Wednesday, September 25, 2013
AviTrader Daily Aviation News Alert
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February 20, 2015 · 542 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 · 640 Views
Snecma (Safran), a leading manufacturer of aircraft engines, and Hindustan Aeronautics (HAL), a leading aerospace manufacturer, signed a Memorandum of Understanding (MoU) on January 28th, 2015 in Bangalore to explore establishing a joint venture in India for the production of aero-engine parts. The proposed joint venture will initially focus on the manufacture of high-tech parts for the Dassault Rafale’s Snecma M88 engine, then subsequently contribute to other major aerospace projects of HAL & Snecma, in India and worldwide. Spanning over 30,000 m², the proposed joint venture’s new plant is expected to benefit from substantial investment by the two partners, providing it with state-of-the-art machinery and equipment. This agreement marks a major step forward in the long-standing collaboration between Snecma and HAL. The proposed joint venture will further broaden the scope of the excellent relations established over the past 60 years between Safran affiliates and the Indian aerospace industry. For example, Snecma manufactures the M53 engines powering the Mirage 2000H “Vajra” fighters operated by the Indian Air Force.
December 2, 2014 · 195 Views
On the 7th January 2013 a fire was reported on board a Boeing 787 Dreamliner while parked at Boston’s airport in the USA. The fire was put down to a problem with one of the plane’s lithium-ion batteries. A week later an All Nippon Airways 787 Dreamliner had to make an emergency landing after smoke was discovered inside the plane which was subsequently traced back to another lithium-ion battery. As a consequence of this incident, all 787 Dreamliners were grounded until April of that year until further acceptable testing and improvements were carried out to the battery system on board the plane. The battery itself was manufactured by GS Yuasa and comprised eight individual cells making up a combined weight of 63lbs.
Nearly two years later and the results of the investigation into the first incident have concluded that the lithium-ion battery installed in the plane should not have received certification by the FAA. The National Transport Safety Board (NTSB) were also critical of Boeing who they believed had erroneously ruled out the chances of thermal runaway in its assessment of the battery’s safety. Boeing’s battery tests to obtain original certification included crushing battery cells, driving nails through them and deliberately introducing short circuits to cause failure. Boeing found “nothing adverse happened” while these tests were carried out, and so deemed the battery’s box and internal protection to be of an acceptable standard. Boeing stated that it had followed the certification process set out by the FAA. It would seem that while the cause of the fire has been clearly identified, responsibility for its occurrence has not been accepted in full by anyone.
November 5, 2014 · 162 Views
Back in February this year, Rolls-Royce, the FTSE-100 engine maker, lost over £3bn of its value after shocking the market with its first profits warning in a decade. To announce a second one this October has created considerable concern and Rolls-Royce has decided that over the next 18 months they need to reduce costs by up to £80m a year by axing 2,600 jobs, the majority of which will be in the aerospace sector in Britain and the United States. The focus is on Rolls-Royce’s key Trent engines as they move from the development to the production phase, which consequently requires fewer engineers.
Back in February John Rishton, Rolls-Royce group’s Chief Executive, had admitted that the future was “bumpier than I had expected”, while blaming the current problems on deteriorating economic conditions and a tit-for-tat trade war between the EU and Russia over the Ukrainian crisis which had affected its nuclear and energy business as well as its power-systems unit. This week Rishton has had to admit that “We are taking determined management action and accelerating our progress on cost. The measures announced today will not be the last; however they will contribute towards Rolls-Royce becoming a stronger and more profitable company.”
Another consequence of the situation is the unexpected departure of Finance Director, Mark Morris, leaving the company after 27 year without any explanation. He will be replaced by David Smith, who is being promoted from Finance Director of the Rolls-Royce Aerospace division. This second profit warning saw share value fall 11% to 832p, wiping a further £2bn off the company’s value. However, news of the redundancies was well received by investors and the share price rallied by 2%, currently standing at 832p. This is clear confirmation of comments made by Espirito Santo’s analyst, Ed Stacey, who indicated that investors would be expecting a clear message from the new Finance Director and tight control on all finances.
March 25, 2014 · 111 Views
Air France-KLM selected the GEnx-1B engine to power its 25 Boeing 787 Dreamliners and 12 leased 787 aircraft. The total engine order is valued at more than $1.7bn. Air France-KLM and GE Aviation have also signed an agreement that will allow Air France-KLM to offer maintenance, repair and overhaul (MRO) services for the GEnx-1B engine. Under this agreement, Air France-KLM will be licensed to perform maintenance and overhaul work on the GEnx-1B engine and GE will provide technical support and assistance on overhaul workscoping and component repair licenses, comprehensive material support and training.
