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Thursday, July 25, 2013

AviTrader Daily Aviation News Alert

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

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.

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

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.

Design flaws led to 787 battery fire

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.

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

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.

Air France-KLM selects GEnx engines for Boeing 787 fleet

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.

ILFC closes $1.5bn senior secured term loan

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.

Airbus Commercial reports another year of financial improvement

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).

Boeing Commercial Airplanes reports full year revenue of $53bn

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.

A350 XWB in Bolivia for high altitude testing

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.

Firefly welcomes first ATR 72-600

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.

GE’s Passport engine begins first full engine test

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.

Rolls-Royce wins order from CIT to power 23 aircraft

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.

Airstream places second DHC-8-Q300 on lease to Island Aviation Services

July 23, 2013 · 23 Views

Airstream International Group has arranged, in collaboration with a large US based Lessor, the dry lease of one DHC-8-Q300 on lease to Island Aviation Services of the Maldives. MSN499 is currently undergoing pre delivery maintenance in Calgary, Canada and is expected to enter service later this year.

GE Capital Aviation Services delivers leased Airbus A321 to Turkey’s Atlasjet

July 23, 2013 · 2 Views

GE Capital Aviation Services (GECAS), announced delivery of a leased Airbus A321 to Turkish airline Atlasjet Havacilik A.S. to help expand the carrier’s fleet. Atlasjet operates a fleet of 15 aircraft to some 20 domestic and international destinations.

New Sales team appointed at Spairliners

July 23, 2013 · 17 Views

Spairliners GmbH, a leading company for Integrated Component Care of the A380 and E-Jet aircraft types, has announced that Fabrice Dumas joined the company as new Head of Sales and Marketing on 01 July. Fabrice Dumas has been working in sales for more than 20 years. He will now be responsible for managing the recently formed sales and marketing team and for maintaining the sales growths of the company.

B/E Aerospace second quarter 2013 results exceed expectations

July 23, 2013 · 22 Views

B/E Aerospace announced second quarter 2013 financial results. Second quarter 2013 revenues of $850.3m increased $82.2m, or 10.7%, as compared with the prior year period. Second quarter 2013 operating earnings were $158.7m, an increase of 15.2%, and operating margin of 18.7% increased 80 basis points as compared to the prior year period. The growth in operating earnings and the improvement in operating margin occurred primarily as a result of operating leverage at the higher revenue level and ongoing operational efficiency initiatives. Second quarter 2013 net earnings and earnings per diluted share were $92.4m and $0.89 per share, increases of 29.8% and 29.0%, respectively, as compared with the prior year period.

Second quarter 2013 commercial aircraft segment (CAS) revenues increased 9.9% while operating earnings of $79.7m increased 14.0% as compared with the prior year period, and operating margin of 18.5% expanded 70 basis points, due to operating leverage at the higher revenue level and ongoing operational efficiency initiatives.

Second quarter 2013 business jet segment (BJS) revenues increased 19.3% while operating earnings of $17.7m increased 42.7% as compared with the prior year period. Operating margin of 16.6% expanded 270 basis points as compared with the prior year period, reflecting the increase in revenues, an improved mix of revenues and ongoing operational efficiency initiatives.

Northrop Grumman delivers center fuselage for Italy’s first F-35 Lightning II

July 23, 2013 · 34 Views

Northrop Grumman delivered the center fuselage for Italy’s first F-35 Lightning II to the newly commissioned Final Assembly and Check Out (FACO) facility at Italy’s Cameri Air Base July 12. This on-time delivery to Lockheed Martin enables the first assembly of an F-35 aircraft at the FACO facility and increases international participation on the F-35 program.

American Airlines continues fleet renewal with delivery of first Airbus A319

July 23, 2013 · 21 Views

Taking the next step forward in creating a more modern, fuel-efficient fleet, American Airlines welcomes its first Airbus A319 aircraft, the first of 260 planned Airbus narrowbody deliveries. American and Airbus celebrated this important milestone with a special delivery ceremony at the Airbus manufacturing facility in Hamburg, Germany.

New Head for British Airways in the Americas

July 23, 2013 · 9 Views

Sean Doyle has been appointed General Manager and EVP for British Airways in the Americas, effective September 1, 2013. He will be responsible for the airline’s extensive commercial business in the USA, Canada, Mexico, South America, the Caribbean and Bermuda. Sean will oversee sales and marketing and will lead the airline’s efforts to grow the successful Atlantic joint business between American Airlines, British Airways, Iberia and Finnair.

