Thursday, August 2nd, 2018



All 103 onboard Aeromexico Durango to Mexico City flight survive devastating crash

Remarkably, all 103 passengers and crew onboard Aeroméxico Connect Flight 2431 from General Guadalupe Victoria International Airport, Durango State bound for Mexico City have survived a major crash in which the plane was completely destroyed. The accident happened at approximately 3.45pm local time in what has been described as stormy weather conditions.
Early reports indicate that it was just after the point of take off from the high-altitude airport in Durango State that the plane was struck by high winds, which forced it to lose speed and hit the ground with its left wing, subsequently detaching both engines.
As the plane skidded further along the runway, this allowed sufficient time for escape slides to be deployed, enabling all passengers and crew to escape before the jet caught fire. The plane came to a standstill in a field approximately 500 meters beyond the end of the runway.
Of the 99 passengers and four crew members two, including one of the pilots, were severely injured, though those injuries are not believed to be life threatening. While everyone on board was taken to local hospitals, Aeromexico confirmed that 64 of the passengers had subsequently been discharged by this morning.
The plane, an Embraer 190AR acquired by Aeroméxico Connect in 2014, was destroyed by fire which ripped through the aircraft shortly after the crash happened. In a statement issued by the manufacturer, Embraer confirmed that technicians had already been dispatched to the crash site and stated that it was: "aware of the accident. The Company stands ready to support the investigating authorities."


Transport Canada certifies 90-seat cabin configuration for Bombardier’s Q400 aircraft

Bombardier Commercial Aircraft has released that its 90-passenger Q400 aircraft configuration has received its certification from Transport Canada, becoming the first in-production commercial turboprop to reach that capacity.
“With increasing growth in the number of passengers per departure in the turboprop market, we are excited to offer our customers a higher-capacity configuration and 15% lower cost per seat compared to the previous standard Q400, leading to more profitability potential for airlines,” said Todd Young, Head of the Q Series Aircraft Program, Bombardier Commercial Aircraft. “This milestone certification showcases the unique versatility of the Q400 turboprop and our continued commitment to the evolution of the program.
“Upon delivery later this year, our launch customer SpiceJet will become the first airline to take advantage of the profitable and efficient operations of the 90-seat Q400 aircraft following its order of up to 50 in 2017,” added Mr. Young.
Combined with the Q400 aircraft’s unique speed flexibility, which is driving higher scheduling efficiency, this new segment solution is perfectly adapted to high-demand turboprop markets and will further enhance economic connectivity between smaller towns and major hubs.

Boeing to establish new Aerospace & Autonomy Center

Boeing has announced plans to open the new Boeing Aerospace & Autonomy Center in Cambridge, Mass., becoming the first major tenant of the Massachusetts Institute of Technology's (MIT) new mixed-use district in Kendall Square.
Under the agreement, Boeing will lease 100,000 ft² of research and lab space inside a new 17-floor building at 314 Main Street in Cambridge. The new center will house employees from Boeing and subsidiary Aurora Flight Sciences, who will focus on designing, building and flying autonomous aircraft and developing enabling technologies.
The investment in the new center follows the recent creation of Boeing NeXt. This new organization unites researchers and projects across the company to shape the future of travel and transport, including the development of a next-generation airspace management system to enable the safe coexistence of piloted and autonomous vehicles. Employees at the center will help develop new technologies in support of Boeing NeXt programs.
The construction of the new research facility is part of MIT's broad strategy to foster vibrancy and diversity in Kendall Square, which is often referred to as the most innovative square mile in the world. Through its Kendall Square Initiative, the university will develop six buildings to house a blend of lab and research, office, housing and retail space.


