Saturday, June 18, 2011

AviTrader Daily Aviation News Alert

This is an overview of all articles linked within the selected daily newsletter.
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Fuel prices rise but major airlines have no hedging plans

January 22, 2018 · 138 Views

Commenting at the Airline Economics Conference in Dublin on Monday, January 22, four of the major carriers, Delta Air Lines, American Airlines, United Airlines and Dubai-based Emirates, confirmed they will not be hedging fuel bills, despite a recent rise in the cost of oil. For the first time in three years, the global Trent benchmark has risen above US$70.00 a barrel.
Amelia Anderson, managing director and assistant treasurer at American Airlines commented that “We have not hedged since the merger and our philosophy has not changed. We are the largest purchaser of jet fuel and we think we would be bidding against ourselves. The market is quite thin beyond 12 months,” adding: “I don’t envision our fuel hedging practice to change in the short term.” The merger in question was the 2013 amalgamation of American Airlines and United Airlines.
Fuel hedging is a process where high-fuel-consumption companies such as airlines enter into hedging contracts to mitigate their exposure to future fuel prices that may be higher than current prices, and/or to establish a known fuel cost for budgeting purposes.
The effectiveness of hedging depends on the future price of fuel. An airline can place hedges based either on the future price of jet fuel or crude oil. Additional factors, including difficulties relating to refinery capacity, can also affect the prices of crude oil and jet fuel.
One notably successful period of fuel hedging occurred between 1998 and 2008 when Southwest Airlines saved over US$4 billion through a successful strategic fuel-hedging policy.

ARINC deploys AviNet airport service for three major Chinese carriers

June 16, 2011 · 82 Views

ARINC Incorporated reported that three major Chinese airlines—China Southern, Hainan Airlines, and China Eastern—have signed for the company’s AviNet  Airport wide-area network service. ARINC will deploy its AviNet Airport service at 14 airports in the Asia Pacific region and worldwide to support the international operations of these airlines. Some of the locations include Haneda Airport, Incheon International Airport, Vancouver International Airport, and John F Kennedy International Airport.

 The AviNet Airport network solution utilizes a single IP connection to bridge the airline host systems and airport services, whether they are common-use passenger processing systems or back-office systems. This flexibility allows the airlines to support a wide range of applications, ranging from check-in and ticketing to flight information.

Boeing 747-8 Freighter to fly to Paris Air Show on sustainable biofuel

June 16, 2011 · 80 Views

Boeing will fly the new 747-8 Freighter to its international air show debut in a doubly historic fashion, flying the airplane across the Atlantic Ocean to the Paris Air Show using a renewable aviation jet fuel – the world’s first transatlantic crossing of a commercial jetliner using biologically derived fuel. 

Boeing pilots Capt.. Keith Otsuka and Capt. Rick Braun and Cargolux Capt. Sten Rossby will fly the airplane with each of the 747-8 Freighter’s four GE GEnx-2B engines powered by a blend of 15% camelina-based biofuel mixed with 85 percent traditional kerosene fuel (Jet-A). The airplane is scheduled to arrive at Le Bourget Airport Monday at about 5 p.m. Paris local time after a 4,989-mile  trip.

“This historic flight is a boost to aviation’s efforts to reduce carbon emissions and improve efficiency in all phases of our industry,” said 747-8 Vice President and General Manager Elizabeth Lund. “And the 747-8 Freighter fits in well with these efforts by bringing huge improvements in fuel efficiency, lower carbon emissions and less noise.”

Monarch Aircraft Engineering sign Single Point Assist agreement

June 16, 2011 · 85 Views

Independent aircraft maintenance provider, Monarch Aircraft Engineering (MAEL) has signed a line maintenance technical handling agreement with Single Point Assist. Single Point Assist, who’s headquarters are based in Wellington, New Zealand provide a unique international AOG maintenance service and assist with AOG’s across the world due to their extensive network of engineering partners.
MAEL’s highly experienced engineering team will provide support to the Single Point Assist network within the UK, Ireland, Spain and across the world through existing Monarch Aircraft Engineering line stations.

Ian Malin joins A J Walter Aviation

June 16, 2011 · 237 Views

Ian Malin will join A J Walter Aviation on 1st July after eleven years in investment banking, having financed several billion dollars worth of aircraft, rolling stock, infrastructure, power and aircraft component assets.  He will be responsible for managing AJW’s funding relationships as well as for financial planning, analysis and corporate development going forward.

