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Avia Solutions Group - Dobrolet suspends flights due to EU sanctions | Aviation News for July 2014
DOBROLET SUSPENDS FLIGHTS DUE TO EU SANCTIONS Several European counterparties have notified Dobrolet of their refusal to fulfil their obligations to the airline in connection with the economic sanctions enacted by the European Union. Leasing, repair and maintenance services and airplane insurance agreements were annulled, as well as the provision of aeronautical information. Due to the unprecedented pressure that has been applied to Dobrolet by its European counterparties, the carrier has no option but to suspend flights and ticket sales. Read more >
AIRBUS' CEO CALLS FOR EURO DEVALUATION Fabrice Bregier, the CEO of Airbus, called to European authorities to weaken the euro by 10% to help exporters compete, Lenta.ru reports. According to the executive, the euro exchange rate should be at $1.20 to $1.25 while currently the rate is about $1.36. Read more >
VIDEO: scientists unveil aircraft technologies of the future Scientists and engineers at BAE Systems have lifted the lid on some futuristic technologies that could be incorporated in military and civil aircraft of 2040 or even earlier. See the videos below! Read more >
Boeing forecasts rising demand for commercial pilots and technicians Boeing is forecasting continued strong growth in demand for commercial aviation pilots and maintenance technicians as the global fleet expands over the next 20 years.Boeing's 2014 Pilot and Technician Outlook, released today at EAA AirVenture Oshkosh, projects that between 2014 and 2033, the world's aviation system will http://aviatime.mailersend.com/email/Dobrolet-suspends-flights-due-to-EU-sanctions-Aviation-News-for-July-2014--207668/0/
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Avia Solutions Group - Dobrolet suspends flights due to EU sanctions | Aviation News for July 2014
require 533,000 new commercial airline pilots and 584,000 new commercial airline maintenance technicians. Read more >
Avia Solutions Group to establish a new 40 million USD worth Aviation Park The new Aviation Park in Kaunas is a major project aimed at attracting various local and foreign companies engaged in providing a wide spectrum of aviation related services, such as maintenance and repair of aircraft engine, landing gear and other components, aircraft tear down and sales as well as aviation-related scientific researches. The new centre is planned to occupy the territory of up to 100 ha, located next to Kaunas International Airport. Read more >
Airbus terminates purchase order with Skymark Airlines for A380s Following discussions with Skymark Airlines and in light of the airline’s expressed intentions in respect of the A380, Airbus has in accordance with its contractual rights, notified Skymark Airlines that the purchase order for the six A380s signed in 2011 has been terminated. Airbus is reserving all its rights and remedies. Read more >
VIP charter carrier KlasJet marks the start of operations KlasJet, a newly established VIP charter carrier specializing in private and corporate charter flights, is delighted to announce about its first successful commercial flight to one of the many luxurious Mediterranean resorts. The first carrier’s commercial flight follows the receipt of an air operator’s certificate (AOC) from the Lithuanian CAA in late June, 2014.
ICAO clarifies state responsibilities arising from conflict zones
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American Airlines: $1.5 B in 2Q 2014, highest in company history
The International Civil Aviation Organization (ICAO) issued a State Letter today, reminding applicable authorities in the 191 signatory States to the Convention on International Civil Aviation of the international provisions specifying State responsibilities with respect to the safety and security of civil aircraft operating in airspace affected by conflict. Read more...
