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<br /> ISSUE TWENTY MAY/JUNE 2014<br /> THE LEADING GLOBAL PUBLICATION FOR OPERATORS OF AND INVESTORS IN AIRCRAFT AND ENGINES<br /> Business class airlines: fortune or folly?<br /> Get connected: leveraging big data<br /> Back of the net: Interview with LATAM<br /> www.aviationnews-online.com<br /> So quiet you might wonder<br /> is this thing on?<br /> The PurePower® Geared Turbofan™ engine is by design the quietest in its class. We reduced the<br /> noise footprint by 75%, or as much as 20 decibels below today’s strictest standards. Where jets are concerned,<br /> that’s practically a whisper. But the message? Loud and clear: lower noise fees, access to more airports, happier<br /> airport neighbors, shorter flight tracks and extended curfew operation. Simply a better, quieter engine at its core.<br /> (But you didn’t hear that from us.) Learn<a title="Issue 20 May/June page 1" href="http://viewer.zmags.co.uk/publication/6dce1166?page=1"> ISSUE TWENTY </a> <a title="Issue 20 May/June page 2" href="http://viewer.zmags.co.uk/publication/6dce1166?page=2"> So quiet you might wonder is th</a> <a title="Issue 20 May/June page 3" href="http://viewer.zmags.co.uk/publication/6dce1166?page=3"> EDITOR’S LETTER READY, STEADY, GO VOLUME FO</a> <a title="Issue 20 May/June page 4" href="http://viewer.zmags.co.uk/publication/6dce1166?page=4"> CONT E NTS 1 4 30 32 36 Editors Letter</a> <a title="Issue 20 May/June page 5" href="http://viewer.zmags.co.uk/publication/6dce1166?page=5"> </a> <a title="Issue 20 May/June page 6" href="http://viewer.zmags.co.uk/publication/6dce1166?page=6"> NEWS New Islamic aircraft leasing fund Airbus </a> <a title="Issue 20 May/June page 7" href="http://viewer.zmags.co.uk/publication/6dce1166?page=7"> KEEP YOUR FLEET UP IN THE AIR. NOT YOUR</a> <a title="Issue 20 May/June page 8" href="http://viewer.zmags.co.uk/publication/6dce1166?page=8"> NEWS Ryanair’s bond soars Ryanair closed its e</a> <a title="Issue 20 May/June page 9" href="http://viewer.zmags.co.uk/publication/6dce1166?page=9"> getmore The Q400 NextGen gives airlines </a> <a title="Issue 20 May/June page 10" href="http://viewer.zmags.co.uk/publication/6dce1166?page=10"> NEWS Emirates cancels A350 launch order On Ju</a> <a title="Issue 20 May/June page 11" href="http://viewer.zmags.co.uk/publication/6dce1166?page=11"> Candid MONARCH AIRCRAFT ENGINEERING TRAINING ACAD</a> <a title="Issue 20 May/June page 12" href="http://viewer.zmags.co.uk/publication/6dce1166?page=12"> NEWS Ex-Im Bank fights for survival Funding fo</a> <a title="Issue 20 May/June page 13" href="http://viewer.zmags.co.uk/publication/6dce1166?page=13"> Better, Faster, stronger World Class </a> <a title="Issue 20 May/June page 14" href="http://viewer.zmags.co.uk/publication/6dce1166?page=14"> NEWS China Eastern’s bumper 737 order China Eas</a> <a title="Issue 20 May/June page 15" href="http://viewer.zmags.co.uk/publication/6dce1166?page=15"> A full suite of turn-key solutions tailored to yo</a> <a title="Issue 20 May/June page 16" href="http://viewer.zmags.co.uk/publication/6dce1166?page=16"> NEWS ELFC becomes part of MUL OnMay12itwasannou</a> <a title="Issue 20 May/June page 17" href="http://viewer.zmags.co.uk/publication/6dce1166?page=17"> Aset Management • • • • Remarketing Services </a> <a title="Issue 20 May/June page 18" href="http://viewer.zmags.co.uk/publication/6dce1166?page=18"> NEWS Willis Lease extends revolver; announces C</a> <a title="Issue 20 May/June page 19" href="http://viewer.zmags.co.uk/publication/6dce1166?page=19"> When financing aircraft internationally, you need</a> <a title="Issue 20 May/June page 20" href="http://viewer.zmags.co.uk/publication/6dce1166?page=20"> NEWS Norwegian hits out at US critics Celebrati</a> <a title="Issue 20 May/June page 21" href="http://viewer.zmags.co.uk/publication/6dce1166?page=21"> Transform