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Monday, October 1st, 2018
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LATEST NEWS
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Lufthansa Technik AG and MTU Aero Engines AG laid the cornerstone for their new joint venture EME Aero in Jasionka, close to Rzeszów city, on September 28, symbolically launching one of the biggest and most advanced GTF MRO service centers worldwide.
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Pratt & Whitney GTF engines power five regional and narrowbody aircraft platforms, with the A220 and the A320neo family from Airbus and the Embraer E190-E2 already in commercial service. The total investment for the service center is €150 million by 2020. Plans are to have the facility – with its 40,000 m² of workspace – up and running by the end of 2019.
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“This joint venture is an important step for Lufthansa Technik and our partner MTU in expanding our respective engine maintenance businesses,” states Dr. Johannes Bußmann, CEO of Lufthansa Technik. “That is why this laying of the foundation stone marks an important day, as EME Aero will enable both companies to provide technical support for one of the world's most important aircraft engines. We are convinced that we have found the right location for this joint venture in Poland – our experience with our location in Wroclaw is very encouraging."
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Michael Schreyögg, Chief Program Officer at MTU Aero Engines explains: “Above all, one factor is driving growth in our industry: more passengers are in the air. Year on year, we see flight hour growth rates of more than 6 percent. The Geared Turbofan engine family will serve this growth. It is one of the most advanced propulsion systems in the market and plays an important role in MTU’s commercial aircraft business – from an OEM as well as from a maintenance perspective. MTU Aero Engines is looking forward to run on of the world’s most efficient maintenance shops for GTF engines and master the upcoming high volume together with Lufthansa Technik. Alongside our subsidiary MTU Aero Engines Polska in the immediate vicinity, this step is part of MTU’s global ramp-up plan.”
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Work on the construction site began in mid-June this year. The area has already been levelled and over 60,000 m³ of soil have been moved. The building platform is almost complete and foundation works have begun. The construction site for EME Aero service center consists of about 160,000 m²; this corresponds to approximately 23 football fields. The construction of the facility, including one of the most advanced test cells worldwide, will be completed by the end of 2019.
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Ryanair has lowered its full year profit guidance (excluding Laudamotion) from a current range of €1.25 billion – €1.35 billion, to a new range of €1.10 billion – €1.20 billion due to lower traffic and weaker close in fares in September, caused by 2 days of coordinated pilot/cabin crew strikes in Germany, Holland, Belgium, Spain and Portugal, as well as lower third quarter fares as forward bookings (particularly for the Oct school mid-terms and Christmas) and customer confidence are affected by fear of further strikes and higher EU261 care and re-accommodation costs arising from these recent strikes and higher prices (US$82pbl) for unhedged oil (10%).
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Ryanair’s Michael O’Leary said: We now guide full year 2019 PAT in a new range of €1.10bn to €1.20bn (previously €1.25bn to €1.35bn). Second quarter fares are down approx. 3% (previously guided +1%) due to the weakness caused to close-in bookings and fares mainly as a result of these 2 (5 country) co-ordinated strikes in September.
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We had until last week expected stronger third quarter fares to recover softer second quarter yields but over the past week third quarter fares and customer confidence, have been affected by worries about possible strikes.
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We are now guiding second half fares down 2% (previously flat). Our fuel bill will be approx. €460 million higher (previously €430 million) than last year and “Other Costs” will be negatively impacted by higher EU261 care and re-accommodation costs. Our slower traffic growth in second half will cut full year 2019 traffic to 138 million (previously 139 million excluding Laudamotion).
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Bombardier Business Aircraft has announced that its Global 7500 has been awarded Transport Canada Type Certification, which will enable it to enter into service this year. Certification by the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA) should follow in due course.
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“The certification of our clean-sheet Global 7500 business jet is a defining moment for Bombardier, for our employees and for the industry, as we approach entry-into-service,” said David Coleal, President, Bombardier Business Aircraft. “Thanks to the rigour and innovation of our design and test program, the Global 7500 aircraft has succeeded in elevating every standard by which a business jet is measured – comfort, luxury, performance and a smooth ride. At entry-into-service, this aircraft will meet the latest and all of the most stringent certification requirements and is set to redefine international business jet travel. We couldn’t be more proud of this achievement.”
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The Global 7500 aircraft has accumulated more than 2,700 flight hours since its flight testing program began in November 2016.
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The Supervisory Board of Deutsche Lufthansa AG approved the purchase of 27 short- and medium-haul aircraft. Purchase options for 24 Airbus A320neo and three A321neo will be converted into firm orders. With this decision, the Lufthansa Group is reacting to the positive market and earnings development and thus ensuring the necessary fleet size in the coming years. The total investment of this order amounts to a list price of about US$3.0 billion. This increases the total number of A320neo and A321neo orders to 149 for the Group, 13 of them are already operating with Lufthansa.