March 7, 2014 · 78 Views
International Lease Finance Corporation (ILFC) has closed a new senior secured term loan of $1.5 billion. The loan will bear interest at LIBOR plus 275 basis points with a 0.75% LIBOR floor, is priced at 99.5% of par value, and will mature in 2021. The collateral used to support the transaction has an initial weighted average age of 9.1 years. It will be secured primarily by a first priority-perfected lien on the equity of certain of ILFC’s subsidiaries, which directly or indirectly own a pool of aircraft and related leases. ILFC plans to use the proceeds for general corporate purposes, including purchasing aircraft and supporting the company’s liquidity cushion.
February 26, 2014 · 78 Views
In 2013, Airbus achieved a new industry record of 1,619 gross commercial orders (FY 2012: 914 gross orders) with net orders of 1,503 aircraft (FY 2012: 833 net orders), excluding ATR. Gross orders comprised 1,253 A320 Family aircraft, 77 A330s, 239 A350 XWBs and 50 A380s. Fourth-quarter orders included Emirates Airline’s agreement for 50 A380s and Etihad Airways’ order for 50 A350 XWBs, 36 A320neos and one A330-200F. Airbus Military (now part of Airbus Defence and Space) received 17 net orders (FY 2012: 32 net orders). Airbus’ net order intake increased sharply to €202.3bn (FY 2012: €88.9bn). At the end of 2013, Airbus’ consolidated order book was valued at €647.4bn (year-end 2012: €525.5bn). The Airbus Commercial backlog was worth €627.1bn (year-end 2012: €505.3bn), comprising 5,559 Airbus aircraft (year-end 2012: 4,682 units) and representing over eight years of production. Airbus Military’s order book was worth €20.8bn (year-end 2012: €21.1bn). Airbus series aircraft deliveries increased to 626 aircraft (FY 2012: 588 aircraft, including three A330s without revenue recognition). Airbus Military delivered 31 aircraft (FY 2012: 29 aircraft). Airbus’ consolidated revenues increased seven percent to €42,012m (FY 2012: €39,273m), reflecting higher commercial and military aircraft deliveries. The Division’s consolidated EBIT rose to €1,710m (FY 2012: €1,252m). Airbus Commercial’s revenues rose to €39,889m (FY 2012: €37,624m). The Airbus Commercial reported EBIT was €1,595m (FY 2012: €1,147m) with the EBIT before one-off at €2,216m (FY 2012: €1,669m). Airbus Commercial’s EBIT before one-off benefitted from the improved operational performance, including favourable volume, some better pricing and an improvement in A380 losses. It also included higher A350 XWB programme support costs. Revenues at Airbus Military rose to €2,893m (FY 2012: €2,131m), driven by the A400M ramp-up and higher volumes from both light and medium transport planes and tankers. The EBIT at Airbus Military was €166m (FY 2012: €93m).
January 29, 2014 · 74 Views
Boeing Commercial Airplanes fourth-quarter revenue increased to $14.7bn and full-year revenue increased to a record $53bn on higher delivery volume. Fourth-quarter operating margin improved to 10.3% and full-year operating margin grew to 10.9% on the higher volume, favorable delivery mix and continued strong operating performance. During the quarter, the company launched the 777X with 259 orders and commitments. During the year, the 787 program completed first flight of the 787-9, successfully launched the 787-10 and began operating at a 10 per month production rate in final assembly. The 737 program delivered at a record production rate of 38 per month and has won nearly 1,800 firm orders for the 737 MAX since launch. In 2013, a record 648 commercial aircraft were delivered. In January 2014, the company reached an eight-year contract extension through 2024 with the International Association of Machinists & Aerospace Workers District 751 (IAM). Commercial Airplanes booked 465 net orders during the quarter and 1,355 during the year. Backlog remains strong with 5,080 airplanes valued at a record $374 billion.
