IAG beats forecasts with soaring third quarter profits Alitalia saw quarterly operating profits...

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struggling Alitalia saw quarterly operating profits tumble to €7m from €27m. Even budget carrier Ryanair, Europe’s largest airline by passengers carried, is feeling the heat, issuing its second profit warning in as many months. Across the pond, however, carri- ers have made a cautious return to optimism. Air Canada, the latest of the large North Ameri- can carriers to report its third quarter results, posted better- than-expected profits, up 17% to C$299m. Adjusted earnings, excluding special items, soared 59% to C$365m. Revenues were also up nearly 5% to C$3.48bn, beating analysts’ forecasts of C$3.43bn. Calin Rovinescu, president and CEO of the airline, said the numbers represented Air Canada’s best quarterly perform- ance in the corporation’s history. All of the US’ ‘big four’ airlines had previously reported strong figures for the September 2013 quarter, with Delta posting net profits of $1.2bn, exclud- ing special items, up $444m on the same period last year. AMR, meanwhile, reported net profits of $530m, a $420m im- provement year-over-year, while United scored $590m in third quarter net income, excluding special charges, an increase of 13.5% year-on-year. Southwest took in earnings of $241m ex- cluding special items for its best- ever third quarter. But slowing economies and sluggish business travel have hit Asian carriers hard, with Chinese flag carrier Air China reporting a 7.3% fall in third quarter profit. Rival airlines China Southern and China Eastern posted slumps in profits for the quarter of 2.62% and 4% respectively. In Japan, JAL’s first-half operating profits were down 14.6%. IATA, the airline industry trade group, recently cut its 2013 profit forecast for the global industry by $1bn to $11.7bn, dragged down by sluggish growth at Asian carri- ers, while North American, Euro- pean and Middle Eastern airlines are expected to see rising profits. Read by thousands of aviation professionals and technical decision-makers every week www.avitrader.com WORLD NEWS IAG beats forecasts with soaring third quarter profits Air Canada scores ‘best quarterly performance’ as Asian carriers struggle Third quarter net profits at IAG, the company formed by the merger of British Airways and Iberia, more than doubled over the same quarter in 2012, beat- ing analysts’ forecasts and lead- ing CEO Willie Walsh to predict that the ariline will return to profit in 2013 after reporting an operating loss of €68m ($91m) last year. The group notched up third quarter operating profits be- fore exceptional items of more than €693m, up from €263m last year and well up on analyst expectations of €600m. Much of the savings that contributed to the strong profits came from cutbacks at Iberia, including the elimination of 3,000 jobs, a fleet reduction of 25 aircraft and a 15% cut in capacity. The rosy forecast for IAG has not been reflected elsewhere in Europe: last month Lufthansa reported that operating profit for the quarter was down 12% to 589m and lowered financial guidance for the year, while British Airways staff welcome the carrier’s first Airbus A380 in July. IAG more than doubled its net profits in the third quarter of 2013. British Airways WEEKLY AVIATION HEADLINES Qantas closes Avalon ISSN 1718-7966 NOVEMBER 11, 2013 / VOL. 414 Qantas Airways is to close another MRO facility as it looks to cut costs and stem losses at its struggling international unit. The closure of the Avalon facility near Melbourne will hit 299 workers, and comes six months after the company an- nounced it was shutting the nearby Tullamarine base, leaving only one Qantas heavy maintenance facility in the country, in Brisbane. Airbus holds onto sales lead Airbus held on to its order-book lead over Boeing in the first 10 months of the year, aided by a surprise order from Japan Airlines for 31 of its wide-body A350 jet liners. The airframer sold 153 air - craft in October to Boeing’s 79 orders. In the year to date, Airbus has taken total gross orders for 1,215 aircraft and delivered 504, compared to 1,102 orders and 530 deliveries for Boeing, Lion Air confirms CS300 bid Lion Air, the burgeoning Indonesian low-cost carrier, said last week that it is working to strike a deal for at least 50 Bombardier CS300 aircraft by early next year. If the $3bn deal goes ahead, it will be the third ma- jor deal for new aircraft sealed by the carrier, which has already or - dered new aircraft worth $46bn worth from Boeing and Airbus. Etihad eyes South America James Hogan, CEO of Etihad, the Abu Dhabi-based airline, confirmed that the company is looking to South America as its new focus for potential partnerships, according to Arabian Business. While codeshare agreements are the first option, Hogan has not ruled out “commer - cial and investment opportunities”.

Transcript of IAG beats forecasts with soaring third quarter profits Alitalia saw quarterly operating profits...

struggling Alitalia saw quarterly operating profits tumble to €7m from €27m. Even budget carrier Ryanair, Europe’s largest airline by passengers carried, is feeling the heat, issuing its second profit warning in as many months.

Across the pond, however, carri-ers have made a cautious return to optimism. Air Canada, the latest of the large North Ameri-can carriers to report its third quarter results, posted better-than-expected profits, up 17% to C$299m. Adjusted earnings, excluding special items, soared 59% to C$365m. Revenues were also up nearly 5% to C$3.48bn, beating analysts’ forecasts of C$3.43bn. Calin Rovinescu, president and CEO of the airline, said the numbers represented Air Canada’s best quarterly perform-ance in the corporation’s history.

All of the US’ ‘big four’ airlines had previously reported strong figures for the September 2013 quarter, with Delta posting net profits of $1.2bn, exclud-ing special items, up $444m

on the same period last year. AMR, meanwhile, reported net profits of $530m, a $420m im-provement year-over-year, while United scored $590m in third quarter net income, excluding special charges, an increase of 13.5% year-on-year. Southwest took in earnings of $241m ex-cluding special items for its best-ever third quarter.

But slowing economies and sluggish business travel have hit Asian carriers hard, with Chinese flag carrier Air China reporting a 7.3% fall in third quarter profit. Rival airlines China Southern and China Eastern posted slumps in profits for the quarter of 2.62% and 4% respectively. In Japan, JAL’s first-half operating profits were down 14.6%.

IATA, the airline industry trade group, recently cut its 2013 profit forecast for the global industry by $1bn to $11.7bn, dragged down by sluggish growth at Asian carri-ers, while North American, Euro-pean and Middle Eastern airlines are expected to see rising profits.

Read by thousands of aviation professionals and technical decision-makers every week www.avitrader.com

WORLD NEWS

IAG beats forecasts with soaring third quarter profits Air Canada scores ‘best quarterly performance’ as Asian carriers struggle

Third quarter net profits at IAG, the company formed by the merger of British Airways and Iberia, more than doubled over the same quarter in 2012, beat-ing analysts’ forecasts and lead-ing CEO Willie Walsh to predict that the ariline will return to profit in 2013 after reporting an operating loss of €68m ($91m) last year.

The group notched up third quarter operating profits be-fore exceptional items of more than €693m, up from €263m last year and well up on analyst expectations of €600m. Much of the savings that contributed to the strong profits came from cutbacks at Iberia, including the elimination of 3,000 jobs, a fleet reduction of 25 aircraft and a 15% cut in capacity.

The rosy forecast for IAG has not been reflected elsewhere in Europe: last month Lufthansa reported that operating profit for the quarter was down 12% to 589m and lowered financial guidance for the year, while

British Airways staff welcome the carrier’s first Airbus A380 in July. IAG

more than doubled its net profits

in the third quarter of

2013.

British Airways

WEEKLY AVIATION HEADLINES

Qantas closes Avalon

ISSN 1718-7966 NOVEMBER 11, 2013 / VOL. 414

Qantas Airways is to close another MRO facility as it looks to cut costs and stem losses at its struggling international unit. The closure of the Avalon facility near Melbourne will hit 299 workers, and comes six months after the company an-nounced it was shutting the nearby Tullamarine base, leaving only one Qantas heavy maintenance facility in the country, in Brisbane.

Airbus holds onto sales leadAirbus held on to its order-book lead over Boeing in the first 10 months of the year, aided by a surprise order from Japan Airlines for 31 of its wide-body A350 jet liners. The airframer sold 153 air-craft in October to Boeing’s 79 orders. In the year to date, Airbus has taken total gross orders for 1,215 aircraft and delivered 504, compared to 1,102 orders and 530 deliveries for Boeing,

Lion Air confirms CS300 bidLion Air, the burgeoning Indonesian low-cost carrier, said last week that it is working to strike a deal for at least 50 Bombardier CS300 aircraft by early next year. If the $3bn deal goes ahead, it will be the third ma-jor deal for new aircraft sealed by the carrier, which has already or-dered new aircraft worth $46bn worth from Boeing and Airbus.

