Saturday, 12 December 2015

VistaJet, bombardier challenger 350 sets world speed record

VistaJet, bombardier challenger 350 sets world speed recordA Bombardier Challenger 350 aircraft, owned by VistaJet, a global leader in premium long-range private jet travel, set a world speed record in its class, flying from Napa Valley to the Cayman Islands – a distance of 2,774 miles (4,463 km) – in five hours and five minutes.
he US-registered Challenger 350 aircraft, managed and operated by Priester Aviation**, departed Napa County Airport in California at 8:22 a.m. PDT on October 28, 2015 with three crew and two passengers on board. The maximum cruising speed was M 0.83 at a cruise level of 41,000 feet (12,497 m). The pilots touched down at Owen Robert International Airport in Grand Cayman at 1:27 p.m. PDT with more than sufficient fuel reserves.
“The Challenger 350 aircraft handled beautifully throughout the flight,” said Priester Aviation’s Captain Andy Wegman. “Thanks to its unmatched climb characteristics, we took it straight to 41,000 feet (12,497 m) in under 20 minutes, where we cruised comfortably at ground speeds up to 545 kts to set the record.”
“This achievement is another example of the impressive speed, climb and range capabilities of the super midsize Challenger 350 aircraft,” said David Coleal, President, Bombardier Business Aircraft. “We are pleased to share this honour with our valued customer VistaJet and congratulate the entire VistaJet and Priester Aviation team on achieving this new world record.”
“We’ve taken delivery of 13 Challenger 350 jets over the past year, and to date, our experience with this aircraft has been very positive,” said Nick Van Der Meer, Chief Operating Officer, VistaJet International. “We provide our customers with the best aircraft options for their intercontinental and transcontinental travel needs, and the capability showcased by the Challenger 350 jet on this new world speed record serves to reinforce this commitment.”
“We’ve taken delivery of 13 Challenger 350 jets over the past year, and to date, our experience with this aircraft has been very positive,” said Nick Van Der Meer, Chief Operating Officer, VistaJet International. “We provide our customers with the best aircraft options for their intercontinental and transcontinental travel needs, and the capability showcased by the Challenger 350 jet on this new world speed record serves to reinforce this commitment.”

Honeywell, $270bn worth demand for business jets in 10 years

Honeywell's business aviation forecast sees up to 9,200 deliveries of new business jets valued at $270b through 2025As a slow growth economic environment takes hold across many global markets, the business aviation industry is not immune to its impact.
In its 24th annual Global Business Aviation Outlook released, Honeywell Aerospace forecasts up to 9,200 new business jet deliveries worth $270 billion from 2015 to 2025, with a 3 to 5 percent reduction over the value noted in the 2014 forecast.
"While emerging markets like Brazil continue to be a bright spot for business aviation over the medium term, we have seen weaker demand across other key growth markets, which may affect near-term order and delivery levels," said Brian Sill, president, Business and General Aviation, Honeywell Aerospace. "And while the sluggish economic growth and political tensions are driving a more reserved approach to purchasing, we are seeing operators invest in retrofits and upgrades for their existing aircraft, especially around connectivity, boosting aftermarket opportunities."
There are key global findings in the 2015 Honeywell outlook include deliveries of approximately 675 to 725 new jets in 2015, a single-digit percentage growth year over year. The improvement in deliveries expected in 2015 is largely due to new model introductions and an increase in fractional-usage type of aircraft deliveries.
Moreover, 2016 deliveries are projected to be slightly lower reflecting weaker emerging market demand partially offset by deliveries to fractional operators and operators surveyed plan to make new jet purchases equivalent to about 22% of their fleets over the next five years as replacements or additions to their current fleet.
The total new business jet purchase plans, 19% are intended to occur by the end of 2016, while 17% and 20 % are scheduled for 2017 and 2018, respectively.
Operators continue to focus on larger-cabin aircraft classes, ranging from super mid-size through ultra long-range and business liner, which are expected to account for more than 80 percent of all expenditures on new business jets in the near term. Also, the longer-range forecast through 2025 projects a 3% average annual growth rate despite the relatively flat near-term outlook as new models and improved economic performance contribute to industry growth.
Source and image: Honeywell

Czech Military Eyes New Helos, Transport Aircraft

Czech Military Eyes New Helos, Transport AircraftThe Czech Ministry of Defense has invited producers from other NATO member states to supply offers for the delivery of 12 multipurpose helicopters for the Czech military with the aim to replace its outdated Soviet-designed helos.
Other plans include the acquisition of new transport aircraft to significantly increase the Czech Air Force's air transport capability, the ministry said in a statement.
“In the field of helicopters, it is our priority to buy 12 multipurpose helicopters to replace the Mi-24s and Mi-35s, which currently don’t comply with the requirements for deployment to foreign military missions,” Col. Jiri Vavra, the director of the ministry’s Air Force Development and Planning Department, said. “By 2025, we are also expecting to purchase two medium-size transport aircraft, which will significantly increase our air transport capability and enable the transport of vehicles and major gear.”
The Czech government has announced it will intensify its efforts to replace Soviet- and Russian-made military gear with weapons and equipment supplied by NATO member states following Moscow’s military intervention in Ukraine.
The new transport aircraft are to replace the Czech military’s Yakovlev Yak-40 planes. The Mil Mi-24 and Mi-35 helicopters are built by Russia’s state-run Mil Moscow Helicopter Plant.

