GOL Concludes Distribution of VRG Linhas Aereas S.A. Non-convertible Debentures
May 27, 2009
SAO PAULO, May 27 /PRNewswire-FirstCall/ — GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL; Bovespa: GOLL4), Latin America’s biggest low-cost airline and the controlling shareholder of the Brazilian Airline VRG Linhas Aereas S.A. (“VRG”), announced today the distribution of VRG’s 3rd series of secured non- convertible debentures (“Debentures”) in the amount of R$ 400 million.
The Debentures were distributed in Brazil only, exclusively to qualified investors, pursuant to Instruction 476 issued by the Brazilian Securities and Exchange Commission (CVM) on January 16, 2009 (CVM Instruction 476).
The issue was undertaken in a single series of R$ 400 million, partially secured by the fiduciary sale of receivables.
The Debentures will pay 126.50% of the Brazilian CDI rate and will be amortized in 18 consecutive monthly payments, with a 6-month grace period, beginning in the 7th month after the issue date, and mature on May 13, 2011. The issuer may redeem the Debentures at any moment at its own discretion.
“This operation is part of the reconstruction of the Company’s cash position, aimed at achieving cash and cash equivalents of R$ 800 million by the close of 2009,” declared GOL’s Chief Financial and Investor Relations Officer, Leonardo Pereira.
The American Institute of Aeronautics and Astronautics (AIAA) congratulates J. Randolph “Randy” Babbitt on his confirmation by the United States Senate as Administrator of the Federal Aviation Administration
May 27, 2009
AIAA President Dave Thompson commented,“Randy Babbitt’s years as a commercial airline pilot, his past leadership of the Air Line Pilots Association, International, and his years as an aviation consultant, have given him the knowledge necessary to be an outstanding FAA Administrator—he understands, first hand, the critical issues which face the American commercial aviation sector, and is well positioned to lead the FAA as it carries out initiatives such as establishing the next generation of air traffic control technology, continually striving to advance the quality of air safety for all pilots, passengers, and crew, while working with the aerospace industry to produce more fuel-efficient, ‘green’ technology. The Institute looks forward to Babbitt’s leadership.”
Babbitt has been involved in aviation policymaking for several years. Beginning his career as a commercial airline pilot for Eastern Air Lines, he is a former president of the Air Line Pilots Association, International, the world’s largest pilot union, and is the founder and former president of Eclat Consulting, which provides strategic, analytical, and financial expertise for regulatory, legislative, and business initiatives in aviation. Babbitt most recently was a partner in the aviation practice of the international management consulting firm Oliver Wyman. He has also served on several governmental panels studying the ways in which air safety can be advanced.
Babbitt becomes the FAA’s 16thadministrator.
AIAA is the world’s largest technical society dedicated to the global aerospace profession. With more than 35,000 individual members worldwide, and 90 corporate members, AIAA brings together industry, academia, and government to advance engineering and science in aviation, space, and defense.
Embraer Delivers 100th Super Tucano Aircraft
May 26, 2009
Caption: Frederico Fleury Curado (right), Embraer President & CEO, and Air Force General Juniti Saito, Aeronautics Commander, during the delivery ceremony of the 100th Super Tucano, on May 26.
Brazilian Air Force receives this advanced training and light attack airplane
São José dos Campos, May 26, 2009 –
Embraer delivered the 100th Super Tucano aircraft, today, at the Company’s
headquarters in São José dos Campos, State of São Paulo, Brazil. The Brazilian Air Force
(Força Aérea Brasileira – FAB) established the technical-operational requisites for this
advanced turboprop, designated as the A-29 by the FAB, which has ordered 99 aircraft,
and now receives this commemorative unit.
“We are proud to deliver the 100th aircraft specifically to the FAB, which was the first to operate
the Super Tucano,” said Orlando José Ferreira Neto, Embraer Executive Vice President, Defense
Market. “The FAB’s ability to establish challenging requisites that reflect real operating
conditions was of paramount importance to our development of such a successful airplane. As a
result, the Super Tucano offers the market’s best solution for more efficient tactical training, and
the best operational adaptation, by incorporating leading edge technologies.”
