Friday, September 30, 2011

AviTrader Daily Aviation News Alert

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Spain Postpones Aena IPO

October 31, 2014 · 33 Views

The Spanish government has postponed the IPO of airport operator Aena until the first months of 2015, two people with knowledge of the matter said.

State-owned Aena, which operates 46 airports in Spain as well as having interests in airports in Mexico, Colombia, Cuba, Angola and the UK, had been aiming for a share market debut on November 12.

But renewed doubts over the strength of Europe’s economic recovery and a flagging market appetite for new listings have blighted the prospects for a successful sale.

“The operation is postponed until a technical flaw that was identified can be resolved,” the source said on condition of anonymity. The “flaw” relates to a tender not being organised to pick an auditor to sign off the comfort letter needed for the prospectus.

A second source said a tender would be held shortly to pick an auditor.

The delay to the sale is a blow to the government ahead of a general election due next year and after some officials insisted as recently as this week that problems in preparing for the share offer would be resolved in days.

It also follows many months of laying the ground for the sale, including television and radio advertising the impending share offer to the public.

NEXT STEPS

Spain’s government now has a window of around six months to try and reactivate the Aena share offering, or else it faces starting from scratch at a later stage.

It had already provisionally placed 21 percent of the airports operator with three ‘cornerstone’ investors – Spain’s Corporación Financiera Alba fund, British fund TCI and infrastructure group Ferrovial.

The three are committed to going ahead provided the sale is completed by April 16 including the broader share offer.

The share offering had already experienced some hiccups, with Aena delaying the offer prospectus last week.

Company officials said at the time that the government was likely to give the go-ahead for the offer on October 31 but sources familiar with the matter told Reuters news agency that senior government officials were still divided on pricing and therefore whether the IPO should go ahead at all.

Alvaro Nadal, senior economic adviser to Spanish Prime Minister Mariano Rajoy, had earlier this week called the pricing range “more than reasonable”, while insisting there would be no going back on the privatisation.

Aena said on Thursday it was not aware of any suspension while the economy ministry, the treasury ministry, the public works ministry and Prime Minister Mariano Rajoy’s office all declined to comment.

The Spanish government had initially considered a EUR€5 billion (USD$6.3 billion) valuation for Aena. But the price at which the three anchor shareholders offered to buy into the airports operator valued it at between EUR€7.3 billion and EUR€8 billion, higher than originally anticipated and raising some concerns it could be seen as expensive.

A public body advising the government on privatisations last week outlined a preliminary price range implying an equity value of between EUR€6.2 billion and EUR€8 billion.

(Reuters)


Air France-KLM selects GEnx engines for Boeing 787 fleet

March 25, 2014 · 71 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 · 50 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 · 50 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 · 42 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 · 37 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 · 40 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 · 24 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 · 20 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.


MTU Aero Engines takes 18% share in PurePower PW1100G-JM engine program

September 28, 2011 · 7 Views

MTU Aero Engines has taken an 18% share in the PurePower PW1100G-JM engine program which is currently being developed for the emerging Airbus A320neo aircraft family. This has been agreed between MTU, JAEC and Pratt & Whitney, the leading OEM partner company in this program. According to the agreement, MTU will also take on a portion of the final engine assembly and test of the PW1100G – a new role for MTU in a high-volume commercial engine program. “We are very proud to have succeeded in increasing our program share and taking on a major role in engine assembly. Our participation in the geared turbofan engine programs will be a major driver of future growth for MTU”, said MTU CEO Egon Behle.

The 18% share in the PW1100G-JM program for the A320neo aircraft family is 3% more than the previously agreed shares in the other PurePower engine programs. In addition to the complete low-pressure turbine and the first four stages of the high-pressure compressor (HPC), MTU will provide the brush seals. Also new is a manufacturing portion of  HPC nickel blisks. The portion of final engine assembly and test is also included in MTU’s increased workshare. Furthermore, both partners have agreed to raise MTU’s stake in the PW1500G engine program for Bombardier CSeries aircraft from 15 to 17%.


CIRCOR Aerospace selects Stuart McSorley as Director of Quality

September 28, 2011 · 15 Views

Stuart McSorley has joined the CIRCOR Aerospace California team as Director of Quality.  McSorley will play a key role in the Corona senior leadership team.  His duties include executing and continuously improving the quality control procedures throughout the manufacturing process.  He will also support the design and development of new products.


