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Thursday, April 03, 2014

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.

GE Aviation and Evergreen form new venture for engine overhaul

April 1, 2014 · 108 Views

GE Aviation and Evergreen Aviation Technologies announced formation of a new joint-venture company specializing in the overhaul of the GEnx, the fastest-selling engine in GE Aviation history. The new company, GE Evergreen Engine Services, builds on more than 15 years of close cooperation between GE Aviation and Evergreen. GE Aviation will begin providing training and tooling for GEnx later this year, and the facility will be able to perform limited work on GEnx beginning in 2015 with full overhaul capability to follow by 2019. The GEnx engine family is the fastest-selling engine in GE Aviation’s history with more than 1,500 engines on order. The engine entered service in 2011 and powers both the Boeing 787 Dreamliner and the Boeing 747-8. GE Aviation has been increasing production of the engine for the last two years and will deliver nearly 300 GEnx engines in 2014.

AEI launches B737-800SF & B737-800C conversion programs

April 1, 2014 · 40 Views

Aeronautical Engineers has formally launched both Passenger to Freighter and Passenger to Combi Conversion Programs for the Boeing 737-800. Both programs have been studied for the past year and will be marketed as B737-800SF (Special Freighter) and B737-800C (Combination Passenger and Freighter). The program development costs are being fully funded by AEI. The modification touch labor will be performed at Commercial Jet’s Miami Florida facility, which is one of five authorized AEI Conversion Centers worldwide. AEI will make both conversions available at all authorized AEI Conversion Centers shortly after issuance of the STC by the FAA and expects the initial development and certification to take two and a half to three years. After the initial FAA STC issuance, AEI plans to certify both conversion programs with the EASA, CAAC, ANAC and Russian authorities.

Specialised Monarch AOG response team deploys to the Maldives for Mega Maldives Airlines

April 1, 2014 · 38 Views

Monarch Aircraft Engineering (MAEL) has recently deployed SMART (Specialised Monarch AOG Response Team) to carry out engine repairs for Mega Maldives Airlines. Under terms of the agreement, MAEL’s highly skilled engineers were despatched from the UK to the Maldives and successfully carried out acoustic panel repairs on the international airline of the Republic of Maldives’ Boeing 757 aircraft. SMART operates under MAEL’s EASA 145 approval and has a highly experienced team of engineers on 24/7 standby 365 days a year.

Air Services offers hydrostatic services

April 1, 2014 · 30 Views

Air Services, a Directional Capital company specializing in off-wing services and commercial maintenance, expanded their capabilities to now include hydrostatic services. “We have completed the required DOT certification and FAA approval to support all hydrostatic testing and capabilities. We expanded our composite and accessory facility by an additional 5,000 sq. feet to house this new capability. Our centrally located facility, offering seven days a week coverage, provides our customers with expedited turn-times on their units. We are continuously looking to expand or improve upon the services we offer our customers. This service allows another avenue for Air Services to support the aviation market,” said David Williams, Operations Manager of Air Services.

Aviointeriors delivers first three A321 shipsets of Columbus Two to Aegean Airlines

April 1, 2014 · 35 Views

Aegean Airlines took delivery of the first three A321 shipsets of Columbus Two, the seat model for medium range applications that belongs to the Columbus Family, Aviointeriors’ lightweight economy class products. The delivery program will continue over the coming weeks on a tight schedule in order to support the growing commitments of the Greek airline which has enforced both the number of its routes and its fleet. The Columbus Two seats, already installed on B737-800, will retrofit the whole A320 family fleet of Aegean Airlines.

Embraer Executive Jets delivers 300th Phenom 100

April 1, 2014 · 26 Views

Embraer Executive Jets has delivered the 300th Phenom 100, a clean-sheet-design jet announced in 2005. The first aircraft was delivered in December 2008, and the current fleet is operating in over 25 countries. The 300th Phenom 100 was delivered to Laticínios Bela Vista, an agribusiness company based in Bela Vista de Goiás, in Central Brazil, renowned for its Piracanjuba brand of dairy products. This is the second Phenom 100 for Laticínios Bela Vista, whose primary use of the aircraft is to shuttle corporate officers and management among the company’s industrial facilities, and to visit customers in major cities across Brazil.

