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DOBROLET SUSPENDS FLIGHTSDUE TO EU SANCTIONS

Several European counterparties have notifiedDobrolet of their refusal to fulfil their obligations to the

airline in connection with the economic sanctionsenacted by the European Union. Leasing, repair and

maintenance services and airplane insuranceagreements were annulled, as well as the provision ofaeronautical information. Due to the unprecedented

pressure that has been applied to Dobrolet by itsEuropean counterparties, the carrier has no option but

to suspend flights and ticket sales.

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AIRBUS' CEO CALLS FOR EURODEVALUATION

Fabrice Bregier, the CEO of Airbus, called to Europeanauthorities to weaken the euro by 10% to help

exporters compete, Lenta.ru reports. According to theexecutive, the euro exchange rate should be at $1.20

to $1.25 while currently the rate is about $1.36.

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VIDEO: scientists unveil aircrafttechnologies of the future

Scientists and engineers at BAE Systems have lifted the lid on some futuristictechnologies that could be incorporated in military and civil aircraft of 2040 or evenearlier. See the videos below!

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Boeing forecasts rising demand forcommercial pilots and technicians

Boeing is forecasting continued strong growth in demand for commercial aviationpilots and maintenance technicians as the global fleet expands over the next 20years.Boeing's 2014 Pilot and Technician Outlook, released today at EAA AirVentureOshkosh, projects that between 2014 and 2033, the world's aviation system will

9/22/2014 Avia Solutions Group - Dobrolet suspends flights due to EU sanctions | Aviation News for July 2014

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require 533,000 new commercial airline pilots and 584,000 new commercial airlinemaintenance technicians.

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Avia Solutions Group to establish a new40 million USD worth Aviation Park

The new Aviation Park in Kaunas is a major project aimed at attracting various localand foreign companies engaged in providing a wide spectrum of aviation relatedservices, such as maintenance and repair of aircraft engine, landing gear and othercomponents, aircraft tear down and sales as well as aviation-related scientificresearches. The new centre is planned to occupy the territory of up to 100 ha, locatednext to Kaunas International Airport.

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Airbus terminates purchase order withSkymark Airlines for A380s

Following discussions with Skymark Airlines and in light of the airline’s expressedintentions in respect of the A380, Airbus has in accordance with its contractual rights,notified Skymark Airlines that the purchase order for the six A380s signed in 2011 hasbeen terminated. Airbus is reserving all its rights and remedies.

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VIP charter carrier KlasJet marks thestart of operations

KlasJet, a newly established VIP charter carrier specializing in private and corporatecharter flights, is delighted to announce about its first successful commercial flight toone of the many luxurious Mediterranean resorts. The first carrier’s commercial flightfollows the receipt of an air operator’s certificate (AOC) from the Lithuanian CAA inlate June, 2014.

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American Airlines: $1.5 B in 2Q 2014,highest in company history

For the second quarter 2014, American Airlines Group reported a record GAAP netprofit of $864 million. This compares to a GAAP net profit of $220 million in thesecond quarter 2013, for AMR Corporation prior to the merger. The Companybelieves it is more meaningful to compare year-over-year results for American Airlinesand US Airways excluding special charges and on a combined basis, which is a non-GAAP formulation that combines the results for AMR Corporation and US AirwaysGroup.

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Bombardier forecasts demand valued at$658 B

Bombardier is confident in the strong, long-term potential of the business aircraftindustry and forecasts a total of 22,000 business jet deliveries from 2014 to 2033 in

ICAO clarifies stateresponsibilities arising from

conflict zones

The International Civil AviationOrganization (ICAO) issued aState Letter today, reminding

applicable authorities in the 191signatory States to the

Convention on International CivilAviation of the internationalprovisions specifying State

responsibilities with respect tothe safety and security of civilaircraft operating in airspace

affected by conflict.

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Bombardier reaches technologymilestone

Bombardier Aerospace

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the segments in which Bombardier competes* representing approximately $617 billionUS** in industry revenues. Bombardier’s Business Aircraft Market Forecast anticipates9,200 aircraft deliveries, worth $264 billion US between 2014 and 2023, and 12,800aircraft, worth $353 billion US, from 2024 to 2033.

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FL Technics to support GarudaIndonesia at Gatwick Airport

FL Technics is further expanding its cooperation with Asian Pacific carriers. Recently,the company has signed a three-year long Line Maintenance Agreement with GarudaIndonesia which is the national carrier of the world’s fourth most populous countrylocated in Southeast Asia.

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Airbus launches the A330neo

Following a decision by the Board of Directors of the Group, Airbus has launched theA330-800neo and A330-900neo, two new members of its Widebody Family, which willincorporate latest generation Rolls-Royce Trent 7000 engines, aerodynamicenhancements and new cabin features.

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Boeing Forecasts Demand for 36,770New Airplanes Valued at $5.2 Trillion

Boeing projects a demand for 36,770 new airplanes over the next 20 years, anincrease of 4.2 percent from last year's forecast. The company released its annualCurrent Market Outlook (CMO) today in London, estimating the total value of thosenew airplanes at $5.2 trillion.

