Thursday, October 30, 2014
AviTrader Daily Aviation News Alert
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February 20, 2015 · 541 Views
The bitter dispute between US- and Gulf-based airlines has reached a new level after Emirates flatly rejected an open apology made concerning what was seen as incredibly tactless and insensitive remarks made by Delta’s Chief Executive, Richard Anderson. The unfortunate incident relates back to comments made by a group of American airlines that a number of the larger Gulf carriers had benefited from state subsidies amounting to a figure in excess of US$40bn. As a consequence the American airlines either wanted to renegotiate or scrap the current Open Skies agreement.
Offended by such claims, the Gulf carriers retaliated by questioning whether or not US airlines had received government subsidies totaling US$5bn in the wake of 9/11. Unfortunately Delta’s Anderson, responding to this claim on CNN, said: “It’s a great irony to have the United Arab Emirates from the Arabian Peninsula talk about that, given the fact that our industry was really shocked by the terrorism of 9/11, which came from terrorists from the Arabian Peninsula.” While the UAE and Qatar, two of the States’ allies who have offered either military or logistical support for international operations were particularly upset by these comments, Delta simply made it clear that Anderson had been responding to claims regarding post 9/11 subsidies. “He didn’t mean to suggest the Gulf carriers or their governments are linked to the 9/11 terrorists. We apologize if anyone was offended.”
Unfortunately the largest of the three main Gulf carriers did not see this as acceptable. “We believe that the statements made this week by Mr. Anderson were deliberately crafted and delivered for specific effect,” it confirmed in a statement. However US airlines continue to complain that they have lost significant numbers of bookings since 2008 as a result of Gulf competition and cited documents they indicate demonstrate aid which has allowed their competitors to offer cheap fares. In retaliation, Gulf officials say that most US carriers do not fly the same routes and are losing business only because they offer an inferior service.
This is not a dissimilar situation to the one between Gulf airlines and European carriers, including Lufthansa, and coincidentally has come at the same time as US airlines are trying to have US Exlm Bank closed down. They believe Gulf carriers are benefitting to a greater degree from the export credit agency. The tit-for-tat dialog continues with Western airlines showing concern for the safety of thousands of service industry jobs, a complaint to which Gulf carriers have responded by making it very clear they support at least as many jobs in the aerospace sector with their huge orders for aircraft.
February 20, 2015 · 639 Views
Snecma (Safran), a leading manufacturer of aircraft engines, and Hindustan Aeronautics (HAL), a leading aerospace manufacturer, signed a Memorandum of Understanding (MoU) on January 28th, 2015 in Bangalore to explore establishing a joint venture in India for the production of aero-engine parts. The proposed joint venture will initially focus on the manufacture of high-tech parts for the Dassault Rafale’s Snecma M88 engine, then subsequently contribute to other major aerospace projects of HAL & Snecma, in India and worldwide. Spanning over 30,000 m², the proposed joint venture’s new plant is expected to benefit from substantial investment by the two partners, providing it with state-of-the-art machinery and equipment. This agreement marks a major step forward in the long-standing collaboration between Snecma and HAL. The proposed joint venture will further broaden the scope of the excellent relations established over the past 60 years between Safran affiliates and the Indian aerospace industry. For example, Snecma manufactures the M53 engines powering the Mirage 2000H “Vajra” fighters operated by the Indian Air Force.
December 2, 2014 · 195 Views
On the 7th January 2013 a fire was reported on board a Boeing 787 Dreamliner while parked at Boston’s airport in the USA. The fire was put down to a problem with one of the plane’s lithium-ion batteries. A week later an All Nippon Airways 787 Dreamliner had to make an emergency landing after smoke was discovered inside the plane which was subsequently traced back to another lithium-ion battery. As a consequence of this incident, all 787 Dreamliners were grounded until April of that year until further acceptable testing and improvements were carried out to the battery system on board the plane. The battery itself was manufactured by GS Yuasa and comprised eight individual cells making up a combined weight of 63lbs.
