Friday, February 14, 2014
AviTrader Daily Aviation News Alert
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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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
February 12, 2014 · 16 Views
Crane’s Mark IV Brake Control System upgrade has been selected by Royal Netherlands Air Force for the C-130H aircraft. The Brake Control System will be provided by Crane’s foreign military distributor Aero Precision, a Greenwich AeroGroup company. The install will be completed by the end user, Royal Netherlands Air Force, at Eindhoven airbase. Crane’s more advanced Mark IV Brake Control System is already being flown by all C-130J operators and is available through Aero Precision for upgrade to foreign military C-130 aircraft. Crane has provided this same advanced Mark IV Brake Control system to the United States Air Force as an upgrade to all C-130E/H aircraft.
February 12, 2014 · 17 Views
On the occasion of the Singapore Airshow, the European turboprop aircraft manufacturer ATR and the United Arab Emirates’ leasing firm Dubai Aerospace Enterprise (DAE) announced a contract for the purchase of 40 ATR 72-600s, which includes firm orders for 20 aircraft and options for 20 additional ones. DAE is the largest aviation leasing firm in the Middle East with an aircraft portfolio of approximately $3.3bn comprised of B737s, B777s, A320s and A330s. This latest deal represents DAE’s first order for regional aircraft. The 20 firm aircraft are scheduled to deliver between 2015 and 2018. The contract is a major milestone in ATR’s recent history and underlines the increasing interest of leasing firms from all over the world in the ATR aircraft family. The ATR 72-600, equipped with new avionics suite and totally redesigned cabin interiors, has become in recent years the preferred regional aircraft below 90 seats for lessors and airlines operating short-haul networks.
February 12, 2014 · 12 Views
BOC Aviation has selected Pratt & Whitney to power 15 new Airbus A320neo family aircraft as part of an ongoing strategy to build up a fleet of modern, fuel-efficient, in-demand aircraft to meet customer demands. Pratt & Whitney, a division of United Technologies Corp., will supply the PurePower PW1100G-JM engines for delivery starting in 2017.
February 12, 2014 · 21 Views
ST Aerospace and Alenia Aermacchi will deliver the last of the 12 M-346 new generation advanced trainers to the RSAF in March 2014, following the contract that was signed in late 2010. Currently, a total of 10 aircraft have been delivered along with the delivery of the relevant ground based training system and the associated M-346 initial logistics support package. In February 2013, the RSAF commenced the pilot training in its Advanced Training School at the Cazaux Air Base in France, while in March 2013 the first training flight for a pilot trainee in the M-346 was successfully conducted. This event marked the beginning of the full spectrum 3rd Generation Integrated Pilot Training System for the RSAF and it was also an important milestone for the M-346 programme.
February 12, 2014 · 17 Views
Vietnam’s VietJetAir has selected CFM International’s CFM56-5B engine to power 21 firm Airbus A320ceo (current engine option) family aircraft, including 14 A320ceos and 7 A321ceos. The agreement is valued at more than $800m at list price. Furthermore, Thailand’s Nok Air announced a commitment to order eight Next-Generation 737-800s powered by CFM56-7B engines and seven 737 MAX 8s that will be powered by the LEAP-1B engines.
February 12, 2014 · 12 Views
ATR and the Thai airline Bangkok Airways announced a contract for the sale of six firm ATR 72-600 aircraft and two options, valued at almost $200m. Bangkok Airways has been operating ATR aircraft for two decades and currently operates a fleet of eight ATR 72-500s. The first new ATR 72-600s will be delivered later this year, allowing Bangkok Airways to start renewing its fleet and to offer all the new comfort and cabin features of the ATR-600s to its customers.
February 12, 2014 · 22 Views
Bell Helicopter and Air Juan signed a purchase agreement on Februray 11th, for a Bell 429 in a wheeled landing gear (WLG) configuration. This aircraft is the first WLG configuration to be sold into the Philippines. Air Juan, which is based in the Philippines, will use the aircraft for corporate travel and to support its charter businesses which serve VIP, industrial, corporate travel and leisure markets.
