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WEEKLY AVIATION HEADLINES

Continued on page 3

The criminalisation of air accidents is increasing, particularly within the EU, and is an alarming element of the responsibilities of directors and key post holders in air operating companies. In re-sponse to this wor-rying situation the European Regions Airline Association (ERA), in partner-ship with associa-tion member, Hill Dickinson, a lead-ing aviation legal specialist, have updated the report Personal and corporate liability and responsibility in air accidents and incidents that explains what these threats are and how they can be best managed in the event of a se-rious incident or accident.

Criminalisation of air accidents has become a new and threaten-

ing feature in the responsibilities of directors and key post-holders in worldwide air operating compa-nies. It requires airline boards and senior management to prepare not

only for an accident or incident but also for a potential criminal pros-ecution.

The report states preparation should include various measures including insurance, training, media strategy and establishing within the airline (in anticipation of a future incident/accident) the capability of

conducting a parallel internal air ac-cident investigation. The same type of preparation is needed for any civil action that might arise follow-ing an incident or accident. States

can, and have, acted to intro-duce legislation to make it a criminal offence when a gross failure, neg-ligence or breach of duty in an or-ganisation results in death or serious

injury. Failures by senior managers to take the necessary measures can expose companies to corpo-rate manslaughter charges. Execu-tive and non-executive directors and management need to be fully aware of their legal obligations.

“In an increasingly litigious society air-line boards and senior executives need to prepare for accidents and incidents and potential criminal prosecution.”Joanna Kolatsis, co-head of Hill Dickinson’s aviation team

WORLD NEWS

Airlines need to prepare for incidents that

can lead to potential criminal

prosecution.

Photo: CTC Aviation

ISSN 1718-7966 ApRIL 27, 2015/ VOL. 487

Criminalisation of air accidents Airlines need to guard against criminal proceedings, says ERA

Emirates selects Trent 900 en-gine for 50 A380 aircraft.Rolls-Royce announced today that it has received the largest order ever won in its history with the selection by Emirates of the Trent 900 engine to power 50 Airbus A380 aircraft. The or-der will mean expected sales in excess of $1.4bn for ITp, a risk-revenue shar-ing partner with Rolls-Royce in this programme. The order will require the production of more than 200 Trent 900 engines, with ITp taking responsi-bility for the design, manufacture and assembly of the Low pressure Turbine (LpT). The production of these units will take place in the Zamudio factory and other ITp centres in Spain.

Air Transat implements fuel effi-ciency software from AviasoAir Transat signed an agreement with Aviaso for the implementation of the Aviaso/Fuel Efficiency soft-ware. Already in 2003, Air Transat started a fuel management pro-gramme having stringent measures for management of fuel consump-tion, adjustments to operations, and investments in technology. “We already have one of the best fuel-management programmes in the industry,” says Jean-François Lemay, General Manager, and Air Transat. “Implementing this system devel-oped by Aviaso gives us the means to improve our practices and further re-fine our programme, with the goal of reducing fuel burn by another 1%.”

LIAT nears completion of fleet upgrade with arrival of 9th ATRThe Caribbean Airline LIAT has added another new ATR aircraft to its fleet as the company nears completion of its fleet upgrade which commenced in 2013. LIAT now has a fleet of nine ATR aircraft – five ATR-42s with 48 seats; and four ATR 72s, each with 68 seats. The company expects to take delivery of another aircraft in 2016.

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WEEKLY AVIATION HEADLINES

AIRCRAFT & ENGINE NEWS

Skyworld Aviation arranges sale and leaseback of six EMB 170’s

Skyworld Aviation concluded the sale and lease-back of six EMB 170’s from LOT polish Airlines to a global private investment firm. The aircraft are 2004/5 vintage – serial numbers 17000029, 17000035, 17000065, 17000069, 17000073, 17000074. Skyworld Aviation was exclusively ap-pointed by LOT to market their fleet of EMB 170 aircraft, and although all six aircraft will continue in revenue service with LOT some will be offered for sub lease during 2015.

GECAS delivers new Boeing 737-800 to Hainan Airlines

GE Capital Aviation Services Limited (GECAS) delivered a new leased Boeing 737-800 aircraft to Hainan Airlines to expand the carrier’s fleet. The aircraft is part of GECAS’ existing order book with Boeing. Hainan Airlines is a long-standing GECAS customer and is the largest pri-vate airline in the people’s Republic of China. It operates a fleet of more than 160 aircraft to more than 90 destinations.

Allegiant Travel Company purchase three additional A320 aircraft

Allegiant Travel Company has purchased three additional A320 aircraft. The aircraft were most recently operated by a carrier in Europe and are scheduled to enter the Allegiant operating fleet in 2015. “We are happy to announce another successful transaction to acquire three addi-tional high quality, used A320 aircraft,” said Jude

Bricker, Senior Vice president of planning. “Since the beginning of this year, we have committed to fifteen incremental A320 series aircraft that will be added to our future operating fleet,” con-cluded Bricker.

Biman Bangladesh Airlines acquires two Q400 NextGen Turboprops from Smart Aviation

Biman Bangladesh Airlines, the national flag carrier of Bangladesh, has signed an agreement with Smart Aviation Company of Cairo, Egypt

Joanna Kolatsis, co-head of Hill Dickinson’s aviation team, re-launched the revised document on the first day of ERA’s Regional Airline Conference 2015, held in Rome between 15 and 16 April. She explains: “In an increasingly litigious society airline boards and senior executives need to pre-pare for accidents and incidents and potential criminal prosecu-tion. Failure to take the necessary measures can expose companies to corporate manslaughter charg-es and both executive and non-executive directors need to be aware of their legal obligations.”

Simon McNamara, director gen-eral ERA, adds: “Being opera-tionally prepared for a serious event is very different to being prepared for possible criminal ac-tion. The advice and information in this document explains what the threats are and, more impor-tantly, the measures available to protect against criminal liability exposure and how they can be managed should the worst hap-pen.”

The full report is available from the ERA.

McNamara: Airlines must be aware of measures available to protect against criminal liability exposure. Photo: ERA

...continued from page 1

easyJet takes delivery of its 250th Airbus aircraft

easyJet took delivery of the airline’s 250th Airbus A320 family aircraft. To celebrate this special event easyJet unveiled its newest A320 with a unique livery featuring 250 miniature aircraft. As with other recent deliveries to easyJet, the A320 is equipped with the latest technology and fuel-saving Sharklets. easyJet operates Europe’s largest and the world’s fourth largest Airbus single aisle fleet. easyJet has 158 aircraft currently on order, and in terms of total aircraft or-ders is Airbus’ third biggest airline customer.

easyJet takes delivery of its 250th Airbus aircraft with a unique livery Photo: Airbus

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April 27, 2015 / Vol. 487

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WEEKLY AVIATION HEADLINES

Omni Air International opts for Messier-Bugatti-Dowty

American’s leading charter carrier Omni Air In-ternational has chosen Messier-Bugatti-Dowty Wheel and Brake Repair and Services, the North American subsidiary of Messier-Bugatti-Dowty (Safran), to handle the maintenance, repair and overhaul (MRO) of wheels and brakes installed on its Boeing 767 fleet. This exclusive partner-ship, which was originally established in 2009, has now been extended through 2019 and cov-ers all Messier-Bugatti-Dowty equipped 767 aircraft. All equipment will be serviced at MBD Wheel and Brake Repair and Services repair centers in Milwaukee, Wisconsin and Bethle-hem, pennsylvania.

for the lease of two Q400 NextGen turboprops. While Biman’s main hub is located at Shahjalal International Airport in Dhaka, it also operates flights from its secondary hubs at Shah Amanat International Airport in Chittagong and Osmani International Airport in Sylhet. The airline pro-vides international passenger and cargo services to Asia and Europe, as well as major domestic routes inside Bangladesh. Biman has air service agreements with 42 countries and currently flies to 16 different countries.

