IATA Maintenance Cost Conference The financial impact of extending or reducing a lease. 24 September 2015 Miami, Florida
|
|
- Wilfrid Kelly
- 6 years ago
- Views:
Transcription
1 IATA Maintenance Cost Conference The financial impact of extending or reducing a lease 24 September 2015 Miami, Florida
2 Index Introduction SGI Aviation Leasing landscape Maintenance reserves Effects on maintenance cost - Extending or reducing the lease term - Engine maintenance cost - Other cost Conclusions Questions 1
3 SGI Aviation Who are we? SGI Americas Technical services Engine services SGI Amsterdam Asset management Aircraft & Engine technical services Business jets Consulting Regulatory services 37% Airlines Client base 150+ Management 63% Lessors & financiers Services Technical services Engine management Asset management Consulting services 2014 Engagements SGI Singapore Aircraft & Engine technical services Business jets 25+ aircraft under management Annual Pre purchase Valuation Redeliveries SGI has offices located in Amsterdam, Singapore, Guernsey and New York. 45+ Over 45 experts, located on almost all continents 15 Local experts in 15 countries who speak the language & know the culture 100+ More than 100 inspections performed, including 40 aircraft redeliveries in Over 150 engines inspections, including management of 20 shop visits 7,500 More than 7,500 inspection days performed in
4 Index Introduction SGI Aviation Leasing landscape Maintenance reserves Effects on maintenance cost - Extending or reducing the lease term - Engine maintenance cost - Other cost Conclusions Questions 3
5 Initial lease term The lease term has increased slowly, on average, over the last two decades Duration (years) Initial lease term world fleet average lease term 6,2 5,9 5,7 5,6 4,8 4,8 4,7 6,2 5,4 5,5 +3% 5,7 6,4 5,6 6,1 5,7 5,7 6,8 7,3 7,3 9,0 Initial lease terms have varied greatly over the years Overall the term has increased slightly in the last two decades Airlines are more risk averse, usually opting for a shorter lease term Lessors prefer a longer lease term, lowering remarketing and associated movement cost 2 1 The historical average duration for the first lease for the world fleet is roughly 6 years Source: Ascend database 4
6 Different lease terms Wide body aircraft typically have longer lease terms American Airlines 11.9 years Emirates Airline 10.1 years Air China 12.0 years Singapore Airlines 8.7 years easyjet 8.1 years Ryanair 7.0 years AirAsia 5.3 years Leased aircraft Aircraft type Average of lease period (year) Leased amount Year of first delivery A A A (NG) A A A A Source: Ascend database Note: Situation as of 01 September
7 Average lease rates Lease rates largely depend on supply and demand and also follow macro economic developments During times of aircraft shortages, lease terms and lease rates will increase This is further influenced by global GDP growth Airlines may not always be in a position to negotiate the lease term that best fits their operation The large fluctuations in lease rates may also result in airlines having pay an additional premium when extending the lease term Lease rate US$ x (1000) Tech bubble, 9/11 Ryanair order Hurricane Katrina Fuel price spike Economic crisis Announcement of A320 NEO Monthly lease rates 12% Airbus A Boeing CPI 11% 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% CPI Source: SGI Aviation internal database, Ascend database, World Bank 6
8 Lease term Airlines typically use a sophisticated decision making model to determine their requirements Negotiation the initial lease term and any possible extensions requires airlines to look at all influencing factors Operating cost (fuel) Aircraft Availability Lease rates AIRCRAFT LEASE Commercial requirements (new routes) Aircraft life cycle (upcoming maintenance) Upgrades/ Modifications Determining the effect of each influencing factor requires extensive knowledge and expertise, which airlines sometime lack Some elements can be determined relatively easily, whilst others are much more subjective The complexity of the lease agreement, associated maintenance reserve mechanisms and redelivery conditions make it difficult to determine the influence of major maintenance items The lease duration is typically centred around the major maintenance events 7
9 Index Introduction SGI Aviation Leasing landscape Maintenance reserves Effects on maintenance cost - Extending or reducing the lease term - Engine maintenance cost - Other cost Conclusions Questions 8
10 Maintenance reserves What are maintenance reserves? Maintenance reserves are a pro-rata distribution of cost over the maintenance interval, usable for the various operators of the aircraft Maintenance reserves are paid on a monthly basis and reduce the lessor s exposure to unfunded maintenance events in case of an airline bankruptcy Maintenance reserves accumulate over time and are reimbursed to the airline once the maintenance event has taken place - Reimbursement is limited to total accumulated maintenance reserves - Shortfalls are funded by the airline - Surplus is typically not returned to the airline Maintenance reserves cover all major maintenance events; airframe heavy check, LDG overhaul, overhaul and LLP replacements and engine performance restoration First operator Second operator Third operator Accumulated Maintenance Reserve 6 years check 9
