Daily2018-02-20

Tuesday, October 23rd, 2018

beachaviationsponsor2018-04-03

LATEST NEWS

Aegean Airlines selects Pratt & Whitney GTF engines to power up to 62 Airbus A320neo Family aircraft

Aegean Airlines has selected the Pratt & Whitney GTF™ engine to power up to 62 Airbus A320neo Family aircraft: 30 firm, 12 option, and up to 20 leased aircraft. Pratt & Whitney will also provide the airline with engine maintenance through a long-term EngineWise® Comprehensive service agreement.

Since entering into service in early 2016, the GTF engine has demonstrated its promised ability to reduce fuel burn by 16%, to reduce NOx emissions by 50% to the regulatory standard and to lower the noise footprint by 75%.

Pratt & Whitney already powers the airline's fleet of 49 A320ceo family aircraft with V2500® engines. The Athens-based airline's subsidiary company, Olympic Air, also currently operates 12 PW100-powered regional Turboprop aircraft.

The V2500 engine is offered through IAE International Aero Engines AG, a multinational aero engine consortium whose shareholders comprise Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH; Japanese Aero Engines Corporation; and MTU Aero Engines GmbH.

EngineWise includes engine fleet data analytics and real-time intelligence to predict and prevent engine disruptions before they occur, significant investments in new technology and resources to improve responsiveness and flexibility, and a growing portfolio of service offerings.

SR Technics

Norwegian adopts new technology that reduces CO2 emissions by 16,000 tons per year

Following a successful test project, Norwegian will expand its cooperation with AVTECH Sweden AB to further reduce fuel consumption. A report by the Swedish Energy Agency, which partly financed the project, shows that fuel consumption was reduced by 22 kilos per flight. This equals an annual CO2 reduction of 16,000 tons - or a reduction of 5,000 tons of fuel per year, which in turn leads to reduced costs for Norwegian.

The new technology, Aventus Air™ weather service, provides Norwegian’s pilots with highly accurate wind and temperature information in accordance with their flight plan. Data is transferred to the aircraft’s systems, which makes it possible to optimise the flight path for improved fuel efficiency and reduced emissions.

"We work actively to reduce emissions. We have one of the youngest and most environmentally friendly fleets in the world, which has enabled us to reduce emissions by more than 30% since 2008. Our ambition is to continue to reduce emissions per passenger with fuel-efficient aircraft and with innovative technology. The AVTECH project demonstrates that fuel consumption can be further reduced by using advanced weather data. We are looking forward to establishing a permanent partnership that benefits both the environment and Norwegian's costs," says Tomas Hesthammer, Norwegian’s Director of Flight Operations.

The project has been partly financed by the Swedish Energy Agency, which has published a report on the test project. Data from a total of 29,000 flights completed in November and December 2017 have been analysed. The results show a reduction of 640 tons of fuel on Norwegian’s flights during this period. This corresponds to an annual CO2 reduction of 16,000 tons, or an annual reduction of 5,000 tons of fuel on Norwegian’s flights.

Safran wins new wheel and brake contract from Turkish Airlines

Turkish Airlines has chosen wheels and carbon brakes from Safran Landing Systems for its fleets of 25 Airbus A350-900 and 25 Boeing 787-9 long-range aircraft, set to enter service starting in 2019. The contract was announced during a signing ceremony at the MRO Europe trade show in Amsterdam.

With this latest contract, Safran Landing Systems bolsters its leadership in the market for wheels and brakes on long-range commercial jets. On the Airbus A350, it provides a carbon brake which is the lightest on the market while helping reduce fuel consumption. On the Boeing 787, the company's electric brake saves weight while retaining excellent thermal absorption capacity, higher dispatch reliability, simplified maintenance and longer service life.

Royal Aero

Honeywell delivers third-quarter reported sales growth of 6%

Honeywell sales for the third quarter were up 6% on a reported basis and up 7% on an organic basis. (The difference between reported and organic sales primarily relates to the impact of foreign currency translation). Third-quarter reported earnings per share was US$3.11, which includes US$233 million of separation costs (including net tax impacts) associated with the Garrett and Resideo spin-offs and a US$1 billion favorable adjustment to the charge the company took in the fourth quarter of 2017 related to U.S. tax legislation.

