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Continued on page 3

When Indianapolis-based Re-public Airways Holdings filed for Chapter 11 bankruptcy protection at the end of February, the event highlighted the troubling and on-going pilot shortages in the U.S. regional airline sector. Republic is the second-largest regional carri-er behind Utah-based SkyWest and for several years Repub-lic has suffered from not having enough pilots to cover all its flights.

Republic’s board of directors unanimously determined that a Chapter 11 reorganisation is in the best interest of the company and its stakeholders. This short-

age has translated into a loss of revenue that has ultimately re-sulted in a need to file for bank-ruptcy protection.

So where have all the pilots gone? Well, the simplest explanation is that training pilots takes a lot of

time and the profession is hierar-chical, so the supply is relatively inelastic. Mainline carriers how-ever are mostly insulated from this issue.

Also, recently introduced govern-ment rules in the U.S. have made it even harder to become an air-line pilot than it used to be.

In 2013 the Federal Aviation Ad-ministration (FAA), slapped a new rule that increased the qualifica-

tion require-ments for first officers who fly for U.S. passen-ger and cargo airlines. The rule requires first of-ficers to hold an airline transport pilot certificate,

requiring 1,500 hours total time as a pilot. Previously, first officers were required to have only a com-mercial pilot certificate, which re-

“Over the last several months, the airline attempted to restructure the obligations on its out-of-favour aircraft.”Bryan Bedford, chairman Republic Airways

WORLD NEWS

Republic operates

significant services for

American Eagle.

Photo: American

Airlines

ISSN 1718-7966 MARCH 7, 2016/ VOL. 530

Republic Airways files for Chapter 11 As U.S. pilot shortage deepens

Lufthansa begins new Panama City serviceLufthansa has started its new ser-vice to Panama City operating a 298 seater Airbus A340-300 aircraft. Un-der the new codeshare accord, Luf-thansa travellers can fly on with Star Alliance partner Copa Airlines from Panama City to any of 73 further destinations in Ecuador, Venezuela, Peru and Costa Rica, many of them bookable under Lufthansa flight numbers. In return, Copa Airlines customers gain access to the global network of the Lufthansa Group, which currently extends to 261 des-tinations in 101 countries.

Sydney welcomes new Qatar Airways servicesQatar Airways has commenced a daily service from Doha to Sydney. Sydney Airport Managing Director and Chief Executive Officer, Ms. Ker-rie Mather said: Qatar Airways’ new daily service will boost tourism, pro-viding an additional 245,000 seats per year, generating an estimated 3,000 jobs and contributing more than AUD$240 million to the Aus-tralian economy. Qatar operates a Boeing 777-300 on the new route. The new service will also provide 84 tonnes of cargo capacity per week in and out of the New South Wales (NSW) capital, connecting Australia’s leading exporters to Qatar Airways Cargo’s global network of more than 150 stations around the world.

Bangkok Airways selects Sabre technologyBangkok Airways will be among the first to adopt Sabre’s revenue op-timiser solution, designed to help airlines respond to changing market conditions in real-time and maximise multiple revenue streams through advanced decision support for cus-tomer segmentation, offer manage-ment and pricing optimisation.

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Skyworld Aviation arranges ATR 42-300 ACMI between DAT and Sunrise Airways

Skyworld Aviation has arranged a long-term ACMI agreement between Danish Air Transport (DAT) of Denmark and Sunrise Airways of Haiti. The aircraft, an ATR 42-320 (serial number 112), is due to start operations in early March and the contract will con-tinue into late 2017. Sunrise Airways currently op-erates a fleet of three 19-seat Jetstream 32 aircraft, serving Porte au Prince, Cap Haitien, Santo Domingo and Santiago de Cuba. In 2015, Sunrise was the first Haitian airline to be awarded a Part 129 Operating Permit which upgraded the airline from ad-hoc/charter service to scheduled service status.

Waypoint Leasing signs purchase and lease-back agreement with Bristow Group

Waypoint Leasing (Ireland), an independent global helicopter leasing company, has closed a multi-aircraft agreement with the Bristow Group for the purchase and leaseback of three AgustaWestland AW139 helicopters. All three helicopters will op-erate offshore in crew change and limited search and rescue roles, on long-term contract in Guyana. Waypoint’s portfolio includes more than 120 air-craft with total assets in excess of US$1.5bn. Way-point’s fleet operates for 16 customers in 27 coun-tries. Additionally, Waypoint has firm and option orders with aircraft manufacturers for more than 125 helicopters valued at more than US$1.7bn, to be delivered over the next five years.

AIRCRAFT & ENGINE NEWS

Thai Aviation Services selects fleet of Sikor-sky Helicopters

Thai Aviation Services has decided to renew its existing fleet of commercial helicopters with five Sikorsky S-76D medium-lift and two S-92 heavy-lift aircraft. Selection of an all-new Sikor-sky aircraft fleet will enable the Bangkok-based

operator to continue its track record of providing safe, reliable helicopter transportation to oil and gas customers in the Gulf of Thailand. The an-nouncement was made at the 2016 Helicopter Association International Heli-Expo show. The new fleet replaces six older model S-76 aircraft and two S-92 aircraft currently operated by Thai Aviation Services. Acquisition of the new heli-

quires 250 hours of flight time.

The rule also requires first officers to have an aircraft type rating, which involves ad-ditional training and testing specific to the aircraft they fly.

The Regional Airlines Association has stood in support of Republic saying that while re-gional airlines received ample applications last year from pilots qualified to federal standards, far fewer were able to success-fully withstand the regional airlines own

screening and training process. As a result, regional airlines like Republic Airways can’t keep up with the loss of pilots flowing to mainline carriers.

Bryan Bedford, Republic’s chairman has stressed that over the last several months, the airline attempted to restructure the ob-ligations on its out-of-favour aircraft – made so by a nationwide pilot shortage which led to making some painful decisions.

The company has sufficient assets and li-

quidity to meet its working capital and op-erating expenses during the restructuring process and Bedford feels restructuring will maintain Republic as the world’s largest op-erator of Embraer jets.

It remains unclear whether Republic will commit to its order for the Bombardier C Series but it will not come as a shock if the airline uses the Chapter 11 process to try to cancel the Bombardier order.

...continued from page 1

CDB Leasing takes delivery of first Next-Generation 737

China Development Bank Financial Leasing has taken delivery of the first Next-Generation Boe-ing 737 from the lessor’s order book. It marks the first of 30 Boeing 737NGs CDB Leasing has on order. The Next-Generation 737-800 delivered to China Eastern Airlines features the airline’s refreshed interior and the signature elements of Boeing’s innovative Sky Interior with modern sculpted sidewalls and window reveals, larger pivoting overhead stowage bins and LED lighting that enhances the sense of spaciousness.

First Boeing Next-Generation 737 from CDB Leasing’s order book, operated by China Eastern Airlines Photo: Boeing

February 15, 2016 / Vol. 527

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copters via a major aircraft leasing company’s order book will begin in the third quarter of 2016 until all fleet aircraft are replaced by early 2017.

