Friday, 3 October 2014

Boeing delivers first MH-47G Chinook helicopter to the U.S. Army

Boeing delivers first MH-47G Chinook helicopter to the U.S. ArmyBoeing completed initial flight and delivery of the first, new-build MH-47G configured Chinook helicopter to the U.S. Army Special Operations Aviation Command Sept. 29, 2014 – a full month ahead of schedule.
“It is an honor to be trusted to design, produce and deliver this advanced capability for the Army Special Operations customer,” said Steve Parker, vice president, cargo helicopters & H-47 program manager. “The advanced technology inherent in the new-build MH-47G ensures that the users and operators will have the superior mission capability that they require. This delivery also begins a new chapter that will carry the Chinook forward for many more decades and is the latest demonstration of Boeing and the wider Team Chinook’s commitment to delivering upon promises made.”
The new build MH-47G configuration incorporates a number of production improvements to include the digital advanced flight control system, more robust, improved monolithic machined-frames, and improved air transportability. The entire program, valued at approximately $300 million, calls for eight aircraft deliveries through 2015.
Source and image: Boeing

BOC Aviation announces new office in London

BOC Aviation is pleased to announce the official opening of the new London office, headed by Steven Townend, Deputy Managing Director and Chief Commercial Officer for Europe, Americas & Africa. 
Mr. Townend, who has been in charge of the revenue side of the company since 2004, has more than 20 years of aviation finance and leasing experience. He will oversee all senior relationships within Europe, Americas and Africa, and have primary responsibility for airline leasing and sales in these regions. 
Mr. Townend will also lead the company’s strategy for developing capital market products for both airline customers and third-party investors. This includes building the company’s managed aircraft business through the sale of portfolios of aircraft into the public asset-backed securities (ABS) markets. 
To expand BOC Aviation’s capabilities in these areas, the company has appointed Matthew Baumgarth as Senior Vice-President, Capital Markets. He brings with him 17 years of experience in the aviation finance industry with North American airlines and investment banks. He joins Tim Pickston, Senior Vice-President for Aircraft Sales, to be based in London and will report to Mr. Townend.
“BOC Aviation intends to maintain leadership in the global aircraft leasing market, with a focus on building up competencies in the aircraft operating leasing business to further grow the company in breadth and depth,” said Robert Martin, Managing Director and Chief Executive Officer. “With the opening up of the London office, we are building a core European-based team to diversify into investment products for existing and potential investors.”
Source and image: BOC Aviation

Avtrade names Carren Chiu new Regional VP Sales Asia

Avtrade names Milenko Krsmanovic new Regional VP Sales South AfricaAvtrade is delighted to announce further expansion into the China Region, with the new appointment of Carren Chiu in the role of Regional VP Sales – China.
Carren will be responsible for growing business in the China Region.  Developing sales strategy, increasing sales and maximising business opportunities, focus will be on building customer relationships and delivering high quality dedicated customer account management and performance.
Multilingual in English, Cantonese and Chinese Mandarin, Carren brings a wealth of knowledge and many years experience in the aircraft component industry.
Source and image: Avtrade