First five Merlin Mk 2 helicopters delivered to Royal Navy

July 23, 2013 · 18 Views

AgustaWestland released that the first five AW101 Merlin HM Mk 2 helicopters have been delivered to the Royal Navy’s 824 Naval Air Squadron based at RNAS Culdrose in Southwest England. The delivery of these aircraft, which have been upgraded as part of a £750m AgustaWestland and Lockheed Martin led contract, marks a significant programme milestone for industry, the Royal Navy Fleet Air Arm and the UK Ministry of Defence.

SAA to reduce costs and boost revenue with new A320 fleet

July 23, 2013 · 22 Views

South African Airways (SAA) has taken delivery of its first two A320s out of a total of 20 A320 Family aircraft ordered from Airbus in 2010. The development is set to deliver cost efficiencies and allow SAA to expand its Sub-Sahara regional route network and boost revenue in the rapidly growing market. The airline’s A320s, powered by IAE-V2500 engines, feature a two class cabin layout, seating 24 passengers in business class and 114 in economy. The A320s will replace its present fleet of 737-800s and will augment the A319s it already has in service and mark the latest phase of SAA’s fleet modernization plan.

Boeing completes 737 MAX 8 firm configuration

July 23, 2013 · 25 Views

Boeing has completed the firm configuration of the 737 MAX 8. This milestone marks completion of the major trade studies that define the capabilities of the 737 MAX family. As detailed designs are completed and released, production can begin. Final assembly of the 737 MAX 8 is scheduled to begin in 2015 with first delivery scheduled for the third quarter of 2017. The configuration includes new LEAP-1B engines from CFM International that are optimized for the 737 MAX, a redesigned tail cone and the Boeing designed Advanced Technology Winglet to reduce fuel use. Other changes incorporated include upgrades to the flight deck displays, an electronic bleed air system and fly-by-wire spoiler flight controls.

ITP signs agreement to participate in two new Rolls-Royce programmes

July 23, 2013 · 13 Views

Industria de Turbo Propulsores, S.A. (ITP), and Rolls-Royce have signed an agreement by which ITP will be responsible for the supply of Low Pressure Turbines (LPT) for two new engines: the Trent XWB-97 for the Airbus A350-1000 and the Trent 1000-TEN for all versions of the Boeing 787. In both agreements ITP will participate as a Risk and Revenue Sharing Partner for the life of the programmes, hence extending ITP´s participation to the complete family of Rolls-Royce engines for twin aisle commercial aircraft. Once the new aircraft enter service ITP estimates to have a 50% share in the worldwide market of LPTs for twin aisle aircraft. ITP will be responsible for the Design, Manufacture and Assembly of the Low Pressure Turbine module for both engines. The Low Pressure Turbine Module is one of the main engine modules in modern large turbofans. ITP will perform the complete design of the turbines, including all phases of the design, from conceptual design, to detail design and development utilizing the latest technology In order to produce the cleanest and most efficient turbines. ITP will manufacture all the key components of the turbines in the facilities of the ITP Group utilizing the latest manufacturing technologies and will perform the module assembly in order to supply a complete assembled module to Rolls- Royce, ready to be installed in the engines. These new programmes will generate additional growth in ITP and will require investments in excess of €250m in Research and Development, as well as in industrial facilities to produce the turbines.

MTU Aero Engines revises guidance at half-year

July 24, 2013 · 20 Views

MTU Aero Engines increased its revenues by 19 % to €1,852.2m in the first six months of 2013 (1-6/2012: €1,559.0m). Operating profit for the period came to €171.7m (1-6/2012: €175.8m), which corresponds to an EBIT margin of 9.3 % (1-6/2012: 11.3 %). The group’s net income amounted to €105.1m, compared with €109.7m in the first six months of 2012. “Our commercial series business registered strong growth in the first half year as planned. It is of vital importance to MTU’s future growth, but it initially cushions the earnings development. At present, the spare parts business is unable to fully counterbalance, because sales have been lower than expected in certain programs. Moreover, business in the industrial gas turbine sector is stagnant,” explained Egon Behle, CEO of MTU Aero Engines AG. “We expect to see only a moderate improvement of this trend in the second half of the year and have therefore decided to specify our full-year revenue estimate and to revise our earnings guidance.” MTU now expects to generate revenues of around €3.7bn in 2013, in line with its earlier forecast of an increase of between 10 and 12% (group revenues 2012: €3,378.6m). MTU’s earnings guidance now foresees an operating profit (adjusted EBIT) of around €375m, i.e. on the level of last year (2012: €374.3m), and an adjusted net income of around €235m (2012: €233.4m). Until now, each of these two figures had been expected to increase by 10 to 12%.

