Thursday, April 26th, 2018



Ardian Sells stake in London Luton Airport - passenger numbers up from 9.7m to 15.8m

Ardian Infrastructure reported that it sold its 49% stake in London Luton Airport (LLA) to AMP Capital, the Australian specialist global investment manager.

Ardian acquired its stake in the airport in 2013 and in conjunction with airport operator Aena , invested over £160 million (US$222m) in the airport’s development. The result has seen passenger numbers increase from 9.7 million in 2013 to 15.8 million in 2017, thus making LLA one of the UK’s fastest-growing airports. The airport’s route network has substantially increased since Ardian and Aena joined forces. Today it serves more than 140 destinations across Europe, Asia and Africa. In addition, the airport has also seen the creation of 3,000 jobs, either directly or indirectly.

Of the deal, Mathias Burghardt, member of the Executive Committee of Ardian and Head of Infrastructure, said: “It has been great to see the growth and development of LLA over the last four and a half years. LLA is a perfect example of our strategy of developing airports through capacity expansion and improvement of passenger experience. Ardian’s strategy of working with industrial partners and actively manage assets delivers superior returns to our investors.”

TP Aerospace

Airbus and Rolls-Royce sign UltraFan engine integration collaboration agreement

Airbus and Rolls-Royce have signed a collaboration agreement for the integration of Rolls-Royce’s UltraFan® demonstrator for flight testing. The integration solutions demonstration will be co-funded by Clean Sky 2, the European Union research programme focused on developing technology to reduce emissions.

UltraFan is a scalable jet engine design suitable for widebody or single-aisle aircraft and offers a 25% fuel efficiency improvement over the first-generation of Rolls-Royce Trent engine.

One element of the UltraFan programme is planning for ground and flight tests and to support this, Rolls-Royce has signed an agreement with Airbus to provide both nacelle and engine/aircraft integration architecture and technology enablers.

Airbus’ integration solutions will play an important part in achieving the overall fuel efficiency improvement of higher bypass ratio engines such as UltraFan, through innovative architecture and associated technologies.

UltraFan features a new engine core architecture and lean-burn combustion system which will contribute to improved fuel burn efficiency and lower emissions, along with a carbon titanium fan blade system and composite casing which reduce weight. The engine also introduces a geared design to deliver efficient power at high-bypass ratios.

For Airbus, the project will enable it to fully integrate the overall powerplant system – composed of engine, pylon and nacelle – onto future long-range aircraft products, as well as facilitating scalability for future short-range aircraft. It will also build on Airbus’ expertise in advanced manufacturing technologies, such as high-deposition-rate additive manufacture, welded assembly and high production rate thermoplastics.

Boeing reports strong first-quarter results

The Boeing Company has reported first-quarter revenue of US$23.4bn reflecting higher commercial deliveries and mix, defense contract volume and services growth. GAAP earnings per share increased to US$4.15 and core earnings per share (non-GAAP) increased to US$3.64 reflecting strong performance across the company.

Commercial Airplanes first-quarter revenue was US$13.7bn reflecting higher deliveries and mix. First-quarter operating margin increased to 11.0%, reflecting strong operating performance on production programs.

During the quarter, Commercial Airplanes delivered 184 airplanes, including delivery of the first 787-10 Dreamliner to Singapore Airlines and delivery of the first 737 MAX 9 to Lion Air Group. The 737 program reached additional milestones during the quarter, including first flight of the 737 MAX 7 and firm configuration of the 737 MAX 10. The 737 program has captured over 4,400 orders since launch for the 737 MAX, including a recent order from Jet Airways for 75 additional airplanes.

Reflecting the strength of the cargo market, Boeing now plans to increase the production rate on the 767 program from 2.5 to 3 per month beginning in 2020. Development on the 777X program remains on track as production began on the first 777X fuselage for structural testing.

Commercial Airplanes booked 221 net orders during the quarter. Backlog remains robust with over 5,800 airplanes valued at $415 billion.


Axel Flaig new Chairman of the Advisory Board of Bauhaus Luftfahrt

Axel Flaig is new Chairman of the four-member Advisory Board of Bauhaus Luftfahrt. The Airbus manager succeeds Dr. Rainer Martens (MTU Aero Engines), who has held the position since May 2014. Martens ended his active career as Chief Operating Officer of MTU Aero Engines and consequently resigned from his position on the Supervisory Board of Bauhaus Luftfahrt. MTU Aero Engines is now represented by Lars Wagner. For Liebherr-Aerospace Lindenberg, Josef Gropper will return to the Advisory Board, who was already a member of the Board from September 2008 to November 2011. The representation of IABG Industrieanlagen-Betriebsgesellschaft by Prof. Dr. Rudolf F. Schwarz remains unchanged.

Turkish Airlines selects GEnx engines to power Boeing 787 Dreamliners

GE Aviation's GEnx-1B engines will power Turkish Airlines' 25 Boeing 787 Dreamliners and five options, which were ordered last month.

The airline also signed a 15-year TrueChoice™ Flight Hour agreement with GE for maintenance, repair and overhaul for the GEnx-1B engines ordered.

"The GEnx engine offers the optimum reliability, utilization and fuel efficiency of any engine on the Boeing 787 Dreamliner and will properly suit Turkish Airlines' needs as we continue to enhance our aircraft fleet with modern aircraft technologies," said M. İlker Aycı, Turkish Airlines Chairman of the Board and the Executive Committee.

