Friday, May 15, 2015

The Newsletter of Record for the Aviation Industry since 1979 - ISSN 0271-2598www.speednews.com

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TUI GROUP fi nalized order for one 787-9 (plus one option) and converted two 787-8s to 787-9s; it has now ordered 13 787-8s (11 delivered) and three 787-9s. It also unveiled plan to rebrand ArkeFly, Jetairfl y, Thomson, TUIfl y and TUIfl y Nordic under single banner.

HAINAN AIRLINES agreed to lease two new GEnx-powered 787-9s from Air Lease Corporation for delivery in 2016.

UNITED AIRLINES agreed to lease 11 ex-China Southern A319s (TBA) with V2500s from AerCap for delivery in 2016-2017 to supplement its fl eet of 55 and reduce its dependence on 50-seat regional jets; deal includes 14 more, subject to certain conditions.

SRIWIJAYA AIR, Indonesia leased ex-Jeju Air 737-800 (28214) from AerCap.

TUIFLY, Germany leased ex-SunExpress 737-800 (33023) from CIT Aerospace.

FREEBIRD AIRLINES, Turkey leased ex-Aigle Azur A320 (3852) with CFM56s from AerCap.

PRESIDIO AIRCRAFT LEASING acquired ex-US Airways 737-400 (24862) for lease to unidentifi ed South American carrier.

KALSTAR AVIATION, Indonesia took delivery of second (057) of two ex-Flybe E195s from Aldus Aviation (SPNWS; January 2).

GECAS leased new CFM56-powered A321-200 (6567) to AIR CHINA and ex-Jetairfl y 767-300ER (30840) to CONDOR.

BLUE AIR, Romania agreed to lease ex-Orenair 737-800 (29037) from Aircastle.

SOUTHWEST purchased two ex-Aeromexico 737-700s (30617/34294) from Apollo Aviation as part of plans to take 19 new 737-800s (nine to date) and 19 used 737-700s in 2015 and 31 new 737-800s/four used 737-700s in 2016. It ended 1Q15 with 679 aircraft.

MAHAN AIR, Iran says it has purchased nine aircraft, which is expected (not confi rmed) to include ex-Sichuan A321 (550), seven ex-Virgin Atlantic A340-600s (371/383/391/416/449/615/622) and ex-Virgin A340-300 (164), increasing fl eet to 65 aircraft.

VIVAAEROBUS took delivery of its fi rst new V2500-powered A320 (6602) from 2013 order for 12 A320ceos and 40 A320neos.

BEIJING CAPITAL AIRLINES took delivery of sixth new A320 (6580) on lease from BOC Aviation as part of deal for six.

TURKISH AIRLINES took delivery of new 737-900ER (42013); it plans to take three more 777s and four more 737s in 2015.

EMIRATES sold new A380 (172) to Veling Tayara, Mauritius, and leased it back under Japanese Operating Lease (JOL).

NORDIC AVIATION CAPITAL purchased three Q400s (4184/4198/4265; leased to AIRBERLIN) from Centaurium Aviation.

AIR PARTNER, UK has acquired CABOT AVIATION, UK for about £1.2m, and established an Aircraft Remarketing unit.

CIT AEROSPACE signed 23 lease agreements and delivered 10 new and used aircraft on lease in 1Q15 vs 55/28 in 1Q14.

INTREPID AVIATION secured long-term fi nancing from Citi for an A330-300 that was purchased with cash in 2014.

AERCAP had $304.6m net income on $1.3b revenues in 1Q15 vs $77.8m on $264.8m in 1Q14, and now has 1,274 owned/managed aircraft (plus another 368 on order) with an average remaining contracted lease term of 5.9 years. It has $7.2b of available liquidity.

AIR LEASE CORP had $19.3m net income on $278m revenues in 1Q15 vs $61.4m on $246m in 1Q14, and now has owned/managed fl eet of 242 aircraft with 82 airlines. It settled litigation with AIG and ILFC resulting in non-recurring expense of $72m before taxes.

AMEDEO AIR FOUR PLUS was added to the London Stock Exchange (AA4); it expects to own US$1.7b in aircraft assets by end 2015 by acquiring four A380s on lease with Emirates; two (152/164) were acquired in 2014 under SLB deal and second two in 2H15.

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SPEEDNEWS AIRCRAFT & PARTS MARKETPLACECOMPANY COMMERCIAL AIRCRAFT FOR SALE/LEASE PHONE E-MAIL/WEB ADDRESS CONTACT

ACG 1- A319 (CFM56-5B6/P), MSN 1706, 2002, FOR LEASE, AVAILABLE 1Q151- A330 (TRENT 772B-60), MSN 967, 2008, FOR LEASE, AVAILABLE 3Q151- 737-800 (CFM56-7B26), MSN 30287, 2003, FOR LEASE, AVAILABLE 4Q15

(1)949-219-4626 bryan.lange@aviationcapital.com BRYAN LANGE

ACI AVIATION CONSULTING 1- MD-11F (-80C2D1F), MSN 48459, 1991, FOR SALE, AVAILABLE NOW (1)540-428-4388 qbrasie@aciaviation.com QUENTIN BRASIE

