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<br /> ISSUE NINETEEN MARCH/APRIL 2014<br /> THE LEADING GLOBAL PUBLICATION FOR OPERATORS OF AND INVESTORS IN AIRCRAFT AND ENGINES<br /> The undiscovered prize<br /> Using larger aircraft with more seats on popular routes<br /> equals more profit for airlines, so why so few A380 orders?<br /> Going public<br /> Aircraft lessors consider IPOs as equity markets improve<br /> but do the benefits outweigh the potential pitfalls?<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 /> <a title="Issue 19 March/April page 1" href="http://viewer.zmags.co.uk/publication/e4fed939?page=1"> ISSUE NINETEEN </a> <a title="Issue 19 March/April page 2" href="http://viewer.zmags.co.uk/publication/e4fed939?page=2"> So quiet you might wonder is t</a> <a title="Issue 19 March/April page 3" href="http://viewer.zmags.co.uk/publication/e4fed939?page=3"> EDITOR’S LETTER MOVING MARKETS VOLUME FOUR, </a> <a title="Issue 19 March/April page 4" href="http://viewer.zmags.co.uk/publication/e4fed939?page=4"> CONTENTS 4 News 30 Top s</a> <a title="Issue 19 March/April page 5" href="http://viewer.zmags.co.uk/publication/e4fed939?page=5"> </a> <a title="Issue 19 March/April page 6" href="http://viewer.zmags.co.uk/publication/e4fed939?page=6"> NEWS Ryanair becomes the highest rated airline </a> <a title="Issue 19 March/April page 7" href="http://viewer.zmags.co.uk/publication/e4fed939?page=7"> RESULTS SPEAK CRJ NEXTGEN DELIVERS THE INDUSTRY'</a> <a title="Issue 19 March/April page 8" href="http://viewer.zmags.co.uk/publication/e4fed939?page=8"> NEWS Industry considers the A330Neo The aviati</a> <a title="Issue 19 March/April page 9" href="http://viewer.zmags.co.uk/publication/e4fed939?page=9"> Aset Management • • • • Remarketing Services </a> <a title="Issue 19 March/April page 10" href="http://viewer.zmags.co.uk/publication/e4fed939?page=10"> NEWS KEEP YOUR FLEET UP IN THE AIR. </a> <a title="Issue 19 March/April page 11" href="http://viewer.zmags.co.uk/publication/e4fed939?page=11"> GROWTH FRONTIERS HONG KONG 2014 3rd-5th November </a> <a title="Issue 19 March/April page 12" href="http://viewer.zmags.co.uk/publication/e4fed939?page=12"> PEOPLE NEWS Ex-Im Bank’s Morin promoted Bob Mor</a> <a title="Issue 19 March/April page 13" href="http://viewer.zmags.co.uk/publication/e4fed939?page=13"> Experience KPMG is a leading provider of cros</a> <a title="Issue 19 March/April page 14" href="http://viewer.zmags.co.uk/publication/e4fed939?page=14"> NEWS Air Canada prices upsized notes offering Ai</a> <a title="Issue 19 March/April page 15" href="http://viewer.zmags.co.uk/publication/e4fed939?page=15"> Better, Faster, stronger World Class </a> <a title="Issue 19 March/April page 16" href="http://viewer.zmags.co.uk/publication/e4fed939?page=16"> NEWS EU ETS to apply in full after 2016 Europea</a> <a title="Issue 19 March/April page 17" href="http://viewer.zmags.co.uk/publication/e4fed939?page=17"> A full suite of turn-key solutions tailored to yo</a> <a title="Issue 19 March/April page 18" href="http://viewer.zmags.co.uk/publication/e4fed939?page=18"> NEWS Tigerair to order up to 50 A320neo </a> <a title="Issue 19 March/April page 19" href="http://viewer.zmags.co.uk/publication/e4fed939?page=19"> Finnair