Aerospace Industry to Witness Growth Despite Recession: Lucintel Estimates Global Commercial Airliner and Regional Aircraft Market to Reach US $112 Billion In 2017Irving, TX (PRWEB) June 22, 2012 Despite economic difficulty, the aerospace industry is proliferating and the global commercial airliner and regional aircraft markets are expected to reach approximately US $112 billion in 2017 with a ...
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High-tech aerospace company nearing decision to locate to North Brevard
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Photo illustration: Bartholomew Cooke
From the outside, the only question about Chinas nonstop growth is which milestone the country will roar past next. China is already the second-largest economy in the world, after not making the top 10 just a generation ago. According to some growth-rate predictions, its now within a generation of overtaking the US and becoming number one. And by many measures, its already in first place: New roads built, cars bought, mobile phones in service, Internet users signed onbased on these and other categories, the center of the worlds economic activity has moved to China.
From inside China, things look dicier. The country has plenty of problems: an environmental catastrophe that has made cancer the leading cause of death, tensions that arise in one of the most unequal societies on earth, challenges to the legitimacy of the only major government that does not let its people vote. And while Americans and other outsiders fear that China has devised the economic model of the future, many of the countrys leaders worry that the model has run its course. Even in China there are only so many dams to be built, high-speed railroad lines to be laid, brand-new cities to be populated. China has proven that you can move people en masse from rural poverty to urban factory life in a single generation, by embracing the role of outsourcing workhouse of the world. But Chinese economists fear that this may turn into a low-wage trap that will keep the country from creating the kind of large professional, high-end entrepreneurial, and upper-middle classes that the US has long enjoyed.
Thus the Chinese determination, spelled out in its 12th Five-Year Plan to move up the value chain. Can it succeed? Will the next Apples, Facebooks, and Googles arise in China? How much do the current Pfizers, GEs, and Boeings have to fear?
The answer will be found in apex industries, those clusters of businesses whose vitality signals the presence of surrounding networks of high-value skills, technologies, and operational competencies. Wildlife biologists look for healthy populations of amphibiansnewts, frogsto indicate the broader health of a wetland environment. Similarly, economic analysts can look to the status of pharmaceutical industries (which reflect a strong research culture), university complexes (whose ability to draw and hold the worlds talent reflects the attractiveness of a society), and venture capital and info-tech industries (which depend on openness) to judge overall economic vitality. And in China they should be looking at aerospace.
Aerospace has long been an American bulwark. In most years Boeing is the nations leading exporter. America has more airports, builds more airplanes, trains more pilots, and arranges more of its economy around aviation than any other country, by far. China would very much like a piece of thisto have Boeings, NASAs, Cessnas, and fully fledged GPS systems of its own. The 12th Five-Year Plan lists aerospace as a symbol and target of Chinas high-value ambition. Over the next few years, the country will attempt to re-create all of Americas 100-year aerospace history: from the glamor and popularization of flying in the Lindbergh era of the 1920s, through the airport-building boom of the 1940s and 1950s and the moon race in the 1960s, to the routinization (and immiseration) of airline flight now.
OK, the Chinese hope to skip the immiseration. Otherwise theyre trying to do it all, with 100 airports under construction, several airliner models being developed, and a business-jet culture taking hold.
The most ambitious of these efforts, a moon shot, reveals the least about the countrys high-value potential. In a sense, its a flying version of the Three Gorges Dam, one more massive public-works effort. The more significant apex-industry test is whether the Chinese system can integrate the complex array of tasks necessary to build safe airplanes and manage safe airlines, at much higher volumes and on tighter schedules than they currently do (like those in the US and Europe). Targets include shared public and private responsibility for safety, shared military and civilian control of airspace, international standards applied in a domestic setting, and the balance between strict by-the-book procedure and individual initiative that keep aerial challenges like the Miracle on the Hudson landing from turning into tragedies.
This industry is the perfect test case of economic maturity, a longtime Boeing and FAA employee named Joe Tymczyszyn told me in Beijing, where he has moved to help the Chinese develop their aerospace industry. So to truly understand how close China is to realizing its potential, keep your eye on the skies.
James Fallows (jamesfallows@theatlantic.com) is the author of the new book China Airborne.
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SHELTON, Conn., June 21, 2012 /PRNewswire/ -- Aviation Week's Overhaul & Maintenance Magazine has presented its prestigious 2012 MRO of the Year Award for military center of excellence to Sikorsky Aerospace Services (SAS). SAS, which received the award at the recent MRO Americas Conference & Exhibition in Dallas, Texas, is the worldwide aftermarket division of Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE: UTX).
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SAS was recognized for its Technical, Engineering, Logistics, and Services and Supplies (TELSS) partnership with the Corpus Christi Army Depot (CCAD) in Texas, which supports the U.S. Army's H-60 BLACK HAWK helicopter repair and overhaul program. The TELSS/CCAD partnership delivered back into service a record-breaking 48 newly refurbished BLACK HAWK helicopters in 2011.
