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LATEST NEWS
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Thursday, January 30th, 2020
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North American toolmaker Stanley Black & Decker has announced it is to acquire Consolidated Aerospace Manufacturing LLC (CAM) for up to US$1.5 billion.
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CAM is a major supplier of Boeing Co and approximately US$200 million of the purchase price is contingent on Boeing obtaining certification for the still-grounded 737 MAX from the U.S. Federal Aviation Administration enabling it to return to service, and Boeing production figures for the beleaguered jet reaching an agreed level.
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CAM makes fasteners and other components for the aerospace industry and is presently owned by the investment firm Tinicum. “Growing and diversifying our industrial business through M&A is a key priority for the company and a focus of our strategic capital deployment,” Stanley Black & Decker Chief Executive James Loree said in the statement.
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Jazeera Airways has signed a long-term Rate Per Flight Hour (RPFH) agreement with CFM International to support the LEAP-1A engines that power the airline’s fleet of 20 Airbus A320neo aircraft. The agreement, which is valued at approximately US$1.3 billion U.S. at list price, also covers five spare engines.
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RPFH agreements are part of CFM’s portfolio of flexible engine service support packages. Under the terms of the agreement, CFM Services guarantees maintenance costs for Jazeera’s LEAP-1A engines on a dollar per engine-flight-hour basis.
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Jazeera Airways became the first LEAP-1A-powered A320neo operator in the Middle East in May 2018 and currently operates four A320neo aircraft. The fleet has since logged more than 6,000 flight hours. The airline also operates nine CFM56-5B-powered A320ceo aircraft.
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Boeing has posted its first annual loss since 1997 as originally forecast losses of US$8 billion resulting from the grounding of its 737 MAX jet are now approaching US$19 billion, a sum which does not include any likely compensation payout to the families of the 346 victims of both fatal crashes involving the jet.
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The North American planemaker had originally anticipated it would return to the skies with full FAA approval by the end of last year, but that has now been rescheduled for June this year. Current costs incurred extend to US$14.6 billion and Boeing has adopted a cautious tone through its indication that a further US$4 billion in charges will likely be incurred in 2020. There is also the possibility Boeing will have to face a number of U.S criminal investigations into 737 MAX-related. To make matters worse, Boeing is also cutting back further on its production of its current principal source of airplane revenue, the 787 Dreamliner. In October last year it announced it would be reducing production levels from 14 units to 12 units per month in late 2020, which will now fall to 10 units per month in the early part of 2021.
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Boeing has reported negative free cash flow of US$2.67 billion for the fourth quarter of 2019, which ended on December 31, as opposed to a positive free cash flow of US$2.45 billion for the same quarter in 2018.
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Trenchard Aviation Group has appointed Mark Radford as its new VP Business Development.
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With 30 years’ experience in the aviation interiors industry, working for both OEMs and part 145 organisations, he has held senior positions covering Sales, Operations and Procurement. His broad range of product knowledge covers seats, lavatories, galleys, monuments, soft furnishings and working parties.
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Radford joins Trenchard from his most recent position as Sales Director – Western Europe with Iacobucci HF Aerospace SPA where his achievements included winning contracts to provide seating for the first all-electric aircraft prototype and to supply the Iacobucci induction oven for VIP aircraft.
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The National Aeronautics and Space Administration (NASA) has placed an order for three H135 helicopters, marking the first-ever partnership between the U.S. space program and Airbus Helicopters. The order was announced January 29, at the Airbus booth at the Heli Expo Trade show in Anaheim, California.
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The H135s will be operated out of the Kennedy Space Center in Florida for a variety of missions,
including rocket launches, security, emergency medical services, and passenger transport. Two of the helicopters are scheduled for delivery later this summer, with a third planned for early 2021.
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BAA Training, one of the TOP 3 biggest independent aviation training centres in Europe will expand further into Spain. BAA Training has chosen the location and has started the establishment of a training center near Barcelona–El Prat Josep Tarradellas Airport.