completes A330 sale and leaseback On 17 D</a> <a title="Issue 19 March/April page 20" href="http://viewer.zmags.co.uk/publication/e4fed939?page=20"> The undiscovered prize The A380 can be the ultima</a> <a title="Issue 19 March/April page 21" href="http://viewer.zmags.co.uk/publication/e4fed939?page=21"> of Amedeo. “Restrain capacity, spill passenge</a> <a title="Issue 19 March/April page 22" href="http://viewer.zmags.co.uk/publication/e4fed939?page=22"> A380 ECONOMICS </a> <a title="Issue 19 March/April page 23" href="http://viewer.zmags.co.uk/publication/e4fed939?page=23"> GROWTH FRONTIERS DUBLIN 2015 18th-20th January 20</a> <a title="Issue 19 March/April page 24" href="http://viewer.zmags.co.uk/publication/e4fed939?page=24"> A380 ECONOMICS Premium Economy enhances airline </a> <a title="Issue 19 March/April page 25" href="http://viewer.zmags.co.uk/publication/e4fed939?page=25"> at plus 10% growth per annum and are high yieldin</a> <a title="Issue 19 March/April page 26" href="http://viewer.zmags.co.uk/publication/e4fed939?page=26"> A380 ECONOMICS competition from Chinese and Mid</a> <a title="Issue 19 March/April page 27" href="http://viewer.zmags.co.uk/publication/e4fed939?page=27"> A380 ECONOMICS A380-800 - 2010 VINTAGE STATS En</a> <a title="Issue 19 March/April page 28" href="http://viewer.zmags.co.uk/publication/e4fed939?page=28"> ‘Things can only get better …’ Following on from </a> <a title="Issue 19 March/April page 29" href="http://viewer.zmags.co.uk/publication/e4fed939?page=29"> delivered to operators doubled from 259 to 501 an</a> <a title="Issue 19 March/April page 30" href="http://viewer.zmags.co.uk/publication/e4fed939?page=30"> ENGINE LEASING companies may find themselves in </a> <a title="Issue 19 March/April page 31" href="http://viewer.zmags.co.uk/publication/e4fed939?page=31"> resolved its minor difficulties on the </a> <a title="Issue 19 March/April page 32" href="http://viewer.zmags.co.uk/publication/e4fed939?page=32"> Power plays Dramatic changes in the engine afterm</a> <a title="Issue 19 March/April page 33" href="http://viewer.zmags.co.uk/publication/e4fed939?page=33"> ENGINE MAINTENANCE O ver the past 30-</a> <a title="Issue 19 March/April page 34" href="http://viewer.zmags.co.uk/publication/e4fed939?page=34"> ENGINE MAINTENANCE 120 100 80 60 40 20 </a> <a title="Issue 19 March/April page 35" href="http://viewer.zmags.co.uk/publication/e4fed939?page=35"> 0 2 4 6 8 </a> <a title="Issue 19 March/April page 36" href="http://viewer.zmags.co.uk/publication/e4fed939?page=36"> ENGINE MAINTENANCE o</a> <a title="Issue 19 March/April page 37" href="http://viewer.zmags.co.uk/publication/e4fed939?page=37"> and provides an excellent level of service and su</a> <a title="Issue 19 March/April page 38" href="http://viewer.zmags.co.uk/publication/e4fed939?page=38"> ENGINE MAINTENANCE 120 100 1/2 Life Base Val</a> <a title="Issue 19 March/April page 39" href="http://viewer.zmags.co.uk/publication/e4fed939?page=39"> rate seems to be at a competitive level compared </a> <a title="Issue 19 March/April page 40" href="http://viewer.zmags.co.uk/publication/e4fed939?page=40"> Residual Value Guarantees By Bryson Monteleone, M</a> <a