Nearly two years later and the results of the investigation into the first incident have concluded that the lithium-ion battery installed in the plane should not have received certification by the FAA. The National Transport Safety Board (NTSB) were also critical of Boeing who they believed had erroneously ruled out the chances of thermal runaway in its assessment of the battery’s safety. Boeing’s battery tests to obtain original certification included crushing battery cells, driving nails through them and deliberately introducing short circuits to cause failure. Boeing found “nothing adverse happened” while these tests were carried out, and so deemed the battery’s box and internal protection to be of an acceptable standard. Boeing stated that it had followed the certification process set out by the FAA. It would seem that while the cause of the fire has been clearly identified, responsibility for its occurrence has not been accepted in full by anyone.
November 5, 2014 · 162 Views
Back in February this year, Rolls-Royce, the FTSE-100 engine maker, lost over £3bn of its value after shocking the market with its first profits warning in a decade. To announce a second one this October has created considerable concern and Rolls-Royce has decided that over the next 18 months they need to reduce costs by up to £80m a year by axing 2,600 jobs, the majority of which will be in the aerospace sector in Britain and the United States. The focus is on Rolls-Royce’s key Trent engines as they move from the development to the production phase, which consequently requires fewer engineers.
Back in February John Rishton, Rolls-Royce group’s Chief Executive, had admitted that the future was “bumpier than I had expected”, while blaming the current problems on deteriorating economic conditions and a tit-for-tat trade war between the EU and Russia over the Ukrainian crisis which had affected its nuclear and energy business as well as its power-systems unit. This week Rishton has had to admit that “We are taking determined management action and accelerating our progress on cost. The measures announced today will not be the last; however they will contribute towards Rolls-Royce becoming a stronger and more profitable company.”
Another consequence of the situation is the unexpected departure of Finance Director, Mark Morris, leaving the company after 27 year without any explanation. He will be replaced by David Smith, who is being promoted from Finance Director of the Rolls-Royce Aerospace division. This second profit warning saw share value fall 11% to 832p, wiping a further £2bn off the company’s value. However, news of the redundancies was well received by investors and the share price rallied by 2%, currently standing at 832p. This is clear confirmation of comments made by Espirito Santo’s analyst, Ed Stacey, who indicated that investors would be expecting a clear message from the new Finance Director and tight control on all finances.
March 25, 2014 · 111 Views
Air France-KLM selected the GEnx-1B engine to power its 25 Boeing 787 Dreamliners and 12 leased 787 aircraft. The total engine order is valued at more than $1.7bn. Air France-KLM and GE Aviation have also signed an agreement that will allow Air France-KLM to offer maintenance, repair and overhaul (MRO) services for the GEnx-1B engine. Under this agreement, Air France-KLM will be licensed to perform maintenance and overhaul work on the GEnx-1B engine and GE will provide technical support and assistance on overhaul workscoping and component repair licenses, comprehensive material support and training.
March 7, 2014 · 78 Views
International Lease Finance Corporation (ILFC) has closed a new senior secured term loan of $1.5 billion. The loan will bear interest at LIBOR plus 275 basis points with a 0.75% LIBOR floor, is priced at 99.5% of par value, and will mature in 2021. The collateral used to support the transaction has an initial weighted average age of 9.1 years. It will be secured primarily by a first priority-perfected lien on the equity of certain of ILFC’s subsidiaries, which directly or indirectly own a pool of aircraft and related leases. ILFC plans to use the proceeds for general corporate purposes, including purchasing aircraft and supporting the company’s liquidity cushion.
