Japan’s Sumitomo Mitsui Bank (SMBC) beat more than 30 other bidders to complete the acquisition of RBS Aviation Capital on October 15, demonstrating the growing importance of leasing in new-airliner acquisitions. The bank’s new SMBC Aviation division intends to merge two other leasing companies owned by its shareholders to challenge for the number-three position in the leasing sector, controlling some 331 aircraft.
AIN Air Transport Perspective » October 22, 2012
Airbus might have to seriously consider alternative means of financing development of the A350 if the German government withholds loans of €600 million ($787 million) for the project, as reported in the German press. Airbus won’t comment, nor will German government officials, but any such development would force parent company EADS to defer to its plan to use its own funds rather than accept political influence over its decisions on work share or production locations.
As oil and gas wells overflow in Kazakhstan, Air Astana–the national carrier of the newly enriched former Soviet republic–is looking deep into Asia to expand its network. Its inclusion on the European Union blacklist, which frustrates its ambitions to expand west, lies at the heart of its strategy. Air Astana’s discussions over a code-share partnership with Royal Jordanian, which follows an analogous strategy, is no coincidence.
The Thales-supplied tower ATC system chosen for the upcoming data communications trial at Memphis International Airport will, when active, become the first such product from the French aerospace and defense group ever to operate in the U.S. The automation system and controller display interface, used for managing aircraft on the airport surface, forms part of an integrated air traffic management system widely used outside the U.S. called TopSky.
CFM, the 50/50 joint venture between GE and Snecma, has embarked on a “major” risk-abatement plan to ensure a smooth production transition from its CFM56 to the new Leap-1A, B and C engines, chosen to power, respectively, the Airbus A320neo, the Boeing 737 Max and the Comac C919 single-aisle airliners. “Transitioning from 1,600 engines per year to the same output of another type in two years, this is something the industry has never done before,” François Harant, Snecma’s supply chain director, told AIN.