Laudamotion Executive Acquired by Sparfell Aviation Group

July-2019

Laudamotion Executive Acquired By Sparfell Aviation Group

IATA: May Air Freight Volumes Remain Weak

Airbus Launches Longest Range Single-Aisle Airliner: The A321XLR S7 Airlines Signs GE Truechoice Agreement For CF34 Engines Contents

Airbus Opens Skywise To Global It Services Leaders 1

Regio Lease And Tarmac Aerosave Sign A Memorandum Agreement 2

Gulf Air Announces Maldives As It Welcomes Its Third Airbus 320Neo 3

Paris Air Show 2019 - Wrap Up From Airbus Which Saw Strong Demand For.. 4

Azorra Aviation Signs New Set Maintenance Offer Agreement For CF34-10E Engines 5

IATA: May Air Freight Volumes Remain Weak 6

Fastjet: Board Change 8

Kellstrom Aerospace Launches Asset Management Division 9

Laudamotion Executive Acquired By Sparfell Aviation Group 10

Nordica And Its Subsidiary Regional Jet Win Route Tender 11

Flynas Signs Agreement With Egyptair To Add New Destinations In Europe.. 12

Westjet Announces Calgary/Punta Cana Starting December 13

Boeing Forecasts $8.7 Trillion Aerospace And Defense Market Through 2028 14

Spirit Aerosystems Brings Breakthrough Titanium Fabrication Technology.. 16

S7 Airlines Signs GE Truechoice Agreement For CF34 Engines 17

Airbus Launches Longest Range Single-Aisle Airliner: The A321XLR 18

Etihad Airways Introduces Larger Aircraft To Accommodate Growth.. 20

NAC Signs For Up To 100+ ATRS 21

CFM, Macquarie Finance Close $588 Million U.S. Leap-1A Engine Order 22

APOC Aviation Moves Towards Expansion In China 23

Boeing Takes New Technologies Out Of The Lab And Onto Ecodemonstrator.. 24

Electric Propulsion: AFI KLM E&M Supports FFA Fab’lab’ 26

Pratt & Whitney And Hanwha Aerospace Co., Ltd. Sign Gtf™ Engine Aftermarket.. 28

Gecas And David Neeleman Agree To A Letter Of Intent For Nine A220-300 Aircraft 29

KGAL – Leaders In Closed Aircraft Funds 30

Safran Signs Global Agreement With Pattonair 31 Airbus Opens Skywise To Global It Services Leaders

entire value chain. Today over 80 airlines around the world have connected their Airbus and non-Airbus fleet to Skywise. The community of latest airlines having joined the platform include: Cathay Pacific; Philippine Airlines; PAL Express; Citilink; Garuda Indonesia; Malaysia Airlines; Loong Air; Azul; Hawaiian Airlines; Frontier Airlines; Le Bourget, 19 June 2019 – Accenture, Capgemini, Jazeera Airways; Flynas; Air FPT Software, IBM, and Sopra Steria have signed Arabia; Air Seychelles; Pegasus; Aegean Airlines, agreements with Airbus to become early adopters VivaAerobús and Viva Air. Skywise provides all users of the Skywise Partner Programme. As part of the with one single access point to their aggregated programme, these world-leading companies will and anonymised aviation data, enriched from benefit from dedicated training and certification multiple sources across the industry into one so they develop more robust, richer applications secure, cloud-based platform. The platform within Skywise on behalf of an airline. Certified frees data from organisational siloes, allowing partners will have access to their own working automated reporting, benchmarking capacity, space on Skywise and to additional platform and access to applications improving airlines features. The Partner Programme builds on the operations and reducing their costs. The more data exponential growth of the Skywise platform and that airlines or OEMs share into the Skywise Core aims to further accelerate innovation by connecting platform, the more accurate the predictions and Skywise users with a global network of leading models are for connected customers. Skywise is developers. As such, the programme paves the powered by Palantir’s Foundry technology. Photo way for an open Aerospace ‘app-store’ to speed up caption: Skywise partners with Guillaume Faury, the industry’s digital transformation. Launched in Airbus Chief Executive Officer, Marc Fontaine, 2017, Skywise is fast becoming the open platform Airbus’ Digital. Transformation Officer, Julie of reference used by major aviation players to Kitcher, Executive Vice-President Communications improve operational performance, ensuring and Corporate Affairs. For more information complete data continuity with benefits across the on Skywise please visit www.skywise.com

1 Regio Lease And Tarmac Aerosave Sign A Memorandum Agreement

REGIO LEASE announces the signing of a and TARMAC Aerosave have decided to pool their memorandum of agreement with TARMAC experience and skills to provide aircraft leasing Aerosave, a subsidiary of the Airbus, Safran companies with a global offer aiming to facilitate Aircraft Engines and SUEZ groups at the Paris their transition operations between two operators. Air Show on 18 June 2019. The two partners will To this end, the two companies have signed a now offer a joint service to airlines and lessors cooperation agreement and will be offering joint for aircraft transitions. REGIO LEASE (Hall 4 Stand contracts. This agreement does not include an G168) is a French CAMO* company specialising exclusivity clause. With this partnership, TARMAC in the management of aircraft maintenance Aerosave confirms its intention to assert its and transition. It is an approved airworthiness position as a key operator in aircraft transition. management company. TARMAC Aerosave is the « The signature of this partnership between our European leader in aircraft storage, maintenance two companies is the conclusion of 10 years of our and recycling. In 12 years, the French industrialist teams collaboration and will reinforce the services has received 760 aircraft and redelivered 500 we are providing to our common customers » the aircraft from its three European sites. REGIO LEASE REGIO LEASE chairman Laurent LE MINH LOC said.

2 Gulf Air Announces Maldives As It Welcomes Its Third Airbus 320Neo

Manama, Kingdom of Bahrain 22 June 2019: Gulf 2320 and landing at 0625 local time and then Air, the national carrier of the Kingdom of Bahrain, an onward journey to Colombo at 0725, landing today welcomed the airline’s third Airbus A320neo, at 0925. The return flight begins in Colombo at which on October 26 will begin operating to Gulf 1655, arrival in Male at 1755 and departing to the Air’s newest destination – Male in the Maldives. Kingdom of Bahrain at 1855, landing at 2205. Gulf This delivery is part of a major fleet development Air’s A320neo is the most advanced and fuel- project, which will see the airline receive a total of efficient version of the single-aisle A320 aircraft 12 Airbus A320neo aircraft by the end of 2023. “We family. Featuring the widest single aisle cabin are proud of this fantastic milestone as we continue in the market, the new aircraft is equipped with with our brand promise in expanding our fleet LEAP-1A engines from CFM International and along with our network” stated Krešimir Kučko, feature large wingtip devices known as Sharklets. Chief Executive Officer at Gulf Air “With its tranquil The A320neo is also more eco-friendly with 5,000 beaches and crystal clear waters; the Maldives tonnes less CO2 emissions per year per aircraft, is a breath-taking destination that fits perfectly and nearly 50 percent reduction in noise footprint in our new boutique strategy where we cater to compared to previous generation aircraft. Further the premium traveller seeking a tropical holiday information about the airline’s network, fares and wrapped in luxury, endorsed by our excellent flight schedule can be found online at gulfair.com, connectivity through Bahrain International Airport” by calling the airline’s 24 hour Worldwide Contact Gulf Air will operate 5 weekly non-stop flights Centre on (+973) 17373737, or through any Gulf from Bahrain International Airport, departing at Air sales offices and approved travel agencies.

