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Monday, November 5th, 2018
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LATEST NEWS
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Subsequent to a Memorandum of Understanding (MOU) signed in July at the Farnborough International Airshow, Vietjet Aviation Joint Stock Company (Vietjet) has signed a firm order for 50 Airbus A320neo single-aisle jets, valued at approximately US$6.5 billion at list price.
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Nguyen Thi Phuong Thao Vietjet President and CEO commented: “The fuel efficient A321neo will enable us to increase capacity and help us to expand the network significantly, especially on international routes.
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This latest agreement takes the number of A320 Family aircraft ordered by Vietjet to 171, while 46 have already been delivered. This leaves the airline with a backlog of 125 aircraft on order with Airbus for future delivery, comprising 120 A321neos and five A321ceos.
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The A321neo is the largest member of the Airbus single-aisle family, seating up to 240 passengers in a single-class layout and is capable of flying up to 4,000 nautical miles non-stop. According to Airbus, to date the A320 Family has won more than 14,700 orders and over 8,000 aircraft are currently in service with 334 operators worldwide.
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GA Telesis (GAT) has reported that a major European airline has entered into an exclusive multi-year agreement to receive rotable component flight-hour support through GAT’s Intelligent Global Engine and Airframe Replenishment (“iGEAR”) program for its fleet of widebody aircraft.
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Launched in 2016 and managed by GAT’s Component Solutions Group (CSG), iGEAR programs provide airlines and operators with access to a global distribution network for rotable inventory and include 24/7/365 Live AOG support.
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The agreement will cover ten aircraft supported via GAT’s UK-based operations and customer support and distribution center. This agreement will support the airline for five years with a multi-million-dollar dedicated pool inventory supporting a span of 125,000 flight hours.
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In addition to rotable inventory support, they will also have access to GAT’s comprehensive in-house component and composite repair capabilities provided by GA Telesis MRO Services business units that will contribute to delivering cost reduction and streamlining the airline’s supply chain.
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United Airlines has submitted a formal application to the U.S. Department of Transportation (DOT) for authority to increase service between New York/Newark Liberty and Shanghai Pudong beginning in June 2020.
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If approved, United's second daily flight will create new opportunities for customers to conveniently connect to Shanghai from more than 90 U.S. and Canadian destinations served by United from New York/Newark.
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This proposed additional flight provides enhanced time of day coverage for customers traveling between New York/Newark and Shanghai, with United offering both a morning and afternoon departure from both New York/Newark and Shanghai. An expanded schedule will further enhance United's service as the only U.S. carrier serving mainland China and Hong Kong from the New York City area and in the Northeastern United States. From its East Coast hub at Newark Liberty International Airport, located just 14 miles from Manhattan, United plays a critical role in driving global economic development by providing connectivity between the region and key domestic and international business centers.
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Air Canada has reported third quarter 2018 EBITDAR of CA$1.265 billion compared to third quarter 2017 EBITDAR of CA$1.360 billion. Air Canada reported operating income of CA$840 million compared to operating income of $976 million in last year's quarter.
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The airline reported third quarter adjusted pre-tax income of CA$793 million compared to adjusted pre-tax income of CA$922 million in the prior year's quarter. On a GAAP basis, in the third quarter of 2018, Air Canada reported income before income taxes of CA$876 million compared to income before income taxes of CA$965 million in the third quarter of 2017.
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Air Canada reported adjusted net income of CA$561 million in the third quarter of 2018 compared to adjusted net income of CA$922 million in third quarter of 2017. On a GAAP basis, the airline reported third quarter 2018 net income of CA$645 million compared to third quarter 2017 net income of CA$1.723 billion. The net income in the third quarter of 2017 included an income tax recovery of CA$758 million.
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Net cash flows from operating activities of CA$371 million in the third quarter of 2018 decreased $122 million compared to the third quarter of 2017. Free cash flow of CA$470 million in the third quarter of 2018 represented an increase of CA$146 million from the third quarter of 2017. Third quarter 2018 free cash flow included net proceeds of CA$293 million from the sale of 25 Embraer 190 aircraft.
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Aireon LLC and FlightAware have announced that GlobalBeaconSM is live and providing airlines with global flight tracking ahead of the International Civil Aviation Organization (ICAO) Global Aeronautical Distress Safety System (GADSS) recommendations, which will be effective November 8, 2018. GlobalBeacon provides airlines with minute-by-minute global aircraft tracking for their aircraft at all times, anywhere in the world.
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GlobalBeacon is a first of its kind, turnkey solution that surpasses GADSS standards and recommended practices for flight tracking. By combining FlightAware’s data processing platform and web-interface, with Aireon’s space-based ADS-B network, GlobalBeacon transcends borders and Flight Information Regions (FIRs) and eliminates coverage gaps in polar airspace, over deserts and in oceanic regions. At the heart of GlobalBeacon’s capability is an aggregation of tracking information from Aireon’s space-based ADS-B network and FlightAware’s contextual flight data – including origin, destination, flight plan route and estimated time of arrival (ETA).
