Daily2018-02-20
Follow-Us-Facebook
Follow Linkedin
Follow Twitter

LATEST NEWS

Thursday, April 23rd, 2020

Probe into Boeing-Embraer deal by EU antitrust regulators continues

On October of last year, the probe by European Union antitrust regulators into Boeing’s acquisition of the commercial aircraft arm of Brazilian Plane manufacturer Embraer came to a halt as it waited for the provision of additional documentation that had been requested. This so-called “stop the clock” intervention ended on April 7 this year after what is understood to be the provision of millions of documents.

EU antitrust regulators, according to the latest filing, have resumed their investigation into Boeing’s acquisition of the commercial aircraft arm of Brazilian planemaker Embraer, with a decision due by August 7. The principal concern with regard to the US$4.8 billion deal is that Embraer is currently the third-largest planemaker in a highly competitive commercial aircraft industry, especially in the single-aisle segment.

Embraer specializes in 70- to 120-seat jets and is in direct competition with the Airbus A220 program which was recently acquired from the Canadian plane and train manufacturer, Bombardier, but it’s acquisition by Boeing would subsequently see the market lose a competitor.

TRU_01

First two Cessna Citation Latitudes configured for flight inspection enter service

Textron Aviation has delivered the first two Cessna Citation Latitute aircraft configured for flight inspection missions. The aircraft were delivered to Kanematsu Corporation and will be owned and operated by the Japan Air Self-Defense Force (JASDF) to ensure the integrity of instrument approaches and airway procedures that constitute the national airspace of Japan. A third aircraft is anticipated to deliver in early 2021.

Fitted with UNIFIS 3000 Flight Inspection System equipment from Norwegian Special Mission (NSM), the aircraft will provide flight inspection missions through the periodic evaluation of navigational aids, such as flight procedures and electronic signals, to ensure they are safe and accurate. The aircraft will be operated by the Flight Checker Squadron, a JASDF unit based at Iruma Air Base in Saitama Prefecture north of Tokyo.

STS Aviation Services completes FOMAX modification program for easyJet

STS Aviation Services (STS) has completed its long-running program to implement FOMAX modifications to easyJet’s fleet of aircraft. Since the partnership with easyJet began, the company has delivered 39 aircraft with a TDR of 96% based on planned hours. And while aircraft came in for specific tasks, STS Aviation Services was able to ensure that 75% of all easyJet aircraft left its facility with no carry-forward items.

Malcolm Welsby, Chief Technical Officer for STS Aviation Services, said: “Customer success lies at the core of everything we do here at STS Aviation Services. And when you bring together a leading MRO and an airline focused on efficiency, safety and customer satisfaction, the possibilities to create increased value are endless.”

ROY_04

Václav Havel Airport handles more than 40 special cargo flights with medical supplies on board in a month

Václav Havel Prague Airport remains open for all arrivals and departures. Thanks to this fact, a total of 44 special cargo flights with medical supplies were able to land there since March 20, 2020, when the first aircraft with medical supplies on board landed in Prague.

More than 1,200 tons of medical aid in total has already reached the Czech Republic. The total volume of cargo handled at Prague Airport, including regular cargo routes, has increased by 26.5% year-on-year during this period. Since March 18, 2020, Prague Airport has also handled a total of 33 arrivals and departures of repatriation flights with passengers on board. More than 3,600 passengers, mostly Czech citizens returning home to their families and loved ones from abroad, have arrived in the Czech Republic aboard those flights. Moreover, approximately 900 foreign nationals have been able to travel back home from the Czech Republic this way.

Ola Hansson to become new CEO Lufthansa Hub Munich

As of May 1, Ola Hansson, currently CEO and Managing Director Operations Lufthansa Aviation Training, will take over responsibility at Lufthansa Airlines' Munich hub. He will be responsible for commercial management, station management, ground infrastructure and the operational processes in the cockpit, in the cabin and on the ground at the Munich hub.

Ola Hansson succeeds Wilken Bormann, who, as part of the new distribution of responsibilities on the Lufthansa Group Executive Board, will assume responsibility for Lufthansa Group Finance. This includes the areas of accounting and balance sheets, taxes and corporate finance. The current, exceptional situation of the Lufthansa Group in the wake of the corona-crisis makes it necessary for Wilken Bormann to focus his entire attention on these issues.