Out of a total of 169 units sold, so far, Embraer has orders from the Air Forces of Chile, the
Dominican Republic, and Ecuador. The Super Tucano currently operates successfully with the
Brazilian and Colombian Air Forces on air space surveillance and operational missions.
The Super Tucano, in its single- and two-seat versions, entered service with the FAB in
December 2003, to be used both to train pilots and to fly operational missions. This flexibility
makes the Super Tucano the only aircraft in production, in the world, that is capable of handling
advanced pilot training, surveillance, and counter-insurgency missions, including at night, with
the aid of night-vision goggles, and electro-optical and infra-red sensors. It also operates on
rustic airfields and with a wide variety of qualified external load configurations.
Atlantis Signs Contract With CAE as Part of the Government of Canada C-130J Aircrew Training Program
May 26, 2009
Contract to design and manufacture the C-130J Flight Training Device under OTSP program
TORONTO, ONTARIO–(Marketwire – May 22, 2009) – Atlantis Systems Corp. (TSX:AIQ) announced today that, through it’s subsidiary Atlantis Systems International (ASI) it has signed a contract with CAE to design and manufacture a C-130J Flight Training Device as part of the Government of Canada C-130J aircrew training program.
Atlantis Systems International is part of the pan-Canadian team led by CAE, which won a contract to provide the training systems and services for Canada’s tactical airlift, medium-to-heavy helicopter, and potentially other aircraft fleets.
“We are pleased to partner with CAE and the other team members in the OTSP program” said Henrik Noesgaard, Chief Executive Officer, Atlantis Systems Corp. “This achievement validates our strategy of focusing on strategic customer relationship in the continued development of our business. In addition, it builds on the momentum created earlier in the year with our announcements of additional new business in the first quarter of 2009.”
“Atlantis will be complementing our team with its experience in flight training devices, ” says Martin Gagne, Group President, Military Products, Training & Services, CAE. “Together, we will play a key role in preparing our Canadian Forces to be mission ready.”
About Atlantis Systems Corp.
Atlantis Systems (TSX:AIQ) uses its core capabilities in simulation-aided design and engineering and e-learning, combined with various technology tools, to help customers in military aviation, civil aviation and nuclear energy ensure the feasibility, capability, and effective utilization of their complex assets. In more than 30 years of operation, Atlantis has developed a solid reputation for its creative workforce and innovative solutions in supporting global OEM customers and defence organizations.
Mitsubishi on target for 2013 delivery of first MRJ
May 22, 2009
Mitsubishi Aircraft Corp. is on schedule to deliver the first MRJ90 by 2013 to launch customer ANA, which has firm orders for 25, Executive VP Junichi Mizakawi said at the Regional Airline Assn. conference in Salt Lake City.
The company completed its preliminary design review in April with critical review scheduled to be finished by year end. First flight is anticipated in 2011.
Mizakawi said Mitsubishi, which is offering a 70-seat MRJ70 along with the 90-seat model, remains committed to both types. This week, Sukhoi International said it likely would not move ahead with its 75-seat Superjet owing to scant market interest. Mitsubishi will be able to offer a stretch version up to 112 seats but not beyond, Mizakawi said: “That product won’t go to the 120-seat range.”
The MRJ70s/90s are targeted at specific markets for growth or replacement of 50-seat RJs or older Fokker and BAe 146 aircraft, he said. A cabin mockup complete with newly engineered, lightweight seating is on display at the RAA event.
Commenting on selection of the PW1000G engine for the MRJ, Mizakawi said, “It was a very tough decision for us to make. We had good proposals from every engine company.”
Fault on Embraer 170 leads to actuator redesign
May 22, 2009
Actuators used to move the wing slats on Embraer 170s have been redesigned as a consequence of a fault discovered by airline operators in Australia and overseas.
The Australian Transport Safety Bureau (ATSB) says in a statement that since the fault has been discovered the slat actuator manufacturer has initiated a redesign of the actuator “to reduce torque trip and limiter engagement”.
Meanwhile, “the aircraft manufacturer has issued a new fault isolation task to address the fault and stop recurrence, it says.
