Tag: parts (Page 2 of 4)

Embraer and CommutAir Announce Pool Program Agreement

July 19, 2021 / WIL BALDWIN

Embraer has signed a long-term Pool Program agreement with CommutAir, a United Express carrier, to support the airline’s ERJ 145 jet fleet. This new contract includes full repair coverage for components and parts, as well as access to a large stock of components at Embraer’s distribution center in Fort Lauderdale, Florida. Currently, the Pool Program supports more than 50 airlines worldwide.

With a total of 168 aircraft under lease, CommutAir now maintains the largest ERJ 145 fleet in the world, recently becoming the sole regional partner to operate the ERJ145 for United Airlines. Under this agreement, CommutAir and United will consolidate their ERJ 145 spare component inventory with Embraer’s Pool program to improve stock levels and reliability. In April 2021, CommutAir selected Embraer Aircraft Maintenance Services (EAMS) in Macon, Georgia, as one of its primary heavy maintenance providers for the airline’s fleet of ERJ145 aircraft. The agreement includes airframe maintenance, modifications and repair services.

Embraer’s Pool Program is designed to allow airlines to minimize their upfront investment on high-value repairable inventories and resources and to take advantage of Embraer’s technical expertise and its vast component repair service provider network. The results are significant savings on repair and inventory carrying costs, reduction in required warehousing space, and the virtual elimination of the need for resources required for repair management, while ultimately providing guaranteed performance levels.

Mitsubishi Heavy Industries to Expand Metal 3D Printing Services

July 10, 2021 / WIL BALDWIN

Mitsubishi Heavy Industries Machine Tool Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Ritto, Shiga Prefecture, will offer expanded services in metal 3D　printing services commencing on July 15, including prototype production and contract production by metal 3D (three-dimensional) printers applying laser-based Metal Additive Manufacturing (AM) technologies. In addition to its previously offered Directed Energy Deposition (DED) type metal 3D printers for large-scale parts, the Company will newly add services using binder jetting (BJT) metal 3D printers for small-scale parts. The expanded service lineup will enable manufacture of a full range of metal parts, from small components of 1mm size to ultra-large-scale parts exceeding 1 meter.

The addition to MHI Machine Tool’s lineup is the DMP2500 metal 3D printer developed by Digital Metal, a group company of Hogänäs of Sweden. The DMP2500’s BJT technology not only enables extremely precise manufacturing but also is engineered especially for high-volume production. Currently, MHI Machine Tool has provided metal printing services applying unique DED technology of “LAMDA” AM systems; now, with the introduction of a different type of printer, the Company can respond to a broad range of metal 3D print needs and propose and provide the optimal manufacturing method and equipment for each parts.

MHI Machine Tool concluded a contract with Digital Metal in July 2020 on marketing its DMP2500 and other metal 3D printers in Japan. By adding these BJT type systems to its own sales lineup, MHI Machine Tool will be in a position to offer a broad portfolio of not only sales but also after-sales services.

While metal 3D printers are receiving attention for their innovative advances to production processes, they also present challenges relating to the difficulty of their production and quality assurance, etc. With the new expansion of services, MHI Machine Tool will focus on providing solutions relating to additive manufacturing, including provision of related expertise, to accelerate early adaptation to production parts.

Going forward, MHI Machine Tool will develop its metal printing services structure spanning from small-scale high-precision to ultra-large-scale items, enabling the Company to respond to a broad wide-range of prototype production needs and contract production. In these ways, MHI Machine Tool will encourage manufacturers to expand into manufacturing parts using metal 3D printers and contribute to the industrial supply chain as a whole.

Embraer and Breeze Airways Announce Pool Program Agreement

May 10, 2021 / WIL BALDWIN

Embraer (NYSE: ERJ) has announced that it has signed a long-term Pool Program Agreement with the U.S. carrier Breeze Airways to support a wide range of repairable components for the airline’s E190s and E195s fleet. The agreement includes full repair coverage for components and parts, as well as access to a large stock of components at Embraer’s distribution center, which will support the start of the airline’s operation.

