Friday, May 23, 2014
AviTrader Daily Aviation News Alert
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February 20, 2015 · 541 Views
The bitter dispute between US- and Gulf-based airlines has reached a new level after Emirates flatly rejected an open apology made concerning what was seen as incredibly tactless and insensitive remarks made by Delta’s Chief Executive, Richard Anderson. The unfortunate incident relates back to comments made by a group of American airlines that a number of the larger Gulf carriers had benefited from state subsidies amounting to a figure in excess of US$40bn. As a consequence the American airlines either wanted to renegotiate or scrap the current Open Skies agreement.
Offended by such claims, the Gulf carriers retaliated by questioning whether or not US airlines had received government subsidies totaling US$5bn in the wake of 9/11. Unfortunately Delta’s Anderson, responding to this claim on CNN, said: “It’s a great irony to have the United Arab Emirates from the Arabian Peninsula talk about that, given the fact that our industry was really shocked by the terrorism of 9/11, which came from terrorists from the Arabian Peninsula.” While the UAE and Qatar, two of the States’ allies who have offered either military or logistical support for international operations were particularly upset by these comments, Delta simply made it clear that Anderson had been responding to claims regarding post 9/11 subsidies. “He didn’t mean to suggest the Gulf carriers or their governments are linked to the 9/11 terrorists. We apologize if anyone was offended.”
Unfortunately the largest of the three main Gulf carriers did not see this as acceptable. “We believe that the statements made this week by Mr. Anderson were deliberately crafted and delivered for specific effect,” it confirmed in a statement. However US airlines continue to complain that they have lost significant numbers of bookings since 2008 as a result of Gulf competition and cited documents they indicate demonstrate aid which has allowed their competitors to offer cheap fares. In retaliation, Gulf officials say that most US carriers do not fly the same routes and are losing business only because they offer an inferior service.
This is not a dissimilar situation to the one between Gulf airlines and European carriers, including Lufthansa, and coincidentally has come at the same time as US airlines are trying to have US Exlm Bank closed down. They believe Gulf carriers are benefitting to a greater degree from the export credit agency. The tit-for-tat dialog continues with Western airlines showing concern for the safety of thousands of service industry jobs, a complaint to which Gulf carriers have responded by making it very clear they support at least as many jobs in the aerospace sector with their huge orders for aircraft.
February 20, 2015 · 639 Views
Snecma (Safran), a leading manufacturer of aircraft engines, and Hindustan Aeronautics (HAL), a leading aerospace manufacturer, signed a Memorandum of Understanding (MoU) on January 28th, 2015 in Bangalore to explore establishing a joint venture in India for the production of aero-engine parts. The proposed joint venture will initially focus on the manufacture of high-tech parts for the Dassault Rafale’s Snecma M88 engine, then subsequently contribute to other major aerospace projects of HAL & Snecma, in India and worldwide. Spanning over 30,000 m², the proposed joint venture’s new plant is expected to benefit from substantial investment by the two partners, providing it with state-of-the-art machinery and equipment. This agreement marks a major step forward in the long-standing collaboration between Snecma and HAL. The proposed joint venture will further broaden the scope of the excellent relations established over the past 60 years between Safran affiliates and the Indian aerospace industry. For example, Snecma manufactures the M53 engines powering the Mirage 2000H “Vajra” fighters operated by the Indian Air Force.
December 2, 2014 · 195 Views
On the 7th January 2013 a fire was reported on board a Boeing 787 Dreamliner while parked at Boston’s airport in the USA. The fire was put down to a problem with one of the plane’s lithium-ion batteries. A week later an All Nippon Airways 787 Dreamliner had to make an emergency landing after smoke was discovered inside the plane which was subsequently traced back to another lithium-ion battery. As a consequence of this incident, all 787 Dreamliners were grounded until April of that year until further acceptable testing and improvements were carried out to the battery system on board the plane. The battery itself was manufactured by GS Yuasa and comprised eight individual cells making up a combined weight of 63lbs.
Nearly two years later and the results of the investigation into the first incident have concluded that the lithium-ion battery installed in the plane should not have received certification by the FAA. The National Transport Safety Board (NTSB) were also critical of Boeing who they believed had erroneously ruled out the chances of thermal runaway in its assessment of the battery’s safety. Boeing’s battery tests to obtain original certification included crushing battery cells, driving nails through them and deliberately introducing short circuits to cause failure. Boeing found “nothing adverse happened” while these tests were carried out, and so deemed the battery’s box and internal protection to be of an acceptable standard. Boeing stated that it had followed the certification process set out by the FAA. It would seem that while the cause of the fire has been clearly identified, responsibility for its occurrence has not been accepted in full by anyone.
