1 November 2016

Dubai Government to invest US$3 billion in airport expansion

With 78 million passengers in 2015, Dubai International Airport is the world’s largest international airport by passenger numbers, having seen a 13% annual compound annual growth since 2000. In 2010 a second Dubai international airport, Al Maktoum International Airport was opened. Today, November 1, the Dubai government announced it will be investing US$3 million, with […]

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Boeing, Donghai Airlines finalize order for five 787-9 Dreamliners

Boeing and Donghai Airlines have finalized an order for five 787-9 Dreamliners, valued at US$1.32bn at current list prices. Shenzhen-based Donghai Airlines announced its intent to order 25 737 MAX 8s and five 787-9 Dreamliners in July at the Farnborough International Airshow. Today’s 787-9 order comes just weeks after the carrier finalized its 737 MAX

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Pratt & Whitney PurePower Engine selected by Qingdao Airlines for A320neo aircraft

Qingdao Airlines has selected the technologically advanced Pratt & Whitney PurePower Geared Turbofan (GTF) engine to power its order of 18 firm Airbus A320neo family aircraft. “Pratt & Whitney’s PurePower engine creates the cleaner, greener and quieter flight experience we are looking for our passengers. We’re glad to deploy this next generation engine to power

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Spirit AeroSystems posts third quarter results

Spirit AeroSystems reported third quarter 2016 financial results driven by strong operating performance of mature programs. During the quarter, Spirit purchased 7.4 million shares for US$332m, which concludes the current US$600m share repurchase program. Spirit’s third quarter 2016 revenue was US$1.7bn, up 7% compared to the same period of 2015, primarily driven by higher production

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Jet Aviation's Completions Center takes delivery of first BBJ 777-300ER for completion in Basel

Jet Aviation’s Completions Center in Basel has taken delivery of the first of two BBJ 777-300ERs ready for interior completion, commissioned by Boeing on behalf of a government client based in Asia. The aircraft arrived mid-October and was accepted by the Completions Center following an incoming inspection. This is the first BBJ 777 VVIP completion

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WestJet reports third quarter net earnings of CAD$116.0m

WestJet released its third quarter results for 2016, with net earnings of CAD$116.0m, as compared with net earnings of CAD$101.8m reported in the third quarter of 2015. WestJet achieved its 46th consecutive quarter of profitability and flew a record 5.9 million guests. Based on the trailing twelve months, the airline recorded a return on invested

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Lufthansa Technik launches "Smart Lifecycle Program" for VIP Aircraft

Lufthansa Technik has launched “Smart Lifecycle Program”, a cost per-flight-hour service for VIP and Special Mission Aircraft customers. The company has developed the first holistic and integrative smart service available on the market which can be used for a customer individual “charges-by-the-hour” service program. “Smart Lifecycle Program” covers and integrates the full scope of technical

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China’s CDB Leasing places US$1.26bn CFM LEAP-1A engine order

CDB Leasing has selected CFM LEAP-1A engines to power its first batch of next generation single-aisle aircraft orders. The firm engine order is valued at US$1.26bn at list price and deliveries are scheduled between 2018 and 2021. The LEAP-1A engine entered commercial service on August 2, 2016. A total of 10 aircraft have been delivered

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