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		<title>aviation &#8211; Official POSCO Group Newsroom</title>
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            <title>aviation &#8211; Official POSCO Group Newsroom</title>
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				<title>Clear Landing into 2018: What’s Ahead for the Aviation Industry</title>
				<link>https://newsroom.posco.com/en/clear-landing-2018-whats-ahead-aviation-industry/</link>
				<pubDate>Thu, 14 Dec 2017 10:43:19 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Steel Matters]]></category>
		<category><![CDATA[2017]]></category>
		<category><![CDATA[2018 Fleet & MRO Forecasts]]></category>
		<category><![CDATA[Airbus]]></category>
		<category><![CDATA[aircraft]]></category>
		<category><![CDATA[airline]]></category>
		<category><![CDATA[airline industry]]></category>
		<category><![CDATA[airplane]]></category>
		<category><![CDATA[aviation]]></category>
		<category><![CDATA[Aviation Industry]]></category>
		<category><![CDATA[Aviation Week Network]]></category>
		<category><![CDATA[cars]]></category>
		<category><![CDATA[city]]></category>
		<category><![CDATA[CityAirBus]]></category>
		<category><![CDATA[F-35 fighter jets]]></category>
		<category><![CDATA[FAA]]></category>
		<category><![CDATA[Federal Aviation Administration]]></category>
		<category><![CDATA[flying car]]></category>
		<category><![CDATA[global]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[maintenance repairs and overhaul]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[Military aircraft]]></category>
		<category><![CDATA[military jets]]></category>
		<category><![CDATA[MRO]]></category>
		<category><![CDATA[service]]></category>
		<category><![CDATA[Terrafugia]]></category>
		<category><![CDATA[transportation]]></category>
		<category><![CDATA[travel]]></category>
		<category><![CDATA[uber]]></category>
		<category><![CDATA[uber aircraft]]></category>
		<category><![CDATA[Uber electric aircracft taxi]]></category>
		<category><![CDATA[Uber electric taxi]]></category>
		<category><![CDATA[Uber taxi]]></category>
		<category><![CDATA[UberAIR]]></category>
		<category><![CDATA[US FAA]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[Volvo]]></category>
		<category><![CDATA[Volvo flying car]]></category>
		<category><![CDATA[Volvo TF-X]]></category>
									<description><![CDATA[2017 has been a steady year for the global airline industry, with an expected net profit of about USD 30 billion in 2017, down slightly from USD 35 billion in]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">2017 has been a steady year for the global airline industry, with an expected net profit of about </span><a href="http://atwonline.com/blog/uncertain-times-global-airline-industry-s-2017-watch-points" target="_blank" rel="noopener"><span style="font-weight: 400;">USD 30 billion</span></a><span style="font-weight: 400;"> in 2017, down slightly from </span><a href="http://atwonline.com/airline-financials/iata-forecasts-drop-global-airline-profitability-2017" target="_blank" rel="noopener"><span style="font-weight: 400;">USD 35 billion in 2016</span></a><span style="font-weight: 400;">. Higher labor costs, as well as the rising cost of oil, contributed to the downturn. Unfortunately, oil prices are projected to reach up to </span><a href="https://knoema.com/yxptpab/crude-oil-price-forecast-2017-2018-and-long-term-to-2030" target="_blank" rel="noopener"><span style="font-weight: 400;">USD 100 per barrel by 2030</span></a><span style="font-weight: 400;">, double the current market prices of around USD 50. </span></p>
<p><span style="font-weight: 400;">The future may look uncertain for commercial aviation, but the increasing demand for passenger flights, the need for new aircraft as well as new innovations are expected to stimulate the industry in 2018 and beyond. </span></p>
<p><strong>SEE ALSO: <a href="https://newsroom.posco.com/en/game-changers-aviation-will-empower-way-fly/?utm_source=blog&amp;utm_medium=social" target="_blank" rel="noopener">Game Changers in Aviation that Will Empower the Way We Fly</a></strong></p>
<h2><b>Smaller planes, more frequent miles</b></h2>
<p><span style="font-weight: 400;">City pairs, or pairs of departure and arrival airports, are growing around the globe. According to Aviation Week Network’s </span><a href="http://pages.aviationweek.com/2018Forecast" target="_blank" rel="noopener"><span style="font-weight: 400;">2018 Fleet &amp; MRO Forecasts</span></a><span style="font-weight: 400;">, South Asia’s routes will increase from 650 in 2006 to 1200 by 2026. African routes will expand from 1400 to 2600 in the same time frame and Russia and the CIS region will see an additional 1000 routes by 2026. </span></p>
