DIGITAL AIRCRAFT AND ENGINE LEASE RETURNS

ACCORDING TO INDUSTRY forecasts, in the next 10 Years, MRO growth globally will account for USD 86.8 billion. Line maintenance is predicted to account for 20% of that with a CAGR (compound annual growth rate) of 4.1% (Ref Fig 1 below). It is expected that, a significant proportion of this 20% will be outsourced to line maintenance MRO service providers, allowing carriers (airlines and aircraft operators) to focus on their core activities. As carriers continue to reduce the cost of maintenance, are there opportunities for a ‘line maintenance’ MRO to still increase profitability by reducing levels of or eliminating revenue leakage?

Spotlight

Dubai Civil Aviation Authority

Dubai Civil Aviation Authority (DCAA) was established as an autonomous body by the decree issued by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, by proclamation of Law No. (21) of 2007, to undertake development of air transport industry in the Emirate of Dubai and to oversee all aviation related activities. Law No. (21) of 2007 was amended by Law No. (19) of 2010.

OTHER ARTICLES
Business Aviation

How to be eco-friendly in the aviation industry?

Article | December 28, 2021

Each year airlines begin new sustainability initiatives, experiment with biofuels, and offset their carbon emissions on selected flights; yet, sustainability should not only be a topic of discussion when an aircraft is in the air but also when it’s on the ground. In just one year, a Boeing 777, 787, Airbus A330, and A350, burn an extra 265,000 litres of fuel due to the 1% increase in drag. As a result, a full year’s operations of such an aircraft costs US$77,600 more than during the previous year. A dirty aircraft exterior is full of microscopic patches of dust and mud that impact the airliner’s operational efficiency by creating turbulent airflow across the whole fuselage. While the problem of additional drag is not new, there are no solutions to combat it other than performing regular cleaning of the aircraft’s exterior. Reducing drag – through cleaning – on aircraft fuselage, wings, engine cowlings, and stabilizer brings another challenge; how to remain sustainable while performing the exterior cleaning process? A popular, yet wasteful pressurized water cleaning technique requires more than 11,300 litres of water to clean one Airbus A380 aircraft and more than 9,500 litres to clean a Boeing 777. Traditionally, aircraft are cleaned four to five times per year, and with more than 48 thousand airframes in the world, the amount of water used each year is immense. As a result, the positives of clean fuselages are outweighed by the negatives of wasteful usage of expensive and environmentally important resources. This raises a question: whether it is possible to be eco-friendly in the aviation industry when one solution brings even more challenges than benefits? While the answer may look complicated, the definite answer is yes. The use of robots in household applications has proven that robotification is an inevitable and much-needed process to achieve even more efficient operational performance. One of the solutions to address the inefficient and time-consuming process of washing an aircraft fuselage is to employ an aircraft exterior cleaning robot. The market offerings like Nordic Dino, have been perfected and adapted to work with a wide range of aircraft fuselage types. Such robots are designed to minimize the use of water and detergent on every wash; saving more than 30% more water when compared to traditional washing methods. At the same time, built with sustainability in mind, the robots can be equipped with electric motors, further minimizing the environmental impact. “Sustainability and eco-friendliness should not be viewed as challenges or impossible achievements in the aviation industry. By utilizing the right equipment, finding alternatives to polluting methods, and increasing efficiency at every step possible, companies could come one step closer to operational efficiency as well as sustainability targets. Our offering, Nordic Dino can reduce the use of water and detergent and can be powered by electricity, reducing carbon and nitrogen dioxide emissions. By the robotification of the cleaning process we present a solution to MROs and dedicated aircraft cleaning companies to become green.” – commented Jan Brunstedt, CEO of Aviator Robotics AB.

