Wednesday, April 11, 2012
AviTrader Daily Aviation News Alert
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December 19, 2014 · 132 Views
In a stock exchange disclosure, IAG has confirmed that it had “submitted a proposal” to make bid for Aer Lingus, adding though that it had been “rejected by the board of Aer Lingus,” continuing to say that “There can be no certainty that any further proposal or offer will be forthcoming. A further statement will be made if and when appropriate.” Aer Lingus’ Board, headed by chairman Colm Barrington, responded by saying in a stock market disclosure that “The board has reviewed the Proposal and believes that it fundamentally undervalues Aer Lingus and its attractive prospects. Accordingly, the Proposal was rejected on 16 December 2014”. Aer Lingus also stated that “Shareholders are strongly advised to take no action.” The bid is understood to be in excess of €1bn, while shares in Aer Lingus at one point rose over 21% on the news, closing yesterday 9% higher.
The move for Aer Lingus has been described as “highly opportunistic” by David Holohan, Head of Research at stockbroking firm Merrion Capital, based primarily on the fact that the airline is losing a highly respected Chief Executive in Christoph Mueller who is moving to troubled Malaysia Airlines next year. The airline is also struggling to settle a pension dispute that has been a cause of much industrial unrest at the airline. The Irish Government own a 25.1% stake in Aer Lingus, while Ryanair, who have made three separate attempts to acquire the airline, are awaiting the result from the UK Court of Appeal regarding a decision forcing them to reduce their stake in the airline from 29.8% to 5% which is due any day, but which may be delayed until January.
December 2, 2014 · 164 Views
On the 7th January 2013 a fire was reported on board a Boeing 787 Dreamliner while parked at Boston’s airport in the USA. The fire was put down to a problem with one of the plane’s lithium-ion batteries. A week later an All Nippon Airways 787 Dreamliner had to make an emergency landing after smoke was discovered inside the plane which was subsequently traced back to another lithium-ion battery. As a consequence of this incident, all 787 Dreamliners were grounded until April of that year until further acceptable testing and improvements were carried out to the battery system on board the plane. The battery itself was manufactured by GS Yuasa and comprised eight individual cells making up a combined weight of 63lbs.
Nearly two years later and the results of the investigation into the first incident have concluded that the lithium-ion battery installed in the plane should not have received certification by the FAA. The National Transport Safety Board (NTSB) were also critical of Boeing who they believed had erroneously ruled out the chances of thermal runaway in its assessment of the battery’s safety. Boeing’s battery tests to obtain original certification included crushing battery cells, driving nails through them and deliberately introducing short circuits to cause failure. Boeing found “nothing adverse happened” while these tests were carried out, and so deemed the battery’s box and internal protection to be of an acceptable standard. Boeing stated that it had followed the certification process set out by the FAA. It would seem that while the cause of the fire has been clearly identified, responsibility for its occurrence has not been accepted in full by anyone.
November 5, 2014 · 131 Views
Back in February this year, Rolls-Royce, the FTSE-100 engine maker, lost over £3bn of its value after shocking the market with its first profits warning in a decade. To announce a second one this October has created considerable concern and Rolls-Royce has decided that over the next 18 months they need to reduce costs by up to £80m a year by axing 2,600 jobs, the majority of which will be in the aerospace sector in Britain and the United States. The focus is on Rolls-Royce’s key Trent engines as they move from the development to the production phase, which consequently requires fewer engineers.
Back in February John Rishton, Rolls-Royce group’s Chief Executive, had admitted that the future was “bumpier than I had expected”, while blaming the current problems on deteriorating economic conditions and a tit-for-tat trade war between the EU and Russia over the Ukrainian crisis which had affected its nuclear and energy business as well as its power-systems unit. This week Rishton has had to admit that “We are taking determined management action and accelerating our progress on cost. The measures announced today will not be the last; however they will contribute towards Rolls-Royce becoming a stronger and more profitable company.”
Another consequence of the situation is the unexpected departure of Finance Director, Mark Morris, leaving the company after 27 year without any explanation. He will be replaced by David Smith, who is being promoted from Finance Director of the Rolls-Royce Aerospace division. This second profit warning saw share value fall 11% to 832p, wiping a further £2bn off the company’s value. However, news of the redundancies was well received by investors and the share price rallied by 2%, currently standing at 832p. This is clear confirmation of comments made by Espirito Santo’s analyst, Ed Stacey, who indicated that investors would be expecting a clear message from the new Finance Director and tight control on all finances.