3 Paris Air Show 2019 - Wrap Up From Airbus Which Saw Strong Demand For Its New Commercial Aircraft

Airbus sees strong demand for its new commercial commitments for 24 new aircraft. The star of the aircraft products at Paris Air Show 2019 A321XLR show was clearly the new A321XLR – the next receives endorsement from 11 customers as of evolutionary step from the A321LR. The XLR is now A220 and A330neo programmes consolidate world’s most efficient and longest-range single- their market position Airbus Services portfolio aisle aircraft, which will enable operators in this expands with virtual reality and Skywise offerings segment to access markets requiring even more Le Bourget, 20 June 2019 11h00 local time – During range and payload. Overall, this newest model won the 2019 Paris Air Show, Airbus achieved new orders for 48 aircraft, commitments for a further business for 363 commercial aircraft, comprising 79 aircraft and 99 conversions from A321 to XLR. 149 firm orders and 214 commitments. In addition These came from a wide range of launch customers to these totals, airlines and lessors also converted from around the world. In the widebody segment, 352 existing aircraft orders – mostly from the the new A330neo has built on its positive market A320 single-aisle aircraft up to the larger A321neo reception with additional business from Cebu and also to the new A321XLR. This clearly reflects Pacific and Virgin Atlantic. Particularly pleasing was Airbus successful strategy in offering customers the sales momentum at Le Bourget for the A220. longer-range aircraft in this segment. Moreover, Meanwhile, Airbus Services demonstrated how it is Le Bourget saw successes for the A220 which won enhancing its traditional services in maintenance, new business for 85 aircraft, and for the widebody training, flight operations and upgrades, leveraging A330neo for which Airbus received orders and Airbus’s Skywise platform and new technologies.

4 Azorra Aviation Signs New Set Maintenance Offer Agreement For CF34-10E Engines

Azorra Aviation and GE Aviation signed a Set “Embraer appreciates GE Aviation’s focus on making Maintenance Offer (SMO) agreement for its CF34- the E1 even more efficient and the significant 10E engine fleet to help significantly reduce the cost reductions that the SMO kit will bring to engine’s cost of ownership. The SMO agreement is our customers,” said Arjan Meijer, Embraer Chief available to all CF34-10E customers, regardless of Commercial Officer. Customers can purchase the their maintenance, repair and overhaul provider. SMO agreement for parts only or incorporate it “Recent durability improvements have helped the into an overhaul agreement with GE Aviation. CF34-10E engine become one of the most reliable Under the SMO agreement, customers receive the GE engines in the field,” said David Kircher, general following parts: high pressure compressor blades, manager of Regional Engines and Services at GE combustor dome, inner and outer combustor liners, Aviation. “The new SMO agreement will reduce high pressure turbine blades and nozzles, Stage the cost of the LLP (Life Limited Parts) shop visit 1 low pressure turbine nozzles and a brand-new by 30 percent, which is a significant savings for stack of rotating LLPs. The 1,650 CF34-10E engines our CF34-10E customers.” “We believe that the will start requiring their LLP shop visit beginning SMO program will bring more predictability to later this year. Since its service entry, the CF34-10E the cost of ownership for our CF34-10E operators engine has accumulated 20 million flight hours and will help Azorra grow its fleet of CF34-10E- and 28 million flight cycles. The E-jet and CF34 powered E190 aircraft,” said Azorra founder and engine-aircraft combination is one of the best- CEO John Evans. “We are pleased with GE Aviation’s selling single aisle regional jets, and GE Aviation continued commitment to the CF34-10E program.” continues to invest to further improve the engine

5 IATA: May Air Freight Volumes Remain Weak

3 July 2019 (Geneva) - The International Air erected. Renewed efforts to ease the trade tensions Transport Association (IATA) released data for coming on the sidelines of the G20 meeting are global air freight markets showing that demand, welcome. But even if those efforts are successful in measured in freight tonne kilometers (FTKs), the short-term, restoring business confidence and decreased by 3.4% in May 2019, compared growing trade will take time. And we can expect to the same period in 2018. This was a slight the tough business environment for air cargo to improvement on the 5.6% contraction in April. continue,” said Alexandre de Juniac, IATA’s Director In seasonally-adjusted terms, the level of FTKs General and CEO. Regional Performance Airlines increased modestly for the third consecutive in Asia-Pacific and the Middle East suffered sharp month, suggesting that the low point of this cycle declines in year-on-year growth in total air freight may be behind us, although the market remains volumes in May 2019, while North America and weak. Freight capacity, measured in available Europe experienced more moderate declines. freight tonne kilometers (AFTKs), rose by 1.3% Africa, and Latin America both recorded growth year-on-year in May 2019. Capacity growth has in air freight demand compared to May last year. now outstripped demand growth for the 13th Asia-Pacific airlines saw demand for air freight consecutive month. Air cargo demand has suffered contract by a hefty 6.4% in May 2019, compared from very weak global trade volumes and trade to the same period in 2018. The US-China trade tensions between the US and China. This has war and weaker manufacturing conditions for contributed to declining new export orders. The exporters in the region have significantly impacted indicator for new manufacturing export orders, the market. With the region accounting for part of the global Purchasing Managers Index more than 35% of total FTKs, this performance (PMI), has indicated falling orders since September is the major contributor to the weak industry- 2018. “The impact of the US-China trade war on wide outcome. Air freight capacity increased by air freight volumes in May was clear. Year-on-year 0.3% over the past year. North American airlines demand fell by 3.4%. It’s evidence of the economic saw demand decrease by 1.6% in May 2019, damage that is done when barriers to trade are compared to the same period a year earlier.