Senator Mike Sonko Endorses And Praises Hon Raila Odinga

Nairobi Senator Mike Sonko in a public speech praised Hon Raila Odinga for his fight against corruption and public looting by government officials.
Mike Sonko, who is a vocal supporter of the Jubilee government made the rare remarks that have since gone viral across YouTube.
In the speech, Sonko praises Raila saying that he has never had Raila insult the president. This comes after the likes of Moses Kuria have persistently insulted Raila even threatening to sue Raila over his comments on demanding accountability from the government on behalf of the Kenyan people.
Sonko went ahead to say that through Raila’s pressure, officials who have been behind these mega corruption schemes have been arrested a testimony to the good work Hon Raila is doing.Raila has been summoned to appear before the commission tasked with investigating the Eurobond scandal. It is not yet clear if he will honor the summons. It has been alleged that the timing may collide with several commitments Hon Raila has for tomorrow.
He however said will make a decision on whether to honor the summons or not. Raila said that his decision will be based on the best interests of Kenyans.

VIP flight attendant: a dream job or a Pandora’s box?

VIP flight attendant: a dream job or a Pandora’s box?  Being a flight attendant is a dream job for many, but being a VIP flight attendant is close to a pure fantasy even for all those already in the business. They fly less hours, visit the most amazing places on earth and, according to the Daily Mail, earn from 2 to 8 times more than their commercial counterparts. However, great rewards come with unprecedented responsibility and the so called Bond-style life, where the phone ringing in the middle of the night is just another call to mission.
According wikiHow, becoming a corporate flight attendant is easy. You just have to follow 4 simple steps – have a passport (not a step, really), undergo training, apply for a job and show up for an interview. However, in order to learn how to do this job properly and to understand the executive clients you would be working for, you need to obtain far more knowledge and experience than the one provided during this 4 step program. Whilst scrolling through various VIP attendant job ads, it seems that fluency in languages, training and experience are all equally important for the role. Nevertheless, the truly crucial traits are versatility, knowledge and just shier devotion of a person.
“Almost everything this industry covers has to be flexible and flight attendants are no exception. The ability to take care of safety and understand your in-flight operational responsibilities is just a tip of the iceberg,” says Vitalij Kapitonov, the CEO of KlasJet. “On top of the commonly known duties, an attendant must maintain awareness of all passengers’ food allergies as well as dietary restrictions and preferences. Moreover, the skills of a PA come in handy when you have to arrange, for instance, a frozen butterball turkey, no smaller than 33lbs, in a few-hour notice (real story, by the way). It might come as a surprise, but food is where the attendants’ know-how is most valuable for every employer.”VIP flight attendant: a dream job or a Pandora’s box?
First off, the person must be skillful in culinary arts. After all, not only is he or she responsible for serving Michelin star plates, but also commonly in charge of finding, arranging and transporting food to the take-off airport. Such skills as the one of a sommelier are also highly appreciated in the industry. Apart from that, VIP crew must be acquainted with food safety and correct food handling techniques. No travellers, including CEOs, multibillionaires or pop stars, want to get sick because their beluga caviar wasn’t opened or stored the right way.
So the road to becoming a VIP flight attendant could be basically summed up in three words – learn, learn and learn. And if you work hard enough you are more than likely to get a call from a private jet operator offering you your fantasy spot. And you’ll be in for a treat. Having adjusted to the 24 hour notices, you’ll meet and chat with the brightest and the best as well as have the chance to literally see the world and your name on a $120 000 yearly paycheck.
Without a doubt, aside from the culinary education, industry-specific training also plays a big role in a flight attendant’s working in business aviation life. According to the KlasJet executive, almost all of the companies require candidates to have CPR, AED and first aid, in-flight cabin service, food catering, and FACTS Training. However, the main criteria remain the know-how and the ability to be flexible and organized. “In general, companies with extensive experience in the field offer the greatest conditions, however, that means you also have to be the best candidate,” concludes Vitalij Kapitonov, CEO of KlasJet.
Source and image: KlasJet

U.S. challenges China at WTO over aircraft tax policy

U.S. challenges China at WTO over aircraft tax policy The United States has launched dispute settlement proceedings at the World Trade Organization by requesting consultations with China over its different tax policy on foreign aircraft versus planes produced in China, a top U.S. trade official said Tuesday.
U.S. Trade Representative Michael Froman said that China imposes a 17 percent value-added tax (VAT) on imported aircraft generally weighing under 25 metric tons while exempting such aircraft made in China from the tax.
The Chinese government has also failed to publish its tax exemptions for domestically produced aircraft, he added.
"Transparency of laws and regulations impacting trade is a core WTO commitment that China must uphold, just as it expects other countries to do," Froman said. "For these reasons, the United States is filing a trade enforcement case to hold China accountable."
Consultations are the first step in the WTO dispute settlement process. If the United States and China are not able to reach a mutually agreed solution through consultations, the United States may request that the WTO establish a dispute settlement panel to examine the matter.
In a briefing with reporters, U.S. trade officials said the United States exported about half a billion U.S. dollars' worth of small- to mid-sized aircraft to China in the past three years, and they see China's newly self-developed regional jet ARJ21 as a competitor against U.S. aircraft in the future.
The USTR's request came as U.S. House and Senate lawmakers are nearing an agreement on a trade customs and enforcement bill, which would help strengthen U.S. trade enforcement.
The House and Senate have passed different versions of the customs and enforcement bill, but have yet to reconcile their differences to pass a final measure.
"The case is an important confirmation that enforcement matters. At the same time, I will continue working through the customs conference committee to give USTR even more enforcement tools," said Dave Reichert, chairman of the House Ways and Means Subcommittee on Trade.
The Chinese Ministry of Commerce has repeatedly urged the United States to abide by its commitment against trade protectionism and work together with China and other members of the international community to maintain a free, open and just international trade environment.
Source and image: English News

