Market Intelligence: Far East & China

Airbus Announces Commercial Aircraft Orders and Deliveries for the Month of August 2024

In August 2024, European aircraft manufacturer Airbus:

  • Delivered 47 aircraft to 31 customers
    • 5 A220-300
    • 12 A320neo
    • 24 A321neo
    • 1 A330-900
    • 4 A350-900
    • 1 A350-1000
  • Secured 46 orders
    • 10 A220-300
    • 3 A320neo
    • 30 A330-900
    • 3 A350-900
  • Year to date Airbus has delivered 447 aircraft to 75 customers.

AFM Team Note – kindly contact us for a detailed Excel breakdown of orders and deliveries by airline.

Source: Airbus
Photo Credit: Airbus

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Hong Kong Flag Carrier Selects Flame Aviation to Enhance Fire Safety Training with New Fire Trainer

Hong Kong airline Cathay Pacific has joined the growing family of Flame Aviation users with the recent addition of their brand-new V9000 Commander™ XR fire trainer. This advanced training equipment allows Cathay Pacific to conduct comprehensive fire training sessions regardless of outside weather conditions, ensuring uninterrupted safety training for its crew.

The V9000 Commander™ XR includes an observation cabin that accommodates up to 25 trainees. This cabin features an extra-large glass window, allowing trainees to observe the fire training process, and is equipped with both heating and air-conditioning.

It comes with additional features such as standard hot spots in the lavatory door and luggage bins, cabin panic sound, and a burning smell.

Source: Robin Pijnaker (Flame Aviation)
Photo Credit: Robin Pijnaker (Flame Aviation)

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Comply365 Announces Acquisition of Training Management System Solution Provider Qualtero

Beloit, Wis. / Bristol, England / Tel Aviv, Israel – September 4, 2024 – Comply365, LLC (“Comply365”), a leading global provider of compliance and safety management solutions for the aviation, rail and defense industries, announced the acquisition of Qualtero Limited (“Qualtero”), a leading provider of solutions to optimize civil and military aviation training operations. The acquisition will create a leading global all-in-one compliance, safety and training platform for peak operational performance serving the aviation, defense and rail industries with over 140 customers located in over 30 countries on six continents. Terms of the transaction were not announced.

In January 2024, Insight Partners, a global software investor, and Liberty Hall Capital Partners (“Liberty Hall”), a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, announced a strategic growth investment in Comply365 in connection with Comply365’s merger with VistairLimited (“Vistair”). The acquisition of Qualtero represents Comply365’s first acquisition since its merger with Vistair.

Commenting on the acquisition of Qualtero, Tom Samuel, Vice Chairman, and Rob Morgan, CEO, of Comply365 said, “We are delighted to welcome the Qualtero team into the Comply365 family. Qualtero is a world-renowned provider of innovative training and qualification management solutions for civil and military aviation, with a stellar global customer base. This acquisition brings together complementary product lines and talent, further bolstering our ability to deliver a unique value proposition to our customers by connecting the dots between operational content management, safety management, training management, and data analytics.”

Barak Kirmayer, CEO of Qualtero said, “The acquisition of Qualtero by Comply365 marks a significant milestone in Qualtero’s journey. We see immense synergy between the companies’ solutions and teams, and with the support of Comply365, we are poised to deliver even greater value and more innovative products to our combined customers.”

Henry Frankievich, Managing Director at Insight Partners said, “The acquisition of Qualtero is a natural extension of Comply365’s strategy to create a comprehensive compliance and safety platform serving the global aviation, defense and rail industries. We believe that the addition of Qualtero’s widely respected training and qualifications management capabilities will enable our customers to achieve the highest levels of operational excellence. We look forward to continuing to work with Liberty Hall to support Comply365 in their continued growth.”

James Black, Partner at Liberty Hall Capital Partners added, “With the acquisition of Qualtero, Comply365 extends the value proposition it offers to airlines, defense and rail organizations by expanding its capacity to power operational excellence with a leading training management offering. Along with our partners at Insight, we look forward to supporting Comply365’s continued growth, combining the strengths and expertise of both organizations to deliver even greater value to our collective customers.”

Legal advice to Comply365 was provided by Gibson Dunn & Crutcher, Willkie Farr & Gallagher and Goldfarb Gross Seligman. Qualtero was advised by DLA Piper and Barnea Jaffa Lande & Co.

About Comply365

Comply365 is a leading provider of Operational Content Management, Safety Management and Training Management in the highly regulated industries of aviation, defense and rail.  Comply365 provides a powerful combination of expertise and products underpinned by unified best practices, providing airlines, rail and defense organizations with a single digital platform to elevate operational excellence, transform safety management and training, with closer integration of relevant data sets across domains.By empowering airline, rail and defense organizations with an all-in-one compliance, safety, training and data platform, Comply365 ensures their crews and assets always geared for peak operational performance, unlocking unparalleled financial and operational gains through more streamlined, robust and agile operations. Comply365 is the trusted technology partner of many of the most progressive aviation and defenseorganizations worldwide with a global customer base of over 120 airlines, defense and rail organizations.

