Tuesday, June 21, 2011

AviTrader Daily Aviation News Alert - Paris Airshow special edition

This is an overview of all articles linked within the selected daily newsletter.
Please scroll down to read the articles…

Spain Postpones Aena IPO

October 31, 2014 · 32 Views

The Spanish government has postponed the IPO of airport operator Aena until the first months of 2015, two people with knowledge of the matter said.

State-owned Aena, which operates 46 airports in Spain as well as having interests in airports in Mexico, Colombia, Cuba, Angola and the UK, had been aiming for a share market debut on November 12.

But renewed doubts over the strength of Europe’s economic recovery and a flagging market appetite for new listings have blighted the prospects for a successful sale.

“The operation is postponed until a technical flaw that was identified can be resolved,” the source said on condition of anonymity. The “flaw” relates to a tender not being organised to pick an auditor to sign off the comfort letter needed for the prospectus.

A second source said a tender would be held shortly to pick an auditor.

The delay to the sale is a blow to the government ahead of a general election due next year and after some officials insisted as recently as this week that problems in preparing for the share offer would be resolved in days.

It also follows many months of laying the ground for the sale, including television and radio advertising the impending share offer to the public.

NEXT STEPS

Spain’s government now has a window of around six months to try and reactivate the Aena share offering, or else it faces starting from scratch at a later stage.

It had already provisionally placed 21 percent of the airports operator with three ‘cornerstone’ investors – Spain’s Corporación Financiera Alba fund, British fund TCI and infrastructure group Ferrovial.

The three are committed to going ahead provided the sale is completed by April 16 including the broader share offer.

The share offering had already experienced some hiccups, with Aena delaying the offer prospectus last week.

Company officials said at the time that the government was likely to give the go-ahead for the offer on October 31 but sources familiar with the matter told Reuters news agency that senior government officials were still divided on pricing and therefore whether the IPO should go ahead at all.

Alvaro Nadal, senior economic adviser to Spanish Prime Minister Mariano Rajoy, had earlier this week called the pricing range “more than reasonable”, while insisting there would be no going back on the privatisation.

Aena said on Thursday it was not aware of any suspension while the economy ministry, the treasury ministry, the public works ministry and Prime Minister Mariano Rajoy’s office all declined to comment.

The Spanish government had initially considered a EUR€5 billion (USD$6.3 billion) valuation for Aena. But the price at which the three anchor shareholders offered to buy into the airports operator valued it at between EUR€7.3 billion and EUR€8 billion, higher than originally anticipated and raising some concerns it could be seen as expensive.

A public body advising the government on privatisations last week outlined a preliminary price range implying an equity value of between EUR€6.2 billion and EUR€8 billion.

(Reuters)


Air France-KLM selects GEnx engines for Boeing 787 fleet

March 25, 2014 · 71 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.


ILFC closes $1.5bn senior secured term loan

March 7, 2014 · 50 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.


Airbus Commercial reports another year of financial improvement

February 26, 2014 · 50 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).


Boeing Commercial Airplanes reports full year revenue of $53bn

January 29, 2014 · 42 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.


A350 XWB in Bolivia for high altitude testing

January 9, 2014 · 37 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.


Firefly welcomes first ATR 72-600

July 5, 2013 · 40 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.


GE’s Passport engine begins first full engine test

June 26, 2013 · 24 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.


Rolls-Royce wins order from CIT to power 23 aircraft

May 22, 2013 · 20 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.


Aviation Partners Boeing confirms United order for 767-300ER Blended Winglets

June 20, 2011 · 7 Views

Aviation Partners Boeing (APB) confirmed that United Continental Holdings Inc., the parent company of United Airlines and Continental Airlines, has ordered Blended Winglets for its 767-300ERs. Initial installations of the systems, on 14 aircraft, are planned to commence in early 2012. With this order, United Continental Holdings becomes APB’s largest single customer having ordered more than 375 Blended Winglet systems to date. United Airlines or Continental Airlines has either been the launch customer for, or otherwise ordered, Blended Winglets for every Boeing commercial aircraft type that APB has certified its product for – in chronological order this includes the: 757-200; 737-800; 737-700; 737-900; 737-900ER; 737-500; 737-300; 757-300 and now the 767-300ER. APB estimates that United Continental’s investment in Blended Winglets is now saving the airline approximately $200 million per year in jet fuel costs.