The program will provide the most efficient and reliable solutions to Breeze’s E-Jets fleet. The airline will benefit from the availability of spare parts, enjoy significant savings on repair and service costs, and maintain a profitable operation. Currently, the Pool Program supports more than 50 airlines worldwide.

Embraer’s Flight Hour Pool Program is designed to allow airlines to minimize their upfront investment on high-value repairable inventories and resources and to take advantage of Embraer’s technical expertise and its vast component repair service provider network. The results are significant savings on repair and inventory carrying costs, reduction in required warehousing space, and the virtual elimination of the need for resources required for repair management, while ultimately providing guaranteed performance levels.

Stadler Wins Tender to Deliver 59 Trains to Spanish State-Owned Rail Operator RENFE

March 9, 2021 / WIL BALDWIN

The Spanish state-owned rail operator RENFE has awarded Stadler a contract to deliver 59 commuter trains, which also includes the spare parts and maintenance for 15 years. This award is one of the batches in the bidding for the high-capacity trains tendered by the Spanish operator. Stadler proposes to maximize the capacity by using double-deck coaches with a scalable length from 100 to 120 meters and from 160 to 240 meters. The Iberian-gauge trains will operate on 3 kV DC overhead lines reaching a maximum speed of 140 km/h. They will provide the commuter service in the largest Spanish cities.

This is the first time that RENFE will order trains from Stadler. The new trains shall be developed and produced in Stadler’s plant in Valencia. The contract envisages an option for 44 additional units as well as their maintenance.

Iñigo Parra, CEO Stadler Valencia, said: “We’re excited about the decision from RENFE and their trust in Stadler. We were chosen to provide trains in our factory in Spain for the Spanish commuter service – this makes us proud.”

Stadler Cal Train rendering of the double decker coaches

U.S. Marine Corps Awards BAE Systems $184 Million for Additional ACV’s

February 14, 2021 / WIL BALDWIN

BAE Systems (OTC: BAESY) has received a $184 million contract option from the U.S. Marine Corps for more Amphibious Combat Vehicles (ACV) under full-rate production. The order demonstrates the Marine Corps’ confidence in a program that is on track to deliver this critical capability to the Marines. This contract award will cover production, fielding, and support costs for the ACV personnel carrier (ACV-P) variant. BAE Systems was awarded the first full-rate production contract option in December for the first 36 vehicles. This option on that contract increases the total number of vehicles under full-rate production to 72, for a total value of $366 million.

The ACV is a highly mobile, survivable, and adaptable platform for conducting rapid ship-to-shore operations and brings enhanced combat power to the battlefield. BAE Systems is under contract to deliver two variants to the Marine Corps under the ACV Family of Vehicles program: the ACV-P and the ACV command variant (ACV-C). A 30mm cannon (ACV-30) is currently under contract for design and development and a recovery variant (ACV-R) is also planned.

The Marine Corps selected BAE Systems along with teammate Iveco Defence Vehicles for the ACV program in 2018 to replace its legacy fleet of Assault Amphibious Vehicles (AAV), also built by BAE Systems. BAE Systems was also recently awarded an indefinite delivery indefinite quantity (IDIQ) contract worth up to $77 million for the ACV program that includes the provision of spare and replacement parts, testing equipment, and other services.

ACV production and support is taking place at BAE Systems locations in Stafford, Virginia; San Jose, California; Sterling Heights, Michigan; Aiken, South Carolina; and York, Pennsylvania.

The Republic of Mali Orders an Additional Airbus C295

December 2, 2020 / WIL BALDWIN

The Ministry of Defence of the Republic of Mali has placed a firm order for an additional Airbus C295 airlifter in the transport configuration. This second aircraft, to be delivered in 2021, will supplement the first C295 already in operation since December 2016 which has already accumulated 1,770 flight hours and transported more than 38,000 passengers and 900 tonnes of cargo in less than four years of operations.

