Friday, August 24, 2012
AviTrader Daily Aviation News Alert
This is an overview of all articles linked within the selected daily newsletter.
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August 26, 2016 · 1288 Views
It has been reported from Geneva that the International Transport Association (IATA) and Egypt’s authorities are attempting to find a solution for the repatriation of funds owed to airlines operating in Egypt.
The current value of blocked funds stands at US$275 million. To date ongoing discussions between airlines, the Central Bank of Egypt and Egypt’s Civil Aviation Authority has seen US$240 million released while discussions continue regarding an appropriate time schedule for further payments to be made.
Air connectivity is crucial to the Egyptian economy as aviation supports the employment of over 1 million people and produces US$13.1 billion in social and economic benefits. It is imperative from the aspect of both businesses and tourism that IATA, the airlines and the Egyptian government create a solution to the current problem that will comply with international obligations.
Egypt has struggled against the country’s foreign exchange black market since the January 2011 uprising and from December 2012 the central bank had been controlling the official exchange rate through frequent foreign currency auctions. However, in March 2015 further restrictions were placed on the level of dollar deposits allowed in Egyptian banks in a move to fully eradicate the disruptive influence of the black market. The consequence of this though has been a shortage of dollars, and hence the underlying reason behind blocked funds.
Egypt imports most of its basic commodities and relies heavily on income generated by the Suez Canal and tourism. At the end of December 2014 foreign exchange reserves stood at US$15.3 billion. In June this year it was announced that these reserves had risen to US$17.5 billion, but figures released for July show this figure had fallen dramatically to US$15.54 billion.
August 22, 2012 · 79 Views
Avianca has selected Barfield, a Sabena technics company, as its provider for the repair of specific components for its Airbus A330 fleet. This A330 program comes in addition to the existing 10-year repair agreement covering Avianca’s A320 fleet. Within this additional scope, Barfield will perform test, repair and overhaul of rotable components such as avionics, hydraulics, air conditioned and instruments for the Avianca fleet of eight A330 aircraft. During the next couple of years, the fleet shall reach ten aircraft. This collaboration is not the first one between the airline and Sabena technics’ American subsidiary. In 2010, Avianca and TACA Airlines selected Barfield as its maintenance partner for its A320 fleet. Barfield, in order to improve its proximity of service, soon opened a facility in Bogota, Colombia, to support Avianca and TACA Airlines.
August 22, 2012 · 6904 Views
SkyVision Xtreme announced the release of its SkyVision Portable, a fully transportable ADS-B transceiver system, with integrated Appliance, for use with iOS, Android, and Windows devices with Wi-Fi capability. The SkyVision Portable includes Xtreme Vision display software to provide the same Synthetic Traffic display (patent-pending) that pilots have learned to trust for intuitive situational awareness from SkyVision Xtreme. SkyVision Portable is squarely aimed at flight schools, renters, and those wishing to wait to permanently install ADS-B in their aircraft. SkyVision Portable includes a UAT transceiver and an Xtreme Vision Appliance, which uses Wi-Fi to transmit the Xtreme Vision display software to any Wi-Fi capable iOS, Android, or Windows display in the cockpit. Also included are a suction-cup mounted UAT antenna, a GPS antenna, and a power plug. The system is bundled in a briefcase-type enclosure that comes pre-wired and ready for flight.
August 22, 2012 · 85 Views
GE Capital Aviation Services (GECAS) reported it delivered two new Boeing 737-800 aircraft to Indonesia’s Lion Air as part of a purchase and leaseback transaction. The aircraft from the airline’s existing order book with Boeing were delivered in May and July and will be used to expand and modernize the airline’s fleet.
August 22, 2012 · 94 Views
Avcorp Industries signed a five-year contract extension with Boeing, to provide the wheel well for the Next-Generation 737 as well as assemblies and components that support the Next-Generation 737, 747-8, 767, and 777. The contract value is approximately CAD $80m over five years, commencing in 2013. These parts and assemblies will be manufactured and delivered from Avcorp’s Delta, B.C. Canada facility. “Boeing has been a valued Avcorp customer for 20 years,” said Mark Van Rooij. “However, this extension represents a tremendous opportunity for even greater collaboration between our companies and fits perfectly with our continuous improvement and strategic growth plans”.
