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December 19, 2012

IATA Revises Airline Performance Forecast Upwards For 2012

Industry Net Margin Expected To Reach 1.3 Percent Next Year

The International Air Transport Association (IATA) has released an upward revision to its industry financial outlook. For 2012 airlines are expected to return a profit of $6.7 billion (up from the $4.1 billion forecast in October). This is expected to improve slightly to $8.4 billion in 2013 (marginally better than the $7.5 billion forecast in October). Industry net post-tax margin, however, will remain weak at 1.0% in 2012 and 1.3% in 2013.

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Pinnacle Airlines, ALPA Reach Tentative Agreement

Moves Airline Closer To Successful Restructuring In Chapter 11

Pinnacle Airlines has reached a tentative agreement with the Air Line Pilots Association (ALPA), the legal representative of the Pinnacle Airlines pilot group on cost reductions that cover pay, retirement, work rules and benefits, the two sides announced Monday.

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Boeing, Embraer Collaborate On Runway Safety

Runway Situation Awareness Tools Will Provide New Procedures, Training And Technology To Reduce Runway Excursions

Boeing and Embraer S.A. have rolled out a program in which they will work together to provide customers with a shared set of tools, called Runway Situation Awareness Tools, to reduce runway excursions. This further strengthens the collaboration between two of the world's largest aerospace companies.

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Pegasus Orders Up To 100 A320neo Family Aircraft

Second Largest neo Order From A European Airline

Pegasus Airlines, the second largest airline in Turkey, says it plans to acquire up to 100 A320neo Family aircraft (58 A320neo and 17 A321neo models), of which 75 are firm orders. Pegasus becomes a new Airbus customer and the first Turkish airline to order the A320neo.

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GE Near Deal To Acquire Avio

Italian Company Supplies Components For Commercial And Military Jet Engines

GE is reportedly set to announce a deal to acquire Avio SpA, an Italian aerospace company that provides components for military and commercial jet engines, as well as satellite propulsion systems.

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Indra Implements Its 2nd Airbus A320 Level D Simulator In China

The System Delivered To Beijing Capital Airlines Has Been Certified By The Civil Aviation Administration Of China (CAAC)

A second Airbus A320 Full Flight Simulator (FSS) has been delivered to Beijing by Indra, which says it has also become the first company to commission and implement a helicopter simulator on Chinese territory, with the collaboration of Eurocopter.

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Puget Sound Town Will Appeal FAA's Paine Field Decision

Mukilteo City Council Votes To Fight Commercial Flights At The Airport

The Mukilteo, WA, City Council plans to appeal a decision by the FAA to allow commercial flights to operate to and from Paine Field in Everett, WA. The council voted Monday night to file an appeal in Federal Court.

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FAA Plans To Continue To Exclude Cargo Pilots From Latest Duty Rest Rules

Cites Cost Of Compliance As Primary Reason

The FAA has published in the Federal Register a flight crewmember duty and rest requirements docket that continues to exclude cargo pilots from its more stringent crew rest rules imposed on pilots on airplanes carrying passengers.

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FAA Issues Emergency AD For A320 Family Airplanes

Move Related To EASA Emergency AD For Angle Of Attack Sensors

The FAA has issued an Emergency AD (2012-26-51) for all Airbus Model A318, A319, A320, and A321 series airplanes. The AD was prompted by a report indicating that an airplane equipped with Angle of Attack (AoA) sensors (with conic plates installed) recently experienced blockage of all sensors during climb.

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Rolls-Royce Signs $1 Billion Trent 900 Contract With Skymark Airlines

Also Inks Trent 700 Letter Of Intent With The Japanese Carrier

Rolls-Royce has signed a $1 billion contract, at list prices, from Japan's Skymark Airlines for Trent 900 engines to power six Airbus A380 aircraft. The Trent 900 order, which follows the announcement of a letter of intent for these engines in September 2011, includes long-term TotalCare service support. The aircraft will enter into service in 2014.

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