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2018 Reviewed December 2018 - www.avitrader.com 2018 reviewed In profile: Q&A SR Technics Revima IAI Bedek People on the Move MRO News latest appointments from around the world Editor‘s Page 2 2018 in aviation ts that time of year again . By all measures 2018 business to Boeing for $3 .8 billion . The drama con- has been quite a dramatic year for the aviation in- tinues to unfold . dustry . Globally, the industry has performed quite strongly but also persistent challenges prevailed In terms of safety, the year was rather disappointing I compared to a record breaking 2017 that saw no throughout the year . The risen cost of fuel certainly had an impact, this together with overcapacity and fatalities in all global regions . Notably, the crash saturation in markets like Europe saw the collapse of a new 737MAX operated by Lion Air came as a Published monthly by of several airlines . And the likelihood is that we will blow to Boeing as the US plane maker continues to continue to see consolidation in the industry . market what has become its fastest selling airplane . AviTrader Publications Corp. In our end of year cover story, we review the year Suite 305, South Tower It has also been quite a momentous year for the with some of the industry players to catch up on the 5811 Cooney Road OEMs starting with Bombardier that sold its C Se- ries programme to Airbus and has now also sold developments that shaped the year . Richmond, British Columbia off its Q400 programme, essentially bowing out of V6X 3M1 As we close yet another year, its with great pleasure the market . Similarly, Boeing has now jumped into on behalf of all of us at AviTrader Publications, to Canada bed with Embraer but the deal still faces numerous wish our readers, editorial partners and advertisers legal challenges . At the time of this writing a Brazil- around the world a peaceful holiday season and Email: [email protected] ian federal court overturned an injunction block- the very best for the New Year! Tel: +1 (424) 644-6996 ing the proposed Boeing-Embraer joint venture . www.avitrader.com The plane makers announced in July that Brazil’s Keith Mwanalushi Embraer would sell 80% of its commercial airplane Editor Editorial Keith Mwanalushi, Editor Email: [email protected] Mobile: +44 (0) 7871 769 151 Design Volker Dannenmann, Layout & Design Email: [email protected] Mobile: +49 (0) 711 46910151 Advertising inquiries Jenny Vogel Head of Sales & Marketing Email: [email protected] Tel: +49 (0) 8761 346007 Photo: Keith Mwanalushi Registration AviTrader MRO is a subscription-free Contents monthly publication. To receive a personal copy in your MRO and Production News . 4 inbox every month, Finance News . 15 please click here to subscribe. Other News . 17 Cover story: 2018 in review . 21 Opinion Industry Interview: Olivier Legrand, President & CEO of Revima . 26 Please send your comments Company profile: SR Technics . 27 and queries to Company profile: IAI-BEDEK . 29 [email protected] People on the Move . 32 AviTrader MRO - December 2018 We make our customers New Fly Safe Fly on Time Fly@Low Cost Feel Innovation Commercial Direction [email protected] Madrid-Barajas Airport. La Muñoza. Ph: +34 91 587 4827 Edif. Motores. 1ª planta. Ala Izquierda Marketing: [email protected] 28042 Madrid. Spain iberiamaintenance.com MRO and Production News 4 FL Technics opens new warehouse in Asia FL Technics, a global provider of integrated aircraft maintenance, repair and overhaul services, has announced further expansion to the Asia region by opening a new warehouse in Singapore . The operations started at the beginning of November 2018 . “The decision to add a warehouse location in Asia enables Photo: ©American Airlines the company to scale up with customers who are facing increasing time pressure for parts American ramps up in-house engine sign Organisation Approval (DOA) . The ap- and material delivery fueled by the booming maintenance proval enables HAECO PJS to approve minor aviation industry and fierce competition in changes and repairs for parts and appliances the region,” said Zilvinas Lapinskas, CEO FL With the recent induction of the first CFM56- covering cabin, structures, and electrical sys- Technics . Just recently, FL Technics, together 5B engine from its Tulsa, Oklahoma facility, tems on private jets and commercial aircraft . with CALC (China Aircraft Leasing Group American Airlines Group (American) has suc- HAECO PJS is one of Asia Pacific’s leading Holdings Limited) and ARI (Aircraft Recycling cessfully transitioned, in house, maintenance private jet cabin completion centers . With the International Limited), launched a Joint Ven- work previously carried out by the engine’s EASA DOA, HAECO PJS broadens its turnkey ture with the focus on aircraft base mainte- manufacturer, General Electric Co . The move cabin design, certification, and completion nance in Harbin, China, to provide MRO to bring this work