Thursday, May 15, 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.
May 13, 2014 · 216 Views
PEMCO World Air Services announced the redelivery of a 737-400F (MSN 25375) for Brazil’s Rio Linhas Aéreas (Rio Cargo), the national postal service carrier of Brazil. The 11-pallet freighter was converted at PEMCO’s Costa Rican conversion operation at COOPESA. Rio Cargo is currently modernizing its fleet that recently numbered 12 Boeing 727s and two 767s to PEMCO-converted 737-400F’s. Rio Linhas Aéreas will operate their PEMCO 737-400 freighters on behalf of DHL Express, replacing five B727-200s and a B767-200F, and for Correios – the Brazilian Postal Service’s courier division – for whom Rio Cargo hauls an average of 75 tonnes of mail each day. This aircraft is the first announced freighter redelivery of several currently in the pipeline with Global Air Fleet (GAF), an international multi-functional sales and remarketing aircraft company.
May 13, 2014 · 134 Views
AJW Aviation has signed a new power-by-the-hour pool access agreement with Azerbaijan Airlines. This 5 year agreement will cover two A340-500 aircraft, allowing the airline access to AJW’s extensive inventory of A340 components. This sees an extension of the already successful relationship between the two companies; AJW having recently handled the rebranding of the entire AZAL fleet in July 2013; and previously, managed the purchase and refit of the two A340-500 aircraft from Airbus SAS to be entered into commercial service with Azerbaijan Airlines after extensive repainting and cabin configuration co-ordinated by AJW’s in-house technical team.
May 13, 2014 · 177 Views
British Airways has called on the expertise of a North Yorkshire manufacturing company to provide an engineering solution for its new fleet of Airbus A380 and Boeing 787 aircraft. The airline has placed an order with Unison, based in Scarborough, for its tube bending machinery to produce replacement rigid hydraulic tubes for its new aircraft. Both the A380 and the 787 Dreamliner have advanced hydraulic systems that operate under much higher pressure than other commercial aircraft. To accommodate the greater pressure, the new Unison equipment will manufacture the hydraulic pipework from specialist aerospace materials, such as titanium alloy, using thick tube walls. British Airways has invested in 12 new A380s and 24 Boeing 787s, as part of a £5bn investment. The tube bending machinery will be installed at the airline’s Engineering maintenance base at Heathrow Airport where the aircraft will be maintained. The bespoke machinery is capable of producing precision tubework to exactly replicate worn or damaged parts quickly, efficiently and cost effectively. In addition to supplying the complete tube fabrication solution Unison will also be working with British Airways to integrate the new process into the airline’s engineering operation.
May 13, 2014 · 146 Views
DVB Bank generated relatively stable results during the first three months of 2014. New business developed positively during the first quarter of 2014: in Shipping Finance, Aviation Finance, Offshore Finance and Land Transport Finance, DVB originated 40 transactions with an aggregate volume of €1.1bn (Q1 2013: 29 transactions with an aggregate volume of €0.8bn). Total net income of €83.7m was only slightly lower than the previous year’s figure of €87.3m. Net interest income was down 16.7%, to €56.9m (Q1 2013: €68.3m). Allowance for credit losses of €2.2m was reversed – largely in Shipping Finance (Q1 2013: allowance recognised of €4.2m). Accordingly, net interest income after allowance for credit losses declined by 7.8%, to €59.1m (Q1 2013: €64.1m). Net fee and commission income, which primarily includes fees and commissions from new Transport Finance business, and asset management and advisory fees, amounted to €23.1m and was thus maintained close to the very good figure posted the year before (Q1 2013: €23.9m). Accordingly, consolidated net income before IAS 39 and taxes amounted to €38.9m (Q1 2013: €44.7m).
May 13, 2014 · 284 Views
Embraer and SkyWest Airlines have reached a 12-year component management service agreement by which Embraer will provide support for the carrier’s entire fleet of E175 jets. The agreement includes more than 160 repairable part numbers, covering 21 ATA (Air Transport Association) chapters of the SkyWest Airlines E175 fleet. Embraer also signed a 10-year contract with the airline to provide the Ahead-Pro system. Embraer currently provides support for more than 30 airlines, worldwide, with its technical expertise and its vast component service provider network.
