June-2018 CONTENTS

Complete landing gear change for Emirates A380 aircraft 2 Jet aviation signs Boeing 787 completions contract 3 EBACE 29-31 may 2018 Geneva 4 Volotea targets an IPO in by 2021 8 Airways adds maiden aircraft ahead of July 2018 launch 9 Emirates announces start of scheduled a380 service into Hamburg 10 ACJ debuts harmony cabin concept for VIP widebodies 12 Lufthansa Technik has become an approved ACJ350 XWB outfitting center 14 Boutique Air announces codeshare partnership with United Airlines 15 McCann FitzGerald expands New York office 16 Satair makes strategic investment to boost UK operations 17 Germania looks forward to improving efficiency with the A320neo 18 AirBaltic orders up to 60 aircraft for significant breakthrough of development 29 20

EMIRATES ENGINEERING EXECUTES FIRST COMPLETE LANDING GEAR CHANGE FOR EMIRATES A380 AIRCRAFT

Emirates Engineering has two under the body, and one landing gear mechanism of successfully accomplished the nose landing gear, the work the aircraft includes the gear first complete replacement of was planned and executed extension and retraction systems, landing gear on A6-EDF, the first in-house, at the Emirates braking and steering controls, Emirates Airbus A380 aircraft Engineering hangars in Dubai. and other monitoring systems. to have its entire landing gear The landing gear of the world’s system replaced at one time. Every Emirates Airbus A380 aircraft largest commercial aircraft has a landing gear system with can support a weight of close Comprising five sets of landing a total of 22 landing wheels. to 570 tonnes on take-off and gear - two under the wings, In addition to the wheels, the over 390 tonnes on landing.

2 The process of changing all the preparation and expertise that go Airbus, Field International, UTAS landing gears was completed in 14 behind the successful execution and Safran to plan and execute days with the Emirates Engineering of complex projects such as this the landing gear replacement. team clocking thousands of man one,” said Mohammad Jaffar Nasser, hours during this period. For the Emirates Senior Vice President, Emirates Engineering operates duration of the work, the entire Engineering Maintenance. “By modern and extensive facilities aircraft was lifted on jacks to extending our services to third in Dubai, including six heavy support the body of the aircraft. party airlines, we share our maintenance hangars capable of expertise and enhance engineering conducting C-Checks on the Airbus Watch a video of the procedures globally,” he added. A 380 and the world’s largest Emirates Engineering team dedicated aircraft painting facility, completing the landing gear Two additional Airbus A380 aircraft to maintain Emirates’ fleet of over replacement on A6-EDF. from Emirates’ fleet are scheduled 260 Airbus A380 and Boeing 777 to undergo a complete change aircraft. Emirates Engineering “The first complete replacement of landing gear systems over also offers Maintenance, Repair of landing gears on our Airbus 2018. In addition to investments and Overhaul (MRO) services to A380 aircraft is an important in infrastructure and facilities external parties leveraging off its milestone for us. This and other including specialised tools, the experience of being the world’s similar achievements by the Emirates Engineering team worked largest operator of the Airbus Emirates Engineering team closely with a team of suppliers – A380 and the Boeing 777 aircraft. reflects the degree of planning,

3 JET AVIATION SIGNS BOEING 787 COMPLETIONS CONTRACT

Jet Aviation is pleased to fiber aircraft such as the president global completions. announce it has signed another B787 to ensure it can offer “Our commitment to research Boeing 787 completions contract. customers world-leading and development into the new In 2015, Jet Aviation was the first expertise and equipment generation composite airframes company to take delivery of a specifically formulated for places us in an excellent B787-9 for interior completions. the demands of a composite position to create a finished airframe. With innovative interior that is truly VVIP and Since 2013, Jet Aviation has proprietary technology, Jet represents the latest in aviation dedicated significant research Aviation can integrate a cabin technology for business aircraft.” and development into carbon onto a B787 without modifying Jet Aviation has completed 28 the fuselage, avoiding time- Boeing aircraft since 1998. consuming and costly repairs. GA Telesis engine services “We are delighted to appoints Sergey Moryakov, receive our second B787 vice president of sales completion project and customer service into Basel,” says Neil Boyle, Leading engine MRO, GA Telesis senior vice Engine Services Oy (“GATES”) announced the appointment of Sergey Moryakov as the Vice President of Sales and Customer Service. Headquartered in Helsinki, Finland, Sergey

