Friday, September 30, 2011
AviTrader Daily Aviation News Alert
This is an overview of all articles linked within the selected daily newsletter.
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January 30, 2015 · 82 Views
On March 8th 2014, Malaysian Airlines flight MH370, a Boeing 777 carrying 239 passengers and crew, disappeared without trace, though believed to have been somewhere over the Indian Ocean. In a pre-recorded statement aired on national TV on Wednesday this week, the Department of Civil Aviation (DCA) Director-General Azharuddin Abdul Rahman announced that it was “with the heaviest heart and deepest sorrow that we officially declare Malaysia Airlines Flight MH370 an accident.” He continued, “All 239 of the passengers and crew on board MH370 are presumed to have lost their lives.”
Relations between the Malaysian airline and the victims’ families, the majority if which are Chinese, are strained and the fact that none of them were informed in advance of this statement being made caused a certain degree of offense. Many are also upset that the Malaysian Government has decided the fate of their family members despite a lack of any evidence as to what happened.
There is also a potential standoff lurking regarding compensation. The announcement by Rahman has now paved the way for compensation claims to be processed and China’s Foreign Ministry have already urged the airline to sort out payments to passengers’ families. “We call on the Malaysian side to honour the promise made when they declared the flight to have been lost and earnestly fulfil their compensation responsibilities,” Hua Chunying added in an official statement. However, many of the relatives have opted not to sign any documentation instigating compensation as they fear that in doing so, the search for flight MH370 will cease. Malaysian Transport Minister Liow Tiong Lai has been quick to say that the governments of Malaysia, China and Australia are still firmly committed to the continued search.
There are currently four vessels searching the seafloor with state-of-the-art sonar technology in a remote section of the Indian Ocean where the flight is believed to have come down. Analysis of satellite and aircraft performance data hints at the plane lying in seas far to the west of the Australian city Perth. The DCA is aiming to release an interim report regarding the crash investigation on March 7th.
December 2, 2014 · 186 Views
On the 7th January 2013 a fire was reported on board a Boeing 787 Dreamliner while parked at Boston’s airport in the USA. The fire was put down to a problem with one of the plane’s lithium-ion batteries. A week later an All Nippon Airways 787 Dreamliner had to make an emergency landing after smoke was discovered inside the plane which was subsequently traced back to another lithium-ion battery. As a consequence of this incident, all 787 Dreamliners were grounded until April of that year until further acceptable testing and improvements were carried out to the battery system on board the plane. The battery itself was manufactured by GS Yuasa and comprised eight individual cells making up a combined weight of 63lbs.
Nearly two years later and the results of the investigation into the first incident have concluded that the lithium-ion battery installed in the plane should not have received certification by the FAA. The National Transport Safety Board (NTSB) were also critical of Boeing who they believed had erroneously ruled out the chances of thermal runaway in its assessment of the battery’s safety. Boeing’s battery tests to obtain original certification included crushing battery cells, driving nails through them and deliberately introducing short circuits to cause failure. Boeing found “nothing adverse happened” while these tests were carried out, and so deemed the battery’s box and internal protection to be of an acceptable standard. Boeing stated that it had followed the certification process set out by the FAA. It would seem that while the cause of the fire has been clearly identified, responsibility for its occurrence has not been accepted in full by anyone.
November 5, 2014 · 148 Views
Back in February this year, Rolls-Royce, the FTSE-100 engine maker, lost over £3bn of its value after shocking the market with its first profits warning in a decade. To announce a second one this October has created considerable concern and Rolls-Royce has decided that over the next 18 months they need to reduce costs by up to £80m a year by axing 2,600 jobs, the majority of which will be in the aerospace sector in Britain and the United States. The focus is on Rolls-Royce’s key Trent engines as they move from the development to the production phase, which consequently requires fewer engineers.
Back in February John Rishton, Rolls-Royce group’s Chief Executive, had admitted that the future was “bumpier than I had expected”, while blaming the current problems on deteriorating economic conditions and a tit-for-tat trade war between the EU and Russia over the Ukrainian crisis which had affected its nuclear and energy business as well as its power-systems unit. This week Rishton has had to admit that “We are taking determined management action and accelerating our progress on cost. The measures announced today will not be the last; however they will contribute towards Rolls-Royce becoming a stronger and more profitable company.”