February 26, 2014 · 78 Views
In 2013, Airbus achieved a new industry record of 1,619 gross commercial orders (FY 2012: 914 gross orders) with net orders of 1,503 aircraft (FY 2012: 833 net orders), excluding ATR. Gross orders comprised 1,253 A320 Family aircraft, 77 A330s, 239 A350 XWBs and 50 A380s. Fourth-quarter orders included Emirates Airline’s agreement for 50 A380s and Etihad Airways’ order for 50 A350 XWBs, 36 A320neos and one A330-200F. Airbus Military (now part of Airbus Defence and Space) received 17 net orders (FY 2012: 32 net orders). Airbus’ net order intake increased sharply to €202.3bn (FY 2012: €88.9bn). At the end of 2013, Airbus’ consolidated order book was valued at €647.4bn (year-end 2012: €525.5bn). The Airbus Commercial backlog was worth €627.1bn (year-end 2012: €505.3bn), comprising 5,559 Airbus aircraft (year-end 2012: 4,682 units) and representing over eight years of production. Airbus Military’s order book was worth €20.8bn (year-end 2012: €21.1bn). Airbus series aircraft deliveries increased to 626 aircraft (FY 2012: 588 aircraft, including three A330s without revenue recognition). Airbus Military delivered 31 aircraft (FY 2012: 29 aircraft). Airbus’ consolidated revenues increased seven percent to €42,012m (FY 2012: €39,273m), reflecting higher commercial and military aircraft deliveries. The Division’s consolidated EBIT rose to €1,710m (FY 2012: €1,252m). Airbus Commercial’s revenues rose to €39,889m (FY 2012: €37,624m). The Airbus Commercial reported EBIT was €1,595m (FY 2012: €1,147m) with the EBIT before one-off at €2,216m (FY 2012: €1,669m). Airbus Commercial’s EBIT before one-off benefitted from the improved operational performance, including favourable volume, some better pricing and an improvement in A380 losses. It also included higher A350 XWB programme support costs. Revenues at Airbus Military rose to €2,893m (FY 2012: €2,131m), driven by the A400M ramp-up and higher volumes from both light and medium transport planes and tankers. The EBIT at Airbus Military was €166m (FY 2012: €93m).
January 29, 2014 · 74 Views
Boeing Commercial Airplanes fourth-quarter revenue increased to $14.7bn and full-year revenue increased to a record $53bn on higher delivery volume. Fourth-quarter operating margin improved to 10.3% and full-year operating margin grew to 10.9% on the higher volume, favorable delivery mix and continued strong operating performance. During the quarter, the company launched the 777X with 259 orders and commitments. During the year, the 787 program completed first flight of the 787-9, successfully launched the 787-10 and began operating at a 10 per month production rate in final assembly. The 737 program delivered at a record production rate of 38 per month and has won nearly 1,800 firm orders for the 737 MAX since launch. In 2013, a record 648 commercial aircraft were delivered. In January 2014, the company reached an eight-year contract extension through 2024 with the International Association of Machinists & Aerospace Workers District 751 (IAM). Commercial Airplanes booked 465 net orders during the quarter and 1,355 during the year. Backlog remains strong with 5,080 airplanes valued at a record $374 billion.
January 9, 2014 · 65 Views
The A350 XWB development aircraft, MSN3, is in Bolivia where it will perform a series of tests at the high altitude airfields of Cochabamba and La Paz. Cochabamba is around 8,300 feet above sea level, and La Paz is one of the world’s highest airports at 13,300 feet. Operations at such high altitude airfields are particularly demanding on aircraft engines, Auxiliary Power Unit (APU) and systems. The aim of these trials is to demonstrate and validate the full functionality of engines, systems, materials as well as to assess the overall aircraft behaviour under these extreme conditions. A number of take-offs with all engines operating and with simulated engine failures are being performed at each of the airfields to collect data on engine operating characteristics and validate the aircraft take-off performance. The autopilot behaviour will also be evaluated during automatic landings and go-arounds. Since the A350 XWB’s first flight with MSN1 on June 14th 2013, over 800 flight test hours have been performed in close to 200 test flights by both MSN1 and MSN3. In total the A350 XWB flight test campaign will accumulate around 2,500 flight hours with the fleet of five aircraft. The rigorous flight testing will lead to the certification of the A350-900 by the European EASA and US FAA airworthiness authorities, prior to entry into service in Q4 2014.
July 5, 2013 · 64 Views
Firefly, Malaysia Airlines’ subsidiary carrier has taken ownership of its first brand-new ATR 72-600. The aircraft is the first of 20 latest generation firm ATRs, plus 16 options, ordered by Malaysia Airlines in December 2012. Firefly currently operates 12 ATR 72-500s, and with the arrival of the new ATR 72-600s will almost triple its exclusively ATR 72 aircraft fleet, taking the total to over 30 aircraft.
June 26, 2013 · 40 Views
Certification testing is underway on the first Passport development engine at GE Aviation’s Peebles Testing Operation in Ohio. The engine began ground testing on June 24th and ran for more than three hours, reaching more than 18,000 lbs. of standard day sea-level takeoff thrust. Eight Passport engines and one core will be involved in the engine certification program. Flight testing on GE’s flying testbed is scheduled for 2014. Engine certification is expected in 2015. The Passport engine certification program follows three years of validation testing. GE Aviation has conducted validation tests on the fan blisk design, including two fan blade-out rig tests, ingestion tests and a fan aero rig test to demonstrate fan efficiency. Testing is complete on the third eCore demonstrator, and GE has accumulated more than 300 hours of testing on eCore demonstrators to date.
