Tag: industry (Page 15 of 34)

Air Transport Services Group Selects Boeing for Next Converted Freighter Order

November 3, 2021 / WIL BALDWIN

SEATTLE, Nov. 3, 2021 — Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest lessor of 767-300 converted freighters, has contracted with Boeing [NYSE: BA] for the conversion of four aircraft to 767-300 Boeing Converted Freighters (BCF).

“Our continued confidence in the 767-300 platform, now coupled with the services and support of the OEM, reinforces our commitment to deliver best-in-class reliable services to our customers,” said Mike Berger, chief commercial officer of ATSG. “We’re proud to partner with Boeing as we expand our fleet to meet growing demand and look forward to future growth together.”

The 767-300BCF now has more than 100 orders and commitments from customers around the globe, providing widebody converted freighter capability to meet growing market demand, and building on a record year for customer orders of Boeing’s family of freighters.

“We are honored that ATSG has decided to make the 767-300BCF an integral part of their fleet expansion strategy, supporting customers looking to capitalize on strong e-commerce demand,” said Jens Steinhagen, director of Boeing Converted Freighters. “As the OEM, Boeing has the original design data, robust supply chains, and dependable delivery schedules that benefit BCF customers such as ATSG. With that OEM advantage, we stand ready to meet ATSG’s needs by bringing forward market-leading 767-300BCFs into its fleet.”

ATSG is a global leader in cargo leasing, operating a fleet of 106 Boeing aircraft, including more than ninety 767 converted freighters.

Boeing has more than 40 years of successful experience in passenger-to-freighter conversions, relying on original design data and a deep understanding of the needs of the air cargo industry to deliver a superior, integrated product, including fully integrated manuals and world-class technical support. Boeing Converted Freighters also come with the advantage of being associated with the industry’s largest portfolio of services, support and solutions. Learn more about the 767-300BCF and the entire Boeing freighter family here.

Airbus Reports Third Quarter 2021 Results

October 28, 2021 / WIL BALDWIN

Amsterdam, 28 October 2021 – Airbus SE (Paris stock exchange symbol: AIR) reported consolidated financial results for the nine months ended 30 September 2021.

“The nine-month results reflect a strong performance across the company as well as our efforts on cost containment and competitiveness. As the global recovery continues, we are closely monitoring potential risks to our industry. We are focused on securing the A320 Family ramp up and striving to ensure the right industrial and supply chain capabilities are in place,” said Airbus Chief Executive Officer Guillaume Faury. “Based on our nine-month performance, we have updated our 2021 earnings and cash guidance. We are strengthening the balance sheet to secure investment for our long-term ambitions.

Gross commercial aircraft orders totalled 270 (9m 2020: 370 aircraft) with net orders of 133 aircraft after cancellations (9m 2020: 300 aircraft). The order backlog was 6,894 commercial aircraft on 30 September 2021. Airbus Helicopters booked 185 net orders (9m 2020: 143 units), including 10 helicopters of the Super Puma Family. Airbus Defence and Space’s order intake by value was € 10.1 billion (9m 2020: € 8.2 billion) with third quarter orders including 56 C295 aircraft for India, two A400Ms for Kazakhstan and support and spares contract renewals for the German and Spanish Eurofighter fleets.

Consolidated revenues increased 17 percent to € 35.2 billion (9m 2020: € 30.2 billion), mainly reflecting the higher number of commercial aircraft deliveries compared to 9m 2020. A total of 424 commercial aircraft were delivered (9m 2020: 341 aircraft), comprising 34 A220s, 341 A320 Family, 11 A330s(1), 36 A350s and 2 A380s. Revenues generated by Airbus’ commercial aircraft activities increased 21 percent, largely reflecting the delivery performance compared to 2020 which was strongly impacted by COVID-19. Airbus Helicopters delivered 194 units (9m 2020: 169 units) with revenues up 14 percent reflecting growth in services as well as the higher deliveries, notably more helicopters from the Super Puma family. Revenues at Airbus Defence and Space were broadly stable year-on-year with four A400M military airlifters delivered in 9m 2021.

Consolidated EBIT Adjusted – an alternative performance measure and key indicator capturing the underlying business margin by excluding material charges or profits caused by movements in provisions related to programmes, restructuring or foreign exchange impacts as well as capital gains/losses from the disposal and acquisition of businesses – was € 3,369 million (9m 2020: € -125 million).

The EBIT Adjusted related to Airbus’ commercial aircraft activities totalled € 2,739 million (9m 2020: € -641 million), mainly driven by the operational performance linked to deliveries and efforts on cost containment and competitiveness.

