Friday, December 12, 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.
December 11, 2014 · 476 Views
Air Canada, the largest domestic and international airline in Canada, is the launch customer for Boeing’s new landing gear exchange programs for 777-300ER (Extended Range) and 777-200LR (Longer Range) airframes. Under the agreement, Air Canada will receive fully overhauled and certified landing gear shipsets for its fleet of 17 777-300ERs and six 777-200LRs during scheduled maintenance cycles. The terms of the agreement were not disclosed. Boeing currently provides landing gear overhaul and exchange solutions to more than 80 customers on the MD-11, 717, Next-Generation 737, Boeing Business Jet, 747-400ER, 757-300, 767-300ER and the 777-200ER airframes. With a Boeing global network of repair service centers, airline customers receive certified landing gear support anywhere around the world. Boeing provides quick, reliable access to landing gear repair, exchanges and overhauls, which greatly reduces maintenance time and quickly returns airplanes to revenue service.
December 11, 2014 · 460 Views
Defence and security company Saab has received an order from the Swedish Defence Materiel Administration (FMV) for the extended lease of Gripen from Sweden to the Czech Republic. This agreement provides for the continuing support and upgrade of the Czech aircraft for a further 12 years. The order is valued at approx. SEK 576m. Gripen has been in service with the Czech Republic since 2005. In May 2014 a new agreement between Sweden and the Czech Republic extended this partnership for a further 12 years. As a result, the Czech Republic will continue to operate 14 Gripen C/D aircraft until at least 2027. Under the terms of this government-to-government agreement Saab acts as a supplier to FMV, which in turn provides the aircraft to the Czech Republic.
December 11, 2014 · 99 Views
The Consolidated and Further Continuing Appropriations Act, 2015, introduced in Congress last night, includes important language that paves the way for U.S. Department of Transportation (DOT) approval of Norwegian Air International’s (NAI) foreign air carrier permit application, which has been pending for nearly a year. Congress included significant new language that the Secretary of Transportation is empowered to act on – and approve – Norwegian Air International’s permit application, which is fully consistent with U.S. law and the Open Skies Agreement. The new provision amends a June House amendment from the FY 2015 Transportation, Housing and Urban Development appropriations bill that opponents had hoped would pressure DOT to deny NAI’s application. This provision, once enacted, will eliminate once and for all any perceived barriers constraining DOT from rendering a final, immediate decision on NAI’s application. The language sends a decisive message that DOT should follow the requirements of the Open Skies Agreement and U.S. law to approve NAI’s application without further delay. Congress is expected to consider the bill this week.
December 11, 2014 · 111 Views
Embraer delivered the 1,100th E-Jet production aircraft, yesterday, during a ceremony held in the Aeromexico hangar, at the Benito Juárez International Airport, in Mexico City. The aircraft, an E190 model, is also the 200th aircraft from the E-Jet family flying in Latin America. Aeromexico operates a fleet of 62 Embraer jets through its regional brand, Aeromexico Connect: 27 E190s, six E170s, three E175s, and 26 ERJ 145s. The first delivery of an E -Jet in Latin America occurred in 2005. Currently, eight airlines, from seven countries, operate the E-Jets in the region, where Embraer is the leader in the segment of jets up to 130 seats, with a 70% market share.
December 11, 2014 · 516 Views
AerCap Holdings N.V. (“AerCap”, NYSE: AER) today announced that it has completed an amendment and upsize of its revolving warehouse facility. The non-recourse facility, which was originally put in place in 2006, has been amended to increase the transaction size from $1.6 billion to $2.2 billion and to allow for an additional three year revolving period with a two year term-out period, extending the transaction to December 2019. Credit Suisse acted as lead arranger and structuring agent on the transaction. The facility, which currently finances 29 aircraft, continues to allow for the acquisition of a range of aircraft types, and provides AerCap committed financing and significant flexibility to purchase aircraft. In addition to Credit Suisse, Bank of America Merrill Lynch, Morgan Stanley and ING Bank acted as joint lead arrangers on the transaction. RBC Capital Markets, RBS, Scotiabank, Natixis and Citi acted as co-arrangers. Fifth Third Bank and HSBC were documentation agents. Other lenders include BNP Paribas, Everbank Commercial Finance, Key Corporate Bank, and Siemens. Four new lenders joined the transaction.