November 5, 2014 · 162 Views
Back in February this year, Rolls-Royce, the FTSE-100 engine maker, lost over £3bn of its value after shocking the market with its first profits warning in a decade. To announce a second one this October has created considerable concern and Rolls-Royce has decided that over the next 18 months they need to reduce costs by up to £80m a year by axing 2,600 jobs, the majority of which will be in the aerospace sector in Britain and the United States. The focus is on Rolls-Royce’s key Trent engines as they move from the development to the production phase, which consequently requires fewer engineers.
Back in February John Rishton, Rolls-Royce group’s Chief Executive, had admitted that the future was “bumpier than I had expected”, while blaming the current problems on deteriorating economic conditions and a tit-for-tat trade war between the EU and Russia over the Ukrainian crisis which had affected its nuclear and energy business as well as its power-systems unit. This week Rishton has had to admit that “We are taking determined management action and accelerating our progress on cost. The measures announced today will not be the last; however they will contribute towards Rolls-Royce becoming a stronger and more profitable company.”
Another consequence of the situation is the unexpected departure of Finance Director, Mark Morris, leaving the company after 27 year without any explanation. He will be replaced by David Smith, who is being promoted from Finance Director of the Rolls-Royce Aerospace division. This second profit warning saw share value fall 11% to 832p, wiping a further £2bn off the company’s value. However, news of the redundancies was well received by investors and the share price rallied by 2%, currently standing at 832p. This is clear confirmation of comments made by Espirito Santo’s analyst, Ed Stacey, who indicated that investors would be expecting a clear message from the new Finance Director and tight control on all finances.
March 25, 2014 · 111 Views
Air France-KLM selected the GEnx-1B engine to power its 25 Boeing 787 Dreamliners and 12 leased 787 aircraft. The total engine order is valued at more than $1.7bn. Air France-KLM and GE Aviation have also signed an agreement that will allow Air France-KLM to offer maintenance, repair and overhaul (MRO) services for the GEnx-1B engine. Under this agreement, Air France-KLM will be licensed to perform maintenance and overhaul work on the GEnx-1B engine and GE will provide technical support and assistance on overhaul workscoping and component repair licenses, comprehensive material support and training.
March 7, 2014 · 78 Views
International Lease Finance Corporation (ILFC) has closed a new senior secured term loan of $1.5 billion. The loan will bear interest at LIBOR plus 275 basis points with a 0.75% LIBOR floor, is priced at 99.5% of par value, and will mature in 2021. The collateral used to support the transaction has an initial weighted average age of 9.1 years. It will be secured primarily by a first priority-perfected lien on the equity of certain of ILFC’s subsidiaries, which directly or indirectly own a pool of aircraft and related leases. ILFC plans to use the proceeds for general corporate purposes, including purchasing aircraft and supporting the company’s liquidity cushion.
February 26, 2014 · 78 Views
In 2013, Airbus achieved a new industry record of 1,619 gross commercial orders (FY 2012: 914 gross orders) with net orders of 1,503 aircraft (FY 2012: 833 net orders), excluding ATR. Gross orders comprised 1,253 A320 Family aircraft, 77 A330s, 239 A350 XWBs and 50 A380s. Fourth-quarter orders included Emirates Airline’s agreement for 50 A380s and Etihad Airways’ order for 50 A350 XWBs, 36 A320neos and one A330-200F. Airbus Military (now part of Airbus Defence and Space) received 17 net orders (FY 2012: 32 net orders). Airbus’ net order intake increased sharply to €202.3bn (FY 2012: €88.9bn). At the end of 2013, Airbus’ consolidated order book was valued at €647.4bn (year-end 2012: €525.5bn). The Airbus Commercial backlog was worth €627.1bn (year-end 2012: €505.3bn), comprising 5,559 Airbus aircraft (year-end 2012: 4,682 units) and representing over eight years of production. Airbus Military’s order book was worth €20.8bn (year-end 2012: €21.1bn). Airbus series aircraft deliveries increased to 626 aircraft (FY 2012: 588 aircraft, including three A330s without revenue recognition). Airbus Military delivered 31 aircraft (FY 2012: 29 aircraft). Airbus’ consolidated revenues increased seven percent to €42,012m (FY 2012: €39,273m), reflecting higher commercial and military aircraft deliveries. The Division’s consolidated EBIT rose to €1,710m (FY 2012: €1,252m). Airbus Commercial’s revenues rose to €39,889m (FY 2012: €37,624m). The Airbus Commercial reported EBIT was €1,595m (FY 2012: €1,147m) with the EBIT before one-off at €2,216m (FY 2012: €1,669m). Airbus Commercial’s EBIT before one-off benefitted from the improved operational performance, including favourable volume, some better pricing and an improvement in A380 losses. It also included higher A350 XWB programme support costs. Revenues at Airbus Military rose to €2,893m (FY 2012: €2,131m), driven by the A400M ramp-up and higher volumes from both light and medium transport planes and tankers. The EBIT at Airbus Military was €166m (FY 2012: €93m).
