Friday, July 25, 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 23, 2014 · 82 Views
Skymark Airlines, Japan’s third largest airline, has chosen Panasonic Avionics Corporation’s global connectivity service, eXConnect, to provide its passengers with free-of-charge in-flight Wi-Fi service. Passengers will be able to stay on top of current events as they surf the web, keep in touch with friends and family through their social networks, and even check email and send the latest edits to their upcoming sales presentation to their colleagues – all at 35,000 feet. For domestic routes, Skymark Airlines will introduce this free service on its fleet of new Airbus A330s. They will also expect to offer this same free-of-charge Wi-Fi experience on their international A380 fleet that will be initially flying to North America.
July 23, 2014 · 152 Views
AviaAM Leasing, a WSE listed global aviation holding company engaged in commercial aircraft acquisition, leasing and sales, announced the delivery of another Boeing 737-800 to Russian carrier Orenburg Airlines (operates under the Orenair brand). Under the three-party cooperation between AviaAM Leasing, Orenair and the aircraft’s owner, this is already the fifth Boeing 737-800 delivered to the carrier‘s fleet. Prior to the aircraft’s delivery, AviaAM Leasing has conducted a wide range of maintenance works, including C-Check, cabin repainting and renewal. The 189-seat aircraft was delivered to the Orenair base earlier this week.
July 23, 2014 · 204 Views
Hawaiian Airlines selected six Airbus A330-800neo aircraft, powered by the newly-launched Trent 7000 engine. Hawaiian Airlines has previously ordered Trent 700 engines for A330 aircraft and BR715 engines for Boeing 717 aircraft. The new aircraft will replace six A350-800 aircraft that the airline has on order.
July 23, 2014 · 241 Views
Rolls-Royce has signed a service support agreement with Thomson Airways for RB211-535 engines that power the airline’s Boeing 757 aircraft. The service support agreement has been designed specifically for Thomson and will support the airline’s Boeing 757 aircraft for the duration of their time in the fleet. Thomson Airways, part of the TUI Group, is the airline for Thomson and First Choice, and is the UK’s third largest airline. It has a fleet of 59 aircraft operating from 20 UK airports.
July 23, 2014 · 211 Views
ADSoftware reported the successful launch of its Airpack Fleet Management System and logistics solution to Nova Airways, Sudan’s largest carrier. In an industry that demands constant compliance with regulations, Sudanese carrier Nova Airways was looking for a system that could help them to stay ahead of changing requirements by anticipating any modifications required by regulatory texts. The AirPack solution proved to have the answer, with two specific modules inside the maintenance software which are dedicated to airworthiness management, regulatory compliance and fleet reliability. AirTime would enable the engineering department to coordinate the compliance of the aircraft with the required maintenance programs, applicable airworthiness directives, service bulletins, log books, planning, mechanics and shop activity. Nova Airways is currently the largest Sudanese airline operating a fleet of 3 CRJ200, 1 CRJ200LR and 1 B737-500.
July 23, 2014 · 247 Views
Jet Airways, India’s premier international airline, and Etihad Airways, the national airline of the United Arab Emirates, have outlined plans to reinforce their long-term commitment to the growth of India’s economy and aviation industry, including a major new turnaround strategy for Jet Airways to return to profitability in three years. The two airlines have been codeshare partners since 2008 and their relationship was strengthened in November 2013, after Etihad Airways received approvals to acquire a 24% stake in Jet Airways, marking it the first investment by a foreign carrier in India’s airline industry. Supporting the partnership, the Jet Airways Board recently approved a three-year business plan to reshape the airline and secure its long-term future. The plan incorporates a series of critical measures that lay the foundations for a return to profitability, such as long-term network, fleet and product developments to optimise the airline’s domestic and international operations. Focus areas for international operations will include network developments, including new services to markets such as Europe, China, Australia and Southeast Asia, expanded frequencies to existing routes and additional codeshares. Jet Airways’ two and three class aircraft product will also be enhanced and the seat count optimised on wide-body Boeing 777 and Airbus A330 aircraft. In addition, the domestic business model will improve connectivity across India and worldwide, while removing complexity in product and fleet, including the standardisation and reconfiguration of the Boeing 737 fleet. To initiate the three-year turnaround plan, the Jet Airways Board and management team have already worked with auditors to clean up its balance sheet and write down overvalued non-cash assets. Jet Airways has announced a new team at the helm with Cramer Ball as its new Chief Executive Officer and Subodh Karnik as the Chief Operating Officer pending regulatory approval.
July 23, 2014 · 214 Views
Vector Aerospace, a global independent provider of aviation maintenance, repair and overhaul (MRO) services, announced that Vector Aerospace Africa (Pty) engine repair and overhaul facility, located in Lanseria, South Africa, has been appointed a Designated Overhaul Facility (DOF) for the Pratt & Whitney Canada (P&WC) PT6A-140 aircraft engine.
