prices, through 2032.

Airbus and Boeing have been fiercely competitive in China in the past few years. Boeing handed over a record 143 planes to China

in 2013, out of total deliveries of 648, and won orders for more than 230, while Chinese deliver-ies represented 20% of Airbus’ global production in 2013.

In fact, aerospace represents 29% of all French exports to China. French president François Hollande told Xi Jin-

ping last week that he wanted to “rebalance trade between the two countries”. France’s trade deficit with China stands close to €26bn ($36m), and accounts for nearly 40% of France’s total foreign trade deficit, according to the BBC.

During Xi Jinping’s visit, Chinese officials also signed a deal with Airbus Helicopters to co-produce 1,000 EC-175 helicopters over 20 years (see page 8) and to co-operate on building turboprop engines with French aerospace supplier Safran.

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WORLD NEWS

Airbus’ China breakthrough falls short on A330 plans New deal signals end to emissions row as Hollande speaks of ‘rebalancing’Airbus hailed its $10.2bn deal with China for 70 narrow and wide-body aircraft as a breakthough af-ter a dispute over a carbon emis-sions tax had threatened to derail the relationship - but failed to ad-vance an initiative to expand local production of its popular A330 long-haul model.

The agreement, sealed dur-ing a state visit of Chinese president Xi Jinping to Paris, saw China agree to buy 43 A320 family aircraft, but more importantly, it unblocked a previous order for 27 A330s, which had been frozen since late 2012 over Chinese objections to the EU-imposed tax - which has since been watered down.

The new accord will also allow Airbus to continue assembling A320 short-haul aircraft in China for another 10 years, through to the end of 2025.

But a hoped-for deal to build a regional version of the A330 failed to materialize. Earlier this year, Airbus had offered to con-struct an A330 completion centre

During a state visit of Chi-

na’s president Xi Jinping last week,

Airbus had hoped to get the go-ahead to expand its

facilities in Tianjin (left)

to build a re-gional version

of its A330 widebody

Airbus

WEEKLY AVIATION HEADLINES

MH370 hunt moves closer

ISSN 1718-7966 MARCH 31, 2014 / VOL. 432

The search for wreckage from miss-ing Malaysia Airlines flight MH370 shifted 1,100km to the north-east after new information revealed the plane was travelling faster than first thought and would have run out of fuel sooner. The news came after fresh reports of possible debris sight-ings by Thai and French satellites. Researchers also said that the lack of buoyant objects from inside the plane suggests the cabin remained intact as it sank into the sea.

Etihad’s Air Serbia go-aheadEtihad was given the final government and regulatory approvals, consent and permissions to proceed with its pur-chase of a 49% stake in Air Serbia. Etihad CEO James Hogan said an initial loan of $40m to the Balkan airline will now be converted to eq-uity and that Etihad will endeavour to build Air Serbia into the ‘leading airline in the region’.

Air China: “Severe 2013”Air China posted a 32% fall in net profits in 2013 to 3.32bn yuan ($534.4m) and blamed the decline on a ‘sluggish’ cargo market, ag-gressive competition in the region and slowing economic growth, both in China and worldwide.

in Tianjin, the port city where it opened its first non-European aircraft assembly line in 2009, to build a new regional version of the A330, tailored for the grow-ing domestic Chinese market.

“The extension of the Tianjin agreement secures production of 1,000 A320 aircraft over 10 years and these will be the subject of future orders.” Fabrice Brégier, Airbus CEO, to Reuters

The airframer had hoped the of-fer would translate into orders for up to 200 A330s, worth as much as $20bn.

Rival airframer Boeing, which said last month that it was con-sidering opening its own final assembly plant in China, has put a strong case to Beijing that its narrowbody 737 family are more suited to the Chinese market.

Boeing has increased its estimates for Chinese aircraft demand four times in recent years, and says the country will need 5,580 new planes, worth $780bn at list

Air Berlin in results delayGermany’s Air Berlin postponed the release of its 2013 annual results for a second time, saying a new date would be announced in early April. Its comment that the com-pany “continues talks with certain shareholders and finance provid-ers” prompted observers to suggest that Etihad, its largest shareholder with a 29.2% stake, was set to take more control over the carrier.

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ANA places orders for 40 Boeing and 30 Airbus aircraft

ANA selected 40 Boeing widebody airplanes for its strategic fleet renewal, including 20 777-9X (powered by GE9X engines), 6 777-300ER (pow-ered by GE90-115B engines) and 14 787-9 airplanes. The agreement with the Japanese airline is valued at approxi-mately $13bn at list prices, the combined engine orders are valued at $2bn list price. ANA also selected 30 A320 neo Family aircraft (seven A320neo and 23 A321neo).

Rolls-Royce selected by ANA to provide Trent engines worth $1.1bn

Rolls-Royce was selected by All Nippon Airways (ANA) to provide Trent 1000 engines, worth $1.1bn, to power 25 Boeing 787 Dreamliner aircraft. The airline already has 55 of the aircraft in service or on order, all powered by the Trent 1000.

ANA 787 Dreamliners on the runway AirTeamImages

3AviTrader WEEKLY AVIATION HEADLINES

AIRCRAFT & ENGINE NEWS

ILFC leases two Boeing 737-800s to Donghai Airlines

International Lease Finance Corporation (ILFC) entered into an agreement with Dong-hai Airlines Co., Ltd for the lease of two used Boeing 737-800 aircraft, which have already been delivered to the airline.

Japan Transocean Air places $260m CFM56-7B engine order for 12 Boe-ing 737-800NG aircraft

Japan Transocean Air (JTA) announced the purchase of CFM56-7B engines to power 12 Boeing Next-Generation 737-800 airplanes. The engine order is valued at $260m at list price. JTA will have the flexibility to switch to the LEAP-1B-powered Boeing 737 MAX. Based in Naha, Okinawa, JTA is a member of the Japan Airlines Group and a long-time CFM customer. The airline currently operates a fleet of CFM56-3-powered 737-400 air-planes on domestic routes linking Okinawa with major Japanese cities as well as other islands within Okinawa.

WestJet converts purchase options for five Bombardier Q400 NextGen

WestJet converted five of its 25 options to firm orders for Bombardier Q400 NextGen aircraft, scheduled for delivery in the second half of 2015. The first of the five will arrive in June 2015. With the conversion of these op-tions, WestJet will have a fleet of 25 Q400s by the end of 2015. The airline has further options for 20 more Bombardier Q400 Next-Gen aircraft between 2016 and 2018. “From our fleet of nine Q400s today, this growth will enable us to expand and strengthen our network,” said Ferio Pugliese, President, WestJet Encore. “These aircraft will serve new markets, increase frequencies between existing cities, and strengthen our network

by creating new connections between exist-ing markets and optimizing capacity by time-of-day. We also anticipate new transborder opportunities as we continue to grow.

STS Component Solutions completes acquisition of another PW4000 engine

STS Component Solutions, a division of STS Aviation Group, closed its acquisition of an additional PW4056-3 Engine. The asset is a serviceable engine that was previously oper-ated by Malaysia Airlines. The Pratt & Whitney PW4000 is a family of high-bypass turbofan aircraft engines with certified thrust ranging from 52,000 to 99,040 lbf (230 to 441 kN). Built as the successor to the JT9D series en-gines, it powers the Airbus A310-300, A300-600 aircraft, Boeing 747-400, 767-200/300 as well as MD11 aircraft and is certified for 180-minute ETOPS if used in twinjets. This engine acquisition enhances the growth and

further broadens STS Component Solutions engine component service offerings.

Turkmenistan Airlines takes delivery of first 777-200LR

Boeing delivered the first 777-200LR passen-ger aircraft to Turkmenistan’s national flag carrier, Turkmenistan Airlines. The airplane is the first of two 777-200LRs Turkmenistan Airlines has on order. The delivery coincided with the opening of a new terminal at the Ashgabat International airport.

Hong Kong Airlines takes delivery of new A320 aircraft

Hong Kong Airlines took delivery of a new Airbus A320 that is the first aircraft to fea-ture sharklets. The Airline’s sixth A320 ar-rived at the Hong Kong International Airport on March 26th and will commence service

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MRO & PRODUCTION

by March 27th. The new all-economy class A320 is configured with 174 seats and will enhance the Airlines’ overall capacity by lifting the fleet size to 23 aircraft. It is also the Airlines’ first 320 aircraft with sharklet wingtip device, which is designed by the manufacturer to enhance fuel saving and improve flight performance.

