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Alcoa wins fourth Boeing contract

Lightweight metals leader Alcoa (AA) today announced a long-term supply agreement with Boeing for multi-material aerospace parts. Under this agreement, Alcoa will supply components for the 777X—Boeing’s newest commercial airplane—the 737 MAX—scheduled for first delivery in 2017—and the 787 Dreamliner. The deal draws on capabilities gained through the Firth Rixson acquisition and the Company’s new

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HAECO Group launches VectorY+ passenger seat with Cathay Pacific Airways

HAECO Cabin Solutions announced that Cathay Pacific Airways will become the launch customer for its new Vector Y+TM economy class passenger seat on Cathay’s A350-1000 aircraft. The new seat, designed for long-haul operations, is the latest model from the Vector seat platform featuring carbon fiber construction, recline with seat pan articulation and industry-leading living space.

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Share value tumbles as Boeing forecasts 2016 earnings below estimates

Shares fell by up to 10% and reached a 52-week low after Boeing announced the Company’s forecast for 2016, figures not helped by the results of the financial performance for Q4 2015. Last week’s announcement that Boeing will be taking a charge for slowing production of the 747-8 certainly contributed to the weaker-than-anticipated profit for

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First China Airlines A350XWB takes shape on Airbus’ Final Assembly Line

Assembly of the main airframe sections of the first A350 XWB for China Airlines is advancing at Airbus’ Final Assembly Line (FAL) in Toulouse, France. This involves the assembly of the wing-fuselage junction, the installation of the tailplane and also the tailcone. The aircraft will then be moved to the next assembly station for structural

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Ryanair speaks out as French ATC strike for 40th time in 6 years

Last week we reported on the creation of the A4E (Airlines for Europe) alliance by IAG (British Airways & Iberia), Lufthansa, Air France-KLM, easyJet and Ryanair, and quoted Ryanair’s CEO, Michael O’Leary, who specifically wanted to target air traffic control (ATC) unions – “we want to eliminate air traffic control strikes that affect thousands of

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US$1.2bn fresh equity injection into Avolon

Avolon, the international aircraft leasing company, issued an update for the 2015 fourth quarter (‘Q4’) and full year and announced that Bohai Leasing is investing an incremental US$1.2bn of equity capital in the business bringing Avolon’s total available liquidity to US$2bn to accelerate growth in 2016 and beyond. Avolon begins 2016 as a wholly-owned, indirect

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IATA reveals decline in freight volumes has bottomed out

Encouraging figures have been released by the International Air Transport Association (IATA) indicating that for global air freight markets, figures for November 2015 are slightly up on the low point in August and had expanded on those for October, leading to the conclusion that the previous decline had now bottomed out. Figures measured in Freight

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Gulf Air extends heavy maintenance agreement with Joramco

Gulf Air, the Kingdom of Bahrain’s national carrier, has announced a 3-year extension of its Maintenance, Repair and Overhaul (MRO) agreement with Joramco under which Joramco will provide Gulf Air with Heavy Maintenance checks for its current fleet of 28 aircraft – A330s, A320-ERs, A320s and A321s. The agreement, originally signed in January 2013, has

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