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slashed by some 2,000 jobs out of a total of 12,500 - a move which comes at a challenging time for Italy, which has just fallen back into recession for the third time in as many years, and where un- employment is at its highest level since the 1970s. But the airline could not have found a bet- ter partner, according to Attwood, some- thing that chairman, Roberto Colannino was keenly aware of when he started courting air- lines from the Gulf as part of his ‘dream’ of rescuing Alitalia. Etihad’s investment will bring both cash and experience to the table - not to mention the Etihad Equity Alliance, an existing net- work of 700 aircraft, 400 desti- nations and 110 million custom- ers worldwide, linked through the airline’s series of stakes in seven airlines, including airberlin, Germany’s second biggest carri- er, Irish airline Aer Lingus, India’s Continued on page 4 Read by thousands of aviation professionals and technical decision-makers every week www.avitrader.com WORLD NEWS Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaround Troubled Italian carrier to benefit from global network of eight partner airlines As the dust settles around Eti- had’s decision to go ahead with its proposed 49% investment in Alitalia, Italy’s beleaguered carri- er, industry observers have begun to evaluate the risks and rewards that lie ahead for the new part- nership, with Etihad pledging to return the Italian airline to profit by 2017. Etihad has agreed to pay €560m for its stake, which will make it the largest shareholder among a group of mostly Italian stakehold- ers, including UniCredit and In- tesa Sanpaolo, Italy’s two biggest lenders, as well as Franco-Dutch airline Air France-KLM, which pre- viously held 25% but has seen its investment diluted to 7%. In total, the deal is worth €1.758bn, including up to €598m of finan- cial restructuring to be provided by lenders and shareholders. But Etihad could invest up to €1.25bn in total over the next four years to achieve its goal, according to Ita- ly’s transport minister. In its “riskiest” investment to date, Etihad’s James Hogan (seated, third from left) signs off on its 49% stake in Italian flag carrier Alitalia Etihad WEEKLY AVIATION HEADLINES ISSN 1718-7966 AUGUST 18, 2014 / VOL. 452 China Investment Corp (CIC) a sovereign wealth fund worth $653bn, is understood to be in talks to buy Avolon, the Dublin- based aircraft leasing company, for $4-5bn including debt, according to sources linked to the deal. CIC is working with Aviation Industry Corporation of China (AVIC), the state-owned aerospace firm, in its bid for Avolon, in a move to capitalise on strong demand for aircraft assets from Asian buyers. Chinese firms eye Avolon Brazil’s World Cup winner Gol, the Brazilian low-cost carrier, came away a winner from the recent Fifa World Cup in Brazil, posting a 24.4% rise in second quarter revenues compared to the same period in 2013, as it flew a total of 3.4 million passen- gers around the country during the tournament, achieving record load factor levels which peaked at 81.2%. The airline reduced net losses to R$145m ($63m), down from losses of R$432m a year earlier, but operating costs rose 20.1% to R$2.34bn. Taking on the national airline of Europe’s fourth biggest econo- my is no small feat. The airline, regarded as a source of “em- barrassment” by many Italians, according to Ed Attwood at Ara- bian Business, is understood to have posted a net loss of €569m London airports’ record July London’s Heathrow and Gatwick airports both posted record pas- senger traffic in July as Britons set off for their summer holidays. Heathrow said 6.97m passengers passed through its doors during the month, representing its busi- est-ever month, while a record 240,000 people travelled through on July 27th - its busiest-ever day. Gatwick posted a 6% rise in pas- senger numbers in July to 4.1m, due in part to a rise in business travel but also sparked by the launch of Norwegian Air Shuttle’s low-cost flights to the US. in 2013, more than double its net loss in 2012. It has been more than a decade since it last posted a profit - which it has only achieved a handful of times over its 68-year history. The job of turning Alitalia around will not be easy, according to Saj Ahmad, chief analyst at Strategic Aero Research, who said it was Etihad’s “riskiest” investment yet, due to the “ground-up” problems the carrier brings with it. Alitalia’s workforce is set to be “Overnight, the financial position of Alitalia will change. But there’s no quick fix. We have a three year plan to bring Alitalia back to profit by 2017.” James Hogan, CEO, Etihad
13

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Page 1: Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaround · 8/18/2014  · Troubled Italian carrier to benefit from global network of eight partner airlines ... subsidiary

slashed by some 2,000 jobs out of a total of 12,500 - a move which comes at a challenging time for Italy, which has just fallen back into recession for the third time in as many years, and where un-employment is at its highest level since the 1970s.

But the airline could not have found a bet-ter partner, according to Attwood, some-thing that chairman, Roberto Colannino was keenly aware of when he started courting air-

lines from the Gulf as part of his ‘dream’ of rescuing Alitalia.

Etihad’s investment will bring both cash and experience to the table - not to mention the Etihad Equity Alliance, an existing net-work of 700 aircraft, 400 desti-nations and 110 million custom-ers worldwide, linked through the airline’s series of stakes in seven airlines, including airberlin, Germany’s second biggest carri-er, Irish airline Aer Lingus, India’s

Continued on page 4

Read by thousands of aviation professionals and technical decision-makers every week www.avitrader.com

WORLD NEWS

Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaroundTroubled Italian carrier to benefit from global network of eight partner airlinesAs the dust settles around Eti-had’s decision to go ahead with its proposed 49% investment in Alitalia, Italy’s beleaguered carri-er, industry observers have begun to evaluate the risks and rewards that lie ahead for the new part-nership, with Etihad pledging to return the Italian airline to profit by 2017.

Etihad has agreed to pay €560m for its stake, which will make it the largest shareholder among a group of mostly Italian stakehold-ers, including UniCredit and In-tesa Sanpaolo, Italy’s two biggest lenders, as well as Franco-Dutch airline Air France-KLM, which pre-viously held 25% but has seen its investment diluted to 7%.

In total, the deal is worth €1.758bn, including up to €598m of finan-cial restructuring to be provided by lenders and shareholders. But Etihad could invest up to €1.25bn in total over the next four years to achieve its goal, according to Ita-ly’s transport minister.

In its “riskiest”

investment to date, Etihad’s James Hogan (seated, third

from left) signs off on

its 49% stake in Italian flag carrier Alitalia

Etihad

WEEKLY AVIATION HEADLINES

ISSN 1718-7966 AUGUST 18, 2014 / VOL. 452

China Investment Corp (CIC) a sovereign wealth fund worth $653bn, is understood to be in talks to buy Avolon, the Dublin-based aircraft leasing company, for $4-5bn including debt, according to sources linked to the deal. CIC is working with Aviation Industry Corporation of China (AVIC), the state-owned aerospace firm, in its bid for Avolon, in a move to capitalise on strong demand for aircraft assets from Asian buyers.

Chinese firms eye Avolon

Brazil’s World Cup winnerGol, the Brazilian low-cost carrier, came away a winner from the recent Fifa World Cup in Brazil, posting a 24.4% rise in second quarter revenues compared to the same period in 2013, as it flew a total of 3.4 million passen-gers around the country during the tournament, achieving record load factor levels which peaked at 81.2%. The airline reduced net losses to R$145m ($63m), down from losses of R$432m a year earlier, but operating costs rose 20.1% to R$2.34bn.

Taking on the national airline of Europe’s fourth biggest econo-my is no small feat. The airline, regarded as a source of “em-barrassment” by many Italians, according to Ed Attwood at Ara-bian Business, is understood to have posted a net loss of €569m

London airports’ record JulyLondon’s Heathrow and Gatwick airports both posted record pas-senger traffic in July as Britons set off for their summer holidays. Heathrow said 6.97m passengers passed through its doors during the month, representing its busi-est-ever month, while a record 240,000 people travelled through on July 27th - its busiest-ever day. Gatwick posted a 6% rise in pas-senger numbers in July to 4.1m, due in part to a rise in business travel but also sparked by the launch of Norwegian Air Shuttle’s low-cost flights to the US.

in 2013, more than double its net loss in 2012. It has been more than a decade since it last posted a profit - which it has only achieved a handful of times over its 68-year history.

