Michael Cunningham, CCO of CarTrawler, said that “airlines the world over share a common evo-lutionary pattern: the shift in focus from being a purely aviation-based service to becoming multi-product travel retailers. The shop window is no longer static”.

IdeaWorks began tracking ancil-lary revenues seven years ago,

Continued on page 4

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WORLD NEWS

United tops 2013 ancillary revenues table with $5.7bnTop-10 airlines’ combined earnings of $20.4bn up 1,200% over 2007

Ancillary revenues - or revenues de-rived from loyalty and co-branded credit card programs and charging for ‘extras’ such as seat selection or baggage - have increased from a “trickle to a flood” for airlines around the world, according to the 7th annual Survey of Airline Ancillary Revenue from the Idea-WorksCompany consultancy.

This year’s survey, sponsored by CarTrawler, a car rental solutions firm, includes a comparison with the first survey from 2007, and shows a record $31.5bn of ancillary revenue disclosed by 59 airlines in 2013, a 1,200% increase over the $2.45bn from 23 airlines in 2007.

IdeaWorks studied the financial filings of 114 global airlines, 59 of which disclosed ancillary rev-enues, and found that these rev-enues reached $16 per passenger in 2013, “easily surpassing global figures for profit per passenger”.

The company pointed out that Tony Tyler, director general and CEO of IATA, said last month that the world’s airline industry hopes to achieve a 2.4% average net margin for 2014, which is less than $6 per passenger.

Happy to take your

cash: United Airlines is the world leader

in ancillary revenues,

bringing in some $5.7bn

in 2013

United

WEEKLY AVIATION HEADLINES

ISSN 1718-7966 JULY 28, 2014 / VOL. 449

Last week was a poor week for air-line safety: As bodies of those killed on Malaysia Airlines flight MH17 were flown back to the Nether-lands, reports emerged of an inci-dent in Taiwan involving an ATR-72 operated by TransAsia Airways, which crash-landed in bad weather on the island of Penghu with some 46 people feared dead. Later that day, an Air Algerie plane with 116 aboard went missing en route to Algiers from Ouagadougou, Burki-na Faso, and is believed to have crashed in the Sahara desert.

A tragic week for airlines

Boeing’s Iranian parts deal

Boeing is set to seal a deal to sell aircraft spare parts to Iran Air, the state-owned airline of the Is-lamic Republic of Iran - in what would be the first transaction by a US aerospace company with Iran since 1979, according to The Wall Street Journal. The move came about after Iran agreed, in Janu-ary this year, to scale down its nu-clear program in exchange for the partial lifting of sanctions. Boeing subsequently obtained a licence from the US Treasury that allows it to sell products to Iran.

Among the 59 airlines disclos-ing ancillary revenues, fully 44 achieved revenues above the $6 threshold, ranging from China Eastern at $6.43 to Jet2.com at $55.61 per passenger.

The survey said that the record number of airlines included in the 2013 study testifies to the im-portance ancillary revenue plays in the health of the global airline industry.

American Airlines dividendAmerican Airlines, the world’s larg-est airline by passenger traffic, is to pay out its first dividend since 1980, as it posted second quarter net in-come of $864m, up from $220m in the same quarter of 2013 - prior to the company’s merger with US Airways, completed late last year. The airline declared a dividend of 10 cents per share for sharehold-ers of record and also plans a $1bn share repurchase program and ad-ditional pension contributions, ac-cording to Reuters.

2008 35 airlines

2007 23 airlines

2009 47 airlines

2010 47 airlines

2011 50 airlines

2012 53 airlines

2013 59 airlines

Airline ancillary revenues: From a trickle to a flood ($bn)

Source: IdeaWorksCompany

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MTU Aero Engines receives orders worth €1.3bn at Farnborough

For MTU Aero Engines, this year’s Farnborough International Airshow was a big suc-cess: Germany’s leading engine manufacturer announced around €1.3bn in orders, with new business being at the same level as at the last Farnborough Airshow. The largest share of new orders came from the GE9X for the Boeing 777X, in which MTU has recently announced its stake. Emirates and Qatar Airways placed firm orders for GE9X engines to equip 200 Boeing aircraft and took out options for 100 more GE9X-powered jets. MTU also profits from orders for Boeing 787s: Lessor ALC selected the GEnx engine to power 30 Dreamliners. A similarly high volume of orders was re-ceived for the geared turbofan (GTF) engines. The largest GTF order was received from Mexican carrier VivaAerobus, and another deal was signed with Philippine Airlines, with a total order tally of 50 aircraft with PurePower PW1100G engines for the carri-ers’ A320neo fleets. The PW1500G, which is the GTF variant to power Bombardier’s CSeries, also scored big. The Canadian aircraft manufacturer racked up firm orders and inked letters of intent for a total of 67 aircraft from UK-based Falko Regional Air-craft, China’s Zhejiang Loong Airlines, Jordan-based Petra Airlines, Abu Dhabi-based Falcon Aviation Services and two unidentified customers. There were alo firm orders and purchase rights for 50 of the Japanese Mitsubishi Regional Jet (MRJ), which is powered by the PW1200G geared turbofan. The PW1700G and PW1900G, the lat-est additions to the GTF family of engines, will power airframer Embraer’s new E2 jets. Trans States Holdings placed orders and taken out options for 100 E175 E2 jets equipped with PW1700G engines. The Brazilian Azul Airlines selected the PW1900G engine for the 50 E195 E2 jets the carrier has on firm order or option.