"The BLACK HAWK upgrade program at CCAD represents tremendous cost savings to the U.S. government by updating older aircraft to the latest UH-60L configuration. Retiring these older BLACK HAWK helicopters would compel the government to replenish its fleet with new aircraft at a much higher cost per unit," said David Adler, SAS President. "The TELSS/CCAD partnership is committed to performing quality work that provides commercial best-practices that drive productivity and innovation and ultimately produce safer, more reliable BLACK HAWK helicopters. The benefit of increased aircraft readiness supports our government's ability to execute successful missions throughout the world."
"We are very proud of the recognition that this award bestows upon our CCAD team. Over the past 10 years, we have done tremendous work to increase the technical capability, share industry best practices, and streamline the depot," said George Mitchell, SAS Vice President of Military Customer Support, who accepted the award. "Our support of the Army's BLACK HAWK fleet continues to show our commitment to this battle-proven product."
Formed in 2003, the TELSS partnership between SAS and CCAD supports all facets of the U.S. Army's H-60 BLACK HAWK helicopter repair and overhaul program. The Army's BLACK HAWK UH-60A fleet is upgraded to the UH-60L model, which includes a new, more powerful transmission, engines, upgraded airframe and enhanced safety features. Since the formation of the partnership, several hundred Sikorsky Aircraft process improvement recommendations have been submitted to CCAD, resulting in a savings of $3.8 million. Implementation of these processes also has increased production by more than 300 percent with only a 30 percent increase in manpower.
"Our partnership with Sikorsky has allowed us to do many things that before were considered undoable," said Col. Christopher Carlile, Depot Commander. "It's in the best interest of our soldiers, and we look forward to maintaining a partnership that's a win-win as much as possible."
Through TELSS, Sikorsky provides the depot with technical, engineering, and logistical support services for BLACK HAWK and HH-60G PAVE HAWK helicopters. SAS is able to leverage Sikorsky's manufacturing efficiencies and extensive supply chain to provide material support for the aircraft and component overhaul. As a result of the partnership with Sikorsky, the depot is currently able to maintain a 93 percent fill rate on aircraft requirements. SAS provides a 30-person on-site team including embedded engineers who continually relay Sikorsky's best manufacturing practices to CCAD and provide engineering analysis for repair procedure changes that reduce overall material costs. Throughout the overhaul and repair process, SAS is able to interpret aircraft documentation, quickly solve any technical questions and keep production moving.
In recent years, partly in response to tightening Department of Defense budgets, Sikorsky has been exploring innovative ways for its customers to realize their mission readiness goals in a more cost-effective manner. Sikorsky has a stated enterprise-wide goal of reducing the operating costs of its platforms by 10 percent annually. In addition to CCAD, Sikorsky has received recognition for its Performance-Based Logistics Program in support of more than 500 in-service H-60 U.S. Navy SEAHAWK helicopters. That program won the Defense Logistics 2011 Award for Best PBL Implementation and was the largest contract ($1.4 billion) ever awarded by the Naval Systems Supply Command.
Sikorsky Aerospace Services, a Sikorsky company, provides comprehensive support to rotary- and fixed-wing operators around the world. It offers its military and commercial customers a full portfolio of support services, including material distribution, maintenance, overhaul & repair, aircraft modifications and life-cycle support. Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high-technology products and support services to the aerospace and building systems industries worldwide.
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Sikorsky Aerospace Services Wins Coveted 2012 Military MRO of the Year Award
WICHITA, Kan., June 21, 2012 /PRNewswire/ --TECT Aerospace, Inc. announced the hiring of Colin Strain as vice president sales and marketing.
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Before joining TECT Aerospace, Colin was the vice president sales and marketing for seven years at GKN Aerospace, Engine Products where he was responsible for all global sales and marketing activities. Prior to GKN Aerospace, he worked at ThyssenKrupp as the director of sales and marketing.
"Colin Strain brings an in-depth knowledge of business development, sales, marketing and operations to TECT Aerospace," said Pete Knapper, president of TECT Aerospace. "Colin's experience and knowledge will provide leadership and direction for our sales team and enable TECT Aerospace to meet and exceed ambitious growth objectives."
Colin earned his undergraduate degree in management studies from the University of Strathclyde in Glasgow, Scotland.
Colin will relocate from Cincinnati to be based out of TECT Aerospace headquarters in Wichita.
About TECTTECT is a family of privately held, independently managed aerospace companies currently consisting of the TECT Aerospace and TECT Power business units. With more than 115 years of continuous operations, the TECT businesses have a unique blend of business processes, equipment, and proprietary manufacturing capabilities that have earned them leading positions in many of their product niches. TECT's philosophy of utilizing a fully integrated supply chain allows them to deliver precision components and assemblies to customers worldwide with unmatched quality and speed. To learn more, visit http://www.tectcorp.com.
