Artificial Intelligence (AI) is probably the world’s most overrated concept now. From medical devices to metalworking equipment, AI has a stake in every pie.

The world has been on tenterhooks on which jobs would be taken over by AI. BBC quoted a report by investment bank Goldman Sachs suggested that AI could replace the equivalent of 300 million full-time jobs across the globe. It concluded many administrative, legal, architecture, and management roles could be affected.

The emergence of AI is hitting the global labour force “like a tsunami” according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. AI is likely to impact 60% of jobs in advanced economies and 40% of jobs around the world, Georgieva remarked recently at an event in Zurich organised by the Swiss Institute of International Studies. 

“We have very little time to get people ready for it, businesses ready for it, it could bring tremendous increase in productivity if we manage it well, but it can also lead to more misinformation and, of course, more inequality in our society,” Georgieva reiterated.

Ongoing Challenges

While we accept Machine Learning (ML) and AI has become part of our lives, we need to recognise it is still undergoing training. Asking a software to make smart decisions in any situation requires astronomical graphic processors and capital — which may take years before we get there. It is very hard to recreate a program to be human-like will be a big challenge even for the most sophisticated AI engineers.

General Motors’ Cruise, best known for its autonomous driving technology is back on the roads. It earlier suspended operations after hitting a pedestrian in San Francisco.

This time, when Cruise resumes operating, there will be a “safety driver” at the wheel — a safety precaution in case of emergency. Cruise reportedly said it updated its software to better respond to such incidents in the future. Cruise’s Chief Executive and other executives also resigned and the company laid off nearly a quarter of its workforce in the weeks after the accident. 

BBC added Cruise’s own investigation, commissioned through the law firm of Quinn Emanuel Urquhart & Sullivan, cited a number of faults with Cruise including an “us versus them” attitude toward regulators, and a “myopic focus” on avoiding blame in the incident.

“We acknowledge that we have failed to live up to the justifiable expectations of regulators and the communities we serve,” Cruise wrote in its blog post on the report at the time. “In doing so, we also fell woefully short of our own expectations.”

Growing Pains

AI’s entry into automotive, aviation, and the latest in dating apps. Bumble’s founder, Whitney Wolfe Herd — who recently stepped down as CEO — recently addressed how the dating app will utilise artificial intelligence while appearing at The Bloomberg Technology Summit, the New York Post reported. Herd added the app will use the advanced technology to help swiping singles narrow down their matches and not just improve people’s flirting, but also do it for them.

“There is a world where your dating concierge could go and date for you, with another dating concierge… You don’t have to talk to 600 people. It will go scan all of San Francisco for you and say, ‘These are the three people you really ought to meet.’ That’s the power of AI when harnessed the right way,” Wolfe Herd said according to The Independent. 

This new feature could help the wave of singletons reporting dating fatigue who have become exhausted by the disposable dating culture of seemingly endless matches. As AI continues to integrate into diverse sectors, from transportation to personal relationships, its potential to transform our daily lives becomes increasingly evident.

While the journey towards seamless and sophisticated AI applications is ongoing, the advancements showcased by leaders like Whitney Wolfe Herd illustrate the promising future ahead. We are on the cusp of a new era where technology not only augments our abilities but also reshapes our interactions and connections. However, we cannot afford to forget being vigilant in the event of the unexpected.

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The world’s first commercial-scale factory turning human waste into sustainable aviation fuel (SAF) has been announced. 

Source: BBC

Paul Hilditch, Firefly’s chief operating officer, said there was enough biosolids in the UK to satisfy “half of the mandated SAF demand in 2030”.

“And not just the UK of course. Anywhere in the world where there are people, there’s poo,” he added.

Firefly said it was in the process of obtaining regulatory approval for its system to be used for fuel aircraft. Wizz Air also announced it hoped to power 10% of its flights with SAF by 2030.

Anglian Water said it would provide biosolids to Firefly
Image credit – PA Media

Yvonne Moynihan, corporate and ESG (environmental, social and governance) officer at Wizz Air, said finding sustainable fuel was crucial to reducing carbon emissions from aviation. She said it would require a “ramp up of SAF production” and called on policymakers to support investment.

The government wants at least 10% of airline fuel in the UK to be made from sustainable feedstocks by 2030.

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According to a report by Allied Market Research, “Southeast Asia Air Transport MRO Market by Aircraft Type, End-Use, Organization Type, and Service Type: Southeast Asia Opportunity Analysis and Industry Forecast, 2021–2032,” the Southeast Asian air transport MRO market was valued at US$5,259.1 million in 2021, and is projected to reach US$13,481.3 million by 2032, registering a CAGR of 7.8% from 2022 to 2032.