AEROCENTURY CORP 5- FOKKER 100 (TAY650-15), MSN 11308/11310/11313/11331/11337, FOR SALE2- SAAB 340B+ WT (CT7-9B), MSN 422/423, EXTENDED WING TIPS, ECMP, FOR SALE OR LEASE1- SAAB 340B+ (GE CT7-9B), MSN 454, ECMP, FOR SALE OR LEASE1- SAAB 340B (GE CT7-9B), MSN 321, ECMP, FOR SALE OR LEASE

(1)650-340-1888 byron.hurey@aerocentury.com BYRON HUREY

AEROLEASE AVIATION 1- 757-200PCF (PW2037), MSN 25441, TT: 67,282/TC: 22,745, FOR SALE/LEASE, AVAIL JULY 2015 (1)407-782-7600 jep@aerolease.com JEP THORNTON

AMENTUM CAPITAL 1- 747-400ERF (CF6), MSN 37303, 2009, 910k MTOW, FOR SALE/LEASE, AVAILABLE 3Q151- A319-133 (V2527M-A5), MSN 3705, 2008, 144Y, FOR SALE/LEASE, AVAILABLE NOW4- A330-200 (PW4168A), MSN 943/962/970/979, 2008, FOR SALE/LEASE, AVAILABLE 3Q15-4Q16

(353)1-631-0333 marketing@amentum.aero JACK HYNES

AVINCO 1- A319 (CFM56), 2010, 144Y, 75,700 KG MTOW, FOR SALE OR LEASE, AVAILABLE MID-20151- A340-600 (TRENT 500), EX-VIRGIN, DOM 2005, FRESH HEAVY CHECK, FOR SALE, AVAIL NOW6- 737-800W (-7B26), 2013/2014, 170Y, FOR SALE OR LEASE, AVAILABLE NOW4- 767-220ER (-80C2B4F), 2000/2001, FOR SALE OR LEASE, AVAILABLE NOW

(377)98800440 mauricio.guevara@avinco.net MAURICIO GUEVARA

BCI AIRCRAFT LEASING, INC. 2- A340-312, MSN 047/051, FOR SALE OR LEASE, AVAILABLE NOW (1)805-374-9080 craig@bciaircraft.com CRAIG PAPAYANIS

BRISTOL ASSOCIATES 5- ATR 72-500 (PW127M), DOM 2011, MTOW 50,265 LB, FOR SALE ONLY2- MD-11SF, 1997, MTOW 628K, FOR SALE ONLY, AVAILABLE NOW

(1)202-682-4000 bristol@bristolassociates.com P. SEIDLITZ/E. McNAIR

CAAMS LEASING 2- DHC-6-300 TWIN OTTER, 1973/1977, 19 PAX WINDOWS, OK FOR PART 121/135, FOR LEASE (1)954-696-6802 info@caamsllc.com EVERETTE MASH

CIT AEROSPACE 2- A319-100 (CFM56-5B6/P), 2001, MSN 1598/1625, FOR LEASE, AVAILABLE MAY/JUNE 2015 (353)1-656-1026 gavan.daly@cit.com GAVAN DALY

COMPASS CAPITAL CORP 4- E190AR (CF34-10E6), 2008-11, MSN 205/287/393/482, 8F/88Y, FOR SALE/LEASE, AVAILABLE 2Q15 (1)415-392-4900 jdowell@compasscapitalcorp.com JARED DOWELL

EUROPEAN CAPITAL CORP 1- 737-300/400 (-3B2),1990, MSN 24634, FOR ACMI LEASE, AVAILABLE NOW (353)16689066 commercial@europeancapitalcorp.com IACOVOS YIAKOUMI

GERMAN AVIATION CAPITAL GMBH 3- DHC-8-400 (PW150A), MSN 4159/4162/4171, DOM 2007, FOR SALE/LEASE, AVAIL NOW (49)69-3535-765-14 barry.grimm@germanaviationcapital.de BARRY GRIMM

GUGGENHEIM AVIATION PARTNERS 2- A330-200 (TRENT 700 W/ TOTAL CARE), 1999, FRESH 6-YR CHECK, AVAILABLE 2Q15 (44)20-7535-1602 clive.bowen@guggenheimpartners.com CLIVE BOWEN

ROCKTON AB 1- SAAB 340B+ (CT7-9B), 1996, MSN 402, 34-PAX, FOR SALE OR LEASE, AVAILABLE NOW (1)970-390-7271 robert.kuller@rocktonman.com ROBERT KULLER

SKY HOLDING COMPANY 1- A320-233 (V2527E-A5), 1998, MSN 902, 77T, FRESH 6Y-CHECK, FOR LEASE, AVAILABLE 3Q151- 737-700 (CFM56-7B22), 1998, MSN 28577, HGW, FOR LEASE, AVAILABLE 2Q151- 767-300ER (PW4060), 1996, MSN 27993, FRESH S4C-CHECK, FOR LEASE, AVAILABLE 2Q15

(1)415-655-5038 kryan@skyholding.aero KARL RYAN

STRATEGIC AIR FINANCE 1- 757-200 (PW2037), DOM 1993, ZERO CSLSV, AVAILABLE NOW (1)954-648-2188 mjgarrihy@aol.com JOE GARRIHY

