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Thursday, September 26, 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.

Turbomeca signs contract with Royal Netherlands Air Force

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).

GE Aviation announces new TRUEngine LLP designation

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.

Sabena technics and Mauritania Airlines sign five-year integrated services contract

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.

AJW Aviation signs three year contract with ELFC

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.

Alitalia, Jetairfly and Air Europa receive TRUEngine designation for CF34 engines

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.

Turbomeca and Avincis Group sign global support contract

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.

Etihad Airways to consider more equity investments if they add value

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.

FLY Leasing acquires another New B737-800

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.

Alas Aviation appoints Franklin Darrell Richardson as Chief Operating Officer

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.

Over 29,000 new aircraft required in the next 20 years

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.

Aigle Azur entrusts CFM56-5B engine support to AFI KLM E&M

September 25, 2013 · 13 Views

AFI KLM E&M is contracted to maintain A320 engines of airline Aigle Azur, which operates a fleet of 12 aircraft of this type. The outcome of a year’s negotiations, the long-term agreement covers shop visits, overhauls and repairs for the CFM56-5B power plants.

Eurocopter and Waypoint Leasing establish comprehensive commercial and marketing partnership for helicopter leasing

September 25, 2013 · 19 Views

An agreement signed by Eurocopter and Waypoint Leasing offers value and flexibility to helicopter lessees through the companies’ enhanced commercial and marketing resources. The agreement, announced at London’s Helitech International exposition, enables Waypoint to offer its client base the full capabilities of Eurocopter’s comprehensive Parts-by-the-Hour (PBH) support services. Eurocopter’s Parts-by-the-Hour program provides highly adaptable and cost-effective services coverage that contributes to minimal helicopter downtime, streamlines maintenance costs and reduces parts inventory. It applies to dynamic components, blades, basic and mission equipment, and can be customized to operators’ needs.

Embraer Defense & Security acquires remaining 50% of Atech´s shares

September 25, 2013 · 5 Views

Embraer Defense & Security signed a contract to acquire the remaining 50% of Atech Negócios em Tecnologia S.A. shares, as part of its acquisition strategy. Since the Company had already acquired 50% of Atech, in April 2011, it now becomes the only shareholder of Atech. The conclusion of the deal is subject to meeting certain conditions that are common to this type of transaction. The deal is an important step in consolidating Embraer Defense & Security as a Strategic Defense Company and a provider of genuinely Brazilian integrated solutions. Atech is a developer of strategic command, control and intelligence solutions, and provides expert consulting services, as well as technical and logistical support. It works with all project phases: conceptual, specifications, development, integration, implementation management, installation, testing, maintenance, and training.

Air Canada signs maintenance agreement with Premier Aviation

September 25, 2013 · 18 Views

Premier Aviation and Air Canada reported the signing of a five-year agreement for the provision of airframe maintenance in support of Air Canada’s fleet of 60 Embraer E-190 and E-175 aircraft. With the addition of a second line of maintenance at Premier Aviation’s Trois-Rivières, Quebec facility now in place, the work performed for Air Canada will have created a total of 120 jobs for aircraft technicians on the two lines. This contract follows a successful year of operations meeting the quality and on-time delivery requirements for 37 Air Canada Embraer E-175 and E-190 maintenance visits at Premier’s Trois-Rivières maintenance centre.

SR Technics signs contracts with Aeroflot, Aigle Azur and Finnair

September 25, 2013 · 32 Views

SR Technics, part of the Mubadala Aerospace MRO network, has signed a contract with Aeroflot to install the Airbus ALNA V2 (AirLine Network Architecture) on three of the airline’s Airbus A330-200 aircraft. The In-flight Entertainment and Connectivity (IFEC) system installation will be carried out alongside scheduled C-Checks, thus optimizing aircraft down time and maximizing Aeroflot’s utilization of the aircraft. Under the agreement the work will be completed in the fall of 2013, with all modification and maintenance activities being completed out of SR Technics’ headquarters in Zurich. The ALNA V2 system is the first line fit connectivity solution to be developed by an aircraft manufacturer. The platform allows passengers to use their own wireless communication devices such as mobile or smart phones and laptops on board, in the same way they would use them on the ground.

Furthermore, SR Technics has signed a contract with French Airline Aigle Azur, based in Orly, to provide C-checks on two Airbus A319 aircraft. The aircraft will be inducted in November and December of this year, and the work will be completed out of SR Technics narrowbody Center for Excellence in Malta.

SR Technics and Finnair are deepening their cooperation and have signed an extension to the existing agreement for Integrated Component Services (ICS) for the airline’s five new Airbus A321 aircraft until 2022. The new contract builds on the close cooperation with Finnair for Component Services for its Airbus andEmbraer fleets and Engine Services for its A320 and A340 fleets. Most recently, the two companies signed a contract for heavy maintenance visits on two of the airline’s A320 aircraft.