6 Capacity increased by 1.4% over the past year. flows reflect the broader weakness in global The recent easing of growth again can be partly trade volumes, combined with the impact of the attributed to the falling global trade volumes restructuring of airline business models currently and US-China trade tensions. International FTKs underway in the region. Latin American airlines between Asia and North America have fallen experienced an increase in freight demand by almost 8% in year-on-year terms. European growth in May 2019 of 2.7% compared to the airlines posted a 0.2% decrease in freight demand same period last year and capacity increased by in May 2019 compared to the same period a year 6.6%. With international FTKs falling by 0.5% over earlier. This is a significant improvement on the the same period, the total increase highlights 6.9% contraction in April. Weaker manufacturing a healthy performance in the region’s domestic conditions for exporters in Germany, indications of air cargo markets. African carriers posted the a slowing in the regional economy, and ongoing fastest growth of any region in May 2019, with an uncertainty over Brexit, have impacted the recent increase in demand of 8.0% compared to the same performance. Capacity increased by 2.5% year- period a year earlier. This continues the upwards on-year. Middle Eastern airlines’ freight volumes trend in FTKs that has been evident since mid- decreased 6.9% in May 2019 compared to the 2018 and makes Africa the strongest performer year-ago period. Capacity decreased by 1.6%. for the third consecutive month. Capacity grew A clear downward trend in seasonally-adjusted 13.4% year-on-year. Strengthening trade and international air cargo demand is now evident investment linkages with Asia have underpinned with weakening air freight volumes to/from North a double-digit increase in air freight volumes America and to/from Asia Pacific contributing between the two regions over the past year. to the softer performance. Once again, these

7 Fastjet: Board Change

fastjet plc, the low-fare African airline, today sector for his operational track record, his ability announces that Nico Bezuidenhout, the Company’s to drive strategic initiatives in challenging Chief Executive over the last three years, has given environments and his value and supply chain notice that he will leave the Company, and Board, management. Rashid Wally, Chairman of fastjet, at the end of September 2019, to re-join a business said: “On behalf of the Board and myself, I would of which he was the original founding CEO. Nico like to thank Nico for his efforts, dedication and will remain with the Company for a period of 3 time invested over the last three years in favour of months, overseeing specific projects, assisting fastjet and its Shareholders. The fastjet of today is with the handover of responsibilities and ensuring a fundamentally different business compared to an appropriate transition. In the interim, Mark three years ago and we wish Nico well in his future Hurst, currently Deputy Group CEO, will take up endeavours. We are delighted to have someone the position of acting CEO, working closely with of Mark’s calibre already on the Board. Mark will Nico for the handover, and thereafter assume the be focused on continuing to consolidate fastjet’s Group CEO role until such time as a permanent position in its core markets as well as explore other replacement CEO is appointed. Mark joined the opportunities for growth.” This announcement business in July 2018, was appointed as Deputy is released by fastjet plc and contains inside Group CEO in January 2019 and has been actively information for the purposes of Article 7 of the involved in the business over the last 12 months. Market Abuse Regulation (EU) 596/2014 (MAR), Mark has significant aviation experience with and is disclosed in accordance with the Company’s particular expertise in fleet management, aircraft obligations under Article 17 of MAR. For the sourcing, operating and leasing, as well as the purposes of MAR and Article 2 of Commission development and implementation of operational Implementing Regulation (EU) 2016/1055, this efficiencies throughout the aviation value chain. announcement is being made on behalf of the He is highly regarded in the African aerospace Company by Kris Jaganah, Chief Financial Officer.

8 Kellstrom Aerospace Launches Asset Management Division

Fort Lauderdale, FL — Kellstrom Aerospace aircraft, engines, and their components,” said successfully launched its newest division of Jeff Lund, CEO, Kellstrom Aerospace. “Our in- aviation platform, Kellstrom Aerospace Asset house proprietary asset management system that Management (KAAM). The unveiling of KAAM is includes management on various levels: records, the culmination of Kellstrom Aerospace’s strategy financial, and technical, will be key to maximize and vision over the past 4 years to provide total profitability for our financial partners.” Chris lifecycle support for aircraft and equipment from Watkins, former Director of Leasing and Trading manufacture through to end of life. With a global of Kellstrom Aerospace, has been promoted to team developing a solid infrastructure ensuring lead the efforts of KAAM as General Manager. its success over the past four years and the key Watkins will oversee all efforts within the KAAM acquisitions of engine MRO, Vortex Aviation in 2017 division to achieve a planned portfolio under and premier aviation consulting company, The management of $1.5 billion in assets. Watkins Aircraft Group in 2016, and launching Kellstrom has served as part of the Kellstrom Aerospace Aerospace Technical Services (KATS), The Kellstrom team for three years prior to his promotion. “Our Aerospace Group has established itself as a center in-house capabilities set Kellstrom apart from of excellence across aircraft and engine asset our competition focused on reducing risk and management services. “We set out to create an creating profitability for our partners,” stated all-encompassing asset management solution that Watkins. “We’ve succeeded in accomplishing will utilize all of our in-house capabilities – from this by utilizing our dedicated platforms to asset evaluations, to residual value monetization, reduce overall cost over the life of an asset. to performing repairs on assets – including

9 Laudamotion Executive Acquired By Sparfell Aviation Group

Swiss-based Sparfell Aviation Group (sparfell- who is taking over for Niki Lauda. “Through the group.com) has further positioned itself as a acquisition of LaudaMotion Executive, Sparfell global leader in business aviation through the Aviation Group is now able to offer our clients recent acquisition of LaudaMotion Executive private jet charter, consolidating our offering GmbH (laudamotionexecutive.com). With this to provide the turn-key solution they expect,” acquisition, Sparfell Aviation Group is now able says Edward Queffelec. “We could not dream of a to provide a one-stop solution for every need better partner to achieve this than LaudaMotion in private aviation. Headquartered in Vienna, Executive, an IS-BAO-certified operator with more LaudaMotion Executive holds an Austrian air than 15 years of experience in aircraft operation.” operator’s certificate (AOC) and operates a fleet of “Niki Lauda’s expertise, reputation and precision 13 business jets primarily comprised of Bombardier were legendary, both in Formula One and in Business Aircraft, including the first Global 7500 aviation,” says Philip Queffelec, Chairman of Sparfell delivered and in operation in Europe. LaudaMotion Aviation Group. “Having founded three airlines, we Executive founder Niki Lauda initially sought to are honoured to uphold his legacy and consider partner with Sparfell Aviation Group for capital, it our duty to pay respect to the company that but given his untimely passing, the decision was carries his name.” “It was important for Niki Lauda made that Sparfell Aviation Group would take over that LaudaMotion Executive be acquired by a operations of LaudaMotion Executive. As part of company that represents the same values that he Sparfell Aviation Group, LaudaMotion Executive’s stood for: a true passion for aviation and dedication 60 employees and all operations will be managed to our clients,” says Gottfried Neumeister, CEO by Edward Queffelec, Chief Executive Officer for of NL Holding. “This is why he ultimately chose Sparfell Airways, the group’s operations branch, Sparfell Aviation Group and the Queffelec family.”