Bell Helicopter also delivered a Bell 407GX in India to SpanAir, the country’s leading air charter company. Specializing in customized travel options, SpanAir offers a fleet of aircraft fully equipped with the latest in aviation and safety technology, including all weather and IFR facilities. With the addition of the 407GX, featuring the first integrated Garmin G1000H flight deck, SpanAir now has one of the most modern and advanced fleets operating in India.
February 12, 2014 · 26 Views
Embraer Commercial Aviation forecasts that airlines in Asia Pacific, including China, will take delivery of 1,500 new jets in the 70 to 130-seat segment over the next 20 years (valued at US$70bn at list prices), representing nearly 20% of the worldwide demand for the segment in the period. Of the region’s new deliveries, 65% are expected to support market growth while 35% will replace ageing aircraft being retired. The Asia Pacific market will become more affluent, competitive and liberal, further stimulating airlines to seek system efficiencies, brand differentiation and improved service levels. In this context, the 70 to 130-seat jet segment will play a key role to support the intra-regional development in Asia Pacific. “Passenger traffic in the Asia Pacific region is mostly composed by secondary markets with low and medium demand densities of up to 300 passengers daily each way. Some 60% of those markets are not served nonstop, and around half of all markets served do not allow for same day return travel,” said Paulo Cesar Silva, President & CEO, Embraer Commercial Aviation. “Embraer E-Jets provide the capability to develop a better traffic feed system and greater network connectivity, as well as improving the quality of services on existing markets where there is not enough demand to support larger single aisle aircraft operations.” The region’s economic growth has altered its socio-demographic context, with an increased urban middle class with more discretionary spending and therefore higher propensity to air travel. A positive economic outlook and intra-regional liberalization will drive air transport demand in Asia Pacific to increase 6% annually by 2032, led mainly by China and India. The region will become the world’s largest market accounting for 34% of total revenue passenger kilometers.
February 12, 2014 · 12 Views
Nigerian-based Discovery Air has selected ASC to provide full component support on its fleet of Boeing B737-300 aircraft. This Power-by-the-Hour (PBH) contract will cover an initial three operational aircraft, with scope to expand as the airline looks to develop its route network domestically and regionally to destinations including Gambia, Ghana and Cameroon. New start-up Discovery Air was incorporated in July 2008 and is set to begin operations with domestic and regional flights from its main hub in Lagos, Nigeria. Selected for the company’s superior strength on the B737 platform, ASC will support Discovery with a dedicated home base stock on-site in Lagos and component pool at London Gatwick. The contract will continue for a period of three years with the option to renew at the end of the term.
February 12, 2014 · 21 Views
Turbomeca (Safran) announced its agreement with Indonesia’s PT Travira Air for a Customer Support agreement extending a “Support By The Hour” (SBH) contract for five more years. The €5.7m ($9.5m) contract covers a total of 20 engines (Arriel 1D1, 2S1,2S2 and 1S1), including spares, fitted to seven Sikorsky S76 and one Airbus Helicopters AS350B2 aircraft. Through this agreement Turbomeca reaffirms its commitment to supporting PT Travira Air’s fast-growing off-shore operations, from bases in Jakarta (Indonesia) and Kota Bahru (Malaysia).
February 12, 2014 · 25 Views
Rolls-Royce has completed a long-term agreement with Lockheed Martin worth up to US$1bn to deliver approximately 600 engines to power future C-130J Super Hercules aircraft. The agreement secures the Rolls-Royce AE 2100 as the engine of choice for all variants of the C-130J to 2025. The engine agreement will service US Government and International contract requirements between 2014 and 2018. The AE 2100 powers all C-130Js, while the Rolls-Royce T56 engines power the legacy C-130 fleet. The global C-130J fleet has surpassed 1 million flight hours, and Lockheed Martin recently announced its intent to obtain certification from the Federal Aviation Administration for a new civil variant – the LM-100J. The agreement will ensure the continued success of the versatile and proven C-130J military transport aircraft and its powerful, reliable and fuel-efficient turboprop engines. More than 300 of the four-engine transports have been delivered to customers in 16 countries, across 16 different mission types.
