AVITRADER - test system

Friday, September 19, 2014

AviTrader Daily Aviation News Alert

This is an overview of all articles linked within the selected daily newsletter.
Please scroll down to read the articles…

Emirates reject Delta’s apology regarding Anderson’s 9/11 comments

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.


Snecma and HAL to create joint venture and build a new production facility in India

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.


Design flaws led to 787 battery fire

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.


Rolls-Royce forced to axe 2,600 jobs after second profit warning this year

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.


Air France-KLM selects GEnx engines for Boeing 787 fleet

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.


ILFC closes $1.5bn senior secured term loan

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.


Airbus Commercial reports another year of financial improvement

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).


Boeing Commercial Airplanes reports full year revenue of $53bn

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.


A350 XWB in Bolivia for high altitude testing

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.


Firefly welcomes first ATR 72-600

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.


GE’s Passport engine begins first full engine test

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.


Rolls-Royce wins order from CIT to power 23 aircraft

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.


Boeing Shanghai gets more business from Nordwind Airlines

September 17, 2014 · 114 Views

Boeing Shanghai Aviation Services, (Boeing Shanghai) and Russia-based Nordwind Airlines, a charter airline with headquarters in Moscow, are expanding their business cooperation by signing a new maintenance agreement that will include heavy checks, pylon modifications, full painting, landing gear replacement, avionics upgrades and cabin modifications on seven 767-300ERs that will enter service this month. Nordwind Airlines and Boeing Shanghai’s began working together in February 2013. In addition to signing the current agreement, both parties are exploring future business opportunities to further expand their relationship.


OEMServices opens new service center in Dubai

September 17, 2014 · 98 Views

OEMServices opens in Dubai in September its new service center dedicated to the aerospace market. Located in Jebel Ali Free Zone, near Dubai and Abu Dhabi airports, this new center will benefit from a strategic location in the Middle East. The nearly 2.000 m² warehouse, fully furnished and air-conditioned, will host the OEMServices operations (AOG Desk and Customer Support 24/7) and storage of aircraft parts. This platform will support the growth of expected airline fleets in the region, with the introduction of new aircraft types at the end of this year (A350, B787 …). The platform will serve as the coordination center between the original equipment manufacturers station networks and airlines.


Embraer and Republic Airways sign contract for 50 firm E175 jets

September 17, 2014 · 104 Views

Embraer and Republic Airways signed a contract for the sale and purchase of 50 firm E175 jets. The value of the firm order, which will be included in Embraer’s 2014 third-quarter backlog, is estimated at US$2.1bn, based on 2014 list prices. The aircraft will be operated for United Airlines under the United Express brand. Deliveries are scheduled to begin in the third quarter of 2015 and extend until 2017. This contract is in addition to the order signed by Embraer and Republic in January 2013 for 47 firm and 47 option E175s – 34 of which have already been delivered. In addition to the new order, Republic maintains 32 options for E175s. This transaction is in connection with the transfer of Q400 turboprop airplanes currently operated by Republic Airlines to UK’s carrier Flybe. Concurrently, Flybe and Embraer have agreed to reduce by 20 the outstanding order for 24 E175’s the airline has on order backlog. Therefore, the net increase to Embraer’s backlog in the 3rd quarter will be 30 E175 jets.


V-22 flight tests validate ‘hot and high’ capability for Rolls-Royce AE 1107C engines

September 17, 2014 · 108 Views

Flight tests have validated a new engine upgrade for Rolls-Royce AE 1107C engines powering V-22 aircraft, maximizing “hot and high” capability up to 6,000 feet of altitude and 95° F. The enhanced capability is part of a series of upgrades that will boost engine power 17 percent for the aircraft, as Rolls-Royce continues to add innovations to the proven AE 1107C engine. The flight tests were conducted in a Bell Boeing V-22 test aircraft, and completed this summer in the western United States. Rolls-Royce has incorporated the ‘hot and high’ improvements at company expense through a MissionCare contract with the Navy. MissionCare, a Rolls-Royce designed package of services, incentivizes the company to design technology and affordability improvements to benefit the customer. Rolls-Royce has invested $90m in capability and reliability improvements for the AE 1107C engine since 2009, reducing the maintenance cost per flight hour by 34%.


GA Telesis names Managing Director for new Istanbul Sales and Customer Care Center

September 17, 2014 · 168 Views

GA Telesis has named Mehmet Gokhan Dogan to the position of Managing Director of its new Sales and Customer Care Center in Istanbul, Turkey. GA Telesis will use this liaison and development office to meet the growing demands of its customers in Turkey, the Levant region, the Balkans, and Central Asia. Mr. Dogan has spent the last four years working at Turkish Airlines Technic (“THYT”) in the areas of project management and business development.