11 Main elements How is it calculated? Maintenance Reserve Calculation Challenge Airframe heavy check Uncertainty over the heavy check cost. Cost can be difficult to predict if the equipment is mature, in aging aircraft programs or when checks are customized Landing gear Overhaul interval is typically calendar based or cycle based. Prediction is relatively accurate Engine performance restoration Performance restoration cost and mean time between removal is heavily dependent on the type of operation, operating environment and engine maturity LLP replacement Predictable, little to no uncertainty overhaul Overhaul cost and mean time between removal is dependent on type of operation and operating environment 10
12 Maintenance reserves How does this mechanism effect the airline? A320 CFM56-5B CFM56-7B Maintenanc e Reserve Event Cost Interval Full life Typical rate Maintenance Reserve Event Cost Interval Full life Typical rate 6Y Check $930, Mth $930,000 $12,917 12Y Check $730, Mth $730,000 $5,069 Nose Gear $145, Mth $145,000 $1,208 LH Gear $165, Mth $165,000 $1,375 RH Gear $165, Mth $165,000 $1,375 overhaul $260, HR $260,000 $52 Engine overhaul $2,900, FH $5,800,000 $232 Engine LLPs $2,981,014 Variable $5,962,028 Variable Source: SGI Aviation internal database Note: All figures are indicative Total maintenance value $12,524,028 8Y Check $550, Mth $550,000 $5,729 10Y Check $400, Mth $400,000 $3,333 12Y Check $600, Mth $600,000 $4,167 Nose Gear $103, Mth $103,000 $858 LH Gear $103, Mth $103,000 $858 RH Gear $103, Mth $103,000 $858 overhaul $257, HR $257,000 $51 Engine overhaul $2,700, FH $5,400,000 $200 Engine LLPs $2,901,860 Variable $5,803,720 Variable Total maintenance value $13,319,720 11
13 Index Introduction SGI Aviation Leasing landscape Maintenance reserves Effects on maintenance cost - Extending or reducing the lease term - Engine maintenance cost - Other cost Conclusions Questions 12
14 Typical redelivery condition (Narrow Body) Lease extensions provide the airline with the opportunity to re-negotiate redelivery conditions OTHERS Strict requirements on documentation and certification AIRFRAME Clear of all tasks not less than 24 months, 6,000 Flight Hours and 4,500 Cycles. No more than 2,000 Hours since last overhaul or heavy repair LANDING GEAR No less than 24 months or 2,000 FC remaining ENGINES & LLPs A minimum of 24 months, 6,000 flight hours and 4,500 cycle until the next Engine Performance Restoration At least 3,000 Flight Cycles remaining 13
15 Maintenance life cycle With an average lease term of 7.6 years, airlines are typically forced to perform an expensive engine shop visit US$ (x1000) Average lease term (7.6) Mandatory clearance period as per lease agreement C check 6Y check 12Y check LDG Engine RP Engine LLPs 6Y Check Engine Performance Restoration LDG 12Y Check Engine Performance Restoration Criteria: CFM56-5B equipped Assume the aircraft is operating 5 flight cycles per day Non equalized/escalated maintenance program (MPD) North American or European climate (non-harsh climate) Source: SGI Aviation internal database, industry data Note: All figures are indicative 14
16 Lease-extend scenario Extending 2-year lease term adds on, LDG and 12Y check cost US$ (x1000) Average lease term (7.6) 9.6 Mandatory clearance period as per lease agreement C check 6Y check 12Y check LDG Engine RP Engine LLPs Engine Performance Restoration Engine Performance Restoration 2 year increase in lease term Add-on cost - overhaul - LDG overhaul 12Y Check - 12Y-check Y Check LDG Source: SGI Aviation internal database, industry data Note: All figures are indicative 15
17 Maintenance life cycle With an average lease term of 9.9 years, airlines are typically forced to perform an expensive engine shop visit US$ (x1000) Average lease term (9.9) Mandatory clearance period as per lease agreement C check 8Y check LDG Engine RP Engine LLPs Engine Performance Restoration Engine Performance Restoration 8Y Check 8 9 LDG 10 Engine Performance Restoration Criteria: GE90-115B equipped Assume the 777 is operating 1.7 flight cycles per day Non equalized/escalated maintenance program (MPD) North American or European climate (non-harsh climate) Source: SGI Aviation internal database, industry data Note: All figures are indicative 16
18 Maintenance life cycle With an average lease term of 9.9 years, airlines are typically forced to perform an expensive engine shop visit US$ (x1000) Average lease term (9.9) C check 8Y check LDG Engine RP Engine LLPs Engine Performance Restoration Engine Performance Restoration 8Y Check Mandatory clearance period as per lease agreement Engine Performance Restoration 2 year reduction in lease term Possible additional cost for cabin refurbishment Reduced cost: - LDG overhaul - overhaul -C-check LDG Source: SGI Aviation internal database, industry data Note: All figures are indicative 17
19 Index Introduction SGI Aviation Leasing landscape Maintenance reserves Effects on maintenance cost - Extending or reducing the lease term - Engine maintenance cost - Other cost Conclusions Questions 18
20 Engine shop visit and LLP replacement Engine maintenance cost is the largest contributer to the overall maintenance cost A320 with CFM56-5B 13,500 18,800 FC 1 st SV 8,800 12,900 FC 2 nd SV A320 5B SV cost: $2.9 million (excl. LLP) Average period 1 st run: 8.9 year Average period 2 nd run: 5.9 year Life Cycles LLP Cost 15,000 20,000 FC 1 st SV 12,000-18,000 FC 2 nd SV 20,000 $1,502,580 25,000 $817, NG with CFM56-7B 30,000 $661, y 16y B737NG 7B SV cost: $2.7 million (excl. LLP) Average period 1 st run: 9.6 year Average period 2 nd run: 8.2 year LLP Life Cycles Cost 20,000 $1,768,660 25,000 $811,500 Source: SGI internal database, OEM data Note: Assumes the engines are set at 22k thrust rating and operating 5FC per day 30,000 $321,700 19