Gogo’s Business Aviation Group expands air-to-ground connectivity service to Canada

April 1, 2014 · 32 Views

Aircell, has launched Gogo Biz in-flight Internet and voice service to business aircraft in Canada. Business aviation customers can now use the service anywhere it’s available in the Continental U.S., Alaska and Canada. This latest addition of Canadian coverage is the largest geographical expansion for Gogo Biz since the service was introduced to the business aviation market in 2009. Alaskan coverage was added in 2010. John Wade, Aircell’s Executive Vice President and General Manager, said, “The debut of Gogo Biz service in Canada culminates a multi-year development program and we’re pleased to see it go live. With today’s expansion, business aircraft can now connect everywhere Gogo Biz is available in the Continental U.S., Alaska and Canada – all with a single monthly service plan and no extra fees.”

VAS Aero Services names Tommy Hughes CCO

April 1, 2014 · 78 Views

VAS Aero Services, a global leader in aviation logistics and aftermarket services, has named aviation industry senior executive Tommy Hughes as Chief Commercial Officer. Hughes, formerly senior vice president for sales and marketing for the company, is responsible for global assets and repair services, in addition to worldwide sales. During a 20-plus year career in engine MRO services and sales, and prior to VAS, Hughes worked with Delta Airlines’ Tech Ops, where he led engine maintenance and test cell operations for Delta and third-party customers.

Etihad Regional launches flights between Zurich and Leipzig/Halle

April 1, 2014 · 29 Views

Etihad Regional marked the start of direct daily services between Zurich, Switzerland and Leipzig/Halle, Germany on April 1st.
This is Etihad Regional’s second route launch to Germany from Switzerland, following the start of a Geneva-Stuttgart operation in February. The airline operates already from Leipzig to Amsterdam and Paris.

Boeing, Air Canada finalize order for 61 737 MAXs

April 1, 2014 · 207 Views

Boeing and Air Canada have finalized an order for 61 737 MAX airplanes to lead the airline’s single-aisle fleet renewal plan. The order, valued at $6.5bn at list prices, consists of 33 737 MAX 8s and 28 737 MAX 9s, as well as 18 options and 30 rights to purchase additional 737 MAXs.

Bombardier and Island Air of Hawaii sign purchase agreement for up to six Q400 NextGen airliners

April 1, 2014 · 781 Views

Hawaii Island Air has placed a firm order for two Q400 NextGen turboprop airliners and has also taken options for four additional Q400 NextGen aircraft. The aircraft will be delivered with a dual-class, 71-seat configuration. Island Air is Hawaii’s leading regional airline and second oldest carrier. Based on the list price of the Q400 NextGen airliner, the firm order is valued at approximately $60.9m.

Ethiopian Airlines selects Ameco Beijing for engine overhaul

April 2, 2014 · 64 Views

Ethiopian Airlines signed a three-year contract with Ameco Beijing for engine overhaul services. Based on the contract, Ameco Beijing will overhaul six RB211s for the African carrier in the next three years from 2014 to 2016. The first engine is due to layover in April. This is the second three-year contract Ameco Beijing signed with Ethiopian Airlines, after the first one was completed in 2012. During the first contractual period, Ameco completed engine overhaul on five RB211s of Ethiopian Airlines. The new contract will cement the partnership between Ameco and Ethiopian.

Acro Aircraft Seating reports firm orders into Q4 2014

April 2, 2014 · 32 Views

UK-based passenger aircraft seat manufacturer Acro Aircraft Seating reported a highly successful 2013 and a very promising start to 2014. The company announced firm orders into the fourth quarter of 2014 with recent confirmed orders for the retrofitting of five Spirit Airlines’ Airbus A319 aircraft with its Superlight seat this spring and installation on 25 new A321 and A320 deliveries from 2015. The deal which was worth an estimated £6m marks the company’s second major US client and equates to 5000 economy class seats. With 35,000 seats currently flying, Acro Aircraft Seating anticipates that it will double the number of seats in service within 18 months.

AJW Aviation signs new 5 year PBH-contract with SmartLynx

April 2, 2014 · 25 Views

AJW Aviation has signed a five year contract with SmartLynx, the Latvian based wet-lease and charter specialist. This new power by-the-hour agreement sees the relationship between AJW and SmartLynx extending to 2019, following on from a successful five year PBH agreement signed in 2009. The European airline provides full charter operation for its home markets of Latvia and Estonia and also wet leases its fleet of A320-200 Airbus aircraft. The existing fleet of nine aircraft, plus a planned expansion to eleven this summer, will be covered within this agreement. As part of this contract, AJW will base tailored spare parts inventories at numerous hubs which can be accessed as and when required, illustrating AJW’s capacity to be flexible and adapt to specific customer needs. In addition, SmartLynx will benefit from AJW’s excellent AOG coverage at almost all points of operation.