January 29, 2014 · 74 Views
Boeing Commercial Airplanes fourth-quarter revenue increased to $14.7bn and full-year revenue increased to a record $53bn on higher delivery volume. Fourth-quarter operating margin improved to 10.3% and full-year operating margin grew to 10.9% on the higher volume, favorable delivery mix and continued strong operating performance. During the quarter, the company launched the 777X with 259 orders and commitments. During the year, the 787 program completed first flight of the 787-9, successfully launched the 787-10 and began operating at a 10 per month production rate in final assembly. The 737 program delivered at a record production rate of 38 per month and has won nearly 1,800 firm orders for the 737 MAX since launch. In 2013, a record 648 commercial aircraft were delivered. In January 2014, the company reached an eight-year contract extension through 2024 with the International Association of Machinists & Aerospace Workers District 751 (IAM). Commercial Airplanes booked 465 net orders during the quarter and 1,355 during the year. Backlog remains strong with 5,080 airplanes valued at a record $374 billion.
January 9, 2014 · 65 Views
The A350 XWB development aircraft, MSN3, is in Bolivia where it will perform a series of tests at the high altitude airfields of Cochabamba and La Paz. Cochabamba is around 8,300 feet above sea level, and La Paz is one of the world’s highest airports at 13,300 feet. Operations at such high altitude airfields are particularly demanding on aircraft engines, Auxiliary Power Unit (APU) and systems. The aim of these trials is to demonstrate and validate the full functionality of engines, systems, materials as well as to assess the overall aircraft behaviour under these extreme conditions. A number of take-offs with all engines operating and with simulated engine failures are being performed at each of the airfields to collect data on engine operating characteristics and validate the aircraft take-off performance. The autopilot behaviour will also be evaluated during automatic landings and go-arounds. Since the A350 XWB’s first flight with MSN1 on June 14th 2013, over 800 flight test hours have been performed in close to 200 test flights by both MSN1 and MSN3. In total the A350 XWB flight test campaign will accumulate around 2,500 flight hours with the fleet of five aircraft. The rigorous flight testing will lead to the certification of the A350-900 by the European EASA and US FAA airworthiness authorities, prior to entry into service in Q4 2014.
July 5, 2013 · 64 Views
Firefly, Malaysia Airlines’ subsidiary carrier has taken ownership of its first brand-new ATR 72-600. The aircraft is the first of 20 latest generation firm ATRs, plus 16 options, ordered by Malaysia Airlines in December 2012. Firefly currently operates 12 ATR 72-500s, and with the arrival of the new ATR 72-600s will almost triple its exclusively ATR 72 aircraft fleet, taking the total to over 30 aircraft.
June 26, 2013 · 40 Views
Certification testing is underway on the first Passport development engine at GE Aviation’s Peebles Testing Operation in Ohio. The engine began ground testing on June 24th and ran for more than three hours, reaching more than 18,000 lbs. of standard day sea-level takeoff thrust. Eight Passport engines and one core will be involved in the engine certification program. Flight testing on GE’s flying testbed is scheduled for 2014. Engine certification is expected in 2015. The Passport engine certification program follows three years of validation testing. GE Aviation has conducted validation tests on the fan blisk design, including two fan blade-out rig tests, ingestion tests and a fan aero rig test to demonstrate fan efficiency. Testing is complete on the third eCore demonstrator, and GE has accumulated more than 300 hours of testing on eCore demonstrators to date.