Heathrow expansion: the noisy money

Heathrow expansion: the noisy money

Heathrow expansion: the noisy moneyWith almost half a million yearly flights, Heathrow airport is one of the busiest airports in the world. Around 40% of the UK’s exports and imports, worth around £400bn, pass through the airport feeding the country’s economy every year. However, the economic benefits come at a price. Heathrow airport is the noisiest airport in Europe, exposing more than 4 times as many people to noise pollution as the second loudest airport does.
Obviously, a clash of interests have always surrounded the activity of the airport, but recently the tension has been especially heightened. Businesses claim, that the economy is hungry for increased connectivity and larger capacity, while local residents and NGOs dismiss it as lobbying. The options being proposed range from expanding Heathrow or Gatwick, to doing just about nothing; but if it was to expand, what implications would it carry?
Capacity issues
First of all, let’s take a look at the issue from the business perspective. Why should an expansion take place, and why is it this particular airport that has to expand? One of the most debated issues in the media is the lack of capacity to operate flights to the emerging new markets. Katja Hall, the Deputy Director-General of CBI, UK's premier business lobbying organization, has said that “if we are to spark new connections that drive trade, we need a solution that creates spare capacity at a single-site hub. While a hub is key to getting new routes started, at that point where emerging market opportunity turns into established trading partner, we need the means to move quickly to win new business. With Heathrow full and the UK slipping behind in the race for new connectivity, it is essential that the Airports Commission delivers a solution that addresses the ticking time bomb of our lack of spare hub capacity.”
No alternatives
Having a single hub is preferred over airport divisions, thus the support for airport extension at Gatwick is rather flimsy. “Back Heathrow”, a pro-expansion campaign, mentions that if Heathrow is not allowed to grow, new long haul flights will not go to Gatwick or other UK airports. The group claims that the routes and the associated business will simply use other hub airports in Europe such as Amsterdam, Paris and Frankfurt. The group is also dismissive of the idea that Heathrow and Gatwick could complement each other in daily operations. “Back Heathrow” representative has pointed out the previous attempts for the airports to co-exist: “Linking Gatwick and Heathrow is a nice idea, but it wouldn’t work […], because it has been tried twice before and it didn’t work on either occasion. Gatwick carries a tiny amount of freight compared to Heathrow (0.1 million tons in 2012 at Gatwick, compared to 1.5 million at Heathrow). This is because Gatwick is a point to point airport, heavily focused on short-haul holiday traffic. Heathrow is the UK’s only hub airport, and both passengers and freight rely on the hub model in order to reach their customers and suppliers. 86% of all UK air freight passes through Heathrow […] taking advantage of the global routes.”
Heathrow expansion: the noisy moneyThe beneficiaries
A rather controversial claim opposing the expansion rests upon the assumption that the extension is only beneficial to the airport owners, and not so much for the local businesses or UK’s economy. A very sceptical position is taken by Ms. Sarah Clayton, the coordinator of AirportWatch, an NGO opposed to unsustainable aviation. According to her, the necessity for a third runway is something that has been put about by the airports and the airline industry, very effectively, for their own benefit. She also adds that “there really is no capacity crisis. The whole presumption of need for more runways is for the very self-interested beneficiaries in this industry. No runway is actually needed, but the foreign owners of Heathrow would like the extra profits. ”
HACAN, an anti-expansion campaign that represents people affected by Heathrow’s noise pollution, also doubts the reasoning behind the expansion, bringing up several research studies conducted since 2008. The leader of the campaign, John Stewart, who has already had a part in stopping previous Heathrow expansion plans, has said that “there has been no hard evidence produced that London economy will lose out if Heathrow does not expand as a hub to match Charles de Gaulle, Schiphol or Frankfurt. The reason for this is London’s importance to business people as a destination. This was emphasized in Transport Statistics Great Britain, […] which showed that, worldwide, Heathrow had the largest number of terminating passengers on international flights in 2010. An earlier report from the Dutch economists CE Delft made a similar point. In the economics of Heathrow expansion (2008) they argued that a third runway was not required at Heathrow because, for business as a whole, other factors, such as the vibrancy of London’s financial centre, were of greater importance than the size of Heathrow. Writing (about tax) in The Times, Camilla Cavendish spelt this out: London is attractive as a base to international companies because of our open economy, time zone and language.”
However, the opposing campaign, “Back Heathrow”, puts forward an idea, that “like any business that is not allowed to grow, Heathrow would have to cut jobs in order to remain competitive. The knock-on effects would be severe – the local economy is inextricably linked to the well-being of Heathrow and will suffer without the airport’s growth.”
All so quiet?
For various reasons, UK businesses and Heathrow airport push for the Heathrow expansion; however, it was never a popular subject on the politicians’ to-do lists, as it was a certain vote loss. The main issue is, of course, noise pollution. Although airport representatives and expansion supporters argue that the expansion would lead to a decrease in noise levels, AirportWatch coordinator Ms. Clayton tells that “when the airports say the number of people affected is reduced, that is simply dishonest use of language. Airports and the entire aviation industry are very duplicitous on the issue of noise. There is a relatively arbitrary noise level, of 57dB Leq, which is taken - with little basis in the reality of how noise is experienced by people - as being the level at which noise becomes significant. Or a significant annoyance, in the jargon. The reality is that a noise average, like Leq does not begin to measure the actual noise nuisance, as it is heard by people. By changing flight paths they may be able to change the lines of the 57 dB contour to include fewer people. But in practice, people exposed to - say - 50dB Leq are also experiencing a lot of noise. It may be very annoying, or distressing, to thousands. But […] only those within certain contours are counted. That does not measure all those exposed to noise, outside these contours. For instance, further to the east along the approach flight paths over London. Areas like Clapham are very noisy, out as far as Greenwich. But they are not included in these figures.”
One more obstacle
Finally, in spite of all the opposition, it is very likely that the expansion will happen, and it will, in fact, take place in Heathrow. This naturally raises a question of how long will a third runway serve until next one is required? CBI puts the line at around 2050. With this mark in mind, it is important to remember probably the strongest obstacle – the European Union has set certain requirements for carbon emissions in aviation. The Aviation Environment Federation tells that building even a third runway at either Heathrow or Gatwick would risk jeopardizing the UK's Climate Change Act by allowing for an increase in flights that would also increase emissions. “Building just one new runway […] would threaten the ability of the UK to meet its overall climate change target to reduce greenhouse gas emissions across the economy by 80% by 2050.” Ms. Clayton is more elaborately opposed to the idea, saying that “fitting even one more runway in the south east is difficult, within the UK's carbon targets. A second new runway in the south east is completely impossible, in terms of carbon emissions. Anyone even contemplating a fourth Heathrow runway is dangerously out of touch with the realities of aviation carbon emissions, and the UK's legally binding carbon targets.”
All in all, Heathrow airport is likely to witness an expansion, however, will it actually allow it to become a long-lasting hub for the UK? The competition is strong and opposition is active, thus there is a large chance to see the 2050 expansion take place in other airports, bringing forth the highly undesirable division of operations and loosening Heathrow’s position as the UK’s hub.

