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LATEST NEWS
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Wednesday, August 4th, 2021
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Rolls-Royce has signed an agreement to sell its Bergen Engines medium speed liquid fuel and gas engines business to global engineering group Langley Holdings for an enterprise value of €63 million. Langley is funding the deal, together with working capital requirements for the Bergen business going forward, from existing cash reserves.
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The agreed sale of Bergen Engines is a part of our ongoing portfolio management to create a more focused group and follows a strategic review of Bergen Engines. It contributes towards the company's target to generate at least £2 billion from disposals, as announced last year. Sale proceeds of €70 million from the transaction together with €40 million of cash currently held within Bergen Engines which is to be retained by Rolls-Royce, will be used to help rebuild the Rolls-Royce balance sheet in support of its medium-term ambition to return to an investment grade credit profile.
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The agreed sale includes the Bergen Engines factory, service workshop and foundry in Norway; engine and power plant design capability; and a global service network spanning more than seven countries. Bergen Engines employs more than 900 people worldwide including 650 in the main factory in Hordvikneset. In 2020, the business generated revenues of approximately €200 million with the assets and liabilities of the business presented as held for sale in the Rolls-Royce Holdings consolidated balance sheet.
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Langley Holdings, headquartered in the U.K., is a diverse, global, engineering group with its main operations in Germany, Italy, France and the U.K., alongside a substantial presence in the U.S. The group employs around 4,600 people. Its activities range from the production of uninterruptible power systems, packaging machinery and electric motors and generators, to the manufacture of safety-critical mechanical handling equipment including for the U.K. Ministry of Defence’s submarine missile loading facility at Coulport, Scotland. Established in 1975 by Anthony Langley, Chairman and CEO, the Langley Group is financially independent and remains under family ownership. Bergen Engines will be operated by Langley Group as a stand-alone business.
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MTU Maintenance Canada has completed its move from Richmond, near Vancouver Airport, to Boundary Bay, Delta, British Columbia. This marks the successful conclusion of a brownfield adaptation that provides MTU Maintenance Canada with an additional space of around 60% and consolidates all of its repair activities into one location.
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During a gradual integration over the past one and half years, MTU Maintenance Canada was able to flexibly stagger machinery, equipment and team movement to maintain continued operations. Furthermore, during the COVID-19 pandemic, the additional space at both sites was used to help protect employees. “Design and building upgrades as well the transition into our new Boundary Bay facility were mastered by our highly-motivated internal team on top of normal operations,” says Christian Ludwig, Chief Operating Officer and project leader. “Now that we are fully moved in, we look forward to using this new space to further strive for operational excellence.”
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AvAir, an industry-leading inventory solutions provider for the aviation aftermarket, has completed an agreement with Israel Aerospace Industries' (IAI) Aviation Group to provide asset management solutions for more than 20,000-line items. IAI's Aviation Group is a global leader, with more than 50 years' experience in all aspects of the aircraft industry, having all the required capabilities in-house at one centralized location.
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With total commitment to quality and an extensive portfolio, IAI maintains the highest expertise in a broad range of capabilities, from aeronautic design and engineering, through flight testing, modification and certification. IAI is one of the few companies with proven in-house FAR 25 certification capabilities.
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With this transaction, AvAir will manage more than 20,000-line items including internal parts and accessories from IAI's core business lines, CFM56-3, CFM56-5B, CFM56-7B, V2500-A5 and PW4000 engines, along with airframe components for the A320 and Boeing-family aircraft.
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EirTrade Aviation, the aviation technical asset services and trading company, has been awarded an AFRA (Aircraft Fleet Recycling Association) accreditation. The accreditation will see the company taking on the disassembly market as the first AFRA accredited facility in Ireland and will serve to reassure its clients of the regular review and regulation of all processes. EirTrade provides disassembly services for all Airbus, Boeing, Embraer, Bombardier & ATR types. To date EirTrade has disassembled regional and commercial aircraft of all sizes from ATR-72 to A380 aircraft.
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The AFRA Best Management Practices (BMP) guide for disassembly is the leading standard for dismantling aircraft in a safe, efficient and environmentally friendly manner. Established in 2006, AFRA is a membership-based global collaboration to elevate industry performance and increase commercial value for end-of-service aircraft. AFRA represents companies from across the globe and throughout the supply-chain – from manufacturers to material recyclers. Through the collective experience of its members, AFRA’s BMP Guide has significantly improved the management of end-of-life aircraft in terms of environmental and sustainable performance.
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Genesis, the Dublin-based aircraft leasing company, has announced the appointment of Adrian Dharsan to the position of Senior Vice President of the commercial team. The appointment of Dharsan marks the company’s first hire in Singapore where it is establishing a regional office.
