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Wednesday, November 28th, 2018
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LATEST NEWS
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With the successful acquisition of Rockwell Collins, United Technologies Corp. (United Technologies) has announced its intention to divide up its commercial businesses into three major companies – United Technologies, Carrier and Otis.
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Carrier will produce HVAC, refrigeration, building automation, fire safety and security products, while Otis will manufacture elevators, escalators and moving walkways.
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United Technologies will comprise Collins Aerospace Systems and Pratt & Whitney. Collins Aerospace Systems is a new company created through the acquisition of Rockwell Collins which, according to United Technologies “is one of the largest in aerospace history. It brings together Rockwell Collins and UTC Aerospace Systems to create Collins Aerospace Systems, an industry leader with a global presence of 70,000 employees in 300 sites and US$23 billion in annual sales on a 2017 pro forma basis.”
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According to United Technologies Chairman and Chief Executive Officer Gregory Hayes, "Collins Aerospace brings together two great companies with unmatched expertise in developing electrical, mechanical and software solutions. We will have a laser focus on developing innovative solutions for customers and generating strong returns for shareowners."
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United Technologies will be the preeminent systems supplier to the high-growth commercial aerospace and defense industry, with a unique portfolio of technologies and scale to invest through economic cycles. Combined sales of the two businesses totaled US$39.0 billion in 2017 on a pro forma basis.
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Collins Aerospace Systems will supply electrical, mechanical and software solutions across all major segments of the aerospace industry and serves commercial and military customers. Pratt & Whitney is a global leader in aircraft propulsion with a growing number of engine programs including the revolutionary Geared TurbofanTM commercial engine and the F135 military engine for the F-35 Joint Strike Fighter program.
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Atitech, the Italian MRO has been granted approval to add the Airbus A320neo aircraft to its MRO capabilities.
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Following the EASA Part 145 certification, announced on Nov. 21, the new generation aircraft type has been added to its base maintenance capability with its technicians now able to provide airframe support.
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Moroccan national flag-carrier, Royal Air Maroc, is adding an additional ATR 72-600 to its fleet. This will bring its total ATR 72-600 fleet to six aircraft.
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The aircraft will be delivered before the end of the year and will be configured in the same dual-class configuration as the airline’s current ATR fleet.
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Royal Air Maroc was the launch customer for the ATR-600 series and took delivery of their first ATR 72-600 in 2011. In the following seven years, ATR has delivered in total over 500 ATR-600 series aircraft.
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Jeff Yeager has been promoted to Program Manager, Landing Gear/Accessory Program at West Star's GJT facility.
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Yeager was hired in 2011 and has been instrumental in helping to develop West Star's Grand Junction Landing Gear Program which includes service for Challenger, Hawker/Textron and Phenom, while also expanding our Learjet and King Air capabilities.
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In addition to be a Certified Trainer on Phenom 100/300, he participated in the planning, development and execution of the readiness plan for the Phenom Landing Gear contract.
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Yeager will report to Dave Krogman, General Manager, West Star Aviation - Grand Junction.
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CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has entered into a lease agreement with Palma de Mallorca-based Evelop Airlines (Evelop), covering one Airbus A330-300 aircraft.
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Evelop Airlines is a Spanish airline based in Palma de Mallorca, with an operating base at Madrid Barajas Airport. The airline is a subsidiary of travel and tourism conglomerate, Avoris Travel Group, and operates scheduled and charter services in collaboration with fellow group carrier, ORBEST (Portugal), on behalf of tour operators.
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Honeywell is making flight operations more efficient by offering an online portal with a new look that helps operators perform multiple tasks and manage flights from start to finish — all from one convenient interface.
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Honeywell’s new GoDirect® Portal provides flight, tracking and cabin connectivity service customers with a single login. This links previously separate portals to help with flight tracking, planning, and managing cabin services and connectivity usage. Now, multiple users can view and update aircraft and flight information in real time, via a mobile-optimized website.
