Aviation Daily Roundup: Nov. 01, 2022

Safran is holding to its projection of 25-30% civil engine aftermarket growth in 2022 as higher-than-projected spare parts revenue outweighs lower-than-expected CFM56 shop visit volume, the company said.  

The U.S. Transportation Department (DOT) granted Canada Jetlines’ application to fly scheduled and charter flights between the U.S. and Canada, clearing a hurdle for the Canadian ULCC to add transborder services. 

Loganair, the UK’s largest regional carrier, returned to profitability for the latest financial year, with the prospect of new ownership by the time its next annual results are published. 

Irish regional newcomer Emerald Airlines is looking to grow to a fleet of around 20 aircraft by summer 2024 and set up its own ramp-handling and catering units in a bid to minimize the risk of operational disruption.

Is Europe’s airline industry set for a wave of consolidation? Looking back almost two years since the start of the COVID-19 pandemic, the predictions of mass consolidation largely have failed to materialize. But as airlines have returned to something approaching normality, there could be more mergers and acquisitions (M&A) activity on the horizon. 

Estonian wet-lease provider Nordic Aviation Group (Nordica) is working to set up a new air operator’s certificate (AOC) for an unidentified European customer, which plans to operate Airbus A320neos.

Turkey-based leisure and domestic carrier SunExpress, a joint venture of Lufthansa and Turkish Airlines, will base four Boeing 737s in Miami, Florida, operating flights on behalf for iAero based on an Aircraft Crew Maintenance Insurance contract.

Forecasting a weakening of the air freight market in Southeast Asia, Vietnamese retail conglomerate IPPG has scrapped the planned launch of its own airline, IPP Air Cargo. 

Spanish airline Iberia plans to operate 105% of its 2019 capacity in the first quarter of 2023 thanks to the arrival of new aircraft.