TAECO opens sixth hangar in Xiamen

June 20, 2011 · 6 Views

Taikoo (Xiamen) Aircraft Engineering Company Limited (TAECO) opened its sixth maintenance hangar at Xiamen Gaoqi International Airport today. The US$73.5 million investment in the new hangar facilities underpins the Company’s confidence in serving the burgeoning demand for aircraft engineering services worldwide. The new 45,790 square-metre hangar is fully equipped to accommodate two wide-body aircraft, enabling capacity expansion by 20%.


PPG Aerospace launches OPTICOR advanced transparency material brand

June 20, 2011 · 13 Views

PPG Industries’ aerospace transparencies group is launching the brand name of its craze-resistant, high-performance aerospace transparency material at the Paris Air Show, where visitors can see a passenger-cabin window made with the unique plastic at the PPG Aerospace booth. OPTICOR advanced transparency material by PPG Aerospace is the first new transparent plastic developed in more than 50 years for aerospace applications, according to Anthony Stone, global director for new business development and innovations for transparencies.


GEnx TRUEngine program launches with Air India’s GEnx-1B engine fleet

June 20, 2011 · 11 Views

GE Aviation has launched its GEnx TRUEngine program on the GEnx-1B engine and granted TRUEngine designation to Air India’s GEnx-1B engine fleet. Air India has ordered GEnx-1B engines for its 27 Boeing 787-8 aircraft. Under a 2010 GE Branded Services Agreement (GBSA), Air India will be licensed to perform maintenance and overhaul work on the GEnx-1B engine, which means the carrier will follow GE-issued engine manuals, service bulletins and other maintenance recommendations.

Qualification for TRUEngine status is a two-step process that includes the customer declaration and a submittal of maintenance records to ensure the overhaul practices, spare parts and repairs used to service an engine are consistent with GE-issued engine manuals, service bulletins and other maintenance recommendations. The TRUEngine designation is available for the more than 1,300 GEnx engines on order.


Rolls-Royce completes $2.2 billion Trent order with TAM Airlines

June 20, 2011 · 11 Views

Rolls-Royce has concluded a contract worth up to $2.2 billion at engine list prices, with TAM Airlines of Brazil, to provide Trent XWB engines for Airbus A350 XWB aircraft. The order includes a 12 year agreement for TotalCare long-term services support. This is the first time TAM has ordered engines from Rolls-Royce and follows a previous announcement of the aircraft order made by Airbus. TAM has placed an order for 27 A350 XWBs.


Rolls-Royce to power enhanced Airbus A350-1000

June 20, 2011 · 9 Views

Rolls-Royce has signed an agreement to be the exclusive engine provider for an enhanced version of the Airbus A350-1000 aircraft. The new higher thrust version of the Trent XWB, which is the most advanced civil aircraft engine on offer, will deliver 97,000 lbs maximum thrust. The additional thrust will be achieved by the inclusion of new high temperature turbine technology, increasing the size of the engine core and advanced fan aerodynamics. This will help Airbus to offer increased range and capacity for the A350 -1000.  

As with the Trent XWB for the Airbus A350-800 and -900, the higher thrust variant of the Trent XWB is an engine specifically tailored for the aircraft it will power, the A350-1000. The higher thrust version for the -1000 will offer significant benefits in design and systems integration which will reduce fuel burn, life-cycle costs and environmental impact. Currently six Trent XWB engines are being tested and are delivering better than targeted results. Flight testing of Trent XWB engines is scheduled to begin later this year.More than 1,100 Trent XWB engines have been ordered by 36 customers making it the fastest selling member of the Rolls-Royce Trent engine family. The higher thrust variant of the Trent XWB is scheduled to run for the first time in mid-2014 and enter service in mid-2017.