May 22, 2013 · 53 Views
Rolls-Royce has won an order from US leasing company CIT Aerospace for Trent XWB engines, to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft. The Trent XWB engines will power ten CIT A350 aircraft that were announced in January 2013 which were in addition to five A350 XWB aircraft already on order. The Trent XWB, specifically designed for the Airbus A350, is the fastest selling Trent engine ever, with more than 1,200 already sold. The engine variant that will power the A350-800 and -900 was awarded European Aviation Safety Agency (EASA) type certification in February. The engine will power the first flight of the Airbus A350 XWB this year and the aircraft’s first in-service flight in 2014.
October 28, 2014 · 86 Views
Amentum, the Dublin based commercial aircraft leasing company, has renewed the lease of an A320-200 with Volaris (Concesionaria Vuela Compania de Aviacion, S.A. de C.V.). The lease was extended for six years. The aircraft (MSN 3624) is owned by Global Aircraft Fund I and was financed with commercial debt from NordLB. Amentum manages a total of three A320-200s on lease to Volaris for two different investor customers.
October 28, 2014 · 129 Views
AMAC Aerospace, a leading provider of corporate aviation maintenance and completion services has completed its first interior refurbishment project wholly designed by its own professional in-house design team. The project entailed refurbishing the existing cabin configuration of a Bombardier Global Express. The refurbishment project, which was undertaken at AMAC’s state-of-the-art headquarters at EuroAirport Basel-Mulhouse-Freiburg, involved a high degree of precision engineering, attention to detail and quality workmanship. The entire refurbishment process, which took eight months to complete, used only the highest grade materials. The completed interior features five single and two double business class seats and night configuration for sleeping.
October 28, 2014 · 119 Views
Airstream has concluded the ACMI lease on behalf of Czech Republic operator Travel Service. The aircraft is operating scheduled operations on behalf of the Thomas Cook Group, operating to locations in Southern Europe and Northern Africa.
October 28, 2014 · 86 Views
For the third quarter 2014, Spirit’s adjusted net income increased 27.6% to $73.9m compared to $57.9m for the third quarter 20131. GAAP net income for the third quarter 2014 was $67.0m compared to $61.10m in the third quarter 2013. For the third quarter 2014, Spirit delivered a record adjusted pre-tax margin of 21.3% compared to 20.3% over the same period in 2013. On a GAAP basis, pre-tax margin for the third quarter 2014 was 19.3% compared to 21.4% in the third quarter 2013. Spirit ended the third quarter 2014 with $588.5m in unrestricted cash.
October 28, 2014 · 123 Views
The International Air Transport Association (IATA) launched its Aviation Cyber Security Toolkit which helps the air transport industry, including airlines, airports and air traffic management, to identify, assess and mitigate, among others, cyber risks in IT infrastructure across their operations. “The aviation industry depends on essential IT infrastructure functioning reliably. While the industry has put in place best practices to protect its IT infrastructure, the threat is ever-evolving. The Aviation Cyber Security Toolkit provides guidance to help airlines and their partners stay one step ahead of those with intent to do harm through cyber-attacks” said Carolina Ramirez, IATA’s Global Director of Aviation Security and Facilitation, at the AVSEC World conference in Washington, DC. The toolkit provides a detailed analysis of the current cyber threats and helps airlines and aviation security stakeholders identify ways to protect their critical IT infrastructures. These include reservation systems, departure control, aircraft maintenance, crew planning and flight management as well as technologies for electronic flight bags, e-enablement of aircraft and air traffic management.