Pilot killed in plane crash North of Council Bluffs

Pilot killed in plane crash North of Council Bluffs The pilot of a single-engine plane was killed when his aircraft crashed in the median of Interstate 29 north of Council Bluffs on December 10.
Pottawattamie County Sheriff Jeff Danker said, ""Right now we have one deceased."
The Sheriff said the pilot left Eppley Airfield around noon. Moments later he radioed back saying he was experiencing problems with the plane. He requested permission to return to the airport. According to witness reports the plane then clipped a power line and crashed.
The plane went down near mile marker 58 east of Eppley Airfield and north of downtown Council Bluffs.
Darrell Wade was traveling along I-29 just before the plane went down. He told us, "I looked at the other two guys in the truck with me and said, 'Oh crap, he's gonna crash."
Wade said, "We were heading south on Interstate 29. Plane was flying on the other side, following the railroad tracks. Cut a hard right. Landing gear dropped. Clipped one of the power lines. Cartwheeled and landed face-first in the dirt."
Wade said, "When his landing gear came down I knew that he was having some kind of mechanical issue, obviously." He said he saw no fire but the wreckage was surrounded by fuel.
He told us he checked the pilot - the lone person on board and said, "No response. No pulse."
Traffic was interrupted after the crash but was moving again by 1 p.m.

Air New Zealand installs futuristic bag drops

Air New Zealand installs futuristic bag drops Air New Zealand is claiming another world first with its new electronic bag drops at Auckland International Airport.
The national carrier said checking-in would be faster with the new bag drops which featured "world-first biometric technology".
The technology was similar to that used by SmartGates, where passengers scan their passports and boarding passes to have their identities verified by a biometric camera.
Once identification has been confirmed passengers weigh their bags which are then processed through the airline's baggage handling system.
Five bag drops have been installed at Auckland Airport with eight more being installed in early 2016.
In November Air New Zealand claimed another first by introducing monitoring bracelets for minors, called Airbands.
The wristband is embedded with a chip which is scanned at stages of the journey, triggering text notifications to be sent to up to five nominated contacts.
Source and image: Lenta.ru

Russia’s Transaero plans to come back in 2016

Russia’s Transaero plans to come back in 2016 In October 2016, AeroTime was pretty sure it is not yet a goodbye for Russia's second largest airline. Now, the founders of Transaero announced their plans to create a new airline, employing the rest of existing staff (over 200 people).
Read more: Known facts about Transaero and its bankruptcy to date
The news come from sources in an international aviation holding company engaged in airport construction holding, working on the development of the Moscow‘s fourth airport – Ramenskoye International. Russian newspaper ‘Izvestia’ claims that, according to the sources, Mikhail Prokhorov might finance the revival of Transaero scheduled for 2016.
It is expected that the name of the new company will most likely include the word "Transaero" and is planning to begin flights the first half of 2016. The flights will be carried out from Ramenskoye airport, which belongs to the state corporation Rostec and is scheduled to open in summer 2016.
The fleet of the newly established carrier will include from 7 to 9 aircraft, previously used by Transaero. The fleet can be expected to consist of 5-6 Boeing 737 and 2 or three Boeing 767 2-3 planes. The sources told that the new carrier will try to return some routes previously operated by Transaero. Most of them were lately re-distributed to Aeroflot, the state-run giant and largest rival of Transaero.
The total amount of Transaero‘s debt is around 260 billion rubles. A number of Transaero creditors is now trying to bankrupt the company. In particular, the claim on company's bankruptcy was filled in the by Sberbank and Alfa-Bank.
Russia’s Transaero plans to come back in 2016Ramenskoye International will be the fourth airport of the Moscow Aviation Hub which is currently being developed by Ramport aero group under the collaboration of Rostec and Avia Solutions Group. While operating the longest runway (5.5 km) in Europe, the airport will act as a major center of experimental, governmental and civil aviation.
Avia Solutions Group invested 1 billion RUB (over USD 30 million) into the Ramport share capital and control up to 75% of the newly established company stocks. The Russian industrial giant Rostec will contribute to the project by bringing in the land and real estate currently under its ownership in the territory of Ramenskoye aerodrome. In seven years’ time the total investment into the development of the fourth airport in Moscow is expected to top USD 236 million.

Star Alliance is set to expand its network under 'hybrid' model

Star Alliance is set to expand its network under 'hybrid' modelStar Alliance is set to expand its network reach with the launch of its Connecting Partner Model. Under this new concept, routes operated by “low-cost” and “hybrid” airlineswill be able to connect to the Alliance network. This will allow customers of Star Alliance member carriers to select from an even wider choice of destinations and flights.
“With this innovative concept, we are breaking new ground. We see a definite trend of convergence between the ‘traditional full service’ and ‘low-cost’ business models in the airline industry,” said Mark Schwab, CEO Star Alliance. “At the same time, our customers are telling us that they need access to markets where we do not yet provide ideal coverage. In many cases network carriers are not in a position to fill this gap and hence working with future Connecting Partners will allow us to provide an extended network to our travellers.”

Connecting Partners will be carefully assessed for their fit into the existing Star Alliance network. While these selected airlines need to comply and adhere to the high operating standard required by the Alliance, they will not become a member of the Alliance itself.

Customers travelling on an itinerary which includes a transfer between a Star Alliance member airline and a Connecting Partner will be offered Alliance benefits such as passenger and baggage through check-in. Moreover, Star Alliance Gold Card holders will enjoy a tailored set of privileges in line with the different product offerings of the individual Connecting Partner.
Connecting Partners will enter into bilateral commercial agreements with selected Star Alliance member airlines, which may include additional Frequent Flyer Programme based privileges.

Innovative and multi-award winning South African low-cost airline Mango has been selected as the first airline with which Star Alliance will be implementing the new concept.