July 23, 2014 · 392 Views
Aircastle reported the resignation of David Walton. Mr. Walton served as Chief Operating Officer, General Counsel and Secretary of Aircastle Limited. He will remain in his current roles until a smooth transition is complete.
July 23, 2014 · 287 Views
B/E Aerospace reported its second quarter 2014 financial results. Second quarter 2014 revenues of $1.09bn increased 28.1% as compared with the prior year period. Second quarter 2014 operating earnings were $198.1m, an increase of 24.8%, and operating margin was 18.2%. On a GAAP basis, operating earnings were $185.3m. Second quarter 2014 earnings before income taxes were $166.4m, an increase of 29.8%. On a GAAP basis, earnings before income taxes were $153.6m. Second quarter 2014 net earnings were $117.6m, representing an increase of 27.3%, as compared with the prior year period. On a GAAP basis net earnings were $108.6m.
July 23, 2014 · 5509 Views
Delta Air Lines reported that pre-tax income for the June 2014 quarter was $1.4bn, excluding special items, an increase of $593 million over the June 2013 quarter on a similar basis. Delta’s net income for the June 2014 quarter was $889m and its operating margin was 15.1%, excluding special items. On a GAAP basis which includes special items, Delta’s pre-tax income was $1.3bn, operating margin was 14.9% and net income was $801m. Results include $340m in profit sharing expense in recognition of Delta employees’ contributions toward achieving the company’s financial goals. Delta generated over $2bn of operating cash flow and $1.5bn of free cash flow during the June 2014 quarter. As of mid-July, the company has used its strong cash generation in 2014 to reduce its adjusted net debt below $8bn, contribute more than $900m of funding to its defined benefit pension plans, and return $550m to shareholders through dividends and share repurchases.
July 23, 2014 · 1931 Views
The board of directors of Horizon Air has named David L. Campbell president and chief operating officer, Alaska Air Group announced on July 23rd. Campbell brings with him more than 25 years of experience in maintenance and flight operations, most recently at jetBlue Airways where he served as vice president of maintenance and engineering. Prior to that, he served as vice president of safety and operational performance at American Airlines. Current Horizon Air president Glenn Johnson will retire Sept. 1st.
July 23, 2014 · 275 Views
Boeing reported second-quarter core earnings per share (non-GAAP) of $2.42, reflecting strong performance and favorable tax items. Commercial Airplanes second-quarter revenue increased 5% to $14.3bn on higher deliveries. Second-quarter operating margin was 10.8%, reflecting the delivery volume and strong performance offset by the $238m pre-tax charge on the KC-46A Tanker program. During the quarter, Commercial Airplanes delivered the first 787-9 Dreamliner and the 787 program received 330-minute ETOPS certification. In July, Emirates Airline and Qatar Airways finalized orders totaling 200 777X airplanes and Monarch Airlines announced a commitment to purchase 30 737 MAX airplanes. Commercial Airplanes booked 264 net orders during the quarter. Backlog remains strong with over 5,200 airplanes valued at a record $377bn.
July 24, 2014 · 250 Views
Southwest Airlines expanded its OnPoint solution agreement with GE Aviation to cover a total of 196 CFM56-7B engines which power its Boeing 737-800 aircraft, and up to 100 CFM56-7B engines, that power recently acquired Boeing 737-700 aircraft.
July 24, 2014 · 223 Views
MD Helicopters, a Lynn Tilton company and leading manufacturer of commercial, air-rescue, military and law enforcement helicopters, held a ceremonial delivery of a new MD 500E helicopter for the Polk County Florida Sheriff’s Office (PCSO). The acceptance took place at the MD Helicopters booth, where the aircraft was displayed at the Airborne Law Enforcement Association exposition, in Phoenix, Ariz.
July 24, 2014 · 246 Views
Western Aircraft, a Greenwich AeroGroup company, added two new buildings totaling 26,000 ft² to its 18-acre leasehold. The new construction includes an expanded parts facility as well as a two-story infill building that houses support shops for Western Aircraft’s services operation. Western Aircraft President Jeff Mihalic said that Western’s business expansion was driven in large part by the sales tax exemption on installed parts passed by the Idaho legislature in 2012 and the growth of Western’s capabilities and sales force. The overall expansion includes more than $2.3m in new facilities and more than $2.4m in facility improvements and specialized tooling. Additionally, due to the added business, Western Aircraft has increased staffing from 150 to 200 employees.