The job of turning Alitalia around will not be easy, according to Saj Ahmad, chief analyst at Strategic Aero Research, who said it was Etihad’s “riskiest” investment yet, due to the “ground-up” problems the carrier brings with it.

Alitalia’s workforce is set to be

“Overnight, the financial position of Alitalia will change. But there’s no quick fix. We have a three year plan to bring Alitalia back to profit by 2017.” James Hogan, CEO, Etihad

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Page 2: Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaround · 8/18/2014  · Troubled Italian carrier to benefit from global network of eight partner airlines ... subsidiary

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Page 3: Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaround · 8/18/2014  · Troubled Italian carrier to benefit from global network of eight partner airlines ... subsidiary

3AviTrader WEEKLY AVIATION HEADLINES

AIRCRAFT & ENGINE NEWS

Air Lease Corporation places two new Boeing 777-300ERs with KLM

Air Lease Corporation announced long term lease agreements with KLM (The Netherlands) for two additional new Boeing 777-300ER aircraft, scheduled for delivery in the second half of 2016 and early 2017. These aircraft placements are in addition to the two new 777-300ER aircraft scheduled for lease from ALC to KLM in early 2015 and early 2016, all from ALC’s order book.

Airstream arranges lease of one DHC-8-Q300

Airstream International Group arranged, on behalf of a large US based Lessor, the dry lease of one DHC-8-Q300, MSN557 (8Q-IAK), to Island Aviation Services of the Maldives. MSN557 was previously owned and operated by Caribbean Airlines before being purchased by the lessor in 2013 as part of a five aircraft package, a transaction that was also arranged by Airstream. 8Q-IAK is the third aircraft Air-stream has placed with the airline.

AWAS delivers second of four planned new passenger aircraft to Lion Air

AWAS delivered a second aircraft, one 737-800, as part of a four aircraft sale and leaseback deal with PT Lion Mentari Airlines (Lion Air) for three 737-800s and one Airbus A320. These new aircraft were purchased directly by the airline from their respective manufacturers. AWAS is providing a financ-ing solution for all four aircraft and then placing them on long-term leases with Lion. This second 737-800 will be assigned to and operated by Lion’s Indonesian full service subsidiary Batik Air.

As the European launch customer of the next-generation Airbus A350 XWB (extra wide body) aircraft, Finnair has completed the cabin design of its new flagship long-haul product due to enter service next year. Created by top Helsinki firm dSign Vertti Kivi & Co, also the designer of Finnair’s new Premium Lounge at Helsinki Airport, the A350’s bright and spacious cabin features large panoramic view windows and com-fortable seating arrangements in both classes. The 297-seat configuration includes 46 seats in Business Class in a 1+2+1 layout, en-suring direct aisle ac-cess to all Business Class passengers. The Zodiac Cirrus III seats convert to fully flat beds, while a 16-inch touch-screen inflight entertainment system comes programmed with films, TV shows, music and other digital content on demand in numerous languages. Seats in Business Class also come equipped with AC and USB power outlets. The Economy Class cabin features comfortable Zodiac Z300 slim-line seats with a 31-inch seat pitch in a 3+3+3 layout. At the front of the Economy Class cabin are 43 Economy Comfort seats, with comfier headrests, high-quality headphones and four extra inches of leg room. All seats in Economy include an 11-inch touch screen inflight entertainment system and USB power outlets. Finnair plans to begin operating its first A350s in the second half of next year, initially serving Shanghai, Bangkok and Beijing, with Hong Kong and Singapore A350 service to be added in 2016. Finnair has 11 firm orders and 8 options for A350 aircraft, which will form the backbone of the compa-ny’s long-haul fleet and drive expansion plans.

Finnair reveals cabin design for next-generation Airbus A350 XWB aircraft

How Finnair’s business class cabin will look on its new Airbus A350 fleet Finnair

Surf Air places order for largest Pila-tus PC-12 fleet with 65 new aircraft

Surf Air announced a total order of up to 65 new Pilatus aircraft (15 firm orders and 50 options) to be delivered over the next five years, with a total order value of ap-proximately $312m. The first 15 aircraft are being financed by a $65m senior facility

from White Oak Global Advisors, alongside an additional $8m equity round from new and existing investors, bringing the total equity raised to $17m. With this order the company has formed an unprecedented exclusive partnership with Pilatus Aircraft whereby Surf Air will be the only member-ship-based operator to utilize the PC-12 NG in the United States.

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Page 4: Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaround · 8/18/2014  · Troubled Italian carrier to benefit from global network of eight partner airlines ... subsidiary

Jet Airways, Virgin Australia, Air Seychelles, Air Serbia and Swiss regional carrier Darwin Airline, recently rebranded as Etihad Regional.

As part of the larger group, Alitalia is also set to benefit from the network’s economies of scale, which will cut costs in areas such as maintenance, catering - and, significantly - fuel.

Etihad’s 49% stake in Alitalia is the Abu Dhabi carrier’s most significant investment to date - the carrier is the national airline of the world’s ninth biggest economy. Attwood noted that while Italy boasts a range of globally important firms like Finmeccanica and Ferrari, its flag carrier has no direct flights to key emerging markets like China or India. Add to that the fact that Italy is the fifth most important tourist destination in the world - and the potential for Etihad is clearly there, he said.

James Hogan, Etihad’s CEO, praised Alitalia as a strong local brand, but said the airline’s image was “very dated”, and confirmed that Etihad has been working with its new Ital-ian partners to design new livery and uniforms and refresh its service approach. Plans are also in place to renew Alitalia’s fleet, with a view to increasing its existing wide-body fleet of 22 aircraft by 32% and adding profitable new routes.

Hogan warned that although the financial position of Altalia will change “overnight”, there will be “no quick fix”. He said that Etihad has a three-year plan to bring Alitalia back to profit by 2017. The plan includes the opening up of 10 new long-haul routes over the course of the next five years, in addition to flights to Abu Dhabi from “second-ary” Italian cities like Venice, Catania and Bologna. The carrier’s cargo unit will also be relaunched and expanded.

Strategic Aero Research’s Ahmad told Arabian Business that “turning around Alitalia will mean winning over management and politicians that have been reluctant to cull waste and jobs - if Etihad can do that, they’ll have broken down a major structural bar-rier,” But the “real litmus test”, he added, is how quickly losses can be turned around.

4AviTrader WEEKLY AVIATION HEADLINES

Continued from page 1

Meggitt wins Boeing 737 MAX en-gine and APU fire protection

Meggitt Safety Systems was awarded a con-tract by The Boeing Company to design, develop, manufacture and support the fire protection system for the 737 MAX engine and APU. The contract comprises the control computer, engine and APU fire detectors and the engine and APU fire suppression bottles. This contract demonstrates the opportunity to provide full Chapter ATA 26 system offer-ings enabled by the combined capabilities of the merged Meggitt Safety Systems and Pa-cific Scientific.

AAR to distribute Eaton’s fluid-dis-tribution products

Power management company Eaton has appointed AAR as the exclusive distributor for aircraft fluid-distribution products, oil debris-monitoring technology, engine seals and other products for commercial airlines. The new, 10-year agreement, which goes into effect October 8th, will strengthen airline service and support by providing operators with a comprehensive inventory

MRO & PRODUCTION

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REQUEST FOR BID (RFB) FOR THE FOLLOWING:

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RFB NO. SAAT012/14

COMPILE A LIST OF APPROVED VENDORS THAT WILL BE APPROACHED WHEN SAAT REQUIRES TO LEASE ENGINES

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RFB NO. SAAT013/14

COMPILE A LIST OF APPROVED VENDORS THAT WILL BE APPROACHED WHEN SAAT REQUIRES TO LEASE APU’s (Auxiliary Power Units)

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The submission closing date for both RFB’s No: SAAT012/14 & SAAT013/14 is the 02 September 2014, at 11h00 (GMT+2).