Rolls-Royce, Enstrom Helicopter sign new 5-year agreement for M250 engine

Rolls-Royce and Enstrom Helicopter Corporation have signed a new agreement to provide Rolls-Royce M250 engines for the versatile 480B heli-copter. The 480B is Enstrom’s flagship turbine helicopter, known for its combination of safety, stability, comfort and value. The five-seat aircraft serves as a military trainer, and is well suited for law enforcement, emergency medical and com-mercial, agricultural and private operations. The Enstrom 480B helicopter is powered exclusively by a single Rolls-Royce M250-C20W engine, known for its power and dependability. More than 220 M250-powered 480B helicopters are in service throughout the world.

Waypoint Leasing signs multi-aircraft pur-chase and leaseback agreement with DRF Luftrettung

Waypoint Leasing (Ireland) has closed a multi-air-craft agreement with DRF Luftrettung (DRF), one of the largest non-profit air rescue services in Germa-ny, for the purchase and leaseback of two Airbus H135P2 helicopters. Both helicopters will operate in Germany, supporting civilian emergency medical services (“EMS”). Dr. Hans Eyrich, CEO of DRF, said, “As we plan for the year ahead, helicopter leasing provides additional flexibility to help manage and finance our fleet. Waypoint has proven itself to be a very valuable partner for us in providing a leas-ing solution with best-in-class technical knowledge and management expertise.”

Bombardier and Hawker Pacific extend Au-thorized Service Facility agreement for Q Series aircraft

Bombardier Commercial Aircraft has extended its Authorized Service Facility (ASF) agreement with Hawker Pacific of Sydney, Australia for an additional five-year term. Under the agreement, Hawker Pacific is designated as an authorized service provider for base and other maintenance on all Bombardier Dash 8 / Q Series aircraft, in-cluding aircraft modifications and upgrades. The fleet of Bombardier commercial aircraft in the Asia-Pacific region is steadily growing with more than 360 Q Series turboprops, CRJ regional jets and C Series airliners now in service with, or on firm order from, approximately 50 customers and operators in the region.

AIRCRAFT & ENGINE NEWS ATR “All Electrical Aircraft” flying demonstrator takes off for Clean Sky

An ATR 72 prototype has taken to the skies to launch the second flying demonstration campaign as part of the EU’s Clean Sky Joint Undertaking (CS JU) program. The aim of this flight trial is to test an all-electrical energy management system, optimizing the electrical power distribution. This second flight test campaign also performs checks on a new all-electrical air conditioning system. The current ‘All Electrical Aircraft’ (AEA) flight tests campaign comes on the heels of the first “green” flying demonstration of the Clean Sky program, completed on July 2015 with the same ATR 72 prototype aircraft. The aim of the first flight test campaign was to test new and more effective composite insulation materials and new vibro-acoustic sensors integrated into a large panel of the ATR aircraft fuselage. The flights also tested new generation optical fibers for improved identification of micro-cracks and easier maintenance. The advanced technologies tested through the AEA Flying Demonstrator have been jointly developed by ATR’s shareholder Finmeccanica (formerly Alenia Aermacchi), CS JU members such as Liebherr for the electrical air conditioning system, Thales for the electrical generation, and CS JU partners via calls for propos-als. ATR has been part of the project since it was initiated in 2008 through its Italian shareholder Finmeccanica the Coordinator of Green Regional Aircraft Integrated Technology Demonstrator, inside the Clean Sky Joint Technology Initiative (CS JTI). Clean Sky is a measure adopted by the European Parliament to support the trend of public-private partnership initiatives in the field of research. The aim is to jointly develop a broad spectrum of technologies devoted to a clean, in-novative and competitive air transport system.

ATR ’All-Electrical Aircraft‘ Flying Demonstrator takes off for Clean Sky Photo: ATR

328 Design GmbH achieves first FAA STC for Dassault Falcon 50EX major cabin modernization

328 Design GmbH (328DO), part of the 328 Group, the Germany-based refurbishment, completions and aircraft maintenance special-ist, has successfully achieved the first Supple-mental Type Certificate (STC) for the Dassault Falcon 50EX from the US FAA under the FAA/EASA bilateral safety agreement. The STC cov-ers extensive cabin refurbishment including the replacement of the legacy Cabin Management System/In-flight Entertainment (CMS/IFE) with Honeywell Ovation Select state-of-the-art Au-dio/HD Video Entertainment and CMS including T-PED (Transmitting Portable Electronic Device) connectivity via Wi-Fi. Additional features in-

MRO & PRODUCTION NEWSclude a complete cabin refurbishment, replac-ing all hard and soft materials, the installation of new LED cabin lighting, and galley modifica-tion. The project was achieved in collaboration with USA-based Duncan Aviation at the compa-ny’s full-service facility in Battle Creek, Michi-gan. This latest STC marks 328DO’s 21st collab-oration with Duncan Aviation in the four years the companies have been working together.

SR Technics to cooperate with S7 ENGI-NEERING on engine maintenance and on-wing services in Russia

SR Technics, one of the world’s leading provid-ers of technical solutions to airlines, is proud to announce a cooperation with S7 ENGINEER-ING (S7E), a part of ENGINEERING Holding, to provide Russian and CIS aircraft operators and owners with engine maintenance and on-wing

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services for CFM56-5B and CFM56-7B engines. The two companies signed a long-term agree-ment to combine SR Technics technical exper-tise on MRO services with ENGINEERING Hold-ing’s deep understanding of the needs of local customers. Furthermore, SR Technics will intro-duce and train the local teams in the LEAN and Continuous Improvement Culture, providing the highest-quality and safety standards for the benefit of customers. Engine MRO services will be provided in a new S7E repair facility located in Domodedovo Airport (DME), Moscow, which will commence operations in early summer 2016. SR Technics will support the certification of the engine repair facility in accordance with the Russian Ministry of Transport and EASA guidelines by implementing SR Technics’ qual-ity standards and best practices.

F/LIST receives new production commis-sion from Fokker

In January 2016, F/LIST and Fokker Services B.V. launched a new development project for aircraft interiors. F/LIST will deliver the interior, intended for the aircraft type ARJ21-700 from Fokker’s client Commercial Aircraft Corpora-tion of China (COMAC), directly to the Dutch business by the end of 2016. Prior to the end of last year, F/LIST closed a contract with the Dutch business Fokker Services B.V. to de-velop and manufacture exclusive interiors for a Chinese aircraft type. The primary challenge lies in transforming the COMAC aircraft type ARJ21-700 from a regional jet into a high-end business jet for the first time. The commission encompasses the galleys, the private suite in-cluding the VIP lavatory, the lounge area, the conference/dining area as well as the business class area along with the AFT lavatory. Over the course of production, F/LIST will also employ their expertise in engineering, in water system integration and in wiring all pertinent areas. F/LIST intends to deliver all construction compo-nents to Fokker Services by the end of 2016.