Air France Industries KLM Engineering & Maintenance choose Quantum Control

September 28, 2011 · 7 Views

Component Control, a leading aviation MRO and Logistics business solution provider released that Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) has chosen Quantum Control to further support its Total Component Care program for its customers worldwide.  Air France Industries KLM Engineering & Maintenance is a world-leading MRO provider to over 150 airlines around the world. AFI KLM E&M has developed a wide portfolio of maintenance services, which cover all aircraft components (rotables, repairables or expendables) in a vast range of aircraft families.  In addition to repair & overhaul, AFI KLM E&M implements several services to support its airline customers wherever they are based, such as logistics, warranty management, pooling, loan & lease, procurement and financing, up to the development of ad hoc solutions close to the customer.


MAEL secures DHL B757 certificate of airworthiness

September 28, 2011 · 5 Views

Monarch Aircraft Engineering (MAEL) has concluded a contract to assist DHL in obtaining a Certificate of Airworthiness for the addition of a B757 [G-CSVS] to their fleet. MAEL’s management services team (Part M) provided support with the regulatory approval process for the aircraft transfer to the UK register.


Boeing KC-46 tanker program completes integrated baseline review

September 28, 2011 · 7 Views

The Boeing KC-46 Tanker program successfully completed its Integrated Baseline Review (IBR) with the U.S. Air Force on Aug. 24 at Boeing program headquarters in Mukilteo. The assessment, attended by senior Air Force program officials, validated the program’s technical scope and finalized key milestones for the design and development phase of the Air Force’s next-generation aerial refueling tanker. With IBR complete, the program now will focus on milestones that include a Preliminary Design Review in the first quarter of 2012, a Critical Design Review in the third quarter of 2013, and the KC-46 tanker’s first flight in early 2015.


Somon Air takes delivery of first 737-900ER

September 28, 2011 · 7 Views

Tajikistan-based Somon Air took delivery of the first Next-Generation 737-900ER with the new Boeing Sky Interior, making it the first Central Asian carrier to operate an airplane featuring Boeing’s innovative interior. The delivery is also Somon Air’s first direct purchase of a 737.


Donna Hrinak named to lead Boeing in Brazil

September 28, 2011 · 10 Views

Boeing named Donna Hrinak as president of Boeing Brazil.  The appointment, which is effective October 14, further expands Boeing’s presence in Brazil and strengthens the company’s engagement with customers, industry and government stakeholders. Hrinak will be based in a new Boeing office to be opened in Sao Paulo. Hrinak is responsible for the development and implementation of the Boeing strategy in Brazil and leads company-wide activities including government affairs, identifying new and emerging business opportunities, leading corporate citizenship programs and enhancing company relationships with customers, partners and other stakeholders.


Atlas Composites receive AS9100 REV C accreditation

September 29, 2011 · 4 Views

UK-based Atlas Composites revealed their most recent accreditation – AS9100 REV C, Quality Management System, the standard for Aviation, Space and Defence. The award of AS9100 REV C certification, aided by consultancy and training firm TPT Consultancy, expands on the existing scope of AS9100 Rev B and is testimony to Atlas Composite’s operating effectiveness, quality procedures and its Executive Managements commitment to customers.

Atlas Composites are 1 of only 3 composite companies to have attained AS9100 REV C out of the 41 certificates issued in the UK to date. Staff turnover has grown by 15% in the last 3 months. Atlas Composites currently employ 60 staff in a 25,000 square ft production facility.


Mesa Air selects Goodrich for CRJ700/900 landing gear overhaul services

September 28, 2011 · 7 Views

Goodrich has been selected by Mesa Air Group to provide landing gear maintenance services for its fleet of Bombardier CRJ700 and CRJ900 aircraft. The multi-year agreement will encompass all scheduled repair and overhaul services including the use of Goodrich-owned rotable landing gear assets. Goodrich is the original equipment manufacturer (OEM) of the Bombardier CRJ700 and CRJ900 landing gear.