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SAAT hereby invites suitably qualified suppliers to tender for the above request.

RFB documents will be made available for download on www.flysaa.com

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Page 5: Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaround · 8/18/2014  · Troubled Italian carrier to benefit from global network of eight partner airlines ... subsidiary

5AviTrader WEEKLY AVIATION HEADLINES

of highly reliable products manufactured by Eaton for a wide array of commercial aircraft. “This new agreement with Eaton expands our relationship from military and defense into the commercial parts market and reinforces AAR’s ability to provide effi-cient and cost-effective solutions for Eaton’s aftermarket,” said John Holmes, Aviation Services Group vice president – Aviation Supply Chain for AAR.

Summit Air of Canada signs JetSpares contract with BAE Systems

Summit Air of Yellowknife, Northwest Ter-ritories, Canada signed a two-year JetSpares rate-per-flying-hour (RPFH) spares contract with BAE Systems Regional Aircraft to sup-port its newly acquired fleet of two 90-seat Avro RJ85 regional jetliners. To support the growing market interest for the Avro RJ in Canada, BAE Systems Regional Aircraft has worked closely with Transport Canada Civil Aviation (TCCA) to obtain Canadian Type Certification for both the Avro RJ85 and the bigger RJ100. Summit Air is the latest Canadian operator to acquire the Avro RJ, and following delivery of the first aircraft in September will commence FIFO (Fly-in; Fly-out) operations in partnership with First Air and Det’on Cho Logistics on behalf of Diavik Diamond Mine to airlift employees to and from Edmonton to the remote mine which is situated 300 kilometres north of Yellowknife and with air only year-round access.

Airbus choses AIDC as new supplier for best-selling A320 Family

Aerospace Industrial Development Corpo-ration (AIDC) in Taiwan has become a new tier-one supplier for Airbus. Under the agree-ment, which followed a thorough evaluation process, AIDC will produce composite pan-els for A320 Family aircraft aft belly fairings. The contract was signed by François Mery, Airbus senior vice president Aerostructure, Procurement and Tony Liou, AIDC senior vice president.

Héroux-Devtek signs new contract with Boeing to fabricate torque tubes for 787 Dreamliner

Héroux-Devtek was awarded a multi-year contract to manufacture torque tubes for

Marshall Aerospace and Defence Group chooses Abbotsford as North American office hub

Marshall Aerospace Canada, part of Marshall Aerospace and Defence Group, has increased its in-country presence and strengthened its commitment to focused new business development in North America, with the purchase of a 4,343 ft² building at Abbotsford Airport in British Columbia. The building will become Marshall’s Canadian head office, out of which the company’s comprehensive Air, Land and Sea engineer-ing and maintenance capabilities will oper-ate to serve current and future military and civil contracts and custom-ers. The Abbotsford base will also act as Marshall’s base for stra-tegic growth in Canada and North America. The new office in Abbots-ford can accommodate up to 35 personnel, the majority of which will be engineers and tech-nical staff. This office will further consolidate Marshall Aerospace Canada as an integral part of Marshall’s United Kingdom global operations, where Marshall is a Design Authority for a number of platforms, and has fully approved procedures and practices in place that allow the company to undertake and certify OEM-type work on a variety of components, systems and structures. Currently, Mar-shall supports more than 10 air forces around the world.

Local dignitaries celebrate the launch of Marshall Aerospace Canada’s new head office in Abbotsford, Canada Marshall Aerospace

New collaboration between flydubai and JorAMCo

flydubai selected JorAMCo to provide the EIS (Entry Into Service) check for seven of their new Next-Generation Boeing 737-800 aircraft. The aircraft will depart from the Boeing Company’s Renton factory in Washington for Amman where they will be fitted with seats and inflight entertainment before being flown to Dubai to enter flydubai’s fleet.

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Page 6: Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaround · 8/18/2014  · Troubled Italian carrier to benefit from global network of eight partner airlines ... subsidiary

Embraer Executive Jets expands service network into Brazil’s Northeast

Embraer Executive Jets is expanding its customer support and service network into the Brazilian Northeast. AeroMecânica, located at Coroa do Avião airfield, in Igarassu, metropolitan Recife, will be the first Authorized Service Center for line main-tenance, scheduled inspections, and remote services for Phe-nom 100 and Phenom 300 jets, in the region. Customers in the region already have the support of a co-located Embraer field service engineer.

Embraer’s Legacy 500 Executive Jet awarded Brazilian certification

The Brazilian Civil Aviation Agency (Agência Nacional de Avi-ação Civil – ANAC) granted type certification for the Legacy 500 executive jet during a ceremony at the Latin American Business Avia-tion Conference and Exhibition (LA-BACE), in São Paulo, Brazil. Embraer expects to receive certification from the FAA (Federal Aviation Adminis-tration) in the upcoming weeks and certification by EASA (European Avi-ation Safety Agency) thereafter. The flight test program comprised four prototype aircraft, which have car-ried out extensive function and reli-ability testing. The Legacy 500 test fleet completed over 1,800 flight hours. Over 20,000 hours of tests were conducted in laboratories with

rigs for aircraft avionics, electrical, hydraulic, and environmental systems. Production of the Legacy 500 has already begun and the first delivery is scheduled for September. Up to six aircraft will be produced in 2014, and production of the Legacy 500 will increase throughout 2015.

Embraer Executive Jets opens new facilities at its Con-tact Center

Embraer Executive Jets opened new facilities at its Contact Center, this month, to provide operational, technical and main-tenance support for the global fleet of business jets. The facility expansion takes place five years after the center began its oper-ations in 2009. During this time, the fleet of Embraer executive jets has quintupled in size. There are currently more than 780 Embraer Executive Jets aircraft in operation in over 50 coun-tries, and they are supported by the Contact Center 24 hours a

day, 365 days a year. “Invest-ing in support and services for full customer satisfaction has been one of our competitive advantages, which is prov-en by product support sur-veys conducted by the trade press,” said Edson Carlos Mal-laco, Vice President Customer Support and Services, Embraer Executive Jets. “Our Contact Center is staffed by experi-enced professionals who are qualified to provide services for different levels of events.”

6AviTrader WEEKLY AVIATION HEADLINES

EMBRAER NEWS

the Boeing 787 Dreamliner. Under the terms of the agreement, which represents new business for Héroux-Devtek, shipments are scheduled to begin in early calendar year 2015. The manufacturing of these compo-nents will be carried out at the Corpora-

tion’s Laval, Quebec facility. Production of the 787 will increase from the current rate of 10 airplanes per month to 12 in 2016 and to 14 by the end of the decade. As of July 31, 2014, the backlog for the 787 stood at 869 aircraft.

ST Engineering’s Aerospace arm secures wide-body VIP completion contract

Singapore Technologies Aerospace’s (ST Aerospace) VIP completions brand ‘AERIA Luxury Interiors’ (AERIA) has secured a

Embraer’s Legacy 500 secured certification from ANAC, Brazil’ Civil Aviation Agency Embraer

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Page 7: Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaround · 8/18/2014  · Troubled Italian carrier to benefit from global network of eight partner airlines ... subsidiary

7AviTrader WEEKLY AVIATION HEADLINES

DVB Group publishes half-yearly fi-nancial report for 2014

During the first half of 2014, the perform-ance of DVB Bank SE in providing financing solutions and advisory services to its clients in the international transport sector was lower than in the same period of the previ-ous year. Consolidated net income before taxes was down 37.7%, to €41.4m (H1 2013: €66.4m). At €105.0m, net interest income decreased by 9.6% year-on-year (H1 2013: €116.2m). Income from the lend-ing business was down 1.6%, to €381.1m (H1 2013: €387.3m). DVB originated 78 new Transport Finance transactions in the period, with an aggregate volume of €2.2bn (H1 2013: 71 new transactions with a total volume of €1.8bn). Interest income from finance leases totalled €8.2m (H1 2013: €12.7m), whilst current income from operating leases decreased 40.1%, to €41.1m (H1 2013: €68.6m). Given the rea-sons set out above, total interest income thus declined by 7.9%, from €471.9m to €434.7m. Interest expenses also fell, by 7.3%, to €329.7m (H1 2013: €355.7m), given the massive additional liquidity sup-ply on the capital markets and the result-ing lower funding costs. However, this ef-fect did not offset the decline in interest income. Consolidated net income before taxes reduced by 37.7%, to €41.4m (H1 2013: €66.4m). Consolidated net income after taxes was down 45.3%, to €31.7m (H1 2013: €57.9m).