The ATSB and Australian carrier Virgin Blue discovered the fault last year.
The bureau says on 10 August a Virgin Blue E-170, local registration VH-ZHA, was operating from Sydney to Melbourne with six crew and 54 passengers on board.
“During the approach into Melbourne, the flight crew selected the flaps to ‘flaps 1’ [but] when the selection was made, a number of caution messages including ‘slat fail’, ‘spoiler fault’, ‘aircraft operating angle of attack limit fail’ and ‘shaker anticipated’ appeared.”
“The flaps were cycled up and down, again with the caution messages reappearing.”
It says the pilots eventually landed the aircraft and an examination on the ground by the airline’s engineers “identified a slat jammed/under speed fault.”
“The appropriate fault isolation manual task was completed and it was found that the left side number-3 slat actuator torque trip limiter had actuated.”
The documentation “revealed that this usually occurs when the slats are operated in extremely cold conditions”.
It adds, the airline operator then contacted another E-170 operator overseas, that uses E-170s in cold climates, and that overseas operator “informed the operator of VH-ZHA that they experienced slat/flap failures weekly and at times daily.”
Air France e Delta fazem joint venture
May 22, 2009
A Air France-KLM e a Delta Air Lines acertaram ontem a criação de uma joint venture transatlântica que combinará quase um quinto das operações dos dois grupos, tornando-os a presença mais poderosa sobre o Atlântico Norte, o maior mercado mundial de voos de longa distância.
As duas companhias têm sido protagonistas no processo de consolidação da indústria aérea , mais recentemente com a aquisição da Northwest pela Delta no ano passado. A joint venture é o passo seguinte no processo de aprofundamento da aliança entre as empresas líderes da Europa e da América do Norte e responde por cerca de 25% de toda a capacidade ofertada em rotas entre a Europa e as Américas. Além disso, a parceria terá receita superior a US$ 12 bilhões. Os voos sobre o Atlântico Norte representam o maior mercado de viagens aéreas inter-regionais e responde por 27% de todo o tráfego aéreo de longa distância global.
A associação não envolve a criação de nenhuma holding com participação cruzada entre as empresas e se dará por meio de um acordo comercial de longo prazo, que permitirá às companhias operar como um único grupo sobre o Atlântico Norte. Elas dividirão à metade receitas, lucros e prejuízos.
As duas companhias aéreas têm imunidade antitruste concedida pelas autoridades americanas, o que permite que elas combinem legalmente suas malhas de voo e capacidade, os preços e as vendas – principalmente aquelas voltadas para clientes corporativos.
A joint venture ainda está sendo analisada pelos órgãos europeus de defesa concorrência, mas tanto a Air France-KLM quanto a Delta disseram estar confiantes no processo de convencimento dessas autoridades sobre as vantagens do negócio para os consumidores.
A Lufthansa já tem imunidade antitruste por parte das autoridades americanas para formar uma joint venture transatlântica com a United Airlines e com a Air Canada – as três fazem parte da Star Alliance, a quem a americana Continental também pretende se juntar. Mas elas ainda não foram tão ambiciosas como a Air France-KLM e a Delta na preparação para dividir lucros e perdas, bem como receitas.
Pierre-Henri Gourgeon, o principal executivo da Air France-KLM, disse que a joint venture com a Delta vai criar sinergias de custos e receitas em torno de US$ 300 milhões, o que deve ser dividido igualmente entre as duas. A associação será regida por um contrato de longo prazo que só pode ser quebrado após um período inicial de dez anos e aviso prévio com três anos de antecedência.
Embraer sells 20 E190s to Argentine state carrier
May 22, 2009
Embraer is selling 20 E190 jets to Argentine carrier Austral Lineas Aereas for $700 million – marking the first time E-jets will operate in the country.
Brazilian state bank BNDES is financing 85% of the purchase. The first jet will be delivered in the first half of 2010.
Austral is a subsidiary of Aerolineas Argentinas, Argentina’s state carrier, which was nationalised last year owing to problems over cancellations and strikes. Argentine President Cristina Fernandez said the deal restored some national pride. Prior to yesterday’s deal with Embraer, the airline had not bought any aircraft for 16 years.
