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LATEST NEWS
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Friday, November 8th, 2019
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GKN Aerospace has been selected as a key supplier on the new Gulfstream G700 business jet that was unveiled at NBAA on October 21. GKN Aerospace is using its leading capability in design and manufacture of business jet empennages and thermoplastic components on the advanced aircraft. The rudder and elevators that are part of the empennage as well as the floorboards feature the latest thermoplastic technology. GKN Aerospace also produces the bonded fuselage panels for the new fuselage.
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A team of highly qualified GKN Aerospace engineers has collaborated with the Gulfstream team to
take an active role in the design process. Production takes place in facilities in Hoogeveen and Papendrecht in the Netherlands.
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The Emirates Group has announced its half-year results for its 2019-20 financial year.
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Group revenue was AED 53.3 billion (US$14.5 billion) for the first six months of 2019-20, down 2% from AED 54.4 billion (US$14.8 billion) during the same period last year. This slight revenue decline was mainly due to planned capacity reductions during the 45-day Southern Runway closure at Dubai International airport (DXB) and unfavourable currency movements in Europe, Australia, South Africa, India, and Pakistan.
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Profitability was up 8% compared to the same period last year, with the Group reporting a 2019-20 half-year net profit of AED 1.2 billion (US$320 million). The profit improvement was primarily due to the decline in fuel prices of 9% compared to the same period last year, however the gain from lower fuel costs were partially offset by negative currency movements.
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The Group’s cash position on September 30, 2019 stood at AED 23.0 billion (US$6.3 billion), compared to AED 22.2 billion (US$6.0 billion) as of March 31, 2019.
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Capacity during the first six months of the year declined by 5% and Passenger traffic was down by 2% with average Passenger Load Factor rising to 81.1%, compared with last year’s 78.8%.
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Qatar Airways, the national carrier of the State of Qatar, has signed a codeshare agreement with IndiGo, India’s largest passenger airline. The first codeshare flights will operate from December 18, 2019.
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This agreement will enable the airline to place its code on IndiGo flights between Doha and Delhi, Mumbai and Hyderabad and is the first step in strengthening cooperation between the the two carriers.
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Qatar Airways currently operates 102 weekly flights between Doha and 13 destinations in India, including Ahmedabad, Amritsar, Bengaluru, Chennai, Delhi, Goa, Hyderabad, Kochi, Kolkata, Kozhikode, Mumbai, Nagpur and Thiruvananthapuram.
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AJW Group, the independent specialist in the global management of aircraft spares, has announced the formation of a new joint venture to help drive its growth in China.
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The joint venture will be called AJW Greavia Limited and has been established with Hong Kong-based, Greavia Limited to enable AJW Group to better serve the booming Chinese aviation market.
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AJW Greavia Limited will be led by the retiring Chairman of AJW London, Randeep Grewal, who will drive its focus on strategic commercial aviation opportunities with selected Chinese partners.
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Greavia Limited is part of Greran Group, which complements AJW’s aviation business interests in aircraft and component maintenance, engineering, maintenance programmes, ground operations,
planning and aircraft leasing.
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Since November 4, Royal Flight airlines has resumed its regular flights from Moscow Domodedovo Airport to Guiyang, the capital of Guizhou province. The carrier performs weekly service. In the autumn-winter period, Royal Flight airlines is carrying out services from Moscow Domodedovo to popular winter destinations, including Goa, Nha Trang, Antalya, Utapao, Colombo.
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In October, Finnair carried 1,266,000 passengers, 10.9% more than in the corresponding period of 2018. The overall capacity increased in October by 10.1%. Finnair's traffic increased by 14.1% and the passenger load factor increased year-on-year by 2.8 points to 82.3%.
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Rolls-Royce has announced plans to expand its global network of engine overhaul services to support growth in its fleet of large aero engines. With its fleet of in-service engines forecast to grow from more than 4,000 today to approximately 6,500 in the mid-term – and even further beyond that – the company expects demand for overhaul services to increase over the coming years.
