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WORLD NEWS Qatar Airways announces acquisition of 5% Of China Southern Airlines Qatar Airways has announced that as part of its strategy to invest in the strongest airlines around the world and continue enhancing operations and network connectivity, on 28 December 2018, it has completed an on-market purchase of certain A shares and H shares of China South- ern Airlines Company Limited (“China Southern Airlines”), resulting in our The Group aggregate holding of approximately will offer significant career 5.00% of the total issued share capi- opportunities tal of China Southern Airlines. in 2019. Photo: Menzies announces major Lufthansa Group European expansion Etihad Menzies Aviation, the global logistics specialist serving the airline Lufthansa Group readies for take off industry, announced a variety of With 5000 new employees in 2019 contract wins which sees Menzies Approximately 5500 new employ- Training at the European Flight is as an employer with its various expanding its presence across Eu- ees will be cleared for take-off with Academy in 2019. In order to stabi- business areas,” says Bettina Volk- rope. Some wins include at Stock- a career in Lufthansa Group this lise flight operations after a turbu- ens, Chief Officer Corporate Hu- holm Arlanda, Menzies Aviation has year – in Germany, Austria, Switzer- lent summer, Lufthansa Group is in- man Resources and Legal Affairs been contracted to deliver ground land and Belgium alone, the home vesting approximately a quarter of at Deutsche Lufthansa AG. As an handling operations for Air Baltic. markets of the avia- international em- The contract is the first time Men- tion group. The com- ployer with employ- zies Aviation and Air Baltic will part- ees hailing from 147 ner at the airport and will see the pany is looking to “This shows once again how popular team handle five flights per day for hire over 1300 flight Lufthansa is as an employer with its different countries, the Latvian low-cost carrier. Men- attendants – primar- Lufthansa Group em- zies Aviation also provides ground ily at the Munich various business areas,” phasizes diversity – hub and at SWISS in and not just in terms handling operations to Air Baltic in says Bettina Volkens, Chief Officer Corporate Human Resources Gothenburg, Nice and Oslo. Zürich. For the core of language and ori- Lufthansa brand, and Legal Affairs at Deutsche Lufthansa AG. gin. “Equal opportu- SAA to increase services be- around 1200 new nities for men and tween Accra and Washington hires are planned at the Frankfurt a billion euros. For instance, around women at every level, that is what South African Airways (SAA), will and Munich hubs, in all business ar- 600 employees are being hired to I stand for and that is what I stand increase its frequency on nonstop eas. Lufthansa Group is also hiring a ensure quality in operations. up for,” Volkens says. “We offer a flights between Accra’s Kotoka In- large number of additional employ- highly professional environment, ternational Airport and Washington, ees worldwide. There are over 500 job profiles attractive employment conditions D.C.-Dulles International Airport to in the globally operating aviation and are standard-setting in profes- five days weekly starting 1 April 2019. In addition, up to 500 future pilots group that has over 550 subsidi- sional training. Moving forward, we SAA offers the only nonstop flight be- are to begin their training as flight aries and affiliates. “This shows plan to bring even more young em- tween Ghana and Washington D.C. students with Lufthansa Aviation once again how popular Lufthansa Continued on page 3 BOSTON | SHANNON | LONDON | SINGAPORE

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ployeesUnited isinto also the committed company thanto improving before as the well entertainment are planned options in Germany for include for this English year and closed al- captioning.this year. TheSelect group DIRECTV currently channels offers also ten include coop- ascustomers promote with our disabilities.talents through Earlier a wide this rangeyear, the mostairline 80 began will start offering their vocationalclosed captioning training whenat erativethe TV stationdegree programs makes it available.as well as vocationalUnited con- ofa new programmes.” main menu category on seatback on-demandSWISS that andis labelled Austrian Ac- Airlinestinues in to Switzerland add additional training accessible in 29 different entertainment skilled occupations and screening and op- cessible Entertainment. This new section makesand it easierAustria. for On custom top of- this,tions around across 60 itstrainees fleet. several trainee programmes. Overers with 300 hearing new positions and vision for challenges junior employees to find accessiblewill be offentertainment to a flying start in Lufthansa Group options, grouping all of the titles that are either audio descriptive or Unique highlights of United’s personal device entertainment program- closed captioned in one main menu category. Seatback on-demand is ming include: an exclusive partnership with VEVO, delivering new, cu- one of United’s entertainment options available on 757, 767, 777 and rated music video playlists each month; relaxation content including 787 aircraft. The carrier currently offers approximately 20 different Headspace, a popular meditation app and Moodica, which takes the AIRCRAFTmovies and TV & shows ENGINE that are NEWS audio descriptive andU.S. more start-up than 50 airline that brain“Moxy” on a confirmsmuch-needed order vacation for 60 using Airbus videos. A220-300s

