Saturday, March 24, 2012

AviTrader Daily Aviation News Alert

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Standex signs agreement to acquire Enginetics

August 20, 2014 · 37 Views

Standex International has entered into an exclusive agreement to acquire Ohio-based Enginetics Corporation, a leading producer of aircraft engine components for all major aircraft platforms. The completion of the transaction is subject to customary closing conditions and is anticipated to close on or before September 11th, 2014. Enginetics had revenue of approximately $30m in the trailing 12 months. This acquisition is expected to be accretive to earnings in the range of $0.03 to $0.05 excluding the impact of purchase accounting related to inventory and long term backlog in the remainder of Fiscal 2015 and $0.07 to $0.09 in the full year Fiscal 2016 excluding the impact of long term backlog. “This acquisition supports our corporate strategy to position our businesses for faster growth,” said Standex CEO David Dunbar. “Enginetics will further solidify Standex’s expansion into the steadily growing aviation market for high-efficiency engines. Enginetics’ hydroforming, press forming and stretch forming processes generate products that are highly complementary to our current offerings, and will enable deeper market penetration in aviation for our Engineering Technologies Group.”


Air France-KLM selects GEnx engines for Boeing 787 fleet

March 25, 2014 · 37 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 · 32 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 · 29 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 · 22 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 · 18 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 · 19 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 · 17 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 · 12 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.


AVIAHELP extends helicopter spares range for Russian MI-8/MI-17 helicopters

March 22, 2012 · 2 Views

Sharjah, U.A.E. based AVIAHELP offers Middle East helicopter operators the opportunity to purchase authentic spares for Russian MI-8/MI-17 helicopters. AVIAHELP extended its helicopter spares range with transmission components and parts for instrumentation and anti-icing systems. AVIAHELP ASIA maintains close long-term business contacts with Russian helicopter original equipment manufacturers. Highly-skilled staff offers helicopter operators current spare part stocks in demand in SAIF-Zone (Sharjah Airport International Free Zone), with the possibility of urgent delivery from Russia. AVIAHELP has got almost 15-years of experience in aircraft and helicopter spare parts supply.


AWAS appoints Chris Monks Vice President Powerplant

March 22, 2012 · 5 Views

Dublin based aircraft lessor AWAS, has appointed Chris Monks Vice President Powerplant as part of the Technical & Asset Management team. Mr. Monks had previously held the title of Powerplant Director at AWAS, having joined the company in November 2010 from Ryanair where he was Power Plant Manager, responsible for the Ryanair fleet of engines.


GA Telesis expands into defense & government support businesses

March 22, 2012 · 4 Views

GA Telesis announced that in conjunction with its current operations, that provide maintenance services for defense and government customers, it has expanded its service offerings to include component support solutions for defense and government applications. The new operation will have its principal headquarters in Ft. Lauderdale, Florida. “We are now able to provide our military and government customers a dependable choice for a significant amount of their component solutions and maintenance needs,” stated Abdol Moabery, Chief Executive Officer of GA Telesis. “Our track record reflects our ability to quickly integrate into this sector, but we will also initiate a mergers and acquisitions strategy to enable us to make the greatest possible impact.” he added.


STS Component Solutions opens UK office

March 22, 2012 · 2 Views

STS Component Solutions reported the establishment of a new office in the UK. This new office will support its growing global customer base and strategic growth plans in Europe, Africa and the Middle East. David Ikeda will head up this new hub for these geographical markets as the Director of Business Development for Europe, Africa and the Middle East.


Flying Colours completes first Blackhawk modification on King Air C90

March 22, 2012 · 4 Views

Flying Colours, a leading global aviation service company specialising in aircraft completions, maintenance and refurbishments, has completed and delivered its first turboprop Blackhawk modification, following the signing of a service agreement with Blackhawk Modifications at the NBAA 2011 conference.


