Market Intelligence: North and Central Asia

Avia Solutions Group, Parent Company of BAA Training, Reports Q3 EBITDA of Euro 316 Million and Revenue Euro 1.64 Billion

Avia Solutions Group, the world’s largest ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, is announcing its financial results for the third quarter of this year. The company’s adjusted EBITDA is €316 million, representing a 31% growth compared to the same period last year when it €242 million. Furthermore, the group’s revenue increased by 22% to reach €1.64 billion, compared to €1.34 billion for the same period in the previous year.

According to Jonas Janukenas, CEO of Avia Solutions Group, financial results of Q3 is a direct reflection of the substantial demand for ACMI services in the global aviation market: “The year 2023, especially the extremely active summer season, demonstrated the tremendous need for ACMI services in the aviation industry worldwide.”

During the third quarter of this year, the group continued its active expansion of the aircraft fleet, adding 24 new ones since the beginning of the year. The fleet now consists of 197 passenger and cargo aircraft. Janukenas underlines that Avia Solutions Group plans to maintain its leading position in the ACMI market and has future expansion plans in the Asia-Pacific region. The establishment of the new companies BBN Airlines Thailand and BBN Airlines Indonesia marks a new phase of development in the region. By the end of 2024, the group aims to own five airline companies operating in various Asian countries.

CEO of Avia Solutions Group says: “Expanding in Southeast Asia and South America is a key strategic direction for the group, allowing us to balance the reduced seasonal demand in Europe during the winter by shifting aircraft to these regions. Additionally, significant investments are being made in MRO infrastructure for the group’s aviation companies providing ACMI services. The total investment in the initial development phase in the region amounts to €25 million.”

Recently, Avia Solutions Group has begun the construction of a 20,000 sq. m aircraft maintenance hangar in the Dominican Republic and a 17,000 sq. m aircraft maintenance hangar in Bali. The group’s subsidiary, Avion Express has established ACMI airline in Brazil to serve the needs of clients in Colombia, Chile, Brazil, and the Dominican Republic.

In the Q3, the main revenue-generating regions for Avia Solutions Group were Europe (69.4%), Asia (19.2%), North and South America (5.8%), Africa (3.9%), and Australia and the Pacific (1.1%). The most significant change, compared to 2022, is observed in Asia, where the group’s annual revenue increased by 9.2%.

Irish-based Avia Solutions Group is the parent company of over 100 subsidiaries. Supported by 11,700 highly skilled aviation professionals, the group operates in 68 countries worldwide.

Source: Avia Solutions Group
Photo Credit: Avia Solutions Group

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L3Harris Commercial Aviation Introduces its Full Flight Simulator Maintenance eLearning Platform

L3Harris Commercial Aviation introduces SimU (Simulator University), a brand-new Full Flight Simulator maintenance eLearning platform designed specifically for training simulator technicians.

Benefits:

  • Learn from up to date modules
  • The detailed and readily available information can be consumed by any authorized employee, not just technicians
  • Access learning anywhere at any time with no constraints
  • Maximize your learning investment
  • Access an integrated system which tailors to your schedule
  • Absorb learning at your own pace
  • Refresh your knowledge by revisiting material continuously
  • Benefit from less FFS downtime and improved staff retention
  • Train and work simultaneously
  • Experience faster on-boarding
  • Guarantee your business continuity
  • Provide quality and consistent training to an unlimited number of students
  • Utilize the platforms digital capabilities to track student performance and provide targeted support

SimU is available on the following R7e devices:

  • A320
  • B737 MAX (Coming soon)
  • B787 (Coming soon)
  • A350 (Coming soon)
  • A330 (Coming soon)

Source: L3Harris Commercial Aviation
Photo Credit: L3Harris Commercial Aviation

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Airbus Announces Commercial Aircraft Orders and Deliveries for the Month of November 2023

In November 2023, aircraft manufacturer Airbus:

  • Delivered 64 aircraft to 40 customers
    • 7 A220-300
    • 19 A320neo
    • 29 A321neo
    • 3 A330-900
    • 6 A350-900
  • Secured 113 orders
    • 30 A220-300
    • 64 A320neo
    • 2 A321neo
    • 1 A330-900
    • 16 A350-900
  • Year to date Airbus has delivered 623 aircraft to 82 customers.

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

Source: Airbus
Photo Credit: Airbus (shown as meta image)

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Flight School Management Solution Provider Flight Schedule Pro Welcomes New Chief Technology Officer

United States headquartered flight school management software solution provider Flight Schedule Pro has welcomed Ryan Townsend as its new Chief Technology Officer.

“I’m beyond excited to have the opportunity to join the Flight Schedule Pro team,” said Ryan Townsend. “As a leading technology provider in the aviation industry, our organization is uniquely positioned to support an industry facing unprecedented challenges. This climate demands not just innovative thinking, but also a nimble approach to our products and strategies. From my first interactions with our business leaders, it’s been clear that Flight Schedule Pro is more than up to the challenge! With a focused team that has already charted a clear path to success, I am confident in our ability to deliver enormous value to our customers and partners. I look forward to the challenge of building upon our strong platform, delivering innovative solutions, and realizing the full potential of our product strategy.” shared Mr Townsend.

