3 WEEKLY AVIATION HEADLINES ISSN 1718-7966 July 29, 2019/ VOL. 700 www.avitrader.com

...continued from page 1 United isWeekly also committed to improving Aviation the entertainment options for include EnglishHeadline closed captioning. Select DIRECTVNews channels also include customers with disabilities. Earlier this year, the airline began offering closed captioning when the TV station makes it available. United con- a new main menu category on seatback on-demand that is labelled Ac- tinues to add additional accessible entertainment and screening op- WORLDcessible Entertainment. NEWS This new section makes it easier for custom- tions across its fleet. ers with hearing and vision challenges to find accessible entertainment Air options,Astana andgrouping S7 Siberiaall of the air titles- that are either audio descriptive or Unique highlights of United’s personal device entertainment program- linesclosed strengthen captioned co-operation in one main menu category. Seatback on-demand is ming include: an exclusive partnership with VEVO, delivering new, cu- Air oneAstana of United’s and S7 entertainment Airlines, Rus -options available on 757, 767, 777 and rated music video playlists each month; relaxation content including sia’s787 biggest aircraft. private The airline, carrier have currently offers approximately 20 different Headspace, a popular meditation app and Moodica, which takes the strengthenedmovies and theirTV shows co-operation that are audio descriptive and more than 50 that brain on a much-needed vacation using videos. by signing a codeshare agreement for flights between Russia and Ka- zakhstan. Effective for flights oper- ated from 15thJuly 2019, flightsAIRCRAFT from its & hubsENGINE at Nur-Sultan NEWS Orders and deliveries – Boeing and Airbus and Almaty, to Novosibirsk and St. Petersburg, now carry the code of AerCap leased, purchased and sold 114 . Similarly, S7 Airlines’ Airbus v Boeing: Orders and Deliveries aircraft in the first quarter of 2018 The airline services from Nur-Sultan and Al- March 2018 YTD acquired maty to Novosibirsk now carry the many of bmi’s AerCap has announced its major business trans- Airbus Boeing E-Jets. codeactions of Airduring Astana. the first quarter of 2018. The Com- Type Orders Deliveries Type Orders Deliveries pany signed lease agreements for 83 aircraft, Photo: Loganair Atlasincluding Air to15 expandwide-body in Kentuckyaircraft and 68 narrow- A320 Family 37 95 737 171 132 Atlasbody Airaircraft. announced AerCap it willpurchased expand seven Loganair aircraft, returnsA330 to profit-6 8 747 14 2 including two Airbus A320neo Family aircraft, its operations in northern Kentucky First full year ofA340 flying solo 0 0 767 7 4 totwo accommodate Airbus A350s its and growing three Boeing work- 787-9s and executed sale transactions for 24 aircraft, includ- A350 0 17 777 5 12 force in the area. Atlas’ plans include Scottish carrier Loganair has report- est airline measured by number of ately grew in scope by recruiting 140 ing 11 Airbus A320 Family aircraft, four Airbus a commitment to a long-term lease ed a pre-tax profit A380of £1.01m for the flights14 operated. 1 787 of its pilots,24 cabin crew and34 engi- A330s, one Airbus A340, one Boeing 737 Classic, in a new facility in Erlanger, Ken- 12 months ended March 31, 2019 - neers - as well as expanding the fleet one Boeing 737NG, two Boeing 777-200ERs and Total 45 121 Total 221 184 tucky, near the Cincinnati/North- its first full year of operation under It is a welcome return to the black by acquiring many of its Embraer jet one Boeing 787-8 from AerCap’s owned port- Source: Airbus Source: Boeing ern Kentucky International Airport its own brand as Scotland’s Airline. after the previous year’s loss, which aircraft. The increased range of the folio and two Airbus A320 Family aircraft and (CVG) to support its growing global reflected the cost of creating an air- jet aircraft has facilitated growth one Boeing 737 Classic from AerCap’s managed Airbus booked orders for eight A320 Family single-aisle jetliners in the NEO and CEO versions operations. The new centre in- Er There was record turnover of line from scratch due to the break- further afield for Loganair, with new portfolio. The Company continues to manage 12 during March, while delivering 56 aircraft in the month from across the company’s in-produc- langer is expected to open in 2021. £119.85m, up services from Scot- aircraft that were sold from its owned portfolio tion single-aisle and widebody product lines. 8.3% on the previ- land to Germany, during the quarter. AerCap has signed financing Boeing generated a total of 197 orders in March including a staggering 160 737s. Deliveries in Atlantic takes delivery of first ous year’s figure of Norway and Den- transactions for US$2.9bn. the stated“We month have reached every 91 planes reason across the in-productionto be proud product of line. Airbus A320neo £110.65m. mark and from New- ATLANTIC Airways, the national car- our achievements in the last year” castle to Belgium The pre-tax profit and Norway being rier of the Faroe Islands, has taken Jonathan Hinkles, MD Loganair deliveryLion Air of Group the first orders of 50 two-brand 737 MAX is 10 reported air- after launched in recent newplanes Airbus A320-200neo airliners. non-recurringtified costs on Boeing’s Orders & Deliveries website. JetBlue selects Pratt months.& Whitney Geared The aircraft is the first of two to be of £3.07m relatedThe Lion to theAir Group introduc was- theup first of Loganair’s to put the franchise 737 Turbofan™ agree- engines Boeing and the Lion Air Group have announced leased to the carrier by US-based Air tion of EmbraerMAX 8 intojet serviceaircraft and to the thement first withto order the and737 subsequent Managing director Jonathan Hin- the airline has purchased 50 of Boeing’s new 737 JetBlue Airways has selected the Geared Tur- Lease Corporation, with the second fleet and MAXthe associated9. Last month, significant the Groupdamaging became and theunsustainable first com- kles said: “We have every reason MAX 10 airplanes. The deal, valued at approxi- bofan™ (GTF) engine to power an additional due to be delivered in the Spring of expansion of to Loganair’s take delivery fleet of to a 73743 petitionMAX 9, using on key the routes air- from its previ- to be proud of our achievements in mately US$6.24bn at list prices, is the largest 45 Airbus A320neo family aircraft. With the 2020. Both leases are long-term. aircraft duringplane’s the added first capacity quarter of to ouslaunch partner. several interna- the last year, growing our routes in incremental order to date of the MAX 10 vari- airline’s previous order of 40 GTF-powered The aircraft are powered by CFM In- this year. tional routes. the UK and Europe, expanding staff ant. The order was previously listed as uniden- A320neo family aircraft, JetBlue has now com- ternational LEAP-1A26 engines and In February 2019, fellow UK regional numbers and expanding our fleet.” will contribute to the airline’s over- With this expansion, Loganair has airline bmi Regional ceased trading, all fleet upgrade programme. now become the UK’s fifth larg- and Loganair’s operation immedi- Continued on page 3

