US aviation authority orders A380 engine inspections after Air France incident

Above, a photo from the Twitter account of @Bdaddy1391 shows the damaged engine of an Air France A380 aircraft. The Air France A380 superjumbo carrying more than 500 people made an emergency landing in Canada after suffering “serious damage” to one of its four engines. (Twitter via AFP)
Updated 13 October 2017

US aviation authority orders A380 engine inspections after Air France incident

SINGAPORE: US aviation authorities have ordered visual inspections of fan hubs in engines used on some Airbus SE A380 jets after an engine came apart on an Air France flight last month, forcing it to make an emergency landing.
The US Federal Aviation Administration (FAA) issued an emergency airworthiness directive requiring owners and operators of Engine Alliance (EA) Model GP7200 series engines to visually inspect the engines and remove the fan hub if defects are found.
The EA engines are manufactured by a 50-50 joint venture between General Electric Co. and United Technologies Corp’s Pratt & Whitney unit.
The FAA directive formalizes advice circulated by the engine company on Thursday. EA declined immediate comment.
GP7200 engines account for 60 percent of the global market share of engines that power Airbus A380 superjumbos currently in service, according to Corrine Png, the CEO of transport research firm Crucial Perspective.
In addition to Air France, the affected airlines include Emirates, the world’s largest A380 operator, as well as Etihad Airways, Qatar Airways and Korean Air Lines.
The FAA said the directive, an interim measure, was prompted by the failure of the fan hub on the affected engine on the Air France aircraft.
“An investigation to determine the cause of the failure is on-going and we may consider additional rulemaking if final action is identified,” it said in a statement.
Depending on the number of flight cycles, the inspections must be performed within the next two to eight weeks.
A380 aircraft powered by the rival Rolls-Royce Holdings PLC Trent 900 engine are not affected by the directive.


Iran’s currency sees a new record low amid biting sanctions

Updated 01 October 2020

Iran’s currency sees a new record low amid biting sanctions

TEHRAN: Iran’s currency dropped Thursday to its lowest value ever at 300,000 rial for each dollar amid severe US sanctions against the country.
The rial has tumbled from a rate of around 262,000 in mid-September, a 12% drop.
Iran’s currency was at 32,000 rials to the dollar at the time of Tehran’s 2015 nuclear deal with world powers.
US sanctions have caused Iran’s oil exports, the country’s main source of income, to fall sharply.
Following President Donald Trump’s decision more than two years ago to withdraw the US from the nuclear deal and reimpose crippling trade sanctions on Iran, the currency unexpectedly rallied for some time.
Iranian officials for months have warned exporters to bring their foreign earnings home from abroad or face having their export licenses revoked, and the central bank has warned it would publish the names of violators.
In June, the central bank reported that Iranian companies export more than $40 billion in non-oil products per year, and officials say some 50% of that remains abroad. Traders blame the sanctions for sparking a failure in returning export earnings.