Etihad eyes South AmericaJames Hogan, CEO of Etihad, the Abu Dhabi-based airline, confirmed that the company is looking to South America as its new focus for potential partnerships, according to Arabian Business. While codeshare agreements are the first option, Hogan has not ruled out “commer-cial and investment opportunities”.

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Boeing took 79 orders for new aircraft in October, all of them coming in the last 10 days of the month, including a large order for its 737 family of aircraft from Aerolineas Argentinas (20 787-800s) and a further order for 42 737MAX from an unidentified customer. It sold 14 widebodies, among them 12 planes to Korean Airways - compris-ing five 747-8s, six 777-300ERs and one 787-8 Dreamliner. The airframer delivered 54 aircraft in October, (20 wide bodies) includ-ing nine 787-Dreamliners and seven 777-300ERs.

Airbus received 153 order bookings during October, bringing the manufacturer’s backlog to a new industry record of nearly 5,400 aircraft.

Japan Airlines’ order for 18 A350-900 and 13 A350-1000 jetliners brought the total for the model to date to more than 750. It also took orders for a total of 20 A330 widebodies from five custom-ers, including four Chinese airlines. Four airlines ordered a total of 93 A320 family aircraft, including 40 A320neos and 12 A320ceos from Mexican low-cost carrier VivaAerobus.

Airbus’ 59 deliveries during the month were composed of 47 A320 Family aircraft, eight A330s and four A380s. The overall year-to-date delivery rate to end-October is up by 9% compared to the same period in 2012.

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The National Police of Peru receives first Eurocopter EC145 helicopter

The Peruvian Interior Ministry received the first of four twin-engine Eurocopter EC145 helicopters that are set to modernize the fleet of the National Police of Peru. These new aircraft—the first units of this model to reach Peru—will be stationed at the Police Aviation Unit’s main base, from where they will perform public security missions as well as disaster relief throughout the country. The remaining three helicopters will be delivered before the end of the year.

Philippine Air Force signs contract for eight AW109 Power helicopters

The Philippine Air Force signed a contract for eight AW109 Power light twin helicop-ters. These aircraft will be used to perform a range of duties including homeland security, armed reconnaissance and close support. Deliveries will start in 2014. The contract also includes initial logistics support and training for aircrew and maintenance personnel.

Lease Corporation International de-livers AW139 Helicopter to Thailand’s SFS Aviation

Lease Corporation International (LCI), the aviation division of the Libra Group, deliv-ered a new AugustaWestland AW139 heli-copter to SFS Aviation in Asia. SFS Aviation, the first operator of the AW139 in Thailand, has leased the helicopter as part of a me-

AIRCRAFT & ENGINE NEWS

Airbus v Boeing: Orders and DeliveriesThrough October 2013

Airbus Boeing

Type Orders* Deliveries Type Orders* Deliveries

A318 0 1 737-700 2 15

A319 9 32 737-800 339 302

A320 565 286 737-900 21 47

A321 463 81 737-MAX 545 0

A330 42 86 747 10 17

A340 0 0 767 0 19

A350 186 0 777 50 81

A380 0 18 787 135 49

Total 1,215 504 Total 1,102 530

*Gross Orders Source: Company websites

Second Boeing 787-9 Dreamliner takes to the skies

The second Boeing 787-9 Dreamliner completed a successful 4-hour, 18-minute first flight on November 7th. As the only 787-9 test airplane to be fitted with elements of the pas-senger interior, ZB002 will test systems such as the environmental control system in addi-tion to avionics and other aspects of airplane per-formance. Boeing has con-ducted a series of ground tests on the second 787-9 since its completion in late September. With manu-facturing of the 787-9 flight-test fleet complete, the first production 787-9 in final assembly and 137 flight-test hours to date, 787-9 development is on track. 787-10 development also is progressing as planned. First delivery of the 787-9 to launch customer Air New Zealand is set for mid-2014. Twenty-six customers have ordered 396 787-9s, accounting for 40% of all 787 orders.

November 11, 2013 / Vol. 414

AIRBUS & BOEING: ORDERS AND DELIVERIES

dium-term commitment, and it will be used to provide offshore support services to a number of multi-national oil companies in the Gulf of Thailand, such as PTT Exploration and Production (PTTEP) and CPOC.

Apollo Aviation Group continues ac-quisitions for SASOF II

Apollo Aviation Group (“Apollo Aviation”), a multi-strategy aviation investment manager, contracted to purchase 38 aircraft and eleven engines amounting to $570m since incep-tion for its second aviation fund, Sciens Avia-tion Special Opportunities Investment Fund II (SASOF II). The purchases approved by SASOF

II Investment Committee this year include, but are not limited to, 12 Airbus A320ceo family aircraft and 13 Boeing 737 Next Generation models. Specifically during the third quarter, Apollo Aviation committed to purchase thir-teen aircraft for approximately $200m (in-cluded in total of $570m).

Air Europa takes delivery of 25th Next-Generation 737-800

Boeing and Air Europa celebrated the Spanish carrier’s 25th direct delivery of a Next-Gen-eration 737-800. Air Europa showcased the latest addition to its fleet at a special event at its base on the Spanish island of Mallorca.

Boeing’s second 789-9 completes its first flight Boeing

Willis Lease launches total aftermarket support solution

Willis Lease Finance Corporation (WLFC) reported the launch of Willis Aeronautical Services (“WASI”), a new wholly-owned subsidiary which will provide ‘end-of-life’ solu-tions for aviation materials and services related to aircraft engines. In conjunc-tion with the formation of WASI, Willis Lease acquired most of the assets and hired the team of professionals from JT-Power (“JT-Power”), a leader in supply-ing aftermarket material and services to the aviation industry. The new subsidi-ary will be based in the former JT-Power facility in Boynton Beach, Florida. Willis Lease acquired most of JT-Power’s in-ventory of aviation material and aircraft engine assets for a total consideration of $5.9m. Included in the purchased assets are approximately $3.0m in inventories. The purchase price was established by analysis of other similar transactions in the market, third party evaluations of inventory acquired, and a third party business valuation from a leading expert in the aviation in-dustry. The transaction is expected to be accretive to earnings.

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Pratt and Whitney Aero Power has expanded Revima APU’s authorizations to include sup-port of all new and existing APS 500, APS 1000, and APS 2000 customers within IATA I (North and South America & Canada) and IATA III (Asia Pacific). The expanded authori-zation allows Revima APU to sell repair servic-es to operators in these regions. Revima APU is also authorized to manage warranty claims on behalf of Pratt and Whitney Aero Power

Rolls-Royce opens advanced manu-facturing facility in Indianapolis

Rolls-Royce opened an advanced production facility to manufacture components for some of the world’s most sophisticated military and commercial jet engines. The innovative $42m facility is designed specifically to manufacture engine compressor parts, and is the latest ex-ample of Rolls-Royce investment in Indiana-

polis and across the United States. More than 100 high-tech positions will be based in the facility when it is fully operational in 2014.

Fifth and final A350 XWB test aircraft enters final assembly line

Assembly of MSN5, the fifth and final mem-ber of the A350 XWB flight test fleet is now underway with the fuselage joining process. This follows the recent arrival of the three fuselage sections at the A350 XWB final as-sembly line in Toulouse, France. MSN5 is the second of the A350 flight test aircraft that will feature a passenger cabin. This aircraft will fly for the first time in Spring 2014 and will be used essentially to perform cabin re-lated flight tests. It will also participate in the Early Long Flights where the “passengers” are Airbus employees. This allows the cabin and related systems to be submitted to near

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A320neo programme starts first ma-jor-component assembly

Airbus achieved assembly of the engine pylon for the first A320neo to fly. The pylon, which has just been completed at the dedicated py-lon facility in St Eloi in Toulouse, is the first major airframe component assembly to take place for the NEO programme. In parallel with this pylon construction, other major NEO com-ponents and subassemblies will shortly be tak-ing shape in factories across various countries. For example, in Hamburg the centre wing-box will soon arrive from the UK to be integrated in the fuselage, and also the rear fuselage will begin assembly there. In St. Nazaire, the for-ward fuselage will start assembly in January 2014. Overall progress on the first A320neo is well on track for aircraft final assembly to start in spring 2014, followed by the aircraft making its first flight next autumn.

