Cathay Pacific Signs Agreement with Airbus to Defer Aircraft Deliveries, Boeing Negotiations Continues

Cathay Pacific Group | July 22, 2020

As a cash preservation measure, Hong Kong’s Cathay Pacific revealed today that it had signed an agreement with Airbus to defer deliveries of its A350-900s, A350-1000s, and A321neos. The airline is in advanced negotiations to delay the order of its Boeing 777-9s as well.
In its official prospectus sent to Simple Flying, the delayed deliveries are expected to “produce cash savings to the Cathay Pacific Group in the short to medium term.”
The prospectus is for the airline’s Rights Issue for $1.5bn with the Hong Kong Stock Exchange. This comes after the Hong Kong government approved a recapitalization plan for the airline, to help raise a total of $5bn in funds.

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AIR TRANSPORT

BNDES finances Embraer's aircraft production for export

Embraer | November 15, 2022

The Brazilian National Bank for Economic and Social Development (BNDES) approved financing to Embraer S.A. (B3: EMBR3, NYSE: ERJ) for producing and exporting commercial aircraft manufactured by the company. The operation, in the order of R$ 2.2 billion (US$ 400 million), will be carried out through the BNDES Exim Pre-shipment, a direct bank credit line to produce national goods destined for export. BNDES operation reinforces the US$ 650 million revolving credit funding recently announced by Embraer with a foreign financial institutions group. The financing consummation is subject, among others, to the fulfillment of previous conditions established by BNDES and the execution of the respective contract. "Credit operations are important for the resumption of aircraft production by Embraer at pre-Covid-19 pandemic levels and reinforce the strategic partnership between BNDES and Embraer started in 1997, consolidating BNDES support to the aeronautical industry and the export of Brazilian aircraft," Bruno Aranha, director of BNDES. "The longevity of the partnership between Embraer and BNDES illustrates the strength of this relationship that stimulates Brazilian exports and benefits society. Together with other actions that we are carrying out with Brazilian and international financial institutions, this operation reinforces our credibility for access to financial resources that will contribute to executing our growth plan," said Antonio Carlos Garcia, CFO of Embraer. The aviation sector is considered strategic due to the high technology involved, the employment of qualified labor, and the ability to generate innovations with positive impacts on the country's economy, in addition to being a relevant industry for guaranteeing national sovereignty through Defense products. Brazil is a country that can design, manufacture, and export Commercial, Executive, Defense, and Agricultural aircraft worldwide. Since 1997, when BNDES began to support Embraer, the bank has financed approximately US$ 25 billion in exports of the company's aircraft, enabling the export of more than 1,275 units to airlines around the world. During the period, the contracted operations enabled the Brazilian manufacturer to compete in the foreign market on equal terms with its competitors. About BNDES Founded in 1952 and currently linked to the Ministry of the Economy, BNDES is the main instrument used by Brazil's Federal Government to promote long-term investments in the Brazilian economy. Its actions focus on socio-environmental and economic impacts in Brazil. The bank offers special conditions for micro, small, and medium-sized enterprises, as well as social investment credit lines for education and healthcare, family agriculture, basic sanitation, and urban transport. In crisis situations, the bank acts in an anticyclical manner and assists in formulating solutions for the resumption of economic growth. About Embraer A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing after-sales service and support to customers.

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AEROSPACE

Department of Transportation Grants Canada Jetlines Authority to Service U.S. Routes

