If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
You need a JavaScript-enabled browser to view this Publication
Please follow these steps to view the Publication:
Enable JavaScript in your browser
Refresh this page
Best regards
Zmags
䙉N䅎䍅 ☠䱅䅓IN䜠䝕I䑅 20
ISSUE TEN 2021
䙉N䅎䍅 ☠䱅䅓IN䜠䝕I䑅 20
Rolls-Royce &
Partners Finance
Nordic Aviation Capital
Dr. Peters
GROUP
Split Rock A
JetClassified.com
viation
www.aviationnews-online.com
ABOVE & BEYOND
GECAS is a world-leading aviation lessor and financier. For over five decades,
we have solved our customers' challenges and enabled their businesses to thrive.
Whether your need is for aircraft, engines, helicopters or finance, our name has become
synonymous with trusted relationships, domain expertise, and delivering on our promises.
GECAS. Ready for our second fifty years.
gecas.com
GECAS g
EDITOR’S LETTER
BUILDING BACK BETTER
䙉N䅎䍅 ☠䱅䅓IN䜠䝕I䑅 20 ISSUE TEN
ABOVE & BEYOND GECAS is a world-leading aviation
EDITOR’S LETTER BUILDING BACK BETTER ISSUE
CONTENTS 1. Letter from the editor Building back
BOSTON | SHANNON | LONDON | SINGAPORE | HONG KON
NEWS 2020 was the worst year ever for aviation
For what’s next in Aviation Navigating Change. To
NEWS AerCap-GECAS acquisition nears completion
Aset Management • • • • Remarketing Services
NEWS customers around the world, while GE gains
AMONG THE MILLIONS OF STARS, THERE’S ONLY ONE EAR
PARTNERSHIP* IS OUR BUSINESS *Supporting Airline
NEWS easyJet rejects takeover; launches rights
Working strategically with our industry part
NEWS PAL to restructure; files Chapter 11 in th
THE A330neo. The A330neo shares many of the same
NEWS LATAM confirms exit financing offers excee
Building Air Lease Corporation is dedicated
NEWS Boeing forecasts $9 trillion market opport
NATURE LOVERS FLY The E2 is the most environm
NEWS Jet2.com places order for 36 A321neos In
NEWS Carlyle Aviation completes acquisition of
Global clients. Global deals. Chicago London
NEWS EXIM renews supply chain finance guarantee
DUBLIN | IRELAND Delivering lift to airline c
NEWS Goshawk extends secured warehouse facility
YOUR GO-TO BANK IN AVIATION We
NEWS BOC Aviation raises $935 million in new fu
NEW YORK GROWTH FRONTIERS 20-21 OCTOBER 2021
NEWS WestJet’s EXIM bridge loan approved
No matter which direction the aviation sector is
NEWS GE Aviation and Safran launch RISE In June
NEWS TUI extends credit lines until summer 2024
NEWS Boeing secures $5.28bn revolver On March 1
GROWTH FRONTIERS DUBLIN 16-18 JANUARY 2022
NEWS United advances its pledge to net zero Uni
Over 19,000 shop visits in almost 40 years on mor
NEWS Lufthansa prepares for German government e
NEWS Lufthansa preps capital raise; suspends hy
Enabling growth. Fostering success. We are honor
NEWS Air France-KLM exercises full capital incr
The sky is not the limit At AerFin we’re not con
NEWS IAG raises almost £3bn in first quarter
Built to Navigate Change
NEWS United closes final COVID liquidity piece
Aircraft Specialists; Engine Specialists; “Legal
NEWS Qatar Airways grounds A350 fleet
AIRCRAFT Leasing | Financing | Asset Management |