AeroCentury reports second quarter 2014 results

AeroCentury, an independent aircraft leasing company, reported its operating results for the second quarter ended June 30, 2014. The Company reported a net loss of $3.9m for the second quarter of 2014, compared to net income of $1.3m for the second quarter of 2013. The Company reported a net loss of $3.6m for the first six months of 2014, com-pared to net income of $5.2m for the first six months of 2013. Total revenues were $7.9m and $15.9 for the second quarter and six months ended June 30th, 2014, respectively, compared to total revenues of $7.9m and $20.0m, respectively, for the same periods a year ago.

Mesa Air Group completes $30m working capital draw loan

Mesa Air Group closed on a $30m working capital draw loan through Tennenbaum Capi-tal Partners. The funds are available for up to two years and have a five year term. The funds will be used to support current aircraft purchases and growth-related expenses as well as anticipated future growth opportu-nities. In the past sixteen months Mesa has added 19 CRJ 900 aircraft to be operated for

FINANCIAL NEWS

Hong Kong Aircraft Engineering Company (HAECO) reports 2014 inter-im results

The HAECO Group reported an attributable profit of HK$283m for the first six months of 2014. This compares with a profit of HK$359m for the equivalent period in 2013. Earnings per share decreased by 21.2% to HK$1.70. Turnover increased by 65.6% to HK$5,337m, with the acquisition of TIMCO ac-counting for 61.8% of the in-crease. The Group continued to invest in order to expand its fa-cilities and technical capabilities and to improve and widen the range of services it can offer to customers. Total capi-tal expenditure during the first half of 2014 was HK$3,259 m (including expenditure on the acquisition of TIMCO of HK$2,942m). Capital expenditure committed at the end of June was HK$997m.

HAECO

American Airlines and 6 Embraer 175 aircraft to be operated for United Airlines with an ad-ditional 24 Embraer 175 aircraft being deliv-ered over the next 24 months.

AerCap Holdings N.V. reports second quarter financial results

AerCap Holdings N.V. announced that its adjusted net income was $212.4m for the second quarter of 2014. Adjusted earnings per share were $1.29 for the second quar-ter of 2014, an increase of 118% over the second quarter of 2013. On May 14, 2014, AerCap completed the acquisition of Inter-national Lease Finance Corporation (“ILFC”) from American International Group (“AIG”). The results of ILFC have been consolidated in AerCap Holdings N.V.’s income statement and cash flow statement for the second quarter as of May 14th, 2014, the comple-tion date. As of June 30th, 2014, AerCap had committed to purchase 350 aircraft with scheduled delivery dates up to 2022. Over 90% of its committed aircraft purchases de-livering 2014 through December 2016 and approximately 50% of its committed aircraft purchases delivering 2014 through 2022 are placed, either under lease contract or a let-ter of intent. AerCap executed 122 aircraft transactions during the second quarter of

nose-to-tail cabin completion contract for a wide-body VIP aircraft, from an undisclosed customer. This follows shortly after clinching a green aircraft completion deal for a VIP 737 BBJ in February this year. The aircraft interior will be elegantly designed by AER-IA’s own cabin design team. The wide-body aircraft will have a lifestyle-oriented floor plan personalised to the customer’s tastes and expectations, and outfitted with the finest materials and furnishing. he aircraft is scheduled to arrive in AERIA’s remodelled hangar for cabin completion in the third quarter of 2014, with redelivery planned in the fourth quarter of 2016.

MRO & Logistics Software Solutionscomponentcontrol.com

Parts Search Price SearchSend RFQs Receive POs iPhone/Android• • • •

Post your excess inventory for FREE on StockMarket.aero,the fastest growing online aviation parts emarketplace

Parts WantedParts Wanted

Page 8: Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaround · 8/18/2014  · Troubled Italian carrier to benefit from global network of eight partner airlines ... subsidiary

• Component Control released new timesaving features for StockMarket.aero, its searchable online eMarketplace for aviation parts and services. Users can now send an RFQ to multiple vendors at one time with just a few clicks of a mouse, and directly from the “Parts Wanted Broadcast” message screen. A new option allows users to easily limit searches to just inventory or capabili-ties to more quickly find what they need. Broadcast messages have been ex-panded to include a new type — Aircraft and Engines for Lease/Sale, allowing vendors to reach a large market faster. Component Control also announced that the popular online aviation marketplace recently reached 60 million stock lines, retaining its title as the world’s largest open marketplace for aircraft parts and maintenance, repair and overhaul (MRO) capabilities. The online network is utilized by airlines, parts traders, OEM/PMA equipment manufacturers, military and defense organizations, and commercial and general aviation businesses to quickly locate, buy and sell aviation parts and services.

• Volartec announced Island Transvoyager (ITI Air) to be the launch customer in South East Asia. With the latest ATR 42-500 addition to the fleet, ITI sought a suitable Maintenance Management System to manage its expanding fleet. The first ATR 42 will be added to Alkym Management and Control System for Aircraft Maintenance as part of the implementation project which is currently under way. With the project team onsite at ITI this month they will have the first aircraft loaded and Alkym in a Live operating envi-ronment by the end of August.

8AviTrader WEEKLY AVIATION HEADLINES

The Philippines’ ITI Air will be Volartec’s South East Asian launch customer ITI Air

2014. Targeted aircraft sales of ~$1bn per year on average are ahead of plan: ~$2bn complet-ed since the ILFC transaction announcement in December 2013. 90% of the ILFC aircraft have been transferred to AerCap’s existing opera-tions in Ireland. Available liquidity of $6.5bn as of June 30th, 2014. Since the announcement of the transaction $7bn of funding has been raised: unsecured revolver, term loan and ILFC acquisition related take-out financing.

INFORMATION TECHNOLOGY

MILITARY & DEFENSE

Sikorsky, Boeing selected to build Tech-nology Demonstrator for future verti-cal lift

Sikorsky Aircraft and Boeing were selected to build a helicopter for the U.S. Army’s Joint Multi-Role Technology Demonstrator Phase 1 program (JMR TD), paving the way for the next genera-tion of vertical lift aircraft. The U.S. Army Avia-tion Technology Directorate (AATD) selected the Sikorsky-Boeing team to continue the develop-ment of the SB>1 Defiant, a medium-lift heli-copter configured to Sikorsky’s X2 coaxial design, through flight testing. First flight for the program is expected in 2017. The Defiant aircraft will fea-ture counter-rotating rigid main rotor blades for vertical and forward flight, a pusher propeller for high-speed acceleration and deceleration and an advanced fly-by-wire flight control system.

SAA Technical (SOC) Limited (Reg. No 1999/024058/07)

Situated at OR Tambo International Airport Republic of South Africa

(Hereinafter referred to as “SAAT”)

REQUEST FOR QUOTE (RFQ) FOR THE FOLLOWING:

_____________________________________________________

RFQ NO. JEOS001/14 CFM56-7B Engine Lease

Enquiries may be directed ONLY in writing to the Project Manager:

Maynard Bibbey– [email protected] Fax No.: (011) 978 6057

_____________________________________________________

SAAT hereby invites suitably qualified suppliers to tender for the above request.

RFQ documents will be made available for download on www.flysaa.com

(Click on “About Us”, then “SAA Tenders”) from

Monday 11 August 2014

The submission closing date for the RFB is 18 August 2014, 11h00 (SAST).

No late submissions will be considered.