AerCap executed 104 aircraft transactions during the first quarter

AerCap announced its transactions during the first quarter 2015: the company signed lease agreements for 67 aircraft and delivered 32 air-craft under contracted lease agreements. Aer-Cap purchased 17 new aircraft, including 2 Boe-ing 787-8s, 4 Boeing 787-9s, 6 Boeing 737-800s, 4 Airbus A321-200s and 1 Airbus A330-300 and executed sale and part-out transactions for 20 aircraft, including: 1 Airbus A310-300, 1 Airbus A319-100, 4 Airbus A320-200s, 1 Airbus A321-100, 1 Airbus A330-300, 2 Airbus A340-300s, 2 Boeing B737 classics, 2 Boeing 747-400s, 1 Boeing 757-200 and 1 Boeing B767-300ER from AerCap’s owned portfolio, and 4 Boeing 737 clas-sics from AerCap’s managed portfolio. AerCap signed financing transactions for US$1.6 bn. As of March 31st, 2015, the company portfolio con-sisted of approximately 1,640 aircraft that were either owned, managed, or under contract to purchase.

Air New Zealand selects Pratt & Whitney PurePower engines for A320neo Family aircraft

Air New Zealand has selected pratt & Whit-ney’s purepower pW1100G-JM engines for 13 firm A320neo family aircraft. The agreement also provides fleet management support ser-vices for up to 16 years. Deliveries are sched-uled to begin in 2017 and continue through 2019. The purepower Geared Turbofan (GTF) family of engines has completed more than 17,000 hours of testing, including 4,000 hours of flight time. “Air New Zealand is committed to environmental sustainability and operating one of the most advanced and fuel efficient fleets,” said Bruce parton, Chief Operations Officer, Air New Zealand. “The purepower GTF engine will enable us to not only reduce our fuel burn but also lower our operations cost which is great for our business.”

AMETEC Ameron wins contract for Fire Suppressant Systems aboard Bell Relent-less 525 helicopters

Ameron Mass Systems, a unit of AMETEK Aero-space & Defense, and a pioneer in the devel-opment of high-performance aerospace and defense components, has been selected by Bell Helicopter to provide the cargo and engine bay fire suppressant systems for the new Bell 525 Re-lentless commercial super-medium helicopter. Mass Systems, the OEM division of AMETEK Am-eron, developed a specialized solution to meet the superior safety requirements of the Bell 525 Relentless. “The Cargo Bay Fire Suppressant System we developed for the Bell 525 Relent-less is a patent-pending system that is the first of its kind installed on any aircraft. The system features uniquely operating fire bottles that are manufactured and assembled at our California

AIRCRAFT & ENGINE NEWS Over 1,500 orders for the versatile Airbus A330

Airbus’ successful widebody A330 Family has passed the major milestone of winning over 1,500 firm orders from over 100 customers. Total sales to date (1,501) include a recent order for four A330-200 Freighters from Turkish Airlines and 25 A330-900neos from Air Lease Cor-poration. The A330 is one of the world’s most efficient aircraft with best in class operating economics which is why an A330 takes off or lands every 20 seconds and over 1,100 A330 Family aircraft are flying with airlines serving more than 400 airports worldwide. As a result of this success the Family has been extended to include Freighter, VIp, and Military Transport/Tanker variants. Development continues on the A330 with numerous on-going product en-hancements entering service in the coming years, ensuring the A330 Family remains one of the most cost-efficient and capable widebody aircraft. These enhancements include the more capable 242 tonne take-off-weight variant (available for both the A330-200 and the A330-300), the A330 optimised for regional and domestic routes and the A330neo. In the future the A330 will be operating in combination with the A350 XWB, as 85% of A350 XWB customers are also A330 customers or operators. Now building on the proven economics, versatility and high reliability of the hugely popular A330, the A330-800neo and A330-900neo launched in July 2014 will reduce fuel consumption by a further 14 percent per seat compared with today’s A330, making them the most cost efficient, medium range widebody aircraft for the future on the market. To date Airbus has won 145 orders from seven customers for A330-800neo and A330-900neo. The A330 belongs to the successful Airbus widebody aircraft Family, which com-prises the A330, A350 XWB and A380, and uniquely spans the 250 to over 500 seats segment.

A330 in flight Photo: Airbus

MRO & pRODUCTION NEWS

April 27, 2015 / Vol. 487

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WEEKLY AVIATION HEADLINES

MRO & pRODUCTION NEWS Major Middle East PT6 MRO contract for Euravia

Euravia Engineering celebrates its 3rd consecutive contract for pT6 MRO services in support of a major Middle East operator. The award of this multi-million dollar contract further demon-strates Euravia’s ability to continue to offer high-quality, cost-effective services to its customers in the region. Approved by FAA, EASA, TCCA, various OEMs and numerous National Airwor-thiness Authorities, Euravia is recognised as the largest independent, approved MRO facility focussing entirely on pratt & Whitney Canada pT6A, pT6C and pT6T engines, supporting more than 200 Civil and Defence customers in over 50 countries. Euravia has established an interna-tional reputation for delivering high quality, cost-effective engine support.

Euravia staff Photo: Euravia Engineering

facility,” commented Keith Marsicola, Divisional Vice president at AMETEK Ameron. The Bell 525 Relentless allows for up to 20 passengers and can cruise distances of up to 500 nautical miles, making it well suited for various offshore deep water missions, as well as firefighting, law en-forcement and VIp operations.

UTC Aerospace Systems introduces active side-sticks to large commercial aviation

UTC Aerospace Systems is introducing the world’s first active side-stick controller for large commercial aircraft. UTC Aerospace Systems’ Actuation & propeller business unit is sup-plying the active side-sticks for the cockpit of the new Irkut MC-21 single aisle aircraft. The MC-21 family of aircraft will include two ver-sions ranging from 150 to 212 seats. The MC-21-300 is scheduled to achieve its first flight next year and enter into service in 2018. Active side-sticks provide pilots with tactile and visual feedback of the aircraft behavior. Featuring an electrical cross coupling (with override capabil-ity) and a grip backdrive in auto-pilot mode, the active controllers have been designed to

SAA Technical (SOC) Limited

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Republic of South Africa (Hereinafter referred to as “SAAT”)

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RFB NO. SAAT003/15 Aircraft Sealants

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The submission closing date for the RFB is Tuesday 05 May 2015, 11h00 (GMT +2). No late submissions will be considered.

April 27, 2015 / Vol. 487

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WEEKLY AVIATION HEADLINES

MRO & pRODUCTION NEWS Bombardier breaks ground on new Business Aircraft maintenance facility in Mainland China

Bombardier and Tianjin Air-port Economic Area have officially signed definitive agreements confirming their joint venture and have com-menced construction of a maintenance facility for Bom-bardier Business Aircraft, to be located in Tianjin, China. Leaders from both sides cel-ebrated the venture with an official ground-breaking cer-emony. The service facility, which is set to open in 2017, is 8,897 m² (95,766 ft²) includ-ing hangar and office and back

shop areas. Bombardier Business Aircraft customers will be able to receive maintenance, re-pair, overhaul, and associated activities and services at the facility. Under the joint venture agreement, the facility will be operated using similar processes and procedures that govern Bombardier’s wholly-owned Service Centre network worldwide. Bombardier currently has an installed base of over 120 business aircraft within the Greater China region.