Marshall Aviation Services completes first Garmin G1000 full glass cockpit upgrade on Beechcraft King Air 300
May 13, 2014 · 118 Views
Marshall Aviation Services, part of the Marshall Aerospace and Defence Group, completed a significant avionics upgrade with the installation of a Garmin G1000 full glass cockpit aboard a Beechcraft King Air 300 – for a European operator. The G1000 avionics installation has become an appealing option for all King Air pilots seeking greater situational awareness and reduced pilot fatigue. The G1000 upgrade, applicable for the 200, 300 and 350 King Air Series, integrates all primary flight, navigation, weather, terrain, radio frequency, engine and fuel data readouts on large format high definition LCDs.
May 13, 2014 · 135 Views
Coopesa RL in San Jose, Costa Rica successfully performed the Split Scimitar Winglet modification on three B737-800, for two undisclosed customers. Coopesa is scheduled to perform this modification on two additional B737-800’s over the next few weeks for two other undisclosed customers.
May 13, 2014 · 144 Views
GOL reported that the antitrust authority (the General Superintendency of the CADE – Conselho Administrativo de Defesa Economica (“CADE”) deceided to grant unconditional approval for the exclusive long term strategic partnership for commercial cooperation between the Company and Air France-KLM executed on February 19th, 2014. The approval may be reviewed by the Court of the CADE if it decides to do so within the next 15 days. The decision of the General Superintendency will become definitive once the 15-day period lapses. Pursuant to the agreements of the strategic partnership, Air France-KLM will invest $100m in GOL. This amount will comprise an investment in GOL shares for $52m, which will represent an equity interest of approximately 1.5% in preferred shares of the Company. The terms and conditions of the share issuance will be approved by the board of directors of GOL, and will be more fully described in a Notice to Shareholder (Aviso aos Acionistas) that will be published after the decision of the board of directors. In addition, Air France-KLM will fund $48m for purposes of enhancing the effectiveness of the strategic commercial partnership.
May 13, 2014 · 112 Views
Garmin International, a global leader in satellite navigation, has received certification from the European Aviation Safety Agency (EASA) for the installation of dual touchscreen-controlled GTN 725’s in the ATR 42 and ATR 72 aircraft. The GTN 725 GPS navigators expand the operating utility of the ATR 42/72, by offering Precision-Area Navigation (P-RNAV) capabilities to operators in Europe. When incorporating dual GTN 725’s into the ATR 42/72, operators gain additional access to airports with higher levels of operating requirements. The dual GTN 725 installation offers pilots flying the ATR 42/72 the ability to fly shorter, more direct routes in airspaces utilizing P-RNAV procedures. Fewer radar vectors are needed thereby reducing the workload for both the pilot and air traffic control, which streamlines navigation through complex airspace. Similar to the functionality of B-RNAV, P-RNAV procedures feature the same capability with a higher level of accuracy.
May 13, 2014 · 169 Views
Boeing and International Lease Finance Corporation (ILFC) announced that two 787-8 Dreamliners will be leased by ILFC to the Italian carrier Neos. Based at Milan Malpensa Airport in northern Italy, Neos will become the country’s first 787 operator when it takes delivery of the airplane in 2018. Neos currently operates an all-Boeing fleet of six Next-Generation 737-800s and two 767-300ER (Extended Range) airplanes. ILFC is Boeing’s largest 787 customer with orders for 74 of the airplane type.
May 14, 2014 · 83 Views
GECAS announced delivery of a new leased Boeing 777-ER aircraft to Kenya Airways to expand the carrier’s fleet. The aircraft comes from GECAS’ existing order book with Boeing.
May 14, 2014 · 77 Views
At EBACE 2014 OHS Aviation Services is introducing three new inspiring pre-designs for the refurbishment of business jet interiors. “To give customers some ideas for individual designs, we thought it is helpful to inspire them with our three new pre-designs. Wonderful fabrics, fabulous leather, choice stone, top-grade platings and exquisite woods – the variety of superior materials is very extensive.“ says Ornulf Hilarius, CEO of OHS Aviation Services, Berlin. The design concepts are created by Callies Design and rendered by ACA, they show three totally different cabin atmospheres. While the extremely striking “New York Design“ is more purist, straightforward and masculine, the “Paris Design“ is feminine, fanciful and elegant. The Paris Design conjures up French radiance in the cabin with exquisite details and a very gracious, stylish flair. Whereas the “Olbia Design“ is reminiscent of a Mediterranean holiday or the ambience of a yacht. OHS Aviation Services carries out full refurbishments of the aircraft interior including the replacement of all surfaces (wood veneers, platings, carpets, fabrics). All work will be completed to EASA Part 145 approval and EASA Part 21J approval.