China Airlines joins SkyTeam

September 28, 2011 · 7 Views

SkyTeam, the global airline alliance, welcomed China Airlines as its 15th member at a joining ceremony held in Taipei. The flag carrier of Taiwan and one of the world’s leading cargo carriers, China Airlines becomes the first Taiwanese airline to join SkyTeam. From its hub in Taipei, one of Asia’s strongest economies, China Airlines operates a diverse passenger and cargo network throughout the wider Asia pacific region, North America and Europe, with a total of 224 daily departures to 80 destinations worldwide. The new member also brings three new destinations to the SkyTeam network: Okinawa and Miyazaki, Japan; and Surabaya, Indonesia.


Avianca signs firm order for four Airbus A330 Freighter aircraft

September 28, 2011 · 7 Views

Avianca, part of the airline group AviancaTaca Holdings, has signed a firm order for four Airbus A330-200 Freighter aircraft. The new aircraft will be operated by Avianca’s cargo subsidiary Tampa. Avianca will announce its engine choice at a later date. The A330-200 Freighter will replace Tampa’s current cargo fleet and play a key role in expanding Avianca’s international cargo business. The order will make Avianca the first operator to receive the A330-200 Freighter in Latin America. AviancaTaca and its subsidiaries already operate seven A330-200 passenger aircraft and 81 A320 Family aircraft.


SAMC, Boeing, and Avic International sign 10-year 737 Horizontal Stabilizer contract

September 28, 2011 · 8 Views

COMAC Shanghai Aircraft Manufacturing Co. (SAMC) signed a 1o-year Boeing 737 Horizontal Stabilizer contract with Boeing and AVIC International Holding Corporation. The contract represents the largest deal and covers the longest period so far that Boeing has ever entered into with a Chinese supplier.


Rheinland Air Service announces sizeable MRO facility expansion

September 28, 2011 · 7 Views

Rheinland Air Service (RAS), Europe’s independently-owned regional aircraft MRO organization, reported its recent facility expansion – plus its all-new ATR approval. Centrally based at Düsseldorf’s Moenchengladbach Airport, RAS is an EASA Part 145 and Part 21 approved organization. The company, which also holds approvals from Russia and Bermuda, focuses on base maintenance for the ATR 42/72 series. Additionally, RAS is authorized on the Boeing 737 series, the Airbus A320 family, Bombardier Dash 8s, Jetstream 31/41, and Fokker 50 aircraft. RAS’ new and expanded facilities at its Moenchengladbach home base can simultaneously accommodate up to six ATR aircraft. The RAS facility now includes 400m² of workshop space; 200m² of office space; 400m² of parts storage space, a new paint shop; plus 200m² of staff space. Representing an investment of $1 million, the expansion that finished in early 2011 added an additional 1,200m² to the already 4,000m² RAS facility.

Furthermore RAS received ATR Repair and Overhaul approval certificate for Flight Controls. This approval follows a stringent, just-completed audit of the RAS facility and technicians.


Lockheed Martin delivers four C-130J Super Hercules Airlifters to Qatar

September 29, 2011 · 3 Views

Lockheed Martin officials formally delivered four C-130J Super Hercules airlifters to the State of Qatar, on September 28th, at the Lockheed Martin facility. The Qatar Emiri Air Force’s new Super Hercules are the longer fuselage or “stretched” variant of the C-130J. The aircraft will be used for humanitarian relief and military missions for the defense of the State of Qatar. The new airlift fleet will ferry to Qatar in October.


Lufthansa Technik Sofia offers comprehensive MRO Services for Bulgaria Air

September 29, 2011 · 8 Views

Bulgaria Air and Lufthansa Technik Sofia have signed a ten-year component supply contract. The Total Component Support TCS comprises local stock in Sofia, as well as access to component pool for Bulgaria Air’s Airbus A319 and A320, as well as for the Boeing 737 Classic fleet. The agreement also contains line and fleet base maintenance for the nine aircraft. Some of the Boeing aircraft are partially operated in Russia. The base maintenance support includes light C-checks and heavy D-check events. Base maintenance is provided directly in the Bulgarian capital Sofia whereas line maintenance services are offered in Sofia, Varna and Burgas.