Page 9: Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaround · 8/18/2014  · Troubled Italian carrier to benefit from global network of eight partner airlines ... subsidiary

Airbus A350 XWB completes Route Proving World Tour

The Airbus A350-900 successfully complet-ed a series of Route Proving trials, receiv-ing an enthusiastic welcome at each of the 14 cities it has visited over the past three weeks. At the technical Route Proving the aircraft must demonstrate its readiness for airline operations on a global scale. This last series of trials is required for Type Certifica-tion, which is expected in Q3 this year. The A350 XWB completed its Route Proving af-ter landing in Toulouse, France on August 13th coming from Helsinki, Finland. The ex-ercise took the flight test aircraft, MSN 005, across the globe on an impressive 20-day trip flying over the North Pole, each ocean and stopping at 14 major international air-ports world-wide. During its World Tour, the aircraft flew approximately 81,700 nm /151,300 km in some 180 flight hours, with all flights performing on schedule. The air-craft was operated by Airbus flight crews as well as Qatar flight crews on the route from Doha to Perth, Moscow and Helsinki. The Airworthiness Authority pilots from the European Aviation Safety Agency also par-ticipated and flew the aircraft on two legs.

• Effective on August 1st 2014, Karl Ulrich Garnadt, the member of the Executive Board of Deutsche Lufthansa Aktiengesellschaft and CEO of Lufthansa German Airlines succeeded Stefan Lauer, to be the vice-chairman of Ameco Beijing. Garnadt began his career at Lufthansa in 1979. In 2011 he became CEO and chairman of Lufthansa Cargo AG. Since May 1st, 2014, he has been a member of the Executive Board of Deutsche Lufthansa AG and CEO of Lufthansa German Airlines.

• Nordic Aviation Capital, the world’s largest regional aircraft leasing company, is bolstering its presence in the Asia Pacific region with the appointment of Bill Rossi as VP Sales and Acquisitions based out of its Singapore office. Rossi joins NAC from Embraer Aircraft where for the past five and a half years he worked as sales director Asia Pacific.

AviTrader WEEKLY AVIATION HEADLINES

AviTrader Publications Corp.Suite 305, South Tower

5811 Cooney RoadRichmond, BC

Canada V6X 3M1

PublisherPeter Jorssen

Tel: +1 604 318 5207

EditorCatherine Davies

[email protected]: +44 (0) 7772 896 280

Advertising Inquiries and Customer Support

Jenny [email protected]: + 49 (0) 8761 346 007

For inquiries and comments, please email:

[email protected]

Business Aircraft Europe ExpoBiggin Hill Airport, London, UK, 10-11 Sept, 2014. (Event brochure)

ISTAT EuropeHilton Istanbul, Istanbul, Turkey, 21-23 Sept, 2014. (Event brochure)

Aircraft Lifecycle - New PerspectivesMaintenance Reserves Training Seminar

Hotel 10, Montreal, Canada, 30 Sept-2 Oct, 2014. (Event brochures)

MRO EuropeIFEMA, Madrid, Spain, 7-9 Oct, 2014. (Event brochure)

Engine Leasing & Asset Management SeminarAircraft Finance Seminar

Holiday Inn Kensington Forum, London, UK, 29-30 Oct, 2014. (Event brochure)

Click here for more aviation events

Recommended Events

9

August 18, 2014 / Vol. 452

INDUSTRY PEOPLE

Bill Rossi NAC

A major highlight was the trip from Johannesburg Tambo International Airport, located at 5,558 feet (1,694m) above sea level, to Sydney, demonstrating the A350’s excellent perform-ance at high altitude airports. The flights from Johannesburg to Sydney and Auckland to Santiago de Chile demonstrated also its capability to fly ultra-long-haul routes or Extended

range Twin Operations (ETOPS). The technical Route Proving commenced on July 24th in Toulouse/France and comprised the following destinations: Frankfurt, Singapore and Hong-Kong. On the third trip, the aircraft visited Johannesburg, Sydney, followed by Auckland, Santiago de Chile and Sao Paulo. The fourth and final journey included Perth followed by Doha, Moscow and Helsinki.

OTHER NEWS

The Airbus A350 XWB-900 (above) completes its Route Proving World Tour Airbus

Page 10: Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaround · 8/18/2014  · Troubled Italian carrier to benefit from global network of eight partner airlines ... subsidiary

THEAIRCRAFTANDENGINEMARKETPLACE Page 1 of 4

Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email Phone

A319-112 Doric CFM56-5B6/3 3589 2008 Mar 2015 Sale / Lease Maurick Groeneveld [email protected] +49.69.24755942

A319-112 Doric CFM56-5B6/3 3818 2009 Mar 2015 Sale / Lease Maurick Groeneveld [email protected] +49.69.24755942

A319-133 Amentum Capital V2527M-A5 3705 2008 Nov 2014 Lease Noel Healy [email protected] +353 1 639 8111

A320-200 ORIX Aviation CFM56-5A1 378 1993 Q1/2015 Sale Paul O'Dwyer paul.o'[email protected] +353 863 822 960

A320-200 ORIX Aviation CFM56-5B6/3 3831 2009 Q2/2015 Lease Paul O'Dwyer paul.o'[email protected] +353 863 822 960

A320-200 ORIX Aviation V2527-A5 2651 2006 Q1/2016 Lease Paul O'Dwyer paul.o'[email protected] +353 863 822 960

Commercial Jet Aircraft

August 18, 2014

A330-200 Amentum Capital PW4168A 970 2008 Q1/2015 Lease Noel Healy [email protected] +353 1 639 8111

B737-300 AerSale CFM56-3 23440 1986 Now Sale / Lease Bill Kmiotek [email protected] +1 676 379 5042

B737-300 AerSale CFM56-3 23441 1986 Now Sale / Lease Bill Kmiotek [email protected] +1 676 379 5042

B737-300 World Star Aviation Services CFM56-3C1 28738 1998 Now Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-300 World Star Aviation Services CFM56-3C1 28872 1998 Jul 2014 Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-300 World Star Aviation Services CFM56-3B2 24208 1998 Now Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-300 World Star Aviation Services CFM56-3C1 28573 1998 Now Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-300 Phoenix Aer Capital CFM56-3 24532 Now Sale Bob Gallagher [email protected] +1 727-376-0292

B737-300 Phoenix Aer Capital CFM56-3 24666 Now Sale Bob Gallagher [email protected] +1 727-376-0292

B737 300F ORIX Aviation CFM56 3B2 24711 1990 Q1/2015 Sale / Lease Paul O'Dwyer paul o'dwyer@orix ie +353 863 822 960B737-300F ORIX Aviation CFM56-3B2 24711 1990 Q1/2015 Sale / Lease Paul O'Dwyer paul.o'[email protected] +353 863 822 960

B737-400 World Star Aviation Services CFM56-3C1 24706 1991 Now Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-400 World Star Aviation Services CFM56-3C1 26290 1993 Now Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-400 AerSale CFM56-3C1 25417 1991 Now Sale Craig Wright [email protected] +1 (305) 764 3238

B737-400 AerSale CFM56-3C1 25313 1991 Now Sale / Lease Bill Kmiotek [email protected] +1 676 379 5042

B737-400 AerSale CFM56-3C1 25314 1991 Now Sale / Lease Shane O'Connell [email protected] +353 87 063 8243

B737-400 AerSale CFM56-3C1 27149 1993 Now Sale / Lease Craig Wright [email protected] +1 (305) 764 3238

B737-400 Safair Operations Combi 26961 C. Schoonderwoerd [email protected] +27 11 928 0000

B737-400 Safair Operations Pax C. Schoonderwoerd [email protected] +27 11 928 0000

B737-400 Aergo Group CFM56-3C1 24430 1990 Now Sale Kevin Mc Ginley [email protected] +353-1-6761077

Now ACMI/Wet lease/Sale

Now 2013 ACMI/Wet lease

B737 400 Aergo Group CFM56 3C1 24430 1990 Now Sale Kevin Mc Ginley [email protected] +353 1 6761077