The A220 production rate, which is currently at 5 aircraft a month, is expected to increase to around rate 6 per month in early 2022, with a monthly production rate of 14 envisaged by the middle of the decade. On the A320 Family programme, the Company is working to secure the ramp up and is on trajectory to achieve a monthly rate of 65 aircraft by summer 2023. The recent commercial successes of the A330 programme enable a monthly rate increase from around 2 to almost 3 aircraft at the end of 2022. The A350 programme is expected to increase from around 5 to around 6 aircraft a month in early 2023.

Airbus Helicopters’ EBIT Adjusted increased to € 314 million (9m 2020: € 238 million), driven by services, programme execution and lower spending on Research & Development (R&D).

EBIT Adjusted at Airbus Defence and Space increased to € 284 million (9m 2020: € 266 million), mainly reflecting the Division’s efforts on cost containment and competitiveness.

Consolidated self-financed R&D expenses totalled € 1,919 million (9m 2020: € 2,032 million).

Consolidated EBIT (reported) amounted to € 3,437 million (9m 2020: € -2,185 million), including net Adjustments of € +68 million.

These Adjustments comprised:

€ +190 million related to the A380 programme, of which € +45 million were booked in Q3;
€ -165 million related to the dollar pre-delivery payment mismatch and balance sheet revaluation, of which € +5 million were in Q3;
€ +43 million of other Adjustments, including compliance costs, of which € -6 million were in Q3.

The financial result was € -172 million (9m 2020: € -712 million). It mainly reflects the net interest result of € -233 million partly offset by € +63 million related to the revaluation of the Dassault Aviation equity stake. Consolidated net income(2) was € 2,635 million (9m 2020 net loss: € -2,686 million) with consolidated reported earnings per share of € 3.36 (9m 2020 loss per share: € -3.43).

Consolidated free cash flow before M&A and customer financing was € 2,260 million (9m 2020: € -11,798 million), reflecting efforts on cash containment and also included a positive phasing impact from working capital. Consolidated free cash flow was € 2,308 million (9m 2020: € -12,276 million).

On 30 September 2021, the gross cash position stood at € 21.7 billion (year-end 2020: € 21.4 billion) with a consolidated net cash position of € 6.7 billion (year-end 2020: € 4.3 billion). The Company’s liquidity position remains strong, standing at € 27.7 billion at the end of September 2021. Given the increase in the net cash position and the robust liquidity, a decision was taken not to renew the undrawn € 6.2 billion Supplemental Liquidity Line which matured in September. In the meantime, the maturity of the € 6 billion Revolving Syndicated Credit Facility has been extended by a year.

Outlook

As the basis for its 2021 guidance, the Company assumes no further disruptions to the world economy, air traffic, the Company’s internal operations, and its ability to deliver products and services.

The Company’s 2021 guidance is before M&A.

On that basis, the Company has updated its 2021 guidance and now targets to achieve in 2021 around:

600 commercial aircraft deliveries;
EBIT Adjusted of € 4.5 billion;
Free Cash Flow before M&A and Customer Financing of € 2.5 billion.

Drone Delivery is Now a Reality // Mesa and Flirtey

Mesa Air Group First Scheduled Airline to Launch U.S. Drone Delivery Business

October 25, 2021 / WIL BALDWIN

RENO, Nev., Oct. 21, 2021 /PRNewswire/ — Mesa Air Group, Inc. (NASDAQ: MESA), has signed an agreement with aerospace technology company Flirtey to order 4 delivery drones, with an option to order an additional 500 aircraft. The agreement marks Mesa becoming the first scheduled airline to launch drone delivery in the U.S.

Mesa and Flirtey are initially focusing on the last-mile food delivery industry, enabling Mesa to expand beyond the global airlines market and into the global food service market. The immediate goal of the partnership is to conduct commercial drone deliveries in the last-mile food and beverage market in the U.S. The parties plan to expand the drone delivery service in the U.S. and New Zealand.

With this agreement, Flirtey, the aircraft designer and manufacturer, is supplying it’s best-in-class technology including the Flirtey Eagle, an electric powered, advanced drone that conducts precision delivery to homes and businesses, and Flirtey’s autonomous software platform that conducts autonomous flight operations, for Mesa to operate commercial drone delivery.

The partnership will prioritize operational excellence and data collection, enabling rapid expansion with Mesa’s operational experience as a leading regional air carrier with approximately 450 daily departures across the U.S. and Flirtey’s technical experience having conducted over 6,000 drone delivery flights in the U.S. with its technology protected by over 1,000 patents claims issued and pending in the U.S. and worldwide. Flirtey recently expanded production of delivery drones to meet growing demand. Flirtey’s aircraft are made in USA.