Rolls-Royce, Innova Helicopters sign RR300 development agreement

Rolls-Royce and Innova Helicopters, a subsidi-ary of Innova Aerospace, have reached agree-ment to launch a technical development pro-gram to certify the RR300 turbo-shaft engine for the Innova Helicopters C630. The three-year engineering support agreement will provide Rolls-Royce technical installation support to complement Innova Helicopter’s C630 certifica-tion program. Both Rolls-Royce and Innova Hel-icopters have already installed an RR300 engine

MRO & PRODUCTION NEWS Singapore Airlines becomes new operator of A350 XWB

Singapore Airlines has taken delivery of its first A350 XWB in Toulouse, France, becoming the fifth operator of the all-new wide-body airliner. The A350 XWB will form the backbone of Sin-gapore Airlines’ future mid-size wide-body fleet. Singapore Airlines’ aircraft is configured in a premium three-class layout with 253 seats, comprising 42 Business Class, 24 Premium Econ-omy and 187 Economy. After an initial period flying on regional services to Kuala Lumpur and Jakarta, the aircraft will be deployed on long-haul flights from May, starting with Amsterdam and then Dusseldorf. Altogether the airline has ordered 67 A350-900s which will be operated on long-range flights, as well as on selected regional services. Seven of the aircraft will be de-livered with an ultra-long range capability for flights of up to 19 hours, allowing the carrier to resume non-stop flights to the US. The A350 XWB will join an existing Airbus fleet at Singapore Airlines that currently comprises 19 double-decker A380s and 29 A330-300s, making the car-rier an operator of the complete Airbus Wide-body Family.

Singapore Airlines takes delivery of its first A350 XWB in Toulouse, France Photo: Airbus

Airbus’ China A330 Wide-body Completion & Delivery Centre construction starts

Airbus has taken additional steps in the expansion of its global footprint and its strategic part-nership with China as construction gets underway for the Airbus A330 Completion and Delivery Centre (C&DC) in Tianjin, China. The A330 C&DC will be co-located at the same site as the Airbus Tianjin A320 Family Final Assembly Line and the Airbus Tianjin Delivery Centre. In summer 2014, Airbus, Tianjin Free Trade Zone (TJFTZ) and the Aviation Industry Corporation of China (AVIC) signed a framework agreement on setting up an A330 C&DC in Tianjin. The A330 C&DC Tianjin will cover the aircraft completion activities including cabin installation, aircraft painting and flight test, as well as aircraft delivery and customer flight acceptance. The A330 Family aircraft to be completed at the A330 C&DC Tianjin will be assembled in Toulouse while painting and cabin fitting will be performed in Tianjin. This latest development of Airbus’ cooperation in China per-fectly supports the forecast for passenger air traffic in China which is set to grow well above the world average of 4.6%. The average annual growth for the domestic air traffic market in China will be at 6.9% and that for the international market is forecast to be at 6.8%. The key underly-ing factors for the forecast are as follows: China’s long term economic outlook remains positive, Chinese middle class continues to increase, and Chinese outbound tourism is expanding.

Groundbreaking ceremony for Airbus Tianjin A330 Completion & Delivery Centre Photo: Airbus

8

WEEKLY AVIATION HEADLINES

IAG posts full year 2015 results

International Airlines Group (IAG) has presented Group consolidated results for the year to De-cember 31st, 2015. The Group posted a fourth-

into the C630 airframe and work continues on plan. The affordable RR300 has been designed for reliable turbine-powered flight for a new generation of aircraft. Specifically designed for light helicopters, the engine is optimized for performance in the 240–300 shaft horsepower range. It has true multi-fuel capability and tur-bine engine responsiveness, smoothness and worry-free reliability. The global RR300 FIRST network is designed to deliver local engine re-pair and overhaul support.

Amaszonas signs ABACUS contract with Fokker for fleet of Bombardier CRJ200s

Fokker Technologies, a division of GKN Aero-space and Amaszonas, located in Bolivia, has entered into a five-year ABACUS program for its fleet of CRJ200 aircraft. As part of this support program, Fokker will exchange and repair all ro-table components of Amaszonas’ CRJ200 fleet on a ‘Power-by-the-hour’ base. In 2015 Fokker extended their comprehensive rotable com-ponents support program ‘ABACUS’ by adding the Bombardier CRJ aircraft family and signing Air Nostrum as launch customer. Amaszonas is now the second CRJ customer to sign up for this program.

Precision Aviation Controls now Honey-well approved for Pratt & Whitney PT6 series fuel accessory support

Precision Aviation Group has received formal approval from Honeywell to provide Mainte-nance Repair and Overhaul (MRO) services for various PT6A and PT6T Engine Accessories through its subsidiary Precision Aviation Con-trols (PAC). The capabilities have been added at PAG’s subsidiary Precision Aviation Controls (PAC), an FAA / EASA & ISO 9001 Approved Re-pair Station located in Independence, Kansas. PAC has been a Honeywell Authorized Warran-ty and Repair Station (AWARS) since 1995. The new PT6 approval encompasses the complete line of PT6 Fuel Accessories and complements PAC’s existing RR250 and LTS101 capabilities. This increases PAC’s MRO capability to over 1,200 unique part numbers.

MRO & PRODUCTION NEWS

Vector Aerospace certified for Airbus Helicopters H130/EC130 Tail Rotor Gearbox repair and overhaul

Vector Aerospace has announced the addition of the Air-bus Helicopters H130 (formerly EC130 T2) and EC130 B4 tail ro-tor gearbox (TGB) to its existing range of rotorcraft repair and overhaul (R&O) ca-pabilities. Vector will offer this expanded support for the H130/EC130 from its facilities in Langley and Richmond, BC, Canada, which al-ready offer operators worldwide a range of services for Airbus Helicopters models including the H125/

AS350, AS355, H130/EC130, BO105, H135/EC135 and AS332. Vector’s service offerings for the H130/EC130 family include D-level structural repairs, dynamic component repair (DCR), including main and tail rotor gearboxes, plus scheduled maintenance including 12-year inspec-tions. Vector is also an authorized Turbomeca Arriel 2 repair center, supporting operators in North America.

Vector Aerospace maintenance on H130 Tail Rotor Gearbox Photo: Vector Aerospace

Air Inuit to be launch customer for Bombardier Q300 Freighter with large cargo door

Bombardier Commercial Air-craft and Air Inuit have re-ported that they are working together on a passenger-to-freighter conversion for the Q300 turboprop aircraft. The freighter will include a large cargo door. Dorval, Québec-based Air Inuit, a long-time operator of Q300 aircraft, has championed this modifi-cation and will be the launch customer for the conversion. In support of this conversion, a new Supplemental Type Certificate (STC) will be developed under license by a specialized third-party entity. The converted Q300 aircraft is expected to have a cargo capacity of 12,500 lb with an optimized cargo door. The aircraft will accommodate palletized and free load cargo. Air Inuit currently operates a fleet of 25 aircraft that includes two Bombardier Q100 and 10 Q300 turboprops.