B737-400 Aergo Group CFM56-3C1 24431 1990 Now Sale Kevin Mc Ginley [email protected] +353-1-6761077

B737-400 Aergo Group CFM56-3C1 24432 1990 Now Sale Kevin Mc Ginley [email protected] +353-1-6761077

B737-400F Aergo Group CFM56-3C1 26530 1994 Now Sale Kevin Mc Ginley [email protected] +353-1-6761077

B737-500 AerSale CFM56-3C1 27424 1996 Now Sale / Lease Craig Wright [email protected] +1 (305) 764 3238

B737-500 World Star Aviation Services CFM56-3B1 26297 1994 Now Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B737-700 ORIX Aviation CFM56-7B22/3 35078 2007 Q4/2015 Lease Paul O'Dwyer paul.o'[email protected] +353 863 822 960

B737-800 ORIX Aviation CFM56-7B26 34153 2005 Q2/2015 Lease Paul O'Dwyer paul.o'[email protected] +353 863 822 960

B737-800 ORIX Aviation CFM56-7B26 35072 2007 Q2/2015 Lease Paul O'Dwyer paul.o'[email protected] +353 863 822 960

B747-400 GA Telesis PW4056 28754 1998 Now Sale / Lease Stefanie Jung [email protected] +1 954-958-1321g j g@g

B747-400 AerSale CF6-80C2B1F 26342 1992 Now Sale / Lease Bill Kmiotek [email protected] +1 676 379 5042

B747-400ERF Amentum Capital CF6-80C2B5F 37303 2009 Jul 2014 Sale / Lease Noel Healy [email protected] +353 1 639 8111

B757-200 World Star Aviation Services RB211-535-E4 24544 1990 Now Sale / Lease Sean O Connor [email protected] +1 415-956-9456

B757-200 MBA Aircraft Solutions RB211-535E4B 24594 1990 Now Sale / Lease Jacob Agnew [email protected] +1 703.276.3202

B757-200 MBA Aircraft Solutions RB211-535E4B 24526 1990 Now Sale / Lease Jacob Agnew [email protected] +1 703.276.3202

B757-200 GA Telesis RB211-535E4 24491 1990 Now Sale / Lease Stefanie Jung [email protected] +1 954-958-1321

B757-223 Jet Midwest Inc. RB211-535E4 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

B757-200PCF AerSale 535E4-37/B 23767 1987 Oct 2014 Sale / Lease Craig Wright [email protected] +1 (305) 764 3238

B767-200ER GA Telesis CF6-80A 22329 1987 Now Sale / Lease Stefanie Jung [email protected] +1 954-958-1321

B767-200ER GA Telesis CF6-80A 22324 1986 Now Sale / Lease Stefanie Jung [email protected] +1 954-958-1321

B767-200ER GA Telesis CF6-80A 22328 1986 Now Sale / Lease Stefanie Jung [email protected] +1 954-958-1321

B767-222 Jet Asia Aiways Co. Ltd. JT9D-7R4D 21868 Now ACMI, Wet L. Kevin Lee [email protected] +1 310 944 0327

B767-246 Jet Asia Aiways Co. Ltd. JT9D-7R4D 23214 Now ACMI, Wet L. Kevin Lee [email protected] +1 310 944 0327

B767-300ER ORIX Aviation PW4060 25285 Q1/2015 Lease Paul O'Dwyer paul.o'[email protected] +353 863 822 960

DC10-30F Bristol Associates CF6-50C2 47925 1974 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

DC10-30F Bristol Associates CF6-50C2 47929 1975 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

L100-30 Safair Operations 501-D22 C. Schoonderwoerd [email protected] +27 11 928 0000

MD-82 GA Telesis 49919 Now Sale Stefanie Jung [email protected] +1 954-958-1321

MD90 30 AerSale V2528 D5 53496 1998 Now Sale / Lease Craig Wright craig wright@aersale com +1 (305) 764 3238

Now - Wet Lease / ACMI

MD90-30 AerSale V2528-D5 53496 1998 Now Sale / Lease Craig Wright [email protected] +1 (305) 764 3238

Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email Phone

EMB-120QC Jet Midwest Inc. PW118 120264 1992 Now Sale / Lease Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

ERJ-135ER Bristol Associates 145176 1999 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

ERJ-135ER Bristol Associates 145186 1999 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

ERJ-135ER Bristol Associates 145192 1999 Now Sale Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

Regional Jet / Turboprop Aircraft

August 18, 2014

www.gatelesis.com

Component solutions you can trust with the world’smost powerful independent rotable inventory

Page 11: Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaround · 8/18/2014  · Troubled Italian carrier to benefit from global network of eight partner airlines ... subsidiary

THEAIRCRAFTANDENGINEMARKETPLACE Page 2 of 4

Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email Phone

ERJ-135LR Bristol Associates 145332 2000 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

ERJ-135LR Bristol Associates 145334 2000 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

ERJ-135LR Bristol Associates 145323 2000 Now Sale / Lease Ed McNair / Pete Seidlitz [email protected] +1 202-682-4000

ERJ-145ER GA Telesis 145045 1998 Now Sale / Lease Stefanie Jung [email protected] +1 954-958-1321

Contact Email PhoneCompanySale / LeaseMultiple Types

Commerical Engines

Regional Jet / Turboprop Aircraft (cont.)

August 18, 2014

Contact Email Phone

Sherry Riley [email protected] +1(513)782-4272

Contact Email Phone

(2) AE3007A1 Now - Sale / Lease Engine Lease Finance Ciaran McGlynn [email protected] +353 61 291729

(2) AE3007A1 Now - Sale / Lease Bill Polyi / Ray Marquess [email protected] +1 (704) 504-9204

Contact Email Phone

(1) CF34-8E5 Now - Lease Lufthansa Technik AERO Alzey Kai Ebach [email protected] +49-6731-497-368

(2) CF34-10E5 Now - Lease

(1) CF34-3B / 3B1 Now - Lease

(1) CF34-3A Now - Sale / Lease

Sale / Lease

Company

Company

GECAS Engine LeasingNow - Sale / Lease

Sale / LeaseCF34 Engines

AE3007 Engines

Sale / LeaseMultiple Types

Multiple Engines GE / CFM / RB211

Magellan Aviation Group

Company

(3) CF34-3B Now - Sale GA Telesis Eddo Weijer [email protected] +1-954-676-3111

(1) CF34-8C5/B1 Now - Sale / Lease Ray Marquess [email protected] +1 (704) 504-9204

(1) CF34-3B1 Now - Sale/Lease/Exch. David Desaulniers [email protected] +1 415 516 4837

(1) CF34-8E5A1 Now - Lease AeroCentury Frank Pegueros [email protected] +1 650 340 1888

Sherry Riley [email protected] +1 (513) 782-4272

Contact Email Phone

(1) CF6-80C2A5 Apollo Aviation Group Erik Castillo [email protected] +1 (305) 579-2340

(4) CF6-80C2A2 Now - Sale / Lease

(2) CF6-80C2B4

(1) CF6-80C2B1F Jun 14 - Sale/Lease/Exch

Company

Now - Sale/Lease/Exch.

Willis Lease

Now - Sale / Lease GECAS Engine LeasingCF34-8E(s)

Now - Sale / Lease

CF6 Engines Sale / Lease

Magellan Aviation Group

(1) CF6-80C2B1F Jun 14 - Sale/Lease/Exch.

(1) CF6-80C2B1F Aug 14 - Sale/Lease/Exch.

