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<br /> ISSUE TWENTYONE JULY/AUGUST 2014<br /> THE LEADING GLOBAL PUBLICATION FOR OPERATORS OF AND INVESTORS IN AIRCRAFT AND ENGINES<br /> www.aviationnews-online.com<br /> It’s easy to be green<br /> when it’s in your nature.<br /> PurePower® engines are by far the greenest in aviation and that’s no accident of nature, but purely by design.<br /> Our Geared Turbofan™ engine is designed to be quieter and more efficient with fewer emissions. Not just old<br /> technology repackaged in a new skin, but a better engine at its core. Learn more about the PurePower PW1000G<br /> engine family at PurePowerEngines.com.<br /> Power People Depend On.™<br /> EDITOR’S LETTER<br /> BACK IN THE BLACK<br /> VOLUME FOUR, ISSUE FOUR<br /> July/August 2014<br /> EDITORIAL TEAM<br /> Victoria Tozer-Pennington<br /> victoria@aviationnews-online.com<br /> Philip Tozer-Pennington<br /> <a title="Issue 21 July/August page 1" href="http://viewer.zmags.com/publication/f49af76e?page=1"> ISSUE TWENTYONE </a> <a title="Issue 21 July/August page 2" href="http://viewer.zmags.com/publication/f49af76e?page=2"> It’s easy to be green when it’s in your natur</a> <a title="Issue 21 July/August page 3" href="http://viewer.zmags.com/publication/f49af76e?page=3"> EDITOR’S LETTER BACK IN THE BLACK VOLUME FO</a> <a title="Issue 21 July/August page 4" href="http://viewer.zmags.com/publication/f49af76e?page=4"> CONTENTS 1 BACK IN THE BLACK 48 Letter fro</a> <a title="Issue 21 July/August page 5" href="http://viewer.zmags.com/publication/f49af76e?page=5"> </a> <a title="Issue 21 July/August page 6" href="http://viewer.zmags.com/publication/f49af76e?page=6"> NEWS Alitalia and Etihad finalise partnership </a> <a title="Issue 21 July/August page 7" href="http://viewer.zmags.com/publication/f49af76e?page=7"> KEEP YOUR FLEET UP IN THE AIR. NOT YOUR</a> <a title="Issue 21 July/August page 8" href="http://viewer.zmags.com/publication/f49af76e?page=8"> NEWS The loss of Flight MH17 The world was shoc</a> <a title="Issue 21 July/August page 9" href="http://viewer.zmags.com/publication/f49af76e?page=9"> OUR EXPERIENCE DRIVES YOUR EXCELLENCE. </a> <a title="Issue 21 July/August page 10" href="http://viewer.zmags.com/publication/f49af76e?page=10"> NEWS Airbus hit with A380 cancellations During</a> <a title="Issue 21 July/August page 11" href="http://viewer.zmags.com/publication/f49af76e?page=11"> Meticulous MONARCH AIRCRAFT ENGINEERING (MAEL) ha</a> <a title="Issue 21 July/August page 12" href="http://viewer.zmags.com/publication/f49af76e?page=12"> NEWS Delta orders 15 A321ceos Delta Air Lines h</a> <a title="Issue 21 July/August page 13" href="http://viewer.zmags.com/publication/f49af76e?page=13"> FLEET MANAGEMENT EXPERTISE W W W. S I A E C</a> <a title="Issue 21 July/August page 14" href="http://viewer.zmags.com/publication/f49af76e?page=14"> NEWS IAG posts profit; firms up A350 order Inte</a> <a title="Issue 21 July/August page 15" href="http://viewer.zmags.com/publication/f49af76e?page=15"> Better, Faster, stronger World Class </a> <a title="Issue 21 July/August page 16" href="http://viewer.zmags.com/publication/f49af76e?page=16"> NEWS ANA Holdings firms up A320neo order ANA H</a> <a title="Issue 21 July/August page 17" href="http://viewer.zmags.com/publication/f49af76e?page=17"> Aset Management • • • • Remarketing Services </a> <a title="Issue 21 July/August page 18" href="http://viewer.zmags.com/publication/f49af76e?page=18"> NEWS All