profit improved by 20% from €131.3m to €157.0m, Canada in February 2017. The equity was arranged new ways to repair composite components, DAS is pushing the EBIT margin up from 12.0% to 12.4%. by FPG AIM and underwritten by FPG in Japan. The a FAA/EASA Part 145 Repair Station providing ser- 9 WEEKLY AVIATION HEADLINES

adding five additional airlines to its customer base. anywhere on the planet and extends coverage to FINANCIAL NEWS The minimum future contracted rentals for its cur- include polar and all remote airspaces. rent and future fleet increased to US$24.0bn. ALC vice and support for corporate and commercial air- placed 91% of its order book on long-term leases Quantum Marketing Group, in partnership with craft operations, MROs and OEMs worldwide. DAS for aircraft delivering through 2019. As of March b2b-aero.com GmbH, are creating the aviation in- specializes in the overhaul, repair and testing of 31, 2017, ALC’s fleet was comprised of 243 owned dustry’s first smart INTEGRATED AIRCRAFT TEAR thrust reversers, control surfaces, radomes, engine aircraft, with a weighted-average age and remain- DOWN parts recycling program for aircraft disman- cowls, engine inlets, pylon and floor panels and all ing lease term of 3.7 years and 6.9 years, respec- tlement, airlines, overhauled and repair shops and composite components. DAS supports Bombardier, tively, and 31 managed aircraft. During the quarter MRO’s. The new patent-pending application will run Dassault, Gulfstream, Embraer, Piaggio, and Tex- ended March 31, 2017, the company took delivery on the OneAero-MRO platform providing part locat- tron components, as well as narrow-body Airbus, of 11 aircraft from its order book and sold five air- ing of tear down parts in a pre-sales system with Boeing commercial and VIP aircraft. “Our partner- craft from its operating lease portfolio. verification, certification, tracking, history, repair ship with DAS will help us cultivate our capabilities and overhaul methodology with the ability to match in composite repair services for our customers and airline fleet part utilization history. The system has help us continue as a true one-stop shop for main- all of the compliance and tracking via OneAero- tenance needs,” said Rodger Renaud, President M ilitary and Defence MRO’s platform including capability, MRO tracking a n d C h i e f O p e r a ti n g O ffi c e r, W e s t S t a r A v i a ti on. (that integrates into MRO and Airline ERP and EDI “DAS is going to continue to operate under our Boeing KC-46A Tanker joins flight test systems), fleet intelligence, part inventory search current brand while supplying composite repair ca- program and industry directory services. The goal is to have pabilities to West Star customers. We are looking tear down parts get to market faster and provide Boeing now has six aircraft in its KC-46 tanker forward to this partnership and growing alongside airline customers with a new tool to help find and test program, expanding its ability to complete them,” said Don Snodgrass, President, DAS. manage their aircraft parts requirements. Their goal ground and flight-test activities as it progresses is simple - to make locating, repairing and storing toward first deliveries to the U.S. Air Force. The aircraft parts in a proactive way rather than a reac- newest KC-46 aerial refueling aircraft, the second tive manner, to help airlines find, better manage and ATSG posts strong first-quarter revenue low-rate initial production plane, completed its have available tear down inventory faster, smarter, first flight on April 29. Its test activities will help less expensive, while making their jobs easier. Air Transport Services Group reported consolidat- ensure the KC-46 can safely operate through ed financial results for the quarter ended March electromagnetic fields produced by radars, radio Finnair and Finavia, together with Futurice, will 31, 2017. Revenues increased 34% US$237.9m. towers and other systems. test the use of face recognition technology for the Excluding revenues from reimbursable airline check-in process of Finnair flights at Helsinki -Air expenses, revenues increased 23%. Revenues port. During the test period taking place between from ATSG’s airline, maintenance, and logistics May 2 until May 23, the companies will gather in- businesses increased significantly. Earnings from OTHER NEWS formation on the applicability of face recognition Continuing Operations were US$9.8m, compared technology to the airport environment and the with US$8.2m a year earlier. These GAAP results Ryanair released April 2017 traffic statistics with a systems and processes used by the airline. Fin- include both dollar- and share-related effects of 14% increase in traffic as compared to April 2016. nair has invited a group of 1,000 frequent flyers to warrants issued in March 2016 to Amazon Fulfill- The load factor for April rose 3.0 points, to 96%. take part in the test. Finnair customers taking part ment Services, in connection with operating and in the test will use a test application to send their lease agreements. Adjusted Earnings from