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Thursday, May 01, 2014

AviTrader Daily Aviation News Alert

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Emirates reject Delta’s apology regarding Anderson’s 9/11 comments

February 20, 2015 · 556 Views

The bitter dispute between US- and Gulf-based airlines has reached a new level after Emirates flatly rejected an open apology made concerning what was seen as incredibly tactless and insensitive remarks made by Delta’s Chief Executive, Richard Anderson. The unfortunate incident relates back to comments made by a group of American airlines that a number of the larger Gulf carriers had benefited from state subsidies amounting to a figure in excess of US$40bn. As a consequence the American airlines either wanted to renegotiate or scrap the current Open Skies agreement.
Offended by such claims, the Gulf carriers retaliated by questioning whether or not US airlines had received government subsidies totaling US$5bn in the wake of 9/11. Unfortunately Delta’s Anderson, responding to this claim on CNN, said: “It’s a great irony to have the United Arab Emirates from the Arabian Peninsula talk about that, given the fact that our industry was really shocked by the terrorism of 9/11, which came from terrorists from the Arabian Peninsula.” While the UAE and Qatar, two of the States’ allies who have offered either military or logistical support for international operations were particularly upset by these comments, Delta simply made it clear that Anderson had been responding to claims regarding post 9/11 subsidies. “He didn’t mean to suggest the Gulf carriers or their governments are linked to the 9/11 terrorists. We apologize if anyone was offended.”
Unfortunately the largest of the three main Gulf carriers did not see this as acceptable. “We believe that the statements made this week by Mr. Anderson were deliberately crafted and delivered for specific effect,” it confirmed in a statement. However US airlines continue to complain that they have lost significant numbers of bookings since 2008 as a result of Gulf competition and cited documents they indicate demonstrate aid which has allowed their competitors to offer cheap fares. In retaliation, Gulf officials say that most US carriers do not fly the same routes and are losing business only because they offer an inferior service.
This is not a dissimilar situation to the one between Gulf airlines and European carriers, including Lufthansa, and coincidentally has come at the same time as US airlines are trying to have US Exlm Bank closed down. They believe Gulf carriers are benefitting to a greater degree from the export credit agency. The tit-for-tat dialog continues with Western airlines showing concern for the safety of thousands of service industry jobs, a complaint to which Gulf carriers have responded by making it very clear they support at least as many jobs in the aerospace sector with their huge orders for aircraft.

Snecma and HAL to create joint venture and build a new production facility in India

February 20, 2015 · 655 Views

Snecma (Safran), a leading manufacturer of aircraft engines, and Hindustan Aeronautics  (HAL), a leading aerospace manufacturer, signed a Memorandum of Understanding (MoU) on January 28th, 2015 in Bangalore to explore establishing a joint venture in India for the production of aero-engine parts.  The proposed joint venture will initially focus on the manufacture of high-tech parts for the Dassault Rafale’s Snecma M88 engine, then subsequently contribute to other major aerospace projects of HAL & Snecma, in India and worldwide. Spanning over 30,000 m², the proposed joint venture’s new plant is expected to benefit from substantial investment by the two partners, providing it with state-of-the-art machinery and equipment. This agreement marks a major step forward in the long-standing collaboration between Snecma and HAL. The proposed joint venture will further broaden the scope of the excellent relations established over the past 60 years between Safran affiliates and the Indian aerospace industry. For example, Snecma manufactures the M53 engines powering the Mirage 2000H “Vajra” fighters operated by the Indian Air Force.

Design flaws led to 787 battery fire

December 2, 2014 · 197 Views

On the 7th January 2013 a fire was reported on board a Boeing 787 Dreamliner while parked at Boston’s airport in the USA. The fire was put down to a problem with one of the plane’s lithium-ion batteries. A week later an All Nippon Airways 787 Dreamliner had to make an emergency landing after smoke was discovered inside the plane which was subsequently traced back to another lithium-ion battery. As a consequence of this incident, all 787 Dreamliners were grounded until April of that year until further acceptable testing and improvements were carried out to the battery system on board the plane. The battery itself was manufactured by GS Yuasa and comprised eight individual cells making up a combined weight of 63lbs.
Nearly two years later and the results of the investigation into the first incident have concluded that the lithium-ion battery installed in the plane should not have received certification by the FAA. The National Transport Safety Board (NTSB) were also critical of Boeing who they believed had erroneously ruled out the chances of thermal runaway in its assessment of the battery’s safety. Boeing’s battery tests to obtain original certification included crushing battery cells, driving nails through them and deliberately introducing short circuits to cause failure. Boeing found “nothing adverse happened” while these tests were carried out, and so deemed the battery’s box and internal protection to be of an acceptable standard. Boeing stated that it had followed the certification process set out by the FAA. It would seem that while the cause of the fire has been clearly identified, responsibility for its occurrence has not been accepted in full by anyone.

