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WEEKLY AVIATION HEADLINES

Continued on page 3

In spite of challenging market con-ditions and falling profits, easyJet remains on the offensive in its fight for market share with legacy airlines. As CAPA reports, it is also making contingency plans to apply for an EU AOC to ensure continued int ra -European traffic rights in the post-Brexit future.

Announcing its 2016 end of year results, easyJet re-corded 73.1 million passengers, up 6.6% year on year with record load factor at 91.6% (2015: 91.5%). Ca-pacity grew by 6.5% in the period to 80 million seats but revenue de-clined to total of £4,669 million (a decline of 0.4%) and revenue per seat of £58.46 (a decline of 6.4%, and of 6.9% at constant currency

reflecting the impact of external events, the airline claims.

easyJet has confirmed that it is in the process of establishing a new European Union-registered AOC. CEO Carolyn McCall has also con-

firmed that easyJet’s head office will remain at Luton in the UK.

As CAPA’s report continues, al-though easyJet’s preference would be for the UK to negotiate contin-ued full internal access to the Euro-pean single aviation market, it can-not control this process and there

is some uncertainty about how this might turn out. The UK government plans to trigger Article 50 in March 2016, but the process of leaving the EU will then take two years, and negotiating its future relationship could take longer.

C o m m e n t i n g on the results, Carolyn Mc-Call, easyJet Chief Executive said: “easyJet

achieved a resilient performance in 2016, in the face of significant chal-lenges including a series of external events and foreign exchange head-winds.

“Looking ahead, the easyJet model remains strong as does the demand

“easyJet achieved a resilient performance in 2016, in the face of significant challenges.”Carolyn McCall, easyJet Chief Executive

WORLD NEWS

Profits have dropped

but growth will take off.

Photo: Airbus

ISSN 1718-7966 NOvEMbER 21, 2016/ vOL. 567

EasyJet profits tumble Plans for new EU-registered AOC

Budapest Airport boosts Canadian connectionsOn course to record its best-ever year, budapest Airport announces another significant development to its route network. Less than a year into service, Air Canada rouge has confirmed it will strengthen the airport’s links to Canada and increase its existing thrice-weekly operation to five-times weekly from 19 May 2017. Following high-ly successful operations in its first few months, the leisure carrier’s additional connections to Toronto Pearson will mean close to 15,000 extra seats next year, increasing budapest’s weekly capacity to Canada by 47%.

United opens automated screening lanes at ChicagoUnited Airlines further modernised the airport security experience by becoming the first U.S.-based car-rier to feature state-of-the-art, automated screening lanes at mul-tiple airports with the opening of its fully redesigned TSA Precheck® security checkpoint in Terminal 1 at the airline’s hometown hub of Chi-cago O’Hare. Additionally, United becomes the first and only airline in the country to exclusively dedi-cate automated lanes to a TSA Pre-check® security checkpoint, con-tinuing to increase efficiency and improve the screening experience for its customers.

SIA and Lufthansa Group expand codeshareSingapore Airlines (SIA) and the Luf-thansa Group are further expand-ing their codeshare to include over 20 new routes on Lufthansa- and SWISS-operated flights, to and from points in Europe.

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AerFin completes sale of one Embraer 170 aircraft to People’s Viennaline

AerFin has sold one Embraer 170 aircraft, MSN 0093, to Austrian operator People’s viennaline. MSN 0093 enters People’s viennaline regional operation as the second aircraft supporting the operator’s links between Altenrhein and vienna, providing 23 weekly flights. Latest route exten-sions include Altenrhein – Friedrichshafen and Cologne bonn, which commenced on Novem-ber 2. The airline will operate the airport trio link twice-daily on weekdays and the short hop be-tween Altenrhein and Friedrichshafen, a 19-kil-ometre 8-minute sector, is one of the shortest commercial international flights in the world. The connection between Friedrichshafen and Cologne Bonn is a 393-kilometre pairing.

BOC Aviation signs lease agreement for five new Airbus A321 aircraft with Juneyao Airlines

bOC Aviation has signed lease agreements for five new Airbus A321-200 aircraft with Juneyao Airlines. All five aircraft are scheduled for deliv-ery to Juneyao in 2017. Juneyao Airlines is a sub-

AIRCRAFT & ENGINE NEWS

environment and we continue to see opportunities in the medium term to grow revenue, profit and shareholder returns. In a tougher operat-ing environment strong airlines like easyJet will get stronger and we will build on our already well-established network.

“Almost half of our growth next year will be in the UK, with significant growth also in Switzerland, France and Italy. Our strategy of strengthen-ing our positions at our key airports will see double digit growth in key bases in London, Manchester, venice, berlin and Amsterdam.”

easyJet expressed confidence that its network would not be affected by brexit. Its plan for an EU AOC was to secure intra-EU traffic rights in the event that its UK AOC could no longer operate on intra-EU routes post-Brexit.

...continued from page 1

McCall says almost half of growth next year will be in the UK Photo: easyJet

Aeromar signs for 8 firm ATR -600 series aircraft

The turboprop aircraft manufacturer ATR and the Mexican carrier Aeromar have signed a firm contract for the purchase of 8 ATR -600 series aircraft (6 ATR 72-600s and 2 ATR 42-600s). The deal also includes options for 6 additional ATR 72-600s.The ATR 42-600s will be configured with 48 seats and the ATR 72-600s will have 72 seats. With the introduction of these latest-generation turboprop aircraft, the airline will progressively re-place and upgrade its current fleet, which today includes 9 ATR 42-500s, 4 ATR 42-300s and 2 ATR 72-600s. The aircraft will also enable Aeromar to add passenger capacity to boost the number of main routes and create new connections to its regional network across the country. The first of the new ATR -600s will arrive in December 2016. Aeromar is a long-standing partner of ATR, having been operating ATR aircraft for almost 30 years, since the carrier was founded in 1987.

Aeromar signs for 8 firm ATR -600 series aircraft Photo: ATR

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sidiary company of Shanghai Juneyao (Group), one of China’s top 100 private companies. Shanghai is the operating and maintenance base of JuneYao Airlines whose hubs are at Hongqiao and Pudong international airports. Juneyao Air-lines mainly operates domestic air transport of passenger, cargo and mail, business and tourist charter, as well as flights to Hong Kong, Macao and neighboring countries.

Embraer signs agreements with United Airlines and Republic Airways

Embraer has signed a firm order with United Airlines for the sale of 24 E175 jets. This order represents a transfer of 24 E175 jets previously placed with Republic Airways Holdings, currently in Embraer’s backlog, which will be cancelled. The 24 aircraft ordered by United Airlines are scheduled for delivery in 2017. The contract has a total value of US$1.08bn, at list price. This backlog movement will be reflected on Em-braer’s 2016 fourth-quarter results and does not have an incremental impact on the company’s current backlog.

Synergy Aerospace purchases 12 ATR 72-600s for new subsidiary Avian Líneas Aéreas

ATR and the South-American company Synergy Aerospace have announced a firm order for the purchase of 12 ATR 72-600s, plus six options. The aircraft are to be operated by the group’s new subsidiary in Argentina, Avian Líneas Aéreas, branded as Avianca Argentina under a license agreement. The ATR 72-600s will be configured with 72 seats and feature the most modern standards of performance and passenger com-fort. They are the most fuel and eco-efficient air-craft of their category. Launching its operations with the latest-generation ATR 72-600s, Avian Líneas Aéreas will provide an essential service across the Argentinian market, introducing new regional routes and connections to and from main hubs, first in buenos Aires and then in Cór-doba. The first delivery is expected before the end of the year, with entry into service planned for the first quarter of 2017.

