Saturday, March 24, 2012
AviTrader Daily Aviation News Alert
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May 26, 2016 · 241 Views
Portugal’s Minister of Planning and Infrastructure, Pedro Marques, has had a goal to connect Portugal to the Far East “as soon as possible” according to the Macau Daily Times. With The HNA Group now looking to acquire an initial stake of 7% in Atlantic Gateway, a private consortium which owns a 50% stake in TAP Portugal, this goal looks like it will be achieved.
While the Portuguese government increased its stake in the airline to 50% last week, Humberto Pedrosa, majority partner, advised reporters in Lisbon at the weekend that the HNA Group stake, both direct and indirect, could climb to as much as 20%, and HNA would receive part of the €90 million (US$101 million) in convertible bonds in shares which would be issued by Azul Brazilian Airlines and which would help bail out TAP.
HNA Group, which is the parent company of Hainan Airlines, made a firm commitment to buy a 23.7% stake in Azul Brazilian Airlines for US$450 million in November last year, while in May this year the Socialist Portuguese government signed an agreement to partly review the privatization of TAP. This follows on from events last year when Atlantic Gateway acquired an original 61% stake in TAP, only for the Portuguese government to scale back the stake to 45%.
Part of the reason for the privatisation of TAP relates to the 2011 bailout agreement signed between Portugal and the European Central Bank, International Monetary Fund and European Commission. The government’s position was exacerbated by the fact that in June 2015 TAP’s debts had exceeded €1 billion (US$1.12 billion).
March 22, 2012 · 76 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.
March 22, 2012 · 90 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.
March 22, 2012 · 63 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.
March 22, 2012 · 65 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.
March 22, 2012 · 73 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.
March 22, 2012 · 73 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.
March 22, 2012 · 122 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.
March 22, 2012 · 81 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.”
March 23, 2012 · 70 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).
March 23, 2012 · 65 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.
March 23, 2012 · 80 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.
March 23, 2012 · 57 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.
March 23, 2012 · 87 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.
March 23, 2012 · 64 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.
March 23, 2012 · 66 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.