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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Two years on and Myanmar finally decide on public-private partner for Mandalay Airport expansion program
November 21, 2014 · 68 Views
It has taken nearly two years to come to a decision, but one has finally been made regarding the future of Myanmar’s second largest airport, located at Mandalay. Back in early 2012 when landmark elections were won by Aung San Suu Kyi’s National League for Democracy, it was identified early on that with the opening up of the country (formerly known as Burma), the aviation business would be one of the major winners. Myanmar was seen as the least well-served market in aviation terms probably in the whole of Asia, with new opportunities for every type of carrier – local and foreign, international and domestic, low-budget and long-haul. At the time it was also decided that the airports at Rangoon and Mandalay should be partially privatized, while the new Naypyitaw airport would begin to handle international flights almost immediately. Mandalay has always been a popular tourist destination and in 2011 it saw just under 500,000 passengers, of which roughly 50,000 were international. In 2012 Mandalay had only one scheduled international service, to Kunming in China.
The public-private joint-venture project at Myanmar was opened up to offers in early 2012 and by mid-December that year, seven candidates had been shortlisted from a group of sixteen. It has now been announced that the consortium set up to operate Myanmar’s second largest airport and expand it into becoming a regional hub will be Japan’s Mitsubishi and Jalux, in partnership with Myanmar’s Yoma. The agreement covers a thirty year contract under a specifically created company called MC-Jalux Airport Services.
According to Mitsubishi, the airport partnership at Mandalay will “generate further expansion of domestic and international flights”, hopefully from March next year. Today Mandalay airport can handle up to three million passengers a year, though it only had 750,000 in 2013. However despite the low volume of air travel, Myanmar’s aviation safety record is nine times worse than the industry average, a problem which is being simultaneously addressed. The Japanese International Cooperation Agency (JICA) is providing a grant for improved safety equipment to be installed at six airports, with Japan’s Sumitomo identified as the principal contractor.
The future looks very busy for the aviation industry in Myanmar as there are over thirty domestic airports which are also being considered for upgrading and being offered to an international operator for management. In addition, a Japan-Singapore consortium will build a fourth international airport in Myanmar, at a cost of US$1.5 billion, just north of Yangon.
November 5, 2014 · 111 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 · 75 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 · 55 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 · 53 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 · 44 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 · 39 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 · 44 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 · 28 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 · 22 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.
June 16, 2011 · 8 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.
June 16, 2011 · 9 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.”
June 16, 2011 · 7 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.
June 16, 2011 · 9 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.
June 16, 2011 · 12 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.
June 16, 2011 · 13 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.
June 16, 2011 · 12 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.
June 16, 2011 · 11 Views
June 17, 2011 · 4 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).
June 17, 2011 · 11 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.
June 17, 2011 · 11 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.
June 17, 2011 · 11 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.
June 17, 2011 · 5 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.
June 17, 2011 · 12 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.
June 17, 2011 · 8 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
June 17, 2011 · 11 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.
June 17, 2011 · 10 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.