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Airbus, Bombardier and Investissement Québec agree C Series Partnership closing effective July 1, 2018

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Airbus, Bombardier and Investissement Québec agree C Series Partnership closing effective July 1, 2018

·     Airbus to add A321 production capabilities in Toulouse

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    Airbus to acquire majority stake in the C Series Aircraft Limited Partnership, effective July 1, 2018

·         All regulatory approvals required for the closing of the transaction Airbus, Bombardier and Investissement Québec agree C Series Partner been obtained

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·         Partnership head office, leadership team and primary final assembly line located in Mirabel, Québec (representing some 2,200 employees and subcontractors), with the support of the C Series global supply chain

·       projected to represent 6,000 new aircraft over the next 20 years

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·         Addition of Airbus’ global reach to create significant value for C Series’ customers, suppliers, employees, shareholders and communities

·         Significant C Series production efficiencies anticipated by leveraging Airbus’ production ramp-up expertise

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·         Growing market for C Series to support second Final Assembly Line in Alabama, serving U.S. customers

Amsterdam / Montreal, June 8, 2018 – Having received all required regulatory approvals, Airbus SE (EPA: AIR), Bombardier Inc. (TSX: BBD.B) and Investissement Québec (IQ) have agreed to close the C Series transaction effective on July 1, 2018. Airbus to acquire majority stake in the C Series Aircraft Limited PartnershipThe transaction by which Airbus will acquire a majority stake in the C Series Aircraft Limited Partnership (CSALP) was initially announced in October 2017. The Mirabel-based partnership, which was originally established between Bombardier and IQ, will benefit from Airbus’ global reach, scale, procurement organization and expertise in selling, marketing and producing the C Series – a state-of-the-art jet aircraft family in the 100-150 seat market.

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Airbus will work with its partners Bombardier and IQ to fully unlock the C Series’ potential and create significant new value for customers, suppliers, employees, shareholders and the communities in which the partnership operates. The partnership’s head office, primary assembly line and related functions will be based in Mirabel, Québec.

As previously announced, Bombardier will continue with its current funding plan of CSALP. Due to the early closing of the partnership, the terms of this plan are updated according to the following schedule: Bombardier will fund the cash shortfalls of CSALP, if required, during the second half of 2018, up to a maximum of US$225 million; during 2019, up to a maximum of US$350 million; and up to a maximum aggregate amount of US$350 million over the following two years, in consideration for non-voting participating shares of CSALP with cumulative annual dividends of 2%. Any excess shortfall during such periods will be shared proportionately amongst CSALP’s Class A shareholders. Airbus will consolidate CSALP effective from July 1, 2018 onwards. Further financial information on the transaction will be provided later this year.

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The C Series program continues to ramp up. Having delivered 17 aircraft in 2017, it is gearing up to double its deliveries in 2018.

With the C Series’ demonstrated in-service performance and the finalization of this partnership, the parties expect increased demand to support a second C Series Final Assembly Line in Mobile, Alabama, dedicated to supplying U.S.-based customers. The C Series is positioned to capture a large percentage of the estimated 6,000 aircraft needed in this market segment over the next 20 years.

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Asia

Singapore Airlines emergency landing after severe turbulence

A Singapore Airlines Boeing 777 Aircraft lands at Singapore Changi Airport (Incident aircraft not pictured)

One passenger passed on, while dozens of passengers were injured when a Singapore Airlines Boeing B777-300ER aircraft experienced severe turbulence while en route to Singapore from London Heathrow Airport. The aircraft diverted to Bangkok, and landed at 3:45pm Local time on 21 May 2024 

The flight landed with 211 Passengers and 11 Crew members at Bangkok Suvarnabhumi Airport. According to the Airport Director Kittipong Kittikachorn at a news conference, there were 7 passengers who suffered serious injuries, while a number of other passengers suffered injuries of varying seriousness.

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It was also confirmed that the passenger who passed on was a 73 year old British Man. In a statement from Singapore Airlines ‘ As of 0505 hours Singapore Time on 22 May 2024, 79 passengers and 6 crew members from SQ321 remain in Bangkok’. In another statement, it was reported that a relief flight with 143 passengers and crew members arrived in Singapore at 0505 hours Singapore time on 22 May 2024.

According to aircraft tracking site FlightRadar24, the 16 Year Old Boeing B777-300ER aircraft descended sharply from 37,000 feet to 31,000 feet in a short time. It was also further reported by FlightRadar24 that the descent was commanded by Autopilot, instead of being caused by turbulence.

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Shortly afterwards, the pilot declared an emergency by squeaking 7700 on the transponder, indicating an emergency situation onboard the aircraft. The Boeing 777 aircraft then diverted to Bangkok, instead of continuing on its planned journey to Singapore. 

In view of this incident, Singapore Airlines mentioned in a statement that they are working with the relevant authorities on the investigation into this incident.

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The National Transportation Safety Board, a US Government investigative agency for civil aviation incidents, is sending an accredited representative and 4 technical advisors to support the investigation by Singapore’s Transport Safety Investigation Bureau (TSIB). TSIB mentioned in a statement that it ‘is in touch with its Thai counterparts and will be deploying investigators to Bangkok’. 