Bombardier breaks ground on new Business Aircraft maintenance facility in Tianjin, China Photo: Bombardier

SIA Engineering Company signs US$2.9bn services agreement with Singapore Airlines

SIA announced the renewal of its comprehen-sive Services Agreement with Singapore Airlines (SIA). The existing Services Agreement with SIA expires in 2015. The new agreement, commenc-ing April 1st, 2015, is for a term of 3 years, with options to renew for 3 years and a further period of 2 years. SIAEC’s support of the SIA fleet cov-ers a broad spectrum of maintenance, repair and overhaul (MRO) and fleet management support services. The agreement is expected to yield US$2.6-2.9 billion in labour revenue over the 8-year term.

Avtrade develops component support in China

With over 100 airline and major MRO customers in North and South East Asia, Avtrade is continu-ing to raise its profile in the Asia region, with par-ticular focus on China. Supported by increased locally based CAAC approved inventory, regional component repair services and dedicated local account management, Avtrade offers customers in China an extensive range of aircraft compo-nent support solutions. Following completion of its new 9,300 m² UK warehouse and logistics cen-tre in 2014, Avtrade has developed warehouse capability throughout Asia, housing Boeing and Airbus inventory including B737, B767, A320 family/A330 and ATR aircraft available for imme-diate shipment. With offices based in China and the Asia region, and over 200 multinational and multilingual employees worldwide, Avtrade em-ploys staff representing 22 different nationalities

with the ability to speak 26 different languages, including Mandarin and Cantonese.

SmartLynx Airlines becomes latest compa-ny to sign onto GA Telesis composite repair group SNAP program

GA Telesis Composite Repair Group (CRG) has re-ported that SmartLynx Airlines has signed onto and become its latest SNAp customer. SmartLynx Airlines will not only be a part of GA Telesis’ Stra-tegic Nacelle Access program (SNAp), but it will also have 24/7/365 access to flight control surface and other structural pooled inventory to support Airbus A320 aircraft fleet operations. The agree-ment provides SmartLynx with access to a pool of serviceable thrust reversers, inlet and fan cowls and a variety of flight control surfaces for immedi-ate exchange/loan.

Ameco to provide overhaul on a PW4000 engine from A.C.C.L Airmotive Services

Ameco is providing overhaul on a pW4000 engine from A.C.C.L Airmotive Services. It is the first time for Ameco to provide engine service for a Middle East customer. Last year, A.C.C.L signed a contract with Ameco for two pW4000s overhaul services, and the one in the workshop is the first engine. Currently, Ameco can provide engine overhaul on RB211 and pW4000. Ameco is developing V2500 overhaul capability. At the beginning of April, hands-on training on a V2500 was completed. Be-longing to Air China, the first engine for overhaul is expected to arrive at the workshop soon.

provide pilots with a heightened awareness of the aircraft’s situation. Active side-sticks, which are already in use in the aviation industry, are a new development for large commercial air-craft. “The development of the active technol-ogy for large commercial aircraft constitutes an engineering breakthrough offering new features to pilots and wider opportunities for the aerospace industry,” said Arnaud Delpeuch, program Manager for Actuation & propeller Systems. The performance of the new active side-sticks was well-received by Irkut test pilots during a series of trial runs in Figeac, France.

ANA and Toyota Boshoku jointly develop new seats for economy class on domestic flights

All Nippon Airways (ANA) and Toyota Boshoku Corporation have teamed up to develop new economy class seats in line with the airline’s con-tinued commitment to quality and comfort. The seats will appear on ANA’s domestic service be-ginning June 2015, and the collaboration marks the first time for Toyota Boshoku to be involved in the development and manufacturing of air-craft seats. The project brought together ANA’s experience and expertise in the aviation sector, with Toyota Boshoku’s high-quality craftsman-ship and manufacturing capabilities, which have been refined over decades of experience pro-viding seats for a variety of Toyota’s automobile lines. By fiscal 2016, ANA plans to have installed a total of 1,560 seats across six Boeing 767-300 aircraft. This is in line with the airline’s recent initiative to provide more comfortable seating in economy class.

Jet Aviation Singapore receives FAA ap-proval for the Gulfstream G650

Jet Aviation Singapore has received approval from the Federal Aviation Administration (FAA) to provide line and base maintenance to Gulf-stream G650 aircraft. The company also added repair station approval for Thailand DCA. As a Factory Authorized Service Center and Warran-ty Repair Facility for the Gulfstream series, the FAA approval permits Jet Aviation Singapore to extend warranty line and base maintenance sup-port to owners and operators of G650 aircraft registered in the U.S. Since opening its doors last year, Jet Aviation Singapore has performed a 96-month inspection on a Bombardier Chal-lenger, two 4C inspections on Global Express and a 96-month inspection on a GIV, including paint-ing and refurbishing the interior. The company is currently gearing up for multiple 8C inspections of Global Express aircraft later this year.

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WEEKLY AVIATION HEADLINES

DAE reports record revenue and net income for full year 2014

Dubai Aerospace Enterprise (DAE) reported net income for 2014 of US$159.5m (AED 586m), an increase of 43% from US$111.6m (AED 410m) in 2013. Revenue for full year 2014 increased to US$2.112m (AED 7,761m) from US$2.105m (AED 7,735m) for full year 2013. DAE Managing Director Khalifa H. AlDaboos said: “The 2014 financial re-sults reflect a sharp improvement in the profitabil-ity of the Company. The DAE Engineering division improved its margins as a result of an enhanced focus on operational excellence. We renewed or

Airbus selects Korean Air Aerospace to manufacture Sharklet wingtips for the A330neo Family

Korean Air Aerospace Division (KAL-ASD), the aero-space manufacturing division of the Korean Air Group, has been selected by Airbus to supply new Sharklet wingtip devices including a wingspan ex-tension for the A330neo – the new variant of the best-selling A330 Family of wide-body aircraft. Un-der the terms of the agreement, KAL-ASD will man-ufacture the new composite wingtip devices at its Busan facility in South Korea, and supply them to the A330 Family final assembly line in Toulouse. Inspired by the curved wingtips on the A350 XWB, the A330neo’s devices will increase overall wing-span from the 60.3m of today’s A330ceo to 64m, while conferring increased lift with reduced drag. Along with the A330neo’s latest generation Rolls-Royce Trent 7000 engines, these new wingtips plus other aerodynamic enhancements and new cabin features will enable the aircraft to achieve an over-all 14% reduction in fuel burn per seat compared with A330ceos in service today.

Pratt & Whitney selects Christchurch En-gine Center for Geared Turbofan engine MRO network

pratt & Whitney has named Christchurch Engine Center as one of the first facilities in its Geared Turbofan engine MRO network to provide main-tenance and overhaul services for the pW1100G-JM engine. The Christchurch Engine Center, locat-ed in Christchurch, New Zealand, is a joint venture between pratt & Whitney and Air New Zealand. pratt & Whitney and its program partners, MTU and JAEC, have been initially selected to maintain the pW1000G engine fleet. Additionally selected facilities will be strategically located in Asia, Eu-rope and North America and will be tooled, trained and ready to support the fleet on Day 1 of

MRO & pRODUCTION NEWSentry into service. pratt & Whitney’s experienced, high volume shops will streamline operations, continuously improve customized work scopes, and incorporate best practices to offer the high-est quality work at competitive costs.

