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ISSN 1718-7966 JULY 31, 2006 / VOL. 57 AviTrader WEEKLY AVIATION HEADLINES Read by thousands of aviation executives and technical decision makers every week www.avitrader.com MTU MAINTENANCE WINS $300 MILLION AIR WISCONSIN ENGINE MRO DEAL MTU Maintenance Berlin-Brandenburg of Germany logged the largest CF34 repair contract in its history. Air Wisconsin Airlines Corporation will send all of its CF34-3B1 engines powering a fleet of 70 twin-engine Bombardier CRJ200 re- gional jets to MTU for repair and overhaul. The ten-year contract is valued at $300 million. Bernd Kessler, President and CEO, commercial maintenance at MTU Aero Engines, said "We're very excited about this long-term relationship. In Air Wisconsin, we added to our customer list a very successful airline that will have nothing less than our all-out support. We'll be happy to contrib- ute to the airline's future success. This contract assures our status as one of the leading CF34 maintenance providers." CF34 family engines are among the best-selling in their class. MTU Maintenance Berlin- Brandenburg provides service support not only for the -3B1 variant, but also for all other popular versions of the General Electric engine. In the Berlin shop's engine portfolio, the CF34 is evolving into the single most important program. MTU expects that this key contract with Air Wisconsin will have a ripple effect among further potential customers. Bernd Kessler Air Wisconsin, headquartered in Appleton, Wisconsin, was founded in 1965 and is the larg- Image: MTU est independently held regional airline in the United States. The airline operates nearly 500 COVER PAGE & COVER STORIES regional jet daily departures and carries over six million passengers annually for US Airways operating as US Airways Express, with service to 70 cities in the U.S. and Canada. MTU Maintenance Berlin-Brandenburg is an affiliate of MTU Aero Engines. The company focuses on the mainte- nance of small and mid-size aircraft engines and on industrial gas turbines. It also does the final assembly of most low-pressure turbines manufactured by MTU. The company plays a very special role in the TP400-D6 pro- gram, the engine to power the Airbus A400M Military Airlifter. Ludwigsfelde has Europe's only production test cell to conduct TP400-D6 development and acceptance test runs. Final assembly of the European TP400-D6 pro- duction engines, too, will be performed exclusively at this MTU affiliate. Expert Corner (see Page 5) NEW INDIAN LCC ONGOING CHALLENGE: TAKES DELIVERY OF EFFECTIVE ASSET MANAGEMENT FIRST AIRBUS By Mark Calver Chief Operating Officer IndiGo, the new low-fare Relaer Asia, Singapore carrier headquartered in Place your company logo New Delhi, India took de- on page #1 for just $135/ livery of its first A320 fam- week. Call +1(604) 448- 0970 for details. COMING SOON AT WWW.AVITRADER.COM ily aircraft, on July 28th, BLOGGS FOR THE AVIATION PROFESSIONAL 2006, becoming the latest Airbus operator. Indigo OTHER NEWS ordered 100 A320 family NORTHWEST AND STRIKING MECHANICS RE- Boeing delivers 2,000th Next aircraft in June 2005. In- Generation 737 SUME CONTRACT NEGOTIATIONS digo will receive five more (Page 2) AMFA, the union which represents striking mechan- aircraft this year, followed Pratt & Whitney logs $1.5 ics at Northwest Airlines, confirmed that Northwest by more in 2007. The air- billion commercial orders Airlines and AMFA have agreed to resume contract line will receive the deliv- (Page 4) bargaining. A bargaining session is scheduled for ery of all 100 A320 family Boeing posts Q2 loss August 15, 2006. Neither side has attached any pre- aircraft by 2016. (Page 8) conditions. The parties have not met in contract bar- Bruce Ashby, CEO, In- gaining since November 2005. AMFA has been on diGo stated “IndiGo is strike since August 20, 2005, when the company PUBLISHER built for people with things imposed a contract. A spokesperson for AMFA's Peter Jorssen to do, places to be and ARYX Business Solutions Inc. Bargaining Committee, said: "Our goal remains to people to see, who don’t 9500 Aquila Road obtain a consensual agreement. We welcome the Richmond, BC want to waste time, resumption of face-to-face discussions. The timing is Canada V7A 3P9 money or energy in the appropriate because, as of July, we are now the last Phone: +1 (604) 448-0970 process.” firstname.lastname@example.org labor group with an unsettled contract. AviTrader WEEKLY AVIATION HEADLINES 2 COMMERCIAL AIRCRAFT & ENGINE Republic Airlines orders more Em- 200 series engines which allows the Boeing delivers 2,000th NG737 braer 175s Stage 4 Jet Nozzle modification to be Boeing delivered the 2,000th Next- used on the 727’s. Marketed as the Embraer has reached an agreement Generation 737 nearly seven years SUPERQ727-4, the Comtran modifi- for the sale of 30 firm EMBRAER sooner than any other commercial jet cation will also include the Quiet 175 aircraft to Republic Airlines Inc. airplane model. The milestone deliv- Wing modification for the 727 to fur- This brings to 78 firm and 75 options ery, a 737-700 to Southwest Airlines, ther enhance the performance and the total number of E-Jets on order occurred nearly nine years after value of the modified aircraft. Doug- for Republic. These aircraft were Southwest received the first Next- las Jaffe, CEO of Comtran Limited originally options under the amended Generation 737. The Next- Genera- expects to certify both low-weight and reinstated Embraer / US Airways tion 737 airplane family, which in- and high-weight versions of the purchase agreement. With the con- cludes the 737-600, -700, -800, -900 modification and anticipates that the sent of Embraer, US Airways has and the new -900ER and -700ER, upgrade to compliance with Stage 4/ transferred to Republic its right to continues to be the company's best- Chapter 4 regulations will stimulate purchase these aircraft. This recent selling airplane model. significant interest in the modified announcement does not affect the 25 aircraft. firm EMBRAER 190 aircraft and the 32 additional EMBRAER 190s, sub- Boeing forecasts 3,000 freighters ject to reconfirmation, in US Airways’ to be added to world freighter fleet order book. Boeing expects that the global air Winglets for MD80 cargo market will continue its growth Comtran Limited and Jet Engineering patterns of the past few years, with Limited, developers of the Stage 4 strong 20-year growth, according to Jet Nozzle for MD80 aircraft, have the manufacturers Current Market announced that a development pro- Outlook (CMO) 2006. This pattern gram is underway to retrofit the will lead to a doubling of the world MD80s with winglets. Based on a freighter fleet from 1,789 to 3,563 Image: Boeing blended winglet design, the concep- airplanes, both numbers slightly up Earlier this year, the current airplane tual design work is complete and from the previous forecast. This family eclipsed order totals for Clas- prototype winglets have been dis- growth, accounting for expected air- sic 737s. As of June 30, 2006, 97 played on Comtran’s Stage 4/ plane retirements of 1,209 airplanes, customers have placed orders for Chapter 4 compliant MD80 in Farn- will result in a total of 2,983 airplanes more than 3,300 airplanes. The pro- borough. added to the freighter fleet by 2025, gram has 1,365 unfilled orders with a according to the annual CMO, which value of $91 billion at current list Comtran develops quite 727 was released earlier this month prior prices. So far this year, the Next- to the Farnborough Air Show. Most Comtran Limited, the company be- Generation 737 has won net orders of these additions - nearly 62% - will hind the development of the Stage 4/ for 399 airplanes. The order total be in the widebody category Chapter 4 compliant Jet Nozzle for represents 78% in units of all Boeing (medium widebody plus large freight- the MD80 series of aircraft, has ex- commercial airplane orders for the ers). Widebody freighters with a ca- tended the application of that modifi- year. pacity of 40 tons or more will in- cation to the Boeing 727. The 727 crease in share from 50% of the cur- modification initially will be applicable DHL / ABX Air to remove twenty- rent fleet