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...continued from page 1

“In addition to new scheduled routes during advent of aggressive no-win no-fee agencies the year, we also won a new contract to provide who are trying to extend eligibility of EU261 services for ’ CityFlyer subsidiary, customer compensation claims for flight delays took over the operation of a corporate shuttle and cancellations to those affected by adverse service for a major aircraft manufacturer linking weather; the five-fold rise in cost of EU Emis- its production sites and won a competitive ten- sions Trading Carbon Permits – effectively a tax der to provide essential air services between on aviation fuel which adds over £1m to Loga- the City of Derry and London.” nair customers’ ticket prices each year on top of the highest air travel tax in Europe (Air Pas- “We have also expanded our codeshare and senger Duty); and an industry-wide shortage of interline agreements with such major interna- pilots. tional airlines as British Airways, Turkish- Air ways, Airline, KLM, and Qa- Despite these challenges, the airline has tar Airways, bringing benefits to customers who pressed forward with expansion plans in the can fly with a single ticket between our destina- early part of the new financial year, launching tions in the Highlands & Islands and hundreds new services to London Southend Airport from of major cities worldwide.” Aberdeen, Glasgow and Stornoway and the first commercial air services from Carlisle Lake Dis- Hinkles sounded notes of caution on three trict Airport in over 25 years. Hinkles - It is a welcome return to the black after the previous challenges affecting the aviation industry - the year’s loss Photo: Loganair

AIRCRAFT & ENGINE NEWS

GE and XTI to study hybrid propulsion solution for TriFan 600 with GE’s Catalyst XTI Aircraft Company has selected GE’s CatalystTM engine as the core of its TriFan 600 hybrid-electric propulsion system. The two companies will work together to define a series hybrid architecture that will meet the TriFan performance requirements. GE’s Catalyst is the first clean-sheet turboprop engine to hit the general aviation market in more than 30 years, enabling better performance through proven GE commercial technology. Operating as a series hybrid generator, GE’s Catalyst is designed to answer the propulsion and system needs of aircraft in the emerging megawatt hybrid propul- sion market. It currently has 98 patented technologies and is the first engine in its class to introduce two stages of variable stator vanes, cooled high-pressure turbine blades and more 3-D printed parts than any other commercial engine in history. It performs at an industry-best 16:1 overall pressure ratio. These key technologies en- able GE’s Catalyst to extract more power at altitude, as well as excess thermodynamic power for growth in aircraft capability over the lifetime of a system. Catalyst is de- signed to incorporate a Full Authority Digital Engine Control (FADEC) to allow simpler integration with the aircraft’s autopilot, flight control systems, and avionics, enabling seamless control for the pilot while protecting all engine limits in all phases of flight. XTI TriFan 600, vertical takeoff Photo: XTI Aircraft Company The TriFan 600 will have the speed, range and comfort of a business jet and the ability to take off and land vertically, like a helicopter. Using three ducted fans, the TriFan 600 lifts off vertically. Its two wing fans then rotate forward for a seamless transition to cruise speed and its initial climb. It will reach 30,000 feet and cruise to the destination as a highly efficient business aircraft. The TriFan 600 will incorporate advanced safety features, including autopilot and computerized controls for takeoff and landing.

Korean Air signs order for 20 787 Dreamliners has finalized an agreement with Boeing to order 20 787 Dreamliner airplanes – including ten each of the 787-10 and 787-9 models – valued at US$6.3 billion according to list prices. Along with an agreement to lease ten additional 787-10 jets from Air Lease Corporation, the carrier will quadruple its Dreamliner fleet as it looks to bring greater effi- ciency and passenger comfort to its operations. Korean Air, one of the largest transpacific carriers in Asia with 16 non-stop routes to North America, is adding the 787-10 to its long- haul fleet to complement its existing 787-9 and 777 airplanes. The 787-10 is the largest member of the super-efficient Dreamliner family. At 224 feet long (68 meters), the 787-10 can serve up to 330 passengers in a standard two-class configuration, about 40 more than the 787-9. Powered by a suite of new technologies and a revolutionary design, the 787-10 Korean Air orders 20 787 Dreamliner aircraft Photo: Boeing offers carriers the lowest operating cost per seat of any twin-aisle jet in service. PART 145 MAINTENANCE Solutions for narrow-body aircraft engines

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Lion Air becomes first A330neo operator in the Asia-Pacific Hawaiian charter group Wing Spirit to purchase 15 region HondaJets

Wing Spirit orders 15 HondaJets Photo: Honda Aircraft Company

Lion Air A330-900 take off Photo: Airbus Hawaiian charter group Wing Spirit has purchased a total of 15 HondaJets to support inter-island transportation in the Hawaiian Is- Indonesian carrier Lion Air has received its first A330-900, becoming lands. With the initial deliveries to Wing Spirit taking place earlier this the first airline from the Asia-Pacific region to fly the A330neo. The month, the HondaJet Elite became the first light jet to enter service aircraft is on lease from BOC Aviation and is the first of ten A330neos in Hawaii. A newly-established aviation group, Wing Spirit will use set to join the airline’s fleet. The A330neo will be used by Lion Air for its HondaJets to provide luxury inter-island transportation through- non-stop long-haul services from Indonesia. These include pilgrim- out the Hawaiian Islands. They are also exploring using HondaJets as age flights from cities such as Makassar, Balikpapan and Surabaya to air ambulances and for aviation education opportunities throughout Jeddah and Medina in Saudi Arabia. The flight time for such routes the Hawaiian Islands. The aircraft serving as air ambulances will be can be up to 12 hours. Lion Air’s A330-900 is configured for 436 pas- outfitted with custom medevac configurations, marking the first time sengers in a single-class configuration. this design has been implemented in the HondaJet program’s history.

Airbus secures first ACH160 order in Southeast Asia Hi Airlines of takes delivery of two ATR 72-500s

Photo: Airbus Helicopters /Anthony-Pecchi

Airbus Helicopters has secured an ACH160 order from an undis- closed new customer in the Philippines, launching this new model in the Southeast Asia and Pacific region. It will be used for private and -based Hi Air takes delivery of two ATR 72-500s Photo: Skyworld Aviation business flights within the Philippines archipelago. This aircraft will feature the ACH160 Exclusive version highlighting two wide hinged GAL Aerospace has entered into a collaborative relationship with doors and electrical footsteps combined with a bespoke cabin, wel- Skyworld Aviation and Peter Greensmith of Papa Golf Aviation have coming up to eight passengers in an elegant and refined handcrafted partnered up to arrange the sale of two ATR 72-500 aircraft to Hi Air- interior for a truly business-jet-like experience. Equipped with Blue lines of South Korea. The aircraft were previously in operation with Edge blades and a new canted Fenestron rotor, the ACH160 sets a . Serial number 862 was the first to deliver to Hi Airlines on new benchmark in corporate transportation with a blend of innova- April 5, 2019, with the second, serial number 806, following on July tive technology, speed, comfort and style. As part of the contract, 8, 2019. Hi Airlines is a new airline based in Seoul, South Korea which the ACH160 will be backed by HCare First – the first such premium will initially focus on domestic routes, utilizing a fleet of ATR 72s. By support agreement in the region, catering to the specific needs of 2020, the airline plans to start short-haul regional routes and later an operators requiring worry-free aircraft availability. international schedule. 6 Weekly Aviation Headline News

MRO & PRODUCTION NEWS

Heston MRO launches Component Services Heston MRO, an independent MRO organization in Australasia, has launched Component and Material services. As part of its updated strat- egy to evolve into a Total Technical Care part- ner for airlines and leasing companies, Heston MRO has established a dedicated Components Unit, backed by first investments in stock and future capabilities. The newly established Com- ponents Unit will firstly focus on trading, repair, exchanges, and leasing of components for local customers in Australasian and the South West Pacific region. The service is supported with initial investments into own stock of B737 New Generation components and materials, with planned rapid expansion into A320 and other air- craft platforms. With extensive experience and a global partner network at Heston MRO owners’ level, the company has the flexibility to promptly scale up the services based on customer needs. Having started with trading, exchanges and leas- ing of components, Heston MRO plans to invest into in-house capabilities for the most frequently Photo: Heston MRO removed items within twelve months. This will complement component trading business and will form the base for packaged solutions of flat-rate exchanges, fixed-price repairs, and Power-by- the-Hour (PBH) services for regional customers. With 20 years of operating history and airside presence in Sydney, Melbourne, Brisbane, Perth, Adelaide and other airports in Australasia, Heston MRO is the largest independent MRO organization in the region. Besides Line Maintenance and recently launched Components Services, this year the company is adding certification for Engine On-Wing technical capabilities. The resulting Total Technical Care services will be offered to airlines, leasing companies and OEMs in the Australasian and South West Pacific region.

