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Monday, November 12th, 2018
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LATEST NEWS
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In a joint announcement from Chicago and Paris, Boeing and Safran have confirmed that the 50:50 joint venture to produce Auxiliary Power Units (APUs) has received regulatory approval. This will enable the two companies to commence with designing, building and servicing aircraft APUs -onboard engines that are primarily used to start the main engines and power aircraft systems while on the ground and, if necessary, in flight. The initial team will perform design work in San Diego, California.
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Commenting on the news, Philippe Petitcolin, CEO of Safran, confirmed that "Safran is proud to launch this joint venture with Boeing in order to offer state-of-the-art APUs and enhance customer value. Together, we are committed to delivering innovative, highly technological and cost-competitive solutions to global customers. We are confident this joint team will provide first-class products and services within the best integrated industrial organization,"
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Safran currently supplies a wide range of components to Boeing commercial and defense programs, including as a partner to produce CFM's LEAP-1B engine for the 737 MAX (through CFM International, a 50/50 JV between Safran Aircraft Engines and GE). Boeing and Safran also are partners in MATIS, a joint venture in Morocco producing wiring products for several airframe and engine companies.
It has also been announced that Etienne Boisseau will become the Chief Executive Officer of the joint venture.
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SAS has reported that the number of passengers increased by 1.4% to 2.6 million in October 2018. Capacity and traffic declined by 0.6% and 1.0%, respectively. Passenger load factor was slightly down by 0.3 points to 74.6%.
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Air Lease Corporation has announcesd financial results for the three and nine months ended September 30, 2018. Revenue was US$451 million for the three months ended September 30, 2018, an increase of 19.6% and U$1.2 billion for the nine months ended September 30, 2018, an increase of 10.0%.
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Air Lease Corporation took delivery of seven aircraft from its order book representing US$682 million in capital expenditures, ending the quarter with US$15.1 billion in aircraft with a weighted average age of 3.8 years and a weighted average lease term remaining of 6.8 years. The company sold 10 aircraft to Thunderbolt II Aircraft Lease Limited during the quarter for sales proceeds of US$244 million.
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Air Lease Corporation ended the quarter with its aircraft order book 96% placed through 2019 and 82% placed through 2020 on long term leases and ended the quarter with US$24.1 billion in committed minimum future rental payments consisting of US$11.4 billion in contracted minimum rental payments on the aircraft in its existing fleet and US$12.7 billion in minimum future rental payments related to aircraft on order.
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In October 2018, the Lufthansa Group airlines welcomed around 13.2 million passengers. This shows an increase of 9% compared to the previous year’s month. Capacity was up 8.9% over the previous year, at the same time, traffic increased by 9.4%. Consequently the seat load factor increased by 0.4 points to 81.7% as compared to October 2017.
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Eurowings (including Brussels Airlines) carried around 3.7 million passengers in October. Among this total, 3.4 million passengers were on short-haul flights and 280,000 flew on long-haul flights. This amounts to an increase of 13.4 percent in comparison to the previous year. October capacity was 17.9% above its prior-year level, while traffic was up 19.0%, resulting in an increase of seat load factor by 0.8 points to 81.4%.
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STG Aerospace, the pioneering aircraft cabin lighting specialist, is delighted to announce that its Airbus liTeMood® solution is now FAA certifiied for the Airbus A318, A319, A320 and A321. This complements the EASA certification that it was awarded in August of this year.
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Airbus liTeMood® is a dynamic and configurable full colour, plug-and-play, programmable retrofit lighting system that provides a choice of over 16 million colours and can be used to create bespoke scenes – from northern lights to sunrises and sunsets to settings specifically designed to celebrate national holidays – in just minutes using a patented infrared wand.
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Designed to work with both classic and enhanced CIDS, the system can be installed in under 6 hours with no changes required to the aircraft’s wiring or control panels. Airbus liTeMood® also delivers a range of operational benefits, including an MTBF in excess of 55,000 operating hours, a weight saving of up to 20kg on an A320, and a reduction in power usage of 55% compared to incumbent systems.
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Air Transport Services Group, has completed the previously announced acquisition of Omni Air International (Omni Air), a passenger ACMI and charter services provider, along with related entities, for US$845 million, subject to customary adjustments.