The Air Transport MRO (Maintenance, Repair, and Operations) sector plays a vital role in ensuring safe and efficient aircraft operation. It encompasses a range of services and activities necessary to maintain & repair aircraft, systems, and components throughout their operational lifespan.

MRO services cover various aspects, including routine inspections, scheduled maintenance, unscheduled repairs, component replacements, and overall management of aircraft maintenance programs. These services are conducted by specialised MRO companies, both in-house by airlines and outsourced to third-party providers, and adhere to strict regulatory standards and guidelines to ensure compliance with safety regulations.

The return of air travels are jump starting MRO investments. Greater penetration in the commercial sector hike MRO activities in Southeast Asia.

However, the biggest challenge as seen in other industries — shortage of skilled labour and jammed supply chains are thwarting its momentum. Allied Market Research added supportive government policies by the government of the Southeast Asian countries and technological advancement by the market players are expected to provide lucrative opportunities for the expansion of the Southeast Asian air transport MRO market.

Read more here 

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A new study from Bain & Company revealed airlines can cut up to 70% of aviation emissions by 2050 by improving engine and aircraft efficiency, broadly adopting sustainable aviation fuel (SAF) and optimising aircraft operation. However, limitations to current technology mean this might not be enough for the industry to achieve its goal of reaching net zero by 2050—especially if air traffic continues to grow faster than GDP.

As a result, airlines seeking to fund their net zero transitions will start hiking ticket prices by 2026, Bain & Company predicts, reducing
forecasted global demand by 3.5% by 2030. These are among the findings of Bain & Company’s study, “A Realistic Path to Net-Zero Emissions for Commercial Aviation”.

“As air traffic continues to grow, airlines are under increasing pressure to reduce emissions in service of their 2050 net zero goals,” said Jim Harris, Co-Leader of Bain & Company’s Aerospace, Defense & Government Services practice. “Unfortunately, many of the technologies the industry needs to decarbonise are unlikely to be operating at scale by 2050. Leading airlines will develop a strategy to secure an affordable supply of SAF to mitigate rising operating costs, and manage the impacts of declining demand as a result of higher prices.”

Best Bets For 2050

Bain’s research shows airlines can reduce CO₂ emissions by 43% through fuel efficiencies with current aircraft renewal cycles and operational improvements. A new generation of evolutionary engines and aircraft frame design improvements would deliver 80% of these efficiency gains.

Continued efforts to optimise flight and ground operations would deliver the rest. For additional improvement, airlines would need to drastically accelerate fleet renewal cycles.

However, an industry-wide move to replace fleets ahead of schedule is unlikely given the business case for amortising the full value of
investments in aircraft. Incorporating SAF on a wider scale could reduce CO₂ emissions by up to 23%.

Read more here  https://shorturl.at/stORW

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The 25-employee FAA Part 145 repair station recently added metal cutting and powder coating to its capabilities, which McIntyre said allows Bevan to manufacture custom instrument panels instead of shipping that work off to contractors. “We’ve been fortunate to hire people with new talents and that’s helped us out a lot,” he said.

Based out of two, 10,000-sq-ft hangars and 2,200 sq ft of office space, avionics installation is the biggest part of Bevan’s business. It is a Garmin dealer, which McIntyre said is Bevan’s biggest vendor. Additionally, the company offers ship-in, ship-out avionics repair, and airframe and engine maintenance on piston airplanes, turboprops, and business jets.

“The ship-in, ship-out repair has changed some because a lot of what we used to work on isn’t out there,” he said. “It looks to us like a lot of the small shops that used to do that work are no longer doing it. We see that business picking up a little bit, but I think it will decline in 10 years.”

The company was started in the 1954 by Ralph Bevan. Bevan had another company, Rabell Electronics (a combination of Ralph’s first name and that of his wife, Isabell) that he eventually merged with Bevan, and for years it was known as Bevan-Rabell. It was about four years ago that McIntyre changed the name of the company to Bevan Aviation to reflect its growing turbine airplane work.

McIntyre came to Bevan in 1989 to run its installation shop and do some sales. “I was at Airplane Services in Wellington [Kansas] and kind of helped them get their STC program started and going,” he said. “At some point I just decided it wasn’t my dream anymore. I knew the owner here, Bob Patterson, and we talked it over and he made me an offer and I came up here.”

After 14 years, McIntyre bought the company in 2003 from Patterson, who was retiring. “I’d always hoped that would be an opportunity,” he added.