Honeywell and Safran to create Joint Venture to launch new green aircraft taxiing system

June 20, 2011 · 11 Views

Honeywell and French aerospace leader Safran have signed a memorandum of understanding to create a joint venture company to deliver an innovative new electric green taxiing system for new and existing aircraft.  Honeywell and Safran expect it to be installed on new aircraft and retrofitted on to existing planes, beginning in 2016.

Taxiing burns a significant amount of fuel – current industry analysis indicates that the world’s short-haul aircraft consume 5 million tons of fuel per year during taxi operations.  The new electric green taxiing system offered by the Honeywell-Safran joint venture company will save customers up to 4% of the total fuel consumption — all while providing green benefits that significantly reduce the carbon and other emissions produced by taxiing at ground level.

Honeywell and Safran will leverage the plane’s Auxiliary Power Unit (APU) generator to power electrical motors in the aircraft’s main wheels without using main engines during aircraft ground operations, thereby cutting costs, emissions and reliance on fossil fuels.


Full-scale LEAP fan blade-out rig test yields outstanding results

June 20, 2011 · 10 Views

Testing of CFM International’s advanced 3-D Woven Resin Transfer Molding (3-DW RTM) fan is proceeding on schedule and the company is achieving outstanding results . In May, CFM completed a full-scale fan blade out rig test, simulating certification requirements for the proprietary 3-DW RTM technology.  The company has also completed extensive full-scale component tests, including bird ingestion testing with the same very positive results. Endurance testing of 3-DW RTM fan is also proceeding on schedule, with 3,500 of the planned 5,000 cycles completed.  The demanding test was designed to evaluate fan behavior within a real thermal and vibratory environment.  The results have been outstanding, meeting or exceeding all pre-test predictions.


Virgin America expands OnPoint solution agreement to new CFM56-5B engines

June 20, 2011 · 11 Views

Virgin America has expanded its existing 12-year OnPoint solution agreement to include its newly ordered 60 CFM56-5B engines that will power its A320 aircraft.  The expanded service agreement is valued at more than $320 million dollars over the life of the contract.

In addition Virgin America signed Rate per Flight Hour (RPFH) agreement with CFM International to support 60 LEAP engines the airline ordered to power its new Airbus A320neo aircraft. Under the terms of the comprehensive services and support agreement, which is valued at approximately $400 million over its 12-year term, CFM will guarantee engine maintenance costs on a dollar per engine flight hour basis. Virgin America is the launch customer for CFM’s advanced new engine scheduled to enter service on the A320neo in 2016.


Qatar Airways orders six 777-300ERs

June 20, 2011 · 10 Views

Qatar Airways announced an order for six Boeing 777-300ERs (Extended Range) airplanes at the international 2011 Paris Air Show. The order is valued at $ 1.7 billion at list prices.  Qatar Airways currently operates 25 Boeing airplanes: eight ultra-long range 777-200LRs (Long Range), 15 777-300ERs and two long-range 777 Freighters.  Qatar Airways has ordered GE90-115B engines to power these new airplanes. The engine deal is valued at more than $350 million list price.


Spanair steps up cooperation with Lufthansa Technik

June 20, 2011 · 11 Views

The Spanish airline, Spanair S.A., and Hamburg-based Lufthansa Technik AG are stepping up a successful partnership that dates back over 10 years. Lufthansa Technik will now provide technical support for the landing gears, thrust reversers and auxiliary power units (APU’s) for the airline’s 24-aircraft fleet of modern Airbuses to the
end of 2019. The relevant contracts have now been renewed and their scope increased.


Jazeera Airways expands CFM56-5B-powered A320 fleet with $80 million engine order

June 20, 2011 · 14 Views

Jazeera Airways has placed an order for CFM56-5B engines to power four brand new Airbus A320 aircraft scheduled to be delivered to the airline between 2012 and 2014.  The engine order is valued at $80 million at list price. Jazeera Airways, which began operations in October 2005, was the first carrier in the Middle East to operate this state-of-the-art engine.  Jazeera Airways,  based in Kuwait, serves the Middle East region with a fleet of 15 aircraft, including the four future deliveries.  The new aircraft will be used as part of the company’s fleet modernization program.


