Air Tracker

Air Tracker February 9, 2018 Vol1 Ep19 Alisa Senderovic by Morten Beyer & Agnew

Good Morning, I'm today's host Lindsey Singleton. Jumping right in to deliveries. Alrosa Airlines (Russia) took delivery of one B737-700, serial 37088, leased from BOC Aviation · Aeromexico Connect took delivery of one E190, serial 19000251, leased from GECAS (US). · General Electric A380 engine venture with Pratt & Whitney may be poised to muscle back in on the double-decker jet following Airbus deal to sell 36 A380s to Emirates (UAE). · Aeronautical Engineers (US) delivered the 100th B737-400SF freighter conversion to ASL Aviation (Ireland). ASL currently has an additional four AEI B737-400SF freighters either currently undergoing conversion or scheduled for modification in 2018. · Air Lease Corporation (US) Executive Chairman warned of possible delays to deliveries of B737 MAX if LEAP-1B engines issues worsen. · Thai Airways International urged by the government to procure smaller aircraft to decrease operation and maintenance costs, in a bid to lower its debt and keep up with emerging LCCs. · Etihad (UAE) pulled its entire A330F fleet from service and placed the aircraft in storage, reportedly as part of its company-wide restructuring plan. · AerCap reports 4Q 2017 transactions, as follows: signed lease agreements for 46 aircraft; purchased 25 aircraft; executed sale transactions for 29 aircraft; signed financing transactions for US$1.7 billion; and exercised options with Airbus to purchase 50 A320neo Family aircraft, with deliveries starting from 2022. · ATR booked firm orders for 113 aircraft in 2017, along with 40 options. ATR delivered 80 aircraft, reached a book-to-bill ratio of 1.45, and secured a solid backlog representing three years of production. ATR also stabilized its annual turnover at US$ 1.8 billon. · Embraer announced the E190-E2 proved in flight tests to be 1.3% better than originally expected, which represents a 17.3% improvement when compared to the current generation E190, and nearly 10% better than its direct competitor. · Triumph Group (US) signed an agreement with Boeing to provide major structural assemblies for the B767 program, including the production of horizontal stabilizers, doors, aft fuselage and center wing sections. · Hawaiian Airlines (US) and Japan Airlines jointly applied for blanket statements of authorization from the US regulators to engage in codeshare operations for an indefinite period, effective 25 March 2018. · NIKI (Austria) founder Niki Lauda won the bidding for the airline he founded, convincing the insolvent carrier’s administrators in marathon talks and undoing an agreed deal with IAG (UK). · TrueAero (US) appointed Ian Nicholson as VP – Technical Operations, effective January 2nd, 2018. · Royal Air Maroc (Morocco) is making final adjustments to its new strategy, which includes doubling of the fleet and more long-haul services out of Casablanca. Carrier has four B787s arriving between December 2018 and March 2019, with four B737 MAX arriving between 2018 and June 2019. · Avolon (Ireland) is sheltered from problems facing parent HNA Group (China), but its credit profile would benefit from a guarantee that it would not be forced to bail out the group, ratings analysts said.

Hello everyone! My name is Benjamin I am an analyst with the asset valuation team here at mba. Let't take a look at whats going on in the industry. In fleet and deliveries Virgin Atlantic (UK) took delivery of one new B787-9 Brussels Airlines (Belgium) took delivery of one A320-200, leased from Avolon (Ireland). Scoot (Singapore) took delivery of one A320-200, leased from Pembroke Capital (Ireland). Copa Airlines (Panama) took delivery of one new B737-800. Norwegian Air UK took delivery of one new B787-9, leased from Avolon (Ireland). EasyJet Europe (Austria) took delivery of one A319, transferred from its parent, as well as one A320-200, leased from ICBC Leasing (China). BOC Aviation (Singapore) to lease seven A320neos to Chongqing Airlines (China), all scheduled for delivery in 2018. Today ATR announced a deal with Silver Airways for 20 new aircraft. 16 ATR-600s and four 72-600 aircraft. This marks the first time ATR-600 will be operated in the US. With orders from Silver Airways Fedex, Indigo and Iran air last year, ATR has garnered 113 firm orders in 2017, compared to 36 in 2016. The latest deal with Silver Airways is also significant to Nordic Aviation Capital as it will be the 100th new aircraft order placed by the leader in regional aircraft leasing. Airbus Helicopters announced its results for last year that saw orders fall in 2017 compared to 2016 with 350 orders at the end of the year compared to 388 last year. Deliveries were also down this year with 409 helicopters delivered compared to 418 in 2016. Despite this, Airbus still maintains its 50% market share of the civil and parapublic helicopter market. One segment that Airbus has particularly struggled with in the past year is its heavy twins in the civil market segment. The super puma has failed to garner new orders in the oil and gas industry after the bad publicity that followed a fatal crash in 2016. Despite this military orders for the Super Puma family of aircraft remain strong keeping the program alive while the offshore passenger transport industry is recovering In Airline and traffic news Iberia (Spain) to start A350-900 service to New York and London in August 2018. Gulf Air (Bahrain) to start B787-9 service from Bahrain to London Heathrow on 15 June 2018, replacing A330. Panama says TAP Air Portugal and Air Europa (Spain) are interested in opening service to the country. Air Greenland appointed acting CEO Jacob Sorensen as its new CEO TAP Air Portugal President Fernando Pinto says the cabin crew strike set for early February 2018 is “illegal”. Ryanair (Ireland) pilots in Spain have threatened to take ‘legal actions’ against the carrier over their employment rights if they do not meet with company representatives by next week. Air Berlin (Germany) creditors reportedly threaten a lawsuit of up to US$2.4 billion-dollarst against Etihad (UAE). Thank you for listening and we will see you again tomorrow for more news and updates.