Contin- International Airlines Group traffic in April in- face portraits to the test system. When checking uing Operations, which exclude non-cash warrant- creased by 10.0% versus April 2016 and Group ca- in to their flights, customers will use a designated related adjustments, were US$11.2m, up 33%. pacity rose by 4.0% compared to the previous year. check-in desk, where the face recognition technol- Pre-tax earnings from continuing operations were Group load factor improved 4.5 points to 83.1% ogy will be installed. A customer service agent will US$16.1m, up 33%. Adjusted Pre-tax Earnings, compared to April 2016. then check the customer’s travel information and which exclude the warrant effects along with addi- indicate in the test system if the face recognition tional non-cash items, increased 6% to US$17.0m. Rockwell Collins has delivered its first Iridium ICS- was successful. Adjusted EBITDA increased 11% to US$57.0m. Cap- 300 SATCOM units to Boeing for its 737 MAX air- ital expenditures were US$83.8m, up 17%. craft. Available as a production line option and the Jeppesen, a Boeing Company, has teamed with Tel- only approved Iridium SATCOM solution on Boeing edyne Controls to integrate Jeppesen FliteDeck Pro platforms, the product provides long-range voice with Teledyne’s GroundLink Comm+ system with Air Lease Corporation’s first Quarter 2017 capabilities as well as data link communications Aircraft Interface Device (AID) functionality, known net income down 8.5% that improve operational efficiency. The ICS-300 is as GroundLink AID+. This will deliver greater data an advanced voice and data link communications connectivity for carriers using FliteDeck Pro, one Air Lease Corporation (ALC) has reported financial system that operates over the Iridium satellite of the leading electronic flight bag (EFB) solution r e s u l t s f o r t h e t h r e e m o n t h s e n d e d M a r c h 3 1 , 2 0 1 7 . network. With complete global coverage, reliable for airlines and large-scale operators. GroundLink Revenues for the quarter improved 4.9% to communications between the ground and aircraft AID+ technology from Teledyne will allow airlines to US$360.2m. Income before taxes dropped 7.0% enable improved routing and enhanced coordina- view real-time GPS-based, own-ship positioning on to US$133,878m. Net income for the first quar- tion between the flight crew and operations. “This navigational charts to increase situational aware- ter was down 8.5% to $84,937m compared to the solution offers Boeing 737 MAX customers a highly ness in flight. Specifically, this alliance between first quarter of 2016. Air Lease Corporation added reliable and cost-effective platform for all their -air Jeppesen and Teledyne allows airport charts, de- 11 aircraft with a cost of US$825.0m ending the craft operational communications needs wherever parture charts, enroute and weather maps and ar- quarter with US$12.6bn in aircraft with a weighted they may fly,” said Brian Pemberton, vice president rival charts in FliteDeck Pro to be quickly and easily average age of 3.7 years and a weighted average and general manager of Aviation for Iridium. The integrated with data from the aircraft’s existing on- lease term remaining of 6.9 years. The company Iridium constellation consists of 66 low-Earth- or board data systems to help enable the pilot to make signed 34 lease agreements and 19 letters of intent bit satellites, enabling real-time communications better informed decisions to increase operational 10 WEEKLY AVIATION HEADLINES

OTHER NEWS Recommended Events efficiency and improve safety margins.

Air France-KLM has selected Rockwell Collins to provide its visual systems for a new Boeing 787 Dreamliner simulator and upgrades to their existing flight training devices. The Rockwell Collins systems include the EP-8100 image generator, laser- Technical Aspects of a Leased Asset 2017 illuminated projectors, and a Panorama collimated May 15, 2017 – May 15, 2017, NH Berlin Friedrichstrasse, Berlin, Germany display. In addition to its new Boeing 787 Dream- Maintenance Reserves Training Seminar 2017 liner visual system, Air France will also upgrade the May 16, 2017 – May 16, 2017, NH Berlin Friedrichstrasse, Berlin, Germany projectors on four of its Boeing 777 simulators and an existing Airbus A320 simulator. Additionally, KLM 2017 ANNUAL SPRING CONSIGNMENT will also upgrade one Boeing 777 simulator with a June 16, 2017 – June 18, 2017, Yukon, Oklahoma Rockwell Collins EP-8100 and laser-illuminated pro- Engine Leasing Seminar 2017 jectors. The EP-8100 is the first image generator to September 12, 2017, Holiday Inn Kensington Forum, London offer an auto-generated, fully global 3-D feature Aircraft Asset Management Seminar 2017 populated model of the world which enhances re- September 13, 2017, Holiday Inn Kensington Forum, London alism during training. With these latest upgrades, all Boeing 777 simulators operated by Air France-KLM Engine Leasing Seminar, FL 2017 will be equipped with EP-8000 series image genera- September 19, 2017, Crowne Plaza, Fort Lauderdale, USA tors from Rockwell Collins.