The ins and outs of importing rare/AOG components to Russia

The ins and outs of importing rare/AOG components to Russia

The ins and outs of importing rare/AOG components to Russia  During the first 8 months of 2014 Russian airlines carried more than 63 million passengers and 658 thousand tons of cargo and mail, reports the Federal Air Transport Agency of Russia. These numbers suggest that the Russian aviation market is developing steadily. As a result, the share of foreign-made aircraft and the need for spare parts in the country are increasing with every year. However, given the complexity of the local components import procedure established in the Customs Union, how can airlines deal with the import of rare components or spare parts supply in AOG situations?
Passengers are not the only ones who experience the consequences of damaged aircraft. A single day of keeping an unusable Boeing 737 costs around 20 thousand dollars. For a wide-body aircraft this sum gets even bigger – keeping a Boeing 767 or a Boeing 747 may result in 100-150 thousand dollars-worth of losses per day. This amount accumulates from not only spare parts and components, but also the expenses of accommodating passengers at hotels and compensating them the delay, leasing another airplane (in case if a carrier cannot provide a spare aircraft on its own) and additional parking at the airport, as well as leasing payments and salaries for the employees (while the aircraft is on the ground and doesn’t generate any revenues).
“Not every company has its own stock of spare parts available whenever it’s needed. Establishing own stock of spare parts for an Airbus 320 or a Boeing 737 NG fleet approximates USD 5-10 million. In the meantime, the stock will account for only as few as 100-150 part numbers – the most demanded components for a particular type of aircraft. But what should a carrier do if a required replacement is not in the stock?” – says Maria Cholodova, the CEO of FL Technics Line Russia. The ins and outs of importing rare/AOG components to Russia
Only a while ago the import procedure or even a temporary delivery of components to Russia used to take around 4 days, including the logistics and preparation of the required documents. Today, however, if the delivery process is well-managed, the time limits have greatly reduced. A required part may reach one’s AOG-ed aircraft in Russia within 24h from placing the order.
According to Maria Cholodova, the order itself may not a guarantee that someone will proceed to its execution. There are a number of rare components, such as radio navigation, radio communication systems, radar equipment, oxygen generators or portable fire extinguishers for universal use, which require additional time due to procedural and logistical difficulties. At times, a delivery may require an arrangement and approval from a number of authorities and agencies, including the Federal Security Service, the Ministry of Trade, Radio Frequency Centre and other. Unsurprisingly, most suppliers are unwilling to undergo the entire process just to import a single component.
Moreover, many companies which deliver components to Russia do that through one or two customs offices only. This means that operators are initially limited in terms of receiving fast delivery, as parts can be shipped with the first flight to a certain airport, rather than with the first flight to any Moscow airport. 
“For instance, there is only a small  number of companies in the market which are able to provide fast delivery in case of an emergency through all three Moscow‘s main airports as well as road customs points, which are commonly used for oversized or dangerous component logistics. Then there are also several companies which may provide components from their own warehouses, if those components are in place,” continues Maria Cholodova, the CEO of FL Technics Line Russia. “At the same time, certain Russian carriers have the opportunity to import spare parts by themselves. But for many airlines, especially foreign ones, which neither have the resources nor the expertise to work with the Russian customs, this process may be extremely difficult and may result in a longer time period than the one the competitors have to suffer through. Therefore, since aircraft downtime may cost airlines a fortune, it is necessary to opt for the most appropriate approach in selecting the supplier, as the fastest order response does not mean the fastest delivery.”
Source and image: Fl Technics