TAG Farnborough Engineering named GE Authorized Service Center for CF34-3 engines

July 24, 2013 · 19 Views

GE Aviation has named TAG Farnborough Engineering as an authorized service center for GE’s CF34-3 engines that power the Bombardier Challenger series. Under this agreement, TAG Farnborough Engineering can perform engine line maintenance, as well as provide OnPoint solution agreement and warranty support and facilitate access to both GE parts and technical support. TAG Farnborough Engineering Ltd offers a comprehensive range of engineering and maintenance services for Bombardier, Dassault and Hawker Beechcraft aircraft at TAG Farnborough Airport, located 40 miles from central London.

Apollo Aviation Group promotes Marcus Miller to Business Manager

July 24, 2013 · 23 Views

Apollo Aviation Group, an international full service aviation asset manager, has promoted Marcus Miller from Contracts Manager to Business Manager, responsible for the general management of Apollo Aviation’s Dublin office, headquarters for the firm’s origination activities. Mr. Miller’s role involves overseeing the firm’s financial analysis, credit analysis, consignment analysis and tax teams, all of which report to him.

Frontier Airlines’ newest aircraft features sharklets

July 24, 2013 · 4 Views

Frontier Airlines recently added its newest aircraft to its fleet, an Airbus A320 with sharklets. The sharklets, which are eight foot tall wingtip devices, help save fuel and enhance the overall efficiency of the aircraft. The sharklets are expected to save up to four percent, or up to $400,000 per year in fuel burn by reducing drag while also lowering noise emissions and improving take-off performance.

Alenia Aermacchi delivers first ATR72-600 TMUA to Turkish Navy

July 24, 2013 · 9 Views

Alenia Aermacchi delivered the first ATR72-600 TMUA (Turkish Maritime Utility Aircraft) to the Turkish Navy, the first of a total order of eight ATR72s, which consist of two TMUAs and six ATR72-600 TMPA (Turkish Maritime Patrol Aircraft) maritime patrol and anti-submarine warfare aircraft. Compared to the ATR72-600 basic platform, the two ATR72 TMUA, modified at Alenia Aermacchi’s plants in Napoli-Capodichino and Torino-Caselle, feature new radios; an IFF (Identification Friend or Foe system) and a cabin area equipped with tactical tables and communications equipment for the crew. Both aircraft, to be easily reconfigured into cargo, will be used for utility roles, personnel and cargo logistic transport. The first Turkish Navy flying instructors just completed the training on the new aircraft at Alenia Aermacchi’s Training Centre in Caselle. The second aircraft will be delivered within the first half of August.

Etihad Airways upgrades to V2500 SelectTwo engines

July 24, 2013 · 11 Views

Etihad Airways has signed an agreement with IAE International Aero Engines AG to upgrade the airline’s current and future fleet of 35 V2500 engine-powered Airbus A320 family of aircraft to the V2500 SelectTwo engine standard. The United Arab Emirates flag carrier will purchase 73 V2500 SelectTwo engine upgrade kits, which also makes provision for spare engines. An upgrade option for the V2500 SelectOne engine, the main advantage of SelectTwo is improved fuel burn. Etihad Airways’ President and Chief Executive Officer, James Hogan, said, “The V2500 engine has played an important role in our Airbus A320 type operations, and SelectTwo is the latest example of how IAE strives for new solutions that add value to our fleet, whilst making our fuel-burn more efficient.”

BOC Aviation leases six Embraer E190 aircraft to KLM Cityhopper

July 24, 2013 · 5 Views

BOC Aviation has signed an operating lease agreement with KLM subsidiary KLM Cityhopper for six Embraer E190 aircraft as part of the KLM Group’s programme to replace KLM Cityhopper’s fleet of Fokker 70 aircraft. The E190 aircraft will be delivered between November 2013 and April 2014.

BAE Systems Regional Aircraft offers Jetstream 41 brake maintenance support

July 24, 2013 · 19 Views

BAE Systems Regional Aircraft is now offering brake maintenance support for the Jetstream 41 regional turboprop airliner and has secured its first customer for this new service from Sky Express of Greece. In co-operation with Meggitt Aircraft Braking Systems of Coventry – the Original Equipment Manufacturer – BAE Systems is now able to offer a very competitive fixed price overhaul for Jetstream 41 brakes maintenance with a 30-day turnaround time.