Aerospace sales for the third quarter were up 10% on an organic basis driven by robust demand from business aviation original equipment manufacturers, continued strength in the U.S. and international defense business, growth in the air transport and business aviation aftermarket, and demand for light vehicle gas turbochargers in Transportation Systems (which was spun-off as Garrett Motion Inc. effective October 1). Segment margin expanded 80 basis points to 22.1%, primarily driven by higher defense and aftermarket volumes, Commercial Excellence and lower customer incentives.

Airbus and China Airlines present A350-900 with special joint livery

Taiwan’s China Airlines (CAL) has taken delivery of its newest A350-900 aircraft, which features a unique joint livery that combines the airline’s distinctive plum blossom logo with Airbus’ exclusive A350 XWB carbon fibre pattern.

Following this delivery, China Airlines now has 14 A350-900 aircraft in its fleet. The airline operates these aircraft on non-stop long haul routes, including services from Taipei to Europe and North America as well on selected routes in the Asia-Pacific region.

Since entry into service in 2015, the A350 XWB has established itself as the new long range leader in the larger twin aisle category. Over 200 aircraft are already in service with 22 airlines, flying primarily on long haul routes.

AerFin

West Star Aviation nears completion of new hangar at East Alton, ALN facility

West Star Aviation is nearing completion of construction on a new 60,000 ft² hangar at its East Alton, IL (ALN) location. This hangar is anticipated to be operational by the end of fourth quarter of 2018.

The hangar features 40,000 ft² of hangar space and 20,000 ft² of back shop and office space and will support West Star's growing capabilities allowing the company to fully expand existing aircraft maintenance programs. This planned growth will employ an additional 28 technicians to support the expansion, in addition to their existing hiring efforts.

"We are pleased to expand our East Alton facility. With this hangar, we occupy over 380,000 ft² of hangar and shop space at St. Louis Regional Airport," said Scott Sweeney, General Manager, West Star Aviation. "Having a new hangar provides us the necessary capacity to continue offering world-class service to our customers and ensure we meet scheduled deadlines," Sweeney continued.

Kellstrom Aerospace appointed by AMETEK Thermal Management Systems as distributor for FMH aerospace products

Kellstrom Aerospace has been selected by Thermal Management Systems (TMS) of AMETEK Aerospace & Defense as its authorized distributor for FMH Aerospace products. With the signing of this agreement, Kellstrom Aerospace is approved to solicit business for FMH commercial spares globally.

AMETEK acquired FMH Aerospace, based in Irvine, CA, earlier in 2018. It is a leader in products used by the aerospace, defense and space industries to transfer fluids and gases at extreme temperatures and pressures in highly demanding applications.

“AMETEK Thermal Management Systems has a strong suite of technologies deployed across many platforms. Adding FMH Aerospace to our AMETEK portfolio represents a significant milestone for Kellstrom Aerospace,” comments Kellstrom Aerospace Executive Vice President - Distribution Daniel Adamski.
“We view the addition of FMH Aerospace products to the AMETEK Thermal Management Systems (TMS) Global Distribution Agreement as the next logical step in the long-term aftermarket channel partnership between AMETEK TMS and Kellstrom Aerospace, and it facilitates yet another logistical solution offered by Kellstrom Aerospace to our global customer base of nearly 1,200 customers in 86 countries.”

AJ Walter

Cadence Aerospace appoints Joyce Pae Chief Financial Officer

Cadence Aerospace, a provider of highly complex aerospace components and assemblies to commercial and defense customers, has appointed Joyce Pae as Chief Financial Officer (CFO) of Cadence Aerospace.

Pae has served as Interim Chief Financial Officer of Cadence Aerospace since September 10, 2018. In her new, permanent role as CFO, she is responsible for optimizing the financial performance of Cadence Aerospace, including managing the company’s finances, financial planning, risk management, record keeping, liquidity, financial reporting and return on investment.