January 9, 2014 · 65 Views
The A350 XWB development aircraft, MSN3, is in Bolivia where it will perform a series of tests at the high altitude airfields of Cochabamba and La Paz. Cochabamba is around 8,300 feet above sea level, and La Paz is one of the world’s highest airports at 13,300 feet. Operations at such high altitude airfields are particularly demanding on aircraft engines, Auxiliary Power Unit (APU) and systems. The aim of these trials is to demonstrate and validate the full functionality of engines, systems, materials as well as to assess the overall aircraft behaviour under these extreme conditions. A number of take-offs with all engines operating and with simulated engine failures are being performed at each of the airfields to collect data on engine operating characteristics and validate the aircraft take-off performance. The autopilot behaviour will also be evaluated during automatic landings and go-arounds. Since the A350 XWB’s first flight with MSN1 on June 14th 2013, over 800 flight test hours have been performed in close to 200 test flights by both MSN1 and MSN3. In total the A350 XWB flight test campaign will accumulate around 2,500 flight hours with the fleet of five aircraft. The rigorous flight testing will lead to the certification of the A350-900 by the European EASA and US FAA airworthiness authorities, prior to entry into service in Q4 2014.
July 5, 2013 · 64 Views
Firefly, Malaysia Airlines’ subsidiary carrier has taken ownership of its first brand-new ATR 72-600. The aircraft is the first of 20 latest generation firm ATRs, plus 16 options, ordered by Malaysia Airlines in December 2012. Firefly currently operates 12 ATR 72-500s, and with the arrival of the new ATR 72-600s will almost triple its exclusively ATR 72 aircraft fleet, taking the total to over 30 aircraft.
June 26, 2013 · 40 Views
Certification testing is underway on the first Passport development engine at GE Aviation’s Peebles Testing Operation in Ohio. The engine began ground testing on June 24th and ran for more than three hours, reaching more than 18,000 lbs. of standard day sea-level takeoff thrust. Eight Passport engines and one core will be involved in the engine certification program. Flight testing on GE’s flying testbed is scheduled for 2014. Engine certification is expected in 2015. The Passport engine certification program follows three years of validation testing. GE Aviation has conducted validation tests on the fan blisk design, including two fan blade-out rig tests, ingestion tests and a fan aero rig test to demonstrate fan efficiency. Testing is complete on the third eCore demonstrator, and GE has accumulated more than 300 hours of testing on eCore demonstrators to date.
May 22, 2013 · 53 Views
Rolls-Royce has won an order from US leasing company CIT Aerospace for Trent XWB engines, to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft. The Trent XWB engines will power ten CIT A350 aircraft that were announced in January 2013 which were in addition to five A350 XWB aircraft already on order. The Trent XWB, specifically designed for the Airbus A350, is the fastest selling Trent engine ever, with more than 1,200 already sold. The engine variant that will power the A350-800 and -900 was awarded European Aviation Safety Agency (EASA) type certification in February. The engine will power the first flight of the Airbus A350 XWB this year and the aircraft’s first in-service flight in 2014.
September 23, 2013 · 25 Views
Beginning in 2014, Eurocopter will install the necessary industrial capabilities to upgrade the American Eurocopter plant in Columbus, Mississippi, to a final assembly and test site for Eurocopter AS350 helicopters, the top-selling civil helicopter in the U.S. market. The plan was developed with two main objectives in mind: First, as a way to offset the impact of the reduction in local production of UH-72A Lakota helicopters and second, to help provide a boost to sales in the U.S. market, especially with government and law enforcement agencies. “North America is the largest light helicopter market in the world for Eurocopter, and this new assembly line supports our industrial strategy by manufacturing the preferred AS350 ‘Made in the USA’ in close proximity to our customers,” said Joseph Saporito, Executive Vice President of the Global Supply Chain for Eurocopter. “This decision further supports our investments that have developed reliable and efficient local industrial capabilities in a market with strong expected growth. ”The plan calls for the Columbus plant to become a final AS350 assembly and test site using parts produced by Eurocopter and its suppliers, in addition to the continued production and retrofit of UH-72A Lakotas for the U.S. Army, other federal agencies and foreign military customers.
September 23, 2013 · 19 Views
Eirtech Aviation has expanded its global footprint, with the announcement it will begin painting aircraft in the former Alitalia Paint hanger at Rome’s Fiumicino Airport. The company, which is based at Shannon Airport in Ireland, is a leading aviation services provider with operations in Shannon, Dublin, the Czech Republic, Dubai and now Italy. The state-of-the-art hanger, which is used for the painting of wide-body aircraft, boasts four magic carpet platforms, suspended from the ceiling. The magic carpets facilitate the preparation and painting of an aircraft without the need for docking, helping to reduce the time taken to prepare aircraft for painting. The Rome facility brings Eirtech Aviation’s number of dedicated aircraft painting locations to four, with over 20,000 qm² of hangarage.