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AIRCRAFT & ENGINE NEWS

EVA Airways to lease six new Boeing 777-300ERs from GECAS

GE Capital Aviation Services (GECAS) signed an agreement to lease four Boeing 777-300ER aircraft to EVA Airways, following a lease of two B777-300ER aircraft in Febru-ary 2014. Delivery of the six aircraft is sched-uled for 2016 and 2017. The B777-300ERs will modernize EVA’s long-range fleet with high fuel-efficiency, more payload capabili-ties and additional flexibility in serving the nonstop routes stemmed from Taipei, Re-public of China.

Nordic Aviation Capital signs LOI with Amakusa Airlines for Japan’s first ATR 42-600

Nordic Aviation Capital rounded off a success-ful week at the Farnborough Airshow with the signing of a Letter of Intent with Japan’s Amakusa Airlines for a sole ATR 42-600. When the Kumamoto Prefecture based regional air-line accepts the aircraft in the fourth quarter of 2015, it will become the first ATR 42 opera-tor in Japan. Established in 1998, Amakusa Airlines provides regular scheduled regional services connecting the Amakusa City off the coast of mainland Kyushuu in southwestern Japan to large cities to such destinations as Kumamoto, Fukuoka and Osaka, offering up to 10 frequencies daily.

MD Helicopters announces second MD 500E Helicopter delivery

MD Helicopters, a Lynn Tilton company and leading manufacturer of commercial, air-rescue, military and law enforcement helicopters, held a ceremonial delivery of a new MD 500E helicopter for the Polk County Florida Sheriff’s Office (PCSO). The

Hawaiian Airlines selects six A330neo aircraft powered by Trent 7000

Hawaiian Airlines selected six Airbus A330-800neo aircraft, powered by the newly-launched Trent 7000 engine. Hawaiian Airlines has previously ordered Trent 700 en-gines for A330 aircraft and BR715 engines for Boeing 717 aircraft. The new aircraft will replace six A350-800 aircraft that the airline has on order.

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before global air-lines started charg-ing extra for checked bags, early boarding and extra legroom seating. The top-10 airlines for ancillary revenues posted a combined total of nearly $2.1bn in 2007. Seven years later, that total has surged to close to $20.4bn.

The survey shows that Alitalia, with ancillary revenues of just $71m, made the top-10 in 2007, while today, 10th spot is held by US Airways with $1.1bn, a 15-fold increase.

At the top of the scale, United Airlines, the world leader with more than double the earnings from ancillary revenues than Delta, the second airline in the table, has turned its MileagePlus loyalty program into an “ancillary revenues powerhouse”, with mile-age sales of more than $2.9bn in 2013. Spending by co-branded credit card holders rose by 35% and active card members rose by 16% over the past three years.

As margins remain razor-thin, even the long-standing hold-outs have begun to seek out new sources of revenues. British Airways now charges fees for seat assignment and bags on its European network, disclosing a total of £95m ($162m) in 2013 from such activities.

When ancillary revenues are described as a percentage of revenues, low-cost carriers come to the fore, both in 2007 and 2013. US budget carrier Spirit Airlines topped the tables last year, with 38.4% of its total turnover coming from ancillary revenues, fol-lowed by Wizz Air with 34.9%. Ryanair, which was first in 2007 with 16.2%, fell to 5th in 2013, with 24.8% of its total revenues derived from ancillary products.

IdeaWorks concludes that the practice of “charging for extras” has become so com-monplace and so widely-accepted by consumers that it’s time to stop referring to ancillary revenues as a “revolution” and welcome them as the “good business prac-tice” that they are.

4AviTrader WEEKLY AVIATION HEADLINES

acceptance took place at the MD Helicop-ters booth, where the aircraft was dis-played at the Airborne Law Enforcement Association exposition, in Phoenix, Ariz.

AviaAM Leasing delivers Orenair fifth Boeing 737-800

AviaAM Leasing, a WSE listed global avia-tion holding company engaged in com-mercial aircraft acquisition, leasing and sales, announced the delivery of another Boeing 737-800 to Russian carrier Oren-burg Airlines (operates under the Orenair brand). Under the three-party cooperation between AviaAM Leasing, Orenair and the aircraft’s owner, this is already the fifth Boeing 737-800 delivered to the carrier‘s fleet. Prior to the aircraft’s delivery, Avi-aAM Leasing has conducted a wide range of maintenance works, including C-Check, cabin repainting and renewal. The 189-seat aircraft was delivered to the Orenair base earlier this week.

MRO & PRODUCTION

China Airlines selects UTC Aero-space Systems for long-term spare parts agreement

China Airlines selected UTC Aerospace Sys-tems for a long-term detailed spare parts agreement that includes air management, electric, and engineering systems on se-lect Boeing and Airbus aircraft operated by the airline. As part of the five-year ex-clusive agreement, UTC Aerospace Systems will provide China Airlines with OEM parts for the Airbus A330 and A340 and Boeing B737- 800NG and B747- 400 aircraft.

Rolls-Royce signs engine services contract with Thomson Airways

Rolls-Royce signed a service support agree-ment with Thomson Airways for RB211-535 engines that power the airline’s Boeing 757 aircraft. The service support agreement has been designed specifically for Thomson and will support the airline’s Boeing 757 aircraft for the duration of their time in the fleet. Thomson Airways, part of the TUI Group, is the airline for Thomson and First Choice, and

is the UK’s third largest airline. It has a fleet of 59 aircraft operating from 20 UK airports.