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Air Transport

What’s Next for Business Aviation with the Ongoing COVID-19

Article | July 15, 2022

The COVID-19 effect has been tendered on business aviation than commercial aviation. However, it is the operations that reported a surge in demand for business aviation. The demand has been witnessed from new businesses and and those who revamped their operations amid travel restrictions. In 2020, the airline industry experienced a heavy loss of worth USD252 billion, reports IATA. The industry players were at risk, which included accounting with direct economic destruction. Prompted by other risks factors such as restrictions on movements, especially travel limitations due to COVID-19, there is a serious need for the industry to access its operations competently. So here are two crucial questions that took the heat. First, how is the industry going to manage economic uncertainties, travel restrictions, and market instability? And second, how may these affect aviation business conclusions in the coming years? Such considerations may include some crucial aspects. They are changes in valuation methods, revision of future investments with existing liabilities, re-assessment of forecasted fuel consumption, revision of manufacturing, marketing, and others. This blog is aimed at capturing the impact of COVID-19. And how business aviation can proceed to bridge gaps across multiple travel restrictions, both during and after the COVID-19 crisis. To delve into detail, let's go further. The Level of Airline Business Drop and Recovery Globally, the aviation businesses were severely harmed by 80% in 2020. The industry players found it extremely complex to navigate the commitments. Also, their work with collaborations is slated for the same year. Customers seemed uninterested in discussing new business acquisitions due to COVID travel restrictions on business. However, some operators preyed on lower prices and increased demand for aviation services and products. These were mainly in the manufacturing and marketing fields. The reason is some corporate clients easily adapted to the emergence of digital platforms. They switched to zoom calls to replace personal contacts and connections. Michael Walsh, CEO of Aer Mobi, says, “OEMs have now announced a major drop in production capacity. Potential buyers could be from booming sectors financial services and online sales as they may seek to purchase high-profit products. These will be only a few brilliant spots for new aircraft purchases for OEMs.” On the same note, Shaun Quigley, Managing Director, Volantair Air Charter, says “In the time of crisis, the ability is to “pull one’s head in." This is what will happen at least until the final quarter of 2021.” Business aviation in 2021 will hover around 25% to 30% globally, says Jose Rego, Senior Director – Market Intelligence and Strategy, Embraer Executive Jets. The rebound will be sluggish until 2025. While the travel businesses' situation in the pandemic is not up to mark, its believed that digital transformation is viable to conduct airline operations. Such transformation will drive sales eventually following the rise of trending technologies simultaneously. Aviation Business by 2030 A major transformation is promised by an array of powerful new technologies and corporate clients’ pressure. The industry plays that turn this trend to their advantage have the opportunity to redefine, restructure, reform, and reshape their business amid air travel restrictions. So how will the key players of the aviation sector take their businesses forward by 2025 and beyond? Here is the outline of vital forces that the sector will see transforming. Robotics Maintenance Currently, airline operations maintenance accounts for approximately 20% of the operating costs. However, as the pandemic happened, market players and novel inventions are placing big hopes on the intelligent automation of maintenance. For example, Airbus uses two seven-axis robots on the new fourth A320 line in Hamburg to conduct 80% of their business operations, thus improving functional aspects for employees. Intelligent automation is fueled by terabytes of data. The data could be stored and used by businesses to manage operations easily. The addition of robotics and AI in aviation has increased the digitalization shift landscape for established players. From automatic scanning, data mining to improved diagnostics, robotics has a significant role in the future of aviation operations and maintenance. Use of Alternative Sources of Energy The shifting of environmental sentiments has made the aviation industry include greenhouse gases, electrofuels, hydrogen, and even batteries. The industry has set a target of cutting down high energy emitter fuels by half by 2030. Companies like Airbus have impressive plans to develop hydrogen planes in the next 15 years. Even for eleven years, SkyNRG has been known for supplying "advanced waste" biofuels to airlines. These fuels are recycled from industrial waste, cooking oil, agricultural and forestry residues. New technologies from engineering and manufacturing of aerodynamic are going to play a significant role in upcoming airline trends like specialized and improved designs and the use of carbon-efficient biofuels and electric In this case, the International Council on Clean Transportation (ICCT) research found out that around 5.5% of aviation fuel could come from sustainable origins by 2030. Basically, it would be primarily from advanced waste biofuels. Aviation Business: Witnessing Some Hope There is an anticipation that the established aviation businesses will pick up their pace by 2022 amid COVID 19 restrictions. Interestingly, there has been a pick up in air travel (essential air travel) in a specific part of the world. However, in some Asian countries, travel activity is estimated to be less than 40%. But the travel demand is expected to be higher in the years ahead. Aviation business operators expect expanded business with new criteria of sales—digital. They might witness growth due to new prospect acquisitions that have adopted the digital workforce. The businesses expect green shoots of growth in the travel industry. Especially from business travel classes as these are seeking to experience fly again. Business aviation traffic in 2021 highlighted the growing interest from buyers. On this, Jose Rego, Senior Director – Market Intelligence and Strategy, Embraer Executive Jets elaborates, “There may be a peripheral surge in demand from first-time buyers; I expect this to affect fractional sales initially.” Therefore, now IATA estimates that governments globally will provide $160 billion in support, loans, and tax breaks so that airline businesses can cover current costs. Safety is Priority, so is Business The aviation industry acclaims that business aviation might be on track sooner. In this context, the presence of a qualified team and fast-track applications, software, and platforms could help operators to function in a safe and well-maintained way. As the aviation industry continues to plan new air travel rules (essential), aviation business is at an optimum point. Its crucial role in supplies, sales, business development, and essential air travel services has redefined the face of business. Thus, in this way aviation business has paved the way to make a strong comeback in the coming years. Frequently Asked Questions What can future measures due to the pandemic suggest for the aviation industry? Airline businesses must have a robust plan which establishes the core of business aviation. The future is for market leaders. How they will manage roles and responsibilities responding to the crisis. Finally, national authorities will have a crucial role in stimulating demand and fostering the rapid recovery of the airport business. Restoring consumer confidence will be an essential part of this effort. What is the COVID-19 advice for the aviation industry? The global market leaders are actively managing the impact of COVID-19 to ensure aviation safety and to support the industry’s return to normal safety assurance activities. They have put efforts on surveillance approach on every business operation to increase accuracy by introducing technologies. { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "What can future measures due to the pandemic suggest for the aviation industry?", "acceptedAnswer": { "@type": "Answer", "text": "Airline businesses must have a robust plan which establishes the core of business aviation. The future is for market leaders. How they will manage roles and responsibilities responding to the crisis. Finally, national authorities will have a crucial role in stimulating demand and fostering the rapid recovery of the airport business. Restoring consumer confidence will be an essential part of this effort." } },{ "@type": "Question", "name": "What is the COVID-19 advice for the aviation industry?", "acceptedAnswer": { "@type": "Answer", "text": "The global market leaders are actively managing the impact of COVID-19 to ensure aviation safety and to support the industry’s return to normal safety assurance activities. They have put efforts on surveillance approach on every business operation to increase accuracy by introducing technologies." } }] }