First Sukhoi Superjet 100 for Aeroflot enters into commercial operation

June 16, 2011 · 76 Views

Aeroflot Russian Airlines completed the first passenger flight of new Russian regional jet Sukhoi Superjet 100 (SSJ100) from Moscow to St. Petersburg. This flight marked the beginning of commercial operation of the new aircraft by the Russian National carrier. 

Sukhoi Superjet 100 SN 95008 was delivered to Aeroflot under a lease agreement with VEB-Leasing JSC.  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 and plans to to purchase ten more.

Australia selects U.S. Navy’s MH-60R SEAHAWK helicopter

June 16, 2011 · 93 Views

The U.S. Navy  announced the Commonwealth of Australia has selected the MH-60R SEAHAWK helicopter to fulfill the Australian Defence Force’s AIR 9000 Phase 8 requirement for a fleet of 24 new-generation, multi-role naval combat aircraft. The Commonwealth will acquire the helicopters with associated training and logistical support via the U.S. Government’s Foreign Military Sales program.  

The Commonwealth of Australia this week signed the Letter of Acceptance, a formal agreement with the U.S. Navy. The Letter of Acceptance marks the first-ever purchase of the U.S. Navy’s MH-60R helicopter outside the United States. The Royal Australian Navy is expected to take delivery of the first two MH-60R helicopters in 2014.

AAR to provide component MRO solution for Finnair

June 16, 2011 · 97 Views

AAR has been selected to provide a rotable component support program for Finnair’s fleet of Boeing 757 aircraft. The three-year agreement with Finnair Technical Services encompasses materials and repair management for a complete inventory of 757 components that will be housed at Finnair Technical Services’ facilities at Helsinki Airport. 

The program provides Finnair with competitive and predictable costs for the repair and provisioning of its 757 inventory while ensuring continuing high levels of service reliability. The program covers more than 250 rotable components for Finnair’s fleet of four 757 aircraft.

Eurocopter inaugurates new global logistics center in southern France

June 16, 2011 · 73 Views

The new Eurocopter Global Logistics facility was inaugurated on June 16th in southern France, marking a major milestone in the evolution of Eurocopter’s global integrated support network for customers and also providing improved internal logistics for the company’s production and industrial activities. Eurocopter Global Logistics is the cornerstone of Eurocopter’s worldwide logistics distribution system, which includes platforms in Donauwörth, Germany, Roissy-Charles de Gaulle Airport, France, and Hong Kong as well as Customer Service Center in both Hong Kong and Dallas, Texas.  Located at the Les Florides industrial park near Eurocopter’s production plant in Marignane, this 53,500-square meter facility houses more than 1.5 million parts, is staffed by some 750 employees and handles the delivery of more than 300,000 parts a year. It is a key element in the Eurocopter Group’s Vision 2020 program, which aims to ensure a highly reactive customer support and services network for operators of Eurocopter helicopters worldwide.


Jade Cargo signs heavy maintenance contract with Ameco Beijing

June 17, 2011 · 83 Views

Jade Cargo International signed a heavy maintenance contract with Ameco Beijing for 6 Boeing 747-400ERF,  for the term of 9 years, starting from 2011. The contract was signed on May 19th, 2011 in Shenzhen, China. Jade Cargo International started flight operations in August 2006 and operates currently a fleet of six B747-400ERFs (Extended Range Freighter).

Nexcelle unveils Next-Generation Integrated Propulsion System (IPS) concepts at Paris Air Show

June 17, 2011 · 119 Views

An industry-leading integrated propulsion system (IPS) will be highlighted at the Paris Air Show, where a functional scale model demonstrating key elements of this next-generation configuration will be displayed by Nexcelle – the engine nacelle joint venture of GE Aviation’s Middle River Aircraft Systems and the Safran group’s Aircelle company.

Nexcelle’s half-scale model will highlight many of the company’s integrated propulsion system features that are to reduce fuel consumption, improve performance and enhance maintenance for jet engine applications on commercial airliners. They include a low drag front end with single-piece air inlet; a fan cowl which is structurally integrated to the engine; a translating O-duct thrust reverser that provides improved fan flowpath while eliminating door links, lower bifurcation, latches and split lines; and the new integrated mounting system for reduced engine distortion and enhanced on-wing performance.