JetBlue Airways firms up order for 60 Air- bus A220-300 aircraft JetBlueAIRCRAFT Airways & has ENGINE firmed upNEWS an order for 60 Orders and deliveries – Boeing and Airbus A220-300 aircraft, the larger model of the new A220AerCap series. leased, “As we purchased approach our and 20th sold anniver 114- Airbus v Boeing: Orders and Deliveries sary,aircraft the impressivein the first range quarter and economics of 2018 of the highly efficient A220, combined with the- out March 2018 YTD standingAerCap has performance announced ofits major our existing business transfleet- of Airbus Boeing actions during the first quarter of 2018. The Com- Airbus A321 and restyled A320 aircraft, will help Type Orders Deliveries Type Orders Deliveries ensurepany signed we deliver lease the agreements best onboard for experience 83 aircraft, to A320 Family 37 95 737 171 132 customersincluding 15 and wide-body meet our aircraftlong-term and financial 68 narrow- tar- getsbody as aircraft. we continue AerCap disciplined purchased growth seven intoaircraft, the A330 -6 8 747 14 2 including two Airbus A320neo Family aircraft, future,” said Robin Hayes, Chief Executive Officer, A340 0 0 767 7 4 JetBlue.JetBlue’stwo Airbus A350s existing and three Airbus Boeing fleet787-9s includes and executed sale transactions for 24 aircraft, includ- A350 193 A320 and A321ceo aircraft in operation, with 0 17 777 5 12 ing 11 Airbus A320 Family aircraft, four Airbus an additional 85 A321neo aircraft on order. A380 14 1 787 24 34 A330s, one Airbus A340, one Boeing 737 Classic, one Boeing 737NG, two Boeing 777-200ERs and Total 45 121 Total 221 184 one Boeing 787-8 from AerCap’s owned port- Source: Airbus Source: Boeing ATRfolio and twoAvation Airbus confirm A320 Family order aircraft for eight and ATRone Boeing72-600s 737 Classic from AerCap’s managed NewAirbus start-up booke airlined orders Moxy orders for eight 60 Airbus A320 A220-300s Family single-aisle jetliners in the NEO and CEOPhoto: versions Airbus portfolio. The Company continues to manage 12 during March, while delivering 56 aircraft in the month from across the company’s in-produc- Avation, the commercial passenger aircraft leas- aircraft that were sold from its owned portfolio Thetion U single-aisle.S. start-up airlineand widebody code-named product “Moxy” lines. has signed a firm order with Airbus to purchase ing company, and ATR confirm Avation has en- during the quarter. AerCap has signed financing 60Boeing A220-300 generated aircraft. a total Moxy of 197 is the orders new in airline March venture including led a bystaggering David Neeleman, 160 737s. oneDeliveries of the inin- tered into an options exercise to acquire a fur- transactions for US$2.9bn. dustry’sthe stated most month innovative reached entrepreneurs 91 planes across and the founder in-production of JetBlue productAirways. line. In addition to JetBlue, ther eight new ATR 72-600 aircraft for scheduled Neeleman also founded Azul Brazilian Airlines and is the controlling investor in the revitaliza- deliveries between 2020 and 2022. Jeff Chat- tion of TAP Air Portugal. Plans for Moxy, a low-cost airline, were unveiled at the Farnborough field, Executive Chairman, commented: “This -or International Air Show in July. “The A220-300 is the right airplane for a new airline that will derLion for Air eight Group additional orders aircraft 50 737 extends MAX 10Avation’s air- be focused on passenger service and satisfaction,” said Neeleman. “With a low cost of opera- tified on Boeing’s Orders & Deliveries website. orderplanes book and firm delivery horizon and contin- tion and spacious cabin, the A220 will allow us JetBlueto provide selects passengers Pratt with lower& Whitney fares and aGeared The Lion Air Group was the first to put the 737 ues the business growth in regional turboprops high quality, comfortable flying experience. TheTurbofan™ A220’s ability engines to operate profitably in thin, Boeing and the Lion Air Group have announced MAX 8 into service and the first to order the 737 out to 2022. In addition to this order, the compa- underserved markets across a broad spectrum of ranges is unique.” The order was completed the airline has purchased 50 of Boeing’s new 737 MAX 9. Last month, the Group became the first JetBlue Airways has selected the Geared Tur- ny has maintained its purchase rights and price the final week of December. Airbus will produce the A220-300 at a new U.S. assembly facility MAX 10 airplanes. The deal, valued at approxi- to take delivery of a 737 MAX 9, using the air- bofan™ (GTF) engine to power an additional protection over a further 25 aircraft extending to in Mobile, Alabama. Construction of that plant, to be located adjacent to the existing Airbus mately US$6.24bn at list prices, is the largest plane’s added capacity to launch several interna- 45 Airbus A320neo family aircraft. With the December 2025. We equally confirm our willing- A320 assembly facility, will begin later this month. incremental order to date of the MAX 10 vari- tional routes. airline’s previous order of 40 GTF-powered nessant. Theto potentially order was previouslyconvert some listed of asour uniden orders- A320neo family aircraft, JetBlue has now com-