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Aviation Technology

Aviation Unveils the Path to Zero-Carbon Emission for the Future

Article | June 2, 2022

Can the aviation industry have a net zero-carbon emissions? Can technology assist in achieving net-zero emissions? Presently, customers are taking more flights than ever as the industry is set to grow post-pandemic effects. Data from IATA shows that the UK aviation industry alone ejected thirty-seven million tonnes of CO2 into the atmosphere in 2020. That’s an average of 9% more in tonnes of emission the industry recorded in 2018. The warnings are transparent. In the latest reports of Intergovernmental Panel on Climate Change (IPCC), the effects of global warming are escalating. “We know the challenges of climate change the world is facing. It has only continued to intensify,” -Nicholas Calio, president and CEO of Airlines for America Airlines are subsequently embracing their actions towards the recovery of their business. There is a need to take even braver, more momentous steps to address this challenge. Airlines have been focused on carbon offset programs for years. It has previously invested in projects and organizations that assist in reducing the impact of CO2 emissions. In March 2021, the U.S. airline industry announced that its market leaders are committed to achieving zero carbon emissions by 2050. The aviation industry is currently rising at between 4% and 5% a year. And the number of passengers will double every 15-20 years. How will the industry let fly with zero emissions? Certain plans strongly focus on the increasing use of sustainable aviation fuel and jet fuel. These fuels are produced from sources such as plant oils, municipal waste, agricultural residue, fossil fuels, and other interim steps. The blog accumulates some of the best ways that aviation has unveiled on the grounds of zero carbon emissions. Escalating the Use of Alternative Fuel The escalating use of alternative fuels is perhaps the most significant proposed carbon reduction initiative for sustainable aviation fuel (SAF) usage. Sustainable fuel is going to be created from plant or animal material. One of the examples is waste oil. It is studied that SAF has the potential to cut life-cycle emissions from aviation by 80%. It can be blended with conventional jet fuel without making major changes in aircraft designs. But, as technology is concerned with SAF usage, it can be eight times more expensive than conventional jet fuel. SAF currently values less than 0.1% of the almost 300 million tonnes of fuel that commercial airlines use every day. some companies are taking regulatory incentives in joint efforts with aviation after looking at the costs and ensuring that more SAF is used in the future. Let’s see which corporate companies are setting commendable aviation-related commitments. Microsoft partnered with Alaska Airlines. Together, they are working to cover CO2 emissions to make their employees’ travel safe by introducing SAF credits. FedEx has committed to purchase 13 million liters of sustainable aviation fuel from Red Rock Biofuel. It is a part of their long-term net-zero emission strategy. Express GBT created an alliance to help in increasing supply SAF to under carbon reduction initiative and become zero carbon-emitting by 2050. Industry-Wide Efforts The path to climate recovery with zero airline emissions will require a collective effort from all industries. This also includes governments. They must take responsibility for the impact of certain activities, products, and policies have on the environment. The production of fossil fuels is one of them. So, the aviation industry must reduce its dependency on fossil fuels for air travel. Industries such as energy, road transport, infrastructure, manufacturing, and finance are being collectively responsible for creating a risk-free airline emission. For example, policies of energy transition must include a change in the production plan. Road transport efforts should be advanced by designing electric vehicles. Manufacturers should bring in new technology to support the creation of lightweight engines and aircraft parts. All of them should join hands for a sustainable future for aviation. The Role of Government Investments Government bodies play a crucial role in heading up carbon reduction initiatives. The initiative will have solutions such as new aircraft technology and more efficient infrastructure and operations. It also includes the development of zero-carbon energy sources like hydrogen and electric power generation. According to IATA, 1.8 gigatons of carbon will be required to sustain the aviation industry in 2050. The prediction can achieve 65% of