VX CAPITAL PARTNERS 1- 757-200 FREIGHTER (PW2037/40), ETOPS, 1992, MSN 25397, FOR LEASE, AVAIL 3Q152- 737-300 (W/ OR W/O ENGINES), 1992, MSN 27046/27047, FOR SALE, AVAILABLE NOW

(1)415-296-5270 (1)415-296-5288

eric@vxcapital.comskageman@vxcapital.com

ERIC ADEMASTEFAN KAGEMAN

COMPANY COMMERCIAL AIRCRAFT/ASSETS WANTED PHONE E-MAIL/WEB ADDRESS CONTACT

VX CAPITAL PARTNERS 737-400 & 757-200 AIRCRAFT AND ENGINES (CFM56-3C1/PW2000/RB211) FOR PURCHASE (1)415-296-5270 eric@vxcapital.com ERIC ADEMA

May 15, 2015

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Friday, May 15, 2015 - Page 3 of 10

TRANSDIGM completed acquisition of PEXCO AEROSPACE (plastic interior parts) from Odyssey Investment Partners for $496m.

BOEING says it has the capability of producing 60 737s per month; it only has plans to go to 52 (in 2018) from current 42 per month.

COMAC is expected to further delay first flight of C919 from late 2015 to 1H16; first deliveries could slip from 2018 to 2020.

MITSUBISHI AIRCRAFT plans by end of 2015 to open engineering center in Seattle to support MRJ flight tests (four aircraft) in US.

EMBRAER forecasts delivery in North America of 2,060 new 70- to 130-seat jets (53% replacement) worth $96b over next 20 years.

BOEING plans at end 2015 to shut down temporary extra assembly line for 787 in Everett; it will be converted for 777X.

AERONAUTICAL ENGINEERS cut door for its first CRJ200 freighter conversion; it says certification is on schedule for late 2015.

RYANAIR plans to establish €6m, 2-bay heavy maintenance facility at Wroclaw, Poland (where it has two based 737-800s) for 1Q16.

LUFTHANSA TECHNIK has 12-year Finnair contract to provide Total Component Support for its 19 A350s on order.

LUFTHANSA TECHNIK PHILIPPINES secured maintenance deals with Qantas for base/heavy checks for 12 A380s in 2015 and with Philippine Airlines for 58 A320/A321/A330/A340 heavy checks over next two years. It is currently expanding its main hangar.

TES AVIATION GROUP, UK renewed its LLP supply agreement with Japan Airlines, covering 15 CF6-80C2 shop visits in Japan.

STANDARDAERO has 2-year interCaribbean Airways contract to provide engine/APU maintenance for its EMB120s and Beech 99s.

DISCOVERY AIR TECHNICAL SERVICES extended ERJ145 heavy maintenance deal with Shuttle America for another three years.

FOKKER SERVICES launched ABACUS component availability program for CRJ700/900/1000 in addition to Dash 8s and Fokkers.

ROLLS-ROYCE plans by end of May to mate core and fan on first 97,000 lb thrust Trent XWB-97 flight test engine (for A350-1000); the flight test program on A380 flying testbed (001) is expected to start in 4Q15 and engine certification is expected in mid-2016.

PRATT & WHITNEY was selected by Bombardier to provide its eFAST health monitoring system as infrastructure unit for CSeries Aircraft Health Management System (AHMS) to transmit data from aircraft' to ground for real-time monitoring of all critical systems.

GE AVIATION broke ground on $50m, 55,000 sq ft expansion at Hooksett, NH for military/commercial rotating parts production.

WILLIS LEASE FINANCE CORP had $2.3m net income on $42.8m revenues in 1Q15 vs $4.3m on $43.3m in 1Q14; it has 205 engines (vs 200 a year ago), five aircraft parts packages (vs 5), five aircraft (vs 4) and other engine-related equipment worth $1.05b.

BUSINESS & GENERAL AVIATION NEWS

BOMBARDIER BUSINESS AIRCRAFT is cutting Global 5000/6000 production due to softness in international markets, which will result in about 1,750 layoffs in Montreal/Toronto, Canada and Belfast, Northern Ireland. It delivered 17 Global 5000/6000s in 1Q15.

GAMA reports manufacturers delivered 441 general aviation aircraft (193 pistons/115 turboprops/133 jets) worth $4.5b in 1Q15 vs 520 (241 pistons/125 turboprops/154 jets) worth $5.2b in 1Q14. It is urging US Govt to reauthorize Ex-Im Bank before June 30 deadline.

PILATUS made first flight of FJ44-powered PC-24 business jet; it plans to use three prototypes for 2-year flight test program.

JETNET says pre-owned business jet sales transactions dropped 13.5% in 1Q15 vs 1Q14, and are taking 66 days more to sell than a year ago, with a 20.5% increase in average asking price, which it says is one of the largest increases it has ever recorded.

PILATUS CENTRE CANADA (exclusive Canadian sales/service center for PC-12/24), Thunder Bay changed its name to LEVAERO AVIATION, and received FAA STC to install PC-12 Enhanced Vision System (EVS), which includes LEXAVIA LFS6000 EVS Sensor.

FLYING COLOURS inaugurated 12,000 sq ft interiors facility within the Bombardier Service Centre at Seletar Airport in Singapore.

VELING GROUP opened new $3m, 2,200 sq meter business aircraft maintenance facility at Port Louis, Mauritius.

