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.

Spotlight

The world’s airspace has never been busier. With passenger numbers expected to double to 8.2 billion by 2037, the air transport industry faces profound operational challenges across the board. This includes the critical business of aircraft communications, which enables thousands of aircraft – generating growing volumes of data – to fly every day by exchanging safety- and operationally-critical data at every flight phase.


Other News
AVIATION TECHNOLOGY

China Airlines and Boeing Announce Order for Four 777 Freighters

Boeing | January 27, 2022

Boeing [NYSE: BA] and China Airlines today announced the Taiwan flag carrier has ordered four 777 Freighters, adding to its extensive fleet of Boeing airplanes. Valued at $1.4 billion at list prices, the order will enable the airline to capture new market opportunities as global air cargo demand continues to grow. "The 777 Freighter has played a critical role in our efforts to maintain profitability during the pandemic, and these additional airplanes will be an integral part of our long-term growth strategy, We are excited to add more 777 Freighters due to their operational efficiency and reliability. Our fleet modernization program will enable us to deliver added value to our customers, especially as the global supply chain continues to evolve." -China Airlines Chairman Hsieh Su-Chien The 777 Freighter is the world's largest, most capable twin-engine Freighter. It has a range of 4,970 nautical miles (9,200 km) with a maximum revenue payload of 102 tonnes (224,900 lbs), while contributing to a 17% reduction in fuel use and CO2 emissions per tonne compared to prior generation airplanes. In addition, the 777F will allow China Airlines to make fewer stops on long-haul routes, further reducing associated landing fees and resulting in the lowest trip cost of any large freighter. "We are thrilled that China Airlines has again selected the 777 Freighter to serve as the backbone of its world-class air cargo fleet, The market-leading capabilities of the 777 Freighter provide added capacity, improved efficiency and greater value to China Airlines' customers, enabling the carrier to meet air cargo demand and position itself for long-term growth." -Ihssane Mounir, senior vice president of Commercial Sales and Marketing. In 2021, China Airlines' air cargo revenue was up 186% above the pre-pandemic year of 2019, which nearly balanced out a 96% drop in passenger revenue. Last year China Airlines Cargo recorded the best year in its history – over TWD 100 billion (USD $3.6 billion) in revenue – by leveraging its existing all-Boeing fleet of (18) 747-400 Freighters and (3) 777 Freighters. With (3) 777 Freighters already on order, China Airlines' 777 Freighter is the perfect complement to the airline's existing 747-400 Freighter fleet, seamlessly accommodating the 3-meter (10-foot) tall pallets and maximizing flexibility for its air cargo operations. 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.

Read More

AEROSPACE

Spirit Airlines Strengthens Houston Ties With New Aircraft Maintenance Facility

Spirit Airlines | April 21, 2022

Spirit Airlines today announced a commitment to deepen its roots in Houston with the addition of an aircraft maintenance facility at George Bush Intercontinental Airport (IAH). The facility, located along John F. Kennedy Boulevard, will serve as a large aircraft maintenance hangar with offices and warehousing for the Spirit Technical Operations team when it begins its first phase of operations. The maintenance complex includes two aircraft bays and ramp space for up to four aircraft, as well as warehouse, shops, and office space, and adds an important geographical location to complement Spirit's maintenance hub in Detroit. Spirit plans to staff the facility with more than 50 Houston-based Team Members to maintain and service Spirit's growing fleet, which is planned to gain 24 new planes this year for a projected fleet-wide total of 197 by the end of 2022, and 33 more planes projected for delivery in 2023. As Spirit's network expands, this additional maintenance capacity will be located a short flight away from several of Spirit's busiest stations. "Maintaining our Spirit Fit Fleet® in top condition is a priority for us every day, and we've picked the perfect additional location for our stellar Technical Operations team as they support our on-going growth. We're proud to bring the values and commitment to excellence that earned our team the FAA's Aviation Maintenance Technician Diamond Award of Excellence to Houston. Thank you to the IAH team for the great 10-year partnership, and we look forward to adding jobs and new maintenance capacity as we grow our presence in the community." John Bendoraitis, Executive Vice President and Chief Operating Officer of Spirit Airlines "Houston's strong economic outlook makes our city an attractive ally for corporate growth and expansion in a global marketplace," said Mayor of Houston Sylvester Turner. "The new maintenance facility at Bush Airport will add quality jobs in our community. We value Spirit Airlines' commitment to Houston, as they continue to expand services in our city and invest in our workforce." "Spirit Airlines will enhance their overall daily operations at Bush Airport by adding this new facility," said Director of Houston Airports Mario Diaz. "This will not only benefit passengers all over their network but will elevate the airport guest experience for those who fly out of Houston to the airline's multiple domestic and international destinations." About Spirit Airlines Spirit Airlines is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows our Guests to pay only for the options they choose — like bags, seat assignments and refreshments something we call Á La Smarte®. We make it possible for our Guests to venture further and discover more than ever before. Our Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. We serve destinations throughout the U.S., Latin America and the Caribbean, and are dedicated to giving back and improving those communities.

