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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May 27, 2016 · 1379 Views
At a time when many European countries are looking to reduce indirect aviation taxes, many are shocked at the announcement that Norway will be introducing a passenger tax (flypassasjeravgift) of NOK80 this summer to be paid by departing passengers, whether on domestic or international flights. A4E, who since its inception has campaigned against such taxes in Europe, has condemned Norwegian authorities, with Managing Director Thomas Reynart saying: “We are astonished about the unwavering approach of the Norwegian authorities on implementing the Air Passenger Tax while almost all comments during the public consultation period contained objections to it. Instead of preventing economic growth and job creation by imposing unreasonable taxes, European governments should create a supportive regulatory environment.”
Reynart then added: “Unavoidably, the proposed tax will lead to fewer operators in the Norwegian aviation market and reduced competition. If already [sic] the Norwegian competition authority states that airports may have to consider ceasing their operations due to reduced traffic the government deliberately wants to stifle the travel sector.”
Based on IATA analysis, this new passenger tax risks reducing all-round demand for air transport by some 5%, which equates to approximately 1.2 million passengers annually. The tax would likely lead to a NOK1.4 billion reduction in both direct and indirect output of the aviation sector. It should be noted that as soon as the Italian government raised passenger taxes by €2.50 at Italian airports, a number of carriers repositioned their planes at airports outside Italy, thus damaging the Italian economy.
In the opposite side of the fence, when the Dutch removed their ticket tax in 2009 passenger numbers grew, while an 8% increase in tourism last year resulted from the Irish government’s abolition of the traffic tax and saw an immediate increase of 52% for the number of Northern Ireland residents flying out of Dublin. While the removal of a UK passenger duty (APD) would see a 1.7% boost to the British GDP, according to analysts, in Scotland alone APD is estimated to cost the economy over €90 billion in lost tourism by 2020 – one reason why it is about to be halved, before being removed completely. It is also estimated that the removal of ADP in Scotland would add €1.3 billion to the economy, while also helping to create 4,000 jobs.
July 25, 2011 · 54 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.
July 25, 2011 · 48 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.
July 25, 2011 · 68 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.
July 25, 2011 · 67 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.
July 25, 2011 · 93 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.
July 25, 2011 · 55 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.
July 25, 2011 · 50 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.”
July 25, 2011 · 119 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.