Lufthansa Technik Group report revenue increase for 2011

March 22, 2012 · 3 Views

Lufthansa Technik Group, one of the world’s leading providers of technical services for aircraft, ended fiscal 2011 with a slight increase in revenue despite a difficult market. Revenue grew by 1.9% to €4.1bn. In spite of continued pressure on costs, the company’s result fell only slightly below the good result of the previous year. The annual report of the 21 consolidated Lufthansa Technik Group companies shows an operating result of €257m. “Considering the tense economic situation of many airlines, the revenue decline in some markets, and the negative effect on growth in customer business brought about by the valuation of the dollar, Lufthansa Technik maintained its course well in 2011,” said August Wilhelm Henningsen, CEO of Lufthansa Technik AG.


Change at the helm of MTU Maintenance Hannover in Langenhagen

March 22, 2012 · 3 Views

Langenhagen-based MTU Maintenance Hannover will have a new man at the helm: Holger Sindemann has been appointed its Managing Director & Senior Vice President, effective May 1. Sindemann takes over from Dr. Martin Funk, who has led the largest of MTU Maintenance’s companies for almost three years and will now be pursuing new challenges. Since July 2008, Holger Sindemann has been the chief executive of MTU Maintenance Zhuhai, a joint venture with Chinese carrier China Southern Airlines.


Boeing, Airbus and Embraer to collaborate on aviation biofuel commercialization

March 22, 2012 · 2 Views

Boeing, Airbus and Embraer signed a memorandum of understanding to work together on the development of drop-in, affordable aviation biofuels. The three leading airframe manufacturers agreed to seek collaborative opportunities to speak in unity to government, biofuel producers and other key stakeholders to support, promote and accelerate the availability of sustainable new jet fuel sources. Boeing Commercial Airplanes President and CEO Jim Albaugh, Airbus President and CEO Tom Enders, and Embraer Commercial Aviation President Paulo Cesar Silva, signed the agreement at the Air Transport Action Group (ATAG) Aviation and Environment Summit in Geneva.

“There are times to compete and there are times to cooperate,” said Jim Albaugh. “Two of the biggest threats to our industry are the price of oil and the impact of commercial air travel on our environment. By working with Airbus and Embraer on sustainable biofuels, we can accelerate their availability and reduce our industry’s impacts on the planet we share.”

“We’ve achieved a lot in the last ten years in reducing our industry’s CO2 footprint – a 45% traffic growth with only 3% more fuel consumption,” said Tom Enders. “The production and use of sustainable quantities of aviation biofuels is key to meeting our industry’s ambitious CO2 reduction targets and we are helping to do this through Research and Technology our expanding network of worldwide value chains and supporting the EU commission towards its target of 4% of biofuel for aviation by 2020.”

“We are all committed to take a leading role in the development of technology programs that will facilitate aviation biofuels development and actual application faster than if we were doing it independently,” said Paulo Cesar Silva. “Few people know that Brazil’s well known automotive biofuels program started within our aeronautical research community, back in the seventies, and we will keep on making history.”


Rodolphe Marchais appointed Chairman and CEO of Sabena technics

March 23, 2012 · 4 Views

The Sabena technics board of directors appointed Rodolphe Marchais Chairman of the Board and Chief Executive Officer. Following his appointment, Rodolphe Marchais named Jean-Luc Fournel Chief Operating Officer Customers, Philippe Rochet Chief Operating Officer Production, and Stéphane Burton Chief Operating Officer Supply Chain & Support. At the General meeting of Sabena technics’ shareholders, TAT Group has decided to change the by-laws governing its subsidiary. By this decision, Sabena technics is transformed from a limited liability company with executive and supervisory boards (société à directoire et conseil de surveillance) into a limited liability company with board of directors (société anonyme à conseil d’administration).