She succeeds Don DeVore, who retired from Cadence Aerospace earlier this year. The entire Corporate Finance team will report to Ms. Pae, focusing on continued delivery of key business initiatives in partnership with the site Controllers.

Manta Air to take delivery of two ATR 72-600s

Manta Air, the new domestic airline in the Republic of Maldives, has secured its first two ATR 72-600’s through Nordic Aviation Capital (NAC).

The first will be introduced in November 2018, with the second planned to join Manta Air’s fleet before the end of the year. The aircraft will ensure improved connectivity between the beautiful Maldivian atolls.

They will be initially operating from the main Velana International Airport, to three airports: Kudahuvadhoo in Dhaalu atoll, Dharavandhoo in Baa atoll and Thimarafushi in Thaa atoll.

The eco-efficient ATR 72-600s will operate on domestic routes from runways as short as 1200 meters, thanks to their unmatched take-off and landing performance. The aircraft will feature a very comfortable and spacious cabin, with an increased legroom seat, offering a new travel experience across the Maldives.

C&L Aerospace

Ryanair reports 7% fall in first half 2019 profits

Ryanair has published its first half financial year 2019 results (PAT), reporting a 7% fall in profits to €1.20 billion (excl. Laudamotion losses). Higher fuel, staff and EU261 costs have offset strong ancillary revenue growth of 8%. Average fares declined 3% due to excess capacity in Europe, an earlier Easter in Q1, repeated ATC strikes/staff shortages which caused a spike in cancellations of higher fare, weekend flights.

Full year 2019 PAT is guided in a range of €1.10 billion to €1.20 billion (excl. Laudamotion). Following a 3% reduction in first half fares, Ryanair expects fares to fall by c.2% in the second half due to weaker than expected forward fares in the third quarter (particularly the October school mid-term and Christmas) and the absence of Easter in the fourth quarter. A 1% reduction in winter capacity means that full year 2019 traffic will grow by 6% to 138 million (141m incl. Laudamotion). The fuel bill will be approx. €460 million higher than last year and “Other Costs” will be negatively impacted by higher EU261 costs.

Ancillaries are expected to continue to perform strongly although the second half figures will be adversely impacted by timing differences on the recognition of certain fees arising from the adoption of IFRS 15 (positive impact in the first half). This guidance excludes (exceptional) start-up losses in Laudamotion of approx. €150 million (which are and will be consolidated in the Ryanair Group full year financial results).

AerFin and NORDAM expand strategic services agreement to include nacelle consignment for Airbus A320 engines

AerFin and NORDAM have announced an expanded strategic-services agreement to include consignment, exchange and lease-management of spare nacelles for V2500-A5 and CFM56-5B engines used on Airbus A320 aircraft belonging to A320-series operators in Europe.

Under the agreement, NORDAM airline customers may access AerFin-owned components and related operational support from its main rotable-distribution base near Gatwick Airport in London. The spares allow aircraft to remain in service while NORDAM repairs their thrust reversers and nacelles, preventing potentially costly ‘aircraft-on-ground’ downtime during maintenance.

"By furthering our cooperation with AerFin, we’re controlling inventory costs and improving access to flight-ready, certified components and assemblies," said T. Hastings Siegfried, Chief Operating Officer for NORDAM’s global repair and MRO group. "This geographically strategic arrangement underscores the NORDAM commitment to deliver consistently outstanding service and value to our customers, anywhere in the world."

Pentagon2000
AviTrader_Weekly_Headline_News_Cover_2018-10-22

click here to download the latest PDF edition

AviTrader Monthly MRO e-Magazine September 2018

click here to download the latest PDF edition

click here to subscribe to our other free publications

AIRCRAFT & ENGINE MARKETPLACE

click here to view in PDF aircraft and engines available for sale and lease

UPCOMING EVENTS


MRO Asia
November 6 - 8, 2018 – Singapore

Aircraft Economic Life Summit 2018
November 20, 2018 – Gibson Hotel, Dublin, Ireland
twitter linkedin