Tuesday, July 26, 2011

AviTrader Daily Aviation News Alert

This is an overview of all articles linked within the selected daily newsletter.
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President Elect Trump slams Boeing’s Air Force One deal

December 6, 2016 · 144 Views

Before his inauguration, Donald Trump, the U.S. President Elect, is already creating waves over the current deal for Boeing to provide two new and modified 747s as Air Force One presidential jets. Boeing had set a budget of approximately US$3.2 billion to cover from 2010 through to 2020, US$2 billion of which was for research and development.
In 2015 the Undersecretary of Defense approved the plan to replace Air Force One with the new jets by 2024. In January and July this year, the Air Force signed deals with Boeing to design certain aspects of the new presidential aircraft, including the interior, electrical and power system, and maintenance systems. The two current Air Force One planes, VC-25s which are military versions of 747-200s, have been in service since 1990 when delivered to the then president, Ronal Reagan. Today the planes are described as “obsolete”.
On Tuesday of this week, President Elect Trump called for the cancellation of the deal with Boeing to develop new aircraft, citing different budget costs, but without providing any evidence. In a Tweet, he said: “Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!” after which he told reporters at Trump Tower, “The plane is totally out of control. It’s going to be over $4 billion for Air Force One program and I think it’s ridiculous. I think Boeing is doing a little bit of a number. We want Boeing to make a lot of money, but not that much money.”
According to Boeing, the current deal for Air Force one’s development is worth US$170 million, stating that “We look forward to working with the U.S. Air Force on subsequent phases of the program allowing us to deliver the best planes for the president at the best value for the American taxpayer.”
An Air Force spokesman has indicated that the military is preparing a statement on Trump’s outburst and why it believes the replacements are necessary. The Air Force had pledged to “keep costs down” when it awarded the initial development contract to Boeing in January, making it clear that the replacements were necessary. Col. Amy McCain, manager of the Presidential Aircraft Recapitalization program, said in a statement at that time: “Parts obsolescence, diminishing manufacturing sources and increased downtimes for maintenance are existing challenges that will increase until a new aircraft is fielded.”
According to Richard Aboulafia, an aviation analyst at the Teal Group, anything in the US$3 billion to US$4 billion range would be reasonable, and a belief otherwise is “completely ignorant.” He then went on to say that “This is the wrong place to talk about cost control. People aren’t upset in Washington about a relatively small program being canceled. They’re upset we have a president who doesn’t understand what is needed to be president.”


DVB finances a portfolio of five widebody aircraft for Guggenheim Aviation Partners

July 25, 2011 · 57 Views

DVB Bank reported the successful closing of two separate finance facilities with Guggenheim Aviation Partners (Guggenheim) for two A330-200 aircraft on lease to Jet Airways (India) and three B777-200ER aircraft on lease to American Airlines.
 
The finance facility for the two A330-200 aircraft on lease to Jet Airways closed in late March. Both aircraft were delivered new to Jet Airways in 2008 and were subject to a sale/leaseback with Guggenheim’s managed fund. The finance facility for three B777-200ER aircraft on lease to American Airlines closed in early June. The aircraft were originally delivered to American from 2000 to 2002 and were also subject to a sale/leaseback earlier this year with the Guggenheim fund. DVB Bank provided a back leveraging of this acquisition by the Guggenheim fund.


Avio presents new logo

July 25, 2011 · 50 Views

Avio looks to the future and, as a tangible sign of its thrust for innovation, adopts a new logo. The Group, a leader in propulsion systems, is involved in increasingly challenging industrial projects, such as the next generation aeroengines, expansion in the Chinese market and the Vega satellite launcher, to mention but a few. The new logo chosen for the renewal of its identity reflects the Company’s strong forward-looking attitude while providing a link to its extraordinary past.