McIntyre got into the aviation business by working line service at the airport in Wellington while learning to fly. His interest was stirred by his uncle, who was a pilot in World War II and later would rent airplanes to fly, taking McIntyre with him. “I always tell everybody I fell off the hay wagon by the airport and never found my way home.”

During McIntyre’s tenure as owner Bevan has seen “steady, not huge growth” and will continue to do so. “I think at this point we’re perfecting our art more and more, all the time,” he added.

Bevan’s biggest challenge is the supply chain. So far, the company has been able to work around the issue most of this year by carrying more inventory than it typically would.

“You kind of throw a dart in the morning and see what you’re going to order for that day and hope you get it within the next five or six months,” McIntyre said. “Not every vendor has that problem but the majority of them do. Just-in-time inventory was great until it wasn’t.”

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GE will spin off its healthcare and energy businesses, and the remaining core of the century-old company founded by Thomas Edison will focus on aviation.

Hard hit by the 2008 financial crisis, the company has undergone several downsizing and restructuring efforts by multiple CEOs, and incurred massive debt.

The Boston-based company said in a statement the split will leave the independently run businesses better positioned to “deliver long-term growth and create value” for customers, investors and employees.

General Electric will spin off GE Healthcare in early 2023, with the parent company expecting to retain a 19.9 per cent stake, the statement said.

It would then combine three divisions – GE Renewable Energy, GE Power and GE Digital – into a single business that will be spun off in early 2024.

This is a defining moment for GE, building on the significant momentum of strengthened financial position and operating performance. They will pursue a tax-free spin-off of GE Healthcare, creating a pure-play company at the center of precision health. Following these transactions, GE will be an aviation-focused company, shaping the future of flight. 

As independently run companies, the businesses will be better positioned to deliver long-term growth and create value for customers, investors, and employees, each benefitting from:

• Deeper operational focus, accountability, and agility to meet customer needs;
• Tailored capital allocation decisions in line with distinct strategies and industry-specific dynamics;
• Strategic and financial flexibility to pursue growth opportunities; 
• Dedicated boards of directors with deep domain expertise;
• Business- and industry-oriented career opportunities and incentives for employees; and
• Distinct and compelling investment profiles appealing to broader, deeper investor bases.

In today’s portfolio of businesses, GE is on track to reduce debt by more than $75 billion by the end of 2021 and is now on track to bring its net-debt-to-EBITDA* ratio to less than 2.5x in 2023. GE will also continue to drive operating improvements for sustainable profitable growth, and the company now expects to achieve high-single-digit free cash flow margins* in 2023. As a result, GE is in a strong position to execute this plan to form three well-capitalized, investment-grade companies. 

GE Chairman and CEO H. Lawrence Culp, Jr. said, “We have a responsibility to move with speed to shape the future of flight, deliver precision health, and lead the energy transition. The momentum we have built puts us in a position of strength to take this exciting next step in GE’s transformation and realize the full potential of each of our businesses.”

References :
1. Press Release_GE
2. Ryan Beene_Bloomberg
3. Business Times

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Airlines in Asia Pacific will suffer a large revenue drop of US$113 billion in 2020 compared to 2019, and a 50 percent fall in passenger demand in 2020 compared to 2019 with the worsening COVID-19 crisis, according to the International Air Transport Association (IATA). Furthermore, IATA expects a $314 billion drop in total world carrier earnings this year. Here are some of the measures in the region:

• Singapore Airlines has grounded 96 percent of its approximately 200-plane fleet on March 23 and resuming of operations is unclear.
• Thai Airways has cancelled all international flights and transferred flights from Bangkok to Phuket, Krabi and Chiang Mai to its sister company Thai Smile Airways. The cancellations will last until May 30.
• Philippine Airlines and Cebu Pacific flights have been suspended until May 15. The airlines are committed to resume operations starting May 16, 2020, depending on government mandates and regulations.
• Malaysia Airlines suspended flight operations across its network until May 2020 for domestic and June 2020 for international services.
• Indonesia commercial flights—domestic and international—are banned until June 1
• Vietnam’s Jetstar Pacific has suspended international flight and cut back domestic flying

The demand for Maintenance, Repair and Overhaul (MRO) services are high dependant on the size and flight activity of global fleets. With grounded aircrafts, demand for these services diminishes and MRO providers and spare parts suppliers will suffer, according to a report by Roland Berger.

