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Friday, November 01, 2013

AviTrader Daily Aviation News Alert

This is an overview of all articles linked within the selected daily newsletter.
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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.


Embraer to expand business jet operations in Melbourne

October 30, 2013 · 18 Views

Embraer announced that it will expand its current facilities in Melbourne, Florida, with the addition of a new aircraft assembly line for the Legacy 500/450 twin-engine business jets. The expansion is subject to approval by the appropriate authorities. The company’s campus at Melbourne International Airport currently includes an assembly plant and paint facility for Phenom 100/300 business jets, as well as Embraer’s worldwide customer center for executive aircraft. As previously announced, the company is also constructing an Engineering and Technology Center, currently operating at a temporary facility at the Melbourne airport, which will become part of Embraer’s Melbourne campus in 2014. Embraer President and Chief Executive Officer Frederico Fleury Curado said, “Some 50% of our executive jet deliveries go to the U.S. and more than 60% of the aircraft content comes from U.S. suppliers and industrial partners, so this is a natural step forward to the benefit of our customers.”


Avolon acquires two A320 aircraft financed by Abu Dhabi National Leasing

October 30, 2013 · 12 Views

Avolon, the international aircraft leasing group, has acquired two A320 aircraft for delivery to Etihad Airways, the leading international airline, as part of a sale and leaseback transaction, financed by Abu Dhabi National Leasing. The first of the two aircraft has now delivered. The second is scheduled for delivery in December.


Monarch Aircraft Engineering prepares for MRO operations at Birmingham Airport

October 30, 2013 · 17 Views

Monarch Aircraft Engineering (MAEL) has completed the commissioning testing for aircraft maintenance at its new 110,000 ft² state-of-the-art maintenance facility at Birmingham Airport in the UK. This important milestone is one of the final stages of testing in readiness for next week where on 4th November four aircraft will arrive to undergo maintenance. The new facility incorporates high levels of technology and will have an industry-leading approach to maintaining aircraft. In the last week, MAEL has been providing specialist training and inducting highly skilled aircraft engineers all of whom will be reporting for aircraft maintenance duties from day one.


AV8 MRO now offering complete in-house repair and overhaul capabilities for Hawker landing gear

October 30, 2013 · 15 Views

The newly established FAA and EASA Repair Station, AV8 MRO, announced they have the in-house capabilities to repair and overhaul all series of Hawker landing gear. They are able to offer a quick turn time and an economical price due to an extensive inventory of FAA-Approved Replacement Parts and FAA-Approved Component Repairs for Hawker landing gear. AV8 MRO has FAA Repair Specification Approval to make replacement parts and currently has approval for almost 400 parts for the Hawker landing gear.


Western Aero further optimizes productivity with Quantum Control

October 30, 2013 · 13 Views

Western Aero, an award winning FAA and EASA certified aircraft services and repair company, has further improved operations by using Quantum Control MRO and Logistics software to optimize online parts sales and operations event management. An ISO-AS9120 accredited vendor and Diamond Award designee from the U.S. Department of Transportation, Western Aero has provided parts and industry benchmark overhaul and repair services to both commercial and military aircraft since 1989.


Spirit Airlines reports adjusted net income increased 130.3%

October 30, 2013 · 14 Views

Spirit Airlines reported that adjusted net income for the third quarter 2013 increased 130.3% to $57.9m compared to $25.2m for the third quarter 2012. GAAP net income for the third quarter 2013 was $61.1m compared to $30.9m in the third quarter 2012. Spirit achieved an adjusted pre-tax margin of 20.3%, the highest quarterly adjusted pre-tax margin in the Company’s history. On a GAAP basis, pre-tax margin for the third quarter 2013 was 21.4%. Spirit ended the third quarter 2013 with $540m in unrestricted cash.


Air China to commence Beijing-Hawaii nonstop service

October 30, 2013 · 17 Views

Air China and Hawaii Tourism Authority announced that Air China’s Beijing-Hawaii nonstop service will start on January 21st, 2014. The new service will make Air China the first carrier operating nonstop links between Beijing and Hawaii, and make Hawaii the carrier’s 6th destination in North America in addition to New York, Los Angeles, San Francisco, Houston and Vancouver. The new route will further bolster the strategic position of Air China’s hub in Beijing, cement the carrier’s global network and offer an additional pleasant travel option to Hawaii-bound holidaymakers.