Cebu Pacific to order 30 A321neo aircraft

June 17, 2011 · 99 Views

Cebu Pacific of the Philippines has signed a Memorandum of Understanding (MOU) with Airbus for the purchase of 30 A321neo aircraft. The carrier has also exercised existing options for seven more standard A320s, increasing to 41 its total firm orders for the Airbus single aisle product line. The aircraft will join an existing fleet of A319s and A320s flying on the carrier’s fast growing domestic and regional network which covers 33 domestic and 16 international destinations, including Osaka, Seoul (Incheon), Beijing, Jakarta, Bangkok and Singapore.

AG Aero named Authorized Service Center for GE’s M601 and H80 engines

June 17, 2011 · 226 Views

AG Aero, part of the AGA Group of Companies, has signed an agreement with GE Aviation to become an Authorized Service Center for GE’s M601 and H80 turboprop engines in Australia, New Zealand and the Philippines regions.

As part of the agreement, AG Aero will offer comprehensive line maintenance, removals and re-installations of engines and line-replaceable units (LRUs) and engine spares for the M601 and H80 engine families. GE Aviation will provide AGA Services with comprehensive material support and training.

ANI Group Holdings signs MOU with Mitsubishi Aircraft for 5 MRJ’s

June 17, 2011 · 77 Views

Mitsubishi Aircraft Corporation has signed a Memorandum of Understanding (MOU) with Hong Kong-based aircraft lease and maintenance company, ANI Group Holdings Ltd. for an order for 5 next-generation Mitsubishi Regional Jet (MRJ) aircraft. ANI Group Holdings Ltd. currently services five Indonesian airlines.

P&WC launches engine diagnostic tool for PW100 engine

June 17, 2011 · 81 Views

Pratt & Whitney Canada officially launched an engine diagnostic tool on May 16th, powered by Spotlight, for its PW100 engine. The diagnostic tool is an interactive system designed to help operators and service providers solve issues in a fast and thorough manner. With this tool, the technician is asked a series of questions about their engine issue and is provided the best information available for fast and effective diagnosis. The knowledge base behind this tool represents both P&WC’s Fault-Isolation Charts data and the collective wisdom and experience gained through years of in-field service. This effort encompassed 26 engine models and created 1680 fully validated fault isolation charts. It also harmonized fault isolation data across 11 maintenance manuals.

Blue1 to phase out Avro RJ-85 aircraft

June 17, 2011 · 98 Views

In order to strengthen the SAS Group’s long term position in Finland and improve the profitability in Blue1, the SAS Group has decided to phase out the remaining 5 Avro RJ-85 aircraft and streamline to Boeing 717. The phase out of the Avro fleet is expected to start in August 2011 and will result in maximum 85 redundancies within Blue1. The refocus on the Finnish market will also result in closure of a number of European destinations. Some capacity adjustments will also be made on Finnish domestic routes. At the same time Tampere-Copenhagen route will be opened

Saudi Arabian Airlines selects Goodrich carbon brakes for Boeing 777-300ER aircraft

June 17, 2011 · 94 Views

Goodrich Corporation has been selected to supply wheels and carbon brakes on Saudi Arabian Airlines’ fleet of 12 new Boeing 777-300ER aircraft. This selection compliments Saudi Arabian’s existing Goodrich-equipped fleet of 777-200 and 747-400 aircraft, making Goodrich the preferred supplier for Saudi Arabian’s wide-body fleets.  Saudi Arabian’s first 777-300ER aircraft is scheduled to be delivered in January 2012.

Goodrich’s 777-300ER carbon brake uses proprietary DURACARB carbon material. The DURACARB carbon provides exceptional brake performance and a 35% brake life advantage over competitive equipment.

AERO Vodochody completes first BLACK HAWK helicopter cockpit for Sikorsky

June 17, 2011 · 90 Views

Sikorsky Aircraft Corp. reported the completion of the first UH-60M BLACK HAWK helicopter cockpit produced in the Czech Republic by AERO Vodochody, a longtime Sikorsky supplier that has manufactured more than 300 S-76 commercial helicopter airframes since 2000.  Sikorsky awarded AERO Vodochody a contract in January 2010 to begin producing the cockpits as a second source for the newest BLACK HAWK model.