May 22, 2013 · 53 Views
Rolls-Royce has won an order from US leasing company CIT Aerospace for Trent XWB engines, to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft. The Trent XWB engines will power ten CIT A350 aircraft that were announced in January 2013 which were in addition to five A350 XWB aircraft already on order. The Trent XWB, specifically designed for the Airbus A350, is the fastest selling Trent engine ever, with more than 1,200 already sold. The engine variant that will power the A350-800 and -900 was awarded European Aviation Safety Agency (EASA) type certification in February. The engine will power the first flight of the Airbus A350 XWB this year and the aircraft’s first in-service flight in 2014.
May 21, 2014 · 82 Views
Eastman Chemical Company reported that Boeing has entered into a new multiyear supply agreement to purchase Skydrol aviation hydraulic fluids. Eastman’s advanced line of aviation hydraulic fluids, sold under the brand name Skydrol, are approved by airframe manufacturers specifying fire-resistant hydraulic fluids. The brand has been part of the commercial aviation industry’s commitment to safety, reliability, and excellence in performance for more than 60 years.
May 21, 2014 · 76 Views
Following the successful launch of its aviation business in Turkey, a leading provider of corporate aviation maintenance and completion services, AMAC Aerospace reported that its facility at Ataturk International Airport, Istanbul has become a Dassault appointed Authorised Service Centre (ASC). AMAC Aerospace Turkey achieved EASA Part-145 approval for Falcon 900 & Falcon 900EX EASy models earlier this year enabling AMAC to carry out line maintenance on Falcon 900 and Falcon 900EX EASy models, including Falcon 900DX and Falcon 900LX at line maintenance level up to and including 4A+. AMAC Aerospace Turkey was subsequently awarded the status of Dassault Falcon Authorized Service Center (ASC) at the end of April this year. It is anticipated that maintenance approvals for the Falcon 2000 and Falcon 2000EX EASy family will be given later in the summer, and that Falcon 7X approval will be given by year end.
May 21, 2014 · 115 Views
Honeywell Aerospace has signed a Memorandum of Understanding with Germany-based maintenance, repair and overhaul company HAITEC Aircraft Maintenance GmbH, to deliver its JetWave in-flight Wi-Fi hardware for two charter Airbus Corporate Jet (ACJ) 319 aircraft owned and operated by HAITEC customer Tyrolean Jet Services. JetWave is capable of delivering downlink speeds to the cabin of up to 33mbps for business aircraft and up to 50mbps for air transport aircraft, allowing passengers to video-conference, send and receive large files and stream high quality television and movies while on the move.
May 21, 2014 · 273 Views
Lufthansa Technik is significantly increasing its efforts in the area of product, service and technological evelopments by starting an innovation boost program. The investment in this area is to be quadrupled, from €50m over the past five years, to €200m over the next four years. Both, Lufthansa Technik’s conventional maintenance, repair and overhaul business, the company’s VIP and Executive Jet business will also benefit from this new approach. Along with the financial investment, Lufthansa Technik has changed its organization to create an optimal base for its innovation activities. To strengthen innovation management, the department – Corporate Innovation Management and Product Development – has been set up. Under the leadership of Dr. Helge Sachs this department will promote, coordinate and control company-wide technology and product development projects and will be responsible for the increased central innovation budget. Additionally, the department will be responsible for the creation of standards and processes for innovation management and for the further development of the corporate innovation and technology roadmap. Lufthansa Technik has also reorganized its activities in the development and production of cabin elements by bundling all of them into a new Product Division for Original Equipment Innovation. This step has created an organizational foundation for expanding the company’s position as a manufacturing operation. The head of this new product division is Andrew Muirhead, one of the company’s most experienced innovation managers. Muirhead previously headed the Innovation Business Unit at Lufthansa Technik. He is leading a team of over 80 interdisciplinary employees – with more to come – as the consolidation process takes shape.