Western Aircraft opens doors to two new buildings

Western Aircraft, a Greenwich AeroGroup company, added two new buildings totaling 26,000 ft² to its 18-acre leasehold. The new construction includes an expanded parts fa-cility as well as a two-story infill building that

houses support shops for Western Aircraft’s services operation. Western Aircraft President Jeff Mihalic said that Western’s business ex-pansion was driven in large part by the sales tax exemption on installed parts passed by the Idaho legislature in 2012 and the growth of Western’s capabilities and sales force. The overall expansion includes more than $2.3m in new facilities and more than $2.4m in facility improvements and specialized tool-ing. Additionally, due to the added business,

Top 10 Airlines - Total Ancillary Revenues ($)Annual Results - 2013 Annual Results - 2007

$5,703,000,000 United $600,000,000 United

$2,528,183,000 Delta $521,429,760 Ryanair

$2,079,000,000 American $272,846,172 easyJet

$1,714,598,496* Air France/KLM $194,200,000 Alaska Air Group

$1,689,457,120 Ryanair $91,306,080 Aer Lingus

$1,623,500,000 Southwest $83,664,000 Air Berlin

$1,385,021,933* easyJet $79,747,344 Korean Air

$1,282,738,470 Lufthansa Group $78,585,787 WestJet

$1,273,430,400 Qantas Airways¹ $77,904,000 Austrian

$1,102,700,000 US Airways $71,074,080 Alitalia

$20,381,631,432 $2,070,759,229

¹Qantas ancillary revenues: 80% FFP Source: IdeaWorksCompany

...continued from page 1

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Avia Solutions Group, a WSE listed global provider of one-stop-shop aviation business solutions, and Kaunas Free Eco-nomic Zone Management UAB signed a memorandum of coop-eration with regard to the devel-opment of a new Aviation Park in the territory of the Kaunas Free Economic Zone, Lithuania. Upon the successful implemen-tation of all project stages the local economy will be infused with almost $40m and the new Aviation Park will become the largest and most innovative centre of aviation services in Lithuania. The new Aviation Park in Kaunas is a major project aimed at attracting various local and foreign companies engaged in providing a wide spectrum of aviation related services, such as maintenance and repair of aircraft engine, landing gear and other components, aircraft tear down and sales as well as aviation-related scientific researches. The new centre is planned to occupy the territory of up to 100 ha, located next to Kaunas International Airport.

6AviTrader WEEKLY AVIATION HEADLINES

Western Aircraft has increased staffing from 150 to 200 employees.

Southwest Airlines expands OnPoint Solution agreement with GE

Southwest Airlines expanded its OnPoint so-lution agreement with GE Aviation to cover a total of 196 CFM56-7B engines which power its Boeing 737-800 aircraft, and up to 100 CFM56-7B engines, that power recently ac-quired Boeing 737-700 aircraft.

Vector Aerospace Africa appointed Designated Overhaul Facility for PT6A-140 engine

Vector Aerospace, a global independent provider of aviation maintenance, repair and overhaul (MRO) services, announced that Vector Aerospace Africa (Pty) engine repair and overhaul facility, located in Lan-seria, South Africa, has been appointed a Designated Overhaul Facility (DOF) for the Pratt & Whitney Canada (P&WC) PT6A-140 aircraft engine.

GE Aviation breaks ground on $100m jet engine assembly factory in Indiana

GE Aviation hosted a ceremonial groundbreak-ing on July 22nd, for a new $100m jet engine assembly facility in Lafayette, Indiana. The new 225,000-ft² facility in Lafayette will assemble the new LEAP engine of CFM International, a 50/50 joint company of GE and Snecma (Sa-fran) of France. CFM has logged total orders and commitments with airlines for more than 7,500 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. Launched in 2008, the LEAP is now undergo-ing development testing. As the engine transi-tions to the production phase, GE could begin

Avia Solutions Group to establish new aviation park in Lithuania

hiring at the new Lafayette facility as early as 2015. Within five years, the plant’s workforce is expected to exceed 200 people with the capacity to do final assembly for the engine as well as the engine’s hot section (compres-sor, combustor, high-pressure turbine). Final assembly of the LEAP engine at the Lafayette

facility will involve using components and sub-assemblies from GE and Snecma operations and from their suppliers around the world. The LEAP engine will also be assembled at GE’s existing engine assembly plant in Dur-ham, North Carolina. The Lafayette facility will operate a highly advanced assembly line in-

Werner Aero Services sets up V2500-A5 nacelle pools in US and Europe

Werner Aero Services placed complete sets of V2500-A5 nacelle components in New Jer-sey, USA and in Brussels, Belgium. The components are strategically positioned in these two locations to support its US and European customers with quicker turn around times. Werner Aero Services plans to continually add more V2500-A5 pool locations to faster reach its worldwide customers. All components are in serviceable condition and available on a pool access basis or as needed with opportunities still existing for airlines to join the existing nacelle component pools. Werner Aero Services is full service nacelle provider including repairs, modifications, loans, lease, exchanges, and just in time service.

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AAR reports fourth quarter and fiscal year 2014 results

AAR, a leading, global aerospace and defense company, reported fourth quarter and full Fiscal Year 2014 consolidated results. Fourth quarter consolidated sales were $505.4m versus the prior year level of $553.8m. Sales in the Aviation Services seg-ment declined 10% to $373.8m mainly due to softness at the Company’s MRO facili-ties and fewer expeditionary airlift flying positions. Sales in the Technology Products segment declined 4% to $131.6m, primarily due to lower sales of commercial cargo systems. Consolidated gross profit margin for the fourth quarter on a reported basis was 17.0%, an improvement over the adjusted gross profit margin of 16.3% in prior year period.

Full Fiscal Year 2014 consolidated sales were $2.04bn. Aviation Services segment sales declined 3% to $1.56bn as a result of lower airlift support and lower activity in MRO. Technology Products segment sales declined 9% to $475.0m driven by an expected decline in demand for mobility products and lower commercial cargo sales. Sales to commercial customers were 59% of total sales as compared to 61% in fiscal 2013, with remainder of the sales to government and defense customers.

AAR Corp

corporating several new technologies, includ-ing automated vision inspection systems and radio frequency parts management to easily spot parts on the shop floor.

