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Wednesday, August 1st, 2018
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LATEST NEWS
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Further problems have hit Boeing’s intended purchase of a controlling 80 percent stake in the commercial aircraft arm of Brazilian planemaker Embraer with the intervention of leftist lawmakers who have brought a lawsuit aimed at halting Boeing in its tracks.
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Filed by four congressmen representing the left-wing Workers Party, the lawsuit is seeking an injunction to freeze talks between Embraer and Boeing. While Embraer is a private company, the Brazilian government holds special stock that affords it right of veto over major business decisions.
The deal proposed by Boeing does not include Embraer’s defense and executive jets business, but there is considerable concern that without the commercial jets’ arm, company viability is under threat.
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Earlier this month a Brazilian labor judge rejected a proposal to ensure that all jobs at Embraer would be preserved if Boeing’s acquisition is successful. That injunction request was filed by Brazil’s labor prosecutors who specialize in potential violations of the strict labor laws. Subsequent to the injunction’s rejection the group has announced plans for a civil lawsuit against the government.
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In view of the ongoing problems, Embraer anticipates that in the event Boeing are successful with the acquisition, it is unlikely to happen until the end of next year, leaving it particularly vulnerable in light of the recent Bombardier CSeries and Airbus tie up, resulting in the new A220 family.
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The first Ultra Long Range Airbus A350 XWB to be delivered to launch customer Singapore Airlines has rolled out of the paintshop in the carrier’s distinctive livery. Now at an advanced stage of production, the aircraft will undergo further testing before being delivered to the airline in the coming months.
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Singapore Airlines has ordered seven A350-900 Ultra Long Range aircraft, and all of them are in various stages of assembly. The first aircraft to have flown has successfully completed its flight test programme, which focused on the redesigned fuel system. It is now being fitted with its cabin.
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The airline will operate the aircraft on non-stop services from Singapore to the U.S. This includes flights between Singapore and New York, which will be the world’s longest commercial service, as well as on routes to Los Angeles and San Francisco.
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The Ultra Long Range A350-900 is the latest variant of the best-selling A350 XWB Family, and will have an extended range of up to 9,700 nautical miles. This has been achieved by a modified fuel system, which increases the aircraft’s fuel carrying capacity by 24,000 litres without the need for additional fuel tanks.
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With a maximum take-off weight (MTOW) of 280 tonnes, the Ultra Long Range A350 is capable of flying over 20 hours non-stop, combining the highest levels of passenger and crew comfort with unbeatable economics for such distances.
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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.
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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.
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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.
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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.
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Rockwell Collins has signed master contracts with AVIC Aircraft (AVIC Aircraft), a subsidiary of Aviation Industry Corporation of China, (AVIC), to supply its Pro Line Fusion® advanced avionics system and air data systems for MA700 turboprop regional aircraft.
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AVIC has also chosen Rockwell Collins’ HGS™-3500 Head-up Guidance System – an innovative, all-in-one compact head-up display (HUD) solution – as an airline-selectable option. The MA700 is expected to perform its first flight in November 2019 and receive certification by 2021.
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Work will take place at a number of Rockwell Collins facilities in the United States and Hyderabad, India, as well as with the company’s joint venture partner, Rockwell Collins CETC Avionics Company (RCCAC), in Chengdu, China. Additionally, Rockwell Collins has collaborated with the Aeronautics Computing Technique Research Institute (ACTRI) in Xi'an, China, to support avionics development and integration with other on-board MA700 aircraft systems.
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Lufthansa is receiving another brand new A320neo. The aircraft left the Airbus assembly plant in Hamburg-Finkenwerder on Monday, July 30. Once the final configuration is completed in Berlin-Schönefeld, this Airbus with the registration D-AINK will operate from Frankfurt. It is the eleventh aircraft of this type for Lufthansa and at the same time the first A320neo with the new airline design.
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Lufthansa is the first customer to receive the Airbus A320neo, which celebrated its premiere at the beginning of 2016. The newly developed engine technology, vortex generators on the wings and the aerodynamic sharklets lead to a significant reduction in fuel consumption and noise. The Lufthansa Group has ordered a total of 122 aircraft of this type, both in the A320neo and A321neo versions; ten are already operating on Lufthansa's domestic and European route network from Frankfurt Airport.
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The livery reflects Lufthansa's new image and modern premium standards. The fuselage, wings and engines are completely painted brilliant white. The unique white line at the tail supports the streamlined shape of the aircraft. The deep blue tail is optically extended, providing the basis for a large, strong and highly-contrasted presentation of the crane.
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Embraer has delivered 28 commercial and 20 executive aircraft (15 light jets and 5 large jets) in 2Q18, for a total of 48 jets delivered during the quarter. This compares to the Company’s total aircraft deliveries of 59 jets in 2Q17, of which 35 were commercial jets and 24 were executive jets (16 light jets and 8 large jets).
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For the first six months of 2018, Embraer delivered 42 commercial jets and 31 executive jets (23 light jets and 8 large jets), compared to deliveries of 53 commercial jets and 39 executive jets (27 light jets and 12 large jets) over the first six months of 2017. Embraer remains confident in its 2018 guidance for 85 to 95 total commercial jet deliveries and 105 to 125 total executive jet deliveries (70-80 light jets and 35-45 large jets). The Company again expects the Executive Jets segment to deliver a significant volume of aircraft during the fourth quarter of 2018, similar to the seasonality of previous years.