Bristol Associates

GE and the U.S. Army conduct T901 Preliminary Design Review for Improved Turbine Engine Program

GE Aviation hosted the U.S. Army for the successful Preliminary Design Review (PDR) of the T901-GE-900 engine in early March. The T901 is GE Aviation's engine for the Improved Turbine Engine Program (ITEP), the U.S. Army's undertaking to re-engine its Boeing AH-64 Apaches and Sikorsky UH-60 Black Hawks. The PDR is a major milestone within the Technology Maturation and Risk Reduction (TMRR) contract, a $102 million, 24-month contract the Army awarded GE in September 2016.

The Army is in the process of down selecting to one engine manufacturer for the Engineering and Manufacturing Development (EMD) phase by the end of 2018. The U.S. Army Contracting Command (ACC), based at Redstone Arsenal in Huntsville, Ala., released its request for proposals for the EMD last November. GE Aviation submitted the first phase of the proposal in February and is currently preparing the second and final phase of its proposal based on the engine configuration reviewed at the PDR.

GE Aviation successfully completed a fit test with the Army this past December using a full-scale engine mockup. It demonstrated that the T901 engine seamlessly integrates with the Apache and Black Hawk airframes. GE's experience in powering these aircraft missions with the T700 engine over the past four decades has informed its development of the T901; it positions the Army and GE to make a smooth transition from the T700 to the T901.

GE has invested more than US$9bn in maturing commercial technologies applicable to the T901 and more than US$300m to develop and test turboshaft-specific technologies ahead of the PDR. GE funded and successfully completed testing a T901 prototype engine, as well as component tests. These company-funded investments demonstrate GE's commitment to providing only the most advanced technologies available to the Warfighter and the Department of Defense.

Air BP starts supplying fuel at Santos Dumont airport

Air BP, the international aviation fuel products and service supplier, has strengthened its presence in Brazil and will start supplying fuel at Santos Dumont airport (SDU/SBRJ).

Santos Dumont complements Air BP’s existing operations in Rio de Janeiro which include Galeão International airport (GIG/SBGL), Jacarepaguá (JCR/SBJR), Cabo Frio (CFB/SBCB) e Macaé (MEA/SBME). This is an important addition to Air BP’s network and comes in response to increased demand from the general and commercial aviation sectors.

Air BP is supplying Santos Dumont with Jet A-1 fuel and refuelling will be carried out by an Air BP team of aviation fuel experts. The airport will join Air BP network, now 900 strong.

Brazil is a key market for Air BP. The company markets fuel at 26 locations across the country providing fuel and services to general aviation, commercial aviation and military operations.

Santos Dumont is ranked the sixth busiest airport in Brazil based on passenger movements. In 2016, it handled over nine million passengers and currently serves predominately domestic routes.

Eirtech Technical

Joramco adds B787 C check capability

The Dubai Aerospace Enterprise (DAE) engineering division Joramco, has added Boeing 787 C check to its existing capabilities. This addition has been approved by the Jordanian Civil Aviation Authority (JCARC) and the Federal Aviation Administration (FAA).

Mr. Jeff Wilkinson, Joramco CEO commented: “Adding the B787 C check to the JCARC and FAA approvals is part of our ongoing efforts to develop Joramco’s airframe capabilities and expand our service offerings to our customers who are operating the next generation of aircraft”. Mr. Wilkinson added ”this will be the first of many new approvals Joramco is seeking”.

Japan Coast Guard bolsters fleet with additional H225 order

Airbus Helicopters has secured an additional order of one H225 helicopter from the Japan Coast Guard (JCG), bringing JCG’s H225 fleet to ten units.

JCG currently operates three AS332s and five H225s, both from the Super Puma family. With this new order, the customer’s Super Puma fleet will grow to 13 units by March 2021, becoming the largest Super Puma operator in Japan.

The new H225 will join the rest of the fleet in security enforcement, territorial coastal activities, as well as disaster relief missions in Japan.

The 11-ton-category twin-turbine H225 is the latest member of Airbus Helicopters’ Super Puma family which accommodates up to 19 passengers. Equipped with state-of-the-art electronic instruments and the renowned 4-axis autopilot system, the H225 offers outstanding endurance and fast cruise speed, and can be fitted with various equipment to suit any role.


Finnair reports first quarter profitable result

For the first time in ten years Finnair has achieved a profitable comparable operating result in the first quarter.

Revenue for the first quarter increased by 14.6% to €635.3m, compared to €554.4 in the first quarter 2017. Available seat kilometres (ASK) grew by 18.9% and passenger load factor (PLF) increased by 1.5 points to 82.9%.
Comparable operating result was €3.9m compared to €-9.0m in 2017. Operating result was €6.0m, compared to €-10.0m in the first quarter 2017.

Net cash flow from operating activities was €78.0m, compared to €23.9m in 2017 and net cash flow from investing activities was €-53.9m, compared to €145.1 the previous year.

Unit revenue (RASK) decreased by 3.6%. Unit revenue at constant currency decreased by 1.7%. Unit cost (CASK) decreased by 5.8%, and unit cost at constant currency excluding fuel decreased by 4.5%.

Hainan Airlines renews agreement with Sabre, supporting massive growth initiatives

Sabre Corporation has announced a renewed content distribution agreement with Hainan Airlines, reiterating Sabre’s added value as the airline fast-forwards growth and scales global operations.

Hainan Airlines has been a long-term strategic partner with Sabre, first adopting its innovative airline solutions over a decade ago with access to a broad, state-of-the-art suite of planning and scheduling technology to support its operations.

“We are pleased to continue this wide-ranging partnership with Hainan Airlines, who has made our innovative solutions, network and expertise an integral component of their business development plan. Sabre is well-positioned to support Hainan Airline’s fast-growing operations in one of the world’s most rapidly changing markets,” said Rakesh Narayanan, vice president air line of business, Sabre Travel Network Asia Pacific.




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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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