Robinson opens dedicated overhaul/repair facility Robinson Helicopter Company has expanded its FAA/EASA-approved Re- pair Station by opening a stand-alone 37,000 ft² facility dedicated to repairs and overhauls. Completed in approxi- mately 18 months, the facility was designed to streamline the repair, in- spection and overhaul process. As the size of the Robinson fleet (12,000+) grows, the demand for quick repair of parts and component overhauls increases each year. To maximize ef- ficiency, Robinson has organized the new space around the flow of parts. “The goal is to ensure parts are eas- ily accounted for throughout each process and each process is done quickly and efficiently,” stated John Hernandez, Robinson’s Repair Station Manager. Dedicated areas for disas- sembly and storage of blades, engines and components, along with a large media blasting room, a clean room for New facility has ample space to handle repairs, inspections, and overhauls Photo: Robinson Helicopter hydraulic disassembly and ultrasonic cleaning, are all situated in close proximity. In addition to the steady flow of repair and overhauled parts, Robinson performs helicopter repairs and overhauls in-house. The new facility is set-up to efficiently tear down, clean and inspect components, engines and complete aircraft. Once aircraft are disassembled, cleaned and inspected they are brought to the main facility for reassembly, painting, flight testing, and delivery. 7 Weekly Aviation Headline News

AVIAA adds UK regional FBO group Global Trek Aviation to supplier network AVIAA, an independent global group purchasing organization specializing in business aviation, has added privately owned Global Trek Aviation to its network. Global Trek Aviation, headquartered in Prestwick, Scotland, opened jet handling facilities on the south side of Cardiff Airport two months ago, investing in a brand-new facility featuring a dedicated passenger lounge, private offices, crew briefing centre and flight operations facili- ties, plus an integrated security suite. The new FBO mirrors its award-winning handling facility at Belfast International Airport, which has been operational for five years. Global Trek Aviation at Belfast International Airport Photo: AVIAA

Astronics CSC opens new manufacturing facility in Waukegan, Illinois Astronics Corporation, a pro- vider of advanced technologies for global aerospace, defense, and other mission critical in- dustries, has reported that its wholly owned subsidiary, As- tronics Connectivity Systems and Certifications (CSC), has moved its operations to a new office and manufacturing facil- ity in Waukegan, Illinois. The new facility enables the expan- sion of manufacturing capacity and certification services. The facility officially opened on July 18, 2019. Waukegan is located approximately 20 miles north of Astronics CSC’s Lake Zurich Design Center. Both locations On July 18, Astronics CSC has opened its new facility in Waukegan, Illinois Photo: Astronics are linked by close proximity to I-94, a major interstate high- way. Astronics CSC serves as one of the global market leaders for inflight entertainment and connectivity (IFEC) solutions for aircraft, specializing in connectivity hardware, integration engineering, and certification services.

MTU Maintenance signs V2500 contract with JetBlue Airways MTU Maintenance and long-term partner JetBlue Airways have signed an exclusive 13-year contract for the airline’s V2500 pre- select fleet. The contract covers mainte- nance, repair and overhaul for the engines from 2020 to 2033. This contract takes MTU Maintenance’s total contract wins to US$4.5 billion for the first seven months of 2019. JetBlue Airways, New York’s Hometown Airline™, is a low-cost carrier that operates 1,000 flights daily and serves more than 100 destinations across the U.S., Latin America and the Caribbean with plans to start flying to Europe in 2021. V2600 engine in MTU MRO shop Photo: MTU 8 Weekly Aviation Headline News

MRO & PRODUCTION NEWS West Star Aviation approved for winglet installation on Citation Sovereign

C&L Aviation Group provides ADS-B solu- tion for Berry Aviation Fleet of EMB-120 aircraft C&L Aviation Services (C&L), a C&L Aviation Group company, has been awarded the con- tract to provide the ADS-B solution for Berry Aviation’s fleet of EMB-120 aircraft. The pro- gram will see C&L provide the Garmin solution to comply with the FAA Automatic Depend- ent Surveillance-Broadcast-Out (ADS/B-Out) mandate requiring compliance before January 1, 2020. C&L’s Production Planning Manager Chad Jones, along with a team from ARM Inter- national, completed the successful prototype installation in April 2019, with the other nine aircraft being scheduled for completion by the end of July. Kits are currently being assembled at C&L’s facility on Bangor, ME in preparation for the installations. Completed winglet installation on Citation Sovereign Photo: West Star Aviation

West Star Aviation will offer Winglet Technology’s winglet installation for the Citation Sover- ST Engineering’s Aerospace sector se- eign model. Current certified installation of the Transitional winglet for the Sovereign model cures contracts worth US$809 million for can be completed at the Grand Junction facility, one of four West Star full-service Textron 2nd quarter 2019 Aviation Approved Service Center locations, where West Star has already installed two sets to Singapore Technologies Engineering has re- date. “We are dedicated to building on specialized capabilities for the Citation airframe and ported that its Aerospace sector has received a this addition enhances the wide array of services available for the convenience and satisfac- number of contracts in the second quarter 2019, tion of our Sovereign customers,” stated Dave Krogman, General Manager, Grand Junction. worth about US$809 million, from airframe to engine MRO services and support. These con- tracts include a multi-year agreement from a long-time customer to provide heavy mainte- Boeing becomes sole provider of aftermarket parts for new Tecnam P2012 Traveller nance services to their entire fleet of Boeing 717s, agreements from AirAsiaX Berhad and Beibu Gulf Airlines also for heavy maintenance, and a number of agreements for engine mainte- nance. The sector gained further traction in its unmanned aerial solutions with a contract win for its latest smart drone system, DroNet, to be applied in security and surveillance missions as an end-to-end solution. The Electronics sector received new orders globally worth $702m for smart mobility, satellite communications, Inter- net of Things (IoT), cybersecurity, public safety and security, and defence.

FINANCIAL NEWS Tecnam P2012 in Cape Air livery Photo: Tecnam

Safran acquires French start-up Neelogy Boeing has signed a multiyear agreement with Tecnam to be the sole provider of aftermar- ket spare parts and distribution services for the P2012 Traveller, Tecnam’s first commuter air- Safran Electrical & Power has acquired Neelogy, line aircraft. Boeing will assume distribution responsibilities, including forecasting, ordering a French start-up that has developed a disruptive and delivering all original equipment manufacturer (OEM) genuine replacement parts for the technology for electrical current sensors that are P2012 Traveller through its Aviall distribution network. The P2012 has completed European tailored to the needs of the more electrified air- Aviation Safety Agency (EASA) certification and Federal Aviation Association (FAA) certification craft, as well as hybrid and totally electric propul- and is ready to be delivered to Tecnam’s launch customer, Boston-based regional airline Cape sion. Since 2006, Neelogy has been developing Air. Tecnam currently utilizes Boeing’s navigation and charting data through an existing agree- and marketing DC and AC current measurement ment with Jeppesen. sensors of unrivaled precision, which completely eliminate remanence thanks to their exceptional 9 Weekly Aviation Headline News

FINANCIAL NEWS HOP! extends relationship with Spairliners for component support magnetic properties. In particular, the patented Neel Effect® sensor technology makes it possible to measure high-intensity direct currents over a wide range of intensities without overheating. Extremely compact, lightweight and capable of withstanding harsh operating conditions, the sensors meet the growing needs of aeronautics in terms of electrical power management: high power, energy storage and network monitoring.

