Wednesday, September 21, 2011
AviTrader Daily Aviation News Alert
This is an overview of all articles linked within the selected daily newsletter.
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August 26, 2016 · 911 Views
It has been reported from Geneva that the International Transport Association (IATA) and Egypt’s authorities are attempting to find a solution for the repatriation of funds owed to airlines operating in Egypt.
The current value of blocked funds stands at US$275 million. To date ongoing discussions between airlines, the Central Bank of Egypt and Egypt’s Civil Aviation Authority has seen US$240 million released while discussions continue regarding an appropriate time schedule for further payments to be made.
Air connectivity is crucial to the Egyptian economy as aviation supports the employment of over 1 million people and produces US$13.1 billion in social and economic benefits. It is imperative from the aspect of both businesses and tourism that IATA, the airlines and the Egyptian government create a solution to the current problem that will comply with international obligations.
Egypt has struggled against the country’s foreign exchange black market since the January 2011 uprising and from December 2012 the central bank had been controlling the official exchange rate through frequent foreign currency auctions. However, in March 2015 further restrictions were placed on the level of dollar deposits allowed in Egyptian banks in a move to fully eradicate the disruptive influence of the black market. The consequence of this though has been a shortage of dollars, and hence the underlying reason behind blocked funds.
Egypt imports most of its basic commodities and relies heavily on income generated by the Suez Canal and tourism. At the end of December 2014 foreign exchange reserves stood at US$15.3 billion. In June this year it was announced that these reserves had risen to US$17.5 billion, but figures released for July show this figure had fallen dramatically to US$15.54 billion.
September 19, 2011 · 74 Views
Comlux Aviation Services LLC, based in Indianapolis, announced the appointment of Randy Shelton to the Regional Sales Manager position. Randy Shelton has over 27 years of sales experience and held prior positions of Maintenance and Avionics Sales Representative for Pentastar Aviation, Regional Sales Manager for Gulfstream Aerospace Corporation, and Regional Sales Manager for KC Aviation. He holds an FAA Private Pilot license.
September 19, 2011 · 70 Views
IFE Services has been selected by Somon Air to meet all of its in-flight entertainment (IFE) requirements. From this month, IFE Services will supply the Tajikstan-based airline with the latest blockbuster releases from Hollywood, as well as classic movies, TV programmes and a selection of audio channels. Content will play on the airline’s onboard audio visual on-demand (AVOD) system and be available to enjoy in English, Russian and Arabic. IFE Services will also meet all of the airline’s digital encoding requirements. Somon Air, which was launched in 2008, is the first private airline company in Tajikistan and has regular flights to Moscow, Dubai, Frankfurt-am-Maine, Istanbul and other destinations.
September 19, 2011 · 105 Views
TAM MRO, TAM Airlines’ maintenance unit, has renewed its certification to provide services for airplanes registered in Canada as well as their components. The new authorization from the Transport Canada Civil Aviation (TCCA) is valid until 2012. Issued for the first time in August 2010, the certification from TCCA authorizes TAM MRO to perform maintenance – as well as specialized services such as electrolytic deposition, welding and carpeting – on the following aircraft models registered in Canada: Airbus A318, A319, A320, A321, A330; Boeing 767, ATR-42 and Fokker-100.
September 19, 2011 · 67 Views
ESMA Aviation Academy reported the extension of its network to Africa through a representation agreement inked with Hi-Fly Marketing, a South African based aviation services company. With strong European roots and a broad international activity, ESMA can already capitalize on serious African references in its areas of competences:
– Train Flight dispatcher trainer for Air Mali, Air Ivoire and Air Burkina
– Ab Initio Pilot trainings for Algerian, Tunisian, Moroccan and Cameroon individuals
– Refresh Cabin Crew courses for Trans Air Congo
– Ab Initio Cabin Crew courses for Air Guinee International
– European Part 66 Aircraft Maintenance License for Aviation Handling Services in Senegal
ESMA and Hi-Fly Marketing will work together with governments, airlines, airports and other operators towards harmonizing the aviation training in Africa and will propose actions to be taken to standardize and assure quality, safety and compliance with the highest level of requirements of civil aviation and training technology. Priority focus will be in the areas of Maintenance and Flight Dispatcher Trainings.
September 19, 2011 · 71 Views
Dublin based global aircraft lessor AWAS has received its 125th Boeing aircraft, a new 737-800, that was delivered to current customer Garuda Indonesia. This aircraft is also Garuda’s first to be equipped with the advanced Boeing Sky Interior.
September 19, 2011 · 105 Views
Macquarie AirFinance released that Liam Kavanagh has joined the company in Dublin as Senior Vice President of Trading, reporting to the CEO. He will be responsible for sales of leased aircraft to investors and acquisitions of aircraft from other lessors.