4 will manage the global sales business development, customer background of maintenance team and network, and he and product support, and and airline operations coupled will also be responsible for engineering and maintenance. with his OEM experience will all marketing campaigns. enhance our technical and In addition to developing commercial processes,” said Basil Mr. Moryakov has broad technical existing and new customer Papayoti, President of GATES. expertise and knowledge relationships for GATES, Sergey “Further, Sergey complements pertaining to the sale of engine will be responsible for regional the leadership team and adds services, specifically in Russia development of integrated an additional prospective which and the CIS regions. He joins solutions for GA Telesis (“GAT”) will contribute significantly to GATES from GE Aviation, where global customers who desire the GA Telesis ecosystem.” he served as their Regional engine maintenance Sales Director for Engine Sales utilizing OEM standards and MRO Services. He is a six- and genuine sigma certified green belt and OEM parts. has 20 years of experience “Sergey’s in sales of complex products diverse and services solutions, fleet and account management,

5 EBACE 29-31 MAY 2018 GENEVA

Business Aviation Association (NBAA), the leading voice for the business aviation industry in the United States. Although EBACE is the only major European event focused solely on business aviation, attendees come from as far as Africa, Asia, the Middle East and North and South America.

The impressive exhibition takes About EBACE The European firms, fractional providers, charter/ place over the course of three days Business Aviation Convention lease companies and all manner at the magnificent Palexpo, which & Exhibition (EBACE) is a of people involved in nearly every is strategically located within 10 premier event and the annual aspect of business aviation. minutes of the center of Geneva, meeting place for the European and is immediately adjacent to the business aviation community. EBACE is jointly hosted each year EBACE Static Display of Aircraft at The exhibition brings together by the European Business Aviation the Geneva International Airport, business leaders, government Association (EBAA), the leading a railway station and a motorway. officials, manufacturers, flight association for business aviation department personnel, avionics in Europe, and the National

6 Palexpo: Features of EBACE FUTURE DATES Route François-Peyrot 30, include: • EBACE2018 • 29-31 May 1218 Le Grand-Saconnex, Over 400 exhibiting • EBACE2019 • 21-23 May Switzerland companies, covering more • EBACE2020 • 26-28 May than 40,000 square meters • EBACE2021 • 18-20 May

Geneva International 55+ state-of-the-art business Airport: aircraft in a special 18,000 square meter static display Route de l’Aéroport 21, 1215 Le Grand-Saconnex, About 13,000 aviation Switzerland professionals from around the world 10+ high-quality education sessions to help you operate safely and efficiently

7 VOLOTEA TARGETS AN IPO IN BY 2021

Volotea is aiming for an IPO in the medium Volotea plans to continue its growth in term, between 2020 and 2021, according to Europe, operating from its twelve bases. CEO Carlos Muñoz, as part of the divestment The carrier already launched 58 new routes plans by investors in the airline. in 2018, with a fleet of 32 aircraft. The airline previously attempted an IPO in 2016.

8 CAMBODIA AIRWAYS ADDS MAIDEN AIRCRAFT AHEAD OF JULY 2018 LAUNCH

Cambodia Airways announced the delivery of its first aircraft, an A319, serial 3853, with its second aircraft due to June 2018, and another five aircraft by end of 2019, ahead of planned July 2019 launch date.

The airline, which is still pending its AOC, looks to reach a fleet of 10 aircraft in the near term as its network grows.

Cambodia Airways is owned by Prince International Airlines Co Ltd and backed by a US$200 million capital injection.