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TECT Aerospace, Inc. Hires Colin Strain as Vice President Sales and Marketing
STATEN ISLAND, N.Y., June 21, 2012 /PRNewswire/ --Precision Aerospace Components, Inc., a growing provider of fasteners and components to the military and aerospace industries under its Freundlich Supply and Tiger-Tight companies, announced it has acquired the assets of Fastener Distribution and Marketing Company, (FDMC). FDMC is the parent company of Aero-Missile Components, (AMC) and Creative Assembly Systems, (CAS). AMC provides fasteners and other components to the military and aerospace industries; CAS provides fasteners, tooling and other products to the transportation, housing infrastructure and white goods markets.
In announcing the transaction, Andrew Prince, Precision Aerospace Components President and CEO, said, "This transaction complements all four operating companies by providing access to greater combined resources serving a broader addressed market. I am excited about bringing these two management teams together to further the Company's long term objectives."
Richard McVaugh, a respected fastener industry executive and the President of FDMC, who has overseen the growth of AMC and CAS will assume the role of President of each of the Precision Aerospace subsidiaries. Mr. McVaugh noted, "All customers of each of our companies will be better served as a result of this acquisition. We look forward to bringing increased service and offerings to both present and future customers."
With this acquisition Precision Aerospace Components, Inc. and its subsidiaries Aero-Missile Components, Inc. and Freundlich Supply Company, Inc. and Creative Assembly Systems, Inc., will have operations throughout the United States, will providea responsive and knowledgeable quality fastener solution to customer needs and provide the support to introduce the revolutionary Tiger-Tight locking washer the domestically fabricated lock washer that really holds without loosening and does not destroy the surface material to which it is holding.
In the upcoming 12 months, the combined companies anticipate producing over $33M in revenues and an operating profit (before any expenses associated with the acquisition and taxes) of over $3M.
More information online: http://www.precaeroinc.com/
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This release was issued on behalf of the above organization by Send2Press(R), a unit of Neotrope(R). http://www.Send2Press.com
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Toronto, ON Vector Aerospace Corporation (www.vectoraerospace.com), a global independent provider of aviation maintenance, repair and overhaul (MRO) services is pleased to announce that Vector Aerospace Engine Services-Atlantic, Inc. (Vector) has entered into a Service Agreement with Pascan Express located in Quebec City, Quebec.
As per the terms of the three-year exclusive agreement, Vector provides Pascan Express with comprehensive fixed-wing aircraft engine repair and overhaul support from its Vector-Atlantic facility, located in Prince Edward Island, Canada.
Pierre Piotte, vice president of maintenance for Pascan Express says, As an operator of two ATR42 aircraft, Pascan Express takes pride in its reputation as a trusted flight services provider. We are confident that this new partnership with Vector will allow our company to focus on being a trusted airline operator, knowing that Vector will provide exceptional repair and overhaul service for our fleet of engines."
The signing of the agreement represents another significant achievement for Vector Aerospace Engine Services Atlantic, which is a Pratt and Whitney Canada (P&WC) Designated Overhaul Facility (DOF). Jeff Poirier, president of Vector Aerospace Engine Services Atlantic says, Our comprehensive P&WC approved engine and component repair, overhaul and test services will be of great value and benefit to Pascan Express and their customers. We have the experience and expertise to deliver industry-leading customer service and we will strive to exceed Pascan's expectations.
Poirier elaborates on the specifics of the agreement, explaining that the terms include various repair, hot section inspections, modifications, overhaul and test support for Pascans current fleet of two ATR-42 Aircraft including the P&WC PW120 Series Engine with plans to expand their fleet up to twelve ATR-42s within the next two years.
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Vector Aerospace Signs Engine Services Agreement with Pascan Express
Washington Gov. Chris Gregoire promoted training and education for aerospace jobs Wednesday at a series of events.
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STAMFORD, Conn., June 20, 2012 /PRNewswire/ -- PASSUR Aerospace, Inc. (PSSR.PK), a business intelligence software and solutions company, reported that revenues for the first six months of fiscal 2012 increased 2%, to $6,996,000 compared to $6,875,000 in the same period of the previous fiscal year. For the same period, the Company's net income increased 118% to $939,000 or $.12 per diluted share, compared to net income of $432,000 or $.08 per share, significantly as a result of reduced interest costs.
Total revenues for the quarter ended April 30, 2012 increased 5% to $3,532,000, compared to $3,365,000 in the same quarter of the previous fiscal year. The Company had net income of $559,000 or $.07 per diluted share in the second quarter ended April 30, 2012, compared to a net income of $122,000 or $.02 per diluted share in the same quarter of fiscal 2011.
