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AviTrader WEEKLY AVIATION HEADLINES state-of-the-art avionics architecture will provide the pilot with increased situational awareness and a reduced workload. airberlin technik provides servicing to Emirates’ A380 in Munich With the first flight of the Emirates Airbus A380 from Dubai to Munich, airberlin technik expands its range of capability to include the double-deck aircraft. In future, the EASA Part 145 certified maintenance company will perform the transit check every day, while the aircraft is on the ground at the Bavarian capital city. At the Munich location, airberlin technik runs a hangar with 12,000 m² of floor area, with space for up to six narrowbody aircraft or three wide-body aircraft, along with employing 270 staff. airberlin technik already provides complete line maintenance to Emirates in Germany at Düsseldorf, Hamburg, Frankfurt and also Munich. This includes maintenance contracts for the aircraft types Airbus A330, A340, A380 and also Boeing 777. FINANCIAL NEWS Astronics acquires avionics interface solutions supplier Ballard Technology Astronics Corporation, a leader in advanced, high-performance lighting, electrical power and automated test systems for the global aerospace and defense industries, has acquired privately-held Ballard Technology, an Everett, WA company that designs and produces avionics interface solutions for defense and commercial aerospace applications. Astronics acquired all of the stock of Ballard for $24m in cash. An additional purchase consideration of up to $5.5m may be paid by Astronics if Ballard achieves certain revenue growth targets over each of the next five years. Founded in 1986, Ballard is projecting 2011 annual revenue of approxi- mately $11.0m, achieving a compound annual growth rate during the previous three years of over 20%. Ballard’s databus products can be used anytime avionics systems on an aircraft are upgraded. Bombardier reports increased net income for 3rd quarter Bombardier reported its financial results for the third quarter ended October 31, 2011. Revenues increased to $4.6bn, compared to $4bn last fiscal year. Earnings before financing income, financing expense and income taxes (EBIT) totaled $301m, compared to $250m last fiscal year, while the EBIT margin reached 6.5%, compared to 6.3% last year. Net income amounted to $192m for the third quarter ended October 31, 2011, compared to $147m for the same period last fiscal year. Free cash flow (cash flows from operating activities less net additions to property, plant and equipment and intangible assets) usage totaled $346m for the third quarter, compared to a usage of $108m for the same period last fiscal year. The cash position amounted to $2.7bn as at October 31, 2011, a level similar to last year, compared to $4.2bn as at January 31, 2011. The overall backlog stood at a strong $55.3bn as at October 31, 2011, compared to $52.7bn as at January 31, 2011. MILITARY & DEFENSE OTHER NEWS AAR selected to extend airlift support for U.S. Military Boeing celebrated the opening of its new Interiors Fabrication facility in North Charleston. The Interiors Responsibility Center South Carolina team will manufacture 787 interior parts including stowbins, closets, partitions, class dividers, floor-mounted stowbins used by flight attendants, overhead rests for flight-crews and flight attendants, video control stations and attendant modules for Boeing South Carolina. The 300,000 ft² facility includes state-of-the-art manufacturing equipment, and employees will use the latest Lean processes and tools to efficiently produce interior components to match 787 production rates at Boeing South Carolina. UOP, a Honeywell company, has been awarded a $1.1m contract from the Federal Aviation Administration (FAA) via the U.S. Department of Transportation’s Volpe Center to develop and demonstrate technology that will produce renewable jet fuel from alcohols found in natural feedstocks. Under the contract, Honeywell’s UOP will produce renewable jet fuel from a type of alcohol called isobutanol. Isobutanol, to be supplied for this project by advanced biofuel company Gevo, The United States Transportation Command (USTRANSCOM) exercised two renewal options for AAR to provide airlift support in Afghanistan through October of 2012. The first option has a value of $99m and is part of a task order awarded to AAR in October, 2010. The second option has a value of $51m and is part of a task order awarded to AAR in August, 2011. The Company’s AAR Airlift operating unit provides rotary-wing aircraft and related personnel, equipment and maintenance to transport personnel, cargo and mail in support of U.S. and NATO operations in Afghanistan. AAR Airlift will support the requirement using three Bell 214ST, seven Sikorsky S-61 and two Sikorsky S-92 helicopters, which were acquired to fulfill the initial contract award. Airframe Support Regional Aircraft ATR 42/72 Dash 8 100/200/300/400 CRJ 100/200 Embraer 120 Commercial Aircraft Airbus A300/A310/A320 A340/A330 Boeing 737/747/757/767 Engine Management Sales & Leasing Regional Engines All PW100 series, including PW150 CF34 A1/B1 AE3007A1 Commercial Engines CF6-50C2/80C2 PW4000 V2500/CFM56 Magellan Aircraft Services � �� Magellan Aviation Services � �� www.magellangroup.net Professional Services Aircraft & Engine Management Consignments & Purchasing of Surplus Inventory Aircraft Leasing & Trading Technical Advisory Services 6
AviTrader WEEKLY AVIATION HEADLINES Airbus: North America will need 5,901 new passenger aircraft in next 20 years According to Airbus’ recently released Airbus Global Market Forecast (GMF), the US and Canada will require 5,901 new passenger aircraft of more than 100 seats between today and 2030. In that same time period, there will be a need for 414 new freighter aircraft. This total of 6,315 new aircraft deliveries has an estimated value of $648bn. By 2030, North America will rank third, behind Asia-Pacific and Europe, in world traffic. With a 20-year growth in revenue passenger miles of 3.3%, North America remains one of the world’s strongest markets. In fact, today, and in 2030, domestic US traffic is and will continue to be the largest single air traffic flow region on the planet. In all, the region is forecast to see 66% growth in passenger fleet. Even with its size and maturity, North American inter-regional traffic has grown by 11% over the last 10 years. Currently, more than 25% of the total world revenue passenger miles are carried on US and Canadian airlines. While the growth rate of the North American market is less dramatic than in some expanding regions of the world such as China and India, the US and Canada have the highest percentage of existing aircraft that will need to be replaced in the coming decades. Specifically, 41% of the aircraft currently in service in North America will need to be replaced over the next 20 years – greater than in any other region of the world. Airbus says the A320neo and the A350XWB have made dramatic inroads in the US market. Orders and commitments for the A320neo include US customer airlines: • American Airlines - 130 • Republic/Frontier - 80 • Spirit Airlines - 45 • JetBlue Airways - 40 • Virgin America - 30 The GMF shows the need for some 1,140 twin-aisle aircraft in North America in the next 20 years, and most of those have yet to be competed for. To date, firm orders for the A350XWB include US customer airlines: • United Airlines - 25 • US Airways - 22 • Hawaiian Airlines - 6 Overall, the market for passenger aircraft in North America is expected to grow by 66% over the next 20 years. The growth for dedicated freighters in the region is even greater, with a growth rate in the same period of some 80%. Globally, by 2030, some 27,800 new aircraft valued at $3.5tr will be required to satisfy the robust future market demand. With more than 3,100 aircraft sold (including to US-based leasing companies) and a backlog of 1,000, there are currently more than 1,100 Airbus aircraft in operation throughout the US and Canada. 7
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