Aircraft News - Europe.Oct 2, 2006 Airbus Airbus A350 XWB XWB Extra Wide Body (Airbus) entry-into-service date appears to be sliding 6-12 months owing to owing to prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de the ongoing A380 wiring difficulties. At the Farnborough Airshow, Airbus said the 314-seat A350-900 would be the first variant to enter service, in mid-2012. However, sources at Airbus said that "the program is likely to slip into 2013 because all the engineering talent is focused on the A380," echoing a previous statement by ILFC ILFC International Lease Finance Corporation ILFC International Lunar Finance Commission (TV show: Space: 1999) Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Steven Udvar-Hazy Sep 29, 2006 Airbus Airbus expected to streamline procurement in overhaul. European jetmaker Airbus is overhauling its operations as it faces problems with two of its jetliner programs. The company will reveal the results of an internal audit in the coming weeks. It is expected to streamline its procurement system. Sep 25, 2006 Airbus, EADS EADS European Aeronautic Defence and Space Company N.V. EADS Expeditionary Air Defense System (USMC) EADS Extended Air Defense Systems EADS Environmental Assessment Data System EADS Echelons Above Division Study EADS issued a short statement Friday saying the board would "continue this [A380] discussion in the near future." Airbus sources suggested to this website that the board did not endorse the extent of the restructure recommended by new Airbus CEO Christian Streiff Christian Streiff was the CEO of the aircraft manufacturer Airbus S.A.S., he was nominated to this position on 2nd July 2006. He was replaced by Louis Gallois on 9th October 2006. On October 9th, 2006, Mr. . Sources also said that the board "wanted to gauge reaction from airline customers" to the revised delivery timetable. Oct 2, 2006 Airbus, EADS EADS may consider shifting Airbus work to other countries. EADS board members are expected to meet today to discuss problems at Airbus and consider shifting more work to other countries. Also, European and U.S. aviation regulators say the strong wake from the Airbus A380 superjumbo jet will require permanent changes in air traffic control rules. Meanwhile, busy airports will have to juggle A380 landings and take-offs to keep smaller airliners clear of the A380's four engines, which at take-off generate as much thrust as 3,500 cars. Sep 29, 2006 ATR ATR Achilles tendon reflex, see Ankle reflex , Naysa ATR confirmed the sale of four new ATR 72-500s that will be operated by Canary Islands-based Naysa. Total value of the contract is about $71 million. Deliveries are scheduled for 2008 and 2009. "With this sale, ATR has logged 56 sales since the beginning of the year; 2006 is confirming the strong market for turboprop turboprop: see turbine. turboprop Hybrid engine that provides jet thrust and also drives a propeller. It is similar to the turbojet except that an added turbine, behind the combustion chamber, works through a shaft and speed-reducing gears to turn a aircraft," CEO Filippo Bagnato commented. Naysa currently operates Beech 1900s. Sep 29, 2006 Avion Group Avion Group reported a $69 million net loss for the nine months ended July 31 and warned of a "difficult" fiscal fourth quarter, forcing it to lower its forecast for its fiscal year ending Oct. 31. "The fourth quarter will be difficult because of challenging market conditions in the UK due to terrorist threats, delays and an unusually hot summer," the company said. "Additionally, currency changes will result in $10 million reduction in EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become than forecasted initially. The results for the fourth quarter and therefore the year in total are projected to fall short of EBITDA forecast of $165 million, as previously stated." Full-year EBITDA is now forecast to increase only slightly from $115 million in 2005 to $120-$125 million in the current year, while group revenue is forecast to increase from $1.4 billion to $2.1 billion. Sep 26, 2006 Avion Group Total revenues amounted to $1.39 billion in the nine months ended July 31 and total expenses reached $1.42 billion. Operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. was $24 million and pre-tax loss was $83 million. Avion changed its financial year end in 2005, distorting comparisons with last year. In the nine months to Sept. 30, 2005, it posted total revenue of $1.4 billion and operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. of $1.35 billion, leading to an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of $46.7 million. For this year's fiscal third quarter ended July 31, operating revenues were $676.4 million and operating profit was $19.6 million. Net profit stood at $2.8 million. Sep 26, 2006 British Airways, Boeing British Airways engine incident creates controversy. An engine manlfunction on a British Airways 747 last year continues to generate controversy over the role of economics versus safety, the Wall Street Journal's Scott McCartney writes. When one of four engines quit working when the London-bound plane took off from Los Angeles, the pilots decided to continue flying, and they traveled more than 5,000 miles before making an emergency landing. Air traffic control tapes reveal more details about the incident, and pilots and regulators continue to debate the decision, McCartney writes. Sep 25, 2006 Luxair, Snecma Services Luxair signed an exclusive nine-year time and material contract with Snecma Services for MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. of its six CFM56-7s. Sep 28, 2006 SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. Maintenance, Boeing SAS Maintenance Training will establish a new facility in Riga during the fourth quarter to perform training for 737 Classics and NGs for customers in the Baltics and Eastern Europe. Sep 27, 2006 Snecma Services, SkyEurope, Boeing Snecma Services will maintain CFM56-7 engines powering SkyEurope's fleet of 737NGs for a minimum of eight years under a contract that also includes provision of engineering services to the Central European LCC (Leadless Chip Carrier, Leaded Chip Carrier) See leadless chip carrier, CLCC and PLCC. 1. LCC - Language for Conversational Computing. Written at CMU in the 1960's. . Sep 28, 2006 SR Technics tech·nic n. 1. technics (used with a sing. or pl. verb) The theory, principles, or study of an art or a process. 2. technics (used with a pl. verb) Technical details, rules, or methods. 3. SR Technics will provide component management services to Air China covering the airline's A330s and A340s. SRT (1) (Source Routing Transparent) An IEEE-standard that provides bridging between Ethernet and Token Ring networks. Ethernet LANs use transparent bridging, and Token Ring LANs use source route bridging (SRB). will provide component maintenance as well as access to its consignment stock in Taipei and its main stock in Zurich under the six-year, $17.5 million agreement. Sep 28, 2006 SR Technics SR Technics announced that Tim Talaat, executive VP-Integrated Airline Solutions and Integrated Engine Solutions and CEO of SR Technics Switzerland, will leave the company Dec. 31 to pursue other opportunities "in conjunction with a planned reorganization at Group Level." SRT said the reorganization, details of which will be announced next month, is unrelated to the ongoing sale of the company to a consortium of UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. investors announced earlier this month. Sep 26, 2006 Teledyne, Neos, Boeing Teledyne received an order from Neos of Italy for AirFASE, the flight data monitoring software developed jointly with Airbus, which the airline will use to monitor its fleet of 737NGs and 767-300ERs. Sep 25, 2006 Volvo Aero Services, Emirates Volvo Aero Services last week entered into a five-year agreement with Emirates to become the exclusive distributor of surplus spare parts for the carrier and will open a spare parts distribution center in Dubai to support the contract. Volvo Aero Services President Claes Malmros said the deal "strengthens our portfolio" in the aviation market and "provides a strategic platform" for growth in the Middle East. Financial terms of the contract were not disclosed. Sep 25, 2006 Volvo Aero Services, Pratt & Whitney Volvo Aero said it will join Pratt & Whitney "to demonstrate new technology" for Pratt's Geared Turbofan Technology demonstrator program. Volvo Aero said the partnership "does not involve any agreement regarding a new engine program, but the new cooperation is still an important step toward a new engine undertaking for Volvo Aero." Sep 29, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Sep 25, 2006 |
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