“We are delighted to be working with Mango as we marry traditional and low-cost or hybrid airlines for the first time in our Alliance’s history. The airline’s innovative and progressive style makes it an ideal candidate for launching our new Connecting Partner concept. We aim to have first customers using this new offer as of the third quarter of 2016,” adds Schwab.

Mango’s first flight took to the skies on November 15th, 2006. Since then, the airline has grown its fleet from four to 10Boeing 737-800 aircraft, operating between South Africa’s key domestic points as well as between Johannesburg and Zanzibar. The carrier remains the only African airline to offer on-board Wi-Fi. In addition, Mango has been recognised for its Customer Service Excellence by various awards, including the World Travel Awards and Skytrax.

“Innovation and a relentless pursuit of excellence are the cornerstones of Mango and fundamental to our culture as a business,” says Mango CEO Nico Bezuidenhout. Mango celebrates a decade in aviation next year and the carrier has recently become the largest low-cost airline in South Africa by passenger volume. “Participation in the development of, and ultimately becoming the launch Star Alliance Connecting Partner airline, wedges-in with our medium to long term business objectives,” he added.

Bezuidenhout said that while the Connecting Partner product flies in the face of convention, the common ground for the concept relates directly to the bottom line. “Becoming a Connecting Partner will give any low-cost or hybrid airline a competitive advantage that immediately grows market share while creating greater choice for travellers,” he said.

Friday, 11 December 2015

Turkish warplanes enter Iraq airspace

Turkish fighter jets carried out a new barrage of air strikes against Kurdish rebels in northern Iraq overnight. 
The Turkish military said on December 9 that the overnight raids "destroyed" targets of the Kurdistan Workers Party (PKK) in four areas.
A PKK spokesman in Iraq, Dahmat Agit, said the strikes targeted three villages, adding that no PKK members were killed in the raid.
Turkey has been waging an offensive against PKK strongholds in the southeast of the country and in northern Iraq following the collapse in July of a two-year cease-fire with rebels.
Meanwhile, the presence of Turkish troops near the Islamic State-held city of Mosul in northern Iraq is a "violation" of international law, Iraq's president said Saturday.
President Fuad Masum called the move a "violation of international norms, laws and Iraq's national sovereignty," and said it was contributing to increased tensions in the region.
Hakim al-Zamili, the head of parliament's security and defense committee, went a step further, calling on Iraq's prime minister to launch airstrikes against the Turkish troops if they remained in Iraqi territory.
Turkey has said a military battalion equipped with armored vehicles has been in the Bashiqa region close to Mosul in the northern Ninevah province for the last five months as part of a training mission to help forces fighting the Islamic State group. Mosul fell to the extremists in June 2014 amid a stunning collapse of Iraqi security forces.
Plans to try to retake Mosul last spring were sidelined as the extremist group advanced on other fronts.
The founder of the training camp outside Mosul, former Ninevah governor Atheel al-Nujaifi, told The Associated Press that the Turkish trainers were at his base at the request of Iraqi Prime Minister Haider al-Abadi and Defense Minister Khaled al-Obeidi. He said the Turkish forces are training but not arming Sunni fighters.
"They didn't give us any weapons even though we asked them to," he said. "We equipped this force from the black market with our own money and we believe they're the best force to liberate Mosul... These people will be very effective to hold ground because they are from there and there'll be no resistance to them from local people."
Sunni fighters in Ninevah and the western Anbar province say the Shiite-dominated government has failed to provide them with the support and weaponry needed to defeat the IS group. The government fears that arming Sunni tribes and militias could backfire. Sunni grievances were a key factor fueling the rise of the IS group, and many Sunnis initially welcomed the extremists as liberators.

HondaJet receives type certification from FAA

HondaJet receives type certification from FAAThe HondaJet received type certification from the United States Federal Aviation Administration (FAA). 
The FAA presented the type certificate to Honda Aircraft Company President and CEO Michimasa Fujino in front of more than 2,000 people, including FAA Administrator Michael Huerta, government representatives, community leaders, HondaJet dealers, suppliers, and Honda Aircraft associates.
“Achieving FAA type certification for the HondaJet is a monumental milestone for Honda,” said Fujino. “We established Honda Aircraft as a new aerospace company and introduced our first product — an advanced light jet with technologies developed from serious research activities. We designed, tested, and have now certified this clean-sheet design aircraft – an unprecedented challenge for Honda.”
Honda Aircraft Company validated the HondaJet’s performance, safety, function and reliability through rigorous ground and flight tests with the FAA. Total flight hours exceeded 3,000, with testing conducted at more than 70 locations across the United States.
“This day was achieved through the collaborative efforts of the FAA and Honda Aircraft Company,” said Melvin Taylor, manager of the FAA’s Atlanta Aircraft Certification Office. “Collaboration is not easy, it often is a difficult subject. But when it is done successfully like this program, the rewards are gratifying to us all.”
The HondaJet’s innovative Over-The-Wing Engine Mount configuration, natural-laminar flow wing and composite fuselage make it a higher performance, more fuel-efficient and more spacious light jet. The HondaJet is the fastest in its class at 420 knots (483 mph) and the most efficient in its class.
With HondaJet FAA type certification achieved, Honda Aircraft is now ramping up production in Greensboro with 25 aircraft on the final assembly line. The Honda Aircraft workforce is nearing 1,700 people, as the company prepares for deliveries, pilot training and after-sales customer service and support by the end of the year.
“This is an exciting day for North Carolina and our state’s aerospace industry,” said North Carolina Governor Pat McCrory. “As far back as the Wright Brothers’ first flight at Kitty Hawk, our role in aviation has always been significant. Now, when we look up in the sky, we will see jets made right here in North Carolina. Congratulations to Honda Aircraft Company on this enormous achievement.”