<p><span style="font-weight: 400;">For such city pairs, 100 to 150-seat aircrafts are ideal, and airlines will opt to add more of the crafts to their fleet over larger crafts that are hard to fill.</span></p>
<div id="attachment_13380" style="width: 612px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/12/Smaller-Aircraft.jpg" target="_blank" rel="noopener"><img class="wp-image-13380 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/12/Smaller-Aircraft.jpg" alt="Aviation frontal view of a large plane behind a smaller plane." width="602" height="380" /></a><p class="wp-caption-text">Smaller, 100 to 150-seat planes will be in higher demand. (Source: <a href="https://www.quora.com/topic/Aerospace-and-Aeronautical-Engineering" target="_blank" rel="noopener">Quora</a>)</p></div>
<p><span style="font-weight: 400;">The growing global demand for passenger flights will further contribute to the need for more small-sized planes. In 2016, a total of </span><a href="http://www.travelagewest.com/Travel/Trending/Top-5-Airline-Trends-for-2018-and-Beyond/#.Wi95XVWWaHt" target="_blank" rel="noopener"><span style="font-weight: 400;">3.8 billion passengers</span></a><span style="font-weight: 400;"> flew the skies, and the number is projected to reach </span><a href="https://www.traveldailynews.com/post/strong-airline-profitability-continues-in-2018" target="_blank" rel="noopener"><span style="font-weight: 400;">4.3 billion in 2018</span></a><span style="font-weight: 400;">.</span></p>
<h2><b>Out with the old, in with the new</b></h2>
<p><span style="font-weight: 400;">In the next 20 years, most of the existing fleet of aircraft will retire, and be replaced with new aircrafts. This will create an increased demand for airplane parts, new technology and labor. The overall volume of the global fleet will increase at an average yearly rate of </span><a href="https://www.prnewswire.com/news-releases/aviation-week-network-releases-2018-fleet--mro-forecasts-300529084.html" target="_blank" rel="noopener"><span style="font-weight: 400;">3.1 percent</span></a><span style="font-weight: 400;">, and a major bulk of the supply is projected to come from the Asia-Pacific region.</span></p>
<div id="attachment_13377" style="width: 611px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en//wp-content/uploads/2017/12/Aircraft-MRO.jpg" target="_blank" rel="noopener"><img class="wp-image-13377" src="https://newsroom.posco.com/en//wp-content/uploads/2017/12/Aircraft-MRO-1024x501.jpg" alt="Four aviation maintenance workers examine an aircraft engine." width="601" height="294" /></a><p class="wp-caption-text">MRO for older aircraft will open new business opportunities. (Source: <a href="https://www.crescentcap.com/multi-strategy" target="_blank" rel="noopener">Crescent Capital</a>)</p></div>
<p><span style="font-weight: 400;">To add, the cost of maintenance, repairs and overhaul (MRO) for aircrafts older than 10 years will reach </span><a href="https://www.prnewswire.com/news-releases/aviation-week-network-releases-2018-fleet--mro-forecasts-300529084.html" target="_blank" rel="noopener"><span style="font-weight: 400;">USD 1 trillion</span></a><span style="font-weight: 400;"> for the first time ever, creating more business opportunities for suppliers and service providers. </span></p>
<h2><b>Military aircraft will play its part in the Aviation Industry</b></h2>
<p><span style="font-weight: 400;">In the U.S., the government is planning to spend </span><a href="http://edition.cnn.com/2015/07/16/politics/f-35-jsf-operational-costs/index.html" target="_blank" rel="noopener"><span style="font-weight: 400;">USD 400 billion</span></a><span style="font-weight: 400;"> on fifth generation </span><a href="https://www.f35.com/about" target="_blank" rel="noopener"><span style="font-weight: 400;">F-35 fighter jets</span></a><span style="font-weight: 400;"> made by Lockheed Martin Corp, and </span><a href="https://www.reuters.com/article/us-airshow-paris-f35/exclusive-lockheed-nears-37-billion-plus-deal-to-sell-f-35-jet-to-11-countries-idUSKBN1990S8" target="_blank" rel="noopener"><span style="font-weight: 400;">11 other countries</span></a><span style="font-weight: 400;"> are currently working out a purchase deal worth over </span><a href="https://www.reuters.com/article/us-airshow-paris-f35/exclusive-lockheed-nears-37-billion-plus-deal-to-sell-f-35-jet-to-11-countries-idUSKBN1990S8" target="_blank" rel="noopener"><span style="font-weight: 400;">USD 37 billion</span></a><span style="font-weight: 400;">. </span></p>