GECAS to lease five new Boeing 737-800s to Hainan Airlines

GE Capital Aviation Services (GECAS) will lease five new Boeing 737-800 aircraft to Hainan Airlines to help expand the carrier’s fleet. The aircraft, scheduled for delivery in 2015, come from GECAS’ existing order book with Boe-ing. Hainan Airlines is a longstanding GECAS customer and is the largest private airline in the People’s Republic of China. It operates a fleet of more than 120 aircraft to more than 90 destinations.

Pegasus Airlines takes delivery of one A320 from Avolon

Avolon delivered an Airbus A320 to Pegasus Airlines on March 24th, 2014. This is Avolon’s fourth A320 aircraft on lease to Pegasus Air-lines. The first aircraft was delivered in No-vember 2013.

Air Lease Corporation places six new Boeing 737-800s with Korean Air

Air Lease Corporation announced lease agreements with Korean Air for six new Boe-ing 737-800 aircraft, which are scheduled for delivery in 2015 and 2016. These aircraft are from ALC’s order book from Boeing.

Bombardier delivers first Global 6000 aircraft to Mexico-based operator

Bombardier’s Global aircraft family celebrated a significant milestone with the entry-into-service of its first Global 6000 business jet to be operated from Mexico. The aircraft was delivered to Aero Angeles S.A de C.V., an air-craft operator based in Mexico.

Tigerair selects PurePower engines to power newly ordered Airbus aircraft

Singapore’s Tigerair signed a Memorandum of Understanding (MOU) with Airbus for the purchase of up to 50 A320neo aircraft for

future fleet renewal and growth. The deal covers 37 firm orders plus 13 options. The aircraft will be powered by Pratt & Whitney PW1100 engines and will be operated by the airline across its Asia-Pacific route network.Tigerair comprises three airlines, namely Ti-gerair Singapore, Tigerair Mandala and Tig-erair Australia. Collectively, the group’s net-work extends to over 50 destinations across 14 countries in Asia Pacific. As of March 20, 2014, Tigerair operates a fleet of 48 Airbus A320-family aircraft, averaging less than three years of age.

TUI Travel appoints Skytech-AIC to market one Boeing 767-300ER and to provide commercial advisory services

Skytech-AIC was appointed by TUI Travel plc to provide advisory services with respect to certain fleet projects commencing in the first quarter of 2014. In addition, TUI has ap-pointed Skytech-AIC to market one Boeing 767-300ER aircraft for sale or sale/leaseback with availability in 2015. The 1998-built, win-glet-equipped aircraft is currently operated by TUI’s Dutch airline, Arkefly, and is powered by General Electric CF6 engines.

Air France-KLM selects GEnx engines for Boeing 787 fleet

Air France-KLM selected the GEnx-1B engine to power its 25 Boeing 787 Dreamliners and 12 leased 787 aircraft. The total engine order is valued at more than $1.7bn. Air France-KLM and GE Aviation have also signed an agreement that will allow Air France-KLM to offer maintenance, repair and overhaul (MRO) services for the GEnx-1B engine. Under this agreement, Air France-KLM will be licensed to perform maintenance and overhaul work on the GEnx-1B engine and GE will provide technical support and assistance on overhaul work-scoping and component repair licenses, comprehensive material support and training.

GE Aviation’s GEnx engine will power Air France-KLM’s Boeing 787 Dreamliner fleet GE Aviation

AFI KLM E&M confirms Dreamliner position

Kenya Airways selected AFI KLM E&M to pro-vide component support services for a total of nine Boeing 787 Dreamliners currently on order and scheduled for delivery between March 2014 and end-2015. Billed power by the hour, the contract also includes pool ac-cess and a Main Base Kit pre-positioned at the client’s Nairobi base.

MTU Maintenance signs contract with Saudi Aramco for maintenance of CF34-8E engines

MTU Maintenance signed a new contract with the Saudi Arabian Oil Company, Saudi Aramco for the maintenance and on-wing support services of its General Electric CF34-8E engines. The contract covers all engines powering Aramco’s Embraer ERJ-170 fleet and has a duration of five years. MTU Main-tenance has been a reliable provider for the maintenance of Saudi Aramco’s CFM56-7B

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AviTrader WEEKLY AVIATION HEADLINES6

engines since 2003 and is pleased to enhance its growing partnership with this reputable company with the maintenance of its CF34-8E fleet. Saudi Aramco, officially known as Saudi Arabian Oil Company, operates its own fleet of more than 40 aircraft for passenger and cargo carriage as well as medical evacu-ation and oil spill spraying.

GE Aviation selects Indiana for $100m jet engine assembly factory

GE Aviation will break ground this year on a new $100m jet engine assembly facility in Lafayette, Indiana. It becomes the seventh new GE Aviation facility in the U.S. in the past seven years – joining sites in Batesville, MS; Auburn, AL; Greenville, SC; Dayton, Ohio; El-lisville, MS; and Asheville, NC. These facilities support more than 2,500 new U.S. jobs and investment in more than 1 million square feet of new facilities. Between 2013 and 2017, GE Aviation expects to invest more than $3.5bn in plant and equipment at its sites worldwide, with most of the investment in the U.S. The new 225,000-ft² facility in La-fayette will assemble the new LEAP engine of

CFM International, a 50/50 joint company of GE and Snecma (Safran) of France. CFM has logged total orders and commitments with airlines for more than 6,000 LEAP jet engines – and it does not enter service until 2016. It will power new Airbus A320neo, Boeing 737 MAX, and COMAC (China) C919 aircraft for airlines worldwide.

AJW Aviation signs CFM56-7 Fan Blade Exchange agreement

AJW Aviation signed a CFM56-7 fan blade exchange agreement with Danish airline Primera Air. The five year agreement covers the airline’s entire fleet, consisting of six Boe-ing 737-800s and two 737-700s. Founded in 2003, Primera Air is headquartered in Copenhagen and offers flights to over sev-enty destinations worldwide. The AJW Fan Blade Set Exchange Service is part of a grow-ing portfolio of engine repair management services and benefits from the AJW Group’s worldwide logistics support. AJW delivers quick-turn engine fan blade solutions across multiple CFM56 platforms. Guaranteed fully overhauled, mapped and moment weighed,

the exchange sets are ready to fit, with an additional advantage of a managed repair service for the off-coming set.

Vx Capital orders second AEI B737-400SF 11 pallet conversion

Aeronautical Engineers reported that Vx Capital Partners has ordered their second AEI B737-400SF passenger to freighter con-version. The aircraft is a high gross weight 737-400 (MSN 28490) built in 1996 and will be converted at Airod Aerospace’s Kuala Lumpur facility, which is one of five author-ized AEI Conversion Centers worldwide. This order will bring Vx Capital’s AEI B737-400SF freighter fleet to two.

Midair announces aircraft mainte-nance with Aircastle

MidairUSA signed an aircraft maintenance agreement with Aircastle Advisor, which included the first in a series of lease return MRO services and a heavy C check. For over a decade Midair exclusively provided support for Transaero Airlines, Russia’s second larg-

7AviTrader WEEKLY AVIATION HEADLINES

est carrier. The Rome, New York/Melbourne, Florida based operations have successfully maintained services for Transaero aircraft, facilitating the sustainability and bolstering growth of the fleet from 3 to over 100 air-craft. Along with an increased operation in 2014 at Melbourne, Florida that includes an 82,000 ft² hangar project, Midair has secured several new contracts resulting in the hire of an additional 125 new employees within next six months. This totals a compliment of over 500 employees by the year’s end.

Wesco Aircraft signs just-in-time con-tract extension with GKN

Wesco Aircraft Holdings, a provider of com-prehensive supply chain management services to the global aerospace industry, announced the extension of an existing just-in-time con-tract with GKN Aerospace through Decem-ber 31st, 2017. The extension expands the number of stock keeping units (“SKUs”) and the scope of the services provided by Wesco Aircraft for GKN’s activities in the United States and Europe. “This extension of Wesco Aircraft’s relationship with GKN serves as an example of our ongoing efforts to expand the Company’s relationships with long-stand-ing customers, by increasing the breadth and scope of our product offerings and providing additional value-added services,” said Wesco Aircraft’s chairman, president and chief ex-ecutive officer Randy Snyder.

