Market Intelligence: -Airline Aircraft Orders
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Kenyan Airline Introduces the First ATR-500 Aircraft in the Country in 2024
Nairobi, Kenya – Kenyan operator Renegade Air, leading turboprop lessor Abelo and world’s number one regional aircraft manufacturer ATR, celebrated the introduction of the first ever ATR -500 aircraft in Kenya, during a ceremony held on September 25, 2024 at Wilson airport. This milestone marks a significant advancement in the partners’ capabilities to serve the growing demand for efficient and reliable air services in the region. The ATR -500, leased from Abelo, has been converted into a cargo configuration to meet the specific needs of Renegade Air’s operations.
With its proven track record for performance and reliability, capacity to operate in hot and high environments, from unpaved runways, and to access the most remote airfields, this ATR aircraft is set to enhance Renegade Air’s capacity to transport goods swiftly across domestic and regional routes, supporting various industries such as e-commerce, pharmaceuticals, and perishables.
The largest market for turboprops in Africa, with over 80 aircraft of the type currently flying, Kenya could accommodate many additional ATR -500 and latest generation -600 series aircraft, from both Wilson Airport and JKIA International Airport, to serve regular domestic and international routes.
Tasneem Kaderbhai, Commercial Manager for Renegade Air Limited, said: “Our new ATR -500 cargo aircraft will be a game-changer in our fleet, bolstering our ability to provide timely and efficient air cargo services to our customers. This strategic addition underscores our commitment to meeting the evolving needs of the market, supported by two ideal partners: Abelo and ATR. This move further solidifies our position as a key player in the air cargo industry in Kenya.”
Mathieu Duquesnoy, Abelo’s Chief Marketing Officer, stated: “We are thrilled to partner with Renegade Air in bringing the first ATR -500 aircraft to Kenya. This collaboration highlights our commitment to providing tailored leasing solutions to airlines seeking to enhance their capabilities. The conversion of this ATR aircraft into a dedicated cargo platform is a testament to its versatility, adaptability across different operational requirements, and long-term value as an asset.”
Michael Chassot, Sales Director EMEA at ATR, added: “Renegade Air’s selection of the ATR -500 marks both the continuation of a successful partnership with Abelo and ATR’s comeback to Kenya – a market ATR has strong ambitions for. ATR aircraft are the ideal candidates to replace ageing fleets, bringing comfort, convenience and affordable connectivity to the Kenyan communities with state-of-the-art, ultra-efficient, low operating cost and versatile aircraft.”
Source: ATR Aircraft
Photo Credit: ATR Aircraft
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Airbus Forecasts Asia-Pacific to Require 19,500 New Aircraft as Services Market More Than Doubles by 2043
The commercial aircraft services market in the Asia-Pacific region will more than double in value to US$129 billion from US$52 billion today, by 2043 according to Airbus’ latest Global Services Forecast (GSF).
This is driven by a demand for some 19,500 new aircraft for the region, supported by a compound annual growth rate (CAGR) of 4.81% in passenger air traffic in the region.
Driven by the rise in annual air traffic, fleet growth and the requirement for more digitally-enabled and connected aircraft, the growth in demand for services will be reflected in solutions implemented across all phases of the aircraft from delivery to end-of-life, including fleet maintenance, aircraft modernisation and training.
Among the various segments of the services business in Asia and the Pacific, the Maintenance market will more than double from US$43 billion to US$109 billion (+5.0% CAGR). The Enhancements and Modernisation sector is projected to grow similarly, from US$5.1 billion to US$13 billion (+5.1% CAGR), while Training and Operations is expected to rise from US$4.1 billion in 2024 to US$7.6 billion in 2043 (+3.3% CAGR).
Airbus anticipates a need for 999,000 new skilled professionals in the region (nearly 45% of global manpower) over the next 20 years, comprising 268,000 new pilots, 298,000 new technicians and 433,000 new cabin crew members.
“The Asia-Pacific region will see the largest volume of growth and activity in terms of aftermarket services, with many opportunities for additional efficiency, simplification and responsible operations. Airbus will continue to play an important role in supporting airlines and the aviation industry at large in responding to those opportunities,” said Cristina Aguilar Grieder, Airbus Senior Vice President Customer Services.
Source: Airbus
Photo Credit: Airbus