Ducommun wins multiyear contract from Rolls-Royce for Trent 1000-TEN aircraft engine

Ducommun Incorporated has been selected by Rolls-Royce to produce complex interconnect sys-tems for the Trent 1000-Ten engine – which will power all variants of the Boeing 787 Dreamliner. Ducommun will manufacture these products through 2022 at its operation centers in Joplin, Mo. and Guaymas, Mexico. The Trent 1000-TEN engine, scheduled to be certified by the European Aviation Safety Agency (EASA) before the end of 2015, incorporates proven, next-generation tech-nology from the latest member of the Trent en-gine family, the Trent XWB, to produce a superior engine for the Boeing 787 Dreamliner. It will have more thrust and efficiency, offering up to a three percent reduction in fuel consumption compared with the current Trent 1000 standard.

extended our agreements with OEMs to ensure the franchise’s continued long-term growth. The DAE Capital division continued its asset growth in 2014. The net book value of the portfolio at year-end 2014 was US$3.6bn (AED 13.4bn), an increase of 50% in the last three years. DAE Capital placed an order for up to 40 new ATR 72-600 aircraft to ensure future portfolio growth. As of December 2014, DAE Capital has firm commitments to ac-quire 33 additional aircraft. We continue to build a world-class team and we hired a significant num-ber of new senior team members in 2014.”

FLY Leasing re-prices US$452m 2012 term loan

FLY Leasing, a global leader in aircraft leasing, re-priced its 2012 Term Loan. The interest rate on the amended loan will be LIBOR plus 2.75%, a 0.75% reduction from the previous margin. In addition, the LIBOR floor will be reduced from 1.00% to 0.75%. As of December 31st, 2014, the facility had an outstanding principal balance of US$451.5m and financed 29 aircraft. The transaction is antici-pated to close before the end of April 2015, subject to customary closing conditions.

AeroCentury reports profitable first quarter 2015

AeroCentury, an independent aircraft leasing com-pany, reported its unaudited operating results for the first quarter ended March 31, 2015. In the first quarter of 2015, net income was US$0.8m com-pared to net income of US$0.4m for the first quar-ter of 2014. Total revenues were US$8.6m for the first quarter ended March 31st, 2015, compared to total revenues of US$8.0m for the same period a year ago. Operating lease revenues increased 10% in the first quarter of 2015 compared to the same period a year ago, primarily because of operat-ing lease revenue from aircraft purchased during 2014. The effect of these increases was partially offset by the effect of assets that were on lease in

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Technical aspecTs of a leased asseT 2015 12 May 2015, TRYP Ambassador Hotel, Madrid

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FINANCIAL NEWS

April 27, 2015 / Vol. 487

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WEEKLY AVIATION HEADLINES

the 2014 period, but off lease in the 2015 period and asset sales during 2014. Total expenses were approximately the same in the first quarter of 2015 as compared to the same period in 2014. Depre-ciation increased 25% in the first quarter of 2015 compared to the same period a year ago, primarily as a result of asset purchases in 2014. Interest ex-pense increased 44% in the 2015 period, primarily as a result of increased amortization of debt issu-ance costs. Maintenance costs on the Company’s off-lease aircraft decreased 41% in the first quarter of 2015 period compared to the same period of 2014, as a result of lower expense to prepare air-craft for re-lease.

Safran posts first-quarter 2015 adjusted rev-enue growth of 14.3%

Safran reported that first-quarter 2015 adjusted revenue was €3,935m, up 14.3% year-on-year in-cluding significant positive currency impacts main-ly due to the considerable strengthening of the USD. The average USD/EUR spot rate in Q1 2015 was 1.13 compared with 1.37 a year ago. Adjusted revenue growth was 3.4% at constant currency or 2.4% on an organic basis. Organic revenue growth was driven by continued momentum in Aerospace services and Security activities. Civil aftermar-ket grew 17.8% in USD terms, and continues to be driven by first overhauls of recent CFM56 and GE90 engines. Full-year 2015 outlook is confirmed: Safran expects adjusted revenue to increase by a percentage in the high-single digits (at an esti-mated average rate of US$ 1.20 to the Euro) and adjusted recurring operating income to grow yet again significantly in low double digits compared to 2014 at a hedged rate of US$ 1.25 to the Euro. Free cash flow is expected to represent 35% to 45% of adjusted recurring operating income, an element of uncertainty being the amount of advance pay-ments and the rhythm of payments by state clients.

Boeing reports strong first-quarter results

Boeing reported first-quarter revenue increased 8% to US$22.1bn on higher commercial deliveries. Core earnings per share (non-GAAp) increased 12% to US$1.97, reflecting strong performance across the company, and GAAp earnings per share was US$1.87. Net earnings increased 38%. The Compa-ny reaffirmed its 2015 financial and deliveries guid-ance. Cash and investments in marketable securi-ties totaled US$9.6bn at quarter-end, down from US$13.1bn at the beginning of the year, primarily due to the share repurchases and timing of cash flows. Debt was US$9.0bn, down from US$9.1bn at the beginning of the year. Total company backlog at quarter-end was US$495bn, down from US$502bn at the beginning of the year, and included net

orders for the quarter of US$15bn. Commercial Airplanes first-quarter revenue increased 21% to US$15.4bn on higher delivery volume and mix. First-quarter operating margin was 10.5%, reflect-ing the dilutive impact of higher 787 deliveries. During the quarter, Commercial Airplanes captured orders for 52 737 MAX airplanes. The 737 program has won over 2,700 firm orders for the 737 MAX since launch. Also during the quarter, the company opened a new propulsion Systems facility at Boe-ing South Carolina that will initially support the 737 MAX and 777X, delivered the first Boeing South Carolina-built 787-9 Dreamliner and received 330-minute ETOpS certification on the 747-8 Inter-continental. Commercial Airplanes booked 110 net orders during the quarter. Backlog remains strong with over 5,700 airplanes valued at US$435bn.

Southwest Airlines’ first quarter net income nearly triples

Southwest Airlines reported record first quarter net income of US$453m which included US$2m (net) of favorable special items, compared with first quarter 2014 net income of US$152m, which included US$26m (net) of favorable special items. First quarter 2015 total operating revenues in-creased 6.0% to US$4.4bn, on a 6.0% increase in ASMs, both compared with first quarter 2014, which resulted in operating unit revenues compa-rable to first quarter 2014. The growth in total op-erating revenues was largely driven by strong first quarter 2015 passenger revenues of US$4.2bn. Total operating expenses in first quarter 2015 de-creased 8.0% to US$3.6bn, compared with first quarter 2014. During first quarter 2015, the Com-pany incurred costs (before profit-sharing and taxes) associated with the acquisition and integra-tion of AirTran of US$23m and recorded a US$37m (before profit-sharing and taxes) reduction to other operating expenses related to a favorable litiga-tion settlement, both of which are special items. Excluding special items in both periods, total op-erating expenses in first quarter 2015 decreased 7.1% to US$3.6bn, compared with first quarter 2014. Operating income in first quarter 2015 was a first quarter record US$780m, compared with US$215m in first quarter 2014. Excluding special items, operating income was a first quarter record US$770m in first quarter 2015, compared with US$242m in first quarter 2014.

Alaska Air Group reports first quarter net income of US$149m

Alaska Air Group posted first quarter 2015 GAAp net income of US$149m compared to US$94m in the first quarter of 2014. Excluding the impact of mark-to-market fuel hedge adjustments, the company reported record adjusted net income of US$149m compared to adjusted net income of US$89m in 2014.