Canada Jetlines | November 02, 2022

Canada Jetlines Operations Ltd. “Canada Jetlines” the new, all-Canadian, leisure airline, is pleased to announce the United States Department of Transportation has granted economic authority to serve the U.S. This exemption is effective immediately and will be replaced by a permanent foreign air carrier permit. Canada Jetlines requires Federal Aviation Administration (FAA) approvals before it can start operating to the United States and expects this process to be completed before the end of the year. The announcement follows Canada Jetlines’ confirmation of a new route out of its travel hub at Toronto Pearson International Airport (YYZ) with direct service to Vancouver International Airport (YVR), starting December 2022. The new route aims at providing more accessible travel within Canada, connecting the lower mainland and southern Ontario, operating twice weekly with frequency increasing before the new year. "We are looking forward to expand our international network, as the U.S. is a top market for Canadian travelers,With the winter months fast approaching, we know sun destinations will be a priority for leisure travel and we intend to announce our first international destination later this month.” Eddy Doyle, President & CEO Canada Jetlines. This upcoming Vancouver service will complement the airlines operations of biweekly flights, operating Thursdays, and Sundays out of Toronto (YYZ) to Calgary (YYC) from 07:55am -- EST 10:10am MST and returns from Calgary (YYC) to Toronto (YYZ) 11:40am MST – 17:20 EST.Travellers can reserve vacation packages with preferred travel agents, who can earn up to 10% commission on all base fares, when contracted directly with Canada Jetlines. About Canada Jetlines Canada Jetlines is a leisure focused air carrier, which will utilize a growing fleet of Airbus 320 aircraft to provide Canadians with value vacation choices and convenient travel options. Canada Jetlines will provide exciting vacation packages to iconic Canadian destinations and beyond via strong partnerships with airports, CVB’s, tourism entities, hotels, hospitality brands, and attractions. With a projected growth of 15 aircrafts by 2025, Canada Jetlines aims to offer the best-in-class operating economics, customer comfort and fly-by-wire technology, providing an elevated guest centric experience from the first touchpoint. To learn more, please visit www.jetlines.com and follow on all social media platforms for news and updates.

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BUSINESS AVIATION

Garmin GI 275 receives STC for Dassault Aviation’s Falcon 7X

Garmin International | October 18, 2022

Garmin International, Inc., a unit of Garmin Ltd., today announced Supplemental Type Certification (STC) by the Federal Aviation Administration (FAA) for the GI 275 electronic flight instrument in the Dassault Falcon 7X business jet.As a replacement for the original secondary flight display (SFD), the primary GI 275 will integrate with the aircraft’s existing systems to be configured as an attitude-direction indicator (ADI) with synthetic vision technology (SVT™). Adding a second GI 275 to the copilot’s side will reduce the flight crew’s workload by providing multifunction display (MFD) capabilities. “We are delighted to collaborate with Dassault Aviation and bring the GI 275 to the Falcon cockpit,The popular GI 275 redefines the capabilities of a standby flight display, and we’re excited that almost 300 aircraft in the Falcon line globally will now have the opportunity to be retrofitted with this integrated and intuitive solution.” Carl Wolf, Garmin vice president of aviation sales and marketing Standby flight display Configured as an ADI, the primary GI 275 will display the Falcon’s flight path, in addition to attitude, heading, altitude, airspeed and vertical speed. Localizer, ILS and VOR approach cues will also be displayed. SVT overlays a rich, 3D topographic view of terrain, traffic, obstacles, airport signposts and more. The GI 275 flight instruments will integrate with the existing flight control, inertial navigation, air data and flight management systems offering more redundancy and options than the previous SFD. Backup GPS information can still be displayed on the MFD moving map in the event of a sensor failure. Adding a second display When configured as an MFD, the copilot’s GI 275 will serve multiple roles. Available pages include a dedicated course deviation indicator (CDI), horizontal situation indicator (HSI) and HSI with a moving map. Within the MFD configuration, the moving map can display terrain, obstacles, traffic, airspace information, airways and more. SafeTaxi® airport diagrams display runways, taxiways, fixed based operators (FBOs) and more relative to the aircraft’s location on the airport surface. The GI 275 also allows the crew to select airports and other points of interest on the map to see airspaces with ceilings and floors, frequencies, and airport hot spots with ease. Bluetooth functionality Transferring flight plan information from the Flight Management System (FMS) to an Electronic Flight Bag (EFB) is easier with the GI 275 thanks to its Bluetooth® functionality. The GI 275 can be easily connected via internal Bluetooth to provide unidirectional flight plan transfer from the FMS to Garmin Pilot™. Garmin Connext® and Database Concierge1 allow the GI 275 navigation databases to be loaded remotely via the internal 2.4Ghz Wi-Fi® from a tablet or smartphone. The GI 275 in Dassault Falcon 7X is available immediately and can be installed at several of the Dassault MROs around the United States. Downtimes for installation of the GI 275 are approximately one week as the installation is minimally invasive to the instrument panel. More Falcon models from Dassault Aviation and variants are expected to be added in the coming months. Garmin products and services have revolutionized flight and become essential to the lives of pilots and aircraft owners and operators around the world. A leading provider of solutions to general aviation, business aviation, rotorcraft, advanced air mobility, government and defense, and commercial air carrier customers, Garmin believes every day is an opportunity to innovate. Recipient of the prestigious Robert J. Collier Trophy for Garmin Autoland, Garmin developed the world’s first certified autonomous system that activates during an emergency to control and land an aircraft without human intervention. For more information, visit Garmin's virtual Newsroom, email our press team, connect with @garminaviation on social media, or follow our adventures at garmin.com/blog. About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, SafeTaxi and Connext are registered trademarks and SVT and Garmin Pilot are trademarks of Garmin Ltd. or its subsidiaries. The Bluetooth word mark and logos are registered trademarks owned by Bluetooth SIG, Inc. and any use of such marks by Garmin is under license. Wi-Fi is a registered trademark of the Wi-Fi Alliance.All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