September 19, 2011 · 76 Views
For the second quarter of 2011 Virgin America recorded a $6.0 million operating loss and an operating margin of (2.2)%. The airline achieved revenue growth during the quarter, with a 46% increase in operating revenue as compared to the second quarter of 2010. Total fuel costs increased by 62% and the Company’s average price per gallon of fuel increased by 26% year-over-year. The increase in fuel costs were the primary factor in a $5.6 million increase in Virgin America’s operating loss, as compared to the second quarter of 2010. The airline ended the quarter with $26 million in unrestricted cash and $53 million in total liquidity.
September 19, 2011 · 68 Views
AerCap Holdings N.V. released that its Board of Directors approved additional share repurchases above the previously announced amount of $50 million. The additional repurchase program will run through December 30, 2011 and will allow total repurchases of up to $100 million in 2011, inclusive of amounts repurchased through the previously announced programs. The total amount for shares repurchased through September 16, 2011 under the previous programs was $48.0 million.
September 19, 2011 · 118 Views
Cirrus Aircraft reported that Co-Founder Dale Klapmeier has been named Chief Executive Officer. Brent Wouters, previously President and Chief Executive Officer, is no longer with the company.
September 19, 2011 · 107 Views
Singapore Airlines announced the launch of the Airbus A380, on the New York (JFK) – Frankfurt – Singapore route, operating from January 16, 2012. New York will be Singapore Airlines’ tenth global destination to receive the superjumbo, and the second point in the U.S., after Los Angeles was added to the list earlier this year. The Singapore Airlines A380 has proven exceptionally popular with customers, with strong loads on all routes it serves. System wide, more than 5.6 million customers have flown on the Airline’s A380s since the inaugural flight in October 2007 to Sydney.The daily A380 flights will replace an existing daily Boeing 747-400 service to New York’s JFK Airport via Frankfurt, representing a daily increase of 25% in seat capacity.
September 19, 2011 · 74 Views
In the midst of troubled financial markets, Airbus foresees strong ongoing demand for commercial aircraft. According to its latest Global Market Forecast (GMF), by 2030 some 27,800 new aircraft will be required to satisfy future robust market demand. The combined value of the over 26,900 passenger aircraft (above 100 seats) and more than 900 new factory built freighters forecast by the GMF is US$3.5 trillion. As a result, by 2030 the global passenger fleet will more than double from today’s 15,000 aircraft to 31,500. This will include some 27,800 new aircraft deliveries of which 10,500 will be needed for replacing older less fuel efficient aircraft. The trend towards larger aircraft will continue, in order for the aviation sector to keep pace with future growth in demand.
People need and want to fly more than ever before. Over the next 20 years the aviation sector is expected to remain resilient to cyclical economic conditions as in the past. Airbus forecasts that Revenue Passenger Kilometres (RPKs) will grow by an average 4.8 per cent per year, which is equivalent to traffic more than doubling in the next 20 years. Factors driving demand for new aircraft include population growth with increasing wealth, dynamic growth in emerging economies, strong continued growth in North America and European markets, greater urbanization and a more than doubling in the number of mega cities by 2030. Drivers also include the ongoing expansion of low cost carriers, and the need to replace older less efficient aircraft with new eco-efficient models in established markets.
Geographically, over the next 20 years, Asia-Pacific will account for approximately 34% of demand, followed by Europe (22%) and North America (22%). By share of passenger traffic, Asia-Pacific will be the biggest market with 33%, followed by Europe (23%) and North America (20%).
September 19, 2011 · 65 Views
Bombardier Aerospace released that its Global Express XRS (BD-700-1A10) aircraft was granted the new military designation E-11A from the United States Air Force. The Global Express XRS (BD-700-1A10) aircraft will be used as an overhead communications-relay platform in Southwest Asia. The aircraft carries Northrop Grumman’s Battlefield Airborne Communications Node, or BACN, which allows disparate battlefield communications systems to share data.
September 19, 2011 · 68 Views
Pratt & Whitney Canada (P&WC) and China Aviation Engine Holdings Corporation (AVIC Engine Holdings) announced the creation of a new joint venture to be located in Zhuzhou, Province of Hunan, People’s Republic of China. The new maintenance, repair and overhaul (MRO) will be called Zhuzhou Tonghui Aero Engine Maintenance Company (AEMC) and will provide in-country maintenance, repair and overhaul for civil-certified PT6A and PW100 and series engines.
The joint venture will be legally structured through SAIC’s ( China National South Aviation Industry Co) subsidiary – General Aviation Engine Company (GAEC) and UTC’s subsidiary – United Technologies Far East (UTFE). AEMC will be owned 75% by GAEC and 25% by UTFE. The joint venture agreement is for 25 years with an option for renewal. AEMC’s board of directors will consist of AVIC representatives and P&WC representatives. P&WC will appoint its general manager and AVIC, the chief financial officer. The remainder of the management team will be jointly selected by the joint venture partners.