Japan prepares to welcome first ATRs

October 30, 2013 · 15 Views

The European turboprop manufacturer ATR has obtained certification to start operations of the new ATR 72-600 in Japan. This certification, granted by the JCAB (Japanese Civil Aviation Bureau), marks the last step before the introduction of the first ATRs that will fly in the colors of a Japanese airline. The first ATR 72-600s will arrive in Japan in November 2013 and will sport the colors of the new regional airline Air Link. As part of the certification process, Japanese authorities have approved the operation of the new equipment of the new ATR -600 avionics, such as the MPC (multi-purpose computer), as well as new autopilot, communication, navigation aid and flight management systems. With the forthcoming introduction of the first ATR 72-600s into Japan, ATR is about to gain a foothold in one of the few countries in Asia where its aircraft had not operated so far. To date, there are almost 260 ATRs operating in the Asia-Pacific region, operated by 50 companies in 23 countries. The ATR 72-600 is also the 70-seat aircraft which has most recently obtained certification from the major international certification authorities, the EASA in Europe and the American FAA.


Pratt & Whitney Canada invests $275m in cutting-edge technologies

October 30, 2013 · 22 Views

Pratt & Whitney Canada announced investments totalling $275m over five years, including the creation of a World-Class Centre of Excellence for Intelligent Manufacturing in Longueuil. At the heart of these investments is the World-Class Centre of Excellence for Intelligent Manufacturing, an $80m initiative. The Centre of Excellence will come to fruition with the development and implementation of three new intelligent production lines featuring cutting-edge equipment and technology. The production lines will be dedicated to manufacturing highly complex key components for the new-generation family of PurePower engines recently launched by Pratt & Whitney. The introduction of the three intelligent production lines will require extensive upgrading of P&WC’s Longueuil plant, which is set to begin in the next few months, with the objective of being fully operational in 2015. These investments will lead to the creation of 90 new permanent jobs and maintain 166 existing jobs in Quebec. The government of Quebec will contribute $19m to support these future investments.


Messier-Bugatti-Dowty signs services contracts with Cathay Pacific and Dragonair

October 30, 2013 · 25 Views

Messier-Bugatti-Dowty (Safran) has signed agreements with Cathay Pacific Airways and Dragonair for the provision of landing gear restoration and support services for the two airlines’ A330/A340 fleets. Messier-Bugatti-Dowty’s MRO division in Singapore first overhauled Cathay Pacific’s A330/A340 landing gears in 2002. The new agreement will extend the relationship to 2024.


Ameco Beijing and Business Air sign long-term contract for B767 fleet overhaul

October 31, 2013 · 29 Views

Ameco Beijing and Business Air signed a three-year contract for Business Air’s whole Boeing 767 fleet overhaul. The layover will start in January 2014. The cooperation between Ameco and Business Air started in September 2012. Ameco has provided Business Air with Boeing 767 airframe overhaul and PW4000 engine leasing & overhaul services.


HAECO Group completes 100th Freighter conversion

October 31, 2013 · 30 Views

Hong Kong Aircraft Engineering Company released that its joint venture company Taikoo (Shandong) Aircraft Engineering Company has completed a Boeing 737 converted freighter for SF Airlines, marking a significant milestone of the 100th freighter conversion performed by the HAECO Group. The aircraft is also the 40th Boeing 737 freighter conversion completed by the HAECO Group with its Supplemental Type Certificate (STC) partner PEMCO World Air Services (“PEMCO”).


Embraer releases third quarter 2013 results

October 31, 2013 · 20 Views

In the third quarter of 2013, Embraer delivered 19 commercial and 25 executive (21 light and 4 large) jets. The Company’s firm order backlog grew to US$17.8bn, reaching its highest level since the third quarter of 2009, mainly as a result of significant orders in the Commercial aviation segment. As a result of aircraft deliveries, coupled with revenues from the Company’s growing Defense & Security business, 3Q13 revenues reached US$1,288.2m. EBIT and EBITDA margins were 5.9% and 12.1% respectively, in 3Q13. 3Q13 net income attributable to Embraer Shareholders and Earnings per ADS basic totaled US$52.9m and US$0.2905, respectively.


The Lithuanian Air Force orders three Eurocopter AS365 N3 Dauphin helicopters

October 31, 2013 · 23 Views

Eurocopter will supply three AS365 N3 Dauphin helicopters to the Lithuanian Air Force for a renewed countrywide search and rescue service with around-the-clock availability, adding another customer to the list of global operators using this twin-engine rotorcraft for vital life-saving missions. The Lithuanian contract – signed October 25th at the Lithuanian Ministry of National Defense in Vilnius – involves certain financing support from the European Union, and calls for all three helicopters to be delivered in 2015.


Commsoft signs OASES renewal contract with NextJet of Sweden

October 31, 2013 · 24 Views

Commsoft, a world leader in aviation engineering and maintenance systems, has signed a new three-year contract for 15 concurrent users with NextJet, one of Sweden’s largest domestic airlines. To support its fleet of 10 SAAB 340 aircraft, Next Jet plans to migrate to the latest AMP version of OASES sometime during 2014 and will be making full use of Commsoft’s implementation support, also linking OASES with the PDC operations system interface. Designed to combine ease of use with a technical sophistication that allows for the full integration of all maintenance and engineering functions, Commsoft’s OASES is structured in a modular format and NextJet has selected five of the module options – Core, Airworthiness, Planning, Materials and Line Maintenance Control.