(1) CF6-50C2 Now - Sale / Lease Konrad J Walter [email protected] +1 954-445-8127

(1) CF6-50 Now - Sale Phoenix Aer Capital Bob Gallagher [email protected] +1 727-376-0292

(1) CF6-80C2B4F Now - Lease Ann Lee [email protected] +1 (415) 408 4769

CF6-50E2 (multiple) Now - Sale / Lease Commercial Aircraft Services Brian Cooper [email protected] +1 208-899-1915

(3) CF6-80C2B1F Now - Sale / Lease AerSale. Inc. Matthew White [email protected] +353 1475 3005

(1) CF6-80C2B6F Now - Sale / Lease

(1) CF6-80C2A5 Now - Sale / Lease

(1) CF6-80C2B4 Now - Sale / Lease

Willis Lease

Taking Aviation Forward, LLC

(2) CF6-80C2B7F Now - Sale / Lease

(2) CF6-80C2BXF Now - Sale/Lease/Exch. TES Aviation Group Lee Whitehurst [email protected] + 44 (0) 7760884250

(1) CF6-80C2B1F Now - Sale / Lease Fortress Investment Group Thomas Garbaccio [email protected] +1 212-497-2917

(1) CF6-80C2B6F Now - Sale / Lease

(1) CF6-80C2B7F Now - Sale / Lease

(1) CF6-80C2B1F AeroTurbine Elizabeth Peters [email protected] +1 786 925 8517

(2) CF6-80C2B6F Now - Sale / Exchange

(1) CF6-80C2B6F Now - Lease

(1) CF6-80C2D1F Now - Lease

(1) CF6 80C2B4 N S l / L GA T l i Edd W ij ij @ t l i +1 954 676 3111

Now - Sale / Exchange

(1) CF6-80C2B4 Now - Sale / Lease GA Telesis Eddo Weijer [email protected] +1-954-676-3111

(1) CF6-80C2A2 Now - Sale / Lease

(1) CF6-80C2B1F Now - Lease Engine Lease Finance Joe Hussar [email protected] +1 (617)828-3569

Contact Email Phone

(1) CFM56-7B26E (brand new) End 10/14 Lease Sumisho Aero Engine Lease Tony Kondo [email protected] +31-20-705-4982

CFM56-3C1 (OH) Now - Sale / Lease TrueAero, LLC Brent Corrie [email protected] +1 561-310-3242

CFM56-3C1 (SV) Now - Sale / Lease

(2) CFM56-3C1 Now - Sale Kevin Mc Ginley [email protected] +353-1-6761077

(1) CFM56-7B24 Now - Lease Engine Lease Finance Joe Hussar [email protected] +1 617 828-3569

(1) CFM56-5A3 Now - Lease

Aergo Group

CompanySale / LeaseCFM56 Engines

(1) CFM56 5A3 Now Lease

August 18, 2014

SEARCH

Search or sell withStockMarket.aero

GECASEngine Leasing

Supporting the world’s airlinesCorporation

Page 12: Etihad’s ‘litmus test’ begins for Alitalia 2017 turnaround · 8/18/2014  · Troubled Italian carrier to benefit from global network of eight partner airlines ... subsidiary

THEAIRCRAFTANDENGINEMARKETPLACE Page 3 of 4

Contact Email Phone

(1) CFM56-5A3 Now - Sale / Lease World Star Aviation Services Sean O Connor [email protected] +1 415-956-9456

(1) CFM56-3B1 Now - Sale / Lease

(1) CFM56-3C1 Now - Sale / Lease

(2) CFM56-3C1 Now - Sale / Lease Frank Rustmeier [email protected] +49 (0)8025 99360

(1) CFM56-5A3 Now - Sale / Lease

(2) CFM56-5B4P Now - Sale / Lease

(1) CFM56-5C4 Now - Sale / Lease

CompanyCFM56 Engines (cont.)

Commerical Engines (cont.)

Sale / Lease

Royal Aero

August 18, 2014

(1) CFM56 5C4 Now Sale / Lease

(1) CFM56-5C4/P Now - Sale/Lease/Exch. AerFin Auvinash Narayen [email protected] +44 77 66 384 581

(1) CFM56-3C1 Now - Sale Mike Visconti [email protected] +1 305 753-6106

(1) CFM56-3B2 Now - Sale / Lease Fortress Investment Group Thomas Garbaccio [email protected] +1 212-497-2917

(1) CFM56-3C1 Now - Sale / Lease

(1) CFM56-7B27/3B1F Now - Sale/Lease/Exch. AerSale. Inc. Matthew White [email protected] +353 1475 3005

(2) CFM56-3B1 Now - Lease

(2) CFM56-3C1 Now - Lease

(3) CFM56-5C4 Now - Sale / Lease Bill Polyi [email protected] +1 (704) 504-9204

(4) CFM56-3B1/C1 Now - Sale / Lease Tom Leimkuhler [email protected] +1 (704) 504-9204

Magellan Aviation Group

(6) CFM56-3C1 Now - Sale/Lease/Exch. Lufthansa Technik Airmotive Irel. Alan Phelan [email protected] +353-87-2786738

(1) CFM56-3B2 Now - Sale/Lease/Exch.

(1) CFM56-5B4/P Now - Lease Castlelake Rich Gauvin [email protected] +1 612 851 3022

(1) CFM56-7B Now - Lease

(2) CFM56-3B2 Now - Sale / Lease GA Telesis Eddo Weijer [email protected] +1-954-676-3111

(1) CFM56-5B Now - Sale/Lease/Exch. Werner Aero Services Cliff Topham [email protected] +1-703-402-7430

(1) CFM56-7B Now - Sale/Lease/Exch.

Ivan Graydon [email protected] + 353 61 70 6463

CFM56-5B(s)

CFM56-3(s)

Now - Sale/Lease/Exch.

Now - Sale/Lease/Exch

Now - Sale/Lease/Exch.

CFM56-5A(s)

SES

CFM56-5B(s)

Ann Lee [email protected] +1 (415) 408 4769

(1) CFM56-3C1 Now - Lease

(1) CFM56-5B4/3 Now - Lease

(1) CFM56-5B4/P Now - Lease

(2) CFM56-5C4/P Now - Lease

(5) CFM56-3C1 Now - Sale / Exchange AeroTurbine Elizabeth Peters [email protected] +1 786 925 8517

(1) CFM56-5C3/G Now - Sale / Exchange

CFM56-7B(s)

(1) CFM56-7B24 (Non-TI)

Now - Sale/Lease/Exch.

Now - Lease

Now - Lease

(2) CFM56-7B24/3

Now - Sale/Lease/Exch.

Willis Lease

(2) CFM56-5C4 Now - Sale / Exchange

(2) CFM56-3C1 Now - Lease

(1) CFM56-5C4 Now - Lease

(3) CFM56-3C1A Now - Sale / Lease Apollo Aviation Group Erik Castillo [email protected] +1 (305) 579-2340

(2) CFM56-5A3 Aug 14 - Sale/Lease/Exch.

(1) CFM56-3B2 Now - Sale/Lease/Exch.

(3) CFM56-5C3/F Jun 14 - Sale/Lease/Exch.

(3) CFM56-3B2 Now - Sale / Lease ORIX Aviation Paul O'Dwyer paul.o'[email protected] +353 863 822 960

(1) CFM56-3B1 Now - Sale/Lease/Exch. TES Aviation Group Lee Whitehurst [email protected] + 44 (0) 7760884250

(1) CFM56 3C1 Now Sale/Lease/Exch(1) CFM56-3C1 Now - Sale/Lease/Exch.

Sherry Riley [email protected] +1(513)782-4272

Contact Email Phone

(1) JT8D-217C/219 Now - Sale / Lease Azure Resources Jeff Young [email protected] +1-954-249-7935

(7) JT8D-200 Now - Sale GA Telesis Eddo Weijer [email protected] +1-954-676-3111

Now - Sale / Lease Jet Midwest Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

Contact Email Phone

Now - Sale / Lease Jet Midwest Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

(34) JT9D-7R4D Now - Sale / Lease

Contact Email Phone

(1) JT8D-219 or -217

PW Small Engines Sale / Lease

(1) JT9D-7R4D overhauled

Now - Sale

Sale / Lease

(2) CFM56-5A

JT8D Engines

Company

GECAS Engine Leasing

JT9D Engines Sale / Lease Company

Company

Contact Email Phone

(3) PW121 (ATR) Now - Sale/Lease/Exch. David Desaulniers [email protected] +1 415 516 4837

(2) PW121-8 Now - Sale/Lease/Exch.

