20 Mar 2018

USA Aviation Industry Newsletter 20 March

AEI Announces Order for 2 MD-83SFs for Everts Air Cargo Aeronautical Engineers, Inc. (AEI) announced 8 March it has signed a contract to provide Fairbanks, Alaska-based Everts Air Cargo with two MD-83SF series freighter conversions. The first MD-83 (MSN 53471) will commence modification on April 4th, 2018 and will be re-delivered in the beginning of August 2018. Immediately following, the second MD-83 (MSN TBD) modification will commence, and is scheduled for re-delivery to Everts in December 2018. Both modifications will be performed by Commercial Jet’s Dothan, Alabama facility. Airlines for America Forecasts 151 Million Flyers for Record-High Spring Travel Season Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, expects an all-time high of 150.7 million passengers – 2.47 million per day – to fly globally on U.S. airlines between March 1 and April 30, a four percent increase from 145 million passengers in the spring of 2017. To prepare for the expected increase, which averages 94,000 additional passengers per day, airlines are adding 114,000 seats per day across their networks. Boeing, Turkish Airlines Finalize Deal for Up to 30 787 Dreamliners Boeing and Turkish Airlines announced they have finalized a firm order for 25 787-9 Dreamliners with options for five more airplanes. The firm order will allow Turkey's flag carrier to further meet the growing demand at its home airport, Istanbul's third airport, and improve the flying experience for passengers. Sun Country Airlines Announces 7 New Summer Routes Sun Country Airlines announced 7 March the addition of seven new routes to its growing network. Flights are available in time for the summer vacation season. With these new routes, Sun Country offers a total of 50 nonstop routes throughout the year. Willis Lease Finance Corporation Reports 50% Growth in Annual Pre-Tax Profit to $36.0 Million Willis Lease Finance Corporation reported 50.4% growth in annual pre-tax income to $36.0 million, from $23.9 million in 2016, and recorded total revenues of $274.8 million. The Company’s 2017 pretax results were driven by solid revenue growth in the core leasing business and a significant increase in spare parts and equipment sales. Aggregate lease rent and maintenance reserve revenues of $210.6 million were driven by a 90% average utilization of a lease portfolio that grew 18.1% to $1.34 billion at year-end. Spare parts and equipment sales grew 189% on a year over year basis. Acumen Aviation © 20 March All Rights Reserved.