CFM International announced on the eve of the show that it had closed the sale of Leap-1A engines to Pegasus Airlines for its Airbus A320neo/A321neo orders. The Snecma-GE joint venture also gave an update on Leap-1A testing. Separately, the French state has announced a divestiture of at least 3.6 percent of shares in Safran (Snecma’s parent company).
Here at the Dubai Airshow Swedish knowledge-management solution specialist Web Manuals (Stand 2715) has launched the latest iteration of its cloud-based document-digitization application. Known as Web Manuals 4 Draken, the new version introduces a range of features that improve content editing and a document ribbon workflow that eases the authoring and publication of manuals.
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.
Egypt’s Nesma Airlines, which operates two leased Airbus A320-200s, has announced a change of lubricant manufacturer as it seeks to combat the hot desert conditions involved in flying in the Middle East.
Three years ago, Nesma started using Air BP Lubricants’s High Performance Capable Turbine Oil 2197. According to Air BP Lubricants, “The recommendation to switch oils came from the aircraft’s former operator, who had previously experienced the added benefits of using BPTO 2197 in other aircraft.”
Mubadala, Abu Dhabi’s investment diversification catalyst, will launch a new combined Aerospace, Communications Technology and Defense Services (ACTDS) portfolio, a merger of business units designed to maximize intra-unit synergies, at this year’s Dubai Airshow.
Some 21 businesses in the ACTDS portfolio incorporate international industry leaders and emerging domestic players with more than 10,000 global employees. Together, the ACTDS businesses contributed almost 40 percent of Mubadala’s revenues in the first half of its 2013 fiscal year.
Rolls Royce (Stand 1845) celebrated last week the completion of the 1,500th AE 2100 engine, destined for installation on a Lockheed Martin C-130J and scheduled for delivery to the U.S. Air Force next year. The engine is manufactured and assembled at the company’s Indianapolis, Indiana facility. More than 300 of the four-engined C-130J military transports have been delivered or are on order to customers in 15 countries, according to Rolls-Royce. The company’s firm and announced order book stood at over $110 billion on June 30, 2013.
Saudi Arabia’s MRO players are seasoned operators. Alsalam Aircraft Co. (Stand 1718) is one of the two or three leading players in the kingdom and a pioneer in aircraft maintenance, modification and technical support in the Middle East. It carries out corporate, VIP and military work for customers worldwide.
Honeywell Aerospace has signed two dealership agreements with Middle East-based companies to improve business and general aviation operators’ access to sales and services, the company announced.
Students of human psychology need look no further than the fable of the tortoise and the hare to understand the situation today in the region’s leasing sector. In the waning years of the boom, a number of new entrants made valiant plays, but some appear to have had to pause to reconsider. Despite the aviation boom in the Middle East, few new major regional entrants into this esoteric business have come into existence and, of those that have, the 2008 bust clearly had a major negative impact.