Liebherr-Aerospace signs contract with LOT Polish Airlines for E-Jet E1 landing gear overhauls

LOT Polish Airlines selected Liebherr-Aerospace Lindenberg GmbH, to overhaul the main and nose landing gear systems of their Embraer E-Jet E1 fleet, which comprises E170 and E175 aircraft. The contract was signed at the Farn-borough International Airshow. In addition to MRO services, it includes an integrated sup-port solution, which covers spare parts and engineering services and enables partial risk-sharing between Liebherr-Aerospace and LOT. LOT, the launch customer of the Embraer E-170 aircraft, has the first scheduled E-Jet land-ing gear overhauls in Europe. Following the successful overhaul campaign Liebherr per-fomed for LOT’s ERJ 145 aircraft, and based on Liebherr’s experience, support package and the companies’ existing business relationship, LOT has again chosen Liebherr.

Fokker and SASMOS sign agree-ments for production of wiring har-nesses in India

Fokker Elmo, a business unit of Fokker Tech-nologies and SASMOS HET Technologies Ltd. have signed Agreements for producing elec-trical wiring interconnection systems in Ban-galore, India. Recognizing the Indian aviation market is one of the fastest growing and most dynamic aviation markets in the world; aircraft manufacturers have the need for In-dian Industrial Participation, presenting an excellent business development opportunity for Fokker Elmo and SASMOS. Over time, this Indian business model is expected to grow to attractive values for both companies.

Héroux-Devtek renews important contract with Bell Helicopter

Héroux-Devtek, a leading Canadian manu-facturer of aerospace products, has renewed an important multi-year contract with Bell Helicopter for the manufacturing of compo-nents and assemblies for several helicopter programs. Under the terms of the agreement, Héroux-Devtek will manufacture the main ro-tor hub and the tail rotor hub for the new Bell 505 Jet Ranger X, as well as for the Bell 206B

and Bell 206L helicopter models. Héroux-Devtek will also manufacture tail rotor hubs, as well as other drive system components, for the Bell 212, Bell 407 and Bell 412 aircraft. The contract renewal spans a five-year period ranging from calendar year 2015 through cal-endar year 2019 and calls for the production of components for new aircraft and the after-market. Based on current program expecta-tions, the total value of this multi-year agree-ment could exceed $46m.

Skymark Airlines, Japan’s third largest airline, chose Panasonic Avionics Corporation’s global connectivity service, eXConnect, to provide its passengers with free-of-charge in-flight Wi-Fi service. Passengers will be able to stay on top of current events as they surf the web, keep in touch with friends and family through their social networks, and even check email and send the latest edits to their upcoming sales presentation to their colleagues – all at 35,000 feet. For domestic routes, Skymark Airlines will introduce this free service on its fleet of new Airbus A330s. They will also expect to offer this same free-of-charge Wi-Fi experience on their international A380 fleet that will be initially flying to North America.

8AviTrader WEEKLY AVIATION HEADLINES

est expense for the quarter declined 7.5%, or $3m, due to JetBlue’s focus on debt reduction. JetBlue’s operating expense per available seat mile (CASM) for the second quarter increased 3.5% year over year to 11.88 cents. Exclud-ing fuel and profit sharing, CASM2 increased 5.1% to 7.51 cents.

United posts second-quarter 2014 net income of $919m

United Airlines reported second-quarter 2014 net income of $919m, an increase of 51% year-over-year, excluding $130m of special items. Including special items, UAL reported second-quarter 2014 net income of $789m. Second quarter of 2014, total revenue was $10.3bn, an increase of 3.3% year-over-year. Second-quar-ter consolidated passenger revenue increased 3.6% to $9.0bn, compared to the same period in 2013. Ancillary revenue per passenger in the second quarter increased 7.9% year-over-

IFEs & CONNECTIVITY

July 28, 2014 / Vol. 449

Boeing delivers upgraded French AWACS aircraft

On July 17th, Boeing delivered on schedule the first of four upgraded French Airborne Warning and Control System (AWACS) air-craft. The upgraded aircraft will increase the fleet’s surveillance, communications and battle management capabilities. The Mid-Life Upgrade – the largest set of modifications to AWACS aircraft for France – will pro-vide the crew with more actionable information and better situational awareness and in-crease mission ef-fectiveness and ef-ficiencies. Delivery followed ground and flight tests at Avord Air Force Base and qualification by France’s Direction Générale de l’Armement.

Pratt & Whitney signs F135 depot activation contract with AIM Nor-way

Pratt & Whitney signed a depot activa-tion contract with Aerospace Industrial Maintenance (AIM) Norway to establish a Maintenance, Repair, Overhaul, & Upgrade (MRO&U) capability for the F135 engine

which powers the F-35 Lightning II fighter aircraft. This initial contract will include plan-ning and man-agement activities required for depot activation in 2018. Follow-on con-tracts are expected in support of the establishment of F135 depot capa-bilities, including

assembly, disassembly, cleaning, inspection and testing at the AIM Norway facility lo-cated in Gardermoen, Norway.

MILITARY & DEFENSE

American Airlines Group reports highest quarterly profit in company history

For the second quarter 2014, American Air-lines Group reported a record GAAP net profit of $864m. This compares to a GAAP net profit of $220m in the second quarter 2013, for AMR Corporation prior to the merger. The Company believes it is more meaningful to compare year-over-year results for Ameri-can Airlines and US Airways excluding special charges and on a combined basis, which is a non-GAAP formulation that combines the results for AMR Corporation and US Airways Group. On this basis, second quarter 2014 net profit excluding net special charges was $1.5 billion, a record for any quarter in the history of the Company. This represents a 114% im-provement over the combined non-GAAP net profit of $681m excluding net special charges for the same period in 2013. Total revenues in the second quarter were a record $11.4bn, up 10.2% versus the second quarter 2013 on a combined basis, on a 3.1% increase in total available seat miles (ASMs).