Best Fly Maintenance opens part 145 Line Station in Luanda

Best Fly Maintenance will open a new part 145 Line Station at Luanda International Air-port in the fourth quarter of 2014 to offer high quality maintenance services. The new station will offer line maintenance tasks, scheduled and unscheduled maintenance checks for Gulfstream G450/550, Falcon 900, Falcon 7x or Beechcraft King Air family

aircraft types. Overall, Best Fly will be quali-fied to work on more than 30 aircraft types.

Aerostar contracts with Fastjet for A319 maintenance to cement grow-ing African market presence

Romanian aerospace company Aerostar won a contract from Tanzanian-based low-cost carrier Fastjet for the heavy maintenance of two of the airline’s fleet of three Airbus A319 airliners. The first of the aircraft arrived at Aerostar’s Bacau facility in February for its an-nual ‘C’ check and was redelivered on March 13, with the second aircraft arriving at Bacau on March 14.

Flying Colours strengthens footprint in Africa with multiple deliveries

Flying Colours Corp. the Canadian headquar-tered MRO, completion and refurbishment

specialist, announced delivery of a reconfig-ured Bombardier Challenger 604 destined for a Nigerian-based client. The aircraft was re-delivered to the client earlier this year follow-ing extensive maintenance, refurbishment, and reconfiguration work. The process took 14 weeks and included a major pre-purchase inspection undertaken on behalf of the cli-ent, a number of calendar inspections includ-ing a 96 month inspection, complete service bulletin reviews, in addition to major interior changes and modifications. The modifica-tions were completed at the Peterborough, Ontario facility.

In addition to the Challenger 604 comple-tion Flying Colours Corp. is close to finalis-ing major reconfiguration and maintenance work on a Bombardier Learjet 35 for another private African client. The work schedule in-cludes extensive maintenance and avionics upgrades featuring Satcom/wifi, WAAS, dual

March 31, 2014 / Vol. 432

HAITEC to invest around €30m at Hahn Airport, Germany

HAITEC Aircraft Maintenance will invest around €30m at Hahn Airport, Germany, with-in the next two years,” explains Michael Bock, CEO and managing director of HAITEC Aircraft Maintenance GmbH. This amount includes the purchase of the existing hangar 900, the construction of a larger hangar with more than 12,000 m² including offices and shops – ready for operation by the end of 2015 – as well as the cre-ation of around 120 new jobs. “This investment is an important and nec-essary step for the long-term future of HAITEC within a highly competi-tive global MRO market.” In ad-dition to the aircraft maintenance activities, HAITEC will establish an EASA-PART 147 training organiza-tion in summer of 2014. “This offer is not only for our employees. Any airline or MRO can send staff to Hahn”, states Frank Rott, COO at HAITEC. “We will also implement HAITEC Engineering Services in 2014 to provide customers worldwide with our CAMO and Lease Return services.”

HAITEC in a new expansion drive at Germany’s Hahn Airport HAITEC

Embraer inaugurated a new Service Centre for its executive jets, on March 27th, at Bertram Luiz Leupolz (SOD) Airport, in the city of Sorocaba, Brazil. The Company’s new facility, which involved an invest-ment of more than $25m, is expected to generate up to 250 direct and spe-cialized jobs over the coming years. The 20,000-m² area of the Service Center has two hangars, one of which is dedi-cated to maintenance, repair and over-haul (MRO) of executive jets manufac-tured by the Company, and the other to support the operation of business aircraft (Fixed-Base Operations – FBO).

The Centre comprises a passenger boarding and arrival terminal, providing airport services, meeting rooms for customers, and rest

areas for crew members – all equipped with TV, Internet access, and telephony. Embraer Executive Jets selected Universal Aviation, the ground sup-port division of Universal Weather and Aviation, Inc., to operate the Fixed Base Operation (FBO) of the Company’s new Service Center at Bertram Luiz Leupolz Airport (SOD) in Sorocaba, 50 miles west of São Paulo’s state capital. Universal Avia-tion will serve the Company’s current customers, as well as other business aviation operators flying into Sorocaba, with aircraft ground support and hangar services.Unveiling’s new bizjet Service Centre in Sorocaba Embraer

Embraer inaugurates Executive Jets Service centre in Sorocaba

8AviTrader WEEKLY AVIATION HEADLINES

communication transceivers, single GWX 70 colour radar, Honeywell TCAS II, along with numerous phase inspections.

Chromalloy completes first delivery of new components for Rolls-Royce Trent XWB aircraft engine production

Chromalloy delivered the first seal segment carrier components to Rolls-Royce for the new Trent XWB aircraft engine. Chromal-loy produced the components on schedule as part of a multi-year contract for the sup-ply chain of the new Trent XWB engine – a next generation, fuel efficient power system scheduled to enter service in mid-2014. The company is a long-time supplier to Rolls-Royce, providing repairs and services for the components found in the gas path or hot section of commercial and military aircraft engines. Contracts include services for the Trent and RB series engines, and others.

Fokker and NLR sign LOI for compos-ite manufacturing facility in Mark-nesse (NL)

Fokker Landing Gear (FLG), part of Fokker Technologies and the Dutch National Aero-space Laboratory (NLR), signed a Letter of In-

Airbus Helicopters and China’s Avicopter sign joint production agree-ment for 1,000 EC175/AC352 helicopters

Airbus Helicopters and Chi-na’s Avicopter (the helicopters business unit of AVIC) signed a joint agreement for the pro-duction of 1,000 new- genera-tion EC175/AC352 rotorcraft, in the presence of Chinese President Xi Jinping and French President François Hollande at the Elysée Palace in Paris. The agreement cements the indus-trial partnership between Air-bus Helicopters and AVIC on their jointly-developed EC175/AC352. While development work has been equally shared between Airbus Helicopters and Avicopter for the EC175/AC352 project, production is likewise shared, combining the capabilities of both companies. Coming from a com-mon platform, two different rotorcraft are being built: the AC352, assembled and supported from China by Avicopter, mainly for the Chinese market; and the EC175, assembled and supported by Airbus Helicopters from Marignane, France, for the worldwide market. The EC175, certified earlier this year by the European Aviation Safety Agency (EASA). France and China launched their cooperation on EC175/AC352 in 2005, benefitting from 40 years of close ties between the partners on previous rotorcraft projects.

Airbus Helicopters and China’s Avicopter to produce 1,000 EC175/AC352 helicopters Airbus Helicopters

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10AviTrader WEEKLY AVIATION HEADLINES

BOC Aviation reports 2013 net profit of $277m

BOC Aviation achieved a record net profit after tax in 2013, marking an unbroken run of 20 years of profitability since it was founded in November 1993. For the finan-cial year ended 31st December 2013, the Company earned US$277m in net profit after tax, 23% higher than the previous year. Total assets were $10.2bn, rising 12% from $9.1bn at the end of 2012. BOC Avia-tion ended the year with US$501m in un-encumbered cash and $2.3bn in unutilized committed credit facilities. In 2013, BOC Aviation took delivery of 48 new aircraft, and sold 21 owned aircraft. The year-end portfolio comprised 226 aircraft, of which 206 were owned and 20 were managed, in service with 56 airlines in 31 countries worldwide. The Company has one of the youngest fleets in the industry with an av-erage owned aircraft age of less than four years. BOC Aviation placed a new order for 25 Airbus A320 family aircraft. The Com-pany finished the year with a commitment to purchase 114 aircraft through to 2019.

DVB Bank posts slightly lower con-solidated net income in 2013

DVB Bank, which is focused on internation-al transport finance, posted consolidated net income after taxes of €110.2m, down 11.8% year-on-year (2012: €124.9m). This decline was mainly due to a special effect which impacted on the previous year’s fig-ure: net other operating income/expenses for 2012 included a significant non-re-curring effect from the sale of a stake in aero engine specialist TES Holdings Ltd, Bridgend, Wales. This net item declined

March 31, 2014 / Vol. 432

from €42.7m to €–4.1m. Net fee and com-mission income, which primarily includes fees and commissions from the lending business, as well as asset management and advisory fees, amounted to €128.7m and thus only slightly missed the previous year’s record of €130.7m.