Tigerair first in Asia to retrofit A320 with Sharklets

Tigerair of Singapore unveiled the first A320 aircraft to be retrofitted in Asia with Sharklets. Five A320s have already been delivered to Tigerair with Sharklet-ready wings, with the retrofit work being undertaken by Sepang Air-craft Engineering in Kuala Lumpur, Malaysia.

Revima APU receives OEM authori-zation to service APS 500, APS 1000, and APS 2000 APU’s from IATA I and IATA III

Revima APU was designated an Authorized APU Repair Facility for Pratt and Whitney Aero Power (formerly Hamilton Sundstrand Power Systems) for 10 years, serving APU custom-ers worldwide. As a natural outcome of the strong and mutually beneficial relationship which has been developed over the years,

Willis Lease to launch aftermarket support subsidiary Willis Lease

5AviTrader WEEKLY AVIATION HEADLINES

AeroTurbine reaches new milestone with 100th C-check for Frontier Air-lines

AeroTurbine, a wholly owned subsidiary of International Lease Finance Corporation (ILFC), completed the 100th light/heavy C check for Frontier Airlines’ fleet of Airbus A319 and A320 aircraft, reaching a new milestone for its aircraft maintenance, repair, and overhaul (MRO) services provided to the airline. AeroTurbine and Frontier Airlines began their collaboration in March 2011. AeroTurbine has supported most of the airline’s heavy maintenance requirements in its Maintenance Services facility based in Goodyear, Arizona. On-time performance, operational flexibility and fixed cost solutions continue to be at the core of the strong partnership between the two companies.

realistic operations in order to ensure a ma-ture cabin at entry into service. In addition, MSN5 will carry out Route Proving flights to demonstrate to the certification authorities that the aircraft performs perfectly in airport operations. To date the two A350 XWB test aircraft, MSN1 and MSN3 have clocked up over 500 flight test hours in more than 100 test flights. The A350 XWB has already won more than 760 firm orders from 39 custom-ers worldwide. First delivery will be to Qatar Airways in the second half of 2014.

Crane takes the pressure for another Cessna Citation model

The Cessna Aircraft Company selected Crane Aerospace & Electronics to provide Smart-Stem Wireless Tire Pressure Sensors for their Citation Latitude aircraft. Latitude customers can select SmartStem as an option to be fit-ted on their aircraft during production, dra-matically simplifying the way tire pressure is checked. SmartStem tire pressure sensors are already certified for retrofit on Citation mod-els 500, 501, 510, 525, 550, S550, 551, 560, 560XL, S550 and 650, 680 and 750 models.

GAMECO signs Authorized Repair Station agreement with ITT Aero-space Controls

Guangzhou Aircraft Maintenance and Engi-neering Company (GAMECO) signed an Au-thorized Repair Station agreement with ITT Aerospace Controls, a subsidiary of ITT. Under the terms of the agreement, GAMECO will serve as an authorized repair station in China for a number of parts installed on the rapidly growing fleet of B737 and other platforms such as B757, B767 and B777 to enhance the level of support for airlines in China. The Part Numbers to be repaired and overhauled at the GAMECO Guangzhou facilities are commonly used on almost the entire Boeing and Airbus fleets. GAMECO will gradually introduce additional products to support the entire ITT portfolio for additional aircraft ap-plications including the B787 and A350.

TALSCO to resume operations in December

Taikoo (Xiamen) Landing Gear Services (“TALSCO”) will resume operations in Decem-ber 2013, after a localised fire at the premises in November last year. TALSCO’s U.S. Federal Aviation Administration approv-als have been reinstated for the Company’s capabilities on the full series of Boeing 777s, 767s, 757s, 747s, 737NGs, 737CLs and Airbus A320s. It is expected that audits will be carried out by other relevant aviation authori-ties in the next few weeks, ena-bling the Company to reinstate its capabilities under other na-tional authorities in due course. The Company took the opportunity to revamp its facilities and operational processes, including a new plating shop to be completed in the first quarter of 2015. The im-provements, supported by updated equipment, additional spares, and skilled work-force, incorporate the latest design elements to meet future market needs, focusing on safety, quality, and production efficiency.

TALSCO’s new assembly shop in Xiamen HAECO

Chromalloy expands manufacturing capabilities to become master alloy producer

Chromalloy is expanding its investment casting foundry in Tampa, Florida, to include a master alloy operation. “Chromalloy’s new vacuum induction melting furnace will be fully operational in December 2013 at our state-of-the-art investment foundry,” said Carlo Luzzatto, president. “Over the next 90 days we will meet the manufacturing requirements to commence production of master alloys for ingots used to manu-facture gas turbine engine equipment.” Alloy ingots are used in the production supply chain of complex systems and manufactured parts, including the gas turbine engine components cast and re-paired by Chromalloy for power system manufacturers. In addition to produc-ing master alloy ingots for internal use, Chromalloy will be in a position to pro-vide the ingots to other manufacturers of turbine components worldwide. With the new highly automated, multiple chamber vacuum induction furnace for master al-loy, Chromalloy has the capacity to produce up to three million pounds annually.

November 11, 2014 / Vol. 414

Chromalloy continues its industry expansion Chromalloy

FINANCIAL NEWS

Willis Lease Finance reports YTD net income of $9.1m

Willis Lease Finance Corporation (WLFC) re-ported net income attributable to common shareholders was $9.1m for the first nine months of 2013, compared to a loss of $3.0m in the first nine months of 2012. A significant improvement in portfolio utilization in the current quarter was overshadowed by asset write-downs and engine repair expenses. In the current quarter, a loss of $2.2m was re-corded compared to a loss of $8.0m in the

6AviTrader WEEKLY AVIATION HEADLINES

third quarter a year ago. A year ago, the same quarter’s results were impacted by a $15.4m charge for extinguishment of debt and de-rivatives termination related to the successful closing of the WEST II ABS financing.

IAG post nine months results

IAG reported third quarter operating profit of €690m (2012: €270 million) before ex-ceptional items, at constant currency, third quarter passenger unit revenue was up 6.7% (excluding Vueling 7.4%) and non-fuel unit costs was down 4.3% (excluding Vueling up 0.6%). Operating profit for the nine month period was €657m (2012: €17m) before ex-ceptional items. Revenue for the nine month period was up 3.9% to €14,113m.

DVB closes financing for Hong Kong Aviation Capital on two Asiana A320-200

Hong Kong Aviation Capital, a leading in-vestor in global aviation finance, announced DVB closed refinancing on two Asiana A320-200 aircraft. DVB Bank has closed a commer-cial financing facility with Hong Kong Avia-tion Capital (HKAC) in October 2013 for two 2006-vintage A320-200 aircraft on operating

Final assembly for the first Israeli M-346 advanced jet trainer begins

Alenia Aermacchi’s plant in Venegono has begun assembling Israel’s first M-346 ad-vanced jet trainer. The three major components of the first aircraft–called Lavi in Israeli Air & Space Force– are currently being joined to form the aircraft’s structure. Israeli’s first M-346 will make its way down the assembly line and roll out of the factory for final checks and delivery to the IASF in the mid of 2014. Thanks to an highly skilled work-force and to one of the most up-to-date, automated, production line, the program is on time and budget to deliver the aircraft to the Israeli Air Force that will fly soon the most advanced jet trainer available on the market. Israel ordered a total of 30 M-346 as advanced trainers to replace the TA-4 Skyhawks currently in service.

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lease with Asiana Airlines. The German bank acted as arranger, agent and underwriter in this facility.