May 21, 2014 · 132 Views
Lufthansa Technik has presented its new pre-customized VIP cabin, which will be offered for both, the Airbus ACJ family and the Boeing BBJ series, at EBACE 2014. Herewith, Lufthansa Technik continues and extends its successful business with modulated narrow-body VIP cabins, which started eight years ago with a co-operation for the successful “Elite” program together with Airbus. The new platform-adaptable concept offers a large variety of configurations and is mission optimized with regards to cabin interior weight, seating comfort, sufficient stowage volume and the integration of client oriented features for maximum comfort and usability, like a king size bed, vanity table, master bathroom with full size shower and a private office. In the course of the “Elite” program so far more than 20 aircraft have been completed and delivered, one aircraft is currently in the completion process at Lufthansa Technik’s US-subsidiary Bizjet International. Additionally, Lufthansa Technik completed twelve Bombardier Challenger 850 and four BBJs for Boeing NETJET with a pre-customized cabin in the past.
May 21, 2014 · 119 Views
Crane Aerospace & Electronics has received an EASA Supplemental Type Certificate (STC) for Crane’s SmartStem Wireless Tire Pressure System for the Bombardier families of CRJ regional jets, Challenger mid-sized business jets and Global large business jets. EASA approval for these Bombardier aircraft adds to the growing list of certifications for SmartStem Tire Pressure Sensors including virtually all Cessna Citation models, Dassault Falcon 50, and Bombardier Learjet 40/45 and 60. In addition, SmartStem is certified on the Boeing 737NG, 747-400, 777, 787 and Bombardier Q-Series models. Crane is in the process of certifying SmartStem on additional business, regional, and large commercial aircraft.
May 21, 2014 · 71 Views
Satcom Direct and TAG Global Training will offer basic, intermediate and advanced satellite communications classes for customers, pilots, maintenance personnel and crew members. TAG Global Training was established in 2007 to train TAG’s pilots and cabin crew in EASA approved ground school courses. This successful program expanded beyond TAG’s own needs, with training currently being conducted for more than 70 operators as well. Via the partnership with Satcom Direct, TAG Global Training will have exclusive access to Satcom Direct’s Learning Management System which includes both classroom and on-line training modules.
May 21, 2014 · 169 Views
Angola-based Best Fly Group has formed a strategic partnership with Spanish company Corjet Maintenance. The agreement sees the official creation of start-up company Best Fly Maintenance and was formally signed during EBACE 2014. Under the terms of the agreement Best Fly Maintenance will benefit from Corjet Maintenance’s EASA Part 145 knowledge and experience, enabling the newly formed business to offer a wide range of maintenance solutions in Angola and the surrounding region. Best Fly Maintenance will effectively become an extension of Corjet Maintenance in Africa, offering equivalent capabilities in terms of aircraft maintenance. Corjet will also provide human resources and training programmes to Best Fly maintenance engineers and technicians in Luanda and at its main base station in Madrid.
May 21, 2014 · 113 Views
Air Lease Corporation announced long term lease agreements with Mihin Lanka for two new Boeing 737-800 aircraft, delivering from ALC’s orderbook in 2015.
May 21, 2014 · 151 Views
HEICO CORPORATION reported that net income increased 20% to $28.4m in the second quarter of fiscal 2014, up from $23.7 million in the second quarter of fiscal 2013. In the first six months of fiscal 2014, net income increased 28% to $55.8m, up from $43.7m in the first six months of fiscal 2013. Operating income increased 10% to $49.2m in the second quarter of fiscal 2014, up from $44.7m in the second quarter of fiscal 2013. In the first six months of fiscal 2014, operating income increased 25% to $99.6m, up from $79.6m in the first six months of fiscal 2013. The Company’s consolidated operating margin was 17.4% and 18.8% in the second quarter of fiscal 2014 and 2013, respectively. The Company’s consolidated operating margin improved to 18.1% in the first six months of fiscal 2014, up from 17.5% in the first six months of fiscal 2013. Net sales increased 19% to $282.2m in the second quarter of fiscal 2014, up from $237.7m in the second quarter of fiscal 2013. In the first six months of fiscal 2014, net sales increased 21% to $549.1m, up from $454.2m in the first six months of fiscal 2013.
May 21, 2014 · 137 Views
Boeing and Nok Air finalized an order for eight Next-Generation 737-800s and seven 737 MAX 8s. Nok Air also announced that it intends to convert one of the 737-800s into a 737 MAX at a later date. The order, first announced as a commitment at the Singapore Air Show in February, is valued at $1.45bn at list prices and will establish Nok Air as the first airline in Thailand to operate the 737 MAX. While Nok Air currently operates a fleet of 15 Next-Generation 737s, this marks the airline’s first direct order with Boeing.
