Wednesday, April 11, 2012
AviTrader Daily Aviation News Alert
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October 6, 2015 · 48 Views
Air Asia has yet to rebound from the financial pressure it has been placed under since the release of a damning financial report by Hong Kong-based analysts GMT Research in June this year. The report questioned the accounting practices, profit outlook, cash flow and structure of Asia’s largest low-cost airline based on fleet size. The result of the publication of the report saw the share value of the airline plummet, eventually settling at a reduction of approximately 27% in value, or MYR1.58 billion (US$420 million).
Air Asia had also suffered a major setback in December 2014 with the crash of flight QZ8501 which killed all 162 aboard. While analysts had confidence in AirAsia’s ability to put the crash behind it as well as responding to intensifying industry competition, they noted that continued losses at the carrier’s Philippine and Indonesian units remained a concern.
Today the value of the airline has fallen by 40% from its pre-report price, valuing the company at MYR3.51 billion (USD$803 million). As a consequence AirAsia boss Tony Fernandes and his long-time business partner, Kamarudin Meranun, are negotiating with banks to secure financing for the company’s privatization, which could take place within the next few months according to Reuters. Fernandes, who bought the original two-plane operation in 2002 for US$1 has fervently defended the company’s financial outlook, making it clear he felt the market was undervaluing it. Tune Air, which is jointly owned by Fernandes and Meranun, owns roughly 19% of AirAsia.
April 9, 2012 · 35 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 · 61 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 · 44 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 · 33 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 · 45 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 · 47 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 · 92 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 · 64 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 · 45 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 · 47 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 · 111 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 · 49 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 · 48 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 · 46 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 · 46 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 · 47 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 · 46 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.