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Thursday, October 02, 2014

AviTrader Daily Aviation News Alert

This is an overview of all articles linked within the selected daily newsletter.
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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.


Amentum and Archway Aviation complete second Lion Air S&LB

September 30, 2014 · 68 Views

Amentum, the Dublin based commercial aircraft leasing company, announces that it has taken delivery of the second factory new 737-900ER aircraft (MSN 39878) for investor customer Archway Aviation (an Irish based operating lessor). The aircraft was acquired in a sale & lease back transaction and will be operated by the airline group’s main Indonesian carrier Lion Air. The first aircraft (MSN 39880) was delivered on September 15. Both aircraft are funded with commercial debt and are subject to long-term leases. Legal advisors were Clifford Chance (for Amentum), Milbank (for Archway Aviation) and Stephenson Harwood (for Transportation Partners / Lion Air).


Yamal Airlines chooses FL Technics for base maintenance support in 2015

September 30, 2014 · 98 Views

FL Technics is further expanding its cooperation with CIS carriers by signing a new base maintenance agreement with a Russian carrier Yamal Airlines. Under the agreement, FL Technics will support Yamal’s Airbus A320 and Boeing 737 aircraft in its MRO hangars, located in Vilnius and Kaunas, Lithuania. At the moment Yamal Airlines operates a fleet of over 25 narrow-body and regional aircraft. According to the latest agreement, FL Technics specialists will provide comprehensive MRO support for the carrier’s Airbus A320s and Boeing 737s. The scope of works includes but is not limited to C- and D-checks, NDT and borescope inspections, technical defect rectification, structure inspection and repairs, spare parts supply, etc. All the works will be conducted at FL Technics’ hangars at Vilnius (VNO) and Kaunas (KUN) international airports during 2015.


Small Planet Airlines gears up for the winter by basing two aircraft in Cambodia

September 30, 2014 · 134 Views

Following a successful summer season in Europe, the leisure carrier Small Planet Airlines expands its activities to other continents. Two aircraft will start flight operations this November from Cambodia to China and South Korea. The Company has further plans for the Asian market which it will announce in the near future. Under a contract with Skywings Asia Airlines, flights will commence this November and operate until the end of March next year whereby two of the company’s Airbus A320 Aircraft will carry passengers between Siem Reap, Cambodia and cities in China and South Korea.


RAS expands to serve European and African regional carriers

September 30, 2014 · 94 Views

Rheinland Air Service (RAS) has enjoyed a busy 12 months completing the expansion of its central European HQ in Mönchengladbach, near Dusseldorf, Germany, with an enhanced facility, effectively twice the size. It now offers a new, second large hangar (4,300 m²) including workshops and storage, plus space for six ATR 42/72 aircraft. The overall 8,500 m² facility features an ever-growing parts warehouse, which includes many hard-to-find parts made available by the company’s “parting out” of surplus ATR aircraft. RAS has made this investment in response to continued demand from European carriers for expert maintenance, repair, and overhaul (MRO) services. Complementing its ATR network partner capabilities, RAS also has the flexibility to provide comprehensive EASA Part 145 approved MRO on other narrow-bodied aircraft including Airbus A318 to A321, Boeing 737-Classic to NG. Other turboprop types that RAS expertly maintains, repairs, and overhauls include the Bombardier Dash 8, Fokker F27 Mk050, Jetstream and Shorts 300 series.


Piedmont Aviation Component Services signs seven year landing gear maintenance support agreement with Republic Airways

September 30, 2014 · 135 Views

TAT Technologies’ wholly-owned subsidiary Piedmont Aviation Component Services, has signed a seven year landing gear maintenance support agreement with Republic Airways Holdings, covering their Embraer E-175 fleet. The agreement covers the current fleet of 160 aircraft and the total value may exceed $45m. TAT’s President and CEO, Mr. Itsik Maaravi, commented on the new agreement: “We are proud of this new relationship between Republic and Piedmont.  Additionally, this contract will position us as a world leading maintenance service provider for Embraer E – 170/190 landing gear as the fleet is just entering first wave of major overhaul requirements. It constitutes an important step in our strategy of solidifying TAT Technologies and subsidiaries as world leading service providers. The new agreement reinforces TAT’s leading position in the regional Landing Gear maintenance industry, adding new capabilities to our existing product lines, which currently includes ATR 42/72, CRJ 100/200 and Dash 8 aircraft.”