carbon for sustainable aviation fuels. What are other solutions in demand to commit to addressing a zero-emission environment? It includes: Fuel-producing companies are to bring large-scale, cost-competitive sustainable aviation fuels (SAF) to the market. Governments and air navigation service providers (ANSPs) eliminate inadequacies in air traffic management and airspace infrastructure. Aircraft and engine manufacturers produce more efficient aircraft engines and propulsion technologies. Airport operators provide the required infrastructure to supply cost-effective SAF. Airline Firms Decarbonizing Aviation Presently, aviation is driving towards a new chapter of growth. And the pillars of growth are the firms that are continuously making efforts to make aviation a risk-free industry. Let’s see how aviation firms are contributing to making a zero-carbon emission sky for safe air travel for the future. Delta Airlines Delta and Aviation Climate Taskforce are initiating technological innovation and accelerating the research and development of emerging technologies. Emerging technologies refer to reducing CO2 footprint production. They are focusing on their approach towards medium-term solutions, near-term solutions and long terms solutions. The mid-term solutions include synthetic fuel. The near-term solutions focus on emerging bio-based Sustainable Aviation Fuel (SAF) pathways. And long-term solutions include hydrogen technologies. ACT will aim to support the advancement of these technologies through two crucial pillars: An Innovation Network A Collaboration Forum JetBlue JetBlue went carbon neutral for all its flights. It went through carbon offset programs in partnership with the CarbonFund.org Foundation. The investment included solar, wind, and hydrogen-energy project initiatives. Apart from this, JetBlue also invested in hundreds of global carbon offset programs to support renewable energy efforts. “views carbon initiative as a platform for other industry-wide environmental improvements that support lower emissions.” -JetBlue The best part is that JetBlue also invested in sustainable aviation fuel on flights. They are currently operating from San Francisco International Airport. American Airlines American Airlines changed its strategy of using traditional jet fuel. The airline has committed to purchase 9 million gallons of SAF to lower CO2 emissions in the next three years. Southwest Airlines On Earth Day 2021, Southwest Airlines announced it would continue to support the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL). NREL works to develop cost-effective low-carbon aviation fuels that are generated from waste. The airline SAF will play a vital role in getting the atmosphere carbon neutral and will be able to achieve carbon neutrality by 2050. On this, NREL estimates that wet waste typically produces enough energy to provide about 20% of jet fuel consumption. How Will the Industry Embrace Greener Air Travel Once It Returns to the Sky? There is a buzz that travelers are now becoming more conscious of the environment. Inspired by Greta Thunberg, a Swedish climate change activist after the pandemic, a growing wave of eco-conscious travelers are choosing to fly with more environmentally friendly airlines. They are also opting for other means of transportation. As the aviation industry accounts for 2.5 percent of global carbon emissions, travelers now want to be associated with greater environmental awareness. They are taking some essential steps such as: Asking whether a flight is necessary for travel Booking a flight that travels nonstop Keeping a check on airlines that promote carbon reduction goals On the other hand, airline companies today are opting to monitor themselves. They are doing it within the parameters of emissions, manufacturing, and embracing technological aspects. Frequently Asked Questions How can air travel become more environmentally friendly? You can follow some travel tips such as: Opt for a direct destination flight Find alternatives to travel other than flight (if not necessary) Carry lesser or lighter luggage Try to produce lesser waste Choose a sustainable flight How are airline firms reducing emissions from their flights? Airline firms are continuously working towards reducing emissions in several ways. They are: By retiring old aircraft By updating air traffic routes to reduce fuel consumption By investing in newer technologies in the manufacturing process and other fields By participating in electricity generation and other sources of fuel generation Which are the most eco-friendly airlines? The most eco-friendly airlines are: Air France United Airlines JetBlue Delta Airlines Virgin Airlines Alaska Airlines