September 23, 2013 · 20 Views
Airstream International Group has arranged the sale of five DHC-8-Q300 aircraft. The aircraft have been acquired from Caribbean Airlines by a US based investor. One of the five aircraft, serial number 487, was originally sold to Caribbean Airlines by Austrian Airlines in a transaction arranged by Airstream in 2002. Airstream has had a very successful 2013 having already sold or placed on lease fourteen aircraft.
September 23, 2013 · 21 Views
AMR Corporation, the parent company of American Airlines and US Airways Group have each agreed to extend the outside date at which either party may terminate the previously announced Agreement and Plan of Merger (the Merger Agreement), in light of the trial schedule surrounding litigation with U.S. Department of Justice. In a joint statement, Tom Horton, chairman, president and CEO of AMR, and Doug Parker, chairman and CEO of US Airways, said, “The Boards and management teams of AMR and US Airways remain committed to completing this combination to create the new American, and the extension of this outside date is a reflection of this commitment. Our focus is on mounting a vigorous defense and winning our court case so the new American can enhance competition, provide better service to our customers and create more opportunities for our employees.” The amended Merger Agreement extends the date on which either AMR or US Airways may terminate the Merger Agreement from December 17, 2013 to the later of January 18, 2014, or, if the Court enters an order on or before January 17, 2014 in favor of American and US Airways, on the 15th day following the entry of such order. In the event of an unfavorable ruling by the Court, AMR or US Airways may terminate the merger agreement five days after the Court enters a final, but appealable, order permanently enjoining the merger.
September 23, 2013 · 26 Views
Jet Asia Airways has accepted delivery of its fifth Boeing 767-200ER series aircraft, registered HS-JAF at its main base in Bangkok Suvarnabhumi Intl Airport. The aircraft completed a C — Check at Boeing Shanghai’s maintenance facility at Pudong Int’l Airport. The delivery of the aircraft, configured with 235 economy class seats is line with Jet Asia’s expansion plans which requires increased frequencies to China and continued services to South Korea and Japan. Delivery of the company’s sixth aircraft, its first Boeing 767-300ER, is expected to be early October 2013.
September 23, 2013 · 28 Views
Sim-Industries, a Lockheed Martin company, announced an agreement with Lufthansa Flight Training to provide a new Boeing 777-300 full flight simulator for the airline’s pilot training center. This marks the second flight training device agreement between Lufthansa Flight Training and Sim-Industries. Earlier this year, Sim-Industries qualified a B737 Flat Panel Trainer at Lufthansa Flight Training’s Berlin training center. Sim-Industries develops and manufactures full-motion and fixed-based civil aviation flight simulators for airline customers and independent pilot training centers worldwide. Sim-Industries recently extended its product line with Airbus A330 and Boeing 767, 777 and 787 simulators. The company was acquired by Lockheed Martin in 2011 and is based in Sassenheim, the Netherlands.
September 23, 2013 · 24 Views
STS Component Solutions and Ancra International reported the emergence of a distribution agreement to provide Power Drive Units (PDU’s) to commercial aircraft and freighters that are used on Boeing 767 -200/300/400 and Boeing 777 -200/300 Aircraft. Ancra International develops and manufactures Power Drive Units designed as drop-in replacements for original equipment. These aftermarket PDU’s do not require any modification to the aircraft structural or electrical connections. Ancra’s Flexible Designs allow operators the ability to quickly arrange PDU configurations at a moment’s notice. The PDU feature a sophisticated control system to detect soft and hard pallet characteristics for optimized traction and reliability. For over 40 years Ancra International has become a well-known designer and manufacturer of these self-lifting, low profile units that weigh less than 9 pounds, resulting in a lower cost alternative to other in service PDU’s.
September 24, 2013 · 8 Views
Turbomeca (Safran) signed a €25m contract with the Royal Netherlands Air Force for the repair, overhaul and inspection of their Makila engines.This contract covers the Makila 1A2 engines, powering today the 17 AS532 Cougar helicopters of the Royal Netherlands Air Force. These helicopters are notably used for missions in for instance Afghanistan, “anti piracy mission” at the Horn of Africa, fire fighting, where the helicopter has proven its capability. Compared to the Makila 1A1, the Makila 1A2 offers higher performance and continuous power availability thanks to its EECU (Electronic Engine Control Unit).