August 22, 2012 · 75 Views
AgustaWestland, a Finmeccanica company, announced that a new AgustaWestland Service Centre has been opened by AVIASUR to provide maintenance and other support services for AgustaWestland commercial helicopter customers. The service centre is located at AVIASUR’s modern facility at Santiago’s Arturo Merino Benítez International Airport in Chile, where an official opening ceremony was held on 8th August. The opening of a new service centre in Chile continues AgustaWestland’s strategy to provide customers with greater levels of service close to their operating locations. The opening of AVIASUR’s Service Centre brings the number of AgustaWestland Service Centres worldwide to over eighty, with a programme underway to further expand this network around the world. AgustaWestland is continuing to increase its market share in South America and now has 17 of its helicopters operating in Chile comprising eight AW119 Koalas, seven AW109s, one Grand and one W-3A Sokol. The first GrandNew light twin helicopter is scheduled to be delivered to Chile later this year.
August 22, 2012 · 73 Views
Associated Air Center, StandardAero’s Large Scale VIP Transport Completions Center in Dallas, Texas, recently delivered its 23rd “green” Boeing Business Jet (BBJ) completion for an Eastern European-based energy company customer. The completed interior includes a large sitting area complete with bench seating, retractable tables and individual “captain’s chairs,” in addition to a custom-designed lavatory and bedroom. Other accoutrements include a fully-equipped cabin management system incorporating in flight-entertainment, WiFi communications and flat panel video monitors. Among Associated Air Center’s other recent achievements are its contract award for an Airbus A330-200 series, wide-body aircraft and the opening of its 4,000 ft² VIP custom interior Design Center, which includes a full scale interior of a narrow-body Boeing Business Jet/Airbus Corporate Jet (BBJ/ACJ) VIP cabin, complete with fully-functioning seating, interior lighting, cabin management systems and an array of fabrics, veneers and interior layout floor plans.
August 23, 2012 · 114 Views
FL Technics Ulyanovsk, a subsidiary of the international aviation service provider Avia Solutions Group, has officially launched the construction of the new aircraft maintenance, repair and overhaul centre at the Port Special Economic Zone (PSEZ) in Ulyanovsk, Russia. FL Technics Ulyanovsk is the first resident company at the PSEZ to begin the construction of a major infrastructural project in the Ulyanovsk-Vostochny airport. The FL Technics Ulyanovsk project is currently underway and the company has planned the construction of the two brand new aircraft maintenance hangars (8000 m² each) for servicing both narrow and wide body aircraft, including Airbus А320, Boeing 737 Classic, Boeing 737NG, Boeing 777, Boeing 787, Bombardier CRJ 200, Sukhoi Superjet 100, as well as Boeing 747 and Airbus A380. The new $22m facility will feature a designated 3000 m² aircraft parking platform and the first hangar is expected to open its door for the customers in the beginning of 2015. The company is planning to establish up to 500 new workplaces for technical specialists at the facility. The new FL Technics technical base in Ulyanovsk will provide various MRO services, including A to D checks, engine and landing gear replacement, avionics and airframe modifications, flight hours inspection, Structure Maintenance, Component Maintenance and Interior Design-related services.
August 23, 2012 · 15 Views
British Airways Engineering, a leading Maintenance, Repair & Overhaul (MRO) provider, announced that its avionics subsidiary has achieved an important milestone for the company, having released over one million units since it was established in 1994. This equates to an average annual release rate of almost 52,700 units. The avionics team has been responsible for servicing avionics equipment for a wide variety of aircraft over its 18 years of existence. This has included iconic aircraft of the past, such as Concorde, as well as the latest generation of aircraft in service today. In order to increase the efficiency and scale of its operations, British Airways Engineering’s avionics subsidiary has introduced lean manufacturing processes and a culture of continuous improvement, changes which have been a major factor in today’s milestone. These operational efficiencies have contributed to avionics arisings (units released) increasing from 38,000 in 1994 to 80,000 in 2011.