ICBC Leasing orders V2500 engines for new aircraft

September 25, 2013 · 13 Views

ICBC Financial Leasing, a subsidiary of the Industrial and Commercial Bank of China (ICBC), has entered into an agreement under which IAE International Aero Engines AG’s V2500 engines will power 17 firm and three option A320 series aircraft. This brings the total number of V2500 engines ordered by ICBC Leasing to 37. The new deal is valued at $430m. Deliveries will commence in 2015 and continue through 2017. Aircraft powered by the V2500 engines will be leased to operators worldwide.

Monarch Aircraft Engineering extends heavy maintenance agreement with Thomson Airways

September 25, 2013 · 18 Views

Monarch Aircraft Engineering (MAEL) has extended its heavy maintenance agreement with Thomson Airways. The extension to the long term agreement will see MAEL’s highly experienced engineering team perform medium and heavy C Checks on Thomson Airways’ Boeing 757 and Boeing 767 aircraft at its maintenance facilities within the UK.

BOC Aviation orders 25 A320 family aircraft, including 12 NEOS

September 25, 2013 · 17 Views

BOC Aviation announced an order with Airbus for 25 A320 Family aircraft, including 12 NEOs, scheduled for delivery from 2015 to end of 2019. The order comprises A320 and A321 variants for both CEOs and NEOs. This comes on following an earlier order for 50 A320 family aircraft, signed in December 2012. BOC Aviation will make an announcement on the engine decision for these aircraft in the future.

AJW Aviation signs consignment agreement for B767-200 part-out

September 25, 2013 · 30 Views

AJW Aviation has signed the consignment agreement for a B767-200 aircraft from Aviation Capital Group (ACG) for part out. The teardown process took place in Victorville, CA with the part-out starting on the 9th September and parts subsequently made available from mid-October 2013. A provisional fit list has already been compiled with parts available for lease, exchange and sale, including two CF6-80C2-B6 engines which AJW will have exclusive management responsibility to lease. After lease, the engines will be torn down to harvest parts for pool access by the AJW Engines division. The aircraft, owned by ACG, will replenish AJW’s strategic aircraft spares stock held at operational centres in London, Singapore, Dubai, Montreal and Miami, as well as locations across Europe and North America. AJW Technique, the group’s comprehensive component repair facility in Montreal, will be used to repair many of the off-coming units before putting them into stock.

REVIMA expands Landing Gear LRU Support Services

September 25, 2013 · 33 Views

REVIMA, a leading Landing Gear MRO service provider is reinforcing its Support Services for Line Replaceable Units (LRU): 100% of A320 Landing Gear Hydraulic & Electrical accessories can now be tested, repaired or overhauled in house at REVIMA. Overall more than 75% of LRUs installed on Landing Gears supported by REVIMA are repaired in house for improved cost and TAT control.

To address continued growth in the Landing Gear, Auxiliary Power Unit MRO and parts trading business in the Middle East and Asia-Pacific, the Revima Group announced the creation of two new offices in Dubaï and in Hong-Kong, with responsibilities for new business development and customer support in these regions. These new locations come in addition to the 2 US offices created in March 2013.

Pacific Southwest Instruments selects Quantum Control to manage global Instrument & Avionics Repair Services

September 25, 2013 · 12 Views

Component Control released that Pacific Southwest Instruments (PSI), an industry-leading aircraft instrument repair station for general aviation, corporate, commercial and rotorcraft, has selected Quantum Control MRO management software to manage repair, overhaul and exchange services for a broad spectrum of supported flight systems. For over 30 years, PSI has maintained FAA and EASA Certified Repair Station status along with Instrument & Avionics Sales and Distribution designations from their 37,000 ft² facility in Corona, California.

NAC continues positive trend with profit increase of 63%

September 25, 2013 · 22 Views

Nordic Aviation Capital reported that profit from ordinary operating activities increased 63% in 2012/13, from US$125.6m to US$204.4m. The operating profit, including aircraft value adjustments, increased 51%, from US$95.0m to US$143.7m. These results are in line with company expectations. The 2012/13 annual accounts, which ended 30.06.13 showed an increase in revenues of 51% up from US$278.9m to US$421.9m and an increase of 16% in post-tax earnings, which rose to US$65.9m. These improved results are attributable to two main factors, the company’s stable market position and a steadily increasing liquidity, which provides a freedom to act quickly and with flexibility. Cash resources have increased by US$53.7m and stand at US$125.6m.