JET AVIATION ST LOUIS was authorized by Cayman Islands Civil Aviation Authority to provide aircraft maintenance.

JETLEASE CAPITAL, FL arranged 5-year, $22m financing for new southwestern US-based G650 for high-net-worth individual.

SUN AIR JETS, Camarillo, CA added a 16-pax GIV to its domestic/international large cabin charter fleet.

May 15, 2015

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SPEEDNEWS AIRCRAFT ENGINE & APU MARKETPLACECOMPANY AIRCRAFT ENGINES FOR SALE OR LEASE AND WANTED PHONE E-MAIL/WEB ADDRESS CONTACT

AEROCENTURY CORP 1- CF34-8E5A1, ESN 193117, FOR SALE OR LEASE, AVAILABLE NOW (1)650-340-1888 frank.pegueros@aerocentury.com FRANK PEGUEROS

AEROTURBINE CFM56-5B4P/7B22/7B26, FULL QEC, FOR SALE/LEASE/EXCHANGEPW2037/2040/4056-3/4060-3/4062-3, FULL QEC, FOR SALE/LEASE/EXCHANGECF6-80C2B1F/B6F, FULL QEC, FOR SALE/LEASE/EXCHANGEV2500-A1, FOR SALE OR LEASE, AVAILABLE NOW

(1)972-892-0212 epeters@aeroturbine.com ELIZABETH PETERS

CASTLELAKE 1- RB211-535E4, FOR SALE OR LEASE, AVAILABLE NOW3- CFM56: ONE EACH -5B4/P, -5C3/F & -7B22, FOR SALE OR LEASE2- PW2037M, FOR SALE OR LEASE, AVAILABLE NOWSEVERAL CF6-80C2B2, FOR SALE OR LEASE, AVAILABLE NOW

(44)207-190-6119 neil.mccrossan@castlelake.com NEIL MCCROSSAN

GE AVIATION MATERIALS CF6-80C2B1F/B4F/B6F/A5/80E, FOR SALE/LEASE/EXCHANGECF34-3B1-/8C5/-10E, FOR SALE/LEASE/EXCHANGE

(1)214-960-3470 timothy.brecher@ge.com TIM BRECHER

GECAS ENGINE LEASING CF34-3B1/-8C1/-8C5/-8E/-10E · CF6-80C2/-C2BxF/-80E · GE90 · CFM56-3/5/7RR TRENT 800 · P&W & RB211 PRODUCTS: AVAILABLE FOR SALE OR LEASE

(1)513-782-4276 engine.leasing@gecas.com SHERRY RILEY

GLOBAL ENGINE MAINTENANCE, LLC JT8D-217Cs/-219s, IN-BUILD W/ VARIOUS CYCLES REMAINING, FOR SALE2- CFM56-3C1, IN-BUILD W/ VARIOUS CYCLES REMAINING, FOR SALE

(1)305-717-0951 julio.m@global-engine.comdaniel.h@global-engine.com

JULIO MENENDEZDANIEL HIDALGO

INAV GROUP, LLC 1- V2533-A5, SERVICEABLE, FOR SALE/LEASE/EXCHANGE, AVAILABLE NOW (1)847-847-3625 seanm@inavgroup.com SEAN MURDOUGH

KILLICK AEROSPACE 2- CFM56-7B22, ESN 875546/874478, NEUTRAL QEC, FOR SALE/LEASE/EXCHANGE2- CFM56-7B26, ESN 874523/875579, SERVICEABLE, FULL QEC, AVAILABLE NOW

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sdonegan@killickaerospace.compbrown@killickaerospace.com

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MAGELLAN AVIATION GROUP 1- CF34-8C5 FOR SALE OR LEASE, AVAILABLE NOW (1)704-504-9204 bill.polyi@magellangroup.net BILL POLYI

PRESIDIO AIRCRAFT LEASING SEVERAL CFM56-3B2 and -3C1, W/ VARIOUS CR, FOR LEASE, AVAILABLE NOW (1)708-752-1611 jcirillo@presidioaircraftleasing.com JOE CIRILLO

ROYAL AERO 4- CFM56: ONE EACH -3C1, -5A3, -5C4 & -5B4/P, FOR SALE OR LEASE (49)8025-99360 frank@royalaero.com FRANK RUSTEMEIER

SKY HOLDING COMPANY 2- CF680-C2B1F/B6F, FRESH OVERHAUL, FOR LEASE (1)415-655-5038 kryan@skyholding.aero KARL RYAN

TRONOS AVIATION CONSULTING 1- TRENT 556A2-61, ESN 71368, SV, FULL QEC/STAND, SALE OR LEASE, AVAIL NOW (1)678-439-9545 gweissel@tronosjet.com GARY WEISSEL

TRUEAERO, LLC 2- CFM56-5C4/P, FOR SALE/LEASE/EXCHANGE (1)561-310-3242 bcorrie@trueaero.com BRENT CORRIE

VX CAPITAL PARTNERS SEVERAL CFM56-3C1, SVC, CFM TRUENGINES, FOR SALE OR LEASE, AVAIL NOW1- PW2040, SVC, FOR SALE OR LEASE, AVAILABLE MARCH 20151- CF6-80C2D1F, SVC, FOR SALE OR LEASE, AVAILABLE NOW

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GECAS ASSET MANAGEMENT SVS NACELLES AVAILABLE FOR V2500-A5, CFM56-5B/-7B, CF6-80E1 & TRENT 800 (1)901-547-2431 allen.burgess@gecas.com ALLEN BURGESS

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AEROTURBINE GTCP131-9A/9B; GTCP331-250/-350C; APS3200; PW901/PW901A; GTCP36-300 (1)972-813-1171 ahassan@aeroturbine.com ALI HASSAN

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Friday, May 15, 2015 - Page 5 of 10

THAI announced that it was granted >$100m in damages from KOITO by English Commercial Court to recover cost of leasing 777s for two years to replace A330-300s that were unavailable due to Koito's failure to comply with regulatory requirements for its seats.

