Tuesday, March 27th, 2018



EME Aero acquires building site on Jasionka, Poland

EME Aero (Engine Maintenance Europe), a joint venture of Lufthansa Technik AG and MTU Aero Engines AG, has officially acquired the building site in Poland’s Aviation Valley near Rzeszów airport for a planned maintenance shop which will be one of the most advanced maintenance facilities in the aerospace industry. Between them, the two companies intend to invest a total of approximately €150 million in the region by 2020.

EME Aero is due to be up and running by 2020 and will have approximately 800 employees. The planned annual capacity is for over 400 shop visits of PW1000G-series geared turbofan engines, which power the Airbus A320neo family of air-craft and other airliners.

According to Derrick Siebert, EME Aero CEO: “We have made a big step forward in our project of providing maintenance for an entirely new generation of commercial engines in Europe. We are very pleased. All the more so as the location in Jasionka in Poland’s Aviation Valley offers us the optimum infrastructure for our new MRO company.” And Uwe Zachau, EME Aero COO, adds: “The acquisition of the land marks a key milestone for us. Now we can press ahead at full speed with the construction of the new joint shop.”

MTU Aero Engines is already established in Poland. MTU Aero Engines Polska, a subsidiary of MTU Aero Engines, opened shop in 2009 and will be located in close proximity to the new building. The Polish subsidiary carries out development and production activities and is responsible for the assembly of the low-pressure turbine for PW1000G-series engines.

For Lufthansa Technik, the new JV is the second big move to ramp up its activities in Poland. In September 2017, building began in Środa Śląska for its joint venture company with engine manufacturer GE Aviation that will overhaul GEnx-2B engines and, at a later date, GE9X engines.

FLC Group selects up to 24 A321neo for Bamboo Airways

Vietnam’s FLC Group has signed a Memorandum of Understanding (MOU) with Airbus for up to 24 A321neo aircraft for future operation by start-up carrier Bamboo Airways.

Bamboo Airways is set to begin operations in 2019 with aircraft on lease from third party lessors before taking delivery of the aircraft covered by this latest MOU with Airbus.

The carrier will focus on linking international markets to Vietnamese leisure destinations, as well as on selected domestic routes.

FLC Group is one of the largest conglomerates in Vietnam and is involved in a wide range of businesses including real estate development, hotel construction and management, financial services, and mining. Bamboo will in particular serve destinations where FLC Group has heavily invested in tourism infrastructure.

Pratt & Whitney and AAR renew agreement for global support of P&W’s military Auxiliary Power Units

AAR has renewed its agreement with Pratt & Whitney’s (P&W) Auxiliary Power Unit (APU) business to stock and distribute APU hardware to the U.S. and foreign governments, including their component repair vendors.

Eric Young, Senior Vice President of AAR OEM Aftermarket Solutions."This renewed agreement reflects the hard work and focus AAR invests in servicing P&W’s customers.” "Pratt & Whitney is pleased to extend its relationship with AAR," said Dave Stagney, Senior Director, APU Programs. "AAR provides a significant service to both P&W and P&W’s customers in ensuring timely product availability in the APU market.”

FAA & EASA AML STC approved for UASC ATN B1 module

Universal Avionics has reported that FAA and EASA sign-off for Authorized Dealer, Chicago Jet Group's amendment of their AML STC to include the ATN B1 Module for the UniLink® UL-800/801 Communications Management Unit. Transport Canada and ANAC approvals are imminent.

Operators can now upgrade for Aeronautical Telecommunications Network Baseline 1 (ATN B1) CPDLC and Context Management functions required for the February 5, 2020 European mandate, formerly known as Link 2000+.

RUAG reports growth in sales and order backlog but lower profit

RUAG has reported net sales of CHF1,955m (previous year: CH 1,858m) and once again topped its record prior-year performance – this time by 5.2%.

However, the international technology group was unable to uphold last year’s record result. Earnings before interest and taxes (EBIT) fell to CHF119m (CHF151m) and net profit to CHF89m (CHF116m). The order backlog at the end of 2017 was a high CHF1,607m (CHF1,556m).

RUAG is proposing that a dividend of CHF40m (CHF47m) be paid to the Swiss Confederation.


Boeing delivers world's first 787-10 Dreamliner to Singapore Airlines

Boeing and Singapore Airlines announced the delivery of the first 787-10 airplane, the newest and largest member of the Dreamliner family and a jet that will set a new global standard for fuel efficiency.

Like the other 787 Dreamliners, the 787-10 is designed with strong, lightweight composites, the most advanced systems, and comfortable cabin features. The 787-10, though, features a longer fuselage which allows it to carry about 40 more passengers or a total of 330 seats in a standard two-class configuration. With the additional capacity, the 787-10 provides airlines the lowest operating cost per seat.