Rolls-Royce forced to axe 2,600 jobs after second profit warning this year

November 5, 2014 · 164 Views

Back in February this year, Rolls-Royce, the FTSE-100 engine maker, lost over £3bn of its value after shocking the market with its first profits warning in a decade. To announce a second one this October has created considerable concern and Rolls-Royce has decided that over the next 18 months they need to reduce costs by up to £80m a year by axing 2,600 jobs, the majority of which will be in the aerospace sector in Britain and the United States. The focus is on Rolls-Royce’s key Trent engines as they move from the development to the production phase, which consequently requires fewer engineers.
Back in February John Rishton, Rolls-Royce group’s Chief Executive, had admitted that the future was “bumpier than I had expected”, while blaming the current problems on deteriorating economic conditions and a tit-for-tat trade war between the EU and Russia over the Ukrainian crisis which had affected its nuclear and energy business as well as its power-systems unit. This week Rishton has had to admit that “We are taking determined management action and accelerating our progress on cost. The measures announced today will not be the last; however they will contribute towards Rolls-Royce becoming a stronger and more profitable company.”
Another consequence of the situation is the unexpected departure of Finance Director, Mark Morris, leaving the company after 27 year without any explanation. He will be replaced by David Smith, who is being promoted from Finance Director of the Rolls-Royce Aerospace division. This second profit warning saw share value fall 11% to 832p, wiping a further £2bn off the company’s value. However, news of the redundancies was well received by investors and the share price rallied by 2%, currently standing at 832p. This is clear confirmation of comments made by Espirito Santo’s analyst, Ed Stacey, who indicated that investors would be expecting a clear message from the new Finance Director and tight control on all finances.

Air France-KLM selects GEnx engines for Boeing 787 fleet

March 25, 2014 · 113 Views

Air France-KLM selected the GEnx-1B engine to power its 25 Boeing 787 Dreamliners and 12 leased 787 aircraft. The total engine order is valued at more than $1.7bn. Air France-KLM and GE Aviation have also signed an agreement that will allow Air France-KLM to offer maintenance, repair and overhaul (MRO) services for the GEnx-1B engine. Under this agreement, Air France-KLM will be licensed to perform maintenance and overhaul work on the GEnx-1B engine and GE will provide technical support and assistance on overhaul workscoping and component repair licenses, comprehensive material support and training.

ILFC closes $1.5bn senior secured term loan

March 7, 2014 · 80 Views

International Lease Finance Corporation (ILFC) has closed a new senior secured term loan of $1.5 billion. The loan will bear interest at LIBOR plus 275 basis points with a 0.75% LIBOR floor, is priced at 99.5% of par value, and will mature in 2021. The collateral used to support the transaction has an initial weighted average age of 9.1 years. It will be secured primarily by a first priority-perfected lien on the equity of certain of ILFC’s subsidiaries, which directly or indirectly own a pool of aircraft and related leases. ILFC plans to use the proceeds for general corporate purposes, including purchasing aircraft and supporting the company’s liquidity cushion.