September 24, 2013 · 10 Views
GE Aviation is launching the TRUEngine LLP program, which offers the industry an easy means of evaluating the operating history of used life-limited parts (LLP). To earn the TRUEngine LLP designation, LLP are subjected to a rigorous back-to-birth records audit and engineering review to evaluate their configuration and maintenance history relative to airworthiness limitations substantiated by GE and documented in the engine manual. LLP will be qualified at the part level and at a specific time-since-new and cycles-since-new. Life-limited parts are the most critical engine components and include rotating components such as disks, spools and shafts. Life limits are established using a rigorous methodology that is applied to both individual parts as well as the engine system. Systems-level analysis is critical because some non-life-limited “influencing parts” like turbine blades and seals can significantly impact durability of LLP. TRUEngine LLP will be rolled out in stages and ultimately will cover the CFM56*, CF34, CF6, GE90, and GEnx product lines. TRUEngine LLP documentation will accompany future LLP sold through GE Aviation’s materials business, the largest source of used serviceable material for GE Aviation engines.
September 24, 2013 · 29 Views
Mauritania Airlines International, the national flag carrier, has decided to outsource maintenance support and spare parts to Sabena technics for its fleet of Boeing B737 CG & NG aircraft until 2018. Within the scope of the contract, Sabena technics will provide Mauritania Airlines with unlimited pool access B737 CG & NG, components, repair & overhaul services, engineering & maintenance as well as a dedicated main base kit to ensure the continuity of the flight operations, anywhere in the world. Additional added-value services are also provided on a punctual basis by Sabena technics and tailored to Mauritania Airlines’ needs in order to improve the reliability of its flight operations.
BAE Systems Regional Aircraft wins first contracts for third party aircraft interior and avionics upgrades
September 24, 2013 · 18 Views
BAE Systems Regional Aircraft announced at the MRO Europe exhibition and conference in London that it has secured its first contracts for interior and avionics upgrades for a range of different aircraft types. Around 70 Boeing 737 Classic, Boeing 757 and ATR72 aircraft are being upgraded in three separate programmes where BAE Systems Regional Aircraft is responsible for design and engineering of the upgrade and, in the majority of cases, include the provision of installation kits and supply chain management.
Furthermore, the company reported that it has secured new contract extensions for its successful Rate-Per-Flying-Hour (RPFH) JetSpares and MACRO spares support business from Cobham Aviation Services Australia and Yeti Airlines of Nepal. The Cobham Aviation Services Australia contract is the airline’s third JetSpares extension with Regional Aircraft to support its fleet of 11 BAe 146/Avro RJ jetliners. The second new contract is with Yeti Airlines of Nepal to support its fleet of seven 29-seat Jetstream 41 turboprop airliners. These latest contract wins add to new RPFH business already announced this year from Braathens Technical AB of Sweden for its fleet of 12 Avro RJ regional jetliners, from Eastern Airways of the UK in support of its 16-strong Jetstream 41 turboprop fleet and, more recently, from Sky Express of Greece for its Jetstream 41 fleet.
September 24, 2013 · 11 Views
AJW Aviation has signed a three year contract with the Engine Lease Finance Corporation (ELFC) to become long term engine consignment partners. AJW provides complete aircraft spares support to a global portfolio of more than 800 airlines and operators and this represents an important source of high value engine spares for the Company’s inventory. The contract covers end of lease engines which, once consigned to AJW, will be torn down for parts, to be repaired and marketed for sale globally to airlines and MRO organisations. ELFC is a leading independent spare engine financing and leasing company, specialising in the provision of flexible, medium to long-term spare engine support packages for the airline industry with over 280 engines available for lease and a combined asset value of $1.8bn. Headquartered in Shannon, Ireland, the company is owned by BTMU Capital Corporation of Boston, USA, which is a wholly-owned subsidiary of The Bank of Tokyo Mitsubishi UFJ, Ltd. one of the world’s largest financial institutions.
September 24, 2013 · 23 Views
GE has awarded Alitalia its TRUEngine designation for 31 CF34-8E engines powering its fleet of EMBRAER 175s and 10 CF34-10E engines powering its fleet of EMBRAER 190s. Previously, Alitalia received the TRUEngine designation for its CFM56-5B engines and CF6-80E engines.
Jetairfly has been awarded TRUEngine designation for its four CF34-10E engines powering its fleet of EMBRAER 190 aircraft. Jetairfly is owned by TUI, who also has received the TRUEngine designation for its CFM56-7B and GEnx engines.