Airstream International Group arranges sale of second DHC-8-Q311 aircraft to CemAir, South Africa

Airstream International Group has arranged the sale of a second DHC-8-Q311 aircraft to CemAir, South Africa. The aircraft sale was arranged on behalf of a global investor. The aircraft, MSN 467, was delivered at the beginning of November and has followed MSN 571, which was delivered in late May, 2016, and both have joined CemAir’s existing fleet of CRJ100/200s, beech 1900Ds and a DHC-8-100. Airstream has been very active re-marketing DHC-8 aircraft, successfully arranging the sale or lease of 29 bombardier aircraft in the last few years.

Milestone Aviation Group leases Sikorsky S-92 to Omni Táxi Aéreo

Milestone Aviation Group, a GE Capital Aviation Services company and global leader in helicopter leasing, has leased a Sikorsky S-92 to Omni Táxi Aéreo S.A., to support Petrobras’ offshore opera-tions in brazil. Milestone has provided the S-92 to Omni on a flexible one-year lease to support their operations. This is the 12th aircraft that Milestone has leased to Omni.

Peach to buy 10 A320neo and threeA320ceo aircraft

Peach Aviation has decided to purchase A320n-eo aircraft from Airbus and has signed an agree-ment to buy 10 aircraft. This will be the first time for a Japanese low cost carrier to order A320neo aircraft. Peach has also signed an agreement to purchase three A320ceo aircraft. The first A320neo is scheduled to be delivered by sum-mer 2019.

NAC signs purchase and lease back agreement with Air Europa for seven Embraer E195s

Nordic Aviation Capital (NAC) has confirmed that it has purchased and immediately leased back seven Embraer E195s to Air Europa. This trans-action involved MSNs 19000303, 19000344, 19000357, 19000401, 19000425, 19000437 and

AIRCRAFT & ENGINE NEWS19000452. The aircraft will be operated by Air Europas sister company, Aeronova.

Chorus Aviation delivers first Bombardier CRJ1000 regional jet to Air Nostrum

Chorus Aviation has delivered the first of four bombardier CRJ1000 regional jets to Air Nos-trum, Lineas Aereas Del Mediterraneo, S.A. (‘Air Nostrum’), officially launching its regional air-craft leasing transaction with the European car-rier. On November 9, 2016, Chorus announced a plan to purchase and lease four new CRJ1000 regional jets to Air Nostrum. The remaining three aircraft are scheduled to be delivered in December 2016, and in July and October 2017, respectively.

Lufthansa Technik provides complete support for A350

Lufthansa Technik AG is equipped to perform all work required for the complete maintenance of the new Lufthansa Airbus A350-900. The team is trained and ready to go and the company is licensed by the German Federal Aviation Office (LbA). The handing over of the “base Mainte-nance Approval” certificate by the LbA brings to an end an intense period of preparation. More than 100 employees of Lufthansa Technik spent in excess of 18 months working in eight related sub-projects. Now Lufthansa is to roll out a new aircraft type in Munich for the first time – a spe-cial challenge in the framework of the project. 28 employees in aircraft maintenance in the bavarian capital are already extensively quali-fied for the new aircraft type, while a good 200 others will complete training in areas such as new methods of damage detection, and repair for carbon fiber-reinforced structures, among others. Lufthansa Technik will invest just under 10,000 course days in this training on new tools, equipment, procedures. The engine transport stand represents the most significant resource on which an engine – split in two – can be trans-ported in Lufthansa Cargo freighter aircraft.

MRO & PRODUCTION NEWS

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WEEKLY AVIATION HEADLINES

There are more than 5,000 new part numbers available in stock in Munich alone. The mainte-nance concept was developed in close coopera-tion between Lufthansa Technik Aircraft Mainte-nance in Munich and Engineering in Frankfurt. Engineers will relocate their offices from Frank-furt to Munich when the A350 operations com-mence. There will also be employees from Airbus, Rolls-Royce and Panasonic on hand to provide support in the first few weeks so that a high level of technical reliability can be ensured from the outset.

Safran delivers first jet engine exhaust system component for Boeing’s 777X airplane

The initial jet engine exhaust system component for boeing’s new 777X airplane has been deliv-ered by Safran Nacelles, achieving another on-time milestone in this Safran group company’s first major role as a supplier to the U.S. aircraft manufacturer. Provided to boeing was the ex-haust system’s center body – a complex-shaped unit that contributes to the proper aerodynamic flow of exhaust from the 777X’s General Electric GE9X turbofan engines. The two-piece exhaust system center body was delivered from Safran Nacelles’ Le Havre, France, production facility. It is composed primarily of titanium and incor-porates an acoustically treated area for reduced engine noise levels. A second development unit is in production at Safran Nacelles for delivery to boeing before year-end, involving the center body, the nozzle and the center vent tube – rep-resenting a complete exhaust system.

AFI KLM E&M to provide Air Mauritius ATR component support

AFI KLM E&M, which already supplies aircraft maintenance services for the entire Air Mauri-tius Airbus fleet, has signed a contract with the Mauritius carrier to organize power by the hour component support for its ATR 72-500s. The agreement covers the three aircraft already op-erated by Air Mauritius and may be extended if new aircraft are brought into the fleet.

GA Telesis acquires two A320-200 air-frames

GA Telesis has acquired two A320-200 (MSN 1093 and 1108) aircraft from Sunrise Asset Man-agement, a subsidiary of Allegiant Travel Com-pany. Components harvested from the aircraft will be used to support the company’s A320 component solutions, SNAP, I-GEAR and ACCESS programs.

Vector Aerospace completes first Pratt & Whitney Canada PW305A engine test at UK facility

vector Aerospace, a global independent provider of aviation maintenance, repair and overhaul (MRO) services, has recently completed its first Pratt & Whitney Canada (P&WC) PW305A en-gine test at its Fleetlands facility in Gosport, Hants, UK. The announcement highlights vector’s continuous growth in the business and general aviation engine support market. Commenting on the milestone of the first PW305A pass-off test, Simon Jones, vice President – business Development at vector Aerospace, commented: “This recent capability introduction, along with the addition of PW305 and PW306 variants to our existing P&WC Designated Overhaul Facility (DOF) authorization for the PW300 family, enables vector Aerospace to provide op-erators with comprehensive support for this hugely popular series of engines. We are now pleased to offer total support, including global Mobile Repair Team (MRT) coverage, for the PW305A/b, PW306A/C, PW307A and the PW308A/C.” vector’s long-running relationship with Pratt & Whitney Canada also includes full support for the PT6A turboprop family, as an author-ized Distributor and Designated Overhaul Facility (DDOF), and comprehensive support of the JT15D, PT6T, PW100 and PW150A powerplants as a P&WC Designated Overhaul Facility (DOF).

Vector technician works on aircraft engine Photo: Vector Aerospace

MRO & PRODUCTION NEWS

Rolls-Royce wins SelectCare order from Icelandair

Rolls-Royce has won an order to provide Select-Care services for Rb211 engines that power 28 Icelandair aircraft. The order continues to de-velop the close and highly successful relation-ship between Icelandair and Rolls-Royce, which reaches its 60th anniversary next year. SelectCare is an innovative service, launched earlier this year, which allows customers to tailor the services they require across an agreed number of engine shop visits to match their service needs and budget.

Spirit AeroSystems launches water recycling project

Spirit AeroSystems has announced the instal-lation of a water recycling project, designed to improve factory efficiencies and conserve water. Construction of a dedicated three-mile

pipeline has been completed, allowing Spirit to begin purchasing up to 500 million gallons of re-cycled water per year from the City of Wichita for use in manufacturing aerospace structures. To further improve its factory efficiencies and to prepare for production rate increases, Spirit will begin purchasing more than a million gallons of recycled water daily, decreasing its total potable water usage by 70%. Since 1998, Spirit has recy-cled more than 11 billion gallons of water using its internal reverse osmosis system, recycling on average two million gallons of water per day in 2016. The recycled water supply from the city will increase Spirit’s total use of recycled water to more than three million gallons per day.

