AA Backs Efforts to Extend Billions in Federal Aid to Protect Aviation Jobs Through March 2021

American Airlines | July 15, 2020

AA Backs Efforts to Extend Billions in Federal Aid to Protect Aviation Jobs Through March 2021
American Airlines' top executives on Wednesday backed efforts to extend billions in federal aid to protect aviation jobs through March as the pandemic's impact on travel threatens tens of thousands of positions. Some $32 billion in federal aid was set aside to protect jobs in the U.S. airline industry, and it prohibited employers from cutting positions through Sept. 30 under the CARES Act relief package that lawmakers passed in March.

Spotlight

Aerospace testing can be costly and time consuming but a new modular, subscale remotely piloted aircraft offers NASA researchers more affordable options for developing a wide range of cutting edge aviation and space technologies.

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Covid Digs Deeper Hole for Airbus A380

Airbus | May 26, 2020

Airbus plans to wrap up production of the A380 "by 2021," heralding the beginning of the end of a sort for the superjumbo. The increasingly undesirable economics of the big quadjet, which entered service for the first time with Singapore Airlines in October 2007, had already begun to force it out of favor with its biggest operators, most notably the carrier that flies roughly half the world fleet Dubai’s Emirates. Airbus announced its plans to cease production by 2021 after Emirates dropped orders for 39 of the airplanes and effectively replaced them with 40 A330-900s and 30 A350-900s. Now, as the Covid-19 crisis effectively cut international flying by 95 percent within a matter of a couple of months, most of the world’s biggest commercial aircraft sit grounded.

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AIR TRANSPORT

AerCap to Acquire GE Capital Aviation Services

AerCap, GE Capital Aviation Services | March 15, 2021

AerCap Holdings N.V. the global leader in aircraft leasing, announced today that it has entered into a definitive agreement with General Electric under which AerCap will acquire 100% of GE Capital Aviation Services, a GE business. The combined company will be an industry leader across all areas of aviation leasing, with over 2,000 owned and managed aircraft, over 900 owned and managed engines, over 300 owned helicopters and approximately 300 customers around the world. Aengus Kelly, Chief Executive Officer of AerCap, said, "We are excited about this opportunity to bring together two leaders in aviation leasing. AerCap and GECAS both have industry-leading teams, attractive portfolios, diversified customer bases and order books of the most in-demand new technology assets. This combination will enhance our ability to provide innovative and attractive solutions for our customers and will strengthen our cash flows, earnings and profitability. "GECAS is a highly attractive business and this transaction continues our strong track record of capital allocation. As the recovery in air travel gathers pace, this transaction represents a unique opportunity that we believe will create long-term value for our investors," added Mr. Kelly. "This business combination will also strengthen our longstanding partnership with GE Aviation, which we look forward to working with closely in the future." Key Strategic Benefits The transaction provides the following key strategic benefits: • Leading aircraft leasing platform with expanded customer breadth and reach, given AerCap and GECAS's complementary customer bases with limited overlap. • Best-in-class trading platform with deep market insight and relationships: over the past four years AerCap and GECAS have sold on average over $5 billion of assets per year. • Narrowbody aircraft will represent approximately 60% of the combined aircraft fleet. • New technology aircraft will represent approximately 56% of the combined in-service fleet, expected to grow to approximately 75% in 2024. • Attractive order book of 493 new technology aircraft, more than 90% of which are narrowbodies. • Premier engine leasing business adds revenue diversification and greater ability to provide innovative solutions to our airline customers. About AerCap AerCap is the global leader in aircraft leasing. AerCap serves approximately 200 customers in approximately 80 countries with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and has its headquarters in Dublin with offices in Shannon, Los Angeles, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse. About GECAS GE Capital Aviation Services (GECAS) is a world-leading aviation lessor and financier. For over five decades, we have partnered with our customers to find solutions to their challenges and helped their businesses to thrive. Whether your need is for narrow or widebody aircraft, regional jets, turboprops, freighters, engines, helicopters or materials, our name has become synonymous with trusted relationships, domain expertise and an ability to execute. GECAS offers a broad array of financing products and services on these assets including operating leases, purchase/leasebacks, capital markets, and airframe parts management. GECAS owns, services or has on order approximately 1,700 aircraft.

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AIRPORT MANAGEMENT

Delta Air Lines Expands Facial Recognition Technology at Detroit Metropolitan Wayne County Airport

Delta Air Lines | February 11, 2021

Delta Air Lines is growing its facial recognition technology to domestic flights at Detroit Metropolitan Wayne County Airport, as per Fox News. Delta previously introduced the technology in 2018 at its base camp at Hartsfield-Jackson Atlanta International Airport. Detroit is one of its hubs, acquired when Delta bought Northwest Airlines in 2008. Facial recognition isn't required nor for everybody. Given in association the Transportation Security Administration (TSA), the technology is just accessible for TSA PreCheck individuals who have a visa number, as per the announcement. It is also voluntary, so passengers can quit the help. Passengers who decide to service the help will not need to show their actual ID or boarding to traverse security. Instead, they simply need to look into a camera and their photo will check their identity, alongside their other passport and TSA PreCheck information. "The COVID-19 pandemic has only deepened the importance of providing a touchless experience for our customers," Bill Lentsch, Delta’s chief customer experience officer, said in a statement. "We plan to expand curb-to-gate facial recognition and digital ID beyond the Detroit test so that all of our customers can enjoy a seamless, touchless travel experience across our network."

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Spotlight

Aerospace testing can be costly and time consuming but a new modular, subscale remotely piloted aircraft offers NASA researchers more affordable options for developing a wide range of cutting edge aviation and space technologies.