Singapore Airlines – through its subsidiary Scoot – already flies the 787-8 and 787-9 Dreamliners. With this latest delivery the group will be the first to operate all three Dreamliner models. Singapore Airlines has 68 additional Boeing widebody jets on order, including 48 additional 787-10s, and 20 of the new 777-9s.

Las Vegas McCarran International Airport renews contract with Rockwell Collins

Building on a 20-year relationship, Las Vegas McCarran International Airport (LAS) has renewed its passenger processing solutions with Rockwell Collins, adopting new passenger technologies that will advance its technological position well into the future.

“Our team is constantly evaluating the airport’s infrastructure and operations seeking ways to enhance customer service, maximize efficiencies and increase flexibility,” said Samuel Ingalls, assistant director of Aviation over Information Systems for McCarran. “Over the past two decades we have had great success in managing our soaring passenger volume through the implementation of common use processes and other cutting-edge technologies such as those provided by Rockwell Collins.”

With this contract renewal, Rockwell Collins will refresh 176 common-use self-service kiosks with new units to support the upgrade of Terminal 1, helping McCarran to maintain its position as one of the leading airports in North America.


All Nippon Airways finalizes order for two 777 Freighters

All Nippon Airways (ANA) has placed an order with Boeing for two new 777 Freighters valued at US$678m according to list prices.

While ANA is a major operator of the 777 passenger jet, it has grown its cargo operation with the medium-sized 767 Freighter. In adding the 777 Freighter ANA is expanding its cargo capabilities just as the air freight market keeps growing at historically high rates.

Last year, the global air cargo market grew 9 percent, more than double the long-term projected growth rate of about 4.2 percent. In January, the above-trend growth continued with an 8 percent increase in demand. Industry experts say the strong performance reflects global economic trade, fueled in large part by expanding e-commerce.

ANA says it plans to fly its new 777 Freighters on international routes, particularly to Asia, China, and North America. With this order, ANA will become the first airline in Japan to operate 777 Freighters.

IAI reports profit boost with net income of US$81 million

Israel Aerospace Industries, Israel's largest national military and civilian security defense company, has issued its consolidated financial statements for the year ended December 31, 2017.

The Company reported a notable growth in profits with net income of US$81m, coupled with a record scope of engagements in new transactions with customers totaling approximately US$5.8bn in 2017 and a growth in order backlog to US$11.2bn. Sales in 2017 totaled US$3.5bn. IAI's CEO: "the large increase in order backlog in the past year, at a scope of some US$ 2.2bn, is expected to be reflected in a significant growth in sales in the coming years". The Company's cash balances and liquidity amounted to approximately US$1.6bn, with positive cash flows from operating activities of US$301m.

Operating income in 2017 amounted to US$121 million (3.4% of sales) compared with an operating loss of US$105m in 2016 which mainly resulted from recording early retirement expenses in respect of employees following the signing of the growth agreement as explained above.

GEnx engines power Qantas 787-9 Perth to London historic flight

GE Aviation has reported that it powered the Qantas 787-9 with GEnx engines on its historic flight from Perth to London.

On Saturday evening, March 24, around 236 passengers took part in a major milestone in the aviation industry when QF9, taxied down the runway at Perth airport to take off for the first non-stop passenger flight to London - covering more than 9,000 miles with an approximate duration of 17 hours and 20 minutes.

These advanced technologies like carbon fiber composites, developed and tested over years at GE laboratories, have allowed GE Aviation's jet-engine-design team to reduce the engine weight by more than 180 kilos. "The efficiencies achieved through the GEnx engine can save Qantas and other airlines up to US$1.6 million per aircraft in fuel costs each year," says Max York CEO of GE Australia.

The GEnx's innovative combustor is not only fuel efficient-it also produces fewer emissions than previous engines in its class. The engines run 40% more quietly than previous technology and the turbulence- and vibration-smoothing systems on the Boeing 787 mean that its ride tends toward glide.

The Qantas decision in 2007 to select the GEnx engine for its Dreamliner fleet contributed to GE being the engine supplier of choice for Dreamliner customers over the past decade.



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The Road Ahead for Asset Management 2018
April 18, 2018 – Gibson Hotel, Dublin, Ireland

Technical Aspects of a Leased Asset 2018
June 5, 2018 – Jury’s Inn Hotel, Prague

Maintenance Reserves Seminar 2018
June 6, 2018 – Jury’s Inn Hotel, Prague

Engine Leasing Seminar
September 18, 2018 – Copthorne Tara Hotel, Kensington, London, UK

Transactional Support & Risk Management Seminar, London
September 19, 2018 – Copthorne Tara Hotel, Kensington, London, UK

Aircraft Economic Life Summit 2018
November 20, 2018 – Gibson Hotel, Dublin, Ireland
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