Thursday, September 04, 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.
September 2, 2014 · 87 Views
Worldwide Flight Services (WFS) has signed an agreement to acquire Swissport’s cargo business at Copenhagen Airport, reinforcing its position as the largest independent cargo handler in Denmark. Under the terms of the agreement, Swissport will transfer all business activities to WFS on 1st October 2014. WFS will take over Swissport’s 4,200m² cargo terminal at Copenhagen Airport, which handles 18,000 tonnes a year on behalf of leading international airlines. WFS provides services to 300 airlines globally, is present at 120 major airports in 20 countries on four continents, and handles four million tonnes of cargo a year. It commenced operations in Scandinavia in 2006 having been awarded a concession on land by Copenhagen Airport a year earlier and investing in the construction of a new cargo terminal. WFS also opened its own cargo business at Stockholm’s Arlanda Airport in 2012. The new agreement with Swissport will take WFS’ total cargo volume at Copenhagen Airport to 100,000 tonnes a year. Its existing facilities at the airport include two cargo terminals with a total area of nearly 10,000m² of warehouse space and office accommodation. WFS’ airline clients at the airport include Singapore Airlines, China Cargo Airlines, Korean Air, British Airways, TAP Portugal, Iberia, Air Canada, Delta Air Lines, Turkish Airlines, Qatar Airways, Air Greenland, Cargolux and Icelandair. The sale of the Copenhagen cargo business to WFS includes all business activities currently carried out by Swissport Cargo Services Denmark ApS as well as all assets. The exit process will start immediately and will be concluded 1st October 2014. Paris-headquartered Worldwide Flight Services (WFS) operates at 120 airports in 20 countries and serves 300 airlines globally, reporting revenues for 2013 of €580 million.
September 2, 2014 · 98 Views
FLY Leasing, a global lessor of modern commercial jet aircraft, has acquired two Airbus A330-300 aircraft manufactured in 2013 and on lease to a leading airline in Asia in a sale and lease-back transaction. FLY now has a fleet of 122 aircraft on lease to more than 65 airlines in over 35 countries.
September 2, 2014 · 125 Views
Rockwell Collins released that Jeffrey D. MacLauchlan has been appointed senior vice president, Corporate Development, for the company, effective Sept. 15th, 2014. MacLauchlan will succeed Dr. Barry Abzug, who has announced his intent to retire in December. MacLauchlan will be responsible for the company’s corporate strategy, merger/acquisition and joint venture, investor relations, enterprise communications and intellectual property functions. He comes to Rockwell Collins having enjoyed a distinguished 30-year career at Lockheed Martin Corporation and Martin Marietta.
Hydrogen South Africa (HySA) Systems and Airbus to research use of fuel cells for commercial airliners
September 2, 2014 · 129 Views
A new chapter has been opened in the quest to make commercial air transport more environmentally and economically sustainable, with the agreement by Airbus and South Africa’s National Aerospace Centre to jointly fund research by Hydrogen South Africa (HySA) into the application of fuel cells on airliners. The initial three-year project, which will be undertaken by HySA Systems Competence Centre at its University of the Western Cape research facility, was launched in Cape Town on September 2nd. With demand for air transport doubling every 15 years, the global airline industry will require nearly 30,000 new aircraft (over 100 seats) by 2032. Simultaneously, the dual factors of high jet fuel costs and industry commitments to halve 2005 CO2 emissions levels by 2050 are driving the search for alternative solutions to fossil-fuel based propulsion and energy sources. With this in mind, Airbus has identified hydrogen fuel cells as a future, emissions-free substitute to small gas turbine engines called Auxiliary Power Units (APUs), which are used for generating on-board electrical power and heat while the aircraft is on the ground. Almost every airliner designed and built since the advent of jet travel in the 1950s, has been equipped with an APU, which is located in the tapered tail cone section of the rear fuselage. Replacing the fossil-fuel powered APUs with hydrogen fuel cells would help achieve the goals of emission-free and low-noise aircraft operation.
September 2, 2014 · 99 Views
The International Air Transport Association (IATA) announced the appointment of Rodolfo “Rudy” Quevedo as Director of Safety. On September 2nd, 2014, Quevedo joined IATA’s Safety and Flight Operations team and will be based in Montreal. He will be responsible for Cabin Safety, Safety Management Systems (SMS), and Global Aviation Data Management (GADM). Quevedo comes to IATA from the Flight Safety Foundation (FSF) where he served as Director, Global Programs, managing FSF’s technical and global initiatives in collaboration with the International Civil Aviation Organization (ICAO). Prior to joining FSF in 2011, he was Director of Safety for North American Airlines, a position he held for four years. He began his aviation career at Eastern Airlines in 1980.