December 11, 2014 · 250 Views
It is a remarkable situation Airbus finds itself in with the A380 at the current time. Despite the world’s largest airline, Emirates, being the company’s greatest supporter, the company’s sales for the A380 have faltered. As at the end of November the order book for the aircraft stood at 318 planes ordered (140 by Emirates) of which 147 have been delivered (55 to Emirates) and a further 171 are to be delivered (85 to Emirates). There currently exist only 28 options on the plane. For the first time Airbus have openly admitted to debating the future of the model, which has consequently angered Emirates’ President, Sir Tim Clark.
Airbus’ Finance Director, Harald Wilhelm, indicated on Wednesday of this week that Airbus would break even on the A380 in 2018 “if we would do something on the product, or even if we would discontinue the product.” Clark is perhaps rightly angered over such comments and lack of direction being shown by Airbus considering the investment they have made in the model. Clark made it perfectly clear that Airbus should be working harder to promote the A380 and comments with such a negative slant only make that task more difficult. One option being explored by Airbus is investing in a new engine with Rolls Royce which would see fuel economies of up to 15% achieved from 2020 onwards. As a form of encouragement Clark indicated that if this new engine and improved aerodynamics were to be adopted then Emirates would be happy to order 140 of what would be the A380neo model. However Clark also intimated that if Airbus decided to discontinue the line, Emirates would still hold them to delivery of the planes ordered but Airbus would probably ask Emirates to forego some of its future deliveries. “That is not a conversation I would like to have” commented Clark. Part of his frustration with the line is that, as he put it in an interview with airlineratings.com “Airlines are too conservative and have not put the right interiors into their A380s. Some of the interiors are a disgrace and used 1970s thinking. We put all our premium seats on the upper deck and economy on the main deck, but others have mixed them which is inefficient. Our competitors laughed at us when we put showers and a lounge in the A380. But passengers love the showers and lounge.” “The A380 is a great aircraft. If airlines don’t believe they can fill an A380 then their business model is wrong,” Mr Clark said. “Their marketing is all wrong.” However there are rumours also floating around that part of this reluctance by Airbus to continue with the line is because Amedeo, a dedicated and actively managed widebody aircraft acquisition and leasing platform based in Dublin, Ireland, may well no longer be thinking of placing a firm order for 20 A380s, despite the fact the company’s website still states “As a widebody operating lessor based in Ireland, Amedeo is determined to transform the aviation industry and educate airlines around the world about the benefits of the A380 aircraft. Amedeo secured an equity partnership with a New York-based private equity firm, Pine Brook, for the financing of its A380 order with Airbus, which was announced at the Singapore Airshow in February 2014.
December 11, 2014 · 490 Views
Aircelle (Safran) will produce titanium exhaust systems for the new 777X commercial jetliner, marking the nacelle manufacturer’s first major supplier win with Boeing. These exhaust systems will equip the 777X’s two GE9X turbofan engines from GE Aviation, providing the benefits of lower mass, along with increased resistance to heat with the use of Aircelle processes for titanium high-temperature applications. The exhaust system includes acoustically-treated areas for a reduced noise level signature. Based on its experience and proprietary database, Aircelle has optimized the design and manufacturing processes in metallics for nacelle applications, and developed methods of predicting titanium’s performance in commercial exhaust systems.
December 11, 2014 · 1017 Views
Turbomeca Australasia (Safran) signed a contract with Boeing Defence Australia to support a new training system for the Australian Defence Force (ADF) helicopters. Turbomeca will provide to Royal Australian Navy and Australian Army with a Support By The Hour (SBH) contract for a new fleet of 15 Arrius 2B2-powered EC135 T2 helicopters. These helicopters will be based in HMAS Albatross Nowra, New South Wales, home of the Royal Australian Navy’s Fleet Air Arm. The Helicopter Aircrew Training System (HATS) will train Australian crews for the new generation of advanced combat helicopters such as ARH Tiger, CH-47F Chinook and MRH-90. HATS is the seventh stage (Phase 7) of an Australian Defence Force acquisition program called JP 9000. Through the JP9000 acquisition program, Australia will acquire a large fleet of multi-role Helicopters.The HATS program will expand the training capability and provide rotary wing training outcomes for the Australian Army and Navy.
December 11, 2014 · 646 Views
Steve Harfst has been elected by Allegiant’s board of directors to the post of Chief Operating Officer of Allegiant Air, effective January 1st, 2015. Mr. Harfst has over 27 years industry experience. He was the former Chief Operating Officer for IndiGo Airlines based in New Delhi, India. At IndiGo, he oversaw the airline’s transition from a start-up to 23 A320 aircraft airline in its first three years. In addition to his position at IndiGo, he served as the COO of North American Airlines and CEO and President of USA 3000.
