AFI KLM and Ampaire sign electric flight agreement
October 21, 2022
Air France Industries KLM Engineering & Maintenance will partner with hybrid-electric propulsion firm Ampaire to bring worldwide resources to the introduction and global support of electrified aircraft. The memorandum of understanding announced on 19 October covers a range of mutual interests including aircraft development, maintenance training, support and data analytics. The companies intend to accelerate the introduction of sustainable aviation by utilising their respective core competencies. The two companies will focus on developing training for a worldwide network of ground engineers, installing supplemental type certificate upgrades and potential component pooling and operational data analysis to ensure optimal support. This groundwork can be extended to collaborate on support of a 19-passenger aircraft. The California-based start-up plans to market hybrid-electric upgrades for existing aircraft including the Grand Caravan and the De Havilland Canada DHC-6 Twin Otter aircraft. The nine-passenger Eco Caravan has undergone ground power tests and Ampaire plans to fly it during the second half of 2022. It is the first hybrid-electric aircraft to enter the certification process with the US Federal Aviation Administration. The start-up aims to complete a supplemental type certification for the upgraded aircraft in 2024. Ampaire chief executive Kevin Noertker advised during a previous interview in September that the start-up intends to expand its product line to larger hybrid-electric aircraft and eventually to fully electric aircraft.
Aeromexico sees big jump in Q3 operating profit
October 21, 2022
The parent company of Aeromexico made an operating profit of Ps2.02 billion ($100 million) during the third quarter, an improvement of Ps1.7 billion compared to the same period in 2021. Revenue grew 62% year on year to Ps21.4 billion, while revenue per available seat-kilometres (ASK) was up by 23%, Grupo Aeromexico states. Capacity was increased by 31% year over year, primarily driven by the sequential recovery in domestic and international markets. Cost per ASK, excluding fuel, was $0.045, a decrease of 13% compared to the same period of 2021. As of 30 September, the group's cash position stood at Ps15.4 billion. Excluding restricted cash, cash balance amounted to Ps14.7 billion. Aeromexico ended the quarter with an operating fleet of 141 aircraft, 19 more compared to the third quarter of 2021.
Former TAP chief to lead Etihad
October 20, 2022
Abu Dhabi's Etihad Aviation Group has appointed Antonoaldo Neves as chief executive, replacing Tony Douglas, who is departing the company. Neves is a former chief executive of TAP Air Portugal, where he led a major turnaround, and before that served as president of Brazilian carrier Azul. In a prior role as a partner at McKinsey, he developed a long-term plan for the development of Brazil's aviation sector. Douglas has served as Etihad group chief executive since January 2018, spearheading a transformation project by cutting costs and revamping the airline's network, resulting in a first-half 2022 operating profit of $296 million. He has decided to depart in order to pursue "an opportunity elsewhere", according to Abu Dhabi sovereign wealth fund ADQ, to which ownership of Etihad Aviation Group has been transferred from the emirate's government. During a transition phase, Douglas will remain an adviser to the board of ADQ Aviation and Aerospace Services Company. A date for Neves to take over has not been disclosed. "Tony has led Etihad through some of its most challenging times and has successfully turned the airline into a profitable and sustainable business over the past five years as part of its initial transformation programme," states Etihad group chairman Mohammed Ali Al Shorafa. "As we’re entering our next phase of sustainable growth, we are confident that Antonoaldo will build on Tony's legacy." Douglas states that despite the "unprecedented challenges" faced by the industry over recent years, the company has now been placed on a sustainable path for the future.