Thursday, May 09, 2013
AviTrader Daily Aviation News Alert
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February 20, 2015 · 556 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 · 655 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 · 197 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 · 164 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 · 113 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 · 80 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 · 80 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 · 76 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 · 67 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 · 66 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 · 42 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 · 55 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.
May 7, 2013 · 9 Views
AFI KLM E&M and Afriqiyah Airways have signed an agreement covering support for the CF680E1 engines equipping the Libyan flag carrier’s two A330-200s. This exclusive, longterm contract is for “Time & Materials” engine repairs. Afriqiyah Airways will shortly be taking delivery of three new A330-200s, the first by the end of this year, and the other two in 2014, and these will be automatically included in the scope of the contract.
May 7, 2013 · 2 Views
Eurocopter’s EC135 will perform medical airlift duties throughout Turkey with a fleet of 17 helicopters to be flown by the Turkish Aeronautical Association’s THK Gökçen Aviation commercial arm, marking the latest major contract win for this twin-engine rotorcraft in the international emergency medical services (EMS) marketplace. Operations are to begin this August with an initial five EC135s, followed by a build-up to the full complement of 17 rotary-wing aircraft. The EC135 was selected for these life-critical services by the team of THK Gökçen Aviation and Saran Holding – which won a five-year air ambulance service tender from the Turkish Ministry of Health.
May 7, 2013 · 11 Views
GA Telesis and Finnair have signed an agreement, whereby GA Telesis will acquire a part of Finnair’s Engine Services and employ 80 engine services professionals from Finnair’s Engine Services. The deal comprises of the sale of tools and the transfer of the personnel to GA Telesis Engine Services Oy. GA Telesis Engine Service Oy will rent their facilities from Finnair Facilities Management. GA Telesis Engine Services (GATES) will begin operations at Helsinki Airport, offering repair and overhaul of General Electric CF6-80C2, CFM International CFM56-5B and -5C, and Pratt & Whitney PW2000 jet engines. GATES is the only operation of its kind with direct trucking routes to the Russian and Eastern-European markets. Basil Papayoti, an industry veteran with 25 years of direct commercial airline maintenance experience, has been appointed new President of GATES.
May 7, 2013 · 12 Views
GE Aviation and New Zealand air navigation service provider Airways New Zealand completed the redesign of the Queenstown airspace that more than doubles hourly airport capacity. The cornerstone of the project is the new Required Navigation Performance (RNP) flight paths that enable concurrent arrivals and departures at the airport. The accuracy of the RNP paths allows air traffic control to confidently manage up to 12 aircraft per hour, compared to five with previous procedures. Controllers can now monitor arrivals and departures as opposed to continuously providing tactical separation.
328 delivers in Nigeria – SkyBird Air receives final aircraft, whilst SpringChild Investments takes two
May 7, 2013 · 5 Views
German-based completions and refurbishment company 328 Support GmbH, delivered the final aircraft in a series of three Dornier 328 jet conversions (MSN 3141) to Nigerian charter company SkyBird Air in early April. The Lagos based company, which was a new African customer for 328, accepted the refurbished 32 seat 328 Jet aircraft at 328’s facilities in Oberpfaffenhofen, Germany. The latest delivery completes a contract worth over €14m in total, which saw recently rebranded 328 refurbish three Dornier 328 aircraft into two 32-seat passenger airliner conversions and a VIP configured 328DBJ TM last year. The SkyBird Air fleet now consists of Dornier Jets with serial numbers 3120, 3141 and 3151.
In April 328 was also contracted to deliver a Dornier conversion, to SpringChild Investments, a Lagos based privately owned business. In a first for Dornier 328 conversions, the configuration of MSN 3200 will boast four forward facing business class seats at the front of the aircraft, complemented by a further 23 seats in an economy format in the aft cabin. The four business seats have been engineered to slide away from each other after take-off so improving passenger comfort once the aircraft is in flight. The interior conversion and modifications of MSN 3200 will be completed by 328 at its Oberpfaffenhofen headquarters. SpringChild Investments will have the external paint work on another Dornier 328 (MSN 3221) completed at sister company JETS Bournemouth in the UK demonstrating the integrated offering the restructured 328 Group companies can offer. This aircraft is due to be commenced in late May for delivery in early June 2013.