Oakenhurst Aircraft Services and Spectralux sign support agreement

September 29, 2011 · 4 Views

Oakenhurst Aircraft Services is to provide product support and repair services for the Dlink+ w/CPDLC (Controller Pilot Data Link Communication) system produced by Spectralux Avionics. Dlink+ w/CPDLC is a single LRU (line replaceable unit) system designed to meet the growing data communications requirements of civil and military aircraft operators – and in particular addresses the EUROCONTROL Link 2000+ equipage mandates. Under a newly signed agreement, Rayleigh, Essex, UK-based Oakenhurst will provide year-round, 24-hour, AOG support for Dlink+ as well as exchange units and warranty repairs as the product is fielded more widely. The agreement with Redmond, WA-based Spectralux is with immediate effect and initially covers the UK, Europe, and Ukraine (where Oakenhurst has its own workshop). It may be expanded to other territories.


Nordic Aviation Capital signs contract for 10 ATR 72-600s and 2 ATR 72-500s

September 29, 2011 · 3 Views

European turboprop manufacturer ATR and Danish regional aircraft leasing company Nordic Aviation Capital (NAC) signed a contract for the purchase of 10 ATR 72-600s and 2 ATR 72-500s, plus options for 10 additional ATR 72-600s. The total amount of the deal, including options, is valued at $500 million. The 10 firm ATR 72-600s and the options had been previously inked, as Heads of Agreement, by both companies at the Paris Air Show last June, and now confirmed by the final contract signature. With the additional 2 ATR 72-500s, NAC will bring to 103 the total fleet of ATRs in its portfolio. Deliveries of these two ATR 72-500s are scheduled before the end of the year. NAC will start receiving its ATR 72-600s next year.


Boeing P-8I aircraft completes 1st flight

September 29, 2011 · 3 Views

Boeing’s first P-8I aircraft for the Indian Navy completed its initial flight on September 28th, taking off from Renton Field at 12:02 p.m. Pacific time and landing two hours and 31 minutes later at Boeing Field in Seattle. During the flight, Boeing test pilots performed airborne systems checks including engine accelerations and decelerations and autopilot flight modes, and took the P-8I to a maximum altitude of 41,000 feet prior to landing. In the coming weeks Boeing will begin mission systems installation and checkout work on the aircraft at a company facility near Boeing Field.


GE Aviation and Iberia Maintenance sign CF34-8 engine overhaul agreement

September 29, 2011 · 5 Views

GE Aviation and Iberia Maintenance have signed an agreement that will provide Iberia with OEM technical support for its maintenance and repair services on CF34-8C/E engines. This agreement expands Iberia’s current overhaul capability of the CF34 engine family and licenses GE’s engine maintenance technology. Iberia is also working with GE to develop a high-pressure compressor blade repair shop for the CFM56-5 and -7 families. The airline is in the final stages of GE certification.


Finnair to streamline its support functions and marketing and distribution activities

September 29, 2011 · 5 Views

Finnair plans to improve profitability by streamlining its support and management functions and increasing the efficiency of its marketing and distribution activities. These plans are put in place to improve Finnair’s profitability and are part of Finnair’s goals to reduce annual costs by 140 million euros by 2014. Finnair starts employee consultations in many of its functions including Finance, HR, IT and marketing organization of the airline business. The estimated reduction in workforce is approximately 155 positions. Finnair continues to find new cost saving items across the company. In addition, Finnair aims to reduce operational costs significantly, for example by cutting procurement, marketing and IT spending.


Sabena technics and Compagnie Africaine d’Aviation extend maintenance collaboration

September 29, 2011 · 1 View

Sabena technics has extended its collaboration with Compagnie Africaine d’Aviation (CAA), the main carrier of the Democratic Republic of Congo (DRC). A year and a half ago, CAA selected Sabena technics as its exclusive maintenance partner for its Airbus A320 fleet and now extended this partnership to support newly acquired Fokker 100 aircraft. Based in Kinshasa, CAA is the first airline in Central Africa to operate Airbus A320 aircraft. To support the growth of the domestic market in DRC, the company operates a fleet of three A320 and will integrate two Fokker 100 aircraft in autumn. Sabena technics’ services to CAA include pool access with advanced standard exchange, component repair management per flying hour, APU support and continuing airworthiness management. The services have also been extended to A320 brakes support from Sabena technics’ Brussels facility.