March 25, 2014 · 84 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.
March 7, 2014 · 61 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.
February 26, 2014 · 63 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).
January 29, 2014 · 53 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.
January 9, 2014 · 43 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.
July 5, 2013 · 49 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.
June 26, 2013 · 31 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.
May 22, 2013 · 27 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.
April 9, 2012 · 3 Views
Boeing and Transaero Airlines of Russia recently signed an order for four 787-8 Dreamliners. The signing ceremony for the order, valued at $744m at list prices, has been held onboard the 787 during a demonstration flight for Transaero’s executives, employees and special guests.
April 9, 2012 · 4 Views
BAE Systems has won a contract from Swiss International Air Lines to supply D-C cargo hold fire detection and suppression system modification kits for the conversion of the airline’s 20-strong fleet of Avro RJ jetliners.
Swiss has taken the decision to modify its aircraft ahead of a possible European Aviation Safety Agency (EASA) mandated requirement. Both the US Federal Aviation Administration (FAA) and the Australian Civil Aviation Safety Authority (CASA) have mandated this upgrade and, as a result, BAE Systems Regional Aircraft has in the past provided modification kits to airlines in these countries.
The fleet of BAe 146/Avro RJs operated by Cobham Aviation Services in Australia, as well as the original fleet of Avro RJs operated by Mesaba Airlines in the United States (now largely operating with CityJet in Ireland) have been converted. In addition, BAE Systems has supplied kits to TNT Express for the upgrading of their fleet of European-based BAe 146QT freighters.
April 9, 2012 · 3 Views
Crane announced the appointment of Robert (Bob) Tavares as President of the Electronics Group of Crane Aerospace & Electronics, and David Bender as President of the Aerospace Group of Crane Aerospace & Electronics. Previously, Bender was president of both the Aerospace Group and the Electronics Group.
April 9, 2012 · 4 Views
Final assembly of the first A350 XWB is now underway at the brand new final assembly line in Toulouse. This latest step in the A350 XWB’s progress is achieved as Airbus starts joining the 19.7 metre long centre fuselage with the 21 metre long front fuselage. This first A350 XWB airframe will be used for the static structural tests that all new aircraft undergo as part of their certification process. The assembly of the first flying A350 XWB, MSN1, will start during summer. The centre fuselage was delivered to Toulouse on Wednesday 4th April 2012 by Beluga from Airbus in St Nazaire, France. The front fuselage was previously delivered from St Nazaire to the A350 XWB final assembly line on the 23rd December 2011. Delivery and installation of the aft fuselage from Hamburg, Germany will take place in the coming weeks, followed by the wings delivered from Airbus’ wing assembly site in Broughton, UK.
April 9, 2012 · 11 Views
Fokker Services and MTU Maintenance Canada signed an engine accessory repair services agreement for the support on various engine accessory components. The agreement signed is valid for three years with annual renewals agreed to by both parties. The agreement includes a range of accessory components supporting MTU maintenance Canada and engine repair shop in Germany – MTU Maintenance Hannover GmbH. The work is being accomplished on various engine types, but mostly on CF6-50 and CF6-80. The work will be carried out by Fokker Aerotron (USA) in Georgia and Fokker Services (NL) in Amsterdam.
April 9, 2012 · 3 Views
For the month of March 2012, Copa Holdings’ system-wide passenger traffic increased 22.5% year over year, while capacity increased in the same proportion. System load factor for March 2012 was 76.0%, flat when compared to March 2011.
April 9, 2012 · 3 Views
Republic Airways reported that March traffic was in line with the same month last year, on a decrease in capacity of 2%. Consolidated load factor was 80% in March of 2012 versus 78% in the same month last year.
April 10, 2012 · 12 Views
Embraer S.A. and Boeing announced a cooperation agreement to work together to benefit their customers, their companies and the global aviation industry. The agreement establishes an important relationship between two of the world’s largest aerospace companies to cooperate in ways that enhance operational efficiency, safety and productivity, improve customer satisfaction and create value for both companies and their customers. Frederico Curado, President and CEO of Embraer S.A., and Jim Albaugh, President and CEO of Boeing Commercial Airplanes, signed the agreement during the visit of Brazil’s President to the United States and following the annual meeting of the U.S.-Brazil CEO Forum, a public-private partnership between the United States and Brazilian Governments which brings together chief executive officers from both countries. Curado and Albaugh are co-chairs of the CEO Forum’s aviation subcommittee. Boeing and Embraer have agreed to pursue several areas of cooperation, including commercial aircraft features that enhance safety and efficiency, research and technology and sustainable aviation biofuels. They will also look for other areas to work together to bring mutual benefit and value to customers.