July 24, 2014 · 215 Views
In the first six months of 2014, MTU Aero Engines AG achieved a revenue growth of 2% to €1,815.8m (1-6/2013: €1,774.9m). Operating profit remained stable at €170.7m (1-6/2013: €169.7m), with an EBIT margin of 9.4% compared with 9.6% in the first half of 2013. Net income increased by 4% to €111.0m (1-6/2013: €106.7m). The increase in group revenues in the first half of 2014 is attributable to growth in the commercial engine business, where revenues have risen by 8% from €953.6mn to €1,032.9m. The main source of these revenues in the OEM business, which comprises series and spare parts sales, were the V2500 engine for the A320, the GP7000 used to power the A380, and the GEnx for the Boeing 787 and 747-8, a program in which production rates have been ramped up significantly. Revenues in the commercial maintenance business have fallen by 7% to €572.9m (1-6/2013: €613.4m). The V2500 engine accounted for the largest part of these revenues. Revenues in the military engine business have barely changed, at €225.5m (1-6/2013: €223.2m). The EJ200 Eurofighter engine was the main source of these revenues. MTU’s order backlog increased by 8% to €10,153.9m between January and June 2014, compared with the level reported at the end of 2013 (Dec 31, 2013: €9,374.6m).
July 24, 2014 · 257 Views
GE Capital Aviation Services (GECAS) has signed an agreement to lease four Boeing 777-300ER aircraft to EVA Airways, following a lease of two B777-300ER aircraft in February 2014. Delivery of the six aircraft is scheduled for 2016 and 2017. The B777-300ERs will modernize EVA’s long-range fleet with high fuel-efficiency, more payload capabilities and additional flexibility in serving the nonstop routes stemmed from Taipei, Republic of China.
July 24, 2014 · 264 Views
JetBlue reported record second quarter operating revenues of $1.5bn. Revenue passenger miles for the second quarter increased 5.7% to 9.6bn on a capacity increase of 6.0%, resulting in a second quarter load factor of 84.6%, a decrease of 0.3 points year over year. Operating expenses for the quarter increased 9.8%, or $119m, over the prior year period. Interest expense for the quarter declined 7.5%, or $3m, due to JetBlue’s focus on debt reduction. JetBlue’s operating expense per available seat mile (CASM) for the second quarter increased 3.5% year over year to 11.88 cents. Excluding fuel and profit sharing, CASM2 increased 5.1% to 7.51 cents.
July 24, 2014 · 282 Views
United Airlines reported second-quarter 2014 net income of $919m, an increase of 51% year-over-year, excluding $130m of special items. Including special items, UAL reported second-quarter 2014 net income of $789m. Second quarter of 2014, total revenue was $10.3bn, an increase of 3.3% year-over-year. Second-quarter consolidated passenger revenue increased 3.6% to $9.0bn, compared to the same period in 2013. Ancillary revenue per passenger in the second quarter increased 7.9% year-over-year to more than $21 per passenger. Second-quarter cargo revenue decreased 1.7% versus the second quarter of 2013 to $232m. Other revenue in the second quarter increased 1.7% year-over-year to $1.1bn.
July 24, 2014 · 267 Views
For the second quarter 2014, American Airlines Group reported a record GAAP net profit of $864m. This compares to a GAAP net profit of $220m in the second quarter 2013, for AMR Corporation prior to the merger. The Company believes it is more meaningful to compare year-over-year results for American Airlines and US Airways excluding special charges and on a combined basis, which is a non-GAAP formulation that combines the results for AMR Corporation and US Airways Group. On this basis, second quarter 2014 net profit excluding net special charges was $1.5 billion, a record for any quarter in the history of the Company. This represents a 114% improvement over the combined non-GAAP net profit of $681m excluding net special charges for the same period in 2013. Total revenues in the second quarter were a record $11.4bn, up 10.2% versus the second quarter 2013 on a combined basis, on a 3.1% increase in total available seat miles (ASMs).
July 24, 2014 · 300 Views
China Airlines has selected UTC Aerospace Systems for a long-term detailed spare parts agreement that includes air management, electric, and engineering systems on select Boeing and Airbus aircraft operated by the airline. As part of the five-year exclusive agreement, UTC Aerospace Systems will provide China Airlines with OEM parts for the Airbus A330 and A340 and Boeing B737- 800NG and B747- 400 aircraft.
July 24, 2014 · 411 Views
Bombardier announced the implementation of a new organizational structure, comprised of four business segments: Bombardier Transportation, Bombardier Business Aircraft, Bombardier Commercial Aircraft and Bombardier Aerostructures and Engineering Services.
Effective immediately, all four business segments will report directly to Pierre Beaudoin, President and Chief Executive Officer, Bombardier Inc. The heads of the business segments remain Lutz Bertling at Transportation, Eric Martel at Business Aircraft and Mike Arcamone at Commercial Aircraft. The head of the new Aerostructures and Engineering Services business segment will be appointed in the next few weeks. Bombardier Aerospace group functions and the Customer Services division will be absorbed into the three aerospace business segments, generating reductions in cost and overhead.