title="Issue 19 March/April page 41" href="http://viewer.zmags.co.uk/publication/e4fed939?page=41"> REGIONAL AIRCRAFT MARKET 180 160 140 120 1</a> <a title="Issue 19 March/April page 42" href="http://viewer.zmags.co.uk/publication/e4fed939?page=42"> REGIONAL AIRCRAFT MARKET </a> <a title="Issue 19 March/April page 43" href="http://viewer.zmags.co.uk/publication/e4fed939?page=43"> REGIONAL AIRCRAFT MARKET that power the ERJ is </a> <a title="Issue 19 March/April page 44" href="http://viewer.zmags.co.uk/publication/e4fed939?page=44"> Going public As equity markets continue to improv</a> <a title="Issue 19 March/April page 45" href="http://viewer.zmags.co.uk/publication/e4fed939?page=45"> Why the sudden interest from aircraft less</a> <a title="Issue 19 March/April page 46" href="http://viewer.zmags.co.uk/publication/e4fed939?page=46"> LESSOR IPO 45 40 35 30 25 20 15 10 5 0 Sh</a> <a title="Issue 19 March/April page 47" href="http://viewer.zmags.co.uk/publication/e4fed939?page=47"> reasons are unconvincing for aircraft lessors see</a> <a title="Issue 19 March/April page 48" href="http://viewer.zmags.co.uk/publication/e4fed939?page=48"> Converting the A340 The case for an innovative A3</a> <a title="Issue 19 March/April page 49" href="http://viewer.zmags.co.uk/publication/e4fed939?page=49"> REVITALISING THE A340 would make the aircraft a</a> <a title="Issue 19 March/April page 50" href="http://viewer.zmags.co.uk/publication/e4fed939?page=50"> REVITALISING THE A340 PAYLOAD COST PER TONNE Th</a> <a title="Issue 19 March/April page 51" href="http://viewer.zmags.co.uk/publication/e4fed939?page=51"> REVITALISING THE A340 COMPARISON OF FREIGHTER T</a> <a title="Issue 19 March/April page 52" href="http://viewer.zmags.co.uk/publication/e4fed939?page=52"> REVITALISING THE A340 LCF CONVERSION OPTIONS </a> <a title="Issue 19 March/April page 53" href="http://viewer.zmags.co.uk/publication/e4fed939?page=53"> REVITALISING THE A340 A340-300 & A340-600 PAYLO</a> <a title="Issue 19 March/April page 54" href="http://viewer.zmags.co.uk/publication/e4fed939?page=54"> MRO </a> <a title="Issue 19 March/April page 55" href="http://viewer.zmags.co.uk/publication/e4fed939?page=55"> MRO The highest MRO growth rates</a> <a title="Issue 19 March/April page 56" href="http://viewer.zmags.co.uk/publication/e4fed939?page=56"> MRO dominant players in the air transport aircr</a> <a title="Issue 19 March/April page 57" href="http://viewer.zmags.co.uk/publication/e4fed939?page=57"> KEEP YOUR FLEET UP IN THE AIR. NOT YOUR</a> <a title="Issue 19 March/April page 58" href="http://viewer.zmags.co.uk/publication/e4fed939?page=58"> MRO IMPLICATIONS FOR NORTH AMERICAN MROS T</a> <a title="Issue 19 March/April page 59" href="http://viewer.zmags.co.uk/publication/e4fed939?page=59"> operators though, TeamSAI estimates that independ</a> <a title="Issue 19 March/April page 60" href="http://viewer.zmags.co.uk/publication/e4fed939?page=60"> MRO FORECAST BY CLASS ($USB) MRO </a> <a title="Issue 19 March/April page 61" href="http://viewer.zmags.co.uk/publication/e4fed939?page=61"> Brave MONARCH AIRCRAFT ENGINEERING (MAEL) took a </a> <a title="Issue 19 March/April page 62" href="http://viewer.zmags.co.uk/publication/e4fed939?page=62"> MRO