Airbus Commercial reports another year of financial improvement

February 26, 2014 · 80 Views

In 2013, Airbus achieved a new industry record of 1,619 gross commercial orders (FY 2012: 914 gross orders) with net orders of 1,503 aircraft (FY 2012: 833 net orders), excluding ATR. Gross orders comprised 1,253 A320 Family aircraft, 77 A330s, 239 A350 XWBs and 50 A380s. Fourth-quarter orders included Emirates Airline’s agreement for 50 A380s and Etihad Airways’ order for 50 A350 XWBs, 36 A320neos and one A330-200F. Airbus Military (now part of Airbus Defence and Space) received 17 net orders (FY 2012: 32 net orders). Airbus’ net order intake increased sharply to €202.3bn (FY 2012: €88.9bn). At the end of 2013, Airbus’ consolidated order book was valued at €647.4bn (year-end 2012: €525.5bn). The Airbus Commercial backlog was worth €627.1bn (year-end 2012: €505.3bn), comprising 5,559 Airbus aircraft (year-end 2012: 4,682 units) and representing over eight years of production. Airbus Military’s order book was worth €20.8bn (year-end 2012: €21.1bn). Airbus series aircraft deliveries increased to 626 aircraft (FY 2012: 588 aircraft, including three A330s without revenue recognition). Airbus Military delivered 31 aircraft (FY 2012: 29 aircraft). Airbus’ consolidated revenues increased seven percent to €42,012m (FY 2012: €39,273m), reflecting higher commercial and military aircraft deliveries. The Division’s consolidated EBIT rose to €1,710m (FY 2012: €1,252m). Airbus Commercial’s revenues rose to €39,889m (FY 2012: €37,624m). The Airbus Commercial reported EBIT was €1,595m (FY 2012: €1,147m) with the EBIT before one-off at €2,216m (FY 2012: €1,669m). Airbus Commercial’s EBIT before one-off benefitted from the improved operational performance, including favourable volume, some better pricing and an improvement in A380 losses. It also included higher A350 XWB programme support costs. Revenues at Airbus Military rose to €2,893m (FY 2012: €2,131m), driven by the A400M ramp-up and higher volumes from both light and medium transport planes and tankers. The EBIT at Airbus Military was €166m (FY 2012: €93m).

Boeing Commercial Airplanes reports full year revenue of $53bn

January 29, 2014 · 76 Views

Boeing Commercial Airplanes fourth-quarter revenue increased to $14.7bn and full-year revenue increased to a record $53bn on higher delivery volume. Fourth-quarter operating margin improved to 10.3% and full-year operating margin grew to 10.9% on the higher volume, favorable delivery mix and continued strong operating performance. During the quarter, the company launched the 777X with 259 orders and commitments. During the year, the 787 program completed first flight of the 787-9, successfully launched the 787-10 and began operating at a 10 per month production rate in final assembly. The 737 program delivered at a record production rate of 38 per month and has won nearly 1,800 firm orders for the 737 MAX since launch. In 2013, a record 648 commercial aircraft were delivered. In January 2014, the company reached an eight-year contract extension through 2024 with the International Association of Machinists & Aerospace Workers District 751 (IAM). Commercial Airplanes booked 465 net orders during the quarter and 1,355 during the year. Backlog remains strong with 5,080 airplanes valued at a record $374 billion.

A350 XWB in Bolivia for high altitude testing

January 9, 2014 · 67 Views

The A350 XWB development aircraft, MSN3, is in Bolivia where it will perform a series of tests at the high altitude airfields of Cochabamba and La Paz. Cochabamba is around 8,300 feet above sea level, and La Paz is one of the world’s highest airports at 13,300 feet. Operations at such high altitude airfields are particularly demanding on aircraft engines, Auxiliary Power Unit (APU) and systems. The aim of these trials is to demonstrate and validate the full functionality of engines, systems, materials as well as to assess the overall aircraft behaviour under these extreme conditions. A number of take-offs with all engines operating and with simulated engine failures are being performed at each of the airfields to collect data on engine operating characteristics and validate the aircraft take-off performance. The autopilot behaviour will also be evaluated during automatic landings and go-arounds. Since the A350 XWB’s first flight with MSN1 on June 14th 2013, over 800 flight test hours have been performed in close to 200 test flights by both MSN1 and MSN3. In total the A350 XWB flight test campaign will accumulate around 2,500 flight hours with the fleet of five aircraft. The rigorous flight testing will lead to the certification of the A350-900 by the European EASA and US FAA airworthiness authorities, prior to entry into service in Q4 2014.

Firefly welcomes first ATR 72-600

July 5, 2013 · 66 Views

Firefly, Malaysia Airlines’ subsidiary carrier has taken ownership of its first brand-new ATR 72-600. The aircraft is the first of 20 latest generation firm ATRs, plus 16 options, ordered by Malaysia Airlines in December 2012. Firefly currently operates 12 ATR 72-500s, and with the arrival of the new ATR 72-600s will almost triple its exclusively ATR 72 aircraft fleet, taking the total to over 30 aircraft.

