GE Aviation’s Flight Efficiency Services division is using big data techniques to help airlines to improve their profit margins with a particular focus on reducing fuel burn. “Fuel accounts for 40 percent of airline costs with around $215 billion spent on this each year,” said general manager Giovanni Spitale. “GE thinks that if machines can talk to each other using the industrial internet [a term coined by GE] we can make better sense of that [fuel consumption].”
In less than two months from now, the Aircraft Tracking Task Force (AATF), set up in May under the auspices of the International Air Transport Association (IATA) and the International Civil Aviation Organization (ICAO), is due present an interim report widely regarded by the industry as a key first step to avoid a repeat of a situation that continues to baffle and gravely concern the industry, namely: how on earth could a Malaysia Airlines Boeing 777 completely vanish on a flight from Kuala Lumpur to Beijing.
Day one of the 2014 Farnborough International Airshow proved to be a lucrative one for just about all manufacturers of airliners and the engines that power them. An approximate estimate of business announced here yesterday quickly topped $50 billion.
Established trends in predicted long-term jetliner requirements will likely continue with little change to the market breakdown by aircraft size, according to latest Boeing 20-year forecast statistics, which were unveiled in London on the eve of the 2014 Farnborough Airshow. Overall, the U.S.
Recognizing its potential to become a major industry player, China is finally moving toward greater liberalization of its aviation sector. The announcement followed on the heels of the Third Plenary Session held in November 2013. It was during this time that China’s new leaders, alongside the Civil Aviation Administration of China (CAAC), committed to a series of reforms geared to loosen the regulatory grip that has significantly hindered industry growth. Now, eight months later, signs of change are on the horizon.
The number of training programs preparing flight crews for the new multi-crew pilot license (MPL) continues to multiply. Before year-end, there will likely be 30 or more active MPL programs around the world with well over 3,000 cadets in the pipeline.
The MPL is intended as a competency-based training license focused on preparing new pilots to become airline first officers. Guidance for the MPL was published by the International Civil Aviation Organization (ICAO) in 2006.
This week’s Farnborough International Airshow promises to be another busy one for dealmakers like Michael Richter, managing director and head of aerospace and defense with investment bank Lazard. Even compared with the periods around the 2012 Farnborough show and the 2013 Paris Air Show, he sees rising levels of mergers and acquisitions (M&A) activity in the commercial aerospace sector. He also anticipates some degree of recovery in defense industry M&A activity, reversing a period of relative inactivity in a sector that has been impacted by uncertainty over military budgets.
Analysts expect established trends in predicted long-term jetliner requirements to continue, with little change to the market breakdown by aircraft size, according to the latest Boeing 20-year forecast statistics, unveiled in London on July 10.
With India’s airlines still mired in losses, the country’s new budget, announced on July 11, did little to address some of the aviation industry’s most pressing concerns. It offered nothing on reforms in taxation on aviation fuel and maintenance, repair and overhaul—long issues of contention the aviation industry hoped India’s new government would address.
The mergers and acquisitions (M&A) tide is still rising in the commercial aerospace sector, according to Michael Richter, managing director and head of aerospace and defense with investment bank Lazard.