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This planned expansion comes as the long-term focus of Rolls-Royce's business moves towards managing the aftermarket potential of its fleet of widebody aircraft engines, following successful expansion over many years. This further expansion of its network of engine overhaul facilities also underpins the company's commitment to reducing the impact on customers of in-service issues with the Trent 1000.
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In Germany, part of the Rolls-Royce Deutschland site in Dahlewitz will transition into an overhaul services hub with the capability of handling widebody engine overhauls. The Rolls-Royce Canada site in Montreal, which currently services business jet engines, will also be repurposed to become a widebody engine overhaul facility.
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These moves come in addition to ongoing investment in the U.K; the Derby site will become an engine overhaul Centre of Excellence, capable of overhauling the new engine types in Rolls-Royce's fleet. The team in Derby is developing new overhaul techniques and will provide training to Rolls-Royce's wider network. The company will also continue to invest in overhaul facilities in Bristol and Inchinnan to enhance its capacity to undertake overhauls of Trent 700 engines.
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Expanding capacity in its network of service facilities follows previous announcements on increasing provision for engine overhaul through Authorised Maintenance Centres at Delta Tech Ops, Sanad Aerotech and Standard Aero.
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Lufthansa Group has achieved an Adjusted EBIT of €1.3 billion for the third quarter of 2019, only slightly below the EUR €1.4 billion of the prior-year period. Against the backdrop of higher fuel costs, which were €171 million above their 2018 level in the third quarter alone, the Group delivered a sound business performance for the period.
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Total revenues for the Lufthansa Group for the third quarter of 2019 increased by 2% to €10.2 billion (prior year: €10 billion). Third-quarter Adjusted EBIT amounted to €1.3 billion (prior year: €1.4 billion), an 8% decline on the prior year. The Adjusted EBIT margin stood at 12.7% (prior year: 14.1%). Fuel costs for the period were €171 million above its prior-year level, primarily due to currency movements. Cost reductions in other areas only partly offset the increase.
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The Eurowings turnaround is showing its first successes, and continues to be consistently pursued. Third-quarter Adjusted EBIT increased by 39% to €169 million (prior year: €122 million). Currency-adjusted unitrevenues were up 3.5% for the period, as a result of a substantial reduction in long-haul capacity and operational improvements. Unit revenues in short haul declined at a low single-digit percentage rate.
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Eurowings should be back to profitability by 2021, and should achieve a margin of 7% in the longer term.
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Certified Aviation Services (CAS) Components, a leading provider of component overhaul, signed a five-year agreement with a major cargo carrier.
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Out of a competitive pool of approved vendors competing for the service contract, CAS was chosen by the air carrier as its preferred component repair shop.
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This extensive contract requires full coverage on repair and overhaul of high flow pneumatics, air cycle machines and mechanical accessories. The agreement was specifically assembled to provide
higher reliability and reduced turnaround time.
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In addition, CAS has internally designated engineering representative (DER) capabilities and a robust partnership with a parts manufacturer approval (PMA) house that will be utilized on this contract.
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Beginning its flights to China back in 1999 with Beijing as the destination, Turkish Airlines is connecting Xi’an to its flight network as its fourth destination in mainland China after Beijing, Shanghai and Guangzhou on the 20 year of its presence in the country.
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After the meeting between Turkish Airlines Chairman of the Board and the Executive Committee, M. İlker Aycı and Secretary of the Shaanxi Province Party Committee, Hu Heping on November 5, 2019, an agreement was made for Turkish Airlines to start its flights to Xi’an destination.
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Xi’an flights will initially be three frequencies a week, as the flights are being planned to start at the end of 2019. They are set to increase gradually as the 2020 summer schedule begins. With the launch of Xi’an flights, Turkish Airlines’ reciprocal flights to China will increase to 24 flights a week.
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