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Lufthansa and Air China strengthenpartnership

During German Chancellor Dr Angela Merkel’s state visit to China, Carsten Spohr,Chairman of the Executive Board and CEO of Deutsche Lufthansa AG, and Mr SongZhiyong, President and Executive Director of Air China Limited, signed amemorandum of understanding in Beijing to expand the scope of the commercialpartnership between their companies.

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announced today the completionof another milestone in theexecution of its Strategic

Technology program for civilaviation and a first in the

aerospace industry – a non-temperature restricted Bleedless

Auxiliary Power Unit (APU)starting test, following a 10-hourcold soak at -40°F and using astarter/generation system and

lithium-ion (Li-ion) batterysystem.

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AviaAM Leasing delivers firstBoeing 767-300ER to Sunday

Airlines

AviaAM Leasing is excited toannounce the delivery of Boeing767-300ER to a Kazakh charter

carrier Sunday Airlines. Theaircraft is the first wide-body

airplane project conducted byAviaAM Leasing.

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EASA issues safety bulletin forthe Ukrainian Airspace

The European Aviation SafetyAgency (EASA) published today

a Safety Information Bulletin(SIB), taking into considerationthe reported loss of flight MH17

in Eastern Ukraine.

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FL Technics Jets receives ISO9001:2008 certificate

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Honeywell reports sales up to $10.3Billion

Honeywell announced its results for the second quarter of 2014. We saw 6% salesgrowth and margin expansion in every business as our key growth and productivityinitiatives continue to make a difference.

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EXPERT OPINION

What’s eating the Latin Americanaviation industry?

For the past 10 years the aviation industry in Latin America has been subject toimpressive growth rates. According to IATA, over the next 10 years air traffic in theregion is expected to increase by an average of 7% annually, which would put LatinAmerica on about the same growth trajectory as China. Nevertheless, currently theregion is actually performing weaker than it could.

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The safeguarding diversity of aircraftinvestment

Though there are certain signs that the post-crisis global economy is on a steady pathtowards recovering its stability, the latest results of the U.S. economy (minus 2.9% inQ1 2014, the largest drop since the 2009) serves as a serious warning that the actualgrowth of the global market is fragile. In the meantime, burdened by traditional assets,today many investors are seeking for alternative investments which would diversifytheir portfolios and allocate the risks. However, in their quest for new liquid projects,investors seem to ignore an asset which many of them personally use on a daily basis– an aircraft.

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African aviation liberalization to worsenits HR-related issues?

Growth of Africa's economies has accelerated. According to a new report by the

FL Technics Jets is delighted toannounce that it has

successfully passed anindependent quality

management audit thusbecoming an official ISO

9001:2008 certified organization.

Read more...

BAE Systems appoints SanjaySamuel as head of financial

crime for Asia Pacific

BAE Systems AppliedIntelligence has appointed

Sanjay Samuel as FinancialServices Sector Lead for theAsia Pacific and Middle East

Region. Sanjay will beresponsible for all sales into thefinancial services sector and he

will lead the Financial Crimebusiness unit in the region.

Read more...

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African Development Bank, the continent's growth is projected to accelerate to 4.8%in 2014 alone. With the increased consumer spending and a new middle class on therise, the outlook for African aviation industry is also positive. Nevertheless, developingits full potential still remains a challenge, especially with regard to proper HR-support.

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Ensuring appropriate aircraft sparessupply in a highly competitiveenvironment

Under competitive pressure more and more airlines are abandoning the strategy ofholding huge and expensive parts stocks to support their operations. However, it doesnot mean that they are willing to give up on the extremely reliable dispatch suchstocks support. As a result, finding the right balance between spares availability forfleet utilization and the high cost of maintaining stock levels still remains one of thebiggest challenges for an airline today.

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Aircraft spare parts pooling: breakingthe myths

Following the latest trends within the aviation industry, spare parts business, once amundanely straightforward enterprise, has evolved into one of its most dynamicsectors. However, as in most cases, the new developments were accompanied byunique challenges. On the one hand, technologically advanced components help todrive down maintenance costs on the newest aircraft. On the other hand, they alsoradically alter the cost-benefit calculation of whether an airline should stock its ownspares or participate in a pool.

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How great are the lengths towardspassenger satisfaction?

employee engagement is a multifaceted issue. It requires an all-around approach tobe effective and, just like forming a habit, it needs consistent implementation.Although it may be difficult to identify a single method of engaging employees as themost effective one, communicating with them about it will certainly bring ideas on thetable. Is it worth the trouble? Fulfillment is an intrinsic human need and engagedemployees will repay tenfold through enhanced customer satisfaction and brandattitude.

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Raytheon Board of Directorswelcomes new chairman

Thomas A. Kennedy

The Board of Directors ofRaytheon Company (NYSE:RTN) has elected Thomas A.

Kennedy, age 59, as Chairmanof the Board of Raytheon

Company effective October 1,2014. This action follows notice

to the Board by William H.Swanson, Raytheon's currentChairman of the Board, of hisretirement from the Companyeffective September 30, 2014.