Tuesday, 20 October 2015

Germanwings could replace Air Berlin for Berlin-Moscow route

germanwingsGerman low-cost airline Germanwings could replace Air Berlin for the route Berlin-Moscow in the Domodedovo airport.
"Currently, direct flights between Russia and Germany are carried out by several partner airlines of the Domodedovo Airport — Lufthansa, S7 Airlines, Ural Airlines. Carriers are planning to carry out flights to Munich and Frankfurt in the upcoming winter navigation season, which will allow passengers of the airport to travel with comfort on these routes," a spokesman for the airport said.
Flights from Moscow (Domodedovo airport) to Berlin by the Germanwings airline are expected to start in the beginning of the autumn-winter season of 2015 (two daily flights).
It was reported earlier, that the second largest German airline Air Berlin decided to leave Russia due to the low demand. The route Dusseldorf-Moscow closes from November 9, Kaliningrad-Berlin — from January 10. The last flight between Berlin and Moscow will be conducted on January 18.
According to Air Berlin regional manager in Russia Yulia Vorotnikova, the company could come back in case the passenger demand recovers.
"In summer the passenger load was very good, which was followed by a serious decline. Therefore, it was decided to discontinue flights to Russia. But this does not mean that we are leaving for good. If the demand is stable, we will look at the possibility of coming back," she said.
"After the flights are closed all passengers with Air Berlin tickets will be transported by our partner companies, or will get their money back," Vorotnikova added.
In total he airline performed 32 weekly flight to Russian cities.

AerCap announces pricing of $1bn of senior notes

AerCap announces pricing of $1bn of 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 $1.0 billion aggregate principal amount of 4.625% Senior Notes due 2020 (the "Notes"). This represents over twice the offering size announced at launch. 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.
Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC. are serving as joint book running managers for the underwritten public offering.
The Company has filed a registration statement (including a prospectus) on Form F-3 with the SEC for the underwritten offering to which this communication relates. The registration statement automatically became effective upon filing on June 22, 2015. Investors should read the accompanying prospectus dated June 22, 2015, the preliminary prospectus supplement relating to the offering dated October 16, 2015 and other documents the Company has filed with the SEC for more complete information about the Company and this offering.

Honeywell, $9.6bn sales in Q3, 2015

Honeywell, $9.6b sales in Q3, 2015Honeywell announced results for the third quarter of 2015, sales reached $9.6 billion.
Defense & Space sales increased 2% on a core organic basis (1% reported) driven by strong international growth, partially offset by lower sales to the U.S. government.  Commercial OE sales were up 4% on a core organic basis (3% reported) driven by strong Business and General Aviation (BGA) engine shipments.  Commercial Aftermarket sales were up 3% on a core organic basis (2% reported) driven by continued growth in repair and overhaul activities, partially offset by a decline in RMU (Retrofit, Modifications, and Upgrades) sales in BGA.
“Honeywell delivered another strong quarter of earnings growth and exceptional margin expansion,” said Honeywell Chairman and CEO Dave Cote.  “ In a slower growth environment, we generated earnings growth of 10% when normalized for tax, reaching the high end of our EPS guidance range. This included $34 million in net restructuring charges in the quarter, which position us for continued long-term margin expansion. In addition, Free Cash Flow for the quarter of $1.4 billion increased 43%, with Free Cash Flow conversion of 110%.  We are confirming our full-year EPS guidance at approximately $6.10, representing estimated full-year earnings growth of approximately 10% and our sixth consecutive year of double-digit earnings growth. We also announced the $5.1 billion acquisition of Elster in July, and are on track to close in the first quarter of 2016.  Looking ahead to 2016, we’re planning for a continuation of the slow growth macro environment, but we expect to deliver continued margin expansion and earnings outperformance driven by our balanced portfolio, relentless seed planting in new products and technologies, High Growth Region penetration, over $300 million of funded restructuring, and the deployment of our key process initiatives.”