21 Index Introduction SGI Aviation Leasing landscape Maintenance reserves Effects on maintenance cost - Extending or reducing the lease term - Engine maintenance cost - Other cost Conclusions Questions 20
22 Cabin reconfiguration Aircraft cabin reconfigurations are costly and time consuming Engineering $370,000 LOPA change $80,000 Monument change (each) $30,000 CAM development $20,000 IFE database upgrade $100,000 Seats certification $20,000 Seats $3,876,500 Economy seats (each) $5,500 Business seats (each) $20,000 In-seat video (each) $6, Business-class seats 267 Economy-class seats A full reconfiguration can be anything from US$100,000 to several millions Interior parts $3,481,000 Full height monument restoration $280,000 Class divider kits (per pair) $50,000 PSU (each) $8,000 PSU spacer panels (each) $400 Standard sidewall panels (each) $5,000 Seat to seat cables (each) $600 Placards set $4,000 Miscellaneous $15,000 21
23 Other operational requirements There are many other cost drivers which should be taken into consideration $80,000 TCAS 7.1 EASA $240,000 FTIS 100%fleet FAA $400,000 FANS B+ EASA 2020 $100,000 ADS-B Out EASA 2021 Authorities continuously introduce new operational requirements and safety programs These may not be known at the start of the lease Lease agreements typically cover cost sharing for Airworthiness Directives Operational requirements may not always be mandated by an AD $80,000 TCAS 7.1 ICAO $150,000 SATCOM CAAC $100,000 ADS-B Out FAA These operational requirements may lead to additional modifications and cost Note: Cost per narrow body aircraft. 22
24 Index Introduction SGI Aviation Leasing landscape Maintenance reserves Effects on maintenance cost - Extending or reducing the lease term - Engine maintenance cost - Other cost Conclusions Questions 23
25 Summary Engine maintenance and modifications are main drivers in this process Engine Performance Restoration Engine Performance Restoration Operating cost (fuel) Lease rates AIRCRAFT LEASE Aircraft life cycle (upcoming maintenance) Y Check 6Y Check LDG Aircraft Availability Upgrades/ Modifications Commercial requirements (new routes) 24
26 Recommendations Each extension of the lease term will allow you to renegotiation certain terms Each situation is different and you should look at all the aspects Don t under estimate the complexity Develop or get in the expertise to analyze the complete situation Each change to the duration of the lease will require a revision to the contract Airlines should use this to their advantage Renegotiate restrictive redelivery conditions Include aircraft age (and its secondary market) The engines are the biggest contributor, so pay special attention to their performance and future shop visits Try to increase flexibility to cope with future changes 25
27 Index Introduction SGI Aviation Leasing landscape Maintenance reserves Effects on maintenance cost - Extending or reducing the lease term - Engine maintenance cost - Other cost Conclusions Questions 26
28 Questions? Joost Groenenboom Executive Director Airlines T F M jgroenenboom@sgiaviation.com Web: 27
C O L L A T E R A L V E R I F I C A T I O N S, L L C SPECIAL AIRCRAFT REPORT -BOMBARDIER CRJ-200LR- APRIL 2013
SPECIAL AIRCRAFT REPORT -BOMBARDIER CRJ-200LR- APRIL 2013 AIRCRAFT DATA AIRCRAFT MARKET SUMMARY The Current Market The current market demand for the Bombardier CRJ-200 has continued to remain somewhat
More informationRedelivery Management and Technical Aspects of Leases
currently be displayed. Redelivery Management and Technical Aspects of Leases Oisín Murray - Head of Technical and Asset Management Agenda Lease Agreement Technical Considerations Maintenance Overview
More informationValuation Implications of Aircraft Life Cycle. Bruce Burnett AVITAS June 8, 2015
Valuation Implications of Aircraft Life Cycle Bruce Burnett AVITAS June 8, 2015 Contents AVITAS Who Are We? Oil Prices Global Fleet Forecast Fleet Trends Parting Out Aircraft Market Demand Factors Future
More informationMID-AGE AIRCRAFT 2017 LEASE HIGH YIELD MID-AGE AIRCRAFT LEASE AND TECHNICAL RISKS
MID-AGE AIRCRAFT 2017 LEASE HIGH YIELD MID-AGE AIRCRAFT LEASE AND TECHNICAL RISKS TODAY S PRESENTER 2 TOMAS SIDLAUSKAS Vice President Sales & Member of the Management Board Joined the Group in 2013, is
More informationC O L L A T E R A L V E R I F I C A T I O N S, L L C SPECIAL AIRCRAFT REPORT -EMBRAER E190- APRIL 2016
SPECIAL AIRCRAFT REPORT -EMBRAER E190- APRIL 2016 AIRCRAFT DATA EMBRAER E190 (Fleet Breakdown) 23 EMBRAER E190 (Engine Breakdown) 56 496 In Service GE CF34 100.00% On Order Stored EMBRAER E190 Region Breakdown
More informationMaintenance Status & Asset Values A Lessor s Perspective. Maintenance Cost Conference
Maintenance Status & Asset Values A Lessor s Perspective Maintenance Cost Conference Presented By: Shannon Ackert Vice President, Commercial Operations Jackson Square Aviation October 20, 2011 Agenda 1.
More informationRisk Mapping Technical Services. Asset Management. Aircraft Valuations Analysis. Member of ISTAT UK CAA Approval No. UK.MG.