Delta Air Lines announces June quar-ter profit

Delta Air Lines reported that pre-tax income for the June quarter was $1.4bn, excluding special items, an increase of $593m over the June 2013 quarter on a similar basis. Delta’s net income for the June 2014 quarter was $889m and its operating margin was 15.1%, exclud-ing special items. On a GAAP basis which in-cludes special items, Delta’s pre-tax income was $1.3bn, operating margin was 14.9% and net income was $801m. Results include $340m in profit sharing expense in recognition of Delta employees’ contributions toward achieving the company’s financial goals. Delta generated over $2bn of operating cash flow and $1.5bn of free cash flow during the June 2014 quarter. As of mid-July, the company has used its strong cash generation in 2014 to reduce its adjusted net debt below $8bn, contribute more than $900m of funding to its defined benefit pen-sion plans, and return $550m to shareholders through dividends and share repurchases.

JetBlue Airways reported results for the second quarter 2014

JetBlue reported record second quarter oper-ating revenues of $1.5bn. Revenue passenger miles for the second quarter increased 5.7% to 9.6bn on a capacity increase of 6.0%, result-ing in a second quarter load factor of 84.6%, a decrease of 0.3 points year over year. Operat-ing expenses for the quarter increased 9.8%, or $119m, over the prior year period. Inter-

year to more than $21 per passenger. Second-quarter cargo revenue decreased 1.7% versus the second quarter of 2013 to $232m. Other revenue in the second quarter increased 1.7% year-over-year to $1.1bn.

MTU Aero Engines presents half-year results

In the first six months of 2014, MTU Aero En-gines AG achieved a revenue growth of 2% to €1,815.8m (1-6/2013: €1,774.9m). Operating profit remained stable at €170.7m (1-6/2013: €169.7m), with an EBIT margin of 9.4% com-pared with 9.6% in the first half of 2013. Net income increased by 4% to €111.0m (1-6/2013: €106.7m). The increase in group revenues in the first half of 2014 is attribut-able to growth in the commercial engine busi-ness, where revenues have risen by 8% from €953.6mn to €1,032.9m. The main source of these revenues in the OEM business, which

The first of four AWACS aircraft for France Boeing

FINANCIAL NEWS

Jet Airways, India’s premier international airline, and Etihad Airways, the national airline of the United Arab Emirates, outlined plans to reinforce their long-term commitment to the growth of India’s economy and aviation industry, including a major new turnaround strat-egy for Jet Airways to return to profitability in three years. The two airlines have been code-share partners since 2008 and their relationship was strengthened in November 2013, after Etihad Airways received approvals to acquire a 24% stake in Jet Airways, marking it the first investment by a foreign carrier in India’s airline industry. Supporting the partnership, the Jet Airways Board recently approved a three-year business plan to reshape the airline and secure its long-term future. The plan incorporates a series of critical measures that lay the foundations for a return to profitability, such as long-term network, fleet and product de-velopments to optimise the airline’s domestic and international operations. Focus areas for international operations will include network developments, including new services to mar-kets such as Europe, China, Australia and Southeast Asia, expanded frequencies to existing routes and additional codeshares. Jet Airways’ two and three class aircraft product will also be enhanced and the seat count optimised on wide-body Boeing 777 and Airbus A330 aircraft. In addition, the domestic business model will improve connectivity across India and worldwide, while removing complexity in product and fleet, including the standardisation and reconfiguration of the Boeing 737 fleet. To initiate the three-year turnaround plan, the Jet Airways Board and management team have already worked with auditors to clean up its balance sheet and write down overvalued non-cash assets. Jet Airways has announced a new team at the helm with Cramer Ball as its new chief executive officer and Subodh Karnik as the chief operating officer pending regulatory approval.

9AviTrader WEEKLY AVIATION HEADLINES

Jet Airways and Etihad Airways reinforce commitment, launch three-year turnaround plan

OTHER NEWS

July 28, 2014 / Vol. 449

ADSoftware reported the successful launch of its Airpack Fleet Management System and logistics solution to Nova Airways, Sudan’s largest carrier. In an industry that de-mands constant compliance with regulations, Sudanese carrier Nova Airways was looking for a system that could help them to stay ahead of changing requirements by anticipating any modifications required by regulatory texts. The AirPack solution proved to have the answer, with two specific modules inside the maintenance software which are dedicated to airworthiness management, regulatory compliance and fleet reliability. AirTime would enable the engineering department to coordinate the compliance of the aircraft with the required maintenance programs, applicable airworthiness directives, service bulletins, log books, planning, mechanics and shop activity.

INFORMATION TECHNOLOGY

Bombardier announced the implementation of a new organizational structure, comprised of four business segments: Bombardier Transportation, Bombardier Business Air-craft, Bombardier Commercial Aircraft and Bombardier Aerostructures and En-gineering Services.

Effective immediately, all four business seg-ments will report directly to Pierre Beaudoin, president and CEO, Bombardier Inc. The heads of the business segments remain Lutz Bertling at Transportation, Eric Martel at Business Air-craft and Mike Arcamone at Commercial Air-craft. The head of the new Aerostructures and Engineering Services business segment will be appointed in the next few weeks. Bombardier Aerospace group functions and the Custom-er Services division will be absorbed into the three aerospace business segments, generat-ing reductions in cost and overhead.

comprises series and spare parts sales, were the V2500 engine for the A320, the GP7000 used to power the A380, and the GEnx for the Boeing 787 and 747-8, a program in which production rates have been ramped up sig-nificantly. Revenues in the commercial mainte-nance business have fallen by 7% to €572.9m (1-6/2013: €613.4m). The V2500 engine ac-counted for the largest part of these revenues. Revenues in the military engine business have barely changed, at €225.5m (1-6/2013: €223.2m). The EJ200 Eurofighter engine was the main source of these revenues. MTU’s or-der backlog increased by 8% to €10,153.9m between January and June 2014, compared with the level reported at the end of 2013 (Dec 31, 2013: €9,374.6m).