It’s about time: greetings to your new robot co-pilot

It’s about time: greetings to your new robot co-pilotPilot error, of course, is a fancy name for human factor. So how would you like a robot co-pilot as a team member having the ability to deal with pilot’s error?
Commercial aviation is already heavily automated and modern airliners are capable of largely flying themselves. According to a recent study conducted by Duke Researcher Missy Cummings, in which she interviewed 11 commercial pilots who fly both Boeing and Airbus planes, the controls are barely touched at all. Those operating Boeing 777s reported that they spent just seven minutes manually piloting their planes in a typical flight. Pilots operating Airbus planes spent half that time.
You might be surprised, but robots fly planes all the time these days. Drones are old news and there are already a few projects looking at how to use what we’ve learned from drones to boost commercial flights.
The Pentagon’s defense research agency, DARPA, is working on ALIAS - an advanced form of autopilot that can adapt and respond to changing situations. Essentially, it's a digital co-pilot. The technology is promising enough with investing $57.5 million to make the digital co-pilot a reality for military and commercial aircraft within the next decade.
The creators from DARPA believe co-pilot may stop a repeat of the Germanwings crash, where a lone pilot intentionally flew an airliner into the ground. And the 1999’s EgyptAir Flight 990, crashed in the North Atlantic with 217 people dead, attributed by U.S. investigators to a suicidal pilot. And 2012’s JetBlue Flight 191, where a pilot left the cockpit screaming about terrorists and the FO locked him out of the cockpit.
Gary Claiton, a Chairman at the Unmanned Aerial Vehicle Systems (a non-profit trade association representing the whole unmanned aerial industry), is pretty sure that one day aviation will foremost shift towards robotic co-pilots.
“As the technologies developed for large unmanned systems become understood and trusted, we will see a reduced manning level in the cockpit. This is not to say that there will be less pilots but a backup pilot may be situated on the ground“, says Gary.
To support Gary’s opinion, there's indeed a debate in aviation circles about whether over-reliance on automation will result eroding pilots' flying skills. To calm those who are worried – the new program’s goal is to use robots to augment, rather than automate, flight.
It’s about time: greetings to your new robot co-pilot
One of the ALIAS developers, Jessica Duda, explained DARPA would like to use the humans for what the humans are really good at and the automation for what the automation is really good at.
“Airline autonomy has led to major safety gains for commercial aviation, as it reduces the workload of the pilots allowing them to manage the flight, rather than fly the aircraft”, says Richard Taylor from UK CAA’s communication department.
Still, the problem is that the passengers aren’t ready for robotic planes — and neither are human pilots.  But minds can be changed. Similar concerns accompanied the removal of a human navigator from the cockpit in the 1970s, but, hey, now we are absolutely fine.
Technology is always advancing to ensure safety, to say. “There are threats but these relate to public perception and soft issues of that nature.  The use of electro-optical sensors fused with other technologies has already proven that it can achieve a wider angle of view and at higher resolution that the human pilot can. Add to this that cloud detection, both distance estimation and type recognition, has been proved to be more reliable than the human. It is easy to see that new technologies will make all aviation safer“, explains Gary Claiton, the Chairman at UAVS.
Despite that, many experts are worried over the deployment of increasingly autonomous systems – some believe that increasingly sophisticated planes will not always be safer planes considering cyber attacks. But the military does it with drones all day, every day, and well-encrypted communications would go a long way to preventing that from happening, ensured ALIAS developers.
“Totally safe and secure command and control systems need to be developed to ensure the link between remote pilot and unmanned aircraft cannot be broken or interfered with. Unmanned aircraft technology has great potential in all sorts of areas, however, it is vital that this technology is developed safely”, comments Richard Taylor from UK CAA’s communication department.
Moreover, some have looked into a system in which one pilot and the robot is in the cockpit, and the others are on the ground. Most probably, it could save a massive amount of money for airlines in terms of pilots' salaries and more importantly put an end for highly-criticized Pay2Fly schemes expansion. So the robot co-pilot would work in cases such as the 9/11 attacks, in which the pilot, or a hijacker, or someone flying the plane, becomes the most dangerous thing to a specific plane's safety.
In fact, one of the commercial planes manufacturers already though about that. Boeing has already patented an "uninterruptible autopilot system" that could take over the plane from the ground. "A pilotless airliner is going to come; it's just a question of when," said James Albaugh, the president and CEO of Boeing Commercial Airlines, in a talk he gave in August at the AIAA Modeling and Simulation Technologies Conference, in Portland.
“As part of the UAS industry, and someone that has researched the technologies for large UAS for many years, I welcome this path of travel. It is through the extended use of these new technologies, as additional safety aids in manned aviation, that overall acceptance will be gained leading to the introduction of more and more unmanned equivalent aircraft in the future“, says Gary Claiton.
To prove the point, technology company BAE Systems recently flew a converted Jetstream aircraft – known as “The Flying Test Bed” – with no pilot in UK air space. The trial flights did have people on board, allowing a human to take control in an emergency. But, for the large part, Jetstream flew itself.
It’s about time: greetings to your new robot co-pilot
However, the biggest impact of automated systems development for UAS, some argue, will be in the general aviation segment.  According to R. Steven Justice, the Director of Center of Innovation for Aerospace from American Institute of Aeronautics and Astronautics, the FAA will first require sense-and-avoid technology systems to be very reliable and robust to assure the safety of other aircraft and people on the ground, while we will see them migrate into the General Aviation segment to further improve utility and safety afterwards. Within a decade, explains R. Steven Justice, UAS derived automation technology will greatly improve the safety of the general aviation segment.
“In a country with very little GA traffic, it is much easier to introduce UAS while in the U.S. we must ensure that the wide use of UAS does not reduce the overall level of safely. There are almost 250,000 general aviation aircraft in the U.S., equal to the combined GA fleets across the rest of the world. Balancing safety and commercial interests is the challenge to the FAA as it moves forward with rulemaking“, continues Steven.
The other major challenge is the development of successful business models.  It is only one year removed from the first commercial authorizations by the FAA for commercial UAS operations and we are just beginning to see the natural evolution of the business sector.  The next two to three years will see many business models that fail and a smaller number that will succeed; that natural “weeding out “ process will shape the competitive landscape and drive the next round of technology development. We have overcome such issues before with other technologies and we will be successful in integrating UAS into the everyday fabric of our lives and commerce“, revealed R. Steven Justine.
On the 5th of March 2015, an American Airlines pilot died suddenly during flight, leaving the plane's first officer to make an emergency landing with 152 people on board. The scenario is rare, but not unheard of. Seven pilots for U.S. airlines and one charter pilot have died during flights since 1994, according to the Federal Aviation Administration. UAS will allow us to do many current commercial activities without the risk to human life; the same reason UAS has become commonplace in military missions.   As with any new technology we must balance the pros and cons of the technology with many issues resolved through education of the operators to minimize the negative impacts.
To get its competence and trust, the robot co-pilots of tomorrow will have to start today by exploiting niches where civilian pilots can't or won't work—just as was the case in the military or rescue operations.
“There are no barriers, just work to be done! The airspace is open, as it is for all air users, as long as Equivalents and Transparency can be proved“, concludes Gary Claiton.
With time, the systems will improve and eventually conquer additional segments of the broader market. And we believe these baby steps in automation will eventually collide with another trend in aviation - instead of a two-person cockpit, we'll see one person only, and software would serve as a backup.
Since the Germanwings crash last March, pilots’ behavior has been under scrutiny. However, researchers believe we are still a long way from switching to completely automatic, pilotless planes or even planes with just one pilot onboard. Pilotless planes, like driverless cars, will have to fit in with existing infrastructure and regulations before they can take off.