VAS_01

Lockheed Martin posts US$1.7 billion net earnings in first-quarter 2020

Lockheed Martin Corporation has reported first quarter 2020 net sales of US$15.7 billion, compared to US$14.3 billion in the first quarter of 2019. Net earnings in the first quarter of 2020 were US$1.7 billion, compared to US$1.7 billion in the first quarter of 2019. Cash from operations in the first quarter of 2020 was US$2.3 billion, compared to cash from operations of US$1.7 billion in the first quarter of 2019.

"As we confront the challenges introduced by the global pandemic, our corporation remains focused on providing vital national security solutions for our customers while maintaining a safe and healthy environment for our employees," said Lockheed Martin chairman, president and CEO Marillyn Hewson.

ASI_02

Stevens Aerospace to relocate to facility in Smyrna, Tenn.

SIn response to strong customer support and consistent business growth at its Nashville facility, Stevens Aerospace has announced the company will be relocating its operation to nearby Smyrna Airport (MQY). Located just 12 miles from its current location, and still only minutes to downtown Nashville, the Stevens hangar will be part of the Hollingshead Aviation FBO campus.

On May 4, Stevens will begin inputting work into the Smyrna location. Constructed in 1938, the current BNA hangar has been home to Stevens’ Nashville operation since 1989. The company expects to be completely transitioned out of the BNA facility by June 30.

SFR_02

Austrian Airlines presents plan for new start after coronavirus-crisis

On April 18, the Executive Board of Austrian Airlines has presented its “Plan for a New Start” after the coronavirus-crisis to the Supervisory Board. The plan was outlined to the airline’s 7,000 employees within the context of a digital information event.

In order to adjust capacity to the changed demand from Covid-19, Austrian Airlines has decided to make some fleet changes. In addition to the phase-out of the original 18 Dash turboprops, which was decided and started in 2019, all seven A319 jets and three of the six B767s are to be retired by 2022. The Boeing 767 aircraft are OE-LAT, OE-LAW and OE-LAX, which are among the oldest aircraft in the fleet with an average age of 28 years. The other three B767s are between 19 and 21 years old. The entire fleet currently has an average age of 15.4 years. By phasing out older aircraft, the age will decrease to 14.6.

The entire Austrian Airlines fleet currently numbers around 80 aircraft. The phase-out of the turbo-prop fleet and the phase-in of A320s would have reduced the fleet to 70. The restart plan now envisages a fleet of around 60 aircraft in 2022, nine of which will be long-haul aircraft. The adaptation of the fleet is to take place in stages. Since it is mainly smaller aircraft that are being decommissioned, this corresponds to a capacity reduction of around 20%.

Despite the reduction of the fleet, as many jobs as possible are to be maintained. Appropriate talks are already underway with the works councils. "We got into this crisis through no fault of our own. Now it is our responsibility to make Austrian Airlines fit for the future after Corona. We want to retain our long-haul hub, even if we have no other choice for the time being but to adapt to the somewhat smaller market. Being fit for the future also means that we must be in a position to finance our aircraft, charges, wages and investments, and of course also to repay any charges and loans from Corona grounding," emphasizes Austrian Airlines CEO Alexis von Hoensbroech.

BAG_04

Ronbinson Helicopter Company delivers six helicopters to Hunan, China

Robinson Helicopter Company has delivered three R44 Cadets and three R22 helicopters to Robinson dealer General Aviation Services of Hunan, China. This marks the first delivery of an R44 Cadet to China.

All six helicopters were ordered on behalf of YiFei General Aviation Company which specializes in helicopter management, operation, and training. YiFei has been using Robinsons since 2016 and has decided to purchase additional R22s and the R44 Cadets, bringing its current Robinson fleet to nine.
AviTrader_Weekly_Headline_News_Cover_2020-04-20

click here to download the latest PDF edition

AviTrader_Monthly_MRO_e-Magazine_Cover_2020-04

click here to download the latest PDF edition

click here to subscribe to our other free publications

AIRCRAFT & ENGINE MARKETPLACE

click here to view in PDF aircraft and engines available for sale and lease

Follow Twitter
Follow Linkedin
Follow-Us-Facebook
Interested in advertising with AviTrader?

Tamar Jorssen
Vice President Sales & Business Development
Email: tamar.jorssen@avitrader.com
North America Toll-Free: +1 (833) 258 8543
Outside North America: +1 (788) 213 8543
Tamar