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Friday, September 6th, 2019
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China Airlines has finalized its agreement with Boeing to order six 777 Freighters to modernize its cargo fleet. The carrier, which currently operates one of the world's largest 747 Freighter fleets, plans to transition to the twin-engine freighters as it launches operations from Taipei to North America, a key market that provides higher yields for the carrier.
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Valued at US$2.1 billion according to list prices, China Airlines had previously announced its intent to order up to six 777 Freighters at the Paris Air Show in June. Three of the six 777 Freighter orders were confirmed in July and posted to Boeing's Orders and Deliveries website as an unidentified customer. The remaining three will post during the next update.
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The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), contracted by 3.2% in July 2019, compared to the same period in 2018. This marks the ninth consecutive month of year-on-year decline in freight volumes.
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Air cargo continues to suffer from weak global trade and the intensifying trade dispute between the US and China. Global trade volumes are 1.4% lower than a year ago and trade volumes between the US and China have fallen by 14% year-to-date compared to the same period in 2018.
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The global Purchasing Managers Index (PMI) does not indicate an uptick. Its tracking of new manufacturing export orders has pointed to falling orders since September 2018. And for the first time since February 2009 all major trading nations reported falling orders.
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Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 2.6% year-on-year in July 2019. Capacity growth has now outstripped demand growth for the 9th consecutive month.
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AiRXOS has concluded real-world flight operations for the FAA's first phase of the Unmanned Aircraft System (UAS) Traffic Management Pilot Program (UPP). The UPP, established in 2017, was designed to identify the initial set of industry and FAA capabilities required to support UAS Traffic Management (UTM) operations.
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As a UAS Service Supplier (USS) for UTM, and after the company's successful participation in NASA's related UTM demonstration programs over the last two years, AiRXOS was the only industry partner selected to participate on more than one FAA UAS test site for UPP. Throughout the UPP, AiRXOS was also the only USS to support internal and external flight operators while demonstrating live UTM operations through its Air Mobility™ platform at all sites and providing simulated UAS operations across all three programs.
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The FAA awarded UPP contracts to the three Test Site partners with the goal to evaluate and mature technologies for UTM, including flight planning, communications, aircraft separation, and weather services for these drones, which will initially operate under 400 feet. Sites selected as FAA-approved UAS Test Sites for UPP include the Nevada Institute for Autonomous Systems (NIAS), Northern Plains UAS Test Site (NPUASTS), and Virginia Tech, Mid-Atlantic Aviation Partnership (MAAP).
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AJW Technique, the maintenance hub for AJW Group's component repair and overhaul service, based in Montreal, has announced a commitment for enhanced collaboration with Liebherr Aerospace Saline, a leading OEM service center in North America.
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The effort will enable the two businesses to better support airlines across the globe, with AJW Technique receiving access to the OEM’s new and serviceable market and exchange inventory. This means that AJW Group will have direct access to Liebherr-Aerospace components that can be
traced, sold, and exchanged dependent on a customers’ individual needs.
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AJW Technique will provide Liebherr-Aerospace with component packages of inventory for their Used Serviceable Material (USM) offering, whilst AJW Leasing will provide Liebherr- Aerospace with component packages for sales and leasing when needed. Further, the exchange of services
workload will be reviewed as well.
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Tunisair Express and ATR, the regional aircraft manufacturer have confirmed a firm order for three ATR 72-600s. The aircraft will renew Tunisair Express’s regional fleet and supply essential connectivity, both domestically and internationally.
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The modern ATR turboprops support airline operations by burning 40% less fuel and emitting 40% less CO2. The ATR -600 cabin will also introduce the best onboard experience to Tunisair Express passengers, including the ATR’s Cabinstream™ In-Flight Entertainment system, enabling passengers to enjoy their flight by accessing a range of multimedia content on their personal electronic devices.
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Safran S.A., the French multinational aircraft engine, rocket engine, aerospace component and defense company, has reported better-than-expected results for the first six months of 2019.