Pentagon and Lockheed Martin Agree To F-35 Sustainment Contracts

September 16, 2021 / WIL BALDWIN

FORT WORTH, Texas, Sept. 13, 2021 /PRNewswire/ — The F-35 Joint Program Office awarded the Lockheed Martin (NYSE: LMT) industry team annualized contracts covering fiscal years 2021-2023 to support operations and sustainment of the global F-35 fleet, supporting mission readiness and further reducing costs.

The annual contracts fund critical sustainment activities for aircraft currently in the fleet and build enterprise capacity to support the future fleet of more than 3,000 F-35 aircraft. This includes industry sustainment experts supporting base and depot maintenance, pilot and maintainer training, and sustaining engineering for the U.S. and our allies across the globe. It also covers fleet-wide data analytics and supply chain management for part repair and replenishment to enhance overall supply availability for the fleet.

The FY2021-2023 contracts represent a planned next step in further reducing overall operations and support costs for the F-35 program, which are shared between government and industry. Lockheed Martin has reduced our cost per flight hour by 44% in the past five years, with a forecasted reduction of an additional 40% in the next five years. The cost savings in the FY21-23 annualized sustainment contracts support Lockheed Martin’s efforts to realize these goals. The savings will be achieved through improved cost and velocity in our supply chain, continued reliability improvements, and greater manpower efficiencies to provide product support solutions across the growing, global fleet. We remain committed to partnering with our customers and teammates to drive F-35 sustainment costs down.

The contracts also pave the way for a longer-term, Performance Based Logistics (PBL) agreement for the F-35 program. PBLs are an industry best practice, facilitating agile sustainment solutions for the fleet and incentivizing even further affordability and performance results.

The F-35 Joint Program Office, together with each U.S. service, international operators and the F-35 industry team, leads F-35 sustainment and the Global Support Solution. The 2021 annualized sustainment contract will cover industry sustainment activities through Dec. 31, 2021.

Airlink Confirms Selection of Rolls-Royce TotalCare for Engine Servicing

September 10, 2021 / WIL BALDWIN

Rolls-Royce Holdings (OTC: RYCEY) and Airlink have signed a TotalCare ^® service agreement for the AE3007 engines that power the South African airline’s fleet of Embraer ERJ135 aircraft. The agreement, which covers 28 aircraft, is an extension of service for a further 10 years, continuing the airline’s drive to maximise aircraft availability.

In 2019, prior to the Covid-19 pandemic, Airlink carried more than 2 million customers on more than 63,000 flights. Airlink currently operates a reduced route network to more than 45 destinations in 12 African countries, whilst remaining agile to the effects of Covid-19 and associated travel restrictions. Airlink was proudly the most punctual South African airline for 2020; its year-to-date performance up to August 2021 has been 98.1% on-time.

TotalCare is the flagship integrated engine service cover provided by Rolls-Royce. It is designed for predictive maintenance planning, as well as off-wing repair and overhaul activities for operators of Rolls-Royce aero engines. TotalCare transfers both time-on-wing and maintenance cost risks back to Rolls-Royce, as well as offering advanced engine health monitoring and future product enhancements.

Aircraft covered by TotalCare achieve higher availability, increased long-term residual values, and benefit from the global Rolls-Royce Care Network; a large, capable and competitive engine service network that caters for the needs of engines at every point in their lifecycle.

Spirit AeroSystems Europe Delivers First Set of A320 Family RTM Spoilers

August 31, 2021 / WIL BALDWIN

Prestwick, Scotland, Business Wire, Spirit AeroSystems (Europe) Limited (UK), a subsidiary of Spirit AeroSystems Holdings, Inc. [NYSE: SPR], has successfully delivered the first set of new advanced composite spoilers to Airbus for the A320 Family. The spoilers are produced using Spirit’s pioneering Resin Transfer Moulding (RTM) technology and are the first to feature on a flying aircraft.

The redesigned spoiler is produced using a highly-automated advanced manufacturing, out-of-autoclave process, resulting in significantly improved manufacturing efficiencies, and reduced energy and costs compared to the original, more traditional design. Spirit is the first to industrialize this innovative composite technology in the UK aerospace sector.

The spoilers are produced in Spirit’s world-class manufacturing facility in Prestwick, Scotland, using the latest automation and robotics, which included investment from the Scottish Government in the development of the technology. Such cost-effective technologies and manufacturing processes will play a central role in the development of the next generation of aircraft programs, and help Spirit increase its competitive advantage in advanced manufacturing.

Falcon Support AIN and Pro Pilot Rankings

August 30, 2021 / WIL BALDWIN

Aviation International News (AIN) and Pro Pilot magazines recently released the results of their annual customer support surveys for 2021 for the business jet industry.