September 19, 2011 · 69 Views
The first A350 XWB wing lower cover (WLC) has been transported from Airbus’ composites manufacturing site in Illescas, Spain, to Airbus’ wing assembly site in Broughton, UK, where it will be installed on to the wing of the first A350 XWB to fly, MSN001. The wing lower cover was recently produced at Airbus’ Centre of Excellence for composite materials in Illescas, Spain; the part measures approximately 32 metres long by six metres wide, making it the biggest carbon fibre part ever produced in civil aviation.
The wing cover will be fitted into the A350 XWB wing in Broughton and afterwards will be transported to Bremen (Germany) where the movable parts will be fitted. Later on, the sub-assembly will go to A350 XWB Final Assembly Line in Toulouse, where it will be joined to the fuselage.
September 19, 2011 · 70 Views
September 20, 2011 · 75 Views
Aeroman, a member of the Aveos Group, is adding a new hangar that will accommodate three new lines for narrow body aircraft at the maintenance facility in El Salvador for both existing aircraft (Airbus 320s and Boeing 737s) and the future Airbus A320 Neo. The expansion will add about 82,000 sq. ft. to the existing 294,541 sq. ft. facility, bringing the total number of narrow body airframe maintenance bays to 11 following completion of the work.
Construction began on September 1st and is scheduled to be completed by April 2012. In keeping with the advanced architectural design of the building, the new extension will also be built on an innovative structural system that will facilitate accelerated construction work on the hangar.
September 20, 2011 · 69 Views
A J Walter Aviation continues to develop its business in the Middle East with another service contract, this time with a national carrier of the UAE, RAK Airways. The airline has awarded AJW a three year contract to provide full power-by-the-hour and MBK lease support for its A320 fleet. This new contract will be managed out of AJW’s Middle-East office and will include the additional location in Dubai of extensive A320 inventory, which will mark a significant increase in AJW’s investment in the UAE.
September 20, 2011 · 113 Views
September 20, 2011 · 68 Views
Baltic Aviation Academy (BAA), a Type Rating Training Organization, launched Airbus A320 Full Flight Simulator in the aviation centre premises in Vilnius, on September 19th. It is the first Airbus A320 full flight simulator in the Baltic States. Before the installment of the A320 flight simulator to the academy’s headquarters, practical BAA’s A320 type rating training was executed in Southampton, England.
„The decision to relocate the Airbus A320 flight simulator to Vilnius is focused on leveraging the demand of Central, Eastern European and Russian aviation markets. Pilots’ from neighboring countries will now be able to execute their training in a very close geographical location. The relocation will increase BAA‘s operated A320 training hours by 25% per year”, said Egle Vaitkeviciute, CEO at Baltic Aviation Academy.
September 20, 2011 · 73 Views
Aviation Capital Group (“ACG”) released that it has filed documentation with and received approval from the Singapore Exchange Securities Limited (“SGX-ST”) to issue unsecured Medium Term Notes from time to time which may be denominated in various currencies and listed on the SGX-ST or other stock exchanges. (Unlisted notes may also be issued pursuant to the Program.) The aggregate nominal amount of such notes will not at any time exceed U.S. $500,000,000. Proceeds from the offering(s) are expected to be used for general corporate purposes.
September 20, 2011 · 81 Views
Lockheed Martin’s F-35 flight test program moves closer to reaching year-end milestones since the last update issued July 26. Since then, the F-35 Lightning II 5th Generation multirole fighter conducted 124 test flights, bringing the total number of flights for the year to 642. Overall, the F-35 system development and demonstration (SDD) flight test remains on or ahead of plan for 2011, despite 15 days of testing lost due to fleet stand-down after a ground mishap involving the Integrated Power Package (IPP). Flight testing was also interrupted at Naval Air Station (NAS) Patuxent River, Md., because of an Aug. 23 earthquake and severe weather associated with Hurricane Irene. During this period of down time, the flight test teams at all locations continued working through planned modifications and maintenance. As of Aug. 31, the fleet remained 8% ahead of plan in year-to-date (YTD) flights.
September 20, 2011 · 66 Views
Bombardier has taken a measured decision to reduce the production output of its CRJ aircraft, effective January 2012, to align with current market demand. As a result of mitigation actions, which include employee transfers to other current and in development aircraft programs at Bombardier Aerospace, no manpower impact is anticipated. “Although several sales campaigns for our CRJ aircraft are making progress and the long-term prospects for the CRJ program remain positive, the reduced pace of orders has made a review of our production plans necessary,” said Guy C. Hachey, President and Chief Operating Officer, Bombardier Aerospace. “For these reasons and after careful consideration, a CRJ aircraft production decrease is warranted in the short term. However, thanks to the support and collaboration of our union representatives, we do not anticipate that the rate reduction will have an impact on our workforce.” Bombardier’s guidance in terms of commercial aircraft deliveries for 2011 of approximately 90 aircraft remains relatively the same. Guidance for 2012 will be provided as usual after the end of the current fiscal year.