Boeing reports second-quarter re-sults

Boeing reported second-quarter core earnings per share (non-GAAP) of $2.42, reflecting strong performance and favorable tax items. Commercial Airplanes second-quarter revenue increased 5% to $14.3bn on higher deliveries. Second-quarter operating margin was 10.8%, reflecting the delivery volume and strong per-formance offset by the $238m pre-tax charge on the KC-46A Tanker program. Commercial Airplanes booked 264 net orders during the quarter. Backlog remains strong with over 5,200 airplanes valued at a record $377bn.

B/E Aerospace record second quarter 2014 financial results exceed expec-tations

B/E Aerospace reported its second quarter 2014 financial results. Second quarter 2014 revenues of $1.09bn increased 28.1% as com-pared with the prior year period. Second quar-ter 2014 operating earnings were $198.1m, an increase of 24.8%, and operating margin was 18.2%. On a GAAP basis, operating earn-ings were $185.3m. Second quarter 2014 earnings before income taxes were $166.4m, an increase of 29.8%. On a GAAP basis, earn-ings before income taxes were $153.6m. Sec-ond quarter 2014 net earnings were $117.6m, representing an increase of 27.3%, as com-pared with the prior year period. On a GAAP basis net earnings were $108.6m.

Rockwell Collins reports third quar-ter fiscal 2014 earnings

Rockwell Collins reported total sales for the third quarter of fiscal year 2014 were $1.26bn, an increase of 12% from the same period in 2013, primarily due to the acquisition of AR-INC. Total segment operating earnings for the third quarter of fiscal year 2014 were $263m, an increase of $6m from the same period a year ago. Third quarter fiscal year 2014 earnings per share from continuing operations were $1.19

and income from continuing operations was $163m compared to earnings per share from continuing operations of $1.18 and income from continuing operations of $161m in the third quarter of last year. Sales to aircraft origi-nal equipment manufacturers increased due to higher hardware delivery rates for the Boe-ing 787 aircraft and higher customer funded development program sales, partially offset by lower deliveries at the light end of the business jet market. Aftermarket sales increased prima-rily due to higher service and support activities and higher Boeing 747-8 and 787 spares sales, partially offset by lower retrofit sales. Operat-ing earnings for the third quarter of 2014 were about flat with the third quarter of 2013 and operating margin decreased 150 basis points. While operating earnings benefited from low-er company funded research and development expense, operating margins were impacted by higher employee benefit related costs and less favorable incremental margins associated with higher sales of newer products and customer funded development programs.

• Johann Panier officially took up his duties as chief executive officer of Barfield Inc., a new Air France Industries KLM Engineering & Mainte-nance subsidiary following its recent acquisition from Sabena Technics.Panier began his career with Dedienne Aerospace, a company special-izing in Ground Support Equipment (GSE), in Toulouse then in Miami. In 2002, he moved to Air France Industries where he held various posi-tions, such as head of department for equipment and engine purchas-ing. Subsequently he was appointed head of the External Repairs prod-uct line. Since 2012, he was leading major projects for AFI KLM E&M Business Development.

• The board of directors of Horizon Air named David L. Campbell president and chief operating officer, Alaska Air Group announced on July 23rd. Campbell brings with him more than 25 years of experience in maintenance and flight operations, most recently at jetBlue Airways where he served as vice president of maintenance and engineering. Prior to that, he served as vice president of safety and operational performance at American Airlines. Current Horizon Air president Glenn Johnson will retire Sept. 1st.

• Aircastle reported the resignation of David Walton. Walton served as chief operating officer, general counsel and secretary of Aircastle Limited. He will remain in his current roles until a smooth transition is complete.

• American Airlines promoted Don Casey to senior vice president – Revenue Management, responsible for all of American’s passenger pricing and yield management activity for the worldwide network of approximately 6,700 daily flights and more than $40bn in annual revenue. Casey will continue to oversee the pricing of fare and mer-chandising products, inventory management, upgrades, frequent flyer redemption, the revenue management activities for joint busi-ness agreements and the development of industry-leading revenue management tools and systems.

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Business Aircraft Europe ExpoBiggin Hill Airport, London, UK, 10-11 Sept, 2014. (Event brochure)

ISTAT EuropeHilton Istanbul, Istanbul, Turkey, 21-23 Sept, 2014. (Event brochure)

Aircraft Lifecycle - New PerspectivesMaintenance Reserves Training Seminar

Hotel 10, Montreal, Canada, 30 Sept-2 Oct, 2014. (Event brochures)

MRO EuropeIFEMA, Madrid, Spain, 7-9 Oct, 2014. (Event brochure)

Engine Leasing & Asset Management SeminarAircraft Finance Seminar

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10

July 28, 2014 / Vol. 449

FL Technics Jets, a global provider of tai-lor-made maintenance, repair and overhaul services for business aviation, is delighted to announce that it has successfully passed an independent quality management audit thus becoming an official ISO 9001:2008 certified organization. Recently, FL Technics Jets has successfully passed the quality audit and the company’s management system has been found to be in accordance with the requirements of ISO 9001:2008 standards. The received certificate proves the compa-ny’s full compliance with the best interna-tional quality management practices and strong control over aircraft components and materials sale, lease, exchange and repair management.