For the second quarter 2014, American Airlines Group reported a record GAAP net profit of $864 million. This compares to a GAAP net profit of $220 million in the second quarter 2013, for AMR Corporation prior to the merger. The Company believes it is more meaningful to compare year-over-year results for American Airlines and US Airways excluding special charges and on a combined basis, which is a nonGAAP formulation that combines the results for AMR Corporation and US Airways Group. Read more >
Bombardier forecasts demand valued at $658 B Bombardier is confident in the strong, long-term potential of the business aircraft industry and forecasts a total of 22,000 business jet deliveries from 2014 to 2033 in
Bombardier reaches technology milestone Bombardier Aerospace
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Avia Solutions Group - Dobrolet suspends flights due to EU sanctions | Aviation News for July 2014
the segments in which Bombardier competes* representing approximately $617 billion US** in industry revenues. Bombardier’s Business Aircraft Market Forecast anticipates 9,200 aircraft deliveries, worth $264 billion US between 2014 and 2023, and 12,800 aircraft, worth $353 billion US, from 2024 to 2033. Read more >
FL Technics to support Garuda Indonesia at Gatwick Airport FL Technics is further expanding its cooperation with Asian Pacific carriers. Recently, the company has signed a three-year long Line Maintenance Agreement with Garuda Indonesia which is the national carrier of the world’s fourth most populous country located in Southeast Asia.
announced today the completion of another milestone in the execution of its Strategic Technology program for civil aviation and a first in the aerospace industry – a nontemperature restricted Bleedless Auxiliary Power Unit (APU) starting test, following a 10-hour cold soak at -40°F and using a starter/generation system and lithium-ion (Li-ion) battery system. Read more...
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Airbus launches the A330neo Following a decision by the Board of Directors of the Group, Airbus has launched the A330-800neo and A330-900neo, two new members of its Widebody Family, which will incorporate latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features. Read more >
Boeing Forecasts Demand for 36,770 New Airplanes Valued at $5.2 Trillion Boeing projects a demand for 36,770 new airplanes over the next 20 years, an increase of 4.2 percent from last year's forecast. The company released its annual Current Market Outlook (CMO) today in London, estimating the total value of those new airplanes at $5.2 trillion.
AviaAM Leasing delivers first Boeing 767-300ER to Sunday Airlines AviaAM Leasing is excited to announce the delivery of Boeing 767-300ER to a Kazakh charter carrier Sunday Airlines. The aircraft is the first wide-body airplane project conducted by AviaAM Leasing. Read more...
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EASA issues safety bulletin for the Ukrainian Airspace
Lufthansa and Air China strengthen partnership
The European Aviation Safety Agency (EASA) published today a Safety Information Bulletin (SIB), taking into consideration the reported loss of flight MH17 in Eastern Ukraine. Read more...
During German Chancellor Dr Angela Merkel’s state visit to China, Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche Lufthansa AG, and Mr Song Zhiyong, President and Executive Director of Air China Limited, signed a memorandum of understanding in Beijing to expand the scope of the commercial partnership between their companies. Read more > FL Technics Jets receives ISO 9001:2008 certificate http://aviatime.mailersend.com/email/Dobrolet-suspends-flights-due-to-EU-sanctions-Aviation-News-for-July-2014--207668/0/
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Avia Solutions Group - Dobrolet suspends flights due to EU sanctions | Aviation News for July 2014
Honeywell reports sales up to $10.3 Billion Honeywell announced its results for the second quarter of 2014. We saw 6% sales growth and margin expansion in every business as our key growth and productivity initiatives continue to make a difference.
FL Technics Jets is delighted to announce that it has successfully passed an independent quality management audit thus becoming an official ISO 9001:2008 certified organization. Read more...
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BAE Systems appoints Sanjay Samuel as head of financial crime for Asia Pacific
EXPERT OPINION
BAE Systems Applied Intelligence has appointed Sanjay Samuel as Financial Services Sector Lead for the Asia Pacific and Middle East Region. Sanjay will be responsible for all sales into the financial services sector and he will lead the Financial Crime business unit in the region. Read more...