Commenting on the results, Safran CEO Philippe Petitcolin said: "H1 results have confirmed the trajectory of vigorous growth observed in Q1, with very strong revenue and profitability increase trending above initial full-year guidance across all divisions. The CFM56/LEAP transition is well on track despite an uncertain context. We target to manufacture around 1,800 LEAP engines at the end of 2019, with LEAP-1B deliveries depending on our client needs. The impact of the 737 MAX grounding on Safran free cash flow is a timing issue and should reverse in the following quarters."
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Safran reported revenue at €12,102 million, up 27.3% on a reported basis and up 14.2% on an organic basis. Recurring operating income was €1,883 million up 35.9% on a reported basis and up 34.6% on an organic basis. Operating margin improvements across all divisions, 20.8% (+180bp) in Propulsion, 12.9% (+100bp) in Aircraft Equipment, Defense and Aerosystems and 5.2% (+190bp) in Aircraft Interiors. As a result, Group operating margin improvement, 15.6% (+100bp). Free cash flow generation at €1,177 million, 63% of recurring operating income despite the Boeing 737 MAX grounding.
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Safran upgraded 2019 revenue and recurring operating income outlook: Based on an assumption of return to service for Boeing 737MAX in Q4, free cash flow to recurring operating income is expected
to be in the range 50% to 55%. Consolidated revenue was €12,315 million. Consolidated recurring operating income at €1,877 million. Consolidated profit from operations at €1,909 million. Consolidated profit for the period attributable to owners of the parent at €1,432 million. Free cash flow at €1,177 million. (€1.00 = US$1.10 at time of publication.)
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Russian rotary wing MRO provider UTair Engineering has chosen AMOS and has already planned the first project steps. UTair Engineering now becomes the second member of the UTair Group to choose AMOS, following the airline UTair Aviation, who joined the AMOS Community in 2012.
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AMOS offers a wide scope of dedicated functions for helicopters to cater to their special needs and requirements.
Vibration monitoring is used to identify the early stages of helicopter component degradation, connecting this to the dynamic counter options within AMOS to optimize maintenance control and performance. AMOS offers a complete suite of engineering requirements to control the maintenance needs of the helicopter industry. In addition, AMOS can handle the management of extensive pooling contracts which are tailored to the specific operational environments of helicopters, such as search & rescue as well as oil & gas industries.
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AMOS covers the wide range of different helicopter OEM requirements and is not limited to certain helicopter brands or types. Due to the amount of OEMs in the market, AMOS adaptability supports the operator to manage approval for modification installations on any particular model.
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Precision Aircraft Solutions has redelivered one Boeing 757-200 aircraft, MSN 29941, to SF Airlines, a subsidiary of SF Express. The conversion is the 24th Precision passenger-to-freighter Boeing 757 aircraft to join the SF air operation.
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SF Airlines, MSN 29941, was converted at the AMECO facility in Chengdu, China.
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CAE it’s expanding its training capacity in Asia with a brand-new training centre in Bangkok, Thailand, to support Thai AirAsia’s growth in the region. In addition, CAE will open a brand-new training centre in Gurugram, National Capital Region (NCR) to support pilot training needs in India.
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As part of CAE’s existing long-term agreement with Thai AirAsia, the brand-new CAE Bangkok training centre will be located minutes away from Don Mueang International Airport and will provide a local solution to Thai AirAsia and support third party regional airline operators. CAE will begin
with the deployment of two new CAE 7000XR Series Airbus A320 full-flight simulators, equipped with the innovative CAE Tropos™ 6000XR visual system. This new training centre in Bangkok will have a training capacity of up to six full-flight simulators and will be operational in 2020, subject to regulatory approvals. CAE has been providing training to Thai AirAsia at CAE Kuala Lumpur
for more than 10 years.
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CIRCOR Aerospace, a CIRCOR International company, has reported that its Aerospace & Defense California business has been awarded an exclusive five-year Aftermarket Service Agreement with Emirates Airline. CIRCOR will provide aftermarket parts support, component repair, and overhaul services.
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“We are pleased to provide aftermarket service to Emirates in support of the global fleet of one of the world’s largest airlines,” said Jeff McGowan, Sr. Director of After Sales Management. “We
value our partnership with Emirates and look forward to expanding our services with them.”
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UPCOMING EVENTS
MRO Europe
October 15 - 17, 2019 – ExCel London, London, UK
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