Q300 LCD Freighter in Air Inuit’s livery Photo: Bombardier

quarter operating profit of €540m excluding Aer Lingus and before exceptional items (2014: operating profit of €260m); including Aer Lingus €530m. Passenger unit revenue for the quarter was up 3.1% excluding Aer Lingus and at constant currency down 3.7% including approximately 1 point adverse impact from Paris attacks. IAG reported operating profit for the year to Decem-

FINANCIAL NEWSber 31st, 2015 of €2,300m excluding Aer Lingus and before exceptional items (2014: operating profit of €1,390m), up 65%; including Aer Lingus €2,335m. Revenue for the year was up 13.3% to €22,858m and passenger unit revenue for the year down 3.5% at constant currency. (€1.00 = $1.08 at time of publication.)

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WEEKLY AVIATION HEADLINES

AE Materials Group acquires The Aircraft Group

AE Industrial Partners, a private equity investor in aerospace, power generation and specialty industrial companies, released that its wholly-owned AE Materials Group (AEMG) has acquired The Aircraft Group (TAG). TAG is a leading pro-vider of aircraft consulting services for the pur-chase, sale or leasing of commercial aircraft as well as fleet asset management. Terms of the transaction were not disclosed. Founded in 1990 by Walter Andrushenko, TAG assists clients with the financial, technical and documentation re-quirements associated with buying, selling and leasing commercial aircraft. TAG’s core services include engine inspections, technical analysis, aircraft import/export services, lease returns, certification, and economic evaluations. TAG also has unique asset management capabilities through its TAG Fleet Online technology.

Small Planet Airlines profits more than double

Small Planet Group has announced financial results for the year 2015. The company car-ried 1.8 million passengers – 40% more than in the previous year – and saw its revenues grow 27%. Meanwhile, full-year profit for a second year in a row doubled. Profits are now being reinvested into cabin interior and other growth projects. Full-year profit was €19.2m before tax, in comparison to €8.2m in 2014, and €1.7m the year prior to that. Revenue grew by 27% from €143.2m in 2014 to €182m in 2015. At the end of the year, the company had 430 people within the Group compared to 348 at the same time the previous year, mostly consisting of flight and cabin crew members. The number of aircraft

under the company’s certificates has also gone up year-on-year: in 2013 the company had 8 aircraft, in 2014 – 11, in 2015 – 18 aircraft. The 2016 summer fleet will consist of 21 Airbus air-craft – seventeen A320s and four A321s. Most of the aircraft will have a new-concept interior and additional services. It will include new Recaro seats, special LED lighting, and wireless internal network AirFi, which will allow passengers to stream media to their devices. (€1.00 = $1.08 at time of publication.)

BOC Aviation posts 2015 net profit of US$343m, up 11%

BOC Aviation has reported financial results for the year ended December 31st, 2015. Robert Martin, Managing Director and Chief Executive Officer, said: “In 2015, BOC Aviation had another very successful year, with record net profit after tax of US$343m, an 11% increase over 2014. The owned and managed fleet grew to 270 aircraft, and together with 241 aircraft purchase com-mitments at the year-end, our total fleet was 511 aircraft.” Total revenues and other income rose 10% to US$1.09bn, while total assets grew 9.4% to US$12.5bn at year-end. The company maintained strong liquidity with US$507m in to-tal cash, bank balances and fixed deposits, and more than US$2.7bn in committed revolving credit facilities.

AeroCentury earns US$6.4m in 2015

AeroCentury, an independent aircraft leasing company, reported earnings totaling US$3.1m in the fourth quarter of 2015, compared to US$1.3m in the third quarter of 2015, and $0.5 million in the fourth quarter of 2014. The fourth quarter 2015 results reflect increased lease revenue due to improved utilization and higher gains from sales of aircraft. Net income

increased to US$6.4m for the full year in 2015, compared to a net loss of US$11.3m for 2014. The 2014 results included US$18.7m of non-cash pre-tax write-downs on older equipment. During the fourth quarter of 2015, the Com-pany sold three aircraft for cash, which gener-ated gains totaling US$6.3m. For all of 2015, the Company recorded gains totaling US$12.0m for the sale of nine aircraft, including five pursuant to sales-type finance leases. Average utilization improved to 96% in the fourth quarter compared to 94% in the third quarter and 88% in the year-ago quarter. For the full years of 2015 and 2014, utilization was 92% and 82%, respectively.

Embraer releases fourth quarter and fis-cal 2015 results

In 4Q15, Embraer delivered 33 commercial and 45 executive (25 light and 20 large) jets. The Company ended 2015 with 101 total commer-cial aircraft deliveries, surpassing 2015 Guid-ance. Total executive jet deliveries of 120 air-craft (82 light and 38 large) met the executive jet deliveries Guidance for 2015. Revenues in 4Q15 reached US$2,074.4m and in 2015 were US$5,928.1m, also meeting the Company’s 2015 Revenue Guidance range of US$5.8 to US$ 6.3bn. EBIT and EBITDA margins were 3.1% and 7.9%, respectively. In 4Q15, and for fiscal year 2015 the EBIT and EBITDA margins were 5.6% and 10.9%, respectively. 4Q15 Net income at-tributable to Embraer Shareholders and Earn-ings per ADS totaled US$111.2m and US$0.6091 (US$29.7m and US$0.1627 per share excluding deferred tax and provisions relating to Republic’s Chapter 11 filing), respectively. 2015 net income attributable to Embraer Shareholders and Earn-ings per ADS totaled US$69.2m and US$0.3787 (US$ 272.0m and US$1.49 per share excluding these items), respectively.

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Southwest Airlines’ flight instructors have approved the tentative agreement that was reached with union negotiators in late January. Transport Workers Union (TWU) Local 557 re-ports that 68% of those who cast ballots voted in favor of the four-year contract. The contract contains across-the-board pay raises, bonus op-portunities, and mutually-beneficial work-rule changes that meet the needs of the instructors and the Company. The newly ratified contract becomes amendable December 31st, 2019.

Alaska Air Group has reported February op-erational results on a consolidated basis, for its mainline operations operated by subsidiary Alaska Airlines and for its regional flying oper-ated by subsidiary Horizon Air Industries and third-party regional carriers, SkyWest Airlines and PenAir. On a combined basis, Air Group re-ported a 13.8% increase in traffic on an 18.0% increase in capacity compared to February 2015. Load factor decreased 3.0 points to 80.4%. These

statistics include flights operated by Alaska, Ho-rizon, and those under third-party capacity pur-chase agreements.

Finnish airline Go! Aviation, headquartered in Espoo, Finland, has received its SE-IMC air op-erator’s certificate (AOC) and operating license (OL) from the Finnish aviation authority TRAFI. Go! Aviation Ltd operates single-engine Pilatus PC-12 NG planes, and is the only carbon-neutral airline in Europe. Go! Aviation is the first Euro-pean airline to introduce commercial passenger transport using single engine aircraft. Their Go Fly! concept, membership-based with a fixed monthly fee, serves the growing need for quick, extremely cost-efficient business travel on spe-cific routes. Tailored accordingly, the routes uti-lise the closest possible airfields to reduce hassle and stress while saving time. The first route, con-necting Kuopio, Helsinki and Tallinn (Estonia), opens this spring with more to come.