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AIRCRAFT & ENGINE NEWS flyadeal signs commitment for up to 50 Boeing 737 MAX jets and or options to the freighter version which we foresee to have a positive outlook. We believe that the market for the ATR 72-600 will continue to be strong as the aircraft is the most fuel-efficient aircraft in its class and dominates sales in its market segment. Avation is satisfac- torily positioned as one of a few Lessors with a modest number of forward positions to offer to our airline customers.” Avation PLC (AVAP: LSE) is an aircraft leasing company, headquartered in Singapore, owning and managing a fleet of commercial passenger aircraft which it leases to international airlines across the globe.

Finnair closes sale and leaseback agree- flyadeal signs commitment for up to 50 737 MAX jets Photo: Boeing ment for one of its A350 aircraft flyadeal, the Middle East carrier, is growing its fleet with the Boeing 737 MAX to take advan- Finnair has finalised a sale and leaseback arrange- tage of the airplane’s fuel efficiency, range and passenger comforts. The airline committed to ment for one of its A350 aircraft with Nomura ordering 30 airplanes with options for 20 more in a deal that would be valued at up to US$5.9 Babcock & Brown, and BBAM Aircraft Manage- billion at list price. The deal is subject to both sides concluding final terms and conditions and ment as an arranger and lease servicer. In the ar- a purchase agreement. It will appear on Boeing’s Orders & Deliveries website once all contin- rangement Finnair sold the Airbus A350 aircraft gencies are cleared. flyadeal, a subsidiary of Saudi Arabian Airlines, offers affordable flights delivered in June 2016 to NBB and leased the air- within Saudi Arabia. Over the past year, the airline has conducted an evaluation process for craft back for its own operation. The initial operat- 50 narrowbody airplanes to support domestic growth and potential international expansion. ing lease period is 12 years, and the lease includes While flyadeal has been operating new Airbus A320s, the airline says it has selected the 737 extension options. The arrangement has a posi- MAX for the future. tive effect of approximately 44 million euro on Finnair’s operating result for the fourth quarter of 2018, comprising a gain on sale and currency gains on pre-delivery payments and hedges. Fin- Lagos-based Green Africa Airways signs commitment for up to 100 737 MAX 8 aircraft nair has ordered a total of 19 new A350-900 XWB aircraft from Airbus, of which twelve have now been delivered. According to the current delivery schedule, Finnair will receive the remaining seven A350 aircraft by the end of 2022.

