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Friday, May 10, 2013

AviTrader Daily Aviation News Alert

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Emirates reject Delta’s apology regarding Anderson’s 9/11 comments

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.


Snecma and HAL to create joint venture and build a new production facility in India

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.


Design flaws led to 787 battery fire

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.


Rolls-Royce forced to axe 2,600 jobs after second profit warning this year

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.


Air France-KLM selects GEnx engines for Boeing 787 fleet

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.


ILFC closes $1.5bn senior secured term loan

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.


Airbus Commercial reports another year of financial improvement

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).


Boeing Commercial Airplanes reports full year revenue of $53bn

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.


A350 XWB in Bolivia for high altitude testing

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.


Firefly welcomes first ATR 72-600

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.


GE’s Passport engine begins first full engine test

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.


Rolls-Royce wins order from CIT to power 23 aircraft

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.


HEICO signs definitiv agreement to acquire Reinhold Industries

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.


AAR to name John Fortson as new Chief Financial Officer

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.


United reports April 2013 operational performance

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.


SAS Group’s April 2013 load factor down 6.1 points

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%.


Airbus and Dell OEM Solutions launch Electronic Flight Bag service

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.


EMRISE receives $1.5m electronic devices order for IFE&C Systems

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.


Republic Airways reports April 2013 traffic

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.


Sikorsky to deliver two VIP S-92 helicopters to Turkish National Police

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.


Skyworks arranges sale of one B757-200 aircraft

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.


Rolls-Royce awarded $35m contract to repair US Navy T56 engines

May 9, 2013 · 20 Views

Rolls-Royce has been awarded a $35m contract extension for repair and overhaul of T56 engines on US Navy aircraft. The services contract covers depot-level repair of the T56 Series III engine modules to support fielded P-3 and derivative aircraft, as well as T56-powered C-130 and C-2 aircraft. The repairs will take place at Rolls-Royce Engine Services Oakland, US (RRESO). In addition to T56 repair and overhaul, RRESO services AE 1107C, F405 and M250 engines for other military customers.


GECAS delivers Airbus A320 on purchase and leaseback with Tiger Airways Holdings

May 9, 2013 · 14 Views

GE Capital Aviation Services (GECAS) has delivered a new leased Airbus A320 aircraft to Tiger Airways Singapore to expand the carrier’s fleet. The aircraft is the first of five scheduled for delivery in 2013 as part of a multiple aircraft purchase-and-leaseback transaction with Tiger Airways Holdings.


AMR Corporation reports April 2013 traffic results

May 9, 2013 · 14 Views

AMR reported that consolidated traffic for April 2013 was 1.1% lower year-over-year, on 0.4% more capacity. The consolidated load factor decreased 1.3 points to 81.6% over the same period last year.


Boeing rolls out first 787 Dreamliner at increased production rate

May 9, 2013 · 16 Views

Boeing has rolled out of the factory the first 787 Dreamliner to be built at the increased production rate of seven airplanes per month. The airplane, which rolled out earlier this week, is the 114th 787 to be built overall and the 100th 787 to be built at the Everett, Wash., factory. Boeing’s 787 program is on track to achieve a planned 10 per month rate by year-end. The production rate accounts for airplanes built at the Everett Final Assembly facility, the Everett Temporary Surge Line and Boeing South Carolina. To date, 50 787s have been delivered to eight airlines. The program has more than 800 unfilled orders with 58 customers worldwide.


Bombardier expands maintenance capacity for commercial aircraft in Tucson, Arizona

May 9, 2013 · 21 Views

Bombardier has opened three new lines of maintenance at its Tucson, Arizona aircraft service centre to boost heavy maintenance capacity for Q400 and Q400 NextGen turboprops. The new lines are housed in an existing hangar space on Tucson’s 1,146,901 ft² service centre, complementing existing maintenance capabilities for Q-Series aircraft at Bombardier’s facilities in Bridgeport, West Virginia and Macon, Georgia. Within the past year, Bombardier has secured several long-term heavy maintenance contracts with North American carriers seeking to maximize their operational efficiency. Bombardier’s line and heavy maintenance offering for commercial aircraft is designed to maximize quality and return-to-service speed within a competitive, predictable cost structure. The facilities are backed by Bombardier’s 24/7 technical help desks, in-service engineering teams and support staff deployed around the world.


IAG traffic down 5.6% in April 2013

May 9, 2013 · 6 Views

In April 2013, IAG traffic decreased by 5.6% versus April 2012, while Group capacity was down 2.9%. Group load factor for April was down 2.2 points to 79.2%.


Norwegian reports strong passenger growth in April

May 9, 2013 · 9 Views

Norwegian released that capacity in April was up 40% and traffic was up 36%. The load factor was 73.6%, down 2.2 percentage points.


Bombardier reports first quarter revenues of $4.3bn

May 9, 2013 · 22 Views

Bombardier reported its financial results for the first quarter ended March 31, 2013. Revenues totalled $4.3bn for the first quarter ended March 31, 2013, compared to $3.5bn for the same period last fiscal year. Earnings before financing expense, financing income and income taxes (EBIT) before special items totalled $240m, or 5.5% of revenues, compared to $188m, or 5.4%, for the same period last year. On an adjusted basis, net income amounted to $156m for the first quarter ended March 31, 2013, compared to $150m for the same period the previous year. For the three-month period ended March 31, 2013, free cash flow usage (cash flows from operating activities less net additions to property, plant and equipment and intangible assets) totalled $590m, compared to a usage of $695m for the same period the previous year. Available short-term capital resources of $5.1 billion include cash and cash equivalents of $3.7bn as at March 31, 2013, compared to $4.0bn and $2.6bn respectively as at December 31, 2012. The overall backlog reached $63.0bn as at March 31, 2013, compared to $64.9bn as at December 31, 2012.


Alenia Aermacchi delivers first upgraded Tornado ECR to Italian Air Force

May 9, 2013 · 11 Views

Alenia Aermacchi, in collaboration with BAE Systems and Cassidian, its Panavia consortium partners, has delivered the first upgraded Tornado ECR (Electronic Combat/ Reconnaissance) to the Italian Air Force. Alenia Aermacchi, as technical and program leader, is in the process of upgrading the avionics and systems of 15 Tornado ECR. The Tornado ECR MLU is the upgrade of the ECR version currently in use by the Italian Air Force. Its main function is to localize and suppress hostile air defence radar emitter sources by anti-radar missiles. The aircraft upgrade includes several subsystems and functionality additions as well as modifications to the on-board systems, avionics equipment and mission software.