May 7, 2013 · 8 Views
BOC Aviationn successfully priced a US$150m re-opening of the existing US$350m 4.375% Senior Unsecured Notes due May 2023 (the “Notes”), to tap into unfilled investor demand. The re-opened issuance was more than six times subscribed with orders exceeding US$900m. Carrying the same coupon rate of 4.375% per annum and the same maturity date of 2 May 2023 as the existing bonds, the additional US$150m in new Notes were priced to yield 4.265% p.a. with a spread of 263 basis points p.a. over 10-year Treasury notes, with interest payable semi-annually in arrears. Following the re-opening , the new total deal size for the Notes will be US$500m. The additional Notes were arranged by BOC International and HSBC as joint bookrunners. Settlement will be 10 May 2013, subject to the satisfaction of customary closing conditions.
May 7, 2013 · 25 Views
MROmarketplace.com released that Asher Ben Basat, former President of Commodore Aviation Inc. in Miami, Florida has accepted the position of Senior Vice President, Technical Operations at MRO Exchange LLC, the owner and operator of MROmarketplace.com, the aviation industry’s first online marketplace for the procurement of maintenance, repair and overhaul projects.
May 7, 2013 · 19 Views
WestJet announced April 2013 traffic results with a load factor of 82.7%, down 3.5 points compared to the previous year. Traffic increased 3.2% year over year, and capacity was 7.4% higher over the same period.
May 7, 2013 · 3 Views
Airstream International Group has arranged the sale of five B737-500 aircraft. The aircraft have been acquired from Royal Air Maroc by Vx Capital Partners, a US based private investment firm. The aircraft, msn 25317, 26525, 26527, 27679 and 27680 were the last five remaining B737-500’s in the RAM fleet being remarketed by Airstream. These sales form part of Royal Air Maroc’s fleet harmonisation programme to phase out the B737 classic, replacing with modern Next Generation aircraft. Airstream has had a very successful start to 2013 having concluded the sale of nine aircraft since the start of the year.
May 7, 2013 · 9 Views
WestJet announced its first quarter results for 2013. The airline reported record net earnings of $91.1m, up from the net earnings of $68.3 million reported in the first quarter of 2012. These results mark WestJet’s 32nd consecutive quarter of profitability. Based on the trailing twelve months, the airline achieved a return on invested capital of 14.3%, up from the 13.7% reported in the previous quarter.
May 7, 2013 · 19 Views
WestJet has entered into an agreement with a third party under which WestJet will sell 10 of its oldest Boeing Next-Generation 737-700 aircraft to that party in 2014 and 2015, and concurrently entered an agreement with Boeing to purchase 10 Boeing Next-Generation 737-800 aircraft in 2014 and 2015, effectively reducing the average age of WestJet’s fleet by approximately one year. WestJet has deferred the delivery of five Boeing Next-Generation 737-700 aircraft from 2014 and 2015 to 2016 and 2017. “These agreements are part of our strategy to optimize and modernize our fleet mix, which will improve CASM, while maintaining fleet flexibility going forward,” added Gregg Saretsky.
May 7, 2013 · 15 Views
GE Aviation received firm orders for more than 200 CF34 engines from customers since December 2012. Orders include 47 firm orders and 47 options for CF34-powered E175 aircraft from Republic Airways (January), five CF34-powered Embraer E175 and 15 CF34-powered E175 aircraft from Aldus Aviation (January), 40 firm orders and 30 options for CF34-powered Bombardier CRJ900 Next-Gen Aircraft from Delta (December) and two CF34-powered E175 aircraft from Fuji Dream Airlines of Japan (December). “2013 will be a strong year for CF34 engine orders as several North American regional jet operators are expected to make fleet renewal decisions,” said Allen Paxson, general manager of the CF34 Engine Program at GE Aviation. GE has delivered more than 5,700 CF34 engines since it entered service in 1992. The CF34 engine is in service with 200 operators in more than 70 countries. The engines have accumulated more than 92 million flight hours and 75 million cycles on Bombardier CRJ and Embraer E-Jet aircraft, and they have set the standard for dispatch reliability of 99.95%.
May 7, 2013 · 7 Views
Southwest Airlines released that traffic in April 2013 increased 1.5% compared to April 2012, while capacity increased 4.1%. The April 2013 load factor was 77.8%, compared to 79.8% in April 2012.