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SR Technics appoints new CFO

SR Technics has appointedChristina Johansson as its newChief Financial Officer, effective

August 1, 2014. Reportingdirectly to André Wall, CEO of

SR Technics, ChristinaJohansson will join SR Technics’

Leadership Team. She takesover from Angelo Quabba, whodecided to leave the company

after seven years.

Read more...

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FARNBOROUGH 2014Russia’s Deputy PM called Russian delegation to leave FarnboroughMTU receives orders worth 1.3 billion euros during FIAGE brings $36 Billion from FIABombardier brings $4.25 billion from FIAIAG converts 20 A320neo options into firm ordersAerCap firms up order for 50 A320neoAir Lease Corporation signs for 25 A330neo and 60 A321neoeasyJet places A320 engine order with CFM

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COMMERCIAL AVIATIONBoeing: $22 billion in revenues 2Q 2014Boeing, All Nippon Airways finalize order for 40 widebody airplanesTianjin Airlines purchases 20 E-Jets, 20 E-Jets E2Lufthansa Group: operating profit reached €114 million in 1H 2014FLY Leasing on way to reaching 15% fleet growthUTC Aerospace Systems delivers 5,000th set of landing gear for Boeing 737Rolls-Royce Holdings: revenue down 7% in 1H 2014Airbus Helicopters wins tender for two medical helicopters in RussiaWestJet Encore orders five new Bombardier Q400 NextGenAeroflot: 10.9% traffic increase in 1H 2014Ryanair: profit grew to €197m in Q1 2014The A350 XWB embarks on final certification phaseAviaAM Leasing delivers Orenair fifth Boeing 737-800AviaAM Leasing delivers first Boeing 737-700 to SCAT AirlinesAviaAM Leasing delivers Orenair another Boeing 737 Next Generation

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BUSINESS AVIATIONAir France launches new private jet serviceEmbraer Executive Jets delivered the 25th Phenom 300 to NetJetsNextant Aerospace becomes first aviation company to join theremanufacturing industries councilAustralian Helicopters Signs For Six AW139 Helicopters For EMS Missions byAir Ambulance VictoriaTRU Simulation + Training Inc. Acquires ProFlight, LLCRockwell Collins reports third quarter fiscal 2014 earnings: 12% salesincrease9 Air places $3.7 billion CFM engine orderGama Aviation opens private aviation terminal at Sharjah International Airport

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MROJohann Panier appointed CEO of Barfield Inc.TIMCO opens new line services locations in Alaska and San FranciscoBoeing Expands Maintenance Support to Customers in Southeast AsiaLufthansa Technik services a flying observatory SOFIATriumph Group finalized the acquisition of GE Aviation Hydraulic Actuation

Boeing names Craig CooningPresident of Network & Space

Businesses

Boeing has named Craig R.Cooning president of its Network& Space Systems (N&SS)businesses, effectiveimmediately. Cooning succeedsRoger Krone, who took aposition at another company.

Read more....

ATR appoints Giorgio Moreni asChief Financial Officer

The ATR Assembly of Membershas appointed Giorgio Moreni(45), as Chief Financial Officer

(CFO) of ATR. He succeeds EricBaravia, whose four-year

mandate according to ATR’sstatutes has expired in June

2014.

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ATR appoints Patrick deCastelbajac as Chief Executive

Officer

The ATR Assembly of Membershas appointed Patrick deCastelbajac (43), as Chief

Executive Officer (CEO) of ATR.He succeeds Filippo Bagnato,

whose four-year mandateaccording to ATR's statutes

expired at the end of May 2014

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business

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AIRPORTSPassenger traffic up 4.8% at European airports during MayFraport: +2.4% passenger traffic in 1H 2014NATS handles 2.4% summer traffic growthHeathrow Airport: revenues up 7.4% in 2Q 2014Hong Kong International Airport: 6% growth in the first half of 2014Public support for airport expansion growing according to new studyHeathrow launches property and noise consultationHelsinki Airport: first in the world to track entire passenger flowAeroflot approved new dividend policy

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MILITARYBAE Systems: 10% sales decrease in 1H 2014Safran: operating income up 16.5% in 1H 2014AAR wins $23 million to overhaul U.S. army's UH-60 Black Hawks' APUsF-35B successfully completes wet runway and crosswind testingRaytheon: $5.7 billion net sales 2Q 2014Messier-Bugatti-Dowty signs agreement with Sabena technics to acquire100% of HydrepEurofighter submits bid to DenmarkBAE won £72 million E-scan radar contractUS Air Force awards Raytheon $80 million for MALD-JEMB-121 Xingu reaches milestone of 30 years of operations with the FrenchAir ForceFirst two M-346 aircraft delivered to the Israeli Air Force

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Jet Aviation Basel appointsHendrik Janssen as director ofCompletion Sales and Market

Development

Jet Aviation Basel has appointedHendrik Janssen as director ofCompletion Sales and Market

Development. On his newposition, Janssen liaises withaircraft owners, operators andindustry executives to ensurethey are informed about thebenefits of assigning VVIPCompletions projects to Jet

Aviation Basel’s Completionscenter.

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