Wednesday, October 19, 2011

AviTrader Daily Aviation News Alert

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Rolls-Royce tests composite fan systems for Advance and UltraFan at John C. Stennis Space Center

September 1, 2014 · 37 Views

The Rolls-Royce composite carbon/titanium (CTi) fan system for the Advance and UltraFan engine designs has completed its most recent phase of testing at the company’s outdoor jet engine test facility at the John C. Stennis Space Center in Mississippi. The fan system undertook crosswind testing on a Trent 1000 ALPS (Advanced Low Pressure System technology) engine, ahead of flight testing on the Rolls-Royce 747 flying test bed based in Tucson, Arizona. The CTi fan system includes carbon/titanium fan blades and a composite casing that reduce weight by up to 1,500lb per aircraft, the equivalent of carrying seven more passengers at no cost. The Advance engine design will offer at least 20% less fuel burn and CO₂ emissions than the first generation of Trent engine and could be ready for entry into service from 2020. UltraFan a geared design with a variable pitch fan system, is based on technology that could be ready for service from 2025 and will offer at least 25% per cent less fuel and CO₂ emissions against the same baseline.


Air France-KLM selects GEnx engines for Boeing 787 fleet

March 25, 2014 · 43 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 · 38 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 · 33 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 · 26 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 · 21 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 · 21 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 · 18 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 · 14 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.


Doric’s aircraft portfolio grows to 25 aircraft valued at $3.8 billion

October 17, 2011 · 2 Views

Doric Asset Finance reportec the addition of a 10th Airbus A380 aircraft to its aircraft portfolio under management. Doric Nimrod Air Two Limited (“DNA2”) took delivery of MSN 077 at the Airbus delivery centre in Hamburg. The aircraft is leased to Emirates for a period of 12 years. The Airbus A380 was purchased for US$ 234 million, of which about US$ 151 million was financed through a 12-year fully amortising senior loan. DNA2 was listed on 14th July 2011 on both the London Stock Exchange (“LSE”) and the Channel Island Stock Exchange (“CISX”). The company’s sole objective is to own and lease three Airbus A380 aircraft to Emirates.


Brussels Airlines selects Lufthansa Technik Malta for Airbus A330 base maintenance

October 17, 2011 · 3 Views

Brussels Airlines and Lufthansa Technik Malta have signed a base maintenance contract for the Airbus A330 fleet of the carrier. Lufthansa Technik Malta will provide C-Checks for the five A330s of Brussels Airlines starting from now on. Additionally Lufthansa Technik Malta has been selected to do a full cabin retrofit of the aircraft starting in February 2012.


CPI Aerostructures announces $2.3 million agreement with Sikorsky Aircraft

October 17, 2011 · 3 Views

CPI Aerostructures has received a schedule agreement from Sikorsky Aircraft valued at up to approximately $2.3 million to manufacture gunner window assemblies for the BLACK HAWK helicopter. This new agreement is a follow-on to the $2 million agreement announced in late 2010. The windows are of two-piece construction located just behind the pilot seat on each side of the aircraft. They slide open for use by the machine gun operator. Deliveries are expected to commence in the first half of 2012 and end in early 2013.


Virgin Australia inaugurates ATR 72-500 services

October 17, 2011 · 3 Views

Virgin Australia launched commercial services with the first of its new ATR 72-500 turboprop airliners. The inaugural flight of Virgin Australia’s first turboprop – and Australia’s first ATR 72 – was also the airline’s first flight from Brisbane to the regional industrial city of Gladstone. Perth-based Skywest will operate the new ATR services on behalf of Virgin Australia, with a fleet of eight 68-seat ATR 72 aircraft. The airline has orders for four of the series 500 model – three of which have now been delivered – and four of the next-generation series 600 model. Skywest also has options to acquire another five ATR 72-600s, all of which it will operate for Virgin.


EMBRAER delivers 28 commercial and 18 executive jets in 3Q11

October 17, 2011 · 3 Views

Embraer closed the third quarter of 2011 (3Q11) having delivered 28 commercial and 18 executive jets. The firm order backlog totaled 16 billion. In the months of July, August and September, Embraer closed the sales of 17 E-Jets: two EMBRAER 190s to GECAS and another ten to Kenya Airways, as announced in June during the Paris Air Show, as well as five EMBRAER 195s to Lufthansa, in Germany. China Southern Airlines became the newest E-Jets operator and also received the commemorative 800th delivery, belonging to China’s CDB Leasing which ordered a total of  20 jets. In early October, Embraer announced the sale of six more EMBRAER 190s to GECAS, which will be added to the Company’s backlog in the fourth quarter of 2011. With this order, the U.S. leasing company will have a portfolio of 101 E-Jets.
The executive aviation unit delivered eight Phenom 100 and nine Phenom 300 jets in 3Q11, for a total of 17 light jets, as well as one Legacy jet. During the quarter, the Company showed a positive net balance in its orders. The highlight was the signing of a Memorandum of Understanding with China’s Minsheng Financial Leasing for the sale of up to 20 airplanes from the entire line of Embraer Executive Jets. At the beginning of October, Misheng sealed an agreement for the purchase of 13 Legacy 650 jets, which will be added to Embraer’s backlog in the fourth quarter of 2011. 

Airbus signs new deal with Messier-Bugatti-Dowty

October 17, 2011 · 7 Views

Messier-Bugatti-Dowty was chosen once again by Airbus to supply the nose and main landing gear for the A320 family, including the A320neo family. The European aircraft manufacturer currently accounts for 60% of Messier-Bugatti-Dowty’s landing gear activity as it supplies landing gear to the entire Airbus single aisle program as well as A330, A340 and A380 nose landing gears and A350-800/900 main landing gears.