The airline is one of three new airlines launching in Cambodia during 2018

9 EMIRATES ANNOUNCES START OF SCHEDULED A380 SERVICE INTO HAMBURG

Emirates, the world’s largest quality service: a total of 516 seats international airline, announced in a three-class configuration, with today that it will introduce the 426 spacious seats in Economy on first scheduled commercial the main deck, 76 fully flat bed Airbus A380 service to Hamburg. seats in Business and 14 First Class To commemorate the inaugural Private Suites on the upper deck. arrival in Hamburg on 29 October, The Emirates A380 is renowned for the A380 will be deployed on the its First Class Shower Spas as well morning service (EK059/EK060), as the Onboard Lounge for First while from 30 October the A380 and Business Class passengers, will be regularly deployed on the arguably the most popular social afternoon service (EK061/EK062). spot at 40,000 feet. Passengers in all classes enjoy free Wi-Fi to stay The deployment of the iconic double in touch with family and friends decker aircraft will represent a and Emirates’ multi-award winning capacity increase of over 22% on the ‘ice’ inflight entertainment with route. With a total of 6,090 weekly up to 3,500 channels of movies, TV seats in each direction, Emirates programmes, music and podcasts will offer business and leisure on the industry’s biggest personal travellers from the North of Germany screens in each class of travel. First an even greater choice of travel and Business Class passengers options to Dubai and to over 150 also benefit from a complimentary destinations beyond, highlighting chauffeur drive service as well as Hamburg’s importance as part of access to Emirates’ global network of the airline’s global network. With airport lounges, including a 900m² its existing multiple daily A380 lounge facility at Hamburg Airport. services to Frankfurt, Munich and Dusseldorf, Emirates will be “We are excited to finally bring operating all German gateways our Airbus flagship ‘home’ and with its A380 flagship aircraft. see Hamburg join the other 48 destinations we currently serve Emirates’ Airbus A380 aircraft serving with the A380. The Emirates A380 the Dubai-Hamburg route will offer is an iconic aircraft that continues high levels of comfort and high

10 to excite our customers and set the As Hamburg becomes the 49th lands in Dubai at 06:20hrs the benchmark for travel comfort in destination on Emirates’ global next morning (all times are local). commercial flying. We look forward network to be served by its highly The daily flight pair EK059/EK060 to offering the award-winning popular A380 aircraft, passengers between Dubai and Hamburg will Emirates A380 experience to our travelling from Hamburg can remain Boeing 777-300ER operations. customers flying from Hamburg. The enjoy a seamless A380 to A380 As with all Emirates flights, switch to the A380 offers a total of experience via Dubai to Auckland, passengers enjoy the extra generous 1,120 additional seats per week in , , Mauritius, baggage allowance of up to 35kg each direction, meeting a growing Seoul, Shanghai, Sydney, , in Economy, 40kg in Business demand from travellers on the route Tokyo and many more. and 50kg in First Class. Emirates and demonstrating our commitment This year marks the 10th year of Skywards, the award-winning to Hamburg. Enabling an increase in Emirates’ A380 operations. The frequent flyer programme, offers passenger numbers will also result airline is by far the largest Airbus four tiers of membership - Blue, in additional tourism revenues A380 operator on the planet. With Silver, Gold and Platinum - with for Hamburg and its wider region, a current 103-strong A380 fleet and each membership tier providing which in turn will mean boosting an order backlog for 59 additional exclusive privileges. Emirates the local economy and job creation,” aircraft combined, Emirates’ Skywards members earn Skywards said Volker Greiner, Emirates Vice commitment to the A380 programme Miles when they fly on Emirates or President North and Central Europe. is worth over US$ 60 billion. All partner airlines, or when they use “Emirates has been a fixed Emirates A380s are being fitted the programme’s designated hotels, component of our operations and at Airbus in Hamburg including car rentals, financial, leisure and a reliable partner for twelve years significant cabin interior work and lifestyle partners. Skywards Miles now. Demand has been high on the final livery, and are being delivered can be redeemed for an extensive direct route to the hub in Dubai, from Hamburg. The Emirates A380 range of rewards, including tickets now served with two daily flights, programme creates and supports on Emirates and other Emirates from the very beginning. The fact manufacturing jobs across the Skywards partner airlines, flight that Emirates is now also deploying global aircraft manufacturing upgrades, hotel accommodation, the A380 for scheduled operations supply chain. Airbus estimates excursions and exclusive shopping. at Hamburg Airport is a logical that Emirates’ A380 orders alone consequence of the consistently high support 41,000 direct, indirect and load factor on the Dubai flight. For induced jobs in Europe, including passengers, this means even more some 14,500 in Germany alone. comfort and an even better product The Emirates A380 made its first offering. The decision is a clear Hamburg visit as one-off part of commitment to Hamburg. With the Hamburg Airport’s 100th anniversary increased seating capacity, Emirates celebrations on 24 September 2011. is underlining the attractiveness of the route and of the Hamburg From 30 October, flight EK061 will Metropolitan Region as well as the become an A380 flight, leaving importance of our airport in the Dubai (DXB) every day at 15:00hrs airline’s international route network,” and arriving in Hamburg (HAM) at commented Michael Eggenschwiler, 19:05hrs. The return flight, EK062, CEO of Hamburg Airport. departs Hamburg at 21:00hrs and