Boeing engineers and designers have developed a self-cleaning lavatory prototype that uses ul-traviolet (UV) light to kill 99.99 percent of germs.

OTHER NEWS

• Delta Air Lines reported that system traffic for February 2016 increased 5.3% compared to the previous year, while system ca-pacity was up 6%. System load factor for the month was slightly down by 0.6 points to 79.9%

• WestJet announces February 2016 traffic results with a load factor of 83.2%, down 1.1 points

compared to February 2015. Traffic, increased 7.7% year over year, and capacity grew 9.2% over the same period.

• easyJet reported that February traffic was up 9.8% compared to the same month in 2015, while the load factor was slightly down by 0.4 points to 90.5%.

• International Airlines Group (IAG) traffic increased by 15.8% versus February 2015, while Group capacity rose by 14.0% year over year. The load factor for February 2016 was up 1.2 points to 77.4%.

• In February, Norwegian’s total passenger traffic increased by 20% and the total capacity in-

creased by 19%. The load factor for February was up 0.8 points, to 85.6% compared to February 2015.

• Ryanair’s February traffic grew 28% compared to the previous year and the load factor was up 4 points to 93% year over year.

PASSENGER STATISTICS - FEBRUARy

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‘What Does the Future Hold?’

Second Boeing, U.S. Air Force KC-46A tanker completes first flight

The Boeing test team successfully completed the first flight of the program’s second KC-46A tanker aircraft on March 3rd, taking off from Paine Field and landing later at Boeing Field in Seattle. During the flight, Boeing test pilots performed operational checks on engines, flight controls and environmental systems. The Boeing team now will conduct a post-flight inspection and calibrate instrumentation prior to the next series of flights. As part of the overall flight test program, the KC-46 will dem-onstrate it can refuel 18 different aircraft. The second tanker will help share the test load and receiver certification. Boeing was awarded a contract in 2011 to design and develop the U.S. Air Force’s next-generation tanker aircraft and is building four test aircraft – two are cur-rently configured as 767-2Cs and two as KC-46A tankers.

MILITARy AND DEFENCE

11

WEEKLY AVIATION HEADLINES

time at ATR, among other positions he had been Chief Financial Officer (2007-2010) and CEO’s Sales Finance Special Advisor (2010-2014). Before that, Giovanni had been responsible for ATR’s Department of Sales Financing. Since 2012, he had been CEO’s Sales Finance Advisor at Superjet In-ternational in Venice.

• AJW Aviation has recruited an experi-enced international finance expert, Thomas van de Wiel, in the role of Chief Financial Of-ficer to lead the finance and legal functions within the Company and support certain af-filiates and subsidiaries of the AJW Group. As a Board Director, he will be responsible for the formulation of the financial and operational strategy for the business, con-trolling finance, taxation, corporate govern-ance, forecasting and deal analysis.

• Wizz Air has appointed Sonia Jerez Bur-deus as the Group’s Chief Financial Officer and member of the company’s leadership team. Her appointment will take effect June 1, 2016. A graduate in Physics and En-gineering from the University of Barcelona and the University of Chicago with a Mas-ter of Business Administration, Ms. Jerez joins Wizz Air from Vueling Airlines S.A., a member of the International Consolidated Airlines Group S.A., where she has been the Chief Financial Officer and a Vueling board member since 2011.

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Click here for more aviation events

Recommended EventsThe cleaning system can disinfect all surfaces after every use in just three seconds. Boeing be-lieves this self-cleaning technology, combined with touchless features, will enhance the passen-ger experience on commercial flights. Click here to download b-roll of the lavatory. The lavatory uses Far UV light that would be activated only when the lavatory is unoccupied. Far UV is differ-ent from the UVA or UVB light in tanning beds, and is not harmful to people. Boeing engineers have shown through testing on their prototype that this innovation can minimize the growth and potential transmission of micro-organisms. Boeing has filed for a patent on this concept.

OTHER NEWS

• WESSCO Interna-tional has reported two key appoint-ments. Nick Bregman has been promoted as Chief Operating Officer (COO) and Nabil Kazi has been appointed as Chief Marketing Officer (CMO). In his new role as COO, Nick Bregman will continue forming strategic alliances and leveraging his lifelong relationships with trendsetters in the en-tertainment, skincare and fashion worlds to

enhance the passenger experience at every level. Nabil Kazi joins WESSCO after more than 20 years in the entertainment industry, having served both The Walt Disney Com-pany and 20th Century Fox as a marketing strategy and partnership senior executive. His vast experience in marketing strategy, brand partnerships and digital media will help navigate WESSCO into the future.

• The ATR Assembly of Members has appoint-ed Giovanni Trampa-rulo as ATR’s new Chief Financial Officer. On the scope of his new position, he will be in charge of Controlling, Accounting & Treasury,

Sales Financing, Credit & Risk Management and Internal Control. During his previous

INDUSTRy PEOPLE

Nabil Kazi

Giovanni Tramparulo

Nick Bregman

Operating Lease Masterclass 2016 March 14, 2016 – March 16, 2016 The California Club, Los Angeles. EASA & Continuing Airworthiness Seminar 2016 18th April 2016 Radisson Blu Hotel, Dublin Aircraft Records & Asset Management Seminar 2016 19th April 2016 Radisson Blu Hotel, Dublin Technical Aspects of a Leased Asset 2016 6th June 2016 NH Carlton Hotel, Amsterdam Maintnenance Reserves Training Seminar 2016 7th June 2016 NH Carlton Hotel, Amsterdam

THE AIRCRAFT AND ENGINE MARKETPLACE Page 1 of 4

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

A319-100 ORIX Aviation V2522-A5 2501 2005 Q3/2017 Lease James Sammon james.sammon@orix.ie +353 871381042

A320-200 ORIX Aviation V2527-A5 2680 2006 Q4/2017 Lease Oisin Riordan oisin.riordan@orix.ie +353 863 350 004

A320-200 ORIX Aviation V2522-A5 1183 2000 Q2/2017 Sale / Lease Oisin Riordan oisin.riordan@orix.ie +353 863 350 004

A320-200 ORIX Aviation V2527-A5 4603 2011 Q2/2017 Lease James Sammon James.Sammon@orix.ie +353 871 381 042

A320-233 FPG Amentum V2527-A5 3543 2008 Jun 2016 Sale / Lease Jack Hynes marketing@fpg-amentum.aero +353 16398125

A320-233 FPG Amentum V2527-A5 3524 2008 May 2016 Sale / Lease Jack Hynes marketing@fpg-amentum.aero +353 16398125

A330-223 FPG Amentum PW4168A 943 2008 Mar 2016 Sale / Lease Jack Hynes marketing@fpg-amentum.aero +353 16398125

Commercial Jet Aircraft

March 7, 2016

y g@ pg

A330-223 FPG Amentum PW4168A 962 2008 Mar 2016 Sale / Lease Jack Hynes marketing@fpg-amentum.aero +353 16398125