GECAS signs order for 15 ATR 72-600

June 20, 2011 · 3 Views

GE Capital Aviation Services (GECAS) and European turboprop manufacturer ATR announced a new order for 15 ATR 72-600s, plus 15 options. The deal is valued at approximately $680 million at list prices, including options. This is a first-time ATR order for GECAS.


REVIMA APU signs APU repair support agreement with Cargoitalia

June 20, 2011 · 7 Views

REVIMA APU and Italian all-cargo flag carrier Cargoitalia signed an Auxiliary Power Unit (APU) support agreement to provide repair services to Cargoitalia’s aircraft fleet. The agreement covers repair services for TSCP700-4E APUs installed on MD-11 freighter airplanes operated by Cargoitalia. It also includes provisions for the lease of spare APUs and the repair of fieldremoved Line Replaceable Units (LRUs).


Cathay Pacific Airways signs OnPoint solution agreement with GE

June 20, 2011 · 11 Views

GE Aviation and Cathay Pacific Airways have reached a 15-year OnPoint solution agreement for the maintenance, repair and overhaul of the airline’s GE90-115B engines that power its additional 18 Boeing 777-300ER aircraft.


LAN Airlines selects CF6 engines to power Boeing 767 aircraft

June 20, 2011 · 11 Views

LAN Airlines has selected GE’s CF6-80C2 engines to power its 14 firm Boeing 767 aircraft with option for an additional four aircraft. The firm engine order is valued at more than $400 million list price. Deliveries will begin later this year.


AWAS delivers new A320-200 aircraft to Frontier Airlines

June 20, 2011 · 9 Views

AWAS has delivered a new Airbus A320-200 to Frontier Airlines, an operating unit of Republic Airways Holdings, Inc., headquartered in Indianapolis, Indiana. This latest delivery is one of three A320 aircraft delivered by AWAS this year and supports a major fleet optimization program launched by Frontier and its parent company, Republic Airways Holdings, Inc.


IBA announces further sales of A320 material from stage two lots of remaining Alitalia assets

June 20, 2011 · 3 Views

The International Bureau of Aviation (IBA) has completed additional sales of inventory material from the remaining assets of the old Alitalia operations.  This was the most substantial package of A320 rotable parts that IBA have offered for sale so far. The Lots were sold to AvTrade, following competitive bidding for a range of assets. Ben Jacques, Commercial Manager at IBA, commented “It’s great news for both the Receivers and the buyer, Avtrade, that this significant A320 inventory sale has been concluded. We are now moving towards the final phase of disposal of these assets, with more inventory soon to be offered for sale covering a broad variety of aircraft types.”


GECAS signs firm order for 60 Airbus 320neo aircraft

June 20, 2011 · 7 Views

GE Capital Aviation Services (GECAS),  signed a firm order for 60 Airbus 320neo Family aircraft at the 49th LeBourget airshow. GECAS has selected CFM’s LEAP-X engine for all 60 A320neo aircraft. The deal was announced  by Norman C.T. Liu, President and CEO of GECAS and John Leahy, Airbus Chief Operating Officer Customers. This new order brings the total number of A320 Family aircraft ordered by GECAS to 390.


Boeing signs orders and commitments for 17 747-8 Intercontinentals

June 20, 2011 · 7 Views

Boeing signed orders and commitments for 17 747-8 Intercontinentals.  Placed by two undisclosed customers, the combined deals are valued at $5.4 billion at list prices. One carrier has committed to 15 of the new passenger version of the 747-8 while another carrier placed an order for two.

“These orders for the 747-8 Intercontinental mark a major milestone for the program and demonstrate the market’s need for an airplane of its size and range,” said Jim Albaugh, president and CEO, Boeing Commercial Airplanes. “It will play a valuable role in further growing these carriers long-haul route networks.”

The orders bring the 747-8 Intercontinental total backlog to 50 firm aircraft, plus five from a commitment from Air China contingent on Chinese Government approval.  It also brings the total 747-8 backlog, including 76 747-8 Freighters, to 126.


