The dynamism of today’s airliner leasing business was illustrated earlier this year by the creation by German investment company Doric GmbH of a separate entity, Doric Lease Corp. (DLC), to manage the assets.
Richard Aboulafia, vice president of analysis at the Teal Group of Fairfax, Virginia, wonders whether Emirates has bitten off more than it can chew with the A380. The lack of operating lessors is an indication of a weak-to-nonexistent secondary market. And Emirates’ insistence on low average fleet age–a year ago, its strategy officials were aiming for under six years–means that the airline could have to start offloading its earliest A380 components in the fleet as soon as next year.
The spectacular rise of Emirates and its Gulf rivals confounded the expectations of mature carriers in the U.S. and Europe. These fifth- and sixth-freedom carriers have limitless ambitions and enjoy the revenues won through hydrocarbon abundance to back them up. But personalities have also played a role and one thing is sure: the Ruler of Dubai has made himself a pivotal player on the world’s aviation stage.
The European Aviation Safety Agency (EASA) issued an airworthiness directive requiring inspections and possibly modifications to the Airbus A380, stating that cracks discovered during fatigue testing could “reduce the structural integrity of the wing.”
AJ Walter Aviation (AJW) is extending its capabilities to provide fleet technical management by partnering with Camo4jets, a Basel-based aircraft maintenance control company.
The failure of some Stage-2 high-pressure turbine (HPT) nozzles triggered the uncommanded shutdown of an Engine Alliance GP7200 turbofan on an Emirates Airline A380 in November last year, according to the findings of an investigation by the Australian Transport Safety Bureau (ATSB).
The Australian Transport Safety Bureau (ATSB) released a training video highlighting some near catastrophes that occurred after experienced pilots incorrectly entered takeoff data in the flight management computer aboard large airline aircraft, including a Boeing 747 and 767 and an Airbus A340.
AAR has signed an agreement with the Chennault International Airport Authority to open its sixth North American aircraft maintenance, repair and overhaul (MRO) facility in Lake Charles, La., at Chennault International Airport. AAR will occupy approximately 520,000 sq ft of MRO service and administrative space at the facility and will be capable of supporting maintenance operations for all widebodies.
The Australian Transport Safety Bureau (ATSB) on June 27 released the final report of its investigation into an uncontained engine failure aboard a Qantas Airbus A380 in November 2010 just after departure from Singapore.
Boeing got another big boost for its widebody lineup here yesterday when Korean Air committed to another five 747-8Is and six 777-300ERs worth $3.6 billion at list prices. Also a customer for the Airbus A380, Korean has now signaled its intention to place a second order for the superjumbo’s competitor, production of which Boeing recently cut from two airplanes to 1.75 per month. Boeing holds firm orders for just 40 Intercontinentals and 65 freighters.