Sabre Corporation the leading technology provider Click here for more aviation events to the global travel industry, has signed a new global distribution partnership with Scoot-Tiger Airways. This partnership is in line with Scoot-Tigerair’s vision (ULCC), which will launch late in 2017 or to bring affordable flight options and seamless cus- early 2018. Cummings will have accounta- tomer experience for passengers around the world. bility for all aspects of this new venture, in- With the market becoming more competitive as cluding planning, branding, pricing, product travel service providers adapt to the changing hab- development and operationalization. He its and behaviours of travellers, particularly around will also continue to drive other key strate- AviTrader Publications Corp. addressing the demand for low-cost flight options. gic initiatives for WestJet. He has been with Suite 305, South Tower Sabre’s technology will enable Scoot-Tigerair to WestJet since 2005, with almost 11 years at maximise its reach through the Sabre Travel Mar- 5811 Cooney Road the EVP level and with a variety of respon- ketplace, connecting them to more than 425,000 Richmond, BC sibilities. travel agents globally. This helps ensure that con- Canada V6X 3M1 sumers have access to the best possible deals avail- • ABX Air has appointed Captain John able while creating more revenue opportunities for Publisher the airline and travel agents. Effective May 2017, Maloney as the airline’s Vice President of Scoot-Tigerair’s fares and ancillary offerings will be Flight Operations, reporting to ABX Air Pres- Peter Jorssen available to Sabre travel agents globally. ident David Soaper. Maloney brings over Tel: +1 604 318 5207 25 years of commercial airline experience to the company. Most recently he served as President & Director of Flight Operations Editor INDUSTRY PEOPLE for Florida West International Airways. He Heike Tamm holds an Airline Transport Pilot certificate [email protected] • Thorsten Dirks took from the Federal Aviation Administration Tel: +34 (0) 971 612 130 office in Cologne as the (FAA). His experience includes over 6,000 new executive board hours of flight time. member of Lufthansa Advertising Inquiries and and CEO of Eurowings. • Ipeco, the aircraft crew and executive Customer Support He takes over from jet seating and galley insert specialist, has Jenny Falk Karl Ulrich Garnadt, opened Ipeco Singapore, its new customer who is retiring. Dirks service base for South-East Asia, Australasia [email protected] Thorsten Dirks was formerly CEO of and the Pacific Islands. Sam King joins the Tel: + 49 (0) 8761 346 007 telecommunications provider Telefónica new regional office as General Manager. He Deutschland. has worked in Singapore for several years For inquiries and comments, and brings with him valuable experience • WestJet has appointed Bob Cummings as of customer support management, having please email: Executive Vice-President, responsible for previously held senior regional positions [email protected] the yet-to-be-named ultra-low-cost carrier with AJW Aviation and AAR. Page 1 of 4 THE AIRCRAFT AND ENGINE MARKETPLACE May 8, 2017 Commercial Jet Aircraft Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email Phone A319-100 ORIX Aviation V2522-A5 2501 2005 Jun 2017 Lease Daniel Cunningham [email protected] +353 871774524 A319-100 Castlelake CFM56-5B6/P 1377 2000 Oct 2017 Sale / Lease Neil McCrossan [email protected] +44-207-190-6120 A319-100 Aerotask CFM56-5B6 4713 2011 Now ACMI Lease Robert Sitta [email protected] +97142500373 A319-112 World Star Aviation Services CFM56-5B 1429 Nov 2017 Lease Tommy Guttman [email protected] +972-544-220000 A320-200 FPG Amentum V2527-A5 3162 2007 Q1/2018 Sale / Lease Eoin Kirby [email protected] +353 16398125 A320-200 FPG Amentum V2527-A5 3316 