Friday, November 11, 2011
AviTrader Daily Aviation News Alert
This is an overview of all articles linked within the selected daily newsletter.
Please scroll down to read the articles…
July 22, 2016 · 419 Views
It has been a difficult year so far for easyJet, the UK’s largest low-cost carrier. Having seen a significant rise in cancellations in the last three months (1,221 as opposed to 726 for Q3, 2015) as a result of air traffic control strikes, runway closures at London Gatwick Airport, the crash of EgyptAir flight MS804, all of which has seen consumer confidence hit, the airline was hit by a US$52.5m loss over the devaluation of the pound after the UK’s referendum result on Brexit.
According to easyJet CEO, Carolyn McCall while presenting a trading update for Q3 up to June 30, “The most tangible effect [of Brexit] has been the devaluation of the pound both against the dollar and euro. The swing from June 23 against us on our unhedged [currency] is £40 million. That’s just since June—in the last four weeks—so that’s quite significant.” The company also added that it is “mobilized and actively engaging with regulators” over European flying rights, confirming that should the UK not remain in the deregulated European aviation market, easyJet’s contingency plan was “well developed” where obtaining an EU air operator’s certificate was concerned.
Passenger numbers rose 5.8% at 20.2 million, absorbing a 5.5% capacity growth, so pushing its load factor up 0.3 of a point to 92%. Though passenger number had increased, total revenue fell 2.6% to £1.2 billion and revenue per seat fell 8.3% at constant currency, or 7.7% on a reported basis, to £54.54 per seat. The airline had managed to shave 3.8% off its cost per seat including fuel, driven by maintenance and navigation savings, while its ex-fuel costs remained stable.
For fourth-quarter projections, easyJet said that “Capacity is expected to grow by 6%. Cost per seat excluding fuel at constant currency is expected to decrease by 1% for the full year.”
For the rest of the year, easyJet anticipates its fuel bill will fall by £75-£85 million compared to Q1 and Q2, 2015, amounting to £160-£170 million in savings for the full year. Because exchange rates have already had a £45 million adverse impact, this is expected to increase to £80 million for the whole financial year. (GB£1.00 = US$1.31 at time of publication.)
November 9, 2011 · 75 Views
Vueling reported traffic increase of 5.9% for October 2011, while capacity increased 3.5% year over year. The company has reached a load factor of 76.8%, 1.8 points higher than last year.
November 9, 2011 · 93 Views
Caribbean Airlines took delivery in Toulouse of its first ATR 72-600 aircraft. The Port-of-Spain-based carrier, which becomes one of the very first operators of the new ‘ATR -600 series’, booked earlier this year a US$ 200 million-valued contract for the purchase of a total of 9 of these aircraft. The aircraft are configured with 68 seats and equipped with the new ATR -600s standards of comfort, including In-Flight Entertainment. With this new ATR 72-600 delivery, Caribbean Airlines will start replacing its fleet of five 50-seat Q-300s and introducing newest and most technologically advanced turboprops into its domestic routes. The airline will also add passenger capacity and develop new routes and frequencies within Trinidad and Tobago. Caribbean Airlines will also operate some of its new ATR 72-600s in the domestic route network of Air Jamaica, which was recently acquired by Trinidad and Tobago’s flag carrier.
November 9, 2011 · 54 Views
Aeroflot Russian Airlines integrated its third Sukhoi Superjet 100 aircraft (SSJ100). The aircraft performed its first scheduled flight SU713/714 on route Moscow – Nizhny Novgorod – Moscow. The Sukhoi Superjet 100 MSN 95011 was delivered to Aeroflot under contract with VEB-Leasing JSC on financial lease. The delivered aircraft is designed to carry 87 passengers in a comfortable two-class layout (12 – business class and 75 – in economy class). Aeroflot ordered 30 SSJ100 aircraft in total.
November 9, 2011 · 56 Views
Bombardier Customer Services has extended its repair capability on the inlet cowl for the Trent 700 engine to Hong Kong. Through a strategic service agreement with Hong Kong Aircraft Engineering Company Limited (HAECO), Bombardier is now offering repair capability on the Trent 700 inlet cowl in Hong Kong, in addition to its Belfast and Dallas MRO facilities. As original equipment manufacturer (OEM) of the Trent 700 inlet cowl, Bombardier has been providing a full range of maintenance support for more than 15 years in Belfast, and recently in Dallas. This Bombardier service is now available to be performed at HAECO’s component and avionics overhaul centre in Tseung Kwan O,50 km east of Hong Kong International Airport.