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AEROSPACE

Magellan Aerospace Signs Multi-Year F-35 Lightning II Contract

Magellan Aerospace Limited | November 25, 2022

Magellan Aerospace Corporation announced today, the award of a multi-year contract from Lockheed Martin Corporation (“LMCO”) for complex machined titanium components for all three variants of the F-35 aircraft. This multi-million dollar contract will be carried out at Magellan Aerospace’s facility in Kitchener, Ontario over the period of 2023 to 2027. The contract is for shipsets of machined wing tie bars for the aircraft’s leading edge flap. Magellan’s Kitchener facility has industry-leading expertise in titanium machining operations and world-class machining capability, with an emphasis on high speed machining of hard metals such as titanium, Inconel and stainless steel. This latest contract is a continuation of a long-established relationship with LMCO on the global F-35 fighter aircraft program. Magellan’s Kitchener facility was the first international partner on the F-35 program to deliver parts to the program in late 2003. Prior to these deliveries, Kitchener had made significant investment in both equipment and technology that proved to be pivotal in securing its role on the program. Mr. Haydn Martin, Vice President, Business Development, Marketing and Contracts said, “Magellan earned a role in the industrial supply chain for the Joint Strike Fighter program early in the program as the Canadian government was a partner in the program at its inception in 1997. Magellan has benefited from the opportunity to establish advanced manufacturing technologies in our facilities and is pleased to apply these innovations to support the production of the global F-35 fleet by providing these complex structural components”. The F-35 is developed, produced, and supported by an international team of government allies and aerospace industry leaders. The F-35 Program is managed by the Pentagon’s F-35 Joint Program Office, the U.S. Air Force, the U.S. Marine Corps and the U.S. Navy are all procuring and operating F-35s. There are eight international program partners — the U.S., United Kingdom, Italy, Netherlands, Australia, Norway, Denmark and Canada. Eight Foreign Military Sales customers are also procuring and operating the F-35 ­— Israel, Japan, South Korea, Poland, Belgium, Singapore, Finland, and Switzerland. Lockheed Martin serves as the prime contractor with a global supply chain of more than 1,900 companies based in the United States and in every nation acquiring the F-35. About Magellan Aerospace Corporation Magellan Aerospace Corporation is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced proprietary products for military and space markets, and provides engine and component repair and overhaul services worldwide. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe, and India.

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We're launching a new, higher resolution, capacitive touch in-flight entertainment system: Red Beta. The design is simple, intuitive to use and reflects a brand-forward look mirrors our recently re-designed website. The system features Panasonic EcoV2 monitors and is built on Android-based software that allows us to make faster improvements in the short-term to our in-flight entertainment platform – and in the long-term, will make it possible for us to further connect, personalize and expand Red in entirely new ways.

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