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Business Aviation

Travel Testing May Be Ending, But Airline Health Safety Measures Are Here To Stay

Article | January 28, 2022

The UK government has announced that from 11th February, fully vaccinated passengers arriving into the country will no longer have to take COVID-19 tests on arrival. The news follows the removal of pre-departure testing for fully vaccinated UK-bound passengers this month. The relaxation of testing measures is something the aviation industry has been actively campaigning for, as it removes barriers to travel. Just today, IATA distributed a press release advocating for similar moves to be made by further governments. It cited a study focused on the UK carried out by Oxera and Edge Health which found that because Omicron is now highly prevalent in the UK, “if all travel testing requirements were removed there would be no impact on Omicron case numbers or hospitalizations.”

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Spotlight

Dubai Civil Aviation Authority

Dubai Civil Aviation Authority (DCAA) was established as an autonomous body by the decree issued by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, by proclamation of Law No. (21) of 2007, to undertake development of air transport industry in the Emirate of Dubai and to oversee all aviation related activities. Law No. (21) of 2007 was amended by Law No. (19) of 2010.

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Commercial Aviation, Airport Management

Aviation Capital Group Announces Delivery of One A320neo to SAS

Business Wire | January 25, 2024

Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one new Airbus A320neo aircraft on long-term lease to Scandinavian Airlines (“SAS”). Featuring CFM International LEAP-1A engines, this is the ninth of ten aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and SAS. ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers’ fleet management needs. To learn more about the aircraft leasing and aircraft management services offered by ACG, visit www.aviationcapitalgroup.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable federal securities laws. Any such statements, other than statements of historical fact, are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly, such statements are not guarantees or assurances of any aspect of future performance. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.