Asset Management Risk Mapping Technical Services Aircraft Valuations Analysis Market Intelligence P2F Advisory Member of ISTAT UK CAA Approval No. UK.MG.0622 www.iba.aero Established in 1988, IBA is a
More informationKey issues in Engine Leasing: The Lessor s perspective
Customized Competitive Air Finance Journal 19 September 2006, London Flexible Key issues in Engine Leasing: The Lessor s perspective Bruno Castola,Vice Vice-President Sales and Marketing,, SES Shannon
More informationRisk Mapping Technical Services. Asset Management. Aircraft Valuations Analysis. Member of ISTAT UK CAA Approval No. UK.MG.
Asset Management Risk Mapping Technical Services Aircraft Valuations Analysis Market Intelligence P2F Advisory Member of ISTAT UK CAA Approval No. UK.MG.0622 www.iba.aero Established in 1988, IBA is an
More informationE-RECORDS. Heading towards a Paperless operation SWARAN SIDHU - HEAD OF FLEET TECHNICAL MANAGEMENT
Heading towards a SWARAN SIDHU - HEAD OF FLEET TECHNICAL MANAGEMENT something about us Ambition > What we do: We are low-cost European point-to-point short-haul airline. > Where we do it: Intra-European
More informationEngines - Managing The Asset and Residual Values
Engines - Managing The Asset and Residual Values David Tokoph Vice President Valuations and Technical Analysis October 20,2011 washington frankfurt tokyo 1 Introduction About MBA Where the Value in Engines
More informationIntelligence Investment guidance. Managing aircraft. Delivering value Analysis. Member of ISTAT UK CAA Approval No. UK.MG.
Managing aircraft Intelligence Investment guidance Delivering value Analysis Technical expertise Operating globally Member of ISTAT UK CAA Approval No. UK.MG.0622 www.iba.aero Established in 1988, IBA
More informationBoeing Shanghai Overview BOEING SHANGHAI PROPRIETARY
Overview 2018 AGENDA Company Profile Organization & Facility Capability Customers Company Profile A Boeing led joint venture bringing a new standard of service into the MRO industry Boeing Shanghai Aviation
More informationDocumentation Issues and Initiatives
Documentation Issues and Initiatives Chris Markou Head, Operational Cost Management IATA, Safety and Flight Operations ASA Quality Committee Meeting June 12-14, 2017 About IATA (Intern l Air Transport
More informationCommercial offer on leasing out aircraft
Commercial offer on leasing out aircraft Aviation leasing company AIR CREDIT GROUP is ready to offer you four aircrafts - Boeing 767-224 with the engines CF6-80C2B4F in terms of operational or financial
More informationContinuing Airworthiness Management For Stakeholders
Commercial Aircraft Asset Management Continuing Airworthiness Management For Stakeholders Presented by Ben Jacques, Commercial Manager IBA Group Limited The first choice aviation consultancy Whenever and
More informationUpdate on IATA Activities Related to Paperless Aircraft Technical Operations
Update on IATA Activities Related to Paperless Aircraft Technical Operations Dragos Budeanu Manager, Paperless Ops IATA SFO Elli Margeirsson Manager, Ops Efficiency IATA SFO Aircraft (re)delivery documents
More informationLeaders in independent airworthiness management services. flyertech.com
Leaders in independent airworthiness management services / AIRWORTHINESS MANAGEMENT SERVICES. We are an independent Continuing Airworthiness Management Organisation. We are the world leaders in providing
More informationIATA Paperless Operations; Update
IATA Paperless Operations; Update Chris Markou, PhD, MBA Head, Operational Cost Management IATA, Safety and Flight Operations 2017 ATA e-business Forum About IATA (Intern l Air Transport Ass n) Represents
More informationDoric Aviation Day Going in for Landing
Doric Aviation Day Going in for Landing Content Summary of the Day Overview Aviation Advisory Asset Management & Remarketing The A380 Story Page 2 Summary of the Day Boeing Aviation, a growing market also
More informationPaperless Operations. Chris Markou Head, Operational Cost Management - IATA
Paperless Operations Chris Markou Head, Operational Cost Management - IATA Paperless Operations; Vision 2020 New Aircraft In-Service Aircraft Digitising of current paper systems is a transition phase towards
More informationFAA Technical Documentation Requirements
FAA Technical Documentation Requirements 1. A COMPLETED FAA Form 8130-6 or FAA Form 8130-1. The 8130-6 form is used to apply for a standard and special airworthiness certification, and the 8130-1 form
More informationAll aviation aspects where a valued support can combine the required high quality with cost saving.