NEWS JetBlue begins New York to London services
Proud Sponsor of the Airline Economics Growth Fro
NEWS LATAM agrees to purchase more A320neos LAT
READY TO FLY With 50 years in
NEWS Delta orders 30 more A321neos Delta Air Li
NEWS BA Better World sustainability programme B
AVIATION FINANCE Loyalty
continue to reduce cash burn and raise more funds
AVIATION FINANCE and certain additional subsidi
$7.5 billion transaction size, at a blended avera
ABS Speedy recovery of aircraft ABS
aircraft ABS transactions has retuned, and althou
ABS Regional 2021-1 In April 2021, Falko Region
are considered by rating agencies to be industry
ABS number of assets te
Strengthened global expertise to help clients rea
MUFG Getting air travel back o
NUMBER OF COMMERCIAL FLIGHTS TRACKED BY FLIGHTTRA
FINANCE Preaching to
$3.2bn although this data does not include privat
FINANCE 2021 MCB. The MCB is a zero- coupon bon
FINANCE CONVERTIBLE BONDS ISSUED BY AVIATION COM
AIRPORTS: SLOT AUCTIONS
AIRPORTS: SLOT AUCTIONS J ust be
AIRPORTS: SLOT AUCTIONS A market-based appr
AIRPORTS: SLOT AUCTIONS each proposed a composi
SKYTRA Skytra: Working towards the first trade
SKYTRA
SKYTRA Speaking during the announcement of t
light for Skytra. On one hand, Weber says there i
AVIATION ABS Distinct Differences in Pre and
very quickly from the initial shock and stay on t
AVIATION ABS and a greater percentage of region
Finally, pre-COVID portfolios contained m
FUND STRUCTURES Investing in Avia
equity aviation fund based platforms commonly
FUND STRUCTURES on liquidity, asset dive
NEWS AWG issues guiding principles for airline
5: DEBT RANKS AHEAD OF EQUITY In a restructuring
CASTLELAKE Financing the
capacity remains constrained, lenders are seekin
CASTLELAKE resources, spe
CASTLELAKE Armin Rothauser Castlelake’s bal
AV AIRFINANCE AV AirFinance launche
Aviation Capital, K2 Aviation, DCAL Aviation,
END OF LIBOR End of LIBOR What
lenders with respect to the transition of legacy
END OF LIBOR occur at the same time and on the
“I hope it is already clear that the discontinuat
AIRCRAFT INSURANCE Premium Pr
delay. As noted, these requirements do not only a
AIRCRAFT INSURANCE powe
GROWTH FRONTIERS DUBLIN 16-18 JANUARY 2022
INTERTRUST Expanding the aviation trustee bu
was with Wells Fargo Trust in London for the past
INTERTRUST Intertrust is the first trustee se
“One of the leading aviation finance firms in the
NEWS Aviation investors denounce Stalking Horse
out to the same people that are utilising those p
AVIATION FINANCE LITIGATION Investors l
AVIATION FINANCE LITIGATION as a group on an “a
PLAY Standing on the shoulder of gia
PLAY offered 221,906,800 new issued share
PLAY Magnus Hardarson, CEO Nasdaq Iceland and
Birgir Jónsson We are using n
AKASA A new entrant in th
AKASA INDIAN AIRLINES Airline Ownership Dome
JET AIRWAYS RESTRUCTURING Jet Airways: India’
JET AIRWAYS RESTRUCTURING
JET AIRWAYS RESTRUCTURING a newly established f
JET AIRWAYS RESTRUCTURING months in the restruc
NORWEGIAN: A CASE STUDY Nor
and their assets are sold off to repay creditors.
