The immediate repercussions of President Trumps decision to pull out of the nuclear accord with Iran will see export licenses for Boeing and Airbus revoked according to Steve Mnuchin, U.S. Treasury secretary. While based in Toulouse, France, Airbus is directly affected as over ten percent of its planes’ parts are manufactured in the U.S. by
With Air France striking for a fourteenth day since this round of strike action began in February, Air France CEO Jean-Marc Janaillac has resigned, causing the share price of Air France to plummet. The Group has had trouble with the French unions for a long time. More recently, the pilot’s union SNPL has carried out
The Supervisory Board of Deutsche Lufthansa AG has approved the order of up to 16 additional aircraft in a meeting on May 7. The list price of the aircraft is approximately €2.1bn. Delivery is scheduled to take place in stages until 2022. The investment plan for the 2018 fiscal year remains unchanged. The order includes
The International Air Transport Association (IATA), which represents some 280 airlines comprising 83% of global air traffic, has released data for global air freight markets revealing that demand, measured in freight tonne kilometers (FTKs), was up 1.7% in March 2018, compared to March 2017. This represents a drop of five percentage points compared to the
In a press release issued on May 3, by Bombardier, aside from highlighting a 12% increase in year-over-year revenue to US$4bn, the plane and train maker has also announced that it has entered into a definitive agreement to sell its Downsview, Toronto property to the Public Sector Pension Investment Board for approximately US$635 million, giving
Boeing has announced that it has entered into a definitive agreement to acquire KLX Inc. excluding KLX Inc.’s Energy Services Group. KLX is a major independent provider of aviation parts and services within the aerospace industry. The intention is for KLX to become fully integrated with Boeing’s Aviall in order to broaden the scope of
On a vote of 393-13 the House of Representatives has passed the Federal Aviation Administration (FAA) reauthorization bill which has guaranteed the agency’s funding for the next five years. The legislation has also included provision for directing how disaster funds are spent, though there is no financial allocation via the measure for such programs. Legislation
Southwest Airlines has revised its future firm order delivery schedule with Boeing to support future fleet modernization. The Company exercised 40 737 MAX 8 options which adds 10 additional firm orders in each year 2019 through 2022. Additionally, five 737 MAX 8 firm orders were shifted from 2019 into fourth quarter 2018, and three pre-owned
Ryanair has announced the exercising of 25 Boeing 737 MAX 200 “Gamechanger” options and in so doing now has 135 firm orders for the new higher-capacity variant of the 737 MAX 8. Ryanair first placed an order for 100 of the “Gamechanger” jets, with an option for a further ten, at the Paris Airshow in
The International Air Transport Association (IATA) has issued a press release in which it urges aviation stakeholders to “follow global standards and make greater use of operational data in order to safely accommodate an additional 3.8 billion air travelers by 2036.” At the Safety and Flight Operations Conference, IATA’s Director General and CEO Alexandre de
