American planemaker Boeing has released it’s annual Commercial Market Outlook (CMO) in which it projects a demand for 41,000 new aircraft through 2041, underlining the industry’s resilience against the global pandemic. This equates to a US$7.2 trillion value, at today’s figures, for delivered aircraft, half of which will be used to replace existing planes in
Ethiopian Airlines (Ethiopian), the second of two carriers involved in fatal Boeing 737 MAX crashes which led to the jet’s worldwide grounding, has taken delivery of a brand-new 737 MAX. The Ethiopian accident in March 2019 resulted in the death of all 157 passengers and crew on board and followed the October 2018 crash of
The Turkish government has taken relatively draconian steps to stop an exodus of its home-grown pilots from working for foreign carriers as demand for travel ramps up worldwide. Turkish pilots are especially sought after by Gulf state carriers and North American airlines. Last month, Germany said it will fast-track work permits and visas for several
It’s not only airlines who are struggling to cope with the surge in demand for air travel. Heathrow is now asking carriers to stop selling tickets as it is unable to provide a safe service to more than 100,000 outgoing passengers a day. The airport has set this as a limit until September 11, despite
The ongoing bidding war for Spirit Airlines Inc. (Spirit) between Frontier Group Holdings Inc (Frontier) and JetBlue Airways seems to be drawing to a close as Frontier has announced that it will not be increasing its offer of US$4.13 per share and 1.9126 Frontier shares in its cash and stock offer. In addition, if the
ANA HOLDINGS (ANA HD) has reached an agreement with Boeing to convert two orders for the Boeing 777-9 aircraft to Boeing 777-8F cargo aircraft and finalised its existing purchase agreement for 30 Boeing 737-8 aircraft. The announcement reflects ANA HD’s plan to further expand its cargo business through securing large freighters and to replace the
On July 7 and 8, Safran has inaugurated three new production sites in India and announced the construction of a major new facility in 2025, bolstering its strategic partnership with the country. Safran has operated in India for 65 years and now counts ten facilities and 750 employees in the country. These announcements, which represent
Subsequent to last December’s order for a combination of 100 Airbus A320neo and A321neo aircraft, Air France KLM have announced that the CFM International LEAP-1A engine will be used to power the aircraft and has placed an order for 200 units, concluding exclusive negotiations which began in April of this year. The aircraft will be
SAS and certain of its subsidiaries have voluntarily filed for chapter 11 in the U.S., a legal process for financial restructuring conducted under U.S. federal court supervision. SAS’ operations and flight schedule are unaffected by the chapter 11 filing and SAS will continue to serve its customers as normal, although the strike by SAS Scandinavia
Airbus, the European planemaker, has confirmed that it has secured orders for 300 of its jets from the top-three Chinese state airlines, Air China, China Southern Airlines and China Eastern Airlines. Boeing was quick to point to Airbus’ success as a consequence of “constructive dialogue” between Beijing and European governments, while pushing for Chinese and
