Friday, November 29, 2013
AviTrader Daily Aviation News Alert
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February 20, 2015 · 541 Views
The bitter dispute between US- and Gulf-based airlines has reached a new level after Emirates flatly rejected an open apology made concerning what was seen as incredibly tactless and insensitive remarks made by Delta’s Chief Executive, Richard Anderson. The unfortunate incident relates back to comments made by a group of American airlines that a number of the larger Gulf carriers had benefited from state subsidies amounting to a figure in excess of US$40bn. As a consequence the American airlines either wanted to renegotiate or scrap the current Open Skies agreement.
Offended by such claims, the Gulf carriers retaliated by questioning whether or not US airlines had received government subsidies totaling US$5bn in the wake of 9/11. Unfortunately Delta’s Anderson, responding to this claim on CNN, said: “It’s a great irony to have the United Arab Emirates from the Arabian Peninsula talk about that, given the fact that our industry was really shocked by the terrorism of 9/11, which came from terrorists from the Arabian Peninsula.” While the UAE and Qatar, two of the States’ allies who have offered either military or logistical support for international operations were particularly upset by these comments, Delta simply made it clear that Anderson had been responding to claims regarding post 9/11 subsidies. “He didn’t mean to suggest the Gulf carriers or their governments are linked to the 9/11 terrorists. We apologize if anyone was offended.”
Unfortunately the largest of the three main Gulf carriers did not see this as acceptable. “We believe that the statements made this week by Mr. Anderson were deliberately crafted and delivered for specific effect,” it confirmed in a statement. However US airlines continue to complain that they have lost significant numbers of bookings since 2008 as a result of Gulf competition and cited documents they indicate demonstrate aid which has allowed their competitors to offer cheap fares. In retaliation, Gulf officials say that most US carriers do not fly the same routes and are losing business only because they offer an inferior service.
This is not a dissimilar situation to the one between Gulf airlines and European carriers, including Lufthansa, and coincidentally has come at the same time as US airlines are trying to have US Exlm Bank closed down. They believe Gulf carriers are benefitting to a greater degree from the export credit agency. The tit-for-tat dialog continues with Western airlines showing concern for the safety of thousands of service industry jobs, a complaint to which Gulf carriers have responded by making it very clear they support at least as many jobs in the aerospace sector with their huge orders for aircraft.
February 20, 2015 · 639 Views
Snecma (Safran), a leading manufacturer of aircraft engines, and Hindustan Aeronautics (HAL), a leading aerospace manufacturer, signed a Memorandum of Understanding (MoU) on January 28th, 2015 in Bangalore to explore establishing a joint venture in India for the production of aero-engine parts. The proposed joint venture will initially focus on the manufacture of high-tech parts for the Dassault Rafale’s Snecma M88 engine, then subsequently contribute to other major aerospace projects of HAL & Snecma, in India and worldwide. Spanning over 30,000 m², the proposed joint venture’s new plant is expected to benefit from substantial investment by the two partners, providing it with state-of-the-art machinery and equipment. This agreement marks a major step forward in the long-standing collaboration between Snecma and HAL. The proposed joint venture will further broaden the scope of the excellent relations established over the past 60 years between Safran affiliates and the Indian aerospace industry. For example, Snecma manufactures the M53 engines powering the Mirage 2000H “Vajra” fighters operated by the Indian Air Force.
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.
November 27, 2013 · 30 Views
Pattonair, Supply Chain Business and a leading Global Aerospace and Defence service provider and United Precision Products, a provider of precision machined and threaded product based in Detroit, Michigan, have signed a 3 year agreement under which UPP will manufacture and supply Pattonair with products in support of its global customer base. The agreement will facilitate the supply of Machined Product from UPP to Pattonair and forms part of Pattonairs’ ongoing product strategies and development of long term partnerships with key suppliers within its supply base.
November 27, 2013 · 15 Views
DVB Bank SE announced the issuance of a benchmark bond: On Monday, November 25th, 2013, DVB Bank successfully launched and priced its second €500m senior unsecured benchmark transaction in 2013. Since May 2012, DVB has been establishing its benchmark curve, starting with a three-year maturity followed by two issues with five-year maturity. By means of this transaction, DVB extended its own benchmark curve out to seven years.