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Airport Management

Breeze Airways™ Inaugurates New Service From Jacksonville International Airport, Announces Partnership With Minor League Baseball’s Jumbo Shrimp

Breeze Airways | May 20, 2022

Breeze Airways, the Seriously Nice™ low-fare airline founded by aviation entrepreneur David Neeleman, officially inaugurated service from Jacksonville International Airport today with a nonstop flight to Richmond, VA. Richmond marks the first of eight new routes to be added from Jacksonville this summer, with fares starting as low as $49 one way. On May 27, Breeze will add nonstop service to four cities: Columbus, OH; New Orleans, LA; Providence, RI; and Norfolk, VA. The airline will then connect Jacksonville with Hartford, CT on June 3; Westchester, NY on June 30; and Las Vegas, NV on September 8. We’re thrilled to launch the first of eight new routes from Jacksonville today, Breeze connects cities with nonstop flights where only connecting service has been offered by other airlines -- and Jacksonville is an underserved market which deserves many more nonstops. We’re looking forward to giving our Northeast Florida Guests many more nice, convenient, and affordable flights to their favorite destinations.” David Neeleman, Breeze Airways’ Chairman and CEO. “We are so excited for Breeze Airways to take-off in Jacksonville,” Jacksonville Aviation Authority CEO Mark VanLoh said. “They will provide nonstop flights to some of the airport’s largest unserved markets at reasonable fares. As Northeast Florida continues to grow, we look forward to Breeze growing with us.” In celebration of its inaugural service from Jacksonville, Breeze also announced a partnership with the Jacksonville Jumbo Shrimp, the Triple-A Minor League Baseball affiliate of the Florida Marlins, furthering its commitment to the Jacksonville metropolitan area. “The Jumbo Shrimp are thrilled to welcome Breeze to the Jacksonville market and excited to get our partnership going following the first flight from Jacksonville International Airport,” remarked EVP/GM of the Jumbo Shrimp Harold Craw. “The Breeze mantra of ‘Seriously Nice’ aligns perfectly with the fan-centric, affordable family fun that we as the Jumbo Shrimp strive to bring to Northeast Florida.” The new partnership will be celebrated at the Jumbo Shrimp game against the Durham Bulls on May 19 at 7:05 p.m. EDT, when Danny Cox, Breeze Vice President of Guest Empowerment and Airport Operations, throws out the ceremonial first pitch. Breeze will operate the new Jacksonville routes with its fleet of both Airbus A220s and Embraer 190s. The airline plans to more than double its fleet this year, from 13 Embraer 190 and 195 aircraft to 30 aircraft, including 14 Airbus A220s and three additional Embraer E-jets. Breeze has ordered 80 new Airbus A220-300 aircraft, that will be delivered one per month over the next six years, with options for 40 more. Breeze’s initial A220 aircraft deliveries will feature 126 seats, including 36 First Class in a two-by-two configuration, 10 Extra Legroom seats, and 80 Standard Economy seats in a two-by-three configuration. The A220 seat configuration is dynamic however and later deliveries will offer 137 total seats, 12 First Class seats, 45 Extra Legroom seats and 80 Standard Economy seats onboard. About Breeze Airways Breeze Airways began service in May 2021 primarily in the east and southeast of the United States, but is expanding west across the U.S. with 90 routes between 31 cities in 18 states. Founded by aviation entrepreneur David Neeleman, Breeze is a low fare carrier offering “new, nice and nonstop flights” between secondary airports, bypassing hubs for shorter travel times. Breeze’s mission is to make the world of travel simple, affordable and convenient, using technology, ingenuity and kindness to improve the travel experience. With seamless booking, no change or cancellation fees, up to 24-months of reusable flight credit and customized flight features delivered via a sleek and simple app, Breeze makes it easy to buy and easy to fly.