This new order also includes an integrated logistics support package with spare parts for the two aircraft and training for flight crews and mechanics.

This acquisition is in response to the urgent need of the authorities of the Republic of Mali to have permanent air transport capacity within a very short timeframe, providing a vital link supporting operations and actions for the development of isolated areas in the northern regions of the country. Bernhard Brenner, Head of Marketing and Sales at Airbus Defence and Space, said: “This repeat order demonstrates the excellent capabilities and performance of our aircraft. The C295 is becoming the 21^stcentury standard tactical airlifter in Africa with 37 aircraft ordered in the region, from Algeria, Egypt and Ghana to Ivory Coast, Burkina Faso and Mali.”

Collins Aerospace and GKN Fokker Services Ink MRO Agreement

October 26, 2020 / WIL BALDWIN

– Expanded FlightSense On-Site Support agreement for Collins Aerospace’s Integrated Drive Generator (IDG) includes new part numbers for Airbus A320neo operators

Collins Aerospace Systems, a unit of Raytheon Technologies Corp. (NYSE: RTX), and Fokker Services, a GKN Aerospace company, today announced the expansion of an existing 10-year FlightSense On-Site Support agreement for Collins Aerospace’s Integrated Drive Generators (IDG’s). The expanded contract will add new IDG part numbers for the Airbus A320neo, while Collins Aerospace will continue to manage Fokker Services’ onsite inventory of IDG components, providing competitive rates for OEM-quality parts and improved shop efficiency. Fokker Services, in turn, will now be able to repair Collins Aerospace IDGs for the A320neo at its Amsterdam Airport Schiphol facilities.

The IDG provides primary electric power for the aircraft electrical system by converting variable engine input speed to a constant output speed, thus enabling the generator portion of the IDG to produce alternating current at a constant frequency.

“Collins Aerospace is pleased to continue building on its longstanding relationship with Fokker Services,” said Ryan Hudson, vice president, Aftermarket, Power & Controls for Collins Aerospace. “This agreement will help Fokker Services streamline supply chain operations, increase repair reliability and lower operational cost to better serve its customers with quality repairs of Collins Aerospace components.”

“As a leading aerospace service provider, we are proud to work with Collins Aerospace to provide MRO support for these components to operators,” said Ben Scharrenberg, director, Procurement for Fokker Services. “We bring added value based on many years of experience in supporting component MRO, our high quality standards including FAA, EASA and CAAC approvals, and our service expertise. We look forward to supporting our customers and to further expanding our relationship as Collins Aerospace’s channel partner.”

As part of the contract, Fokker Services will support airlines, MROs and Integrators with flexible, reliable and competitive OEM solutions for Collins Aerospace IDGs. The support includes:

– OEM parts & warranty

– Dedicated 24/7 customer service representative

– Quick Turn-Around-Time and performance guarantee

– Reliability monitoring services to ensure top quality

– Exchange inventory available to support the next removal

SkyWest Enters Into Secured Loan Facility Under CARES Act

September 29, 2020 / WIL BALDWIN

St. George, Utah, Sept. 29, 2020 /PRNewswire/ — SkyWest, Inc. (NASDAQ: SKYW) (“SkyWest”) today announced that it and its wholly-owned subsidiary SkyWest Airlines, Inc. have entered into a five-year Loan and Guarantee Agreement with the U.S. Treasury Department which provides SkyWest Airlines with a secured term loan facility to borrow up to $573 million under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). On September 29, 2020, upon entry into the Loan Agreement, SkyWest Airlines borrowed $60 million under the facility and has until March 26, 2021 to determine if it will borrow additional amounts in up to two subsequent borrowings.

The interest rate under the secured term loan facility is LIBOR plus 3.0% with no amortization. In consideration for the loan, SkyWest is obligated to issue warrants to the U.S. Treasury Department to purchase shares of common stock based on, and in connection with, amounts drawn under the secured term loan facility. In connection with the initial $60 million draw under the facility, SkyWest issued warrants to purchase 211,416 shares of common stock at an exercise price of $28.38 per share.