AIR FRANCE-KLM, ALITALIA and DELTA AIR LINES received antitrust approval from EASA for joint services on Amsterdam-/Paris-/Rome-JFK, based on legally-binding commitments by the airlines to lower barriers for competition to enter these markets.

EASTERN AIRLINES, FL received its AOC and Part 121 operations specs to launch pax charters (initial operations TBA); it currently leases ex-Kenya 737-800 (35070) from BOC Aviation, Singapore and says it has recently concluded deals for additional 737-800s

DELTA plans to buy back another $5b of common stock by end of 2017; it is on track to complete prior $2b purchase by end of June.

SOUTHWEST pilots announced plan to prepare for potential strike if it cannot reach agreement on new contract in coming months.

DELTA and AEROMEXICO applied to Mexican Govt to approve joint cooperation agreement for service between US and Mexico.

SOUTHWEST received Board authorization to repurchase another $1.5b of common stock, its largest single authorization in history.

AMERICAN increased 2Q15 fuel price forecast by $.10 to $1.94-$1.99/gal, reducing pretax margin (excl. special items) to 17-19%.

AIRASIA X completed IATA Operational Safety Audit, and was added to its IOSA registry.

US DOT (BTS) reports US scheduled airlines flew 59.9b RPMs in February, up 3.5% vs Feb 2014; capacity rose 3.1% to 74.8b ASMs.

IATA reports worldwide airline share prices fell 1.5% in April vs March 2015, but are still up 23% from a year ago.

TIGERAIR PHILIPPINES changed its name to CEBGO; it was acquired in March 2014 by Cebu Pacific Air, which operates 10 A319s, 31 A320s, six A330s and eight ATR 72-500s with seven more new A320s and 30 A321neos scheduled for delivery through 2021.

NORDIC GLOBAL AIRLINES, Finland is shutting down operations at end of May; it has four MD-11Fs.

April 2015 Traffic PAX (000) %Ch RPM (mil.) % Ch ASM (mil.) % Ch PLF: '15 vs '14AMERICAN AIRLINES GROUP 16,819 1.3 18,062.5 (0.3) 22,129.8 1.3 81.6 vs 82.9DELTA AIR LINES 14,782 2.5 16,879.6 1.8 20,295.3 3.7 83.2 vs 84.7UNITED AIRLINES 11,417 0.9 16,684.9 0.4 20,504.7 2.7 81.4 vs 83.3AIR FRANCE-KLM GROUP 6,529 (2.0) 11,902.9 (0.4) 14,143.1 0.3 84.2 vs 84.8SOUTHWEST AIRLINES 9,986 6.2 9,898.5 8.6 11,911.7 6.7 83.1 vs 81.7LUFTHANSA 6,725 10.6 8,294.4 10.7 10,685.0 11.4 77.6 vs 78.1BRITISH AIRWAYS N/A 7,134.9 0.7 9,074.3 3.3 78.6 vs 80.7LATAM AIRLINES GROUP 5,273 (1.1) 5,277.6 0.5 6,466.9 1.5 81.6 vs 82.4AIR CANADA N/A 5,098.0 7.4 6,130.0 7.5 83.2 vs 83.3JETBLUE AIRWAYS 2,923 8.7 3,461.6 9.0 4,037.8 6.6 85.7 vs 83.9ALASKA AIR GROUP 2,554 9.4 2,735.0 9.8 3,273.0 13.2 83.6 vs 86.1SKYWEST 4,757 (4.0) 2,510.1 (4.1) 3,039.3 (3.9) 82.6 vs 82.8IBERIA N/A 2,352.6 9.7 3,031.2 11.1 77.6 vs 78.6AIRBERLIN 2,358 (7.6) 2,283.6 (7.1) 2,817.4 (3.8) 81.1 vs 84.0NORWEGIAN 2,134 6.9 2,065.5 14.5 2,508.0 10.8 82.4 vs 79.8SWISS 1,483 0.1 2,007.7 (1.5) 2,434.6 0.8 82.5 vs 84.4WESTJET N/A 1,829.0 3.1 2,280.0 5.8 80.2 vs 82.3 SAS GROUP 2,239 (9.6) 1,623.1 (11.7) 2,314.7 (0.1) 70.1 vs 79.3AEROMEXICO GROUP 1,512 11.6 1,576.5 13.9 2,066.8 18.7 76.5 vs 79.8SPIRIT AIRLINES 1,442 27.7 1,429.7 28.5 1,699.2 31.0 84.1 vs 85.8COPA AIRLINES N/A 1,280.6 1.6 1,761.2 7.0 72.7 vs 76.6VUELING N/A 1,231.6 14.2 1,567.2 17.0 78.6 vs 80.5FINNAIR 811 1.1 1,204.9 (2.6) 1,554.6 (0.3) 77.5 vs 79.4HAWAIIAN AIRLINES 817 4.0 1,087.2 6.3 1,402.9 4.8 77.5 vs 76.4REPUBLIC AIRWAYS GROUP 1,888 0.4 967.6 (0.4) 1,232.2 (0.4) 79.5 vs 79.9AUSTRIAN AIRLINES 932 (7.3) 958.2 (2.7) 1,298.7 6.5 73.7 vs 80.7 VOLARIS 933 18.0 894.0 12.7 1,097.0 9.5 81.4 vs 79.2VIRGIN AMERICA 587 4.8 889.4 2.8 1,042.0 1.2 85.4 vs 84.1