Virgin America reports fourth quar-ter and full year 2013 profit

Virgin America reported fourth quarter 2013 net income of $14.2m, compared to a year ago quarterly loss of $25.0m, an improve-ment of $39.1m. Operating revenue totalled $359.9m, an increase of 2.7% from the fourth quarter of 2012. Operating income

totalled $24m, an increase by $18.4m year-over-year. Operating margin was 6.6%, an increase of 5.1 points from the fourth quar-ter of 2012. Revenue per Available Seat Mile (RASM) increased 4.1%, to 11.79 cents. Both increased load factor (up 1.6 points to 78.5%) and yield (up 2.4%) contributed to the RASM improvement. Full Year 2013 net income of $10.1m increased $155.5m from a loss of $145.4m in 2012. 2013 was Virgin America’s first full year of profitability. Total operating revenue for 2013 was $1.425bn, a $92m increase and 6.9% improvement over 2012. Operating income totalled $80.9m, an increase of $112.6m from 2012’s operating loss of $31.7m. 2013 operating margin was 5.7%, an increase of 8.1 points over 2012.

FINANCIAL NEWS

Airbus Group makes successful return to Euro debt capital markets with €1bn 10-year bond issue

Airbus Group successfully priced a new 10-year bond offering denominated in euros on 25 March, 2014. This €1bn transaction is the first bond issue for the newly rebrand-ed “Airbus Group” and marks the return of the company to the euro debt capital markets after almost five years. The offering was very well received by the market and generated orders of around € 3.8bn, enabling the Group to benefit from the improved funding conditions currently available in the capital markets. The 2.375% coupon was the lowest ever for any of the Group’s bond issuances. Net proceeds from the issue will be used for general corporate purposes. The transaction followed a well attended pan European Roadshow in London, Frankfurt and Paris. The bond placement was made with around 230 qualified investors, mainly based in France, Germany and the UK. An application has been made for the bonds to be admitted for trading on the Luxembourg Stock Exchange.

tent for the realization of highly automated and state-of-the-art manufacturing facility for composite landing gear parts at the NLR in Marknesse (NL). The facility is scheduled to be up and running in the third quarter of 2014 and will have a surface of around 500 m². About 20 Fokker specialists will work together with the NLR team. This state-of-the-art manufacturing facility will use, com-bine and further improve proven and avail-able manufacturing technology in support of FLG’s ambition to introduce its composite landing gear parts on new and existing land-ing gear designs and to ensure a reliable and repetitive manufacturing process, reducing component costs under metal equivalents. The facility will produce composite land-ing gear components for customers for the qualification and first production phase.

Lufthansa Cargo achieves operating profit of €77m in 2013

Lufthansa Cargo achieved an operating profit of €77m in the last financial year, €28m less than in the previous year. Numerous projects in the “Lufthansa Cargo 2020” future programme were vigorously pursued; fleet modernisation was successfully initi-ated. A significantly higher result is expected in 2014. Lufthansa Cargo chairman and CEO, Karl Ulrich Garnadt, em-phasised at the annual press conference in Frankfurt that the company is well on its way to consolidating and strength-ening its position as Europe’s leading cargo airline this year: “We have set ourselves am-bitious targets. We want to grow our tonnage by around five per cent and plan to sig-nificantly increase the operat-ing profit”, said Garnadt. The Cargo CEO, who will take over at the helm of Lufthansa Passage on May 1st, announced an operating result of €77m (2012: €105m) on presentation of the 2013 balance sheet. The airline will greatly benefit in 2014 from the now three Boeing 777 freighters to be deployed on North Atlantic routes and also to Shanghai from next week. With significantly lower fuel consumption, the brand new aircraft not only produce lower emissions but will also help reduce costs. Another Triple Seven will be delivered in June of this year. Because of the new arrivals, Lufthansa Cargo is planning to fly just 14 of its originally 18 MD-11 freighters.

Jens Görlich, Lufthansa

11AviTrader WEEKLY AVIATION HEADLINES

Over the last 16 years ADSoftware has delivered industry-specific application to more than 50 companies spread over numerous segments such as commercial aircraft, ma-jor /national airlines, commuter/regional airlines, fixed based operators, helicopters operators, maintenance and repair organisations, flying school, and continuing air-worthiness management organisations. In the last six months, three new customers have signed with ADSoftware; all of them in three distinct market segments of the aviation industry; all of them requiring a clear understanding of the special character-istics of the client’s industry and tailored solutions to meet those requirements.

• Air Kbz, a privately owned domestic Burmese airline based in Yangon, selected Air-Pack fleet management system and logistics package by ADSoftware. The airline op-erates four ATR 72-500 and two ATR 72-600 aircrafts serving 15 destinations. AEPS, the exclusive distributor for ADSoftware in Middle East and Asia, will assure software delivery to specification and time scale while meeting agreed customer targets.

• Aerolys, which offers its services to aircraft owners and operators during the phases of delivery and return, chose ADSoftware while working on getting its Part M approval.

• Air et Compagnie, a French aircraft and helicopter flying school, is the latest com-pany to have signed with ADSoftware and the first flying school of the portfolio. “The missing link to our aviation activity was the EASA Part F for maintenance and Part G for continuing airworthiness, our workshop started operation in early 2014 with the French Civil Aviation Authorities approval. For the continuing airworthiness manage-ment and all operations of the workshop, a market study jointly run with our partner TimeToFly has led us to select several software, convergence towards ADSoftware was obvious, given the quality of the product and the professionalism of the teams,” said Charles Clair, Air et Compagnie’s CEO.

INFORMATION TECHNOLOGYOTHER NEWS

Finnair started employee consultations with personnel working in administrative and sup-port functions as well as cabin attendants. The measures are part of the savings program start-ed in 2011, which aims at breaking Finnair’s loss-making cycle. The company still hopes that by achieving cost reductions in ongoing negotiations the redundancies could largely be avoided . Finnair plans to rationalise its administration and support functions, which could lead to a reduction of approximately 140 employees at this stage. At the end of last year Finnair concluded new collective labour agreements in line with the Finnish Employ-ment and Growth Pact. At the same time, the parties agreed on cost reduction negotiations that would be concluded with cabin attend-ants by the end of April 2014 and with pilots by mid-June. When Finnair announced its loss-making results for 2013, the company stated that it must assess other options for reaching its targets, in case the necessary agreements on cost reductions are not reached through negotiations. Although the company’s prior-ity and preference is to reach agreement with personnel at the negotiation table, it is now obliged to draft optional plans to increase out-sourcing of flight crew.

Bruce Aerospace announced that Aero-lineas Argentinas has selected the Bruce Aerospace XLume™ LED Mood Lighting system for their A340 aircraft. In addition to the full color LED ceiling, hat rack, and side-wall lighting, Bruce Aerospace is also supply-ing white LED ceiling fixtures for the forward and aft galley areas. The Bruce Aerospace Mood Lighting system has previously been installed in their A330 aircraft. The product line offers airlines a drop-in replacement for the OEM supplied fluorescent cabin lighting fixtures which enhance the cabin with the en-vironmentally friendly and cost effective Bruce Aerospace LED fixtures.

A joint team from ENAC (the Italian Civil Avia-tion Authority) and the European Aviation Safety Authority (EASA) certified the first AW189 full-flight simulator (FFS) to Level D, the highest qualification for flight simulators. The new CAE 3000 Series AW189 FFS is in-stalled in the new simulation building at Agus-taWestland’s A. Marchetti Training Academy in Sesto Calende, Italy. The Training Academy now has capacity for nine FFSs and five FTDs (Flight Training Devices), further expanding the AgustaWestland training capabilities in It-aly as part of its global capability. The AW189 FFS was developed jointly by AgustaWestland and CAE, and will be operated by Rotor-sim. The CAE 3000 Series helicopter mission

March 31, 2014 / Vol. 432

• Japan Airlines (JAL) selected Pana-sonic Avionics for a major expansion of in-flight Wi-Fi for its international fleet which includes Boeing 787s, Boeing 777-200ERs and Boeing 767-300ERs. The commitment comes after a successful introduction of Panason-ic’s broadband Wi-Fi service on 13 of Japan Airlines’ 777s that have been flying international routes since July 2012. The carrier has become one of

the first airlines to offer internet access, email services, and more on flights between Japan and Europe and across the Pacific to North America.

• Gogo released that its business aviation group, Aircell, received Supplemental Type Certificates (STCs) from the European Aviation Safety Agency (EASA) for installation of in-flight connectivity and entertainment systems aboard Bombardier Challenger 300 business jets. The certifications cover the AVIATOR 300 and UCS 5000 systems.

