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LATEST NEWS
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Friday, November 18th, 2022
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Rolls-Royce has announced that its Advanced Low Emissions Combustion System (ALECSys) demonstrator engine has entered into its final testing phase with successful testing at altitudes up to 40,000 feet. The testing also included several engine relights under varying conditions.
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The ALECSys system involves an innovative lean-burn combustion system which improves the pre-mixing of fuel and air prior to ignition, enabling cleaner combustion of the fuel, which results in lower NOX and particulate emissions. Earlier, successful ground testing has included operating on 100% sustainable aviation fuel (SAF), icing, water ingestion, ground operability and emissions. The ability to test ALECSys low-emissions technology in flight will facilitate the verification of altitude operability performance while providing experience of operating a lean-burn system to maximise maturity ahead of a future entry into service.
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ALECSys is part of the UltraFan® engine demonstrator programme, which offers a 25% fuel saving over the first generation of Trent engines. The ALECSys programme is supported by the EU’s Clean Sky programme, and in the UK by the Aerospace Technology Institute and Innovate UK. Simon Burr, Director of Product Development and Technology, Civil Aerospace, Rolls-Royce, said: “We are very pleased to see the ALECSys engine now flying. This flight testing is a key part of our drive to not only improve engine efficiency but all aspects of environmental performance. It is part of the wider Rolls-Royce sustainability strategy, which also includes support for the increased use of sustainable aviation fuels (SAF) and intensive research into alternative propulsion architectures and technologies.”
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Peter Carter has been promoted to E.V.P. External Affairs, expanding his role leading Delta Air Lines' legal, regulatory and government affairs functions to oversee the airline’s international, innovation and sustainability strategy. Carter will remain on the Delta Leadership Committee.
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Carter joined Delta in 2015 as E.V.P and Chief Legal Officer with a focus on ensuring Delta’s freedom to operate, protecting Delta’s brand and advocating for the airline’s interests with policy makers around the world. Under his oversight, government affairs ensured CARES Act support for Delta and the aviation industry in the form of payroll grants, saving thousands of jobs and positioning the U.S. air travel industry to continue to provide essential services. He also oversaw the COVID-19 vaccination response in Delta’s key markets nationwide, accelerating the delivery of lifesaving vaccines throughout local communities.
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On the international front, Carter provided strong support to Delta partners during their restructurings, ensuring they and Delta are poised to maintain the best global network.
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There are still no signs of any fourth quarter (Q4) seasonal uplift in air cargo demand or pricing, with the downward trend of the last several months continuing into the second week of November – when peak season is usually in full-flow.
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Following a steep decline in the week to November 6, (week 44), reported by WorldACD last week, the latest preliminary figures from WorldACD Market Data show that weakening trend continue in this week’s report – although the drop was less steep on a week-over-week basis.
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Figures for week 45 (November 7 to 13 ) show a further -1% drop in worldwide flown tonnages from the previous week and a stable average price. But comparing weeks 44 and 45 with the preceding two weeks (2Wo2W), tonnages were -7% below its level in weeks 42 and 43, while average worldwide rates decreased by -1%, in a decreasing capacity environment (-1%) – based on the more than 350,000 weekly transactions covered by WorldACD’s data.
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Across that two-week period, outbound tonnages dropped from all the main regions, most notably ex-Europe (-12%), ex-Asia Pacific (-5%) and ex-North America (-5%). On a lane-by-lane basis, strong decreases were recorded between Europe and North America (-12% westbound and -10% eastbound) and between Europe and Asia Pacific
(-7% westbound and -14% eastbound).
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There were also double-digit percentage drops in tonnages from Europe to Central & South America (-15%) and to Africa (-11%), while intra-Asia Pacific volumes fell by -7%. Chargeable weight growth outbound from Middle East & South Asia to Asia Pacific was the only significant positive exception (+6%), on a 2Wo2W basis.
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Comparing the overall global market with this time last year, chargeable weight in weeks 44 and 45 was down -18% compared with the equivalent period in 2021, despite a capacity increase of +2%. Notably, tonnages ex-Asia Pacific are -25% below their strong levels this time last year, and Middle East & South Asia origin tonnages are -23% below last year. But there were also double-digit percentage year-on-year drops outbound from both North America (-18%) and Europe (-13%), despite higher capacity.
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Capacity from all the main origin regions, with the exception of Asia Pacific (-8%) and Central & South America (-6%), is (significantly) above its levels this time last year: North America +9%, Middle East & South Asia +6%, Europe +2% and a double-digit percentage rise from Africa (+11%). Worldwide rates are currently -22% below their levels this time last year at an average of US$3.34 per kilo, despite the effects of higher fuel surcharges, but they remain significantly above pre-Covid levels.
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Airbus invests in Carbon Engineering, a Canadian-based climate solutions company, operating the largest Direct Air Carbon Capture (DACC) Research & Development facility in the world.