10 Nordica And Its Subsidiary Regional Jet Win Route Tender

Nordica’s and its subsidiary Regional Jet’s joint bid Ralf Lundberg, director of the Arvidsjaur Airport, wins the four-year tender contract for operation they are happy that Nordica will serve this flight of a Swedish domestic flight route. The contract route for the next four years. “We are completely stipulates that Nordica and its subsidiary shall satisfied with the work that the Estonian airline continue operating the flight route between has done so far and delighted by the extension Stockholm and the northern Swedish towns of of this cooperation for a period of at least four Arvidsjaur and Gällivare until the autumn of 2023. years. It is vital for Lapland residents to be able Nordica has already operated this flight route to travel to and from Stockholm quickly and on a temporary basis as commissioned by the without disruptions. This is exactly what Nordica Swedish Transport Agency since September 2018, has been providing us with,” added Lundberg. after the local airline went bankrupt. From now Jan Palmer, chairman of the management board on this operation is based on the winning bid in of Regional Jet, confirmed that this contract has a tender for a period of four years. Toomas Uibo, allowed the Estonian airline to gain a foothold Nordica’s Head of Marketing, stated that winning in the Swedish domestic flight market. “We have the Swedish tender is a very important event been noticed and recognised there with this long- for the company because it demonstrates how a term contract, which means that the door to the newcomer can gain trust in Sweden. “We are also Swedish market is now wide open for us. We no very pleased about our close and positive relations longer have to explain to the Swedes who we are with the local communities. It is very complicated and how we work. We are in now and will enjoy to win such tenders in Sweden without the new business opportunities that we intend to start support of the locals,” noted Uibo. According to implementing in the near future,” added Palmer.

11 Flynas Signs Agreement With Egyptair To Add New Destinations In Europe And Africa

Kingdom of Saudi Arabia, Riyadh, 26 June 2019: now open for sale on flynas.com or flynas mobile flynas, the Saudi national air carrier and leading app. The partnership provides a unique advantage low-cost airline in the Middle East has signed a that supports flynas’ development and expansion Multilateral Interline Traffic Agreement with Egypt’s strategy in terms of enhancing its regional and National Carrier, EGYPTAIR. The agreement aims international presence. It also allows flynas to to offer passengers of both airlines a wider range offer a wide range of travel solutions in addition of air travel options, where flynas’ passengers to catering to its passengers’ diverse needs. Such will be able to visit several new destinations partnerships also contribute towards developing across Europe and Africa through EGYPTAIR- the Kingdom’s air transport sector. flynas aims to operated flights via Cairo International Airport. continually enhance the quality of its services and flynas’ passengers can now visit Asmara, Athens, cater to a wider client base through expanding Paris, Entebbe, Rome, Larnaca, Casablanca, Tunis, its regional and global reach. This partnership N’djamena, and Algeria. Likewise, EGYPTAIR’s is the latest in a series of recent strategic passengers will be able to reach many domestic partnerships, including Codeshare agreements destinations operated by flynas within Saudi with Pegasus airlines and Etihad Airways. Arabia, these flights under this agreement are

12 Westjet Announces Calgary/Punta Cana Starting December

As part of its 2019/2020 winter schedule, today case. “Get ready for some spectacular beach vibes WestJet announced a hot new reason to travel this winter with WestJet,” said Arved von zur south this winter – Punta Cana, Dominican Muehlen, WestJet Chief Commercial Officer. “With Republic. Starting December 13, 2019, WestJet our new route between Calgary and Punta Cana, will operate a nonstop overnight flight between along with 24 other sun destinations to choose Calgary International Airport (YYC) and Punta Cana from, WestJet is getting our guests from Alberta International Airport (PUJ) (CNW Group/WESTJET, to the sun and sand sooner than ever this winter.” an Alberta Partnership) Starting December 13, “This nonstop flight to the beautiful beaches of 2019, WestJet will operate a nonstop overnight Punta Cana builds on WestJet’s commitment to flight between Calgary International Airport (YYC) put Calgary first when it comes to growing travel and Punta Cana International Airport (PUJ). The options. Congratulations from everyone at YYC weekly service will be operated on WestJet’s Boeing Calgary International Airport,” said Bob Sartor, 767 that includes the airline’s updated Premium President & CEO, The Calgary Airport Authority. and Economy cabin service. Premium is the ideal In addition, the airline announced a new weekly combination of comfort, value and care including nonstop between Victoria International Airport elevated meal service and signature welcome (YYJ) and Los Cabos Mexico International perks featuring sparkling wine and an amenity Airport (SJD) starting December 17, 2019.

13 Boeing Forecasts $8.7 Trillion Aerospace And Defense Market Through 2028

A strong commercial aviation industry, stable a healthy and growing industry over the long defense spending and the need to service all term, boosted by strong fundamentals across the platforms throughout their lifecycle are driving a commercial, defense and services sectors and growing aerospace and defense market, according demand that is geographically-diverse and more to the Boeing Market Outlook. Released today balanced between replacement and growth than at the Paris Air Show, the outlook values the ever before,” said Boeing Chief Financial Officer and aerospace and defense market at $8.7 trillion Executive Vice President of Enterprise Performance over the next decade, up from $8.1 trillion a year & Strategy Greg Smith. Boeing today also unveiled ago. The Boeing Market Outlook (BMO) includes its 2019 Commercial Market Outlook (CMO), a a $3.1 trillion projected demand for commercial longer-term forecast that delves deeper into the airplanes through 2028 as operators replace older market for commercial airplanes and services. The jets with more capable and fuel-efficient models, newest CMO shows growing passenger volumes and expand their fleets to accommodate the steady and increasing airplane retirements will drive the rise in air travel across emerging and established need for 44,040 new jets, valued at $6.8 trillion markets. The BMO also projects $2.5 trillion of over the next two decades and up 3 percent from defense and space opportunities during the a year ago. The global commercial airplane fleet next decade as governments modernize military will also sustain the need for aviation services platforms and systems, pursue new technologies valued at $9.1 trillion, leading to a total commercial and capabilities and accelerate exploration from market opportunity of $16 trillion through 2038. sea to space. The projected spending – spanning “Time and again, commercial aviation has shown military aircraft, autonomous systems, satellites, itself to be extremely resilient. Notwithstanding spacecraft and other products – continues to be some recent moderation in passenger and cargo global in nature with 40 percent of expenditures traffic growth, all indications are pointing to our expected to originate outside of the United States. industry sustaining its unprecedented streak of Supporting the defense, space and commercial profitable expansion. In fact, we see a market that platforms with lifecycle solutions will fuel a is broader, deeper and more balanced than we services market valued at $3.1 trillion through have seen in the past,” said Boeing Commercial 2028. “Aerospace and defense continues to be Marketing Vice President Randy Tinseth.