"We're encouraged, but not satisfied with the increase in sales and profitability, and we're particularly pleased with the market acceptance of the PASSUR Integrated Traffic Management platform (PITM)," said Jim Barry, President and CEO of PASSUR Aerospace. "As part of the ongoing investment in PITM, we announced the launch of the Airport Information Network - a new module to PITM where all stakeholders can coordinate information, situational awareness, and actions to manage congestion, diversions, and tarmac delays at the regional and national level. A joint effort between PASSUR, airlines, and airports, AIN is an industry response to the challenge of systemic disruptions which are so costly, financially and environmentally, disruptive to the passenger experience - and which can only be solved on a collaborative basis."
"We continue to make the investments needed to take advantage of what we see as a significant opportunity for long-term, robust growth," said G.S. Beckwith Gilbert, PASSUR Aerospace Chairman of the Board.
About PASSUR Aerospace
PASSUR Aerospace, Inc. is a business intelligence company that provides predictive analytics built on proprietary algorithms and the concurrent integration and simultaneous mining of multiple databases. We believe PASSUR is the industry standard in business intelligence dashboards and predictive analytics for aviation organizations. PASSUR serves dozens of airlines (including six of the top eight North American airlines, and all five of the top hub carriers), approximately 60 airport customers (including 23 of the top 30 North American airports), and approximately 200 corporate aviation customers, as well as the U.S. government, including the Federal Aviation Administration (FAA) and the Transportation Security Administration (TSA). PASSUR's system provides coast-to-coast coverage and is driven by proprietary, patented, business intelligence software, which is powered by a unique North American network of 155 passive radars, company owned. Supplementary, detailed coverage is also provided at 98 of the top 100 North American airports. Other PASSURs are located in Europe and Asia. Flight tracks are updated between 1 and 4.6 seconds, thereby making available a system which is user-friendly and useful for decision-making. Visit PASSUR Aerospace's website at http://www.passur.comfor updated news, products, and solutions.
The forward-looking statements in this press release relating to management's expectations and beliefs are based on preliminary information and management assumptions. Such forward-looking statements are subject to a wide range of risks and uncertainties that could cause results to differ in material respects, including those related to customer needs, budgetary constraints, competitive pressures, the success of airline trials, the profitable use of the Company's owned PASSURs located at major airports, the Company's maintenance of above average quality of its product and services, as well as potential regulatory changes. Further information regarding factors that could affect the Company's results is contained in the Company's SEC filings, including the October 31, 2011 Form 10-K and April 30, 2012 Form 10-Q.
Contact:
James T. Barry President & CEO (203) 622-4086 jimbarry@passur.com
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PASSUR® Aerospace Reports 118% Increase in Net Income for First Half of FY2012
CHATSWORTH, Calif., June20, 2012 /PRNewswire/ --Align Aerospace, a leading global provider of hardware, components, logistics and supply chain solutions in the global aerospace and defense industries, announced today that its Collegien, Paris, France office has earned the prestigious Excellent Supplier Award 2011 in Gold from Austrian aviation supplier FACC AG for "exceptional commitment and exemplary performance."
FACC presents the annual award in gold, silver and bronze to recognize three suppliers for exceptional commitment and exemplary performance in continually providing high-quality products and reliable adherence to delivery requirements. Other factors considered include customer service, flexibility, cooperation, and willingness to develop, accept and implement cost-saving and process-optimizing measures. With the coveted Excellent Supplier Awards, FACC publicly recognizes and rewards optimum suppliers within its own supply chain, identifying those who are totally dependable, trustworthy and contribute greatly towards its ultimate goal of Total Customer Satisfaction.
"This is a tremendous honor for Align Aerospace and our team in Europe, especially as FACC is a key customer and a leading producer and designer of composite parts for aviation applications," said Align's CEO Richard C. Organ."This is a great example of how our global supply network and service offerings help our customers to be more competitive."
About Align:
Align Aerospace is a leading supplier of hardware and related components to a broad range of aerospace and defense OEMs and their subcontractors throughout the world. Experts in bid-to-buy, JIT, VMI, lean manufacturing and supply chain management, Align has more than 90,000 unique parts in stock from over 2,000 suppliers ready to ship from its warehouses throughout the U.S. and Europe. Between 1998 and 2011, the Company operated as Pentacon, Eurofast SAS, and Anixter Aerospace Hardware. Align began independent operations in August 2011 as a result of the divestiture of the business by Anixter International to Greenbrier Equity Group.
About FACC
FACC AG is one of the world's leading companies in the development and production of advanced fiber-reinforced composite components and systems for the aviation industry. Its range of products reaches from structural components for the fuselage and wings to engine components to complete passenger cabins for passenger planes and helicopters. FACC is a supplier to all large aircraft manufacturers such as Airbus, Boeing, Bombardier, Embraer, COMAC and Sukhoi as well as engine manufacturers and sub-suppliers of OEMs.
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18-06-2012 16:39 This video will be used during Governor Christine Gregoire's trade mission to Ireland and the United Kingdom and the Farnborough International Airshow (July 2012). It was produced by the Washington State Department of Commerce. Washington is home to more than 92000 aerospace workers, more than 700 aerospace companies and the final assembly of The Boeing Company's 787 Dreamliner, 777, 767, 747 and 737 families of commercial airplanes. For more information visit or http://www.choosewashington.com.