RUAG opens regional component repair center in Subang, Malaysia

The official opening of the new RUAG Aviation component repair center in Subang, Malaysia,

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WEEKLY AVIATION HEADLINES

Magnetic MRO signs long-term agreement with Air Astana for evacuation systems

Magnetic MRO, the Estonian-headquartered global MRO service provider, has recently signed a long-term agreement with Air Astana, flag carrier of Kazakhstan, supporting the operator’s escape slide repair and overhaul requirements. Two years ago, Magnetic MRO added the es-cape slide workshop to its wide range of repair services, and has been continuing to expand into new capabilities and service offerings in order to meet the requirements of customers. As a result of a high quality service provided throughout the escape slide workshop unit, Mag-netic MRO continues to grow its customer base. based on the needs of Air Astana’s fleet, as well as other existing airline customers, Magnetic MRO has developed its capabilities to cover both Goodrich and Air Cruisers escape slides for the boeing b767, b757, b737 CL, b717-200 and the Airbus A320 Family, accompanied by raft capability.

Magnetic MRO and Air Astana sign long term agreement for evacuation systems Photo: Magnetic MRO

confirms the aircraft provider’s commitment to the region. The center serves the company’s position as a component services hub for avia-tion customers and OEMs in Asia. The announce-ment of the opening follows on a successful au-dit and European Safety Agency (EASA) Part 145 approval. The opening formalizes and confirms RUAG Aviation in its role as an established sup-plier, life cycle support provider and integrator of systems and components for civil and military aviation based in Malaysia serving the Asia re-gion. Through this investment it reinforces the company’s commitment to the Malaysian aero-space industry and further develops the techni-cal capabilities using local workforce engaging in effective knowledge sharing and skills. RUAG Aviation Malaysia is establishing this new center to provide maintenance, repair and overhaul (MRO) services for aircraft components.

Manufacture of parts of Malaysia Airlines’ A350 XWB begins in Malaysia

Manufacture of parts for the first of six new Airbus A350-900s for Malaysia Airlines berhad (MAb) has begun around the world – including in Malaysia. CTRM and Spirits Aerosystems, two of Airbus’ Malaysia-based industrial partners, have begun producing components for the aircraft at their plants in Melaka and Subang, respectively. Airbus A350 XWb work undertaken at CTRM and Spirit Aerosystems currently includes the manu-facture of components for wings and engine na-celles. Powered by two Rolls Royce Trent XWb engines, MAb’s six new A350-900s will be ac-quired on lease from Aircraft Lease Corporation (ALC) and will be delivered between the fourth quarter of 2017 and the second quarter of 2018. The airline will operate the aircraft on its pre-mium routes with a luxurious three-class layout.

PPG coatings systems selected by Airbus for A350-1000 launch aircraft

One of three Airbus A350-1000 flight-test air-craft has been painted in the Airbus livery with a selectively strippable system by PPG that short-ens repaint cycle time using DESOTHANE HD 9008 basecoat-clearcoat for high-intensity, long-lasting color. A PPG low-density fuel tank and fuselage sealant provides the three flight-test aircraft with weight savings compared with tra-ditional sealants and will be used on production A350-1000 airplanes to benefit operators. For the selectively strippable system, chrome-free DESOPRIME HS 7049 primer by PPG was applied over the existing base primer and F565 interme-diate coating added over it, and then the aircraft was painted with Desothane color basecoat and

MRO & PRODUCTION NEWS

H135 receives EASA certification for Helionix avionics suite

The light-twin helicopter H135 received type certification by the European Aviation Safety Agen-cy for its new Helionix cockpit. The avionics system, designed by Airbus Helicopters, offers opera-tors increased mission flexibility and safety. Helionix is a family concept with standardized fea-tures and is already available on the H175 and H145. Axel Humpert, Head of H135 Programme said: “The certification of the H135 with Helionix marks another milestone in the permanent evolution of this helicopter. The Helionix cockpit system with 4-axis autopilot significantly re-duces the workload of the pilot and brings the H135 to an unrivalled level of safety due to the additional functions and mission features it adds to the H135’s capability.”

H135 SN2002 Helionix Cockpit Photo: Airbus Helicopters

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WEEKLY AVIATION HEADLINES

clearcoat. When it is time for repainting, only the intermediate coating, basecoat and clearcoat will need to be removed for new applications, leaving Desoprime primer and the underlying base primer intact, reducing aircraft downtime by about 30 to 40%. Desothane HD 9008 base-coat-clearcoat has a color-saturated basecoat that achieves opacity with less paint than direct-gloss topcoats and a high-shine clearcoat for exceptional service life.PR-1782 low-density air-craft fuel tank and fuselage sealant by PPG offers as much as a 30% weight saving by volume over traditional sealants used for those applications, affording enhanced aircraft fuel economy. It is qualified by Airbus for all of the aircraft manu-facturer’s airframes. The coatings, sealant and associated products for the A350-1000 aircraft are sourced from PPG facilities in Shildon, Eng-land, Gonfreville, France, and Mojave, California, US; and from the bezon, France, plant operated by PPG joint-venture Sealants Europe.

AAR and Air New Zealand Form Strategic Partnership for Components

AAR, a global leader in the aviation aftermarket, has entered into a long-term contract with Air New Zealand to provide nose-to-tail, cost-per-flight-hour rotable inventory support covering 740 parts and 15 of the airline’s b777 aircraft. Un-der reciprocal terms of the agreement, Air New Zealand will become AAR’s exclusive component repair provider for selected parts in the Asia-Pacif-ic region and preferred supplier for selected parts worldwide. This contract establishes a compo-nent inventory and repair partnership for AAR in the growing Asia-Pacific region with an AAA-rated carrier. It also marks AAR’s first PbH agreement solely focused on the b777 aircraft, the flagship carrier and international workhorse connecting New Zealand to the rest of the world.

MRO & PRODUCTION NEWS Etihad Airways Engineering and Airbus sign MoU to develop A380 MRO services in Abu Dhabi

Etihad Airways Engineering and Airbus have signed a Memorandum of Understanding (MOU) to work jointly on the development of a new A380 MRO services offering. With this partner-ship, Airbus and Etihad Airways Engineering will combine their respective skills to offer the market a value-adding MRO service solution for worldwide A380 operators, starting in 2017. The partnership aims to establish A380 maintenance, engineering and upgrades capabilities in Abu Dhabi to provide third-party support for airlines’ A380 fleets by providing efficient turn-key solutions. A380 customers will thus be able to have their A380 fleets’ heavy maintenance checks and upgrades installations performed concurrently ‘under one roof’ in Abu Dhabi. In addition, all necessary consumable and expendable parts (needed for the heavy checks and upgrades service bulletin embodiment) will be provided on-site by Airbus’ dedicated inventory management subsidiary – Satair Group. The service will also be particularly useful to those A380 operators who already have ‘in-house’ MRO capability, but whose own facilities are fully booked with work and therefore they need to offload some heavy checks and upgrades to a third-party facility which is backed by Airbus. To this end, Airbus is proud to count Etihad Airways Engineering as a valuable partner to offer these services, in the relentless pursuit of innovation, quality and competitiveness.

Airbus and Etihad Airways Engineering to develop A380 MRO services in Abu Dhabi Photo: Etihad Airways Engineering

approvals. Upon funding, the credit facilities will have seven-year terms with balloon payments at maturity, and bristow’s obligations will be se-cured by SAR helicopters, with one credit facility secured by three Sikorsky S-92 helicopters and the other credit facility secured by five Leonardo AW189 helicopters.