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Dharsan brings more than 21 years’ experience in aircraft leasing to the team and will be responsible for leading engagement with Genesis’s customers in the region. He joins Genesis from SMBC where he held the position of Senior Vice President of Airline Marketing since 2008. In 2021 he was elected to the Board of the International Society of Transport Aircraft Trading (ISTAT).
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BAA Training, a part of Avia Solutions Group, and Transavia Airlines, a part of Air France-KLM Group, have signed a term sheet contract that sets out the conditions based on which BAA Training will open a new training center dedicated to Transavia’s pilot training needs. The new aviation training center situated near Paris Orly Airport (ORY) in France and containing six simulator bays will be operated by BAA Training itself as enforced by an exclusive partnership agreement the parties will conclude shortly.
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The new training center BAA Training France will be ready to accept the first state-of-the-art simulator in the fourth quarter of 2022. The brand-new training facility will incorporate 4 four simulators dedicated to Transavia France’s purposes. It is planned to install the following types of full flight simulators: Boeing 737NG, Boeing 737 MAX and Airbus A320neo. Additionally, a door- and overwing exit trainer, two FTD Level 2 devices and other training equipment are being considered.
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The European Green Deal seeks to achieve a 90% reduction in transport emissions by 2050. This is a huge challenge for aviation requiring cutting-edge new technologies and innovations to make this happen. In enabling aviation's long-term sustainability,novel propulsion technology and propulsion-airframe integration play a key role. A yet untapped source of further efficiency improvements is associated with fuselage wake-filling propulsion integration, i.e., the ingestion and re-energization of the fuselage boundary layer flow by the propulsion system. The positive effect of “wake-filling” on propulsive power requirements has long been known from the field of marine propulsion. Ship propellers are typically located at the aft body of the vessel and operated within the boundary layer flow close to the ship’s body surface. This physical principle is also applicable to airborne propulsion, as the 11 CENTRELINE partners of six European countries have just proven.
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The so-called Propulsive Fuselage Concept (PFC) has the potential to play a key role in developing more efficient and less polluting airplanes of the future. The turbo-electric PFC aircraft for 340 passengers produces 4.7% less CO2 emissions compared to an equally advanced conventional aircraft. In addition to the two gas turbines on the wings, an electric fan is located at the aft-fuselage to produce thrust by ingesting and re-energising the airflow around the fuselage. The PFC configuration features excellent compatibility with other advanced technologies including hydrogen fuel technology. After 3.5 years of research, the consortium of the European-funded CENTRELINE project has managed to complete the proof of concept and experimental validation for this highly promising technology, thereby maturing it to Technology Readiness Level (TRL) 3 and bringing it closer to a possible industrial uptake in the future.
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"We have successfully tackled the immediate challenges that are associated with fuselage wake-filling propulsion integration. With the proof of concept performed in CENTRELINE, we have lifted this cutting-edge technology to the next level. Our achievement may represent an important steppingstone on the way to preparing “Propulsive Fuselage” technology for a possible aircraft product development in the future”, says project coordinator Arne Seitz of Bauhaus Luftfahrt e.V. “In order to support any follow-on research and innovation activities, we have devised a roadmap for the PFC aircraft technology towards TRL 6 by the year 2030. As a further enhancement of its innovative potential, we have identified a set of further advanced technologies that feature excellent compatibility with the PFC aircraft configuration. All this was enabled by a great collaborative spirit and excellent individual contributions from the partners in the project.”
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The CENTRELINE project stands for “ConcEpt validatioN sTudy foR fusElage wake-filLIng propulsioN intEgration” and was funded with €3.7 million by the European Union under the Horizon 2020 framework program. Coordinated by Bauhaus Luftfahrt, the CENTRELINE project consortium comprised 11 partners from six European countries. Beside Bauhaus Luftfahrt, these included four leading industry partners, namely Airbus Defence and Space, Airbus Operations, MTU Aero Engines, Rolls-Royce and Siemens, as well as four reputable European universities, namely Chalmers University of Technology, Delft University of Technology, the University of Cambridge and Warsaw University of Technology, supported by the management consulting partners ARTTIC Innovation GmbH and ARTTIC SAS. The CENTRELINE consortium was accompanied by a technical advisory board of experts from industrial stakeholders and research organisations.
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TrueAero has welcomed Nicolas Silva to the company’s leadership team on August 3, as Senior Vice President of Marketing. As a 25-year veteran of Aviation he has excelled both as a lawyer and as a marketing executive.
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Silva started his career representing the interests of the Export-Import Bank of the United States on the first Chilean export finance for Boeing 767-300s for LAN Chile. Prior to joining TrueAero, he successfully originated valuable deals for both AerCap and BOC Aviation.
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He has been involved in innovative aircraft leases transactions in Spain, Brazil, Chile, Kazakhstan, Russia and has a successful record in managing business relationships in times of crisis.
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