Precision Turbines, Inc.
Wed, Apr 25, 2012                                                  Volume 6, Issue 8


SAMPLE OF PRECISION TURBINES AVAILABLE ENGINE INVENTORY 


ENGINE             TSN          CSN        TSO       REMAINING       STATUS                  

JT15D-1A         7388         7992       575         2925              SALE

JT15D-1A         5563         5578      2201        1299              SALE
 
JT15D-1A         6859         5783       ZERO       3500             SALE



PT6A-28          6294.9       7778       4455.9     ZERO           SALE

PT6A-28          6288.2      7721        2779.2       820           SALE

FJ44-2A           507HRS     386 CYC   N/A         2993           SALE


Call 561-447-0032 for details on our inventory of serviceable PT6A engines   


*Precision Turbines is an ASR (Authorized Sales Representative) for Sierra Industries and specializes in Citation and King Air Engine retrofits. 
 

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SIERRA INDUSTRIES RECEIVES MEXICAN GOVERNMENT APPROVAL  

Uvalde, Texas-based Sierra Industries has been certified by Mexico's Dirección General de Aeronáutica Civil (DGAC) to inspect, repair and modify Mexican-registered aircraft, from piston singles to business jets. Operating out of a 90,000-sq-ft facility, Sierra Industries also specializes in modifying older Cessna Citations for better performance. Additionally, the MRO offers PMA parts manufacturing, in-house avionics support and on-field paint and interior specialists.    

 

 

 

UNITED CONTINTENTAL REPORTS QUARTERLY LOSS OF $448M

United Continental Holdings has reported a loss of $448 million for its first quarter. The loss stemmed partly from integration and merger costs, including a switch to a single reservations system. "This was a difficult quarter, but we made significant progress with our integration and we're now able to serve our customers as a single airline.

 

 

 

JETBLUE AIRWAYS BOOSTS CAPACITY PROFIT FOR Q1 

JetBlue Airways posted a profit of $30 million for its first quarter, compared with a profit of $3 million in the same quarter last year. First-quarter revenue increased 19% on a year-over-year basis on a capacity boost of 12%. "Despite an uncertain economic environment, we delivered record revenue performance and fully offset the increase in fuel costs with higher revenues,"  

 

 

 

BOEING BACKS AMERICAN AIRLINES AS A SOLO ACT   

Boeing serves as a creditor to AMR Corp., the parent company of American Airlines. Boeing says it supports American's plan to emerge from bankruptcy as a stand-alone carrier, rather than merge with US Airways. "American is working through the process now and we support them emerging from this thing as a stronger airline," said Boeing CEO Jim McNerney.   

 

 

 

FAA GREENLIGHTS PRODUCTION OF ECLIPSE 550 

The FAA has awarded a production certificate ... #550 ... to Eclipse Aerospace, paving the way for production of the new Eclipse 550 twin-engine jet..Read More 

 

 

 

FAA AWARDS SEVERAL NEW STCS FOR 400XT PROGRAM  

The FAA has awarded several new STCs to Nextant Aerospace for its 400XT airplane. Among those are approvals for additional avionics options, many of which help to pave the way for final certification by EASA.The STCs cover several major operational areas, including the Class "A" Terrain Awareness and Warning Systems (TAWS) system, and the Wide Area Augmentation System (WAAS)/Localizer performance with vertical guidance (LPV) navigational aid..Read More  

 

 

 

AMERICAN AIRLINES WILL PRESESNT CASE IN COURT OVER UNION CONTRACTS  

American Airlines will plead its case for canceling union contracts in bankruptcy court this week. AMR Corp., the parent company of American, filed for bankruptcy in November. "We must follow this course to address our onerous labor costs through either consensual agreements or court-imposed reductions to return American to industry leadership as a viable, sustainably profitable airline..Read More

 

 

 

UNIONS REACH PACT IN AMERICAN AIRLINES-US AIRWAYS MERGER

US Airways CEO Douglas Parker and the leaders of three American Airlines labor unions said Friday they have reached collective bargaining agreements that would govern 55,000 American employees in a merger between US Airways and American..Read More  

 

 

 

EC145s ARRIVE AT DUKE UNIVERSITY  

American Eurocopter has handed over two new EC145s to Duke University Hospital's Life Flight program. The helicopters are part of a fleet replacement for two leased EC135s..Read More 