to 64% of the 2025 fleet. to the more than 80 Super 27 Stage one aircraft from fleet Consequently, there will be an in- 3 aircraft that have been modified crease in overall average freighter ABX Air has been notified by its larg- under the program developed by airplane payload. These findings are est customer, DHL, that 21 ABX air- Valsan. That modification replaced consistent with prior years' forecasts. craft (11 DC-9s and 10 DC-8s) will the 727’s outer engines with JT8D- click here to download complete forecast JULY 31, 2006 / VOL. 57 AviTrader WEEKLY AVIATION HEADLINES 3 be released from dedicated service for DHL effective in August 2006. ABX Air had reported in November 2004 that DHL intended to remove 26 (16 DC-9s and 10 DC-8s) of the aircraft that ABX Air operates on DHL's behalf by the end of 2005 un- der terms of their aircraft, crew, maintenance and insurance agree- ment ("ACMI agreement"), some of setting the loss of depreciation cash reduction in parts count, the PW610F which would be replaced by newer, flow generated by the 28 removed incorporates the latest technologies larger, and more fuel efficient Boeing aircraft. while offering optimum value to op- 767 aircraft. Seven aircraft (three erators. DC-9s and four DC-8s) have been Pratt & Whitney Canada receives removed from active service since certification for PW610F Boeing 737 design enhancements that November 2004 announcement. earn FAA certification Pratt & Whitney Canada has re- The planned August 2006 reduction ceived Transport Canada Type Certi- Boeing design enhancements that of 21 aircraft will bring to 28 the total fication for its new PW610F engine, increase the short-field performance number of aircraft released from ser- set to power the Eclipse 500 very of the Next-Generation 737 earned vice under the ACMI agreement light jet (VLJ). The PW610F engine, certification this week from the U.S. since November 2004. During the rated at 900 lbs. thrust is part of the Federal Aviation Administration fol- same period, ABX Air has added four P&WC's new PW600 engine family, lowing a successful four-month flight- Boeing 767 freighter aircraft into the which offers a step change in per- test program. European Aviation DHL network, with associated cash formance, cost and durability. De- Safety Agency certification is ex- flow from depreciation more than off- signed with an approximately 50% pected to follow soon. The 737 de- JULY 31, 2006 / VOL. 57 AviTrader WEEKLY AVIATION HEADLINES 4 sign enhancements allow operators we also saw great customer interest Place your company logo to fly increased payload in and out of in our Global Material Solutions busi- here for just $115/week. airports with runways less than 5,000 ness, our growing portfolio of engine Call +1(604) 448-0970 feet long. The design enhancements overhaul and line maintenance ser- for details. include a two-position tail skid that vice capabilities, and the Geared enables reduced approach speeds, Turbofan engine we’re developing for sealed leading-edge slats that pro- the next generation single-aisle air- vide increased lift during takeoff, and craft.” increased flight spoiler deflection on the ground that improves takeoff and First DayJet-equipped Eclipse 500 landing performance. The short-field VLJ lands at Oshkosh performance changes were devel- Honda begins sale process for the DayJet and Eclipse Aviation Corpo- new HondaJet oped starting in 2004. The flight-test ration unveiled the first Eclipse 500 program was conducted on a new very light jet (VLJ) to be utilized in Honda released plans to enter the 737-800 and began when the air- commercial fleet operations. Eclipse innovative HondaJet in the growing plane made its first flight on Jan. 24, 500 serial number two, built at the very light jet market, with the process 2006. Boeing will deliver the refur- Eclipse Aviation production facility in of accepting sales orders expected bished test airplane later this week to Albuquerque, New Mexico, made its to begin in the U.S. in fall 2006. To- the launch customer, Brazilian low- debut when it touched down at the ward this goal, Honda will establish a cost carrier GOL Linhas Aereas S.A. EAA's AirVenture 2006 in Oshkosh, new U.S. company to hold FAA type The jet is the first of 67 737-800s Wisconsin. The aircraft is the first of certification and production certifica- ordered by the carrier. To date 11 a new breed that will be used by tion. Honda's goal is to complete customers have ordered the short- DayJet to launch its innovative new type certification in about 3-4 years, field performance package for more "Per-Seat, On-Demand" jet service. followed by the start of production in than 250 airplanes. In addition to GOL, Alaska Airlines, Air Europe, Air the U.S. Honda also revealed plans TAM receives more A320s to form a business alliance with Piper India, Egyptair, GE Commercial Aviation Services (GECAS), Hapag- TAM has received another Airbus Aircraft, Inc. to collaborate on sales fly, Japan Airlines, Pegasus Airlines, aircraft A320. which will be the sev- and service, and to explore opportu- Sky Airlines and Turkish Airlines are enth Airbus A320 incorporated this nities in engineering and other areas among some of the operators that year into TAM's fleet, bringing the within general and business aviation. have ordered the design package. total to 88 aircraft, of which 66 are Honda and Piper will provide a new Airbus models -- 13 A319, 43 A320, level of sales and service to meet the Pratt & Whitney logs $1.5 billion in and 10 A330 (two are subleased but needs of jet customers with the goal Commercial Engine Sales at Farn- will be returned to the company this of setting a higher standard for the borough Airshow year). TAM expects its fleet to quality of the ownership experience. achieve a minimum of 96 airplanes No specific details regarding addi- Pratt & Whitney and its partner com- tional collaboration were announced. at the end of 2006. panies, International Aero Engines (IAE) and Engine Alliance (EA), an- nounced several new engine and service agreements last week at the Farnborough International Airshow outside London, England. The an- nouncements, which totaled nearly $2.5 billion, mean nearly $1.5 billion in new business for Pratt & Whitney Commercial Engines, including its share of the IAE and EA new cus- tomer agreements. Pratt & Whitney is a United Technologies Corp. (NYSE:UTX) company. “The Farn- borough International Airshow was a huge success for Pratt & Whitney’s Commercial Engines business,” said Steve Finger, Pratt & Whitney presi- dent. “The new business we an- nounced reflects our commitment to listen to our customers and to make dependable engines. In addition to the many exciting new engine deals, TAM Airbus over Rio de Janeiro Image: AirTeamImages JULY 31, 2006 / VOL. 57 AviTrader WEEKLY AVIATION HEADLINES 5 EXPERT CORNER ON GOING CHALLENGE: EFFECTIVE ASSET MANAGEMENT By Mark Calver Chief Operating Officer, Relaer Asia, Singapore The aircraft leasing business has grown substantially in ment programmes enable them to obtain the best utility the last twenty years. ILFC is credited with developing the and therefore return from their assets. Be warned though first aircraft operating lease arrangement having estab- effective asset management does not guarantee that the lished the lease of a DC8-51 with Aeromexico in 1973. aircraft will avoid being repossessed or, due to the cycli- Now, there are more than 50 true aircraft lessors and cal nature of the industry, unplaced at lease transition approximately 10 engine lessors. Somewhere in the re- time when the industry is in recession. However effective gion of 26% of today’s aircraft fleet of 18,500 aircraft is asset management does mean that the lessor is best provided through pure operating lease arrangements. placed to recover an asset from a weak operator and re- The future of the aircraft operating lease industry is one locate it with a new airline at minimum cost and downtime of growth; industry projections predict anywhere between exposure compared to its competitors. 