the worth of your inventory You’re look</a> <a title="Issue 20 May/June page 22" href="http://viewer.zmags.co.uk/publication/6dce1166?page=22"> NEWS Airlines brace for more comp</a> <a title="Issue 20 May/June page 23" href="http://viewer.zmags.co.uk/publication/6dce1166?page=23"> to technical faults with the aircraft will now ne</a> <a title="Issue 20 May/June page 24" href="http://viewer.zmags.co.uk/publication/6dce1166?page=24"> NEWS BOC Aviation raises $300m BOC Aviation p</a> <a title="Issue 20 May/June page 25" href="http://viewer.zmags.co.uk/publication/6dce1166?page=25"> </a> <a title="Issue 20 May/June page 26" href="http://viewer.zmags.co.uk/publication/6dce1166?page=26"> NEWS Aerospace insurance premiums continue to f</a> <a title="Issue 20 May/June page 27" href="http://viewer.zmags.co.uk/publication/6dce1166?page=27"> NEWS AirAsia returns to Japan AirAsia has annou</a> <a title="Issue 20 May/June page 28" href="http://viewer.zmags.co.uk/publication/6dce1166?page=28"> NEWS Air India joins Star Alliance Air India </a> <a title="Issue 20 May/June page 29" href="http://viewer.zmags.co.uk/publication/6dce1166?page=29"> NEWS Fastjet sells Fly540 Kenya African low-cos</a> <a title="Issue 20 May/June page 30" href="http://viewer.zmags.co.uk/publication/6dce1166?page=30"> NEWS Alitalia-Etihad deal confirmed </a> <a title="Issue 20 May/June page 31" href="http://viewer.zmags.co.uk/publication/6dce1166?page=31"> NEWS Moody’s stable outlook for lessors In a re</a> <a title="Issue 20 May/June page 32" href="http://viewer.zmags.co.uk/publication/6dce1166?page=32"> FATCA FATCA and aviation groups Kevin Cohen, Pa</a> <a title="Issue 20 May/June page 33" href="http://viewer.zmags.co.uk/publication/6dce1166?page=33"> Experience KPMG is a leading provider of cros</a> <a title="Issue 20 May/June page 34" href="http://viewer.zmags.co.uk/publication/6dce1166?page=34"> Back of the net With the World Cup in full swing,</a> <a title="Issue 20 May/June page 35" href="http://viewer.zmags.co.uk/publication/6dce1166?page=35"> Brazil. However this event also presents an oppo</a> <a title="Issue 20 May/June page 36" href="http://viewer.zmags.co.uk/publication/6dce1166?page=36"> LATAM better market </a> <a title="Issue 20 May/June page 37" href="http://viewer.zmags.co.uk/publication/6dce1166?page=37"> confirms Osorio. In common with some of its pe</a> <a title="Issue 20 May/June page 38" href="http://viewer.zmags.co.uk/publication/6dce1166?page=38"> Risky business Two start-up airlines are seeking </a> <a title="Issue 20 May/June page 39" href="http://viewer.zmags.co.uk/publication/6dce1166?page=39"> but CEO Adam Scott has confirmed to Airline Econom</a> <a title="Issue 20 May/June page 40" href="http://viewer.zmags.co.uk/publication/6dce1166?page=40"> BUSINESS CLASS START-UPS Within Europe </a> <a title="Issue 20 May/June page 41" href="http://viewer.zmags.co.uk/publication/6dce1166?page=41"> he says. “[The use of crowdfunding] was to 1) dev</a> <a title="Issue 20 May/June page 42" href="http://viewer.zmags.co.uk/publication/6dce1166?page=42"> Minted JetBlue has entered the US transcontinenta</a> <a title="Issue 20 May/June page 43" href="http://viewer.zmags.co.uk/publication/6dce1166?page=43"> well as LiveTV at every seat on a15-inch flat scre</a> <a title="Issue 20 May/June page 44" href="http://viewer.zmags.co.uk/publication/6dce1166?page=44"> JETBLUE MINT wa</a> <a title="Issue 20 May/June page 45" href="http://viewer.zmags.co.uk/publication/6dce1166?page=45"> thanks to cheaper fuel and maintenance costs. Ho</a> <a title="Issue 20 May/June page 46" href="http://viewer.zmags.co.uk/publication/6dce1166?page=46"> Get connected The very goal of airlines is to pro</a> <a title="Issue 20 May/June page 47" href="http://viewer.zmags.co.uk/publication/6dce1166?page=47"> and cause delays or