September 2, 2014 · 93 Views
Gogo, a global aero-communications service provider, announced that Aircell, the company’s business aviation division, has rebranded as Gogo Business Aviation. The Aircell brand can be traced back 23 years to the company’s original founding in 1991. Gogo Business Aviation will build on the Aircell tradition using the same people, passion and culture of innovation that made it business aviation’s most trusted in-flight connectivity brand. The only company to offer all three of business aviation’s most popular network technologies – Gogo Biz, SwiftBroadband and Iridium – the company offers solutions to fulfill any customer need, aircraft type or geography. As Gogo continues to expand its leadership position, its business and commercial aviation divisions now share a single, global brand. Operationally, the divisions will continue exchanging expertise and technologies while remaining solely focused on their respective markets.
September 2, 2014 · 124 Views
Triumph Group reported financial results for its first quarter of fiscal year 2015, which ended June 30th, 2014. Net sales for the fiscal first quarter of 2015 were $896.9m, a 5% decrease compared to fiscal first quarter 2014 net sales of $943.7m. Organic sales for the quarter decreased 6% primarily due to production rate cuts on the 747-8 and V-22 programs, lower revenues on the 767 program and the shifting of several C-17 shipments into the second quarter of fiscal year 2015. Net income for the first quarter of fiscal year 2015 was $128.2m, compared to $79.0m for the first quarter of the prior fiscal year. Results in the first quarter of fiscal year 2015 included $8.7m pre-tax ($5.6m after tax) of costs related to the Jefferson Street/Red Oak facility transition and $22.6m pre-tax ($14.5m after tax) of costs related to the refinancing of the Senior Notes due 2018. Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) for the first quarter of fiscal year 2015 were $134.4m and reflected an Adjusted EBITDA margin of 15%. This compares to Adjusted EBITDA of $168.1m and an Adjusted EBITDA margin of 18% in the prior fiscal year’s first quarter.
September 2, 2014 · 104 Views
German air rescue service DRF Luftrettung has taken delivery of the first of 20 EC145 T2 from Airbus Helicopters in Donauwoerth. This new version of the EC145, certified in April 2014, is powered by the latest member of the Arriel family, the Arriel 2E. Certified in January 2013 by the European Aviation Safety Agency (EASA), the Arriel 2E is an 894 shp turboshaft that delivers over 20 per cent more power than the Arriel 1E2 fitted to the original EC145. The 2E benefits from a new axial compressor and new turbine blades, which improve performance and lower the fuel consumption of a proven design. Hamburg-based Turbomeca Germany GmbH will provide support and maintenance to DRF Luftrettung engines. Founded in 1991, Turbomeca Germany employs 46 persons and provides 24/7 support for 250 customers in 29 countries (located in Northern, Central and Eastern Europe, Central Asia and Russia).
September 3, 2014 · 92 Views
GE Capital Aviation Services (GECAS) added a new aircraft type to its owned fleet with the completion of a purchase-and-leaseback transaction with Nok Air involving two new Bombardier Q400 NextGen turboprops. The first aircraft delivered to Nok Air on August 26th, 2014 and the second is scheduled for delivery in September. The Bombardier Q400 NextGen, also known as the DHC8-400, features updated cabins, LED lighting, larger windows, larger overhead bins, and improved landing gear. The Q400 NextGen aircraft is configured to seat 86 passengers.
September 3, 2014 · 94 Views
Mid fuselage fuselage/center wing and aileron section of C919 aircraft passed airworthiness inspection at AVIC Xi’an Aircraft Industry (Group) (XAC) and was ready for delivery on August 29th, 2014. This is the second section delivered during the development of the C919 program, laying a solid foundation for airframe butt joint of the first C919 aircraft in the second half of this year. The mid fuselage/center wing and aileron section is in the middle part of the fuselage with an overall length of 5.99 m and a width of 3.96 m, and composed of a mid fuselage barrel section, a keel beam, center wings and emergency exit doors. This section is the center for the load transfer of the whole aircraft structure. This section comprises more than 8200 parts and involves more than 3400 toolings. In order to improve the performance of the whole aircraft and reduce structural weight, third generation aluminium-lithium alloy, 2024HDT aluminium alloy with high damage tolerance, and ultra-large titanium alloy forgings are widely used in the mid fuselage/center wing and aileron section, which is the first application on civil aircraft in China.
