A series of new deals involving customers from the Middle East and the Indian subcontinent have fattened Honeywell Aerospace’s already substantial order book. Here at the Dubai Airshow this week, the U.S. group (Stand A470) expects to announce some $500 million worth of new business, anchored by contracts involving some of Dubai’s closest neighbors.
Avions de Transport Regional (ATR) is a little over a year away from completing certification of the new -600 version of its ATR 72 twin turboprop, with the smaller ATR 42-600 due to follow just a few months later in early 2011. Despite the slow sales environment in the air transport sector, the European airframer has been able to log 54 orders for the 70-seat ATR 72 and seven for the 50-seat ATR 42 from eight customers in seven countries.
ATR took in record revenues of $1.3 billion in 2008 and says that despite the financial crisis it will top that figure this year. John Moore, the company’s senior vice president commercial, told AIN that when Toulouse, France-based ATR made predictions at the beginning of last year, the 2009 market conditions were “not expected by anybody.”
India’s Kingfisher Airlines announced it will launch its first international service on September 3 between Bangalore and London Heathrow Airport. Kingfisher will serve the route with a new Airbus A330-200, the first of 10 on which it holds delivery positions. Indian law requires that an airline operate domestically for five years before authorities consider it for an international air transport license.
Epic Aircraft continues development of its all-composite turboprop singles and very light jets, though without the $200 million in funding Indian billionaire Dr. Vijay Mallya pledged last September at the NBAA Convention.
India’s fast-growing Kingfisher Airlines has selected Honeywell to provide 131-9A auxiliary power units for its Airbus A320s, as well as a program for their maintenance. The airline also selected Honeywell to provide the full suite of avionics for its A320, A330 and A340 aircraft.
India appears to have ruled out any early prospect of increased international competition among its airlines. The move will disappoint recent start-up operators looking for a relaxation of current policy that bars Indian carriers with less than five years’ experience from international routes.
India’s fast-growing Kingfisher Airlines took delivery of its seventeenth ATR 72-500 last month. The Bangalore-based carrier holds a firm contract for 35 of the twin turboprops, all equipped with ATR’s “Elegance” cabin.
Flush with a $200 million cash infusion from Indian billionaire Vijay Mallya and a $170 million order book, turboprop and VLJ maker Epic Aircraft announced that it is in initial talks with Airbus on a technology- and knowledge-sharing agreement. However, Epic CEO Rick Schrameck backed away from a statement he made on Tuesday that the value of the Airbus alliance would equal or exceed Mallya’s investment in the company.
Flush with a $200 million cash infusion from Indian billionaire Vijay Mallya and a $170 million order book, turboprop and very light jet maker Epic Aircraft announced today at the NBAA Convention that it is in initial talks with EADS unit Airbus Industries on a technology- and knowledge-sharing agreement.