FLY Leasing reports third quarter 2013 financial results

FLY’s net income for the third quarter of 2013 was $304,000 compared to a loss of $29.4m in the same period of 2012. Operating lease revenue decreased from $84.4m for the third quarter of 2012 to $78.4m for the third quar-ter of 2013, primarily due to a decrease in end

of lease income from $5.8m in 2012 to $0 in 2013. The loss in the third quarter of 2012 included expenses of $32.3m associated with termination of interest rate swaps in connec-tion with refinancing FLY’s original Acquisi-tion Facility. Net income for the nine months ended September 30, 2013 were $39.1m, compared to $16.7m for the nine months ended September 30, 2012. At September 30, 2013, FLY’s total assets were $3.3bn, including flight equipment with a net book value of $2.9bn. Total cash at September 30, 2013 was $362.9m, of which $207.0m was

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unrestricted. This compares to total cash of $300.6m at December 31, 2012, of which $163.1m was unrestricted.

Air Transport Services Group an-nounces third-quarter results

Air Transport Services Group, a leading provid-er of aircraft leasing, and air cargo transpor-tation and related services reported consoli-dated financial results for the quarter ended September 30, 2013. Revenues decreased 8.4% to $140.9m. Revenues increased 1.4% from the second quarter of 2013. Net earn-ings from continuing operations decreased 32.5% to $7.8m but were up 12.8% from this year’s second quarter. Adjusted EBITDA decreased 7.7% from a year ago to $40.0m. The sequential increase from the second quarter was $4.1m or 11.3%.

Astronics Corporation reports record quarterly sales of $89.7m

Astronics Corporation released that consoli-dated sales for the third quarter of 2013 in-creased by 30.2% to $89.7m compared with the same period last year. Aerospace sales of $87.5m, which represented 97.6% of the consolidated total, increased by $21.7m, including $15.7m associated with the acqui-sition of Peco. Test Systems sales decreased $0.9m to $2.1m. Consolidated gross profit was $23.8m, up $7.1m from the prior-year period. Consolidated gross margin was 26.5% compared with 24.3% for the third quarter of 2012. Net income in the third quarter of 2013 was $7.2m, up 45.1% com-pared with $4.9m last year.

WestJet reports third quarter net earnings of $65m

WestJet announced its third quarter 2013 results, with net earnings of $65.1m. This compares with the net earnings of $70.6m reported in the third quarter of 2012. Based on the trailing twelve months, the airline achieved a return on invested capital of 13.8%, compared with the 14.4% reported in the previous quarter, and one of the best third quarters in WestJet history.

Altra Holdings signs agreement to acquire Svendborg Brakes

Altra Holdings signed a definitive agreement to acquire the shares of Svendborg Brakes A/S and S.B. Patent Holding ApS (together “Svendborg”) for a cash consideration of €80.1m, less the cash remaining on the bal-ance sheet at close, which is payable upon completion of the acquisition. Altra intends to finance the transaction through a com-bination of European cash and additional borrowings under its credit agreement. The

AerData, the provider of software and services for the aviation industry announced Etihad Airways, the national airline of the United Arab Emirates, is the latest airline to acquire STREAM aircraft records software. STREAM (Secure Technical Records for Electronic Asset Management) is the industry’s foremost web-based solution used by some of the world’s largest airlines, lessors and MROs to manage aircraft and engine records.

INFORMATION TECHNOLOGY

November 11, 2014 / Vol. 414

finalization of the transaction is subject to customary closing conditions, including re-ceipt of required regulatory approvals, and is expected to take place during the fourth quarter of 2013. The acquisition is anticipat-ed to be accretive to Altra Holdings’ earnings in 2014 in the range of $0.10 to $0.15 per diluted share, excluding any one-time or ac-quisition-related costs.

FL Technics, a global provider of aircraft maintenance, repair and overhaul services, and Transaero, the second largest air carrier in Russia, are further developing their cooperation. The two companies have signed a new agreement to install high-speed

satellite Wi-Fi technology on Transaero’s Boeing 737 Next Generation aircraft. According to the agreement, FL Technics specialists have already modern-ized the in-flight entertainment system in Transaero aircraft by installing new Row44 connec-tivity technologies. The satellite-based solution allows higher Internet connectivity than the one provided by ground-based systems. The installation of a powerful WiFi system was con-ducted by FL Technics specialists

at the company’s main technical base in Vilnius, Lithuania. Transaero Airlines has 19 Boeing 737 Next Generation aircraft in its fleet that will be equipped with an in-flight Internet connectivity system.

IFEs & CONNECTIVITY

OTHER NEWS

Berwick Industries announced the formal purchase of MacCarthy Aviation Hold-ings. The new company will trade as ‘MAC Interiors’ with all personnel and contact de-tails remaining the same.

GE Aviation, which consumes more than 10m gallons of jet fuel annually at its engine testing centers, will broaden its fuel source beginning in 2016. GE Aviation has signed an agreement to purchase cellulosic synthetic biofuel from The D’Arcinoff Group (DG), based in Washington, D.C., to be used for production and development testing of GE

jet engines. The 10-year agreement calls for GE’s baseline commitment of 500,000 gal-lons annually of the low-emissions jet fuel to be used at the company’s main jet engine testing facility in Peebles, Ohio. Options are in place to order up to 10m gallons annually of the synthetic biofuel. Since 2007, GE Aviation has partnered with several government enti-ties and airlines worldwide in demonstrating various alternative fuels in its engines – either through ground tests or full-fledged aircraft flight demonstrations. The demonstrations have involved several GE engine models from the F414 fighter jet for the Boeing F/A-18 to the GE CF6 commercial engine for such large airliners as the Boeing 767.

Members of the International Association of Machinists and Aerospace Workers (IAM) District 751, District W-24 will vote on a proposal from the Boeing Company that, if approved, would guarantee the Boeing 777X wings and fuselage will be built by IAM members in the Puget Sound. In exchange for the 777X guarantee, Boeing proposes a new eight-year labor agreement that will expire in September 2024, providing an unprecedent-ed degree of labor stability in the volatile and

FL Technics will install high-speed Wi-Fi on Transaero’s Boeing 737s Transaero

8AviTrader WEEKLY AVIATION HEADLINES

Aeroflot presented a new Aeroflot Group member – the consolidated Far Eastern airline “Aurora”. JSC “Aurora Airlines” was established by the order of the Prime Minister of the Russian Federation on the basis of two Far Eastern air carriers – SAT Airlines and Vladivos-tok Avia (both in Aeroflot group since 2011). The main objective of a newly created airline is to contribute to Russia’s Far East social and economic development through the system of more efficient and accessible passenger traffic. Aurora’s business plan envisages a dynamic boost of opera-tional activities: from 2013 to 2018 the number of flights should increase from 172 to 534; the number of destinations – from 30 to 128; and the annual traf-fic will reach 2.4m passengers. Aurora’s fleet will be strengthened by modern air-craft. In addition to the existing medium-haul Boeing B737s, the fleet will receive three Airbus A319 airliners by the end of this year. By the end of 2014, the carrier’s fleet is expected to comprise seven aircraft of this type. The regional fleet will include turboprop airliners with a capacity between 50 and 78 seats. Local air transportation services will be provided on aircraft with up to 20 seats. The total fleet size should reach up to 40 aircraft by 2018.

competitive industry. According to estimates, the 777X could mean as many as 10,000 di-rect and 10,000 indirect jobs in the immediate vicinity, with the project also serving as a long-term hub for advanced technology in elec-tronics, avionics and composite technology required by the 777X. The proposal by Boeing includes additional modifications to the cur-rent labor agreement, including cessation of pension accruals for current employees and the establishment of an alternative company-funded retirement plan. Additionally, within 30 days of ratification, all members would be paid a $10,000 signing bonus.

Monarch Aircraft Engineering was grant-ed UK Civil Aviation Authority (CAA) Part 147 approval to deliver aircraft type training on the Boeing 787 Dreamliner. The Boeing 787 Dreamliner B1 & B2 type training will be delivered by the Monarch Aircraft Engineer-ing Training Academy (MAETA) at its fully equipped state-of-the art training facility at London Luton Airport.

NEW RUSSIAN REGIONAL CARRIER

• In October, Air Canada reported a system load factor of 81.3%, versus 82.9% in October 2012, a decrease of 1.6 points on a system-wide capac-ity increase of 3.2%. Sys-tem traffic for October increased 1.3%.

• Alaska reported a 3.8% increase in traf-fic on a 5.1% increase in capacity compared to October 2012. This resulted in a 1.0 point decrease in load factor to 84.2%.