(1) PW123 Now - Sale/Lease/Exch.

(1) PW127 Now - Sale/Lease/Exch.

(1) PW127M Now - Sale/Lease/Exch.

(2) PW127F Now - Sale/Lease/Exch.

(2) PW124B Now - Sale/Lease/Exch.

(1) PW150A Now - Sale/Lease/Exch.

(1) PW121 Now - Sale / Lease Royal Aero Frank Rustmeier [email protected] +49 (0)8025 99360

S a g es Sa e / ease

Willis Lease

Co pa y

(1) PW150A Now - Sale GA Telesis Eddo Weijer [email protected] +1-954-676-3111

Bill Polyi [email protected] +1 (704) 504-9204

PW127E/F/M and PW150A Ray Marquess [email protected] +1 (704) 504-9204

PW121, PW123, PW124B, PW125B, Now - Sale / Lease Magellan Aviation Group

August 18, 2014

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THEAIRCRAFTANDENGINEMARKETPLACE Page 4 of 4

Contact Email Phone

PW100s (all models) Now - Sale / Lease Lufthansa Technik AERO Alzey Kai Ebach [email protected] +49-6731-497-368

(5) PW150A (also Pooling available) Now - Lease

Contact Email Phone

(1) PW2037 Now - Sale / Lease Fortress Investment Group Thomas Garbaccio [email protected] +1 212-497-2917

(1) PW2040 Now - Sale / Lease

(2) PW2037M Now - Sale Aerolease Tim Corley [email protected] +1 360 8709172

(1) PW2040 Now - Sale / Lease GA Telesis Eddo Weijer [email protected] +1-954-676-3111

( ) S / @

Sale / Lease

Commerical Engines (cont.)

CompanyPW2000 Engines

PW Small Engines (cont.) Sale / Lease Company

August 18, 2014

(3) PW2037 Now - Sale / Exchange AeroTurbine Elizabeth Peters [email protected] +1 786 925 8517

Contact Email Phone

(3) PW4056-1 Now - Sale/Lease/Exch. GA Telesis Eddo Weijer [email protected] +1-954-676-3111

(4) PW4056/60/62 Now - Sale / Lease Bill Polyi / T. Leimkuhler [email protected] +1 (704) 504-9204

(1) PW4060-3 Dec 14 - Sale / Lease Royal Aero Frank Rustmeier [email protected] +49 (0)8025 99360

(1) PW4056-3 Now - Sale / Lease Fortress Investment Group Thomas Garbaccio [email protected] +1 212-497-2917

(1) PW4060-3 Now - Sale / Lease

(1) PW4060-1 CN Now - Lease AeroTurbine Elizabeth Peters [email protected] +1 786 925 8517

(1) PW4060-1 CN Now - Sale / Exchange

(1) PW4056-1C Now - Sale / Exchange

PW4000 Engines

Magellan Aviation Group

Sale / Lease Company

( ) g

(1) PW4062-3 Now - Lease

(2) PW4056-3 Now - Sale / Lease AerSale. Inc. Matthew White [email protected] +353 1475 3005

(1) PW4056-1C Now - Sale/Lease/Exch.

(1) PW4056-1 Now - Sale/Lease/Exch.

(1) PW4062-3 Now - Sale / Lease

(1) PW4060-3 Now - Sale / Lease

(3) PW4168A Now - Sale/Lease/Exch. TES Aviation Group Lee Whitehurst [email protected] + 44 (0) 7760 884250

(1) PW4060 Q1/2015 - Lease ORIX Aviation Paul O'Dwyer paul.o'[email protected] +353 863 822 960

(1) PW4062 Now - Lease Willis Lease Ann Lee [email protected] +1 (415) 408 4769

(1) PW4060 Now - Lease(1) PW4060 Now Lease

(2) PW4168A Now - Lease

(1) PW4168A Now - Sale / Lease Engine Lease Finance Joe Hussar [email protected] +1 (617)828-3569

Contact Email Phone

(1) RB211-535E4 Now - Sale/Lease MBA Aircraft Solutions Jacob Agnew [email protected] +1 703.276.3202

(1) RB211-524 Now - Sale / Lease AerSale. Inc. Matthew White [email protected] +353 1475 3005

(1) RB211-535E4 Now - Sale / Lease

(2) RB211-535E4B Now - Sale / Lease GA Telesis Stefanie Jung [email protected] +1 954-958-1321

(1) RB211-535E4 Now - Sale / Lease Fortress Investment Group Thomas Garbaccio [email protected] +1 212-497-2917

(2) RB211-535E4 /12B Now - Sale/Lease/Exch. TES Aviation Group Lee Whitehurst [email protected] + 44 (0) 7760 884250

Contact Email Phone

RB211 Engines

Trent Engines

Sale / Lease

Sale / Lease Company

Company

Contact Email Phone

(2) Trent 800 Now - Sale / Lease GA Telesis Eddo Weijer [email protected] +1-954-676-3111

(1) Trent 884-17 Now - Sale / Lease Apollo Aviation Group Erik Castillo [email protected] +1 (305) 579-2340

Contact Email Phone

(multiple) Tay 650-15 Now - Sale / Lease Jet Midwest Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

Contact Email Phone

(1) V2527-A5 Now - Lease Willis Lease Ann Lee [email protected] +1 (415) 408 4769

(1) V2533-A5 Now - Lease

1) V2533-A5 w/QEC Now - Lease Rolls-Royce & Partners Finance Bobby Janagan [email protected] +44 20 7227 9078

(1) V2527-A5 w/QEC Now - Lease

Tay Engines

Trent Engines

Sale / LeaseV2500 Engines

Sale / Lease

Sale / Lease Company

Company

Company

(1) V2533-A5 Now - Sale/Lease/Exch. Werner Aero Services Cliff Topham [email protected] +1-703-402-7430

(1) V2527-A5 Now - Lease Engine Lease Finance Joe Hussar [email protected] +1 617 828-3569

(1) V2533-A5 Now - Sale / Lease

Description Contact Email Phone

QEC for CFM56-5A1 Now - Sale TrueAero, LLC Raul Miro/Dave Walters [email protected] +1 772-925-8026

A320 Fresh Part-out Now - Sale

737-500 Fresh Part-out Now - Sale

Now - Lease Willis Lease Ann Lee alee@willislease com +1 (415) 408 4769

Aircraft and Engine Parts, Components and Misc. Equipment

APU (2) GTCP 131-9B

Company

Now - Lease Willis Lease Ann Lee [email protected] +1 (415) 408 4769

Now - Sale Stands on Demand Yexceld Perez [email protected] +1 305-558-8973

Now - Sale / Lease Jet Midwest Kevin Lee / Cathy Liu [email protected] +1 310 652 0296

Now - Sale / Lease Werner Aero Services Christopher Farrell [email protected] +1 201-661-6819

Now - Sale / Lease

Now - Sale Tradewinds Engine Serv. Brad Pleimann [email protected] +1 954 421 2510

Now - Sale

Now – Lease

Reliance Aircraft Terry Hix [email protected] +1 512-439-6988

(1) PW901A Now - Lease LHT AERO Alzey Kai Ebach [email protected] +49-6731-497-368

APU (2) GTCP 131-9B

APU 3800298-1-2 (B767)

B747 Windshield access stand P/N AGSE-M114

737-800 NOSE LANDING GEAR PN 162A1100-5, OH - Now Sale

1 V2500 QEC kit, p/n 745k9001-46

GTCP131-9A (P/N 3800708-1)

CFM56-5B/5C/7B and V2500-A5 engine stands

CFM56-7B Evol. LPT mod. Ass. 338-092-319-0

GTCP36-300A (P/N 3800278-4)

GTCP131-9B, PW901, (2) GTCP36-300, Now - Sale/Lease/Exch. Aeroturbine Rodney Lee [email protected] +1 972-813-1176

GTCP131-9A, (2) RE220RJ, GTCP331-350C, APS3200

August 18, 2014