Lockheed Martin reports second-quarter 2019 net income of US$1.4 billion Lockheed Martin has reported second-quarter 2019 net sales of US$14.4 billion, compared to US$13.4 billion in the second quarter of 2018. Net earnings in the second quarter of 2019 were US$1.4 billion, or US$5.00 per share, compared Hop! Photo: AirTeamImages to US$1.2 billion, or US$4.05 per share, after Spairliners GmbH and HOP!, a subsidiary airline of the AIR FRANCE Group, have extended severance charges of US$96 million, in the sec- their business relationship by signing a long-term contract for the comprehensive component ond quarter of 2018. Cash from operations in support of HOP!’s E-Jet fleet. HOP! currently operates a fleet of 15 Embraer E170s and 11 the second quarter of 2019 was US$1.7 billion, Embraer E190s. During the next two years HOP! will add an additional six brand-new E190s compared to cash used for operations of US$(72) to its fleet and will then operate 32 E-Jet aircraft. This contract includes a dedicated on-site million after pension contributions of US$2.0 bil- stock for HOP!’s exclusive use in Paris - Charles de Gaulle, improved logistic processes and a lion in the second quarter of 2018. Aeronaut- customized and automated IT-interface. Spairliners will provide its Component Services from ics’ net sales in the second quarter of 2019 its pool location in Paris. increased to US$229 million, or 4%, compared to the same period in 2018. The increase was primarily attributable to higher net sales of ap- proximately US$205 million for the F-35 program due to increased volume on production, devel- set by lower risk retirements on production and Boeing reports biggest ever second-quar- opment and sustainment contracts. Aeronautics’ sustainment contracts. Adjustments not related ter loss of close to US$3 billion operating profit in the second quarter of 2019 to volume, including net profit booking rate ad- The Boeing Company has reported second-quarter increased $20 million, or 3 percent, compared justments and other matters, were $25 million revenue of US$15.8 billion, a GAAP net loss of to the same period in 2018. Operating profit in- lower in the second quarter of 2019 compared (US$2.9) billion, a loss per share of (US$5.21) and creased approximately $15 million for the F-35 to the same period in 2018. a core loss per share (non-GAAP) of (US$5.82), program due to increased recurring volume on reflecting the previously announced 737 MAX higher margin production contracts, partially -off

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FINANCIAL NEWS completes acquisition of Hong Kong Express Airways charge (which reduced revenue by US$5.6 bil- lion and earnings by US$8.74 per share) as well as lower 737 deliveries, partially offset by higher defense and services volume. Boeing recorded operating cash flow of (US$0.6) billion and paid US$1.2 billion in dividends. The previously issued 2019 financial guidance does not reflect 737 MAX impacts. Due to the uncertainty of the timing and conditions surrounding return to service of the 737 MAX fleet, new guidance will be issued at a future date. Boeing is working very closely with the FAA on the process they have laid out to certify the 737 MAX software update and safely return the MAX to service. Disciplined development and testing are underway and Boeing said it will submit the final software package to the FAA once it has satisfied all of its certification requirements. Regulatory au- thorities will determine the process for certifying the MAX software and training updates as well as the timing for lifting the grounding order. Boeing Cathay Pacific closes acquisition of Hong Kong Express Photo: AirTeamImages also reported that the 777X program is progressing Cathay Pacific Airways (Cathay Pacific), the flag-carrying Hong-Kong-based airline, hasan- well through pre-flight testing. While the company nounced it has completed the purchase of low-cost carrier Hong Kong Express Airways (HK is still targeting late 2020 for first delivery of the Express). The deal, when announced back in March this year, was for a purchase price of 777X, there is significant risk to this schedule given KK$4.93 billion (US$628 million) in the form of HK$2.25 billion in cash and the pledge to repay engine challenges, which are delaying first flight HK$2.68 billion of debt held by HK Express in the form of promissory notes. Commenting on until early 2020. Commercial Airplanes backlog the purchase, Cathay Pacific Chief Executive Officer and HK Express Chairman Rupert Hogg remains healthy with more than 5,500 airplanes said: “HK Express will continue to operate as a stand-alone airline using the low-cost carrier valued at US$390 billion. business model. I would also like to reassure HK Express customers that there is no change to the airline’s operating model and that business will continue as usual. There will be more value fares and more destinations available to travelers. We look forward to working with the Southwest reports second-quarter rev- HK Express teams to ensure a smooth transition and to continue to grow the airline in order to enues of US$5.9 billion, up 2.9% better serve its customers.” Hog added: “Our respective businesses and business models are largely complementary. HK Express captures a unique market segment that, together with the Southwest Airlines’ second-quarter 2019 total extensive network offered by the Cathay Pacific Group, could multiply connection opportuni- operating revenues increased 2.9%, year-over- ties through Hong Kong. This will bring tremendous benefits to the travelling public with more year, to an all-time quarterly record of US$5.9 choices and greater convenience for their travel experience.” The low-cost carrier will remain billion, despite the negative revenue impacts as as such in order to serve a niche value market segment. a result of flight schedule adjustments due to the 737 MAX groundings. Second-quarter 2019 net income was US$741 million compared with second-quarter 2018 net income of US$733 mil- lion. Second-quarter 2019 operating revenue per ASM (RASM, or unit revenues) increased %). “The increase in the earnings outlook mainly euros would have amounted to around 12%. The 6.8%, year-over-year, driven largely by a passen- reflects two factors: One is that our MTU Mainte- group’s operating profit increased by 9% from ger revenue yield increase of 4.2%, year-over- nance Zhuhai site in China developed somewhat €334.6 million to €365.2 million. The EBIT margin year, and a load factor increase of 1.7 points, more positively than anticipated. In addition, rose from 15.6% to 16.3%. Net income increased year-over-year, to an all-time quarterly record of changes in the product mix also had a positive by 10 % to €261.0 million (1-6/2018: €237.0 mil- 86.4%. Based on the most recent guidance from effect,” said Reiner Winkler, CEO of MTU Aero lion). MTU has maintained its forecast for an in- Boeing, Southwest currently estimates regulato- Engines AG. Net income adjusted is expected to crease in revenues to around €4.7 billion (2018: ry approval of the MAX return to service during increase in line with EBIT adjusted (EBIT adjusted, €4.6 billion), based on the expectation that the the fourth quarter 2019. Therefore, the carrier 2018: €671.4 million, net income adjusted, 2018: commercial series production business will grow will proactively extend the MAX-related flight €479.1 million). The cash conversion rate – that organically by a percentage in the low teens, and schedule adjustments through January 5, 2020. is, the ratio of free cash flow to net income ad- that spare parts sales will increase by a percent- justed – is expected to lie between 65 and 70% in age in the mid-to-high single digits. Revenues in 2019. MTU’s previous forecast specified a target the military engine business are expected to in- range between 55 and 65% (2018: 42%). In the crease by around 10%. A high single-digit percent- MTU Aero Engines raises earnings and first six months of 2019, MTU generated revenues age organic growth rate is expected in the com- cash flow forecast at half-year of €2,243.0 million, which is 4% higher than in the mercial maintenance business. The area in which At half-year, MTU Aero Engines AG has raised its first six months of 2018 (1-6/2018: €2,148.6 mil- MTU recorded the highest revenue growth in the forecast for 2019. The company is now project- lion). Adjusted for one-time effects arising from first six months of 2019 was the commercial en- ing an adjusted EBIT margin in the region of 16%. internal changes in contracting and invoicing gine business, where revenues increased by 13 % The original forecast had been 15.5 % (2018: 14.7 processes, the growth in revenues expressed in from €687.0 million to €773.0 million. The major 11 Weekly Aviation Headline News

FINANCIAL NEWS WestJet receives securityholder support for acquisition by Onex part of these revenues was attributable to the V2500 engine for the classic A320 family and the PW1100G-JM for the A320neo. (€1.00 = US$1.11 at time of publication.)