• Delta reported that October system traffic increased 1.4% when compared to the pre-vious year, while sys-

tem capacity increased 3.6%. System load fac-tor for October was slightly down by 1.7 pts to 82.9%, compared to October 2012.

• In October, Finnair traffic rose by 4.3% and the overall capac-ity grew 0.2% year-on-year. Passenger load factor improved by 3.1 points and was 78.6%, compared to the same period in 2012.

• Horizon reported a 1.0% increase in traffic on a 1.2% decrease in capacity compared to Oc-tober 2012. This resulted in a 1.7 point increase in load factor to an October

record of 79.4%.

• In October 2013 IAG traffic increased by 8.9% versus October 2012, while Group capacity rose by 8.0%. The load factor for October was up 0.7 points to 81.2%.

• Ryanair reported that October traffic increased 6.0% when compared to October 2012, while the load factor for the month increased 1.0 point to 83.0%.

• SAS Group traffic for October 2013 increased by 0.8% and capac-ity was up 4.0% when compared to the same period in 2012. The load

factor was down 2.3 points to 72.3%.

• Southwest Airlines reported that traffic in October 2013 increased 1.3% compared to the same period in 2012. Capacity increased 2.4% from the October 2012 level and the load factor was 79.9%, down 0.8 points.

• UAL’s October 2013 consolidated traffic increased 3.1% and consolidated capacity increased 4.3% versus October 2012. UAL’s Oc-tober 2013 consolidated load factor decreased 1.0 point to 81.9% com-pared to October 2012.

• US Airways Group announced its October 2013 traffic results. Main-line traffic for the month was up 5.7% versus October 2012. Mainline capacity was up 9.1% versus October 2012. Mainline passenger load factor was 83.5% for the month of October, down 2.7 points versus Octo-ber 2012.

• WestJet announced October 2013 traffic results with a load fac-tor of 79.2%, down 2.0 points compared to October 2012. Traffic in-creased 5.4% year over year, and capacity grew 8.1% over the same pe-riod.

PASSENGER STATISTICS: OCTOBER

Aeroflot (above) launched new regional subsidiary Aurora AirTeamImages

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• Boeing as named Ted Colbert chief information officer and vice president of the company’s Information Technol-ogy organization. Colbert, who was formerly vice president of the Boeing Information Technology Infrastructure organization, replaces Kim Ham-monds, who is leaving the company.

• AeroTurbine, a wholly owned sub-sidiary of International Lease Finance Corporation (ILFC), promoted Al Wood to the position of executive vice president and chief commercial officer. In his new role, Wood will continue to lead AeroTurbine’s worldwide sales, product and marketing activities.

• GE Capital Aviation Services (GE-CAS), the commercial aircraft leasing and financing arm of GE, released that Stephane Daillencourt has been promoted to executive vice president, Aviation Financing Operations. Based in Singapore and reporting to GECAS president and CEO Norman Liu, Dail-lencourt will be responsible for over-seeing all structured finance and capital markets activity as well as debt syndica-tions and GECAS’ secured lending unit, PK AirFinance.

• PAS Technologies reported the appointment of David W. Theis to the newly expand-ed role of senior vice president Sales. In this capacity Theis will provide global leadership to the entire company, for all products and services, including Aerospace and Energy.

• Universal Avionics released that Paul DeHerrera has been appointed to the position of chief executive officer for the company. DeHerrera has transitioned into this new role as Joachim L. (Ted) Naimer remains as president and chair of the Board.

• With effect from December 1st, 2013, Elisabeth Winterwill succeed Professor Dr Borislav Bjelicic as head of DVB Bank SE’s Group Corporate Communications. Bjelicic is leav-ing DVB to focus on his university teaching activities.

• Bombardier Aerospace appointed Éric Martel as president, Bombardier Business Aircraft. Martel succeeds Steve Ridolfi, who last week was appointed senior vice president, Strategy and Mergers and Acquisitions, Bombardier, reporting to Pierre Beaudoin, president and chief executive officer, Bombardier. Both of these appoint-ments are effective January 1, 2014.

• Dynamic Aviation, a leading provider of innovative aviation solutions to govern-ment and commercial organizations worldwide, reported that Michael George has joined the company as senior vice president, Corporate Development. In his new role, George is directly responsible for achieving long-term expansion of the company’s revenue and profitability. He identifies market and competitive factors that will impact the business over the long-term, coordinates preparation of the company’s strategic and annual operating plans, recommends appropriate CEO Growth Initiatives, leads execution of these initiatives, and coordinates and expands the company’s alliances and partnerships.

AviTrader WEEKLY AVIATION HEADLINES

AviTrader Publications Corp.9500 Aquila Road

Richmond, BCCanada V7A 3P9

PublisherPeter Jorssen

Tel: +1 604 318 5207

EditorCatherine Davies

[email protected]: +44 (0) 7772 896 280

Advertising Inquiries and Customer Support

Jenny [email protected]: + 49 (0) 8761 346 007

For inquiries and comments, please email:

[email protected]

Dubai AirshowDubai World Central, 17-21 November, 2013. (Event brochure)

MRO Latin AmericaWindsor Atlântica, Rio de Janeiro, Brazil, 21-22 January, 2014. (Event brochure)

Indonesia 1st Aircraft & Engine Leasing SummitJakarta, Indonesia 5-6 March, 2014. (Event brochure)

ISTAT Americas 2014San Diego, California, USA, 16-18 March, 2014. (Event brochure)

Managing Technical Aspects of a Leased AssetMaintenance Reserves Training School

Radisson Blu Centrum Hotel, Warsaw, Poland, 25 & 26 March, 2014. (Event brochures)

EASA & Continuing Airworthiness SeminarRecords Management - Technology Leaps and Best Practices

Dublin, Ireland, 29 & 30 April, 2014. (Event brochures)

Click here for more aviation events

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9

INDUSTRY PEOPLE

November 11, 2013 / Vol. 414

Paul DeHerrera (left) and J.L. (Ted) Naimer, president of Universal Avionics Universal Avionics

TheAviTraderAircraftandEngineMarketplace Page 1 of 4

Commercial Jet Aircraft

,November 11, 2013

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

A319-100 Amentum Capital CFM56-5B6/3 3533 2008 Mar 2014 Lease Noel Healy [email protected] +353 1 639 8111

A319-100 Amentum Capital CFM56-5B6/3 3560 2008 Mar 2014 Lease Noel Healy [email protected] +353 1 639 8111

A320-200 ORIX Aviation V2527-A5 1661 2002 Q1/2015 Lease Donal McConnell [email protected] +353 863 687 184

A320-200 GA Telesis V2500-A1 66 1989 Jan 2014 Sale / Lease Adam Lockhart [email protected] +44 (0) 1372 940155

A320-200 GA Telesis V2500-A1 76 1989 Dec 2013 Sale / Lease Adam Lockhart [email protected] +44 (0) 1372 940155

A320-200 GA Telesis V2500-A1 67 1989 Nov 2013 Sale / Lease Adam Lockhart [email protected] +44 (0) 1372 940155

A320-200 GA Telesis V2500-A1 81 1989 Nov 2013 Sale / Lease Adam Lockhart [email protected] +44 (0) 1372 940155

A320-231 GA Telesis V2500-A1 441 1993 Now Sale / Lease Harris Koutounidis [email protected] +1-954-676-3111

Commercial Jet Aircraft

A320 231 GA Telesis V2500 A1 441 1993 Now Sale / Lease Harris Koutounidis [email protected] +1 954 676 3111

A320-231 Jet Midwest Inc. V2500-A1 0230 1991 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

A321-211 Apollo Aviation Group CFM56-5B3/3 970 1999 Now Sale / Lease Erik Castillo [email protected] +1 (305) 579-2340

A321-211 Apollo Aviation Group CFM56-5B3/3 995 1999 Now Sale / Lease Erik Castillo [email protected] +1 (305) 579-2340

B737-200F Azure Resources Inc. JT8D-15 22120 Now Sale / Lease Jeff Young [email protected] +1-954-249-7935

B737-232 Jet Midwest Inc. JT8D-15A 23086 1984 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

B737-2H4 Jet Midwest JT8D-9A 22062 1980 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