Sunday, 28 September 2014

AerCap announces pricing of $800m senior notes

AerCap announces pricing of $800m senior notes

AerCap announces pricing of $800m senior notesAerCap Holdings N.V.  announced today that AerCap Ireland Capital Limited and AerCap Global Aviation Trust (together, the "Issuers"), each a wholly-owned subsidiary of the Company, priced their previously announced offering of senior notes, consisting of $800,000,000 aggregate principal amount of 5.00% Senior Notes due 2021.
The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company and certain other subsidiaries of the Company. The Issuers intend to use the net proceeds from the Notes for general corporate purposes.
The Notes and the related guarantees will be offered in the United States to qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.
The Notes and the related guarantees have not been registered under the Securities Act, or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
Source and image: AerCap

FLY Leasing prices $400m unsecured notes

FLY Leasing prices $400m unsecured notes

FLY Leasing prices $400m unsecured notesFLY Leasing announces pricing of senior unsecured notes offering.
FLY Leasing Limited, a global lessor of modern commercial jet aircraft, today announced the pricing of $400 million aggregate principal amount of senior unsecured notes, consisting of $75 million aggregate principal amount of 6.750% senior notes due 2020 and $325 million aggregate principal amount of 6.375% senior notes due 2021.
FLY plans to use the net proceeds of the offering for general corporate purposes, including the acquisition of aircraft.
Jefferies LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and RBC Capital Markets, LLC acted as the joint book-running managers for the offering. 
Source and image: FLY Leasing