Sabena technics and Island Transvoyager sign five-year integrated services contract

October 31, 2013 · 22 Views

Island Transvoyager, a growing airline in the Philippines, has decided to outsource maintenance support and spare parts to Sabena technics for its fleet of ATR aircraft until 2018. Within the scope of the contract, Sabena technics will provide ITI with pool access as well as repair and overhaul of ATR 42-500 components to ensure the continuity of the flight operations. Additional added-value services will also be provided on a punctual basis by Sabena technics and tailored to Island Transvoyager’s needs in order to improve the reliability of its flight operations.


Boeing to increase 737 production rate in 2017

October 31, 2013 · 19 Views

Boeing announced that production on the 737 program will increase to 47 airplanes per month in 2017, the highest rate ever for the best-selling airliner in history. Once implemented, the 737 program will build more than 560 airplanes per year, and will have increased output by nearly 50% since 2010. Boeing currently produces 38 airplanes per month from its Renton, Wash., factory and will increase the rate to 42 per month in the first half of 2014. First delivery of the 737 MAX is on track for third quarter of 2017.


Aeroflot awards Boeing 737NG contract to Volga-Dnepr Technics in Moscow

October 31, 2013 · 24 Views

Volga-Dnepr Technics has been awarded a contract to provide maintenance services in Moscow for Aeroflot-Russian Airlines’ Boeing 737NG (Next Generation) aircraft fleet. The agreement for maintenance at the city’s Sheremetyevo Airport also includes a provision for Volga-Dnepr Technics to supply qualified personnel for maintenance supervision and other field services in support of Aeroflot’s flight operations. Volga-Dnepr Technics will also provide practical advice on refueling and aircraft towing procedures at its MRO facility in Moscow for Aeroflot personnel.


Aircastle announces third quarter net loss of $74.6m

October 31, 2013 · 19 Views

Aircastle reported a third quarter 2013 net loss of $74.6m and an adjusted net loss of $69.1m. The third quarter results included operating and finance lease rental revenues of $165.3m, an increase of 1.4%, versus $163.1m in the third quarter of 2012. The third quarter 2013 results include $106.1m of non-cash impairment charges consisting mostly of charges related to the Company’s annual fleet review totaling $97.6m. These impairment charges relate to six 747-400 converted freighter aircraft and one 737-700 aircraft. Excluding these charges, third quarter net income was $21.0m and adjusted net income was $26.5m.


Boeing delivers 12th production P-8A Poseidon aircraft to US Navy

October 31, 2013 · 19 Views

Boeing delivered the 12th production P-8A Poseidon on schedule on Oct. 25th, enhancing the long-range maritime patrol capabilities of the U.S. Navy. The P-8A departed Boeing Field in Seattle for Naval Air Station Jacksonville, Fla., where it joined the other Poseidon aircraft being used to train Navy crews. The aircraft is the sixth from the second low-rate initial production contract lot awarded in November 2011.


Bombardier Aerospace posts financial results for the third quarter

October 31, 2013 · 17 Views

Bombardier Aerospace’s revenues amounted to $2.0bn for the three-month period ended September 30, 2013, compared to $2.3bn for the same period last fiscal year. EBIT totalled $86m or 4.3% of revenues for the third quarter ended September 30, 2013, compared to $118m, or 5.2%, last fiscal year. Free cash flow usage amounted to $406m (including net additions to property, plant and equipment (PP&E) and intangible assets of $585m) for the third quarter ended September 30, 2013, compared to a usage of $68m (including net additions to PP&E and intangible assets of $543m) for the same period last fiscal year. Bombardier Aerospace delivered a total of 45 aircraft during the third quarter ended September 30, 2013, compared to 57 for the same period last fiscal year, and received 26 net orders during the third quarter, compared to 83 for the same period last fiscal year.


Safran names Jean-Michel Hillion Senior Vice President for Boeing programs

October 31, 2013 · 28 Views

Jean-Michel Hillion has been named Safran Corporate Senior Vice President, Boeing Programs. He replaces Norbert Gaillard, who has retired. Mr. Hillion reports to Marc Ventre, Safran Deputy Chief Executive Officer, Operations, and will be in charge of supervising, coordinating and developing the Group’s business with Boeing.


Thales to provide component services for airberlin group

October 31, 2013 · 23 Views

Thales and airberlin group have signed a long-term component services agreement to support the group’s A320 family fleet of 64 aircraft. Under this seven-year Avionics-By-The-Hour (ABTH) agreement, Thales will provide spares provisioning and component maintenance services for a large selection of avionics components onboard the A320 aircraft. The signed agreement covers consignment stock of critical components based at the hubs of airberlin group in Berlin, Düsseldorf and Vienna, access to a pool of components, maintenance and logistics services.