After having worked for many years with airline operators and maintenance organizations, in 2007 a group of experts decided to leave their jobs and dedicate their time and experience to the achievement
More informationGuidelines for Life Limited Part (LLP) Movement History Sheet
Guidelines for Life Limited Part (LLP) Movement History Sheet 1. Background 1.1. History Transfer of LLPs between owners/operators has in the past caused issues and time consuming tasks. Operators have
More informationTransaction OverviewAirbus A
Transaction Overview The unique benefits of purchasing these aircrafts through us instead of the manufacturer directly are: We currently have 27 Airbus A320-214 manufactured in 2014 which are well below
More informationMRO Asia 2012 Market Forecast and Key Trends
MRO Asia 2012 Market Forecast and Key Trends Presented by: David Stewart Head of Aviation and Aerospace EMEA david.stewart@icfi.com AVIATION WEEK - MRO ASIA Singapore, November 2012 0 Today s Agenda Economic
More informationAir Transport Industry
Air Transport Industry Structure, Economics, Operations Northwestern University Transportation Center April 28, 2016 Peter L. Smith Context The Presenter BA Harvard, MST Northwestern, MBA Foster School
More informationKJT Investments A better business process, a better business outcome
A better business process, a better business outcome Stock photograph only, aircraft described below will vary 0 Airbus A0-4 Specification Summary KJT Investments Ltd., The Wharf, Midhurst, West Sussex,
More informationexecutive summary The global commercial aircraft fleet in service is expected to increase by 80% to 45,600 aircraft in 2033 including 37,900
executive summary The 2014 Flightglobal Fleet Forecast estimates that 36,820 new commercial jet and turboprop aircraft will be delivered into passenger and freighter airline service between 2014 and 2033.
More information1.6 M Manhours per year. 9 Heavy wide-body bays incl 3 A380 bays with paint facilities. More than 200,000 m 2 of apron & hangars
The Design, Engineering and Innovation team at Etihad Airways Engineering provides finest Innovations, Engineering and Production solutions to Etihad and customers from all over the world. Etihad Airways
More informationAIRBUS YOM 2015
AIRBUS 320-24 - YOM 205 AIRCRAFT TECHNICAL DATA Aircraft Type: Airbus A320-24 Engine Model: CFM56-5B4/P Date of Manufacture: 205 Noise Abatement Compliance: Stage III iaw. ICAO Annex 6 Interior Arrangement:
More information2014 Annual Results 1
1 2014 Annual Results Annual Results 2014 2013 Change HK$M HK$M Attributable profit 573 625-8.3% Revenue 11,927 7,387 +61.5% Earnings per share (HK$) 3.45 3.76-8.3% Total dividends per share (HK$) 2.10
More informationMore mobility for the world. Services for the Airbus A320. Family business NEW
More mobility for the world NEW Life cycle support Airbus A320neo Services for the Airbus A320 Family business The one-stop shop for a global family Aircraft from the A320 family amount to one-third of
More informationPaperless Aircraft Operations - IATA s Vision and Actions - Chris MARKOU IATA Operational Costs Management
Paperless Aircraft Operations - IATA s Vision and Actions - Chris MARKOU IATA Operational Costs Management IATA s Paperless Initiatives Passenger Reservations, Ticketing and Airport Processes e-ticketing
More informationAir Transport MRO & PMA Market Forecast and Key Trends
Air Transport MRO & PMA Market Forecast and Key Trends Presented by: Michael Howard, Principal ICF SH&E michael.howard@icfi.com Gorham PMA Parts & DER Repairs San Diego, March 2013 0 Today s Agenda MRO
More informationThe Design, Engineering and Innovation team is the primary provider of engineering services to Etihad Airways and the focal point of technical
The Design, Engineering and Innovation team is the primary provider of engineering services to Etihad Airways and the focal point of technical innovation for Etihad Airways and its equity partners. DESIGN
More informationMaintaining a success
More mobility for the world NEW Life cycle support Boeing 737 M AX Services for the Boeing 737 Maintaining a success Maximum support for the 737 The Boeing 737 is the the perfect example of how Lufthansa
More informationMarket Outlook. Michael Warner, Director Market Analysis. Boeing Commercial Airplanes October October 7 10, 2012 Atlanta, Georgia, USA
Market Outlook Michael Warner Director, Market Analysis Boeing Commercial Airplanes October 2012 Agenda Aviation environment Current products Product strategy & development 2012 719 net orders through
More informationAirlines costs management
Airlines costs management May 2016 Phil Seymour - CEO Paul Lyons - Strategy Director Housekeeping Your Participation Open and close your control panel Join audio: Choose Mic & Speakers to use VoIP Choose
More informationAerCap Holdings N.V. April 11, 2015
AerCap Holdings N.V. April 11, 2015 Disclaimer Incl. Forward Looking Statements & Safe Harbor This presentation contains certain statements, estimates and forecasts with respect to future performance and
More informationAbout BBAM. Dublin. Zurich
About BBAM BBAM is a leading player in commercial aircraft leasing, financing and management providing over 200 airline customers in more than 50 countries with fleet and financing solutions over its 20+
More information[Docket No. FAA ; Product Identifier 2018-NM-039-AD] AGENCY: Federal Aviation Administration (FAA), DOT.