October 28, 2014 · 767 Views
Snecma (Safran) and Max Aerospace signed an agreement on October 21st, 2014 in Delhi, India to create a joint venture called Max Aero Engines Private Limited (MAEPL), which will offer military aircraft engine maintenance, repair and overhaul (MRO) services in India. MAEPL will provide complete engine support solutions, in particular shop-level maintenance and flight line services. More specifically, its main role will be providing maintenance services for the Snecma M53 engines powering the Mirage 2000H “Vajra” fighters, on behalf of the Indian Air Force (IAF), starting in 2015. “For both Snecma and Safran, this joint venture is an excellent opportunity to further cement bonds with India and provide even better service to our Indian customers. By calling on both Max Aerospace’s long experience in aircraft maintenance, and Snecma’s expertise as manufacturer of the M53 engine, MAEPL will deliver world-class local support services to the Indian Air Force.” said Didier Desnoyer, Executive Vice President, Military Engines at Snecma.
KLM set to shed 7,500 jobs two weeks after revealing September’s Air France-KLM pilot’s strike cost the parent airline approximately €500 million
October 28, 2014 · 459 Views
It would have been naïve, if not foolish, not to imagine that there would have been some form of repercussion after the Air France-KLM two-week pilots’ strike in September. Two weeks ago it was announced that the overall cost of the strike was in the region of €500 million, with direct loss of ticket sales amounting to some €350 million and the remainder being the knock-on effect of forward bookings. The year had not been going well for KLM anyway as in July Europe’s second-biggest network carrier by revenue was forced to revise downwards its target for 2014 income prior to interest, tax, depreciation and amortization (EBITDA) from approximately €2.5 billion to somewhere between €2.2 and €2.3 billion. It was stated that overcapacity on long-haul routes and weak cargo demand were mainly responsible for this adjustment. The ensuing strike over the company’s intentions regarding their low-cost airline, Transavia, combined with a warning note on forward demand, did little other than compound the problem.
The reduction in staff by 7,500 accounts for approximately 25% of the workforce, though there will still be employment for many as the nature of operations switches to an outsourced format. The aim of the reduction in the workforce is to cut EUR€4.4 billion (USD$5.6 billion) in outstanding debt simply by reducing certain operating costs. The full announcement is expected to be made at the release of quarterly earnings by parent Air France-KLM on Wednesday. Perhaps it is dangerous to add two and two together, but after this move one can’t help but feel that KLM have fired a shot across the bows of the pilots’ unions to let them know that costly strikes will only result in a reduction on the company’s workforce.
October 28, 2014 · 199 Views
THE BOARD of Monarch Holdings Limited, one of the UK’s leading independent leisure travel groups, reported the completion of its strategic review and restructuring programme under which it has secured £125m of permanent capital and liquidity facilities provided by Greybull Capital LLP (“Greybull”) anchored a £50m capital commitment, with contributions from the Group’s prior shareholders, principally the Mantegazza family. Greybull also acquired 90% ownership interest in Monarch, with the remaining 10% passing to the Group’s defined pension scheme and ultimately the Pension Protection Fund (“PPF”). The Civil Aviation Authority has renewed the Group’s ATOL licence. Greybull is a family office that manages investments in private companies across a diversified range of industry sectors. Greybull will provide significant capital to Monarch in order to grow the Group and build on its long-established heritage and trusted brand name. Under the leadership of new Chief Executive Andrew Swaffield, Monarch has undertaken a comprehensive strategic review of all areas of the business, from operations to ownership and financing. The aim of the review has been to create the optimum structure to realise the significant opportunity to build on Monarch’s respected brand and distinctive offer to its customers in the European scheduled leisure carrier market.
October 28, 2014 · 175 Views
Scandinavian flag-carrier SAS completed a sale and lease back transaction for one 2002 vintage A330-300 aircraft (s/n497) operated by SAS since new, with Florida-based Aviator Capital. In Q1 2015 the aircraft will undergo a front-to-back cabin modification at SR Technics as part of SAS’ make-over of its entire A330/340 wide body fleet. This is the first transaction between the two parties and was arranged by SkyWorks Leasing.
October 28, 2014 · 251 Views
United Technical Operations reported that Joe Ferreira is retiring after 29 years as a leader in aircraft maintenance and technical operations. EWR Hub VP Don Wright will return to Tech Ops to assume Joe’s responsibilities as Vice President of Maintenance. A 26‐year veteran of the company, Don previously was Managing Director of technical operations, responsible for aircraft maintenance operations at our LAX hub and throughout the Asia/Pacific region.