change at The Monarch Group The Monarc</a> <a title="Issue 21 July/August page 19" href="http://viewer.zmags.com/publication/f49af76e?page=19"> When financing aircraft internationally, you need</a> <a title="Issue 21 July/August page 20" href="http://viewer.zmags.com/publication/f49af76e?page=20"> NEWS Aerospace suppliers count the cost of doin</a> <a title="Issue 21 July/August page 21" href="http://viewer.zmags.com/publication/f49af76e?page=21"> getmore The Q400 NextGen gives airlines </a> <a title="Issue 21 July/August page 22" href="http://viewer.zmags.com/publication/f49af76e?page=22"> NEWS Good to go: the launch of the A330neo </a> <a title="Issue 21 July/August page 23" href="http://viewer.zmags.com/publication/f49af76e?page=23"> NEWS AirAsia X seals A330neo launch L-R: John L</a> <a title="Issue 21 July/August page 24" href="http://viewer.zmags.com/publication/f49af76e?page=24"> NEWS Busy Airshow for Air Lease Corp Air Leas</a> <a title="Issue 21 July/August page 25" href="http://viewer.zmags.com/publication/f49af76e?page=25"> NEWS Monarch Airlines to replace fleet with 30 </a> <a title="Issue 21 July/August page 26" href="http://viewer.zmags.com/publication/f49af76e?page=26"> NEWS Intrepid Aviation orders 777s; considers A</a> <a title="Issue 21 July/August page 27" href="http://viewer.zmags.com/publication/f49af76e?page=27"> on a soft LOI basis.” Given that </a> <a title="Issue 21 July/August page 28" href="http://viewer.zmags.com/publication/f49af76e?page=28"> NEWS CIT expands 787-9 order; aids A330Neo laun</a> <a title="Issue 21 July/August page 29" href="http://viewer.zmags.com/publication/f49af76e?page=29"> capital markets. “CIT has no trouble borrowing so</a> <a title="Issue 21 July/August page 30" href="http://viewer.zmags.com/publication/f49af76e?page=30"> NEWS SMBC Aviation Capital orders 115 A320s L-</a> <a title="Issue 21 July/August page 31" href="http://viewer.zmags.com/publication/f49af76e?page=31"> NEWS BOC Aviation opts for more A320-family air</a> <a title="Issue 21 July/August page 32" href="http://viewer.zmags.com/publication/f49af76e?page=32"> NEWS Qatar and Emirates finalise 777X order </a> <a title="Issue 21 July/August page 33" href="http://viewer.zmags.com/publication/f49af76e?page=33"> NEWS Avolon commits to A330neo and 787 Dublin-b</a> <a title="Issue 21 July/August page 34" href="http://viewer.zmags.com/publication/f49af76e?page=34"> NEWS Hainan Airlines commits to 50 737 MAX 8s H</a> <a title="Issue 21 July/August page 35" href="http://viewer.zmags.com/publication/f49af76e?page=35"> NEWS AerCap firms up A320-family order </a> <a title="Issue 21 July/August page 36" href="http://viewer.zmags.com/publication/f49af76e?page=36"> NEWS Air Algerie orders convertible 737s </a> <a title="Issue 21 July/August page 37" href="http://viewer.zmags.com/publication/f49af76e?page=37"> NEWS IAG converts A320neo options International</a> <a title="Issue 21 July/August page 38" href="http://viewer.zmags.com/publication/f49af76e?page=38"> NEWS NAC orders 75 ATR 42-600s; divests six tur</a> <a title="Issue 21 July/August page 39" href="http://viewer.zmags.com/publication/f49af76e?page=39"> NEWS Azul launches E195-E2 Brazilian carrier Az</a> <a title="Issue 21 July/August page 40" href="http://viewer.zmags.com/publication/f49af76e?page=40"> NEWS Trans States orders up to 100 E175-E2s Tra</a> <a title="Issue 21 July/August page 41" href="http://viewer.zmags.com/publication/f49af76e?page=41"> NEWS Bombardier wins CSeries