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TUCSON, Ariz., June 20, 2012 /PRNewswire/ -- The Tucson, Arizona-based Offshore Group recently announced that it has entered into a long term relationship for the provision of outsourced manufacturing support, or "shelter," services in Mexico with UK-based manufacturer, J.J. Churchill, Ltd. The British firm will install production capacity in 38,500 square feet of manufacturing space within the confines of The Offshore Group's Roca Fuerte Industrial Park in Guaymas, Sonora, Mexico. The term of the contract between the two parties is for ten years. J.J. Churchill Ltd. expects to employ a workforce of forty at the project's maturity.
According to Andrew Churchill, Managing Director of J.J. Churchill, "We embark on our new relationship in Mexico with The Offshore Group with a great sense of optimism. Our facility in Guaymas, Sonora will geographically position us to serve our North American customers, as well as the North American market as a whole, in both a time and cost-effective manner. The experience that The Offshore Group has with other aerospace manufacturers with profiles that are akin to ours only serves to fortify our expectations of similarly positive results."
J.J. Churchill was founded in 1937, and is based at Market Bosworth in the UK Midlands. The company has continued to develop expertise in four principal markets: Aerospace, Defense, Industrial and Powergen. As a first-tier precision, sub-contract machinist for 'blue-chip' OEMs, the company works together with its customers to develop, test and assemble as a preferred supplier on long-term projects.
The Offshore Group is the largest provider of outsourced business support, "shelter" services in Mexico. Currently 61 businesses operate at The Offshore Group's three Mexico manufacturing industrial parks in the State of Sonora, the city of Saltillo, Coahuila, and at the Group's Vangtel subsidiary in Hermosillo, Sonora. Vangtel offers Mexico shelter services to companies that occupy the call center, IT development and BPO markets, while the International Logistic Solutions Company (ILS) is a leading provider of supply chain services. The Offshore Group has recently initiated operations in Mexico's second largest city, Guadalajara. Sign up to receive Offshore Group RSS Feeds.
Website: http://www.offshoregroup.com
This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.
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LONDON, June 19, 2012 /PRNewswire/ --
Inmarsat (ISAT.L), the leading provider of global mobile satellite communications services, has appointed Miranda Mills as VP Aerospace for Global Xpress.
Based in Nyon, Switzerland, Mills will join the expanding Global Xpress team for Inmarsat's next generation Global Xpress programme, a service that will offer seamless global coverage and deliver unprecedented mobile broadband speeds of up to 50MB/s for users in the government, maritime, enterprise, energy and aeronautical sectors.
As VP for Aerospace, Mills will be responsible for developing all Global Xpress aeronautical services worldwide, building on Inmarsat's long presence in satellite-based aviation safety and operations communications with the proven Swift64 and SwiftBroadband services. Leading the Global Xpress aviation team, she will help exploit the business opportunities created by the unrivalled increase in airborne bandwidth that Global Xpress will deliver. She will oversee all aspects of the aerospace opportunity, including product and service delivery, partner selection and relations, and commercial issues.
In her previous position with Astrium, she had the dual role of Global Sales & Marketing Director and UK National Director for the Earth Observation, Navigation & Science (ENS) SatellitesDivision. Prior to this she spent 14 years with Airbus in various roles, including responsibility for Services Strategy & Business Development Head of the A320 Family Programme in the UK, and most recently VP Sales for South Asia. She holds an Aeronautical Engineering Degree and MBA.
Leo Mondale, Managing Director of the Global Xpress programme, comments:
"Miranda brings a wealth of experience, energy, and intelligence to Global Xpress. She has a unique understanding of the interplay between airlines, the aircraft and
equipment supply ecosystem, and the regulatory and competitive environments that are essential for helping aircraft operators deliver the next generation of in-flight connectivity."
He adds: "Her strong technical background in aircraft and satellites will facilitate the introduction of our unique, high bandwidth aviation services into the complex technological and regulatory aerospace environment.
About Inmarsat
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MONTREAL, QUEBEC--(Marketwire -06/19/12)- Bombardier Aerospace today released its annual 20-year forecasts for the business and commercial aircraft markets during a pre-Farnborough media event, held at its headquarters in Dorval, Quebec, that was simultaneously webcast.
As the business and commercial aircraft markets continue to recover from the industry downturn, indicators are mixed, yet trending positively. New aircraft orders are supported by continued demand from developed markets and growth potential in emerging markets, which are forecasted to play an increasingly important role in the global aviation marketplace. Operators industry-wide remain focused on fleet optimization and aircraft efficiency as fuel prices and environmental concerns rise.
"We have built our leadership position in aviation by continuously pushing the boundaries of product development to better meet the needs of our customers, both those who operate our aircraft and those who use them as a mode of transportation," said Mairead Lavery, Vice President, Strategy, Business Development and Structured Finance, Bombardier Aerospace. "We will continue to deliver industry-leading mobility solutions, and we are positioning ourselves for a period of growth by pursuing our international expansion strategy to be closer to our customers in traditional and emerging markets."