This document is scheduled to be published in the Federal Register on 04/30/2018 and available online at https://federalregister.gov/d/2018-08757, and on FDsys.gov [4910-13-P] DEPARTMENT OF TRANSPORTATION
More informationRedelivery Considerations in Aircraft Operating Leases
Redelivery Considerations in Aircraft Operating Leases Guidelines and Best Practices to Ease Transferability of Aircraft By: Shannon Ackert Abstract A commercial aircraft operating lease sets forth processes
More informationPresentation to Engine Investor & Financier New York Roadshow. April 3 rd International Bureau of Aviation
International Bureau of Aviation Presentation to Engine Investor & Financier New York Roadshow April 3 rd 2007 Phil Seymour Managing Director IBA Group Limited Meadowcroft House 180 Balcombe Road Horley,
More informationAMAC Aerospace Switzerland AG Aircraft Maintenance Services Basel, Switzerland
AMAC Aerospace Switzerland AG Aircraft Maintenance Services Basel, Switzerland AMAC Hangars in Europe We have strategically stationed four state-of-the-art hangars in the heart of Europe at Switzerland
More informationQuiet Climb. 26 AERO First-Quarter 2003 January
Quiet Climb Boeing has developed the Quiet Climb System, an automated avionics feature for quiet procedures that involve thrust cutback after takeoff. By reducing and restoring thrust automatically, the
More informationAIRCRAFT FINANCE Review 2018/19
AIRCRAFT FINANCE Review 2018/19 Aircraft Finance Review 2018 final layout.indd 1 19/03/2018 11:02:48 REMARKETING OF AIRCRAFT COMING OFF LEASE BY PHIL SEYMOUR, IBA 2018 IS LIKELY TO BE A REPEAT OF 2017
More informationBECOME AN EASA QUALIFIED AIRCRAFT MAINTENANCE ENGINEER
BECOME AN EASA QUALIFIED AIRCRAFT MAINTENANCE ENGINEER Atlantic Aviation Institute is the EASA approved Part 147 Training Organisation of Atlantic Aviation Group BECOME AN EASA QUALIFIED AIRCRAFT MAINTENANCE
More informationE-RECORDS. Our Innovation journey - a Paperless operation SWARAN SIDHU - HEAD OF FLEET TECHNICAL MANAGEMENT
Our Innovation journey - a Paperless operation SWARAN SIDHU - HEAD OF FLEET TECHNICAL MANAGEMENT something about us > What we do: We are low-cost European point-to-point short-haul airline. > Where we
More informationMEMORANDUM FROM: SUBJECT: DATE: FEBRUARY 28, 2014
MEMORANDUM TO: FROM: SUBJECT: PROSPECTIVE CLIENTS AERO LAW GROUP PC 425-456-1800 http://www.law.aero MATTHEW D. CRAM crammd@law.aero TIME SHARING AGREEMENTS SMALL AIRCRAFT DATE: FEBRUARY 28, 2014 Time
More informationAn Engine Manufacturer View Air Finance Journal Financing & Investing in Engines Hamburg Roadshow
An Engine Manufacturer View Air Finance Journal Financing & Investing in Engines Hamburg Roadshow The information in this document is CFM Proprietary Information and is disclosed in confidence. It is the
More informationPresented by Michael Howard 28 October 2010 Las Vegas, Nevada
Presented by Michael Howard 28 October 2010 Las Vegas, Nevada MARPA 2010 Annual Conference Ann Arbor, Michigan Amersham, United Kingdom Singapore www.aerostrategy.com MARPA 2010 ANNUAL CONFERENCE AGENDA
More informationDornier OE-LIR MSN 3115
Dornier 328-100 OE-LIR MSN 3115 SPECIFICATION SUMMARY Manufacturer Date Current Hours Current Cycles 2000 24925 24253 Prepared by Matthias Miller, with best knowledge of 30th May 2017 CONTENTS 1 GENERAL...3
More informationAMAC Aerospace Switzerland AG Aircraft Maintenance Services Basel, Switzerland
AMAC Aerospace Switzerland AG Aircraft Maintenance Services Basel, Switzerland Customer Service and Support, 24/7 We respect your goal to have your aircraft back in the air with the shortest groundtime
More informationAir Canada Reconfiguration Case Study. HAECO Cabin Solutions A HAECO Group company.
1 Air Canada Reconfiguration Case Study HAECO Cabin Solutions A HAECO Group company. Introduction Air Canada is Canada's largest domestic and international airline serving more than 200 airports on six
More informationNext Generation of Aviation Professionals
TRAINING & FLIGHT SERVICES Next Generation of Aviation Professionals Workshop 1 March 2010 Hank Schaeffer Manager, MT Regulatory Affairs The Boeing Company Training and Flight Services BOEING is a trademark
More informationAMAC Aerospace Switzerland AG Aircraft Maintenance Services Basel, Switzerland
AMAC Aerospace Switzerland AG Aircraft Maintenance Services Basel, Switzerland AMAC Hangars in Europe We have strategically stationed four state-of-the-art hangars in the heart of Europe at Switzerland
More informationA320 maintenance cost analysis With the oldest A320s
38 I MAINTENANCE & ENGINEERING The A320 s success continues to accelerate and its customer base is widening. The oldest aircraft in the fleet have reached maturity. The aircraft has a well-earned reputation
More informationour view: the state of the usm market
quarterly newsletter 2017 Q2 our view: the state of the usm market Starting with the newsletter you have in your hands and airline customers. The shift is so significant or on your screen, we are changing
More informationGlobal Market Forecast
Presentation by: Bob Lange SVP, Market & Product Strategy Global Market Forecast 2013-2032 Drivers for Growth Topics The Market Today & forecast (GMF) Airbus product response Air travel has proved to be
More informationThales on the Civil Aerospace market
thalesgroup.com Innovation - Civil Aerospace - Defence Aerospace - Transportation - Defence - Security Thales on the Civil Aerospace market AT A GLANCE World n 1 in ATM, covering 40% of world s surface
More informationMr. Adel Al-Banwan Deputy CEO
The 8th Forum for Listed Companies and Analysts ALAFCO Aviation Lease and Finance Co. Mr. Adel Al-Banwan Deputy CEO (18 th April 2016) ALAFCO Aviation Lease and Finance Company K.S.C.P. ALAFCO Aviation
More informationTHE SHIFTING LANDSCAPE for THE MAINTENANCE, REPAIR AND OVERHAUL MARKET