Air Tracker February 8, 2018 Vol1 Ep18 Lindsey Webster by Morten Beyer & Agnew

Hi and Good Morning to all of our listeners out there. I'm Miguel Garza and here is your mba Air Tracker daily news for February 7th, 2018: In mba news: mba released a quarterly value update for its aircraft appraisal platform, REDBOOK. Exclusive aircraft market insights for Q1 2018 can be found on mba's company website under "insight series." In Deliveries and Transactions Aeroflot took delivery of one A321-200 Thai AirAsia took delivery of one A320neo Norwegian Air UK took delivery of one 787-9 Dreamliner Korean Airlines took delivery of one triple 7 300 Ethiopian Airlines took delivery of one A350-900 Vueling in Spain took delivery of an A320 from Goshawk Bangkok Airways ordered four ATR 72-600s from the 2018 Singapore Airshow with delivery scheduled between October 2018 and March 2019 In Earnings and Fundings Boeing Reports almost $1Billion inServices Orders at the 2-18 Singapore Airshow Bombardier foresees massive growth for the commercial aircraft market in the Asia-Pacific region with forecasts of the region taking delivery of 2,050 aircraft Airbus estimates that the MRO business is worth over $660 Billion over the next 20 years and expects the Asia MRO market to grow by 4.5% annually leading up to 2036. Lufthansa prepares for growing competition in the German market after the AirBerlin insolvency and expects a 10% increase in capacity. In other news Embraer is still waiting for a formal proposal from Boeing who has expressed interest in merging the manufacturers. In the US, more than 800 flights were cancelled on Tuesday in anticipation of a storm system forecasted to bring snow and ice to the Northeast and Ohio Valley The Commercial Aircraft Corporation of China pushes its targeted first delivery of its C919 single-aisle jet to 2021 SpaceX successfully launched the new Falcon Heavy Spacecraft, which is the world's most powerful operational vehicle with capabilities of lifting more than twice the payload of the next closes spacecraft - the Delta IV Heavy Thanks for listening and join us again next week for more daily aviation news!

Hi, everyone! My name is Emily and I am an Aviation Research Analyst here at MBA. Let’s take a look at what’s going on in the industry. In Fleet & Deliveries… United recieves one 787-9 VietJet takes delivery of one A321 Alaska Airlines (US) took delivery of one E170 operated by SkyWest (US). Chinese airline Shamen took delivery of one new B737-800 Hong Kong Airlines plans to take delivery of all its 21 A350s by 2020. Sundair has received two A320s on 5 year leases from LATAM Group. SCAT Airlines (Kazakhstan) ordered six 737 MAX 8s, with the first aircraft scheduled for delivery in March 2018. Aero Controls (US) began the dismantling of an ex-Thomas Cook A320 in Goodyear, Arizona for spare parts. Iberia (Spain) to take delivery of its first of 20 A320neos in May, and its first A350-900 in June 2018. Nordic Aviation Capital (Ireland) delivered one ATR72-500, to Aeronova (Spain) on lease. In Airline and Traffic News… JetSMART (Chile) started Santiago de Chile – Lima service on 15 January 2018, with A320. Evelop (Spain) to start new A330-300 service from Lisbon to San Jose in April 2018. Backbone Aviation (Denmark) announces suspension of operations, as it “failed” to execute its business plan. LATAM Argentina worker unions announced a strike on 19 January 2018 over a pay dispute. I'm emily,..thank you A passenger was removed from a British Airways flight for opting to wear rather than pack his clothes, all in an attempt to avoid the $125 baggage fee charged by the airline. The passenger was reportedly arrested after filming his questioning of the gate agent. The passenger then tried to return to London the following day via an EasyJet flight, but was removed by the captain who cited the incident the previous day. He eventually made it home on another airline.