Read More

AVIATION TECHNOLOGY

Draganfly Announces New Heavy Lift and High-Endurance Multi-Use Drones

Draganfly Inc | June 02, 2022

Draganfly Inc. an award-winning, industry-leading drone solutions and systems developer, is pleased to announce the launch of its new North American-made Heavy Lift and Commander 3 XL Drones. Draganfly’s Heavy Lift Drone is a versatile, industrial, multirotor unmanned aerial vehicle that is designed to lift more and fly further. Capable of automated missions and manual flight operations, the Company’s heavy-duty, robust UAV has a payload lift capacity of 67 pounds and up to 55 minutes of flight time. Draganfly’s Commander 3 XL Drone is a high-endurance, weather-resistant, multirotor UAV that is designed for easy assembly and rapid deployment. The “Swiss Army Knife” of drones is capable of drop and winch-down systems to transport up to 26 pounds of payload. It performs extremely well in light rain and snow. Both Draganfly’s Heavy Lift and Commander 3XL Drones are compatible with a variety of interchangeable payloads, including optical and thermal imaging solutions, specialized delivery containers, and the Company’s Long Range LiDAR system. According to a recent report by Verified Market Research, the global drone services market size is projected to reach $60.67 billion USD by 2028 with a compound annual growth rate (“CAGR”) of nearly 24%. Demand for drone services is rapidly increasing as more businesses recognize the potential of UAV technology across different industry verticals. “As drone use continues to rise, industry leaders are looking for sophisticated solutions that are versatile, reliable, and secure. Our Heavy Lift and Commander 3 XL Drones will help a variety of major markets improve their business outputs and profitability,” Cameron Chell, President and CEO of Draganfly About Draganfly Draganfly Inc. is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 20 years, Draganfly is an award-winning industry leader serving the public safety, public health, mining, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.

Read More

BUSINESS AVIATION

Constant Aviation Expands Capabilities to Include Helicopter MRO Services

Constant Aviation | June 08, 2022

Constant Aviation announced it has expanded its maintenance, repair and overhaul (MRO) capabilities beyond its portfolio of business jets, commercial airliners and other fixed-wing aircraft to include rotorcraft such as helicopters, drones and other Commercial Unmanned Aircraft Systems. “We have striven to be at the forefront of aviation technology in all its forms, including servicing helicopters and emerging technologies such as Commercial Unmanned Aircraft Systems. Our expansion into these sectors positions us well for the future, including our ability to serve even newer emerging technologies such as Electric Vertical Take-Off and Landing (eVTOL) aircraft. We are fully staffed and equipped to service any private aircraft that can fly, from fixed-wing aircraft such as business jets to helicopters, drones and other rotorcraft.” David H. Davies, Constant Aviation’s Chief Executive Officer As part of this initiative, Constant is completely refurbishing the Sikorsky S-76 helicopters flown by Flexjet’s new private helicopter division. The interiors of each helicopter are being refurbished in Flexjet’s LXi custom cabin interiors, with the first being the “Phantom” interior theme. All veneers are being refinished and all soft goods (seats, carpets and side walls) are being restored with new materials rich with texture. The newly painted livery was designed by Constant Aviation to pay homage to Flexjet’s distinctive business jet liveries which include a chameleon paint with an added carbon fiber accent on the upper cowling and leading edge on the vertical tail. The private helicopter division refurbishments are being performed at Constant Aviation’s maintenance, repair and overhaul (MRO) facility at Orlando Sanford International Airport (ICAO: KSFB). “We are proud that Flexjet has chosen us to ensure that its private helicopters meet its exacting standards,” said Davies. “The refurbishment demonstrates how we have successfully expanded our offering to include providing maintenance, repair and overhaul services to helicopters and other rotorcraft.” Constant Aviation’s expansion into helicopter MRO services is a natural step in ensuring the company remains at the forefront of aviation maintenance needs across the full range of aircraft. It also prepares Constant Aviation for the next generation of rotorcraft that will require MRO services. The expertise developed with helicopters and other traditional rotorcraft systems strategically positions the company to serve emerging technology areas such as UAS and eVTOLs, which employ similar engineering, materials and systems. “The aviation industry is evolving quickly, with new systems coming to the fore, especially in vertical flight and unmanned systems,” said Davies. “We want to be positioned as the leader in servicing these newer forms of flight, and have been expanding our capabilities to offer them the same levels of skill, speed and quality that we have long provided to business jets and other fixed-wing aircraft.” In recent years, Constant Aviation has been dedicating additional resources towards these platforms, including adding even more FAA-authorized capabilities to its repair station certificates. These have the express purpose of working tip-to-tail on today’s helicopters, UAS and, eventually, eVTOLs that require specific expertise that frequently is not aligned with standard repair station capabilities and issued ratings. For example, in 2021 Constant Aviation renewed its partnership with Robotic Skies, a global marketplace for drone maintenance services, to support next-generation aviation sector UAS. With one of the nation’s largest aircraft-on-ground (AOG) mobile fleets, Constant Aviation can repair drones wherever they may be, an important consideration given how widely such vehicles are now used in business and industry. The continuation of this partnership, which resulted in Constant Aviation becoming an authorized UAS service center in 2017, positioned the two companies at the forefront of these emerging markets. 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.

Read More

Spotlight

The world’s airspace has never been busier. With passenger numbers expected to double to 8.2 billion by 2037, the air transport industry faces profound operational challenges across the board. This includes the critical business of aircraft communications, which enables thousands of aircraft – generating growing volumes of data – to fly every day by exchanging safety- and operationally-critical data at every flight phase.

Resources