328 Group hands over 17th Dornier 328 Turboprop to U.S. Military

September 25, 2013 · 35 Views

The 328 Group formally handed over the 17th Dornier 328 turboprop to Sierra Nevada Corporation (SNC) to be used by the United States Military in a ceremony at the 328 Group’s facilities in Operpfaffenhofen, Germany on July 9th, 2013. The ceremony marked the completion of a four-year contract worth more than US$200m, including spare parts support. The US Military accepted the aircraft in three tranches from 2009 to July 2013. The 328 Group purchased 15 of the aircraft outright from various sources, while SNC directly acquired two of the aircraft. These aircraft were purchased from various locations, including Europe, America and Africa. The Dornier 328s were selected to provide critical logistics support for the US Military.

Honeywell supports Air China’s growing fleet with customized aftermarket solutions

September 25, 2013 · 19 Views

Honeywell Aerospace (HON) has strengthened its strategic relationship with Air China, signing an agreement to provide services to Air China that will optimize the safety, efficiency and performance of its growing fleet of wide-body aircraft. Under this agreement, Honeywell will provide repair and maintenance on the 331-350 Auxiliary Power Unit (APU) for 53 new and existing Airbus A330 aircraft and six Airbus A340 aircraft. As part of the agreement, Honeywell will provide Air China with customized service and maintenance solutions. The tailored aftermarket solutions, coupled with predictive trend monitoring and diagnostics (PTMD), will provide engineering expertise and support resources that will allow Air China to better manage and predict maintenance spending, while optimizing APU on-wing time and reducing downtime costs.

Airbus announces lower weight A330 for regional & domestic operations

September 25, 2013 · 20 Views

Airbus has announced a new lower weight variant of its versatile A330-300 wide-body aircraft that is optimised for use on domestic and regional routes in high growth markets with large populations and concentrated traffic flows. China will be one of the most important markets for this new version of today’s world’s most efficient and reliable widebody aircraft. The announcement was made by Fabrice Bregier, President and CEO of Airbus, at the Aviation Expo China (Beijing Airshow) 2013, which has opened its doors on September 25th in Beijing. “The new lower weight A330-300 variant specially designed for regional and domestic use is Airbus’ solution for markets with large populations and fast growing, concentrated air traffic flows. Operators of the new A330-300 variant will benefit from a proven, mature and reliable aircraft that brings relief to limited airspace, airport congestion and pilot shortage,” said Fabrice Bregier. “We are announcing the new A330-300 lower weight variant in China because here we see strong pent-up demand for efficient and reliable wide-body aircraft connecting mega cities such as Beijing, Shanghai, Chengdu and Guangzhou.” Compared to current A330-300 variants that are adapted to longer-range missions of up to 6,100 nautical miles (nm), the new A330-300 regional and domestic variant will be optimised to seat up to around 400 passengers in Airbus’ best in class 18 inches wide economy seat comfort on missions up to 3,000 nm and offer significant cost savings through a reduced operational weight of around 200 tonnes. The reduction in fuel burn per seat and maintenance costs thanks to these innovations will result in an overall cost reduction by up to 15% compared with today’s long-range A330-300 variants.

Zhejiang Loong Airlines signs MoU for 20 A320 Family aircraft

September 25, 2013 · 35 Views

Zhejiang Loong Airlines, an airline based in Hongzhou, capital city of Zhejiang Province in Eastern China, has signed a Memorandum of Understanding (MoU) for 20 Airbus A320 Family aircraft, including 11 A320ceo and nine A320neo. The airline has recently been approved by the Civil Aviation Administration of China (CAAC) for passenger flight operation.

Qingdao Airlines orders 23 A320 Family aircraft

September 25, 2013 · 15 Views

Qingdao Airlines, a newly established airline based in the Eastern Chinese coastal city of Qingdao, Shandong Province, has selected the best-selling Airbus A320 Family aircraft to build up its fleet. The airline has signed a purchase agreement with Airbus for a total of 23 A320 Family aircraft, including five A320ceo and 18 A320neo. The deal is subject to approval from China’s central government. The first delivery is expected to begin in 2016. The airline will start operation in 2014 with leased A320 aircraft.

VietJetAir to acquire up to 100 new A320 Family aircraft

September 25, 2013 · 13 Views

Vietnam’s VietJetAir has signed a Memorandum of Understanding for up to 92 A320 Family aircraft and will lease eight more from third party lessors. The agreement signed with Airbus covers for 42 A320neo, 14 A320ceo and six A321ceo, plus 30 purchase rights for the A320 Family. VietJetAir is an existing A320 operator, with eight leased aircraft already in service. The carrier took delivery this week of its ninth A320, delivered new from Airbus via the US leasing company AWAS.

Boeing delivers first Next-Generation 737-800 to Russia’s Rostec

September 25, 2013 · 8 Views

Boeing delivered the first Next-Generation 737-800 to Aviation Capital Services LLC, a subsidiary of the State Corporation Russian Technologies (Rostec). Aviation Capital Services has leased the airplane to Russia’s flag carrier, Aeroflot. This delivery is the first of 50 Next-Generation 737s Aviation Capital Services has on order, including 737-800s and 737-900ERs.