First MRO shop for MTR390-Enhanced engine powering Tiger helicopter obtains approval

MTU Turbomeca Rolls-Royce ITP GmbH (known as MTRI), jointly with its partners MTU Aero Engines, Safran Helicopter Engines, Rolls-Royce and ITP Aero, approved AIA Bordeaux (Atelier Industriel de L’Aéronautique de Bordeaux) as the first MTR390-Enhanced MRO shop.
At the facility in France, all variants of the MTR390 family of engines, which power the Tiger combat helicopter, will be maintained in the future, especially so the propulsion systems operated by the French Armed Forces. As of now, the first helicopters powered by MTR390-E engines, too, can be repaired and overhauled on site. Back in January this year, MTRI already awarded AIA Bordeaux the certificate as an approved shop for Line Replaceable Units (LRUs). The facility overhauls these LRUs on site for all participating nations. Approval of yet another MTR390 MRO shop, based in Spain’s Albacete, is scheduled for April 2019. In both instances, MTU takes care of the project management.
Following a four-year project phase for setting up the two service centers in Bordeaux and Albacete, the first, French facility obtained approval even four months ahead of schedule last week, thanks to a dedicated team effort of all MTRI partners involved in the procurement of the infrastructure and of the materials, to the ambitious schedule planning for employee training, and a fast closure of audit findings and of the qualification and validation of the standard processes. From now on, the shop has the capability to provide the whole range of services for the entire engine.

Turkish Technic and TAROM sign component repair and supply contract

Turkish Technic and TAROM Romanian Air Transport, have signed an agreement for the repair and supply of components for TAROM’s Airbus A318 aircraft fleet. The agreement will be effective till 2023.
The contract comprises component supply and repair on Part Number basis. The repair work and services will be supplied from Turkish Technic’s Istanbul main base and supply stations throughout the world.

TP Aerospace

All Lufthansa Group airlines achieve substantial growth in the first half of 2018

The Lufthansa Group has increased its total first half-year revenues by 5.2% in 2018, excluding the impact of the first-time application of the IFRS 15 accounting standard.
The Group reported total first half-year revenues amounted to €16.9 billion, broadly in line with the prior-year level. Traffic revenue for the first six months totaled €13.2 billion, which, excluding the first-time impact of IFRS 15, represents an increase of 7.0%. Adjusted EBIT – the key profit metric of Lufthansa Group – was roughly at its prior-year level at €1,008 million. Adjusted EBIT margin amounted to 6.0% (compared to 6.1% in the first half year of 2017).
Net income for the period also remained broadly stable at €677 million (prior-year period: €672 million).
The airlines’ performance was the key driver of the Group’s results in the first half year. Some 67 million passengers were carried, a new record for the period. Capacity, volumes sold and seat load factor were also all at new record highs. The biggest driver here was the Network Airlines, with both Lufthansa German Airlines and SWISS making positive earnings contributions by achieving not only higher unit revenues but above all substantial reductions in their unit costs.
First half-year fuel costs rose by EUR 216 million to €2.8 billion. The increase is attributable to both the higher volumes and a higher fuel price.
The Network Airlines’ focus on sustainable cost reductions and revenue growth was reflected in their earnings results for the first half-year period. Reported total revenues declined 3.9% to €10.7 billion. However, excluding the effect of the first-time application of IFRS 15, the Network Airlines’ total first half-year revenues increased 3.2% on the same period last year. Unit revenues (excluding currency factors) were also up 1.4%, thanks to higher load factors and improved yields, with North Atlantic and European routes seeing particularly strong customer demand. Adjusted EBIT increased by 25.6% to €951 million. And Adjusted EBIT margin improved accordingly, rising 2.1 percentage points to 8.9%.