GE’s Passport engine begins first full engine test

June 26, 2013 · 42 Views

Certification testing is underway on the first Passport development engine at GE Aviation’s Peebles Testing Operation in Ohio. The engine began ground testing on June 24th and ran for more than three hours, reaching more than 18,000 lbs. of standard day sea-level takeoff thrust. Eight Passport engines and one core will be involved in the engine certification program. Flight testing on GE’s flying testbed is scheduled for 2014. Engine certification is expected in 2015. The Passport engine certification program follows three years of validation testing. GE Aviation has conducted validation tests on the fan blisk design, including two fan blade-out rig tests, ingestion tests and a fan aero rig test to demonstrate fan efficiency. Testing is complete on the third eCore demonstrator, and GE has accumulated more than 300 hours of testing on eCore demonstrators to date.

Rolls-Royce wins order from CIT to power 23 aircraft

May 22, 2013 · 55 Views

Rolls-Royce has won an order from US leasing company CIT Aerospace for Trent XWB engines, to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft. The Trent XWB engines will power ten CIT A350 aircraft that were announced in January 2013 which were in addition to five A350 XWB aircraft already on order. The Trent XWB, specifically designed for the Airbus A350, is the fastest selling Trent engine ever, with more than 1,200 already sold. The engine variant that will power the A350-800 and -900 was awarded European Aviation Safety Agency (EASA) type certification in February. The engine will power the first flight of the Airbus A350 XWB this year and the aircraft’s first in-service flight in 2014.

GECAS delivers new leased Boeing 737-800 to China’s Okay Airways

April 29, 2014 · 13 Views

GE Capital Aviation Services Limited (GECAS delivered a new leased Boeing 737-800 aircraft to China’s Okay Airways Company. The aircraft comes from GECAS’ existing order book with Boeing. It is the first of two scheduled for lease to Okay Airways in 2014 to expand the carrier’s fleet. Okay Airways operates a fleet of 24 aircraft from its base in Tianjin to provide scheduled cargo and passenger service to destinations in China.

MTU Aero Engines’ 2014 first-quarter revenues and earnings on previous year’s level

April 29, 2014 · 15 Views

The results reported by MTU Aero Engines AG for the first quarter 2014 are in line with the previous year. Group revenues remained stable at €913.0m (1-3/13: €906.0m). MTU’s operating profit in the first three months of 2014 amounted to €89.0m (1-3/13: €88.3m), resulting in an unchanged EBIT margin of 9.7%. Earnings after tax also reached the previous year’s level, and amounted to €56.0m (1-3/13: €55.5m). In the OEM segment, revenues from both commercial and military engines were slightly up on the previous year. An increase of 2% to €500.5m (1-3/13: €488.4m) was reported for the commercial engine business, which includes engine manufacturing and spare parts. The engines that generated the highest share of revenues were the V2500 engine for the Airbus A320 family, the GP7000 engine for the Airbus A380, and the GEnx engine for the Boeing 787 and 747-8. Commercial maintenance revenues decreased by 3% to €303.6m (1-3/13: €313.1m). The main source of these revenues was the V2500 engine deployed in the Airbus A320 family. The order backlog at March 31, 2014 amounted to €9,832.4m, which corresponds to a production workload of almost three years.

DAE reports full year 2013 revenue of US$2,105m

April 29, 2014 · 33 Views

Dubai Aerospace Enterprise (DAE) reported revenue for full year 2013 increased to US$ 2,105m (AED 7,735m) from US$ 1,943m (AED 7,140m) for full year 2012. Net Income for full year 2013 increased to US$111.6m (AED 410m) from US$7.8m (AED 29.0m) in 2012.

Etihad Airways and Philippine Airlines sign landmark MOU

April 29, 2014 · 26 Views

Etihad Airways and Philippine Airlines (PAL) have signed a Memorandum of Understanding (MoU) that marks a new era of cooperation between the flag carriers. The MoU lays the foundation for a renewed partnership agreement that will deliver a comprehensive range of commercial benefits to the airlines and their customers. Included in its scope are codesharing, frequent flyer reciprocity, airport lounge access, air pass agreements, and cargo cooperation. Etihad Airways President and Chief Executive Officer, James Hogan, said the MoU with Philippine Airlines was an important milestone in the long-standing relationship between the two flag carriers as well as ties between Abu Dhabi and the Philippines.