A330-223 FPG Amentum PW4168A 979 2009 Oct 2016 Sale / Lease Jack Hynes marketing@fpg-amentum.aero +353 16398125

A340-313 AerFin CFM56-5C4 142 1997 Now Sale Richard Rosser Richard.Rosser@aerfin.com +44 (0) 2921 676296

A340-313 AerFin CFM56-5C4 147 1997 Now Sale Richard Rosser Richard.Rosser@aerfin.com +44 (0) 2921 676296

B737-300 European Capital Corp. CFM56-3B2 24634 1990 Now ACMI/Wet Lease Iacovos Yiakoumi commercial@europeancapitalcorp.com +35722873250

B737-300 World Star Aviation Services CFM56-3C1 28873 Apr 2016 Lease Tommy Guttman tguttman@worldstaraviation.com +972-544-220000

B737-300F ORIX Aviation CFM56-3B2 24710 1990 Now Sale Cian Coakley cian.coakley@orix.ie +353 877760451

B737-400 World Star Aviation Services CFM56-3C1 24332 Q4/2016 Lease Tommy Guttman tguttman@worldstaraviation.com +972-544-220000

B737-400 Aersale CFM56-3C1 25417 Now Sale / Lease Craig Wright Craig.Wright@aersale.com +1 305 764 3238g g g g @

B737-400 Safair Operations Combi Now ACMI only C. Schoonderwoerd corneliss@safair.co.za +27 11 928 0000

B737-800 ORIX Aviation CFM56-7B26/3 29660 2007 Q4/2017 Lease Daniel Cunningham daniel.cunningham@orix.ie +353 871774524

B747-400 GA Telesis CF6-80C2B1F 28960 1998 Now Sale Stefanie Jung sjung@gatelesis.com +1 954-958-1321

B757-200 Castlelake RB211-535E4 23566 1986 Mar 2016 Sale Joe Giarritano joe.giarritano@castlelake.com +1 612 851 3032

B757-200 Castlelake RB211-535E4 23567 1986 Now Sale Joe Giarritano joe.giarritano@castlelake.com +1 612 851 3032

B757-200 Castlelake RB211-535E4 23568 1986 Apr 2016 Sale Joe Giarritano joe.giarritano@castlelake.com +1 612 851 3032

B757-200 mba aircraft solutions RB211-535E4B 24580 1990 Now Sale / Lease Jacob Agnew jagnew@mbaas.aero +1 703 276 3202

B757-222 Bristol Associates PW2037 25157 1991 Q1/2016 Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

B757-222 Bristol Associates PW2037 25322 1991 Q1/2016 Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

East Africa

B757-222 Bristol Associates PW2037 25396 1992 Q1/2016 Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

B757-222 Bristol Associates PW2037 25398 1992 Q1/2016 Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

B757-222 Bristol Associates PW2037 25698 1991 Q1/2016 Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

B767-200ER mba aircraft solutions JT9D-7R4E 23180 1984 Now Sale / Lease Jacob Agnew jagnew@mbaas.aero +1 703 276 3202

B767-27GER Aersale CF6-80C2B4F 27048 Now Sale / Lease Craig Wright Craig.Wright@aersale.com +1 305 764 3238

DC8 Aersale No engines 46094 1969 Now Sale Craig Wright Craig.Wright@aersale.com +1 305 764 3238

L100-30 Safair Operations Now ACMI only C. Schoonderwoerd corneliss@safair.co.za +27 11 928 0000

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

Regional Jet / Turboprop Aircraft

East Africa

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

ATR42-300 Regional One PW120 51 1987 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

ATR42-300 Regional One PW120 57 1987 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

ATR72-202 Regional One PW124B 307 1992 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

ATR72-500 Bristol Associates PW127M 950 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ATR72-500 Bristol Associates PW127M 951 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ATR72-500 Bristol Associates PW127M 952 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ATR72-500 Bristol Associates PW127M 980 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ATR72-500 Bristol Associates PW127M 983 Now Sale Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

CRJ200 Regional One CF34-3B1 7356 1990 Now Sale / Lease Chris Furlan cfurlan@regionalone com +1(305) 759-0670 Ext 164CRJ200 Regional One CF34-3B1 7356 1990 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

CRJ200 Regional One CF34-3B1 7392 2000 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

CRJ700 Regional One CF34-8C5B1 10217 2005 Apr 2016 Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

DASH8-102 Magellan Aviation Group PW121 113 1988 Now Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

DASH8-311 Regional One PW121 230 1990 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

DASH8-311 Magellan Aviation Group PW123 266 1991 Now Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

Dornier 328-300

Regional One PW306B 3145 2000 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

Dornier 328-300

Regional One PW306B 3185 2001 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

E170 Magellan Aviation Group CF34-8E5 59 2003 Now Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

March 7, 2016

May 18, 2015May 18, 2015April 20, 2015www.gatelesis.com

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THE AIRCRAFT AND ENGINE MARKETPLACE Page 2 of 4

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

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

ERJ-135LR Bristol Associates AE3007-A1 145410 2001 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-135LR Bristol Associates AE3007-A1 145413 2001 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-135LR Bristol Associates AE3007-A1 145504 2001 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ145EP Regional One AE3007A1/1 145053 1998 Now Sale / Lease Chris Furlan cfurlan@regionalone com +1(305) 759-0670 Ext 164

Regional Jet / Turboprop Aircraft (cont.)

March 7, 2016

ERJ145EP Regional One AE3007A1/1 145053 1998 Now Sale / Lease Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

ERJ-145LR Bristol Associates AE3007-A1/3 145208 1999 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-145LR Bristol Associates AE3007-A1/3 145239 2000 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

ERJ-145LR Bristol Associates AE3007-A1/3 145302 2000 Now Sale / Lease Ed McNair / Pete Seidlitz bristol@bristolassociates.com +1 202-682-4000

Contact Email Phone

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

Contact Email Phone

(1) AE3007A1 Now - Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

(1) AE3007 Now - Sale GA Telesis Stefanie Jung sjung@gatelesis.com +1 954-958-1321

Magellan Aviation Group

Multiple Types Sale / Lease

Commerical Engines

CompanyAE3007 Engines Sale / Lease

Company

Multiple Engines GE / CFM / RB211 Now - Sale / Lease GECAS Engine Leasing

(1) AE3007 Now Sale GA Telesis Stefanie Jung sjung@gatelesis.com 1 954 958 1321

Contact Email Phone

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

CF34-10E Now - Lease

CF34-8C Now - Lease

CF34-3B1 Now - Lease

CF34-3A Now - Sale / Lease

(2) CF34-8C5B1 Now - Sale / Lease Regional One Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

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

(1) CF34-10E5A1 Q2/2016 Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

CF34 Engines Sale / Lease Company

(1) CF34-8C5/B1 Now - Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

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

(1) CF34-8C5 Now - Lease Engine Lease Finance Joe Hussar joseph.hussar@elfc.com +1 617 828-3569

(1) CF34-10E6 Now - Lease David Desaulniers ddesaulniers@willislease.com +1 415 516 4837