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Aerospace

L2 Aviation and FEAM AERO Announce Strategic Alliance

L2 Aviation | April 29, 2022

L2 Aviation, a leading supplier of global avionics services including engineering, parts, certification, installation, maintenance, AOG support and manufacturing announced today the signing of a strategic alliance with FEAM AERO, a leading supplier of aircraft line maintenance services with 42 line service stations world-wide and two independent heavy maintenance hangars in Cincinnati and Miami. "Partnering with L2 Aviation provides both our domestic and international customers access to an even broader array of highly technical, avionics services. We look forward to working with L2 and leveraging our complimentary capabilities to the benefit of our respective customers." Dan Allawat, Chief Strategy Officer at FEAM "The ability to blend our global avionics modification and AOG services with FEAM's exceptional aircraft maintenance network provides our customers with unparalleled support," said Tony Bailey, Chief Operating Officer at L2 Aviation." Additionally, our companies are aligned in our belief that we have to continuously innovate solutions that matter to our employees and customers to make a positive difference in their lives. It is truly an honor to partner with the incredible FEAM team!" About FEAM AERO FEAM AERO is the largest leading provider of aircraft line maintenance services in the United States. FEAM has maintenance bases at 42 locations globally, including two hangar facilities, and employs a growing workforce of over 1,300 Aircraft Maintenance Technicians and Engineers. Over the years, FEAM has diversified its MRO portfolio to include Line Maintenance, Technical Training, Global AOG Support, Technical Support Services, and Base Maintenance. Our full line of services ensures our customers meet their mission goals and mitigate AOG ground time. FEAM holds EASA/FAA Maintenance Organization Approvals and approvals from several other domestic and international aviation regulatory authorities. About L2 Aviation L2 Consulting Services, Inc., doing business as L2 Aviation (www.l2aviation.com), with locations in Austin, Texas and Cincinnati, Ohio, provides global aircraft modification support services including avionics engineering, system design, repair, certification, kitting and installation for airline, government, military and business aviation customers. L2 Aviation specializes in complex avionics solutions and remote installations focused on reducing down-time and mitigating crew workload.

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Commercial Aviation, Airport Management

Aviation Capital Group Announces Delivery of One A320neo to SAS

Business Wire | January 25, 2024

Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one new Airbus A320neo aircraft on long-term lease to Scandinavian Airlines (“SAS”). Featuring CFM International LEAP-1A engines, this is the ninth of ten aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and SAS. ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers’ fleet management needs. To learn more about the aircraft leasing and aircraft management services offered by ACG, visit www.aviationcapitalgroup.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable federal securities laws. Any such statements, other than statements of historical fact, are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly, such statements are not guarantees or assurances of any aspect of future performance. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.

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Airport Management

Breeze Airways™ Inaugurates New Service From Jacksonville International Airport, Announces Partnership With Minor League Baseball’s Jumbo Shrimp