Airbus Group’s North American military aircraft unit expands repair facility at Mobile (Ala.) Regional Airport
February 12, 2014 · 18 Views
The North American operations of Airbus Group’s military aircraft unit opened a new 7,500-ft² component repair facility located at the Mobile (Ala.) Regional Airport. The expansion of the new component repair facility is yet another industrial resource to improve customer service for the company’s medium and light multi-mission aircraft operators. The new services include hydraulic, avionics, composite and structural repairs, painting, component exchange and highly skilled engineering support. The company’s Mobile operation was expanded in October 2009 to become Airbus Group’s military aircraft maintenance, repair and overhaul delivery center in the U.S. This 30,000-ft², 45-person facility provides American operators of the C212 and CN235 tactical transports with the capabilities of a certified FAA and European Aviation Safety Agency repair station as well as direct support from the aircraft manufacturer.
UTC Aerospace Systems expands C.A.R.E. program for maintenance support on Singapore Airline’s Boeing 777 fleet
February 12, 2014 · 13 Views
UTC Aerospace Systems has extended its Comprehensive Accessory Repair and Exchange (C.A.R.E.) program with Singapore Airlines to provide repair services and asset management for the airline’s expanded fleet of Boeing 777 aircraft. The original C.A.R.E. program for Singapore Airlines began in 2007 and included service coverage of air management and electric power systems for the carrier’s B777 fleet. This expansion of the agreement includes service coverage for eight additional B777-300ER aircraft and extends the agreement through the year 2025.
February 12, 2014 · 16 Views
Boeing and Nok Airlines announced a commitment to order eight Next-Generation 737-800s and seven 737 MAX 8s. The commitment, valued at $1.45 billion at list prices, will establish Nok Air as the first airline in Thailand to operate the 737 MAX. Boeing will work with the Bangkok-based airline to finalize the details of the agreement, at which time the order will be posted to the Boeing Orders & Deliveries website.
February 12, 2014 · 13 Views
Air Canada reported record full year earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (“EBITDAR”(1) of $1.433bn (or $1.515bn including the impact of benefit plan amendments) compared to EBITDAR of $1.320bn (or $1.447bn including the impact of benefit plan amendments) in 2012, an increase of $113m (or $68m including the impact of benefit plan amendments). Operating income of $619m increased $177m from 2012. On a GAAP basis, in 2013, net income was $10m compared to a net loss of $136m in 2012. On an adjusted basis, net income was $340m, a record for Air Canada, compared to net income of $55m in 2012, an improvement of $285m.
February 12, 2014 · 24 Views
Pratt & Whitney has signed an exclusive, 10-year Fleet Management Program (FMP) agreement with Malaysia Airlines to maintain the airline’s fleet of 43 PW4170 installed engines and spare engines. The agreement, which includes an option to extend the contract for up to five additional years, is valued at approximately $550m. The Pratt & Whitney engines power Malaysia Airlines’ fleet of A330 aircraft.
February 12, 2014 · 15 Views
With an order for up to 30 CSeries aircraft, CDB Leasing (CLC) of China will be the first recipient of Pratt & Whitney PurePower engines in mainland China. In a purchase agreement with Bombardier Aerospace, CLC will receive up to 30 CS100/CS300 aircrafts. The CSeries aircraft family is powered exclusively by Pratt & Whitney PurePower PW1500G engines.
February 12, 2014 · 21 Views
The Government of Canada announced amendments to the Canadian Aviation Regulations which will set the groundwork for the introduction of the Multi-crew Pilot Licence (MPL), extend the validity period of medical certificates associated with certain pilot licences and modify the requirements regarding credits of co-pilot flight time. Industry groups, including training organizations, pilot associations, unions and operator associations, have widely supported these regulatory amendments, which bring Canada in line with international standards.
February 12, 2014 · 23 Views
AgustaWestland and Weststar Aviation Services announced that a contract for 10 AW139 intermediate twin helicopters was signed on February 11th, at the Singapore Air Show. This additional order by one of the major oil & gas operators in the area confirms the incredible success of the AW139 and of AgustaWestland for offshore missions with a 56% market share in the intermediate category in the last 5 years.