IFEs & CONNECTIVITY

Myanmar’s Air Kbz selected ADSoftware’s AirPack fleet management system and logistics package ADSoftware

AirTeamImages

• Comlux The Aviation Group announced several major organizational changes in Comlux America, both on operational and commercial sides. David Edinger is ap-pointed executive vice president of Comlux Management and also Board Member of the Comlux Group. Jim Soleo is now taking over Erdinger’s duties and is promoted to chief executive officer of Comlux America. Under the guidance of Soleo, the opera-tional side will be supported by Scott Meyer, appointed chief operating officer, and on the commercial side by Rob Tomenendal, appointed vice president of Sales.

• Airborne Maintenance and Engineering Services (AMES) announced new roles for two members of its top management staff. Todd France

has assumed the role of director of Business Devel-opment. In this role France will manage all sales ac-tivities in all business units throughout AMES. In his prior role, France was director of Business Operations overseeing business planning, contracts, pricing, strategic initiatives, customer support, material sales and management, and purchasing. Brad Heath has been named AMES’ director of Business Operations. His appointment includes responsibility over contracts, capacity plan-ning, strategic initiatives, and various support departments. Heath has

previously served AMES in director-level positions overseeing component repair, overhaul, & manufacturing; business development; and engineering.

AviTrader WEEKLY AVIATION HEADLINES

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Richmond, BCCanada V7A 3P9

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EditorCatherine Davies

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MRO Americas 2014Phoenix Convention Centre, Phoenix, Arizona, 8-10 April, 2014. (Event brochure)

EASA & Continuing Airworthiness SeminarRecords Management - Technology Leaps and Best Practices

Dublin, Ireland, 29 & 30 April, 2014. (Event brochures)

ISTAT Asia 2014Ritz-Carlton, Hong Kong, 4-6 May, 2014. (Event brochure)

Operating Lease Training Seminar MasterclassBudapest, Hungary, 20-22 May, 2014. (Event brochure)

Aircraft Lifecycle - New PerspectivesHotel 10, Montreal, Canada, 30 Sept-1 Oct, 2014. (Event brochure)

Click here for more aviation events

Recommended Events

12

March 31, 2014 / Vol. 432

Brad Heath AMES

simulator features unprecedented realism for helicopter-specific mission training, including offshore Oil and Gas Producer (OGP), Search and Rescue (SAR), law enforcement and other types of operations. The simulator enables pi-lots to practice — without risk — challenging procedures such as low-level flight, confined area operations, autorotation and landing on platforms at sea.

GE Aviation is providing technical support to air navigation service provider Airports Authority of India (AAI) to accelerate the deployment of Required Navigation Per-formance (RNP) flight paths throughout In-dia. Through a U.S. Trade and Development Agency (USTDA) grant, GE Aviation and AAI will work together to deploy the efficient procedures at India’s Bengaluru, Mangalore and Guwahati airports to improve airspace efficiency. GE will also work with India’s regulator Director General of Civil Aviation (DGCA) to support RNP operations approval for an Indian airline. Once the flight paths are deployed and in use, a report document-ing the actual benefits of the flight paths will be published.

Swiss International Air Lines (SWISS) entrusted its entire spare parts logistics to Lufthansa Technik Logistik Services GmbH (LTLS) as part of a three-year agree-ment in effect since the beginning of Febru-ary. Under the agreement, LTLS will take over all transport services for SWISS everywhere in the world, including standard transports and special services such as the transport of aircraft engines. Lufthansa Technik Logistik

INDUSTRY PEOPLE

Todd France AMES

Services will also take on the local handling of material supply at the airline’s hub in Zu-rich as well as at the airports in Basel and Geneva, encompassing packing, customs clearance, shipping and documentation. Moreover, the company will serve as the hazardous goods officer for SWISS, and is responsible in that capacity for the produc-tion of hazardous goods documents.

THEAIRCRAFTANDENGINEMARKETPLACE Page 1 of 4

Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email Phone

A300B4-200F Rising Sun Aviation None 84 1979 Now Sale Fred van Acker f.vanacker@risingsunaviation.com +1 214-906-5635

A319-112 Doric CFM56-5B6/3 3589 2008 Mar 2015 Sale / Lease Maurick Groeneveld maurick.groeneveld@doric.com +49.69.24755942

A319-112 Doric CFM56-5B6/3 3818 2009 Mar 2015 Sale / Lease Maurick Groeneveld maurick.groeneveld@doric.com +49.69.24755942

A319-133 Amentum Capital V2527M-A5 3705 2008 Nov 2014 Lease Noel Healy marketing@amentum-capital.com +353 1 639 8111

A320-200 ORIX Aviation V2527-A5 1661 2002 Q1/2015 Lease Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

A320-200 ORIX Aviation CFM56-5A1 378 1992 Q1/2015 Sale Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

Commercial Jet Aircraft

March 31, 2014

A320-200 ORIX Aviation CFM56-5B6/3 3831 2009 Q2/2015 Lease Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

A320-200 Amentum Capital V2527E-A5 3624 2008 Oct 2014 Lease Noel Healy marketing@amentum-capital.com +353 1 639 8111

(2) A320-211 PSG Turbines LLC Now Sale Karl Drusch kdrusch@psgjets.com +1-817-296-2705

A330-200 Amentum Capital PW4168A 970 2008 Q1/2015 Lease Noel Healy marketing@amentum-capital.com +353 1 639 8111

A330-200 Amentum Capital PW4168A 979 2009 Q1/2015 Lease Noel Healy marketing@amentum-capital.com +353 1 639 8111

B737-300 AerSale 23440 1986 Now Sale / Lease Bill Kmiotek Bill.Kmiotek@aersale.com +1 676 379 5042

B737-300 AerSale 23441 1986 Now Sale / Lease Bill Kmiotek Bill.Kmiotek@aersale.com +1 676 379 5042

B737-300 World Star Aviation Services CFM56-3C1 28738 1998 Now Sale / Lease Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456

B737-300 World Star Aviation Services CFM56-3C1 28872 1998 Jul 2014 Sale / Lease Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456@

B737-300 World Star Aviation Services CFM56-3B2 24208 1998 Now Sale / Lease Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456

B737-300 World Star Aviation Services CFM56-3C1 28573 1998 Now Sale / Lease Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456

B737-300 ORIX Aviation CFM56-3C1 24910 1991 Jun 2014 Sale Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

B737-300 Phoenix Aer Capital CFM56-3 24532 Now Sale Bob Gallagher r.gallagher@aircraftsystemsgroup.com +1 727-376-0292

B737-300 Phoenix Aer Capital CFM56-3 24666 Now Sale Bob Gallagher r.gallagher@aircraftsystemsgroup.com +1 727-376-0292

B737-400 World Star Aviation Services CFM56-3C1 24706 1991 Now Sale / Lease Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456

B737-400 World Star Aviation Services CFM56-3C1 26290 1993 Now Sale / Lease Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456

B737-400 ORIX Aviation CFM56-3C1 28702 1998 Q1/2014 Sale / Lease Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

B737-400 AerSale CFM56-3C1 25417 1991 Now Sale / Lease Craig Wright craig.wright@aersale.com +1 (305) 764 32383 00 e Sa e C 56 3C 5 99 o Sa e / ease C a g g craig.wright@aersale.com (305) 6 3 38

B737-400 AerSale CFM56-3C1 25313 1991 Now Sale / Lease Bill Kmiotek Bill.Kmiotek@aersale.com +1 676 379 5042

B737-400 AerSale CFM56-3C1 25314 1991 Now Sale / Lease Shane O'Connell Shane.OConnell@aersale.com +353 87 063 8243

B737-400 Safair Operations Combi 26961 C. Schoonderwoerd corneliss@safair.co.za +27 11 928 0000

B737-400 Safair Operations Pax C. Schoonderwoerd corneliss@safair.co.za +27 11 928 0000

B737-500 AerSale CFM56-3C1 27424 1996 Now Sale / Lease Craig Wright craig.wright@aersale.com +1 (305) 764 3238

B737-500 ORIX Aviation CFM56-3C1 24788 1990 Q2/2014 Sale Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

B737-500 Rising Sun Aviation None 25038 1990 Now Sale Fred van Acker f.vanacker@risingsunaviation.com +1 214-906-5635

B737-500 World Star Aviation Services CFM56-3B1 26297 1994 Now Sale / Lease Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456

