GKN Aerospace has agreed a long term agreement with Rolls-Royce to supply components for the latest version of the Trent 1000 engine – a capability enhancement of the existing Trent 1000 engine for the Boeing 787. This LTA is estimated to be worth more than US$200m over the life of the agreement. The agreement gives
Fokker Services, part of Fokker Technologies, reported that a total of thirty-six Fokker aircraft were placed with four new as well as nine existing Fokker operators during 2014 by their respective aircraft sellers and lessors. These comprise thirteen Fokker 50s, ten Fokker 70s and seven Fokker 100s. In addition, leases were extended on two Fokker
A Sukhoi Superjet 100 aircraft joined the fleet of Russian airline — Red Wings. The aircraft with tail number RA-89021 was ferried from the Delivery Center of Sukhoi Civil Aircraft Company to Domodedovo International Airport — home base of the airline. In just a couple of days the SSJ100 delivered to Red Wings will be
Bombardier Commercial Aircraft welcomed leasing company Elix Aviation Capital Limited (“Elix”) to the family of Q400 aircraft owners and operators. Elix is taking an assignment of three Q400 NextGen aircraft previously booked by an existing Bombardier customer. Dublin-based Elix was launched in September 2013 with the equity backing of Oaktree Capital Management, a premier global
While the use of carbon-fibre reinforced plastic (CFRP) has become a mainstay in aircraft production, many are unaware that there is more than one type that can be leveraged. In its continuing role as an innovation and environmental leader, Airbus is working to take maximum benefit of “thermoplastic” CFRP material – which holds several key
The year 2014 ended for ATR beating last years’ records in sales; deliveries, turnover and backlog. The aircraft manufacturer’s sales increased to 160 aircraft, along with 120 options, exceeding the previous 2011 record (157 firm sales and 79 options). ATR also achieved a record turnover in 2014, reaching US$1.8bn dollars (US$1.63bn in 2013), and increased
MTU Maintenance, one of the leading engine MRO providers worldwide, has signed an exclusive maintenance agreement with the Japanese low-cost carrier Solaseed Air which covers all 24 CFM56-7B and -7BE engines powering the airline’s fleet of 12 Boeing 737-800 aircraft. The contract will run for twelve years and has a value of about €200m (US$260m).
Delta’s pre-tax income for the December 2014 quarter was US$1.0bn, excluding special items, an increase of US$474m over the December 2013 quarter on a similar basis. Delta’s net income for the December 2014 quarter was US$649m and its operating margin was 12.6%, excluding special items. For the full year 2014, Delta’s pre-tax income, excluding special
EOS, the global technology and quality leader for high-end Additive Manufacturing (AM) solutions, and MTU Aero Engines, Germany’s leading engine manufacturer, are closely cooperating with view to quality assurance for metal engine components using Additive Manufacturing. The two companies have now signed a framework agreement for the joint strategic development of their technology. The first
It was only eighteen months ago aviation news was reporting that Airbus and Boeing airframes were being retired after only 15 years in service. The reason – high fuel prices. This meant that demand for air travel remained relatively static and few expanded routes or new airlines were appearing. At the time, the UK’s Air