B737-300 AerSale CFM56-3B1 23440 1986 Now Sale / Lease Craig Wright [email protected] +1 (305) 764 3238

B737-300 AerSale CFM56-3B1 23441 1986 Now Sale / Lease Craig Wright [email protected] +1 (305) 764 3238

B737-300 World Star Aviation Services CFM56-3C1 28738 1998 Sep 2013 Sale / Lease Sean O Connor Soconnor@worldstaraviation com +1 415-956-9456B737-300 World Star Aviation Services CFM56-3C1 28738 1998 Sep 2013 Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-300 World Star Aviation Services CFM56-3C1 28872 1998 Jul 2014 Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-300 World Star Aviation Services CFM56-3B2 24208 1998 Feb 2014 Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-300 World Star Aviation Services CFM56-3C1 28573 1998 Jul 2013 Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-300 ORIX Aviation CFM56-3C1 29331 1998 Q4/2013 Sale Donal McConnell [email protected] +353 863 687 184

B737-300 Phoenix Aer Capital CFM56-3 24532 Now Sale Bob Gallagher [email protected] +1 727-376-0292

B737-300 Phoenix Aer Capital CFM56-3 24666 Now Sale Bob Gallagher [email protected] +1 727-376-0292

B737-300QC Safair Operations CFM56-3B2 C. Schoonderwoerd [email protected] +27 11 928 0000

B737-400 World Star Aviation Services CFM56-3C1 24706 1991 Now Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-400 World Star Aviation Services CFM56-3C1 26290 1993 Now Sale / Lease Sean O Connor Soconnor@worldstaraviation com +1 415-956-9456

Now - Wet Lease / ACMI

B737-400 World Star Aviation Services CFM56-3C1 26290 1993 Now Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-400 ORIX Aviation CFM56-3B2 24552 1989 Q2/2013 Lease Donal McConnell [email protected] +353 863 687 184

B737-400 ORIX Aviation CFM56-3B2 24979 1991 Q4/2013 Lease Donal McConnell [email protected] +353 863 687 184

B737-400 AerSale CFM56-3C1 25417 1991 Now Sale / Lease Craig Wright [email protected] +1 (305) 764 3238

B737-400 Safair Operations Combi C. Schoonderwoerd [email protected] +27 11 928 0000

B737-400 Safair Operations Pax C. Schoonderwoerd [email protected] +27 11 928 0000

B737-500 World Star Aviation Services CFM56-3B1 26297 1994 Apr 2013 Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-75B Apollo Aviation Group CFM56-7B22 28107 1998 Jan 2014 Sale / Lease Erik Castillo [email protected] +1 (305) 579-2340

B737-800 ORIX Aviation CFM56-7B24 33641 2007 Q1/2014 Lease Donal McConnell [email protected] +353 863 687 184

B737 800 ORIX Aviation CFM56 7B26 35090 2006 Q4/2014 Lease Donal McConnell donal mcconnelll@orix ie +353 863 687 184

Sep 2013 ACMI/Wet lease

Jul 2013 ACMI/Wet lease

B737-800 ORIX Aviation CFM56-7B26 35090 2006 Q4/2014 Lease Donal McConnell [email protected] +353 863 687 184

B737-800 ORIX Aviation CFM56-7B24 34181 2005 Q1/2015 Lease Donal McConnell [email protected] +353 863 687 184

B737-800 ORIX Aviation CFM56-7B26 35072 2007 Q2/2015 Lease Donal McConnell [email protected] +353 863 687 184

B747-400 GA Telesis PW4056 28756 1998 Now Sale / Lease Stefanie Jung [email protected] +1 954-958-1321

B747-400ERF Amentum Capital CF6-80C2B5F 35172 2007 Now Sale Noel Healy [email protected] +353 1 639 8111

B747-400ERF Amentum Capital CF6-80C2B5F 35170 2006 Now Lease Noel Healy [email protected] +353 1 639 8111

B757-200 World Star Aviation Services RB211-535-E4 24544 1990 Now Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B757-200 GA Telesis RB211-535E4B 24488 1989 Jul 2013 Sale Stefanie Jung [email protected] +1 954-958-1321

B757-200 ORIX Aviation RB211-535E4 27811 1995 Q1/2014 Lease Donal McConnell [email protected] +353 863 687 184

B757 200 ORIX A i ti RB211 535E4 27246 1994 Q1/2014 L D l M C ll d l lll@ i i 353 863 687 184B757-200 ORIX Aviation RB211-535E4 27246 1994 Q1/2014 Lease Donal McConnell [email protected] +353 863 687 184

B757-223 Jet Midwest Inc. RB211-535E4 Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

B757-200F AerSale RB211-535E4 23767 1987 Now Sale / Lease Craig Wright [email protected] +1 (305) 764 3238

B767-200ER Jet Midwest Inc. PW4056 24007 1988 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

B767-200ER Jet Midwest Inc. JT9D-7R4D 24325 1989 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

B767-200ER Jet Midwest Inc. JT9D-7R4D 24145 1988 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

B767-222 Jet Asia Aiways Co. Ltd. JT9D-7R4D 21868 Now ACMI, Wet L. Kevin Lee [email protected] +1 310 944 0327

B767-246 Jet Asia Aiways Co. Ltd. JT9D-7R4D 23214 Now ACMI, Wet L. Kevin Lee [email protected] +1 310 944 0327

B767-300ER Jet Midwest Inc. PW4060 25287 1992 Q3/2013 Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

@B777-200ER GA Telesis Trent 892 28416 1998 Now Sale / Lease Harris Koutounidis [email protected] +1-954-676-3111

DC10-30F Bristol Associates CF6-50C2 47925 1974 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

DC10-30F Bristol Associates CF6-50C2 47929 1975 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

L100-30 Safair Operations 501-D22 C. Schoonderwoerd [email protected] +27 11 928 0000Now - Wet Lease / ACMI

,November 11, 2013

www.gatelesis.com

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

TheAviTraderAircraftandEngineMarketplace Page 2 of 4

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

MD82 Jet Midwest Inc. JT8D-217C 49988 1990 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

MD82 Jet Midwest Inc. JT8D-219 49325 1986 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

MD82 Jet Midwest Inc. JT8D-217C 49286 1985 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

MD82 Jet Midwest Inc. JT8D-217C 49287 1985 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

MD82 Jet Midwest Inc. JT8D-217C 49342 1987 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

Commercial Jet Aircraft (cont.)

,November 11, 2013

MD82 Jet Midwest Inc. JT8D-217C 49988 1990 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

MD83 Jet Midwest Inc. JT8D-219 53189 1995 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

MD83 Jet Midwest Inc. JT8D-219 49663 1987 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

MD90-30 AerSale V2528-D5 53493 1998 Now Sale / Lease Shane O´Connell [email protected] +353 (87) 0638243

MD90-30 AerSale V2528-D5 53497 1998 Now Sale / Lease Shane O´Connell [email protected] +353 (87) 0638243

MD90-30 AerSale V2528-D5 53506 1998 Now Sale / Lease Aidan Harrison [email protected] +353 (86) 3890787

Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email Phone(2) ATR72 200 Willis Lease PW124B Now Sale / Lease Dave Johnson djohnson@willislease com +1 415 408 4730

Regional Jet / Turboprop Aircraft

(2) ATR72-200 Willis Lease PW124B Now Sale / Lease Dave Johnson [email protected] +1 415 408 4730

ATR72-212 Safair Operations 405 1994 C. Schoonderwoerd [email protected] +27 11 928 0000

CRJ100ER GA Telesis CF34-3A1 7117 1996 Now Sale / Lease Harris Koutounidis [email protected] +1 954 676 3111

CRJ100ER GA Telesis CF34-3A1 7123 1996 Now Sale / Lease Harris Koutounidis [email protected] +1 954 676 3111

CRJ100ER GA Telesis CF34-3A1 7127 1996 Now Sale / Lease Harris Koutounidis [email protected] +1 954 676 3111

CRJ100ER GA Telesis CF34-3A1 7131 1996 Now Sale / Lease Harris Koutounidis [email protected] +1 954 676 3111

CRJ100ER GA Telesis CF34-3A1 7134 1996 Now Sale / Lease Harris Koutounidis [email protected] +1 954 676 3111

EMB-120QC Jet Midwest Inc. PW118 120264 1992 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

ERJ-135ER Bristol Associates 145176 1999 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

ERJ-135ER Bristol Associates 145186 1999 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

ERJ 135ER B i t l A i t 145192 1999 N S l Ed M N i / P t S idlit b i t l@b i t l i t 1 202 682 4000

Now - Wet Lease / ACMI

ERJ-135ER Bristol Associates 145192 1999 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

ERJ-135LR Bristol Associates 145332 2000 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

ERJ-135LR Bristol Associates 145334 2000 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

ERJ-135LR Bristol Associates 145323 2000 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

Commerical EnginesContact Email Phone

Sherry Riley [email protected] +1(513)782-4272

(2) AE3007A1 Now - Sale / Lease Engine Lease Finance Ciaran McGlynn [email protected] +353 61 291729

Bill Polyi [email protected] +1 (704) 504-9204

(1) CF34-8E5 Now - Lease Lufthansa Technik AERO Alzey Tobias Konrad [email protected] +49 (0) 6731 497461

(2) CF34-10E5

(2) CF34 3A1 Now Sale GA Telesis Harris Koutounidis hkoutounidis@gatelesis com +1 954 676 3111

Now - Sale/Lease/Exch.