February 12, 2014 · 27 Views
Amedeo (previously Doric Lease Corp) and Airbus have finalised the contract for 20 A380s originally announced at the 50th Le Bourget Airshow on June 17th, 2013. The final agreement was signed at the Singapore Airshow 2014 by Mark Lapidus, CEO of Amedeo and John Leahy, Airbus Chief Operating Officer, Customers.
February 12, 2014 · 32 Views
Airbus and Satair opened their first joint parts support and distribution facility, “Satair Airbus Singapore Centre” (SASC), located at the Seletar Aerospace Park in Singapore. The 16,700 m² facility will serve customers in the Asia-Pacific region, consolidating the supply chain operations of both Airbus and Satair. Building on both companies’ existing presence, SASC has the capacity to almost triple the scope of parts handled. The centre will become the primary spare parts hub for Airbus in the region, providing 24/7 support to airlines and MROs, 365 days a year. The opening consummates the merger of Airbus’ former Material and Logistics Management function with Satair – which has now become one common organization: ‘Satair Group’.
February 12, 2014 · 30 Views
Boeing named Maureen Dougherty as the president of Boeing Australia and South Pacific. She previously led one of the company’s major defense projects, the U.S. Air Force KC-46A Tanker program. Dougherty succeeds Ian Thomas, who held the job from 2009. Thomas was named president of Boeing China, based in Beijing, last month. Both appointments will be effective by the end of March.
February 12, 2014 · 38 Views
Falko Regional Aircraft (Falko), a global lessor focused on the regional aircraft sector, has added a CRJ900 aircraft to its portfolio. The aircraft, manufactured in 2006 and acquired from Bombardier, is on lease to Mesa Airlines Inc. and is operating on behalf of US Airways, now part of the American Airlines Group.
Embraer Executive Jets signs contract with Hawker Pacific for Legacy 500 and Legacy 450 support in Asia Pacific
February 13, 2014 · 27 Views
Embraer Executive Jets has signed a contract with Hawker Pacific to provide full maintenance support to Legacy 500 and Legacy 450 customers in the Asia Pacific region. This agreement comes ahead of the Legacy 500 midsize jet’s entry into service in the first half of 2014. The Legacy 450 mid-light jet’s certification is expected a year later.
February 13, 2014 · 10 Views
Rolls-Royce’s underlying revenue increased 27% to £15.5bn, including £2.6bn in revenue from Tognum. Excluding Tognum, the Group’s revenue increased 6% to £12.9bn, with 7% growth in original equipment and 4% growth in services. In 2013, 47% of the Group’s revenue was generated by the sale of aftermarket parts and services (52% in 2012). Underlying profit before tax increased 23% to £1.8bn, including a £180m increase from Tognum. Excluding Tognum, profit increased 11% to £1.5bn, reflecting volume growth, continued strong margins in Defence Aerospace and the restructured relationship with International Aero Engines. The order book increased 19%, to £71.6bn, up 16% excluding Tognum. Power Systems’ order book of £1.9bn, reflects growth of 6%. Rolls-Royce received orders for engines to power 334 widebody aircraft; a significant year for Civil Aerospace. The order book increased in Civil Aerospace, Marine, Energy and Power Systems, but decreased in Defence Aerospace. The order intake in 2013 included new orders of £18.9bn in Civil Aerospace, £1.6bn in Defence Aerospace, £2.7bn in Marine, £1.1bn in Energy and £2.7bn in Power Systems. The regional composition is broadly unchanged, with Asia and the Middle East representing 49% of the total order book.
February 13, 2014 · 6 Views
Embraer S.A. has signed a definitive agreement with India’s Air Costa for a firm order for 50 E-Jets E2s with an additional 50 purchase rights. The acquisition is a mix of 25 E190-E2s and 25 E195-E2s and has an estimated value of $2.94bn based on 2014 list prices. The purchase rights are for an additional 25 E190-E2s and 25 E195-E2s, bringing the total potential order to up to 100 aircraft and can reach $5.88bn if all are exercised. This transaction raises the total E-Jets E2 orders to 200 firm and 200 options/purchase rights since the launch of the E2 program, in June 2013. Air Costa has become the first customer of E-Jet E2s in the Indian market and will take delivery of the E190-E2 in 2018. The E195-E2 is scheduled to enter service in 2019. Today, the airline flies four E-Jets: two E170s and two E190s. Air Costa is based out of Vijayawada, Andhra Pradesh.