17,300 and 27,500 new aircraft deliveries by 2025. It is anticipated that the combination of speculative orders from lessors combined with the increasing use of airline sale and leaseback transactions will lead to some 40% of the world’s fleet being owned by lessors. Lessons Learned In the early days of the operating lease industry, lessors did not focus too much on asset management tech- niques, essentially placing the aircraft with airlines that were left to look after the aircraft without recourse to rou- tine inspections and auditing by the owner. Lease agree- ments were simple documents with minimum technical, operational and return condition provisions; as long as the lessee was making its lease rental payments the air- line was essentially left alone until the time of redelivery. During the 1980s and early 1990s, the lease industry ma- tured and learned many lessons, these included: ◊ airworthiness certification in one jurisdiction did not nec- Considerations for an Effective essarily guarantee the issuance of a new airworthiness Asset Management Programme certificate in the next lessee’s jurisdiction; ◊ airline maintenance programme differences combined The purpose of an asset management programme is to with the variance in airworthiness certification require- achieve the best possible residual value of an aircraft at ments created the need for expensive bridging checks any point in the highs and lows of the aircraft ownership and modification inputs between leases; cycle. Ultimately this is achieved by understanding the ◊ accurate, well maintained aircraft historical records are product; the market it serves and the airlines operating key to maximizing asset value and utility; the aircraft combined with establishing management sys- ◊ airlines supposedly operate to the same or similar air- tems that monitor the use of the aircraft, maintain the worthiness requirements but the management systems best utility of the asset and obtain the best return from the they employ vary significantly this leads to extra cost lessee’s use of the aircraft. and lost rental due to extended down time during lease transitions; Lease Agreement—This document defines the contrac- ◊ the cyclical nature of the industry and the swings in sup- tual relationship between the lessee and lessor, today’s ply and demand provide for fierce competition to either leases are far more complex than the early versions sim- supply or source aircraft and associated large swings in ply because the industry has learned many lessons in- investment returns. cluding: Generally speaking lessors have learned the hard way, ◊ accurate documentation of delivery and redelivery obli- experience has taught them that effective asset manage- gations; JULY 31, 2006 / VOL. 57 AviTrader WEEKLY AVIATION HEADLINES Expert Corner 6 ◊ minimising jurisdiction risks, such as lessor’s rights of the issues may affect future utility or investor appeal are enforcement and aircraft recovery, eurocontrol and key basics for managing exposure to aircraft investments. other third party liens; This knowledge arms the asset manager with the ability ◊ insurance requirements including insured values and to determine the best acquisition and disposal strategies liability coverage; for particular classes of aircraft. ◊ airworthiness certification requirements including the impact of the airlines maintenance, modifications and Understand the Users—Knowing who the actual or po- repair activities; tential users of aircraft are will provide the asset manager ◊ importance of maintenance reserve or compensation with the best possible re-marketing strategy during payment collection and return conditions. scheduled or unplanned transitions. In addition knowing who the buyers and sellers of aircraft are will also assist The lease agreement is the primary document that the the asset manager with developing the best aircraft ac- lessor / asset manager can enforce and therefore any quisition or disposal strategies. aircraft inspections, lessee audits and lease management activity should always reference the lease agreement Lease Management—Apart from the routine lease rental provisions. payments, lease agreements include numerous provi- sions that require monitoring and some form of action by both parties. In addition the lessor cannot solely rely on the marketing officer’s relationship with the airline to achieve the best customer relationship and return from the asset under lease. It is inexcusable for the lessor not to accomplish its own responsibilities in a timely manner but it is advisable that the lessor also monitors the les- see’s compliance with its lease obligations. Issues that require monitoring, adjustment and follow up could in- clude: ◊ maintenance reserve billing and collection; ◊ routine maintenance reserve rate adjustments; ◊ major maintenance events subject to reserve collec- tions and reconciliation of assoicated claims; ◊ renewal of letters of credit, insurance and airworthiness certification; and ◊ the exercising of any options under the lease such as early termination rights. Understand the Aircraft—A good knowledge of the air- craft product, in particular understanding the specification Aircraft Inspections, Valuations and Utility Assess- issues that could improve the aircraft’s utility (i.e. make ment—The inspection of an aircraft either at the time of an aircraft more desirable to a new operator or buyer) initial purchase or subsequently whilst subject to operat- and the time lines and costs associated with effecting any ing lease arrangements will ensure that the asset man- changes are key to assessing aircraft value and estab- ager determines the specific condition of the aircraft and lishing effective lease transition planning. enables an accurate assessment of both aircraft value and utility to be completed. Apart from determining the With new aircraft this is obtained by establishing an effi- physical condition of the aircraft, any aircraft inspection cient base line specification for the aircraft, with used air- should include the full review of the following: craft this is determined by correctly inspecting the aircraft ◊ aircraft and historical records airworthiness status re- and its historical maintenance, repair and modification view and comparison with the requirements of other records. In addition the asset manager has to consider major jurisdictions. This will include an assessment of future airworthiness implications, not just mandatory re- the costs for accomplishing mandatory modifications or quirements such as Airworthiness Directives but also pe- rectifying records issues; culiar jurisdiction requirements that affect airworthiness ◊ aircraft modification status and comparison with the certification and therefore the timeliness of aircraft transi- typical requirements of other operators of the type, in- tions. In the case of used aircraft this applies to the physi- cluding an assessment of the costs for accomplishing cal condition of the aircraft as well as the aircraft’s histori- key modifications; cal records. ◊ determine the maintenance status of the aircraft includ- ing the projection of future major events and compare Understand the Market—Maintaining a working knowl- this to the sufficiency of maintenance reserve pay- edge of aircraft utility and availability along with monitor- ments; and ing the industry’s status with respect to the cyclicality of ◊ in the case of maintenance compensation leases the supply and demand all contributes to ensuring the best maintenance projections and maintenance compensa- aircraft asset management strategy. Knowing which air- tion payments should be modeled based upon the lease craft types are preferable investments and why as well as term and associated lease provisions. This data will JULY 31, 2006 / VOL. 57 AviTrader WEEKLY AVIATION HEADLINES Expert Corner 7 then be compared with known industry costs, future ery to the next operator, an effective asset management lease requirements and the credit risk of the airline. programme allows the lessor to plan ahead and budget for the costs of transition work. In addition during the re- Operator Audits and Associated Risk Assessment— marketing campaign the lessor has current information Prior to commencing lease arrangements with an airline and can accurately quantify the risks and exposures of and at regular