 

 

 

US AIRWAYS FILES DOCUMENT ANNOUNCING MERGER INTENTIONS  

US Airways has filed a Form 8K with the Securities and Exchange Commission that reveals the carrier has reached support with three unions representing employees from American Airlines. The support spells out the labor contracts that would occur if US Airways and American Airlines merged..Read More 

 

 

 

AMR CORP. WIDENS Q1 LOSS TO $1.7 BILLION 

AMR Corp., which filed for bankruptcy last year, said $1.4 billion of the loss could be attributed to the bankruptcy process. During the same quarter last year, the carrier lost $436 million..Read More




VERTICAL INTEGRATION WILL NOT HELP DELTA OIL  

Columnist Virginia Postrel said Delta's plan to vertically integrate by purchasing an oil refinery does not make economic sense. "Delta doesn't need its own refinery to obtain jet fuel, which is traded in a thick worldwide market, any more than it needs to own a peanut farm to supply in-air snacks," Postrel writes..Read More

 

 

 

EUROPEAN PARLIAMENT APPROVES PASSENGER NAME RECORD AGREEMENT 

A new agreement on the transfer of EU air passengers' personal data to the US authorities was approved by the European Parliament on Thursday. The deal sets legal conditions and covers issues such as storage periods, use, data protection safeguards and administrative and judicial redress. The agreement will replace a provisional deal in place since 2007

 

 

 

AIR FORCE TELLS PILOTS..SLOW DOWN 

The USAF is exploring options in its effort to reduce the amount of fuel used across its 4,693 aircraft fleet. With the recent price increase in oil, the Air Force is seeing a $1 billion increase in fuel cost for 2012. The Air Force is the largest energy user in the federal government, making 900 air mobility flights globally daily, including combat sorties.

 

 

 

TEXTRON REPORTS Q1 PROFIT OF $118 MILLION

Textron reported a profit of $118 million for the first quarter, compared with $29 million in the same quarter in 2011. "The demand environment for our commercial aircraft and industrial products continued to improve, which reinforces our confidence in our outlook for the year..Read More 


 

 

SOUTHWEST AIRLINES REPORTS Q1 PROFIT OF $98 MILLION

Southwest Airlines reported earnings of $98 million for the first quarter, compared to $5 million for the same quarter last year. Without one-time gains from fuel hedging for the quarter, Southwest would have reported a loss. Separately, Southwest has signed an agreement with Amadeus IT Group to provide a system for international reservations..Read More 


 

 

JETBLUE AIRWAYS, EMIRATES WILL CODE-SHARE JFK FLIGHTS  

JetBlue Airways and Emirates airline, based in Dubai, have announced a code-share agreement. The agreement will cover flights from John F. Kennedy International Airport in New York. Since 2010, the two carriers have had an interline agreement..Read More

 

 

 

FLIERS CAN BYPASS LONG WAITS AT AIRPORTS WITH NEW SERVICES  

Save time waiting in line at the airport, this feature says, by using immigration services such as Global Entry, which lets passengers check in at an electronic kiosk after a one-time background check. The Transportation Security Administration's PreCheck service is free, but open only to frequent fliers on American Airlines and Delta Air Lines..Read More

 

 

 

BOEING CHIEF PILOT: TRAINING MUST TRANSFORM TO MAXIMIZE FULL PILOT POTENTIAL 

Boeing has called on the aviation industry to transform aviation training for the next generation of commercial airline pilots and maintenance technicians. At the World Aviation Training Symposium in Orlando, FL, Tuesday, Mike Carriker, Boeing Test & Evaluation chief pilot for New Airplane Development, focused on training future aviation personnel to their fullest potential to maximize the capabilities of today's high technology airplanes..Read More 

 

 

 

BIRD STRIKE HITS VICE PRESIDENTIAL PLANE IN CALIF.  