Business Aircraft Market Forecast
Bombardier is confident in the strong, long-term potential of the business aircraft industry and forecasts a total of 24,000 business jet deliveries from 2012 to 2031 in all segments in which Bombardier competes(i), which represents approximately $648 billion US(ii) in industry revenues. The Bombardier Business Aircraft Market Forecast anticipates 9,800 aircraft deliveries, worth $266 billion US, from 2012 to 2021 and 14,200 deliveries, worth $382 billion US, from 2022 to 2031.
While the business aviation market continues to recover, current market indicators are mixed. Market confidence needs to be fully restored for industry business jet deliveries to increase strongly and enable the industry to realize its full potential. Deliveries are expected to lag order intake as manufacturers strive to maintain acceptable backlog levels, and business jet industry deliveries for 2012 are expected to be comparable to 2011. Bombardier believes business jet industry deliveries will return to sustained growth starting in 2013, with the Large aircraft category demonstrating the fastest growth.
Over the forecast period, Bombardier predicts that North America will receive the greatest number of new business jet deliveries between 2012 and 2031 with 9,500 aircraft, followed by Europe, with 3,920 aircraft. Notably, China will become the third largest market for business jet deliveries, with 2,420 deliveries from 2012 to 2031. Bombardier also expects key growth markets, including Brazil, India, Russia and the Commonwealth of Independent States (CIS), Indonesia, Mexico, South Korea and Turkey, to receive a significant share of business jet deliveries during the next 20 years.
Through its investment in innovative transportation solutions, Bombardier continues to lead the evolution of the business aviation industry. New aircraft development programs, including the Learjet 70, Learjet 75, Learjet 85, Global 7000 and Global 8000 jets, position Bombardier for long-term market leadership, and the Company remains committed to the international expansion of its services portfolio to better meet the needs of its customers.
Commercial Aircraft Market Forecast
Bombardier Aerospace's 20-year view of the 20- to 149-seat commercial aircraft market calls for 12,800 deliveries from 2012 to 2031, generating over $630 billion US in sales revenue. This represents a decrease of 300 units (2.3 per cent) compared to last year's forecast, mainly due to a lower GDP forecast and a sharp increase in the forecasted oil price.
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MONTREAL, QUEBEC--(Marketwire -06/18/12)- Aeroports de Montreal (ADM), Bombardier Aerospace and Porter Airlines today joined forces to launch the inaugural flight of a series of biofuel flights which will deliver Raymond Benjamin, the Secretary General of the International Civil Aviation Organization (ICAO) to Rio de Janeiro for the United Nations Conference on Sustainable Development (Rio+20). Prior to departing from Montreal Pierre Elliott Trudeau International Airport to Billy Bishop Toronto City Airport, executives from each organization emphasized the importance of investing in sustainable aviation and their commitment to working with the industry to reduce the environmental impact of aviation.
"As signatories of the Aviation Industry Commitment to Action on Climate Change, we fully share these objectives," said Mr. James C. Cherry, President & CEO, Aeroports de Montreal. "I would like to take this opportunity to point out that Montreal-Trudeau airport was the first in North America to sell carbon credits and that we already have made several innovative achievements in the area of greenhouse gas reduction," added Mr. Cherry
This marks the second biofuel flight for Bombardier and Porter this year. In April, Porter successfully conducted the first biofuel-powered revenue flight in Canada. In the conclusion to a test program that was launched in 2010, the airline flew one of its Q400 turboprops from its base at Toronto City Airport to Ottawa using a 50/50 blend of biofuel and Jet A1 fuel in one of its engines. Today's flight is using the same fuel in one engine - certified to the new American Society for Testing and Materials (ASTM) D7566/D1655 standard and derived from the oilseed crop, Camelina sativa(i) (49 per cent) and Brassica carinata(i) (one per cent). The aircraft's other engine is powered by Jet A1 fuel.
The biofuel research is only one of many initiatives Bombardier has embarked on in recent years in the area of sustainable aviation as a pillar of the company's Corporate Social Responsibility program. Bombardier is also involved in numerous projects to reduce the environmental footprint of its sites and its products by using a lifecycle approach including Design for Environment and the implementation of Leadership in Energy and Environmental Design (LEED) building standards at its manufacturing sites.
"Bombardier is proud to be involved in this symbolic journey for the industry," said Helene V. Gagnon, Vice-President, Public Affairs, Communications and Corporate Social Responsibility, Bombardier Aerospace. "As a leading aircraft manufacturer we must act as a role model for the industry where the environment is concerned, not only by designing and building innovative and responsible products, but by working in partnership with the entire industry to find solutions that can benefit us all in the long term."
Porter operates a single-type fleet of 26 Q400 aircraft throughout its regional network.