May 14, 2014 · 121 Views
The European regional aircraft manufacturer ATR reported an outstanding order intake of over 100 firm ATR aircraft in the first four months of 2014. The ATR-600 series aircraft are leading the way among all regional aircraft. Since the beginning of the year, sales of new ATR -600s represent over 80% of total orders for regional aircraft below 90-seats announced so far. ATR’s commercial results achieved in the first four months of the year already surpassed outcomes of the whole 2013 with firm orders for 89 ATR -600s. The outstanding commercial success highlights the attractiveness of the newest generation ATRs for the development and the expansion of regional aircraft fleets all over the world. It proves to be the preferred regional aircraft among airlines operating regional networks. Up to date, ATR has already unveiled orders for the United Arab Emirates’ leasing firm DAE (20 firm ATR 72-600s and 20 options) and 6 firm ATR 72-600s for the Canary Islands-based Binter Canarias, both announced at the Singapore Airshow early this year. Beyond these firm orders for 26 ATR 72-600s and 20 options already announced, ATR has booked 8 additional contracts for 81 firm aircraft plus 41 options. Most of these new orders will be unveiled in the coming weeks.
May 14, 2014 · 98 Views
Royal Jordanian Airlines will support its 787 Dreamliners with Boeing’s Rotable Exchange Program. Under the 10-year agreement, Boeing will supply Royal Jordanian 787s with a dedicated pool of high-value, mission-critical parts, enabling the airline to greatly reduce their inventory management costs while improving component availability. A rotable part is designed to be repeatedly and economically restored to a fully serviceable condition. Under the Rotable Exchange Program, Boeing establishes and maintains a pool of parts, selected to fit each customer’s fleet needs. The customer contacts Boeing for quick replacement of program-covered parts, which are shipped within a timeframe determined by the airline, based on their criticality. Boeing handles the repair, upgrade or warranty service when the customer returns the unserviceable part.
May 14, 2014 · 143 Views
MTU Maintenance, one of the leading providers of commercial aero engine maintenance, has signed a new contract with the state-owned Venezuelan carrier CONVIASA for engine overhaul and on-wing support services of its General Electric CF34-10 engines including lease engine services. Under the exclusive contract, MTU Maintenance will be responsible for the maintenance of all CF34-10 engines powering CONVIASA’s ERJ-190 fleet.
May 14, 2014 · 196 Views
Modern Logistics S.A., Brazil’s first logistics company to integrate air operations within its supply chain, has signed a comprehensive diagnostics services agreement with CFM International for the CFM56-3 engines powering its Boeing 737-400 freighter aircraft. Modern Logistics will begin operations with 737-400 special freighter airplanes later this year as it launches the air solution portion of its integrated distribution platform. As part of its supply-chain, the company will roll-out a network of logistics centers that will focus on supplying Brazilian businesses with a “one-stop-shop” distribution solution. Launch is scheduled for the second half of 2014. Under the terms of the agreement, CFM will provide 24/7 comprehensive engine data monitoring, engine exceedances, fault troubleshooting, and provide engine trend reports to assist with its regulatory reporting.
May 14, 2014 · 107 Views
Waypoint Leasing, a leading helicopter leasing company, has closed on a five year US$72.5m term loan facility led by Goldman Sachs. The facility will be used to refinance certain existing helicopters previously acquired and financed under Waypoint’s recently upsized $385m revolving credit facility. The additional debt capacity enables Waypoint to continue its significant build out of an attractive and diversified fleet of helicopter assets. This financing brings Waypoint’s total debt commitments to more than $450m and together with its previously announced equity commitments, provides more than $830m to support helicopter lease transactions for its diverse customer base. Waypoint’s acquired fleet includes 37 aircraft delivered and on lease with total value in excess of $400m.
May 14, 2014 · 96 Views
Avolon delivered a Boeing 737-800 NG to Lion Air on May 6th. This is the first delivery of a six aircraft sale and leaseback deal with Lion Air, which includes four Boeing 737-800NG aircraft and two Airbus A320-200.