Falco Regional Aircraft signs agreement with Avolon for purchase of 49 jet aircraft Falko Regional Aircraft (Falko), a market leading aircraft operating leasing and asset management company focused on the regional aircraft sector, has reached an agreement with Avolon in rela- tion to the acquisition of 49 regional jet aircraft (the portfolio). The Portfolio includes twenty- eight Embraer EJet and twenty-one Bombardier CRJ aircraft on lease to nine operators -world Green Africa Airways signs commitment for up to 100 737 MAX aircraft Photo: Boeing wide. The Portfolio has an appraised current market value in excess of US$1 billion. “We are Boeing and Lagos-based Green Africa Airways have announced a commitment for up to 100 delighted to have finalised another deal with 737 MAX 8 aircraft, evenly split into 50 firm aircraft and 50 options, as the airline gears up to Avolon. This acquisition is a major step forward begin commercial operations. The total deal carries a list-price of US$11.7 billion, the largest in the development of Falko and will expand our aircraft agreement from Africa, and will be reflected on Boeing’s Orders and Deliveries website portfolio to over 120 regional jets and turbo- once finalized. Green Africa Airways, a value airline based in Lagos, Nigeria aims to offer safe, props. Falko is now one of the world’s foremost quality and affordable air travel and be a significant contributor to the economic development aircraft operating lease companies focused on of Nigeria and the African continent. The new airline has received its Air Transport License the regional aircraft sector and we believe this from the Nigerian government and is anchored by a group of senior industry leaders led by deal is reflective of our market leading position.” Tom Horton, former Chairman and CEO of American Airlines, William Shaw, Founder and for- said Mark Hughes, Chief Commercial Officer, mer CEO of VivaColombia and Virasb Vahidi, former CCO of American Airlines. Falko Regional Aircraft Limited.  Everest Events Aviation Training & Events  @everestevents  Everest Events INVENTORY OPTIMIZATION & SUPPLY CHAIN MANAGEMENT SEMINAR 19 - 20 February 2019, Palma de Majorca, Spain

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Embraer signs agreement with Air Kiribati for up to 4 E190-E2 Embraer has announced the signing of a contract with the Government of Kiribati, in partnership with their national airline, Air Kiribati, for two- firmor ders for the E190-E2 E-Jets and two purchase rights for the same model. With all purchase rights being exercised, the contract has a value of US$243 million, based on current list prices. The order will be included in Embraer’s 2018 fourth-quarter backlog. Scheduled for a 2019 delivery, the E190-E2 will en- able the flag carrier for the Republic of Kiribati, located in the central Pacific, to fly longer domestic and international routes than it currently does with its turboprop fleet. Air Kiribati will be the launch operator for the E190-E2 in the Asia Pacific region (ex- cluding China). This order comes after a three-week Asia Pacific tour of the ‘Shark’ livery E190-E2 in Oc- tober, which included a stop in Tarawa, the capital of Kiribati. Spanning four time zones and comprised of more than 30 islands, Kiribati is the only country in the world to be in all four hemispheres. Air Kiribati signs order for E190-E2 -E-Jets Photo: Embraer

Rolls-Royce delivers 2,000th Trent 700 engine Rolls-Royce is celebrating another milestone in the Trent family success story with the delivery of the 2,000th Trent 700.The Trent 700, the original member of the now seven-strong Trent engine family, has become the clear market leader and engine of cus- tomer choice for the Airbus A330. Earlier this year Rolls-Royce celebrated the Trent 700 completing its 50 millionth flying hour, the equivalent to flying around the world more than one million times. The Trent 700 was the first member of the Trent engine family and has played a significant role in transforming Rolls-Royce into a truly global company. The Trent 700 has been Rolls-Royce’s best-selling engine, helping to increase its widebody market share from 13% in 1995 – when the engine was first introduced – to more than 50% by the early 2020s. The milestone comes as the Trent family story continues with the recent entry into service of the Airbus A330neo, powered by the seventh and most recent Rolls-Royce has delivered the 2,000th Trent 700 engine Photo: Rolls-Royce Trent family member, the Trent 7000.

Azul firms up order for additional 21 E195-E2 jets with Embraer Azul Linhas Aéreas Brasileiras S.A. and Embraer have signed a contract for a firm order for a previ- ously announced 21 E195-E2 jets. This agreement was revealed as a Letter of Intent (LoI) at the Farnbor- ough Airshow, in July. This contract has a value of US$ 1.4 billion based on current list prices, and will be included in Embraer’s 2018 fourth- quarter backlog. This contract is in addition to the 30 E195-E2 jets ordered by the airline in 2015, raising Azul’s total order to 51 Embraer E2 aircraft. Azul is the launch operator of the E195-E2 and will receive the first aircraft in 2019. Azul firms up order for 21 E195-E2