B/E Aerospace second quarter 2011 results exceed expectations

July 25, 2011 · 72 Views

B/E Aerospace reported that second quarter 2011 revenues of $608.9 million increased $125.0 million as compared with the same period of the prior year. Second quarter 2011 results reflect the acquisitions of TSI Group, Satair A/S’s aerospace fastener distribution business and LaSalle Lighting (recent acquisitions). Revenue growth for the second quarter of 2011, excluding recent acquisitions from both periods, was approximately 12.8%. Second quarter 2011 operating earnings of $106.7 million increased 35.4% on the aforementioned 25.8% increase in revenues. Operating margin was 17.5% and expanded 120 basis points as compared with the prior year period. Operating earnings growth and operating margin expansion were driven by the higher sales volume, improved revenue mix and ongoing operational efficiency initiatives.  Second quarter 2011 net earnings were $54.8 million.


Southern Air signs ACMI agreement with Saudi Arabian Airlines

July 25, 2011 · 71 Views

Southern Air and Saudi Arabian Airlines have signed a definitive agreement under which Southern Air will operate one Boeing 747 freighter on behalf of Saudi Airlines Cargo on an ACMI basis (aircraft, crew, maintenance and insurance).  The aircraft will begin to be operated for Saudi Airlines Cargo in July 2011 and will be painted in its livery.


Phenom 300 receives type certification in Australia

July 25, 2011 · 106 Views

Embraer has received Type Certification (TC) from Australia’s Civil Aviation Safety Authority (CASA), for the Phenom 300 light jet to operate in the country. Frst certified in December 2009 by Brazil’s National Civil Aviation Agency (Agência Nacional de Aviação Civil – ANAC) and the U.S. Federal Aviation Administration (FAA), the Phenom 300 is now accepted in almost 40 countries including Indonesia, Austria, Denmark, France, Morocco, the United Kingdom, South Africa and the United Arab Emirates, amongst others.


Embraer Defense and Security chooses V2500-E5 engine for KC-390 Transport

July 25, 2011 · 60 Views

Embraer Defense and Security has selected the V2500-E5 engine, manufactured by International Aero Engines AG (IAE), to equip the KC-390 military transport jet. The first deliveries of the V2500-E5 engines for the KC-390 prototypes are scheduled for 2013, and the flight tests for 2014. The aircraft should go into service in 2015.


Rockwell Collins unveils touch-control flight displays for business jets and turboprop aircraft

July 25, 2011 · 53 Views

Rockwell Collins unveiled the industry’s first touch-control primary flight displays for business jets and turboprop aircraft, which will be available on future applications of the company’s Pro Line Fusion avionics system. The announcement was made at the 59th Annual Experimental Aircraft Association (EAA) AirVenture in Oshkosh.

“These displays demonstrate our focus on empowering pilots with natural head-up, eyes-forward interfaces,” said Colin Mahoney, vice president of Sales and Marketing for Rockwell Collins. “Touch-controlled, icon-based controls on the main displays help keep pilots’ attention focused up and forward for safer and more efficient flying.”


Messier-Bugatti-Dowty strengthens partnership with Airbus

July 25, 2011 · 124 Views

Messier-Bugatti-Dowty (Safran group) reported the extension of its supply relationship with Airbus for the nose and main landing gears of the single aisle program to include the contract award of the A320neo family. As the incumbent landing gear supplier for the A320 family, Messier-Bugatti-Dowty will progressively offer enhancements to current single aisle landing gears starting in 2014, in order to ensure a seamless transition into A320neo family deliveries, scheduled for entry in service in 2015. Direct benefits to operators include greater reliability and an extended service interval of 12 years between overhauls.

To date, Messier-Bugatti-Dowty has delivered 4,800 landing gears for the A320 family. The company’s global industrial network delivers 38 shipsets per month to Airbus Final Assembly Lines in Toulouse, Hamburg and in China. Messier-Bugatti-Dowty supplies landing gear to all Airbus families in service or in development, including the entire A330/A340 family, A380 nose landing gear and A350-800/900 main landing gears.