2007 Q1/2018 Sale / Lease Eoin Kirby [email protected] +353 16398125 A320-200 Fortress Investment Group CFM56-5B4 1296 2000 Q2/2017 Sale / Lease Jeff Lewis [email protected] +1 ()(305) 833-0309 A320-200 ORIX Aviation V2527-A5 2680 2006 Oct 2017 Lease Oisin Riordan [email protected] +353 863 350 004 A321-231 Castlelake V2533-A5 1487 2001 Nov 2017 Lease Michael Hackett [email protected] +44-207-190-6120 A330-200 FPG Amentum PW4168A 943 2008 Q2/2018 Sale / Lease Eoin Kirby [email protected] +353 16398125 A330-200 FPG Amentum PW4168A 962 2008 Q2/2018 Sale / Lease Eoin Kirby [email protected] +353 16398125 A330-223 FPG Amentum PW4168A 979 2009 Now Sale / Lease Eoin Kirby [email protected] +353 16398125 A340-313 AerFin CFM56-5C4 157 1996 Now Sale / Lease R. Rosser [email protected] +442921676296 A340-313 AerFin CFM56-5C4 208 1998 Now Sale Robbie Robson [email protected] +44 (0) 7867488152 B737-300 World Star Aviation Services CFM56-3C1 28873 Now Lease Tommy Guttman [email protected] +972-544-220000 B737-300 World Star Aviation Services CFM56-3C1 29266 1999 Now Lease Tommy Guttman [email protected] +972-544-220000 B737-300 World Star Aviation Services CFM56-3C1 29267 1999 Now Lease Tommy Guttman [email protected] +972-544-220000 B737-400 World Star Aviation Services CFM56-3C1 24332 Now Lease Tommy Guttman [email protected] +972-544-220000 B737-400 Safair Operations Combi East Africa Now ACMI only C. Schoonderwoerd [email protected] +27 11 928 0000 B737-400 Aersale CFM56-3C1 25417 Now Sale / Lease Craig Wright [email protected] +1 305 764 3238 B737-400 Aersale CFM56-3C1 27149 1993 Now Sale / Lease Craig Wright [email protected] +1 305 764 3238 B737-800 ORIX Aviation CFM56-7B26 33973 2004 Jul 2017 Lease Daniel Cunningham [email protected] +353 871774524 B737-800 Fortress Investment Group CFM56-7B26 30160 2000 Q2/2017 Sale / Lease Jeff Lewis [email protected] +1 (305) 833-0309 B737-800 Fortress Investment Group CFM56-7B26 35075 2007 Q2/2017 Sale / Lease Jeff Lewis [email protected] +1 (305) 833-0309 B737-800 Aersale CFM56-7B26 32624 2001 Dec 2017 Sale / Lease Sally Browne [email protected] +353 86 021 4841 B737-800 GA Telesis CFM56-7B 28387 Now Sale / Lease Stefanie Jung [email protected] +1 954 676 3111 B737-800 GA Telesis CFM56-7B 28621 Now Sale / Lease Stefanie Jung [email protected] +1 954 676 3111 B737-800 GA Telesis CFM56-7B 29049 Now Sale / Lease Stefanie Jung [email protected] +1 954 676 3111 B737-800 GA Telesis CFM56-7B 28228 Now Sale / Lease Stefanie Jung [email protected] +1 954 676 3111 B747-400 Fortress Investment Group CF6-80C2B1F 32746 2003 Now Sale / Lease Jeff Lewis [email protected] +1 (305) 833-0309 B747-400 GA Telesis RB211-524 26637 1992 Now Sale Stefanie Jung [email protected] +1 954 676 3111 B747-400 GA Telesis PW4000 29950 2000 Now Sale Stuart Weinroth [email protected] +1 954 676 3111 B747-400 Jet Midwest PW4056-3 29906 1999 Now Sale / Lease Kevin Lee [email protected] +1-310-652-0296 B747-400BCF Jet Midwest PW4056-3 24226 1990 Now Sale / Lease Kevin Lee [email protected] +1-310-652-0296 B757-200F Aerolease RB211 22211 Jun 2017 Sale / Lease Tim Corley [email protected] +1 (360) 870-9172 B757-200F Aerolease RB211 22611 Apr 2017 Sale / Lease Tim Corley [email protected] +1 (360) 870-9172 B757-222 Bristol Associates PW2037 25157 1991 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000 B757-222 Bristol Associates PW2037 25322 1991 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000 B757-222 Bristol Associates PW2037 25396 1992 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000 B757-222 Bristol Associates PW2037 25398 1992 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000 B757-222 Bristol Associates PW2037 25698 1991 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000 B767-300ER Fortress Investment Group PW4062 30563 2000 Q3/2017 Sale / Lease Jeff Lewis [email protected] +1 (305) 833-0309 B777-200ER GA Telesis 28999 Now Sale Stefanie Jung [email protected] +1 954 676 3111 B777-200ER GA Telesis 28523 Now Sale Stefanie Jung [email protected] +1 954 676 3111 DC8 Aersale No engines 46094 1969 Now Sale Craig Wright [email protected] +1 305 764 3238