intervals during the lease term the asset placing the aircraft with different customers. Effective as- manager should complete a structured audit of the airline set management is the foundation of efficient transition and its maintenance, engineering and spare parts sup- project management. port arrangements. An audit should specifically review the Flight Operations, Engineering, Maintenance and Component Management departments. The interaction Achieving Effective Asset Manage- between these groups at all levels and the effective man- agement of any subcontracted arrangements are key to ment understanding how the asset will be operated and main- tained by the airline. This audit activity should be part of People—As with most enterprises the asset manage- the initial lessor credit risk assessment and be competed ment organization is only going to be as good as the peo- simultaneously with the financial due diligence process. ple it employs. Whilst procedures can be written to pro- vide guidance to staff the end result can only be achieved The initial audit should contribute to the lessors lease through the use of experienced personnel who have the negotiation strategy and will support the consideration of requisite qualifications, industry knowledge and commer- requested changes to lease covenants. As with all audit cial acumen to support the provision of effective asset work, meaningful reports providing the results of the audit management. and recommended actions should be completed and pro- vided to the operator for action. Such findings should be An individual who wishes to pursue a career in an asset referenced to the respective lease agreement provisions management role would typically have a mixture of skill and should be retained for follow up at future audits and sets. These could be gained from the following primary any potential disputes. If a lessor / asset manager is ac- career experiences: complishing efficient auditing techniques the programme ◊ several years of “hands on” aircraft maintenance and should contribute to the airworthiness process at the air- inspection experience; line as well as quantifying the lessor’s risks under the ◊ an ICAO license qualification with time spent in a certifi- lease agreement. cation role; ◊ a period in an airline, MRO or manufacturer function; Aircraft Repossession Issues—Aircraft repossession or ◊ time spend in quality assurance. lease agreement restructuring is a fact of life in the airline In addition an asset manager needs effective written and industry. The prerequisite to such activity is usually some verbal communication skills, an understanding of how the form of continuing payment default by the lessee; al- technical issues affect the commercial basis of a lease though it is also possible for poor maintenance standards transaction and good customer service skills. or related airworthi- ness issues to be Management & Information Systems—Efficient IT en- acts of default. An ables the asset management organisation to focus on effective asset man- managing the aircraft and effectively administering the agement programme lease agreement provisions. This will generate the best will not only detect returns from the asset as up to date information is readily problems early but available from a single source repository whilst key lease can ensure that any dates, events or provisions are monitored for enforce- defaults do not ex- ment. A single source of information ensures that repeti- ceed the level of tion is avoided, labour intensive calculations are auto- security deposit and mated and historic data is available to support decision when any repossession action is undertaken a full recov- making. ery and remarketing plan is in place. Such a recovery plan can be accurately budgeted and will minimise the opportunity for the lessee or third party liens preventing Conclusion recovery. Efficient project management will maintain re- covery costs within budget and require the minimum The ultimate aim of an asset management programme is down time before relocation with a new operator. to maintain and wherever possible enhance the value of aircraft or engine assets under lease management ser- Aircraft Redelivery Issues—If an asset management vices. Given the prevailing market conditions at the time programme has been in place during the lease term the of lease transition or aircraft disposal, effective asset condition of the aircraft and the ability of the lessee to management will contribute to the best possible utility, comply with the lease agreement provisions will be lease rental or sale price of the asset. known. Whilst aircraft return conditions provide the mini- mum condition for both redelivery and subsequent deliv- JULY 31, 2006 / VOL. 57 AviTrader WEEKLY AVIATION HEADLINES 8 MRO & PRODUCTION ordination centers, strategically lo- Airbus aircraft experience. Since its cated in Zurich, Switzerland, Hong launch in March 2005, Airbus has Kong, China, and Teterboro, New worked with the MRO Network mem- Jersey. bers to establish performance bench- EADS Barfield signs ATR contract marks for maintenance efficiency New Logistics Centre for Monarch and customer satisfaction. MRO im- EADS Barfield has started new main- Aircraft Engineering provement plans based on the per- tenance contract work on the test, formance benchmarking are cur- repair and overhaul of a large variety Monarch Aircraft Engineering Ltd rently underway which will result in of avionics, instruments and me- (MAEL) has confirmed an investment enhanced services for Airbus cus- chanical components for ATR 42 and into a multi-million dollar Logistics tomers. ATR 72 regional airliners in service Centre at its London Luton operation. worldwide. This activity - covered by The new facility will bring together Liebherr chosen by Boeing as a three-year contract signed with the buyers, inspectors, stores and logis- supplier for 747-8 environmental Toulouse, France-based ATR aircraft tics experts as well as spares stock control system manufacturer - reinforces EADS into a single building, streamlining Barfield's existing commitment to the MAEL’s aircraft spares logistics op- Liebherr-Aerospace Toulouse SAS, ATR 42 and ATR 72 aircraft operat- erations. The first phase of the pro- a member of the Switzerland-based ing in North, South and Central ject will be completed during the third Liebherr Group, and the Boeing America, allowing the company to quarter of 2006. Company signed a memorandum of support components for the ATR understanding to supply the environ- customer base on a global scale. GAMECO becomes 15th member mental control system for the new of Airbus MRO network 747-8 airplane. Liebherr's environ- ZOOM Airlines selects KLM Engi- GAMECO, a joint venture between mental control system will use out- neering & Maintenance China Southern Airlines Co. Ltd. and side air supplied by the 747-8's Gen- ZOOM Airlines and KLM Engineering Hutchison Whampoa from Hong eral Electric GEnx engines to supply & Maintenance (KLM E&M) have Kong, has joined the Airbus MRO the cabin. The system will condition signed a five years exclusive con- Network as 15th member. With its the air, making it comfortable for pas- tract for C-checks on the 767 fleet of large maintenance facilities at sengers and crew. Liebherr will de- ZOOM Airlines. The Canadian airline Guangzhou Baiyun International Air- sign and manufacture the environ- has four 767’s and will expand their port, GAMECO provides aircraft mental control system at its facility in fleet to six 767’s in the coming year. maintenance, component repair and Toulouse, France. Group members The estimated value of the contract painting facilities for its Chinese and Liebherr-Aerospace Lindenberg is 5 million euros. The maintenance International customers. The Airbus GmbH and Liebherr-Elektronik activities will be performed at the MRO Network is designed to provide GmbH also will participate in this KLM E&M maintenance facilities at customers with a worldwide choice of project. Boeing expects the first Schiphol. KLM has already per- competitive, quality maintenance hardware deliveries to begin late formed service for the last year on services from MRO providers with 2008. ZOOM’s CF6-80C2 