British Airways announces US$110m air-port experience investment

british Airways has announced plans to invest US$110m in its U.S. airport facilities. This in-cludes over US$65m invested in JFK’s Terminal 7 to improve the customer journey at check in, se-curity and boarding gates, as well as a refurbish-

ment of its First and business Class lounges. The british Airways’ lounges in boston, San Francis-co, Miami, Chicago, Houston and Seattle will also undergo development to enhance the customer experience. The airline has also announced a new partnership with Alaska Airlines to give cus-tomers the option to connect onto british Air-ways from even more U.S. cities. Customers can now book seats on Alaska Airlines’ flights from seven new destinations across the west coast of America and three in Hawaii direct on ba.com, allowing smoother bookings and connections for American travelers heading to the UK and Europe. british Airways recently announced it is investing more than US$500m in its Club World (business) cabin; this transformation will include improvements in the quality and choice

Bristow Group enters into new US$200m equipment financings

bristow Group and its subsidiaries has entered into two seven-year GbP-denominated secured equipment financings for an aggregate US$200m equivalent with Lombard, part of The Royal bank of Scotland. The proceeds from the financings will be used to finance eight search and rescue (SAR) helicopters being utilized for the SAR con-tract with the U.K. Department for Transport. The credit facilities are expected to fund no later than the first quarter of calendar year 2017 and are subject to both U.K. and U.S. governmental

FINANCIAL NEWS

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WEEKLY AVIATION HEADLINES

Ala. Similarly, many positions in Kent, Wash., will move to nearby Tukwila. boeing also will close its El Paso, Texas, and Newington, va., sites. With the moves, Los Angeles County gains about 1,600 positions, with St. Louis gaining 500 and Huntsville about 400. To bolster that effort, boe-ing Defence Australia, boeing Defense Saudi Ara-bia, and boeing Defence United Kingdom will be aligned and managed in a new global operations group led by David Pitchforth. He will also con-tinue as managing director of boeing Defence UK. While Pitchforth will report directly to Caret, those three organizations will continue operat-ing independently.

Rockwell Collins to support cockpit equip-ment for U.S. Army CH-47F

Rockwell Collins recently won a follow-on service and support contract for its Common Avionics Architecture System (CAAS) on the U.S. Army’s CH-47F helicopter fleet. The contract covers up to 1,910 units by 2021. Originally fielded on the CH-47F aircraft in 2007, Rockwell Collins’ CAAS integrates multiple communications, naviga-tion and mission subsystems through its flex-ible Flight2 system. The CAAS solution utilizes common, reusable processing elements in each piece of hardware and incorporates an open sys-tems architecture based on commercial stand-ards. The commonality of hardware components is designed to provide lower total life cycle cost and reduce expenditures for technology inser-tion and supportability.

of meals, as well as the service experience and sleep enhancements such as luxury bedding.

DVB Bank posts consolidated net loss before taxes of €27.3m for the first nine months of 2016

Underscoring the continued focus on its core in-ternational transportation markets, Dvb closed a total of 102 transactions generating €4.2bn in robust and valuable new business volume (pre-vious year: 137 transactions with a volume of €5.0bn). Net interest income rose to €168.4m (previous year: €151.6m). New business in Avia-tion Finance and Land Transport Finance contin-ued to develop successfully. In the persistently difficult segments of the shipping industry, the bank continues to be available to current clients, and selected new clients – given reduced oppor-tunities to originate new business, however, on a lower level. The bank maintained its successful path in the fee and advisory businesses, increas-ing net fee and commission income by 3.8% to €79.8m (previous year: €76.9m). Moreover, Dvb managed to keep general administrative expens-es of €134.3m stable in line with the previous year (€133.7m) – in spite of continued high ex-penses incurred from regulatory-driven projects. (€1.00 = US$1.07 at time of publication.)

FLY Leasing reports third quarter 2016 financial results

FLY is reporting net income of US$22.9m for the third quarter of 2016. This compares to a restat-ed net income of US$27.5m for the same period in 2015. Net income for the nine months ended September 30, 2016 was US$34.7m. The restat-ed net income was US$3.7m for the same period in 2015. Adjusted net income was US$17.3m for the third quarter of 2016, compared to US$41.1m for the same period in the previous year. For the nine months ended September 30, 2016, adjusted net income was US$48.7m com-pared to US$83.7m, for the same period in 2015. During the third quarter FLY acquired seven air-craft at a cost of US$467m and sold three older

FINANCIAL NEWSaircraft for a gain of US$4.1m, a 19% premium to net book value

Republic Airways intends to emerge from Chapter 11 in first quarter of 2017

Republic Airways Holdings has filed its Plan of Reorganization (the “Plan”) and a related Disclo-sure Statement with the U.S. bankruptcy Court for the Southern District of New York. The Plan sets a course for the company to emerge dur-ing the first quarter of 2017, and was filed with the full support of the Creditors Committee. The Plan outlines that the company will emerge as a single air carrier operating the world’s largest fleet of E170/E175 aircraft, under the Republic Airline name. The Disclosure Statement fur-ther discusses the significant operational and economic benefits the company has achieved in Chapter 11, including the renegotiation and extension of its capacity purchase agreements with American, Delta, and United; favorable amendments to all core supplier and services agreements; the accelerated removal of out-of-favor aircraft; and the restructuring of the debt on over 80 EJET aircraft. Collectively, the ac-complishments achieved in Chapter 11 will sig-nificantly streamline the company’s operations, enhance its competitiveness, allow for new E175 deliveries for United beginning in April of 2017, and insures the company has access to adequate liquidity to support its long-range business plan.

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Boeing to consolidate Defense and Space sites to improve operating efficiency

boeing is taking steps to operate its Defense, Space & Security business more efficiently through facilities’ consolidations and work movements that will increase employment in Los Angeles County, St. Louis, and Huntsville, Ala. by the end of 2020, boeing will reduce facili-ties’ space by approximately 4.5 million square feet. Along with that, many positions in Hun-tington beach will move to El Segundo, Long beach, and Seal beach in Southern California, with others moving to St. Louis and Huntsville,

MILITARY AND DEFENCE

AerData, a Boeing Company, and KLM Engine Services have signed an agreement for AerDa-ta’s Secure Technical Records for Electronic As-set Management (STREAM) and Engine Fleet Planning and Costing (EFPAC) software and managed services. AerData’s software and ser-vices improve efficiencies and enhance com-petitiveness for customers, including some of the world’s largest airlines, lessors and MROs. EFPAC is a leading engine management solu-tion, specifically designed to maximize time

OTHER NEWS

10

WEEKLY AVIATION HEADLINES

on-wing by optimizing engine maintenance planning. With EFPAC, engine maintenance planning, spares availability and budgets can be optimized in real time by integrating tech-nical and operational data with lease require-ments and fleet renewal considerations, re-sulting in significantly reduced costs per flight hour. STREAM is the industry’s foremost web-based solution to manage aircraft and engine records. With STREAM and AerData’s exper-tise, KLM Engine Division will process all their historical paper records and implement elec-tronic records filing procedures in all phases where records are produced. As a result, KLM Engine Division is able to address customer enquiries more swiftly and lower costs, whilst simultaneously complying with the latest in-dustry standardizations in records and engine transitions.

Republic Airways Holdings has taken delivery of a new state-of-the-art cabin trainer at the Indianapolis Training Center, where thousands of pilots and flight attendants will use the fa-cility each year. The 15-ton, 60-foot-long cabin trainer is a scaled-down version of an Embraer 170/175 interior, complete with a cockpit, galley, two-class seating, lavatory, emergency escape slide and more. Instructors control the training environment via a computer screen hidden inside the wardrobe closet, or via a Wi-Fi tablet. It is the first of its kind in the regional industry, according to manufacturer RP Aero of England. Only a handful of countries have cabin trainers as complete, including Russia, Australia, Singapore and France. RP Aero has done similar modules for Republic’s codeshare partners American Airlines, Delta Air Lines and United Airlines.