14 “The healthy market fundamentals will fuel a and exciting marketplace, one that is driven by doubling of the commercial fleet over the next new technology and a relentless drive for greater two decades and a massive ecosystem of lifecycle efficiency, reliability and safety,” said Tinseth. solutions to maintain and support it.” Of the new “On the technology front, we see operators using airplane deliveries, forecasters say 44 percent will drones to inspect airplanes, and manufacturers go toward replacing aging aircraft while the rest delving into data analytics for insights to improve will accommodate traffic growth. Together, the new airplane maintenance and performance. Above all, jets support an industry where passenger traffic operators are looking to providers to offer solutions will grow an average 4.6 percent and cargo traffic that help them serve their customers more will grow an average 4.2 percent. Factoring in the efficiently and reliably. Major categories in the new airplanes and the jets that would remain in services forecast include the $2.4 trillion market for service, the global commercial fleet is expected to maintenance and engineering, which covers tasks reach 50,660 airplanes by 2038. This is the first time required to maintain or restore the airworthiness the projected fleet has crested the 50,000 mark. of an aircraft and its systems, components and The biggest airplane segment remains single-aisles structures. Another major category is the $1.1 such as the 737 MAX, as operators are projected trillion market for flight operations, which covers to demand 32,420 new airplanes. This $3.8 trillion services associated with the flight deck, cabin market is driven in large part by the continued services, crew training and management and strength of low-cost carriers, healthy replacement airplane operations. Commercial Aviation Services demand and continuing growth in Asia Pacific. through 2038 by service category The Asia Pacific In the widebody segment, Boeing forecasts region, which includes China, will continue to demand for 8,340 new passenger airplanes lead the way in future growth, accounting for 40 valued at more than $2.6 trillion over the next percent of total airplane deliveries and 38 percent twenty years. Widebody demand is spearheaded of total services value. North America and Europe in part by a significant wave of older airplanes round out the top three regions for future growth. that will need to be replaced beginning in a few Commercial market through 2038 by region Around years. Bolstering the demand for larger aircraft, the world, the growing commercial fleet will operators are expected to need 1,040 new large require a larger supply of pilots, technicians and production freighters over the forecast period. crews. Boeing’s 2019 Pilot and Technician Outlook The global airplane fleet will continue to generate forecasts that the civil aviation industry will need significant demand for aviation services, including nearly 2.5 million new aviation personnel between supply chain support (parts and parts logistics), now and 2038. The Commercial Market Outlook maintenance and engineering services, aircraft (CMO) is the longest-running jet forecast and is modifications and airline operations. Over the next regarded as the most comprehensive analysis of 20 years, Boeing forecasts a $9.1 trillion market the commercial aviation industry. The CMO and for commercial aviation services with annual other Boeing market forecasts can be found at growth of 4.2 percent. “This is a very dynamic https://www.boeing.com/commercial/market/

15 Spirit Aerosystems Brings Breakthrough Titanium Fabrication Technology To Factory

Spirit AeroSystems [NYSE: SPR] today announced process allows Spirit to form parts out of titanium it is transitioning recent research breakthroughs plates rather than relying on machining large from the laboratory to its factory. The Joule blocks of titanium. This significantly reduces Form™ process, which Spirit developed, is a new waste and decreases the amount of machining, proprietary method for forming titanium raw further enhancing Spirit’s competitiveness. material at elevated temperatures in the fabrication The process was internally developed as part of aerospace components. This method provides of one of Spirit’s key research focus areas, the the company a competitive advantage in the use Lean Metallic Structures Distinctive Capability. of titanium, a highly desirable material thanks “This emerging manufacturing improvement to its combination of strength and light weight. can replace more expensive techniques,” said “We are the first in the aerospace industry to Kevin Matthies, Spirit’s senior vice president of use this high-tech solution. The implementation Global Fabrication. “We want to build high-quality of the Joule FormTM process allows for more products in a cost-effective way. This is a great advanced production of titanium parts, such as example of improving a process to better serve our those on Spirit’s propulsion, fuselage and wing customers.” Joule Form™ technology can be used products,” said Spirit AeroSystems Senior Vice on aircraft components that are machined from President and Chief Technology and Quality plates or forgings, specifically on materials that Officer John Pilla. “This approach offers a host are hard to machine and expensive to procure (like of benefits that ultimately reduce costs and titanium and steel alloys). This could significantly drive greater efficiencies.” The Joule FormTM increase the buy-to-fly ratio for detail parts.

16 S7 AIRLINES SIGNS GE TRUECHOICE AGREEMENT FOR CF34 ENGINES

S7 Airlines and GE announce the signing of a modern fleet of aircraft in Russia,” said Jean Lydon- seven-year TrueChoiceTM Flight Hour service Rodgers, president and chief executive officer of GE agreement to cover the airline’s fleet of CF34-8E Aviation’s Services organization. “We look forward engines that power its 17 Embraer E170 aircraft. to providing outstanding maintenance, repair and The TrueChoice Flight Hour agreement covers the overhaul services to the airline’s CF34-8E engines to maintenance, repair and overhaul of the engines keep them flying.” The TrueChoice suite of engine and is valued at more than $85 million over the maintenance offerings incorporates an array of GE life of the agreement. “The CF34-8E-powered capabilities and customization across an engine’s E170 aircraft helped launch S7 Airline into the lifecycle. Each TrueChoice offering is underpinned regional aviation segment,” said Vladimir Obyedkov, by GE Aviation’s data and analytic capabilities S7 Airlines chief executive officer. “With the GE and experience to help reduce maintenance TrueChoice flight Hour agreement, our CF34-8E burden and service disruptions for customers. engines will be maintained to OEM standards for optimal performance and the highest level of reliability.” “S7 Airlines operates one of the most

17 Airbus Launches Longest Range Single-Aisle Airliner: The A321XLR

• The latest evolution of the A321neo with 4,700nm For passengers, the A321XLR’s new Airspace cabin range • Bringing 30% lower fuel burn per seat will provide the best travel experience, while than previous-generation aircraft • Combining offering seats in all classes with the same high- single-aisle economics with long-haul widebody comfort as on long-haul widebody aircraft. cabin comfort Le Bourget, 17 June 2019 – Following the very positive feedback from the market, Airbus has launched the A321XLR to complement its best-selling A321neo Family. The A321XLR thus becomes the next evolutionary step which responds to market needs for even more range, and creates more value for the airlines by bringing 30% lower fuel burn per seat than previous- generation competitor aircraft. Starting from 2023, the aircraft will deliver an unprecedented Xtra Long Range of up to 4,700nm – 15% more than the A321LR and with the same unbeatable fuel efficiency. With this added range, airlines will be able to operate a lower-cost single-aisle aircraft on longer and less heavily travelled routes – many of which can now only be served by larger and less efficient wide-body aircraft. This will enable operators to open new worldwide routes such as India to Europe or China to Australia, as well as further extending the Family’s non-stop reach on direct transatlantic flights between continental Europe and the Americas.