Company

CF34-3A1/B1 (multiple available) Magellan Group

GECAS Engine LeasingNow - Sale / Lease

CF34 Engines

Commerical Engines

AE3007 Engines

Sale / LeaseEngine Type

Multiple Engines GE / CFM / RB211

(2) CF34-3A1 Now - Sale GA Telesis Harris Koutounidis [email protected] +1-954-676-3111

(1) CF34-8E5A1 Now - Lease AeroCentury Frank Pegueros [email protected] +1 650 340 1888

Sherry Riley [email protected] +1 (513) 782-4272

(1) CF6-80C2A5 Apollo Aviation Group Erik Castillo [email protected] +1 (305) 579-2340

(4) CF6-80C2A2 Now - Sale / Lease

(2) CF6-80C2B4

(1) CF6-50C2 Now - Sale / Lease Konrad J Walter [email protected] +1 954-445-8127

(1) CF6-50 Now - Sale Phoenix Aer Capital Bob Gallagher [email protected] +1 727-376-0292

CF6-50E2 (multiple) Now Sale / Lease Commercial Aircraft Services Brian Cooper brian@casi aero +1 208-899-1915

Now - Sale/Lease/Exch.

Taking Aviation Forward, LLC

CF6 Engines

Now - Sale / Lease GECAS Engine LeasingCF34-8E(s)

Now - Sale/Lease/Exch.

CF6-50E2 (multiple) Now - Sale / Lease Commercial Aircraft Services Brian Cooper [email protected] +1 208-899-1915

Jim Green [email protected] + 1 954 889 0639

Jim Green [email protected] + 1 954 889 0639

(1) CF6-80C2B4 Now - Sale / Lease

Now - Sale / Lease(1) CF6-80C2B6

CTS Engines

,November 11, 2013

GECASEngine Leasing

www.ses.ie

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Search or sell withStockMarket.aero

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TheAviTraderAircraftandEngineMarketplace Page 3 of 4

Contact Email Phone

(2) CF6-80C2 Now - Sale/Lease/Exch. TES Aviation Group Lee Whitehurst [email protected] + 44 (0) 7760884250

(1) CF6-80C2B4F Now - Lease Ann Lee [email protected] +1 (415) 408 4770

(1) CF6-80C2B4 PMC Now - Lease

(1) CF6-80C2A8/A5 Now - Sale ULS Airlines Cargo Cem AKIN [email protected] +90 212 496 0202

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

(1) CF6-50C2 full QEC Now - Sale / Lease Flight Director Gail Holguin [email protected] +1 (512) 218-5849

(2) CF6 80C2A2

CF6 Engines (cont.)

Sale / Lease CompanyEngine Type

Commerical Engines (cont.)

Willis Lease

,November 11, 2013

(2) CF6-80C2A2

(1) CF6-80C2B1F Now - Lease Engine Lease Finance Joe Hussar [email protected] +1 (617)828-3569

(1) CF6-80C2B6F Now - Sale/Lease/Exch. AerSale. Inc. Matthew White [email protected] +353 86 3004189

(1) CF6-80C2D1F Now - Sale/Lease/Exch. Joe Robirds [email protected] +1 760-207-7566

(1) CFM56-7B24 Now - Lease Engine Lease Finance Joe Hussar [email protected] +1 617 828-3569

(1) CFM56-5A3 Now - Lease

(1) CFM56-5A3 Now - Sale / Lease World Star Aviation Services Sean O Connor [email protected] +1 415-956-9456

(1) CFM56-3B1 Now - Sale / Lease

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

CFM56 Engines

R l A(2) CFM56-3C1 Now - Sale / Lease Frank Rustmeier [email protected] +49 (0)8025 99360

(1) CFM56-5A3 Oct 13 - Sale / Lease

(2) CFM56-5B4P Now - Sale / Lease

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

(1) CFM56-3C1 Now - Sale Mike Visconti [email protected] +1 305 753-6106

(2) CFM56-7B27/3B1F Now - Sale/Lease/Exch. AerSale. Inc. Joe Robirds [email protected] +1 760-207-7566

(2) CFM56-5C4 Now - Sale/Lease/Exch. Bill Polyi [email protected] +1 (704) 504-9204

(1) CFM56-3C1 Now - Sale/Lease/Exch. Lufthansa Technik Airmotive Irel. Alan Phelan [email protected] +353-87-2786738

(2) CFM56-3C1 Nov 13 - Sale/Lease/Exch.

(6) CFM56-3C1 Dec 14 - Sale/Lease/Exch.

(2) CFM56-3C1 Jan 14 - Sale/Lease/Exch.

Magellan Group

Royal Aero

(1) CFM56-3B2 Dec 13 - Sale/Lease/Exch.

(2) CFM56-5A1/F Now - Sale / Lease GA Telesis Eddo Weijer [email protected] +1-954-676-3111

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

(1) CFM56-7B22 Now - Sale / Lease

Ivan Graydon [email protected] + 353 61 70 6463

CFM56-5B(s)

(1) CFM56-5A3 Now - Lease Ann Lee [email protected] +1 (415) 408 4770

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

Now - Sale/Lease/Exch.

(2) CFM56-7B24 (Non-TI) Now - Lease

Now - Sale/Lease/Exch.

CFM56-7B(s)

Now - Sale/Lease/Exch.

Now - Sale/Lease/Exch.

CFM56-5A(s)

CFM56-3(s) SES

Willis Lease

( )

(1) CFM56-5B4/P

(2) CFM56-5C4/P Now - Lease

(1) CFM56-3C1 AeroTurbine Todd Power [email protected] +1 214-240-1145

(2) CFM56-5A3 Now - Sale / Exchange

(5) CFM56-3B2 Now - Sale / Exchange

(1) CFM56-3B2 (tow) Now - Lease

(1) CFM56-3B2/C1 Now - Sale / Exchange

(2) CFM56-3B2 Now - Lease

(1) CFM56-3B1 Now - Lease

(1) CFM56-5B4 Now - Lease

Now - Lease

Now - Sale / Exchange

(2) CFM56-7B24/3

(1) CFM56 5B4 Now Lease

(1) CFM56-5A3 Now - Lease

(3) CFM56-3C1 Now - Lease

(1) CFM56-5C4 Now - Sale/Lease/Exch. Apollo Aviation Group Erik Castillo [email protected] +1 (305) 579-2340

(4) CFM56-5C3/F Now - Sale/Lease/Exch.

(1) CFM56-5B4/P Now - Lease Castlelake Rich Gauvin [email protected] +1 612 851 3022

(1) CFM56-7B Now - Lease

(1) CFM56-3C Flight Director Gail Holguin [email protected] +1 (512) 218-5849

Bill Polyi [email protected] +1 (704) 504-9204

(1) CFM56-7B20 Now - Sale/Lease/Exch.

(1) CFM56-5C4 Now - Lease ORIX Aviation Donal McConnell [email protected] +353 863 687 184

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

Now - Sale / Exch.