November 9, 2011 · 59 Views
Hong Kong Aircraft Engineering Company (“HAECO”) has entered into an ITM contract with Cathay Pacific Airways to provide Inventory Technical Management (ITM) services for the airline’s fleet of 10 new Boeing 747-8 freighters, to be delivered between 2011 and 2012. The ITM service includes inventory management, reliability management, supply chain management, technical services, and comprehensive 24/7 Aircraft-on-Ground (AOG) support, covering Boeing 747-8F peculiar components for Cathay Pacific’s Hong Kong base and its line station network.
November 9, 2011 · 58 Views
Skyworld Aviation announced that Aerodynamics (ADI) of Michigan has taken delivery of an Embraer ERJ 145 aircraft which has been placed on lease. The aircraft recently completed a long term lease with Republic Airways Holdings of the U.S., and was delivered directly to ADI on behalf of Cymus Holdings of Sweden. Serial number 145169 was originally delivered new to Skyways Sweden in 1999, and then placed on a seven year lease with Republic in 2004. The aircraft started it’s lease term with it’s new operator this week and has been re-registered as N359AD.
November 9, 2011 · 55 Views
For the third quarter ended September 30, 2011, AeroCentury reported total revenues of $6.2m compared with total revenues of $6.90m for the same period a year ago. For the nine months ended September 30, 2011, the Company reported total revenues of $17.9m compared with revenues of $24.8m for the same period a year ago. The Company reported a net loss of $243,000 for the third quarter of 2011, compared to net income of $241,000 for the third quarter of 2010 and a net loss of $2.7m for the nine months ended September 30, 2011, compared to net income of $2.7m for the same period of 2010.
November 9, 2011 · 48 Views
International Lease Finance Corporation has completed an agreement with American Airlines to purchase and leaseback 15 Boeing 737-800 Next Generation aircraft. The agreement covers certain aircraft that American had previously ordered and that have been delivered or are scheduled for delivery during 2012.
November 9, 2011 · 60 Views
Copa Holdings reported net income of US$70.3m for 3Q11, excluding special items, Copa Holdings would have reported an adjusted net income of $90.1m, a 44.3% increase over adjusted net income of US$62.5m. Operating income for 3Q11 came in at US$102.2m, a 38.2% increase over operating income of US$73.9m in 3Q10. Operating margin for the period came in at 21.4%, compared to 20.4% in 3Q10, despite a 37.9% increase in the effective price of jet fuel. Total revenues increased 31.3% to US$476.8m, outpacing a strong capacity expansion.
November 9, 2011 · 48 Views
Willis Lease Finance Corporation , a leading lessor of commercial jet engines, reported third quarter pretax profits grew 19% compared to the year ago period. Net income was $2.3m in the third quarter of 2011, compared to $3.1m in the third quarter a year ago. The current quarter’s net income was reduced by $1.3m due to the inclusion of a tax adjustment related to the accounting for the sale of engines to the recently formed JV with Mitsui. After payment of preferred dividends, net income available to common shareholders was $1.5m compared to $2.3m a year ago.
For the first nine months of 2011, net income grew 35% to $10.9m from $8.0m in the first nine months a year ago. Net income attributable to common shareholders increased 50% to $8.5m from $5.7m in the first nine months of 2010.
November 9, 2011 · 50 Views
ST Aerospace has been certified as a Part 147 Maintenance Training Organisation (MTO) by the Civil Aviation Authority of Singapore (CAAS) and European Aviation Safety Agency (EASA) to provide aircraft type training for narrow-body and wide-body aircraft. The training courses will be conducted at ST Aerospace’s dedicated technical training centre in Paya Lebar, Singapore.
November 9, 2011 · 52 Views
TIMCO Aerosystems, a unit of TIMCO Aviation Services, formally opened its new 120,000 square foot aircraft interiors manufacturing facility in Wallburg (Davidson County), North Carolina, near its Greensboro headquarters. The facility adds new capacity to TIMCO’s existing seat manufacturing operations in Pacoima, California, including assembly of its popular FeatherWeight series of seats which save airlines fuel and maintenance cost through lighter weight and fewer parts.
November 9, 2011 · 52 Views
Boeing received a $1.7bn low-rate initial production (LRIP) award from the U.S. Navy for seven additional P-8A Poseidon maritime surveillance aircraft. LRIP-II is the follow-on to an initial LRIP-I contract awarded in January to provide six Poseidon aircraft. Overall, the Navy plans to purchase 117 Boeing 737-based P-8A anti-submarine warfare, anti-surface warfare, intelligence, surveillance and reconnaissance aircraft to replace its P-3 fleet.
As part of the contract, Boeing will provide aircrew and maintenance training for the Navy beginning in 2012, in addition to logistics support, spares, support equipment and tools. The training system will include a full-motion, full-visual Operational Flight Trainer that simulates the flight crew stations, and a Weapons Tactics Trainer for the mission crew stations.