October 29, 2014 · 225 Views
Belgian operator VLM Airlines and Moscow-based aircraft lessor Ilyushin Finance (IFC) have signed a Letter of Intent that will see the airline become the first European operator of the long-range Sukhoi Superjet 100 LR (SSJ100 LR) regional aircraft. VLM Airlines has selected the SSJ100 LR to spearhead the company’s launch of regional scheduled services in 2015, with details of its route network to be announced. Under the terms of the LOI, VLM Airlines will take delivery of two SSJ100 LR aircraft in April 2015 under a 12-year operating lease, with options for two further aircraft. The deal also includes purchase rights for ten aircraft.
October 29, 2014 · 265 Views
MTU Maintenance, one of the leading engine maintenance providers, is celebrating 25 years of engine MRO on IAE’s V2500, the world’s bestselling engine powering the A320 aircraft family. MTU Maintenance’s parent company MTU Aero Engines is part of IAE with a 16% share. It has developed and manufactures various parts of the low pressure turbine. “For MTU, the V2500 has been and will continue to be our most important commercial engine program”, said Dr. Stefan Weingartner, President MTU Maintenance and member of the Executive Board at MTU Aero Engines. “Up until today, more than 6,000 V2500s have been delivered to over 200 customers around the world. The success of this engine also drives considerable revenues in our maintenance and spare parts business. We are very proud of our success and are looking forward to continue our fruitful collaboration with IAE in the future.” Simultaneously with the first V2500 entering into service in 1989, MTU Maintenance started offering overhaul services for the engine at its location in Hannover, Germany. Today, about one third of all shop visits are performed by MTU Maintenance, either in Hannover or at its facility in Zhuhai, China. MTU Maintenance thus ranks number one worldwide for MRO work on this engine type. So far, the company has handled about 3,700 shop visits and serves around 50 V2500 operators and leasing companies around the globe.
October 29, 2014 · 205 Views
Dallas Aeronautical Services (DAS) Brazil announced they are expanding into a new facility in São José dos Campos, Brazil. DAS Brazil will begin operating in the new facility starting in the first half of 2015. A subsidiary of Dallas Aeronautical Services, DAS Brazil specializes in the production, repair and overhaul of composites, structures and assemblies. DAS previously opened an office facility in the Technical Park at São José dos Campos, Universidade Vale do Paraíba (UniVap), which is used as an R&D office and for new project and contract development. The new facility, which is located outside of UniVap Technical Park, will be the actual repair station and will operate under the National Civil Aviation Agency (ANAC) of Brazil. Both projects are being supported by Invest San Paulo and UniVap. The new facility will be utilized to better serve the business aircraft market in South America and will feature two 11’x9’ paint booths, one to be utilized for sanding, the other for painting, one 9’x13’ curing oven and a 16.5’x16.5’ climate controlled modular clean room. Operating in 16,200 ft² of space, the new facility will be located in the Eldorado Centro Commercial e Industrial Business Park. Once the new facility is up and running, DAS will be hiring additional workforce locally, and then training the new employees in both Brazil and in the US.
Already known for their custom work and quick turn times, DAS completed construction of a new facility that allows for expanded capabilities and a 25% increase in employees; all in order to reach their goal of further reducing the turn times they can offer to current and potential customers. Featuring two autoclaves, two state of the art paint booths and new welding certification, DAS opened the doors to their new 50,400 ft² facility during summer 2014. Specializing in the overhaul and repair of composites, thrust reversers and inlets for corporate aircraft, DAS designed their new facility, located in Cedar Hill, TX, to be as efficient as possible. A second new 8’ x 21’ working area autoclave gives DAS increased capacity over their previous facility and allows for oversized tools that are used for larger components, such as Engine Cowls, to be run in multiple loads. In addition, parts requiring different cure temperatures can now run at the same time in separate autoclaves, increasing DAS’ efficiency and reducing turn times.
October 29, 2014 · 273 Views
Hawthorne Global Aviation Services, a leading general aviation services company, released that Thomas Auten has been named General Manager for its Atlanta FBO at Cobb County Airport (KRYY). The Atlanta facility is part of the growing network of Hawthorne FBOs located throughout the United States.