GECAS and Embraer reach agreement for two E-Jets

June 20, 2011 · 10 Views

GECAS have reached an agreement to amend its original sales contract with Embraer for the acquisition of two more EMBRAER 190s. The announcement was made at the Paris Air Show. Delivery of the first aircraft is scheduled for the fourth quarter of 2012.


Boeing and Air Lease Corporation sign agreement for up to 33 Airplanes

June 20, 2011 · 5 Views

Boeing released that Air Lease Corporation (ALC) will purchase up to 33 airplanes. The agreement calls for 14 firm orders and four options for Next-Generation 737-800s, as well as five 777-300ERs (Extended Range) and four 787-9 Dreamliners. ALC also agrees to exercise options on six airplanes from last year’s 60 737-800 order.


SAS places an order with Airbus for 30 Aircraft powered by LEAP engines

June 20, 2011 · 11 Views

SAS has placed an order for 30 Airbus A320neo with an option of an additional 11 Airbus A320neo with first delivery from the second half of 2016 and final delivery during 2019. SAS has selected CFM International’s advanced LEAP engine to power these 30 new Airbus A320neo aircraft scheduled to begin delivery in 2016.  The engine order is valued at approximately $1.4 billion at list price. 

SAS, the multi-national carrier of Sweden, Norway and Denmark, operates scheduled flights to nearly 100 destinations throughout Scandinavia, Europe, Asia, and the U.S. with a fleet of 138 aircraft.  The SAS fleet includes 84 CFM-powered aircraft and owns a total of nearly 190 CFM56 engines.


Boeing and AVIC to open Manufacturing Innovation Center in China

June 20, 2011 · 13 Views

Boeing and Aviation Industry Corporation of China (AVIC), China’s largest state-owned aviation company, will open the AVIC-Boeing Manufacturing Innovation Center (MIC) in Xi’an, Shaanxi Province, China. Geng Ruguang, executive vice president of AVIC, and Ray Conner, vice president and general manager of Boeing Commercial Airplanes Supply Chain Management & Operations, signed the agreement on behalf of their respective companies. The AVIC-Boeing MIC will enhance Boeing’s production system by increasing AVIC’s efficiency and capacity to supply high-quality parts for Boeing airplanes. The MIC will also support AVIC’s goals of improving its manufacturing and technological capabilities and the competiveness of its affiliated factories to achieve global Tier-1 supplier status. It was also announced today that Boeing has awarded a contract to produce 737 rudders to Chengfei Commercial Aircraft Co. (CCAC), an AVIC company located in Chengdu, China. That contract will serve as the initial work statement for the MIC.


Aircelle signs nacelle services agreement with SIA Engineering Company

June 20, 2011 · 7 Views

Aircelle, Safran group, has expanded its global maintenance network into Asia Pacific Region through an agreement with SIA Engineering Company Limited (SIAEC) for the repair, overhaul and services of Aircelle engine nacelles of SIA’s fleet and related operators, as well as other legacy customers of SIAEC. This Services agreement combines the nacelle OEM (Original Equipment Manufacturer) and MRO (Maintenance Repair and Overhaul) expertise of Aircelle in its wide range of OEM Nacelle systems and products, together with services support from SIAEC’s extensive MRO capabilities at its facilities in Singapore.


Pratt & Whitney and ILFC finalize agreement for PurePower PW1100G engines

June 20, 2011 · 10 Views

Pratt & Whitney and International Lease Finance Corporation signed a definitive agreement concerning engines for up to 100 Airbus A320neo family aircraft ordered by International Lease Finance Corporation (ILFC) as part of an order announced in early March. The agreement includes 120 firm PurePower PW1100G engines for 60 aircraft and options for up to 80 engines on an additional 40 aircraft with deliveries which may occur as early as 2015.


Onur Air selects Pratt & Whitney EcoPower engine wash

June 20, 2011 · 12 Views

Onur Air signed a three-year exclusive agreement for Pratt & Whitney’s environmentally friendly EcoPower engine wash service for its fleet of A300, A320 and A330 aircraft. Under the agreement, Saudia Aerospace Engineering Industries, the technical arm of Saudi Arabian Airlines, will provide the service at its EcoPower service center locations in Jeddah and Riyadh, Saudi Arabia. Pratt & Whitney Global Service Partners will also provide washes at various EcoPower service center locations.