Today in Fleet news… Emirates places an order for 20 A380, with options for 16 more, at a value of $16bn, securing production of Airbus' super jumbo jet for at least another decade. Network Aviation in Perth, Australia, is planning to add two ex-Jetstar Airways Airbus A320s to its fleet in March Conair Aviation agrees to purchase six Dash 8-400 from Bombardier, all in the firefighting configuration Iberia is set to receive its first A350-900 in June. This is the first of 16 of the aircraft type slated for delivery before 2021. Boliviana de Aviacion will incorporate 3 additional aircraft to a total fleet size of 25 in an effort to keep up with both Domestic and International demand. Airbus and Boeing have posted updates to their price listings, showing an increase of 2-4% over last year's prices Jet2 took delivery of one 737-800 Southwest took delivery of one 737-800 Ryanair took delivery of one 737-800 In Airline News… HNA Group Co's Bohai Capital Holding Co. halted its shares from trading in Shenzhen ahead of a major announcement. Ryanair announces 10 new French Routes for Winter 2018 Alaska Airlines receives single operating certificate from FAA, recognizing Alsaska Airlines and Virgin America as one airline Frontier and Volaris, two prominent ultra-low-cost carriers have announced codesharing for flights between the US and Mexico The government of India is now planning to sell Air India, dividing it into four separate companies, offering at least 51% of each entity. Hawiaan Airlines and Jetstar LCC group sign interline agreement, hoping for increased feeder traffic in Japan and New Zealand AerSale has reported that it is servicing the Orbis Flying Eye Hospital at its Goodyear, Arizona, MRO facility

Good Morning, I'm your host Marc Wilson. In Fleet News: Easyjet received delivery of 2, A320s Aeromexico received an 787-9 Germania outlines plans to replace its 737 fleet with A320neos. GECAS arranges SLB for 10 A320neos with VIVACOLUMBIA Volaris has ordered 80 A320 delivery of 40 between 2018 and 2021, the rest to arrive by 2026. In Finance… AERCAP Announces pricing of 1.15billioin in Senior Notes. Operators reporting today… SIA group announces its operating numbers with a 1.8 percentage point improvement for its Passenger Load Factor Copa announces its load factor increased 1.6% compared to end of year 2016. Spirit in the US announced prliminary that it's load factor increased 0.1% Avianca and subsidiaries decreased its load factor by 69 basis points, compared to 2016. Cathay pacific announced a slight decrease of 0.4%, alothough its ASK increasedc by 4.1% IATA announced traffic was up 8% Year over Year in november, the strongest gain in months. Forecasted 2018 to remain above the trend, but with a slower expansion than 2017.

Air Tracker February 6, 2018 Vol1 Ep16 Emily Southworth by Morten Beyer & Agnew

Good Morning. I'm Sarah Smith, a senior associate in the Valuations group at mba, hosting your mba Air Tracker daily news for February 5th, 2018: The UK Civil Aviation Authority announced on February 3, that it has launched a review of airline allocated seating policies. The review will determine whether any operators have been purposely separating passengers intending on traveling together to additionally charge them for allocated seats that would allow them to sit together. The European Aviation Safety Agency and Airbus Helicopters have just implemented a new single Production Organization Approval to streamline certification processes. This POA replaces previous national approvals with a single, integrated framework allowing for simplified industrial exchanges between Airbus Helicopters’ manufacturing facilities across Europe. In Fleet Delivery News today… Tianjin Airlines took delivery of one A320neo Air Baltic took delivery of one Bombardier CSeries CS300 Virgin Atlantic Airways took delivery of one Airbus A330-200 News from Manufacturers today. Bell Helicopter said it experienced a 75% increase in global commercial orders in 2017. Contributing to that was the more than 200 orders the manufacturer received from China alone. Boeing debuted the first 737 MAX 7 at the company's Renton, Washington, factory. The MAX 7 is the third and newest member of Boeing’s 737 MAX family to come down the assembly line. The jet is designed for up to 172 passengers and a maximum range of 3,850 nautical miles, which is the longest range of the MAX airplane family. In Operator News flyadeal, the LCC owned by flag carrier Saudi Arabian Airlines, launched services to Abha on February 1st, with double-daily flights from both Riyadh and Jeddah Thai AirAsia launched two new routes from Thailand to China on 1 February with services commencing from Bangkok Don Mueang to Chengdu, and from Phuket to Kunming Despite the latest crash in Bitcoin and other digital currencies and the recent hacking of a major Japanese cryptocurrency exchange, Japan’s top budget carrier, Peach Aviation, still plans to accept bitcoin for airline tickets. However, the timing of the start of this service is in question, having originally planned to start accepting the cryptocurrency by the end of 2017, then pushing the start to early 2018 and this most recent announcement that they are waiting for the cryptocurrency market to settle. Air Baltic and Surf Air are currently the only airlines that accept Bitcoin as payment for flights. Thanks for listening and please join us again next time for more aviation news!