COMMERCIAL AVIATION

Atlas Air Worldwide Purchases Four Boeing 777 Freighters

Boeing | January 07, 2022

AI News
Boeing [NYSE: BA] and Atlas Air Worldwide today announced an order for four 777 Freighters. The order, placed in December, rounds out a record-setting 2021 for Boeing's freighter family including new-production and converted models. Boeing has forecast that the global freighter fleet will grow by 70% in the next 20 years, with freight carriers such as Atlas Air supporting a rapidly expanding global e-commerce business and evolving supply chains.

"We are excited to expand our fleet and service offerings for our existing and prospective customers with these four new 777s. With the best team in the industry as well as our focus on innovation and prudent fleet management, Atlas is serving the evolving needs of the global supply chain and delivering value for our customers,"

- John W. Dietrich, Atlas Air Worldwide president and CEO.

Boeing's market-leading 777 Freighter is the world's largest, longest-range and most capable twin-engine freighter, with the lowest trip cost and highest reliability of any large freighter. With a range of 4,970 nmi (9,200km), the 777 Freighter can carry a maximum revenue payload of 102 tonnes (224,900 lb), while reducing fuel use and CO2 emissions compared to prior airplanes. This capability and exceptional efficiency translate into significant savings for cargo operators, with fewer stops and associated landing fees.

"We are honored that Atlas Air Worldwide, as a global leader in airfreight, has once again selected to grow with Boeing and our freighter family. These new 777 Freighters provide Atlas with more capacity, fuel efficiency and operational flexibility for its customers, As air cargo demand continues to grow, we're confident that the efficiency, capability and flexibility of our freighter family will meet customer needs now and in the future."

- Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing.

Through November, Boeing had surpassed the previous freighter record including 80 orders for new production freighters and more than 80 orders for converted models. The company will announce full-year 2021 orders and deliveries on January 11.

Atlas Air currently has 14 777s and is the world's largest operator of 747 Freighters, with 49 in its fleet. These two models, in particular, are designed to partner seamlessly, enabling operators to transfer tall and outsized cargo loads easily between the two on 3-meter (10-foot) tall pallets. The cargo and passenger carrier also operates a fleet of 767 and 737 airplanes.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future and living the company's core values of safety, quality and integrity.

Spotlight

The Qatar Airways Boeing 777, featuring the FC Barcelona livery, touched down in Barcelona for the first time on Wednesday May 14 2014. Want to see what happens when FC Barcelona players show up for a photo shoot? Check out this video for a behind-the-scenes look on the tarmac area of El Prat Airport.


Other News
AIR TRANSPORT, COMMERCIAL AVIATION

GE Aviation opens new Asia-Pacific Service Centre in Australia

GE Aviation | September 08, 2022

GE Aviation announced the opening a new state-of-the-art facility in Australia to provide maintenance, repair and overhaul services for customers across the Asia-Pacific region. The new $8 million Asia-Pacific Service Centre at Brisbane Airport positions GE Aviation to support more customers and expand its presence across the region. Queensland Assistant Minister to the Premier Bart Mellish MP today officially opened the facility in a ceremony at Brisbane Airport. The world-leading facility will be the largest GE Aviation, Systems service centre in the Asia-Pacific region. The facility supports avionics, flight management, electrical power and DOWTY propeller systems on various aircraft including the Boeing 737 and 787, Q400 and F-50 regional aircraft and the Royal Australian Air Force’s fleet of C-130J Super Hercules and C-27J Spartan Military Transport Aircraft. “A key part of GE Aviation’s global customer services network, this truly world-class facility offers cutting-edge technology and highly skilled technicians at a one-stop shop for aviation customers from across the Asia-Pacific region. We are delighted to mark a new chapter in our Australian operations and our near two-decade relationship with Brisbane Airport with the opening of a leading aviation servicing facility that creates fresh opportunities for GE Aviation.” GE Australia Country Leader Sam Maresh Queensland Premier Annastacia Palaszczuk said “I welcome the expansion of GE Aviation’s new facility in Brisbane, building on aviation services based at Brisbane Airport servicing the Asia-Pacific region. GE Aviation’s increased investment is an investment in Queensland’s future and is a signal to young people in particular that good jobs are available in a range of industries.” Brisbane Airport CEO Gert-Jan de Graaff said “GE Aviation’s partnership with Brisbane Airport continues to go from strength to strength, and we really look forward to building our relationship. This hi-tech workshop is important for the future of the airport, and we welcome the commitment from GE Aviation as a sign of confidence in the growth outlook.” This new technologically advanced facility will employ more than 80 people and is set to boost the local economy, while also contributing to the growth of Brisbane Airport. ABOUT GE GE Aviation, an operating unit of GE (NYSE: GE), is becoming GE Aerospace. The business is a world-leading provider of jet and turboprop engines, components, avionics and electrical power systems for commercial, military, business and general aviation aircraft. GE has a global service network to support these offerings.