United Technologies’ profits exceed ex- pectation through MAX grounding With over 300 of the Boeing 737 MAX jets grounded worldwide, United Technologies has seen an increase in demand for its aircraft main- tenance parts and services for airlines’ other aircraft and, as a consequence, has raised its full-year sales and profit forecast. It is one of the first companies to openly signal that it has made gains on the back of the 737 MAX problems, with shares rising as much as 2.7% in morning trade af- WestJet Photo: AirTeamImages ter the announcement. “There is impetus on the WestJet Airlines’ shareholders and option holders have overwhelmingly voted to approve its airlines and the (maintenance and repair) shops previously announced proposed transaction with Onex Corporation, at a special meeting held to ensure that the existing fleet is in a ready-to- July 23. Of the votes cast at the meeting, more than 92.5% of shareholders and option holders fly state,” United Technologies Chief Financial Of- who voted were in favor of the proposed transaction. WestJet and Onex entered into a defini- ficer Akhil Johri told Reuters news agency, talking tive agreement on May 12, 2019 for the proposed acquisition of WestJet by Onex under a plan about the MAX grounding. “In that environment, of arrangement, pursuant to which each outstanding share of WestJet will be exchanged for the [repair] shops and the airlines are ensuring CA$31.00 (US$23.66) in cash subject to the terms and conditions of the Arrangement Agree- that they have the parts supply available and ment, following which WestJet will operate as a privately held company. that is definitely helping [United Technologies].” United Technologies also announced that sales in its Collins aerospace unit, which makes engine components, landing gear, wheels and brakes, and interior and exterior aircraft lighting, rose ap- Military and Defence proximately by 66% to US$6.58 billion in the sec- ond quarter. Johri added that growth in the unit will slow down in the second half of the year as Sea Lion completes mission demonstration stocking of spare parts by airlines and shops eases with the likelihood of the 737 MAX returning to the skies. United Technology said it anticipates its acquisition of Rockwell Collins will add an extra US$150 million in sales and 15 cents per share to its profit in 2019. UTC reported earnings per share of US$2.20 for the quarter ended June 30, beating the average analyst estimate of US$2.05, based on IBES data from Refinitiv.

U.K.’s Cobham acquired by U.S. private equity group Advent for US$5bn Having made a name for itself by pioneering air- to-air refueling technology and its technology also found on Airbus jets as well as F-35 fighters, Brit- ish company Cobham is to be acquired by Ameri- can private equity group Advent International for £4 billion (US$5 billion). The offer equates to 165 pence in cash for each share in the aerospace The NH90 Sea Lion successfully completed mission demonstrations Photo: Airbus Helicopters/ Patrick Heinz company, a 50.3% premium on its average share This month, the NH90 Sea Lion successfully completed mission demonstrations for its relevant price over the last three months. News of the deal roles in the German Navy, including SAR missions. Representatives of the Navy and the pro- saw shares jump early on to 165.95 pence. It was curement agency BAAINBw participated in the tests that covered operations using a rescue back in 2016 and 2017 that Cobham was rocked hoist, checking navy reconnaissance capabilities, and dropping off commandos and Special by a series of profit warnings which saw it forced Forces equipment, including an inflatable boat. Delivery of the first Sea Lion helicopters is to raise cash from its shareholders, after which scheduled for the end of 2019. Altogether 18 helicopters are on order. company Chief Executive David Lockwood em- 12 Weekly Aviation Headline News

FINANCIAL NEWS London-based aviation services company Dominvs Aviation of- barked on a turnaround strategy which focused ficially launched on the 1st June, on improving the company’s financial and operat- providing business aviation asset ing performance. “This offer reflects the potential management solutions, charter for future growth and improving performance and aircraft trading. The com- and is an endorsement of our turnaround strate- pany operates as part of the gy and our hard-working people,” Lockwood said, well-established Dominvs Group, commenting on the deal. His plan was initially a hotels, real estate and private hampered by problems with Boeing’s troubled equity business based in central KC-46 aerial refueling program, but he remarked London. Dominvs Aviation was that the company’s free cash flow was better than founded by CEO Chris Mace, pre- expected after a £48.7 million settlement of the vious founder of charter business issue. Cobham posted organic revenue growth SaxonAir and well-known to most of 11% to £1.03 billion and a 12% rise in underly- in the business aviation industry, Photo: Dominvs Group Chairman, Sukhpal Ahluwalia (left) and Dominvs ing operating profit to £107.1 million in the half and Sukhpal Ahluwalia, business Aviation CEO, Christopher Mace (right) year to June 30. Cobham also said it had started entrepreneur and Chairman of Dominvs Group. Chris Mace says; “Whilst the company’s core a strategic review of its aviation services business focus is aircraft acquisitioning and sales, it also provides a ‘turnkey’ asset management service in Australia. (£1.00 (100 pence) = US$1.25 at time providing clients with comprehensive aviation solutions; including operations, finance, owner- of publication.) ship structure, importation and crewing. These are just a few of the elements that collectively ensure our clients receive the best, safest and most efficient solutions.

Information Technology

AAR subsidiary Airinmar has signed a three- year agreement with Smartwings, a Czech air- line, to provide component Value Engineering Services for maximum cost savings. In May, Airinmar began applying its Value Engineer- ing expertise and in-house support systems to identify and deliver opportunities to reduce the cost of maintenance on a wide range of aircraft equipment, including landing gear, nacelles, avionics, hydro-mechanical, actuation, inte- rior components and more. Airinmar’s Value Engineering Services analyzes all costs associ- ated with the repair process, including price quotes from suppliers and service vendors, la- bor, flight-hour agreements, and power-by-the- hour (PBH) pricing and warranties. Based on the data analyses and findings, Airinmar identi- Photo: AirTeamImages. fies potential cost reductions, as well as process On Tuesday, July 23, Kenya’s parliament voted in favour of nationalising the country’s flag-car- improvements. rying airline in a bid to help it overcome problems with mounting debts. With a failed expan- sion program behind it and a slump in air travel which forced the carrier to restructure US$2 billion of debt in 2017, rather than allow Kenya Airways to take over the profitable running of Nairobi’s main airport, the country’s lawmakers proposed an alternative solution. Currently OTHER NEWS the carrier is 48.9% government-owned and with Air France-KLM holding a 7.8% stake. The Kenyan transport committee has proposed nationalisation that would see the struggling -car Landing gear manufacturer Héroux-Devtek has rier operate more along the lines of profitable , which is state owned. The released that the unionized employees at its Ethiopian government runs air transport assets including airports and fuelling operations un- Longueuil, Québec, facility have voted in favour der a single company, using funds from the more profitable parts to support other elements, of the early renewal of a three-year collective including its airline. The transport committee’s report has proposed that Kenya set up an avia- agreement, which now extends through April tion holding company with four subsidiaries, one of which would run Kenya Airways, while 30, 2023. The renewal concerns approximately another would operate Nairobi’s main international airport. The committee’s report also rec- 210 employees who are members of Unifor, Lo- ommended the holding company be given tax concessions for a period to be determined and cal Section 1956. that it be exempted from paying excise duty on all goods, including jet fuel. Commenting on the proposal, Kenya Airways Chairman Michael Joseph told Reuters the vote was “great news”. Esther Koimett, the principal secretary at the ministry of transport stated that: “The govern- ’ 900 Airbus and Boeing aircraft ment is keen to take a consolidated view of aviation assets of the country in order to make sure technicians, who are represented by the Aircraft they work in a coherent and efficient way to support the (Nairobi aviation) hub,” dismissing Mechanics Fraternal Association (AMFA), have concerns that nationalisation could lead to further mismanagement as Kenya’s state-owned ratified a Transition Agreement and an Integrat- enterprises sector is riddled with problems allegedly caused by theft and poor management. ed Seniority List. This ratification vote will com- bine the Boeing and Airbus technicians into a 13 Weekly Aviation Headline News

