Aerospace, Aviation Technology
Newswire | January 24, 2024
WestJet today announced the acquisition of five brand new Boeing 737 MAX 8 to its fleet, adding to the airline's already significant multi-billion-dollar investment in its orderbook. The airline expects to receive delivery of the aircraft in early 2025, after recently completing leasing agreements with China Development Bank Financial Leasing Co., Ltd. (CDB Aviation) for three aircraft and international aircraft leasing company, Avolon for two aircraft.
"We are adding these five aircraft to our 737 MAX family very soon and look forward to this additional capacity enhancing our already forecasted fleet expansion, further enabling our execution of providing affordable and diverse air travel options for our guests," said Mike Scott, WestJet Group, Executive Vice-President and Chief Financial Officer. "As Canada's coast-to-coast leisure champion and western home carrier, the continued expansion of our fleet in tandem with our low-cost foundation is a key accelerator of our growth strategy.
Combined with its existing order book, WestJet will now receive as many as 22 brand new Boeing 737 MAX airplanes before the end of 2025, and up to 62 additional airplanes of this type before the end of 2028. This makes WestJet's narrowbody orderbook the largest of any Canadian airline.
"CDB Aviation values our expanding relationship with WestJet and we are pleased to be able to support the airline's fleet expansion in an environmentally friendly manner as we lease these three new fuel-efficient B737-8 aircraft direct from our orderbook," stated Jie Chen, CDB Aviation's Chief Executive Officer.
"We're delighted to be expanding on our strong relationship with Westjet and are pleased to support WestJet's fleet expansion needs from our Boeing orderbook," said Paul Geaney, President and Chief Commercial Officer, Avolon. "We expect to see continued growth for the aviation sector in the coming years, including in North America, and are excited to provide a fleet solution to a strategic customer in the region."
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Aviation Technology
Jet Linx | January 03, 2024
Jet Linx, a locally-focused private aviation company, announced its 22nd location at Salt Lake City International Airport. With established Base locations in Denver and Scottsdale, the new Salt Lake City Base strengthens the Company's presence in the Mountain West region and provides localized private jet services to Aircraft Owners and Jet Card Members throughout Utah.
"We're thrilled to bring Jet Linx's extraordinary standard of customer service to Aircraft Owners and Jet Card Members in the Salt Lake City area," said Brent Wouters, Jet Linx CEO. "Salt Lake City and the great state of Utah attracts national and international visitors year-round and we look forward to serving as Salt Lake City's most trusted resource for private jet travel and Aircraft Management services."
The establishment of Jet Linx's Salt Lake City Base is emblematic of the Company's continued national growth. Jet Linx opened its first private terminal in 1999 in Omaha, NE. In the 24 years since, the Company has expanded to 22 Bases nationwide. In addition to growing Base locations, Jet Linx continually invests in its operations to provide its customers with state-of-the-art facilities and the highest quality customer experience. In 2022, Jet Linx Scottsdale moved to a new, purpose-built facility in response to increasing local demand.
"We're singularly focused on providing the highest quality, customized, local service to our customers supported by our national infrastructure and economies of scale," said Dan Pasque, Jet Linx Regional Base President. "We look forward to providing the Salt Lake City market access to our fleet of 100+ aircraft, while engaging one-on-one with our expert team based right at their home airport to meet their aviation needs."
The Company plans for further national expansion as part of it's strategic growth initiative to increase fleet size and grow Jet Card clientele. In 2024, the Company will celebrate its 25th year in business.
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Aerospace, Defense and Space
PR Newswire | February 05, 2024
The defense affiliates of Hanwha Group, including Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean, will be participating in the World Defense Show 2024 (WDS 2024), held in Riyadh, Saudi Arabia from 4th to 8th Feb. With geopolitical crises increasing security demands in key Middle East regions, Hanwha Group is set to present defense capabilities on land, in the air, at sea and in space to protect customers from various threats.