<div id="attachment_13378" style="width: 612px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/12/F-35.jpg" target="_blank" rel="noopener"><img class="wp-image-13378" src="https://newsroom.posco.com/en/wp-content/uploads/2017/12/F-35.jpg" alt="Two 5th generation F-35 fighter jets in the sky." width="602" height="339" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/12/F-35.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/12/F-35-640x360.jpg 640w, https://newsroom.posco.com/en/wp-content/uploads/2017/12/F-35-768x432.jpg 768w" sizes="(max-width: 602px) 100vw, 602px" /></a><p class="wp-caption-text">Fifth generation F-35 fighter jets are one of the most advanced military jets ever. (Source: <a href="https://gizmodo.com/5994053/the-navys-next-gen-fighter-jets-could-be-a-new-kind-of-bulletproof" target="_blank" rel="noopener">Gizmodo</a>)</p></div>
<p><span style="font-weight: 400;">Moreover, </span><a href="http://www.oagaviation.com/" target="_blank" rel="noopener"><span style="font-weight: 400;">USD 67.3 billion</span></a><span style="font-weight: 400;"> is projected to be spent on the MRO of the world’s military aircraft, up 14.9 percent from USD 58.6 billion in 2008. With increasing tensions all over the world and subsequent rise in defense spending, demand for military aircraft will likely continue. </span></p>
<h2><b>And then there’s flying cars</b></h2>
<p><span style="font-weight: 400;">Although not traditionally counted as part of the aviation industry, flying cars are popping up in cities around the world and blurring the lines that define different transportation industries. With increasing investment, flying vehicles may become a reality in the next couple of years, and most will be flying on clean fuel. Here are some companies with plans to launch flying cars.</span></p>
<div id="attachment_13381" style="width: 612px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/12/TF-X.jpg" target="_blank" rel="noopener"><img class="wp-image-13381" src="https://newsroom.posco.com/en/wp-content/uploads/2017/12/TF-X.jpg" alt="A TF-X flying car is parked outside in a city." width="602" height="457" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/12/TF-X.jpg 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/12/TF-X-768x583.jpg 768w" sizes="(max-width: 602px) 100vw, 602px" /></a><p class="wp-caption-text">Volvo’s TF-X is one of several flying cars in development. (Source: <a href="https://www.theverge.com/2017/11/13/16643342/volvo-geely-terrafugia-flying-car-acquisition" target="_blank" rel="noopener">The Verge</a>)</p></div>
<h3><b>Uber</b></h3>
<p><span style="font-weight: 400;">Uber recently announced its partnership with NASA to develop an electric aircraft taxi service called UberAIR, planned to be up and running in 2020. If successful, the vehicle will be quieter than a helicopter, travel up to </span><a href="https://www.fastcompany.com/40411391/inside-ubers-ambitious-project-to-fill-the-sky-with-flying-taxis" target="_blank" rel="noopener"><span style="font-weight: 400;">150 mph</span></a><span style="font-weight: 400;"> and charging will only take about 4 minutes. Uber has plans to test the service shortly in L.A., after successful trials in Dallas and Dubai. If all goes well, travel time in L.A.’s rush hour can decrease by a third. </span></p>
<h3><b>Airbus</b></h3>
<p><span style="font-weight: 400;">Airbus is looking to </span><a href="https://techcrunch.com/2017/10/05/airbus-on-track-to-fly-its-electric-aerial-taxi-in-2018/" target="_blank" rel="noopener"><span style="font-weight: 400;">launch their CityAirBus</span></a><span style="font-weight: 400;"> in the skies for taxi service in 2018. The all-electric vertical takeoff vehicles will transport people up to </span><a href="https://techcrunch.com/2017/10/05/airbus-on-track-to-fly-its-electric-aerial-taxi-in-2018/" target="_blank" rel="noopener"><span style="font-weight: 400;">80 mph</span></a><span style="font-weight: 400;"> over congested traffic to destinations like rooftops, train stations and airports. The vehicles can carry up to 4 passengers at a time and travel up to 80 mph. In the beginning stages of its launch, Airbus plans to have a pilot on board the flights over fixed routes, but will work towards autonomous operations. </span></p>
<h3><b>Volvo</b></h3>