B/E Aerospace reports first quarter 2015 fi-nancial results

B/E Aerospace reported first quarter 2015 rev-enues of US$690m, an increase of 7.0% as com-pared with the prior year period (revenues in-creased 7.7 percent adjusting for the impact of Euro denominated sales). In addition, revenues from the Company’s Russian customers were severely impacted by geopolitical and macro-economic forces, and demand from defense customers was also weak. Excluding sales to Russian and defense-related end markets and adjusting for negative impact from currency, revenues increased 10.1%. Operating earnings of US$125.7m increased 10.1%, and operating margin of 18.2% expanded 50 basis points. On a GAAp basis, operating earnings increased 14.2%. First quarter 2015 net earnings and net earnings per diluted share were US$77.6m, representing increases of 21.3%, as compared with the prior year period. On a GAAp basis, net earnings and earnings per diluted share increased 22.8% and 21.3%, respectively.First quarter 2015 commercial aircraft segment (“CAS”) revenues of US$526.1mn were negatively impacted by a significant decline in sales to Rus-sian and defense end markets. Exclusive of the aforementioned factors and adjusted for negative impact from currency, CAS revenues increased 2.9%. Operating earnings of US$98.4m increased 5.7%, and operating margin of 18.7% increased 90 basis points as a result of favorable product mix including higher aftermarket revenues.First quarter 2015 business jet segment (“BJS”) revenues of US$163.9m increased 35.2%. Rev-enue growth was driven by higher sales of super-first class products and acquisitions. BJS revenues excluding the impact of acquisitions increased 8.9%. Operating earnings increased 29.4% to US$27.3m, and operating margin of 16.7% reflects increased investment in develop-ing additional new, highly innovative, bespoke product offerings.

UAL reports first-quarter 2015 profit of US$582m

United Airlines (UAL) reported first-quarter 2015 net income of US$582m, excluding US$74m of special items. Including special items, UAL reported first-quarter net income of US$508m. These results are a record first-quarter profit for the company. For the first quarter of 2015, total revenue was US$8.6bn, a decrease of 1.0% year-over-year. First-quarter consolidated passenger revenue increased 0.5% to US$7.4bn, compared to the same period in 2014. Ancillary revenue per passenger in the first quarter increased 8.6% year-over-year to more than US$23 per passenger. First-quarter cargo revenue grew 15.8% year-over-year to US$242m. Other revenue in the first quarter decreased 14.2% year-over-year, mostly due to the reduction in sales of fuel to a third party.

FINANCIAL NEWS

April 27, 2015 / Vol. 487

10

WEEKLY AVIATION HEADLINES

British Airways has signed an exclusive agreement with airline pilot training and resourcing company CTC Aviation to deliver Airbus A320 conversion

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Technical aspecTs of a leased asseT 2015 12 May 2015, TRYP Ambassador Hotel, Madrid

MainTenance ReseRves TRaining seMinaR 2015

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training for the airline’s newly qualified and ex-perienced pilots; including those changing aircraft type as they move into Command roles. Initial plans will see up to 200 pilots commencing A320 type conversion training with CTC Aviation. This is the first time that British Airways has partnered with an independent external training provider to deliver type conversion training for existing, employed pilots. However, Britain’s most iconic of airlines has been entrusting CTC Aviation to de-liver airline pilot training since 1996 when the first BA Jet Orientation Courses (JOC) were launched. Since 2011, CTC Aviation (through ‘Airline place-ment Limited’ – a wholly-owned subsidiary of the CTC Aviation group) – has managed the entire British Airways Future pilot programme (Fpp) on behalf of the airline; managing the intake of all

CTC Aviation Ground School Photo: CTC Aviation

OTHER NEWS

Boeing-built CH-147F maintenance train-ing center opens in Canada

In 2013 and 2014, the Royal Canadian Air Force (RCAF) took delivery of 15 new Boeing-built CH-147F Chinook helicopters, among the most ca-pable and advanced variants of the legendary Chinook family. Now, the RCAF and Boeing have unveiled an equally advanced training facility for those helicopters. The Medium-to-Heavy Lift Heli-copters (MHLH) Maintenance Training Center at Garrison petawawa, Ontario is a world-class facil-ity that has already begun enhancing the skills of maintenance personnel responsible for the readi-ness and support of the RCAF’s CH-147F fleet. The formal grand opening comes shortly after an initial class of eighteen technicians graduated from the center’s first RCAF-led training courses. On June 30th, 2014, Boeing celebrated delivery of the 15th CH-147F to the RCAF, completing the MHLH order on budget and ahead of schedule. Boeing training and support have been essential elements of the MHLH program from its beginnings.

AAR awarded new contract from Bell Hel-icopter Textron to provide logistics sup-port for T64 engines

Bell Helicopter Textron (“Bell Helicopter”) awarded its AAR’s Defense Systems & Logis-tics (DS&L) business unit a contract providing warehouse and logistics services in support of upgrading T64 engines for the Bell V-280 Valor technical demonstrator aircraft. The two-year agreement is the first between the global aer-ospace and defense contractor AAR and Bell Helicopter, producer of commercial and military aircraft. AAR will support this effort from its lo-gistics operation located in Havelock, N.C. The Bell V-280 Valor is a third-generation tiltrotor aircraft participating in the U.S. Army’s Future Vertical Lift (FVL) program. The V-280 Valor de-sign was selected by the U.S. Army for the Joint Multi-Role Technology Demonstrator (JMR-TD) phase to serve as a precursor to FVL, a program which will create the next generation of vertical lift aircraft for the U.S. military. Bell Helicopter anticipates using a version of the Future Afford-able Turbine Engine (FATE) in the production ver-sion of the V-280 Valor.

MILITARY AND DEFENCE

April 27, 2015 / Vol. 487

11

WEEKLY AVIATION HEADLINES

• Cabot Aviation has hired Sebastian Tay-lor as Regional Sales Manager. Sebastian started his aviation career working for a leading air charter broker and joins Cabot to assist with its aircraft remarketing work. He is based at Cabot’s UK office. Cabot also announced that Howard Richardson has retired after several very successful years remarketing aircraft.

• Rolls-Royce has released that John Rishton has decided to retire as Chief Executive on July 2nd, 2015. He will be succeeded by Warren East, whose appointment follows an extensive international search. Warren East was CEO of ARM Holdings from 2001 to 2013. Under his leadership ARM became one of the world’s leading developers of semi-conductors with an outstanding record

of innovation and a strong commitment to R&D. Warren has been a Non-Executive Di-rector of Rolls-Royce since January 2014.

• Bombardier Com-mercial Aircraft announced the ap-pointment of Colin Bole as its new Sen-ior Vice president, Sales and Asset Management, effec-tive mid-May, 2015. prior to joining

Bombardier, Mr. Bole was Chief Commercial Officer at Intrepid Aviation, a leasing com-pany, and spent four years at International Lease Finance Corporation (ILFC) where he was successively Senior Vice president & Head, Europe, Middle East and Africa, and Head of Asia-pacific.

• Wesco Aircraft, a provider of comprehen-sive supply chain management services to the global aerospace industry, has appoint-ed Richard J. Weller as executive vice presi-dent and chief financial officer, effective May 4th, 2015. Mr. Weller succeeds Greg-ory A. Hann, who retired on March 3131, 2015. K. Lynn Mackison, who is serving as acting chief financial officer in the interim period, will continue as vice president and global controller, a position she has held with the company since January 2015.

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Recommended Eventsnew entrant pilots through the programme and into employment.