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Consolidated revenues in the quarter were US$1,256.5 million, representing a year-over-year decline of 29.1% compared to 2Q17, due to a combination of lower deliveries in the Commercial Aviation and Executive Jets segments in the quarter and a significant decline in Defense & Security segment revenues in 2Q18 as a result of cost base revisions related to the KC-390 development contract.
In addition, 2Q17 Defense & Security revenues were the highest quarterly revenues reported in 2017 due to the launch of the SGDC satellite in May of 2017.
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These declines were only partially offset by 5.6% year-over-year growth in Services & Support revenues in the quarter. Year-to-date, Embraer consolidated revenues were US$ 2,248.5 million in the first six months of 2018 as compared to US$ 2,813.7 million in the first six months of 2017, with the decline driven principally by lower deliveries in the Commercial Aviation and Executive Jets segment as well as a 38.9% fall in Defense & Security revenues, driven by the aforementioned factors in the quarterly comparison above.
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Net income (loss) attributable to Embraer shareholders and Earnings (Loss) per ADS for 2Q18 were US$ (126.5) million and US$ (0.69) per share, respectively, compared to US$ 61.7 million in net income (loss) attributable to Embraer shareholders and US$ 0.34 per share in Earnings (Loss) per ADS in 2Q17. Over the first six months of 2018, net income (loss) attributable to Embraer shareholders was US$ (138.8) million and Earnings (Loss) per ADS was US$ (0.76) per share.
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Panasonic Avionics Corporation (Panasonic) has appointed Gaston Sandoval, as Global Head of Marketing and Product Management. In this role, Gaston will lead Panasonic’s marketing and product strategy as the company evolves into a digital platform and services company and delivers the next generation of passenger experiences. As Global Head of Marketing and Product Management, Sandoval will oversee Panasonic’s branding, market insights, product marketing, performance marketing, content marketing, creative, communications, as well as product management.
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Before Panasonic, Sandoval enjoyed a lengthy, successful career at IBM. As Chief Operating Officer of IBM Digital, he led the deployment and market expansion of IBM’s Marketplace. Under his leadership, IBM Marketplace’s portfolio grew to include over 1,000 digital offerings, creating a new business unit with more than US$1 billion in annual sales.
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WestJet has announced its second quarter results for 2018, with a net loss of CA$20.8 million, or CA$0.18 per fully diluted share. This result compares with net earnings of CA$48.6 million, or CA$0.41 per fully diluted share reported in the second quarter of 2017.
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Based on the trailing twelve months, the airline achieved a return on invested capital of 7.7 per cent, down from 9.8 per cent in the second quarter of 2017. Year-to-date, WestJet recorded net earnings of CA$16.4 million, or CA$0.14 per fully diluted share.
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"The impact of the threat of industrial action, in combination with the dramatic increase in fuel price and competitive capacity provided particularly significant challenges in the second quarter." Ed Sims, WestJet President and CEO. "While we are disappointed with these results, all WestJetters can take great satisfaction from the successful delivery of key strategic initiatives like Swoop and WestJet Link."
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CFM International (CFM) and the International Air Transport Association (IATA) have signed a commercial settlement agreement concerning CFM’s MRO (maintenance, repair and overhaul) policies and activities.
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Under the terms of this agreement, CFM reaffirms its commitment to maintain and foster robust and open competition within the MRO market, as well as the competitive nature of its MRO model, which serves as a reference in the jet engine industry and has been a key element in the ongoing success of the CFM product line.
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As part of this agreement, CFM will be publishing its Conduct Policies and associated Implementing Measures, specifying its product support policy and guidelines related to such aspects as licensing, warranties, servicing, technical support, repairs, communication, and contracting. These documents help to confirm, clarify, and complement CFM’s aftermarket practices.
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CFM expects that the resulting publication of the Conduct Policies and Implementing Measures will facilitate the awareness of CFM’s principles with its customers and support IATA’s intent to expand the application of such policies to other stakeholders in the aerospace industry.
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GA Telesis, a leader in integrated aviation services, reported record LTM performance as well as first-half results for 2018 for the Company’s MRO Services Group. Revenue increased by 25% on a year-over-year basis for the first six months of 2018, while new customer growth increased by 9% and existing customer concentration was diluted by 7%. Furthermore, the financial results for the trailing twelve months through June 2018 show a double-digit percentage increase in revenue and nearly double EBITDA when compared to 2017.
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In January, the MRO Services Group announced a long-term Repair and Overhaul License Agreement and Parts Supply Agreement with Honeywell. Keeping with its OEM-alignment philosophy, the agreement includes repairs of over 175 base part numbers and line replacement unit (LRU) repair items and sourcing over 1,200 material supply line items from Honeywell Aerospace. Products include electromechanical, pneumatic and mechanical LRU’s covering a variety of Airbus, Boeing, Bombardier and Embraer fleet applications. The Company plans to continue its OEM alignment strategy with other OEMs that will allow it to provide OEM approved repairs while using genuine OEM approved materials at competitive rates.
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In addition, the MRO Services Group reported a significant backlog through the end of 2018 which will exceed projected expectations. The MRO Services group was formed during the second half of 2017 to streamline the decision-making process, lean MRO operations, and create a single customer interface and quality experience among the companies in the group.
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