November 10, 2011 · 51 Views
Boeing workers began assembling the 1,000th 777. The airplane is a Boeing 777-300ER (extended range) model. It will be delivered to Dubai-based Emirates Airline in March 2012. Emirates is the largest 777 customer with 95 777s currently in its fleet; the 1,000th 777 will be its 102nd.Production began with loading of the 97-foot (29.5 meter) wing spar – the main support structure for the wing – into a giant tool that automatically drills, measures and installs more than 5,000 fasteners into the spar.
November 10, 2011 · 52 Views
Alaska Airlines inaugurated biofuel-powered passenger service this afternoon with two flights from Seattle to Washington, D.C., and Portland, Ore. Alaska and its sister carrier, Horizon Air, are operating 75 select flights between Seattle and the two cities over the next few weeks using a 20 percent blend of sustainable biofuel made from used cooking oil.
Alaska Air Group estimates the 20% certified biofuel blend it is using for the 75 flights will reduce greenhouse gas emissions by an estimated 10 percent—the equivalent of taking 26 cars off the road for a year. If the company powered all of its flights with a 20% biofuel blend for one year, the annual emissions savings would represent the equivalent of taking nearly 64,000 cars off the road or providing electricity to 28,000 homes.
November 10, 2011 · 54 Views
Crane Aerospace & Electronics has announced the 2012 release of a Supplemental Type Certificate (STC) for its SmartStem Wireless Tire Pressure System to be fitted on Dassault Falcon 20 and 50 business jets. Starting in 2012, STC retrofit kits for this equipment will be available exclusively through Dassault Falcon Jet Corp. SmartStem Tire Pressure Sensors are already certified for use on a variety of other business jets, and Crane is in the process of certifying SmartStem on additional business, regional, and large commercial aircraft.
SmartStem was developed by Crane Aerospace & Electronics to provide a fast and reliable method of checking tire pressure without gas loss. It is also designed to be easily retrofitted on existing aircraft. The technology provides numerous benefits including reduced maintenance costs, improved convenience, and automatic tracking of tire pressure checks – information which helps assure safety and extends tire life.
November 10, 2011 · 52 Views
Wizz Air announced that it would launch a new route and increase frequencies on several existing ones by adding a sixth Airbus A320 aircraft to its Bucharest Baneasa base as of June 2012. The new route to Verona (Italy) will be operated initially three times per week from 23 June 2012.
November 10, 2011 · 71 Views
Lufthansa Technik AG has developed a new method for significantly shortening the “Fitcheck”, and has filed a patent application for significant elements of it. The “Virtual Fitcheck” will revolutionize today’s normal practice, under which the various elements of the cabin installation have to be trial-fitted in the real aircraft in a time-consuming process. The new procedure, developed under a project due to run to 2013 (funded by the Federal Ministry of Education and Research (BMBF) and implemented through the excellence cluster for the aerospace region of Hamburg), is based on virtual three-dimensional modeling of the airframe, cabin and systems. Thus, most of the components can be designed and checked prior to the start of production so that they fit into the customer aircraft straightaway without a test fitting. Not only is the complete 3D model (“digital mock-up”) tested on the computer, but virtual reality is used during the Virtual Fitcheck as well. For this purpose the designers enter a 12m² glass cube known as the Cave Automatic Virtual Environment (CAVE). With the aid of special glasses and infrared cameras on the ceiling, the system creates a faithful three-dimensional reproduction of the cabin in which the technicians can move freely. As all the data generated is mapped faithfully on a 1:1 basis, any problem areas can be identified more easily and investigated more closely than on the workstation. All the data gained through CAVE flows automatically into production, so that inaccuracies or errors can be avoided even before the elements of the cabin are built in the workshops.
November 10, 2011 · 56 Views
Dublin based aircraft lessor, AWAS, delivered the second and third Boeing 737-800 passenger aircraft to Latin American low-cost airline, GOL. These aircraft are part of five deliveries from AWAS to GOL planned through early 2013. In March of this year, GOL and AWAS entered into a purchase and lease back agreement for five Boeing 737-800s that the carrier had previously ordered directly from the manufacturer.
November 10, 2011 · 50 Views
Air France-KLM reported that total revenues for the group amounted to €6.79bn in the 3rd quarter of 2011, versus €6.65bn at 30th September 2010, up 2.1%, despite a negative currency impact of 2.8%. The operating result stood at €397m (€576m a year ago). The adjusted operating result stood at €468m, implying a margin of 6.9%. Net interest costs were stable at €95m (€93m at 30th September 2010). Other financial outcome and costs stood at €-268m (€41m at 30th September 2010) including a currency result of €-125m and a decline in the fair value of hedging instruments of €145m. The net result stood at €14m (€290m at 30th September 2010). The net result restated for non-recurring and non-cash derivative items stood at €117m (€366m at 30th September 2010).