Baltic Aviation Academy, an aviation training centre based in Central Europe, expands its training capabilities into the Asian market by establishing a BAA Singapore training base. In cooperation with its China-based partner, aero-space company Haite Group, BAA Singapore is ready to provide pilot Type Rating, Cabin Crew and Ground Handling training to Asia, pacific and MENA markets. Baltic Aviation Academy is a well-known EASA standard aviation training provider for Europe, CIS, Asia, pacific and MENA aviation markets. The training centre took its first steps into the Asia pacific market two years ago. Through this period aviation training has not only been adapted to meet clients’ needs in the region, but has also proven to be a provider of customized and cost-effective training solu-tions. Such companies as Pakistan Internation-al Airlines, Pelita Air, Hevilift, AirOne Aviation Pvt Ltd, Saurya Airlines, Air Mandalay, Myan-mar National Airways, Mid East Jet, Karlstar and Ariana have been working with Baltic Avia-tion Academy since then.

SAFRAN Snecma and Aeromat France have signed a partnership to provide worldwide lease service of engine stands for all types of CFM56 engines. Aeromat will manage the pool of stands according to OEM regulations for such equip-ment. This engine stand lease service will be pro-vided for SAFRAN Snecma Group but also for any other customer requiring CFM56 engine stands.

Colin BolePhoto: Bombardier INDUSTRY pEOpLE

OTHER NEWS

International Paris Air Show June 15, 2015 – June 21, 2015 Le Bourget exhibition centre World Routes September 20, 2015 – September 22, 2015 Moses Mabhida Stadium, Durban ATC Global Dubai 2015 October 05, 2015 – October 07, 2015 Dubai World Trade Center GATE – Gulf Aviation Training Event November 09, 2015 – November 10, 2015 Dubai World Central, Dubai, United Arab Emirates

Page 1 of 4

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

A300B4-200F Rising Sun Aviation None 141 1981 Now Sale Fred Van Acker f.vanacker@risingsunaviation.com +1 214-906-5635

A300B4-200F Rising Sun Aviation None 149 1981 Now Sale Fred Van Acker f.vanacker@risingsunaviation.com +1 214-906-5635

A319-133 Amentum Capital V2527M-A5 3705 2008 Now Sale / Lease Jack Hynes marketing@amentum.aero +353 16310333

A320-200 ORIX Aviation V2527-A5 2651 2006 Q1/2016 Sale / Lease Daniel Cunningham daniel.cunningham@orix.ie +353 871774524

A320-200 ORIX Aviation CFM56-5B4 2810 2006 Q2/2016 Lease Daniel Cunningham daniel.cunningham@orix.ie +353 871774524

A320-200 ORIX Aviation V2527-A5 1888 2002 Q2/2016 Lease Daniel Cunningham daniel.cunningham@orix.ie +353 871774524

A320-233 Aersale V2527-A5 2102 2003 Now Sale / Lease Aidan Harrison aidan.harrison@aersale.com +1 305 764 3238

A330 223 A t C it l PW4168A 970 2008 Q3/2015 S l / L J k H k ti @ t +353 16310333

Commercial Jet Aircraft

April 27, 2015

A330-223 Amentum Capital PW4168A 970 2008 Q3/2015 Sale / Lease Jack Hynes marketing@amentum.aero +353 16310333

A330-223 Amentum Capital PW4168A 943 2008 Mar 2016 Sale / Lease Jack Hynes marketing@amentum.aero +353 16310333

A330-223 Amentum Capital PW4168A 962 2008 Mar 2016 Sale / Lease Jack Hynes marketing@amentum.aero +353 16310333

A330-223 Amentum Capital PW4168A 979 2009 Oct 2016 Sale / Lease Jack Hynes marketing@amentum.aero +353 16310333

A340-200 GA Telesis CFM56-5C3/F 14 Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

A340-200 GA Telesis CFM56-5C3/F 22 Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

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

B737-300F ORIX Aviation CFM56-3B2 24710 1990 Q3/2015 Sale Cian Coakley cian.coakley@orix.ie +353 877760451

B737-400 Wing Capital CFM56-3C1 26066 Jan 2015 Sale / Lease Ben Jacques bjacques@wngcapital.com +353 766025252

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 28550 1997 Now Sale / Lease Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456

B737-400 World Star Aviation Services CFM56-3C1 24796 Jun 2015 Sale / Lease Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456

B737-400 Safair Operations Combi May 2015 ACMI only C. Schoonderwoerd corneliss@safair.co.za +27 11 928 0000

B737-700 ORIX Aviation CFM56-7B20/3 34693 2007 Q1/2016 Lease Cian Coakley cian.coakley@orix.ie +353 877760451

B737-800 ORIX Aviation CFM56-7B20/3 35132 2007 Q1/2016 Lease Cian Coakley cian.coakley@orix.ie +353 877760451

B737-800 ORIX Aviation CFM56-7B24 34182 2006 Q4/2015 Sale / Lease Cian Coakley cian.coakley@orix.ie +353 877760451

B737-800 (5) Wing Capital CFM56-7B26 various 7-12/2015 Lease Ben Jacques bjacques@wngcapital.com +353 766025252

B737‐86J Aersale CFM56-7B26 32625 Now Sale / Lease Craig Wright Craig.Wright@aersale.com +1 305 764 3238

B737‐86J Aersale CFM56-7B26 32624 Now Sale / Lease Craig Wright Craig.Wright@aersale.com +1 305 764 3238

East Africa

g g g g @

B737‐86J Aersale CFM56-7B26 30881 Now Sale / Lease Craig Wright Craig.Wright@aersale.com +1 305 764 3238

B737‐86J Aersale CFM56-7B26 32917 Now Sale / Lease Craig Wright Craig.Wright@aersale.com +1 305 764 3238

B747-400 GA Telesis airframe only 24993 1991 Q1/2015 Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

B747-400 GA Telesis airframe only 27093 1992 Q1/2015 Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

B747-400 GA Telesis CF6-80 28960 1998 Now Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

B747-400 GA Telesis CF6-80 28959 1998 Now Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

B747-400ERF Amentum Capital CF6-80C2B5F 37303 2009 Nov 2015 Sale / Lease Jack Hynes marketing@amentum.aero +353 16310333

B747-400SF Wing Capital P&W 24998 Now Sale / Lease Ben Jacques bjacques@wngcapital.com +353 766025252

B757-200 mba aircraft solutions RB211-535E4B 24580 1990 Now Sale / Lease Jacob Agnew jagnew@mbaas.aero +1 703 276 3202

B757-200 GA Telesis RB211-535 24603 1990 May 2015 Sale Stefanie Jung sjung@gatelesis com +1 954-958-1321B757-200 GA Telesis RB211-535 24603 1990 May 2015 Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

B757-200 GA Telesis RB211-535 24589 1991 May 2015 Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

B767-200ER Castlelake CF6-80C2B2 23900 1987 Feb 2015 Sale / Lease Joe Giarritano joe.giarritano@castlelake.com +1 612 851 3032

B767-200ER Castlelake CF6-80C2B2 23901 1987 Q1/Q2 2015

Sale / Lease Joe Giarritano joe.giarritano@castlelake.com +1 612 851 3032

B767-200ER Castlelake CF6-80C2B2 23902 1988 Q1/Q2 2015

Sale / Lease Joe Giarritano joe.giarritano@castlelake.com +1 612 851 3032

B767-200ER Castlelake CF6-80C2B2 26847 1993 Q1/Q2 2015

Sale / Lease Joe Giarritano joe.giarritano@castlelake.com +1 612 851 3032

B767-200ER Castlelake CF6-80C2B2 24764 1990 Q1/Q2 2015

Sale / Lease Joe Giarritano joe.giarritano@castlelake.com +1 612 851 3032

B767-200ER Castlelake CF6-80C2B2 24765 1990 Q1/Q2 2015

Sale / Lease Joe Giarritano joe.giarritano@castlelake.com +1 612 851 3032

B767‐27GER Aersale CF6-80C2B4 27048 1993 Now Sale / Lease Bill Kmiotek bill.kmiotek@aersale.com +1 305 764 3238