February 13, 2014 · 20 Views
Sabaidee Airways signed an agreement with Ameco Beijing during Singapore Airshow on February 12th, which covers customer’s fleet service from 2014 to 2018 including AOG support, airframe C/D check, engine repair/overhaul, LDG repair/overhaul.
February 13, 2014 · 23 Views
Taiwanese full service airline, TransAsia Airways collected its first new ATR 72-600 plane at a ceremony with ATR, the world’s largest manufacturer of regional turboprop aircraft, in Toulouse, France today. The plane is the first of 12 ATR 72-600s ordered by TransAsia Airways as part of its fleet renewal and growth program. Other planes, which will gradually replace the aircraft currently operated by TransAsia, are scheduled to be delivered within the next 2 years. The airline will start commercial services on February 21st from Taipei Songshan Airport to Magong, gradually expanding services to all other domestic routes. The investment in new planes is part of the airline’s modernization plan, which maintains Trans Asia as one of Asia’s top regional airlines.
February 13, 2014 · 1235 Views
At the Airshow in Singapore BNP Paribas and VietJetAir have reached a mutual agreement wherein BNP Paribas was assigned to be the adviser and financing arranger for VietJetAir’s aircraft order. In which BNP Paribas will arrange financing for the first three aircrafts that VietJetAir will receive in 2014. The value of these three aircrafts is at US$270m. The two parties also agreed that BNP Paribas will be VietJetAir’s strategic partner in other aircraft financing plans in the future. BNP Paribas is a leading international bank in aviation finance, serving 128 airlines and aircraft leasing firms. In 2012 and 2013, the bank helped consulting and arranged financing for 125 aircrafts and the amount of loans that BNP Paribas has arranged was US$7.4bn in 2012.
February 13, 2014 · 9 Views
AJW Aviation has signed a five year framework agreement with East Air the private carrier based in Tajikistan. The airline operates one A320-300 and one Boeing 737-400 aircraft and will be fully supported by AJW across the supply and repair of components, as well as AJW’s global AOG service. This end-to-end programme is backed up by AJW’s strategic inventories located in Russia and Eastern Europe, and the dedicated Russian speaking support teams across the region. East Air was the first private airline in Tajikistan, and the first to fly Boeing and Airbus aircraft in the country. Since 2007 East Air has operated flights to Moscow, St. Petersburg, Novosibirsk, Yekaterinburg, Kazan and Orenburg.
February 13, 2014 · 2 Views
Aerolíneas Argentinas ordered GE’s CF6-80E1 engines to power its four new Airbus A330-200 aircraft. “GE and Aerolíneas Argentinas have a strong relationship with the majority of their fleet powered by GE or CFM56* engines,” said Doug Izarra, Vice President for the Americas Sales at GE Aviation. “The selection of CF6-80E1 engines will continue to strengthen our relationship and demonstrates Aerolíneas Argentinas continued commitment to GE technology.”
February 13, 2014 · 28 Views
Nepal Airlines Corporation (NAC) has signed its first order with IAE International Aero Engines AG to supply V2500-A5 SelectOne engines to power two new firm A320ceo aircraft plus options for two additional aircraft. Aircraft deliveries are scheduled for 2015.
February 13, 2014 · 29 Views
Triumph Group released that Jeffrey L. McRae had been elected Senior Vice President and Chief Financial Officer in accordance with a previously announced transition. He succeeds M. David Kornblatt, who has assumed new duties with the company as Director of Corporate Development.