JetBlue announces departure of COO Rob Maruster

April 29, 2014 · 51 Views

JetBlue Airways reported the departure of Chief Operating Officer Rob Maruster. President Robin Hayes will oversee operational leadership of the airline following Mr. Maruster’s departure. Mr. Maruster joined JetBlue in 2005 as Vice President, Operational Planning. In 2006, he was promoted to Senior Vice President, overseeing Airports, and in 2007 his role was expanded again to lead Customer Services. In 2009, Mr. Maruster was named Executive Vice President, Chief Operating Officer.

Spirit delivers first flight test pylon for Mitsubishi Regional Jet

April 29, 2014 · 21 Views

Spirit AeroSystems celebrated the rollout of the first flight test pylon for the Mitsubishi Regional Jet (MRJ) aircraft. The pylon and underwing structure are used to mount the aircraft’s Pratt & Whitney power plant to the wing and are designed and manufactured by Spirit at the company’s Wichita, Kan., facility. In 2008, Mitsubishi awarded a contract to Spirit AeroSystems to design and build pylons for both the MRJ70 and MRJ90 aircraft models. The work package also includes systems, pylon-to-wing integration hardware and the aft fairing package. Spirit has more than 75 years of experience designing and producing pylons. An industry team of Spirit, Mitsubishi and Pratt & Whitney have worked together to define structural interface points and complete the pylon structural design. The finished product is made of lightweight aluminum, titanium and composite components, and is a combination of purchased items, Spirit-fabricated components and Mitsubishi-furnished equipment.

Volaris reports first quarter 2014 results

April 29, 2014 · 58 Views

Volaris, the ultra-low-cost airline serving Mexico and the US, reported its financial results for the first quarter 2014. Total operating revenues were Ps.2,775mn for the first quarter, a decrease of 9%, reflecting a challenging macroeconomic and pricing environment, as well as a seasonal impact. Holy week, one of the most active travel weeks in Mexico, happened in April of 2014, as opposed to March of 2013. Total operating revenue per available seat mile (TRASM) decreased to Ps.101.2 cents (US$7.7 cents), an 18% decrease year over year. Adjusted EBITDAR was Ps.162m with a net loss of Ps.370m (Ps.0.37 cents per share / US$0.28 cents per ADS).

Turkish Airlines takes delivery of 75th Next-Generation 737

April 29, 2014 · 24 Views

Boeing and Turkish Airlines celebrated the Turkish flag-carrier’s 75th direct delivery of a Next-Generation 737 airplane. The 737-800 arrived at Turkish Airlines’ base at Istanbul’s Ataturk Airport on April 26th and is the latest addition to the Southern European carrier’s growing fleet of more than 100 Boeing airplanes.

Canadian North to establish new Pilot Training Centre in Edmonton

April 29, 2014 · 24 Views

Canadian North is establishing a new Pilot Training Centre at Edmonton International Airport (EIA). The new Pilot Training Centre will house a CAE-built Boeing 737 full-flight simulator. The simulator and facility are planned to be operational and certified by Transport Canada this fall. The centre is located on site at Edmonton International Airport, south of Airport Road. Training of the first pilots will coincide with the completion of facility construction and simulator set-up. The 737 simulator will bring new cost efficiencies for training pilots at Canadian North. Additionally, pilots will now have the option of coming to Edmonton for simulator training, rather than going to other training centres around North America. The new facility will mean added business for local hotels and restaurants. Canadian North’s new Pilot Training Centre at EIA will also offer 737 training to other airlines interested in using the facility.

Delta Private Jets opens new tech service center

April 29, 2014 · 23 Views

Delta Private Jets opened a new, state-of-the-art 40,000 ft² comprehensive maintenance, repair and overhaul facility (MRO) at its headquarters at the Cincinnati/Northern Kentucky International Airport. The Delta Private Jets Tech Service Center provides private jet owners and operators with a one-stop MRO facility servicing a broad range of aircraft. The FAA-certified Part 145 Repair Station was ceremonially opened on April 29th, with a ribbon-cutting event at the facility which included leading members of the local community and aviation industry guests.