MERGERS & ACQUISITIONS PRIVATE CAPITAL STRATEGIC ADVISORY THE SHIFTING LANDSCAPE for THE MAINTENANCE, REPAIR AND OVERHAUL MARKET Aerospace, Defense & Government Services Report The Shifting Landscape for
More informationAerCap Holdings N.V. Aengus Kelly, CEO. January 2017
AerCap Holdings N.V. Aengus Kelly, CEO January 2017 Industry Update Looking Back PASSENGER TRAFFIC GROWTH Air traffic growth in 2016 remained robust, short-haul at 5.6% and long-haul at 6.4% 1 CHINA SLOWING
More information2019 Airline Economics Growth Frontiers Dublin. Steven F. Udvar-Házy Executive Chairman
2019 Airline Economics Growth Frontiers Dublin Steven F. Udvar-Házy Executive Chairman January 21, 2019 Forward Looking Statements Statements in this presentation that are not historical facts are hereby
More informationGorham PMA Conference San Diego, CA March, 2016
Gorham PMA Conference San Diego, CA 21-23 March, 2016 Presented by: Michael J. Howard Principal ICF International mhoward@icfi.com PMA Forecast and Market Trends 0 Today s Agenda MRO Forecast Meet the
More informationAirline Services Interiors. Overview
Airline Services Interiors 1 Airline Services Group In the aviation business for nearly 30 years Now owned by LDC (part of Lloyds Banking Group plc) Significant managerial and operational changes New CEO,
More informationProviding industry leading aircraft maintenance and engineering solutions.
Providing industry leading aircraft maintenance and engineering solutions www.etihadengineering.com Etihad Airways Engineering offers industry leading aircraft maintenance and engineering solutions including
More informationExcellence in Helicopter Maintenance Services
Excellence in Helicopter Maintenance Services Our Mission To always keep you safe and missionready while reducing cost of ownership Excellence in Helicopter Maintenance Services Great people delivering
More informationCost Pressures Build On Component MRO
Lufthansa Technik New engineering solutions are one way to meet customers expectations about repair costs. MAINTENANCE, REPAIR & OVERHAUL > COMPONENTS Cost Pressures Build On Component MRO Component MRO
More informationWelcome! Bart Mak Owner and Principal Consultant at Mak Aircraft Engineering Services.
Bart Mak Owner and Principal Consultant at Mak Aircraft Engineering Services info@mak-aviation.com www.mak-aviation.com Welcome! 1 Personal Background Career start as helicopter mechanic apprentice Bristow
More informationAircraft Leasing in Latin America
Aircraft Leasing in Latin America Phil Seymour, CEO, IBA September 2016 How secure is your aircraft portfolio in the region? Latin America aircraft market size and scale How much movement is there for
More informationMarket Reports First Quarter 2016
Reports First Quarter 2016 Challenger 300/604/605 Hawker 800XP/850XP/900XP Phenom 100/300 Citation Mustang/CJ1/CJ1+/CJ2/CJ2+/CJ3/CJ4 Lear 45/45XR/60/60XR Beechjet 400A Hawker 400XP 1 WHO WE ARE Elliott
More informationJoe Randell President and Chief Executive Officer Jolene Mahody Executive Vice President and Chief Financial Officer
Joe Randell President and Chief Executive Officer Jolene Mahody Executive Vice President and Chief Financial Officer Nathalie Megann Vice President, Investor Relations and Corporate Affairs December, 2015
More informationCommercial Aero-Engine Market Analysis & Update
Commercial Aero-Engine Market Analysis & Update Aviation Week Network: Engine Leasing, Trading & Finance May 2-3, 2018: London, UK COMPANY INTRODUCTION Alton Aviation Consultancy is a boutique consulting
More informationAircraft General Specifications
Aircraft General Specifications Boeing Serial Number: 737-522 This document has been prepared on the basis of information as made available. It provides basic information to prospect clients and is neither
More informationThe Aviation Rulemaking Committee is changing. how airworthiness directives are developed and implemented.
The Aviation Rulemaking Committee is changing how airworthiness directives are developed and implemented. industry efforts to improve Airworthiness Directive implementation and Compliance The Airworthiness
More informationCOLOGNE HANOVER WEGBERG (DE) ERFURT (DE) PAFOS (CY) CITATION MAINTENANCE EXPERIENCE OF DECADES
COLOGNE HANOVER WEGBERG (DE) ERFURT (DE) PAFOS (CY) CITATION MAINTENANCE EXPERIENCE OF DECADES PART 145 WELCOME ON BOARD Constantly updating and improving our experience, striving for perfection and excellence,
More informationOverview on Aviation Industry and MRO&OEM in Thailand ----------------------------- Glot Sanalaksana Quality Assurance Department Civil Aviation Authority of Thailand August 2018 Air Traffic Demand Conditions
More informationThe Boeing Next-Generation 737 Family Productive, Progressive, Flexible, Familiar
Backgrounder Boeing Commercial Airplanes P.O. Box 3707 MC 21-70 Seattle, Washington 98124-2207 www.boeing.com The Boeing Next-Generation 737 Family Productive, Progressive, Flexible, Familiar The members
More informationCIVIL AVIATION PUBLICATION CAP 08 CERTIFICATE OF AIRWORTHINESS
CAP 08 CERTIFICATE OF AIRWORTHINESS INDEX This Page Intentionally Left Blank CAP 08 CERTIFICATE OF AIRWORTHINESS INDEX Section Title Page No. INDEX... i LIST OF ABBREVIATIONS... ii 1. INTRODUCTION... 1
More informationAirline Operating Costs Dr. Peter Belobaba
Airline Operating Costs Dr. Peter Belobaba Istanbul Technical University Air Transportation Management M.Sc. Program Network, Fleet and Schedule Strategic Planning Module 12: 30 March 2016 Lecture Outline
More informationE-Enabled Vision & Strategy
E-Enabled Vision & Strategy AIA /ATA/ ASD S1000D Users Forum October 12- October 15, 2009 Crown Plaza Hilton Head Resort, Hilton Head, SC, USA S1000D for Boeing 787 Freelon F. Hunter The Boeing Company
More informationRetirements and Inductions How are Fleet Demographics Changing?