September 3, 2014 · 84 Views
The U.S. Department of Transportation (DOT) on September 2nd announced, that it will require additional time to reach a decision on Norwegian Air International’s (NAI) application for a foreign carrier permit to serve the U.S. from Europe. Until then, Norwegian Air Shuttle will continue to operate flights to the U.S. under its existing authority from DOT. Norwegian urges DOT to expedite its review and issue NAI’s foreign carrier permit fly to the U.S. – once and for all. The announcement to dismiss the exemption application “on procedural grounds,” simply gives DOT additional time to consider NAI’s permit application. It is not a denial. Norwegian Air Shuttle already holds a permit to fly between Europe and the U.S., and Norwegian Air Shuttle’s existing operations to the U.S. are not affected by the announcement. “While we think it is unfortunate that DOT feels the need to further delay issuance of our permit, which has been pending now for over six months, Norwegian Air International stands behind its business – from its pilots and cabin crew to its affordable fare model to its desire to bring competition to the transatlantic market – and looks forward to receiving approval to operate without further delay,” said Asgeir Nyseth, CEO of NAI. The EU-US Open Skies Agreement requires that permits be issued with “minimum procedural delay.” Both the European Commission and the Irish Government have clearly voiced support for NAI’s application.
September 3, 2014 · 83 Views
Airstream International Group has arranged, on behalf of a large US based Lessor, the dry lease of one ATR72-500, MSN638 (PK-KSC), to PT. KALSTAR AVIATION of Indonesia. MSN638 was previously owned and operated by Air Dolomiti before being purchased by the lessor as part of a three aircraft package. The aircraft will enter service in the coming days on internal routes based on the island of Kalimantan (Borneo). Airstream has successfully arranged the sale or lease of thirteen ATR aircraft over the last twenty four months and expect to close on several more in the second half of this year.
September 3, 2014 · 103 Views
Waypoint Leasing, a leading global helicopter leasing company, has raised a further $300m in term loans to refinance existing assets previously funded under its Revolving Credit Facility. BNP Paribas, MUFG Union Bank, N.A., RBC Capital Markets and Wells Fargo Securities acted as Lead Arrangers and were joined by asset financier Lombard, Sumitomo Mitsui Banking Corporation, Everbank Commercial Finance, Inc. and Capital One, National Association as Lenders. The facility also includes an accordion feature to expand the borrowing capacity further, up to $400m. This term loan brings Waypoint’s total capital raised to $1.2bn to date. The financing further enhances the Company’s ability to acquire attractive and varied helicopter assets to its fleet quickly and with scale. Alan Jenkins, CFO of Waypoint, said, “This term financing of a diversified pool of assets frees capacity under our revolving credit line to facilitate additional helicopter acquisitions. We are very pleased that leading financial institutions acted as Arrangers and Lenders for this transaction and their support is a further validation of Waypoint’s strong, long-term financial profile.”
September 3, 2014 · 67 Views
Delta reported that traffic for the month of August increased 3.1% compared to the previous year, while capacity increased 2.7%. The load factor for August increased 0.3 points to 87.6%.
September 3, 2014 · 87 Views
American Airlines priced an offering of two classes of enhanced equipment trust certificates (the “Certificates”) in the aggregate face amount of approximately $957m. Proceeds of the offering are expected to be used to acquire equipment notes issued by the Company and secured by (a) five Airbus A319-112 aircraft delivered new to the Company in 2013, (b) seven Airbus A321-231 aircraft delivered new to the Company in 2014, and (c) five Boeing 777-323ER aircraft delivered new to the Company from 2012 to 2014. The Company will use the proceeds from the issuance of such equipment notes for general corporate purposes and to pay fees and expenses related to the offering. The $957m financing is comprised of approximately $742m of Class A certificates with a final expected distribution date of October 1, 2026 and approximately $215m of Class B certificates with a final expected distribution date of October 1st, 2022. The Certificates are expected to be issued on September 16, 2014, subject to customary closing conditions.