18 The A321XLR has been designed to maximize to preserve the same take-off performance and overall commonality with the A321LR and the engine thrust requirements as today’s A321neo. rest of the A320neo Family, while introducing In particular, the new optimised RCT holds more minimal changes needed to give the aircraft an fuel than several optional Additional Centre Tanks Xtra Long Range with increased revenue payload. (ACTs) did previously, while taking up less space The changes include: the new permanent Rear in the cargo hold – thus freeing-up underfloor Centre Tank (RCT) for more fuel volume; a modified volume for additional cargo and baggage on landing gear for an increased maximum take- long range routes. The A320neo Family is the off weight (MTOW) of 101 metric tonnes; and an world’s best-selling single aisle aircraft with over optimised wing trailing-edge flap configuration 6,500 orders from more than 100 customers since its launch in 2010. It incorporates new- generation engines and Sharklet wing-tip devices plus other improvements which together bring double-digit fuel savings over its predecessor, the A320ceo Family.

19 Etihad Airways Introduces Larger Aircraft To Accommodate Growth Of Three Key Asian Routes

Etihad Airways, the national carrier of the United has upgraded its daily Abu Dhabi – Chengdu flights Arab Emirates, has upgraded services on three from 262-seat Airbus A330-200 aircraft to 299- key Asian routes this week, introducing larger seat Boeing 787s, a 14 per cent increase in seats. aircraft to accommodate growing demand. Flights Shanghai, China’s largest city, with a population between the UAE capital, Abu Dhabi, and major of more than 24 million, has been upgraded from two Chinese cities, Shanghai and Chengdu, have Boeing 787-9 aircraft to larger Boeing 787-10 jets, been upgraded with next-generation Boeing 787 seating 336 passengers, up 12 per cent. And Seoul, Dreamliners, while the South Korean city of Seoul the capital of South Korea, with a population has been boosted from a Dreamliner to an Airbus approaching 10 million, has been upgraded by A380 ‘super jumbo’. “Asia-Pacific is the fastest Etihad from the Boeing 787-10 to the 494-seat growing air transport region in the world, and Airbus A380, a massive 47 per cent increase. With China is the fastest-growing individual market,” the upgrades of the Shanghai and Chengdu routes, said Robin Kamark, Chief Commercial Officer of Etihad now operates Dreamliners to all four of its Etihad Airways. “As we continue to modernise our China gateways, having introduced these planes to aircraft fleet, and as we work with tourism partners Hong Kong and Beijing earlier this year. Recently, to increase visitor numbers to Abu Dhabi, we are Dreamliners have also been deployed to London deploying newer, larger planes to key markets and Rome, and still to come this year, Etihad will throughout our network.” Chengdu, in south- introduce these aircraft to markets including central China, is a city of 7.4 million people. Etihad Frankfurt, Milan, Dublin, Johannesburg and Lagos.

20 NAC Signs For Up To 100+ ATRS

World’s number one regional aircraft lessor and NAC Chairman Martin Møller said: “To plan for a world’s number one regional aviation manufacturer successful future, it is vital for us to invest in the sign landmark deal worth over US$ 2 billion very best technology, so that we can offer flexible Strategic move from NAC to shape the future with and efficient solutions to our clients. The ATR72- the most eco-responsible and efficient regional 600, with a significant fuel burn advantage drives aircraft Paris-Le Bourget, 18 June, 2019 – Regional lower costs and emissions making it the optimal aircraft leasing specialist NAC and ATR, the world’s choice for many of our clients. Aviation is moving number one regional aircraft manufacturer, have towards a sustainable future and with this 100+ today signed a Letter of Intent for 35 firm ATR aircraft deal, we are making a strategic decision -600s, with options for a further 35 and purchase to ensure that airlines can lease and operate rights for another 35. The deal represents a seal the most modern and eco-responsible regional of long-term confidence from the number one aircraft available in the market.” Stefano Bortoli, regional aircraft lessor whose desire to focus on the Chief Executive Officer of ATR commented: “We most efficient and sustainable technology has led congratulate NAC on their forward-looking vision. them to invest in the ATR 72-600. NAC’s recognition It is a smart business move from NAC and one very of the quality of the ATR programme also highlights much in line with the trends in regional aviation the enduring retained asset value of the -600 series to connect communities and develop businesses and its value proposition in the market. Deliveries across the globe in the most responsible and cost of the initial 35 aircraft will begin in 2020 and run efficient way. To receive this order from the leading up to 2025; the delivery schedule is optimised to lessor in our segment, validates the value creation ensure that market demand is best satisfied over and quality of our product and its sustainable the five-year period. This new deal cements a very credentials and shows the efficiency of turboprop successful and longstanding collaboration between technology going forward. This deal clearly shows NAC and ATR. Since 2010, over 100 speculative ATR where the trend in regional aircraft is going. aircraft orders were turned into deliveries to NAC.

21 CFM, Macquarie Finance Close $588 Million U.S. Leap-1A Engine Order

LE BOURGET, France — 18 June 2019 — CFM percent improvement in fuel consumption and International has finalized an order with Macquarie CO2 emissions, along with dramatic reductions Airfinance Group Limited, a wholly owned in engine noise and exhaust gaseous emissions. subsidiary of Macquarie Group Limited, for LEAP- All this technology is focused on providing better 1A engines. “We are pleased to expand our great utilization, including CFM’s legendary reliability relationship with Macquarie to now include our out of the box; greater asset availability; enhanced advanced LEAP engine. We believe their airline time on wing margins to help keep maintenance customers will begin to reap the benefits of our costs low; and minimized maintenance actions, advanced technology immediately.” Gaël Méheust, all supported by sophisticated analytics that president and CEO of CFM International The enable CFM to provide tailored, predictive LEAP-1A engine is providing operators with a 15 maintenance over the life of the product.

22 APOC Aviation Moves Towards Expansion In China

Rotterdam, July 3rd 2019: APOC Aviation, the Air Leasing. “This was APOC’s first significant innovative aircraft and engines leasing, trading deal in China” says Wooldrik. “The acquisition of and part-out specialist, recently participated in these three A320 airframes heralds our intention a trade conference with Chinese Government to expand our business in Asia and using local representatives in Amsterdam. It is APOC’s tear-down specialists maximises cost-efficiency intention to expand its global footprint with a from the outset. We’re retaining CALC Group’s trading presence in Asia and it has signed an MOU MRO joint venture, FL ARI Aircraft Maintenance & with its Chinese partners to progress a far-reaching Engineering Company Ltd (“FL ARI”), to perform growth plan throughout the region. This is likely the part-out in CALC’s aircraft recycling facility to include stock hubs in designated parts of the located in Harbin, China.” The part-out process is Chinese mainland together with warehousing and expected to be completed this Summer and stock AOG support offices in Hong Kong and Singapore. will be strategically offered in the Asian market, According to APOC’s Founder & Managing Director, or partly shipped back to APOC’s warehouse in Max Wooldrik, who attended the trade conference The Netherlands. The Company is continually with Barry Lemmers, Chief Financial Officer, APOC adding to its commercial aircraft parts stock Aviation is pursuing a fast-growth strategy and through targeted purchase of end-of-life narrow- a dynamic programme of investment is already body airframes and will soon be announcing a underway. The Company has just acquired three fourth transaction in China. APOC’s new engine A320 airframes for part-out. MSN 712, 718 and trading division is also building engine stock 720 which were formerly acquired by CALC Group for trading, leasing or teardown with a focus (China Aircraft Leasing Group) from China Southern on CFM56-3/5A/5B/7B and V2500-A5 engines