http://www.tes-uk.com

Friday, May 15, 2015 - Page 7 of 10

AMETEK, PA acquired GLOBAL TUBES, which comprises FINE TUBES, UK and SUPERIOR TUBE, PA, for about $200m.

CHEMETALL (Albemarle Corporation), LA has acquired CHEMAL, Germany (aluminum finishing).

ROLLS-ROYCE says it is maintaining its full-year guidance for 2015 as it expects performance to be more 2H15-weighted.

MITSUBISHI HEAVY INDUSTRIES had ¥110.4b net profit on ¥3,992b sales in year end March 31 vs ¥160.4m on ¥3,349b a year ago.

SINGAPORE AIRLINES GROUP had S$367.9m net income for year ended March 31 (vs S$359.5m a year ago) on 2.1% higher revenues. SINGAPORE AIRLINES earned S$340m (vs S$256m a year ago) and SIA CARGO lost S$22m (vs S$100m loss).

EASYJET posted £7m pretax profit for six months ended March 31 (vs £53m loss a year ago) on 3.8% higher revenues.

AIR CANADA posted C$122m adjusted net income for 1Q15 (vs C$132m loss in 1Q14) on 6% higher revenues, calling it the best 1Q financial performance in its history. It is projecting 2015 capacity increase of 9-10% vs 2014; 55% will be by Air Canada rouge.

TURKISH AIRLINES had US$153m net income in 1Q15 (vs approximate US$85m loss in 1Q14) on 4% lower revenues.

REPUBLIC AIRWAYS had $6.4m net income for 1Q15 (vs $14m in 1Q14) on 1% higher revenues. It took delivery of final six E175s for its American deal, which now totals 47 aircraft; and it expects to take 15 more E-Jets in 2H15 for operation as United Express.

GOL, Brazil had R$672.7m net loss for 1Q15 (vs R$96.1m loss in 1Q14) on 0.5% higher revenues. It says current scenario of high exchange rate volatility and low economic activity causes it to continually manage its costs and search for new sources of revenue.

AIRBERLIN lost (EBIT) €159.9m in 1Q15 (vs €182.8m loss in 1Q14) on 4.2% higher revenues; average yields increased 4.2%.

CARGOJET earned (EBITDA) C$7.3m in 1Q15 (vs C$1.8m in 1Q14) on 23.8% higher revenues. It currently has 24 freighters.

TRIUMPH GROUP had $238.7m net income on $3.88b sales for year ended March 31 vs $206.3m on $3.76b a year ago; organic sales dropped 5% primarily due to decreased C-17 and 747-8 production. Its backlog has surpassed $5b.

PRECISION CASTPARTS had $1.53b net income on $10b sales for year ended March 31 vs $1.77b on $9.53b a year ago; Airframe Products earned $968m on $3.2b sales vs $863m on $2.9b. Aerospace represented 70% of its total sales vs 69% a year ago.

ST AEROSPACE had S$57.3m net income on S$491m revenues in 1Q15 vs S$60.5m on S$503m in 1Q14. Aircraft Maintenance & Mod business earned S$40.9m on 13.7% lower sales; and Component/Engine MRO earned S$13.4m on 2.5% higher sales.

DUCOMMUN had $2m net loss on $173m revenues in 1Q15 vs $5.2m net income on $180m in 1Q14; DAS sales fell 12%.

MAGELLAN AEROSPACE had C$19.2m net income on C$228m revenues in 1Q15 vs C$12.1m on C$210.5m in 1Q14.

WESCO AIRCRAFT had $23m net income on $385.6m sales for second quarter ended March 31 vs $24.3m on $327.4m a year ago.

ASTRONICS AEROSPACE earned $23.4m on $142.4m revenues in 1Q15 vs $17.5m on $122.4m in 1Q14.

UNITED AIRCRAFT CORP says Russia and China are forming joint venture to acquire up to 100 SSJ100s over next three years for lease to airlines in China and Southeast Asia; parties include Sukhoi, Russia-China Investment Fund and New Century Intl. Leasing.