Contact Email Phone

(1) CF6-80C2B1F Now - Sale / Lease AerSale. Inc. Alan Kehoe Alan.Kehoe@aersale.com +353 879 393 534

(1) CF6-80C2B6F Now - Sale / Lease Matthew White matthew.white@aersale.com +353 1475 3005

(1) CF6-80C2B7F Now - Sale / Lease Matthew White matthew.white@aersale.com +353 1475 3005

(1) CF6-80C2B6F Now - Sale/Lease/Exch. TES Aviation Group Bechan Carpenter Bechan.carpenter@tesaviation.com + 44 7795 636 034

(1) CF6-80C2B1F Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress com +1 305-520-2349

Willis Lease

Magellan Aviation Group

Company

GECAS Engine Leasing

CF6 Engines Sale / Lease

CF34-8E(s) Now - Sale / Lease

(1) CF6-80C2B1F Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

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

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

(1) CF6-80C2B1F AeroTurbine Elizabeth Peters epeters@aeroturbine.com +1 (214) 263-1173

(1) CF6-80C2B6F Now - Sale / Exchange or

(2) CF6-80C2B6F Now - Lease Andrew McCain amccain@aeroturbine.com +1 (786) 879-0830

(1) CF6-80C2B7F Now - Sale GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(2) CF6-80C2B7F Now - Lease Engine Lease Finance Joe Hussar joseph.hussar@elfc.com +1 (617)828-3569

Contact Email Phone

(2) CFM56-5C4 Now - Sale/Lease/Exch. TrueAero, LLC Ed Blyskal eblyskal@trueaero.com +1 305-525-7308

CFM56 Engines Sale / Lease Company

Now - Sale / Exchange

(1) CFM56-5C4/P Now - Sale/Lease/Exch.

(1) CFM56-3C1 Now - Sale European Capital Corporation Iacovos Yiakoumi commercial@europeancapitalcorp.com +35722873250

(1) CFM56-3B2

(1) CFM56-7B27 Now - Lease Engine Lease Finance Joe Hussar joseph.hussar@elfc.com +1 617 828-3569

(1) CFM56-5B1/P Now - Lease

(1) CFM56-5C4 Jun 16 - Sale / Lease Frank Rustmeier frank@royalaero.com +49 (0)8025 99360Royal Aero

March 7, 2016

GECASEngine Leasing

THE AIRCRAFT AND ENGINE MARKETPLACE Page 3 of 4

Contact Email Phone

(1) CFM56-5A1 Now - Sale / Lease GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(1) CFM56-5B Now - Sale / Lease Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(1) CFM56-7B27/3B1F Now - Sale/Lease/Exch. AerSale. Inc. Alan Kehoe Alan.Kehoe@aersale.com +353 879 393 534

(1) CFM56-5A1 Now - Sale/Lease/Exch.

(1) CFM56-5C3/F Now - Sale / Lease

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

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

(1) CFM56-5C4 Now - Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

Company

Magellan Aviation Group

Sale / Lease

GECAS Engine Leasing

CFM56 Engines

(2) CFM56-5A Now - Sale

Commerical Engines (cont.)

March 7, 2016

(1) CFM56-5C4 Now - Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

(1) CFM56-5C4 Now - Sale Orix Aviation James Sammon james.sammon@orix.ie +353 871381042

(1) CFM56-3C1 Now - Sale/Lease/Exch. TES Aviation Group Bechan Carpenter Bechan.carpenter@tesaviation.com + 44 7795 636 034

(2) CFM56-5C4 Now - Sale / Lease AerFin Richard Rosser Richard.Rosser@aerfin.com +44 (0) 2921 676296

(1) CFM56-7B22 Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

(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.

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

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

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

(2) CFM56-7B24/3 Now - Lease

Willis Lease(2) CFM56-7B24 (Non-TI) Now - Lease

Magellan Aviation Group

(2) CFM56 7B24/3 Now Lease

(3) CFM56-3C1 Now - Sale / Exchange AeroTurbine Elizabeth Peters epeters@aeroturbine.com +1 (214) 263-1173

(2) CFM56-5A1F Now - Lease or

(2) CFM56-3C1 Now - Lease Andrew McCain amccain@aeroturbine.com +1 (786) 879-0830

(1) CFM56-3B1 Now - Lease

(2) CFM56-3B2 Now - Sale / Exchange

(1) CFM56-7B22 Now - Sale / Exchange

(1) CFM56-7B Now - Lease

Contact Email Phone

GEnx-1B74/75 Now - Lease Willis Lease Ann Lee alee@willislease.com +1 (415) 408 4769

Contact Email Phone

GEnx Engines Sale / Lease Company

CompanySale / LeaseJT8D and JT9D Engines

(1) JT8D-200 Now - Sale GA Telesis Eddo Weijer eweijer@gatelesis.com +1-954-676-3111

(1) JT8D-9A Now - Sale Rising Sun Aviation Fred Van Acker f.vanacker@risingsunaviation.com +1 214-906-5635

(1) JT8D-17 Now - Sale

(1) JT9D-7R4D Now - Sale Aero Controls, Inc. Mike Olesik Mike.Olesik@aerocontrols.com +1-253-269-3012

(2) JT9D-7R4D Now - Sale / Lease Hartford Aviation Group Anique Gorman agorman@hartfordaviation.com +1 914-235-2014

Contact Email Phone

(1) PW121 (Dash 8) Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

(1) PW123B/D/E

(1) PW121 (ATR)

Now - Sale / Lease

y

Magellan Aviation Group

Company

(1) PW124B Now - Sale / Lease

PW Small Engines Sale / Lease

g

Now - Sale / Lease

Now - Sale / Lease

(1) PW127E/F/M

(1) PW150A

(2) 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) PW120A Now - Sale / Lease Regional One Chris Furlan cfurlan@regionalone.com +1(305) 759-0670 Ext.164

( ) S / / @ O ( )

Willis Lease

Now - Sale / Lease

Now - Sale / Lease

(1) PW120 Now - Sale/Lease/Exch. Miguel Bolivar mbolivar@RegionalOne.com +1 (786)-623-3936

(4) PW126 Now - Sale/Lease/Exch. Miguel Bolivar mbolivar@RegionalOne.com +1 (786)-623-3936

(1) PW121 Now - Sale/Lease/Exch. Miguel Bolivar mbolivar@RegionalOne.com +1 (786)-623-3936

(1) PW121 Now - Lease Frank Rustmeier frank@royalaero.com +49 (0)8025 99360

(3) PW123 Now - Sale / Lease Castlelake Neil McCrossan NEIL.MCCROSSAN@CASTLELAKE.COM +44 (0) 207 190 6119

PW127F Now - Sale/Lease/Exch. Logix.Aero JC Morin jcmorin@logix.aero +33 647 824 262

PW127M Now - Sale/Lease/Exch.