Now - Sale/Lease/Exch.(2) CFM56 – 5C3 Magellan Group

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

(1) CFM56-3C1 Now - Sale/Lease/Exch. TES Aviation Group Lee Whitehurst [email protected] + 44 (0) 7760884250

Now - Sale/Lease/Exch PSG Turbines LLC Karl Drusch [email protected] +1-817-296-2705

Sherry Riley [email protected] +1(513)782-4272

(2) JT8D-219 Now - Sale/Lease/Exch PSG Turbines LLC Karl Drusch [email protected] +1-817-296-2705

(1) JT8D-217C/219 Now - Sale / Lease Azure Resources Jeff Young [email protected] +1-954-249-7935

(1) JT8D-15 full QEC Now - Sale/Lease/Exch. Flight Director Gail Holguin [email protected] +1 (512) 218-5849

(1) JT8D-17 full QEC Now - Sale/Lease/Exch.

(1) JT8D-219 full QEC Now - Sale/Lease/Exch.

(3) JT8D 200 Now Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis com +1 954 676 3111

(2) CFM56-5A

(2) CFM56-3C1

Now - Sale

JT8D Engines

GECAS Engine Leasing

(3) JT8D-200 Now - Sale / Lease GA Telesis Eddo Weijer [email protected] +1-954-676-3111

Now - Sale / Lease Jet Midwest Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

(2) JT9D-7R4D/E Now - Sale John Titus [email protected] +1 253 269-3000

(1) JT9D-7A Now - Sale

(3) JT9D-7J Now - Sale/Lease/Exch. Lufthansa Technik Airmotive Irel. Alan Phelan [email protected] +353-87-2786738

Now - Sale / Lease Jet Midwest Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

(34) JT9D-7R4D Now - Sale / Lease

(1) JT8D-219 or -217

(1) JT9D-7R4D overhauled

JT9D Engines

,November 11, 2013

TheAviTraderAircraftandEngineMarketplace Page 4 of 4

Contact Email Phone

Bill Polyi [email protected] +1 (704) 504-9204

PW100s (all models) Now - Sale / Lease Lufthansa Technik AERO Alzey Tobias Konrad [email protected] +49 (0) 6731 497461

(5) PW150A (also Pooling available) Now - Lease

(3) PW121 (ATR) Now - Sale/Lease/Exch. Marty Jones [email protected] +1 (561) 809-0454

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

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

(3) PW124B N S l /L /E h

PW Small EnginesNow - Sale/Lease/Exch.PW100's (all models)

Willis Lease

Commerical Engines (cont.)Engine Type Sale / Lease Company

Magellan Group

,November 11, 2013

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

(1) PW121 Now - Sale / Lease Royal Aero Frank Rustmeier [email protected] +49 (0)8025 99360

(1) PW150 (TT=0) Bill Polyi [email protected] +1 (704) 504-9204

(3) PW4056-1 Now - Sale/Lease/Exch. GA Telesis Eddo Weijer [email protected] +1-954-676-3111

(3) PW4056-3 (full QEC) Now - Sale / Lease Bill Polyi [email protected] +1 (704) 504-9204

(1) PW4060-3 Dec 14 - Sale / Lease Royal Aero Frank Rustmeier [email protected] +49 (0)8025 99360

(1) PW4056-1C Now - Lease AeroTurbine Todd Power [email protected] +1 214-240-1145

(3) PW4056-3 Now - Sale/Lease/Exch.

(1) PW4060-3 Now - Lease

Magellan Group

Now - Sale/Lease/Exch.

PW4000 Engines

Magellan Group

(1) PW4056-1 Now - Lease

(1) PW4060-1 Now - Lease

(2) PW4056 Now - Sale / Lease AerSale. Inc. Joe Robirds [email protected] +1 760-207-7566

(2) PW4056-3 Flight Director Gail Holguin [email protected] +1 (512) 218-5849

(1) PW4056 Now - Sale/Lease/Exch. TES Aviation Group Lee Whitehurst [email protected] + 44 (0) 7760 884250

(1) PW4062 Now - Lease Willis Lease Ann Lee [email protected] +1 (415) 408 4769

(1) PW4060 Now - Lease

(1) PW4168A Now - Sale / Lease Engine Lease Finance Joe Hussar [email protected] +1 (617)828-3569

(1) RB211-535E4 Now - Sale/Lease Rolls-Royce & Partners Finance Bobby Janagan [email protected] +44 20 7227 9078RB211 Engines

Now - Lease

(1) RB211-535E4B Now - Sale/Lease/Exch. GA Telesis Eddo Weijer [email protected] +1-954-676-3111

(1) RB211-535E4 Now - Sale / Lease AerSale Inc. Matthew White [email protected] +353 86 3004189

(2) RB211-535E4 Now - Sale/Lease/Exch. TES Aviation Group Lee Whitehurst [email protected] + 44 (0) 7760 884250

(2) Trent 800 Now - Sale / Lease GA Telesis Eddo Weijer [email protected] +1-954-676-3111

(1) Trent 884-17 Now - Sale/Lease/Exch. Apollo Aviation Group Erik Castillo [email protected] +1 (305) 579-2340

(multiple) Tay 650-15 Now - Sale / Lease Jet Midwest Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

(1) V2527-A5 Now - Lease Willis Lease Ann Lee [email protected] +1 (415) 408 4769

Tay Engines

V2500 Engines

Trent Engines

( ) @ ( )

(1) RB211-524H-T-36 Now - Sale / Lease AerSale. Inc. Matthew White [email protected] +353 86 3004189

(1) RB211-535E4 Now - Sale / Lease

(1) V2500-A1 Now - Sale / Lease ORIX Aviation Donal McConnell [email protected] +353 863 687 184

(1) V2500-A1 Now - Sale / Lease GMT Global Republic Aviation John Leech [email protected] +353 1 210 3504

(1) V2500-A5 Now - Sale/Lease/Exch. TES Aviation Group Lee Whitehurst [email protected] + 44 (0) 7760 884250

(1) V2527-A5 Now - Lease Engine Lease Finance Joe Hussar [email protected] +1 617 828-3569

(1) V2533-A5 Now - Sale / Lease

(1) V2533-A5 w/QEC Now - Lease Rolls-Royce & Partners Finance Bobby Janagan [email protected] +44 20 7227 9078

(1) V2527-A5 w/QEC Now - Lease

Description Contact Email PhoneNow - Sale Willis Lease Ann Lee [email protected] +1 (415) 408 4769

Purchase/Sale/Lease Stands on Demand Yexceld Perez [email protected] +1 305-558-8973

Now - Sale / Lease Jet Midwest Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

Now - Sale / Lease Werner Aero Services Christopher Farrell [email protected] +1 201-661-6819

Now - Sale Tradewinds Engine Serv. Brad Pleimann [email protected] +1 954 421 2510

LHT Airmotive Ireland Alan Phelan [email protected] +353-87-2786738

Reliance Aircraft Terry Hix [email protected] +1 512-439-6988

Engine cover:

NEW QEC for V2500

CF34-3; CFM56-7 & RB211-535 engine cover

CFM56-3 Serv Modules (Fan/Booster/HPT/LPT/ AD compliant Gearboxes)

1 V2500 QEC kit, p/n 745k9001-46

GTCP131-9A (P/N 3800708-1)

APU 3800298-1-2 (B767)

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

CompanyAircraft and Engine Parts, Components and Misc. Equipment

Reliance Aircraft Terry Hix [email protected] +1 512-439-6988

(1) PW901A Now - Lease LHT AERO Alzey Tobias Konrad [email protected] +49 (0) 6731 497461

GTCP131-9B, PW901A, GTCP331-200ER, Now - Sale/Lease/Exch. Aeroturbine Brianne Van Abeele [email protected] +1 972-892-0213

GTCP131-9A, RE220RJ, GTCP331-350C

Ben Murphy or [email protected] +353 61-474800 x429

John McDonnell

Description Contact Email Phone(1) 737-400 airframe wanted for tear-down purpose, any year of manufacture Jet Midwest Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

WantedCompany

Shannon, Ireland

Magellan Group

APU GTCP36-150RJ (CRJ 100/200) SVC- available now – sale/lease/exch.

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

APU T62-T-46C12 (Dash 8 Q400) SVC – available now - sale/exchange

,November 11, 2013