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North America Newsletter 19 March

North America Newsletter 19 March

AAR earns JCAB approval to expand services to Japanese airlines

AAR has received approval from the Japan Civil Aviation Bureau (JCAB) to serve Japanese airlines that require repair stations to provide JCAB-authorized release certificates. This new certification will expand AAR’s Japanese customer base and further strengthen the company’s position in Asia. AAR Aircraft Component Services (ACS) has this certification now in addition to FAA, EASA and CAAC.

Air Lease Corporation Announces Delivery of Airbus A320-200neo Aircraft with Air New Zealand

Air Lease Corporation announced 11 March the delivery of one new Airbus A320-200neo aircraft on long-term lease to Air New Zealand. Featuring Pratt & Whitney PW1127G engines, this aircraft is the first of two A320-200neos confirmed to deliver the airline in 2019 from ALC’s order book with Airbus.

Delta TechOps partnership continues to benefit Trent 1000 programme

A new Engine Change Service agreement with Delta TechOps is set to benefit the Trent 1000 programme. Delta TechOps joins a growing number of partners who support Rolls-Royce in delivering the Engine Change Service, where Rolls-Royce acts as a one-stop shop to organise labour, parts and/or tooling for any Trent engine change event. The Delta TechOps team will support engine changes for Trent 1000, Trent 7000 and Trent XWB engines in the Americas.

ExpressJet Airlines, a United Express Carrier, and IAM Reach Tentative Agreement Covering Flight Attendants

ExpressJet Airlines announced 18 March that it has reached a tentative agreement with the International Association of Machinists and Aerospace Workers (IAM) for a four-year contract covering the company’s more than 650 flight attendants. The agreement, upon ratification, will unite employees currently covered by two separate agreements into a single workgroup, providing flight attendants the flexibility to work any aircraft across the ExpressJet (XJT) network.

FedEx Corporation Announces Appointment of Don Colleran as President and CEO of FedEx Express

FedEx Corp. announced 16 March that Don Colleran has been appointed president and chief executive officer of FedEx Express with immediate effect. Colleran has been with FedEx for almost 30 years, holding various executive level positions in several operating companies and international regions.

Fitch Affirms JetBlue at ‘BB’; Outlook Positive

Fitch Ratings has affirmed JetBlue’s (JBLU) Issuer Default Rating (IDR) at ‘BB’. The Rating Outlook is Positive. The rating reflects JetBlue’s strong credit metrics, consistent profitability, the expected reduction in unit cost growth rates and its solid financial flexibility. The rating is also supported by JBLU’s meaningful debt reduction over the past few years and its continued commitment to a healthy balance sheet. Fitch has also upgraded JetBlue’s 2013-1 class A certificates to ‘A+’ from ‘A’.

Silver Airways Appoints Pedro Motta Senior Vice President Commercial to Lead Airline’s Continued Growth and Expansion Throughout Florida, Bahamas, Caribbean and Beyond

Silver Airways has appointed Pedro Motta as Senior Vice President of Commercial to lead the airline’s continued growth and expansion throughout Florida, the Bahamas, Caribbean and beyond. As Senior Vice President of Commercial, Motta is responsible for leading all aspects of pricing and yield management; flight scheduling and network development; marketing, sales and advertising; and other areas for both Silver Airways and Seaborne Airlines, including recently added product lines such as cargo and charter operations.

StandardAero Receives EASA Certification for Fleetlands U.K. TFE731 Engine MRO Facility

One year after announcing its agreement with Honeywell to serve as the only authorized TFE731 heavy engine maintenance facility located in the Europe, Middle East, Africa and India (EMEAI) region, StandardAero’s Fleetlands, U.K., facility has also been granted European Aviation Safety Agency (EASA) certification by the U.K. Civil Aviation Authority. The EASA approval follows Honeywell’s certification of the Fleetlands’ test cell earlier this month.

Willis Lease Finance Corporation Reports Record Annual Pre-tax Profit of $56.3 Million

Willis Lease Finance Corporation reported 13 March a record annual pre-tax profit of $56.3 million, from $36.0 million in 2017, including record total revenues of $348.3 million. The Company’s 2018 pretax results were driven by continued revenue growth in the core leasing business and an increase in spare parts and equipment sales. Aggregate lease rent and maintenance reserve revenues of $262.6 million were driven by high utilization of a lease portfolio that grew 24.6% to $1.673 billion at year-end.

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