Tuesday, July 08, 2014
AviTrader Daily Aviation News Alert
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February 20, 2015 · 556 Views
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
December 2, 2014 · 197 Views
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 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
March 7, 2014 · 80 Views
February 26, 2014 · 80 Views
January 29, 2014 · 76 Views
January 9, 2014 · 67 Views
July 5, 2013 · 66 Views
June 26, 2013 · 42 Views
May 22, 2013 · 55 Views
July 7, 2014 · 56 Views
In June 2014 Finnair’s overall capacity and traffic, both decreased by 0.6% year‐on‐year. Passenger load factor was 83.4%, the same as the previous year.
July 7, 2014 · 109 Views
Ethiopian Airlines has added an eighth Boeing 787 Dreamliner to its rapidly expanding fleet. The new aircraft was delivered on June 26th. This latest additional aircraft will support the increased frequency of flights between London Heathrow and Addis Ababa as the airline moves to a daily schedule from London Heathrow on July 8th.
July 7, 2014 · 155 Views
GA Telesis added two on-lease A320 aircraft to its GAIN Investment platform. Earlier GA Telesis had announced it raised $500m from institutional and private clients advised by Wafra Capital Partners to establish a new aviation investment vehicle focused on aircraft and engine investment opportunities. The vehicle, named GA Telesis Aviation Investments (“GAIN”), also utilizes GA Telesis’ existing credit facilities thereby increasing GAIN’s capacity for investments to $1bn. Specifically, GAIN acquired two (2) Airbus A320-200 aircraft on long-term lease to Air New Zealand. These two aircraft constitute the youngest aircraft in the GA Telesis fleet, and reinforce the company’s move to invest in newer generation aircraft. GAIN will continue to make investments in commercial aircraft, engines and new generation component inventories, for long-term or short-term lease. GAIN will also acquire assets for immediate disassembly and resale of the components and parts. GAIN has broad flexibility to make investments with a variety of durations in a wide range of asset types and capital structures.
July 7, 2014 · 141 Views
The ATR Assembly of Members has appointed Giorgio Moreni as Chief Financial Officer (CFO) of ATR. He succeeds Eric Baravian, whose four-year mandate according to ATR’s statutes has expired in June 2014.
July 7, 2014 · 56 Views
SAS reported that June traffic increased by 9.6%, while capacity increased 5.9%, when compared to the previous year. The load factor for June was up 2.8 points to 83.0%.
July 7, 2014 · 53 Views
WestJet announced June 2014 traffic results with a load factor of 77.4%, an increase of 0.6 points year over year. Traffic, increased 5.0% year over year and capacity was 4.3% higher over the same period.
July 7, 2014 · 42 Views
For the month of June Air Canada reported a record system load factor of 85.7%, versus 85.0% in June 2013, an increase of 0.7 points on a system-wide capacity increase of 9.8%. On this additional capacity, system wide traffic for June increased 10.6%. Air Canada reports traffic results on a system-wide basis, including Air Canada rouge, which began operations on July 1, 2013, and regional airlines from which Air Canada purchases capacity.
July 7, 2014 · 181 Views
The Fuel Cell, a leading provider of maintenance, repair and overhaul of jet aircraft fuel components, has expanded its licensing agreement with UTC Aerospace Systems to include the repair and overhaul of main fuel pumps for the GE CF6-80 engines. The Fuel Cell currently provides fuel component maintenance, repair and overhaul services to many of the world’s major airlines and offers expansive capabilities on Pratt & Whitney, Rolls-Royce and GE engine fuel components, for Boeing, McDonnell Douglas, Airbus and Lockheed aircraft.
July 7, 2014 · 180 Views
Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche Lufthansa, and Song Zhiyong, President and Executive Director of Air China, signed a memorandum of understanding to enhance the commercial partnership as part of a joint venture, during German Chancellor Dr Angela Merkel’s state visit to China. As members of the Star Alliance, Lufthansa and Air China have been connected for a number of years. The memorandum of understanding should pave the way for the creation of a commercial joint venture between the German airline and Air China. This partnership will add to the existing joint ventures with United Airlines and with Air Canada between Europe and North America (since 1998) and with ANA (since 2012) on routes between Europe and Japan. The agreement with Air China will allow the Lufthansa Group to provide its airlines with even better access to the world’s second largest aviation market after the USA. The new partnership agreement should come into force as early as the start of the winter flight timetable in late October 2014.
July 7, 2014 · 162 Views
American Airlines will break ground on the Robert W. Baker Integrated Operations Center in Fort Worth on July 8th. Earlier this year, American announced plans to consolidate the current American Airlines operations center in Fort Worth and the current US Airways operations center in Pittsburgh. The new facility will be located near American’s headquarters and Flight Academy south of Dallas/Fort Worth International Airport. The state-of-the-art Integrated Operations Center will serve as the nerve center of American’s global network and will house more than 1,400 employees who plan, oversee and dispatch the airline’s more than 1 million annual mainline flights serving more than 140 million customers.
July 7, 2014 · 119 Views
AgustaWestland and Australian Helicopters reported the signature of a contract for AW139 intermediate twin-engine helicopters that will be operated for Ambulance Victoria under a 10 year agreement to perform Emergency Medical Service (EMS) missions. The aircraft, which are expected to enter service in January 2016, will be based at Essendon, Bendigo, Latrobe Valley and Warrnambool airports. The new fleet will replace Ambulance Victoria’s present five helicopters and includes a dedicated back-up aircraft to maintain services when heavy aircraft maintenance is required.
Airbus Helicopters signs 123 rotorcraft over five years with three general aviation operators in China
July 7, 2014 · 153 Views
Airbus Helicopters signed a record 123 civil helicopters with three customers from various Chinese provinces on July 7h. The rotorcraft will be used for general aviation activities covering multiple missions including utility work, aerial tours, passenger transport, business aviation, emergency medical services and search and rescue. The three contracts were signed with Fujian Xinmei General Aviation Co. (GAC), Guangdong Baiyun GAC and Yunnan Fengxiang GAC. The total fleet of 123 helicopters comprises mainly light single-engine helicopters from Airbus Helicopters’ Ecureuil family, as well as the light twin-engine EC135.