Mechanics and Related, Fleet Service, and Maintenance Training Specialists workgroups at US Airways, represented by the Inter-national Association of Machinists (IAM), ratified three collective bargaining agreements on July 19th, covering more than 11,000 em-ployees. The agreements will remain in effect for the US Airways employees until a joint collective bargaining agreement covering the 30,000 employees of the new American Air-lines has been reached.

INDUSTRY PEOPLE

Don Casey American

Johann Panier Barfield

THEAIRCRAFTANDENGINEMARKETPLACE Page 1 of 4

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

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 CFM56-5A1 378 1993 Q1/2015 Sale Paul O'Dwyer paul.o'dwyer@orix.ie +353 863 822 960

A320-200 ORIX Aviation CFM56-5B6/3 3831 2009 Q2/2015 Lease Paul O'Dwyer paul.o'dwyer@orix.ie +353 863 822 960

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

Commercial Jet Aircraft

July 28, 2014

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 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 24711 1990 Q1/2015 Sale / Lease Paul O'Dwyer paul.o'dwyer@orix.ie +353 863 822 960

B737 400 World Star Aviation Services CFM56 3C1 24706 1991 Now Sale / Lease Sean O Connor Soconnor@worldstaraviation com +1 415 956 9456B737-400 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 AerSale CFM56-3C1 25417 1991 Now Sale Craig Wright craig.wright@aersale.com +1 (305) 764 3238

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 AerSale CFM56-3C1 27149 1993 Now Sale / Lease Craig Wright craig.wright@aersale.com +1 (305) 764 3238

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

B737-400 Aergo Group CFM56-3C1 24430 1990 Now Sale Kevin Mc Ginley kevin@aergogroup.com +353-1-6761077

B737-400 Aergo Group CFM56-3C1 24431 1990 Now Sale Kevin Mc Ginley kevin@aergogroup.com +353-1-6761077

Now ACMI/Wet lease/Sale

Now 2013 ACMI/Wet lease

B737 400 Aergo Group CFM56 3C1 24431 1990 Now Sale Kevin Mc Ginley kevin@aergogroup.com +353 1 6761077

B737-400 Aergo Group CFM56-3C1 24432 1990 Now Sale Kevin Mc Ginley kevin@aergogroup.com +353-1-6761077

B737-400F Aergo Group CFM56-3C1 26530 1994 Now Sale Kevin Mc Ginley kevin@aergogroup.com +353-1-6761077

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

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 CFM56-7B24 34181 2006 Q1/2015 Lease Paul O'Dwyer paul.o'dwyer@orix.ie +353 863 822 960

B737-800 ORIX Aviation CFM56-7B26 35072 2007 Q2/2015 Lease Paul O'Dwyer paul.o'dwyer@orix.ie +353 863 822 960

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 8111p y g@ p

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 MBA Aircraft Solutions RB211-535E4B 24594 1990 Now Sale / Lease Jacob Agnew jagnew@mbaas.aero +1 703.276.3202

B757-200 MBA Aircraft Solutions RB211-535E4B 24526 1990 Now Sale / Lease Jacob Agnew jagnew@mbaas.aero +1 703.276.3202

B757-200 GA Telesis RB211-535E4 24491 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 Oct 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

B767-200ER GA Telesis CF6-80A 22328 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 Paul O'Dwyer paul.o'dwyer@orix.ie +353 863 822 960

DC10-30F 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

MD-82 GA Telesis 49919 Now Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

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

Regional Jet / Turboprop Aircraft

Now - Wet Lease / ACMI

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

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

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

Regional Jet / Turboprop Aircraft

July 28, 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 Phone

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 145045 1998 Now Sale / Lease Stefanie Jung sjung@gatelesis.com +1 954-958-1321

Contact Email PhoneCompany

Commerical EnginesSale / LeaseMultiple Types

Regional Jet / Turboprop Aircraft (cont.)

July 28, 2014

Contact Email Phone

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

Contact Email Phone

(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

Contact Email Phone

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

(2) CF34-10E5 Now - Lease

(1) CF34-3B / 3B1 Now - Lease

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

Company

Company

GECAS Engine LeasingNow - Sale / Lease

Sale / Lease

Sale / LeaseCF34 Engines

AE3007 Engines

Sale / LeaseMultiple Types

Multiple Engines GE / CFM / RB211

Company

Magellan Aviation Group

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

(1) CF34-8C5/B1 Now - Sale / Lease Ray Marquess ray.marquess@magellangroup.net +1 (704) 504-9204

(1) CF34-3B1 Now - Sale/Lease/Exch. 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

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

Contact Email Phone

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

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

(2) CF6-80C2B4

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

Company

Now - Sale/Lease/Exch.

Willis Lease

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

Now - Sale / Lease

CF6 Engines Sale / Lease

Magellan Aviation Group

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

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

(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) CF6-80C2B4F 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

(3) CF6-80C2B1F Now - Sale / Lease AerSale. Inc. Matthew White matthew.white@aersale.com +353 1475 3005

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

(1) CF6-80C2A5 Now - Sale / Lease

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

Willis Lease

Taking Aviation Forward, LLC

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

(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

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

(1) CF6-80C2B1F AeroTurbine Elizabeth Peters epeters@aeroturbine.com +1 786 925 8517

(2) CF6-80C2B6F Now - Sale / Exchange

(1) CF6-80C2B6F Now - Lease

(1) CF6-80C2D1F Now - Lease

(1) CF6 80C2B4 N S l / L GA T l i Edd W ij ij @ t l i +1 954 676 3111

Now - Sale / Exchange

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

(1) CF6-80C2A2 Now - Sale / Lease

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

Contact Email Phone

(1) CFM56-7B26E (brand new) End 08/14 Lease Sumisho Aero Engine Lease Tony Kondo tony.kondo@sumisho-engine.com +31-20-705-4982

(1) CFM56-7B26E (brand new) End 10/14 Lease

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

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

(2) CFM56-3C1 Now - Sale Kevin Mc Ginley kevin@aergogroup.com +353-1-6761077

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

Aergo Group

CFM56 Engines CompanySale / Lease

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

(1) CFM56-5A3 Now - Lease

July 28, 2014

SEARCH

Search or sell withStockMarket.aero

GECASEngine Leasing

Supporting the world’s airlinesCorporation

THEAIRCRAFTANDENGINEMARKETPLACE Page 3 of 4

Contact Email Phone

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

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

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

(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

Company

Commerical Engines (cont.)