About Qualtero

Qualtero is a premier provider of training management solutions, empowering organizations to deliver impactful training experiences that drive compliance performance and growth. Qualtero specializes in developing innovative solutions for optimizing commercial and military aviation training operations. Its flagship products include Fox, a comprehensive Training Management System, and Qualtero EQMS, the most modern Qualification Management System. These tools help aviation training organizations of all sizes streamline processes, reduce costs, and enhance throughput.Qualtero’s team of talented and experienced professionals employ proven methodologies to ensure complete customer success, continuously enhancing its solutions with the latest technology to meet their evolving needs.

About Insight Partners

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2023, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO.

About Liberty Hall

Liberty Hall Capital Partners is a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry. Liberty Hall’s principals have a 25-plus year history of working together and have led the investment of over $2.5 billion in equity capital in over 25 businesses serving multiple segments of the aerospace and defense industry. Liberty Hall was founded in July 2011 as the first, and remains the only, private equity firm focused solely on investments in middle market businesses serving the aerospace and defense industry. Liberty Hall executes a proven and repeatable investment strategy designed to transform middle market businesses into larger, more capable and diverse strategic assets.

Source: Qualtero
Photo Credit: Qualtero

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Korean Air Selects Flame Aviation for Advanced Fire Trainer to Enhance Crew Training

Amsterdam, The Netherlands – Flame Aviation, the world leader in next- eneration fire trainer manufacturing, is proud to announce that it has been selected by Korean Air to design, manufacture, and deliver a V7000 Brigade™ VIEW next-generation fire trainer. This advanced fire trainer will be used to train Korean Air’s flight and cabin crew in a variety of realistic scenarios, preparing them to handle inflight fires under diverse and challenging circumstances.

As one of the world’s leading airlines, Korean Air is committed to maintaining the highest standards of safety and emergency preparedness. By partnering with Flame Aviation, they will be equipping their crews with the most sophisticated training tools available, ensuring they are fully prepared to manage fire emergencies with precision and confidence.

The fire trainer is equipped with Flame Aviation’s new Flame Envision™ user interface, a cutting-edge system designed to enhance the training experience. Flame Envision™ provides intuitive controls and real-time scenario management, allowing for more immersive and effective training sessions tailored to the needs of flight and cabin crews.

“We are honored to be chosen by Korean Air for this important project,” said Robin Pijnaker, Managing Director at Flame Aviation. “This selection highlights our shared commitment to safety and excellence in aviation training” The fire trainer is expected to be delivered and operational by November of this year.

Flame Aviation is recognized as the industry standard in fire trainers, making it the preferred choice for airlines and training centers worldwide. Their high-quality, reliable fire trainers are trusted globally to deliver effective and realistic fire training.

Source: Flame Aviation
Photo Credit: Flame Aviation

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World’s Largest ACMI Provider and Aviation Conglomerate Avia Solutions Group Reports Euro 1.2 Billion in Revenue for H1 2024

Avia Solutions Group, the world’s largest ACMI provider (Aircraft, Crew, Maintenance, and Insurance) services and owner of global pilot training group BAA Training, announced that in its first half results of 2024 it reported a 34% growth in EBITDA year-on-year to €179 million.

Over the first half of 2024, European customers accounted for 55.1% of revenues, while Asia accounted for 27.9%. The Americas, Africa, Australia and Pacific Islands represented 11.8%, 2.7%, and 1.2%, of revenues respectively.

Driving this increase in revenues, and a 44% increase in net profit for the second quarter of 2024 compared to the second quarter of 2023, was the implementation of Avia Solutions Group’s ongoing strategy of investing in bolstering its capacity in a timely manner to meet the continued strong demand from airlines globally for additional aircraft during their peak seasons.

The Avia Solutions 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. The Group is planning to obtain further air operator certificates (AOCs) in Malaysia, Thailand, Philippines and Brazil in the near future.

As part of this strategy, the Group completed the acquisition of Australian based Skytrans in the first half of 2024. The obtained AOC brings the total number of air operator certificates held by the group to 11.

“Our performance over the first half of 2024 underscores our strong market position and ability to meet the rising demand for passenger aircraft. Our 44% growth in net profit for the second quarter is a testament to our team’s dedication and the trust our airline partners place in us, particularly during the peak holiday season in counter seasonal markets. We remain committed to driving further growth and delivering value to our stakeholders.” Jonas Janukenas, CEO of Avia Solutions Group, said. “As such, we will continue to expand our worldwide services operations, fleet capacity and capabilities to continue delivering exceptional services across passenger and cargo operations to customers.”

Testament to investor confidence in the Group’s strategy is the increase of group equity capital by €307 million to €655 million over the first half of 2024. Part of this growth in group equity capital included US-based Certares Management LLC, a private equity investment firm which invested into Avia in 2021, electing to convert its preferred shares to ordinary shares.

To further the Group’s business development initiatives, Avia Solutions Group also successfully issued US$300 million of five-year senior unsecured bonds with coupon of 9.75% in the first half of 2024.

Avia Solutions Group offers its services to customers including some of the largest airlines in the world. The group operates in 68 countries around the world and consists of 100+ companies providing a wide range of aviation services like aircraft maintenance and repair (MRO), pilot and crew training, ground handling, and more. The group’s team encompasses 12,000 highly qualified aviation professionals.

Source: Avia Solutions Group

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