The group anticipates a negative operating result for the quarter October-December 2011 as well as for the 12 months through Dec. 31.
November 10, 2011 · 1 View
The JAL Group (JAL) released consolidated financial results for the period April 1 to September 30, 2011, the first half of the fiscal year ending March 31, 2012. The company has strengthened its resilience against risks in the operating environment through measures implemented in the course of its restructuring last year; namely the withdrawal of unprofitable routes, continuous review of the Group’s route network and fleet, reductions in fuel expenses and other fixed costs, as well as the introduction of a new revenue management system which collectively, increased productivity of the company. Consequently, JAL is reporting an operating profit of ¥106.1bn from ¥599.8bn in operating revenue and a net profit of ¥97.4bn for the first half of FY2011.
November 10, 2011 · 64 Views
SAS Group reported revenues of MSEK 10,616 for the third quarter of 2011 (10,776 in 2010) and income before nonrecurring items in continuing operations of MSEK 298 (384 in 2010). EBT margin before nonrecurring items in continuing operations was 2.8% (3.6% in 2010). SAS Group reported cash flow from operating activities of MSEK 232 (-470 in 2010) and income before tax of MSEK 276 (-1,027 in 2010). Net income for the period was MSEK 214 (-1,051 in 2010).
SAS Group released that while the earlier forecast for full-year 2011 stands firm, the conditions for fulfilling the forecast have deteriorated. Jet-fuel prices, additional capacity in the market, global economic developments and the uncertainty regarding Spanair result in greater challenges. Provided that no unexpected events occur, the potential remains for the SAS Group to achieve marginally positive income before tax for full-year 2011.
November 10, 2011 · 105 Views
SAS has entered into a purchase agreement with Sunrise Asset Management, an affiliate of Allegiant Air, the Las Vegas-based low cost operator, to sell 13 MD82/83/87 aircraft and an additional 12 JT8D-219 engines from SAS. Delivery of the aircraft and engines will commence immediately and is scheduled to be completed by February 2013.
This transaction is a further step in SAS’ MD80 phase-out. The aircraft type is being replaced by B737NGs and A320s prior to the delivery of the A320neo’s ordered by SAS earlier this year. Once the deliveries to Allegiant Air are completed, SAS will have sold Allegiant 45 MD80s, which is believed to be one of the largest transfers of used aircraft between two airlines ever. SkyWorks Leasing, acted as SAS’ exclusive advisor and remarketing agent.
November 10, 2011 · 53 Views
In the year ahead, the Lufthansa Group intends to give its strong presence in the capital city and the surrounding region a further boost by stationing a modern Airbus fleet there, considerably expanding its flight plan, creating several hundred new jobs in Berlin and investing more than €60m. “The opening of the new Berlin Brandenburg Airport ‘Willy Brandt’ in June next year will provide an extra impetus and new market opportunities,” commented Carsten Spohr, CEO Lufthansa German Airlines, in Berlin. “We are investing in Berlin and are determined to seize a disproportionate share of capacity growth at BER in future.”
At the moment, the Lufthansa Group and its partner airlines account for a quarter of the 21 million passengers in Berlin. To increase this share substantially, the Group is to deploy a total of 35 aircraft on routes to and from Berlin from summer next year. Lufthansa will station an Airbus fleet of 15 jets from the A320 family at BER Airport. Altogether, 23 Airbuses (A321, A320, A319) will fly Berlin routes under the Lufthansa flag. The additional capacity in Berlin means that more staff is required. Around 130 pilots and more than 200 additional flight attendants are needed solely for the Lufthansa jets stationed at the new airport, which are to be deployed in German and European point-to-point traffic.
November 10, 2011 · 56 Views
EADS reported better than expected nine-month results. In the first nine months of 2011, the order intake reached €93.9bn. EADS’ order book stood at a record level of €503bn. Revenues amounted to €32.7bn. The EBIT before one-off of around €1.1bn was mainly driven by operational improvement from Eurocopter and Airbus commercial activities as well as some favourable phasing in Airbus and in Headquarters. The reported EBIT amounted to €885m. Cash-flow generation remained strong and led to a net cash position of €11.4bn after acquisitions. Net income more than doubled to €421m (9m 2010: €198m). The improvement is driven by the net income before one-off, which increased to €565m (9m 2010: €304m) thanks to better operational earnings.