What’s eating the Latin American aviation industry? For the past 10 years the aviation industry in Latin America has been subject to impressive growth rates. According to IATA, over the next 10 years air traffic in the region is expected to increase by an average of 7% annually, which would put Latin America on about the same growth trajectory as China. Nevertheless, currently the region is actually performing weaker than it could. Read more >
The safeguarding diversity of aircraft investment Though there are certain signs that the post-crisis global economy is on a steady path towards recovering its stability, the latest results of the U.S. economy (minus 2.9% in Q1 2014, the largest drop since the 2009) serves as a serious warning that the actual growth of the global market is fragile. In the meantime, burdened by traditional assets, today many investors are seeking for alternative investments which would diversify their portfolios and allocate the risks. However, in their quest for new liquid projects, investors seem to ignore an asset which many of them personally use on a daily basis – an aircraft. Read more >
African aviation liberalization to worsen its HR-related issues? Growth of Africa's economies has accelerated. According to a new report by the http://aviatime.mailersend.com/email/Dobrolet-suspends-flights-due-to-EU-sanctions-Aviation-News-for-July-2014--207668/0/
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Avia Solutions Group - Dobrolet suspends flights due to EU sanctions | Aviation News for July 2014
African Development Bank, the continent's growth is projected to accelerate to 4.8% in 2014 alone. With the increased consumer spending and a new middle class on the rise, the outlook for African aviation industry is also positive. Nevertheless, developing its full potential still remains a challenge, especially with regard to proper HR-support. Read more >
Ensuring appropriate aircraft spares supply in a highly competitive environment Under competitive pressure more and more airlines are abandoning the strategy of holding huge and expensive parts stocks to support their operations. However, it does not mean that they are willing to give up on the extremely reliable dispatch such stocks support. As a result, finding the right balance between spares availability for fleet utilization and the high cost of maintaining stock levels still remains one of the biggest challenges for an airline today. Read more >
Aircraft spare parts pooling: breaking the myths Following the latest trends within the aviation industry, spare parts business, once a mundanely straightforward enterprise, has evolved into one of its most dynamic sectors. However, as in most cases, the new developments were accompanied by unique challenges. On the one hand, technologically advanced components help to drive down maintenance costs on the newest aircraft. On the other hand, they also radically alter the cost-benefit calculation of whether an airline should stock its own spares or participate in a pool.
Raytheon Board of Directors welcomes new chairman Thomas A. Kennedy The Board of Directors of Raytheon Company (NYSE: RTN) has elected Thomas A. Kennedy, age 59, as Chairman of the Board of Raytheon Company effective October 1, 2014. This action follows notice to the Board by William H. Swanson, Raytheon's current Chairman of the Board, of his retirement from the Company effective September 30, 2014. Read more...
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How great are the lengths towards passenger satisfaction? employee engagement is a multifaceted issue. It requires an all-around approach to be effective and, just like forming a habit, it needs consistent implementation. Although it may be difficult to identify a single method of engaging employees as the most effective one, communicating with them about it will certainly bring ideas on the table. Is it worth the trouble? Fulfillment is an intrinsic human need and engaged employees will repay tenfold through enhanced customer satisfaction and brand attitude. Read more >
SR Technics appoints new CFO SR Technics has appointed Christina Johansson as its new Chief Financial Officer, effective August 1, 2014. Reporting directly to AndrÊ Wall, CEO of SR Technics, Christina Johansson will join SR Technics’ Leadership Team. She takes over from Angelo Quabba, who decided to leave the company after seven years. Read more...
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Avia Solutions Group - Dobrolet suspends flights due to EU sanctions | Aviation News for July 2014
FARNBOROUGH 2014 Russia’s Deputy PM called Russian delegation to leave Farnborough MTU receives orders worth 1.3 billion euros during FIA GE brings $36 Billion from FIA Bombardier brings $4.25 billion from FIA IAG converts 20 A320neo options into firm orders AerCap firms up order for 50 A320neo Air Lease Corporation signs for 25 A330neo and 60 A321neo easyJet places A320 engine order with CFM Read more >
COMMERCIAL AVIATION Boeing: $22 billion in revenues 2Q 2014 Boeing, All Nippon Airways finalize order for 40 widebody airplanes Tianjin Airlines purchases 20 E-Jets, 20 E-Jets E2
Boeing names Craig Cooning President of Network & Space Businesses Boeing has named Craig R. Cooning president of its Network & Space Systems (N&SS) businesses, effective immediately. Cooning succeeds Roger Krone, who took a position at another company. Read more....
