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LATEST NEWS
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Friday, May 3rd, 2019
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Only three months after acquiring the wing manufacturing unit from Triumph Group, Bombardier has announced its intention to sell both its wing-making plant in Belfast, Northern Ireland, and its
aerostructures plant in Morocco. While both enterprises supply customers beyond Bombardier, 3,600 jobs are now at stake in Belfast, while the Morocco unit has over 400 employees.
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The move comes as part of Bombardier’s strategy which, according to a company statement, will see the “strategic formation of Bombardier Aviation, consolidating all aerospace assets into a single, streamlined and fully integrated business.” Core assets will be in Montreal, Mexico and Texas, according to a Bombardier statement from Thursday, May 2, the division being led by David Coleal, the head of Bombardier’s business-jet operations.
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The Canadian plane and train maker confirmed it would look for a buyer that would “operate responsibly and help us achieve our full growth potential,” promising to work closely with employees and unions during the sale process.
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The trade union Unite has been seeking reassurances that the Northern Ireland plant will remain operational if a buyer cannot be found. While the set-up may be of interest to Airbus, which has invested heavily in what is a current JV with Bombardier for the former Bombardier CSeries, now Airbus A220 family of single-aisle jets, Brexit uncertainty may well hold the French plane maker back. The principal problem here lies in the lack of clarity over trade tariffs between the U.K. and Europe that will be put in place post Brexit.
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The French Polynesia airline Air Tahiti Nui has entrusted AFI KLM E&M with the maintenance of the APS5000 auxiliary power units (APU) equipping its fleet of four Boeing 787-9 aircraft. The long-term contract includes repair and overhaul support, as well as the leasing of a spare APU when needed. All the work will be carried out by EPCOR, a wholly-owned subsidiary and part of AFI KLM E&M's global MRO network.
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The contract is the latest development in a strong partnership between Air Tahiti Nui and AFI KLM E&M, which also provides component, engine and line maintenance services for the Polynesian carrier's Dreamliners.
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HeliStream, the US flight training specialist, has selected Rusada’s ENVISION as their MRO and Flight Operations software.
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From its base in Costa Mesa, California, HeliStream offers flight training as well as a range of other services including utility/aerial crane, firefighting, charters and photography. To do this, the operator utilizes a fleet of 25 helicopters comprising of Robinson, Airbus, Bell, Sikorsky, and MD models.
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HeliStream was founded by Rod Anderson and Barbara Perrin, both US Army trained pilots, who envisioned a flight school that combined the military’s syllabus-directed and structured training program with a fleet maintained to the highest FAA standards.
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HeliStream has signed up for ENVISION’s Fleet Management, Base Maintenance and Flight
Operations modules as well as four others, which will be implemented over the coming months. Go-live is set for September 2019.
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Spirit's first quarter 2019 revenue was $2.0 billion, up from the same period of 2018. This increase was primarily driven by higher production volumes on the Boeing 737 and 787 programs, favorable model mix on the Boeing 737 program and higher revenue recognized on the Boeing 787 program, partially offset by lower non-recurring activity on certain Boeing programs.
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Spirit's backlog at the end of the first quarter of 2019 was approximately US$48 billion, with work packages on all commercial platforms in the Boeing and Airbus backlog.
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Operating income for the first quarter of 2019 was US$233 million, up compared to US$160 million in the same period of 2018. This increase was primarily due to higher production volume and model mix on the Boeing 737 program, the absence of forward losses recognized on the Boeing 787 program during the first quarter of 2018 and higher margin recognized on the Airbus A350 program. First quarter EPS was US$1.55, up compared to US$1.10 in the same period of 2018. First quarter adjusted EPS was US$1.68, excluding the impact of the planned Asco acquisition.
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Cash from operations in the first quarter of 2019 was US$242 million, up compared to US$167 million in the same quarter last year, primarily due to higher receipts from customers and lower incentive compensation payments. Adjusted free cash flow in the first quarter of 2019 was $209 million, compared to US$118 million in the same period of 2018. Cash balance at the end of the quarter was US$1.2 billion, which provides the funds necessary to complete the acquisition of Asco.