Regional Jet / Turboprop Aircraft Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email Phone ATR42-300 Regional One PW120 51 1987 Now Sale / Lease Chris Furlan [email protected] +1(305) 759-0670 Ext.164 ATR42-300 Regional One PW120 57 1987 Now Sale / Lease Chris Furlan [email protected] +1(305) 759-0670 Ext.164 ATR72-202 Cargo Texas Aviation PW124B 455 1995 Now Sale / Lease Fred Van Acker [email protected] +1 (214)-906-5635

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Regional Jet / Turboprop Aircraft (cont.) Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email Phone ATR72-500 Aerotask PW127F/M 761 2007 Now ACMI Lease Robert Sitta [email protected] +97142500373 ATR72-500 Castlelake PW127F 518 1998 Now Sale / Lease Neil McCrossan [email protected] +44-207-190-6120 CRJ-200ER Regional One CF34-3B1 7452 2000 Now Sale / Lease Chris Furlan [email protected] +1(305) 759-0670 Ext.164 CRJ700 Regional One CF34-8C5B1 10029 2001 Now Sale / Lease Chris Furlan [email protected] +1(305) 759-0670 Ext.164 CRJ-900LR Regional One CF34-8C5 15057 2005 Now Sale / Lease Chris Furlan [email protected] +1(305) 759-0670 Ext.164 DASH8-102 Magellan Aviation Group PW121 113 1988 Now Sale / Lease Bill Polyi [email protected] +1 (704) 504 9204 x202 DHC8-200 Castlelake PW121 447 1996 Now Sale / Lease Neil McCrossan [email protected] +44-207-190-6120 DHC8-311 Cas tllktlelake PW123 286 1991 Now SSlale /L/ Lease NNilMCeil McCrossan neil.mccrossan @cas tllktlelake.com +44- 207- 190- 6120 DASH8-311 Regional One PW121 230 1990 Now Sale / Lease Chris Furlan [email protected] +1(305) 759-0670 Ext.164 DASH8-311 Magellan Aviation Group PW123 266 1991 Now Sale / Lease Bill Polyi [email protected] +1 (704) 504 9204 x202 Dornier 328- Regional One PW306B 3145 2000 Now Sale / Lease Chris Furlan [email protected] +1(305) 759-0670 Ext.164 Dornier300 328- Regional One PW306B 3185 2001 Now Sale / Lease Chris Furlan [email protected] +1(305) 759-0670 Ext.164 ERJ-135ER300 Bristol Associates 145176 1999 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000 ERJ-135ER Bristol Associates 145186 1999 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000 ERJ-135ER Bristol Associates 145192 1999 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000 ERJ-135LR Bristol Associates AE3007-A1 145410 2001 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000 ERJ-135LR Bristol Associates AE3007-A1 145413 2001 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000 ERJ- 135LR Bristol Associates AE3007- A1 145504 2001 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202- 682- 4000 ERJ-145LR Bristol Associates AE3007-A1/3 145208 1999 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000 ERJ-145LR Bristol Associates AE3007-A1/3 145239 2000 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000 ERJ-145LR Bristol Associates AE3007-A1/3 145302 2000 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000 F100 Aerotask Tay 650-15 11498 1994 Now Sale Robert Sitta [email protected] +97142500373 Commerical Engines Multiple Types Sale / Lease Company Contact Email Phone Multiple Engines GE / CFM / RB211 Now - Sale / Lease GECAS Engine Leasing Sherry Riley [email protected] +1(513)782-4272 AE3007 Engines Sale / Lease Company Contact Email Phone (1) AE3007A1 Now - Sale / Lease Magellan Aviation Group Bill Polyi [email protected] +1 (704) 504 9204 x202 (3) AE3007A1P Now - Sale/Lease/Exch. Regional One Miguel Bolivar [email protected] +1 786-623-3936 (2) AE3007 Now - Sale GA Telesis