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BUSINESS AVIATION

Modern Aviation Expands into the Midwest with the Acquisition of the Elliott Aviation FBO at Des Moines International Airport

Modern Aviation | September 26, 2022

Modern Aviation announced today that it has closed the acquisition of the FBO assets and operations at Des Moines International Airport from Elliott Aviation, bringing its total number of locations to thirteen.Modern's new FBO in Des Moines operates on a 17-acre leasehold and offers state of the art facilities and amenities such as conference rooms and workstations, sleep rooms, crew cars and comfortable lounge areas with approximately 145,000 square feet of heated hangar space and 20,000 square feet of office space. Elliott will continue to operate a maintenance, repair, and overhaul business on the airfield. "We are very excited about our new operation in Des Moines, which provides our customers access to our services for the first time in the Midwest. Elliott Aviation has a long history of providing outstanding customer service to its customers through its highly experienced and long tenured employees, all of whom have joined Modern. I would like to extend a warm welcome to the Modern Aviation family to our new teammates and customers. We also look forward to partnering with the Des Moines Airport Authority to continue to grow DSM and benefit the local community." Mark Carmen, Modern Aviation's CEO Greg Sahr, President and CEO of Elliott Aviation, stated, Divesting our Des Moines FBO business to a great partner in Modern Aviation is a win-win for Elliott Aviation, our employees, Modern Aviation, and the Des Moines community. While our FBO employees will continue to provide exceptional service at the DSM location under the Modern umbrella, this divestiture will allow Elliott to focus our efforts and investment on growing our MRO business across our geographic footprint. In addition to Des Moines, Iowa (DSM), Modern Aviation operates at Wilmington, North Carolina (ILM), Seattle, Washington (BFI), Denver, Colorado (APA), San Juan, Puerto Rico (SIG), LaGuardia Airport, NY (LGA), John F. Kennedy Airport, NY (JFK), Long Island MacArthur Airport, NY (ISP), Republic Airport, NY (FRG), Francis S. Gabreski Airport, NY (FOK), Sacramento Executive Airport (SAC), Sacramento International Airport (SMF) and Sacramento Mather Airport (MHR). About MODERN AVIATION Modern Aviation is a growing company that is building a national network of premium FBO properties. Modern Aviation's strategy is to acquire and develop FBO operations in growth markets and to focus on providing exceptional service, extraordinary quality and industry-leading safety. Modern Aviation is backed by the growth-oriented infrastructure private equity fund, Tiger Infrastructure Partners. Modern Aviation is actively engaged in pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean.

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AIR TRANSPORT

Constant Aviation Adds Philadelphia-Based Aircraft on Ground Mobile Response Capabilities

Constant Aviation | September 14, 2022

Constant Aviation today announced that it has added to its nationwide AOG (Aircraft on Ground) mobile response network with a new Philadelphia-based group that will focus on servicing southeastern Pennsylvania and southern New Jersey. It is the second new location announced this year after the new station in Salt Lake City. Constant Aviation now operates 28 AOG teams nationally, up by more than 30 percent from the 21 teams in 2020. “In my 25 years in the private aviation industry, this continues to be one of the most robust periods we have seen and that has generated record demand for our services,The increase in AOG service locations is intended to help meet current demand, but mobile AOG services have proven sustainable in all market conditions as aircraft always need on-demand service at the hundreds of smaller airports that lack substantial maintenance capabilities.” David H. Davies, Constant Aviation’s Chief Executive Officer Davies said that Constant Aviation is bolstering its capabilities by expanding hiring, not only in its newest locations – Philadelphia and Salt Lake City – but also in such high-demand areas as California, Texas, Florida, the Chicago and Scottsdale metro areas and the greater Northeastern U.S. “We’ve always said our most important asset is our workforce of trained, talented technicians, and that has never been more true than during the current surge in business,” said Davies. “We’re looking to expand our team by recruiting new technicians through a range of channels, and offering not only opportunity but also the most competitive compensation and the best working conditions in the industry.” Constant Aviation Steps Up Technician Recruitment Efforts Constant Aviation recently enhanced its Maintenance Technician Apprenticeship Program, which enables applicants without military or college training to participate in a two-year aviation services program and earn the FAA Airframe Certification, a first step in a career in aviation services. Program participants learn by performing technical tasks alongside veteran technicians and participate in classroom and lab work all while earning a steady income. Constant Aviation covers the cost of all training and certification testing for the program.In addition to the apprenticeship program, the company is recruiting established technicians by offering a $15,000 signing bonus for military veteran candidates, a $2,000 signing bonus for other successful technical position candidates and grants of up to $8,000 to successful aircraft-on-ground (AOG) technician candidates following the completion of their first year with the company. Constant Aviation also boosted recruitment and retention by increasing pay to all technicians by 10 percent, offering tuition reimbursements and increased paid time off and expanding career-enhancing training opportunities, with training engagements up 150 percent. AOG a Critical Part of Aircraft Maintenance Services Constant Aviation’s 28 AOG mobile teams now support 86 aircraft models from 14 manufacturers, and each AOG vehicle is fully equipped and supplemented with expanded tooling strategically placed around the country, so aircraft can be serviced wherever they are located, whether in a hangar, at an FBO or on a ramp. In addition to its nationwide network of mobile technicians, Constant Aviation operates full-service aircraft maintenance facilities at Cleveland Hopkins International Airport (ICAO: KCLE) and Orlando Sanford International Airport (ICAO: KSFB) that provide airframe and engine maintenance, major repairs, avionics, interiors and painting. About Constant Aviation Constant Aviation specializes in aircraft and engine maintenance, major repairs, avionics, interiors and paint. In addition, it offers mobile response services through its AOG division, and accessory and composite services through its Nextant Aerospace division. With more than 15 years of expertise in a comprehensive array of business jet airframes, Constant Aviation has raised the bar in aircraft maintenance expectations by focusing on quality, always. Constant Aviation is the official aircraft maintenance and AOG support of the NHRA and the title sponsor of the NHRA Factory Stock Showdown class.