Avinco places second A321-200 on behalf of Nouvelair this year

April 29, 2014 · 57 Views

Avinco, the aircraft trading and portfolio management company, has arranged the sale of a second A321-200 on behalf of Nouvelair Tunisia this year. The aircraft, bearing MSN 995, was delivered to Apollo Aviation Group on the April 28th, and will be leased to Germania. This is the second of two aircraft; the first bearing MSN 970 was also placed with Apollo mid-March 2014 and has been operated by Germania since early April.

New appointment at The Charter Company

April 29, 2014 · 80 Views

London based air charter specialist The Charter Company this week announced the appointment of Nick Probin to Director of Sales for their newly created Commercial Aircraft Charter & Leasing Division. Already one of the most respected names in the air charter industry, The Charter Company (TCC) is extending their coverage into the dynamic field of Commercial Aircraft Charter & Leasing following a growing demand for such activity. Nick has been involved in Aviation for over 30 years, initially working for a number of UK airlines and then developing his career in the world of aircraft broking, where he specialised in inter-airline wet leasing and commercial aircraft charters.

Airbus Helicopters completes deliveries of EC135s to Turkey’s THK Gökçen Aviation

April 29, 2014 · 34 Views

Critical-care airlift services from Turkey’s THK Gökçen Aviation are now at their full-up capability following completion of Airbus Helicopters’ delivery of EC135 to this commercial arm of the Turkish Aeronautical Association. Handover of the milestone EC135 occurred at Airbus Helicopters’ Donauwörth, Germany production facility, where the twin-engine rotorcraft is assembled. The EC135 already has demonstrated its capabilities in THK Gökçen Aviation’s emergency medical services (EMS) missions, as more than 2,000 flight hours have been logged since the helicopter’s 2013 service introduction with the operator. THK Gökçen Aviation is utilizing its EC135s in the framework of a five-year EMS contract with the Turkish Ministry of Health.

SriLankan Airlines joins oneworld

April 30, 2014 · 8 Views

SriLankan Airlines becomes part of oneworld from midnight May 1st, offering the full range of services and benefits of the fast growing global airline alliance. The airline becomes the first carrier from the Indian subcontinent to join any of the global airline alliances – and completes oneworld’s biggest expansion program since the alliance was launched 15 years ago.

flydubai celebrates half a million flight hour milestone

April 30, 2014 · 26 Views

flydubai and CFM International celebrated the airline’s achievement of 500,000 engine flight hours with its fleet of CFM56-7B engines. flydubai has been a CFM customer since it launched operations in mid-2009 and currently operates a fleet of 36 CFM56-7B-powered Boeing Next-Generation 737 aircraft. In November, the airline announced an order for up to 200 LEAP-1B engines to power Boeing 737 MAX aircraft, in addition to ordering 22 additional CFM56-7BE engines to power Boeing Next-Generation 737-800 aircraft.

Embraer releases first quarter 2014 results

April 30, 2014 · 37 Views

In the first quarter of 2014, Embraer delivered 14 commercial and 20 executive (17 light and 3 large) jets, the Company’s firm order backlog grew to US$19.2bn, reaching its highest level since the second quarter of 2009, mainly as a result of orders in the Commercial Aviation segment. As a result of aircraft deliveries, coupled with revenues from the Company’s growing Defense & Security business, 1Q14 revenues reached US$ 1,242.3m; revenues increased by more than 50% in both the Defense & Security and Executive Jets segments in 1Q14 compared to the prior year’s quarter, in line with the Company’s diversification strategy. EBIT and EBITDA margins were 7.4% and 12.2% respectively. Net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$110.6m and US$0.6044, respectively. Embraer ended 1Q14 with a net cash position of US$52.7m.

AFI KLM E&M and Air China sign major GE90 engine support contract

April 30, 2014 · 5138 Views

AFI KLM E&M and Air China Technics signed a formal agreement organizing support for the GE90 engines equipping the Chinese carrier’s fleet of Boeing 777 aircraft. With this contract AFI KLM E&M signs its largest contract ever and binds the two parties exclusively over the long term with (PBH) “Power By the Hour” support solutions. This latest agreement extends the fruitful aircraft maintenance partnership between AFI KLM E&M and Air China, operating twenty 777-300ER passenger aircraft and its Joint Venture Air China Cargo eight 777-200 freighters, and is part of wider cooperation moves.