engines. Jet Aviation adds new aircrafts to CURRENT AIRBUS MRO NETWORK MEMBERS managed fleet Jet Aviation's U.S. aircraft manage- Air Canada Technical Services ment division recently added a vari- Air France Industries ety of business jets to its growing management fleet. New long-term Air New Zealand Engineering Services agreements were signed with various EADS SOGERMA Services U.S. based companies for a total of Guangzhou Aircraft Maintenance Engineering Company ten new aircraft. New additions in the Hong Kong Aircraft Engineering Company U.S. include: a Falcon 900EX, a Ci- Iberia Maintenance tation III, a Citation V, a Gulfstream III, a Gulfstream V, a Gulfstream Lufthansa Technik AG IVSP, a Challenger 300, a Global Sabena Technics Express, a Challenger 601, and two SIA Engineering Company Hawker 800s. Jet Aviation supports Singapore Technologies Aerospace corporate and individual aircraft own- SR Technics Switzerland ers and operators with turnkey man- agement solutions. The company TACA Aeroman also operates three 24-hour interna- TAP Maintenance & Engineering tional planning and reservations co- TIMCO Aviation Services JULY 31, 2006 / VOL. 57 AviTrader WEEKLY AVIATION HEADLINES 9 FINANCIAL NEWS Farnborough Airshow. Airbus intends union members, the new agreement the A350 XWB aircraft family to be should be effective on November 1, the benchmark in the medium capac- 2006. Details of the agreement will Boeing posts net loss for second ity long range wide-body segment. not be released until the agreement quarter 2006 The new product specification is is ratified. complete and Airbus is currently de- Boeing reported a second-quarter tailing the milestones for the devel- Forward Air’s revenues up net loss of $160 million on revenues opment and manufacturing phases. of $15.0 billion. The loss includes the Forward Air Corporation reported A decision on the launch of the A350 previously announced charges for that operating revenue for the quar- XWB industrial programme is ex- the global settlement with the U.S. ter ended June 30, 2006 increased pected for October 2006. The deliv- Department of Justice and a reach- 12.0% to a record $86.8 million from ery schedule will remain for entry into forward loss provision on the interna- $77.5 million for the same quarter in service in mid 2012. tional Airborne Early Warning& Con- 2005. Income from operations was trol program. Because of the charges $19.8 million, compared with $16.8 British Airways reaches agree- Boeing reduced its 2006 earnings million in the prior-year quarter, an ment with union to implement per share guidance to between $2.40 increase of 17.7%. As a percent of £13.2 million annual savings and $2.55. For the year 2007, Boe- operating revenue, income from op- ing raised its earning per share guid- British Airways and trade unions rep- erations improved to 22.8% from ance by 15% to between $4.25 and resenting the airline's 1,800 Gatwick- 21.7% for the same quarter last year. $4.45. For the first half of 2006 Boe- based cabin crew have reached Net income during the period in- ing Commercial Airplanes’ (BCA) agreement on work practice changes creased by $1.1 million, or 8.9%, to revenues increased by 26% to $14.2 that will save the airline £13.2 million $13.0 million from $12.0 million in the billion. The commercial airplane divi- a year. The new arrangements, en- prior-year quarter. sion’s operating earnings grew 65% dorsed by staff in union ballots, were to $1.4 billion and margins expanded announced at British Airways' annual ExcelTech reports FY2006 loss to 10.0%. general meeting in London on Mon- day July 24th. The agreement with ExelTech Aerospace released its EADS reports 1 billion euro net the Transport and General Workers financial results for the fiscal year income for the first half of 2006 Union and Amicus brings together ended March 31, 2006, posting a the two previously separate cabin EADS’ revenues increased in the loss but also a 15% increase in reve- crew operations for longhaul and first half of 2006 to € 19.0 billion from nues. The Company reported reve- shorthaul. About 1,000 crew are em- € 16.0 billion in the first half of 2005. nues of C$32.4 million for fiscal 2006 ployed on longhaul services from The European company reported a compared to C$28.2 million in fiscal Gatwick and 800 on shorthaul. From net income of € 1,043 million from € 2005, a 15% increase. It also re- October, a single cabin crew force 992 million in the first half of 2005. ported an operating loss (earnings will operate all Gatwick flights. The Airbus was again the main contribu- before amortization, financial ex- deal provides for significant gains in tor to the groups revenues and profit. penses, bad debt expenses, write productivity and staff flexibility and EADS said that the current opera- down of intangible assets and in- reductions in employee costs. tional priority for Airbus is the stabili- come taxes) of C$2.0 million, com- zation of the A380 programme. De- pared to operating earnings of C$1.5 SWISS reaches tentative agree- tailed reviews of the A380 pro- million in the earlier period. The net ment with pilots gramme are currently being imple- loss for fiscal 2006 is C$2.8 million, mented by EADS and Airbus man- SWISS and its pilot union agreed on compared to a net loss of C$1.7 mil- agement. The revised A380 delivery the basic content of a new collective lion in fiscal 2005. In 2004, the Com- schedule which was announced by agreement following long and highly pany made the strategic decision to EADS and Airbus on 13 June re- intensive negotiations. In the proc- expand into the Bombardier CRJ sulted from manufacturing issues ess, both parties have now found a regional jet segment of the market, such as the definition, manufacturing common basis which should help building on its already dominant posi- and installation of electrical systems ensure the company’s further growth. tion as a provider of turboprop MRO and harnesses. Just recently, Singa- The new agreement addresses services to regional airlines in North pore Airlines confirmed its strong SWISS’s ongoing corporate restruc- America. As a result, in February commitment to the A380 and an- turing and the intensified competitive 2005, the Company expanded ca- nounced its intention to enlarge its environment, and will strengthen the pacity by almost 60% by acquiring an existing order by another nine aircraft company’s foundation for achieving additional aircraft maintenance han- plus six new options. The Airbus sustainable growth. The new terms gar in Quebec City. However, this management has now finalized the and conditions of employment for was followed in March 2005 by the design of the A350 XWB and pre- SWISS’s Airbus pilot corps will now loss of a major customer that, at the sented this new aircraft family as well be devised in detail by the end of time, represented about 28% of the as a first order commitment at the August. Subject to its approval by Company’s business. JULY 31, 2006 / VOL. 57 AviTrader WEEKLY AVIATION HEADLINES 10 Place your company logo $8.7 million was $6.3 million lower plier of components and integrated here. Call +1(604) 448-0970 than interest expense recorded in the systems to supply oxygen systems for details. same period in the prior year, result- for both civil and military aircraft. In ing from the retirement in January the civil market, Draeger has well- 2006 of all of B/E's $250 million of established strengths in both chemi- senior subordinated notes due 2008. cal and gaseous oxygen systems. Alaska Air Group’s profit up Draeger, like B/E, is well-positioned BA sells stake in WNS on both Airbus and Boeing aircraft. In Alaska Air Group reported second the military market, Draeger is the quarter net income of $55.5 million As part of an initial public offering by prime contractor for oxygen systems compared to $17.4 million in the sec- WNS (HOLDINGS) Ltd on the New for the Eurofighter Typhoon, as well ond quarter of 2005. The 2006 re- York Stock Exchange, British Air- as providing maintenance and repair sults include a restructuring charge ways sold its 14.6 per cent share- services for the German air force's of $3.8 million ($2.4 million after tax) holding in the