23 Boeing Takes New Technologies Out Of The Lab And Onto Ecodemonstrator Flying Test Bed

Boeing [NYSE:BA] is launching its latest round much quicker and with greater fidelity in defining of flight-testing to assess new technologies that their value.” Among the technologies being could address real-world challenges for airplane tested on this year’s ecoDemonstrator program operators and passengers — from enhancing are: Sharing digital information between air safety and sustainability to improving the flying traffic control, the flight deck and an airline’s experience. The company is debuting a Boeing operations center to optimize routing efficiency 777 that will serve as the 2019 flying test bed and safety. An electronic flight bag application for 50 projects. “This is the latest addition to our that uses next-generation communications to ecoDemonstrator program, where we look at how automatically provide rerouting information crew and passengers can have a better experience to pilots when weather conditions warrant. and how technologies can make flying safer, more Connected cabin technologies that make galleys efficient and more enjoyable,” said Mike Sinnett, and lavatories smart, and monitor cabin conditions vice president of product strategy and future such as temperature and humidity to facilitate airplane development at Boeing Commercial automatic adjustments. Cameras to provide more Airplanes. “Using the 777 flying test bed lets us passengers with a view outside the airplane. learn faster and move forward on improvements

24 Boeing’s ecoDemonstrator program first took to program is collaboration with industry partners to the skies in 2012. Five airplanes — a 737-800, jointly test technologies and share learnings that 787-8 Dreamliner, 757, Embraer E170 and 777 advance aviation. More than a dozen partners are Freighter — have tested 112 technologies through participating in the 2019 program, including an 2018. More than a third of the technologies industry consortium developing a connectivity have transitioned to implementation at Boeing standard for networked cabins of the future known or by program partners. Nearly half remain in as iCabin. Flight tests will be conducted this fall. further development while testing on the other The flights will include a trip to Frankfurt Airport in projects was discontinued after learnings were Germany, where the ecoDemonstrator’s technology accomplished. Among the technologies now in use mission will be presented to government officials, are iPad apps that provide real-time information industry representatives and STEM students to to pilots, enabling them to reduce fuel use and help inspire the next generation in aerospace emissions; custom approach path information to leadership. A majority of the test flights will fly on reduce community noise; and a camera system sustainable aviation fuel to reduce carbon dioxide on the 777X that will help pilots avoid ground emissions and demonstrate the fuel’s viability. obstacles. A key part of the ecoDemonstrator

25 Electric Propulsion: AFI KLM E&M Supports FFA Fab’lab’

Paris, Amstelveen, Le Bourget, June 21, 2019 become an alternative to traditional combustion- - During the Paris International Air Show at Le powered aircraft, for instance as part of training Bourget, the French civil aviation authority, DGAC, operations for our cadet pilots. “ A laboratory for and the French Aviation Federation (FFA) organize the future of maintenance AFI KLM E&M is closely a daily demonstration flight of the Pipistrel Alpha involved in the FFA project, which chimes with Electro, an all-electric, two-seater, single-engine the objectives and practices of its own platform light aircraft. The event is a high-point in the dedicated to innovation, The MRO Lab. Apart from ground-breaking project pursued for a number direct financial support, AFI KLM E&M is putting of years by the FFA with the support of several its mechanics’ and technicians’ expertise at the partners, including AFI KLM E&M and the AIR disposal of the FFA’s Fab’Lab’ FRANCE Group. World first for a flying club The to contribute to the evaluation FFA acquired the Alpha Electro from Slovenian of this new aircraft type. “It is a manufacturer Pipistrel to evaluate its operation in small-scale laboratory for the real-life conditions in a flying club. Whereas until future of aviation,” commented then the aircraft had only flown in an experimental, James Kornberg, Director private capacity, the FFA coordinated a long and Engineering and Maintenance complex pioneering process which resulted, in Innovation AFI KLM E&M. March 2018, in the DGAC and EASA issuing a “We are naturally interested flight permit in the framework of a community in the potential of electric association training process. The Alpha Electro propulsion and in all the new was delivered in early 2019 to the FFA Fab’Lab’ questions it raises in terms at Toussus-le-Noble airport in Greater Paris - a of certification, operability, venue dedicated to evaluating innovative light and, of course, maintenance. aviation technology - and is currently being used Our experts contribute their to train federal pilot instructors. This is a world-first support to the FFA and in experiment that could soon lead to the use of the return, we benefit from a electric aircraft for training private pilots ab initio. unique observation post for the “Commercial aviation started with light aviation, behavior of an electric aircraft this will also be the case with electric aviation”, in real operating conditions. said Olivier Seyller, Air France captain and head of the airline’s cadet training program. “The aircraft is powerful, has an hour of autonomy and is very simple and convenient to operate. It could very well

26 That can only teach us a lot about only-just efforts of the entire aviation industry to reduce the emerging technologies, but ones that have a environmental impact of air transport, particularly tremendous potential for the coming decades.” An in terms of greenhouse gas emissions and noise opportunity for the Aviation Careers Apprentice pollution for people living near aerodromes. “We Training Center The initiative of the FFA and its are delighted to be able to count on a major player Fab’Lab’ also constitutes an opportunity for the like AIR FRANCE and its Engineering & Maintenance Aviation Careers Apprentice Training Center (CFA), Division to support us in our innovative program,” of which AFI KLM E&M was a founder and which has said FFA President Jean-Luc Charron. “For many a training center at Toussus-le-Noble airport. In the years, the FFA has worked on the concept of the coming months, the Alpha Electro could be put at flying club of the future to prepare optimally for the disposal of the CFA’s instructors and trainees the energy and societal transition of light sport as part of an initial approach to training mechanics aviation. The deployment of the Alpha Electro is a in electric aircraft maintenance, and especially unique opportunity to construct a new framework their batteries. Energy and societal transition The for the piloting and maintenance of electric aircraft evaluation of this type of aircraft contributes to the and to build up a precious fund of feedback. But this is only a first stage for our Fab’Lab’ at Toussus- le-Noble: ultimately, we aim to place a whole fleet of electric aircraft at the disposal of pilots in our flying clubs so that we can continue to explore this genuine technological leap forward.”