 

 

 


US air traffic control contingency plans and security policies to be reviewed by FAA

September 30, 2014 · 63 Views

In a massive knee-jerk reaction to Friday 26th September’s fire at a control facility near Chicago which affected something like 3,000 flights, the FAA now wish to review US air traffic control’s contingency plans and security plans. They have already made it clear they are not afraid to make immediate changes if they are deemed necessary. Friday’s communications outage was caused by a contract employee. Damaging 20 of 29 pieces of equipment, this event clearly highlighted the vulnerabilities of the present system. Michael Huerta, Federal Aviation Administration Administrator, has made it abundantly clear that the FAA would undertake a 30-day review of the current contingency plans at air traffic control facilities and it would also carry out a full review of all security procedures.
This incident only succeeds in underlining the importance of the NextGen satellite air traffic control system which is due to be operational in 2020. NextGen will use global satellite navigation amongst a host of other new technologies to put more aircraft into the airspace and to improve the overall efficiency of air travel.
It should be noted that the fallout from the fire was still being felt on Monday 29th September with over 300 flights cancelled at O’Hare Airport.


Airbus A350-900 receives EASA Type Certification

September 30, 2014 · 99 Views

The world’s latest generation commercial airliner, the A350-900, has received Type Certification from the European Aviation Safety Agency (EASA) on September 30th, 2014. The certified aircraft is powered by Rolls-Royce Trent XWB engines. Federal Aviation Administration (FAA) certification will follow shortly. The EASA A350-900 Type Certificate was signed by EASA’s Executive Director, Patrick Ky. The document was handed over to Airbus’ Executive Vice President Engineering, Charles Champion and Airbus’ A350 XWB Chief Engineer, Gordon McConnell. “The A350 XWB manufacturing programme has also been innovative and ambitious, aiming for a fully mature aircraft at entry into service and this is what we are proud to be delivering to our first A350 XWB customer, Qatar Airways, before the end of the year. Our fleet of five test aircraft completed the certification campaign, on time, cost and quality. Accumulating more than 2,600 flight test hours, we created and successfully achieved one of the industry’s most thorough and efficient test programmes ever developed for a jetliner,” said Fabrice Brégier, Airbus President and CEO.
The A350-900 Type Certification comes after successfully finishing a stringent programme of certification trials which has taken its airframe and systems well beyond their design limits to ensure all airworthiness criteria are fully met.


British Airways line maintenance lands Qatar Airways contract extension

September 30, 2014 · 139 Views

British Airways’ line maintenance team has recently won the contract to provide technical handling for Qatar Airways’ 787 flights in Edinburgh. British Airways has also been selected this year to support the Qatar Airways operation at Dallas Fort Worth, Kigali and Moscow. British Airways already provides line maintenance services for fellow one world airline Qatar Airways at Philadelphia, Atlanta, Barcelona, Entebbe, Manchester, Houston, Lagos, Madrid and London Heathrow. British Airways will also provide maintenance for Qatar Airways’ A380 flights at Heathrow from October, taking the number of Qatar Airways’ aircraft types supported by British Airways at Heathrow to six.


Boeing to consolidate defense services and support work in Oklahoma City and St. Louis

September 30, 2014 · 125 Views

Boeing will consolidate the majority of its defense services and support-related activities from Washington state to other locations in the U.S. as part of efforts to improve the competitiveness of its Boeing Defense, Space & Security unit. The majority of the work will be relocated to Oklahoma City and St. Louis, where similar activities are performed today. Some additional work will be shifted to Jacksonville, Fla. and Patuxent River, Md. The transition could take up to three years to complete and affect about 2,000 employees. Once completed, approximately 900 positions could be added to Oklahoma City and potentially up to 500 positions to St. Louis. “The decision to consolidate these activities was difficult because it affects our employees, their families and their communities,” said Chris Chadwick, Boeing Defense, Space & Security president and chief executive officer. “However, this is necessary if we are going to differentiate ourselves from competitors and stay ahead of a rapidly changing global defense environment.” To the greatest degree feasible, the company will leverage Boeing Commercial Airplanes’ presence in Puget Sound to mitigate the impact of this decision on individual employees. Even with the announced moves, Boeing Defense, Space & Security continues a robust presence in the Puget Sound region due to production of the P-8 maritime patrol aircraft and KC-46A Tanker, which are based on the company’s 737 and 767 commercial airplanes. Today the company’s defense business has approximately 5,200 employees in the Puget Sound region.