B777-212 Aersale Trent 892 28508 1997 Jul 2015 Sale / Lease Dave Settergren dave.settergren@aersale.com +1 305 764 3238

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 April 2015 ACMI only C. Schoonderwoerd corneliss@safair.co.za +27 11 928 0000

MD82 GA Telesis JT8D-200 53155 1990 Now Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

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

CRJ100 GA Telesis 7250 Now Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

CRJ100 GA Telesis 7273 Now Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

CRJ100 GA Telesis 7259 May 2015 Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

Regional Jet / Turboprop Aircraft

East Africa

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

April 27, 2015

THEAIRCRAFTANDENGINEMARKETPLACE

April 20, 2015www.gatelesis.com

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

GECASEngine Leasing

Page 2 of 4

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

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

ERJ-145ER GA Telesis 1998 Now Sale / Lease Stefanie Jung sjung@gatelesis.com +1 954-958-1321

ERJ-145ER GA Telesis 1998 Now Sale / Lease Stefanie Jung sjung@gatelesis.com +1 954-958-1321

Regional Jet / Turboprop Aircraft (cont.)

April 27, 2015

ERJ-145ER GA Telesis 1998 Now Sale / Lease Stefanie Jung sjung@gatelesis.com +1 954-958-1321

Contact Email Phone

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

Contact Email Phone

(2) AE3007A1 Now - Sale/Lease/Exch. Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

Contact Email Phone

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

Company

Now - Sale / Lease

Company

Commerical Engines

CompanyAE3007 Engines

Sale / LeaseMultiple Types

Multiple Engines GE / CFM / RB211 GECAS Engine Leasing

Sale / Lease

CF34 Engines

Magellan Aviation Group

Sale / Lease

(8) CF34-10E Now - Lease

(9) CF34-8C Now - Lease

(1) CF34-3B1 Now - Lease

(4) CF34-3A Now - Sale / Lease

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

(2) CF34-3A1 Now - Sale / Lease

(1) CF34-8C5/B1 Now - Sale/Lease/Exch. Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

(1) CF34-8C5 Now - Lease Engine Lease Finance Joe Hussar joseph.hussar@elfc.com +1 617 828-3569

(1) CF34-10E6 Now - Lease David Desaulniers ddesaulniers@willislease.com +1 415 516 4837

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

Magellan Aviation Group

Willis Lease

(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

Contact Email Phone

(1) CF6-80C2B1F Apollo Aviation Group Claudia Luppino claudial@apollo.aero +3531 497 6621

(1) CF6-80C2A2

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

(1) CF6-50 Now - Sale / Lease Phoenix Aer Capital Bob Gallagher REG@PACLLC.AERO +1 727-376-9292

(1) CF6-80C2B7F 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. Steven Boecker steven.boecker@aersale.com +1 305 815-9855

CF6 Engines

Taking Aviation Forward, LLC

Sale / Lease

GECAS Engine Leasing

Company

CF34-8E(s)

Now - Sale/Lease/Exch.

Willis Lease

Now - Sale/Lease/Exch.

Now - Sale / Lease

(1) CF6 80C2B1F Now Sale / Lease AerSale. Inc. Steven Boecker steven.boecker@aersale.com 1 305 815 9855

(1) CF6-80C2B6F Now - Sale / Lease Steven Boecker steven.boecker@aersale.com +1 305 815-9855

(1) CF6-80C2B7F Now - Sale / Lease Matthew White matthew.white@aersale.com +353 1475 3005

(3) CFM56-3C1 Now - Sale / Lease Wing Capital Ben Jacques bjacques@wngcapital.com +353 766025252

(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 Tom McFarland Aviation@fortress.com +1 305-520-2349

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

(1) CF6-80C2B1F AeroTurbine Elizabeth Peters epeters@aeroturbine.com +1 (214) 263-1173

(1) CF6-80C2B6F Now - Sale / Exchange or

(2) CF6-80C2B6F Now - Lease Andrew McCain amccain@aeroturbine.com +1 (786) 879-0830

Now - Sale / Exchange

(1) CF6-80C2B6 PMC Now - Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

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

(1) CF6-80C2B4 Now - Sale / Lease

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

(2) CF6-80C2B7F Now - Lease Engine Lease Finance Joe Hussar joseph.hussar@elfc.com +1 (617)828-3569

Contact Email Phone

CFM56-3C1 (SV) Now - Sale / Lease TrueAero, LLC Brent Corrie bcorrie@trueaero.com +1 561-310-3242

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

(2) CFM56-5A3 Now - Sale Aeronautics Fund Jerome Guichard jg@afd.aero +33 6 88 92 28 54

(1) CFM56-7B27 Now - Lease Engine Lease Finance Joe Hussar joseph.hussar@elfc.com +1 617 828-3569

CFM56 Engines Sale / Lease Company

( ) g j p @

(1) CFM56-5B1/P Now - Lease

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

(3) CFM56-5A1 Now - Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(4) CFM56-5B Q2/2015 - Sale / Lease

(1) CFM56 3B2 N S l / L F t I t t G T M F l d A i ti @f t +1 305 520 2349

Royal Aero

CompanySale / Lease

Commerical Engines (cont.)

CFM56 Engines

April 27, 2015

(1) CFM56-3B2 Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

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

(1) CFM56-7B27/3B1F Now - Sale/Lease/Exch. AerSale. Inc. Alan Kehoe Alan.Kehoe@aersale.com +353 879 393 534

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

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

(1) CFM56-5C4 Now - Sale/Lease/Exch. Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

(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.

(2) CFM56-7B Now - Sale / Lease Castlelake Neil McCrossan neil.mccrossan@castlelake.com +44-207-190-6119

(1)CFM56-5C3F Now - Sale / Lease

Magellan Aviation Group

(1)CFM56 5C3F Now Sale / Lease

(1) CFM56-5B Now - Sale/Lease/Exch. Werner Aero Services Cliff Topham ctopham@werneraero.com +1-703-402-7430

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

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

CFM56-5B(s)

Ann Lee alee@willislease.com +1 (415) 408 4769

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

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

Willis Lease

SESCFM56-3(s)

CFM56-5A(s)

Now - Lease

Now - Sale/Lease/Exch.

Now - Sale/Lease/Exch.

Now - Sale/Lease/Exch.

CFM56-7B(s)

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

Now - Sale/Lease/Exch.

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

(1) CFM56-5A3 Now - Lease

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

(3) CFM56-3C1 Now - Sale / Exchange AeroTurbine Elizabeth Peters epeters@aeroturbine.com +1 (214) 263-1173

(2) CFM56-5A1F Now - Lease or

(2) CFM56-3C1 Now - Lease Andrew McCain amccain@aeroturbine.com +1 (786) 879-0830

(1) CFM56-3B1 Now - Lease

(2) CFM56-3B2 Now - Sale / Exchange

(1) CFM56-7B22 Now - Sale / Exchange

(1) CFM56-7B Now - Lease(1) CFM56-7B Now - Lease

(1) CFM56-5B Now - Sale/Lease/Exch. Apollo Aviation Group Claudia Luppino claudial@apollo.aero +3531 497 6621

(2) CFM56-5C4 Now - Sale/Lease/Exch.