Air Astana select AerData STREAM software

September 17, 2014 · 84 Views

AerData, the provider of lease management, records management and engine fleet planning software announced that Air Astana, the domestic and international carrier of Kazakhstan has selected AerData STREAM software. STREAM (Secure Technical Records for Electronic Asset Management) is the industry’s foremost web-based solution used by some of the world’s largest airlines, lessors and MROs to manage aircraft and engine records.


United Airlines maintenance instructors ratify new joint labor agreement

September 17, 2014 · 75 Views

United released that the company’s 48 maintenance instructors, represented by the International Association of Machinists & Aerospace Workers (IAM) have ratified a new joint labor agreement. United has now achieved joint collective bargaining agreements with a majority of its represented work force, including pilots, dispatchers, fleet service, passenger service, reservations and storekeeper work groups. The company is engaged in expedited negotiations with the AFA and is in mediation with the International Brotherhood of Teamsters (IBT), representing United’s technicians.


Intrepid Aviation acquires A330-300 on lease to China Airlines

September 17, 2014 · 96 Views

Intrepid Aviation announced the acquisition of one A330-300 equipped with two General Electric CF6-80E1A4 engines. The aircraft (MSN 1367) was manufactured in late 2012 and has since been on lease to China Airlines. This is the second A330-300 aircraft Intrepid has acquired on lease to the Taiwan-based airline.


Avolon adds six 787-9s and five 737 MAX 9s to portfolio

September 17, 2014 · 103 Views

Boeing and leasing company Avolon have finalized an order for six 787-9 Dreamliners and five additional 737 MAX 9s, valued at more than $2.1bn at list prices. Avolon announced a commitment to purchase the airplanes during the 2014 Farnborough Airshow in July. This marks Avolon’s first order for the super-efficient 787 Dreamliner and will increase the lessor’s 737 MAX portfolio to 20 airplanes.


Falcon 7X to be approved for operation at world’s highest airport

September 17, 2014 · 116 Views

The long range Falcon 7X will soon become the first business jet certified to operate at Daocheng Yading, the world’s highest commercial airport. The certification campaign at Daocheng, situated in China’s Sichuan province at an altitude of 14,470 ft (4,411 m), was initiated at the request of Chinese customers and is intended to meet demand in Western China for business jets capable of operating at the many small high altitude airports in the region. The campaign, which began on August 25th and concluded on September 7th, enjoyed strong support from the European and Chinese civil aviation authorities EASA and CAAC. Daocheng flight tests started after a series of preliminary flights at Jiuzhai Huang Long Airport near Chengdu (altitude 11,311 ft/3,448 m) with a CAAC pilot at the controls. After an initial landing at Daocheng – the highest ever by a business jet – the 7X performed engines/APU run up followed by a series of takeoffs and landings including some with simulated engine failure. Once finalized, the approval will permit the Falcon 7X to operate at altitudes up to 15,000 ft.


Qatar Airways takes delivery of first A380

September 17, 2014 · 145 Views

At a ceremony in Hamburg hosted by Airbus, Qatar Airways, one of the world’s fastest growing airlines, welcomed a new star to its fleet – the A380. The airline took delivery of the first of its 10 Airbus A380 aircraft on order.


Swiss International Air Lines orders up to 25 A320neo

September 17, 2014 · 128 Views

Lufthansa Group’s supervisory board has announced that SWISS, a member-airline of the Group, will expand its A320 fleet with a firm order for 15 A320neo aircraft, plus an additional ten of the type to be confirmed at a later stage. The fuel-efficient NEO-fleet will gradually renew and replace SWISS’ existing fleet of A320 Family aircraft. SWISS is the national airline of Switzerland and with A319s, A320s, A321s, A330s and A340s in its fleet the carrier will be able to take maximum benefit from the unique commonality across the Airbus Family.


Eurowings to become new A320 operator

September 17, 2014 · 151 Views

Lufthansa Group’s supervisory board has approved the purchase of ten A320ceo aircraft for its subsidiary Eurowings. The new aircraft will become the backbone of the new low cost business model announced by the Lufthansa Group in July 2014, which foresees Eurowings operations on direct connections within Europe. The Lufthansa Group is Airbus’ biggest airline group operator with over 400 Airbus aircraft in operation and is also Airbus’ biggest airline customer with over 580 aircraft purchased, including today’s new order. Lufthansa Group runs one of the largest Airbus A320 Family fleet in the world, with almost 300 A320 Family aircraft currently in service. Eurowings has already operated Airbus A319s in the nineties and early 2000s.


TES and VIM Airlines sign engine fleet management agreement

September 18, 2014 · 153 Views

TES Aviation Group announced the signing of a long term engine support program with VIM Airlines (Moscow, Russia). The Engine Management program will support the established Russian airline with all off-wing technical and commercial engine management activities, including reliability programming, fleet forecasting, financial modelling, maintenance planning and repair event management, with the objective of reducing the cost of engine operations and to manage the residual value of the fleet. The agreement will support the Vim operation with the establishment of a robust maintenance program whilst providing transition support and knowledge transfer to accommodate the successful growth of the western engine types.