The original forecast for MRO spending in 2020 has been adjusted with a 59 percent drop for the region—from US$91.2 billion to US$42.7 billion (Oliver Wyman). Major players such as Boeing are switching its focus to defence from commercial flights to weather the crisis while Airbus has postponed ramp up of commercial aircrafts (Globaldata). Furthermore, Airbus has recently dropped out of a joint venture with Thai Airways International for the development of a 11-billion-baht MRO facility at Thailand’s U-Tapao Airport due to the impact of COVID-19.

Despite the bleak outlook, there is hope for the industry with global efforts. Companies like Rolls-Royce has established a COVID-19 data alliance to kickstart economy into recovery. Moreover, general aviation is playing an active role in the fight against the pandemic by providing transport of medical supplies and key personnel.

WE LOVE TO HEAR FROM YOU!

As the pandemic is still evolving, what is the future of the aviation and MRO industry? How is the situation in your region? How have you been impacted? What do you think are some strategies which could help this sector recover from the impact? 

Do send us you insights and drop us a note at  apmen1@epl.com.sg!

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The post How Is COVID-19 Impacting The Aircraft MRO Industry In SEA? appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.

Blanking processes currently hold a huge market share and this can be attributed to the popularity of the technique among the automotive, aerospace and aviation and consumer electronics sector as this is a process that can mass produce precise and superior quality metal work pieces in large volumes at low costs. Similarly, the application of metal stamping in the automotive industry is highly popular, especially in China and India as both countries are experiencing rapid technological advancements and possess a large number of automotive metal stamping companies.

Growth of the market in Asia Pacific is expected to continue as the region held the largest share of the global metal stamping market in 2017, followed by Europe and North America. This can be attributed to factors such as the displacement of manufacturing from the west to the east, rising regional industrialisation,increased investment inflows and industrial growth across numerous sectors.

The post Global Metal Stamping Market Forecast appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.

Currently, Hanwha is the only aircraft engine maker in South Korea and is recognised as one of the world’s top 10 most technologically advanced aerospace companies. Thus, it is expected that the company’s investment in Vietnam will facilitate the development of Vietnam’s aviation and precision mechanical industries. Additionally, it is projected that by 2024, the factory in the Hoa Lac Hi-tech Park would have around 900 employees with an investment capital of US$370 million, symbolising a strong technological transfer between South Korean and Vietnamese enterprises and enabling an advancement towards the development of high technology capabilities within Vietnam.

In addition to its main facility currently in Changwon, South Korea, Hanwha Aero Engines is the second production base of Hanwha Aerospace.  Therefore, this factory is a major part of the South Korean engine marker’s plans in terms of increasing its market share of civil aircraft engine parts to about US$ 879 million and leading the aircraft parts processing industry by 2025.

According to Minister of Science and Technology, Chu Ngoc Anh, the Hoa Lac Hi-tech Park has 87 investment projects as of now and possesses a registered capital of US$3.34 billion. However, the Hanwha brand name would lay the foundation for Hoa Lac to attract more hi-technology companies from other countries which would contribute significantly to Vietnam’s science-technology capabilities.

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The partnership agreed at the Formula 1 Etihad Airways Abu Dhabi Grand Prix last weekend, will enable Etihad Airways Engineering to produce aircraft parts at their facility in Abu Dhabi. Visitors to the race were also able to view a full-scale 3D printed front wing of a Formula 1 car and speak to 3D printing experts.

The initial phase of this collaboration, which uses EOS technology with an EOS system for additive manufacturing (AM), will include the qualification of machine, process and materials in accordance with aviation regulatory requirements.

Following a structured selection process, suitable cabin interior parts will be produced through the AM process, which offers a substantial value-add in terms of optimised repair, lightweight design, shorter lead times and customisation options, particularly during aircraft modifications.

Bernhard Randerath, Vice President Design, Engineering and Innovation at Etihad Airways Engineering said: “Etihad constantly invests in new technology and has identified additive manufacturing as a key technology for aviation interior parts, as well as applications beyond aerospace in the future.

“The technology is a key enabler when it comes to design and innovation in our industry. Etihad is proud to work towards a vision of a 3D-printed cabin interior.”

Markus Glasser, Senior Vice President Export Region at EOS adds: “Etihad is providing industry-leading aircraft maintenance and engineering solutions. As such we share the same mindset as both of our companies are committed to high quality solutions and constant technology innovation. We are honored to support our partner on this innovation journey, as such bringing the production of aircraft interior parts to the next level.”

After the initial steps have been completed, Etihad Airways Engineering will certify the AM process, further develop additive manufacturing capabilities based on this technology and jointly with EOS develop, test and qualify new polymer materials. In the long term, Etihad aims to roll out AM to its global customer base and broader ecosystem.

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