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November 2016

Airbus/SIAEC MRO joint venture set to go bookmark

Airbus and SIA Engineering Company (SIAEC) have completed the incorporation in Singapore of their new joint venture maintenance and overhaul company, first announced earlier this year at the Singapore Airshow. Having received all necessary approvals from competition authorities, the new company will be named Heavy Maintenance Singapore Services (HMS Services) and will begin operations in December. SIAEC holds a 65% equity stake in HMS Services with Airbus holding 35%.


The new company will provide airframe maintenance, cabin upgrade and modification services for Airbus A330, A350 and A380 aircraft to airlines in the Asia-Pacific region and beyond. HMS Services will work with Airbus to be designated as the manufacturer’s Centre of Excellence for Heavy Maintenance for the A350 and A380 in the region.

New 737 PTF player bookmark

Texas-based aircraft lease-finance specialist Spectre Air Capital has announced an initial order of 15 firm plus rolling options for Boeing 737-700 and Boeing 737-800 passenger-to-freighter conversions with Israel Aerospace Industries (IAI), and a launch order from Seoul, South Korea-based Air Incheon for three 737-800 freighters on long-term lease for delivery beginning in 2017. This will be managed by Spectre Cargo Solutions (SCS).


Jordan Jaffe, Spectre’s Chief Executive Officer and Co-founder, commented: “Demand for express freighters is at an all-time high, with hundreds more required in the coming years to meet the demand created by rapid growthin e-commerce and expansion of the global middle class. The classic freighter feedstock is becoming increasingly scarce and overly expensive for their age. We intend to leverage our ability to purchase in fleet-sized transactions to offer next-generation freighters with attractive economics. Spectre’s order means that 737-700 and 737-800 freighters will be available on a turnkey basis for lease and purchase to customers beginning from 1Q17 (-700F) and 3Q17 (-800F), with Spectre taking the attendant technical, financial and schedule risks inherent with aircraft acquisition and PTF modification programmes such as these.”


Spectre’s large Boeing 737NG freighter commitment follows its 20-aircraft Boeing 767-300ER collaboration earlier this year with aircraft trading partner Jetran, the majority of which will become freighters and be operated in support of e-commerce giants such as Amazon’s Prime Air and China-based Alibaba.


In addition to serving as IAI’s 737-800 launch customer and second major 737-700F customer (after Alaska Airlines), Spectre is actively supporting 737 Classic, 757 and 767 freighter customers with aircraft modified by most major STC brands. Spectre has current availability on 737-300F, 737-400F, 757-200F, 767-300F, and is offering advance positions on 737-700F (from Q1 2017) and 737-800F (Q4 2017). 

AAR to assist SAAT bookmark

AAR has signed a five-year agreement to provide power-by-the-hour component inventory management and repair services to South African Airways Technical (SAAT). The contract is valued up to $125 million. AAR has teamed with local joint venture partner, JM Aviation South Africa, to support South African Airways’ fleet with nose-to-tail component and repair management. JM Aviation will provide day-to-day, on-the-ground account management and technical support and will work closely with AAR’s global parts supply warehouse team in Brussels. Work officially began on 1 October.


The joint venture also will focus on growing SAAT’s MRO services to third-party customers/airlines across the continent, and fulfils a key objective of the South African government to extend aviation services contracts to black-owned firms that, like JM Aviation, are certified BBBEE, or broad-based black economic enterprise businesses. In addition, AAR will offer airframe and avionics skills training to SAAT and JM Aviation workers, facilitating a knowledge transfer to support the growth of black-owned businesses in Africa’s aviation sector.


SAAT will gain access to AAR’s operational analysis and technical assistance for MRO, as well as warehouse facilities and integrated IT solutions for MRO. AAR has a global reputation in the aviation sector for improving operational efficiencies and turn times, and lowering costs through its customer-centric solutions. AAR also will support expansion of SAAT’s component repair capabilities, including landing gear, and potentially support a new MRO facility in west and central Africa to meet growing regional travel in sub-Saharan Africa.

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