Boeing and China Aviation Suppliers Holding Company (CASC) have signed an agreement for 300 airplanes during a ceremony in Beijing, which was part of the United States trade mission to China. The agreement includes orders and commitments for 300 Boeing single-aisle and twin-aisle airplanes. The airplanes are valued at more than US$37bn at list prices.
Having failed in its attempt to acquire approaching 10 percent of American Airlines, Qatar Airways has announced that it is now aiming to buy a 9.6 percent holding in Hong Kong-based Cathay Pacific for US$660 million. The move comes as what will hopefully be the culmination of a two-year attempt to expand the Gulf-carrier’s global
German pilots’ union Vereinigung Cockpit (VC) is looking to Lufthansa offshoot, Eurowings, to provide better conditions after the union had rejected a labor agreement which would have allowed the low-cost carrier to employ staff from the now defunct Air Berlin on German contracts. Lufthansa is looking to grow Eurowings by taking on 1,700 staff from
Munich Airport and Moscow Domodedovo Airport are forging closer ties: At a special ceremony, the top managers of the two hubs, Dr. Dmitriy Kamenshchik, Chairman of the Board Moscow Domodedovo Airport Group and Dr. Michael Kerkloh, the President and CEO of Munich Airport, signed a cooperation agreement. The aim of the partnership is a systematic
Following on from the rostering debacle, Ryanair has addressed the competitiveness of the low-cost carrier’s pilots’ pay, together with communication, career progression and basing. Michael O’Leary, the company’s CEO has claimed that the pay offered was “already slightly higher” that competitor airlines, but he admitted that response to a tightening market for experienced first officers
Alaska Airlines and CFM International have signed a nine-year Rate Per Flight Hour (RPFH) maintenance agreement to support 128 CFM56-7B engines that power the airline’s s fleet of Boeing Next-Generation 737-800 aircraft. The agreement, which includes spare engines, is valued at nearly $500 million U.S. at list price. Rate per Flight Hour agreements are part
Embraer and American Airlines have signed a firm order for ten E175 jets. American Airlines is exercising its purchase rights from its original contract with Embraer signed in 2013. This new order is in addition to the one placed in April for four aircraft. This new order is valued at US$457m, based on current list
The International Air Transport Association (IATA) has made it clear to the Philippines’ government that major changes need to be made to infrastructure, proposed taxation and the Adoption of Smarter Regulation Principles to maximize social and economic benefits that aviation can bring to the country. In a speech delivered at the Philippine Aviation Day in
easyJet has signed an agreement with airberlin to acquire part of its operations at Berlin Tegel airport for a purchase consideration of €40m. This excludes potential start-up and transitional operating costs. The acquisition is subject to regulatory approvals and is expected to close in December 2017. The acquisition will result in easyJet entering into leases
In the release of the recent update to the International Air Transport Association 20-Year Air Passenger Forecast, passenger numbers traveling in 2036 are expected to reach 7.8 million, nearly double the 4 billion passengers that are expected to travel during 2017, based on a 3.6 percent average Compound Annual Growth Rate (CAGR). According to IATA’s
