14 Sep 2020

North American Newsletter 14 September

ASM Announces its New Status as an FAA ODA Designee Aircraft Systems and Manufacturing, Inc. (ASM) announced that it has achieved FAA Organization Designation Authorization (ODA) after completing the extensive application and preparatory effort coordinated through the FAA’s Delegation Systems Certification Office. This appointment allows ASM’s ODA unit to conduct an array of aircraft design certification functions and approvals typically provided by the FAA. ATSG Airline to Operate Six More 767 Freighters for Amazon Air Air Transport Services Group announced that ATSG will operate six more Boeing 767 freighters on behalf of Amazon Air under an existing CMI (Crew, Maintenance and Insurance) agreement with ATSG’s subsidiary, Airborne Global Solutions. This commitment from Amazon applies to the first six of the twelve 767 freighters that Amazon agreed in May to lease from ATSG’s Cargo Aircraft Management (CAM) subsidiary by the end of 2021, each lease having a ten-year term. The first of the six CAM-leased aircraft began operation for Amazon Air in 2020 and the remaining five CAM-leased aircraft will begin operation in 2021. Global Crossing Announces Plans for Spin-Out of Canada Jetlines Operations Global Crossing Airlines Inc announced its intention to spin-out its 100% owned Canada Jetlines Operations Ltd. subsidiary to an existing shell company and renaming it Canada Jetlines Vacations ("CJV"). Subject to concluding satisfactory terms, GlobalX intends to provide CJV with aircraft and crews to fly Vacation charters to Florida, Atlantic City and the Caribbean. GlobalX will retain a controlling interest in CJV and is evaluating distributing this residual ownership interest in CJV to its shareholders on a pro-rata basis. JetBlue Adds Two Dozen New Routes in Markets with Strengthened Demand Potential JetBlue announced it will launch 24 new routes later this year aimed at immediately generating cash and capturing traffic on a variety of new, nonstop routes. Each route selected plays to JetBlue’s strengths in the airline’s focus cities, in Florida, in Latin American and the Caribbean or on cross-country – or transcontinental – flying. Every market has been uniquely identified as one in which JetBlue anticipates increasing demand for leisure travel. Scott Laurence, head of revenue and planning, JetBlue said “This is the latest example of JetBlue’s ability to be nimble and play offense as we quickly adjust to new customer behaviors and booking patterns. This latest series of new routes – even in the current environment – advances our revised network strategy, returns more aircraft to the skies and doubles down on our ability to generate more cash sooner. Monocle Acquisition and AerSale Announce Revised Merger Agreement Monocle Acquisition Corporation and AerSale announced that they have entered into a revised agreement to merge in a transaction with a fully diluted enterprise value of approximately $300 million, equating to approximately 5.5x AerSale's forecasted 2021 Adjusted EBITDA. The combined company will be named AerSale Corporation and is expected to be publicly traded on the Nasdaq Stock Market. The parties anticipate closing the transaction early in the fourth quarter, after receipt of shareholder approval. The revised merger agreement is supported by AerSale's current owners – Leonard Green & Partners, Florida Growth Fund LLC and the Company's two founders – and was unanimously approved by the boards of directors of both Monocle and AerSale. Transport Canada Extends Approvals for De Havilland Canada Dash 8 Simplified Package Freighters De Havilland Canada that Transport Canada has confirmed the extension of approvals that permit the conversion of Dash 8 Series aircraft into Simplified Package Freighters (SPF) in response to the COVID-19 pandemic. The approvals which now extend to July 31, 2021, will allow for continued flexibility in the transportation of goods in the framework of the COVID-19 pandemic. 21 Air entered into a sub-service partnership agreement with AELF and Maleth Aero Air Cargo carrier has entered into a long-term sub-service partnership agreement with AELF and Maleth Aero to begin charter operations with two (2) A330-200 aircraft in September 2020. Roy Linkner,21 Air’s Chief Commercial Officer said  “21 Air continues to expand its service capabilities to appeal to a wider group of shippers and freight forwarders. Adding these two Airbus A330-200 Auxiliary Freighters increases capacity and network reach, including ETOPS & worldwide operations, during a time when air cargo demand has shifted a larger share to all-cargo aircraft”

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