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

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

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

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

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

Contact Email Phone

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

Sale / Lease Company

GECAS Engine Leasing

JT8D Engines

Now - Sale(2) CFM56-5A

Contact Email Phone

PW121 Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

PW123

PW125B

PW127E/F/M

PW150A

PW127F Now - Sale/Lease/Exch. Logix.Aero JC Morin jcmorin@logix.aero +33 647 824 262

PW127M Now - Sale/Lease/Exch.

(2) JT9D7R4 Now Sale / Lease Phoenix Aer Capital Bob Gallagher REG@PACLLC AERO +1 727 376 9292

Now - Sale/Lease/Exch.

Now - Sale/Lease/Exch.

Magellan Aviation Group

Now - Sale/Lease/Exch.

Now - Sale/Lease/Exch.

Now - Sale/Lease/Exch.

PW124B

Now - Sale/Lease/Exch.

PW Small Engines Sale / Lease Company

(2) JT9D7R4 Now - Sale / Lease Phoenix Aer Capital Bob Gallagher REG@PACLLC.AERO +1 727-376-9292

(3) PW121 (ATR) Now - Sale/Lease/Exch. David Desaulniers ddesaulniers@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.

(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

Willis Lease

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

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

April 27, 2015

THEAIRCRAFTANDENGINEMARKETPLACE

Page 4 of 4

Contact Email Phone

(1) PW119B RGB Now - Lease Lufthansa Technik AERO Alzey Kai Ebach k.ebach@lhaero.com +49-6731-497-368

(1) PW119B Now - Lease

(3) PW120A Now - Lease

(2) PW121 (ATR) Now - Lease

(6) PW123B Now - Lease

(2) PW124B Now - Lease

(3) PW125B Now - Lease

( )

Company

Commerical Engines (cont.)

Sale / LeasePW Small Engines

April 27, 2015

(3) PW127F Now - Lease

(4) PW127M Now - Lease

(7) PW150A Now - Lease

(1) PW150 GRB Now - Lease

Contact Email Phone

(1) PW2037 Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

(1) PW2037 Now - Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(2) PW2037 Now - Sale / Lease Castlelake Neil McCrossan NEIL.MCCROSSAN@CASTLELAKE.COM +44 (0) 207 190 6119

(3) PW2037 Now - Sale / Exchange AeroTurbine Elizabeth Peters epeters@aeroturbine.com +1 (214) 263-1173

Contact Email PhoneCompanySale / LeasePW4000 Engines

CompanySale / LeasePW2000 Engines

Contact Email Phone

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

(2) PW4060-3 ETOPS Now - Sale/Lease/Exch.

PW4056-3 Now - Sale/Lease/Exch. Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

(2) PW4056-3 Now - Sale / Exchange AeroTurbine Elizabeth Peters epeters@aeroturbine.com +1 (214) 263-1173

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

(4) PW4056 Now - Sale / Lease Wing Capital Ben Jacques bjacques@wngcapital.com +353 766025252

(1) PW4056-3 Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

(1) PW4060-3 Now - Sale / Lease AerSale. Inc. Steven Boecker steven.boecker@aersale.com +1 305 815-9855

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

(1) PW4056 3 N S l / L Al K h Al K h @ l +353 879 393 534

CompanySale / LeasePW4000 Engines

Magellan Aviation Group

(1) PW4056-3 Now - Sale / Lease Alan Kehoe Alan.Kehoe@aersale.com +353 879 393 534

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

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

Contact Email Phone

(1) RB211-524 Now - Sale / Lease AerSale. Inc. Matthew White matthew.white@aersale.com +353 1475 3005

(1) RB211-535E4 Now - Sale / Lease

(1) RB211-535E4B Now - Sale mba aircraft solutions Jacob Agnew jagnew@mbaas.aero +1 703 276 3202

(1) RB211-535E4 Now - Sale/Exchange TEMCO Ltd. James Chapman JAMES@TEMCOUK.COM +44 (0)1273-304354

(1) RB211-535E4 Now - Sale / Lease Castlelake Neil McCrossan NEIL.MCCROSSAN@CASTLELAKE.COM +44 (0) 207 190 6119

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

RB211 Engines CompanySale / Lease

(1) RB211-535E4 Now - Sale World Star Aviation Services Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456

Contact Email Phone

Tay650-15 Now - Sale / Lease Jetran, LLC. Leo Nadeau lnadeau@jetran.aero +1 (512) 294-6727

Contact Email Phone

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

(1) Trent 884/892 Now - Sale/Lease/Exch. Apollo Aviation Group Claudia Luppino claudial@apollo.aero +3531 497 6621

Contact Email Phone

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

(1) V2533-A5 Now - Lease

(1) V2527-A5 Now - Sale/Lease/Exch. Elizabeth Peters epeters@aeroturbine.com +1 (214) 263-1173

V2500 Engines

Sale / Lease CompanyTrent Engines

Sale / Lease Company

Tay Engines Sale / Lease Company

(1) V2527 A5 Now Sale/Lease/Exch. Elizabeth Peters epeters@aeroturbine.com +1 (214) 263 1173

(2) V2533-A5 Now - Sale/Lease/Exch. or Andrew McCain amccain@aeroturbine.com +1 (786) 879-0830

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

V2500-A5 Now - Sale/Lease/Exch. Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

(1) V2533-A5 Now - Sale/Lease/Exch. Werner Aero Services Cliff Topham ctopham@werneraero.com +1-703-402-7430

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

(1) V2533-A5 Now - Sale / Lease

Description Contact Email Phone

Aircraft and Engine Parts, Components and Misc. EquipmentCompany

Magellan Aviation Group

A320 Fresh Part-out Now - Sale TrueAero, LLC Raul Miro/Dave Walters sales@trueaero.com +1 772-925-8026

A320 Landing Gear with Fresh Tags Now - Sale

737-500 Fresh Part-out Now - Sale

PW4000, CFM56-3/5/7, V2500, CF34-3/8 Now - Lease Stands on Demand, Inc. Yexceld Perez yperez@standsondemand.com +1 305-558-8973

Engine Stands and more

APU131-9B, APU 331-500B Now - Sale/Lease/Exch. Logix.Aero JC Morin jcmorin@logix.aero +33 647 824 262

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

Now - Sale / Lease Phoenix Aer Capital Bob Gallagher REG@PACLLC.AERO +1 727-376-9292

Now - Sale / Lease Werner Aero Services Christopher Farrell cfarrell@werneraero.com +1 201-661-6819

Now - Sale / Lease

Now - Sale Tradewinds Engine Serv. Brad Pleimann bpleimann@tesllc.aero +1 954 421 2510

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

CFM56-7B Evol. LPT mod. Ass. 338-092-319-0

GTCP36-300A (P/N 3800278-4)

(1) APU GTCP331-200 and (2) APU APS 2000

APU GTCP 131-9B, GTCP 331-500B

Now – Lease

Reliance Aircraft Terry Hix thix@relianceaircraft.com +1 512-439-6988

(4) PW901A, (2) PW901C Now - Lease Lufthansa Technik AERO Alzey Kai Ebach k.ebach@lhaero.com +49-6731-497-368

(1) CF34-8C - LPT Module Now - Sale

GTCP131-9B, PW901, (2) GTCP36-300, Now - Sale/Lease/Exch. Aeroturbine Rodney Lee ralee@aeroturbine.com +1 972-813-1176

GTCP131-9A, (2) RE220RJ, GTCP331-350C, APS3200

737-800 NOSE LANDING GEAR PN 162A1100-5, OH - Now Sale

CFM56-5B/5C/7B and V2500-A5 engine stands

April 27, 2015

THEAIRCRAFTANDENGINEMARKETPLACE