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DEFENSE AND SPACE

Inventory Levels Continue Climb Across Aviation Categories, Values in Decline

Sandhills Global | July 07, 2022

According to the latest Sandhills Global market reports covering the aviation industry, values for piston single, turboprop, and jet aircraft may have peaked this May. All aviation categories displayed month-to-month value decreases from May to June, and with the aviation market showing signs that values might continue their drop in the near future, sellers could need to adjust asking values going forward based on the available inventory. The market reports show that rising inventory levels are a major contributor to decreasing aviation values, and this June marked the fourth consecutive month of inventory expansion across all categories. Sandhills' aviation products include Controller, Controller EMEA, Executive Controller, Charter Hub, Aviation Trader, Aircraft Cost Calculator, and AircraftEvaluator. AircraftEvaluator is Sandhills' proprietary asset valuation tool for all types of aircraft, built using the same technology behind FleetEvaluator. Widely used and trusted across equipment, truck, and trailer industries, FleetEvaluator identifies asset values with unparalleled accuracy. The key metric used in all of Sandhills' market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions. Chart Takeaways This report includes detailed analysis of asking values and inventory trends in the worldwide used aircraft market along with charts that help readers visualize the data. It describes and quantifies important trends in the buying and selling of used piston single, turboprop, and jet aircraft. U.S. and Canada Used Piston Single Aircraft With the 21% M/M inventory increase in June, used piston single aircraft inventory has now increased each of the last five months. Inventory levels were up 15% year-over-year. The Sandhills EVI shows asking values decreased 1.4% M/M; on a YOY basis, values are up 22% from June 2021. U.S. and Canada Used Turboprop Aircraft In the turboprop category, the Sandhills EVI showed an 8.5% M/M inventory increase, a gain nearly identical to the category's 8-percentage-point increase from April to May. Despite inventory increasing for the fourth consecutive month, turboprop inventory levels were still down 52% YOY. Asking values for turboprops were down 1% M/M; but when compared to June 2021, values are up 32% YOY. Global Used Jet Aircraft Although used jet inventory increased for the fifth consecutive month, jumping 15.3% from May to June, inventory levels across the globe are down 34% YOY. The Sandhills EVI shows asking values decreased 3.1% M/M with asking values this June coming in at $12.7 million. When compared to one year prior, jet aircraft values are up 27%. About Sandhills Global Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information in the form of trade publications, websites, and online services that connect buyers and sellers across the aviation, construction, agriculture, and commercial trucking industries. Our integrated, industry-specific approach to hosted technologies and services offers solutions that help businesses large and small operate efficiently and grow securely, cost-effectively, and successfully. Sandhills Global—we are the cloud. About the Sandhills Equipment Value Index The Sandhills Equipment Value Index is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, commercial trucking, and aviation industries represented by Sandhills Global marketplaces, including Controller.com, AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other industry-specific equipment platforms. Powered by FleetEvaluator and AircraftEvaluator, Sandhills' proprietary asset valuation tools, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry.

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Spotlight

The Qatar Airways Boeing 777, featuring the FC Barcelona livery, touched down in Barcelona for the first time on Wednesday May 14 2014. Want to see what happens when FC Barcelona players show up for a photo shoot? Check out this video for a behind-the-scenes look on the tarmac area of El Prat Airport.

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