PW119B RGB Now - Lease Lufthansa Technik AERO Alzey Kai Ebach k.ebach@lhaero.com +49-6731-497-368

PW119B Now - Lease

PW120A Now - Lease

PW121 (ATR) Now Lease

Royal Aero

PW121 (ATR) Now - Lease

PW123B Now - Lease

PW124B Now - Lease

PW125B Now - Lease

PW127F Now - Lease

PW127M Now - Lease

PW150A Now - Lease

PW150 GRB Now - Lease

Contact Email Phone

(2) PW2037 Now - Sale / Lease Castlelake Neil McCrossan NEIL.MCCROSSAN@CASTLELAKE.COM +44 (0) 207 190 6119

(1) PW2037 N S l / L F t I t t G T M F l d A i ti @f t +1 305 520 2349

PW2000 Engines Sale / Lease Company

(1) PW2037 Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

(3) PW2037 Now - Sale / Exchange AeroTurbine Elizabeth Peters epeters@aeroturbine.com +1 (214) 263-1173

March 7, 2016

THE AIRCRAFT AND ENGINE MARKETPLACE Page 4 of 4

Contact Email Phone

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

(1) PW4056-3 Now - Sale / Lease Bill Polyi bill.polyi@magellangroup.net +1 (704) 504 9204 x202

(2) PW4056-3 Now - Sale / Exchange AeroTurbine Elizabeth Peters epeters@aeroturbine.com +1 (214) 263-1173

(1) PW4062 Now - Sale / Lease Frank Rustmeier frank@royalaero.com +49 (0)8025 99360

(1) PW4056-3 Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

(1) PW4062-3 Now - Lease Ann Lee alee@willislease.com +1 (415) 408 4769

(1) PW4168A Now - Lease

( ) / / S / f G G @ f

Royal Aero

Willis Lease

Magellan Aviation Group

PW4000 Engines CompanySale / Lease

Commerical Engines (cont.)

March 7, 2016

(3) PW4056/60/62 Now - Sale / Lease Hartford Aviation Group Anique Gorman agorman@hartfordaviation.com +1 914-235-2014

(1) PW4060-3 Now - Sale / Lease AerSale. Inc. Matthew White matthew.white@aersale.com +353 1475 3005

(1) PW4158-3 Now - Sale / Lease Matthew White matthew.white@aersale.com +353 1475 3005

(1) PW4062-3 Now - Sale / Lease Matthew White matthew.white@aersale.com +353 1475 3005

(1) PW4056-3 Now - Sale / Lease Alan Kehoe Alan.Kehoe@aersale.com +353 879 393 534

(1) PW4168 Now - Lease TES Aviation Group Bechan Carpenter Bechan.carpenter@tesaviation.com + 44 7795 636 034

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

Contact Email Phone

(1) RB211-535E4B Now - Sale mba aircraft solutions Jacob Agnew jagnew@mbaas.aero +1 703 276 3202

(2) RB211-535E4 Now - Sale / Lease Castlelake Neil McCrossan NEIL.MCCROSSAN@CASTLELAKE.COM +44 (0) 207 190 6119

CompanyRB211 Engines Sale / Lease

(2) RB211-535E4 Now - Sale / Lease Castlelake Neil McCrossan NEIL.MCCROSSAN@CASTLELAKE.COM +44 (0) 207 190 6119

(1) RB211-535E4 Now - Sale / Lease AerSale. Inc. Matthew White matthew.white@aersale.com +353 1475 3005

(1) RB211-524 Now - Sale / Lease

(2) RB211-535E4 Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

(1) RB211-535E4 /12B Now - Sale/Lease/Exch. TES Aviation Group Bechan Carpenter Bechan.carpenter@tesaviation.com + 44 7795 636 034

(1) RB211-535E4 Now - Sale World Star Aviation Services Sean O Connor Soconnor@worldstaraviation.com +1 415-956-9456

Contact Email Phone

Tay650-15 Now - Sale / Lease Jetran, LLC. Leo Nadeau lnadeau@jetran.aero +1 (512) 294-6727

Contact Email Phone

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

Sale / LeaseTay Engines

Sale / LeaseTrent Engines

Company

Company

(2) Trent892B-17 Sep/Oct 16 - Sale / Lease Castlelake Neil McCrossan NEIL.MCCROSSAN@CASTLELAKE.COM +44 (0) 207 190 6119

(1) Trent 800 Now - Sale / Lease AerSale. Inc. Matthew White matthew.white@aersale.com +353 1475 3005

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) V2527-A5 Now - Sale/Lease/Exch. AeroTurbine Elizabeth Peters epeters@aeroturbine.com +1 (214) 263-1173

(2) V2533-A5 Now - Sale/Lease/Exch. or Andrew McCain amccain@aeroturbine.com +1 (786) 879-0830

1) V2533-A5 w/QEC Now - Sale/Lease/Exch. Rolls-Royce & Partners Finance Bobby Janagan bobby.janagan@rolls-royce.com +44 20 7227 9078

(1) V2527-A5 w/QEC Now - Sale/Lease/Exch.

(1) V2527 A5 Now Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress com +1 305 520 2349

V2500 Engines Sale / Lease Company

(1) V2527-A5 Now - Sale / Lease Fortress Investment Group Tom McFarland Aviation@fortress.com +1 305-520-2349

(1) V2500-A1 Now - Sale / Lease Rising Sun Aviation Fred Van Acker f.vanacker@risingsunaviation.com +1 214-906-5635

(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

(5) A340 fresh part outs Now - Sale TrueAero, LLC Raul Miro/Dave Walters sales@trueaero.com +1 772-925-8026

A320 Landing Gear with Fresh Tags Now - Sale

A340 Landing Gear Now - Sale

Aircraft and Engine Parts, Components and Misc. EquipmentCompany

g

CTCP331-350C (4) PN 3800454-6 Now - Sale

GTCP36-300A, PN 3800278-4 Now - Sale

(1) GTCP36-150RJ, (2) GTCP36-100M, Now - Sale/Lease/Exch. Regional One Miguel Bolivar mbolivar@RegionalOne.com +1 (786)-623-3936

(1) APS500C7B, (5) APS500C7D, (1) RE220RJ,

(2) TPE331-11U-612G

GTCP131-9A (2), GTCP131-9B(2) Now - Lease REVIMA APU Olivier Hy olivier.hy@revima-apu.com +33(0)235563515

GTCP331-200, GTCP331-250 Now - Lease

APS500C14(3), APS1000C12(2), APS2000 Now - Lease

APS2300, APS3200(2), APS5000(2) Now - Lease

N S l / LPW901A(4), PW901C(2) Now - Sale / Lease

TSCP700-4E Now - Sale

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

APU131-9B, APU 331-500B Now - Sale/Lease/Exch. Logix.Aero JC Morin jcmorin@logix.aero +33 647 824 262

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

Now - Sale / Lease

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

PW901A, PW901C Now - Lease Lufthansa Technik AERO Alzey Kai Ebach k.ebach@lhaero.com +49-6731-497-368

(1) CF34-8C - LPT Module Now - Sale

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

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

GTCP131-9A, GTCP 131-9B

GTCP36-300A

APU GTCP 331-500B

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

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

March 7, 2016