El Al posts net loss of $49.4m in 2011

March 23, 2012 · 2 Views

El Al Israel Airlines presented the financial reports for the 2011 financial year and for the fourth quarter of 2011. Revenues for the year totaled $2,043.2m compared to $1,972.2m last year, an increase of about 4%. Revenues from cargo operations increased by about 8%, as a result of the increased freight carried and the revenue per ton-kilometer. Operating expenses in 2011 totaled $1,764.9m, compared to $1,584.6m last year, an increase of about 11%. Gross profits for this year totaled $278.3m (a ratio of about 13.6% on turnover), compared to $387.7m last year (a ratio of about 19.7% on turnover). Net loss for 2011 totaled $49.4m, compared to profits of about $57m in 2010. Cash flow from regular activities for the year ending 31st December 2011 totaled $61.9m, compared to a cash flow from regular activities of $203.3m in 2010.

Revenues for the 4th quarter of 2011 totaled $485.4m, an increase of about 1%, compared to the 4th quarter of last year. Net revenues from passengers increased by about 1.5%, while cargo revenues dropped because as of June 2011, only one cargo aircraft was in operation. Operating expenses totaled $402.4m (a ratio of about 82.9% on turnover) compared to $393.8m in the parallel quarter of 2010 (a ratio of about 81.9% on turnover) – an increase of about 2.2%. This was largely the result of increased expenditure on aviation fuel, because of the increase in market prices compared to in the parallel period last year. Gross profits totaled $83.0m, (a ratio of about 17.1% on turnover), compared to $87.2m in the parallel quarter last year (a ratio of 18.1% on turnover). Losses for the quarter totaled $7.8m, compared to profits of $16.3m in the parallel quarter last year.


Atlantic Airways takes delivery of new Airbus A319

March 23, 2012 · 4 Views

Atlantic Airways, the national carrier of the Faroe Islands has taken delivery of its Airbus A319 as part of its plan to increase its capacity, becoming Airbus’ newest operator, equipped with CFM engines. The aircraft is configured in a single economy class layout with 144 seats. All passengers will benefit from state-of-art mood lighting and drop-down screens throughout the cabin. It will be deployed on route from Faroe Islands to Copenhagen, Denmark.


Fokker Services acquires spare parts for Bombardier Dash 8/Q-Series 100/200/300 aircraft

March 23, 2012 · 2 Views

Bombardier Aerospace has strengthened its strategic alliance with Fokker Services to increase the availability and reduce the cost of spare parts for operators of its out-of-production Dash 8/Q-Series 100/200/300 aircraft. Under the agreement, Fokker Services has secured inventory from Bombardier. The initial inventory block was sold to Fokker Services for worldwide distribution in November and encompasses more than 2,600 part numbers. Bombardier will also continue to market and sell Dash 8/Q-Series 100/200/300 parts to operators worldwide.


Albert Li named new General Manager and Head of Bombardier Aerospace China

March 23, 2012 · 6 Views

Bombardier Aerospace announced the appointment of Albert K. Li as General Manager and Head of Bombardier Aerospace China effective April 2, 2012. Born in Hong Kong, Mr. Li holds a Bachelor of Applied Science in Mechanical Engineering and a Master of Business Administration (Finance) from the University of Toronto. Since 1988, Mr. Li has held positions of increasing responsibility with the Ford Motor Company, most recently as President, Ford Lio Ho Motor.


Rolls-Royce awarded $275m service contracts from US military

March 23, 2012 · 3 Views

Rolls-Royce has received recent contracts exceeding $275 million to provide support services for the US Armed Services. Rolls-Royce will provide Mission Care service support for AE 1107C, AE 2100 and T56 engines which power a variety of US aircraft, including the V-22, C-130, P-3 and C-2 in operation with the US Air Force, Navy and Marines. The contracts cover work to be delivered in 2012 and 2013.


Firefly selects Messier-Bugatti-Dowty wheels and carbon brakes

March 23, 2012 · 2 Views

Malaysian airline Firefly has selected Messier-Bugatti-Dowty to supply wheels and carbon brakes for its Boeing Next-Generation 737 fleet. The contract covers a total of 63 Boeing 737-800 twinjets, either new or to be retrofitted. Messier-Bugatti- Dowty offers a certified carbon brake for all models in the Boeing Next-Generation 737 family, as original equipment or for retrofit. To date, Messier-Bugatti-Dowty has recorded commitments to equip 750 airplanes.