Simon Caldecott new President and CEO of Piper Aircraft

October 17, 2011 · 2 Views

Simon Caldecott has been appointed the new interim President and CEO of Piper Aircraft, Inc., effective immediately. Caldecott joined Piper in 2009 and is the former Vice President of Operations responsible for Manufacturing Operations, Manufacturing Engineering, Quality and Supply Chain. Caldecott replaces Geoff Berger, who joined as the previous interim CEO in mid-2010. Former Executive Vice President Randy Groom has left the company.


TAP M&E Brazil certified to perform maintenance on FAB’s F-5 fighters

October 18, 2011

TAP Maintenance and Engineering Brazil (TAP M&E Brazil) was certified by the Diretoria de Material Aeronáutico e Bélico – DIRMAB, the head of the Brazilian Air Force Logistics System, to perform periodical inspections on the Brazilian Air Force (FAB) F-5E/FM aircraft. The FAB is using this aircraft since 1974, and due to its quality and advanced performance platform, the Brazilian fleet was recently modernized in avionics and weapons systems, receiving the most up-to-date embedded technology.


Ramco Systems wins order from T’way Airlines, South Korea

October 18, 2011 · 2 Views

Ramco Systems, the Global Aviation Maintenance & Engineering (M&E) and Maintenance, Repair & Overhaul (MRO) software provider, announced its agreement with T’way Airlines for Ramco’s Series 5 Aviation M&E software. Under the agreement, Ramco will deliver the complete web based Series 5 M&E system, including Maintenance Programs, Supply Chain Management, Maintenance Execution for Line, Shop and Heavy operations and Reliability.

T’way Airlines is the first official low-cost start up airline based in Seoul, South Korea, offering scheduled flights between Seoul Gimpo Airport and Jeju International Airport, operating an all Boeing 737-800 fleet. The airline was established in 2004 as Hansung Airlines and was renamed T’way Airlines in August 2010.


Air Lease Corporation reports additional acquisitions and lease placements

October 18, 2011

Air Lease Corporation reported continuing lease placements and acquisitions of 12 additional aircraft. 

ALC has concluded the following lease placements from its order book:
- one new Airbus A330-300 leased to Asiana Airlines (Korea).
- two new Boeing 737-800s (MSNs 41299 and 41300) leased to Korean Airlines
- two new Embraer 190 LRs leased to Aeromexico.
- One Boeing 737-800 (MSN 37772) leased to Air Berlin 

ALC has additionally acquired the following aircraft: 
- two Airbus A320-200s (MSNs 4681 and 3203) leased to Vueling (Spain)
- one Airbus A330-200 (MSN 1016) leased to Avianca (Colombia)
- one Airbus A330-200 (MSN 456) leased to Thomas Cook (United Kingdom)
- one Boeing 737-800 (MSN 33027) leased to Gol Airlines (Brazil)
- one Boeing 737-700 (MSN 30279) leased to Southwest Airlines


Pierre-Henri Gourgeon resigns as CEO of Air France and Air France-KLM

October 18, 2011

Pierre-Henri Gourgeon has resigned from his duties as Chief Executive Officer of Air France and Air France-KLM.  Alexandre de Juniac has been appointed as his successor. The appointment will be subject to the approval of the Board of Directors of Air France and will become effective after the opinion of the ethics committee.


A350 XWB’s Trent engine rolls-out for initial flight tests

October 18, 2011 · 2 Views

Airbus has completed installation of the first Rolls-Royce Trent XWB flight-test engine on the A380 “flying-testbed” aircraft (MSN 001). The aircraft and engine will now be prepared for the flight-test campaign commencing in the coming weeks. The Trent XWB engine, which is the largest Rolls-Royce turbofan with a 118-inch diameter fan, has been specially designed to power all members of the new Airbus A350 XWB Family with maximum efficiency.


CIRCOR Aerospace to supply actuation packages for Messier-Bugatti-Dowty

October 18, 2011 · 3 Views

The CIRCOR Aerospace Products Group has been selected by Messier-Bugatti-Dowty (Safran Group) to manufacture a complete suite of 20 actuators for multiple business and regional aircraft platforms. CIRCOR Aerospace will perform the manufacturing, final assembly and testing of these actuators at its Corona, California facilities.  CIRCOR Aerospace was previously awarded several design and development and legacy program contracts for landing gear actuators by Messier-Bugatti-Dowty.


Peter Somers appointed as President Fokker Services

October 18, 2011 · 4 Views

Peter Somers will succeed Roland van Dijk, with effect from 1 November 2011, as President Fokker Services and will form part of the Executive Board. Peter Somers is a senior airline executive with a proven track record at Air France-KLM, who together with his management team, will lead Fokker Services further with the aim of achieving success and profitability of the defined key growth areas. Roland van Dijk will be appointed with effect from 1 November 2011 as Vice President Strategy & Solutions of Fokker Technologies.


FLY Leasing closes acquisition of 49 aircraft

October 18, 2011

FLY Leasing completed the acquisition of a $1.4 billion portfolio of 49 aircraft. These 49 aircraft increase FLY’s fleet to a total of 109 aircraft on lease to 53 airlines in 29 countries. The purchase price was fully funded from FLY’s existing unrestricted cash and the assumption of existing non-recourse debt. The portfolio consists of 23 Airbus A320 family aircraft, 3 Airbus A340, 6 Boeing 717 and 17 Boeing 737 aircraft.