Source: Flight Schedule Pro

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FlightLogger Announces Partnership with Wingops to Consolidate Management of Key Flight School Operations

In the ever-evolving world of flight training, aircraft maintenance stands, along with flight training management, as an essential task for organisations providing flight training. Whether conducted in-house or through trusted suppliers, this core function ensures the safety, compliance, and efficiency of aviation operations.

Recognizing the critical importance of both flight training and maintenance, FlightLogger, a leading aviation training management software provider, is excited to unveil a groundbreaking partnership with Wingops, a cutting-edge aircraft maintenance system.

At its core, this partnership introduces a seamless integration between FlightLogger’s renowned training management software and Wingops‘ state-of-the-art aircraft maintenance system. The new integration offers a transformative solution for aviation training operators, simplifying and enhancing the way they manage their training and aircraft maintenance activities.

Key highlights of the FlightLogger-Wingops integration include:

  • Effortless Data Synchronization: Flight times for each aircraft are automatically updated from FlightLogger into the Wingops system, ensuring precision and timeliness in maintenance scheduling.
  • Automated Maintenance Bookings: Work orders generated in Wingops trigger automatic maintenance bookings within FlightLogger, streamlining scheduling workflows and minimizing manual tasks.

The new partnership stands as a testament to FlightLogger’s and Wingops‘ dedication to innovation and customer satisfaction. By combining FlightLogger’s expertise in training management with Wingops‘ advanced maintenance capabilities, aviation organizations can expect improved operational efficiency, enhanced compliance, and heightened safety measures.

“We are thrilled to partner with Wingops to offer this game-changing integration,” said Kenneth Jeppesen, CEOand founder of FlightLogger. “In an industry where excellence in training and maintenance is non-negotiable, our collaboration will empower our clients to optimize their operations and reduce costly downtime for aircraft maintenance.”

This new partnership underscores FlightLogger’s ongoing commitment to providing comprehensive solutions tailored to the unique needs of the aviation training industry.

About FlightLogger

FlightLogger is a leading provider of digital training management solutions for the flight training industry. The web-based software simplifies the administration and documentation of training activities, ensuring compliance, efficiency, and safety for flight training organizations worldwide.

About Wingops

Wingops is a cutting-edge aircraft CAMO and maintenance system designed to streamline maintenance operations and enhance the safety and reliability of aircraft. Their advanced solutions are trusted by aviation professionals globally.

Source: FlightLogger
Photo Credit: FlightLogger

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L3Harris Technologies Announces Definitive Agreement to Sell Commercial Aviation Solutions Business for $800 Million

Melbourne, Florida, Nov. 27, 2023 — L3Harris Technologies today announced the signing of a definitive agreement under which an affiliate of TJC L.P. will acquire L3Harris’ Commercial Aviation Solutions (CAS) business for $800 million. The acquisition includes a $700 million cash purchase price and $100 million earnout based on the achievement of certain 2023 and 2024 financial performance targets, which together represent an approximate 15x LTM 9/30 EBITDA purchase multiple. The transaction is expected to close in the first half of 2024 and is subject to customary closing conditions and regulatory approvals.

“Today’s announcement is consistent with our multi-year strategy to optimize our national security, technology-focused portfolio,” said Christopher E. Kubasik, Chair and CEO, L3Harris. “Aligned with our capital allocation priorities, we plan to use the proceeds from this transaction to repay debt, which will accelerate our timeline to reach our debt leverage objective.”

The CAS transaction includes the sale of L3Harris’ surveillance joint venture and is subject to a right of first refusal; if exercised, an affiliate of TJC L.P. will acquire the rest of CAS.

L3Harris’ CAS business employs approximately 1,450 people and offers pilot training, flight data analytics, avionics, and advanced air mobility products and services, among other capabilities.

Morgan Stanley & Co. LLC and Moelis & Company are serving as financial advisors to L3Harris, and Sullivan & Cromwell LLP is serving as legal advisor. J.P. Morgan Securities LLC is acting as financial advisor, and Kirkland & Ellis LLP is serving as legal counsel for TJC L.P.

About L3Harris Technologies
L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers’ mission-critical needs always in mind, our nearly 50,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security.

About TJC
TJC L.P. (formerly known as The Jordan Company), founded in 1982, is a middle-market private equity firm that has raised funds with original capital commitments in excess of $22 billion and has a 41-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Diversified Industrials; Technology, Telecom & Power; Logistics & Supply Chain and Consumer & Healthcare. The senior investment team has been investing together for over 20 years and is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. TJC has offices in New York, Miami, Chicago and Stamford.

Source: L3Harris
Photo Credit: L3Harris (shown as meta image)

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Dynamic Advanced Training Hosts AFM Global Pilot Training Organisation Leadership Summit Dinner

Dubai, United Arab Emirates based Dynamic Advanced Training, a world-class SEP training center, hosted attendees from the AFM Global Pilot Training Organisation Leadership Summit 2023 for dinner on Wednesday, 15th of November 2023 under the theme of “Dynamic Dinner under the Sim”.

The summit brought together over 50 of the world’s leading flight training organisation leaders which got to experience the training center before enjoying a 3 course dinner.

To learn more about the summit check out this announcement.

Source: Dynamic Advanced Training

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