Friday, November 11, 2011

AviTrader Daily Aviation News Alert

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Rolls-Royce and Hispano-Suiza (Safran) sign final agreement to create joint venture

October 24, 2014 · 33 Views

Back on July 4th 2014 a memorandum of Understanding (MoU) was signed between Rolls-Royce and Hispano-Suiza (Safran). Today, the 24th October 2014, it has been announced that Hélène Moreau-Leroy, Chairman and CEO of Hispano-Suiza and Norbert Arndt, Rolls-Royce Executive Vice President, Structures and Transmissions, have signed a final agreement for the creation of a jointly-owned company that will be involved with the design, development, production and support of accessory drive transmissions (ADTs) for all future Rolls-Royce civil aircraft engines. Providing approval of this agreement is obtained from the appropriate regulatory authorities, the joint venture should commence operations early in 2015.
The design and production of accessory drive transmissions by Hispano-Suiza, together with engine design and propulsion systems integrated by Rolls-Royce, will come about through the new company’s ability to capitalize on the combined expertise and experience of the two original companies. The new company intends to cover the complete range of civil aircraft, to include anything from business jets to widebody commercial jet liners. Having won the engine contract with the Trent 7000 in July this year, the new business will contribute to Airbus’ new A330neo.
This new company will operate from three locations, with the business headquarters being based at Hispano-Suiza’s premises in Colombes on the outskirts of Paris, as well as using Rolls-Royce premises in both Derby in the UK and Dahlewitz in Germany. Though the location has yet to be confirmed, the new business will begin to establish a production plant ready for operation in late 2016 / early 2017. It is expected the new company will have an initial staffing level of approximately 180 employees which will include existing staff from both original businesses.
According to Arnd, “With each parent company contributing its world-class skills to this joint venture, we have taken a major step forward in performance…… Our aim is to meet the requirements of our customers, both aircraft-makers and airlines, by giving them outstanding, cost-competitive products.” As far as Moreau-Leroy was concerned. “For both Rolls-Royce and Hispano-Suiza, the creation of this joint venture marks a major step towards the consolidation of our historical relationship within a long-term partnership, and enables us to stake out a position on new aircraft programs. It will also provide exciting new opportunities for our employees.”


Air France-KLM selects GEnx engines for Boeing 787 fleet

March 25, 2014 · 63 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 · 47 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 · 48 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 · 40 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 · 35 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 · 37 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 · 22 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 · 18 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.


Vueling reports traffic increase of 6% for October

November 9, 2011 · 2 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.


Caribbean Airlines takes delivery of first ATR 72-600

November 9, 2011 · 3 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.


Aeroflot integrates third Sukhoi Superjet 100 aircraft

November 9, 2011 · 3 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.


Bombardier extends inlet cowl repair capability to Hong Kong

November 9, 2011 · 3 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.


HAECO signs ITM service contract with Cathay Pacific for Boeing 747-8 Freighters

November 9, 2011 · 3 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.


Skyworld Aviation places ERJ 145 with Aerodynamics

November 9, 2011 · 3 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.


AeroCentury reports third quarter 2011 results

November 9, 2011

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.


ILFC secures sale-leaseback deal with American Airlines

November 9, 2011 · 3 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.


Copa Holdings reports net income of US$70.3m

November 9, 2011 · 3 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.


Willis Lease Finance reports nine month net income up 50%

November 9, 2011 · 2 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.


ST Aerospace receives CAAS and EASA Part 147 Maintenance Training Organisation approvals

November 9, 2011 · 1 View

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.


TIMCO formally opens new interiors manufacturing facility in North Carolina

November 9, 2011 · 5 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.


Boeing receives $1.7bn for 7 more US Navy P-8A Poseidon aircraft

November 9, 2011 · 4 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.


Boeing begins work on 1,000th 777

November 10, 2011 · 4 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.


Alaska Airlines’ biofuel-powered service takes to the skies

November 10, 2011 · 2 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.


SmartStem Wireless Tire Pressure System to be certified for Dassault Falcon 20 and 50

November 10, 2011 · 3 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.


Wizz Air adds 6th aircraft to Bucharest base

November 10, 2011 · 3 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.


Lufthansa Technik develops virtual fitting technology for aircraft

November 10, 2011 · 4 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.


AWAS delivers second and third of five 737-800s to GOL

November 10, 2011 · 4 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.


Air France-KLM posts 3rd quarter profit slide

November 10, 2011 · 1 View

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.


JAL Group achieved consolidated net profit of ¥97.4bn

November 10, 2011

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.


SAS Group posts third quarter profit

November 10, 2011 · 3 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.


SAS to sell 13 MD80 aircraft and 12 JT8D-219 engines

November 10, 2011 · 9 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.


Lufthansa is growing in Berlin

November 10, 2011 · 3 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.


EADS reports better than expected results

November 10, 2011 · 3 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.