May 21, 2014 · 125 Views
Global Eagle Entertainment has been selected by Indonesia’s flag carrier, Garuda Indonesia, to provide inflight entertainment (IFE) content to its passengers. Garuda Indonesia continues to evolve its business and deliver continuous and better service improvements to passengers as part of the company’s “Quantum Leap 2011-2015″ program.
May 21, 2014 · 121 Views
AgustaWestland announced an order by Kaan Air for one AW139 intermediate and one AW189 super medium helicopter in VIP configuration. The contract expands the success of the AW139 in Turkey and marks the entrance of the AW189 in the Turkish market. Furthermore this is the first VIP-configured AW189 ordered in Europe where the type has already enjoyed a considerable success in the offshore and SAR markets.
May 21, 2014 · 122 Views
Boeing named Eric John as president of Boeing Korea, where he will lead all company activities in Korea, working to further expand Boeing’s local presence and pursue new growth opportunities. John joins the company effective May 30th, after three decades of international service with the U.S. government. He succeeds Pat Gaines, who retires in September after 27 years with Boeing.
May 22, 2014 · 123 Views
Lufthansa Technik Shenzhen (LTS) is expanding its maintenance, repair and overhaul (MRO) offer for the Asia-Pacific region even further. On May 21st, LTS has celebrated the opening of two new buildings. The new workshops, warehouse, offices and training rooms are housed on 16,000 m². The Chinese composite structures specialist, headquartered at Bao’An International Airport in Shenzhen in southern China, is strengthening its presence in the areas of component supply, logistic services and Airline Support Teams (AST) for engine services across China and Asia. With the addition of the new buildings, LTS is enlarging its overall workshop and warehouse capacity to nearly 27,000 m². The service portfolio for component supply and repair are extended significantly to include avionic, pneumatic, rescue & safety and hydraulic components. The new facility houses ATEC6 test equipment and a workshop of 2,400 m². In cooperation with Lufthansa Technik Logistik Services (LTLS) the company’s comprehensive supply chain management is also expanded. A new Logistic Service Center with a bonded warehouse will greatly simplify and speed up material supply, transport and customs procedures for airline and MRO customers. The new Airline Support Team (AST) services now allow Lufthansa Technik Shenzhen to offer airlines and leasing companies in the region efficient engine services – including inspections, documentation, warehousing and logistics services as well as flexible local service teams. A new large autoclave will be commissioned after the new buildings and workshops have become operational. This tool is required for the repair of large composite structures used for example in the Airbus A380, Boeing 777 and 787 aircraft.
May 22, 2014 · 102 Views
The Advisory Board of Bauhaus Luftfahrt has welcomed a new member. In a meeting held on May 22nd, at ILA Berlin Air Show, Dr Rainer Martens, Chief Operating Officer of MTU Aero Engines, for the first time represented his company in the steering committee of the Munich-based interdisciplinary research institution. In this position he succeeds Dr Erich Steinhardt, MTU’s recently retired Head of Technology and Advanced Products, who acted as representative for the engine manufacturer for more than eight years.
AvFab receives Canadian approval for installation of aft jump seat kit in King Air Series aircraft King Air Series Aircraft
May 22, 2014 · 88 Views
Aviation Fabricators (AvFab) received Canadian approval for the installation of their STC approved King Air Aft Jump Seat Kits on Beechcraft King Air models 90, 100, 200, 300 and 350. In addition, AvFab has received U.S., EASA, Brazilian, Mexican and Indonesian STC approval for the Aft Jump Seats.
May 22, 2014 · 105 Views
Airbus Helicopters and ADAC Luftfahrt Technik, the maintenance arm of ADAC Luftrettung, signed a parts-by-the-hour service contract for the air rescue organization’s EC145 T2 fleet. The ten-year service agreement with a volume of some €25m covers a comprehensive range of services for the new aircraft. The package for 14 new EC145 T2 helicopters includes technical services adapted to ALT’s requirements and provided at fixed costs. In addition, maintenance is organized so as to ensure the highest levels of helicopter availability possible. With a fleet of more than 50 helicopters, ADAC Luftrettung is one of the largest air rescue organizations in Europe. In Germany, the company operates the EC135, BK117 and EC145 models of the Airbus Helicopters range. The new EC145 T2 will gradually replace the BK117.