Trine Aero have secured a dealership agree-ment with L-3 Avionics Systems. The new agreement will continue to expand the com-pany’s growing avionics capabilities. Trine

OTHER NEWSAero, a full-service provider of aviation and aerospace products and services, can now offer an expanded scope of services to their customers as an Authorized Dealer of L-3 Avi-onics Systems. These advances include war-ranty support, avionics upgrades, authorized support of L-3 Avionics Systems in repair, and installations.

Air BP, the international aviation fuel products and services supplier, and AKR, an Indonesian distributor of chemicals, petroleum, logistics and supply chain solutions, have signed a joint venture agreement. The joint venture compa-ny, PT Dirgantara PetroIndo Raya, will operate under the name of Air bP-AKR Aviation with the remit to develop an aviation fuel business in Indonesia. Indonesia is one of the world’s fastest growing aviation markets where do-mestic travel is projected to grow by an aver-age 15% per year, reaching 180 million passen-gers in 2021. The market is being driven by the strong economy with a growing middle class, an archipelago geography and increased tour-ism. Indonesia is now the world’s fifth-largest domestic market, behind the US, China, Japan and brazil. Air bP and AKR see huge potential within the Indonesian aviation fuel sector. The joint venture intends to support the devel-opment of Indonesia’s aviation industry and contribute to the growth of its economy by investing in infrastructure, applying the latest innovative technology and operational best practices for the supply of aviation fuel. Pho-to: Air bP, Text: left to right Haryanto Adikoe-soemo President Director AKR and Jonathan Wood Chief Strategy and business Develop-ment Officer Air BP

INAir Legacy Avionics Solutions, an FAA- and EASA-Approved Part-145 Certified Repair Station specializing in the support of legacy cockpit CRT displays and instrumentation, has completed a recent brand evolution. Formerly known as INAir Aviation Services, the brand evolution is part of a company-wide initiative to better align to the needs of legacy avionics operators with easy access to support and ser-

vices. Further, these changes solidify INAir’s dedication to the legacy avionics overhaul and repair market well into the future. Most no-ticeable to the market will be an all new logo, company descriptor and accompanying tag-line, “Fly Today, Fly Tomorrow”, that not only modernizes the image, but communicates the company’s focus and mission.

CTT Systems AB, a leader in aircraft humidity control systems, has receives a Zonal Drying order for 5 Boeing 757-200s and 3 767-300s to be retrofit installed by AZUR Aviation, with deliveries between December 2016 and Au-gust 2017. Peter Landquist, vP Sales & Mar-keting, CTT Systems Ab, comments: “We are privileged to receive an order from AZUR Avia-tion, a new customer valuing the benefits of mastering the root-cause of fuselage conden-sation from the very first operation. Hereby, the new aircraft will not gain weight from ac-cumulated water/ice accretion (which increas-ing fuel and CO2 burn) and it will not expe-rience moisture problems, such as electrical failures, which increase cost.”

GE Aviation and COMAC have signed an MOU on digital collaboration. This agreement brings the cooperation between COMAC and GE to a new level from the aircraft engines and sys-tems to now broadening their relationship to the use data and analytics to bring great-er operational efficiency to their operations. Under the agreement, COMAC and GE plan to jointly explore and collaborate on digital solutions and applications on customer and product support monitoring and diagnostics, intelligent aircraft and brilliant manufacturing. The two companies will set up a joint team to launch pilot projects based on an earlier out-come-based workshop and exchanges to verify the technical trends for further collaboration. Through the partnership, data scientists, soft-ware developers and architects from GE and COMAC plan to work together to refine some of the ten billion data points produced by the aviation sector annually into solutions that can achieve greater fleet intelligence and op-erational insights.

SR Technics has opened a new training center in Masdar City, Abu Dhabi, offering flexible, comprehensive training solutions to supple-ment the company’s existing training facilities in Zurich, Switzerland. Since 2008 SR Technics has provided the employees of various regional airlines in the Middle East with basic mainte-nance training and type rating training, both of which help to obtain a valid Aircraft Main-tenance License (AML) and to release aircraft back into service. The new modern training center is designed to serve regional and in-

Republic Airways’ new 170/175 cabin trainer, a 15-ton, 60-foot-long facility housed in the Indianapolis Training Center Photo: Republic Airways

left to right :Haryanto Adikoesoemo President Director AKR and Jonathan Wood Chief Strategy and Business Development Officer Air BP Photo: Air BP

11

WEEKLY AVIATION HEADLINES

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Recommended Eventsternational clients, strengthening the existing relationships and building new ones. Stephan Wiegelmann, Head of Training Services at SR Technics, is pleased with the new training center: “We were looking for a state-of-the-art facility, which we found in Masdar City. We chose this location because it is a progressive hub for educational, technical and scientific in-stitutions, providing a modern environment for learning. Masdar City is also close to the Abu Dhabi Airport, so we are able to perform practi-cal training on aircraft. The new training center is designed to offer high quality technical train-ing in an inspiring learning environment.”

Panasonic Avionics Corporation will pro-vide LTE technology to the air transport and business aviation markets with future expan-sion into maritime and mining markets. The Ericsson 5G-ready core solution is based on Network Functions virtualization (NFv) and Software Defined Networking (SDN). Erics-son has been selected by Panasonic Avionics Corporation to enable the next generation of connectivity services to the aviation and ad-ditional multiple markets. Under the terms of the new contract, Ericsson will implement its 5G-ready core solution for Panasonic Avionics through its subsidiary AeroMobile, a global in-flight connectivity provider and registered mo-bile network operator. The solution will enable crew and passengers on aircraft, cruise ships and yachts, and employees in the energy and mining sector, to enjoy 2G, 3G, LTE and Wi-Fi connectivity. Ericsson will provide Panasonic Avionics with a 5G-ready core that can be opti-mized for use across a wide and growing range of sectors, enabling connectivity not only for passengers, employees and different services onboard aircraft and ships, but also for the massive Internet of Things communication. Ericsson’s 5G-ready core using NFv and SDN technologies brings ultra-scalability, program-mability and automation to the networks. Real-time instantiation of network functions network slicing enables network resource op-timization, rapid service innovation, new busi-ness models and greater customer value for Panasonic Avionics.

OTHER NEWS

20 years of experience in banking, lending and the capital markets. His most recent position was with bank of America Merrill Lynch in Hong Kong and Tokyo as the Man-aging Director, Asia Pacific Head of Global Markets Financing, where he led a division that was responsible for providing secured financing, trading, clearing, reporting and various treasury functions in the Asia Pa-cific region.

• Saudi Arabian Airlines has appointedJaan Albrecht as Chief Executive Officer,Saudia Air Transport Company (Saudia).Mr. Albrecht will be joining the airline atthe beginning of January, 2017, reportingdirectly to the director general, Engr. Saleh N. Al-Jasser. Mr. Albrecht holds dual Mexi-can and German citizenship and speaks English and Spanish fluently. He has a ca-reer spanning more than 40 years in the aviation industry. He spent 28 years at Mexicana Airlines, where he held several leadership positions. In 2001, Mr. Albrecht became the Chief Executive Officer, Star Al-liance, managing the growth of the alliance from 10 to 27 member airlines in 25 coun-tries. He spent four years in vienna man-aging a successful turnaround of Austrian Airlines as Chief Executive Officer thereof. He subsequently moved to become Chief Executive Officer, SunExpress Turkey and SunExpress Germany, a joint venture low-cost leisure carrier of Turkish Airlines and Lufthansa.