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The investment will contribute to funding part of Carbon Engineering’s advanced direct air capture R&D technologies at the company’s Innovation Centre in Squamish, B.C., Canada.
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DACC is a high-potential technology that involves capturing CO2 emissions directly from the air using high powered fans. Once removed from the air, the CO2 can be used to produce power-to-liquid Sustainable Aviation Fuel (SAF) that is drop-in compatible with today’s aircraft.
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As the aviation industry cannot capture all CO2 emissions released into the atmosphere at source, captured atmospheric CO2 can also be safely and permanently stored in geologic reservoirs. This latter carbon removal solution would allow the sector to extract the equivalent amount of emissions from its operations directly from the air, thereby counterbalancing residual emissions.
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The investment in Carbon Engineering is a key part of Airbus’ global climate strategy, which encourages the development and deployment of direct air capture technology, among a number of technological pathways in support of the aviation industry’s decarbonisation ambitions. The transaction is also a key element of Airbus’ strategy to grow its contribution to the Canadian economy. Airbus supports the recently launched Clean Technology Key Industrial Capability in Canada, under the Industrial and Technological Benefits Policy.
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Boeing has announced a series of executive leadership changes and reorganisations aimed at accelerating operational discipline, first-time quality and performance while streamlining senior leadership roles and responsibilities. Effective immediately, Boeing Defense, Space & Security (BDS) will consolidate its eight divisions into four, including:
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Vertical Lift, led by Vice President and General Manager Mark Cherry.
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Mobility, Surveillance & Bombers, led by Vice President and General Manager Dan Gillian, which will include KC-46, SAOC, E-7, VC-25B, P-8, Bombers, AWACS/AEW&C, 777X components and all executive transport programmes.
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Air Dominance, led by Vice President and General Manager Steve Nordlund, which will include classified programmes; the F/A-18, F-15, T-7, MQ-25 and MQ-28 programmes; and the non-space Phantom Works portfolio, including the Virtual Warfare Centres. Nordlund will also become the senior site executive for the St. Louis region.
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Space, Intelligence & Weapon Systems, led by Vice President and General Manager Kay Sears, which will include space exploration and launch programmes, satellites, munitions, missiles, weapon system deterrents, maritime undersea, Phantom Works Space and subsidiaries (BI&A, Millennium, Insitu, Liquid Robotics, Spectrolab, Argon and DRT). Between now and February 4, 2023, Jim Chilton, Senior Vice President for Space and Launch, will continue to manage space exploration and launch programmes, satellites and Phantom Works Space. On February 5, 2023, Chilton will become a senior advisor to Ted Colbert, President and Chief Executive Officer of BDS, focusing on future space ventures.
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These changes build upon a consolidation of Manufacturing & Safety, Total Quality, Supply Chain and Programme Management and the appointment of Steve Parker as BDS Chief Operating Officer.
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Israel Aerospace Industries (IAI) has published its financial statements for the first nine months and third quarter of 2022. The company reported a 54% increase in net income in the first nine months of 2022 to about US$202 million compared with about US$131 million in the corresponding period of 2021. Net income grew by about 135% to about US$73 million in Q3 2022 compared with about US$31 million in Q3 2021.
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IAI posted a 31% growth in EBITDA in the first nine months of 2022 to about US$473 million compared with about US$361 million in the corresponding period of last year. EBITDA in Q3 2022 grew to about US$163 million (about 13.1% of sales) compared with about US$109 million (about 10.5% of sales) in Q3 2021.
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Operating income grew in the first nine months of 2022 to about US$304 million (about 8.4% of sales) compared with operating income of about US$190 million (about 5.9% of sales) in the corresponding period of last year. Operating income in Q3 2022 grew to about US$100 million (about 8.1% of sales) compared with operating income of about US$52 million (about 5% of sales) in Q3 2021.
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Gross profit increased in the first nine months of 2022 to about US$647 million (about 18% of sales) compared with about US$500 million (about 16% of sales) in the corresponding period of last year. 48% growth in gross profit in Q3 2022 to about US$220 million (about 18% of sales) compared with about US$149 million (about 14% of sales) in Q3 2021.
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The company reported a 12% increase in sales to about US$3,601 million in the first nine months of 2022, compared with about US$3,205 million in the corresponding period of 2021. Increase of about 19% in the company's sales in Q3 2022 to about US$1,242 million compared with about US$1,041 million in Q3 2021.
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Cash flows from operating activities in the first nine months of 2022 were positive at about US$675 million compared with negative cash flows from operating activities of about US$86 million in the corresponding period of 2021. Cash flows from operating activities in Q3 2022 were positive at about US$28 million compared with negative cash flows from operating activities of about US$159 million in Q3 2021.
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The company's order backlog as of September 30, 2022, totalled about US$15.8 billion, compared with about US$13.4 billion at the end of 2021, a growth of about US$2.4 billion.
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