cancellations; while the ma</a> <a title="Issue 20 May/June page 48" href="http://viewer.zmags.co.uk/publication/6dce1166?page=48"> DATA MANAGEMENT and drive additional revenue. T</a> <a title="Issue 20 May/June page 49" href="http://viewer.zmags.co.uk/publication/6dce1166?page=49"> airline could make cost savings from a conservati</a> <a title="Issue 20 May/June page 50" href="http://viewer.zmags.co.uk/publication/6dce1166?page=50"> also for the airframe. The newer aircraft platfor</a> <a title="Issue 20 May/June page 51" href="http://viewer.zmags.co.uk/publication/6dce1166?page=51"> Snow closed Heathrow airport in January 2013 Phot</a> <a title="Issue 20 May/June page 52" href="http://viewer.zmags.co.uk/publication/6dce1166?page=52"> Re-awakening American Much has been written abou</a> <a title="Issue 20 May/June page 53" href="http://viewer.zmags.co.uk/publication/6dce1166?page=53"> advisors – Debevoise & Plimpton, Kelly Hart & Hal</a> <a title="Issue 20 May/June page 54" href="http://viewer.zmags.co.uk/publication/6dce1166?page=54"> ANALYSIS: AMERICAN AIRLINES RESTRUCTURING whate</a> <a title="Issue 20 May/June page 55" href="http://viewer.zmags.co.uk/publication/6dce1166?page=55"> ANALYSIS: AMERICAN AIRLINES RESTRUCTURING Airli</a> <a title="Issue 20 May/June page 56" href="http://viewer.zmags.co.uk/publication/6dce1166?page=56"> ANALYSIS: AMERICAN AIRLINES RESTRUCTURING </a> <a title="Issue 20 May/June page 57" href="http://viewer.zmags.co.uk/publication/6dce1166?page=57"> ANALYSIS: AMERICAN AIRLINES RESTRUCTURING </a> <a title="Issue 20 May/June page 58" href="http://viewer.zmags.co.uk/publication/6dce1166?page=58"> AVATAR AIRLINES Start yo</a> <a title="Issue 20 May/June page 59" href="http://viewer.zmags.co.uk/publication/6dce1166?page=59"> to fly it domestically and we will show the world </a> <a title="Issue 20 May/June page 60" href="http://viewer.zmags.co.uk/publication/6dce1166?page=60"> AVATAR AIRLINES Ba</a> <a title="Issue 20 May/June page 61" href="http://viewer.zmags.co.uk/publication/6dce1166?page=61"> Marvin Ruthenberg, president & chief operating of</a> <a title="Issue 20 May/June page 62" href="http://viewer.zmags.co.uk/publication/6dce1166?page=62"> AVATAR AIRLINES Mi</a> <a title="Issue 20 May/June page 63" href="http://viewer.zmags.co.uk/publication/6dce1166?page=63"> AVATAR AIRLINES Avatar Airlines personnel Barry M</a> <a title="Issue 20 May/June page 64" href="http://viewer.zmags.co.uk/publication/6dce1166?page=64"> CARGO REGULATION Talking freight What does th</a> <a title="Issue 20 May/June page 65" href="http://viewer.zmags.co.uk/publication/6dce1166?page=65"> HOW DO CARRIERS ACHIEVE ACCREDITATION</a> <a title="Issue 20 May/June page 66" href="http://viewer.zmags.co.uk/publication/6dce1166?page=66"> CARGO REGULATION </a> <a title="Issue 20 May/June page 67" href="http://viewer.zmags.co.uk/publication/6dce1166?page=67"> EUROPE 21–23 September 2014 • Hilton Istanbul • I</a> <a title="Issue 20 May/June page 68" href="http://viewer.zmags.co.uk/publication/6dce1166?page=68"> Cost control Airline Economics analyses first qua</a> <a title="Issue 20 May/June page 69" href="http://viewer.zmags.co.uk/publication/6dce1166?page=69"> US AIRLINES matters for the US majors are </a> <a title="Issue 20 May/June page 70" href="http://viewer.zmags.co.uk/publication/6dce1166?page=70"> US AIRLINES QUARTERLY US SCHEDULED SERVICE PASS</a> <a title="Issue 20 May/June page 71" href="http://viewer.zmags.co.uk/publication/6dce1166?page=71"> US AIRLINES risk for Spirit. Spirit has been ad</a> <a title="Issue 20 May/June page 72" href="http://viewer.zmags.co.uk/publication/6dce1166?page=72"> US AIRLINES NET INCOME (WHITE) VS REVENUE (RED)</a> <a title="Issue 20 May/June page 73" href="http://viewer.zmags.co.uk/publication/6dce1166?page=73"> Classic Plus, the latter giving the ticket holder</a> <a title="Issue 