OTHER NEWS Recommended Events single group, a crucial step in the Alaska Airlines- Virgin America merger. The agreement includes wage increases, retirement enhancements, and job protections, among other improvements.

The U.S. Department of Transportation has given final approval to a joint business agreement be- tween and . American Engine Leasing Seminar and Qantas now have the opportunity to jointly September 17, 2019 – Holiday Inn Kensington High Street, London offer more products that will better serve cus- tomers flying between the United States and Effective Risk Management in Australia and New Zealand. This has been a long- Aircraft Leasing & Aviation Finance standing business objective of the partnership. September 18, 2019 – Holiday Inn Kensington High Street, London “We look forward to working closely with our valued partner, Qantas, on this new joint busi- Aircraft Economic ness,” said American’s Chairman and CEO Doug Life Summit Parker. “We now have the opportunity to launch November 18, 2019 – Gibson Hotel, Dublin, Ireland new routes and provide enhanced service with better schedules, additional frequent flyer ben- efits and continued investments in the overall customer experience. We are grateful to Secre- tary Chao and the DOT team, as we welcome Click here for more aviation events this fantastic news for our customers and team members.” Final approval follows the DOT’s ten- tative approval of the joint business in June. INDUSTRY PEOPLE Boeing is supporting flight schools and aviation training organizations by offering its advanced • TAG Aviation has Jeppesen and ForeFlight solutions including named Joanne Goodall AviTrader Publications Corp. as Director of Customer flight planning, charts, navigation data and dis- Suite 305, South Tower Services for the U.K. patch training to help enhance student learning. 5811 Cooney Road One of these agreements is with U.S.-based ATP with immediate effect. Flight School, the nation’s largest flight school In this newly created Richmond, BC and a leading supplier of airline pilots. ATP op- role Goodall will provide Canada V6X 3M1 direction and training to erates a flight training fleet of 375 aircraft,- fly Joann Goodall ing over 31,000 hours per month to provide the CRM (Client Rela- Publisher tionship Management) and CSR (Customer more than 7,600 pilot certifications annually at Peter Jorssen 37 flight training centers nationwide. More ATP Service Representative) teams throughout graduates fly for airlines than from any other Europe and oversee strategic enhancements Tel: +1 604 318 5207 academy, with over 620 hired in just the last 12 and opportunities for ongoing expansion in months. Boeing, which already serves an expan- alignment with TAG’s future development. Editor sive global roster of flight schools and aviation Heike Tamm training organizations, also announced agree- • Aero Norway, the independent engine [email protected] ments with the following: MRO provider and trusted partner for cus- Tel: +34 (0) 971 612 130 • – Community College of Allegheny County, tomers operating CFM56-3, CFM56-5B and based in the U.S. -7B engines, has appointed Klaus-Peter Lein- Advertising Inquiries and • – Gulf Aviation Academy, based in Bahrain auer as the new Director of Sales & Market- ing. He will support Aero Norway’s growth Customer Support • – Ninety Nines Flying School, based in Kenya strategy and focus on best-in-class service Jenny Vogel • – OxfordSaudia, based in Saudi Arabia for its expanding global customer base. Le- [email protected] inauer joins Aero Norway with more than Tel: + 49 (0) 8761 346 007 twenty years’ experience in the engine MRO FPG Amentum, the Dublin-headquartered air- industry having worked at SR Technics for craft leasing / management company has an- For inquiries and comments, seven years with responsibility for sales in nounced the opening of its newly set up 100% Europe, Russia and the CIS. His appointment please email: subsidiary FPG Amentum HK Ltd. Through this will spearhead a program of continuous im- [email protected] Hong Kong presence the group will further provement within the knowledgeable sales strengthen its growing Asia-based activities. Ini- team, facilitating efficiency and enhancing tially the focus is on airline and lessor relation- working relationships. ships, debt sourcing and structuring, technical services and operations. Page 1 of 4 July 29, 2019

Commercial Jet Aircraft Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email Phone A319-100 DVB Bank CFM56-5B6 3346 2007 Q1/2020 Lease Jonathan Louch [email protected] +44 207 256 4449

A320-200 ORIX Aviation V2527-A5 3807 2007 Q1/2020 Lease Matthew Gialopsos [email protected] +353 83 167 2233

A320-200 ORIX Aviation V2527-A5 4603 2011 Q1/2020 Lease Oisin Riordan [email protected] +353 86 335 0004

A320-200 ORIX Aviation CFM56-5B4/3 5213 2012 Q2/2020 Lease Matthew Gialopsos [email protected] +353 83 167 2233

A320-200 TrueAero Asset Management V2527E-A5 5794 Nov 2020 Lease Ed Kokoszka [email protected] +1 772.663.2797

A320-200 TrueAero Asset Management V2527E-A5 5531 Oct 2020 Lease Ed Kokoszka [email protected] +1 772.663.2797

A320-200 TrueAero Asset Management V2527E-A5 5296 Aug 2020 Lease Ed Kokoszka [email protected] +1 772.663.2797

A320-200 TrueAero Asset Management V2527E-A5 5089 Jun 2020 Lease Ed Kokoszka [email protected] +1 772.663.2797

A320-200 TrueAero Asset Management V2527E-A5 5050 Apr 2020 Lease Ed Kokoszka [email protected] +1 772.663.2797

A320-232 DVB Bank V2527-A5 2156 2005 Q1/2020 Lease Jonathan Louch [email protected] +44 207 256 4449

A330-200 DVB Bank CF6-80E 814 2007 Q2/2020 Lease Jonathan Louch [email protected] +44 207 256 4449

A330-200 GA Telesis CF6-80E1A4 507 2002 Now Sale / Lease Kevin Ford [email protected] +1-954-676-3111

A330-200 GA Telesis CF6-80E1A4 510 2002 Now Sale / Lease Mauro Francazi [email protected] +1-954-676-3111

A330-200 TrueAero Asset Management CF6-80E1A4/B 882 Apr 2020 Lease Ed Kokoszka [email protected] +1 772.663.2797

A330-200 TrueAero Asset Management CF6-80E1A4/B 901 Apr 2020 Lease Ed Kokoszka [email protected] +1 772.663.2797

A330-200 TrueAero Asset Management CF6-80E1A4/B 932 May 2020 Lease Ed Kokoszka [email protected] +1 772.663.2797