Breeze Airways | May 20, 2022

Breeze Airways, the Seriously Nice™ low-fare airline founded by aviation entrepreneur David Neeleman, officially inaugurated service from Jacksonville International Airport today with a nonstop flight to Richmond, VA. Richmond marks the first of eight new routes to be added from Jacksonville this summer, with fares starting as low as $49 one way. On May 27, Breeze will add nonstop service to four cities: Columbus, OH; New Orleans, LA; Providence, RI; and Norfolk, VA. The airline will then connect Jacksonville with Hartford, CT on June 3; Westchester, NY on June 30; and Las Vegas, NV on September 8. We’re thrilled to launch the first of eight new routes from Jacksonville today, Breeze connects cities with nonstop flights where only connecting service has been offered by other airlines -- and Jacksonville is an underserved market which deserves many more nonstops. We’re looking forward to giving our Northeast Florida Guests many more nice, convenient, and affordable flights to their favorite destinations.” David Neeleman, Breeze Airways’ Chairman and CEO. “We are so excited for Breeze Airways to take-off in Jacksonville,” Jacksonville Aviation Authority CEO Mark VanLoh said. “They will provide nonstop flights to some of the airport’s largest unserved markets at reasonable fares. As Northeast Florida continues to grow, we look forward to Breeze growing with us.” In celebration of its inaugural service from Jacksonville, Breeze also announced a partnership with the Jacksonville Jumbo Shrimp, the Triple-A Minor League Baseball affiliate of the Florida Marlins, furthering its commitment to the Jacksonville metropolitan area. “The Jumbo Shrimp are thrilled to welcome Breeze to the Jacksonville market and excited to get our partnership going following the first flight from Jacksonville International Airport,” remarked EVP/GM of the Jumbo Shrimp Harold Craw. “The Breeze mantra of ‘Seriously Nice’ aligns perfectly with the fan-centric, affordable family fun that we as the Jumbo Shrimp strive to bring to Northeast Florida.” The new partnership will be celebrated at the Jumbo Shrimp game against the Durham Bulls on May 19 at 7:05 p.m. EDT, when Danny Cox, Breeze Vice President of Guest Empowerment and Airport Operations, throws out the ceremonial first pitch. Breeze will operate the new Jacksonville routes with its fleet of both Airbus A220s and Embraer 190s. The airline plans to more than double its fleet this year, from 13 Embraer 190 and 195 aircraft to 30 aircraft, including 14 Airbus A220s and three additional Embraer E-jets. Breeze has ordered 80 new Airbus A220-300 aircraft, that will be delivered one per month over the next six years, with options for 40 more. Breeze’s initial A220 aircraft deliveries will feature 126 seats, including 36 First Class in a two-by-two configuration, 10 Extra Legroom seats, and 80 Standard Economy seats in a two-by-three configuration. The A220 seat configuration is dynamic however and later deliveries will offer 137 total seats, 12 First Class seats, 45 Extra Legroom seats and 80 Standard Economy seats onboard. About Breeze Airways Breeze Airways began service in May 2021 primarily in the east and southeast of the United States, but is expanding west across the U.S. with 90 routes between 31 cities in 18 states. Founded by aviation entrepreneur David Neeleman, Breeze is a low fare carrier offering “new, nice and nonstop flights” between secondary airports, bypassing hubs for shorter travel times. Breeze’s mission is to make the world of travel simple, affordable and convenient, using technology, ingenuity and kindness to improve the travel experience. With seamless booking, no change or cancellation fees, up to 24-months of reusable flight credit and customized flight features delivered via a sleek and simple app, Breeze makes it easy to buy and easy to fly.

Read More

Aerospace

L2 Aviation and FEAM AERO Announce Strategic Alliance

L2 Aviation | April 29, 2022

L2 Aviation, a leading supplier of global avionics services including engineering, parts, certification, installation, maintenance, AOG support and manufacturing announced today the signing of a strategic alliance with FEAM AERO, a leading supplier of aircraft line maintenance services with 42 line service stations world-wide and two independent heavy maintenance hangars in Cincinnati and Miami. "Partnering with L2 Aviation provides both our domestic and international customers access to an even broader array of highly technical, avionics services. We look forward to working with L2 and leveraging our complimentary capabilities to the benefit of our respective customers." Dan Allawat, Chief Strategy Officer at FEAM "The ability to blend our global avionics modification and AOG services with FEAM's exceptional aircraft maintenance network provides our customers with unparalleled support," said Tony Bailey, Chief Operating Officer at L2 Aviation." Additionally, our companies are aligned in our belief that we have to continuously innovate solutions that matter to our employees and customers to make a positive difference in their lives. It is truly an honor to partner with the incredible FEAM team!" About FEAM AERO FEAM AERO is the largest leading provider of aircraft line maintenance services in the United States. FEAM has maintenance bases at 42 locations globally, including two hangar facilities, and employs a growing workforce of over 1,300 Aircraft Maintenance Technicians and Engineers. Over the years, FEAM has diversified its MRO portfolio to include Line Maintenance, Technical Training, Global AOG Support, Technical Support Services, and Base Maintenance. Our full line of services ensures our customers meet their mission goals and mitigate AOG ground time. FEAM holds EASA/FAA Maintenance Organization Approvals and approvals from several other domestic and international aviation regulatory authorities. About L2 Aviation L2 Consulting Services, Inc., doing business as L2 Aviation (www.l2aviation.com), with locations in Austin, Texas and Cincinnati, Ohio, provides global aircraft modification support services including avionics engineering, system design, repair, certification, kitting and installation for airline, government, military and business aviation customers. L2 Aviation specializes in complex avionics solutions and remote installations focused on reducing down-time and mitigating crew workload.

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