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By establishing BAA Training Spain, the company is to open a 5300 m² modern training center with brand new training equipment, classrooms, briefing rooms and a luxury lounge. According to the BAA Training representatives, BAA Training Spain is set to operate seven full flight simulators by 2023, becoming the biggest training center in Southern Europe.
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As the building reconstruction work is already underway, the first two full flight simulators are already scheduled for 2020. Airbus A320ceo full flight simulator is bound to be ready for training in August, while the second one, Boeing 737NG, is planned to start operation in September. With all seven simulators in operation, BAA Training Spain will be ready to accommodate European market with more than 51 thousand flight training hours and provide recurrent pilot training for approximately 6,000 pilots yearly.
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Even though the training center will be equipped with full flight simulators and flight training devices suitable for pilot type rating qualification, pilot recurrent training and wet and dry FFS lease services, it also opens a possibility to provide the market with a full scope of pilot training in Spain.
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Revenues at Textron Aviation of US$1.7 billion were up 11%, primarily due to higher volume and mix, largely reflecting the Longitude’s entry into service. Textron Aviation delivered 71 jets, up from 63 last year, and 59 commercial turboprops, down from 67 last year. Segment profit was US$134 million in the fourth quarter, down from US$170 million a year ago, primarily due to the mix of products sold and an unfavorable impact from inflation, net of pricing. Textron Aviation backlog at the end of the fourth quarter was US$1.7 billion.
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Bell revenues were US$961 million, up 16% from US$827 million last year, primarily on higher commercial volume. Bell delivered 76 commercial helicopters in the quarter, up from 46 last year. Segment profit of US$118 million was up US$10 million, largely on the higher commercial volume. Bell backlog at the end of the fourth quarter was US$6.9 billion.
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Revenues at Textron Systems were US$399 million, up 16% from US$345 million last year, primarily due to higher volume. Segment profit of US$33 million was down from US$37 million last year, due to unfavorable performance, partially offset by higher volume and mix. Textron Systems’ backlog at the end of the fourth quarter was US$1.2 billion.
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Airbus Helicopters and DRF Luftrettung have signed a contract for the purchase of 15 new H145s, three H135s and the retrofit of its current 20 H145s to the five-bladed version. This will bring the H145 fleet of the German Helicopter Emergency Medical Services (HEMS) to 35 helicopters.
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The contract, booked in 2019, also renews DRF’s HCare smart contract, a full support parts-by-the-hour contract for DRF’s entire fleet for the next eight years.
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“Our mission at DRF Luftrettung is to continuously improve medical care for people in need. For this, it is essential for us, and our patients, to operate the most modern helicopters available. This new contract, with the patient at the top of our priorities, launches the last phase of our fleet renewal. The new H145 helps us, thanks to the increased useful load, to improve our services.” said Dr. Krystian Pracz, CEO of DRF Luftrettung.
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U.K. air traffic management provider Air Navigation Solutions (ANS), has signed a contract with SITTI, supplier of voice communication systems (VCS), to enhance the air traffic management infrastructure at Edinburgh and Gatwick Airports.
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ANS is deploying SITTI’s MULTIFONO® M800IP® Voice Communication and Control Systems as the VCS at both of ANS’ UK airport operations, and with it upgrading the air traffic control (ATC) infrastructure at Gatwick Airport and Edinburgh, Scotland, airport.
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SITTI is a leading supplier of voice communication systems worldwide, with the most technologically advanced architecture, fully compliant to the latest international standards. SITTI’s global presence includes a large base of installed VCS and ancillary equipment with services in military and civilian air traffic control, as well as public and private strategic emergency
services, police, fire and ambulance services and control room management.
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The proven MULTIFONO® M800IP® systems have undergone countless interoperability
tests around the globe and are installed at many major airports worldwide. The system offers advanced interfacing capabilities, reliability and flexibility. The primary VCS systems are equipped with interface units to connect digital and analogue radios and telephones and convert them into standard ED 137 VOIP links.
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March 24 - 26, 2020 - London, UK
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