AJW Aviation to manage entire fleet rebrand for AZAL

July 24, 2013 · 11 Views

AJW Aviation has been contracted to carry out the rebranding of Azerbaijan Airline’s entire fleet. The fleet of eighteen aircraft includes A319, A320, B757 and B767, all of which are to undergo rebranding by the end of 2013 to meet the airline’s operational deadline. AJW has already delivered the first A320 aircraft in the new livery, and a second is currently under-going the rebranding work. AJW has selected Eirtech Aviation to carry out the painting of the aircraft.

Delta Air Lines announces June quarter profit

July 24, 2013 · 10 Views

Delta’s net profit for the June 2013 quarter was $844m, excluding special items. This result is a record June quarter profit excluding special items and is a $258m improvement year-over-year. Including $159m in special items, Delta’s GAAP net income was $685m. The company announced a balanced capital deployment plan, targeted at creating up to $5bn of value for shareholders by 2017 through further debt reduction and the return of more than $1bn to shareholders over the next three years by means of $200m of annual dividends and a $500m share repurchase program. June quarter results include $118m of profit sharing expense in recognition of Delta employees’ contributions to the company’s financial performance. Delta generated $1.3bn of operating cash flow and $730m of free cash flow in the June 2013 quarter, and ended the period with adjusted net debt of $10.2 billion.

Boeing reports strong second-quarter results and raises 2013 EPS guidance

July 24, 2013 · 20 Views

Boeing reported that second-quarter core earnings per share (non-GAAP) increased 13% to $1.67, driven by strong performance across the company’s businesses. Second-quarter core operating earnings (non-GAAP) also increased 13% to $2.0bn from the same period of the prior year. Second-quarter revenue was $21.8bn, GAAP earnings from operations was $1.7bn and earnings per share was $1.41. Core earnings per share guidance increased to between $6.20 and $6.40 and GAAP earnings per share guidance increased to between $5.10 and $5.30, reflecting the strong performance. The company also increased its revenue guidance to between $83 and $86bn on higher Defense, Space & Security revenues, and reaffirmed its 2013 operating cash flow outlook.

AAR sources and modifies 2 Boeing 737s for U.S. Marshals Service

July 24, 2013 · 7 Views

AAR reported that the U.S. Marshals Service has signed a purchase commitment for two Boeing 737-400 aircraft for delivery in September. In addition to sourcing the aircraft, AAR will provide airframe and landing gear overhaul, aircraft painting and interior reconfiguration. AAR recently delivered two similar aircraft to the Colombian Air Force as part of a cost-effective program that included the conversion of the aircraft for cargo transport and the supply of custom seat pallets. The program demonstrates AAR’s wide range of capabilities, which the Company combines to create custom-tailored solutions for its commercial, federal civilian government, and defense customers.

Transat A.T. announces agreement to lease four Boeing B737-800s and to renew the leases of six Airbus A330s

July 24, 2013 · 8 Views

Transat A.T. reported the signing of an agreement with ILFC for the long-term (eight-year) leasing of four Boeing B737-800 aircraft. These planes will be introduced in summer 2014 and become the core of Air Transat’s permanent narrow-body fleet. They will be used on sun-destination routes to Mexico, the Caribbean and Florida. The agreement also includes the renewal through 2020 and 2021 of the leases on six Airbus A330 aircraft—three A330-200s and A330-300s—with improved terms. The three long-range A330-200s were originally to be phased out of the fleet. Transat and ILFC, however, reached an agreement that will enable Transat to achieve its objective of reducing costs, and that, in the case of these aircraft, will prove more advantageous than the seasonal subcontracting arrangement originally envisioned.

US Airways reports record second quarter profit

July 24, 2013 · 9 Views

US Airways Group reported its second quarter 2013 financial results. For the second quarter 2013, pretax profit excluding net special items was $409m, the highest in Company history. Net profit excluding net special items was a record $324m. Net profit excluding net special items for the second quarter 2012 was $321m. The Company’s 2013 second quarter net profit excluding net special items was negatively impacted by a non-cash provision for income tax of $85m. There was no provision for income tax recorded in 2012. On a GAAP basis, the Company reported a net profit of $287m for its second quarter 2013. This compares to a net profit of $306m for the same period in 2012. The Company’s 2013 second quarter net profit was negatively impacted by a non-cash provision for income tax of $67m.