Marshall Aerospace and Defence Group Canada provides further support to Royal Canadian Air Force

September 30, 2014 · 93 Views

Marshall Aerospace and Defence Group Canada has been subcontracted by Cascade Aerospace in relation to the Royal Canadian Air Force’s (RCAF’s) CC130 Avionics Optimised Weapons System Management (AVS OWSM) program. The AVS OWSM program is one of three contracts planned by Canada’s Department of National Defence (DND) to support the RCAF’s CC130 Hercules legacy transport fleet. The Primary Air Vehicle (PAV) OWSM Program, on which Marshall Aerospace and Defence Group Canada is also the engineering subcontractor, has been underway since 2006. The AVS OWSM program extends the reach for overall CC130 aircraft lifecycle management, and the contract with Cascade Aerospace will extend until 2016 with options for additional tranches.


700th AW139 goes to Samsung Techwin

September 30, 2014 · 88 Views

AgustaWestland handed over two AW139 intermediate twin helicopters to Samsung Techwin Co., of the Republic of Korea. These helicopters will be used to perform corporate transport. The delivery includes the 700th AW139 setting a major production milestone coming approximately ten years after its introduction into service in which time it has set the new standard in its category and become the bestselling aircraft in the intermediate twin category. Samsung Techwin, a leading high technology company operating globally in business sectors such as electronics, security, defence, robotics and energy, has been operating AW139s since 2009 with orders for four aircraft placed.


First Airbus A400M for Germany runs its engines

September 30, 2014 · 127 Views

The first Airbus A400M new generation airlifter for the German Air Force has begun final tests towards its delivery. The four engines on the aircraft, known as MSN18, were successfully run simultaneously for the first time on September 28th, at the Airbus Defence and Space Final Assembly Line in Seville, Spain. The A400M will replace the ageing C-160 Transall fleet. The TP400 engines assembled by Europrop International in Munich, give the A400M nearly eight-times as much installed power as the C-160. It can carry twice the load of its predecessor over intercontinental distances at speeds comparable to more expensive jet aircraft, but still land on short or unprepared airstrips close to the scene of military or humanitarian action.


Lufthansa Pension Trust sells 3% shares in Amadeus

October 1, 2014 · 89 Views

Lufthansa Pension Trust has successfully placed approximately 13.5m shares of Amadeus IT Holding, S.A. by way of an institutional private placement. With the sale of the shares, which represents 3% of the shares in Amadeus IT Holding, S.A., the pension fund raised gross proceeds of €388m. Accordingly, the Lufthansa Pension Trust’s stake in Amadeus will be reduced from four per cent to approximately one per cent. To facilitate this transaction, Lufthansa Pension Trust has agreed to a lock up period of 90 days for its remaining stake. The co-shareholder Air France Finance has committed to a lock up period of 30 days regarding its shares of Amadeus IT Holding, S.A. The disposal of the Amadeus shares is a portfolio management transaction by the pension fund to ensure a balanced asset allocation. In November 2012, as part of the active management of its holdings, Lufthansa transferred a 4% stake in Amadeus IT Holding, S.A. to Lufthansa Pension Trust and furthermore sold 3.61% of the shares of Amadeus IT Holding, S.A. With the sale of the shares, Lufthansa Group generated gross proceeds of €307m in 2012.


easyJet orders additional CFM56-5B engines

October 1, 2014 · 104 Views

easyJet, one of Europe’s leading airlines, announced an additional order with CFM International for 54 CFM56-5B engines to power the 27 Airbus A320 ceo (current engine option) aircraft scheduled to begin delivery between 2015 and 2018. The aircraft order was previously announced; the airline is exercising 27 existing purchase rights. CFM values the firm engine order at more than $560m at list price. easyJet has been a CFM customer since 1995 and its entire fleet is powered by CFM56 engines, with the airline operating 226 CFM56-5B-powered A320-family aircraft. Earlier this year, the airline selected the advanced LEAP-1A for its new fleet for A320neo aircraft.


UAM receives AFRA certification

October 1, 2014 · 83 Views

Universal Asset Management announced that its aircraft disassembly processes and facility in Tupelo, Mississippi have been awarded Aircraft Fleet Recycling Association’s (AFRA) accreditation. UAM also offers on-­site, AFRA accredited disassembly services at any remote location worldwide. AFRA promotes best practices for recycling components taken from end­‐of-­life aircraft during disassembly.


Werner Aero Services signs A320 support agreement with ACES

October 1, 2014 · 131 Views

Werner Aero Services has signed a three year agreement with Aerospace Component Engineering Services (ACES), in Singapore to support ACES with A320 components. ACES will have access to Werner Aero Service’s A320 component inventory to be used for exchanges in conjunction with their repair business. ACES is a joint venture between SIA Engineering Company (SIAEC) and Parker Aerospace.


