Monthly Archives: July 2019

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Tamarack Aerospace Restarts the Clock on Warranties

Category:News

Active winglet airplanes returned to flying status.

On July 10, the FAA approved an alternative method of compliance (AMOC) for all Active Winglet equipped Citation jets, which returned CJ1, CJ2, CJ3 and M2 aircraft to flying status. EASA regulators also recently resolved flight restriction issues in Europe created around the recent Emergency Airworthiness Directive (EAD) against Tamarack active winglet installations awaiting a final resolution to the EAD. The AMOC requires aircraft operators to comply with Service Bulletin 1480 prior to flight that calls for replacing or upgrading a small actuator on the trailing edge of the camber surface. Tamarack is providing the product improvements from SB 1480 free of charge to all customers.

Tamarack’s Atlas active winglets came under scrutiny following several upset incidents in which pilots struggled to maintain control of the aircraft. EASA issued its AD on April 19, stating, “Recently, occurrences have been reported in which Atlas appears to have malfunctioned, causing upset events where, in some cases, the pilots had difficulty to recover the aeroplane to safe flight.” In the United States, the FAA issued its corresponding AD on May 24. Company president Jacob Klinginsmith told Flying, “The company has sold three sets of active winglets in just the last month.”

On a topic related to the active winglets, Klinginsmith said reports of his products being investigated by the NTSB following a Citation accident last November in Memphis, Indiana, are not accurate. “Our active winglets are not a focus of the investigation. The upset that caused authorities to look at Tamarack Aerospace winglets took place in April 2019,” fully six months after the Indiana crash.

In order to show the company’s gratitude to customers caught by the grounding, Tamarack Aerospace is restarting the clock on Atlas equipment warranties, no matter when the aircraft was originally modified, providing an additional 24 months of coverage. Tamarack Aerospace filed for bankruptcy in early June.

Source: Flying


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British Airways facing record £183 million data break fine

Category:News

British Airways is facing a record fine of £183 million in relation to last year’s breach of its security systems.

“We are surprised and disappointed in this initial finding from the ICO. British Airways responded quickly to a criminal act to steal customers’ data,” British Airways chairman and chief executive officer Alex Cruz, said.

“We have found no evidence of fraud/fraudulent activity on accounts linked to the theft.”

The proposed fine relates to a cyber incident notified to the ICO by British Airways in September 2018. This incident in part involved user traffic to the British Airways website being diverted to a fraudulent site.

Through this false site, customer details were harvested by the attackers. Personal data of approximately 500,000 customers were compromised in this incident, which is believed to have begun in June 2018.

The ICO said it was the biggest penalty it had ever handed out and the first to be made public under new rules.

BA has 28 days to appeal. Willie Walsh, chief executive of IAG, said British Airways would be making representations to the ICO.

“We intend to take all appropriate steps to defend the airline’s position vigorously, including making any necessary appeals,” he said.

 


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Garuda Indonesia shares tumble as regulator orders fixing of financial numbers

Category:News

Indonesia’s financial regulator (OJK) and stock exchange has ordered Garuda Indonesia to “repair and restate” its annual accounts – this has in turn sent the airline’s shares tumbling 7.6%, its lowest level since January.

The news comes just weeks after its two biggest private shareholders alleged it had misrepresented a $240 million transaction.

OJK has ordered Garuda Indonesia to fix unspecified errors in its 2018 annual accounts and submit a corrected version within 14 days. It has subsequently fined each of the airline’s directors Rp100m ($7,083).

According to a report from Reuters, the companies published a letter saying they had taken issue with the way the airline had forward-booked earnings from a deal with a technology provider in October 2018, saying it should have shown an additional $240 million loss.

The allegations were denied at the time by the airline’s chief financial officer Fuad Rizal. Garuda posted $5.02 million net profit on $4.37 billion of revenues in its 2018 annual report.

This figure is now under scrutiny.


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