<p><span style="font-weight: 400;">Geely, which is the parent company that owns Volvo, recently purchased a flying-car startup, Terrafugia. The company aims to have its flying cars in operation by 2019, with a range of </span><a href="https://www.express.co.uk/life-style/cars/880770/Volvo-flying-car-Terrafugia-TFX-Geely" target="_blank" rel="noopener"><span style="font-weight: 400;">400 miles on a single charge</span></a><span style="font-weight: 400;"> and travel speed of up to 100 mph. Terrafugia already received the </span><a href="http://www.independent.co.uk/life-style/gadgets-and-tech/flying-cars-transition-volvo-us-tech-start-up-geely-investment-terrafugia-a8056576.html" target="_blank" rel="noopener"><span style="font-weight: 400;">U.S. Federal Aviation Administration’s (FAA) approval</span></a><span style="font-weight: 400;"> to start flying. They are also working on their next model, the TF-X, which can fly up to 200 mph and will cost around </span><a href="https://www.express.co.uk/life-style/cars/880770/Volvo-flying-car-Terrafugia-TFX-Geely" target="_blank" rel="noopener"><span style="font-weight: 400;">EUR 180,000</span></a><span style="font-weight: 400;">.</span></p>
<p><span style="font-weight: 400;">The aviation industry will see many changes in the coming years. Although steeply rising oil prices will play a major factor in the profitability of the industry, the rising demand for passenger flights, increased military spending and new innovations will lead production and create new business opportunities for 2018 and beyond.</span></p>
<p>&nbsp;</p>
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					<item>
				<title>Game Changers in Aviation that Will Empower the Way We Fly</title>
				<link>https://newsroom.posco.com/en/game-changers-aviation-will-empower-way-fly/</link>
				<pubDate>Fri, 18 Aug 2017 10:49:58 +0000</pubDate>
				<dc:creator><![CDATA[posconews]]></dc:creator>
						<category><![CDATA[Steel Matters]]></category>
		<category><![CDATA[3d printed airplane]]></category>
		<category><![CDATA[3d printed engine]]></category>
		<category><![CDATA[3d printed titanium]]></category>
		<category><![CDATA[3d printing]]></category>
		<category><![CDATA[aircraft]]></category>
		<category><![CDATA[airplane]]></category>
		<category><![CDATA[airplane engine]]></category>
		<category><![CDATA[airplane technology]]></category>
		<category><![CDATA[airplane wings]]></category>
		<category><![CDATA[aviation]]></category>
		<category><![CDATA[carbon emissions]]></category>
		<category><![CDATA[Cessna Denali]]></category>
		<category><![CDATA[Dr Jennifer Holmgren]]></category>
		<category><![CDATA[engine]]></category>
		<category><![CDATA[engineering]]></category>
		<category><![CDATA[green jet fuel]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[international civil aviation organisation]]></category>
		<category><![CDATA[international civil aviation organization]]></category>
		<category><![CDATA[lightweight]]></category>
		<category><![CDATA[NASA]]></category>
		<category><![CDATA[partnership]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[steel 3d printing]]></category>
		<category><![CDATA[steel mill]]></category>
		<category><![CDATA[steel production]]></category>
		<category><![CDATA[Textron Aviation]]></category>
		<category><![CDATA[Virgin Atlantic]]></category>
									<description><![CDATA[With the International Civil Aviation Organisation calling on the aviation industry to reduce its carbon footprint, a host of aircraft manufacturers are]]></description>
																<content:encoded><![CDATA[<p><span style="font-weight: 400;">With the </span><a href="https://www.edie.net/news/6/Aviation-industry-urged-to-use-forward-looking-solutions-to-combat-climate-change/" target="_blank" rel="noopener"><span style="font-weight: 400;">International Civil Aviation Organisation</span></a><span style="font-weight: 400;"> calling on the aviation industry to reduce its carbon footprint, a host of aircraft manufacturers are turning to innovative and efficient solutions. </span><span style="font-weight: 400;">Read on to find out about some of the most innovative aviation projects that recently took off in an effort to find greener and more efficient ways to fly. </span></p>
<h2><b>Textron Aviation 3D-Printed Engine </b></h2>
<p><span style="font-weight: 400;">With the rise of new technologies, innovative ideas in the aviation industry are taking off in an effort to streamline manufacturing processes and improve the aircraft performance. In 2016, Textron Aviation unveiled its new 10-person business aircraft, </span><a href="http://cessna.txtav.com/turboprop/denali" target="_blank" rel="noopener"><span style="font-weight: 400;">the Cessna Denali</span></a><span style="font-weight: 400;">, powered by a propeller engine that consists of 3D-printed titanium and steel components. </span></p>
