Boeing projects that Southeast Asia is poised to emerge as a global leader in air traffic and fleet expansion, with its commercial airplane fleet set to nearly quadruple to more than 4,000 jets by 2042. The region is expected to witness unprecedented growth, establishing itself as the world’s fastest-growing single-aisle airplane market over the next
Crisalion Mobility, a Spanish leader in the design and development of advanced electric mobility solutions, will make its Dubai Airshow debut this year, where it will introduce its new eVTOL (electric vertical take-off and landing) aircraft INTEGRITY. “Dubai Airshow is a global platform of the latest and greatest developments in our industry, and we are
InterGlobe Enterprises (InterGlobe), India’s leading travel and hospitality conglomerate and Archer Aviation (Archer), a pioneer in electric vertical take-off and landing (eVTOL) aircraft, have jointly announced a memorandum of understanding (MOU) to collaborate on launching and operating an innovative all-electric air taxi service in India, pending regulatory approvals. Rahul Bhatia, Group Managing Director of InterGlobe,
In recent months throughout the aviation industry, there have been many issues and challenges. Aircraft engines in particular have felt the impacts of shop visit escalations, costs of ownership, inflationary pressures, and a higher cost of borrowing. Operators who have newer generation engines such as the LEAP-1A and PW1100G are feeling these impacts to a
Eva Air has placed a significant order with Airbus. The Taiwanese carrier has chosen to acquire 18 A350-1000 jets, marking a successful expansion of Airbus’ largest wide-body model. In addition to the A350-1000s, Eva Air will also add 15 A321neo single-aisle aircraft to its growing fleet. The total value of this deal is estimated at
Xiamen Airlines and CFM International have signed an agreement for the purchase of LEAP-1A engines, to power its 15 A321neo and 25 A320neo aircraft, including spare engines. CFM International has also signed a services agreement for the carrier’s LEAP-1B and CFM56-7B fleets. Xiamen Airlines has been a CFM customer since 1992, when it purchased its
China Eastern Airlines has signed an order for 25 GEnx-1B engines to power its Boeing 787 fleet at the 6th China International Import Expo. The order also includes a long-term TrueChoice services agreement. China Eastern Airlines has been a GEnx customer since 2018 when it first purchased 15 GEnx-powered Boeing 787 aircraft, plus the TrueChoice services
CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has announced on the side-lines of Airline Economics’ Growth Frontiers 2023 Singapore conference, the signing of lease agreements for a fleet of three new Boeing 737 MAX 8 and three Airbus A320neo aircraft with its existing Chinese airline customer, Hainan
Stratos has continued its successful placement of various aircraft for third-parties. The company recently arranged the sale of an ex-Philippine Airlines’ B777-300ER,MSN61733, which was delivered to a leading Middle Eastern VIP operator. The six-year-old aircraft was sold on behalf of a syndicate of mainly European lenders led by NordLB who retained Stratos to repossess and
Belgium’s national airline and member of the Lufthansa Group, Brussels Airlines, has taken delivery of its first out of five new A320neo aircraft. The A320neo is part of the airline’s fleet renewal strategy to operate the latest state-of-the-art, efficient aircraft in order to meet Brussels Airlines’ ambitious sustainability targets. The A320neo incorporates the latest technologies, including new-generation