company, an India in-service oxygen systems. resulting from an offer of voluntary based business services company, severance to Alaska's flight atten- for net $96 million. The airline will MTU raises profit forecast dants as part of the recently ratified report a gain on disposal of approxi- contract. Both periods include mark- mately £48 million in Q2 and the pro- MTU Aero Engines Holding AG re- to-market fuel hedge accounting ceeds will be used to repay existing ported in the first half year of 2006 gains and losses, and the second gross debt which at March 31, 2006 continued growth. Sales rose 12% to quarter of 2005 includes restructur- amounted to £4.1 billion. €1,148.5 million from €1,025.7 mil- ing charges that also impact the lion, the growth again being driven comparability of the periods. Lockheed Martin profit up mostly by commercial maintenance, repair and overhaul (MRO). The Lockheed Martin Corporation re- JetBlue returns to positive result company posted an EBITDA of € ported second quarter 2006 net 142.1 million compared to €102.3 JetBlue reported that operating reve- earnings of $580 million compared to million in the previous year. The nues for the quarter totaled $612 $461 million in 2005. Net sales were profit surge was especially apparent million, representing growth of 42.4% $10.0 billion, a 7% increase over in adjusted net income, which MTU over operating revenues of $429 mil- second quarter 2005 sales of $9.3 in the first six months of the year lion in the second quarter of 2005. billion. Cash from operations for the more than tripled, from € 17.5 million Operating income in the quarter was second quarter of 2006 was $1.6 in the first half-year 2005 to € 55.4 $47 million, resulting in a 7.7% oper- billion. Net sales for the first six million. "We successfully continued ating margin, compared to operating months of 2006 were $19.2 billion, on our profitable growth track. Both income of $40 million and a 9.4% an 8% increase over the $17.8 billion our OEM business and commercial operating margin in the second quar- recorded in the comparable 2005 MRO recorded EBITDA margins of ter of 2005. Net income for the quar- period. Net earnings for the six appreciably above 10% of sales. ter was $14 million compared with months ended June 30, 2006 were These figures permit us to raise our second quarter 2005 net income of $1.2 billion compared to $830 million forecast for the current year," ex- $13 million. in 2005. Cash from operations for plained MTU CEO Udo Stark. "For the first half of 2006 was $2.8 billion. the full year of 2006, we expect B/E Aerospace profit up by 47% EBITDA to improve to €290 million. B/E Aerospace acquires German B/E Aerospace reported for the sec- So far, the EBITDA forecast had Draeger Aerospace ond quarter of 2006 consolidated been €270 million." sales of $271.5 million increased B/E Aerospace has acquired Drae- $63.9 million or 30.8 percent over the ger Aerospace GmbH (Draeger), Woodward Governor board ap- second quarter of 2005. Operating from Cobham PLC of Dorset, Eng- proves stock repurchase program earnings for the second quarter of land for approximately $80 million. Woodward Governor Company re- 2006 of $35.3 million increased by The acquisition which is an all cash leased that its Board of Directors $11.2 million or 46.5 percent as com- purchase will be funded with cash on authorized a new stock repurchase pared to the same period last year. hand. The transaction is expected to program of $50,000,000. This new The second quarter operating margin be modestly accretive to earnings authorization replaced the program of 13.0 percent expanded by 140 per share in 2007, the first full year previously approved by the Board in basis points. The substantial in- following the acquisition, and signifi- January 2005 under which less than crease in operating earnings was cantly accretive in 2008 and beyond $10,000,000 remained. Under the driven by continued revenue and due to strong manufacturing, re- stock repurchase authorizations, earnings growth as well as margin search and development, sales and shares may be purchased periodi- expansion in each of B/E's Commer- logistics synergies between the two cally both in open market and private cial Aircraft, Distribution and Busi- organizations. With over 100 years of transactions during the three-year ness Jet segments. Interest expense experience in the oxygen delivery period ending July 2009. Shares of for the second quarter of 2006 of business, Draeger is a leading sup- JULY 31, 2006 / VOL. 57 AviTrader WEEKLY AVIATION HEADLINES 11 purchased stock will be held in treas- seat regional jets from US Airways to were the following items before the ury and used to satisfy company obli- Delta Air Lines and United Airlines. effect of income taxes: a charge of gations in connection with employee $3.3 million relating to three leased stock options or for other purposes Lufthansa lifts operating profit Boeing 737-300 aircraft the company the Board advises in compliance with ceased using during the quarter and Lufthansa reported higher profits for applicable law. a non-cash mark to market derivative the first six months of 2006. The loss on fuel hedges of $1.0 million. Group lifted operating profits by 44 Woodward Governor reports de- million euros to 297 million euros. clining profit Midwest revenues up by 34% Net profit for the term rose against Woodward Governor released that the break-even result in the first half Midwest Air Group reported second net sales for the fiscal third quarter 2005 to 85 million euros. In the first quarter results for its Midwest Air- were $217 million up 3% from $210 six months of 2006, the Lufthansa lines and Skyway Airlines (dba Mid- million for the third quarter last year. Group generated revenues totaling west Connect) operations. Earnings before income taxes for the 9.6 billion euros, a year-on-year in- Comparing second quarter 2006 to quarter were $21.6 million compared crease of 14.2%. Operating ex- second quarter 2005, operating reve- with $25.5 million for the same quar- penses rose by 12.5% to 9.9 billion nue increased 34.4% to $176.9 mil- ter a year ago. euros but the increase remained be- lion. Operating income improved to low the growth in revenues. Luf- $7.5 million from an $8.2 million loss AirNet Systems sells unit thansa posted a first-half operating in the second quarter of 2005, while profit of 297 million euros, an in- net income improved to $8.8 million AirNet Systems has entered into a crease of 44 million euros on the from an $8.2 million loss. definitive agreement with Pinnacle year-earlier level. An improvement of Air, LLC to sell its passenger charter 100 million euros in the financial re- US Airways Group posts profit business, including the aircraft and sult lifted the Group’s net profit to 85 substantially all of the aircraft-related The new US Airways Group reported million euros. assets of Jetride, Inc., a wholly- a second quarter 2006 profit of $305 owned subsidiary, for $41 million in million compared to a net loss of $3 Swiss reports profit cash. The transaction is subject to million for the same period last year. standard closing contingencies and Swiss International Air Lines gener- Results for the new US Airways the receipt of requisite assurances ated earnings before interest and Group's second quarter 2006 are from the FAA with respect to the pro- taxes (EBIT) of CHF 98 million for being compared to America West's posed ownership change, and is ex- the first half of 2006. The company standalone results for second quarter pected to close during the third quar- reported a negative EBIT of CHF 9 2005 due to the former US Airways ter 2006. million for the same period last year. Group and America West Holdings The consolidated net result for the Corporation merger on Sept. 27, Mesa Air Group’s result effected first six months also showed a year- 2005. US Airways Group's second by aircraft transition on-year improvement, rising from the quarter 2006 results include $35 mil- CHF 89 million net loss of 2005 to a lion of merger-related transition ex- Mesa Air Group reported third quar- net profit of CHF 76 million for the penses, which were offset in part by ter operating revenues of $339.0 current year. a $7 million gain from interest in- million. Total operating revenues for come earned on certain prior year the third quarter of 2006 increased Frontier reports small profit federal income tax refunds and an $40.5 million, or 13.6%. Net income $18 million unrealized gain related to for the third quarter was $10.9 mil- Frontier Airlines Holdings reported the airline's fuel hedges. lion, as compared to net income of net income of $4.0 million for the $17.1 million for the same period of airline's fiscal first quarter ended Raytheon revenues up by 8% fiscal 2005. Mesa said that more June 30, 2006 compared to a net than $7.8 million in additional ex- loss of $2.7 million for the same pe- Raytheon Aircraft Company (RAC) penses and $2.4 in reduced revenue riod last year. Included in the net loss had second quarter 2006 net sales of were due to the transition of 59 50- for the quarter ended June 30, 2005 $745 million, up 8% compared to Provider DASH 8 and ATR Spares Lessor / Trader PW100 Series Engines www.magellangroup.net JULY 31, 2006 / VOL. 57 AviTrader WEEKLY AVIATION HEADLINES 12 $687 million in the second quarter connected travel agencies, corporate vides for Iberia to distribute its full 2005, primarily due to increased new customers and Travelport online content through the Worldspan aircraft deliveries. RAC recorded agencies booking through Galileo. global distribution system (GDS) to operating income of $41 million com- travel agencies, travel Web sites and pared to $33 million in the second Air France KLM Group has signed corporations worldwide that rely on quarter 2005. Operating income was an agreement with Unisys to lever- Worldspan for travel planning and higher due to continued improved age their experience in risk and com- procurement. Full content includes operating performance and favorable pliance management in the airline's Iberia schedules, availability and aircraft volume and mix. effort to strengthen its overall infor- fares, including Web fares. mation security posture. Based on Rolls-Royce sales increases 9% the agreement, Unisys will help Air Virgin America said that the airline France KLM fortify its Information could save U.S. passengers $786 Rolls-Royce's reported an first half Security Maturity Program by assist- million per year, or $88 per roundtrip, 2006 order book of £25.1 billion com- ing in the identification of information in reduced fares once the airline be- pared to £23.0 billion a year before. security issues such as access con- comes certified as a new entrant in The engine manufacturer said that trol to buildings and data and a range the domestic airline market. Accord- sales increased by 9% in the first half of other issues. Unisys will imple- ing to a study conducted by the avia- of the year to £3,390 m and that af- ment its methodology and tools dur- tion and economic research firm The termarket services sales represented ing a pilot program. They will also Campbell-Hill Aviation Group Inc., 54% of group sales. The Group con- train Air France KLM IT security staff, the introduction of low-fare service tinues to expect double-digit growth implement the tools, assess and by Virgin America would reduce mar- in aftermarket sales for the full year. analyze possible business risks, and ket fares, increase service frequency The profit before tax increased by evaluate responses. and capacity, and stimulate new pas- 22% to £324m. senger traffic. West Air Sweden has leased a fur- Other News ther two ATP turboprop freighters from BAE Systems Regional Air- PEOPLE craft. The two aircraft are currently being equipped with the Large GATX Corporation reported that Marla C. Air France released that Quali-audit Gottschalk was elected by the GATX Board Freight Door at the Romaero conver- of Directors to serve as an independent direc- begins operation as the newest sion line at Baneasa, Bucharest, Ro- tor. The committees of the Board of Directors IATA-accredited IOSA Audit Organi- mania and will be delivered in August to which Ms. Gottschalk will be named have zation. Quali-audit is an independent not been determined at this time. (msn 2010) and September (msn and wholly-owned subsidiary of Air 2038). These aircraft will be de- The Board of BAE Systems has appointed Sir France Consulting, with principal ployed by West Air Sweden to re- Nigel Rudd a non-executive Director of the offices at the Charles de Gaulle Air- place two BAe 748 freighters that are Company with effect from 10 September port, ideally located near Paris, 2006. He is currently chairman of Boots currently used on the Swedish Post France. The IATA Operational Safety Group PLC and Pendragon plc and also Office overnight mail contract. serves as deputy chairman of Barclays PLC. Audit (IOSA) Program is an interna- Until recently, he was chairman of Pilkington tionally recognized and accepted DHL Global Forwarding and plc. He also holds a number of other public evaluation system designed to as- appointments including chairman of the CBI’s Deutsche Lufthansa Cargo have sess the operational management Boardroom Issues Group. signed a strategic air cargo security and control system of an airline. With partnership agreement. The basis of JetBlue Airways released that Martin St. a dedicated team of central office this partnership is to develop stan- George will join the low-fare airline effective staff and 18 auditors from major air- immediately as Vice President, Planning. Mr. dard operating procedures that sup- lines, Quali-audit is uniquely posi- St. George will be responsible for the route port and fulfil customer and govern- selection, analysis, and network strategy for tioned to provide IOSA audits and mental security requirements. Such JetBlue, and will report to David Neeleman, related services in both English and procedures will help create a safer JetBlue's CEO. French. While only recently accred- environment for DHL and Lufthansa ited by IATA, Quali-audit has one of Singapore Airlines Limited released that Mr Cargo employees who handle high- Huang Cheng Eng, Executive Vice Presi- the most experienced teams in the value and high-risk products. The dent, Marketing and the Regions, Singapore industry. partnership will make DHL a more Airlines, will succeed Mr Fock Siew Wah as attractive forwarder for customers Chairman and Director of its wholly-owned Galileo International, a subsidiary subsidiary, Singapore Airlines Cargo Pte Ltd shipping high-value or sensitive with effect from 1 August 2006. of Travelport Inc., reported a five- goods. year, full content enterprise agree- Air Wisconsin Airlines appointed Vince Por- ment with Alaska Airlines. Through taro to the position of Vice President- Iberia has signed a new three-year the agreement, all of Alaska's pub- Customer Service. In this role, he will have participating carrier agreement with responsibility for all customer service func- lished fares and inventory will be global travel technology provider tions including oversight of the contract available to all users of the Galileo Worldspan. The agreement pro- ground handling agreements with United GDS system, including Galileo- Airlines and Northwest Airlines. JULY 31, 2006 / VOL. 57 July 31, 2006 AviTrader AVIATION MARKETPLACE Read by thousands of aviation executives and technical decision makers every week www.avitrader.com Commercial Jet Aircraft Aircraft Company Engine MSN Year Availability Contact Email Phone A300B4-200F Jet2 CF6-50 121 1980 immediately Sale Antony Sainthill email@example.com +44 (0)1202 597600 A319-111 CIT Aerospace CFM56-5 1999 2004 1-Jan-07 Lease Nicole Johnson firstname.lastname@example.org +353 1 656 1012 A319-112 Atlasjet Airlines CFM56-5 2631 2006 30-Sep-06 Wet Lease Batuhan Karatas email@example.com +90 212 663 20 00 A319-112 Atlasjet Airlines CFM56-5 2655 2006 30-Sep-06 Wet Lease Batuhan Karatas firstname.lastname@example.org +90 212 663 20 00 A320-211 ADC Airways CFM56-5 615 immediately Wet Lease Ali Darwiche email@example.com +961 3 76 79 78 A320-211 CIT Aerospace CFM56-5 0087 1-Nov-06 Sale Nicole Johnson firstname.lastname@example.org +353 1 656 1012 A320-211 CIT Aerospace CFM56-5 0088 1989 1-Nov-06 Sale Nicole Johnson email@example.com +353 1 656 1012 A320-211 CIT Aerospace CFM56-5 24 1992 1-Apr-07 Lease Nicole Johnson firstname.lastname@example.org +353 1 656 1012 A320-214 Atlasjet Airlines CFM56-5 978 1998 30-Sep-06 Wet Lease Batuhan Karatas email@example.com +90 212 663 20 00 A320-232 Atlasjet Airlines V2500 2457 2005 30-Sep-06 Wet Lease Batuhan Karatas firstname.lastname@example.org +90 212 663 20 00 A320-232 Atlasjet Airlines V2500 460 1994 30-Sep-06 Wet Lease Batuhan Karatas email@example.com +90 212 663 20 00 A320-232 Atlasjet Airlines V2500 461 1994 30-Sep-06 Wet Lease Batuhan Karatas firstname.lastname@example.org +90 212 663 20 00 A320-232 Atlasjet Airlines V2500 676 1997 30-Sep-06 Wet Lease Batuhan Karatas email@example.com +90 212 663 20 00 B727-100 Wentworth & Affiliates, Inc. 