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GECAS has delivered the first Boeing 737-900ER to Nordwind subsidiary Ikar Airlines, which operates as Pegas Fly. The aircraft is the first 737-900ER to be operated by a Russian airline and one of three which GECAS will provide Pegas Fly this year.
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The airline, headquartered in Krasnoyarsk and based at Yemelyanovo International Airport, mainly operates flights from Zhukovsky International Airport to tourist destinations in Europe, Africa and Asia.
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AeroGuard Flight Training Center have reached a new pilot training agreement with The Ministry of Land, Infrastructure, and Transport (MOLIT) of the Republic of Korea, Uljin Flight Academy of the Republic of Korea, Korean Aviation College (KAC), and Korea Aerospace University (KAU).
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The newly signed agreement between AeroGuard Flight Training Center and its international partners from the Republic of Korea marks the renewal of an existing long-term partnership. The new agreement will extend until 2024 and will see Korean cadets training at AeroGuard’s headquarters in Phoenix, Arizona, its new campus in Austin, Texas, and other flight school locations.
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Over the course of the new agreement, AeroGuard will train hundreds of new Korean pilots, helping to meet the continuing increase in demand from commercial airlines. Boeing projects that nearly
800,000 new pilots will be needed worldwide within the next 18 years. The Asia-Pacific region will be at the forefront of global demand requiring approximately 261,000 newly-trained pilots.
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Responding to a critical need for aviation maintenance technicians, Collins Aerospace Systems has unveiled the first Aviation Maintenance Technician (AMT) apprenticeship with Coastal Alabama Community College at its aerostructures facility in Foley, Alabama. This four-year program will provide apprentices with on-the-job training, college credit toward an associate’s degree in airframe technology and a Federal Aviation Administration airframe license.
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This program, recognized by the U.S. Department of Labor and benchmarked by the top
apprentice programs globally, goes beyond the classroom by showing students with an interest in aviation and mechanics how to apply these skills in real life. These students will have the opportunity to work alongside mechanics in the facility.
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In 2017, Collins announced the expansion of its Foley facility, and has exceeded its commitment to bring 260 additional jobs to the area and now employs over 1,000 people. This apprenticeship demonstrates Collin’s continued vested interested in developing the local Alabama workforce.
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Air Arabia has chosen AMOS as their new MRO software to address the demands of a dynamic, fast-changing industry. In a ceremony held at the headquarters of Air Arabia in Sharjah, the CEOs of Swiss-AS and Air Arabia signed the contracts, paving the way to implement AMOS and marking the beginning of a long-term partnership.
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As the low cost carrier is performing light and heavy maintenance in-house, Air Arabia have opted for the AMOS Airline-MRO Edition, which provides all the functions needed to cover the entire spectrum of the carrier’s maintenance operations efficiently.
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Air Arabia envisages a significant fleet increase with the intention to operate 100+ aircraft by 2025. With AMOS, the Middle Eastern carrier has taken a sustainable and future-proof decision
that will not only support the fleet growth but also the digital transformation process towards paperless operation. Besides AMOSdesktop, the budget carrier will implement AMOSmobile to equip its maintenance staff in the hangar and on the apron with a fully integrated and easy to use software tool.
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Aergo Capital has acquired one Boeing B737-800 aircraft (MSN 37247) from a Dublin based lessor. The aircraft was subsequently leased by Aergo to Miami Air International (United States) on a long-term operating lease.
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Aergo Capital’s CEO Fred Browne said, “This acquisition is another step towards implementing Aergo’s strategy of acquiring younger aircraft and supports the growth and diversification of our portfolio. We look forward to developing our partnership with Miami Air.”
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Air Partner has appointed Paul Dollman as Non-Executive Director of the Company with effect from May 1, 2019. He will also take up the role of Chair of the Audit and Risk Committee, replacing Shaun Smith, with effect from June 26, 2019, being the date of Air Partner’s 2019 Annual General Meeting.
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Dollman has significant PLC experience and has held Chair and Non-Executive Director positions at a range of listed companies. In addition, he has excellent knowledge of the aviation industry, having been Group Finance Director at John Menzies PLC, the holding company of Menzies Aviation, from 2002 to 2013. He understands the sector’s operational, strategic and commercial environment well, and is credited with nearly trebling Menzies Aviation in size during his tenure.
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