Welcome the the GBJ Aviation and Insurance Blog

Welcome to the GBJ blog and we hope we can provide something a little different for our clients and contacts in the Aviation world. We will post various articles and attachements. So if you join and then request to follow us on Twitter you will recieve a monthly password to access this content. We hope you enjoy the blog and find it useful for your business, please email and let us know what you think!

Tuesday, 14 August 2012

Turkish Technic expects to regain EU line maintenance approval by Q4


Turkish Technic expects to regain EU line maintenance approval by Q4

The partial suspension of Turkish Technic's EASA Part 145 maintenance approval was due to the absence of B2 engineers at line maintenance stations.
The "temporal removal" of parts of the approval - as EASA defines the suspension - affects all of the group's line maintenance stations within European Union member states, but has had no impact on Turkish Technic's base maintenance operations in Turkey.
Line maintenance customer airlines with EU-registered aircraft at the affected stations had to be referred to other third-party service providers, while the aircraft of parent carrier Turkish Airlines are covered by the national aviation authority in Turkey and so can be serviced as usual.
The relevant approval parts were suspended on 27 September 2011 after an EASA audit. "It could not be demonstrated that the organisation had any Part 66-licenced B2 [engineers]," says the Istanbul-based maintenance, repair and overhaul (MRO) provider in a letter to Flightglobal.
EASA's Part 66 defines the licence requirements for aircraft maintenance engineers. The B1 licence covers work on airframe structures, powerplants, mechanical and certain electrical systems, while B2 engineers specialise in avionic and electrical systems.
Turkish Technic hopes that its Part 145 approval will be fully reinstalled by the end of next month or early in the fourth quarter, Ahmet Çağrı Özer, strategy planning and projects manager, tells Flightglobal.
The MRO provider completed all root cause analyses for the findings and submitted "almost all" responses to EASA, after the EU authority had suggested an action plan, he adds.
A number of procedures have been revised, with EASA accepting the changes.
The line maintenance stations have been managed by parent Turkish Airlines, because the carrier wants to be directly responsible for the operations at its destinations. Line stations in Turkey have not been affected by the partial approval suspension.
Kristin Majcher contributed to this article. 

MAS temporarily shelves plans for short-haul subsidiary


MAS temporarily shelves plans for short-haul subsidiary

Malaysia Airlines (MAS) will revive plans for a new short-haul premium airline or budget carrier only after it returns to profitability.
The airline had been studying both options for over a year, but shelved them temporarily to focus on plans to stem losses from its mainline full-service carrier.
"To have a short-haul airline was in the original plan, but we have dropped it for now. At this point, everyone is fully focused to get MAS back on its feet," says the carrier's head of short-haul operations and Firefly's chief executive, Ignatius Ong.
Ong states that while MAS understands it lacks a low-cost unit to take on competition in the market segment, it will not launch new carrier until it "sees positive returns".
The group could launch a carrier with a business model in-between MAS and Firefly, similar to Thai Airways subsidiary Thai Smile, says Ong. He adds that it could also convert Firefly's current model into a low-cost carrier.
"I think the traditional thinking is to be either a full-fledged carrier or a low-cost carrier, but things are no longer as clean-cut as before," he says.

Monday, 13 August 2012

ILFC most exposed on Wind Jet’s Airbus fleet


ILFC most exposed on Wind Jet’s Airbus fleet


International lease Finance Corporation (ILFC) is the most exposed operating lessor on the aircraft fleet operated by Italy’s Wind Jet, which suspended services on 12 August.
According to Flightglobal's Ascend online database Wind Jet's fleet includes five Airbus A319s and seven A320s.
ILFC owns the A319 fleet, which has an average age of 10 years. Three aircraft were leased in January 2009 for periods between six and six and a half years.
The average age of the A320 fleet is approaching 18 years. Three aircraft, built between 1996 and 1998, are owned by ILFC.
 
AerCap has exposure on two 1991-vintage A320s, while one 1992-vintage aircraft is owned by the TAF 2000-1 ABS portfolio. The remaining aircraft, built in 1993, is registered with PB Leasing Aircraft Leasing N 23.
The Catania-based budget carrier risks a possible operating licence suspension by the country's civil aviation regulator ENAC.

Indian insurers set to agree $50m of cover for Iranian oil ships


Indian insurers set to agree $50m of cover for Iranian oil ships

by
Iran banned
Indian insurance companies look likely to agree to $50m cover per voyage with Iranian crude oil on risk for collision and spills.
The Hindu Business Line quotes sources in government and insurance as saying: "Talks are in positive directions and could be concluded soon and help resolve the deadlock."
Issues still believed to be outstanding in the talks between ship owners through the Indian National Ship Owners Association and insurance companies led by General Insurance Corporation include insurers' demands for an additional $20 000 'war risk premium' per voyage.
The Indian government is currently granting permission for ships carrying Iranian crude oil on a case-by-case basis.

sorry Alitalia post now viewable!


Alitalia vents fury as Wind Jet talks collapse

  DAVID KAMINSKI-MORROW LONDON
09:38 10 Aug 2012 
Alitalia's discussions to take over troubled budget operator Wind Jet have descended into acrimony, with the Italian flag-carrier accusing the smaller Sicilian-based airline of failing to meet obligations for finalising the acquisition.
In a long statement Alitalia describes the acquisition talks as having "failed", despite its willingness to amend and renegotiate terms.
Disintegration of the takeover effort comes as Wind Jet struggles to restore service reliability after it was threatened with grounding by the Italian regulator over delays and cancellations. Wind Jet has suspended its Internet site and could not immediately be reached for comment.
Alitalia says there is "no more room" for further discussions with Wind Jet, given the uncertainty involved in pursuing the acquisition.
It claims Wind Jet did not provide, by an initial 29 June deadline, enough documentation regarding its financial position which would have enabled a clear assessment of the company's value.
Absence of these documents made the takeover "very risky" but the flag-carrier says it nevertheless spent weeks renegotiating agreements - talks made more complicated by a "detrimental" set of requirements in mid-July to clear anti-trust concerns.
While Alitalia says it approved a new acquisition agreement on 7 August, based on the airline's assuming higher risks, it claims Wind Jet communicated on 9 August that it could not fulfil the obligations from this arrangement.
Alitalia also says it remained unclear over the details of certain contracts, such as that with the provider of engine maintenance, but had still been working with "commitment to reaching an agreement".

Wednesday, 31 August 2011

Aer Arann incident at Shannon

www.irishtimes.com/newspaper/breaking/2011/0717/breaking10.html


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Saturday, 27 August 2011