Retirements and Inductions How are Fleet Demographics Changing? Aviation Week Network: Aero-Engines Americas February 1, 218: Fort Lauderdale, USA TODAY S AGENDA Historic Commercial Air Transport Fleet
More informationMRO Market Update & Industry Trends
January 25-26, 2017 Cancun, Mexico Presented by: Jonathan M. Berger Vice President ICF jberger@icf.com MRO Market Update & Industry Trends 0 Today s Agenda Fleet & MRO Forecast 2016: What a long strange
More informationClarifying Airline Rights in Maintenance IATA MCC meeting September 10 th 2014
Clarifying Airline Rights in Maintenance IATA MCC meeting September 10 th 2014 About HEICO HEICO Corporation is a rapidly growing aerospace and electronics company focused on niche markets and cost-saving
More informationCompany Presentation
Company Presentation CONTENTS 03 Welcome 04 Mission 05 Strategy 06 A Brief History 07 Approval & Scope of Design 14 Customer Examples 17 Cabin Branding Elements 19 Our Customers 20 Our Team 21 Contact
More informationMHT Technical Publications and Training
MHT Technical Publications and Training Turning Knowledge into Performance MHT IN A GLANCE MHT- Tech Pubs & Training Division of IAI IAI- Israel Aerospace Industries Employees: ~15,000 Engineers: ~5,500
More informationCOMPANY INTRODUCTION
COMPANY INTRODUCTION INTRODUCTION Global Aviation Partners, a unique international sales, marketing and service organization with a dedicated team of aviation professionals providing a range of services
More informationFinancing the Airlines Expansion. Liberalisation of Air Transport in Asia/Pacific Shanghai, China 25 May 2005
Financing the Airlines Expansion Liberalisation of Air Transport in Asia/Pacific Shanghai, China 25 May 2005 Contents 1. Asia/Pacific Market Overview 2. Business Cycle 3. Airlines Credit Rating vs. Funding
More informationMRO Trends: Airbus update
MRO Americas 2011 MRO Trends: Airbus update New Standards. Together. Presented by Chris Reamy, Director, Services Solutions & Strategy Airbus update on A380 in-service maintenance experience A350XWB maintenance
More informationComlux Completion: your center of excellence for VIP cabin completions
Comlux Completion: your center of excellence for VIP cabin completions Comlux Completion is one of the leading completion and service centers worldwide, offering customized solutions to create an interior
More informationRegional jet (RJ) freighters might
110 I FREIGHT BUSINESS The CRJ100/200 series is the only RJ type with active passenger-tofreighter conversion options. Key P-to-F feedstock selection criteria for these aircraft are considered here. Operators
More informationABOUT DUBLIN AEROSPACE
ABOUT DUBLIN AEROSPACE Dublin Aerospace is based at Dublin International Airport, Ireland. Our facility is over 22,000m2 and consists of 3 Hangars. We operate a 4 bay base maintenance facility that can
More informationGECAS T A K E F L I G H T. September 29, 2017 Not to be copied, distributed, or reproduced without prior approval.
GECAS T A K E F L I G H T September 29, 2017 Not to be copied, distributed, or reproduced without prior approval. GECAS 50 years of industry leading aviation services The longest track record of providing
More informationEngine Fleet Analysis & Evolution
Engine Fleet Analysis & Evolution May 2017 Richard Evans, Senior Consultant flightglobal.com/consultancy 1 FlightGlobal: Pioneering aviation insight and analytics business Part of a leading data solutions
More informationGlobal reach. AAR across the world. Old meets new KLM UK Engineering. Perfect storm Hurricane Maria recovery. Power play easyjet picks an engine
WWW.MROMANAGEMENT.COM MARCH 2018 VOLUME 20 ISSUE 1 20 CELEBRATING Global reach AAR across the world Perfect storm Hurricane Maria recovery Old meets new KLM UK Engineering Power play easyjet picks an engine
More informationNext Generation of Aviation Professionals
TRAINING & FLIGHT SERVICES Next Generation of Aviation Professionals Day 3 Panel 8 OEM s and Training 04 March 2010 Paul Niles Manager, MT Programs The Boeing Company Training and Flight Services BOEING
More informationTerms and conditions. Air Atlanta Icelandic
Terms and conditions Air Atlanta Icelandic Confair Introduction Our services & support Confair is a specialised recruiting agency which focuses entirely on aviation. In the past 20 years Confair has grown
More information