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SEPTEMBER 2023

Week 37

Asia-Pacific Aerospace Briefs Today

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September 12th 2023

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Today's briefs report news from CDB Leasing, Hong Kong International Aviation Academy, IBA, KLM Royal Dutch Airlines and RTX. Read More »

CDB Aviation, a 100% Irish subsidiary of China Development Bank Financial Leasing Co. Ltd, has signed lease agreements with KLM Royal Dutch Airlines for three new A321neo.

Hong Kong International Aviation Academy (HKIAA) has launched a 14-month cadet pilot course divided into six months of theoretical knowledge training and eight months of flying training at IASCO Flight Training School in California. The course costs US$102,000 and can be paid in instalments. HKIAA said its airline partners, Hong Kong Airlines, HK Express and Greater Bay Airlines, will offer preliminary job interviews, and potentially, conditional job offers to students of the course.

Passenger capacity from Mainland China airlines, measured by available seat kilometres, has exceeded 2019 pre-pandemic levels, consultancy IBA said.

RTX, the parent company of Collins Aerospace, Pratt & Whitney and Raytheon, said a rare condition in the powder metal used to manufacture certain parts of the Pratt & Whitney PW1100G-JM geared turbofan (GTF) engine will result in “600 to 700 incremental shop visits between now and the end of 2026”; guidance beyond the manufacturer's forecast at the beginning of 2023. “A majority of the incremental engine removals will occur in 2023 and early 2024,” RTX said. “As a result, Pratt & Whitney expects a significant increase in aircraft on ground levels for the GTF powered A320 fleet from 2024 to 2026.” Pratt & Whitney issued a special instruction to GTF powered A320s requiring accelerated instructions and is expected to issue several Service bulletins in the next 60 days. RTX will record a pre-tax operating profit charge of US$3 billion in its 2023 third quarter accounts, reflecting Pratt & Whitney's net 51% share of the PW1100 GTF program. The figure includes estimates of potential compensation and other considerations of customer fleet disruption, the company said.

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