September 3, 2014 · 113 Views
Silver Airways’ Board of Directors named Sami T. Teittinen as the airline’s new Chief Executive Officer (CEO). He will join Silver Airways’ Board, effective September 5th, 2014. Teittinen currently serves as Silver Airways’ chief financial officer. Previously, the position of Silver Airways CEO was held by Dave Pflieger.
September 3, 2014 · 107 Views
Intrepid Aviation delivered one new Airbus A330-300 to Cebu Pacific Air. The aircraft is equipped with Rolls Royce Trent 772B-60 engines and is subject to a long-term lease to the Philippines based carrier. This marks the first aircraft to be delivered to Cebu Pacific on lease from Intrepid Aviation. Intrepid Aviation is a privately held commercial aircraft lessor, which owns commercial aircraft leased to airline operators worldwide. Intrepid Aviation focuses primarily on twin-engine widebody equipment, such as the Boeing 787, 777 and the Airbus A330 aircraft.
September 3, 2014 · 131 Views
Richard Nevill has been appointed the Vice President of Aircelle’s Customer Services Division, effective September 1st. Nevill brings proven expertise in customer support and services, gaining his experience during a 30-year aerospace industry career. “Richard will lead Aircelle’s after-market development, along with the transformation of customer services activities that are essential to our continued growth worldwide,” said Aircelle Chairman and CEO Martin Sion. Nevill comes to Aircelle from AgustaWestland Helicopters, where he was responsible for the rotorcraft producer’s customer support and services activity since 2010. He initiated the process of global integration in this rapidly-expanding business, covering a comprehensive suite of services and partnered solutions through a network of subsidiaries, joint ventures and distributors.
September 3, 2014 · 84 Views
Alaska Air Group reported August and year-to-date operational results on a consolidated basis, and for its subsidiaries, Alaska Airlines and Horizon Air. Alaska reported a 6.2% increase in traffic on a 6.6% increase in capacity compared to August 2013. Load factor decreased 0.4 points to 87.6%.
Horizon reported a 3.5% increase in August traffic on a 7.6% increase in capacity compared to August 2013. Load factor decreased 3.3 points to 82.3%.
September 3, 2014 · 112 Views
Bombardier, the world’s leading business aircraft manufacturer, reported that the Challenger 350 aircraft has received full type certification from the European Aviation Safety Agency (EASA). “Our Challenger 350 aircraft successfully entered into service this past June and made its European debut at the Farnborough airshow in July. With certification now in-hand, we are eager to start delivering EASA-registered units to our customers,” said Éric Martel, President, Bombardier Business Aircraft. “We have very strong demand for this aircraft and customers who are already operating it are delighted with its increased performance and new cabin design.”
September 3, 2014 · 110 Views
Rockwell Collins has completed on-time delivery of its Pro Line Fusion flight test software to Embraer for its KC-390 aircraft. The red label software is now under configuration control and enables Embraer to complete the aircraft systems integration. The KC-390 program marks the first military application of Rockwell Collins’ award-winning Pro Line Fusion integrated avionics system, which entered the business jet segment in 2012. It also represents the greatest content that Rockwell Collins has on an Embraer military aircraft. To support this program, Rockwell Collins has also fully established its program management and engineering team in Brazil, which results in new jobs for the region. The team, which is fully dedicated to the KC-390 program, is co-located at Rockwell Collins do Brazil and Embraer facilities in São José dos Campos. In addition, the company is now manufacturing components for the KC-390 program in Brazil, again demonstrating its commitment to adding jobs and transferring technology to the country. Rockwell Collins do Brazil has increased its employment by 50 percent in Brazil over the past three years, with plans to continue steady investment and growth as it adds new programs in country.
September 3, 2014 · 109 Views
RUAG Aviation has signed a dealership agreement with Jetcraft Corporation to market HUD Vision Access for the Bombardier Challenger 604 and 605. Under this agreement, RUAG Aviation will be responsible for the sale and installation of the enhanced flight vision system, consisting of various components including a head-up display (HUD) and infrared sensor. The advanced HUD Vision Access affords significant advantages to owners, operators and pilots of the Challenger 604 and 605. By enabling operations in low visibility conditions, the system enables aircraft to taxi, take-off and land under all conditions – improving safety and saving time. Furthermore, pilots with HUD Vision Access are able to descend below decision height at most airports, minimising ground-based infrastructure requirements and enabling access to a greater number of airports.