Stefanie Jung [email protected] +1 954-958-1321 CF34 Engines Sale / Lease Company Contact Email Phone CF34-8E5 Now - Lease Lufthansa Technik AERO Alzey Kai Ebach [email protected] +49-6731-497-368 CF34-10E Now - Lease CF34-8C Now - Lease CF34-3B1 Now - Lease CF34-3A Now - Sale / Lease (2) CF34-8C5B1 Now - Sale / Lease Regional One Chris Furlan [email protected] +1(305) 759-0670 Ext.164 (1) CF34-3B1 Now - Sale / Lease (1) CF34-10E5A1 Now - Sale / Lease GA Telesis Eddo Weijer [email protected] +1-954-676-3111 (1) CF34-3B1 Now - Sale (1) CF34-8C5/B1 Now - Sale / Lease Magellan Aviation Group Bill Polyi [email protected] +1 (704) 504 9204 x202 CF34-8E(s) Now - Sale / Lease GECAS Engine Leasing Sherry Riley [email protected] +1 (513) 782-4272 (2) CF34-10E6 Now - Sale/Lease/Exch. Willis Lease Ann Lee [email protected] +1 (415) 408 4769 (1) CF34-3B1 Now - Lease David Desaulniers [email protected] +1 415 516 4837 CF6 Engines Sale / Lease Company Contact Email Phone (1) CF6-80C2B1F Now - Sale / Lease AerSale. Inc. Alan Kehoe [email protected] +353 879 393 534 (1) CF6-80C2A5 Now - Sale / Lease Alan Kehoe [email protected] +353 879 393 534 (1) CF6-80C2B6F Now - Sale / Lease Matthew White [email protected] +353 1475 3005 (1) CF6-80C2B7F NSl/LNow - Sale / Lease Ma tthew Whit ematthew.whit e@ aersa le.com +353 1475 3005 (2) CF6-80C2B5F Now - Lease Willis Lease Ann Lee [email protected] +1 (415) 408 4769 (1) CF6-80C2B7F Now - Sale / Lease Fortress Investment Group Tom McFarland [email protected] +1 305-520-2349 (1) CF6-80C2B6F Now - Sale / Lease (1) CF6-80C2B1F Now - Sale / Lease (1) CF6-80C2B7F Now - Sale GA Telesis Eddo Weijer [email protected] +1-954-676-3111 (5) CF6-80C2B1F Now - Sale [email protected] CFM56 Engines Sale / Lease Company Contact Email Phone (1) CFM56-3B2-A Now - Sale / Lease Royal Aero Frank Rustmeier [email protected] +49 (0)8025 99360 (2) CFM56-5B Now - Sale / Lease GA Telesis Eddo Weijer [email protected] +1-954-676-3111 (2) CFM56-7B26 Now - Sale

GECAS Engine Leasing

X � Engine Lease Finance Page 3 of 4 THE AIRCRAFT AND ENGINE MARKETPLACE May 8, 2017

Commerical Engines (cont.) CFM56 Engines Sale / Lease Company Contact Email Phone (2) CFM56-5C4 Now - Sale/Lease/Exch. TrueAero, LLC Ed Blyskal [email protected] +1 305-525-7308 (1) CFM56-5C4/P Now - Sale/Lease/Exch. (1) CFM56-7B27 Now - Lease Engine Lease Finance Declan Madigan [email protected] +353 61 291717 (1) CFM56-7B26 Now - Lease (1) CFM56-5B1/P Now - Lease (1) CFM56-5B4/3 Now - Lease (1) CFM56-5B6/4 Now - Lease (1) CFM56- 3B2 (SERV 2, 749CR) Now - Sale Texas Aviation Group Fred Van Acker fred@txavgroup. com +1 (214)-906 - 5635 (2) CFM56-5B5/P Now - Sale/Lease/Exch. Avioserv San Diego Inc David Strockbine [email protected] +1.858.997.8702 (2) CFM56-5C4/P Now - Sale / Lease Castlelake Neil McCrossan [email protected] +44-207-190-6119 (1) CFM56-7B27/3B1F Now - Sale/Lease/Exch. AerSale. Inc. Alan Kehoe [email protected] +353 879 393 534 (1) CFM56-5B1/3 Now - Sale / Lease (1) CFM56-3C1 Now - Sale / Lease (2) CFM56-5A Now - Sale GECAS Engine Leasing Sherry Riley [email protected] +1(513)782-4272 (1) CFM56-5C4 Now - Sale / Lease Magellan Aviation Group Bill Polyi [email protected] +1 (704) 504 9204 x202 (2) CFM56-5C4/P Now - Sale / Lease Castlelake Neil McCrossan [email protected] +44-207-190-6119 (2) CFM56-3C1 Now - Sale / Exchange CFM Materials Jimmy Hill [email protected] +1 214-988-6670 (()2) CFM56-5B6 Now - Sale / Exchange (1) CFM56-7B20 Now - Sale / Exchange (1) CFM56-7B27 Now - Sale / Exchange (1) CFM56-5B4/P Now - Sale / Exchange (1) CFM56-7B22 Now - Sale / Lease Fortress Investment Group Tom McFarland [email protected] +1 305-520-2349 (1) CFM56-3B2 Now - Sale / Lease (1) CFM56-7B24 Now - Sale / Lease (1) CFM56-7B26 Now - Sale / Lease (1) CFM56-7B27 Now - Sale / Lease (1) CFM56-3C1 Now - Sale / Lease (1) CFM56-7B Now - Sale/Lease/Exch. AerFin R. Rosser +442921676296 (2) CFM56-5C3/F4 Now - Sale/Lease/Exch. (7) CFM56-5C4 Now - Sale/Lease/Exch. (3) CFM56-7B-24 Now - Sale/Lease/Exch. (1) CFM56-7B-26 Now - Sale/Lease/Exch. (1) CFM56-5B Now - Sale/Lease/Exch. Werner Aero Services Cliff Topham [email protected] +1-703-402-7430 (1) CFM56-7B Now - Sale/Lease/Exch. (1) CFM56-7B26 Now - Lease Willis Lease Ann Lee [email protected] +1 (415) 408 4769 (2) CFM56-5B4/3 Now - Lease (1) CFM56-7B27E Now - Lease (3) CFM56-5C4 Now - Lease (1) CFM56-7B26/3 Now - Lease (1) CFM56-5B4/P Now - Lease (2) CFM56-7B24/3 Now - Lease JT8D and JT9D Engines Sale / Lease Company Contact Email Phone (1) JT8D-219 Now - Sale Azure Resources Jeffrey Young [email protected] +1-954-796-8158 (1) JT9D-7R4D-E Now - Sale/Lease Jet Midwest Kevin Lee [email protected] +1-310-652-0296 (1) JT8D-219 Now - Sale GA Telesis Robert Huffman [email protected] +1 954 676 3111 PW Small Engines Sale / Lease Company Contact Email Phone (1) PW121 (Dash 8) Now - Sale / Lease Magellan Aviation Group Bill Polyi [email protected] +1 (704) 504 9204 x202 (1) PW123B/D/E Now - Sale / Lease (1) PW124B Now - Sale / Lease (1) PW121 (ATR) Now - Sale / Lease (1) PW127E/F/M Now - Sale / Lease (1) PW150A Now - Sale / Lease (2) PW121 (ATR) Now - Sale/Lease/Exch. Willis Lease David Desaulniers [email protected] +1 415 516 4837 (2) PW121-8 Now - Sale/Lease/Exch. (1) PW123 Now - Sale/Lease/Exch. (1) PW127 Now - Sale/Lease/Exch. (2) PW150A Now - Sale/Lease/Exch. (1) PW127M Now - Sale/Lease/Exch. (2) PW127F NSl/L/EhNow - Sale/Lease/Exch. (2) PW124B Now - Sale/Lease/Exch. (1) PW120A Now - Sale / Lease Regional One Chris Furlan [email protected] +1(305) 759-0670 Ext.164 (1) PW120 Now - Sale/Lease/Exch. Miguel Bolivar [email protected] +1 (786)-623-3936 (1) PW123E Now - Sale/Lease/Exch. Miguel Bolivar [email protected] +1 (786)-623-3936 (4) PW126 Now - Sale/Lease/Exch. Miguel Bolivar [email protected] +1 (786)-623-3936 (1) PW121 Now - Sale/Lease/Exch. Miguel Bolivar [email protected] +1 (786)-623-3936 PW119B RGB Now - Lease Lufthansa Technik AERO Alzey Kai Ebach [email protected] +49-6731-497-368 PW119B Now - Lease PW120A Now - Lease PW121 (ATR) Now - Lease PW124B Now - Lease PW123B Now - Lease Page 4 of 4 THE AIRCRAFT AND ENGINE MARKETPLACE May 8, 2017

Commerical Engines (cont.) PW127M Now - Lease Lufthansa Technik AERO Alzey Kai Ebach [email protected] +49-6731-497-368 PW125B Now - Lease PW127F Now - Lease PW150A Now - Lease PW150 GRB Now - Lease (1) PW120A Now - Sale / Lease Castlelake Neil McCrossan [email protected] +44-207-190-6119 (1) PW121 Now - Sale / Lease Royal Aero Frank Rustmeier [email protected] +49 (0)8025 99360 PW2000 Engines Sale / Lease Company Contact Email Phone (1) PW2037M Now - Sale / Lease Fortress Investment Group Tom McFarland [email protected] +1 305-520-2349 (1) PW2040 Now - Sale / Lease PW4000 Engines Sale / Lease Company Contact Email Phone (2) PW4056-1 Now - Sale/Lease/Exch. GA Telesis Eddo Weijer [email protected] +1-954-676-3111 (1) PW4056-3 Now - Sale / Lease Magellan Aviation Group Bill Polyi [email protected] +1 (704) 504 9204 x202 (4) PW4056-3 Now - Sale/Lease/Exch. Regional One Miguel Bolivar [email protected] +1 786-623-3936 (1) PW4056-3 Now - Sale/Lease Jet Midwest Kevin Lee [email protected] +1-310-652-0296 (1) PW4060-3 Now - Sale / Lease AeroTurbine Todd Power [email protected] +1 (214) 240-1145 (1) PW4158-1C/1E Now - Sale 3TOP Aviation Services Paul Dsilva [email protected] +44 1372 587 872 (multi rated for PW4156A - 1C/1E & PW4152- 1C/1E) (1) PW4062-3 Now - Lease Willis Lease Ann Lee [email protected] +1 (415) 408 4769 (1) PW4056-3 Now - Sale / Lease Fortress Investment Group Tom McFarland [email protected] +1 305-520-2349 (1) PW4060-3 Now - Sale / Lease AerSale. Inc. Matthew White [email