Under the slogan 'Opening the Future of Advanced Engine', Hanwha will explore long-term partnership with the Kingdom of Saudi Arabia, which has made localization of the defense sector a key objective in Vision 2030. Hanwha will present its advanced aircraft engines, AESA radars, and aviation electronics equipment at the exhibition's center, as well as unveil a roadmap for the development and production of next generation engines beginning in the 2030s, leveraging the manufacturing capabilities accumulated over the previous 40 years.
Hanwha aims to fortify a partnership that not only meets customer's immediate defense needs, but also foster long-term resilience and innovation in the defense sector. The company is committed to integrating advanced defense technologies into the customer's needs.
An official from Hanwha stated, "The collaboration aims to significantly contribute to the growth and modernization of the local defense industry, while also fostering a mutually beneficial relationship. Hanwha takes pride in our ongoing commitment to delivering deterrence solutions to key regions with urgent needs."
Amid escalating tensions in the Middle East region, Hanwha will present the cutting-edge submarine KSS-III, offering unparalleled capabilities to mitigate emerging threats to maritime security. Also, the unmanned underwater vehicles and unmanned surface ships will deliver innovative defense solutions to navigate the diverse security challenges in the region.
In the face of rapidly changing regional security landscape, Hanwha will present the K9A1 155mm Self-Propelled Howitzer (SPH) equipped with exportable engine, multipurpose Unmanned Ground Vehicle(UGV), Redback armored vehicle, TIGON 6x6 wheeled armored vehicle, Chunmoo Multi Rocket Launcher, M-SAM and various air defense systems, meeting regional needs with its diverse portfolio of Land Systems solutions.
Hanwha will also exhibit hyper connected tactical solutions to sensor and neutralize aerial threats, including Synthetic Aperture Radar(SAR), Multi-Function Radar(MFR), and anti-drone systems. The company will also showcase advanced air defense solutions equipped on Korean Fighter Jet, ranging from Active Electronically Scanned Array(AESA) Radar to Infra-Red Search and Track, strengthening defense capabilities to detect threats across different domains.
Hanwha has decades of experience designing, developing, testing successfully manufacturing modern defense solutions. The company is adopting a cooperative approach to support the localization of key products, a private cooperation aimed at expediting the achievement of the customer's objectives.
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Aerospace, MRO, Cargo Management
PR Newswire | January 16, 2024
TAT Technologies Ltd. a leading supplier of products and services for the commercial and military aviation industries and the ground defense industries, announces a new contract with an international air carrier.
This contract is a result of a very successful partnership between the companies over the last several years which led the parties to sign a global fleet contract. As part of this contract, TAT will provide MRO services to the airline's GTCP331 model APUs. TAT estimates total revenues from this contract to be $10 million ($2 million per year).
By signing this contract, we further advanced our dominating position as the leading APU 331-200 MRO in the market serving the widely utilized B757/767 fleet by providing APU 331-200 repairs with a reputation for quality and on time delivery to this important market.
In 2020 and 2021, TAT (through its fully owned subsidiary, Piedmont Aviation Components based in Greensboro North Carolina) signed multiple strategic contracts with the Fortune 100 multi-national aerospace company Honeywell. Under these contracts, TAT was awarded a 10-year license for repair and overhaul of APUs for Boeing and Airbus's key platforms, including B737, B777, B767/757 and A320 aircraft as well as the C17 which is used for military purposes. The Company is also a global provider for APUs leases to airlines across multiple commercial platforms with an additional exclusive 10 yr. agreement for the B777 aircraft, with Honeywell. Piedmont has completed its facility upgrades required to commence MRO operations for the GTCP331-500 (B777) and GTCP131-9 (A320/B737).
Igal Zamir, CEO of TAT stated: "We are very pleased with this contract, which comes after several years of very fruitful relationship. By signing this contract, we established our domination in the commercial segment of MRO for the APU331-200.
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