in-house was announced solutions, delivering more robust assurance to services for aircraft by targeting Asia and a year ago . In a statement, American said: customers on schedule integrity for modifica- Europe regions . Earlier this year, FL Technics “Bringing this work to Tulsa is a testament tions such as connectivity upgrade, flight deck Indonesia, based in Jakarta, received the FAA to the hard work and talent of the mechan- and cabin interior refurbishment, and livery Repair station 145 certificate, which allows for ics and support personnel in the engine shop change . These modifications can be certi- the provision of MRO services to aircraft reg- and their goal to be the very best in the in- fied in-house by a dedicated team of com- istered in the United States . dustry .” This means American insources more pliance verification engineers (“CVEs”) and work than any other airline as it also works performed on aircraft registered in multiple on the CFM56-7B variant model in Tulsa . 85 jurisdictions . additional employees have been taken on at Jetaire nears completion of STC for Tulsa to deal with the increased workload as FAR 25.981 compliance solution for the CMF56-5B powers 151 of the American’s Boeing 777 Airbus A320 aircraft, while the -7B variant AAR announces partnership with powers over 300 Boeing aircraft for the car- Napier Park Global Capital Jetaire has reported that it is nearing com- rier . American will induct three more -5Bs this pletion of the work for the Supplemental Type year, with 30 more engine visits planned for AAR a global aviation aftermarket leader, Certificate (STC) of its Invicta™ Reticulated 2019 . The process of getting the shop ready has announced the expansion of its commer- Foam Ignition Mitigation system for the Boe- for the -5B variant of the engine in addition to cial aircraft asset management activities by ing 777 . Jetaire’s Invicta system is a center the -7B work has been a massive undertak- partnering with Napier Park Global Capital tank flammability reduction and ignition ing . “You don’t realize what a big project it (Napier Park) to create a joint venture that will mitigation method solution, currently FAA- is to get ready for something like this, espe- focus on acquiring late life commercial air- certified for the Airbus A320 family of aircraft cially with things like tooling,” said Jim Blesi, craft . AAR has been appointed the sole ser- and Boeing B737, 737NG, B757 and B767 an aviation maintenance technician, in a vicer for the newly formed strategic alliance . aircraft . The system meets FAA requirements prepared statement . American Airlines, head- Under the agreement, AAR will bring its exten- for 14CFR 25 .981 and 121 .117 compliance . quartered in Fort Worth, Texas is the world’s sive aircraft MRO, leasing and trading experi- Jetaire is the original developer of the Invicta largest airline measured by fleet size operat- ence to the role of asset manager . AAR will reticulated foam technology as a means of ing across a wide international and domes- establish and manage the aircraft portfolio, compliance with FAR 25 .981 and received a tic network, averaging approximately 6,700 as well as develop exit strategies . The main patent on the system in December 2017 (U .S . flights per day to nearly 350 destinations in focus is on acquiring yield generating assets Patent 9,849,998) . The Invicta technology of- over 50 countries . As at July this year, Ameri- maximizing returns as aircraft reach the end fers a number of benefits that address FAA can had a fleet of 956 aircraft, the majority of of operational life . AAR will work with majority compliance demands . In addition, installation which being Airbus and Boeing jets, but which partner, Napier Park, to target assets that re- of the Invicta system is fast and simple, thus also includes Embraer and McDonnell Doug- tain value in the aftermarket once aircraft re- minimizing disruption of customers’ sched- las aircraft . tire from service . Napier Park is an alternative ules . Once installed, the Invicta system is es- investment manager that, as of September sentially maintenance free and completely 30, 2018, managed US$11 .5 billion in capi- passive . Approximately 50+ aircraft are cur- HAECO Private Jet Solutions obtains tal and will be the majority equity participant rently flying with the Invicta system onboard . EASA design organization approval in the joint venture . Napier Park manages Boeing, ELG Carbon Fibre find new life for CLOs, credit and private investments on be- airplane structure material in ground-break- HAECO Group’s cabin completion specialist, half of institutional investors globally . Napier ing partnership HAECO Private Jet Solutions (HAECO PJS), Park’s Real Assets group manages approxi- has obtained EASA Part 21 Subpart J De- mately US$6 billion of equipment assets . AviTrader MRO - December 2018 MRO and Production News 5 Your profitability.
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