<div id="attachment_12671" style="width: 650px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/08/Cessna-Denali.png" target="_blank" rel="noopener"><img class="wp-image-12671 size-large" src="https://newsroom.posco.com/en/wp-content/uploads/2017/08/Cessna-Denali-1024x805.png" alt="Textron Aviation’s 10-person business aircraft, the Cessna Denali, is powered by a propeller engine that consists of 3D-printed titanium and steel components" width="640" height="503" srcset="https://newsroom.posco.com/en/wp-content/uploads/2017/08/Cessna-Denali-1024x805.png 1024w, https://newsroom.posco.com/en/wp-content/uploads/2017/08/Cessna-Denali-800x629.png 800w, https://newsroom.posco.com/en/wp-content/uploads/2017/08/Cessna-Denali-768x604.png 768w" sizes="(max-width: 640px) 100vw, 640px" /></a><p class="wp-caption-text">The Cessna Denali’s propeller engine that consists of 3D-printed titanium and steel components (Source: Textron Aviation)</p></div>
<p><b></b><span style="font-weight: 400;">The engine, which was developed by GE and Textron Aviation after a decade of research and development, features the benefits of a private jet but at an entry-level price. Engineers were able to reduce </span><a href="http://www.ge.com/reports/mad-props-3d-printed-airplane-engine-will-run-year/" target="_blank" rel="noopener"><span style="font-weight: 400;">855 separate parts down to just 12 components</span></a><span style="font-weight: 400;"> and also reduced the number of steps to make the engine. </span></p>
<p><span style="font-weight: 400;">There are numerous benefits that come with this 3D-printed engine. As 3D-printed parts and materials weigh significantly less than traditional parts, airline manufacturers can benefit from fuel-efficiency gains. The engine can burn up to 20 percent less fuel and achieve 10 percent more power compared to other engines of the same class. Also, the engine eliminates the risk of losses and leakage as the 3D-printed parts have no joints. A test flight is planned to take place in early 2018. </span></p>
<h2><b>Virgin Atlantic Green Jet Fuel</b></h2>
<p><span style="font-weight: 400;">As major contributors of carbon emissions, more and more airlines are choosing to go cleaner and greener. In partnership with LanzaTech, Virgin Atlantic has derived 1,500 gallons of low carbon jet fuel from waste industrial gases from steel mills. The carbon used to make the fuel, Lanzanol, is made from ethanol, which is captured through a fermentation process during steel production.</span></p>
<div id="attachment_12670" style="width: 650px" class="wp-caption aligncenter"><a href="https://newsroom.posco.com/en/wp-content/uploads/2017/08/Atlantic-jet-fuel.jpg" target="_blank" rel="noopener"><img class="wp-image-12670 size-full" src="https://newsroom.posco.com/en/wp-content/uploads/2017/08/Atlantic-jet-fuel.jpg" alt="A partnership between Virgin Atlantic and Lanza Tech successfully produced a low carbon Jet fuel made out of waste gases from steel mills." width="640" height="360" /></a><p class="wp-caption-text">Virgin Atlantic’s Jet fuel made out of waste gases from steel mills (Source: Virgin Atlantic)</p></div>
<p>This innovative low carbon fuel project is expected to reduce the aviation industry’s reliance on oil. According to LanzaTech, the process could be retrofitted to 65 percent of the world’s steel mills, producing 30 billion gallons of ethanol worldwide. It will ultimately cut emissions by 65 percent compared to using standard petroleum-based fuel.</p>
<p><span style="font-weight: 400;">Dr Jennifer Holmgren, chief executive of LanzaTech, said “We can now truly imagine a world where a steel mill can not only produce the steel for the components of the plane but also recycle its gases to produce the fuel that powers the aircraft.”</span></p>
<p><span style="font-weight: 400;">Other airlines are also turning to greener solutions. While Airbus is collaborating with Siemens to introduce a range of </span><a href="https://www.edie.net/news/8/Airbus-and-Boeing-take-flight-in-aviation-innovation-push/" target="_blank" rel="noopener"><span style="font-weight: 400;">hybrid passenger planes</span></a><span style="font-weight: 400;">, Boeing is working with NASA to curb emissions through </span><a href="https://www.nasa.gov/image-feature/ames/slimmed-down-aircraft-wing-expected-to-reduce-fuel-and-emissions-by-50/" target="_blank" rel="noopener"><span style="font-weight: 400;">slimmed down aircraft wings</span></a><span style="font-weight: 400;">. </span></p>
<p><span style="font-weight: 400;">Thanks to these innovative aviation projects taking off, commercial jets are becoming greener and more technologically advanced. If engineers can make 3D-printed parts to lightweight an engine and use waste from steel mills to fuel planes, one can only wonder what forthcoming innovations will further empower the aviation industry.</span></p>
<p>&nbsp;</p>
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