Tag Archives: JetAirliner

Boeing Announces Key Organization, Leadership Changes

CHICAGO, April 21, 2020 announced key organization and leadership changes aimed at driving greater cross-company integration and continuous improvement; aligning enterprise services to current business conditions while increasing value; streamlining senior leadership roles and responsibilities; and preparing now for the post-pandemic industry footprint. The changes are effective May 1.

A newly formed group — Enterprise Operations, Finance & Strategy — will consolidate several important areas, bringing together teams responsible for manufacturing, supply chain and operations, finance, enterprise performance, strategy, enterprise services and administration. Led by Greg Smith, executive vice president, Enterprise Operations, and chief financial officer, this new global organization will embed operational excellence and consistent lean principles across Boeing and its supply chain, and restore production and supply chain health as Boeing and the broader aerospace industry recover from the COVID-19 pandemic.

Corporate Audit will join Smith’s new group and continue to report directly to the Boeing Board of Directors Audit Committee as it does today, providing independent, objective assurance and advisory services to improve company operations.

Jenette Ramos, senior vice president of Manufacturing, Supply Chain & Operations, will bring 34 years of Boeing experience, leadership and operational skills to a special assignment in support of Smith and Boeing President and CEO David Calhoun.

The company also is combining its legal and core compliance programs, including global trade controls, ethics and business conduct, into a single organization led by Brett Gerry, chief legal officer and executive vice president of Global Compliance. This approach will enhance Boeing’s already strong compliance and internal governance program through focused accountability for, and a more integrated approach to, Boeing compliance responsibilities. It also will help the company proactively address new legal and compliance obligations arising from an increasingly complex global regulatory environment. 

To accelerate this important work and to build on the existing strength of its compliance and ethics program, Boeing soon will name a chief compliance officer who will be responsible for leading the company’s compliance, ethics and trade control activities. This person will report to Gerry, with a direct reporting line to Calhoun and the board’s Audit Committee on compliance and ethics issues.

Finally, Boeing Government Operations, led by Executive Vice President Tim Keating, will assume responsibility for the company’s Global Spectrum Management activities, which ensure the safe, efficient and compliant use of radio frequency spectrum in Boeing products and operations.

“I am confident these changes will drive greater alignment among our functions; better equip our commercial, defense and space, and services businesses to deliver on customer commitments in a changing marketplace; and support our continuous efforts to develop talent through challenging leadership assignments,” said Calhoun. “Special thanks to Greg, Brett, Tim and Jenette for taking on new leadership responsibilities.”

Coinciding with these organization changes, Diana Sands, senior vice president of the Office of Internal Governance and Administration, has decided to retire from Boeing later this year after nearly 20 years with the company and following a thorough transition of responsibilities.

“Over the past two decades, Diana has played a key role in developing an industry-leading ethics and compliance program, served in several critical finance roles and been a strong advocate for advancing diversity and inclusion across the company,” said Calhoun. “The Boeing Board of Directors and I are deeply grateful for Diana’s leadership, integrity and dedicated service.”

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Boeing employs more than 160,000 people worldwide and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

Sukhoi SSJ100 Production Facility Celebrates Its 15th Anniversary

On 1 February, SCAC Branch in Komsomolsk-on-Amur (KnAF) turned 15. During the official ceremony held to celebrate the anniversary, a jubilee SSJ100 was handed over to the Flight Test Centre. This aircraft starts the third hundred of jets produced by the company.

“We have put state-of-the-art technologies in Superjet 100, not only concerning aerodynamics, airframe design and systems structure, but also with regard to production. At present, SSJ100 aircraft are operated by airlines and various agencies within the Russian Federation and internationally. As of yet, Superjet 100 is the only brand-new Russian passenger jet produced domestically and certified in our country and abroad,” explained Ravil Khakimov, SCAC’s Director General.

The Ministry of Industry and Trade awarded two engineers and one technician of KnAF with Certificates of Appreciation.

As stated by Sergey Denisenko, Minister of Industry of the Khabarovsk Krai, “Komsomolsk-on-Amur Branch is Russia’s unique production facility. The principles of quick improvements are implied here. KnAF is one of the largest and the most advanced machine-building enterprises in the Khabarovsk Krai.”

“Nowadays one third of all globally-produced 100-seaters are manufactured in Komsomolsk-on-Amur. For our employees, we’ve made habitual a lot of best practices in the sphere of production – Kaizen culture, Kanban and QPDCA methodology, and the Gemba principle. We value commitment of each employee to his work,” said KnAF Director Andrey Soynov.

To date, the total flight time of SSJ100 fleet is more than 700 thousand hours. Superjets in operation have performed about 450 thousand take-offs and landings.