20 May/June page 74" href="http://viewer.zmags.co.uk/publication/6dce1166?page=74"> Buried treasure Frequent Flyer Programs: An airli</a> <a title="Issue 20 May/June page 75" href="http://viewer.zmags.co.uk/publication/6dce1166?page=75"> party sales. Typically, FFP Rewards (which ref</a> <a title="Issue 20 May/June page 76" href="http://viewer.zmags.co.uk/publication/6dce1166?page=76"> FREQUENT FLIER PROGRAMS credits into two compon</a> <a title="Issue 20 May/June page 77" href="http://viewer.zmags.co.uk/publication/6dce1166?page=77"> GROWTH FRONTIERS DUBLIN 2015 18th-20th January 20</a> <a title="Issue 20 May/June page 78" href="http://viewer.zmags.co.uk/publication/6dce1166?page=78"> Asia-Pacific MRO focus Maintenance, repair and ov</a> <a title="Issue 20 May/June page 79" href="http://viewer.zmags.co.uk/publication/6dce1166?page=79"> MRO ASIA PACIFIC MRO GROWTH FORECAST 2014-2023 </a> <a title="Issue 20 May/June page 80" href="http://viewer.zmags.co.uk/publication/6dce1166?page=80"> MRO ASIA PACIFIC a significant new MRO playe</a> <a title="Issue 20 May/June page 81" href="http://viewer.zmags.co.uk/publication/6dce1166?page=81"> </a> <a title="Issue 20 May/June page 82" href="http://viewer.zmags.co.uk/publication/6dce1166?page=82"> MRO ASIA PACIFIC </a> <a title="Issue 20 May/June page 83" href="http://viewer.zmags.co.uk/publication/6dce1166?page=83"> FLEET MANAGEMENT EXPERTISE W W W. S I A E C</a> <a title="Issue 20 May/June page 84" href="http://viewer.zmags.co.uk/publication/6dce1166?page=84"> MRO ASIA PACIFIC growth i</a> <a title="Issue 20 May/June page 85" href="http://viewer.zmags.co.uk/publication/6dce1166?page=85"> </a> <a title="Issue 20 May/June page 86" href="http://viewer.zmags.co.uk/publication/6dce1166?page=86"> MRO ASIA PACIFIC </a> <a title="Issue 20 May/June page 87" href="http://viewer.zmags.co.uk/publication/6dce1166?page=87"> lower MRO costs. As reported in Airline Economics</a> <a title="Issue 20 May/June page 88" href="http://viewer.zmags.co.uk/publication/6dce1166?page=88"> Lessors and the MRO cycle Aircraft and engine les</a> <a title="Issue 20 May/June page 89" href="http://viewer.zmags.co.uk/publication/6dce1166?page=89"> of the way down that road. This “Brave New W</a> <a title="Issue 20 May/June page 90" href="http://viewer.zmags.co.uk/publication/6dce1166?page=90"> LESSOR AND MROS out to be unrealistic because o</a> <a title="Issue 20 May/June page 91" href="http://viewer.zmags.co.uk/publication/6dce1166?page=91"> “The A320Neo PW1000G powerplant will be a key dri</a> <a title="Issue 20 May/June page 92" href="http://viewer.zmags.co.uk/publication/6dce1166?page=92"> DELIVERIES NEW AIRCRAFT DELIVERIES - MAY & JUNE </a> <a title="Issue 20 May/June page 93" href="http://viewer.zmags.co.uk/publication/6dce1166?page=93"> DELIVERIES 33127 777 300ER AMERICA</a> <a title="Issue 20 May/June page 94" href="http://viewer.zmags.co.uk/publication/6dce1166?page=94"> DELIVERIES MSN Type Model Lessor / </a> <a title="Issue 20 May/June page 95" href="http://viewer.zmags.co.uk/publication/6dce1166?page=95"> DELIVERIES 41318 737 800 AIR LEASE</a> <a title="Issue 20 May/June page 96" href="http://viewer.zmags.co.uk/publication/6dce1166?page=96"> H1 AVIATION FINANCE MARKET BREAKDOWN FINANCE DEA</a> <a title="Issue 20 May/June page 97" href="http://viewer.zmags.co.uk/publication/6dce1166?page=97"> ORDERS/FUEL 300 250 200 150 100 50 0 </a> <a title="Issue 20 May/June page 98" href="http://viewer.zmags.co.uk/publication/6dce1166?page=98"> DATA COMMERCIAL AIRCRAFT CMVS AND LEASE RATES -</a> <a title="Issue 20 May/June page 99" href="http://viewer.zmags.co.uk/publication/6dce1166?page=99"> GROWTH FRONTIERS HONG KONG 2014 3rd-5th November </a> <a title="Issue 20 May/June page 100" href="http://viewer.zmags.co.uk/publication/6dce1166?page=100"> It's not just about access to a new airplane. It'</a>