EVA Airways to purchase 24 787-10 Dreamliners and 2 additional 777-300ER

EVA Airways to purchase 24 787-10 Dreamliners and 2 additional 777-300ER Boeing announced EVA Airways' intent to purchase up to 24 787-10 Dreamliners and two additional 777-300ER (Extended Range) jetliners, which is valued at more than $8 billion at current list prices. EVA Airways will join the 787-10 launch customer team and will be one of the first airlines in the world to introduce the newest member of the 787 Dreamliner family.
Once the deal is finalized, it will be posted on the Boeing Orders and Deliveries website.
"We look forward to welcoming EVA Airways as Boeing's newest member of the 787-10 Dreamliner launch customer group," said Boeing Commercial Airplanes President and CEO Ray Conner. "EVA Airways has been a valued Boeing customer over the past few decades and we are honored that they continue to introduce new Boeing widebody airplanes into their growing world-class fleet."
EVA Airways continues to modernize its long-haul fleet to replace aging aircraft and these new airplanes will allow the airline to expand into new markets, particularly in Southeast Asia, Oceania and North America.
The airline currently operates more than 37 Boeing airplanes in its fleet, including 21 777-300ERs. The 777-300ER is the backbone of EVA Airways' growing fleet and the carrier is the world's 8th largest 777-300ER operator and 4th largest in Asia.
With its intent to purchase two additional 777-300ERs as part of this deal, EVA Airways will have unfilled orders for 15 777-300ERs and five 777 Freighters, as well as 24 787-10s – both direct purchased and leased.
The 787-10 will be the third and longest member of the super-efficient 787 family. With its greater passenger and cargo capacity, robust range and passenger-pleasing features, the 787-10 will complement EVA's Boeing widebody fleet while setting a new benchmark for fuel efficiency and operating economics. The 787-10 will be 25 percent better in fuel and emissions than the airplanes it replaces and more than 10 percent better than anything offered by the competition for the future.

Airline business – do banks really know what they sign up for?

Airline business rollercoaster – do banks really know what they sign up for?Several thousand at Air France, six thousand at Malaysian Airlines and almost 11,000 at Transaero - these are the potential job cuts to be carried out by these major world carriers. This once again comes to show that airline business always balances on a fragile edge between profit and loss. However, if a carrier reaches an extreme point of bankruptcy, what awaits its financial partners? Will the banks be able to repossess the aircraft they have previously financed? Or will they end up with a $0.5-1 million loss-generating asset they know almost nothing about?
A grounded narrow-body aircraft generates approx. $40-50 thousand worth of losses each month in a form of various technical and engineering works mandatory to keep it in fit-to-operate condition. In addition, one has to pay airport parking fees – from a couple to a dozen thousands of dollars per month. Multiply that by two, three or ten aircraft and you will end up with quite a noticeable amount that someone has to pay for an unused fleet. If unsettled, these debts will eventually be transferred to the aircraft owner as grounded airplanes are often used as bail.
Moreover, if a grounded aircraft is not properly maintained or is being put on storage until better times, its preparation for re-entrance into service might require 3-4 million dollars. A wide-body will require at least twice as much. For an investor, it also means lost returns due to unreceived lease or interest payments.Airline business rollercoaster – do banks really know what they sign up for?
“As an investment, aircraft are quite attractive since they employ large sums of money and generate good returns – up to several millions of dollars per Airbus A320 type aircraft. However, ceaseless rollercoaster situation on the financial market and such events as the most recent ‘Black Tuesday’ in China discourage banks and institutional investors from putting money into securities. Instead, they explore more predictable and long-term assets which generate stable returns for a number of years,” explains Tomas Sidlauskas, Vice-President at AviaAM Leasing.
A lucky investor will enjoy anticipated 7-12% returns if the aircraft is being successfully operated by its first and second lessees for the term of both contracts. From the investor’s side, this will require minimum engagement into technical processes (often, only during aircraft redelivery and delivery to the second lessee).
In some cases, a multiple aircraft finance deal foresees that the financing of separate assets may be transferred to third-party investors. This way a major bank like Deutsche Bank, Citibank or Goldman Sachs which already has certain experience on the aviation market secures the required multi-million funding for an airline (or a leasing company), and then sells some of the liabilities to other banks or investors. That is how new aircraft market entrants and smaller banks typically receive an asset which they know little about. Of course, primary banks did all required due diligence to ensure that the asset is liquid, but it doesn’t mean that together with the liabilities second-tier investors get precise instructions how to maintain and remarket the aircraft.
“Over the past 5-7 years, dozens of airlines went down all over the world thus suddenly leaving their financial partners with numerous aircraft. Are these aircraft in good or poor condition? What are the dos and don’ts for the bankrupting operators with regard to their assets before they fully seize operation? Will it be possible to re-market the aircraft ASAP in order to ensure that no-profit generation period doesn’t exceed a couple of months? That’s quite a set of time-sensitive questions for someone who has anticipated trouble-free monthly returns 15 years in a row,” shares Tadas Goberis, the CEO of AviaAM Leasing. “In other words, aircraft financing business requires you to have both technical competence and round-the-year communication with as many potential lessees as possible. This is the only way to prevent millions of dollars worth of losses in an unforeseen situation. Otherwise, look for someone who already holds the required knowledge and let them act on your behalf.”