GE Capital Aviation Services delivers new leased Airbus A320 to Aigle Azur

April 2, 2014 · 35 Views

GE Capital Aviation Services announced delivery of a new leased Airbus A320 aircraft to Aigle Azur to expand the carrier’s fleet. The aircraft comes from GECAS’ existing order book with Airbus.

United Airlines takes delivery of first Embraer E175

April 2, 2014 · 27 Views

Embraer delivered the first E175 jet to United Airlines. This aircraft is part of the contract signed between the two companies in April of 2013 for a firm order of 30 E175 jets. The E175s will be operated by Mesa Airlines of Phoenix, AZ, under the United Express brand and are configured in a 76-seat dual class layout.

328 secures contract to manufacture galley complex for Jet Aviation

April 2, 2014 · 40 Views

328, the Germany-based refurbishment, completions and maintenance aviation company and part of the 328 Group, has won a contract to manufacture an Airbus A340-600 rear galley complex for Jet Aviation Basel, Switzerland. The manufacture will be undertaken at 328’s Headquarters in Oberpfaffenhofen, Germany with installation to take place at Jet Aviation in Basel. The project work which began in early March is due for completion in summer 2014 for delivery to an undisclosed VVIP private customer. This will mark the company’s third galley project for Jet Aviation, reflecting their mutually strong commitment to quality, attention to detail and on time delivery. To complete the project, 328 will construct the entire ‘U’ shaped rear galley structure (which comprises two sides and a bulkhead) from raw materials including assembly and mounting attachments to a high end customised specification. Based on the Original Equipment Manufacturer (OEM) footprint, this complex will feature high strength, lightweight materials. The electrical system and water services will be assembled and installed by 328. Surfaces will feature renowned Corian worktops and each side of the galley will come equipped with a number of appliances to include, steam ovens, microwave, refrigerators, ice draws and coffee machines.

GA-Finance successfully places two CRJ’s

April 2, 2014 · 23 Views

GA-Finance has successfully placed two CRJ200LR aircraft with Cimber A/S, serial numbers 7622 (OY-RJK) and 7591 (OY-RJM). The aircraft were previously operated by Air Nostrum and will continue to be managed by GA-Finance. The successful placement of these aircraft in a challenging environment demonstrates that the aircraft type is still in demand for a specific operator base in Europe. GA-Finance is an independent asset finance company globally active as regional aircraft lessor with the special focus on ATR, Bombardier, Embraer and Fokker aircraft. The company is based in Amsterdam, the Netherlands but also has operations in the UK and Ireland.

TAP M&E Brazil delivers first F5 to FAB

April 2, 2014 · 78 Views

TAP Maintenance and Engineering Brazil S.A. (TAP M&E Brazil) received the first F-5EM/FM aircraft from the Brazilian Air Force (FAB) at the end of last year, to perform the 600 hours DEPOT Level Inspection. The airplane was delivered to the Aeronautic Park of São Paulo (PAMASP), on March 24, 2014, after performing a test flight. The F5E (M) aircraft, tail number 4834, is the first of 58 aircrafts to be inspected under a contract valid for five years, signed last October 2013.

Air Canada finalizes $1.6bn LEAP-1B engine order

April 2, 2014 · 32 Views

Canadian flag carrier Air Canada has finalized its order for 122 LEAP-1B engines to power 61 Boeing 737 MAX airplanes. The value of the firm engine order is $1.6bn at list price. The airline, which has been a CFM operator since 1990 and currently operates a fleet of 89 CFM56-powered aircraft, also has options and rights to purchase for an additional 96 LEAP-1B engines. The LEAP-1B is the sole powerplant for the Boeing 737 MAX scheduled to go into production in 2017.

Delta reports operating performance for March 2014

April 2, 2014 · 23 Views

Delta reported March traffic increase of 3.9% compared to the same period in 2013, while capacity for the month increased 3.2%. The load factor for March improved 0.6 points to 85.3%.

Boeing launches BBJ MAX family with first order

April 2, 2014 · 31 Views

Boeing reported the launch of the Boeing Business Jet (BBJ) MAX family of airplanes after receiving the first order from an undisclosed customer. The order is for a BBJ MAX 8, which is based on the 737 MAX 8 and the newest business jet to join the BBJ family. The BBJ MAX 8 will have a range of 6,325 nautical miles (11,713 km), an increase of more than 800 nautical miles (1,482 km) over the BBJ2. It will share the same cabin size with today’s BBJ2, offering customers a 19-ft (5.8 meter) longer cabin and three times the cargo space of today’s BBJ, while improving on its market-leading range capability and maintaining the BBJ advantages of lower cabin altitude, unmatched reliability and outstanding product support around the globe.