• AerCap Holdings N.v. has released thatJohn Wikoff will be stepping down as Headof Investor Relations and will transfer thisposition to Brian Canniffe, who will be-come Head of Investor Relations, basedat AerCap’s office in Dublin. Canniffe has

INDUSTRY PEOPLE

Aircraft Economic Life Summit 2016 Gibson Hotel, Ireland, Dublin November 22, 2016  

CFM56‐7B26 Public Auction November 30th, 6 p.m. CET www.bisauktion.de info@bisauktion.de 

Asian Business Aviation Conference & Exhibition (ABACE 2016) Shanghai, China December 12, 2016 – December 14, 2016  

Aircraft Asset Management Seminar 2017 Eaton Hotel, Hong Kong February 13, 2017 – February 14, 2017  

THE AIRCRAFT AND ENGINE MARKETPLACEPage 1 of 4

Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email Phone

A319-100 ORIX Aviation V2522-A5 2501 2005 Q2/2017 Lease Daniel Cunningham daniel.cunningham@orix.ie +353 871774524

A319-100 ORIX Aviation CFM56-5B5/P 2385 2005 Feb 2018 Lease Daniel Cunningham daniel.cunningham@orix.ie +353 871774524

A320-200 ORIX Aviation V2527-A5 2680 2006 Q2/2017 Lease Oisin Riordan oisin.riordan@orix.ie +353 863 350 004

A320-200 ORIX Aviation V2527-A5 1888 2002 Q2/2017 Sale Paul O`Dwyer pau.odwyer@orix.ie +353 863 822 960

A320-233 FPG Amentum V2527-A5 3543 2008 Now Sale / Lease Jack Hynes marketing@fpg-amentum.aero +353 16398125

A320-233 FPG Amentum V2527-A5 3524 2008 Now Sale / Lease Jack Hynes marketing@fpg-amentum.aero +353 16398125

A330-200 ORIX Aviation CF6-80E1A3 887 2007 Q1/2018 Lease Daniel Cunningham daniel.cunningham@orix.ie +353 871774524

Commercial Jet Aircraft

g g @

A330-223 FPG Amentum PW4168A 943 2008 Now Sale / Lease Jack Hynes marketing@fpg-amentum.aero +353 16398125

A330-223 FPG Amentum PW4168A 962 2008 Now Sale / Lease Jack Hynes marketing@fpg-amentum.aero +353 16398125

A330-223 FPG Amentum PW4168A 979 2009 Now Sale / Lease Jack Hynes marketing@fpg-amentum.aero +353 16398125

A340-300 Castlelake CFM56-5C4/P 163 1996 Now Sale / Lease Michael Hackett michael.hackett@castlelake.com +44-207-190-6120

A340-300 Castlelake CFM56-5C4/P 236 1998 Now Sale / Lease Michael Hackett michael.hackett@castlelake.com +44-207-190-6120

A340-313 AerFin CFM56-5C4 157 1996 Now Sale / Lease R. Rosser +442921676296

B737-300 Aersale CFM56-3C1 27910 Now Sale / Lease Craig Wright Craig.Wright@aersale.com +1 305 764 3238

B737-300 World Star Aviation Services CFM56-3C1 28873 Now Lease Tommy Guttman tguttman@worldstaraviation.com +972-544-220000

B737-300 World Star Aviation Services CFM56-3C1 29266 1999 Feb 2017 Lease Tommy Guttman tguttman@worldstaraviation.com +972-544-220000

B737-300 World Star Aviation Services CFM56-3C1 29267 1999 Feb 2017 Lease Tommy Guttman tguttman@worldstaraviation.com +972-544-220000

B737-400 World Star Aviation Services CFM56-3C1 24332 Q4/2016 Lease Tommy Guttman tguttman@worldstaraviation.com +972-544-220000

B737-400 Safair Operations Combi Now ACMI only C. Schoonderwoerd corneliss@safair.co.za +27 11 928 0000

B737-400 Aersale CFM56-3C1 25417 Now Sale / Lease Craig Wright Craig.Wright@aersale.com +1 305 764 3238

B737-800 ORIX Aviation CFM56-7B26/3 29660 2007 Q4/2017 Lease Daniel Cunningham daniel.cunningham@orix.ie +353 871774524

B737-800 Fortress Investment Group CFM56-7B26 29888 2002 Now Lease Jeff Lewis aviation@fortress.com +1 (305) 833-0309

B737-800 GA Telesis CFM56-7B26 29104 1998 Q4/2016 Sale S.Jung/K.Milligan AircraftTrading@gatelesis.com +1 954-958-1321

B737-800 GA Telesis CFM56-7B26 28402 1998 Q4/2016 Sale S.Jung/K.Milligan AircraftTrading@gatelesis.com +1 954-958-1321

B747-400 Fortress Investment Group CF6-80C2B1F 28959 1998 Now Lease Jeff Lewis aviation@fortress.com +1 (305) 833-0309

East Africa

B747-400 GA Telesis RB211-524 26637 1992 Now Sale S.Jung/K.Milligan AircraftTrading@gatelesis.com +1 954-958-1321

B757-200 Fortress Investment Group RB211-535E4 27260 1994 Now Sale / Lease Jeff Lewis aviation@fortress.com +1 (305) 833-0309

B757-222 Bristol Associates PW2037 25157 1991 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

B757-222 Bristol Associates PW2037 25322 1991 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

B757-222 Bristol Associates PW2037 25396 1992 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

B757-222 Bristol Associates PW2037 25398 1992 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

B757-222 Bristol Associates PW2037 25698 1991 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

B767-27GER Aersale CF6-80C2B4F 27048 Now Sale / Lease Craig Wright Craig.Wright@aersale.com +1 305 764 3238

B767-300ER Aersale RB211-524 28149 Now Sale / Lease Craig Wright Craig.Wright@aersale.com +1 305 764 3238

B777-200 GA Telesis P&W 26925 1995 Now Sale S.Jung/K.Milligan AircraftTrading@gatelesis.com +1 954-958-1321

B777-200ER GA Telesis P&W 30214 1999 Now Sale / Lease S.Jung/K.Milligan AircraftTrading@gatelesis.com +1 954-958-1321

DC8 Aersale No engines 46094 1969 Now Sale Craig Wright Craig.Wright@aersale.com +1 305 764 3238

Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email Phone

ATR42-300 Regional One PW120 51 1987 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

ATR42-300 Regional One PW120 57 1987 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

ATR72-202 Regional One PW124B 307 1992 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

C O C S / C f @ ( )

Regional Jet / Turboprop Aircraft

CRJ-200ER Regional One CF34-3B1 7452 2000 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

CRJ700 Regional One CF34-8C5B1 10029 2001 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

CRJ-900LR Regional One CF34-8C5 15057 2005 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

DASH8-102 Magellan Aviation Group PW121 113 1988 Now Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

DASH8-311 Regional One PW121 230 1990 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

DASH8-311 Regional One PW123B 291 1991 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

DASH8-311 Regional One PW123B 410 1995 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

DASH8-311 Magellan Aviation Group PW123 266 1991 Now Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

November 21, 2016

May 18, 2015May 18, 2015April 20, 2015www.gatelesis.com

Component solutions you can trust with the world’smost powerful independent rotable inventory

THE AIRCRAFT AND ENGINE MARKETPLACEPage 2 of 4

Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email PhoneDornier 328-300

Regional One PW306B 3145 2000 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

Dornier 328-300

Regional One PW306B 3185 2001 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

ERJ-135ER Bristol Associates 145176 1999 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-135ER Bristol Associates 145186 1999 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-135ER Bristol Associates 145192 1999 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-135LR Bristol Associates AE3007-A1 145410 2001 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

Regional Jet / Turboprop Aircraft (cont.)