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“There are a lot of people and processes involved in making sure every flight is safe, on time and comfortable,” said John Peterson, senior director, Connectivity Services, Honeywell Aerospace. “Like a symphony orchestra with one person out of key, one problem in the flight planning process can have a negative domino effect and cause delays. With the GoDirect Portal, pilots, operators and maintenance crews have a central location for all their flight information. The result is a flight that’s perfectly in key.”
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Dubai Aerospace Enterprise (DAE) has released that its Board of Directors and Shareholders had authorized an additional US$300 million for bond repurchases to be conducted through open market transactions. To date, DAE has repurchased US$295 million of principal amount of its publicly traded bonds under the previous authorization of US$300 million.
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DAE Chief Executive Office Firoz Tarapore said: “The current trading levels of our bonds are not consistent with our current credit ratings, strong financial performance or our projected ratings trajectory. We continue to generate cash and capital at a rate that allows us the flexibility to remove inefficient components of our liability structure, and improve our gross leverage ratios.”
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DAE currently has US$3.0 billion of publicly traded bonds outstanding in the US capital markets.
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German-based leisure airline Sundair has purchased four CFM56-5B engines to power two new Airbus A320ceo aircraft, valued at US$45 million list price.
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Sundair began commercial operations in 2017 and currently operates a total of four A320ceo aircraft, including the two recently introduced CFM56-5B-powered aircraft. The company plans to expand its operations throughout Europe.
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Vallair the aircraft trading, leasing and specialist MRO organisation, has completed delivery of their first B737-400F to Guangdong Longhao Aviation Group of China for a Boeing 737CL. The aircraft (MSN27916) was previously operated by Japan Transocean Airlines and was converted at Gameco in Guangzhou under a Pemco STC (Supplemental Type Certificate).
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Guangdong Longhao Aviation Group operates five B737-300F using its own fleet, as well as leased aircraft. Its mission is to become southern China’s preferred neutral asset provider of freighter aircraft capacity.
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Longhao Airlines is a Chinese cargo carrier based at Guangzhou Airport. It was established by Guangdong Longhao Aviation Group, with a registered capital of CNY400 million (US$61.6 million). The carrier operates freight services on domestic and international sectors, including Hong Kong, Macau and Taiwan. Longhao Airlines was approved by the Civil Aviation Administration in 2016, achieving operational qualification and undertaking its maiden voyage in nine months.
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Cadence Aerospace, a provider of highly complex aerospace components and assemblies to commercial and defense customers, has appointed Vivian Martinez-Wells as Director, Business Development & Contracts, Cadence Aerospace–Aerosystems.
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Martinez-Wells joins the Company’s expanding Business Development team and reports to Robert Saia, Senior Vice President, Business Development for Cadence Aerospace. In her new role, she will collaborate on market expansion and brand projection strategies, working to identify new business opportunities, strengthen employee sales teams, and foster both new and existing customer relationships.
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Täby Air Maintenance, TAM, has signed a contract for a series of A-checks on UK-based Eastern Airways’ fleet of Saab 2000s.
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The agreement covers all seven aircraft and will be executed during the spring of 2019, with the final aircraft returned to service with Eastern Airways in mid-May.
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"We are very pleased and grateful to signing this deal with long-time customer Eastern Airways, again confirming our position as the leading provider of maintenance and support for the large Saab 340/Saab 2000-fleet," says Pär Gulle, TAM Managing Director.
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"Thanks to a very close collaboration with the technical department of Eastern Airways, we have been able to schedule each and every A-check very closely to the rotating of the individual aircraft, in order to minimize Eastern’s down-time. With a current high demand for our services, with staff on a two-shift scheme, TAM is proud to still be in a good position to always being able to fulfil the need from current as well as new customers," Pär Gulle summarizes.
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UPCOMING EVENTS
February 19 - 20, 2019 – Palma de Majorca, Spain
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