GA Telesis announces asset transactions for Q4 2013 & Q1 2014

April 30, 2014 · 86 Views

GA Telesis announced its asset transactions for the fourth quarter 2013 and the first quarter of 2014. The company added the following assets to its portfolio: two Boeing B767-200ER, two B757-200 aircraft, one B737-800, one B777-200ER, one Airbus A320-200, one A310-300 aircraft and one new CF34-10E5A1 engine. The company sold or leased eight MD-80 airframes, seven CF34-3A1 engines, six JT8D-217 engines, three CRJ100 airframes, two CFM56-7B22 engines, two CF6-80C2B6 engines, one A320-200 aircraft, one B757-200 airframe, one A310-300 airframe, one CFM56-5B4/P engine, one CFM56-5C4 engine, one CFM56-5A1 engine, one RB211-535E4 engine, one CF6-80C2A2 engine, one CF34-3B1 engine, one PW4056-1C engine and one CF6-80C2B1F engine. Several additional acquisition agreements are in place, yet to be announced.

Air China releases 2014 first quarter results

April 30, 2014 · 73 Views

During the first quarter of 2014, the economy in China remained stable as the economies in Europe and the U.S. slowly recovered. The demand of the aviation air passenger market grew steadily and the air cargo market showed a slight improvement when compared to the same period last year. During the Period, the Group’s operating revenue was RMB24,419m, an increase of 7.48% year-on-year. Operating cost was RMB20,733m, an increase of 5.37% year-on-year. Net profit was RMB93m, a decline of 62.71% when compared to the corresponding period last year. The decrease was mainly due to net exchange loss arising from the depreciation of RMB. During the reporting period, operating profit after deducting exchange losses increased by RMB515m as compared to the corresponding period of the previous year, mainly due to the combined effects of improved utilization efficiency of freight capacity, effective cost controls, as well as lower fuel price compared to that of the corresponding period of the previous year. During the Period, passenger capacity, measured by Available Seat Kilometer (“ASK”), rose by 11.92% year-over-year. Passenger traffic measured by Revenue Passenger Kilometers (“RPK”) was up 12.04% from the same period in 2013. The passenger load factor was 81.76%, a gain of 0.08 points compared with the same period in 2013.

Ryanair orders five Boeing Next-Generation 737s

April 30, 2014 · 37 Views

Boeing and Ryanair have finalized an order for five additional Next-Generation 737s, valued at $452m at list prices. This latest announcement brings the total number of unfilled Next-Generation 737 orders for the Ireland-based ultra-low-cost carrier to 180 airplanes.

Air BP appoints Norbert Kamp as Global Sales & Marketing Director

April 30, 2014 · 5224 Views

International aviation fuel products and services supplier, Air BP, appointed Norbert Kamp as Global Sales & Marketing Director. Norbert will be based at Air BP’s global headquarters in Sunbury on Thames, UK and starts his new role on July 1st, 2014. He will report directly to Air BP CEO, David Gilmour. The new appointment follows the retirement of Peter O’Callaghan at the end of March this year.

AAR signs 5-year contract to support Air Canada’s narrow-body Airbus fleet

April 30, 2014 · 51 Views

AAR (NYSE: AIR) has signed a five-year exclusive contract with Air Canada to support its fleet of 89 Airbus 319, 320 and 321 narrow-body aircraft. The scheduled heavy maintenance will be performed at AAR’s maintenance, repair and overhaul (MRO) facility at Duluth International Airport. The five-year deal formally extends service that began under a letter of intent signed in October 2012. Work initially commenced at AAR’s aircraft maintenance facility in Miami and was transitioned to Duluth after AAR opened the new MRO in November of that year.  AAR Aircraft Services – Duluth supports three lines of aircraft maintenance and 305 jobs and is on track to add a fourth line in November, creating another 70 jobs.

Sabena technics signs five-year integrated services contract with CEBU AIR

April 30, 2014 · 64 Views

CEBU AIR, an airline based in the Philippines and operating as CEBU Pacific Air, has trusted Sabena technics with the support of their fleet of ATR 72-500 aircraft until 2019. Within the scope of this five-year contract, Sabena technics will provide CEBU AIR with a large range of solutions including pool access, repair and overhaul of rotable components for the customer’s eight ATR 72-500 to ensure the continuity of CEBU Pacific Air’s flight operations. The support will be completed in Sabena technics’ new warehouse that will be opening in Singapore within a few weeks and with support from its facilities based in Dinard (France).