"One reason that Porter initially chose the Q400 aircraft is because of its efficiency characteristics, including substantially reduced fuel usage and emissions compared to comparable jet aircraft," said Robert Cordes, Executive Vice President and COO, Porter Airlines. "Biofuel used on a regular basis has the potential to make even greater improvements in the future. We're proud to contribute to this goal as part of overall industry efforts."
About Q400 aircraf
The Q400 turboprop airliner, which is built at Bombardier's Toronto, Ontario facility, is the advanced successor to Bombardier's Dash 8/Q-Series family of aircraft. Optimized for short-haul operations, the "comfortably greener," 70- to 80-seat Q400 aircraft is a large, fast, quiet and fuel-efficient turboprop. It provides an ideal balance of passenger comfort and operating economics with a reduced environmental footprint.
Setting new environmental standards, the Q400 aircraft uses 30 to 40 per cent less fuel and produces 30 to 40 per cent fewer emissions on routes where it has replaced similar-capacity, older jets. Overall, the Q400 aircraft is 15 decibels quieter than ICAO Chapter 4 noise standards; raising the bar for the entire industry.
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By Ross Marowits, The Canadian Press
MONTREAL - Bombardier Aerospace says it has bought land near the airport in Casablanca's free zone that offers five years of no taxes and other financial incentives for a manufacturing facility set to open next year.
The Montreal-based aircraft manufacturer said Monday it signed a deal with Moroccan property holding and management company Midparc Investment S.A. for the land in a free zone in Nouaceur.
Midparc is owned by a state financial agency and three private industrial companies specializing in aeronautics and electronics fields.
Bombardier Aerospace president Guy Hachey said the selection of the site for the manufacturing facility is "an important first step" in establishing the world's third-largest aircraft manufacturer in the North African country.
"The site met our stringent requirements and high standards and we look forward to the start of the construction and production of the first Moroccan-built Bombardier aircraft components," he stated in a news release.
Hachey said it hopes the long-term relationship will serve as a catalyst for the aircraft industry in Morocco.
Bombardier (TSX:BBD-B.TO - News) joins other aerospace manufacturers in setting up shop in Morocco, which has established an aerospace training program and offers many tax and financial incentives to attract companies.
The company will pay no taxes for five years, 8.75 per cent for another 20 years and 17.5 per cent thereafter.
On its website, Midparc boasts about low wages being one of Morocco's advantages. It said the average monthly wage is US$327, lower than in Tunisia and Turkey, 10 times lower than Spain and a quarter of what's earned in South Africa.
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Bombardier buys land in Casablanca free zone for aerospace manufacturing plant
June 18, 2012 10:56 AM
SME Aerospace, Boeing And Spirit Aerosystems Host Meeting Of Regional Aerospace Suppliers In Malaysia
KUALA LUMPUR, June 18 (Bernama) -- SME Aerospace Sdn Bhd (SMEAe), Boeing and Spirit AeroSystems Malaysia Sdn Bhd hosted a conference last week in Malaysia for more than 100 executives from aerospace suppliers and related companies from 10 countries to strengthen business ties and advance Southeast Asia's aerospace capabilities.
The two-day conference on June 13-14 for General Managers for Southeast Asian suppliers included participants from Malaysia, Philippines, Singapore, Thailand and Vietnam, as well as from China, India, Japan, South Korea and Taiwan.
The conference was a recognition of the region's increasing contribution to the global aerospace industry and provided a forum to support further development in Southeast Asia s aircraft component manufacturing industry.
Datuk Mukhriz Mahathir, Malaysia's Deputy Minister of International Trade & Industry, officiated at the two-day conference and provided the keynote speech.
In his speech, the Minister noted that the conference was highly significant in enhancing Malaysia s capability in the aerostructure s manufacturing industry. The theme of the event was "Developing Human Capital and Opening Communications between Aerospace Companies within the Region." Other speakers included officials from Boeing, Spirit Aerosystems Malaysia and Malaysian Government organisations such as MIDA, SME Corp and MIGHT. The objectives of the conference included establishing common practices and policies to maximize and capitalize on opportunities for companies' development and collaboration; providing networking opportunities to support supply chain integration and a common approach to aerospace manufacturing; and spurring market access, investment and productivity in Southeast Asia by facilitating collaboration among regional companies and governments.
"Boeing is pleased to support this conference because Southeast Asia's aerospace manufacturing industry has great potential for growth in capability and productivity," said Skip Boyce, president of Boeing Southeast Asia.
The conference provided a valuable opportunity for Boeing and participating companies to develop mutually beneficial relationships and establish best practices that will strengthen the industry in the region."
Suppliers from Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam provide components for Boeing aircraft.
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Published: Monday, June 18, 2012, 12:01 a.m.
Those lucrative opportunities and what the state is doing to capitalize on them were topics of discussion for the Washington Council on Aerospace, which met Thursday. The council consists of representatives of industry and labor, and of commerce, education and state government.