A330-300 DVB Bank Trent 772B-60 1485 2014 Q1/2020 Sale / Lease Jonathan Louch [email protected] +44 207 256 4449

A330-300 DVB Bank Trent 772B-60 1146 2010 soon Lease Jonathan Louch [email protected] +44 207 256 4449

B737-700 Kellstrom Aerospace CFM56-7B26 28210 1998 Now Sale Michael Garcia [email protected] +1 (847) 233-5800

B737-5H6 Bristol Associates CFM56-3C1 26445 1992 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

B737-800 DVB Bank CFM56-7B27 28178 1999 Q4/2019 Lease Jonathan Louch [email protected] +44 207 256 4449

B737-800 ORIX Aviation CFM56-7B24E 40317 2012 Q4/2019 Lease Oisin Riordan [email protected] +353 86 335 0004

B737-800 ORIX Aviation CFM56-7B24 33641 2007 Q2/2020 Lease Matthew Gialopsos [email protected] +353 83 167 2233

B737-800 GA Telesis CFM56-7B 33813 2004 Now Sale / Lease Priscilla Ang [email protected] +1-954-676-3111

B737-800 GA Telesis CFM56-7B 33814 2004 Now Sale / Lease Mauro Francazi [email protected] +1-954-676-3111

B737-800 Willis Lease soon Sale / Lease Nick Pittler [email protected] +1 (415) 408-4775

B747-400 Bristol Associates 28812 1999 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

B747-400 Bristol Associates 30023 2000 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

B757-223 (7x) Jetran RB211-535E4B various 91/92 Now Lease Nick Blowers [email protected] +1 (210) 269 3471

B777-300ER DVB Bank GE90-115b 35161 2008 Q3/2019 Sale / Lease Jonathan Louch [email protected] +44 207 256 4449

(2) B787-800 soon Sale / Lease Nick Pittler [email protected] +1 (415) 408-4775 Regional Jet / Turboprop Aircraft Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email Phone CRJ-200LR Regional One CF34-3B1 8062 2006 Now Sale / Lease Chris Furlan [email protected] +1(305) 759-0670 Ext.164

CRJ-700 Regional One CF34-8C5B1 10205 2005 Now Sale / Lease Chris Furlan [email protected] +1(305) 759-0670 Ext.164

Dash 8 Q400 DVB Bank PW150A 4160 2007 Now Sale Jonathan Louch [email protected] +44 207 256 4449

D0328 Jet Regional One PW306B 3185 2001 Jul 2019 Sale / Lease Chris Furlan [email protected] +1(305) 759-0670 Ext.164

Do328-100 Jetran PW119B 3049 1996 Now Sale Nick Blowers [email protected] +1 (210) 269 3471

Do328-110 Jetran PW119B 3024 1994 Now Sale Nick Blowers [email protected] +1 (210) 269 3471

Do328-110 Jetran PW119B 3034 1995 Now Sale Nick Blowers [email protected] +1 (210) 269 3471

ERJ-170LR AerFin CF34-8E 1700123 Now Sale / Lease Auvinash Narayen [email protected] +44 (0) 7766384581

ERJ-170LR AerFin CF34-8E 1700119 Now Sale / Lease Auvinash Narayen [email protected] +44 (0) 7766384581

ERJ-170LR AerFin CF34-8E 1700124 Now Sale / Lease Auvinash Narayen [email protected] +44 (0) 7766384581

Aircraft Parts eMarketplace

Component solutions you can trust with the world’s Browse Parts from most powerful independent rotable inventory over 3,000 Vendors on April 20, 2015 www.gatelesis.com May 18, 2015 Page 2 of 4 July 29, 2019

Regional Jet / Turboprop Aircraft (cont.) Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email Phone ERJ-170LR AerFin CF34-8E 1700142 Now Sale / Lease Auvinash Narayen [email protected] +44 (0) 7766384581

ERJ-170LR AerFin CF34-8E 1700152 Now Sale / Lease Auvinash Narayen [email protected] +44 (0) 7766384581

ERJ-170LR AerFin CF34-8E 1700155 Now Sale / Lease Auvinash Narayen [email protected] +44 (0) 7766384581

ERJ-145LR Regional One AE3007A1 145304 2001 Now Sale / Lease Chris Furlan [email protected] +1(305) 759-0670 Ext.164

ERJ-145LR Regional One AE3007A1 145331 2000 Now Sale / Lease Chris Furlan [email protected] +1(305) 759-0670 Ext.164 Commercial 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

(3) AE3007A1P Now - Sale/Lease/Exch. Regional One Miguel Bolivar [email protected] +1 786-623-3936

(1) AE3007A1 Now - Sale/Lease/Exch. Rolls-Royce & Partners Finance Ben Ferguson [email protected] +44 7807 969 372

CF34 Engines Sale / Lease Company Contact Email Phone [email protected] CF34-8E5 Now - Lease Technik AERO Alzey Kai Ebach +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

(2) CF34-10E Now - Lease Willis Lease Jennifer Merriam [email protected] +1 (415) 408 4742

(2) CF34-10E7 Now - Sale/Lease/Exch. Werner Aero Cliff Topham [email protected] +1-703-402-7430

(multiple) CF34-8E5 Now - Sale / Lease AerFin Oliver James [email protected] +44 (0) 7930463293

(1) CF34-8E5A1 Now - Lease Magellan Aviation Group Bill Polyi [email protected] +1 (704) 504 9204x202

(1) CF34-8C5B1 Now - Lease

(1) CFM34-8C5A1 Aug 2019 - Lease

(1) CF34-10E6 Now - Lease Engine Lease Finance Declan Madigan [email protected] +353 61 291717

CF34-8E(s) Now - Sale / Lease GECAS Engine Leasing Sherry Riley [email protected] +1 (513) 782-4272

CF6 Engines Sale / Lease Company Contact Email Phone

(1) CF6-80C2B6F Now - Sale / Lease GA Telesis Eddo Wiejer [email protected] +1-954-676-3111

(1) CF6-80C2B1F Now - Sale / Lease

(1) CF6-80C2B7F Aug 2019 - Sale / Lease

(1) CF6-80C2B1F Jul 2019 - Lease TrueAero Asset Management Ed Kokoszka [email protected] +1 772 925 8032

CFM Engines Sale / Lease Company Contact Email Phone

(2) CFM56-5B Q3/2019 - Sale / Lease Contrail Aviation Kevin Milligan [email protected] +1 949-933-0797

(1) CFM56-5B4/3 Aug 2019 - Lease Willis Lease Jennifer Merriam [email protected] +1 (415) 408 4742

(1) CFM56-7B24 Aug 2019 - Lease

GECAS Engine Leasing

X � Engine Lease Finance Page 3 of 4 July 29, 2019

Commercial Engines (cont.) (2) CFM56-5A Now - Sale GECAS Engine Leasing Sherry Riley [email protected] +1(513)782-4272

(1) CFM56-5B3/3 Now - Lease Rolls-Royce & Partners Finance Charlie Ferguson [email protected] +44-(0)7772224895

(1) CFM56-7B26 Now - fresh from OH CFM Materials Jimmy Hill [email protected] +1 -214-988-6670

(1) CFM56-7B27 Now - Sale / Lease GA Telesis Eddo Wiejer [email protected] +1-954-676-3111

(2) CFM56-5B4/P Jul 2019 - Lease TrueAero Asset Management Ed Kokoszka [email protected] +1 772 925 8032

(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.