May 22, 2014 · 148 Views
REVIMA APU added a new fleet management team to their growing APU (Auxiliary Power Unit) maintenance repair organization. To address customer needs, Revima has hired Mimi Correa as Director of Fleet Management. The organization will offer valued services that provide a competitive APU operating cost, improved operational reliability and APU availability while reducing unplanned maintenance. Mimi Correa comes with a wealth of experience within the commercial aviation business. During her tenure at United Airlines, Mimi led organizations responsible for operational reliability, maintenance program and financial responsibility for over 500 Aircraft APUs and main engines. Mimi has held positions at both P&W and GE Aircraft Engines manufacturers. In Mimi’s most recent position at P&WAeroPower she led the A380 PW980 APU Fleet Management and Customer Service Engineering team.
May 22, 2014 · 99 Views
Finnair signed the Memorandum of Understanding (MoU) with Novus Aviation Capital on the sale and leaseback of two Airbus 330 aircraft owned by Finnair. The transaction has now been finalized also for the second aircraft. The transaction concerning the other A330 included in the MoU was concluded already on March 31st, 2014. The value of the arrangement covering both aircraft is approximately €110m.
May 22, 2014 · 107 Views
GECAS announced delivery of a leased Boeing 737-300SF freighter aircraft to a new airline customer, PT Trigana Air Service. Indonesia’s Trigana Air will use the aircraft to expand its fleet. Trigana Air currently operates a fleet of nearly 20 passenger and freighter aircraft to more than 20 destinations in Indonesia.
May 22, 2014 · 94 Views
El Al’s revenues for the first quarter of 2014 aggregated $415.4m, compared to $431.0m during the equivalent quarter in the previous year. The loss for the first quarter aggregated $39.7m, compared to a loss of $32.5m during the equivalent quarter in the previous year. The company’s cash flows from operating activities for the quarter aggregated $75.8m compared to $80.5m during the equivalent quarter in the previous year. The company’s cash balances and deposits at the end of the first quarter of 2014, aggregated $132.5m compared to $93.4m at the end of the equivalent quarter in the previous year.
May 22, 2014 · 207 Views
Warburg Pincus, a leading global private equity firm, has entered into a definitive agreement whereby one of its affiliates will acquire Wencor Group, a leading designer, repair provider and distributor of aftermarket aerospace components, from Odyssey Investment Partners. Terms of the transaction were not disclosed.
May 22, 2014 · 136 Views
Air Lease Corporation delivered one used Airbus A320-200 to Air Serbia, a new customer for ALC. This aircraft was delivered to Air Serbia in March 2014. Air Serbia is the flag carrier and largest airline of Serbia, based at Belgrade Nikola Tesla Airport. Known as Jat Airways until it was renamed in October 2013, Air Serbia operates scheduled domestic and international passenger flights to Europe and the Middle East.
May 22, 2014 · 144 Views
Southwest Airlines released that Captain Craig Drew has been named Vice President Flight Operations. In his new role, effective June 2nd, Drew will be responsible for the airline’s flight operations functions, which include 10 Pilot Bases nationwide, Crew Scheduling, and the Flight Training Center.
May 22, 2014 · 146 Views
EVA Air received its 16th and 17th 777-300ER (Extended Range) airplanes. Taiwan-based EVA Air will be the first airline to operate 777-300ERs with Panasonic’s complete state-of-the-art eX3 in-flight entertainment system.
May 22, 2014 · 150 Views
Bombardier Aerospace and Rolls-Royce announced a new engine service agreement, authorizing Bombardier Aircraft Service Centres in Amsterdam, Netherlands and Singapore to perform maintenance on BR710 engines installed on the Bombardier Global Express, Global Express XRS, Global 5000 and Global 6000 aircraft. Under the agreement, Bombardier Aircraft Service Centres will be certified to perform line maintenance on the Rolls-Royce engines and perform engine removals, which are then sent to Rolls-Royce for heavy maintenance. This agreement will enable Bombardier and Rolls-Royce to jointly provide seamless support to CorporateCare customers. Furthermore, Bombardier Aircraft Service Centres and Bombardier operators will be provided with direct access to Rolls-Royce technical service representatives, as well as Rolls-Royce’s myaeroengine.com portal for support and technical troubleshooting.