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2000 1-Nov-06 Sale, Lease Juliet Hewitt email@example.com 441753832088 GULF 5 Jetavia Ltd BR710 TBA 2002 immediately Sale Jay Mehta firstname.lastname@example.org +44 208 262 7082 L1011-500 euroAtlantic airways RB211-524 1240 1983 immediately Lease, Wet Lease Fernando Ramos email@example.com +351-21-924-7319 Immediate requirement for (2) 737-300 aircraft CAPITAL VENTURES North America Europe / Asia Aircraft and Engine Sales and Leasing Irvin R. Lucas III Barry McGovern Office: + 561 459-5360 Office: + 35318457889 Cell: + 561 809-5853 Cell: + 353879679873 firstname.lastname@example.org email@example.com www.avitrader.com advertising inquiries call +1 (604) 448-0970 July 31, 2006 AviTrader AVIATION MARKETPLACE Read by thousands of aviation executives and technical decision makers every week www.avitrader.com Commerical Engines Engine Type Compan y Availability Description Contact Email Phone (2)536-2 A.J. Walter immediately Sale Becky Howard firstname.lastname@example.org +44 1403 711777 (1) CF6-50C2 Jet2 immediately Sale Dave Daughters email@example.com (1) CF6-50E2 Sunstar Aviation, Inc. immediately Sale Adolfo Diaz firstname.lastname@example.org +1 (954) 727-3381 (2) CF6-80A AeroTurbine immediately Sale, Lease, Exchange Bob Nichols email@example.com +1 (305) 590-2600 (1) CF6-80A2 AeroTurbine immediately Sale, Lease, Exchange Bob Nichols firstname.lastname@example.org +1 (305) 590-2600 (1) CF6-80A3 AeroTurbine immediately Sale, Lease, Exchange Bob Nichols email@example.com +1 (305) 590-2600 (1) CF6-80C2B6F AeroTurbine immediately Sale, Lease, Exchange Bob Nichols firstname.lastname@example.org +1 (305) 590-2600 (1) CFM56-3B-1 GA Telesis Turbine Technologies immediately Sale, Lease Pascal Picano email@example.com +1 (954) 676 3111 (1) CFM56-5B3/P ELFC immediately Sale, Lease Mark Weller firstname.lastname@example.org +353 61 363555 (2) CFM56-3B-2 GA Telesis Turbine Technologies immediately Sale, Lease Pascal Picano email@example.com +1 (954) 676 3111 (3) CFM56-3B-2 GE Aviation Materials immediately Sale, Lease, Exchange Richard Kruze firstname.lastname@example.org +1 (513) 552-2352 (2) CFM56-3B-2 JT-Power LLC immediately Sale, Lease, Exchange Ian McDonald email@example.com 619-873-1931 (1) CFM56-3C-1 ELFC immediately Sale, Lease Mark Weller firstname.lastname@example.org +353 61 363555 (6) CFM56-3C-1 AeroTurbine immediately Sale, Lease, Exchange Bob Nichols email@example.com +1 (305) 590-2600 (1) CFM56-5C-2 AeroTurbine immediately Sale, Lease, Exchange Bob Nichols firstname.lastname@example.org +1 (305) 590-2600 (2) CFM56-5C4 ELFC immediately Sale, Lease Mark Weller email@example.com +353 61 363555 (2) CT7-9B GE Aviation Materials immediately Sale, Lease, Exchange Richard Kruze firstname.lastname@example.org +1 (513) 552-2352 (3)DART 532-7R A.J. Walter immediately Sale Becky Howard email@example.com +44 1403 711777 (2) JT8D-15 GA Telesis Turbine Technologies engines Pascal Picano firstname.lastname@example.org +1 (954) 676 3111 (3) JT8D-15 Aerospace Center Corp immediately Sale Michael Levkovitz email@example.com +1 (305) 889-2700 (2) JT8D-15 Aerostar Asset Management FZC immediately Sale Zamil Samji firstname.lastname@example.org +971 6 557 3570 (1) JT8D-15 Fort Lauderdale Aerospace immediately Sale John Barker email@example.com +1 (954) 472-2888 (1) JT8D-15 GA Telesis Turbine Technologies immediately Sale, Lease Abdol Moabery firstname.lastname@example.org +1 (954) 676-3111 (1) JT8D-15 GA Telesis Turbine Technologies immediately Sale, Lease Abdol Moabery email@example.com +1 (954) 676-3111 (2) JT8D-15 LJH Aviation Management Services immediately Sale Harold Woody firstname.lastname@example.org +1 (501) 318-1465 (1) JT8D-15 NewJet Engine Services, Inc. immediately Sale, Lease Sami Joseph email@example.com +1 (305) 254-8001 (1) JT8D-15A BCI Aircraft Leasing immediately Sale, Lease Brad Vineyard firstname.lastname@example.org +1 (630) 862-8989 JT8D-15A Bonus Tech, Inc. immediately Sale Kevin McCormack email@example.com 305-887-6778 (1)JT8D-17 A.J. Walter immediately Sale, Lease Becky Howard firstname.lastname@example.org +44 1403 711777 (1) JT8D-217C AeroTurbine immediately Sale, Lease, Exchange Bob Nichols email@example.com +1 (305) 590-2600 (1) JT8D-219 AeroTurbine immediately Sale, Lease, Exchange Bob Nichols firstname.lastname@example.org +1 (305) 590-2600 (1) JT8D-219 ELFC immediately Sale, Lease Mark Weller email@example.com +353 61 363555 (2) JT8D-219 GA Telesis Turbine Technologies immediately Sale, Lease Pascal Picano firstname.lastname@example.org +1 (954) 676 3111 (1) JT8D-7B Fort Lauderdale Aerospace immediately Sale, Lease John Barker email@example.com +1 (954) 472-2888 (1) JT8D-9A BCI Aircraft Leasing immediately Sale, Lease Brad Vineyard firstname.lastname@example.org +1 (630) 862-8989 (2) JT8D-9A Fort Lauderdale Aerospace immediately Sale, Lease John Barker email@example.com +1 (954) 472-2888 (1) JT9D-7J Aerostar Asset Management FZC immediately Sale Zamil Samji firstname.lastname@example.org +971 6 557 3570 (2) JT9D-7R4E1 JMV Aviation immediately Sale Karl Rickard email@example.com +352-061707300 (3)MK532-7R A.J. Walter immediately Sale Becky Howard firstname.lastname@example.org +44 1403 711777 (3)MK201 A.J. Walter immediately Sale Becky Howard email@example.com +44 1403 711777 (1) PW119B Asset Aerospace immediately Sale Peter Hammond firstname.lastname@example.org +49-(0)815388690 (1) PW2037 ELFC immediately Sale, Lease Mark Weller email@example.com +353 61 363555 (1)RB211-535E4 TES Aviation Group immediately Sale, Lease, Exchange Rod Curtis firstname.lastname@example.org +44 7810 482886 (1)RB211-535E4 TES Aviation Group 1-Oct-06 Sale, Lease, Exchange Rod Curtis email@example.com +44 7810 482886 (1)TPE331-3UW-304G A.J. Walter immediately Sale Becky Howard firstname.lastname@example.org +44 1403 711777 Aircraft and Engine Parts and Components Description Company Contact Email Phone B737-300 Parts and Components GE Aviation Materials Richard Kruze email@example.com +1 (513) 552-2352 CF34-3B1 HPT modules, several serial numbers GE Aviation Materials Richard Kruze firstname.lastname@example.org +1 (513) 552-2352 CRJ 100/200 Material rotable-repairable - expendable. sage-popovich, inc. Nick Popovich email@example.com +1 (219) 464-8320 Substantial A300 Parts Inventory Jet2 Dave Daughters firstname.lastname@example.org Equipment Wanted Description Company Contact Email Phone Large and Small comerrcial aviation engines - all models. GE Aviation Materials Richard Kruze email@example.com +1 (513) 552-2352 Engine and Aircraft parts and components packages GE Aviation Materials Richard Kruze firstname.lastname@example.org +1 (513) 552-2352 Regional Jets, B737, B747, B767, A310,A319, A320 GE Aviation Materials Richard Kruze email@example.com +1 (513) 552-2352 Two ATR42-300 for immediate purchase. (PAX or Cargo Config) ARKAS Daniel Restrepo firstname.lastname@example.org 3 of the World’s Top 5 Lessors use Stream Digitized records technology for aircraft owners and operators Paper, microfilm or PDF – scanned or converted, indexed and fully text searchable www.stream.aero Sample Aircraft B737-300 Company A CFM56-3 SN12346 1998 immediately Sale, Lease John Doe email@example.com (0)323 340676 view Sample Engine CFM56-3C1 Company A SN111222 immediately Sale, Lease John Doe firstname.lastname@example.org (0)323 340676 view www.avitrader.com advertising inquiries call +1 (604) 448-0970
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