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In contemplation of the Omni purchase, ATSG has agreed to amend its senior credit facility with a consortium of banks led by SunTrust Bank, previously dated May 31, 2016. The new amended agreement has an aggregate principal amount of US$1.28 billion, consisting of the continuing secured revolving credit facility of US$545 million, a continuing secured term loan with a current balance of US$60 million, and a new US$675 million secured term loan. The maturity date of these loans is May 30, 2023.
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The amended facility includes an accordion feature that would allow the total amount of borrowings under the facility to increase by up to US$400 million, assuming certain conditions and with bank consent. The total amount of additional debt ATSG and its subsidiaries may incur outside of the amended facility increases from US$300 million to US$500 million. Credit terms are consistent with the existing facility, including with respect to provisions limiting ATSG’s ability to declare or pay dividends or repurchase shares, and requires ATSG to maintain specified financial ratios and minimum collateral values, and meet other financial condition tests. The facility is secured by substantially all of ATSG’s Boeing 777, 767 and 757 aircraft.
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OEMServices and Japan Airlines have signed a 10-year component support agreement for the airline’s planned fleet of thirty-one A350 aircraft.
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With the support of major Original Equipment Manufacturers (OEM), OEMServices’ Original Integrated Services will cover the component repair, global component availability and 24/7 component support for Japan Airlines’ fleet of Airbus A350-900 and A350-1000 aircraft.
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Within the scope of this contract, OEMServices will be supporting Japan Airlines’ 31 Airbus A350, currently on-order, backed by its unique long-term source of know-how of the aviation industry’s supply chain. This agreement confirms OEMServices leading position on the A350 component aftersales support.
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“Without doubt, Dubai is a strategic location for us, since it is situated in the heart of one of the largest aviation markets. Moreover, being next to Al Maktoum International Airport and just half an hour drive from Dubai International, our new hub will be able to deliver engine stands to major world locations within just a couple of days or even hours,” shares Daiva Žemaitė, the Head of EngineStands24.
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The new hub will store stands for narrow-body aircraft engines, including those for CFM56-5A/B, CFM56-7B and V2500. The warehouse will also be supplemented with a range of wide-body aircraft engine stands. The hub, which is set to start operations in 1Q 2019 will become EngineStands24’s fourth location – the first outside Europe. The company is working to establish engine stand hubs in the USA and South-East Asia in the upcoming future.
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“Opening a new warehouse in Dubai is an important step for both Magnetic MRO and EngineStands24, as we keep expanding into the Middle Eastern MRO market. It complements our upcoming offerings in the region,” comments the CEO of Magnetic MRO, Risto Mäeots.
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ATR and Air New Zealand have signed an agreement to explore the role of new propulsion technologies, could play in the future of the regional aircraft ecosystem.
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Under the agreement the partners will investigate the development of these new solutions and the required systems to support them such as airport and regulatory infrastructure, maintenance, ground and flight operations.
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Air New Zealand Chief Executive Officer Christopher Luxon says with New Zealand’s renewable electricity supply and Air New Zealand’s comprehensive regional network, the country is seen as the ideal test bed for these technologies.
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“Hybrid aircraft are expected to enter the market in the next decade or so. Depending on when hybrid and electric technologies become available for larger turbo-prop aircraft, we believe there is potential for these to be a viable option for our regional network.
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“Our regional fleet accounts for approximately 40 percent of our domestic emissions so there’s an enormous opportunity for carbon savings. It could be a significant contributor to us reaching our twin goals of carbon neutral growth from 2020 and reducing emissions to 50% of 2005 levels by 2050.”
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Rolls-Royce has introduced a new Trent XWB Engine Change Service, with Hong Kong Aircraft Engineering Company Limited (HAECO Hong Kong) as its launch partner.
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The service enables Rolls-Royce customers to access its OEM expertise and supplier network, with Rolls-Royce acting as a one-stop shop to organise labour, parts and/or tooling for any Trent XWB engine change event.
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Offered on a time and material basis, Rolls-Royce customers are able to request a quote for their engine change event requirements from its 24/7 Aircraft Availability Centre, be that a home base or remote site location.
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HAECO Hong Kong has been selected as the first service provider to support Rolls-Royce in delivering the Engine Change Service, providing established capabilities and a long-standing relationship with Rolls-Royce.
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Rolls-Royce plans to continue to develop the service over time by creating a global network of service support providers, full integration with the CareStore services, including Foundation Services, and expansion of the service coverage to initially the Trent 7000 engine family, and potentially across the full Trent engine family.
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