Meet the world's strongest nine year old boy performing 90-degree push-ups

Romania: A nine-year-old bodybuilder dubbed the ‘world’s strongest boy’ has spent the summer holidays pumping iron to impress his school friends. Muscle-bound Giuliano Stroe, nicknamed the ‘Romanian Hercules’, sent friends videos of himself performing astonishing 90 degree push-ups before starting Year 5 at school. After balancing his weight on his hands he pushes himself from horizontal to vertical and then smoothly lowers himself to the floor again with his arms locked. Giuliano showed off his PE prowess along with younger brother Claudiu, 7, in the clips and the pair has been pumping iron since before they could walk thanks to keep-fit-mad dad Iulian, 35, and mum Ileana. The boys, from Icoana, southern Romania are considered to be the world’s strongest boy bodybuilders and go through gruelling two hour weight-training sessions seven days a week. Guiliano has his own YouTube channel and while some are impressed by his performances, others comment that his extreme exercise regime is ‘unhealthy’.
Your are here  » Home   » Crazy World Meet the world's strongest nine year old boy performing 90-degree push-ups BY  MIRROR Updated Saturday, September 27th 2014 at 10:47 GMT +3 Share this story: Romania: A nine-year-old bodybuilder dubbed the ‘world’s strongest boy’ has spent the summer holidays pumping iron to impress his school friends. Muscle-bound Giuliano Stroe, nicknamed the ‘Romanian Hercules’, sent friends videos of himself performing astonishing 90 degree push-ups before starting Year 5 at school. After balancing his weight on his hands he pushes himself from horizontal to vertical and then smoothly lowers himself to the floor again with his arms locked. Giuliano showed off his PE prowess along with younger brother Claudiu, 7, in the clips and the pair has been pumping iron since before they could walk thanks to keep-fit-mad dad Iulian, 35, and mum Ileana. The boys, from Icoana, southern Romania are considered to be the world’s strongest boy bodybuilders and go through gruelling two hour weight-training sessions seven days a week. Guiliano has his own YouTube channel and while some are impressed by his performances, others comment that his extreme exercise regime is ‘unhealthy’. Dad Iulian said: “He was very excited about going back to school and he wanted to show his friends he hasn’t been slacking during the holidays. “Giuliano is a good pupil and a very bright boy academically but of course his favourite lesson is always PE.”
The youngster holds olds a clutch of world records for feats of strength in his age group. And the tiny “muscleman” has been performing acrobatic feats and lifting weights and has already broken two world records for 90-degree vertical push-ups and another holding on to a pole like a human flag. He and his brother think nothing of lifting 4kg dumbbells and heavy weights to work on their biceps and build up their chest muscles. Dad Iulian said: “Critics say that the boys won’t grow properly, but there’s no proof of that. Hard work and exercise are always good.”

Vector Aerospace at Africa Aerospace and Defence 2014

Vector Aerospace at Africa Aerospace and Defence 2014

Vector Aerospace at Africa Aerospace and Defence 2014 Vector Aerospace Corporation, an industry leader in providing aviation maintenance, repair and overhaul (MRO) services for helicopter and fixed-wing aircraft will exhibit at Africa Aerospace and Defence 2014 (AAD 2014), taking place at the Waterkloof Air Force Base Centurion, City of Tshwane, South Africa from September 17-21, 2014.
“Vector Aerospace is excited to participate at AAD 2014,” says Jeff Poirier, president of Vector Aerospace Engine Services – Atlantic. “Our comprehensive engine and component repair, overhaul and test services deliver exceptional value and benefit to our customers. We have the diverse capability to accommodate our customers' specific requirements and the detailed product knowledge, experience and international service centre network to meet their needs. We look forward to meeting with operators at AAD 2014 to discuss how the Vector team can support their specific engine repair and overhaul requirements with superior quality and unparalleled customer satisfaction.”
Vector Aerospace holds approvals from some of the world's leading OEMs including Pratt & Whitney Canada, Rolls-Royce, Turbomeca, General Electric and Honeywell. Products supported include the Pratt & Whitney Canada PT6T, PT6A, JT15D, PW100, PW150A, PW307 and PW308A series engines; Rolls-Royce M250; Rolls-Royce T56/501D;Turbomeca Arriel 1 and Arriel 2; General Electric T58 / CT58 and CT-7A / T700 engines; Honeywell TFE731 and Honeywell ALF 502/LF507 (all engine lines include complete test capability); dynamic components, full-service avionics capability; up to and including glass cockpit engineering, development and integration, complete aircraft rewires, as well as airframes and major inspections support for a variety of Airbus Helicopters, Sikorsky,Boeing and AgustaWestland helicopter models.
Source and image: Vector Aerospace

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A body has been found in a Lufthansa A340’s landing gear at Frankfurt airport

  A dead body has been found in the undercarriage of a Lufthansa aircraft that arrived at #Frankfurt airport from Tehran. German newspaper B...