EASA extends FL Technics Part 21J approval to Major Modifications

September 18, 2014 · 111 Views

FL Technics, a global provider of tailor-made aircraft maintenance, repair and overhaul services, has successfully passed EASA certification and was granted with an extended Design Organization Part 21J STC approval which allows aviation maintenance service providers to perform major cabin interior modifications. The newly received Supplemental Type Certificate (STC) extended approval confirms that FL Technics has not only united the team of qualified and competent MRO professionals but also significantly developed its internal procedures allowing to perform both minor and major cabin interior modifications under the EASA Part 21J approval. The STC Major Modification approval allows FL Technics to perform Major Cabin Changes (Modifications), which involves a change to the cabin, such as monument adjustments (galleys, class dividers, toilets etc), VIP conversions and various avionics upgrades, including Mod S EHS (Enhanced Surveillance Systems), In Flight Entertainment (IFE), Fixed (ELT) Emergency Locator Transmitter installations, etc.


KLM UK Engineering widens portfolio by obtaining FAA Approval

September 18, 2014 · 146 Views

KLM UK Engineering has obtained its FAA Approval this year. KLM UK Engineering is one of the first UK based MRO’s to be certified by the Federal Aviation Administration since the US Department of Homeland Security Transportation Security Administration prohibition stopping the FAA issuing any new foreign repair station certifications was lifted early this year. Arjan Meijer Managing Director of KLM UK Engineering comments “KLM UK Engineering has always had the expertise and facilities to accommodate the required work. It has been a long process, but now we are very pleased to have obtained FAA certification. This new approval allows us to expand and develop our current maintenance activities and we look forward to welcoming new customers to our hangars”.


Baltia Air Lines selects F&E Aircraft Maintenance

September 18, 2014 · 230 Views

Baltia Air Lines has signed a Line Maintenance Agreement with F&E Aircraft Maintenance, to provide contract line maintenance (Licensed Airframe & Powerplant Mechanics) to Baltia Air Lines at JFK International Airport. Baltia Air Lines is America’s newest airline, currently undergoing Air Carrier Certification. Baltia’s principal base of operations is at Willow Run Airport, Michigan. Upon Certification, Baltia will operate Boeing 747 aircraft across the Atlantic, from the U.S. to Europe.


VistaJet adds eight new Bombardier aircraft to fleet

September 18, 2014 · 191 Views

VistaJet, a leading global business aviation company, is adding $320m worth of new aircraft to its fleet as part of its ongoing worldwide expansion strategy. This represents the largest number of wide-body business jets to be delivered by Bombardier to a single customer within a 30-day period. The eight new jets include three Bombardier Global aircraft valued at $174m, as well as three Challenger 605 jets valued at $93m, and 2 Challenger 350 jets valued at $53m. This is in addition to five Global aircraft added in the first half of the year. VistaJet plans to take delivery of a further 12 jets including three Global 6000, four Challenger 350 and five Challenger 605 aircraft at a total value of $447.5m, by the end of the fourth quarter.


easyJet orders more A320s

September 18, 2014 · 147 Views

In light of the continued strong financial performance of easyJet and confidence in the future, the Board has decided to increase the payout ratio for the ordinary dividend from one third of profit after tax to 40% of profit after tax from the financial year ending 30 September 2014. Additionally easyJet has reached agreement with Airbus to exercise existing purchase rights over 27 current generation A320 aircraft for delivery between 2015 and 2018. This provides easyJet with the flexibility to continue to execute its proven strategy of disciplined growth and to take advantage of profitable market opportunities. The additional aircraft will augment easyJet’s highly cash generative model and the Board will continue to keep the balance sheet under review and intends to make further returns of capital to shareholders in the coming years. In addition, they will continue to improve easyJet’s cost advantage as a current generation A320 aircraft delivers a cost per seat improvement of between 7% and 8% compared to a current generation A319 aircraft. These aircraft are subject to a very substantial price discount from the list price and are expected to be funded through a combination of easyJet’s internal resources, cashflow, sale and leaseback transactions and debt.


AAR Landing Gear signs five-year deal with Air Nostrum in Spain

September 18, 2014 · 153 Views

AAR signed an agreement with Air Nostrum, based in Valencia, Spain, to overhaul landing gear on its CRJ900 aircraft fleet. The contract builds upon AAR’s existing relationship and experience servicing landing gear on the airline’s entire fleet of CRJ200s over the past seven years. AAR is performing the work at its landing gear repair station in Miami. This agreement expands AAR’s global maintenance, repair and overhaul capabilities on regional jets. Last month, the company signed an agreement with Utah-based SkyWest Airlines to overhaul landing gear on its fleet of 40 Embraer 175 commercial passenger jets.