Market Intelligence: -Airline Aircraft Orders
Avia Solutions Group Announces 2024 Appointment for Executive Vice Chairman of the Board
Irish-based Avia Solutions Group, the world’s largest ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, has appointed Tom Klein as Executive Vice-Chairman of the Board, a new role, effective immediately.
He will continue in his roles as Senior Managing Director at US -based Certares Management, a private equity investment firm which invested into the Group in 2021.
Klein brings to the Group extensive knowledge of the global aviation, travel, tourism and technology sectors. His main responsibilities will include leading on investor relations and advising on wider business development while his geographic location will allow for executive presence and a greater focus on activities in the Americas.
The appointment comes at a time when Avia Solutions Group is growing significantly, with the Group reporting first half of 2024 revenues of €1.2 billion, a year-on-year increase of 29% and a 34% growth in EBITDA year-on-year to €179 million.
The Group has ongoing plans to further expand its global presence and ability to offer capacity solutions, particularly during peak seasons, to airlines around the world.
Gediminas Ziemelis, Chairman of Avia Solutions Group, said: “With his extensive experience in global aviation and travel sectors, and a proven track record in investor relations, Tom is a great addition to our senior leadership team. I look forward to working with him closely as we execute our long-term growth strategy.”
Tom Klein, Executive Vice-Chairman of the Board of Avia Solutions Group, said: “I am honoured to be appointed as Executive Vice-Chairman. The demand for the Group’s services is increasing significantly, and I look forward to playing a key role in expanding our global customer base.”
Prior to joining Certares in 2018, Klein was the CEO and President of Sabre, a global technology company serving the travel industry. Klein led the successful IPO of Sabre in 2014. He served 7 years as a founding board member of Brand USA, culminating his tenure as Chairman. Klein has served on multiple boards and prior to Sabre, he held management positions at American Airlines and Consolidated Freightways
Avia Solutions Group currently operates a fleet of 214-aircraft, split between 174 passenger aircraft and 40 freighters.
Source: Avia Solutions Group
Photo Credit: Avia Solutions Group
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Spanish Airline First to Take Delivery of A321XLR
Spanish flag carrier Iberia has taken delivery of its first A321XLR, becoming the launch operator of the world’s newest single-aisle aircraft. The aircraft, powered by CFM LEAP-1A engines, will be operated by Iberia on a number of regional flights across the airline’s European network before its first transatlantic mission from Madrid to Boston later in November.
Marco Sansavini, CEO & Chairman at Iberia, said: “We are very proud to be the launch airline for this new Airbus aircraft. The A321XLR will allow us to reach new destinations, operating transoceanic routes and doing so in a more efficient way.”
Christian Scherer, CEO Commercial Aircraft at Airbus, said: “Five years in the making, the newest member of the Airbus family is all set to join its first operator, Iberia. The A321XLR will enable countless new non-stop destinations; it truly opens a new chapter in air connectivity. It is another proud “first” for all of us at Airbus in our constant quest to innovate and bring value to our customers. We are pleased to share this special moment with a special customer: gracias y felicidades Iberia.”
The newly delivered A321XLR to Iberia seats 182 passengers in a two-class layout with lie-flat business class seats with direct aisle access. Boasting the new Airspace cabin, the aircraft will provide passengers with long haul comfort in all classes. The XL bins provide 60% more luggage capacity for a more relaxed boarding experience for passengers and cabin crew. In addition, in-seat connectivity is available for passengers at every seat, and the latest lighting system enhances the overall passenger experience.
The A321XLR is the next evolutionary step from the A320neo which responds to market needs for even more range and payload, creating more value for the airlines. It will deliver an unprecedented Xtra Long Range of up to 4,700nm – 15% more range than the A321LR and with 30% lower fuel burn per seat compared with previous generation competitor aircraft, as well as reduced NOx emissions and noise. So far, Airbus has secured more than 500 orders for the aircraft.
The first A321XLR completed its maiden flight in June 2022. This was followed by an extensive test programme involving three test aircraft. As with all Airbus aircraft, the A321XLR aircraft is already able to operate with up to 50% SAF. Airbus is targeting to have its aircraft up to 100% SAF capable by 2030.
Source: Airbus
Photo Credit: Airbus
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Saudi Airline – Riyadh Air Places Firm Order for 60 Airbus A321neo Family Aircraft
Riyadh, Saudi Arabia, 30 October 2024 – Riyadh Air, the new premium international airline based in Saudi Arabia, has placed a firm order for 60 A321neo Family aircraft. The agreement was signed at the Future Investment Initiative (FII) in Riyadh, marking a significant milestone for Riyadh Air. The signing ceremony was attended by His Excellency Yasir Al-Rumayyan Governor of the Public Investment Fund (PIF) and Chairman of Riyadh Air, Tony Douglas, CEO of Riyadh Air, Christian Scherer, Chief Executive Officer, Commercial Aircraft at Airbus and Benoit de Saint-Exupery, Executive Vice President Sales of the Commercial Aircraft business.
“This investment will not only enable us to support economic growth in the aviation industry, it will ensure Riyadh Air operates one of the most fuel efficient fleets. It’ll be instrumental in helping Saudi Arabia achieve its decarbonisation goals,” said Riyadh Air CEO Tony Douglas. “This deal strongly reinforces the positive economic impact of Saudi Arabia’s newest airline on both a global and local scale to facilitate the fast-growing Saudi aviation ecosystem.”
Christian Scherer, CEO of Commercial Aircraft at Airbus said: “We are proud to welcome Riyadh Air as a new Airbus customer and partner. The latest generation A321neo aircraft will bring exceptional efficiency to the airline’s operations, concrete contributions to its decarbonisation goals and comfort to its passengers. We look forward to working together to support the strong ambitions of Saudi aviation.”
The A321neo is the largest member of Airbus’ best-selling A320neo Family, offering unparalleled range and performance. By incorporating new generation engines and Sharklets, the A321neo brings a 50% noise reduction and more than 20% fuel savings and CO₂ reduction compared to previous generation single-aisle aircraft, while maximising passenger comfort in the widest single-aisle cabin in the sky.
To date more than 6,700 A321neo have been ordered by more than 90 customers across the globe.
Source: Airbus