December 12, 2014 · 131 Views
Aeronautical Engineers (AEI), has successfully delivered a third 11 pallet position B737-400SF to Switzerland based, FARNAIR Group. The aircraft is planned to join the South East Asia K-Mile operation as the second aircraft. Built in 1998, the aircraft (MSN 29000) was converted at Commercial Jet’s Dothan, Alabama facility and was delivered on November 28th, 2014. This is the third conversion of a four aircraft agreement. The AEI B737-400SF is the only passenger to freighter conversion product that offers operators ten full height 88” x 125” container positions. This unique capability is achievable due to AEI’s Main Deck Cargo Door location, which is approximately 40” further back than the competition. The additional container position increases AEI’s volumetric carrying capability by 10% which places the freighter in a class by itself.
December 12, 2014 · 559 Views
Avolon announced the pricing of its initial public offering of 13,636,363 common shares at a public offering price of $20.00 per share. The shares are expected to begin trading on the New York Stock Exchange under the symbol “AVOL” on December 12th, 2014. All of the common shares are being offered by the selling shareholders. The selling shareholders have granted the underwriters an option to purchase up to 2,045,454 additional common shares to cover nover-‐allotments, if any. Avolon will not receive any of the proceeds from the offering. The offering is expected to close on December 17th, 2014, subject to customary closing conditions.
December 12, 2014 · 221 Views
As a part of its US$2bn investment to give customers a world-class travel experience, American Airlines will upgrade its regional fleet by adding Gogo inflight wireless services to all two-class regional jets. Nearly 250 of American’s regional aircraft will have inflight wireless Internet service installed by 2016. “We’re investing in a more competitive and consistent customer experience across our regional, domestic and international network,” said Andrew Nocella, American’s chief marketing officer. “Adding inflight Wi-Fi to our two-class regional jets will give our customers what they want – comfort, connectivity and a world-class travel experience. We have new regional aircraft entering our fleet every month, and combined with the amenities and services we’re adding to our existing fleet, American is going to deliver a regional product that’s better than our competitors.” American currently has nearly 850 aircraft with Gogo services and leverages Gogo’s air-to-ground (ATG) service and its next generation ATG-4 technology. Approximately 70 of these 850 aircraft are two-class regional jets.
December 12, 2014 · 712 Views
SAS has secured a Pre-Delivery Payment Financing Facility (PDP Facility) covering a portion of the pre-delivery payments that SAS is making under the aircraft order with Airbus. The PDP Facility covers certain payments in relation to two Airbus A330-300 Enhanced and six Airbus A320NEO aircraft and is structured as a revolving credit facility under which SAS may draw up to US$74m in total, with a maximum of US$54m outstanding at any one time. The loans under the PDP Facility will be repaid upon delivery of each aircraft to SAS. The aircraft will be delivered during the latter part of 2015 through to the early part of 2017. DVB Bank SE is the sole arranger and financier of the facility.
December 12, 2014 · 779 Views
Dr. Stefan Weingartner, Member of the Executive Board of MTU Aero Engines AG and President MTU Maintenance, will leave the company on his own request in order to take on a new professional challenge. Against this background, the Supervisory Board of MTU Aero Engines AG has decided in its meeting today to reduce the Management Board to three Members. The tasks of Weingartner – who will accompany and support the change process – will be transferred to the other Board functions. The responsibility for the locations of MTU Maintenance will be combined in the leadership of Dr. Rainer Martens as Chief Operating Officer. Sales and Marketing of MTU Maintenance will be integrated in the Board function of Programs headed by Michael Schreyoegg. The new structure will become effective at the beginning of 2015.
December 12, 2014 · 675 Views
Alpha Star Aviation Services and AFI KLM E&M signed an amendment to the component support contract covering Alpha Star expansion group’s airbus fleet. The deal was closed during the Middle East Business Aviation (MEBA) 2014 trade show in Dubai. The two partners signed in 2013 an agreement covering support for repairs and access to a spares pool for Alpha Star Aviation Services’ four A320 family aircraft and its A340. In 2014 an additional A320 was delivered and integrated into the fleet of the Saudi VIP key market carrier, which had decided to maintain its trust in AFI KLM E&M as regards component support for the new aircraft. The client has even decided to extend that trust by concurrently extending the scope of the support and increasing the number of components handled, since some 650 part numbers are now covered by the contract.