Boeing, the manufacturer of the Boeing B777 aircraft mentioned in a statement that they are in contact with Singapore Airlines regarding the ill-fated flight, and ‘stand ready to support them’. 

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This situation is developing, more details will be added when they become available. 

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Aviation

Top 5 light helicopter under 3 million

Top 5 light helicopter under 3 million

In the realm of aviation, helicopters represent a unique blend of agility, versatility, and accessibility. For many, the allure of piloting a helicopter is irresistible, whether for recreational flying, aerial photography, or even business transportation.

However, for those looking to invest in their own rotorcraft, affordability is often a crucial consideration. With a budget of under $3 million, prospective buyers are presented with a range of options, each offering its own blend of performance, features, and value.

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In this Video, we’ll explore the top five light helicopters available on the market, all priced under $3 million.

1. Robinson R44 Raven: The Robinson R44 Raven is a popular and versatile light helicopter known for its reliability. It typically accommodates four passengers and a pilot. It boasts a cruise speed of around 130 knots (150 mph) and a range of approximately 300 nautical miles. It starts at around $400,000 to $500,000. The R44 Raven is often used for various applications, including private transportation, aerial photography, and training due to its agility and affordability in the light helicopter category.

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2.MD530F: The MD530F, also from MD Helicopters, is a compact and nimble helicopter known for its agility and maneuverability. It’s often used in law enforcement and military applications. It typically falls within the price range of $2.5 million,depending on factors such as configuration, optional features, and market conditions. It is equipped with a Rolls-Royce 250-C30 engine, delivering 650 shaft horsepower. With a cruise speed of approximately 110 knots (126 mph) and a range of around 260 nautical miles, the MD530F is well-suited for tasks requiring precision flying, such as reconnaissance and patrol missions.

3. Bell 206 Jet Ranger: a renowned light utility helicopter, is esteemed for its compact design and exceptional maneuverability. Widely utilized in law enforcement, military, and civilian roles, it offers versatility across various missions. Typically priced around $1.2 million to $1.5 million, the cost may vary based on configuration, optional features, and market conditions. Powered by a Allison 250-C20j turboshaft engine, the Bell 206 Jet Ranger boasts 420 shaft horsepower, facilitating a cruise speed of approximately 112 knots (129 mph) and a range of about 374 nautical miles.

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4. Leonardo AW109 Power: renowned for its versatility and performance, is another compact and agile helicopter highly regarded in both civilian and military circles. It is often utilized in law enforcement, emergency medical services, corporate transport, and various other missions. Priced at approximately $3 million. Powered by twin Pratt & Whitney Canada PW206C engines, the AW109 Power boasts impressive capabilities with a cruise speed of approximately 154 knots (177 mph) and a range of up to 565 kilometers, making it suitable for missions requiring swift and efficient transportation over moderate distances.

Equipped with advanced avionics and spacious cabin accommodations, the AW109 Power provides a comfortable and safe flying experience for both pilots and passengers.

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5. Airbus H125: formerly known as the AS350 B3e, is a versatile and reliable helicopter renowned for its performance and adaptability. It is widely used across various industries, including law enforcement, emergency medical services, and aerial work. With a price typically ranging from $2.5 million, the cost can vary based on specific configurations, optional features.

Powered by a Turbomeca Arriel 2D engine, the H125 boasts robust performance, delivering approximately 847 shaft horsepower. Its cruise speed reaches around 133 knots (153 mph), offering swift and efficient transportation. The H125 also features a commendable range of approximately 357 nautical miles, making it suitable for extended missions or long-distance flights.

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Aviation

American Airlines Letter Sparks Outrage Over Flight Attendant Salary

American Airlines Launches 8 New Winter Routes to Latin America &Caribbean

An employment letter from American Airlines (AAL) has ignited a firestorm of controversy across social media platforms, shedding light on the stark reality of flight attendant salaries in the aviation industry.

Shared on Reddit and authenticated by the union representing American Airlines employees, the letter has drawn widespread attention for its revelation of starting salaries barely surpassing federal poverty levels.

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The actual letter AA gives new FAs when they move to NYC, Miami, Boston, Dallas etc.
byu/containment-failure inamericanairlines

Detailing the compensation package for new flight attendants, the letter discloses an hourly rate of $30.35 per flight hour, translating to an annual salary projection of $27,315 before incentives and taxes. This figure, notably below the poverty threshold for both individual and two-person households in 2024, has sparked outrage and disbelief among readers.

What further compounds the issue is the disclosure that flight attendants typically work between 65 to 85 flight hours each month, supplemented by an additional 50 hours dedicated to aircraft preparation before takeoff and after landing—tasks for which they receive no compensation.

This revelation underscores the significant gap between the demanding workload of flight attendants and the meager financial rewards they receive in return. The letter, designed for use in dealings with landlords and other service providers as proof of income, closes with a plea for understanding: “any courtesy you can provide would be appreciated.”

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This poignant appeal highlights the financial strain faced by many flight attendants who struggle to make ends meet on their current salaries. In response to these revelations, American Airlines flight attendants are mobilizing for action.

With negotiations underway for a new contract with the airline, which includes demands for higher pay, they are urging the White House to authorize their right to strike after a 30-day cooling-off period.

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