ERJ-135LR Bristol Associates AE3007-A1 145413 2001 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-135LR Bristol Associates AE3007-A1 145504 2001 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-145LR Bristol Associates AE3007-A1/3 145208 1999 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-145LR Bristol Associates AE3007-A1/3 145239 2000 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-145LR Bristol Associates AE3007-A1/3 145302 2000 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

Contact Email Phone

Sherry Riley engine.leasing@gecas.com +1(513)782-4272

Contact Email Phone

Company

Multiple Engines GE / CFM / RB211

Multiple Types Sale / Lease

Commerical Engines

Company

GECAS Engine Leasing

AE3007 Engines Sale / Lease

Now - Sale / Lease

Contact Email Phone

(1) AE3007A1 Now - Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

(3) AE3007 Now - Sale GA Telesis Stefanie Jung sjung@gatelesis.com +1 954-958-1321

Contact Email Phone

CF34-8E5 Now - Lease Lufthansa Technik AERO Alzey Kai Ebach k.ebach@lhaero.com +49-6731-497-368

CF34-10E Now - Lease

CF34-8C Now - Lease

CF34-3B1 Now - Lease

CF34-3A Now - Sale / Lease

(1) CF34-10E6 Now - Lease Engine Lease Finance Declan Madigan declan.madigan@elfc.com +353 61 291717

CF34 Engines

Magellan Aviation Group

CompanyAE3007 Engines Sale / Lease

Sale / Lease Company

(1) CF34-10E7 Now - Lease

(2) CF34-8C5B1 Now - Sale / Lease Regional One Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

(1) CF34-3B1 Now - Sale / Lease

(1) CF34-10E5A1 Now - Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(1) CF34-3B1 Now - Sale

(1) CF34-8C5/B1 Now - Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

Sherry Riley engine.leasing@gecas.com +1 (513) 782-4272

(2) CF34-10E6 Now - Lease David Desaulniers ddesaulniers@willislease.com +1 415 516 4837

(1) CF34-3B1 Now - Lease

(1) CF34 10E7 N L

Now - Sale / LeaseCF34-8E(s)

Willis Lease

GECAS Engine Leasing

Magellan Aviation Group

(1) CF34-10E7 Now - Lease

Contact Email Phone

(1) CF6-80C2B1F Now - Sale / Lease AerSale. Inc. Alan Kehoe Alan.Kehoe@aersale.com +353 879 393 534

(1) CF6-80C2A5 Now - Sale / Lease Alan Kehoe Alan.Kehoe@aersale.com +353 879 393 534

(1) CF6-80C2B6F Now - Sale / Lease Matthew White matthew.white@aersale.com +353 1475 3005

(1) CF6-80C2B7F Now - Sale / Lease Matthew White matthew.white@aersale.com +353 1475 3005

(1) CF6-80C2B7F Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

(1) CF6-80C2B6F Now - Sale / Lease

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

(1) CF6-80C2B7F Now - Sale GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

CompanySale / LeaseCF6 Engines

( ) j j @g

Contact Email Phone

(2) CFM56-5C4 Now - Sale/Lease/Exch. TrueAero, LLC Ed Blyskal eblyskal@trueaero.com +1 305-525-7308

(1) CFM56-5C4/P Now - Sale/Lease/Exch.

(1) CFM56-3C1 Now - Sale European Capital Corporation Iacovos Yiakoumi commercial@europeancapitalcorp.com +35722873250

(1) CFM56-3B2

(1) CFM56-7B27 Now - Lease Engine Lease Finance Declan Madigan declan.madigan@elfc.com +353 61 291717

(1) CFM56-5B1 Now - Lease

(1) CFM56-5B4/P Now - Lease

(1) CFM56-5C4 Now - Sale / Lease Frank Rustmeier frank@royalaero.com +49 (0)8025 99360

(1) CFM56-3C1 Now - Sale / Lease

Company

Royal Aero

CFM56 Engines Sale / Lease

(1) CFM56 3C1 Now Sale / Lease

(1) CFM56-5B2/P Now - Sale / Lease Castlelake Neil McCrossan neil.mccrossan@castlelake.com +44-207-190-6119

(1) CFM56-5B Now - Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

November 21, 2016

GECASEngine Leasing

THE AIRCRAFT AND ENGINE MARKETPLACEPage 3 of 4

Contact Email Phone

(1) CFM56-7B27/3B1F Now - Sale/Lease/Exch. AerSale. Inc. Alan Kehoe Alan.Kehoe@aersale.com +353 879 393 534

(1) CFM56-5C3/F Now - Sale / Lease

(1) CFM56-5A1/F Now - Sale/Lease/Exch.

(1) CFM56-3C1 Now - Sale / Lease

Sherry Riley engine.leasing@gecas.com +1(513)782-4272

(1) CFM56-3C1 Now - Lease TES Aviation Group Klaus Broker klaus.broker@tesaviation.com +44 1656 765 280

(1) CFM56-5C4 Now - Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

Sale / Lease

GECAS Engine Leasing

CFM56 Engines Company

Magellan Aviation Group

Now - Sale

Commerical Engines (cont.)

(2) CFM56-5A

( ) y p y @ g g p ( )

(2) CFM56-3C1 Now - Sale / Exchange CFM Materials Steven Jefferson Steven.Jefferson@cfmmaterials.com +1 214-988-6640

(2) CFM56-7B26 Now - Sale / Exchange Jimmy Hill Jimmy.Hill@cfmmaterials.com +1 214-988-6670

(1) CFM56-7B22 Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

(1) CFM56-3B2 Now - Sale / Lease

(1) CFM56-7B24 Now - Sale / Lease

(1) CFM56-7B26 Now - Sale / Lease

(1) CFM56-7B27 Now - Sale / Lease

(1) CFM56-3C1 Now - Sale / Lease

(1) CFM56-7B-20/3 Now - Sale/Lease/Exch. AerFin R. Rosser +442921676296

(1) CFM56-5C4 Now - Sale/Lease/Exch.

(1) CFM56-5B Now - Sale/Lease/Exch. Werner Aero Services Cliff Topham ctopham@werneraero.com +1-703-402-7430

(1) CFM56-7B Now - Sale/Lease/Exch.

Ann Lee alee@willislease.com +1 (415) 408 4769

(1) CFM56-5B4/3 Now - Lease

(1) CFM56-7B26/3 Now - Lease

(1) CFM56-5B4/P Now - Lease

(2) CFM56-7B24/3 Now - Lease

Contact Email Phone

Willis Lease(1) CFM56-7B24 (Non-TI)

CompanySale / LeaseGEnx Engines

Now - Lease

GEnx-1B74/75 Now - Lease Willis Lease Ann Lee alee@willislease.com +1 (415) 408 4769

Contact Email Phone

(2) JT9D-7R4 Now - Sale Phoenix Aer Capital Bob Gallagher reg@pacllc.aero +1-727-376-9292

(1) JT8D-219 Now - Sale Azure Resources Jeffrey Young jeff@azureres.com +1-954-796-8158

Contact Email Phone

(1) PW121 (Dash 8) Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

(1) PW123B/D/E

(1) PW121 (ATR)

Sale / Lease

Company

JT8D and JT9D Engines

Now - Sale / Lease

Now - Sale / Lease

PW Small Engines Sale / Lease

Now - Sale / Lease

Now - Sale / Lease Magellan Aviation Group

Company

(1) PW124B

(1) PW127E/F/M

(1) PW150A

(2) PW121 (ATR) Now - Sale/Lease/Exch. David Desaulniers ddesaulniers@willislease.com +1 415 516 4837

(2) PW121-8 Now - Sale/Lease/Exch.

(1) PW123 Now - Sale/Lease/Exch.

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

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

(1) PW127M Now - Sale/Lease/Exch.

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

Now - Sale / Lease

Willis Lease

Now - Sale / Lease

(2) PW124B Now - Sale/Lease/Exch.