Sale / LeaseCFM56 Engines (cont.)

Royal Aero

July 28, 2014

(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 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. Matthew White matthew.white@aersale.com +353 1475 3005

(2) CFM56-3B1 Now - Lease

(2) CFM56-3C1 Now - Lease

(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

Magellan Aviation 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

(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)

Now - Sale/Lease/Exch.

Now - Sale/Lease/Exch

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

CFM56-5A(s)

SES

CFM56-5B(s)

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

(1) CFM56-3C1 Now - Lease

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

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

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

(5) CFM56-3C1 Now - Sale / Exchange AeroTurbine Elizabeth Peters epeters@aeroturbine.com +1 786 925 8517

(1) CFM56-5C3/G Now - Sale / Exchange

CFM56-7B(s)

Now - Sale/Lease/Exch.

Now - Lease

Now - Lease

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

(2) CFM56-7B24/3

Now - Sale/Lease/Exch.

Willis Lease

(2) CFM56-5C4 Now - Sale / Exchange

(2) CFM56-3C1 Now - Lease

(1) CFM56-5C4 Now - Lease

(3) CFM56-3C1A Now - Sale / Lease Apollo Aviation Group Erik Castillo erikc@apollo.aero +1 (305) 579-2340

(2) CFM56-5A3 Aug 14 - Sale/Lease/Exch.

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

(3) CFM56-5C3/F Jun 14 - Sale/Lease/Exch.

(3) CFM56-3B2 Now - Sale / Lease ORIX Aviation Paul O'Dwyer paul.o'dwyer@orix.ie +353 863 822 960

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

Sherry Riley engine leasing@gecas com +1(513)782 4272Now Sale(2) CFM56 5A GECAS Engine Leasing Sherry Riley engine.leasing@gecas.com +1(513)782-4272

Contact Email Phone

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

(7) JT8D-200 Now - Sale 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

Contact Email Phone

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

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

Contact Email Phone

(3) PW121 (ATR) Now - Sale/Lease/Exch. David Desaulniers ddesaulniers@willislease.com +1 415 516 4837

(1) JT8D-219 or -217

PW Small Engines Sale / Lease

(1) JT9D-7R4D overhauled

Now - Sale

Sale / Lease

(2) CFM56-5A

JT8D Engines

Company

Willis Lease

Company

GECAS Engine Leasing

JT9D Engines Sale / Lease Company

(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

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

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

PW121, PW123, PW124B, PW125B, Now - Sale / Lease Magellan Aviation Group

July 28, 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

Contact Email Phone

(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) PW2040 Now - Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

( ) S / @

Sale / LeasePW2000 Engines

PW Small Engines (cont.) Sale / Lease Company

Commerical Engines (cont.)

Company

July 28, 2014

(3) PW2037 Now - Sale / Exchange AeroTurbine Elizabeth Peters epeters@aeroturbine.com +1 786 925 8517

Contact Email Phone

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

(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) PW4060-1 CN Now - Lease AeroTurbine Elizabeth Peters epeters@aeroturbine.com +1 786 925 8517

(1) PW4060-1 CN Now - Sale / Exchange

(1) PW4056-1C Now - Sale / Exchange

Magellan Aviation Group

Sale / LeasePW4000 Engines Company

( ) g

(1) PW4062-3 Now - Lease

(2) PW4056-3 Now - Sale / Lease AerSale. Inc. Matthew White matthew.white@aersale.com +353 1475 3005

(1) PW4056-1C Now - Sale/Lease/Exch.

(1) PW4056-1 Now - Sale/Lease/Exch.

(1) PW4062-3 Now - Sale / Lease

(1) PW4060-3 Now - Sale / Lease

(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

(2) PW4168A Now - Lease(2) PW4168A Now Lease

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

Contact Email Phone

(1) RB211-535E4 Now - Sale/Lease MBA Aircraft Solutions Jacob Agnew jagnew@mbaas.aero +1 703.276.3202

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

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

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

(2) 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

Contact Email Phone

RB211 Engines

Trent Engines

Sale / Lease

Sale / Lease Company

Company

Contact Email Phone

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

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

Contact Email Phone

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

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) 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

Tay Engines

Trent Engines

Sale / LeaseV2500 Engines

Sale / Lease

Company

Company

Sale / Lease

Company

(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

QEC for CFM56-5A1 Now - Sale TrueAero, LLC Raul Miro/Dave Walters sales@trueaero.com +1 772-925-8026

A320 Fresh Part-out Now - Sale

737-500 Fresh Part-out Now - Sale

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

Aircraft and Engine Parts, Components and Misc. Equipment

APU (2) GTCP 131-9B

Company

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

Now - Sale Stands on Demand Yexceld Perez yperez@standsondemand.com +1 305-558-8973

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

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

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

Now - Sale

Now – Lease

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

(1) PW901A Now - Lease LHT AERO Alzey Kai Ebach k.ebach@lhaero.com +49-6731-497-368

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

APU (2) GTCP 131-9B

APU 3800298-1-2 (B767)

B747 Windshield access stand P/N AGSE-M114

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

1 V2500 QEC kit, p/n 745k9001-46

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

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

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

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

July 28, 2014