Air Lease Corporation orders 2 additional ATR 72-600s

September 29, 2011 · 4 Views

Air Lease Corporation (ALC) has ordered 2 new ATR 72-600 regional turboprop aircraft. ALC already booked an order in 2010 for 10 ATR 72-600s, plus options for 10 additional aircraft. This latest contract is the conversion of two of these ten options. The two aircraft are valued at a list price of $45 million. Deliveries of these two ATR 72-600s to ALC will occur in the spring of 2013.


Virgin Atlantic and Lufthansa Technik commit to extend business relations

September 29, 2011 · 4 Views

Virgin Atlantic and Lufthansa Technik AG significantly extend their business relations by signing a Memorandum of Understanding covering the introduction of a new eight year contract for C-checks and CF6-80 thrust reverser services for the airline’s B747-400 fleet. These contracts are part of current comprehensive negotiations between the two companies to effectively bring together these new agreements within one new general terms agreement (GTA). The new GTA will consist of the thrust reverser services for both the Trent 500 engines of Virgin’s Airbus A340 fleet and also for the CF6-80 engines of the Boeing 747-400 fleet, plus the C-Checks for the thirteen Boeing 747-400s. The C-Checks will be performed at Lufthansa Technik Maintenance International in Frankfurt, whilst the repair and overhaul services for the thrust reversers will be carried out at the airframe related component (ARC) business unit of Lufthansa Technik in Hamburg.


ATR reports new annual sales record

September 29, 2011 · 9 Views

ATR has recorded 145 firm aircraft orders and an additional 72 options since the beginning of the year. The value of these orders is estimated at 3.2 billion dollars (4.8 billion including the options). These figures already represent a new annual record for the European manufacturer of regional turboprop aircraft (previous record; 2007: 113 firm orders and 26 options). These 145 firm orders represent over 80% of all regional aircraft sales (from 50 to 90-seats) since the beginning of the year. ATR has registered 34% of these orders with six new customers. At the same time, these 145 airplanes have enabled ATR to reach a new record for its order book, which has grown to 275 aircraft and is valued at 6.2 billion dollars. This backlog represents nearly 4 years of production. It also represents 68% of the total backlog of 50 to 90-seat regional aircraft, thereby confirming the renewed interest in turboprop technology.


MAEL signs agreement with Turkish Airlines

September 29, 2011 · 3 Views

Monarch Aircraft Engineering (MAEL) has signed a line maintenance technical handling agreement with Turkish Airlines. The agreement will see MAELs team provide support to the Turkish operators twice weekly flights into Gatwick for their Airbus A310 freighter fleet.


ICBC Leasing, CFM sign MOU for $450 million engine order

September 29, 2011 · 4 Views

ICBC Financial Leasing Co., a subsidiary of Industrial and Commercial Bank of China (ICBC), signed a Memorandum of Understanding with CFM International to purchase CFM56-5B engines to power a new fleet of 22 firm Airbus A320 family aircraft.  The firm engine order, which includes three spare engines, is potentially valued at more than $450 million U.S. at list price and the leasing company is scheduled to begin taking deliver in 2012.  All of ICBC’s new engines will be the CFM56-5B Performance Improvement Package (PIP) configuration.  The -5B PIP completed extensive ground testing and more than 26 hours of flight testing on the A320.  The engine, which will become the new production standard, is on schedule for certification and entry into service by the end of 2011.

Defined as a first trial by China State Council, ICBC Financial Leasing Co. is the first banking financial leasing company approved by the China Banking Regulatory Commission. The company is fully owned by the Industrial and Commercial Bank of China and its current asset values approximately $12 billion U.S.


Lufthansa to expand fleet with more Airbus aircraft

September 29, 2011 · 3 Views

Lufthansa’s Supervisory Board has approved the purchase of additional Airbus aircraft. The aircraft comprise two A380s, four A320s and one A330-300. These additional orders reflect the strong demand across Lufthansa’s network for an efficient family of aircraft. Nico Buchholz, Executive Vice President Lufthansa Group Fleet Management said: “I am delighted that this additional order will enable us to secure the development of our short, medium and long-haul fleets. It is the next logical step in our strategy of ongoing fleet modernisation with regard to fuel efficiency, operating costs, noise and emissions.”