November 27, 2013 · 24 Views
C&L Aerospace reported the sale of one of their Saab 340B aircraft (msn 340B-196) to Sky Bahamas Airlines. This aircraft was formerly operated with Colgan Airlines (Colgan Airlines owned by Pinnacle Airlines). The aircraft is expected to enter into service by December 1st, 2013.
November 27, 2013
On Wednesday, November 27th, 2013, Doric took a further Airbus A380 under management. The aircraft carries the manufacturer‘s serial number 133 and is leased to Emirates. This is the fourth A380 acquired by a subsidiary of the listed aircraft investment company Doric Nimrod Air Three Limited. Doric’s asset management portfolio has a volume of US$8bn. Aside from 39 aircraft with an investment volume of US$6.9bn, Doric has assets mainly in the real estate and renewable energy segments.
November 27, 2013 · 32 Views
Cardiff Aviation has partnered with Serco to provide painting and surface finishing services to commercial and government organisations in the aerospace, engineering and automotive sectors from their facilities at St Athan, Aerospace Business Park, South Wales. The new partnership combines Cardiff Aviation’s industry expertise and rapidly developing maintenance, repair and overhaul (MRO) services with Serco’s experience in the highly specialised military aerospace re-finishing sector. From Cardiff Aviation’s modern on-site facility at St Athan, a fully qualified team spray finish a wide range of aircraft, airframe component, ground support equipment (GSE), as well as aircraft interiors.
November 27, 2013 · 25 Views
According to the latest Airbus Global Market Forecast (GMF) the Brazilian air travel market will need 1,324 aircraft by 2032 to address the country’s rising international and domestic air travel requirements. The 896 single-aisle, 353 twin-aisle and 75 very large aircraft (VLA) are forecast to help meet the rising demand from domestic and foreign carriers in Brazil almost tripling the in-service fleet from today’s 480 to more than 1320 aircraft by 2032. With a GDP forecast to grow at 4% annually, above the world average of 3.1%, socioeconomic trends suggest Brazil’s economy will more than double over the next 20 years. Brazil’s air traffic is expected to follow suit, growing at an annual rate of 6.8 percent by 2032, far exceeding the world average of 4.7%. Driven by a growing middle class, increased consumer spending as well as a booming tourism sector, Brazil represents 35% of all Latin America’s air traffic, making it the region’s largest and amongst the fastest growing markets, having more than doubled since 2000. Since then, international traffic alone has increased at an impressive 87%. As the market has grown, carriers from Brazil have been unable to benefit at the same pace as foreign carriers such as those from Europe and North America. More than 40% of South America’s long-haul traffic arrives through three Brazilian airports, including Guarulhos International Airport in Sao Paulo which is the number one international airport for long-haul traffic in Latin America. Very large aircraft such as the A380, would be ideal aircraft for these cities with their high density traffic including Rio. VLAs can carry more passengers with fewer flights, while meeting the international air traffic requirements needed to serve long-haul flights to Europe and North America. The country’s domestic air traffic market has grown an impressive 2.4 times since 2000, consolidating Brazil’s position as the fourth largest domestic market in the world by 2032, only surpassed by China, the United States and India.
November 27, 2013 · 19 Views
Indonesian Aerospace (IAe) has delivered the first complete main fuselage assembly it has produced for Eurocopter EC725 and EC225 helicopters, marking a significant milestone in the companies’ industrial partnership. This no. 1 assembly – consisting of the integrated upper and lower fuselage sections – was built at IAe’s Bandung, Indonesia facility in West Java. It is scheduled for delivery to Eurocopter’s Marignane, France headquarters site during December, to be integrated into either an EC225 or EC725 helicopter. As part of a long-term industrial relationship established in 2008, Eurocopter has entrusted IAe with the production of EC725/EC225 upper and lower fuselages, along with the tail booms for these helicopters. The partnership calls for Indonesia to provide 125 component sets at a contract value of $43m – with five upper fuselage sections and 23 tail booms already delivered from Indonesia to Eurocopter. This activity has now moved into a new phase as the company builds the lower fuselage as well, enabling its integration with the in-country produced upper section to create a complete main fuselage assembly.