February 13, 2014 · 19 Views
Copa Holdings reported net income of $113.9m for 4Q13, as compared to net income of $86.6m in 4Q12. Excluding special items, which for 4Q13 includes a non-cash impairment charge of $31.2m on Intangible Assets booked in 2005 related to the acquisition of AeroRepublica (now Copa Colombia) and a non-cash gain of $2.6mn associated with the mark-to-market of fuel hedge contracts, Copa Holdings would have reported adjusted net income of $142.5m compared to adjusted net income of $89.3m 4Q12. Net income for full year 2013 reached $428.2m, compared to $326.5m for full year 2012. Excluding special items, which for 2013 includes a non-cash impairment charge of $31.2m on Intangible Assets booked in 2005 related to the acquisition of AeroRepublica (now Copa Colombia), a $13.9m loss related to the Venezuelan devaluation of February 2013, and a non-cash gain of $5.2m associated with the mark-to-market of fuel hedge contracts, Copa Holdings would have reported an adjusted net income of $468.1m, compared to adjusted net income of $336.1 for full year 2012.
February 13, 2014 · 15 Views
IAE International Aero Engines has awarded Singapore-based operator Tigerair the Pure-V designation for V2500 engines powering its aircraft. A Pure-V designated engine contains IAE-approved parts and repairs throughout the entire engine. The program was created to provide a designation IAE customers’ engines that have been maintained to OEM standards, for example those covered by a Fleet Hour Agreement (FHA), and to recognize the superior value of these engines. According to IAE’s records, approximately 60% of the V2500 fleet qualifies as Pure-V.
February 13, 2014 · 33 Views
Pratt & Whitney has signed an exclusive, three-year Engine Management Program (EMP) agreement with Pakistan International Airlines (PIA) to maintain the airline’s fleet of 12 PW4152 installed engines. The Pratt & Whitney engines that are covered under this agreement power PIA’s fleet of A310 aircraft.
February 13, 2014 · 28 Views
Pratt & Whitney will provide exclusive power for 50 firm Embraer E-Jets E2 aircraft, with an additional 50 purchase rights, for an order announced by Embraer and Air Costa. Deliveries are scheduled to begin in 2018. The PurePower Geared Turbofan (GTF) engine family has more than 5,000 orders and commitments, including options.
February 13, 2014 · 13 Views
THAI Smile, a subsidiary of THAI Airways and Airbus have extended their existing 15 years ‘Flight Hour Services – Tailored Support’ (FHS-TSP) contract, adding nine additional leased A320 aircraft to cover its entire fleet of 20 A320 aircraft. The contract provides an extensive scope of A320 line replaceable units (LRUs), guaranteed spare parts availability through Pool access service and on-site stock at THAI Smile’s main base and selected outstations, repair services, logistics services, tools availability, APU and nacelle services.
February 13, 2014 · 33 Views
Norwegian has signed an agreement to acquire four new Boeing 787-9 Dreamliners. This means that the company has ordered 14 wide-body aircraft in total; three of which are already in service. The 787-9 is larger than the 787-8 that Norwegian currently operates on its long-haul routes. Norwegian continues to expand its international operations by entering into an agreement with International Lease Finance Corporation (ILFC) to lease four Boeing 787-9 Dreamliners. The new Dreamliners are expected to enter service in 2017 and 2018.
February 13, 2014 · 29 Views
Bombardier Aerospace’s revenues amounted to $2.9bn for the three-month period ended December 31, 2013, compared to $2.6bn for the corresponding period last fiscal year. For the year, revenues totalled $9.4bn, compared to $8.6bn last fiscal year. For the fourth quarter ended December 31, 2013, EBIT totalled $93m, or 3.2% of revenues ($94m, or 3.3%, before special items), compared to $84m, or 3.2%, for the same quarter the previous year. EBIT before special items totalled $388m or 4.1% of revenues for the year ended December 31, 2013, compared to $367m, or 4.3% last fiscal year. For the year, EBIT was $418m, or 4.5% of revenues, compared to $390m, or 4.5%, last fiscal year. Free cash flow totalled $87m for the fourth quarter ended December 31, 2013, compared to $277m for the corresponding period last fiscal year. For the year ended December 31, 2013, free cash flow usage totalled $1.2bn compared to a usage of $867m for the last fiscal year. A total of 238 aircraft were delivered during the year ended December 31, 2013, compared to 233 for the last fiscal year, mostly in line with guidance.