Lockheed eyes overhead cuts of up to 30 percent

Lockheed Martin launched a review aimed at cutting corporate overhead costs by as much as 30 percent, according to two sources familiar with the initiative.
Lockheed would already reduce overhead substantially as part of an announced plan to sell or spin off an array of services businesses with revenue of $6 billion.
Lockheed this week confirmed plans to reduce 250 jobs at its Missiles and Fire Control division, on top of 500 lay-offs already announced for the Information Systems and Government Services division now under strategic review.
Lockheed and other U.S. arms makers have been consolidating facilities, laying off workers and streamlining operations in recent years to cut costs due to a downturn in U.S. military spending. Continued budget uncertainty is driving executives to dig deeper and look for more savings.
Northrop Grumman Corp this week said it would streamline its business sectors from four to three to better align with the U.S. Defense Department's changing needs.
Howard Rubel, defense analyst with Jefferies Group, said Lockheed also faced pressure from the Pentagon to offer price concessions in several billion-dollar contracts it is negotiating: a five-year contract for up to 83 C-130J transport planes, and two separate deals for about 160 F-35 fighter jets.
"They might as well use the impetus of (those contracts) to cut cost and offset the concessions they're being asked to make," he said.
Lockheed is also restructuring the Lockheed Martin International division it first set up in July 2013 to help the company win more international orders, according to three sources familiar with the matter.
Final decisions have not been made, but the business is being converted to a support function to make it work more efficiently, said one of the sources.

Sunday, 13 September 2015

Airbus Beluga XL transporter will be powered by $700m worth Rolls-Royce Trent 700

Airbus Beluga XL transporter will be powered by $700m worth Rolls-Royce Trent 700 Rolls-Royce has been selected by Airbus to provide Trent 700 engines and long-term TotalCare® engine service support, worth $700m for five new Beluga XL air transporter aircraft.
The aircraft will replace the current Airbus Beluga fleet, which is powered by engines from another provider.
The Beluga XL, based on the A330 design, was launched in November 2014 to address the A350 XWB ramp up and the transport capacity requirements for other programmes. Compared to the current Beluga, the Beluga XL will provide Airbus with an additional 30 per cent air transport capacity.
Bertrand George, Airbus Senior Vice-President, Head of Beluga XL programmes, said: "We look forward to the Trent 700 powering this important development in our air transport strategy. The engine has an excellent record on the A330 and is ideally suited to our requirements for this aircraft."
Simon Carlisle, Rolls-Royce, Executive Vice President, Strategy and Future Programmes – Civil Large Engines, said: "We welcome this decision to select an engine that is the clear market leader on the A330 and offers outstanding performance in terms of fuel burn, reliability, emissions and noise."
Source and image: Rolls-Royce

Etihad cargo increases freighter services to Africa

Etihad cargo increases freighter services to AfricaEtihad Cargo, the freight business of United Arab Emirates (UAE) flag carrier Etihad Airways, has increased its freighter services to Africa with the launch of a cargo only service from Abu Dhabi (AUH) to Maya Maya Airport, Brazzaville (BZV), in the Republic of Congo.
Operating twice weekly using a Boeing 777F freighter aircraft, the new service will fly from Abu Dhabi to Brazzaville via Lagos airport (LOS) in Nigeria. The freighter has a capacity of 100 metric tonnes and will transports tools, machinery, general cargo, electronics and project equipment.
Brazzaville is the Republic of Congo’s capital and largest city, and a key political, economic and transportation hub in Central Africa.
Kevin Knight, Chief Strategy and Planning Officer at Etihad Airways, said: “We are pleased to add the Republic of Congo to our growing network of cargo destinations. Our new freighter service will allow us to capitalise on trade between the Republic and the UAE, and better connect Africa with markets in Europe, the Middle East and Asia”
Etihad Cargo flies directly from Abu Dhabi to eight destinations in Africa, and this is extended to over 30 destinations across the continent through codeshare partnerships with Royal Air Maroc, Kenya Airways, South African Airways and Air Seychelles.
Etihad Cargo has consistently outperformed the global market during the last year with 17 per cent growth in freight tonne kilometres in 2014, over four times the industry average. Etihad Cargo is one of the largest cargo operators in the world and is continuing to forecast significant growth during 2015, driven by key initiatives to expand its capacity and scope, and to leverage equity and other partnerships.
Partnerships with other freighter operators, including Atlas Air and Avianca provide strong support to the main operation, and the division is continuing to explore opportunities for co-operation with like-minded cargo operators.

American Airlines will no longer transport animal 'trophies'

American Airlines will no longer transport animal 'trophies'American Airlines is putting some teeth behind its response to the recent uproar over travelers who have illegally killed big game in Africa.
Effective immediately, the airline "will no longer transport buffalo, elephant, leopard, lion or rhino trophies," the company announced in a tweet Monday.The policy change comes amid the public outcry following the illegal killing of Zimbabwe's beloved Cecil the lion at the hands of a Minnesota dentist.
Walter Palmer allegedly paid about $50,000 to hunt the animal after it was lured from a national park into an unprotected area.
He says he thought the hunt was legal and was unaware Cecil was protected, but the killing triggered a huge online backlash.
On Sunday wildlife officials in Zimbabwe accused a second American of illegally killing a lion near a game reserve.
Delta Airlines announced a similar policy change earlier Monday.Both American and Delta name specific animal trophies they will no longer permit, leaving the door open to hunting trophies from other animals from around the world.
Delta would not answer questions from journalists as to why it made its decision on Monday, nor would it detail how many hunting trophies it has transported in recent years.

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