11 ACJ DEBUTS HARMONY CABIN CONCEPT FOR VIP WIDEBODIES

Airbus Corporate Jets (ACJ) has created a new cabin design concept, called Harmony, which combines the comfort and space of a widebody cabin with the practicality to suit the longest of flights.

Harmony seamlessly combines the benefits of Airbus Corporate Jets’ VIP widebodies – such as comfort, space and quietness - to produce a consistently harmonious customer experience. It builds on the Airspace cabin brand from the Airbus airliner family.

Initially proposed for the new ACJ330neo Family[1], which features new-generation engines and Sharklets, Harmony can also suit other Airbus widebodies, such as the ACJ350 XWB.

“Long-haul flights provide time for productive work and socialising, as well as rest, and ACJ’s Harmony cabin concept is wonderfully well designed to enable all of these, while bringing the world within a single flight,” says ACJ President Benoit Defforge.

“Harmony is a timeless and elegant design concept, because we dare to break the conventions that are traditionally imposed on us as cabin designers. Our creativity needs to be unique to fit the needs of our customers, as befits a host receiving their

12 guests in their ‘world above and bathroom, while turning of the cabin layout. the world,” says ACJ Head of right brings travellers into a Creative Design Sylvain Mariat. spacious lounge with seating Just beyond the lounge is a grouped at round-tables that conference table, and beyond that A holographic globe, showing encourage social interaction. there are four VIP guest-suites aircraft position, greets entering - each featuring an office that passengers. Turning left leads Concentric circles, like ripples converts to a bedroom, plus an to the master bedroom, office on a pond, are a feature ensuite bathroom with shower.

Seating for support staff and a galley make up the rear of the cabin, which can be adapted to serve both private and government customers.

Airbus aircraft have the distinction of being the world’s most modern and comprehensive family. All of the corporate jet versions have intercontinental capability, with some - such as the ACJ330neo and ACJ350 XWB Families – going beyond to deliver “nonstop to the world range”.

Airbus corporate jet customers benefit from airliner-reliability and a worldwide support network - sized to serve more than 10,000 aircraft and over 500 customers and operators - plus services tailored to their specific needs.

These services include the “one call handles all” corporate jet customer care centre (C4you), customised maintenance programmes and the ACJ Service Centre Network.

All of today’s Airbus aircraft include the protection and simplicity of fly-by-wire controls, the benefits of Category 3B autoland, and time and cost- saving centralised maintenance.

More than 190 Airbus corporate jets are in service on every continent, including Antarctica, highlighting their versatility around the clock around the world.