protected] +353 1475 3005 (1) PW4158-3 Now - Sale / Lease Matthew White [email protected] +353 1475 3005 (1) PW4062-3 Now - Sale / Lease Matthew White [email protected] +353 1475 3005 (1) PW4056-3 Now - Sale / Lease Alan Kehoe [email protected] +353 879 393 534 (1) PW4060-3 Now - Sale / Lease Royal Aero Frank Rustmeier [email protected] +49 (0)8025 99360 RB211 Engines Sale / Lease Company Contact Email Phone (()1) RB211-535E4 Now - Sale / Lease Fortress Investment Group Tom McFarland [email protected] +1 305-520-2349 (1) RB211-535 Now - Sale/Lease Jet Midwest Dave Williams [email protected] +1-817-791-4930 (1) RB211-535E4 Now - Sale / Lease AerSale. Inc. Matthew White [email protected] +353 1475 3005 (1) RB211-524 Now - Sale / Lease (1) RB211-535E4 Now - Sale World Star Aviation Services Sean O Connor [email protected] +1 415-956-9456 Tay Engines Sale / Lease Company Contact Email Phone (4) Tay 650-15 Now - Sale / Lease Aerotask Robert Sitta [email protected] +97142500373 Trent Engines Sale / Lease Company Contact Email Phone (3) Trent 800 Now - Sale GA Telesis Eddo Weijer [email protected] +1-954-676-3111 (1)Trent 884 Now - Sale/Lease/Exch. AerSale. Inc. Matthew White [email protected] +353 1475 3005 (1) Trent 772B Now - Sale/Lease/Exch. Rolls-Royce & Partners Finance Bobby Janagan [email protected] +44 20 7227 9078 V2500 Engines Sale / Lease Company Contact Email Phone 1) V2533-A5 w/QEC Now - Sale/Lease/Exch. Rolls-Royce & Partners Finance Bobby Janagan [email protected] +44 20 7227 9078 (1) V2527E-A5 Now - Sale / Lease Fortress Investment Group Tom McFarland [email protected] +1 305-520-2349 (1) V2533-A5 Now - Sale/Lease/Exch. Werner Aero Services Cliff Topham [email protected] +1-703-402-7430 Aircraft and Engine Parts, Components and Misc. Equipment Description Company Contact Email Phone (5) A340 fresh part outs Now - Sale TrueAero, LLC Dan Barton/Dave Walters [email protected] +1 772-925-8026 A320 Landing Gear with Fresh Tags Now - Sale A340 Landing Gear Now - Sale CTCP331-350C (4) PN 3800454-6 Now - Sale GTCP36-300A, PN 3800278-4 Now - Sale (1) GTCP36-150RJ, (2) GTCP36-100M, Now - Sale/Lease/Exch. Regional One Miguel Bolivar [email protected] +1 (786)-623-3936 (1) RE220RJ, (1) PW126 RGB, (1) PW901A (1) APS1000-C12, (1) APS1000-C3 GTCP131-9A (2), GTCP131-9B(2) Now - Lease REVIMA APU Olivier Hy [email protected] +33(0)235563515 GTCP331-200, GTCP331-250 Now - Lease APS500C14(3), APS1000C12(2), APS2000 Now - Lease APS2300, APS3200(2), APS5000(2) Now - Lease PW901A(4), PW901C(2) Now - Sale / Lease TSCP700-4E Now - Sale APS 2000, PW901A Now - Sale/Lease/Exchange AerSale. Inc. Alan Kehoe [email protected] +353 879 393 534 APU GTCP 331-9B Now - Lease Willis Lease Ann Lee [email protected] +1 (415) 408 4769 (2) GTCP131-9B, (2) GTCP131-9A Now - Sale / Lease GA Telesis Dave Dicken [email protected] +1 954-676-3111 B737-400 main landing gears, with 2015 tags World Star Aviation Services Tommy Guttman [email protected] +972-544-22000 GTCP131-9B Now - Sale / Loan Avtrade Alex Eales [email protected] +44 (0) 1273 833330 767-300ER 413K LANDING GEAR Now - Sale Azure Resources Jeffrey Young [email protected] +1-954-796-8158 737-300/400 LANDING GEAR CFM56-3 MODULES Engine stands: TRENT 800, CFM56 National Aero Stands [email protected] + 1 305-558-8973 V2500 / PW2000 / PW4000 94” & 100” GTCP131-9A, GTCP 131-9B Now - Sale / Lease Werner Aero Services Julien Levy [email protected] +1 201-674-9999 GTCP36-300A, 737-800 Winglets Now - Sale / Lease 737-700 & 737-800 Landing Gear Now - Sale / Lease 737-800 NOSE LANDING GEAR PN 162A1100-5, OH - Now Sale Reliance Aircraft Terry Hix [email protected] +1 512-439-6988 767-300 Winglets, LH-RH P/N 767-0010-7 & -8 (2) PW901A, (1) PW901C(1), PW125B RGB Now - Lease Lufthansa Technik AERO Alzey Kai Ebach [email protected] +49-6731-497-368