Another consequence of the situation is the unexpected departure of Finance Director, Mark Morris, leaving the company after 27 year without any explanation. He will be replaced by David Smith, who is being promoted from Finance Director of the Rolls-Royce Aerospace division. This second profit warning saw share value fall 11% to 832p, wiping a further £2bn off the company’s value. However, news of the redundancies was well received by investors and the share price rallied by 2%, currently standing at 832p. This is clear confirmation of comments made by Espirito Santo’s analyst, Ed Stacey, who indicated that investors would be expecting a clear message from the new Finance Director and tight control on all finances.
March 25, 2014 · 103 Views
Air France-KLM selected the GEnx-1B engine to power its 25 Boeing 787 Dreamliners and 12 leased 787 aircraft. The total engine order is valued at more than $1.7bn. Air France-KLM and GE Aviation have also signed an agreement that will allow Air France-KLM to offer maintenance, repair and overhaul (MRO) services for the GEnx-1B engine. Under this agreement, Air France-KLM will be licensed to perform maintenance and overhaul work on the GEnx-1B engine and GE will provide technical support and assistance on overhaul workscoping and component repair licenses, comprehensive material support and training.
March 7, 2014 · 70 Views
International Lease Finance Corporation (ILFC) has closed a new senior secured term loan of $1.5 billion. The loan will bear interest at LIBOR plus 275 basis points with a 0.75% LIBOR floor, is priced at 99.5% of par value, and will mature in 2021. The collateral used to support the transaction has an initial weighted average age of 9.1 years. It will be secured primarily by a first priority-perfected lien on the equity of certain of ILFC’s subsidiaries, which directly or indirectly own a pool of aircraft and related leases. ILFC plans to use the proceeds for general corporate purposes, including purchasing aircraft and supporting the company’s liquidity cushion.
February 26, 2014 · 71 Views
In 2013, Airbus achieved a new industry record of 1,619 gross commercial orders (FY 2012: 914 gross orders) with net orders of 1,503 aircraft (FY 2012: 833 net orders), excluding ATR. Gross orders comprised 1,253 A320 Family aircraft, 77 A330s, 239 A350 XWBs and 50 A380s. Fourth-quarter orders included Emirates Airline’s agreement for 50 A380s and Etihad Airways’ order for 50 A350 XWBs, 36 A320neos and one A330-200F. Airbus Military (now part of Airbus Defence and Space) received 17 net orders (FY 2012: 32 net orders). Airbus’ net order intake increased sharply to €202.3bn (FY 2012: €88.9bn). At the end of 2013, Airbus’ consolidated order book was valued at €647.4bn (year-end 2012: €525.5bn). The Airbus Commercial backlog was worth €627.1bn (year-end 2012: €505.3bn), comprising 5,559 Airbus aircraft (year-end 2012: 4,682 units) and representing over eight years of production. Airbus Military’s order book was worth €20.8bn (year-end 2012: €21.1bn). Airbus series aircraft deliveries increased to 626 aircraft (FY 2012: 588 aircraft, including three A330s without revenue recognition). Airbus Military delivered 31 aircraft (FY 2012: 29 aircraft). Airbus’ consolidated revenues increased seven percent to €42,012m (FY 2012: €39,273m), reflecting higher commercial and military aircraft deliveries. The Division’s consolidated EBIT rose to €1,710m (FY 2012: €1,252m). Airbus Commercial’s revenues rose to €39,889m (FY 2012: €37,624m). The Airbus Commercial reported EBIT was €1,595m (FY 2012: €1,147m) with the EBIT before one-off at €2,216m (FY 2012: €1,669m). Airbus Commercial’s EBIT before one-off benefitted from the improved operational performance, including favourable volume, some better pricing and an improvement in A380 losses. It also included higher A350 XWB programme support costs. Revenues at Airbus Military rose to €2,893m (FY 2012: €2,131m), driven by the A400M ramp-up and higher volumes from both light and medium transport planes and tankers. The EBIT at Airbus Military was €166m (FY 2012: €93m).
January 29, 2014 · 66 Views
Boeing Commercial Airplanes fourth-quarter revenue increased to $14.7bn and full-year revenue increased to a record $53bn on higher delivery volume. Fourth-quarter operating margin improved to 10.3% and full-year operating margin grew to 10.9% on the higher volume, favorable delivery mix and continued strong operating performance. During the quarter, the company launched the 777X with 259 orders and commitments. During the year, the 787 program completed first flight of the 787-9, successfully launched the 787-10 and began operating at a 10 per month production rate in final assembly. The 737 program delivered at a record production rate of 38 per month and has won nearly 1,800 firm orders for the 737 MAX since launch. In 2013, a record 648 commercial aircraft were delivered. In January 2014, the company reached an eight-year contract extension through 2024 with the International Association of Machinists & Aerospace Workers District 751 (IAM). Commercial Airplanes booked 465 net orders during the quarter and 1,355 during the year. Backlog remains strong with 5,080 airplanes valued at a record $374 billion.