August 23, 2012 · 69 Views
Mxi Technologies, a leader in aviation maintenance software, released that James Fitzgerald has joined the company as Vice President Sales, Americas. In this new role, Mr. Fitzgerald is responsible for strengthening Mxi’s presence and increasing market share in the Americas. This appointment coincides with Mxi’s increased business-focus on the region and the execution of go-to-market strategies for the Maintenix software product.
August 23, 2012 · 68 Views
HEICO CORPORATION reported that net income increased 13% to a record $23.1m for the third quarter of fiscal 2012, up from $20.4m for the third quarter of fiscal 2011. For the first nine months of fiscal 2012, net income increased 13% to $61.3m, up from $54.3m for the first nine months of fiscal 2011. Operating income increased 19% to $42.4m in the third quarter of fiscal 2012, up from $35.7m in the third quarter of fiscal 2011. For the first nine months of fiscal 2012, operating income increased 17% to $117.6m up from $100.9m in the first nine months of fiscal 2011. The Company’s consolidated operating margin improved to 18.8% in the third quarter of fiscal 2012, up from 18.1% in the third quarter of fiscal 2011. For the first nine months of fiscal 2012, the Company’s consolidated operating margin was 18.0% compared to 18.2% for the first nine months of fiscal 2011. Net sales increased 15% to $225.9m the third quarter of fiscal 2012, up from $197.7m in the third quarter of fiscal 2011. For the first nine months of fiscal 2012, net sales increased 18% to $654.9m up from $555.9m for the first nine months of fiscal 2011.
August 23, 2012 · 76 Views
Cirrus Aircraft reported that Cirrus SR20s and SR22s have been selected by Cassidian Aviation Training Services (CATS) in a public tender for the French Air Force and Navy. A fleet of 13 Cirrus SR20s will be dedicated for training pilots at the French air force base of Salon de Provence. An additional fleet of seven Cirrus SR22s will be dedicated to training flights of navigating officers arm systems (NOSA) and liaison flights, in particular to accompany the French Air Force’s aerobatic team. Through the agreement with CATS, another fleet of three Cirrus SR20s will be dedicated to the students of the Ecole Navale at the naval air station of Lanveoc Poulmic. CATS will be in charge of maintenance and airworthiness of all fleets. The transaction was handled by Cirrus France. Each aircraft delivered to the French Air Force will be equipped with the Cirrus Airframe Parachute System (CAPS), airbag seatbelts, Cirrus Perspective by Garmin avionics and all the active and passive safety systems and features that are standard on all Cirrus aircraft. Specific options such as UHF and G-Meter will also be equipped in the entire fleet.
August 23, 2012 · 75 Views
AWAS appointed Richard Sinclair as Vice President of Sales for the Asia Pacific region. Mr. Sinclair will report to Jon O’Connell Managing Director Asia Pacific Sales, and will be based in AWAS’ Singapore office. Richard joins AWAS from Capital Lease Aviation, a commercial aircraft leasing company where he was most recently its Chief Executive Officer responsible for overall strategic direction, as well as managing aircraft transactions from inception though customer delivery. Prior to this position, Mr. Sinclair was Finance Director of Aviation Plc, where in addition to having responsibility for the finance function, he played an active role in securing aircraft purchases and in negotiating lease transactions.
August 23, 2012 · 93 Views
GE Aviation has named Duncan Aviation as an authorized service center for GE’s CF34-3 engines that power the Bombardier Challenger series. Under this agreement, Duncan Aviation can perform line maintenance and engine maintenance, including front-end and hot-end entry, as well as provide OnPoint solution agreement and warranty support and facilitate access to both GE parts and technical support. “Duncan Aviation has more than 50 years of experience in the maintenance, repair and overhaul of business aircraft, and we are pleased to welcome the company to GE’s CF34-3 network of authorized service centers,” said Brad Mottier, vice president and general manager of GE Aviation’s Business & General Aviation organization. “In the last few years, GE Aviation has expanded its network of authorized service centers to ensure we can meet the needs of our growing customer base.”