Lufthansa Group: operating profit reached €114 million in 1H 2014 FLY Leasing on way to reaching 15% fleet growth UTC Aerospace Systems delivers 5,000th set of landing gear for Boeing 737 Rolls-Royce Holdings: revenue down 7% in 1H 2014 Airbus Helicopters wins tender for two medical helicopters in Russia WestJet Encore orders five new Bombardier Q400 NextGen Aeroflot: 10.9% traffic increase in 1H 2014 Ryanair: profit grew to €197m in Q1 2014 The A350 XWB embarks on final certification phase AviaAM Leasing delivers Orenair fifth Boeing 737-800
ATR appoints Giorgio Moreni as Chief Financial Officer
AviaAM Leasing delivers first Boeing 737-700 to SCAT Airlines AviaAM Leasing delivers Orenair another Boeing 737 Next Generation Read more >
BUSINESS AVIATION Air France launches new private jet service Embraer Executive Jets delivered the 25th Phenom 300 to NetJets
The ATR Assembly of Members has appointed Giorgio Moreni (45), as Chief Financial Officer (CFO) of ATR. He succeeds Eric Baravia, whose four-year mandate according to ATR’s statutes has expired in June 2014. Read more...
Nextant Aerospace becomes first aviation company to join the remanufacturing industries council Australian Helicopters Signs For Six AW139 Helicopters For EMS Missions by Air Ambulance Victoria TRU Simulation + Training Inc. Acquires ProFlight, LLC Rockwell Collins reports third quarter fiscal 2014 earnings: 12% sales increase 9 Air places $3.7 billion CFM engine order Gama Aviation opens private aviation terminal at Sharjah International Airport Read more >
MRO Johann Panier appointed CEO of Barfield Inc. TIMCO opens new line services locations in Alaska and San Francisco Boeing Expands Maintenance Support to Customers in Southeast Asia Lufthansa Technik services a flying observatory SOFIA Triumph Group finalized the acquisition of GE Aviation Hydraulic Actuation
ATR appoints Patrick de Castelbajac as Chief Executive Officer The ATR Assembly of Members has appointed Patrick de Castelbajac (43), as Chief Executive Officer (CEO) of ATR. He succeeds Filippo Bagnato, whose four-year mandate according to ATR's statutes expired at the end of May 2014
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Avia Solutions Group - Dobrolet suspends flights due to EU sanctions | Aviation News for July 2014
business
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AIRPORTS Passenger traffic up 4.8% at European airports during May Fraport: +2.4% passenger traffic in 1H 2014 NATS handles 2.4% summer traffic growth Heathrow Airport: revenues up 7.4% in 2Q 2014 Hong Kong International Airport: 6% growth in the first half of 2014 Public support for airport expansion growing according to new study Heathrow launches property and noise consultation Helsinki Airport: first in the world to track entire passenger flow Aeroflot approved new dividend policy Read more >
MILITARY BAE Systems: 10% sales decrease in 1H 2014 Safran: operating income up 16.5% in 1H 2014 AAR wins $23 million to overhaul U.S. army's UH-60 Black Hawks' APUs F-35B successfully completes wet runway and crosswind testing
Jet Aviation Basel appoints Hendrik Janssen as director of Completion Sales and Market Development Jet Aviation Basel has appointed Hendrik Janssen as director of Completion Sales and Market Development. On his new position, Janssen liaises with aircraft owners, operators and industry executives to ensure they are informed about the benefits of assigning VVIP Completions projects to Jet Aviation Basel’s Completions center. Read more...
Raytheon: $5.7 billion net sales 2Q 2014 Messier-Bugatti-Dowty signs agreement with Sabena technics to acquire 100% of Hydrep Eurofighter submits bid to Denmark BAE won ÂŁ72 million E-scan radar contract US Air Force awards Raytheon $80 million for MALD-J EMB-121 Xingu reaches milestone of 30 years of operations with the French Air Force First two M-346 aircraft delivered to the Israeli Air Force Read more >
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