13 LUFTHANSA TECHNIK HAS BECOME AN APPROVED ACJ350 XWB OUTFITTING CENTER

Lufthansa Technik has become an due to daily technical services development with a special focus approved outfitter for ACJ350 XWB on the commercial A350 XWB on maintainability from the very aircraft. In the past months, Airbus fleets of Lufthansa and other beginning. In the area of material Corporate Jets has undertaken customers since more than two supply, Lufthansa Technik covers extensive evaluations of the years gives us a unique expertise a large part of the A350 XWB individual completion centers compared to others, also with components, in many cases in its network regarding their regard to the VIP business.” working together with original capabilities to handle future equipment manufacturers. modifications and completions of Lufthansa Technik has already the ACJ350 XWB. The evaluation developed and unveiled an ACJ350 At the beginning of 2017, was considering topics such as XWB VVIP interior concept called Lufthansa Technik received an overall quality, adherence to ‘Welcome Home’. The unique extension of its approval as a deadlines and technical planning. cabin is placing the human being design organization for A350 in the center of the story and XWB from the European Aviation Wieland Timm, Senior Director emphasizes a comprehensive Safety Agency (EASA Part 21/J). VIP & Special Mission Aircraft approach towards health and The company is thus authorized to at Lufthansa Technik, said: “To well-being on board. It promotes develop and approve repairs and become one of the few approved flexible areas for privacy or modifications to a limited extent outfitting centers for the ACJ350 valuable family time and provides under its own responsibility. XWB is a very important milestone super connectivity in regard to for our customer acquisition all communication channels. Furthermore, a dedicated A350 activities regarding completions XWB community was initiated by and modifications for this new Lufthansa Technik is licensed to Lufthansa Technik, with the main aircraft type. Our comprehensive maintain the Airbus A350 XWB goal of enabling airlines worldwide MRO experience in all aspects of the aircraft’s life to exchange their experiences cycle. The company has been with their A350 XWB fleets and supporting the A350 XWB’s benefit from these exchanges.

14 BOUTIQUE AIR ANNOUNCES CODESHARE PARTNERSHIP WITH UNITED AIRLINES

Boutique Air is proud to announce all of which feature an executive we do,” said John Gebo, United’s a new codeshare partnership style seating configuration. senior vice president of alliances. with United Airlines. As a leading “This partnership with Boutique airline to smaller, secondary cities Shawn Simpson, Chief Executive Air will enable us to connect throughout the United States, Officer of Boutique Air our customers to additional Boutique is excited to begin this commented, “We couldn’t be more unique destinations and offer partnership with United. Boutique thrilled to start our codeshare greater choice and convenience serves 30 destinations with plans relationship with United Airlines. when traveling with us.” for continued expansion and We’ve had a terrific start to our has a large presence in Denver, partnership and look forward Beginning today, customers can which is one of United’s largest to providing customers with book Boutique operated codeshare domestic hubs. Customers will access to our growing list of and interline flights on United.com enjoy a seamless connection destinations across the country.” and earn MileagePlus miles for their travel on Boutique Air. experience between the two “At United, we strive to put the airlines. Boutique Air flies Pilatus customer first in everything that PC-12 and King Air 350 aircraft,

15 MCCANN FITZGERALD EXPANDS NEW YORK OFFICE WITH SPECIALIST AVIATION AND ASSET FINANCE EXPERTISE

Premier Irish law firm, McCann with the acquisition and disposal He continued: “We have, in recent FitzGerald today announced it of operating leasing companies. times, acted on some major US- is increasing its investment and Ireland transactions including, for expanding its reach in the US Barry Devereux, Managing example, acting for AerCap on four market with the appointment Partner, McCann FitzGerald said: recently completed unsecured of Senior Associate, Richard “McCann FitzGerald is excited to be bond offerings with a total value of Gill, to its New York office. expanding the range of services it US$3.55 billion and for Sky Aircraft offers clients from the US market. Leasing International Limited, Richard Gill is a Senior Associate The increasing demand for legal as originator and S-JETS 2017-1 in the Aviation and Asset Finance services from US-based aviation Limited, as issuer, in respect of Group at McCann FitzGerald. and asset finance clients means a US$780 million asset backed Richard acts for many leading that Richard’s arrival in New York securitisation transaction.” operating lessors and financiers allows us to grow the services in the aviation industry including we offer clients and increase our AerCap, Nordic Aviation focus on this important market.” Capital, Orix Aviation, BOC Aviation and GTLK Europe.