"We are keenly focused on Boeing's intentions on the latest iteration of the 777 -- the 777X," said Alex Pietsch, who chairs the council and serves as the director of the governor's Aerospace Office.
Boeing officials have said they would go to the company's board of directors with a plan for refreshing the popular Everett-built 777 by year's end. Recently, however, Jim Albaugh, president of Renton-based Boeing Commercial Airplanes, indicated the company is more focused on developing a slightly larger version of the 787 before turning attention to the 777.
Pietsch indicated that the state might not need to pursue the 777X the way it did to land manufacture of the 737 MAX, Boeing's re-engined single-aisle jet. For that, the state had an outside research firm conduct a competitiveness study late last year, complete with recommendations for Washington. Boeing and the local district of the International Association of Machinists and Aerospace Workers (IAM) inked a deal for keeping the MAX in Renton before the state implemented many of those recommendations. Continuing that effort could be the state's way forward on the 777X, Pietsch said.
The most immediate opportunity for Washington is the Farnborough International Airshow, held in July outside London. Jet makers like Boeing and Airbus typically make a splash at the show by announcing large orders for aircraft. But it's also a place for their suppliers to strike deals, as well.
Gov. Chris Gregoire will lead a trade delegation that includes 10 aerospace suppliers and three exhibitors, like the Center of Excellence for Aerospace and Advanced Manufacturing in Everett. More than 50 companies in the state also will be attending the air show but will have their own booths, said Monica Wiedrich of the state Commerce Department.
It's the largest contingent from Washington to attend Farnborough, which is held every other year, alternating with the Paris Air Show. Wiedrich said the governor is seeking to generate $10 million in long-term sales by participating.
Wiedrich, like Pietsch, also was enthusiastic about the state's opportunities in biofuels. Boeing and Airbus have both worked with airlines and research groups to come up with long-term, sustainable alternatives to oil. Boeing is interested in biofuel as a means to help stabilize fuel prices and to cut emissions, not as a new business segment, a company official told community leaders in Everett last week.
The state's opportunities in aerospace depend both on its ability to foster a steady supply of workers and to lobby for new business. The council has been focused on boosting education and aerospace training efforts over the past year. Lobbying has been left largely to the Washington Aerospace Partnership, in which Pietsch plays a role.
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CALGARY, ALBERTA--(Marketwire -06/15/12)- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
FLYHT Aerospace Solutions Ltd. (the "Corporation") (FLY.V) today announced BluMont Capital has placed a lead order of $800,000 or four million units for its previously announced non-brokered private placement (press released on May 25, 2012 (http://flyht.com/flyht-aerospace-solutions-ltd-tsx-vfly-announces-2-million-brokered-private-placement-and-2-million-non-brokered-private-placement/) and June 14, 2012 (http://flyht.com/flyht-aerospace-solutions-ltd-tsx-vfly-announces-revised-pricing-for-previously-announced-brokered-and-non-brokered-private-placement/)).
"The corporation is pleased that a long term shareholder supports the efforts FLYHT has made over the past few years and sees the importance in the milestones that have been achieved in recent months," stated Bill Tempany, President and CEO of FLYHT.
"We are very pleased to be the lead $800,000 order for this financing, and that-upon closing of the financing-our participation will take us above the 10% ownership threshold," stated Hugh Cleland of BluMont Capital. "After a two year lull in sales, the successful launch of the AFIRS 228 heralds a new era for FLYHT. With the NetJets deal and the L-3/OEM assembly line deal as strong signs of pent-up industry demand, we believe that this capital is sufficient to allow FLYHT to become a generator of significant free cashflow. We believe that FLYHT is now positioned to grow its installed base to 3,000 planes or higher over our investment horizon, and we are encouraged that at least four other institutions appear to see the same potential we do, investing in this round of financing at a time when capital is difficult to come by for small and microcap companies."
With the recent announcements, the Corporation is excited about the acceptance of FLYHT's solutions by major aviation organizations.
About FLYHT Aerospace Solutions Ltd.
FLYHT provides proprietary technological products and services designed to reduce costs and improve efficiencies in the airline industry. The Company has patented and commercialized three products and associated services currently marketed to airlines, manufacturers and maintenance organizations around the world. Its premier technology, AFIRS UpTime, allows airlines to monitor and manage aircraft operations anywhere, anytime, in real time. If an aircraft encounters an emergency, FLYHT's triggered data streaming mode, FLYHTStream, automatically streams vital data, normally secured in the black box, to designated sites on the ground in real-time. The Company has been publicly traded on the TSX Venture Exchange since 2003 and recently changed its trading symbol from AMA to FLY. Shareholders approved a Company name change from AeroMechanical Services Ltd. to FLYHT Aerospace Solutions Ltd. in May 2012.
AFIRS, UpTime, FLYHT, FLYHTStream and aeroQ are trademarks of FLYHT Aerospace Solutions Ltd.
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