October 29, 2014 · 217 Views
Emirates Airline took delivery of the airline’s 100th 777-300ER (Extended Range), marking another milestone in a partnership that began over two decades ago when the Dubai-based airline ordered its first Boeing 777. With this delivery, Emirates will have 142 777s in operation and is the only airline in the world to operate all the 777 variants. With a current direct backlog of 51 777-300ERs, the 777 also comprises the largest part of Emirates’ 213-strong fleet.
October 29, 2014 · 257 Views
The first A350 XWB for Vietnam Airlines, to be leased from AerCap, has just moved to station 30 at the Roger Béteille Final Assembly Line (FAL) in Toulouse, France. This new milestone marks the completion of some of the major airframe assembly as well as the successful first electrical power-on. In station 30, the aircraft will now undergo ground tests, while the cabin installation initiated in the previous station (station 40) will be continued.
Airbus Defence and Space and Tata Advanced Systems bid for ndian Air Force’s Avro replacement programme
October 29, 2014 · 733 Views
Airbus Defence and Space and Tata Advanced Systems (TASL) have submitted a joint bid to replace the Indian Air Force’s fleet of Avro aircraft with the market-leading Airbus C295 medium transport. The teaming follows a detailed industrial assessment and stringent evaluation of the Indian private aerospace sector by Airbus Defence and Space, which concluded with the selection of Tata Advanced Systems as the Indian Production Agency (IPA) exclusive partner for this prestigious programme. A total of 56 Avro aircraft are to be replaced. In the event of contract award, Airbus Defence and Space will supply the first 16 aircraft in ‘fly-away’ condition from its own final assembly line. The subsequent 40 aircraft will be manufactured and assembled by Tata Advanced Systems in India. This will include undertaking structural assembly, final aircraft assembly, systems integration and testing, and management of the indigenous supply chain.
October 29, 2014 · 193 Views
Heathrow Airport reported strong traffic performance with 55.7 million passengers using Heathrow, growth of 1.5% driven by intercontinental traffic. Revenue was up 8.2% to £1,986m and EBITDA up 12.4% to £1,172m. Heathrow reported the successful transition of 26 airlines to the new £2.5bn Terminal 2: The Queen’s Terminal. John Holland-Kaye, Chief Executive Officer of Heathrow, said: “Heathrow continues to deliver against key targets, with more passengers than ever choosing to use Heathrow and record passenger satisfaction numbers at the UK’s only hub airport. We successfully completed the transition of 26 airlines into Terminal 2: The Queen’s Terminal, with over 40,000 passengers enjoying the world class facility every day. With the Airports Commission launching its national consultation on airport capacity expansion imminently, Heathrow expansion is increasingly being seen as not only the best option to keep Britain at the heart of the global economy, but also as politically deliverable, with growing support from local communities, politicians and businesses across the UK.”
October 29, 2014 · 226 Views
In a matter which started nearly a year ago in November, 2013, Boeing have been cleared of unfair tactics over their dealing with an impending machinists strike over pay and benefits. Back in November 2013 the machinists, who work for Boeing in Seattle, Washington State, were presented with the prospect of a number of non-beneficial changes to their contracts, including a pension freeze and modest pay raise. A vote to accept the offer was rejected 67% to 33%. However 2 months later the unions for machinist District 75 pushed for acceptance of an offer from Boeing based on $1 billion in additional benefits beyond the prior offer, but pension contributions would stop in 2016. The deal also tied in the 31,000 machinists in the Puget Sound area who work at Boeing to an eight-year contract which cannot be renegotiated and with striking ruled out.
What lies behind the recent discussions has been the reason for the volte face of the union. At the beginning of the year over 20 complaints were received that Boeing had been using unfair tactics in order to ‘blackmail’ the machinists into accepting the most recent offer. In the simplest of terms they were advised that 22 other states were keen for Boeing to relocate there and that if the machinists wouldn’t accept the offer from Boeing, then 10,000 jobs in the area would be put in jeopardy. Boeing at the time was intending to build the 777X in Washington State, but in moving construction of the 787 Dreamliner to Carolina State, they had made it perfectly clear they were quite capable of moving construction of the 777X elsewhere too.
Despite the claims that unlawful bargaining took place, it would appear that Boeing were quite within their right to put pressure on the machinists in the way they did and, as a consequence, Boeing will now receive over $8.7 billion in state benefits to ensure that construction of the 777X remains in Washington State.