The Loan and Guarantee Agreement also includes certain restrictions, including restrictions on the payment of dividends and the repurchase of SkyWest shares. The Secured Loan is collateralized by aircraft engines and aircraft parts.

Delta Launches $6.5 Billion Debt Deal Backed by Frequent Flyer Program

September 14, 2020 / WIL BALDWIN

CHICAGO, Sept 14 (Reuters) – Delta Air Lines said on Monday it is seeking to raise $6.5 billion through new bonds and loans backed by its SkyMiles loyalty program, further bolstering liquidity to weather a drastic downturn in travel demand due to the COVID-19 pandemic.

The airline said it would use the loyalty program as collateral to secure the new loans and issuance, as it continues to burn through about $27 million in cash each day.

U.S. airlines have cut costs and raised debt to survive what they call an unprecedented industry crisis. The situation is not expected to improve until there is a meaningful recovery in demand.

With its latest financing deal, Delta will not pursue a $4.6 billion federal loan available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, officials said, even as it continues to lobby for a second round of federal payroll grants.

Atlanta-based Delta is among U.S. airlines to have tapped funds under a $25 billion made available primarily in grants under the CARES Act to cover employees’ payroll through September, but not a separate $25 billion package in secured loans.

The loan program has attractive financing terms but restricts executive compensation and share buybacks.

The airline has said it could furlough nearly 2,000 pilots in October without more federal aid, but believes it can avoid any flight attendant furloughs through the winter thanks to strong demand for voluntary departures or leaves.

Delta had $15.7 billion in liquidity at the end of June, which it said equaled about 19 months of financial runway at a daily burn rate of $27 million.

It still has unencumbered assets worth $6 billion to $7 billion, primarily in the form of spare aircraft parts and engines, if needed, officials said.

Delta did not disclose the value of the loyalty program or the terms of the new financing, which mirrors a debt deal by United Airlines in June backed by its $20 billion MileagePlus program.

Delta’s shares, which have lost about 46% this year, closed at $31.70 on Friday.

(Reporting by Tracy Rucinski; Editing by Ana Nicolaci da Costa)

Finnair Boosts Reliability of Regional Fleet with ATR Global Maintenance Agreement

May 27, 2020 / WIL BALDWIN

ATR and one of its long-standing customers, the Finnish airline Finnair, signed a 10-year Global Maintenance Agreement (GMA). Through this package, Finnair and Nordic Regional Airlines (NoRRA) – who operates Finnair’s regional ATR traffic – will benefit from a customised support from ATR, which will help the airline better anticipate maintenance costs while enhancing the dispatch reliability of its fleet of 12 ATR 72-500.

This pay-by-the-hour contract covers the repair, overhaul and pooling services of Line Replaceable Units, along with their door-to-door delivery and an on-site leased stock of spare parts. Finnair will also benefit from blades maintenance and availability, and maintenance recommendations based on ATR’s expertise to enhance aircraft reliability.

Juha Ojala, Vice President Technical Operations of Finnair, declared: “Our ATR flights form a key part of our feeder traffic to our Helsinki hub, and as a large share of our customers are transfer customers, they have strong expectations in terms of punctuality and reliability. This Global Maintenance Agreement is one step further in our relationship with ATR and ensures we benefit from the most suitable services, so that we can in turn provide our customers with a reliable and punctual travel experience.”

Stefano Bortoli, Chief Executive Officer of ATR, added: “Finnair is new to our GMA programme but they have been part of the ATR family from the very beginning, as they took delivery of their first ATR aircraft, MSN 006, in 1986. During the challenging times we are currently living, the confidence from a valued customer is the best tribute they can offer to the quality and economics of our products and services. We are looking forward to sharing our knowledge and expertise with Finnair, so that they can in turn keep on operating regional traffic in a responsible and efficient fashion.”

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