(2) CFM56-7B26/27 Now - Lease Magellan Aviation Group Bill Polyi [email protected] +1 (704) 504 9204 x202

JT8D and JT9D Engines Sale / Lease Company Contact Email Phone

(1) JT8D-217C Now - Sale AZURE RESOURCES INC. Jeff Young [email protected] 1-954-249-7935

(1) JT8D-219 Now - Sale / Lease LCHAerospace Carlos Miranda [email protected] +1 954-644-9617

GE90 Engines Sale / Lease Company Contact Email Phone

(2) GE90-115 Now - Lease TrueAero Asset Management Ed Kokoszka [email protected] +1 772 925 8032

GEnx Engines Sale / Lease Company Contact Email Phone

(2) GEnx1B74/75 Propulsor Aug 2019 - Lease Willis Lease Jennifer Merriam [email protected] +1 (415) 408 4742

LEAP Engines Sale / Lease Company Contact Email Phone

(1) LEAP-1B28 Sep 2019 - Lease Willis Lease Jennifer Merriam [email protected] +1 (415) 408 4742

(1) LEAP-1A33 Now - Lease

(1) LEAP1A-32 Now - Lease Rolls-Royce & Partners Finance Charlie Ferguson [email protected] +44-(0)7772224895

PW Small Engines Sale / Lease Company Contact Email Phone

(1) PW121 Now - Sale / Lease Magellan Aviation Group Bill Polyi [email protected] +1 (704) 504 9204 x202

(2) PW123B/E Now - Sale / Lease

(1) PW127E/F/M Now - Sale / Lease

(1) PW150A Aug 2019 - Sale / Lease

(3) PW123 Now - Sale/Lease/Exch. Willis Lease David Desaulniers [email protected] +1 415 516 4837

(1) PW127 Now - Sale/Lease/Exch.

(2) PW127F Now - Sale/Lease/Exch.

(1) PW150A Now - Sale/Lease/Exch.

(1) PW127M 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

PW125B Now - Lease

PW127F Now - Lease

PW150A Now - Lease

PW127M Now - Lease

PW150A RGB Now - Lease

(1) PW124B Now - Sale/Lease/Exch. Logix.Aero Jean-Christian Morin [email protected] +33.6.4782.4262

(2) PW127E/F Remi Krys [email protected] +33.6.2079.1039

(4) PW127M

(1) PW120 / PW121 Now - Sale / Lease Royal Aero Calum MacLeod [email protected] +49 8025 993610 Page 4 of 4 July 29, 2019

Commercial Engines (cont.) PW4000 Engines Sale / Lease Company Contact Email Phone

(1) PW4056-3 Now - Sale/Lease Jet Midwest Kevin Lee [email protected] +1-310-652-0296

RB211 Engines Sale / Lease Company Contact Email Phone

(1) RB211-535 Now - Sale / Lease Jet Midwest Dave Williams [email protected] +1-817-791-4930

Trent Engines Sale / Lease Company Contact Email Phone

(1) Trent 772B Now - Sale/Lease/Exch. Rolls-Royce & Partners Finance Ben Ferguson [email protected] +44 7807 969 372

V2500 Engines Sale / Lease Company Contact Email Phone

(2) V2533-A5 Now - Sale/Lease/Exch. Rolls-Royce & Partners Finance Ben Ferguson [email protected] +44 7807 969 372

(1) V2533-A5 Jul 2019 - Lease Willis Lease Jennifer Merriam [email protected] +1 (415) 408 4742

(1) V2527-A5 Now - Sale / Lease GA Telesis Eddo Wiejer [email protected] +1-954-676-3111

(2) V2527-A5 Aug 2019 - Sale / Lease

(2) V2500-A5 Now - Sale / Lease Contrail Aviation Kevin Milligan [email protected] +1 949-933-0797

(1) V2533-A5 Now - Lease TrueAero Asset Management Ed Kokoszka [email protected] +1 772 925 8032

(1) V2527-A5 Now - Lease

(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

(1) A320-200 Landing Gear Now - Sale/Lease/Exch. TrueAero, LLC Matt Parker [email protected] +1 469-607-6110 A340-300/A330 Landing Gear Now - Sale/Lease/Exch.

A340-600 Landing Gear Now - Sale/Lease/Exch.

B777-200 Landing Gear Now - Sale/Lease/Exch.

Trent 552 Inlet Cowls & Fan Cowls Now - Sale/Lease/Exch.

Trent 892 Inlet Cowls and Fan Cowls Now - Sale/Lease/Exch.

CFM56-5B Inlet Cowls and Fan Cowls Now - Sale/Lease/Exch.

V2500-A5 Inlet Cowls & Fan Cowls Now - Sale/Lease/Exch.

CF6-80E Trust Reversers,Inlets & Fan Cowls Now - Sale/Lease/Exch.

APUs (2) APS2300 Now - Sale/Lease/Exch.

APUs (2) GTCP331-500B, (1) APS3200 Now - Sale/Lease/Exch.

Neutral CFM56-7B QEC Kit Q3/2019 - Sale CFM Materials Michael Arellano [email protected] +1-214-988-6676

767-300ER 413K, 737-300 LANDING GEAR Now - Sale/Lease/Exch. AZURE RESOURCES INC. Jeff Young [email protected] 1-954-249-7935 GTCP36-300A, GTCP85-98DHF APU Now - Sale/Lease/Exch.

A320 Nose Landing Gear Now - Sale/Lease/Exch.

CFM56-3 LPT MODULE, REPAIRED Now - Sale/Lease/Exch.

CFM56-3 ENGINE STAND Now - Lease

(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 (1) PW901A APU Now - Sale Royal Aero Gary MacLeod [email protected] +44 (0)141 389 3014

(1) GTCP131-9B Now – Sale/Lease/Exchange LongReach Aviation Melanie Wood [email protected] +1-305-271-6650

Neutral V2500-A5 QEC Kits (2) 745K9001-64 Q3+Q4/2019 - Sale ASI Aero Dean Morgan [email protected] +1 561-771-4253 (1) GTCP131-9B Now - Sale / Lease DASI Chris Glascock [email protected] +1 954-801-3592

(multiple) APS2300, (1) GTCP331-350C Now - Sale / Lease AirFin Nick Filce [email protected] +44 7770 618 791 (1) GTCP36-300A, (1) GTCP131-9A

GTCP131-9A, GTCP131-9B , GTCP331-350C Now - Sale/Lease/Exch. Logix.Aero Jean-Christian Morin [email protected] +33.6.4782.4262

GTCP331-500B, GTCP331-200/250, Rich Lewsley [email protected] +1 602 517 8210 APS3200, APS2300, GTCP85-129H

(1) APU GTCP331-500, (1) APU GTCP131-9A Now - Sale / Lease Willis Lease Jennifer Merriam [email protected] +1 (415) 408 4742 Engine stands now available Now - Lease

ENGINE STANDS: Trent 800, PW4000 112"/V2500 National Aero Stands [email protected] + 1 305-558-8973 / CFM56/ PW2000 & Bootstrap kits

GTCP131-9A, GTCP 131-9B Now - Sale / Lease Werner Aero Services Julien Levy [email protected] +1 201-674-9999 737-800 Winglets Now - Sale / Lease

737-700 & 737-800 Landing Gear Now - Sale / Lease

(3) APS 2300 Now - Sale/Lease/Exch. Mike Cazaz [email protected] +1 201-661-6804

(2) PW901A, (1) PW901C(1), PW125B RGB Now - Lease Lufthansa Technik AERO Alzey Kai Ebach [email protected] +49-6731-497-368