B737-800 ORIX Aviation CFM56-7B26 35090 2006 Q4/2015 Lease Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

Now ACMI/Wet lease/Sale

Now 2013 ACMI/Wet lease

B737 800 ORIX Aviation CFM56 7B26 35090 2006 Q4/2015 Lease Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

B737-800 ORIX Aviation CFM56-7B24 34181 2006 Q1/2015 Lease Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

B737-800 ORIX Aviation CFM56-7B26 35072 2007 Q2/2015 Lease Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

B737-800 ORIX Aviation CFM56-7B24 34180 2005 Q4/2014 Lease Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

B747-400 GA Telesis PW4056 28754 1998 Now Sale / Lease Stefanie Jung sjung@gatelesis.com +1 954-958-1321

B747-400 AerSale CF6-80C2B1F 26342 1992 Now Sale / Lease Bill Kmiotek Bill.Kmiotek@aersale.com +1 676 379 5042

B747-400ERF Amentum Capital CF6-80C2B5F 37303 2009 Jul 2014 Sale / Lease Noel Healy marketing@amentum-capital.com +353 1 639 8111

B747-400ERF Amentum Capital CF6-80C2B5F 35170 2006 Now Sale / Lease Noel Healy marketing@amentum-capital.com +353 1 639 8111

B757-200 World Star Aviation Services RB211-535-E4 24544 1990 Now Sale / Lease Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456

B757-200 GA Telesis RB211-535E4 24491 1990 Now Sale / Lease Stefanie Jung sjung@gatelesis.com +1 954-958-1321B757-200 GA Telesis RB211-535E4 24491 1990 Now Sale / Lease Stefanie Jung sjung@gatelesis.com +1 954-958-1321

B757-200 GA Telesis RB211-535E4 24577 1990 Now Sale / Lease Stefanie Jung sjung@gatelesis.com +1 954-958-1321

B757-223 Jet Midwest Inc. RB211-535E4 Now Sale / Lease Kevin Lee / Cathy Liu cathy.liu@jetmidwest.com +1 310 652 0296

B757-200PCF AerSale 535E4-37/B 23767 1987 Sep 2014 Sale / Lease Craig Wright craig.wright@aersale.com +1 (305) 764 3238

B767-200ER GA Telesis CF6-80A 22329 1987 Now Sale / Lease Stefanie Jung sjung@gatelesis.com +1 954-958-1321

B767-200ER GA Telesis CF6-80A 22324 1986 Now Sale / Lease Stefanie Jung sjung@gatelesis.com +1 954-958-1321

B767-222 Jet Asia Aiways Co. Ltd. JT9D-7R4D 21868 Now ACMI, Wet L. Kevin Lee klee@flyjetasia.com +1 310 944 0327

B767-246 Jet Asia Aiways Co. Ltd. JT9D-7R4D 23214 Now ACMI, Wet L. Kevin Lee klee@flyjetasia.com +1 310 944 0327

B767-300ER ORIX Aviation PW4060 25285 Q1/2015 Lease Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

DC10-30F Bristol Associates CF6-50C2 47925 1974 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates com +1 202-682-4000DC10-30F Bristol Associates CF6-50C2 47925 1974 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

DC10-30F Bristol Associates CF6-50C2 47929 1975 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

L100-30 Safair Operations 501-D22 C. Schoonderwoerd corneliss@safair.co.za +27 11 928 0000

MD83 Jet Midwest Inc. JT8D-219 53252 1991 Now Sale / Lease Kevin Lee / Cathy Liu cathy.liu@jetmidwest.com +1 310 652 0296

MD90-30 AerSale V2528-D5 53496 1998 Now Sale / Lease Craig Wright craig.wright@aersale.com +1 (305) 764 3238

Now - Wet Lease / ACMI

March 31, 2014

www.gatelesis.com

Component solutions you can trust with the world’smost powerful independent rotable inventory

THEAIRCRAFTANDENGINEMARKETPLACE Page 2 of 4

Aircraft Type Company Engine MSN Year Available Sale / Lease Contact Email PhoneCRJ100ER GA Telesis CF34-3A1 7127 1996 Now Sale / Lease Harris Koutounidis hkoutounidis@gatelesis.com +1 954 676 3111

CRJ100ER GA Telesis CF34-3A1 7131 1996 Now Sale / Lease Harris Koutounidis hkoutounidis@gatelesis.com +1 954 676 3111

CRJ100ER GA Telesis CF34-3A1 7134 1996 Now Sale / Lease Harris Koutounidis hkoutounidis@gatelesis.com +1 954 676 3111

CRJ700ER Amentum Capital CF34-8 10217 2005 Oct 2014 Lease Noel Healy marketing@amentum-capital.com +353 1 639 8111

EMB-120QC Jet Midwest Inc. PW118 120264 1992 Now Sale / Lease Kevin Lee / Cathy Liu cathy.liu@jetmidwest.com +1 310 652 0296

ERJ-135ER Bristol Associates 145176 1999 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ 135ER Bristol Associates 145186 1999 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates com +1 202 682 4000

Regional Jet / Turboprop Aircraft

March 31, 2014

ERJ-135ER Bristol Associates 145186 1999 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-135ER Bristol Associates 145192 1999 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-135LR Bristol Associates 145332 2000 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-135LR Bristol Associates 145334 2000 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-135LR Bristol Associates 145323 2000 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

Contact Email Phone

Sherry Riley engine.leasing@gecas.com +1(513)782-4272

Sale / LeaseEngine Type

Multiple Engines GE / CFM / RB211

Commerical Engines

GECAS Engine LeasingNow - Sale / Lease

Company

(2) AE3007A1 Now - Sale / Lease Engine Lease Finance Ciaran McGlynn ciaran.mcglynn@elfc.com +353 61 291729

(2) AE3007A1 Now - Sale / Lease Bill Polyi / Ray Marquess ray.marquess@magellangroup.net +1 (704) 504-9204

(1) CF34-8E5 Now - Lease Lufthansa Technik AERO Alzey Kai Ebach k.ebach@lhaero.com +49-6731-497-368

(2) CF34-10E5

(2) CF34-3A1 Now - Sale GA Telesis Harris Koutounidis hkoutounidis@gatelesis.com +1-954-676-3111

(1) CF34-3B1 Now - Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(2) CF34-3A1/3B1 Now - Sale / Lease Bill Polyi / Ray Marquess ray.marquess@magellangroup.net +1 (704) 504-9204

Magellan Group

Magellan Group

AE3007 Engines

CF34 Engines

( ) y y q y q @ g g p ( )

(1) CF34-3B1 Now - Sale/Lease/Exch. Dave Desaulniers delaulniers@willislease.com +1 415 516 4837

(1) CF34-8E5A1 Now - Lease AeroCentury Frank Pegueros frank.pegueros@aerocentury.com +1 650 340 1888

Sherry Riley engine.leasing@gecas.com +1 (513) 782-4272

(1) CF6-80C2A5 Apollo Aviation Group Erik Castillo erikc@apollo.aero +1 (305) 579-2340

(4) CF6-80C2A2 Now - Sale/Lease/Exch.

(2) CF6-80C2B4

(1) CF6-80C2B1F Now - Sale/Lease/Exch.

(1) CF6-80C2B1F May 14 - Sale/Lease/Exch.

g p

Now - Sale / Lease GECAS Engine LeasingCF34-8E(s)

Now - Sale/Lease/Exch.

Mar 14 - Sale/Lease/Exch.

