AirAsia Receives its First A330neo

AviationPros | August 09, 2019

AirAsia Receives its First A330neo
AirAsia has taken delivery of its first A330neo aircraft, to be operated by its long-haul affiliate AirAsia X Thailand. The aircraft was delivered via lessor Avolon and is the first of two A330neos set to join the airlines fleet by the end of the year.With its enhanced economics the A330neo will bring a step-change in fuel efficiency for AirAsia’s long haul operations. The new generation A330neo will be based at Bangkok’s Don Mueang International Airport in Thailand, supporting the airline’s growth and network expansion plans to key markets such as Australia, Japan and South Korea.The AirAsia X Thailand A330-900 features 377 seats in a two-class configuration, comprising 12 Premium Flatbeds and 365 economy class seats.

Spotlight

With the biennial Paris Air Show opening at the Le Bourget business aviation airport this weekend  The Blue Swan Daily brings you an exclusive infographic, focusing on aircraft deliveries for 2017 and sourced from the comprehensive CAPA Fleet Database.

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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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Commercial Aviation

UAV Factory, a Portfolio Company of AE Industrial Partners, Acquires Jennings Aeronautics

AE Industrial Partners | September 16, 2021

AE Industrial Partners, LP ("AEI"), a US-based private equity firm specializing in aerospace, defense & government services, space, power generation, and specialty industrial markets, announced today that it has expanded its Unmanned and Autonomous platform through the acquisition of Jennings Aeronautics, Inc. ("JAI"), a leading provider of innovative Small Unmanned Aerial Systems . JAI will be combined with UAV Factory, a global leader in tactical Unmanned Aerial Vehicle ("UAV") and Intelligence, Surveillance and Reconnaissance ("ISR") technology, which was acquired by AEI in January of 2021. As part of the transaction, JAI CEO John Purvis will assume the role of CEO of the combined company, while JAI Founder Gordon Jennings will remain with the combined company in a senior leadership role. Terms of the transaction were not disclosed. Based in San Luis Obispo, CA, JAI's systems have a strong operational track record supporting customer requirements across a variety of challenging global environments. JAI's experienced team of engineers and technicians have extensive expertise in the production of innovative SUAS that merge the payload capacity and endurance of larger systems with the flexibility of a more portable vehicle. Built to include a true next generation electric vertical take-off capability and a ruggedized solid oxide fuel cell, JAI's SUAS have best-in-class endurance and allow for the support and performance of a diverse set of customer missions in challenging environments with minimal requirements on the ground. JAI is a truly differentiated provider of small unmanned systems, with unmatched experience in autonomous flight control software, avionics, GCS software, system integration, design engineering, imaging payloads, and airframe fabrication. Joining the UAV Factory team and the AEI family at this exciting time in the industry's development is a game-changer for JAI and I'm honored to take the helm of the combined company during this pivotal moment, We will now have more capital, operational expertise and an international footprint allowing us to grow our business and support our customers better than we could alone. I look forward to working with the team as we continue to build a truly disruptive and differentiated player in the unmanned and autonomous market. - John Purvis, CEO atJAI AEI is committed to building a unique and differentiated platform with proprietary technology in the unmanned and autonomous market, and with the addition of JAI and its innovative SUAS offerings, we have taken a huge step forward in reaching this goal, JAI also affords us tremendous manufacturing and engineering capabilities and a footprint that will allow us to quickly scale and meet the growing demands of our customers. - Jeffrey Hart, Principal at AEI. Kirkland & Ellis served as legal advisor and William Blair and PricewaterhouseCoopers served as financial advisors to AEI and UAV Factory. Orrick was legal advisor to JAI. About Jennings Aeronautics, Inc. Based in San Luis Obispo, CA, JAI is a leading provider of innovative, high-quality Small Unmanned Aerial Systems (SUAS). With unmatched experience in autonomous flight control software, avionics, GCS software, system integration, design engineering, imaging payloads, and airframe fabrication, JAI is a true one-stop SUAS source. Founded almost 30 years ago, JAI offers a full range of products and services including engineering and design, manufacturing and fabrication, and integration and testing. About UAV Factory UAV Factory, a leader in unmanned and autonomous technology, was established in 2009 with the goal of developing the most advanced platforms and sensors in the unmanned market. UAV Factory benefits from its vertically integrated operations and global footprint where its Penguin class of UAV, as well as its Octopus ISR stabilized EO/IR camera payloads offer unmatched reliability and performance. About AE Industrial Partners AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power generation, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment.

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Aviation Week Network’s CAPA Expands Fleet Database with New Interiors Data

Aviation Week | August 24, 2020

Aviation Week Network’s CAPA – Centre for Aviation, the world’s most trusted and comprehensive source of market intelligence for the aviation and travel industry, is pleased to announce the launch of its aircraft Interiors Database. Fully integrated with the existing CAPA Fleet Database, and with more than 43,000 aircraft listings for over 600 airlines worldwide, the new and unique resource encompasses the most extensive global commercial fleet interiors records, adding access to rich and unrivalled insights. Encapsulating the most visible aspects of this fast-growing sector, the database includes seat models, dimensions and manufacturers, inflight entertainment (IFE), wireless inflight entertainment (W-IFE) and inflight connectivity (IFC). The database also includes a dedicated focus on personal electronic device (PED) transformations – information which is imperative to the ongoing discussion and to the future decisions on touchless interactions post-COVID-19.

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Spotlight

With the biennial Paris Air Show opening at the Le Bourget business aviation airport this weekend  The Blue Swan Daily brings you an exclusive infographic, focusing on aircraft deliveries for 2017 and sourced from the comprehensive CAPA Fleet Database.