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Hôtel Palladia • Toulouse, France • September 14-16, 2015

SpeedNews 16th Annual Aviation Industry Suppliers Conference In Toulouse

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Preliminary Program

May 14, 2015SEPTEMBER 15, TUESDAY (CONTINUED)

4:50 pm Wrap-up Joanna Speed

6:30 Buses leave from Hôtel Palladia for Dinner

7:00-9:00 Dinner at Les Écuries de la Tour, spouses invited, Champagne & Wine Sponsorship available

9:30-9:45 Buses leave for Hôtel Palladia

SEPTEMBER 16, WEDNESDAY

8:15-9:15 am Breakfast - Hôtel Palladia Restaurant, sponsored by SAFRAN Sagem

9:15-10:45 PANEL: OEM PRODUCT UPDATE AND OUTLOOK Moderated by Jerrold T. Lundquist, Managing Director, The Lundquist Group AIRBUS - Joost van der Heijden, Head of Marketing, Asia AVIONS DE TRANSPORT REGIONAL (ATR) - Bertrand Pabon, Director, Market Strategy BOEING - Tadashi Mabee, Regional Director, Product Marketing BOMBARDIER - speaker name to be confirmed EMBRAER - Rodrigo Silva e Souza, Vice President, Market Intelligence Discussions and Questions

10:45-11:15 Morning Coffee Break - Hôtel Palladia Patio

11:15-11:45 COUNTERPOINT MARKET INTELLIGENCE Richard Apps Key Developments in Commercial Aerospace Director Supply Chains 11:45-12:15 pm ICF INTERNATIONAL David Stewart Key Battlegrounds in The Aftermarket Vice President & Global Managing Director, Aerospace & MRO 12:30-2:00 Lunch - The Capitoul Room, sponsored by CFM International

2:15-3:15 PANEL: OEM SUPPLY CHAIN BUSINESS MODEL INNOVATION: THE FUTURE OF RISK SHARING Moderated by Jonathan Berger, VP, Technical Services, ICF International Discussions and Questions

3:15-3:45 Tea Break - Hôtel Palladia Patio 3:45-4:15 PEMCO WORLD AIR SERVICES Pastor Lopez Freighter Conversion: Global Demand and The Future Chief Executive Officer

4:15-4:45 CTAIRA Chris Tarry Into the Unknown: A Look into Cyclical Pattern Changes Chief Executive Officer Airlines and Commercial Aircraft Demand

4:45-5:15 BANK OF AMERICA - MERRILL LYNCH Dr. Ronald J. Epstein A View from The City: Aerospace and Airline Trends Managing Director, A&D Global Research

5:15 Wrap-up Joanna Speed

5:15-7:15 Farewell Reception - Hôtel Palladia Patio, sponsorship available Drawing for PacMin model airplanes (must be present to win)

15/05

SEPTEMBER 14, MONDAY

6:00-7:30 pm Registration - Hôtel Palladia Ampithéatre, sponsorship available Cocktail Reception - The Capitoul Room (in conjunction with the 3rd Annual European Aerospace Raw Materials & Manufacturers Supply Chain Conference Cocktail Reception), sponsorship available

SEPTEMBER 15, TUESDAY

7:15-8:15 am Registration - Hôtel Palladia Ampithéatre, sponsorship available Breakfast - Hôtel Palladia Restaurant, sponsored by SAFRAN Sagem

8:15-8:20 Welcome Address and Introduction Joanna Speed Managing Director, A&D Events

8:20-8:50 AIRBUS Matthias Gramolla Opening Address Head of Airbus & Airbus Group Services, and Procurement Strategy

8:50-9:20 ROLAND BERGER STRATEGY CONSULTANTS Robert Thomson Overview of the European Aerospace Supply Chain: Partner Recent Developments, Challenges and Opportunities

9:20-9:50 BOC AVIATION Robert Martin View from an Aviation Industry Lessor Managing Director & CEO

9:50-10:10 Morning Coffee Break - Hôtel Palladia Patio, sponsorship available

10:10-11:00 AIRCRAFT DELIVERY AND RETIREMENT FORECASTS: Session One Moderated by Charles Armitage, Head of European Aerospace & Defense Equity Research, UBS AIRBUS - Andrew Gordon, Director, Strategic Marketing & Analysis BOEING COMMERCIAL AIRPLANES - James Billing, Managing Director, Airline Market Analysis ROLLS ROYCE - Stephen Burnside, Market Forecasting Manager, Civil Large Engines

11:00-11:10 Refresher Break

11:10-12:00 pm AIRCRAFT DELIVERY AND RETIREMENT FORECASTS: Session Two Moderated by Charles Armitage, Head of European Aerospace & Defense Equity Research, UBS DVB BANK - Steven Guo, Vice President, Aviation MTU AERO ENGINES - Dr. Marc Le Dilosquer, Director, Market Analysis SAFRAN SNECMA - Alexandre Lang, General Manager, Market Studies & Research, Civil Aviation & Airline Studies

12:00-12:45 Forecast Panel Discussions and Questions

12:45-2:15 Lunch - The Capitoul Room, sponsored by CFM International

2:15-2:45 CFM INTERNATIONAL Sandrine Lacorre Product Update and Outlook LEAP Product Marketing Director

2:45-3:15 PRATT & WHITNEY Paul Finklestein GTF: Gearing up for Entry into Service Vice President, Product Marketing

3:15-3:45 Tea Break, Hôtel Palladia Patio, sponsorship available

3:45-4:45 PANEL: AS THE TURBINE TURNS: AEROENGINE MARKET OUTLOOK AND KEY TRENDS Moderated by Kevin Michaels, Vice President, Aerospace & MRO, ICF International KMUE CONSULT - Klaus Mueller, Principal MTU ENGINES - Gert Wagner, Director, Engine Programs - to be confirmed ROLLS-ROYCE - Richard Goodhead, Vice President, Customer Strategy & Marketing Discussions and Questions

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HUNTSMAN joined group of academic and industrial partners, including RUAG AEROSTRUCTURES, on 2-year research project (partially funded by Switzerland's Commission for Technology and Innovation) to improve the toughness of thin ply composites.