January 9, 2014 · 61 Views
The A350 XWB development aircraft, MSN3, is in Bolivia where it will perform a series of tests at the high altitude airfields of Cochabamba and La Paz. Cochabamba is around 8,300 feet above sea level, and La Paz is one of the world’s highest airports at 13,300 feet. Operations at such high altitude airfields are particularly demanding on aircraft engines, Auxiliary Power Unit (APU) and systems. The aim of these trials is to demonstrate and validate the full functionality of engines, systems, materials as well as to assess the overall aircraft behaviour under these extreme conditions. A number of take-offs with all engines operating and with simulated engine failures are being performed at each of the airfields to collect data on engine operating characteristics and validate the aircraft take-off performance. The autopilot behaviour will also be evaluated during automatic landings and go-arounds. Since the A350 XWB’s first flight with MSN1 on June 14th 2013, over 800 flight test hours have been performed in close to 200 test flights by both MSN1 and MSN3. In total the A350 XWB flight test campaign will accumulate around 2,500 flight hours with the fleet of five aircraft. The rigorous flight testing will lead to the certification of the A350-900 by the European EASA and US FAA airworthiness authorities, prior to entry into service in Q4 2014.
July 5, 2013 · 60 Views
Firefly, Malaysia Airlines’ subsidiary carrier has taken ownership of its first brand-new ATR 72-600. The aircraft is the first of 20 latest generation firm ATRs, plus 16 options, ordered by Malaysia Airlines in December 2012. Firefly currently operates 12 ATR 72-500s, and with the arrival of the new ATR 72-600s will almost triple its exclusively ATR 72 aircraft fleet, taking the total to over 30 aircraft.
June 26, 2013 · 35 Views
Certification testing is underway on the first Passport development engine at GE Aviation’s Peebles Testing Operation in Ohio. The engine began ground testing on June 24th and ran for more than three hours, reaching more than 18,000 lbs. of standard day sea-level takeoff thrust. Eight Passport engines and one core will be involved in the engine certification program. Flight testing on GE’s flying testbed is scheduled for 2014. Engine certification is expected in 2015. The Passport engine certification program follows three years of validation testing. GE Aviation has conducted validation tests on the fan blisk design, including two fan blade-out rig tests, ingestion tests and a fan aero rig test to demonstrate fan efficiency. Testing is complete on the third eCore demonstrator, and GE has accumulated more than 300 hours of testing on eCore demonstrators to date.
May 22, 2013 · 48 Views
Rolls-Royce has won an order from US leasing company CIT Aerospace for Trent XWB engines, to power ten Airbus A350 XWB aircraft and Trent 700 engines to power 13 Airbus A330 aircraft. The Trent XWB engines will power ten CIT A350 aircraft that were announced in January 2013 which were in addition to five A350 XWB aircraft already on order. The Trent XWB, specifically designed for the Airbus A350, is the fastest selling Trent engine ever, with more than 1,200 already sold. The engine variant that will power the A350-800 and -900 was awarded European Aviation Safety Agency (EASA) type certification in February. The engine will power the first flight of the Airbus A350 XWB this year and the aircraft’s first in-service flight in 2014.
September 28, 2011 · 15 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%.
September 28, 2011 · 23 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.
September 28, 2011 · 18 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.
September 28, 2011 · 7 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.
September 28, 2011 · 11 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.
September 28, 2011 · 9 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.
September 28, 2011 · 16 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.
September 29, 2011 · 8 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.
September 28, 2011 · 9 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.
September 28, 2011 · 12 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.
September 28, 2011 · 16 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.
September 28, 2011 · 11 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.
September 28, 2011 · 10 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.
September 29, 2011 · 23 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.
September 29, 2011 · 15 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.
September 29, 2011 · 6 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.
September 29, 2011 · 7 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.
September 29, 2011 · 6 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.
September 29, 2011 · 8 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.
September 29, 2011 · 8 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.
September 29, 2011 · 2 Views
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.
September 29, 2011 · 6 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.
September 29, 2011 · 7 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.
September 29, 2011 · 11 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.
September 29, 2011 · 6 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.
September 29, 2011 · 7 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.
September 29, 2011 · 5 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.”