Avtrade appoints new Regional VP Sales – China

October 1, 2014 · 133 Views

Avtrade further expands into the China Region, with the new appointment of Carren Chiu in the role of Regional VP Sales – China. Carren will be responsible for growing business in the China Region. Developing sales strategy, increasing sales and maximising business opportunities, focus will be on building customer relationships and delivering high quality dedicated customer account management and performance.


Lufthansa go on strike again two days after Air France-KLM call theirs off

October 1, 2014 · 146 Views

The power struggle between unions and airlines seems to be never-ending and the public have to be falling out of love with two of the industry’s greats. Two days after Air France call of their longest strike in the company’s history, Lufthansa are hit by a fifth strike in less than four weeks, with 25 long-haul flights having to be cancelled and 9,000 passengers affected. Lufthansa’s 5,400 pilots are represented by the small but powerful Vereinigung Cockpit (VC) union who has called the strike. The union has yet to find any common ground with the airline over alterations to pilot’s early retirement packages. Currently pilots can take early retirement at 55 on 60% of their salary, which can run to €250,000/annum. The Company wants to raise this early retirement age to a minimum of 60 and have pilots contributing to their pensions – the biggest bones of contention. Fears also exist that like Air France-KLM with Transavia, Lufthansa’s main pilots will not be considered for positions in a low-cost arm of the airline. With a staff level of 120,000 anything agreed will have widespread repercussions. And what is the underlying source of the problem? Price sensitivity. In a bid to be competitive all the major airlines are driving their prices downwards, and when that happens, someone has to pay. As the passengers won’t, then it would appear to have to be the employees, otherwise these two giants of the airline industry, Lufthansa and Air France-KLM, may just go the way of other historic giants, the dinosaurs.


LCI successfully closes $325m secured asset-backed facility

October 1, 2014 · 126 Views

LCI, the aviation leasing division of the Libra Group, has successfully closed a five-year, $325m asset–backed credit facility for its helicopter-leasing arm LCI Helicopters. The facility was substantially over-subscribed resulting in an enlarged provision to meet demand. An option to increase the facility to $425m was also added. The funds will be used to expand the company’s helicopter fleet. LCI Helicopters, in which KKR Financial Holdings, LLC, holds a minority stake, has been growing at scale since LCI’s entry into the helicopter leasing market in 2012. The commitments for the facility come from a total of eleven lenders from North America, Europe and Asia, including nine new to LCI Helicopters. The transaction was supported by commitments from three main institutions acting as joint lead arrangers and bookrunners: CIT Group, Inc., Nomura Corporate Funding Americas, LLC, and BNP Paribas.


PPG Aerospace expands sealants production capacity at UK facility

October 1, 2014 · 124 Views

PPG Industries has upgraded aerospace sealants manufacturing operations at its Shildon, England, facility with installation of new equipment to increase capacity and efficiency to meet growing demand. According to Sean Lambourne, PPG market manager for sealants in the EMEA (Europe, Middle East and Africa) region, the state-of-the-art equipment gives PPG flexibility to respond quickly to higher demand by being able to increase capacity several times, adjusting batch sizes and shift operation.


Aerostar to install Split Scimitar Winglets on Boeing 737-800 for Jetairfly

October 1, 2014 · 148 Views

Romanian aerospace company Aerostar S.A., was among the first independent European MRO providers to install Split Scimitar Winglets (SSW) onto two Boeing 737-800s of TUIFly Nordic. Aerostar is currently carrying out the same work on a Boeing 737-800 (msn 37238; registration OO-JAX) for TUI Airlines Belgium trading as Jetairfly, at its Bacau facility in north-east Romania. It is a heavy check together with SSW retrofit. The lead-time for the SSW, wing reinforcement and winglet installation, is seven days, absorbed in the turn-around time for the maintenance check. After OO-JAX is completed, a similar work programme will be carried out on the next aircraft OO-JAU (msn 37250), also from JetAirfly.


Hawthorne acquires Heartland Aviation at Chippewa Valley Regional Airport (KEAU) in Wisconsin

October 1, 2014 · 97 Views

Hawthorne Global Aviation Services (Hawthorne) announced the acquisition of Heartland Aviation at Chippewa Valley Regional Airport (KEAU) in Eau Claire, Wisconsin. Heartland is the fifth Fixed Based Operation (FBO) in Hawthorne’s nationwide network, and its third acquisition in the last six months. The new Hawthorne Eau Claire FBO has a recently-renovated passenger terminal and first class amenities, such as pilot lounges and conference facilities. Hawthorne Eau Claire is a full-service FBO and also conducts commercial airline fueling at the airport. In addition to the FBO, Heartland has a robust aircraft charter and management operation with four well-appointed Citation Jet aircraft, and a strong maintenance department capable of servicing both piston and turbine aircraft.