November 27, 2013 · 18 Views
An improved version of the Rolls-Royce Trent 900 engine has passed its European Aviation Safety Agency (EASA) type test. The Trent 900 EP2 engine, offering a further fuel burn improvement of up to 0.8%, will become the new build standard for the engine next year once full certification is achieved. The Trent 900 EP2 improvements include: optimised fan blade tip clearance; improved turbine case cooling; improved sealing for the low-pressure (LP) turbine; an optimised intermediate pressure (IP) compressor; an improved engine sector stator; and improvements to the air flow system. The type test success comes as the Trent 900, selected by 11 of 17 customers to have made an engine choice for the A380, continues to excel in service.
November 27, 2013 · 40 Views
Airbus and Thales have signed a long-term service agreement in support of Airbus Flight Hour Services (FHS) and Tailored Support Package (TSP) programmes for A320, A330, A340, A380 and A350XWB aircraft. This component support agreement covers the procurement of Line Replaceable Unit (LRU) spare parts and component services including test, repair and overhaul, loans, exchanges and modifications. Under this long-term partnership, Airbus and their contracted customers will benefit from Thales’s long-standing experience, state-of-the–art service centres and recognised expertise as a tier one avionics manufacturer in the field of technical support, engineering, reliability monitoring and repairs. This will also include continuous product improvement, customer service and supply chain management.
November 28, 2013 · 11 Views
Pentagon 2000 Software, reported that Spirit Aeronautics has begun implementation of the flagship ERP and MRO software system. The fully-integrated system is being implemented to support a wide range of business operations including materials management, MRO, Heavy Maintenance, Accounting and Financials.
November 28, 2013 · 18 Views
BOC Aviation is pleased to announce Volaris as a new customer. Volaris has agreed to lease four new A320-200 aircraft to be delivered by May 2014. Volaris is leading low-cost carrier in Mexico, growing from an initial fleet of four aircraft in 2006 to a fleet of 44 aircraft today. The airline offers flights to 33 domestic destinations and 12 United States cities.
November 28, 2013 · 25 Views
As planned, the first run of the Ardiden 3C helicopter engine, named WZ16 in China, jointly developed by Turbomeca (Safran) and AVIC Engine on an equally shared basis, was successfully achieved at Turbomeca Bordes (France) plant. This significant milestone confirms the good aeromechanical behavior and performances of this new generation engine and allows engagement in the test and certification phases of the development program. Preliminary testing of its major components has demonstrated the relevance of the technological choices. This Ardiden 3C / WZ16 engine jointly designed by Turbomeca and AVIC Engine will fully respond to market requirements in the growing 6 to 8 tons helicopter segment. The modular design and dual channel FADEC makes this engine highly reliable and easy to operate, with the benefit of a low fuel consumption.
November 28, 2013 · 21 Views
Avtrade announced further expansion and relocation of their Singapore office to the prominent Changi Business Park. With good transport links, Avtrade’s office in Hansapoint at CBP is ideally located close to Changi Airport, Aviation Distri-Zone and logistics facilities. Hazle Kam has joined the Singapore office as Sales Administrator assisting the experienced Sales team to support Avtrade’s rapidly expanding customer base in Asia. Over the last year the Singapore team has expanded through relocation and recruitment of experienced multilingual staff to provide increased service and support to customers in the Asia region.
November 28, 2013 · 20 Views
REVIMA APU signed a 5-year Auxiliary Power Unit (APU) support agreement to provide repair and maintenance services for APS500 APUs installed on Embraer ERJ135/145 aircraft operated by BMI REGIONAL (UK). REVIMA APU is one of the most comprehensive APU repair and overhaul facilities. Based in Caudebec-en-Caux, Normandy, France, it has over 40 years of APU repair experience on a wide range of Airbus and Boeing applications, as well as for Regional aircraft produced by BAE Systems, Bombardier, Embraer, Fokker, and Saab.
November 28, 2013 · 27 Views
AWAS has delivered one 767-300ER widebody from its existing fleet on lease to Privilege Style based in Madrid Spain, a well established charter airline serving tour operators, third party airlines as well as corporate, celebrity a and sports clientele from across the globe.
November 28, 2013 · 26 Views
Nordic Aviation Capital confirmed that it has leased the 2nd of 5 ATR 72-600 aircraft, MSN 1115 to Azul Linhas Aereas Brasileirasn S.A. Nordic Aviation Capital A/S is a global aircraft leasing company dedicated to the worldwide sale, purchasing and financing of commercial jet and turboprop aircraft.