Bryan Moss joins Guggenheim Partners

June 20, 2011 · 15 Views

Guggenheim Partners released that Bryan Moss, former President of Gulfstream Aerospace Corporation, has joined the firm as Chairman of its Business Aircraft Investments activities. Moss will assist in expanding the firm’s dedicated business aircraft investment activity as it seeks global investment opportunities.


Innovative Solutions & Support’s Flat Panel Display System for B757 receives EASA STC

June 20, 2011

Innovative Solutions & Support, reported that the European Aviation Safety Agency (EASA) issued a Supplemental Type Certification (STC) for use of its Cockpit/IP Flat Panel Display System (FPDS) on B757-200 and B757-300 aircraft. This receipt of an EASA STC for B757 aircraft complements the existing supplemental Type Certificates issued by both the Federal Aviation Administration (FAA) and Transport Canada. The Innovative Solutions & Support Flat Panel Display System is in revenue service on more than 100 B757/B767 aircraft including European launch operator Icelandair.


P&W to provide PW1200G engines on Mitsubishi Regional Jet order from ANI Group

June 20, 2011 · 11 Views

Pratt & Whitney will provide power for 5 firm Mitsubishi Regional Jet aircraft ordered by ANI Group Holdings as part of a contract announced at the Paris Air Show. The agreement represents 10 firm PW1200G engines for the aircraft with a PureSolution maintenance service agreement.  Deliveries are scheduled to start in 2016.


Air Astana signs two contracts with A J Walter Aviation

June 20, 2011 · 6 Views

Air Astana, the national carrier of Kazakhstan, has awarded a multi-year power-by-the-hour contract for its growing fleet of Airbus A320 family aircraft to A J Walter Aviation.  At the same time Air Astana has also extended its B757/767 PBH support agreement with AJW.


HyperMach Europe Aeronautics plans to manufacture new supersonic aircraft ‘SonicStar’

June 20, 2011 · 4 Views

Richard Lugg the Chairman of HyperMach launched a revolutionary new Supersonic Business Jet called SonicStar. HyperMach’s new supersonic aircraft SonicStar incorporates revolutionary aerodynamics and propulsion technology to overcome the environmental and economic challenges that have stopped the development of supersonic aircraft in the past. SonicStar will achieve the speed of Mach 3.5, while meeting requirements for high thrust to weight ratio engine designs, reduced emissions and the dramatic reduction of sonic boom overland. 

Richard Lugg commented: ‘I’ve made it my life’s work to make this dream a reality. Now, in 2011, we have access to revolutionary engine technology, and a unique, very high speed aircraft design to make this kind of earth-shatteringly fast air travel possible. And we have a date: our plan is to build and fly the world’s first very high speed supersonic hybrid aircraft by June, 2021’

The propulsion system for SonicStar is a new Hybrid engine, S-MAGJET 4000X designed by HyperMach’s engine partner SonicBlue. It is over 30% more fuel efficient then the Rolls Royce 593 Engine in Concorde. This is record breaking technology for a supersonic engine design. The 54,700 thrust class S-MAGJET engine is optimized to fly the HyperMach SonicStar aircraft at 62,000 ft, at a specific fuel consumption below 1.05 at Mach 3.5, this performance will be unprecedented and will welcome in a new era of the future of aerospace transport.

The UK Department of Trade and Industry have agreed to support the company in the UK, as we establish and grow the strategic Global Headquarters for the commercial engine development and manufacture of S-MAGJET 4000X.


Bristol Associates sell two B737-524s

June 20, 2011 · 10 Views

Bristol Associates (Washington, DC) completed the sale of two B737-524s (MSNs 28900/28914; Reg. #s N14653/N14639) on behalf of the Seller, Continental Airlines, to BLF Ltd (Bermuda) as Buyer. The aircraft will be operated by UTAir (Russia).