CF6 Engines

Willis Lease

(1) CF6-50C2 Now - Sale / Lease Konrad J Walter konrad@TakingAviationForward.com +1 954-445-8127

(1) CF6-50 Now - Sale Phoenix Aer Capital Bob Gallagher r.gallagher@aircraftsystemsgroup.com +1 727-376-0292

(1) CF6-80C2B6F Now - Lease Ann Lee alee@willislease.com +1 (415) 408 4769

CF6-50E2 (multiple) Now - Sale / Lease Commercial Aircraft Services Brian Cooper brian@casi.aero +1 208-899-1915

(1) CF6-80C2B1F Now - Sale / Lease AerSale. Inc. Tom McFarland tom.mcfarland@aersale.com +1 305-764-3208

(2) CF6-80C2B6F Now - Sale / Lease Matthew White matthew.white@aersale.com +353 1475 3005

(1) CF6-80C2B7F Now - Sale / Lease Tom McFarland tom.mcfarland@aersale.com +1 305-764-3208

(2) CF6-80C2BXF Now - Sale/Lease/Exch. TES Aviation Group Lee Whitehurst lee.whitehurst@tes-uk.com + 44 (0) 7760884250

(1) CF6-80C2B1F Now - Sale / Lease Fortress Investment Group Thomas Garbaccio Aviation@fortress.com +1 212-497-2917

(1) CF6 80C2B6F Now Sale / Lease

Taking Aviation Forward, LLC

Willis Lease

(1) CF6-80C2B6F Now - Sale / Lease

(1) CF6-80C2B7F Now - Sale / Lease

(2) CF6-80C2B1F AeroTurbine Sean Thomas sthomas@aeroturbine.com +1 786 925 8517

(1) CF6-80C2B1F Now - Lease

(1) CF6-80C2B4 Now - Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(1) CF6-80C2B1F Now - Lease Engine Lease Finance Joe Hussar joseph.hussar@elfc.com +1 (617)828-3569

(1) CFM56-7B24 Now - Lease Engine Lease Finance Joe Hussar joseph.hussar@elfc.com +1 617 828-3569

(1) CFM56-5A3 Now - Lease

(1) CFM56-5A3 Now - Sale / Lease World Star Aviation Services Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456

Now - Sale / Exchange

CFM56 Engines

( ) @

(1) CFM56-3B1 Now - Sale / Lease

(1) CFM56-3C1 Now - Sale / Lease

March 31, 2014

GECASEngine Leasing

SEARCH

Search or sell withStockMarket.aero

Supporting the world’s airlinesCorporation www.ses.ie

THEAIRCRAFTANDENGINEMARKETPLACE Page 3 of 4

Contact Email Phone

(2) CFM56-3C1 Now - Sale / Lease Frank Rustmeier frank@royalaero.com +49 (0)8025 99360

(1) CFM56-5A3 Now - Sale / Lease

(2) CFM56-5B4P Now - Sale / Lease

(1) CFM56-5C4 Now - Sale / Lease

(1) CFM56-5C4/P Now - Sale/Lease/Exch. AerFin Auvinash Narayen Auvinash.narayen@aerfin.com +44 77 66 384 581

(1) CFM56 3C1 Now Sale / Lease IAI Alex Marom amarom@iai co il +972 52 3663412

Royal Aero

Engine Type

Commerical Engines (cont.)

CFM56 Engines

Sale / Lease Company

March 31, 2014

(1) CFM56-3C1 Now - Sale / Lease IAI Alex Marom amarom@iai.co.il +972-52-3663412

(1) CFM56-3C1 Now - Sale Rising Sun Aviation Fred van Acker f.vanacker@risingsunaviation.com +1 214-906-5635

(1) CFM56-3C1 Now - Sale Mike Visconti mike@avvenireservices.comn +1 305 753-6106

(1) CFM56-3B2 Now - Sale / Lease Fortress Investment Group Thomas Garbaccio Aviation@fortress.com +1 212-497-2917

(1) CFM56-3C1 Now - Sale / Lease

(1) CFM56-7B27/3B1F Now - Sale/Lease/Exch. AerSale. Inc. Tom McFarland tom.mcfarland@aersale.com +1 305-764-3208

(1) CFM56-3B1 Now - Lease Matthew White matthew.white@aersale.com +353 1475 3005

(1) CFM56-3C1 Now - Lease Matthew White matthew.white@aersale.com +353 1475 3005

(3) CFM56-5C4 Now - Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504-9204

(4) CFM56-3B1/C1 Now - Sale / Lease Tom Leimkuhler tom.leimkuhler@magellangroup.net +1 (704) 504-9204

(6) CFM56-3C1 Now - Sale/Lease/Exch. Lufthansa Technik Airmotive Irel. Alan Phelan engines@ltai.ie +353-87-2786738

Magellan Group

(6) CFM56 3C1 Now Sale/Lease/Exch. Lufthansa Technik Airmotive Irel. Alan Phelan engines@ltai.ie +353 87 2786738

(1) CFM56-3B2 Now - Sale/Lease/Exch.

(1) CFM56-5B4/P Now - Lease Castlelake Rich Gauvin rich.gauvin@castlelake.com +1 612 851 3022

(1) CFM56-7B Now - Lease

(2) CFM56-3B2 Now - Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

Ivan Graydon marketing@ses.ie + 353 61 70 6463

CFM56-5B(s)

(1) CFM56-5A3 Now - Lease Ann Lee alee@willislease.com +1 (415) 408 4769Willis Lease

SES

(1) CFM56-7B24 (Non-TI)

Now - Sale/Lease/Exch.

CFM56-5A(s)

Now - Lease

CFM56-3(s) Now - Sale/Lease/Exch.

Now - Sale/Lease/Exch.

CFM56-7B(s)

Now - Sale/Lease/Exch.

(1) CFM56-5B4/3 Now - Lease

(1) CFM56-5B4/P Now - Lease

(2) CFM56-5C4/P Now - Lease

(3) CFM56-3B2 Now - Sale / Exchange AeroTurbine Sean Thomas sthomas@aeroturbine.com +1 786 925 8517

(1) CFM56-3B1 Now - Lease

(1) CFM56-5A1 Now - Lease

(2) CFM56-5B4/3 Now - Sale / Exchange

(2) CFM56-5B4/3 Now - Lease

(5) CFM56-3C1 Now - Lease

(1) CFM56 5C4 Mar 14 Sale/Lease/Exch Apollo Aviation Group Erik Castillo erikc@apollo aero +1 (305) 579 2340

(2) CFM56-7B24/3 Now - Lease

(1) CFM56-5C4 Mar 14 - Sale/Lease/Exch. Apollo Aviation Group Erik Castillo erikc@apollo.aero +1 (305) 579-2340

(1) CFM56-7B20/2 Now - Sale/Lease/Exch.

(2) CFM56-3B2 Now - Sale/Lease/Exch.

(3) CFM56-5C3/F Now - Sale/Lease/Exch.

(1) CFM56-5C4 Now - Lease ORIX Aviation Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

(3) CFM56-3B2 Now - Sale / Lease

(1) CFM56-3B1 Now - Sale/Lease/Exch. TES Aviation Group Lee Whitehurst lee.whitehurst@tes-uk.com + 44 (0) 7760884250

Now - Sale/Lease/Exch PSG Turbines LLC Karl Drusch kdrusch@psgjets.com +1-817-296-2705

Now - Sale/Lease/Exch

Sherry Riley engine.leasing@gecas.com +1(513)782-4272GECAS Engine Leasing

JT8D E i

(2) CFM56-5A

(1) CFM56-3C1

Now - Sale

(4) CFM56-5A1/F

(1) JT8D-219 Now - Sale/Lease/Exch PSG Turbines LLC Karl Drusch kdrusch@psgjets.com +1-817-296-2705

(1) JT8D-15A Mar 14 - Sale Rising Sun Aviation Fred van Acker f.vanacker@risingsunaviation.com +1 214-906-5635

(1) JT8D-9A Now - Sale

(1) JT8D-217C/219 Now - Sale / Lease Azure Resources Jeff Young jeff@azureres.com +1-954-249-7935

(several) JT8D-200 Now - Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

Now - Sale / Lease Jet Midwest Kevin Lee / Cathy Liu cathy.liu@jetmidwest.com +1 310 652 0296

(2) JT9D-7R4D/E Now - Sale Aero Controls John Titus jtitus@aerocontrols.com +1 253 269-3000

Now - Sale / Lease Jet Midwest Kevin Lee / Cathy Liu cathy.liu@jetmidwest.com +1 310 652 0296

(34) JT9D 7R4D N S l / L

JT9D Engines

(1) JT9D-7R4D overhauled

JT8D Engines

(1) JT8D-219 or -217

(34) JT9D-7R4D Now - Sale / Lease

Bill Polyi bill.polyi@magellangroup.net +1 (704) 504-9204

PW127E/F/M and PW150A Ray Marquess ray.marquess@magellangroup.net +1 (704) 504-9204

Magellan GroupPW Small Engines

Now - Sale / LeasePW121, PW123, PW124B, PW125B,

March 31, 2014

THEAIRCRAFTANDENGINEMARKETPLACE Page 4 of 4

Contact Email Phone

PW100s (all models) Now - Sale / Lease Lufthansa Technik AERO Alzey Kai Ebach k.ebach@lhaero.com +49-6731-497-368

(5) PW150A (also Pooling available) Now - Lease

(1) PW150A Now - Sale GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(3) PW121 (ATR) Now - Sale/Lease/Exch. Dave Desaulniers delaulniers@willislease.com +1 415 516 4837(2) PW121-8 Now - Sale/Lease/Exch.

