ARC NEWS
​Aeromexico receives alliance proposal from key stakeholders
November 15, 2021
Grupo Aeromexico has received a joint alliance proposal from lenders under Tranche 2 of its DIP financing facility and from certain existing creditors and new investors. The alliance proposal is supported by group's strategic partner and shareholder Delta Air Lines, Aeromexico notes. It says the proposal provides an implementable solution, through a "solid group of long-term Mexican investors", to comply with foreign ownership requirements. Grupo Aeromexico says its board has instructed its restructuring advisors to prepare a revised version of the Chapter 11 reorganisation plan and a disclosure statement that reflects the terms of the alliance proposal. The hearing to approve the disclosure statement and to confirm the reorganisation plan has been adjourned to a new date to be set in due course by the bankruptcy court. The group says it will work with all key stakeholders to finalise and file the reorganisation plan documents, obtain court approval, and solicit votes in favour of the plan once the disclosure statement is approved, in order to emerge from Chapter 11 proceedings as expeditiously as possible.


​EasyJet joins net-zero carbon emissions campaign
November 15, 2021
EasyJet has joined the United Nations-backed "Race to Zero" campaign to achieve net-zero carbon emissions. This means the UK low-cost carrier aims to set an interim science-based target for 2035 as well as to reach net-zero carbon emissions by 2050. Trade group IATA in October also passed a resolution encouraging the global aviation sector to reach net-zero carbon emissions by 2050. The airline says it will submit its interim science-based target to the Science Based Targets initiative for validation and present its net-zero roadmap in the coming months. “Our ambition is to ultimately achieve net-zero emissions flying in the UK and across Europe and we are proactively working alongside industry leaders, such as Airbus and Wright Electric, to help support and champion zero-emission technologies for passenger planes of the future,” EasyJet chief executive Johan Lundgren says.


Boeing monthly deliveries decline to 27 in October
November 12, 2021
Boeing during October delivered 27 commercial aircraft and logged net orders for seven aircraft after factoring three cancellations. In September, Boeing had delivered 35 aircraft and booked 22 net orders. Orders placed during October were comprised of eight 737 Max aircraft for unidentified customers and orders for two 777 freighters placed by Danish shipping company Maersk. These 10 total orders twere partially offset by Air Lease, which cancelled orders for two 787-10s, and one Max order cancelled by Aviation Capital Group. Deliveries in October included 18 Max jets – two to Aeromexico, one to Air Canada, two to CDB Aviation, one to Turkish Airlines, two to United Airlines, six to Ryanair, two to AerCap, and two to Tui Travel. The airframer also delivered two 737NG-based military surveillance aircraft and two 737-800-based business jets. Five widebodies were delivered in October – one 777F and one 767F to FedEx, one 747-8F to UPS, one 777F to Eva Air, and one 767-based refuelling tanker to the US Air Force. Increasing 737 deliveries is a priority for Boeing after the US Federal Aviation Administration lifted its flight ban on the Max variant in November 2020. Boeing says it aims to increase 737 production to 31 per month by early 2022 and may further increase that rate "based on market demand and supply chain capacity". Its current 737 production rate is 19 jets per month. Meanwhile, the FAA and Boeing are still co-ordinating quality inspections for 787's, of which the airframer has paused deliveries. Boeing ended the third quarter with 105 undelivered 787s in storage. Boeing as of 31 October had 5,038 unfilled orders, along with 268 aircraft deliveries and 373 net orders so far during 2021.


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