For the third consecutive year, Dassault (OTC: DASTY) Aviation was ranked “top” in the AIN survey.

Its industry leading “overall average” score was 8.7 (the highest for any company in the history of the survey), up from 8.3 in 2020. Dassault took top scores in parts availability, parts cost, AOG response, warranty fulfillment, technical manuals, and technical representatives. The company also earned a 9.2 mark for overall aircraft reliability.

Click on the link below to visit the Dassault Falcon Website!

https://www.dassaultfalcon.com/en/Pages/Home.aspx

Delta Air Lines Orders Additional 30 Airbus A321neo Aircraft

August 24, 2021 / WIL BALDWIN

Herndon, VA, August 24, 2021 – Delta Air Lines has ordered 30 additional Airbus A321neo aircraft to help meet the airline’s future fleet requirements. The newly-ordered aircraft are in addition to the airline’s existing orders for 125 of the type, bringing the outstanding orders from Delta to a total of 155 A321neos.

Delta’s A321neos will be powered by next-generation Pratt & Whitney PW1100G turbofan engines that bring significant efficiency gains over Delta’s current, already-efficient A321 aircraft. Equipped with total seating for 194 customers with 20 in First Class, 42 in Delta Comfort+ and 132 in the Main Cabin, Delta’s A321neos will be deployed primarily across the airline’s extensive domestic network, complementing Delta’s current A321 fleet of more than 120 aircraft. The airline is slated to receive the first of its 155 A321neo aircraft early next year.

Many of Delta’s A321neos will be delivered from the Airbus U.S. Manufacturing Facility in Mobile, Alabama. The airline has taken delivery of 87 U.S.-manufactured Airbus aircraft since 2016.

As of the end of July, Delta’s fleet of Airbus aircraft numbered 358, including 50 A220 aircraft, 240 A320 Family members, 53 A330 widebodies, and 15 A350 XWB aircraft.

Aeromexico Starting Service Between Cancun, Mexico and Sao Paulo, Brazil

August 16, 2021 / WIL BALDWIN

Cancun, Quintana Roo, August 16, 2021, – As of December 15 to April 17, 2022, Aeromexico will launch seasonal service between Cancun and São Paulo with three weekly flights and operated with its Boeing 787 Dreamliner aircraft.

The airline has offered service to Brazil for more than two decades, and this new route will increase the carrier’s total monthly seats offer between both countries by 43%.

Mexico is one of Brazil’s strategic markets that has shown substantial growth during the last few years, and one of the important boosters has been the tourism offer of the state of Quintana Roo. Among Cancun’s main visitors are Brazilians.

This route is in addition to the nonstop service that Aeromexico announced last week from Guadalajara and Monterrey to Madrid.

The carrier currently serves 81 domestic and international routes and continues to apply the industry’s highest health and cleanliness standards in all its operations.

Honeywell Fuel Tank Safety Technology Selected By Copa Airlines

August 10, 2021 / WIL BALDWIN

Honeywell (NASDAQ: HON) has been selected by Copa Airlines to provide its Air Separation Module (ASM) kit for Copa’s fleet of Boeing 737 aircraft. This new technology offering is a drop-in replacement for Copa’s existing ASMs, which are installed on larger aircraft to help reduce the risk of fuel tank fires. Copa is the first airline to operate Honeywell’s version of the safety system, which has one of the longest lifespans and warranties in the industry.

As an aircraft uses fuel and its fuel tanks empty, it is critical to decrease the risk of fire by reducing the amount of oxygen that fills that open space. The ASM separates oxygen from nitrogen in the surrounding air, which allows the Nitrogen Generation System to pump nitrogen into the emptying fuel tanks. Honeywell’s ASM can be installed roughly six to eight hours faster than the current product from the original equipment manufacturer. This shortened installation time contributes to lower maintenance costs. Additionally, Honeywell’s ASM has increased durability over other options currently installed in 737 aircraft and is designed to integrate with Honeywell’s Nitrogen Generation System, which has been line-fit on every 737 built after 2008.

The Honeywell ASM was designed with a high-durability membrane construction to meet the needs of the demanding 737 operating environment. It is supplied as a kit and contains a new Honeywell ASM, complete with all needed blankets and brackets, and ozone destruct filter and instructions for installation.

The ASM will provide lower installation costs for carriers, and with its increased durability, Honeywell is able to guarantee ASM life of seven years without replacement. Because Honeywell is the Nitrogen Generation System integrator, these kits can be combined into existing maintenance plans to further reduce overall customer operating costs.

For more information on Honeywell’s Air Separation Module Kit, visit aerospace.honeywell.com.

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