April 10, 2012 · 11 Views
UAL’s consolidated traffic in March 2012 increased 1.0% and consolidated capacity decreased 1.1% versus March 2011. The company’s consolidated load factor in March 2012 increased 1.7 points to 81.5% compared to March 2011.
April 10, 2012 · 17 Views
Constant Aviation, a maintenance, repair, and overhaul facility, has been appointed by Rolls-Royce as an AE 3007 Authorized Service Center. Constant Aviation is now able to offer Legacy 600/650 operators in-house engine maintenance, on-site parts and warranty claim processing.
April 10, 2012 · 19 Views
Gulf Coast Avionics and Pacific Coast Avionics have added the Flight Companion from Matchbox to their product offerings. The FC-1 Flight Companion is a new lightweight multi-functional electronics instrument that provides a variety of alerts to assist pilots with their cockpit management functions. Flight Companion capabilities include an altitude alert system that alarms with change of more than plus-or-minus 100 feet from a pre-set altitude and a tank timer that provides a 30 minute tank countdown and an LED flash alert that the tank is being timed out. In addition to the Flight Companion, a related Matchbox product called the DVM828 is a self-contained digital voltage monitor that plugs directly into an existing cigarette lighter connector and monitors the status of the aircraft battery and charging systems.
April 10, 2012 · 19 Views
Finnair traffic measured rose by 11.6% and the overall capacity grew by 3.6% year-on-year. Passenger load factor improved by 5.6 points and was 78.0%.
April 10, 2012 · 20 Views
HAITEC Aircraft Maintenance GmbH based in Hahn, Germany, signed a GTA with Pullmanturair (based in Madrid, Spain) for their fleet of B747-400s, on April 10th. The first aircraft already arrived for maintenance activities (Maintenance Checks and SB/AD incorp.) for approx. 10 days at their facility in Hahn.
April 10, 2012 · 12 Views
Monarch Aircraft Engineering has signed a line maintenance technical handling agreement with Air France. With immediate effect, Monarch Aircraft Engineering will provide full maintenance support for the French carrier, who operates a three times weekly service into Malaga on an Airbus A320 aircraft.
April 10, 2012 · 14 Views
MTU Maintenance Hannover continues to provide support to U.S. carrier JetBlue Airways. The airline has been sending its IAE V2527 engines to the Hannover shop on an exclusive basis since 2005. The carrier now has further entrusted MTU Maintenance with the maintenance, repair and overhaul which now covers all of its V2533s, the most powerful V2500 version on the A321. The amended contract will run until 2020 and includes a five-year renewal option. JetBlue has opted to convert an existing A320 order for 30 aircraft into A321s. U.S. low-cost carrier JetBlue Airways, headquartered in New York, currently operates a mixed fleet of 172 Airbus A320 and Embraer aircraft and has another 126 planes, mainly A320s and A321s, on order.
April 10, 2012 · 11 Views
Pilatus Aircraft appointed Air Charter Services PVT (ACSPL) as its official PC-12 Sales and Service Center in India with responsibility for India, Sri Lanka, Nepal, Bhutan, Bangladesh, Burma and Thailand. As the official Service Center, the New Delhi-based facility will manage aircraft sales and carry out all aspects of PC-12 maintenance and warranty work. Sales of the PC-12 have increased steadily since it was first launched in 1994. Total aircraft sold now exceed 1100.
April 10, 2012 · 15 Views
GOL Linhas Aereas Inteligentes S.A. has received authorization from the National Civil Aviation Agency (ANAC) to provide conventional and electrostatic painting, weighing and recalibration services for other companies’ aircraft in its Maintenance Center in Confins, Belo Horizonte. The agency’s authorization, which also represents a new revenue source, covers Boeing 737-700 and 737-800 Next Generation aircraft, identical to those of GOL’s fleet, as well as Boeing 737-300 aircraft, part of Webjet’s fleet, and other models from other manufacturers which are capable of fitting into the painting hangar. GOL’s Aircraft Maintenance Center was expanded in 2010, to reach its current capacity of up to 120 aircraft per year. The expansion absorbed investments of R$65m, enabling the Center to undertake heavy fuselage maintenance, preventive maintenance, aircraft painting and internal aircraft configuration for GOL’s entire fleet.