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USA Aviation Industry Newsletter 9 April

USA Aviation Industry Newsletter 9 April

AAR Signs Component Repair, License & Parts Supply Agreements with Honeywell

AAR has signed a long-term Repair and Overhaul License agreement along with a Parts Supply agreement with Honeywell Aerospace. AAR will be providing repairs of over 1,800 Honeywell base part number and line replacements unit (LRU) repair items in AAR’s New York and Amsterdam component repair shops. To support those component repairs, AAR will source over 4,000 material supply piece part items from Honeywell who will also provide repair and overhaul of LRUs to support AAR’s growing flight-hour component support programs for airline fleets worldwide. The agreement covers various platforms including pneumatics, hydraulics, and power generation for Boeing, Airbus and regional commercial fleet types.

Allegiant to borrow up to US$81 million; may use A320 as collateral

Allegiant Travel Company, via a wholly owned subsidiary, amended its senior secured revolving credit facility under which it will now be able to borrow up to US$81.0 million based on the value of A320 Family aircraft which it may choose to place in the collateral pool for up to two years. The proceeds from any drawdowns will be used for general corporate purposes.

American Airlines Expands Boeing 787 Fleet

American Airlines announced 6 April an order for 47 new Boeing 787 widebody aircraft consisting of 22 787-8s scheduled to begin arriving in 2020 and 25 787-9s scheduled to begin arriving in 2023. The 787-8s will replace American’s Boeing 767-300s, while later 787-9 deliveries will replace Airbus A330-300s and older 777-200 widebody aircraft. The entire order of new 787s will be powered with General Electric’s GEnx-1B engines.

Boeing, Air Lease Corporation Sign Order for Eight 737 MAX Airplanes

Boeing and Air Lease Corporation (ALC) announced 3 April they have finalized an order for eight more 737 MAX 8 airplanes, valued at $936.8 million at list prices. This new order raises ALC’s total 737 MAX orders to 138.

Boeing Expands Services Engagement in Latin America with GOL Airlines and Aeromexico

Boeing announced 4 April the expansion of its commercial services capability in Latin America with new customer orders from GOL Airlines to use Boeing’s Airplane Health Management for its 737 MAX fleet and from Aeromexico to use Boeing’s landing gear exchange program for its 787 fleet. These announcements demonstrate the tremendous potential for services growth in this rapidly expanding region.

Boeing, Jet Airways Announce New Order for 75 737 MAX Airplanes

Boeing and Jet Airways announced 4 April a new order for 75 737 MAX airplanes as India’s premier international airline looks to the new and improved 737 jet to power its future growth. Jet Airways is set to take direct delivery of its first MAX airplane later this year.

Bombardier and PSA Airlines Extend Heavy Maintenance Agreement for the Airline’s Fleet of CRJ Series Aircraft

Bombardier Commercial Aircraft announced 5 April that Bombardier Services Corporation and PSA Airlines, Inc. (PSA Airlines) of Vandalia, Ohio recently signed a three-year extension to the parties’ heavy maintenance agreement. Under this contract, heavy maintenance tasks for the airline’s fleet of Bombardier CRJ200, CRJ700 and CRJ900 aircraft will be performed at Bombardier’s West Virginia Air Center. Bombardier has conducted heavy maintenance for PSA Airlines since 2005.

JetBlue Selects Pratt & Whitney Geared Turbofan™ (GTF) Engines for Its Airbus A320neo Family of Aircraft

JetBlue announced 5 April it has amended and restated its 2012 order for the purchase and exclusive maintenance of Pratt & Whitney GTF engines. Under the terms of the agreement, the GTF engine will now power JetBlue’s total fleet of 85 Airbus A320neo family aircraft – 40 aircraft previously awarded in 2012 and now 45 additional aircraft, as well as 13 spare PW1100G-JM engines. The agreement also covers exclusive maintenance for JetBlue’s fleet of 85 A320neo family aircraft, which are scheduled for delivery beginning in 2019.

Spirit AeroSystems Celebrates Fabrication Center of Excellence Grand Opening at McAlester, Okla., Site

Spirit AeroSystems announced 4 April unveiled its second center of excellence focusing on the fabrication of complex commercial and military aircraft parts. The facility, located at the company’s McAlester, Okla., site, will support current customer contracts while accommodating new work in the global aerostructures market.

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