NORWEGIAN: A CASE STUDY normally called debto
“While a renegotiated agreement might be on worse
TRUENOORD Solving two problems at once
LESSORS BRING OPPORTUNITIES TO EXTEND ROUTES
TRUENOORD THE COVID-19 EFFECT OR A NEW DIR
CARGO COVID-19 boosts PTF co
some notable and dramatic effects on feedstock, a
CARGO All systems (and aircraft) are cargo Pand
CARGO to secure an additional temperature- cont
CARGO AIRBUS A321-200P2F (AS OF MAY 2021 - IN US
CARGO BOEING 737-800P2F (AS OF MAY 2021 - IN US
PARTS Key considerations for end-
residual value of aircraft deemed to be beyond th
PARTS and how the final
NEW YORK GROWTH FRONTIERS 20-21 OCTOBER 2021
MRO Covid-19 – The MRO story The MRO industry ha
the order was to work from home – if practi
MRO challenges are re
“As the rate of business changed, we took the opp
MRO “More engine MROs have geared up for short
“In 2015 we had just three paint shops and painte
AERO ENGINE MRO A tailored solution The MRO
AeroNorway has also felt the pinch, while the
AERO ENGINE MRO Marston says that the firm st
GROWTH FRONTIERS DUBLIN 16-18 JANUARY 2022
AWARDS Airline Economics Aviation 100 Global L
AWARDS AVIATION 100 LAW FIRM OF THE YEAR
AWARDS Aviation 100 Deals of the Year Award Win
AWARDS EUROPEAN DEALS OF THE YEAR 2021 WINNE
40 FORTY
40 FORTY 40 UNDER 40 UNDER Airline Economics
40 FORTY
NEWS UN calls Code Red for Climate Change
NEWS EC presents sustainable travel plan The Eu
NEWS The only way is up for the future of aviat
revolutionise air travel with zero emissions airc
NEWS Azul to develop strategic alliance with Li
NEWS Skye Aviation orders 15 eFlyer 800s Aircra
NEWS BOOM! United first mover in supersonic spa
oneworld outlines path to net zero emissions by 2
AIRLINES Disruptive innovation Helane Becker,
second start-up, Breeze Airways, is based in
AIRLINES airlines had the opportunity to review
AIRLINES FIGURE 4 - AIRLINE CARBON NEUTRALITY G
is no scale to it right now. Airlines sign agreem
ENVIRONMENT Airline Bailouts,
targets to reduce or eliminate them complete
AVIATION AND ESG Seeking ESG and financial sustai
AVIATION AND ESG
AVIATION AND ESG FINANCIAL SUSTAINABILITY Fina
Carbon Foo
SAF NEWS Biden Administration advances the use
SAF NEWS Shell and Rolls-Royce accelerate progr
SAF NEWS Airbp: Making SAF more accessible Air
SAF NEWS NASA-DLR study finds SAF can reduce co
CONTRAIL ASSET MANAGEMENT (CAM) Ai
CONTRAIL ASSET MANAGEMENT (CAM) obvious advanta
ENVIRONMENT Aviation as a force for good Even
minimal skills as well as highly qualified profes
AERGO CAPITAL PARTNERS Soaring through turbul
Aergo’s additional attraction for Powe
AERGO CAPITAL PARTNERS When pitching the idea
Fred Browne banking world, which he believes wil
SERAPH AVIATION GROUP Looking ahead With a n
a unique blend of aircraft management services
SERAPH AVIATION GROUP them with the origination
NEW YORK GROWTH FRONTIERS 20-21 OCTOBER 2021
AIRBUS Retaining value across the product line
widebody market, even before the Coid-19 pandemic
AIRBUS the balance wer
seeking to defer CapEx and help airlines and less
COLLATERAL VERIFICATIONS SPECIAL AIRCRAFT REP
conversions to continue as -300ER values fall
COLLATERAL VERIFICATIONS
(Source: ch-aviation.com)
COLLATERAL VERIFICATIONS AIRBUS A330‐300 (AS OF
COLLATERAL VERIFICATIONS BOEING 767‐300ER (AS OF
COLLATERAL VERIFICATIONS VALU
BASE VALUE (BV): To determine its Base and F
COLLATERAL VERIFICATIONS SPECIAL AIRCRAFT REP
The current market demand for the Boeing 737
COLLATERAL VERIFICATIONS FUTURE OPPORTUNITIES F
COLLATERAL VERIFICATIONS AIRBUS A320NEO (AS OF J
COLLATERAL VERIFICATIONS BOEING 737 MAX 8 (AS OF
COLLATERAL VERIFICATIONS VALUE
BASE VALUE (BV): To determine its Base and Future
COLLATERAL VERIFICATIONS SPECIA
the Airbus A320 NEO, which has now replaced the A
COLLATERAL VERIFICATIONS AIRCRAFT
BOEING 37-800 - CURRENT MARKET rates. Market
COLLATERAL VERIFICATIONS AIRBUS A320‐200 (AS OF
COLLATERAL VERIFICATIONS BOEING 737‐800 (AS OF J
COLLATERAL VERIFICATIONS VALUE
BASE VALUE (BV) To determine its Base and Future
DATA MBAVALUES 1Q 2021 OEM Type Oldest
Providing expertise, integrity, and quality to ai
VALUE YOUR FUTURE Vote Ascend by Cirium Appraise