and possibly their own parent. These</a> <a title="Issue 19 March/April page 63" href="http://viewer.zmags.co.uk/publication/e4fed939?page=63"> Transform the worth of your inventory You’re look</a> <a title="Issue 19 March/April page 64" href="http://viewer.zmags.co.uk/publication/e4fed939?page=64"> NB $26.4 46% WB $23.3 MRO </a> <a title="Issue 19 March/April page 65" href="http://viewer.zmags.co.uk/publication/e4fed939?page=65"> MRO CF6-80C2, GE90, and i</a> <a title="Issue 19 March/April page 66" href="http://viewer.zmags.co.uk/publication/e4fed939?page=66"> MRO another 13%. Independent providers captur</a> <a title="Issue 19 March/April page 67" href="http://viewer.zmags.co.uk/publication/e4fed939?page=67"> </a> <a title="Issue 19 March/April page 68" href="http://viewer.zmags.co.uk/publication/e4fed939?page=68"> </a> <a title="Issue 19 March/April page 69" href="http://viewer.zmags.co.uk/publication/e4fed939?page=69"> Independent: Dedicated maintenance providers with</a> <a title="Issue 19 March/April page 70" href="http://viewer.zmags.co.uk/publication/e4fed939?page=70"> MRO LINE MAINTENANCE MARKET SIZE & FORECAST Li</a> <a title="Issue 19 March/April page 71" href="http://viewer.zmags.co.uk/publication/e4fed939?page=71"> </a> <a title="Issue 19 March/April page 72" href="http://viewer.zmags.co.uk/publication/e4fed939?page=72"> MRO GLOBAL MRO BALANCE OF TRADE The following d</a> <a title="Issue 19 March/April page 73" href="http://viewer.zmags.co.uk/publication/e4fed939?page=73"> 6% WB MRO 2014 AIRFRAME MAI</a> <a title="Issue 19 March/April page 74" href="http://viewer.zmags.co.uk/publication/e4fed939?page=74"> maintenance demand is performed in regions ou</a> <a title="Issue 19 March/April page 75" href="http://viewer.zmags.co.uk/publication/e4fed939?page=75"> 5% 6% WB MRO 2014 COMPONENT</a> <a title="Issue 19 March/April page 76" href="http://viewer.zmags.co.uk/publication/e4fed939?page=76"> MRO CONCLUSION Globally, the fleet growth is</a> <a title="Issue 19 March/April page 77" href="http://viewer.zmags.co.uk/publication/e4fed939?page=77"> ASIA 4–6 May 2014 • The Ritz-Carlton • Hong Kong </a> <a title="Issue 19 March/April page 78" href="http://viewer.zmags.co.uk/publication/e4fed939?page=78"> TITLE Enemy at the gate? The new airport and air</a> <a title="Issue 19 March/April page 79" href="http://viewer.zmags.co.uk/publication/e4fed939?page=79"> aid to assist an airline in introducing a new ser</a> <a title="Issue 19 March/April page 80" href="http://viewer.zmags.co.uk/publication/e4fed939?page=80"> DATA GLOBAL CAPACITIES YEAR ON YEAR - APRIL 201</a> <a title="Issue 19 March/April page 81" href="http://viewer.zmags.co.uk/publication/e4fed939?page=81"> TOP 50 GLOBAL AIRLINES - ASKS/WEEK -APRIL 2014 YE</a> <a title="Issue 19 March/April page 82" href="http://viewer.zmags.co.uk/publication/e4fed939?page=82"> DATA COMMERCIAL AIRCRAFT CMVS AND LEASE RATES -</a> <a title="Issue 19 March/April page 83" href="http://viewer.zmags.co.uk/publication/e4fed939?page=83"> The A340 can be considered CPGHƂEKGPVNQPIJCWNUQNW</a> <a title="Issue 19 March/April page 84" href="http://viewer.zmags.co.uk/publication/e4fed939?page=84"> It's not just about access to a new airplane. It'</a>