Airbus provides update on March commercial aircraft orders & deliveries and adapts production rates in COVID-19 environment

Business impacted by COVID-19 pandemic


● 21 net orders and 36 deliveries in March 2020
● 290 net orders and 122 deliveries in Q1 2020
● Production rates revised downwards adapting to new market environment
Toulouse, 8 April 2020 – After a solid commercial and industrial performance at the beginning of the year, Airbus (stock exchange symbol: AIR) is now revising its production rates downwards to adapt to the new Coronavirus market environment.
In Q1 2020, Airbus booked 290 net commercial aircraft orders and delivered 122 aircraft.

A further 60 aircraft were produced during the quarter, highlighting the solid industrial
performance, however they remain undelivered due to the evolving COVID-19 pandemic.

36 aircraft were delivered in March across the different aircraft families, down from 55 in February 2020. This reflects customer requests to defer deliveries, as well as other factors related to the ongoing COVID-19 pandemic.

The new average production rates going forward have been set as follows:


A320 to rate 40 per month
● A330 to rate 2 per month
● A350 to rate 6 per month

This represents a reduction of the pre-coronavirus average rates of roughly one third.

With these new rates, Airbus preserves its ability to meet customer demand while protecting its ability to further adapt as the global market evolves.

Airbus is working in coordination with its social partners to define the most appropriate social measures to adapt to this new and evolving situation. Airbus is also addressing a short-term cash containment plan as well as its longer-term cost structure.

“The impact of this pandemic is unprecedented. At Airbus, protecting our people and supporting the fight against the virus are our chief priorities at this time.

We are in constant dialogue with our customers and supply chain partners as we are all going through these difficult times together”, said Airbus Chief Executive Officer Guillaume Faury.

“Our airline customers are heavily impacted by the COVID-19 crisis. We are actively adapting our production to their new situation and working on operational and financial mitigation measures to face reality.”

In its effort to support the fight against the COVID-19, Airbus has carried out extensive work in coordination with social partners to ensure the health and safety of its employees.

This has been achieved by implementing new stringent work standards and processes. Airbus is contributing to the development, sourcing and ferrying of medical equipment, including facemasks and ventilators, in support of medical health services

Rolls-Royce Holdings Plc 2019 Full Year Results

Warren East, Chief Executive commented: “After a challenging first half, we had a good end to 2019, delivering 25% growth in full year underlying operating profit and an encouraging level of free cash flow. Our restructuring efforts gained momentum, with run-rate cost savings of £269m. Civil Aerospace improved its underlying profit significantly, with record engine deliveries, good aftermarket performance and improved OE unit losses. We made further progress on the Trent 1000; cash costs are in line with guidance. We remain on target to reduce aircraft on ground to single digits by the end of Q2 2020.

We continued to invest significantly in R&D and took important steps towards becoming a leader in low carbon technologies.

We grew our electrical capabilities with the acquisitions of Siemens’ eAircraft business and a majority stake in Qinous, as well as developing new in-house hybrid-electric solutions.”

  • Strong 2019 underlying operating profit driving FCF; reinforcing our confidence for 2020
  • Good end to 2019: strong Civil Aerospace aftermarket; better Power Systems trading in Q4
  • Underlying core operating profit up 25% to £810m; reported group operating loss £(852)m
  • Core FCF £911m led by higher profit and reflecting £173m Trent 1000 insurance receipts
  • £0.5bn improvement in net cash* position to £1.4bn; gross debt reduced by £1.1bn
  • Trent 1000 in-service cash costs £578m; £1.4bn exceptional charge in 2019 results
  • Trent 1000 guidance unchanged from November trading update
  • Record widebody engine deliveries; 14% lower OE unit loss; 64% share of new orders
  • Defence: record £5.3bn order intake driving 26% order book growth and healthy cash flow
  • Power Systems: revenue up 4% & operating margin +90bps despite market challenges
  • 2020: underlying operating profit up ~15%; at least £1bn FCF; excl. any material COVID-19 impact
  • Remain confident in mid-term target of at least £1 per share of FCF (>£1.9bn FCF)

COMMENTING ON ROLLS-ROYCE PLC’S ACTIVITIES IN AFRICA, PATRICK REGIS, PRESIDENT FOR AFRICA & MIDDLE EAST, SAID:

“Africa is entering a new era buoyed by the promise of free trade, open skies and resilient growth.  Home to the world’s fastest-growing aviation market and set to influence the shape of global energy trends, Africa is in a unique position to pursue innovative clean energy technologies.  As we enter this new decade, we are focused on growing our presence across the continent and partnering with Africa’s dynamic and forward-looking policymakers, investors and industry leaders to help close the deficit in electrification and support a more sustainable industry powered by innovation and collaboration.”