Richard advises clients on a wide variety of aviation and asset finance matters, including cross border aircraft portfolio financings, export credit agency backed financings, aircraft sale and leaseback transactions, capital market transactions (including aircraft securitisations) and debt restructurings. He also has extensive experience drafting and negotiating aircraft leasing, servicing, financing and security agreements, as well as advising clients in connection

16 SATAIR MAKES STRATEGIC INVESTMENT TO BOOST UK OPERATIONS

Satair’s UK operation has benefited private aircraft owners have their working very closely with our from a multi-million pound batteries serviced by Satair UK. Satair and Airbus colleagues in investment programme, resulting in determining a wide range of stocked the opening of a brand new facility The business is also one of the parts all of which have significant UK close to London’s Heathrow Airport. world’s largest aviation battery demand and we have a development distributors, representing the top plan for this year and 2019 for The new facility, at Space Waye, five battery manufacturers – ACME, both warehousing and repairs.” North Feltham Trading Estate, Concorde, Hawker Enersys, Marathon became fully operational on Norco Aerospace and Saft. All of the 14 staff previously March 19 and has six times the employed at Heston made area and 11 times the cubic The increased warehousing and significant contributions to the capacity of the previous Heston, workshop space at Space Waye design, layout and functionality Middlesex, facility which Satair gives opportunities for expanded of the new facility and all have had occupied for almost 30 years. capabilities according to Jon moved to Space Waye. An additional Ravenhall, Managing Director Satair five new employees have been Currently Satair services some 7,500 UK and Head of Operations Repair recruited both for warehousing and aircraft batteries a year making it one Europe (UK). He said: “It is also our repair operations and the business of the world’s largest commercial intention to widen the scope of has started a battery technician aircraft battery servicing operations our offering to the market. Being a apprenticeship scheme through with a top-ranking reputation for key part of the Operations Repair the Way2Work initiative with the quick lead times, quality, safety Group within Satair, we plan to first apprentice now engaged. and the market confidence that offer electrically-based product comes from a strong heritage repairs, particularly for Airbus The Space Waye facility and pedigree of over 50 years. proprietary also has expanded office parts. space and being so close Some 180 customers, ranging from We are to Heathrow can be used international scheduled airlines, as a convenient meeting charter carriers, large low-cost location for Airbus, Satair, airlines and regional airlines customers and suppliers. to MRO companies, helicopter owners, business jets and

17 REDUCED FUEL CONSUMPTION, QUIETER ENGINES, LOWER OPERATING COSTS: GERMANIA LOOKS FORWARD TO IMPROVING EFFICIENCY WITH THE A320NEO

The Germania Group is CEO Karsten Balke spoke improvements in efficiency: embarking on extensive technical about Germania’s investment Germania is counting on a and operational measures in in the new planes and about 15 percent reduction in fuel preparation for the 25 brand the fleet standardisation that consumption per seat, which new A320neo aircraft that will be represents the most extensive also means lower carbon added to the fleet from January modernisation programme dioxide emissions. The savings 2020. At a press event held at the in the airline’s history. in maintenance costs associated factory of aircraft manufacturer with operating the new The introduction of the new Airbus in Hamburg- planes and also with the fleet aircraft entails numerous Finkenwerder on Wednesday, standardisation is estimated

18 to be in excess of 5 percent. Furthermore, the technical improvements achieved with the A320neo aircraft include cutting noise emissions to almost half the previous levels. Furthermore, a 50 percent reduction in NOx emissions is achieved with these planes. The aircraft can accelerate to 200 kmph in less than 20 seconds, and at the end of its service life, 85 % of its components can be recycled. Sharklets, fuel- “As an established German from 20 departure airports in efficient engines and modern airline, we are proud to be Europe to over 55 destinations construction methods are the taking this important step within the continent, North major benefits of the A320neo with Airbus, Europe’s leading Africa and the Middle East. within the Airbus family. manufacturer and corporate Reversing the common industry Germania has already begun partner,” said Balke. “Following trend, Germania continues to to make the necessary a multi-stage decision-making offer complimentary snacks, preparations: on the one hand, process, we opted for the soft drinks, magazines and more pilots are being trained A320neo, a modern and efficient a minimum of 20 kg free to fly Airbus aircraft, and on product, and we have every baggage allowance. Germania the other hand, the entire confidence in the quality leap operates scheduled, charter technical set-up of Germania’s and reliability that it represents.” and ad-hoc flights. Together technical departments is being with Bulgarian Eagle and the Germania is an independent modified to meet the new Swiss airline Germania Flug AG, German airline which was requirements. These measures Germania’s fleet will include up established over 30 years ago. include the procurement of to 36 aircraft by summer 2018. On short-haul and medium- the necessary special tools and Germania Technik Brandenburg haul flights the airline, with spares, recruiting additional GmbH is responsible for the its distinctive green and white personnel, arranging technical company’s aircraft maintenance. livery, carries more than 3 training courses and obtaining www.flygermania.com million passengers per year. an approval extension from the Germania offers connections German Federal Aviation Office.