May 8, 2013 · 10 Views
HEICO Corporation has entered into a definitive agreement to acquire Reinhold Industries from certain affiliates of The Jordan Company, L.P., a New York-based investment firm, and Reinhold management. Reinhold will be part of HEICO’s Flight Support Group. Financial details were not disclosed, but HEICO stated that it expects the acquisition to be accretive to its earnings per share within the first twelve months following closing. The acquisition is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Anti-Trust Improvements Act. The Company stated that it expects the acquisition to close within the next 45 days. Santa Fe Springs, CA-based Reinhold is a leading manufacturer of advanced niche components and complex composite assemblies for commercial aviation, defense and space applications. A majority of Reinhold’s revenue is derived from the design, manufacture and sale of commercial aircraft components, such as its unique composite seatbacks and related components used in a large number of airliner seats. Reinhold also generates a substantial portion of its sales from defense activities, principally those related to currently-fielded missile defense systems, such as the Patriot-2, Standard Missile and GMD programs.
May 8, 2013 · 21 Views
AAR released that John Fortson will join the Company on July 1, 2013, as Vice President of Finance. Fortson will then become Vice President, Chief Financial Officer and Treasurer on July 19, 2013, or as soon as possible following the filing of the Company’s Form 10-K for its fiscal year ending May 31, 2013. Mr. Fortson joins the Company from Bank of America Merrill Lynch, where he held the position of Managing Director, Investment Banking.
May 8, 2013 · 12 Views
UAL’s April 2013 consolidated traffic decreased 3.8% and consolidated capacity decreased 2.6% versus April 2012. UAL’s April 2013 consolidated load factor decreased 1.0 point to 81.7% compared to April 2012.
May 8, 2013 · 13 Views
SAS Group’s capacity was up by 10.4% in April 2013 and the Group’s traffic increased by 1.5% compared to the same period in 2012. The SAS Group’s load factor decreased by 6.1 points to 69.5%.
May 8, 2013 · 16 Views
Dell OEM Solutions has partnered with Airbus to support A320 Family airliner operators worldwide by providing an end-to-end Electronic Flight Bag (EFB) solution supported by Dell Latitude solutions. Dell laptops, which adhere to strict regulatory standards, will be pre-loaded with FlySmart with Airbus software and installed as Class-2 EFB equipment. This EFB approach eliminates the need to carry paper based flight documentation while digitizing information in a way that supports local specifications. This initial announcement will cover EFB Class-2 solutions for Airbus’ single-aisle aircraft, though the agreement includes scope to extend application to other aircraft types.
May 8, 2013 · 8 Views
EMRISE CORPORATION, a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, has received a $1.5m order for electronic devices and subsystems to be used in In-Flight Entertainment and Connectivity (IFE&C) systems to be installed in commercial aircraft. The order, which was received from a longstanding customer by the Company’s Pascall Electronics Ltd. subsidiary in England, is expected to begin shipping in the fourth quarter of this year with shipments expected to be completed by the end of 2014.
May 8, 2013 · 8 Views
Republic Airways reported preliminary passenger traffic results for April 2013. The Company reported that traffic decreased 7% from April 2012, on a 7% reduction in capacity. Consolidated load factor increased one point to 81% from April 2012.
May 8, 2013 · 9 Views
Sikorsky Aircraft Corp. signed a contract to provide two VIP S-92 helicopters to the Turkish National Police (TNP) for service to the Turkish Prime Ministry. The new helicopters will support the Head of State function currently served by one S-92 helicopter operated by the TNP since 2005. The two S-92 helicopters will join a robust fleet of more than 140 Sikorsky products operating in Turkey including well over 100 Black Hawk helicopters. Sikorsky’s medium commercial helicopter, the S-76, also is operating in country.
May 8, 2013 · 20 Views
U.S. Bank Trust National Association, not in its individual capacity but solely as Owner Trustee, has sold one B757-200 aircraft (24622), previously leased to United Air Lines, to Aeroturbine. SkyWorks Leasing assisted U.S Bank in connection with the lease return and arranged the sale of the aircraft.
FL Technics and Airline Component Services will establish Boeing 737 NG components stock at London Heathrow
May 8, 2013 · 13 Views
FL Technics, a global provider of integrated aircraft maintenance, repair and overhaul services, and Airline Component Services, an international company, specializing in supply and supply management of aircraft structural components, announced the signing of a three-year consignment agreement. According to the agreement, the parties will establish a new Boeing 737 NG components stock worth $4m at London Heathrow Airport. Under the newly established partnership, FL Technics will supply Airline Component Services with Boeing 737 600/700/800/900 flying controls, flaps, ailerons, doors, as well as other airframe structural components. In order to ensure prompt availability and effective logistics, the provided parts will be stored at Airline Component Services facilities near London Heathrow Airport. The components will be available for exchange, loan and outright sale. Further to the agreement, FL Technics will promote and market Airline Component Services’ stock of flying control parts for Airbus A320 and Boeing 737 CL for airlines, MROs and other clients in Eastern Europe.