orders at Farnboro</a> <a title="Issue 21 July/August page 42" href="http://viewer.zmags.com/publication/f49af76e?page=42"> NEWS Update: The A340 challenge </a> <a title="Issue 21 July/August page 43" href="http://viewer.zmags.com/publication/f49af76e?page=43"> their A340 cabins. Equally, Etihad has no inte</a> <a title="Issue 21 July/August page 44" href="http://viewer.zmags.com/publication/f49af76e?page=44"> AIRSHOW DATA FARNBOROUGH AIRSHOW ORDERS TABLE Ai</a> <a title="Issue 21 July/August page 45" href="http://viewer.zmags.com/publication/f49af76e?page=45"> AIRSHOW DATA Aircraft type Customer C</a> <a title="Issue 21 July/August page 46" href="http://viewer.zmags.com/publication/f49af76e?page=46"> AIRCRAFT LEASING A new home Hong Kong is to be</a> <a title="Issue 21 July/August page 47" href="http://viewer.zmags.com/publication/f49af76e?page=47"> started his career with Guinness Peat Aviation (G</a> <a title="Issue 21 July/August page 48" href="http://viewer.zmags.com/publication/f49af76e?page=48"> AIRCRAFT LEASING ae</a> <a title="Issue 21 July/August page 49" href="http://viewer.zmags.com/publication/f49af76e?page=49"> and London in the most recent Global Financial Ce</a> <a title="Issue 21 July/August page 50" href="http://viewer.zmags.com/publication/f49af76e?page=50"> A330neo The new Neo One headline dominated the</a> <a title="Issue 21 July/August page 51" href="http://viewer.zmags.com/publication/f49af76e?page=51"> design of the A330neo and even those that did not</a> <a title="Issue 21 July/August page 52" href="http://viewer.zmags.com/publication/f49af76e?page=52"> A330neo A330neo BASIC AIRCRAFT DATA (REALISTIC A</a> <a title="Issue 21 July/August page 53" href="http://viewer.zmags.com/publication/f49af76e?page=53"> A330neo Airbus President and Chief Executive O</a> <a title="Issue 21 July/August page 54" href="http://viewer.zmags.com/publication/f49af76e?page=54"> A330neo increase to</a> <a title="Issue 21 July/August page 55" href="http://viewer.zmags.com/publication/f49af76e?page=55"> </a> <a title="Issue 21 July/August page 56" href="http://viewer.zmags.com/publication/f49af76e?page=56"> A330neo indicat</a> <a title="Issue 21 July/August page 57" href="http://viewer.zmags.com/publication/f49af76e?page=57"> Experience KPMG is a leading provider of cros</a> <a title="Issue 21 July/August page 58" href="http://viewer.zmags.com/publication/f49af76e?page=58"> ROLLS-ROYCE Trent 7000 The seventh member of t</a> <a title="Issue 21 July/August page 59" href="http://viewer.zmags.com/publication/f49af76e?page=59"> the Trent 7000, which is a combination of the exp</a> <a title="Issue 21 July/August page 60" href="http://viewer.zmags.com/publication/f49af76e?page=60"> ROLLS-ROYCE examples i</a> <a title="Issue 21 July/August page 61" href="http://viewer.zmags.com/publication/f49af76e?page=61"> ROLLS-ROYCE “We have been working very intensive</a> <a title="Issue 21 July/August page 62" href="http://viewer.zmags.com/publication/f49af76e?page=62"> THE ETERNAL DEBATE Stuart Jewkes, staff writer fo</a> <a title="Issue 21 July/August page 63" href="http://viewer.zmags.com/publication/f49af76e?page=63"> customer at any price. But short, high dens</a> <a title="Issue 21 July/August page 64" href="http://viewer.zmags.com/publication/f49af76e?page=64"> REGIONAL JETS v TURBOPROPS </a> <a title="Issue 21 July/August page 65" href="http://viewer.zmags.com/publication/f49af76e?page=65"> before. 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