Air Force Two, which was carrying Vice President Joe Biden, was struck by birds last week while landing at Santa Barbara Airport in California. Two to three birds collided with the Boeing 757, which was grounded afterward so it could be inspected for damage..Read More 

 

 

 

GE AVIATION REPORTS STRONG GROWTH

Sales in Q1  GE Aviation reported operating earnings of $3.6 billion for the first quarter, a 17% jump from earnings in the same quarter last year. The General Electric subsidiary also reported a 7% increase in sales for the first quarter..Read More

 

 

 

GENX ENGINES POWERED JAPAN AIRLINES' 

The April 22 flight of Japan Airlines' GEnx-1B-powered Boeing 787 Dreamliner marked a number of firsts, including JAL's first flight of the newly delivered Dreamliner, the first revenue-generating flight of the GEnx-1B engine, and the first non-stop Asia to Boston flight from Tokyo's Narita International Airport to Boston's Logan International Airport..Read More 

 

 

  

GROWTH SEEN IN WORLD PMA PARTS MARKET 

The world market for PMA Parts is projected to reach $749 Million by the year 2017, according to a recently-released report from the research firm Global Industry Analysts. Growth will be primarily driven by robust gains in South East Asia, Eastern Europe and South America and by expanding Parts Manufacturer Approval and certification for a broad range of parts/components..Read More 

 

 

 

AVINODE DEMAND INDEX UP

This week's Avinode Business Intelligence report shows trip demand across Europe up 10.2% this week, and average price per hour..Read More 


 

 

HAWKER BEECHCRAFT WILL LAY OFF 350 EMPLOYEES IN KANSAS  

Hawker Beechcraft notified 350 employees in Wichita, Kan., on Monday of pending layoffs. "This remains a difficult, unprecedented time for our company, our employees and our industry," said the aircraft manufacturer in a letter to employees..Read More

 

 

 

 

UNITED IS TALKING WITH BOEING FOR NARROW-BODY JETS

United Continental is in discussions with Boeing on purchasing more than 100 and up to 200 narrow-body jets, sources say. United Continental dropped negotiations with Airbus for the jet purchase, according to the sources. "If United goes with Boeing for this order we see this as a helpful market-share gain..Read More 


 

 

GA SHIPMENTS TOTALED, 1,950 FOR 2011  

The General Aviation Manufacturers Association has updated a shipment report for 2011 after receiving information from Hawker Beechcraft. The updated report revealed general aviation shipments of 1,950 for the year, a 3.5% drop from the prior year..Read More

 

 

 

AMERICAN AIRLINES PLEADS ASE FOR LOWER LABOR COSTS

American Airlines told bankruptcy court this week that it has to reduce labor costs to stay afloat. "American has the highest labor costs in an intensely competitive industry," said attorney Jack Gallagher. "It's that simple. We need to fix this business..Read More

 

 

 

MECHANICS UNION WILL VOTE ON AMR CONTRACT NEXT WEEK  

The union representing mechanics and other workers at American Airlines plans to vote next week on the carrier's latest contract offer. AMR Corp., the parent company of American, filed for bankruptcy in November. The contract would cut "substantially" fewer than 8,500 jobs..Read More 


 

 

U.S. IS ON TRACK FOR TOURISM GROWTH  

The U.S. can expect annual tourism growth of up to 5% over the next five years, the Commerce Department says. In 2012, the department predicts 65.4 million foreign tourists will visit. "Today's forecast is a positive sign that the travel and tourism industry -- our No. 1 services export -- is growing stronger," said..Read More

 

 

 

BOMBARDIER PREDICTS STRONG GROWTH IN SERVICE REVENUE   

Bombardier could see revenue for maintenance and spare parts double to $3 billion in the next five to seven years, it said. "The installed base is increasing, there are more airplanes to be served, and there are markets today where we don't capture our share..Read More

 

 

 

POLL: WHAT TYPES OF INSTRUMENT APPROACHES DO YOU FLY MOST? 

ILS

 39.12%

I fly VFR only

 35.00%

RNAV

 13.13%

VOR

 6.22%

LPV

 5.54%

Other

 0.99%

 

 

 

SOUTHWEST STANDS BY PLAN FOR INTERNATIONAL FLIGHTS FORM HOBBY AIRPORT

Southwest Airlines stands behind its plan to add international service out of William P. Hobby Airport in Houston. "We try to look at markets that are underserved and overpriced," said Southwest CEO Gary Kelly. "And we think there's just a wonderful opportunity here to grow out of Houston..Read More

 

 

 

DELTA AIR LINES NEAR DEAL ON OIL REFINERY  

sources say  Delta Air Lines is close to finalizing a deal to purchase an oil refinery from ConocoPhillips, sources say. Delta will spend up to $125 million for the refinery in Trainer, Penn., according to the sources..Read More

 

 

 