ROCKWELL COLLINS has 2-year NASA contract to develop a conceptual cockpit display to provide a visual representation of sonic boom over land as part of High Speed Project leading to development of new-generation of supersonic civil transport aircraft..

COMMERCIAL AIRCRAFT INTERIORS (CAI) opened first phase of its new Anodizing facility in Arlington, WA that will meet the following specs: Mil-A-8625F, Type II, Class 1 (clear); Mil-A-8625F, Type II, Class 2 (black), and BAC5632, Class 5 (unsealed).

AIRBUS began final assembly of first A350-900 for TAM for delivery in 2H15. TAM has 27 A350s on order.

ACSS (L-3/Thales), AZ received Airbus certification to DO-260B (highest level of ADS-B Out capability) for its XS-950 Mode S Transponder and T3CAS Surveillance System for A320 Family aircraft; mandates call for aircraft upgrades in Europe/US by 2020.

AIRCRAFT PROPELLER SERVICE was licensed blade compression wrap technology for 6-bladed 568F electronic control composite propeller system (manufactured by UTC AEROSPACE SYSTEMS) for ATRs, and can now perform OEM-propriety repairs/inspections.

ROCKWELL COLLINS launched trial program with nine unidentified airlines for its new ARINC MultiLink flight tracking service.

PDQ AIRSPARES, UK opened new ConsumableCare sales offices in Guangzhou, China and Hamburg, Germany.

FLYHT, Canada was selected by unidentified African airline to provide AFIRS 228 flight information reporting system for four A320s.

NAVAERO, Sweden was selected by Austrian Airlines to provide its tablet EFB with data connectivity across its entire fleet.

LUFTHANSA SYSTEMS was selected by TUI Group to provide comprehensive IT package for navigation/schedule management.

RMS, WA was selected by Boliviana to provide its cloud-based airRMexpress revenue management system.

DUNCAN AVIATION, NE was named by ACR Electronics as authorized service center for its ARTEX ELTs.

ROCKWELL COLLINS was selected by Rwandair to provide ARINC common use passenger processing systems (CUPPS).

CHOMARAT CHINA, Taicang (near Shanghai) received EN 9100:2009 certification for its advanced composite reinforcements.

FL TECHNICS, Lithuania was selected by Future Metals as its exclusive sales representative for its products in Russia/CIS.

ACI says world airport traffic increased 7% in March vs March 2014; international pax traffic increased 6.7%. Cargo rose 1.4%.

UNITED and HOUSTON AIRPORT SYSTEM broke ground on $244m, 265,000 sq ft Terminal C North concourse (to include 11 boarding gates) at IAH for early 2017 to replace existing facility, which will be demolished to reconstruct its International Terminal D.

LONDON HEATHROW handled 6.14m pax in April, down 0.8% vs April 2014; aircraft movements increased 2.7% to 39,713.

FRANKFURT AIRPORT handled 5.06m pax in April, up 7.5% vs April 2014; air cargo increased 0.6% to 170,247 tonnes.

NORWEGIAN plans in 4Q15 to begin Edinburgh-Tenerife and Birmingham-Tenerife/-Las Palmas (737-800).AZUL plans November 16 to begin five-times-weekly Belo Horizonte-Orlando (A330).JETBLUE AIRWAYS plans in 1Q16 to begin daily Fort Lauderdale-Quito, Ecuador (A320).ICELANDAIR plans March 16 to begin four-times-weekly Reykjavik-Chicago O'Hare (757).

Global Commercial Aerospace Seating Market: 2015-2020, by Lucintel, analyzes global market trends by regions, aircraft type, and product type, and estimates annual growth of 5.2% through 2020. $3,900: www.reportlinker.com

Mario Arcacha to Director of Sales-Latin America, based in Miami, of Magellan Aviation Group.Mark Arimoto to Director-A321 Integration of Hawaiian Airlines, Honolulu.Pedro Artidiello to PMO Business Development Manager of Southeast Aerospace, Melbourne, FL.Edwin Black to Senior VP-Sales and Marketing of Blackhawk Modifications, Waco, TX. Volker Fabian to Executive VP-Airline Leasing & Sales, based in Dublin, Ireland, of BOC Aviation.Maurice Flanagan, Founding CEO of Emirates, passed away. He was 86.Ren Ke to Senior VP-Airline Leasing & Sales (Asia Pacific), based in Tianjin, China, of BOC Aviation.Bob Kromer to Senior VP-Business Development and Dealer Relations of Blackhawk Modifications, Waco, TX.Guy Nathanzon to Chief Financial Officer of TAT Technologies, Gedera, Israel; Tiko Gadot resigned.David Siegel resigned as CEO of Frontier Airlines; Barry Biffle (President) and Bill Franke (Chairman) will replace in interim.

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