Air Europa has been awarded TRUEngine designation for its 23 CF34-10E engines powering its fleet of EMBRAER 195 aircraft. Previously, Air Europa received the TRUEngine designation for 29 of its CFM56-7B engines and 13 CF6-80E engines.
September 24, 2013 · 10 Views
Turbomeca (Safran) and Avincis Group reported the signature of a global support contract that covers engines operated by Inaer, Bond Air Services, Bond Offshore Helicopters and Australian Helicopters. This agreement further enhances the strengthening relationship between Avincis and Turbomeca.This agreement includes the incorporation into Turbomeca’s Support By the Hour (SBH) programme for the Inaer fleet in addition to the Bond fleet, which already benefits from the SBH service. The agreement now covers approximately 180 engines of which there are 14 different engine variants.
September 24, 2013 · 16 Views
Etihad Airways, the national carrier of the United Arab Emirates, has foreshadowed more investments in other airlines, as it continues to increase its global presence through a mix of organic growth and strategic partnerships. James Hogan, the airline’s president and chief executive officer, said the airline was currently engaged in three major transactions – the acquisition of 24% of India’s Jet Airways, a 49% stake and management contract in Air Serbia, and increasing equity in Virgin Australia from 10% to a target of 19.9%. “Global reach is beyond the capacity of any single airline,” Mr Hogan said at a conference in Cologne, “and progress must come through partnership. The investments we are making are delivering significant benefits not only to the airlines but to our passengers and freight customers. We will consider more strategic partnerships if they add value.” Etihad Airways launched its equity investment strategy in 2011 with the purchase of a 29% stake in airberlin, followed by a 40% investment in Air Seychelles, which included a five year management contract. This was followed last year by the investment in Virgin Australia and a three per cent stake in Ireland’s Aer Lingus, this year’s Air Serbia deal and, subject to final approval, the Jet Airways investment. Together, Etihad Airways and these six airlines serve more than 340 destinations with a fleet of 511 aircraft. They carried a combined total in 2012 of more than 91 million passengers – comparable to large airline partnerships in Europe and Asia.
September 24, 2013 · 10 Views
FLY Leasing, a global lessor of modern commercial jet aircraft, has purchased another brand new Boeing B737-800 aircraft. The aircraft is on a long-term lease to a leading Asian airline. The purchase was financed with FLY’s unrestricted cash and its acquisition facility.
September 24, 2013 · 21 Views
Alas Aviation Corp., a niche operator of airlines, air cargo, Maintenance Repair Organizations (MRO) and related ground service operators through its operating subsidiary Corporación Ygnus Air, S.A. (“Cygnus”), announced the appointment of Darrell Richardson as Chief Operating Officer of Alas Aviation Corp., by the Company’s Board of Directors on September 19, 2013. Darrell Richardson is a seasoned professional with over forty years of experience in the transportation and aviation industries where he has served in senior executive positions at Piedmont Airlines. Continental Express, Phoenix Airline Services, Mesaba Airlines, Piedmont Hawthorne Aviation, InterIsland Aviation Services Group, Victory Park Capital and Silver Airways.
September 24, 2013 · 13 Views
As aviation becomes increasingly accessible in all parts of the world, future Journeys will increasingly be made by air particularly to and from emerging markets. According to Airbus’ latest Global Market Forecast (GMF) in the next 20 years (2013-2032), air traffic will grow at 4.7% annually requiring over 29,220 new passenger and freighter aircraft valued at nearly US$4.4 trillion. Some 28,350 of these are passenger aircraft valued at US$4.1 trillion. Of these, some 10,400 will replace existing aircraft with more efficient ones. With today’s fleet of 17,740 aircraft, it means that by 2032, the worldwide fleet will double to nearly 36,560 aircraft. Economic growth, growing middle classes, affordability, ease of travel, urbanisation, tourism, and migration are some factors increasing connectivity between people and regions and how often they travel. Increasing urbanisation will lead to a doubling of mega cities from 42 today to 89 by 2032, and 99% of the world’s long-haul traffic will be between or through these. Traffic growth has led to average aircraft size ‘growing’ by 25% with airlines selecting larger aircraft or up-sizing existing backlogs. Larger aircraft like the A380 combined with higher load factors make the most efficient use of limited slots and contribute to rising passenger numbers without additional flights as announced by London’s Heathrow Airport. A focus on sustainable growth enabled fuel burn and noise reductions of at least 70% in the last 40 years and this trend continues with innovations like the A320neo, the A320 Sharklet, the A380 and the A350 XWB.