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North American Newsletter 20 July

North American Newsletter 20 July

Aircastle Announces Organization Changes

Aircastle Limited announced the promotion and appointment of Dane Silverman, as Chief Accounting Officer. Jim Connelly, the prior Chief Accounting Officer will take on a new role as SVP ESG and Corporate Communications. Frank Constantinople, SVP Investor Relations, has decided that he intends to retire at the end of October 2021.

Canada Jetlines Announces $5 Million Private Placement

Canada Jetlines Operations L announced that it intends to undertake a non-brokered private placement to raise up to $5.0 million. The Company intends to use the net proceeds of the Offering to advance the Canadian airline licensing process and for general corporate and working capital purposes.

Delta to add Airbus, Boeing aircraft to fleet amid travel demand recovery

Delta has entered into agreements to add 29 used Boeing 737-900ERs and lease seven used Airbus A350-900s as it continues to streamline and modernize its fleet. The 36 additional aircraft will improve fuel efficiency and enhance the customer experience, while supporting Delta’s fleet renewal strategy focused on simplification, scale, size and sustainability.“These aircraft are an investment in Delta’s future,” said Delta CEO Ed Bastian. “As we look past the pandemic, Delta’s disciplined, innovative approach to fleet renewal positions us for growth as travel demand returns, while enhancing the customer experience and supporting our sustainability commitments.”

Embraer and CommutAir Announce Pool Program Agreement

Embraer has signed a long-term Pool Program agreement with CommutAir, a United Express carrier, to support the airline’s ERJ 145 jet fleet. This new contract includes full repair coverage for components and parts, as well as access to a large stock of components at Embraer’s distribution center in Fort Lauderdale, Florida. CommutAir now maintains the largest ERJ 145 fleet in the world, recently becoming the sole regional partner to operate the ERJ145 for United Airlines.

Global Crossing Airlines Signs for Fourth A320 Passenger Aircraft

Global Crossing Airlines Group Inc announced the signing of an operating lease for its fourth passenger aircraft, an Airbus A320-214. The Aircraft, the first from Irish-based lessor Genesis, is expected to be delivered to GlobalX in October 2021. The Aircraft will join the fleet after receipt of final DOT and FAA approvals.

Pratt & Whitney Canada Advances Sustainable Hybrid-Electric Propulsion Technology, Contributing to Canada’s Green Recovery Plan

Pratt & Whitney Canada (P&WC) announced plans to advance its hybrid-electric propulsion technology and flight demonstrator program as part of a $163M CAD investment, supported by the governments of Canada and Quebec. The new hybrid-electric propulsion technology will drive significant improvements in aircraft efficiency by optimizing performance across the different phases of flight, allowing the demonstrator to target a 30% reduction in fuel burn and CO2 emissions, compared to a modern regional turboprop airliner. P&WC is working with De Havilland Aircraft of Canada Limited (De Havilland Canada) to integrate this hybrid-electric technology into a De Havilland Canada Dash 8-100 flight demonstrator.

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