ROLL-ROYCE CIVIL AEROSPACE DIVISION – AFRICA – OPERATIONAL UPDATE

In 2019:

·        We delivered 17 aircraft, with entry into service:

o   Air Senegal – 2x A330neo

o   Air Mauritius – 2x A330neo

o   Egyptair – 6x Boeing 787 Dreamliners

o   SAA – 2 x A350

•       We have 75 aircraft in service and 35 on order

•       Our average fleet age is 5.2 year in service

•       Total number of Customers: 20 in 14 countries   

•       Market share of widebody passenger aircraft in service is 50%

•       Market share of widebody passenger aircraft backlog is 100%

What to expect in 2020

•       Entry into Service:

o   Uganda Airlines x2 A330neo

o   Ethiopian x 2 A350

o   Rwandair x 2 A330neo

SAA Airbus A350

2019 FULL YEAR GROUP HIGHLIGHTS

Financial:

  • Both Group and core underlying operating profit increased 25% to £808m and £810m respectively; led by a £195m organic improvement in Civil Aerospace underlying operating profit to £44m and underlying profit growth in Power Systems of 15% following better Q4 trading
  • Strong Group free cash flow (FCF) of £873m (2018: £568m) and core FCF £911m (2018: £648m), driven by improved underlying operating profit and Civil aftermarket cash margin; £578m Trent 1000 in-service cash costs partly offset by £173m insurance receipt
  • FCF before working capital movement (inventory, receivables & payables), insurance receipts and Trent 1000 costs was £747m, 79% higher than the prior year (2018: £418m)
  • Trent 1000 exceptional programme charge of £1,361m consistent with our November trading statement, driving reported operating loss of £(852)m (2018: £(1,161)m)
  • Core R&D cash spend increased modestly to £1,108m; good progress on electrical strategy including acquisition of Siemens’ eAircraft business and strengthening of hybrid capabilities in Power Systems; small modular reactor (SMR) development progressing following UK Government matched funding; investment in future opportunities in Defence (Tempest, Future Vertical Lift, B-52)
  • Net cash excluding lease liabilities improved to £1,361m (2018: £840m); gross debt £1.1bn lower

Operational:

  • Civil Aerospace: record 510 widebody engines delivered; further progress in reducing average widebody OE loss, down 14% to £1.2m; 6% growth in large engine installed fleet to 5,029 with engine flying hour growth of 7%. Widebody market share of 64% achieved on new orders in 2019
  • Power Systems: revenues up 4%; strong power generation growth and market share gains in Asia; increased services penetration; underlying operating profit margin up 90bps to 10.1%
  • Defence: excellent performance in 2019 on both orders and cash flow; record order intake of £5.3bn and book-to-bill ratio of 1.6x driving healthy cash flow; 499 aero engines delivered
  • ITP Aero: good underlying revenue growth of 21% and strong profit growth to £111m
  • Restructuring plan on track; 2,900 cumulative headcount reduction with run rate cost savings of £269m achieved since the programme commenced in June 2018

Civil Aerospace in-service performance:

  • Trent XWB now our second largest installed fleet; leading engines now in their fifth year in service. Fleet leader has flown over 22,000 hours without a shop visit; Trent XWB-84 OE deficit reduced by over 20% in 2019 and remains on track to reach breakeven by the end of 2020
  • Trent 1000: roll-out of technical fixes progressing well, further actions underway to reduce customer disruption; in-service cash costs unchanged at £2.4bn across 2017-23. AOG reduction to single-digit by end of Q2 2020, unchanged since November update
  • Design progressing on track for the improved Trent 1000 TEN high pressure turbine (HPT) blade, the last major issue to resolve; certification of this component still expected in the first half of 2021

Market environment: mid-term ambition of £1 FCF per share remains supported

  • Updated widebody engine delivery expectations of 450 in 2020 and 400-450 per year over the mid-term, following previously announced airframer build rate reductions
  • Despite challenges in certain Power Systems end markets, growth expected to continue led by mission-critical power generation, rising services penetration and further geographical expansion
  • Defence targeting a number of attractive mid-term growth opportunities, particularly in the US where we are well positioned
  • The outbreak of COVID-19 represents a macro risk and is likely to have an impact on air traffic growth in the near term; however long term growth trends remain intact

Virgin Atlantic -to start daily flight service to Cape Town in October 2020

Winter sunseekers can head down to South Africa on our new daily service flying from London Heathrow on a 787-9 aircraft.

The new service launches on 25th October and will complement our existing daily A350 service between London Heathrow and Johannesburg. The VS478 will operate as a night flight departing Heathrow at 16:20 arriving into Cape Town at 05:55 whereas the inbound, the VS479, will depart at 08:00 landing later that day at 18:00. Return Economy fares start from £713 per person.

“2020 is an extremely exciting year of continued growth for Virgin Atlantic,” said our chief commercial officer Juha Jarvinen.

“We’re delighted to be flying to Cape Town again, and we’re expecting a high proportion of leisure travellers on this route, taking advantage of the winter sun, the safaris and of course, the world-famous wine region.”

You can book your place on our service from 18th February 2020, which gives you plenty of time to start planning your next trip.

If you need some inspiration, we’ve rounded up our favourite reasons to visit the Mother City, from the world renowned wine farms of the Constantia region to the challenge of hiking up Table Mountain. We’re already counting down the days.

Cape Town, South Africa

We look forward to seeing one of Virgin Atlantic Boeing 787s and Airbus A350 airliners touching down at Cape Town International Airport in October!

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