(1) PW123 Now - Sale/Lease/Exch.

(1) PW127 Now - Sale/Lease/Exch.

Willis Lease

Engine Type Sale / Lease Company

Commerical Engines (cont.)

PW Small Engines

March 31, 2014

(1) PW127M Now - Sale/Lease/Exch.

(2) PW127F Now - Sale/Lease/Exch.

(2) PW124B Now - Sale/Lease/Exch.

(1) PW150A Now - Sale/Lease/Exch.

(1) PW121 Now - Sale / Lease Royal Aero Frank Rustmeier frank@royalaero.com +49 (0)8025 99360

(1) PW2037 Now - Sale / Lease Fortress Investment Group Thomas Garbaccio Aviation@fortress.com +1 212-497-2917

(1) PW2040 Now - Sale / Lease

(2) PW2037M Now - Sale Aerolease Tim Corley tcorley@aerolease.com +1 360 8709172

(1) PW2037 Now - Sale / Exchange AeroTurbine Sean Thomas sthomas@aeroturbine.com +1 786 925 8517

PW2000 Engines

(3) PW4056-1 Now - Sale/Lease/Exch. GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(1) PW4060C-1C Now - Lease IAI Michal Bulvik mbulvik@iai.co.il +972-3-9353612

(4) PW4056/60/62 Now - Sale / Lease Bill Polyi / T. Leimkuhler tom.leimkuhler@magellangroup.net +1 (704) 504-9204

(1) PW4060-3 Dec 14 - Sale / Lease Royal Aero Frank Rustmeier frank@royalaero.com +49 (0)8025 99360

(1) PW4056-3 Now - Sale / Lease Fortress Investment Group Thomas Garbaccio Aviation@fortress.com +1 212-497-2917

(1) PW4060-3 Now - Sale / Lease

(1) PW4056-1C Now - Lease AeroTurbine Sean Thomas sthomas@aeroturbine.com +1 786 925 8517

(1) PW4056-3 Now - Lease

(1) PW4056-1 Now - Lease

(2) PW4060-1 Now - Lease

PW4000 Engines

Magellan Group

(1) PW4060-1 CN Now - Lease

(1) PW4060-3 Now - Sale / Exchange

(1) PW4056-3 Now - Sale / Lease AerSale. Inc. Tom McFarland tom.mcfarland@aersale.com +1 305-764-3208

(1) PW4056-1C Now - Sale/Lease/Exch. Tom McFarland tom.mcfarland@aersale.com +1 305-764-3208

(1) PW4056-1 Now - Sale/Lease/Exch. Tom McFarland tom.mcfarland@aersale.com +1 305-764-3208

(1) PW4062-3 Now - Sale / Lease Matthew White matthew.white@aersale.com +353 1475 3005

(2) PW4168A Now - Sale/Lease/Exch. TES Aviation Group Lee Whitehurst lee.whitehurst@tes-uk.com + 44 (0) 7760 884250

(1) PW4062 Now - Lease Willis Lease Ann Lee alee@willislease.com +1 (415) 408 4769

(1) PW4060 Now - Lease

(1) PW4168A Now - Lease

(1) PW4168A Now - Sale / Lease Engine Lease Finance Joe Hussar joseph.hussar@elfc.com +1 (617)828-3569j p @

(1) RB211-535E4 Now - Sale/Lease Rolls-Royce & Partners Finance Bobby Janagan bobby.janagan@rolls-royce.com +44 20 7227 9078

(2) RB211-535E4 Now - Sale Aerolease Tim Corley tcorley@aerolease.com +1 360 8709172

(1) RB211-535E4B Now - Sale / Lease GA Telesis Stefanie Jung sjung@gatelesis.com +1 954-958-1321

(1) RB211-535E4 Now - Sale / Lease Fortress Investment Group Thomas Garbaccio Aviation@fortress.com +1 212-497-2917

(1) RB211-535E4 /12B Now - Sale/Lease/Exch. TES Aviation Group Lee Whitehurst lee.whitehurst@tes-uk.com + 44 (0) 7760 884250

(2) Trent 800 Now - Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(1) Trent 884-17 Now - Sale/Lease/Exch. Apollo Aviation Group Erik Castillo erikc@apollo.aero +1 (305) 579-2340

(multiple) Tay 650-15 Now - Sale / Lease Jet Midwest Kevin Lee / Cathy Liu cathy liu@jetmidwest com +1 310 652 0296Tay Engines

RB211 Engines

Trent Engines

(multiple) Tay 650-15 Now - Sale / Lease Jet Midwest Kevin Lee / Cathy Liu cathy.liu@jetmidwest.com +1 310 652 0296

(1) V2527-A5 Now - Lease Willis Lease Ann Lee alee@willislease.com +1 (415) 408 4769

(1) V2533-A5 Now - Lease

(1) V2500-A1 Now - Sale / Lease ORIX Aviation Dave Houlihan dave.houlihan@orix.ie +353 872 458 418

(1) V2500-A5 Now - Sale / Exchange Killick Aerospace Patrick Brown pbrown@killickaerospace.com +1 469-644-8415

(1) V2500-A5 Now - Sale / Exchange Killick Aerospace Bjorn V. bjorn@killickaerospace.com +32 (477) 31 78 48

V2527-A5 Now - Sale / Exchange AeroTurbine Sean Thomas sthomas@aeroturbine.com +1 786 925 8517

V2527-A5 Now - Lease

(1) V2527-A5 Now - Lease Engine Lease Finance Joe Hussar joseph.hussar@elfc.com +1 617 828-3569

(1) V2533-A5 Now - Sale / Lease

(1) V2533 A5 w/QEC Now Lease Rolls Royce & Partners Finance Bobby Janagan bobby janagan@rolls royce com +44 20 7227 9078

V2500 Engines

(1) V2533-A5 w/QEC Now - Lease Rolls-Royce & Partners Finance Bobby Janagan bobby.janagan@rolls-royce.com +44 20 7227 9078

(1) V2527-A5 w/QEC Now - Lease

Description Contact Email PhoneNow - Sale Willis Lease Ann Lee alee@willislease.com +1 (415) 408 4769Now - Lease Willis Lease Ann Lee alee@willislease.com +1 (415) 408 4769Now - Sale / Lease Jet Midwest Kevin Lee / Cathy Liu cathy.liu@jetmidwest.com +1 310 652 0296Now - Sale/Lease/Exch. PSG Turbines, LLC. Karl Drusch kdrusch@psgjets.com +1-817-296-2705Now - Sale / Lease Werner Aero Services Christopher Farrell cfarrell@werneraero.com +1 201-661-6819Now - Sale Tradewinds Engine Serv. Brad Pleimann bpleimann@tesllc.aero +1 954 421 25101 V2500 QEC kit, p/n 745k9001-46

GTCP131-9A (P/N 3800708-1)

CFM56-7B and -5B engine stands for lease Now – Lease CFM56-7B Evol. LPT mod. Ass. 338-092-319-0 Now - Sale

(4) APU GTCP36-300A

Aircraft and Engine Parts, Components and Misc. Equipment

APU GTCP 131-9BNEW QEC for V2500

APU 3800298-1-2 (B767)

Company

LHT Airmotive Ireland Alan Phelan engines@ltai.ie +353-87-2786738Reliance Aircraft Terry Hix thix@relianceaircraft.com +1 512-439-6988

(1) PW901A Now - Lease LHT AERO Alzey Kai Ebach k.ebach@lhaero.com +49-6731-497-368GTCP131-9B, PW901, (2) GTCP36-300, Now - Sale/Lease/Exch. Aeroturbine Rodney Lee ralee@aeroturbine.com +1 972-813-1176GTCP131-9A, (2) RE220RJ, GTCP331-350C, APS3200

737-800 NOSE LANDING GEAR PN 162A1100-5, OH - Now SaleCFM56-3 Serv Modules (Fan/Booster/HPT/LPT/ AD compliant Gearboxes)CFM56 7B and 5B engine stands for lease Now Lease

March 31, 2014