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Now live, GlobalBeacon enables airlines of all sizes to proactively position themselves to respond in the event of an emergency. It facilitates communication between the aircraft operator and the controller with constant fleet monitoring, automated distress alerts and tools that make it easy to share information.
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GE Additive and GE Aviation have announced that the Federal Aviation Administration (FAA) has given ‘change in design’ approval to replace a conventionally manufactured power door opening system (PDOS) bracket, used on GE Aviation’s GEnx-2B commercial airline engines that power the Boeing 747-8, with an additively manufactured bracket.
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The new additively manufactured brackets will enter mass production at GE Aviation’s facility in Auburn, Alabama, using GE Additive Concept Laser M2 cusing Multilaser machines this month. GE Aviation anticipates the first GEnx engines installed with the new brackets will be shipped in January 2019.
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The PDOS is used on the ground to open and close the fan cowl doors to enable access to the fan compartment for maintenance reasons.
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The original PDOS brackets on the GEnx-2B engines were produced from a solid block of metal, using conventional methods such as milling. This technique resulted in around 50 percent of the material being wasted. Now using direct metal laser melting (DMLM) additive technology to manufacture the new brackets, waste has been reduced by as much as 90 percent.
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GE Aviation has also improved the design to reduce the bracket’s weight by 10%.
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The decision to mass produce using a cobalt-chrome alloy over a traditional nickel-based superalloy has enabled a faster build. To make this approach as efficient as possible, four brackets will be printed at the same time.
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Using a bespoke, interlocking design to house all four brackets on a single build plate, the Concept Laser M2 cusing machine’s pair of lasers can print an aircraft’s worth of brackets in one build, before post-processing and inspection.
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Finally, by taking production of the brackets entirely in-house, GE Aviation will also reduce its production costs.
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Turboprop manufacturer ATR will attend the Zhuhai Airshow in China from 6-11 November and an ATR 42-600 with a specially designed Chinese livery will be on static display. ATR’s presence at Zhuhai represents its commitment to helping enhance regional connectivity with its aircraft family that delivers solutions for both the General Aviation and Regional aviation schemes.
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The ATR 42-600 will leave Zhuhai on November 7, to undertake a Demo Tour of other Chinese cities. The ATR 42-600 is a proven route opener that could be a perfect solution for developing air connections in China. In 2017, ATRs opened a record number of over 150 new routes, contributing to ATR’s status as one of the leaders in connecting people and communities with air links, whether for tourism or business.
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Despite a rapid growth in Chinese aviation since 1998, Regional Aviation in China remains underdeveloped. Regional aircraft comprise less than 2% of the Chinese fleet, compared with the global average of 25%. As part of the Demo Tour, ATR will also be showcasing its route development modelling system, this model shows the potential activity for non-existing regional city pairs and aims to support network design stakeholders.
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Air Transport Services Group has reported consolidated financial results for the quarter ended September 30, 2018.
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Third quarter 2018 (3Q 2018) customer revenues were US$204.9 million based on revenue recognition standards adopted in 2018. 3Q 2017 revenues were US$182.0 million excluding US$72.1 million in revenues from reimbursed expenses.
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GAAP earnings from continuing operations were US$32.9 million, vs. a loss of US$28.2 million in 3Q 2017. Provision for income tax was US$5.6 million for 3Q18. Due to deferred tax assets, including loss carryforwards, ATSG does not expect to pay significant federal income taxes until 2023 or later.
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Adjusted Earnings from Continuing Operations (non-GAAP) were US$21.5 million, up 40% from US$15.3 million in 3Q 2017. Adjusted Earnings from Continuing Operations exclude the net effects of warrants issued to Amazon.com, including a US$33.2 million loss from mark-to-market warrant revaluation in 3Q 2017, and a $2.0 million 3Q 2018 share of development costs for ATSG's Airbus A321 freighter conversion joint venture.
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Adjusted EBITDA from Continuing Operations (non-GAAP) was US$74.3 million, up 13%.
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Daniel Coffey has been appointed Regional Sales and Service Manager for Mexico, Central America and the Caribbean for StandardAero’s Airlines & Fleets team.
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Coffey, whose 25-year career includes spells with Honda Aircraft, Hawker Beechcraft and Landmark Aviation, will support a wide range of engines including the PT6A, JT15D and PW100.
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Norwegian’s nonstop service to Tampa Bay has commenced. The new twice-weekly service from London Gatwick to Tampa International Airport (TPA) offers holidaymakers a convenient nonstop service with direct access to Florida’s Gulf coast, as well as offering passengers more choice and flexibility when travelling to the sunshine state with Norwegian.
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In addition to the twice weekly service to Tampa, Norwegian has also increased its winter services to other Florida destinations from London Gatwick. The airline now offers a daily service to Fort Lauderdale, increasing from three flights per week and five weekly flights to Orlando up from three per week.
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UPCOMING EVENTS
November 6 - 8, 2018 – Singapore
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February 19 - 20, 2019 – Palma de Majorca, Spain
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