U.S. BIZJETS SUFFER 14 FATALITIES IN FIRST QUARTER  
This year's first quarter was the deadliest for U.S.-registered business jets since 15 people were killed in four accidents in the first quarter of 2008. According to statistics gathered by AIN, in the first three months of this year 14 people were killed in three accidents involving U.S.-registered business jets. There were no fatal accidents involving U.S.-registered business jets in the first quarter of last year. The deadliest first quarter for U.S.-registered business jets in the last 16 years was in 2001, from a single accident..Read More

 

 

 

DEREGULATION SHOOK UP AIRLINES' STATUS QUO

The tribulations facing legacy airlines stem partly from deregulation in 1978, which resulted in the proliferation of budget carriers into the global market, George F. Will writes. The aggressive pricing strategies these carriers touted led to a gradual dip in airfares over the years, increased availability of air travel to the mass market and, eventually, bankruptcy for airlines that were unable to adapt to the competition..Read More  

 

 

 

ITALIAN PARLIAMENT PASSES AIRCRAFT LUXURY TAX CHANGES

Italy's parliament passed proposed changes to the aircraft luxury tax today, according to NBAA. The revised law, which increases the exemption for foreign-registered aircraft in Italy from 48 hours to greater than 45 days in one year, will take effect May 2. Non-scheduled charter flights are still exempt from the luxury tax, but the just-passed bill includes a new passenger tax for commercial flights..Read More

       

 

 

NORTH AMERICAN JET CHARTER OPS FOR ECLIPSE EFB IPADS

North American Jet Charter Group (NAJ) recently received FAA approval to use the Eclipse EFB iPad aboard its Eclipse 500s on Part 135 flights. This electronic flight bag approval gives pilots the option to use Foreflight or Jeppesen en route and approach charts, as well as paperless versions of general operating manuals and minimum equipment lists, which are all stored and referenced through the iPad interface..Read More

 

 

VOSS SAYS PILOTS MUST BAC UP AUTOMATION

"Five years ago we passed the point where automation was there to back up pilots," said Flight Safety Foundation CEO Bill Voss at last week's Flight Safety Foundation Corporate Aviation Safety Seminar in San Antonio..Read More

 

 

 

DRONE WILL SE SAFE FOR HAWAII AIR TRAFFIC, SAYS BUILDER

Despite news reports last week to the contrary, the State of Hawaii is not stuck with a useless remote-controlled drone, at least according to its builder, Paul Schultz, CEO of Hawaii-based Hawaiya Technologies..Read More

  

 

 

FAA WANTS COMMENTS ON PILOT CERTIFICATION  

The FAA is seeking comments on its proposal to upgrade Part 121 pilot certification experience requirements. The new standards would require airline first officers to hold an ATP certificate with a type rating, and airline captain applicants to have at least 1,000 hours of flight time in air carrier operations..Read More



 

JETBLUE CAPTAIN PLEADS INSANITY

Former JetBlue captain Clayton Osbon, who's still sitting in a Texas jail, has decided to plead not guilty by reason of insanity to charges of interfering with other flight crewmembers, according to a court motion filed by his attorney last week..Read More

 

 

 

PART 91 CREW REST INTERPRETATION DEBATED

The FAA's recent reinterpretation of crew rest guidance sparked a vigorous discussion at the Flight Safety Foundation Corporate Aviation Safety Seminar in San Antonio last week. During a fatigue management panel, the NBAA's Doug Carr reminded the audience that, in January, the FAA's Chief Counsel posted a new interpretation of an old Part 91 controlled-rest definition, essentially outlawing use of the original guidance for two-pilot aircraft..Read More

 

 

 

EUROPE'S REGIONS THREATENED BY LOSS OF HUB CONNECTIONS

Delegates attending the European Regions Airline Association (ERA) spring conference in Porto, Portugal, last week heard about the risks associated with policies that focus on core areas with little or no regard to protecting the provision of air services to the regions where 85 percent of Europe's population resides..Read More

All contacts, comments, and enquires will be reviewed immediately. You will have a response from our company principal, Robert Spahr, whose personal email address is: rspahr@precisionturbines.aero,just as soon as feasibly possible.

 

 

Enquiries - Phone: 561.447.0032 | Fax: 561.447.0751

For Worldwide Sales contact Robert Bertrand, Bob Clyman or Jeff Raines