“We are very proud to premier our E-jets in Argentina and participate in the renovation of the fleet of this internationally renowned airline,” said Embraer executive vice president, airline market Mauro Kern.
The jets will be the AR (advanced range), with a range of up 2,400 nautical miles.
Austral will use the aircraft to expand its domestic footprint and to potentially open new markets in South America.
The deal comes as Embraer and the Argentine government signed a memorandum of understanding (MoU) in support of the development of Area Material Corboda (AMC) for the purpose of supplying services and parts for Embraer aircraft.
Embraer’s first quarter profits plunged by 75% and in March the Brazilian manufacturer revised down its delivery estimate for 2009 and said it will cut 20% of its global workforce. Embraer said the deal with Austral will help with efforts to minimise job cuts.
Recently published figures from IATA show that the market for business jets continues to suffer amid the global recession.
C-295M en Portugal
May 22, 2009
Tras ser oficialmente recibido por el ministro da Defesa luso es una ceremonia celebrada el 18 de noviembre de 2008 en las instalaciones de Airbus Military en Madrid, la Força Aérea Portuguesa (FAP) incorporó las tres primeras unidades del C-295M, que presentó oficialmente. Hasta finales de 2010 se entregará uno cada seis semanas, que serán operados por la Escuadra 502 Elefantes en la Base Aérea Nº 6 de Montijo, sustituyendo progresivamente a C212-100 Aviocar y C212-300 Patrullero, con un destacamento de dos aviones en las Azores y otro de una en Madeira. De los doce C295M adquiridos mediante un contrato de 275 millones de euros celebrado en febrero de 2006 entre DEFAERLOC-Locação de Aeronaves Militares y Airbus Military, siete están configurados para transporte táctico y general y evacuación sanitaria y cinco para búsqueda y salvamento o SAR (Search And Rescue), vigilancia marítima y fotografía aérea. Se compraron bajo la Ley de Programación Militar (LPM), elegidos frente al C-27J Spartan de la italiana Alenia Aeronautica, del grupo Finmeccanica. En la versión de transporte, los C-295M de la FAP utilizan dos motores PW 127G con sistema de navegación Northrop Grumman AN/APN-241 y de guerra electrónica Elisra Electronic Systems PAWS (Passive Approach Warning System) 1. Algunas de las aeronaves de vigilancia marítima están específicamente equipadas con el sistema de misión FITS (Fully Integrated Tactical System), con el detección marítima EL/M 2022A de Elya Systems y el de vigilancia Medusa de la alemana Optimare Sensorsysteme (Victor M. S. Barreira, corresponsal de Grupo Edefa en Portugal).
Sistema de aviação do Brasil é bem avaliado em teste da OACI (ICAO)
May 22, 2009
A auditoria da ICAO realizada entre os dias 4 e 15 de Maio, foi a primeira desde a crise aérea brasileira, em 2006/2007. Os 87,3 pontos obtidos pelo Brasil – atribuídos pelo atendimento às regras de conformidade com as normas da Icao – colocaram a aviação civil brasileira atrás apenas da Coreia do Sul, do Canadá, da França e dos Estados Unidos. Foram auditadas 124 nações. Até 2010 a Icao espera avaliar ter avaliado 190 países.
O objetivo é verificar o grau de adequação do setor às recomendações de segurança de voo e de operações em terra. Durante 12 dias, os oito representantes da Icao avaliaram o funcionamento da Agência Nacional de Aviação Civil (Anac), do Centro de Investigação e Prevenção de Acidentes Aeronáuticos (Cenipa) e do Departamento de Controle do Espaço Aéreo (Decea) sendo que as organizações militares – Cenipa e Decea – obtiveram as melhores notas.
Os serviços de navegação aérea do Decea foram considerados 95% de acordo com as expectativas, os 5% restantes para os 100% envolvem a fluência em inglês para equipes de busca e salvamento, além de questões específicas na gestão da segurança de operações e controle de qualidade nos serviços de informações aeronáuticas.
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