19 AIRBALTIC ORDERS UP TO 60 AIRCRAFT FOR SIGNIFICANT BREAKTHROUGH OF DEVELOPMENT 29

The Latvian airline airBaltic and Bombardier Commercial Aircraft announced that the parties have executed a firm purchase agreement for the sale and purchase of 30 Bombardier CS300 aircraft with options for an additional 30 aircraft of the same type. This order complements the existing order of 20 CS300 aircraft and forms the backbone of the new airBaltic’s business plan Destination 2025 that builds on the successful progress of the current airline’s business plan Horizon 2021, which has laid the groundwork for future expansion.

“As an early adopter of the C Series, we took a expanding the map of our operations. A critical forward-looking decision on advanced technology part of this new strategy is the introduction of to support our turnaround plan leading to a larger and exclusive fleet of all-CS300 aircraft, sustainable profitability, and today we are which are the most suitable aircraft for the benefiting from the most fuel-efficient small markets in which we operate,” M.Gauss added. single-aircraft. With demonstrated fuel savings of more than 22 percent the aircraft plays vital role The new business plan Destination 2025 relies on in maintaining our operating cost at a low level. expansion of routes from all three Baltic countries In 2017, we experienced outstanding growth – Latvia, Estonia and Lithuania, covering essentially and showed the world the unique capabilities the main European cities. The strategy also foresees and comfort of this innovative aircraft. We that airBaltic will achieve a significant increase successfully executed our fleet modernization in passenger numbers and its revenue by 2025. strategy, and are excited to further grow our fleet The most successful airlines in Europe operate up to 80 CS300 aircraft while phasing out our uniform fleet of larger scale, supported by cost other aircraft types in the next three years,” said efficient operations. airBaltic thus will have all Martin Gauss, Chief Executive Officer of airBaltic. ingredients to enable stable future of the company.

We are now commencing the implementation “2017 was the most successful year in the history of the next phase of our business strategy of airBaltic during which the company achieved – Destination 2025, which foresees airBaltic exceptional operational and financial results.

20 This serves as a solid proof of acceptance, this significant with its expanded CS300 fleet.” the success of the strategy and reorder from our CS300 launch airBaltic serves over 70 routes operating model of the airline. operator is a strong testimony from Riga, Tallinn and Vilnius, The new order is the largest to the aircraft’s exceptional offering the largest variety of investment in Latvia’s history in-service performance, destinations and convenient and plays an important role said Fred Cromer, President, connections via Riga to its in the development of the air Bombardier Commercial Aircraft. network spanning Europe, infrastructure of the Baltic region “Furthermore, we are proud that Scandinavia, the CIS and the with wide-ranging effects on the CS300 has helped airBaltic Middle East. For summer 2018, the exports, economy and jobs,” maintain its position as one of the airBaltic has introduced eight new said Uldis Augulis, Minister of world’s most punctual airlines. destinations from Riga to Malaga, Transport, Republic of Latvia. The C Series aircraft is at the Lisbon, Split, Bordeaux, Gdansk, forefront in the small single-aisle Deliveries pertaining to this Almaty as well as Sochi and market, and airBaltic played a key new order are scheduled to Kaliningrad. In addition, airBaltic role in demonstrating its value. commence in the fourth quarter launched a new direct route In the last 18 months, we have of 2019. Prior to this order, connecting Tallinn and London. witnessed airBaltic’s growing airBaltic had ordered 20 CS300 leadership in the market, and we aircraft. Currently the airline wish the airline further success is operating revenue service with eight CS300 aircraft, and is expected to take delivery of 12 more by 2019. Based on the list price of the CS300 aircraft, the firm order is valued at approximately US$ 2.9 billion. This amount would increase to nearly US$5.9 billion should all 30 purchase rights be exercised.

“As the C Series aircraft program continues to gain market

21 [email protected] +2 01021400441 www.avimeter.com Cascade 101, Mahe- Seychelles