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LATEST NEWS
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Thursday, February 20th, 2020
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According to an internal Boeing memo seen by Reuters news agency, Boeing has reported finding foreign object debris in a number of fuel tanks of 737 MAX jets which are awaiting delivery while the plane remains grounded.
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Such debris usually includes rags, tools, metal shavings and other materials left behind by workers during the production process. This has been a quality control issue for various Boeing aircraft, such as its KC-46 tankers as well. The debris was discovered during routine maintenance of the undelivered jets.
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A spokesperson from Boeing has confirmed the authenticity of the memo from the general manager of the 737 program, Mark Jenks, who also made it clear that the debris was “totally unacceptable”, adding that further steps would be taken to eradicate the problem. The planemaker does not feel that this current issue should have any effect on the jet’s return to service.
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With over 400 of the MAX jets awaiting delivery and production now temporarily stopped, the new Boeing CEO Dave Calhoun said in an email to staff that the company would "keep taking steps to maintain our supply chain and workforce expertise so we're ready to restart production." Boeing made it clear in a late-January statement that it had “made significant progress over the past several months in support of safely returning the 737 MAX to service as the company continues to work with the FAA and other global regulators on the process laid out for certifying the 737 MAX software and related training updates.”
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Qatar Airways Group has increased its shareholding in International Consolidated Airlines Group (IAG) from 21.4% to 25.1%.
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Qatar Airways Group Chief Executive Mr. Akbar Al Baker stated, “Our investment to date has been highly successful and the announced increase in our shareholding is evidence of our continued support of IAG and its strategy.”
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Panasonic Avionics (Panasonic) has signed an agreement with Nelco (Nelco) to provide satellite connectivity services to customers flying into India and over Indian airspace.
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With this agreement, Panasonic becomes the first satellite communications provider to begin inflight connectivity (IFC) operations under Nelco’s Department of Telecommunications license for In-Flight and Maritime Connectivity (IFMC), in accordance with the Flight and Maritime Rules. As a result of this agreement, Panasonic, and its subsidiary ITC Global, now offer connectivity to both aircraft and maritime vessels operating within India.
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With the implementation of the agreement and subject to regulatory approvals from relevant authorities, Indian full-service carrier Vistara may become the first airline in the country to offer satellite connectivity on international flights.
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AJW Group has purchased an Airbus A319 aircraft, MSN 2186, for teardown. The ex – Air Malta aircraft which is 15 years old, is powered by CFMI CFM56-5B6/P engines and APS3200 Auxiliary Power Unit.
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After teardown, the A319 components will be recertified at AJW Group’s maintenance hub in Montreal (AJW Technique), OEMs and other strategic vendors. The high-quality parts will be stored at AJW Group’s HQ in Sussex, U.K. and shipped to its strategic hubs around the world ready to support its airline customers’ extensive portfolio of A320 family aircraft.
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Edmund Tan has joined C&L Aerospace in the position of Regional Sales Manager, Asia. Tan will lead sales and marketing activities for the commercial and regional airline segments for Asia.
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Tan has two decades of experience in the Asian airline market, most recently as Senior Manager, Sales and marketing at Flightparts. Prior to that Tan was Director, Sales and Marketing (Aerospace)
for ST Engineering.
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Embraer has delivered a total of 198 jets in 2019, of which 89 were commercial aircraft and 109 were executive jets (62 light and 47 large), which represents an increase of 9% compared to 2018, when the company delivered a total of 181 jets.
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The deliveries were within the outlook ranges for 2019 of 85 to 95 for the commercial aviation market and of 90 to 110 for the business aviation market.
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In the fourth quarter of 2019, Embraer delivered 81 jets, being 35 commercial aircraft and 46 executive jets (20 light and 26 large). As of December 31, the firm order backlog totaled US$ 16.8 billion.
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In the fourth quarter of 2019, Embraer delivered the first Praetor 500 business jet to Flexjet, a global leader in private jet travel, just over one year after its announcement at the 2018 National Business Aviation Association’s Business Aviation Convention and Exhibition (NBAA-BACE).
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Dubai Aerospace Enterprise (DAE) has reported its financial results for the full-year 2019.
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DAE reported total revenue of US$1,421.3 million for 2019, compared to US$1,436.6 million in 2018. Profit before tax was US$413.6 million compared to US$428.8 million the previous year.
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Pre-tax profit margin was 29.1% in 2019, 29.8% in 2018. DAE reported pre-tax return on equity of 12.6% for full-year 2019 compared to 12.8% for full- year 2018.
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Net debt-to-equity was 2.64x in 2019, at year-end 2018 2.57x. Unsecured debt as a percentage of total debt was 62% in 2019, at year-end 2018 46%. DAE reported available liquidity of US$2,404 million for full-year 2019 compared to US$1,558 million at year-end 2018.
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TAROM, Romania’s national flag carrier, has taken delivery of its first ATR 72-600 aircraft, from regional aircraft manufacturer ATR. With a brand new livery, this aircraft is the first of a leasing contract with regional aircraft lessor NAC, for nine ATR 72-600s.
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TAROM has been very successful in its domestic market operations by using ATR aircraft – both ATR 42‑500 and ATR 72-500 – to compete with low cost carriers. When this major fleet upgrade is completed, by the end of 2020, the Romanian carrier will offer an additional 330,000 seats every year, at the same operating cost as its previous seat level, improving short haul connectivity in Romania.
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With ATR 72-600 burning 40% less fuel and emitting 40% less CO2 than similar-sized regional jets, TAROM will support the development of local and more isolated communities in a responsible way, while further consolidating its position in the market.
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ForwardKeys, the travel analytics company, has signed an agreement to acquire Traveller Statistics from The NPD Group, a leading global information company. Under the agreement, on May 1, 2020, ForwardKeys will take over direct responsibility for providing information on travellers and on travel trends to former NPD clients in the travel retail niche.
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Traveller Statistics, which uses ForwardKeys data, is an online platform that provides intelligence on passengers travelling through each terminal building at 550 airports. It helps users understand the passenger mix by nationality and assists retailers to benchmark their sales performance, identify trends and opportunities, diagnose issues and make decisions to drive growth.
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Post-acquisition, ForwardKeys will promptly consult with its newly acquired customers on potential upgrades to the platform to enhance the insights and intelligence provided.
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Effective February 27, 2020 AviTrader Publications Corp. has appointed Tamar Jorssen as Vice President, Sales and Business Development. She has over 25 years of experience in sales, customer support, and business development. Jorssen started her career with AviTrader’s head-office in Vancouver back in 2007 as the office manager. She is now responsible for all of AviTrader’s sales and marketing activities across the globe and will oversee the AviTrader Germany customer support team.
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Torsten Tamm, chairman of the board of directors stated “We are very pleased to have Tamar
Jorssen work with us full-time at AviTrader. Her expertise and internal knowledge of AviTrader will be a great asset to the company and our customers. This is an important move for AviTrader, having a sales and customer support team in North America and Europe will allow us to serve our customers even better.”
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UPCOMING EVENTS
March 24 - 26, 2020 - London, UK
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