(1) PW120A Now - Sale / Lease Regional One Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

(1) PW120 Now - Sale/Lease/Exch. Miguel Bolivar mbolivar@RegionalOne.com +1 (786)-623-3936

(1) PW123E Now - Sale/Lease/Exch. Miguel Bolivar mbolivar@RegionalOne.com +1 (786)-623-3936

(4) PW126 Now - Sale/Lease/Exch. Miguel Bolivar mbolivar@RegionalOne.com +1 (786)-623-3936

(1) PW121 Now - Sale/Lease/Exch. Miguel Bolivar mbolivar@RegionalOne.com +1 (786)-623-3936

(1) PW121 Now - Sale / Lease Frank Rustmeier frank@royalaero.com +49 (0)8025 99360

PW119B RGB Now - Lease Lufthansa Technik AERO Alzey Kai Ebach k.ebach@lhaero.com +49-6731-497-368

PW119B Now - Lease

Royal Aero

PW120A Now - Lease

PW121 (ATR) Now - Lease

PW123B Now - Lease

PW124B Now - Lease

PW125B Now - Lease

PW127F Now - Lease

PW127M Now - Lease

PW150A Now - Lease

PW150 GRB Now - Lease

Contact Email Phone

(1) PW2037M Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

(1) PW2040 Now - Sale / Lease

PW2000 Engines Sale / Lease Company

November 21, 2016

THE AIRCRAFT AND ENGINE MARKETPLACEPage 4 of 4

Contact Email Phone

(2) PW4056-1 Now - Sale/Lease/Exch. GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(multiple) PW4000-112 Now - Sale S.Jung/K.Milligan AircraftTrading@gatelesis.com +1 954-958-1321

(1) PW4056-3 Now - Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

(1) PW4060-3 Now - Sale / Lease AeroTurbine Todd Power tpower@aeroturbine.com +1 (214) 240-1145

(1) PW4158-1C/1E Now - Sale 3TOP Aviation Services Paul Dsilva Paul@3topaviation.com +44 1372 587 872

(multi rated for PW4156A-1C/1E & PW4152-1C/1E)

(1) PW4060-3 Now - Lease Ann Lee alee@willislease.com +1 (415) 408 4769

Magellan Aviation Group

PW4000 Engines Company

Willis Lease

Sale / Lease

Commerical Engines (cont.)

(1) PW4168A Now - Lease

(1) PW4056-3 Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

(1) PW4060-3 Now - Sale / Lease AerSale. Inc. Matthew White matthew.white@aersale.com +353 1475 3005

(1) PW4158-3 Now - Sale / Lease Matthew White matthew.white@aersale.com +353 1475 3005

(1) PW4062-3 Now - Sale / Lease Matthew White matthew.white@aersale.com +353 1475 3005

(1) PW4056-3 Now - Sale / Lease Alan Kehoe Alan.Kehoe@aersale.com +353 879 393 534

(1) PW4168 Now - Sale TES Aviation Group Klaus Broker klaus.broker@tesaviation.com +44 1656 765 280

Contact Email Phone

(1) RB211-535E4 Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

(1) RB211-535E4 Now - Sale / Lease AerSale Inc Matthew White matthew white@aersale com +353 1475 3005

Sale / Lease CompanyRB211 Engines

(1) RB211 535E4 Now Sale / Lease AerSale. Inc. Matthew White matthew.white@aersale.com +353 1475 3005

(1) RB211-524 Now - Sale / Lease

(1) RB211-535E4 Now - Sale World Star Aviation Services Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456

Contact Email Phone

(1) Trent 800 Now - Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(2)Trent 884 Now - Sale/Lease/Exch. AerSale. Inc. Matthew White matthew.white@aersale.com +353 1475 3005

(1) Trent 772B Now - Sale/Lease/Exch. Rolls-Royce & Partners Finance Bobby Janagan bobby.janagan@rolls-royce.com +44 20 7227 9078

Contact Email Phone

(1) V2533-A5 Now - Lease Willis Lease Ann Lee alee@willislease.com +1 (415) 408 4769

1) V2533-A5 w/QEC Now - Sale/Lease/Exch. Rolls-Royce & Partners Finance Bobby Janagan bobby.janagan@rolls-royce.com +44 20 7227 9078

V2500 Engines

Sale / Lease Company

Sale / Lease Company

Trent Engines

(1) V2527E-A5 Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

(1) V2533-A5 Now - Sale/Lease/Exch. Werner Aero Services Cliff Topham ctopham@werneraero.com +1-703-402-7430

(1) V2533-A5 Now - Sale / Lease Engine Lease Finance Declan Madigan declan.madigan@elfc.com +353 61 291717

Description Contact Email Phone

(5) A340 fresh part outs Now - Sale TrueAero, LLC Dan Barton/Dave Walters sales@trueaero.com +1 772-925-8026

A320 Landing Gear with Fresh Tags Now - Sale

A340 Landing Gear Now - Sale

CTCP331-350C (4) PN 3800454-6 Now - Sale

GTCP36 300A PN 3800278 4 Now Sale

Aircraft and Engine Parts, Components and Misc. EquipmentCompany

GTCP36-300A, PN 3800278-4 Now - Sale

(1) GTCP36-150RJ, (2) GTCP36-100M, Now - Sale/Lease/Exch. Regional One Miguel Bolivar mbolivar@RegionalOne.com +1 (786)-623-3936

(1) APS500C7B, (5) APS500C7D, (1) RE220RJ,

(1) APS1000-C12, (1) APS1000-C3

(1) PW901A, (1) PW126 RGBGTCP131-9A (2), GTCP131-9B(2) Now - Lease REVIMA APU Olivier Hy olivier.hy@revima-apu.com +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 / LeasePW901A(4), PW901C(2)

TSCP700-4E Now - Sale

Now - Sale/Lease/Exchange AerSale. Inc. Matthew White matthew.white@aersale.com +353 1475 3005

Now - Sale/Lease/Exchange Alan Kehoe Alan.Kehoe@aersale.com +353 879 393 534

Now - Lease Willis Lease Ann Lee alee@willislease.com +1 (415) 408 4769

World Star Aviation Services Tommy Guttman tguttman@worldstaraviation.com +972-544-22000

GTCP131-9B Now - Sale / Loan Avtrade Alex Eales alex.eales@avtrade.com +44 (0) 1273 833330

Now - Sale Azure Resources Jeffrey Young jeff@azureres.com +1-954-796-8158767-300ER 413K LANDING GEAR

737-300/400 LANDING GEAR

CFM56-3 MODULES

B737-400 main landing gears, with 2015 tags

PW901A, GTC331-500

APU GTCP 331-500B

APS 2000, GTCP331-200ER

Engine Stands Tradewinds Engine Services Brad Pleimann bpleimann@tesllc.aero +1 954-421-2510

Lease

Sale / Lease

National Aero Stands Yexceld Perez yperez@standsondemand.com + 1 305-558-8973

Now - Sale / Lease Werner Aero Services Julien Levy jlevy@Werneraero.com +1 201-674-9999

Now - Sale / Lease

Now - Sale / Lease

Reliance Aircraft Terry Hix thix@relianceaircraft.com +1 512-439-6988

(2) PW901A (1) PW901C(1) PW125B RGB Now - Lease Lufthansa Technik AERO Alzey Kai Ebach k.ebach@lhaero.com +49-6731-497-368

737-700 & 737-800 Landing Gear

737-800 NOSE LANDING GEAR PN 162A1100-5, OH - Now Sale

GTCP131-9A, GTCP 131-9B

GTCP36-300A, 737-800 Winglets

Engine stands: TRENT 800, CFM56

V2500 / PW2000 / PW4000 94” & 100”

CFM56-5B, CFM56-5C, CFM56-7B, V2500

CFM56-7B QEC KIT P/N 654A00017141

(2) PW901A, (1) PW901C(1), PW125B RGB Now Lease Lufthansa Technik AERO Alzey Kai Ebach @ +49 6731 497 368

November 21, 2016