May 14, 2014 · 168 Views
HAITEC Aircraft Maintenance GmbH will launch a new subsidiary next week at EBACE 2014 in Geneva. HAITEC VIP Maintenance will operate from Erfurt Airport. “We have a hangar with 4.300 m² dedicated to our VIP customers”, explains Brett Dutton, Senior Vice President VIP Maintenance. “It is our objective to create a high quality VIP facility with the highest international standards and services!” Currently, HAITEC VIP Maintenance, an EASA-Part 145 organization, has approvals for Gulfstream G550 and nearly all type of Boeing and Airbus aircraft. “We also have approvals from Russia, Qatar, the United Arab Emirates (UAE), Bermuda and Azerbaijan”. Beside the standard Line and Base Maintenance, HAITEC VIP Maintenance will concentrate on cabin refurbishment and interior design applications. “We already are in preparation for further approvals on Gulfstream G450, Bombardier Global/Challenger and Citation jets”, says Brett Dutton.
May 14, 2014 · 146 Views
Mexico City-based VivaAerobus formally launched its fleet transition to A320 aircraft on May 14th, after the airline started operating its first three Airbus A320 aircraft in April. The low cost carrier will receive an additional two A320s before the end of 2014. The A320s, powered by IAE, are configured in an all economy 180 seat configuration, 32 additional seats or a 22% increase in capacity as compared to VivaAerobus’ existing fleet of 737-300s.
May 14, 2014 · 189 Views
Boeing confirmed that 9 Air has committed to 50 Boeing 737s, including Next-Generation 737s and 737 MAXs. The airline intends to introduce the best-selling, 737 family of airplanes into its fleet as it prepares to launch revenue service later this year. Based in Guangzhou, 9 Air is China’s newest low-cost airline and is also a subsidiary of Juneyao Airlines. With this commitment, 9 Air is poised to become another all-Boeing operator in China.
May 14, 2014 · 121 Views
Bombardier Aerospace has appointed CAE as its Authorized Training Provider (ATP) for Bombardier’s CRJ family of regional aircraft that includes the CRJ100/200, CRJ700 NextGen, CRJ900 NextGen and CRJ1000 NextGen aircraft. Under the ATP agreement, CAE instructors will deliver CRJ aircraft flight training courses at locations around the world. The agreement has already taken effect and Bombardier and CAE are working closely together to support the training needs of all Bombardier CRJ Series family aircraft operators.
May 14, 2014 · 140 Views
Airbus Group reported first quarter 2014 results reflecting the company’s continued focus on programme execution and achieving its operational milestones. Group order intake was €21.1bn (Q1 2013: €49.5bn), with the order book value amounting to €683.2bn on March 31st, 2014 (year-end 2013: €680.6bn). Airbus received 103 net commercial aircraft orders (Q1 2013: 410 net orders), including 20 A380s for Amedeo. Order intake at Airbus Helicopters rose 50% and was broadly stable at Airbus Defence and Space, with good momentum seen in the Space Systems business. Revenues increased five percent to €12.6bn (Q1 2013: € 12.1bn), with all three Divisions contributing positively and Airbus Helicopters showing a double-digit increase as deliveries rose to 74 units (Q1 2013: 58 units). Airbus revenues increased as a more favourable delivery mix, including two additional A380s compared to a year earlier, offset the overall reduction in volume to 141 commercial aircraft deliveries (Q1 2013: 144 deliveries). Airbus Defence and Space revenues rose three percent, driven by good programme execution in Space Systems. Two Ariane 5 launches were conducted in the quarter. Reported EBIT increased 22% to €719m (Q1 2013: €589m) and included a €19m positive contribution from the dollar pre-delivery payment mismatch and balance sheet revaluation after a negative charge of €131m a year earlier. The finance result was €-107m (Q1 2013: €-273m) while net income increased to €439 m (Q1 2013: €227m). Net income and EPS also reflected favourable foreign exchange effects while EPS benefitted additionally from the reduction in the number of shares linked to the buyback programme. Group self-financed R&D expenses increased to €727m (Q1 2013: €617m), due mainly to the R&D profileat Airbus and increased activity at Airbus Helicopters for the EC175 and EC145 T2 models.