Beach Aviation Group

AirFrance-KLM operating result down €241 million in 2nd quarter

In the second quarter 2018, the Air France-KLM Group realized an operating result of €345 million, down by €241 million compared to last year.
This decrease is mainly explained by the strikes at Air France with a negative impact of around US260 million, the fuel price increase and currency headwinds having been partly offset by higher unit revenues. Unit revenue contributed positively with €121 million and unit cost showed a negative effect of €129 million, both including strike-related effects.
The fuel bill including fuel hedging amounted to €1,184 million, up €24 million, and up €160 million at constant currency, due to the increase in the jet fuel price. The positive fuel hedge result realized in second quarter 2018 stood at €212 million.
Currencies had a negative €259 million impact on revenues compared to last year. The positive impact on costs reached €189 million, including a tailwind from currency hedging. In the second quarter 2018, the net impact of currencies thus amounted to a negative €70 million. Unit cost on track for full year guided target range of 0% to +1%.

Universal Asset Management acquires Airbus A319 for disassembly and component support

Universal Asset Management (UAM) has acquired an Airbus A319 (MSN 2339) for disassembly and component support.
Previously operated by Avianca S.A. and owned by SMBC Aviation Capital, the Airbus A319 aircraft landed at UAM’s Aircraft Disassembly Center (ADC) in Tupelo, Mississippi on Thursday, July 26. It will be disassembled onsite to support UAM’s global aviation customer base.

AviTrader CS

Spirit AeroSystems reports Q2 2018 financial results

Spirit's second quarter 2018 revenue was US$1.8 billion, up slightly from the same period of 2017. This increase was primarily driven by higher production deliveries on the Boeing 737 program, partially offset by lower production deliveries on the Boeing 777 program, lower revenue recognized on the Boeing 787 program as a result of the adoption of ASC 606, and the absence of a litigation reserve reversed in the second quarter of 2017.
Spirit's backlog at the end of the second quarter of 2018 was approximately US$47 billion, with work packages on all commercial platforms in the Boeing and Airbus backlog.
Operating income for the second quarter of 2018 was US$218 million, up compared to an operating loss of US$(92) million in the same period of 2017. This increase was primarily due to the absence of forward loss charges recognized on the Boeing 787 program in the second quarter of 2017. Forward loss charges of US$353 million on the Boeing 787 program were recorded during the second quarter of last year as a result of the signed memorandum of understanding (MOU) for agreement with Boeing. Second quarter EPS was US$1.31, compared to $(0.48) in the same period of 2017. Second quarter adjusted EPS was US$1.63, excluding the impact of the Asco acquisition and debt financing costs, up 4 percent compared to US$1.57 in the same period of 2017, adjusted to exclude the impact of the MOU with Boeing.
Cash from operations in the second quarter of 2018 was US$231 million, up compared to US$222 million in the same quarter last year. Adjusted free cash flow in the second quarter of 2018 was US$171 million, compared to adjusted free cash flow of US$175 million in the same quarter last year.

Mobil Jet Oil 387 approved for use in GE Aviation CF6 engines

Mobil JetTM Oil 387, a synthetic High Performance Capability turbine engine oil, has been approved by GE Aviation for use in its CF6 engines, which includes the CF6-6, CF6-50, CF6-80E and CF6-80C2 commercial as well as L1F and K1F military variants.
CF6 engines are used to power a number of popular wide-body aircraft, including the Boeing 747 and 767, Airbus A300, A310, and A330, McDonnell Douglas MD-11, DC-10, as well as Air Force One.
As part of the required approval process, Mobil Jet Oil 387 underwent more than 40,000 hours of on-wing testing onboard aircraft operated by a large global carrier. Engine inspection results from the evaluation period revealed that Mobil Jet Oil 387 provides the necessary resistance to coking and deposit formation inside the engine’s oil supply and scavenge lines from the 6R bearing, meeting every demand for a High Performance Capability oil.
With increasing OEM approvals and continued airline interest, Mobil Jet Oil 387 is now being used to protect more than 300 aircraft around the globe. Today, Mobil Jet Oil 387 has accumulated more than four million hours of on-wing performance.

Bristol Associates

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

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September 19, 2018 – Copthorne Tara Hotel, Kensington, London, UK

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October 16 - 18, 2018 – Amsterdam

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November 20, 2018 – Gibson Hotel, Dublin, Ireland
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