27 Pratt & Whitney And Hanwha Aerospace Co., Ltd. Sign GTF™ Engine Aftermarket Agreements

Paris, June 17, 2019 – Pratt & Whitney, a division sharing partner on all GTF engine programs since of United Technologies Corp. (NYSE: UTX), and 2015. The GTF engine MRO network has grown Hanwha Aerospace Co., Ltd. today announced significantly since the engine entered service, that they have signed agreements making with engine overhaul shops located on three Hanwha eligible as a repair source for parts and continents. GTF engines will be maintained by a components on the GTF™ engine. Hanwha brings network of the industry’s top MRO companies. over 35 years of overhaul and repair experience There are currently seven active GTF MRO engine and coating capabilities to Pratt & Whitney’s shops: Pratt & Whitney Columbus Engine Center GTF aftermarket network. “We are focused on (CEC) in Georgia, U.S.; MTU Aero Engines in adding capacity and experience to best service Hannover, Germany; IHI Aerospace in Mizuho, our customers as we see shop visits increasing Japan; Lufthansa Technik (LHT) in Hamburg, over the next several years,” said Joe Sylvestro, Germany and Alzey, Germany; Pratt & Whitney West vice president, Aftermarket Operations at Pratt & Palm Beach in Florida, U.S.; and Pratt & Whitney Whitney. “Hanwha’s capabilities, combined with Eagle Services Asia (ESA) in Singapore. There will their willingness to invest, positions them well be 10 active GTF MRO engine centers by 2020. to support that growth with us today and into The GTF MRO network is part of Pratt & Whitney’s the future.” “We look forward to participating EngineWise™ service portfolio, which provides in the GTF aftermarket network. This expanded engine operators with a variety of aftermarket relationship with Pratt & Whitney contributes to services to maximize engine performance and Hanwha’s goal to become a major global player in fleet availability. Visit http://www.EngineWise. the aircraft engine industry and a partner to the com/contact for an interactive map of GTF MRO world’s leading aircraft engine manufacturers,” network providers and respective locations said Hyun-Woo Shin, president and CEO of Hanwha Aerospace Co., Ltd. Hanwha has worked with Pratt & Whitney since 1985 and has been a risk and revenue

28 Gecas And David Neeleman Agree To A Letter Of Intent For Nine A220-300 Aircraft

GECAS and David Neeleman’s new airline, service and satisfaction,” said Neeleman, adding codenamed ‘Moxy’, have agreed to a Letter of Intent “With a low cost of operation and spacious cabin, for the purchase and leaseback of nine A220-300 the A220 will allow us to provide passengers with aircraft with deliveries scheduled in 2021 and 2022. lower fares and a high quality, comfortable flying Mr Neeleman is a veteran airline entrepreneur, with experience. The A220’s ability to operate profitably a world renowned track record of success: he is the in thin, underserved markets across a broad founder of both JetBlue and Azul Brazilian Airlines, spectrum of ranges is unique.” “We’re exceptionally and the controlling investor in the consortium pleased to be a partner in David Neeleman’s vision which has turned around the fortunes of TAP Air and excited to welcome ‘Moxy’ as a new customer Portugal. Mr Neeleman’s latest startup airline will of GECAS and the A220-330 as a new type in our be based in the United States and will focus on fleet,” explained Declan Kelly, Chief Commercial getting travelers where they want to go, quickly, Officer of GECAS, noting “the A220 is ideal for conveniently and inexpensively. In a shift away this new venture – the new type is uniquely from crowded major metropolitan airports to suited to serve smaller markets by providing nearby secondary airports and providing direct the range needed for point-to-point operations flights that bypass the hubs aboard the industry’s with the right economics.” Plane View Partners, newest and most efficient single-aisle aircraft, the a Los Angeles based aviation and aerospace airline will drive time and cost efficiencies for its advisory firm, acted on behalf of the airline for passengers. “The A220-300 is the right airplane for this sale and leaseback transaction with GECAS. a new airline that will be focused on passenger

29 KGAL – Leaders In Closed Aircraft Funds

Aviation heads the FONDS professionell rankings – seize market opportunities swiftly, he explains. Closed aircraft funds managed by investment and “Our first aircraft fund was launched way back asset manager KGAL were rated very highly in an in 1979,” Managing Director Hörger continues, analysis published by investor magazine FONDS adding that 7.9 billion euros has been invested professionell, in which they accounted for 10 of into funds since then; specifically the following the 15 best-rated aircraft funds. The company was KGAL funds: Goal 22, 25, 27 and Skyclass 51, 53, named in positions 1–8, 10 and 11, with a surplus 54, 55, 56, 57, 58. Together with its subsidiary, per annum of up to 11.88%. Investor magazine GOAL German Operating Aircraft Leasing GmbH FONDS professionell analysed the performance of & Co. KG, KGAL launched a total of 32 operational 720 closed funds after their liquidation, and KGAL funds between 2001 and 2013, with 53 aircraft funds showed a capital increase of up to around for private investors. These included mutual 124%. “We focus on active asset management, and funds as well as private placements. Since 2013, on consistently and continuously exploring the KGAL has concentrated on aircraft portfolio market,” says Jochen Hörger, Managing Director funds for institutional investors. The company is of Aviation for KGAL Investment Management currently planning two new, very different fund GmbH & Co. KG, explaining the company’s success. concepts for this target group. Sources: Efonds, This method, coupled with the vast experience as at 22.4.19, FONDS professionell 2/2019 KGAL can draw on, is how the company is able to

30 Safran Signs Global Agreement With Pattonair

Leading global aerospace supply chain provider, delivering and reflect our strategic role supporting Pattonair, signed a global general terms of the development of Safran’s businesses. They are agreement (GTA) with Safran yesterday at the significant too in expanding Pattonair’s presence Paris Air Show in one of the first contracts of in the French and European aerospace sectors”. its kind placed by the Group with a distributor. Pattonair had built a successful relationship over The umbrella agreement enables Pattonair to a decade with Safran Helicopter Engines (SHE) service multiple divisions and comes on the and in 2016 earned SHE Gold Supplier status for back of a series of new awards by several Safran its innovation, quality and service, paving the companies, including Safran Nacelles, Safran way for subsequent contracts with other Safran Transmission Systems and Safran Ventilation companies. Pattonair serves a 2,000-plus blue Systems. The GTA was signed by Olivier Horaist, chip customer base spanning engine, airframe Safran VP for Production and Purchasing, and and systems customers, including Rolls-Royce, GE, Wayne Hollinshead, CEO of Pattonair. Wayne Pratt & Whitney, Airbus, MROs and the Aftermarket, Hollinshead said: “These awards are testament to from its global network of dedicated facilities. the world class service Pattonair prides itself on

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