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The A320neo and A321neo (short for new engine option) are scheduled for delivery in 2023 and 2024. Ten of the 27 new aircraft are intended for SWISS, the remaining aircraft will be in service by other flight operations within the Aviation Group. One part of the order will be equipped with Pratt & Whitney engines (PW1100G), the other with LEAP-1A engines from CFM International. This means that both engine types will continue to be available to the Lufthansa Group in roughly equal proportions for the “neo” family.
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GA Telesis' current shareholder Tokyo Century Corporation (Tokyo Century) along with All Nippon Airways Trading Company (ANATC), have collectively entered into a definitive agreement to acquire all shares held by Global Principal Finance Company (GPFC).
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Tokyo Century’s ownership after the closing of the transaction will increase to 49.2% and ANATC will acquire a 10% interest in the Company. Tokyo Century and ANATC expect the transaction to close in October 2018.
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Separately, GA Telesis, Tokyo Century and ANATC have reached an in-principle agreement to form a commercial engine leasing joint venture focusing on current technology jet engines. The equity will be provided by each party and the joint venture will be managed by GA Telesis.
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The additional investment by Tokyo Century will bolster and further diversify Tokyo Century’s existing aviation investment platform, which also includes a 20% holding in Aviation Capital Group, the world’s premier aircraft leasing company, as well as a 16.7% position in Jetstar Japan.
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Airbus Helicopters has delivered one H135 to Health Commission of Qingdao in China’s Shandong Province, making this helicopter the first of 100 H135s to be delivered to China per a framework agreement signed in June 2016.
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The H135 was delivered in HEMS configuration, fully equipped with the latest medical interior, and will perform life-saving EMS missions in Qingdao and the surrounding area. It is the first H135 to be delivered to China with Airbus’ latest generation Helionix avionics suite, which increases safety and decreases pilot workload.
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Alitalia has signed a contract with CrossConsense to implement the CROSSMOS® eTLB. The decision to implement an electronic techlog is part of the process of “paperless maintenance” and the reason for Alitalia for heading towards paperless maintenance is not only saving paper, environmental resources, time and money but also to accelerate the provision and transmission of information.
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Thanks to the new agreement signed with CrossConsense, Alitalia will be able to save more than 10 tons of paper every year, with a significant reduction of the effects of the environmental impact.
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Furthermore, the CROSSMOS® eTLB solution implemented by the airline will facilitate and accelerate analysis, transmission and share of crucial information in the maintenance processes. The reason for deciding in favour of CROSSMOS was the fully functional bi-directional interface to the maintenance backend system of the Alitalia group as well as the open and honest negotiations during the decision process.
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Alitalia had a clear vision in mind when it decided to move forward with the “Paperless maintenance” process: in order to pursue efficiency and effectiveness in every single maintenance process, eTLB was a mandatory step and the best solution to implement a real “paperless maintenance”.
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MTU Maintenance, a global leader in customized solutions for aero engines, signed a five-year V2500 contract with Asiana Airlines.
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The contract covers the maintenance, repair and overhaul of 40% and engine trend monitoring for all of Asiana Airline and its subsidiaries’ V2500 fleet. The deal is worth around €245 million.
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Asiana Airlines is a South Korean passenger and cargo carrier operating domestic and international flights for approximately 100 routes. The airline and subsidiaries have a combined fleet of 125 V2500 engines, including spares, operating on their A321 aircraft.
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Chorus Aviation's subsidiary, Voyageur Aviation Corp., has expanded its product offerings with the acquisition of a Q400 aircraft for their Voyageur Avparts division.
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Disassembly is scheduled for early November and the inventory will be available to support Q400 operators worldwide.
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Voyageur Aviation has previously acquired Dash 8-100, Dash 8-300 and CRJ200 inventory to support regional operators, and now adds the Q400 aircraft to this product line.
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Alton Aviation Consultancy, a boutique aviation consulting firm, has further extended its global reach with the opening of a new office in the Shinagawa district of Tokyo. With its existing offices in New York, Hong Kong, Beijing, and Dublin, Alton now has a local presence in the world’s leading aviation and aerospace centres.
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The Tokyo office will be led by the firm’s newly-appointed Director, Yuichi Takayama, who has significant experience providing advisory services to clients in the Japanese aviation sector. Mr. Takayama has successfully managed a wide range of aerospace projects with both commercial and public sector clients. Takayama earned an Aerospace MBA at Toulouse Business School in France and spent time undertaking an executive internship at the headquarters of Airbus.
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