Boeing’s Chairman and former CEO is making it clear he believes ExIm bank will receive approval to once again provide finance to foreign purchasers of US-manufactured goods. Without such financial support, a number of major US manufacturers would be put at a financial disadvantage in a highly competitive environment, including Boeing, Caterpillar and General Electric.
Less than one year after delivering the first A350 XWB (-900), the first A350-1000 is taking shape with the assembly start of the first fuselage major components at Airbus plants in Hamburg and Saint-Nazaire. The forward fuselage section has been delivered by Premium Aerotec to Airbus in Hamburg where it will be equipped before being
GE Capital Aviation Services (GECAS) signed a purchase-and-leaseback agreement with Frontier Airlines for nine new Airbus A321 aircraft. Delivery of the first new aircraft is scheduled for October 2015 with the remaining new deliveries scheduled in 2015 and 2016. All nine aircraft are powered by CFM56-5B3 engines and are part of Frontier’s existing orderbook with
Lufthansa Technik Landing Gear Services UK (LTLGS) has overhauled the 25th landing gear set of the Boeing 777-300ER aircraft type. Landing gear overhauls become due every ten years on each aircraft in accordance with the maintenance program. As for the end of 2015, there will be 34 Boeing 777-300ER aircraft in operations which are ten
Air Lease Corporation announced lease agreements with Siam Air Transport (Thailand) for two used Boeing 737-800 aircraft. These aircraft will deliver in the fourth quarter of 2015. Founded in 2013, Siam Air Transport is based at Bangkok’s Don Mueang Airport. They currently operate two Boeing 737-300s to three destinations in Hong Kong and China.
AAR reported first quarter fiscal year 2016 sales of US$377.8m and income from continuing operations of US$8.2m. For the first quarter of the prior fiscal year, the Company reported sales of US$395.1m and income from continuing operations of U$11.8m. During the quarter, the Company recorded a pre-tax gain of US$27.7m within discontinued operations from the
In a continued drive to increase its presence in the low-cost sector of the European market, Lufthansa’s low-cost subsidiary has been eyeing up a potential partnership with easyJet, Lufthansa Group chairman and CEO Carsten Spohr told German magazine Der Spiegel, saying that “We can cooperate with other airlines very actively. EasyJet had also shown interest
Thales reported that China Southern Airlines has selected the Dual Head Up Displays (HUD) configuration across 30 of their new AirbusA320s, alongside the Thales Flight Management System and LRRARadio altimeter. With this order, Thales scores a double first in China. This represents the largest contract for HUDs and the first ever for a dual configuration
Boeing and China’s President Xi Jinping signed orders and commitments for 300 Boeing narrowbody and widebody aircraft and expanded collaboration between Boeing and China’s commercial aviation industry. Together, Boeing and China committed to further advance development of China’s commercial aviation industry and meet strategic business objectives for Boeing in the world’s largest airplane market going
During the fourth annual China Air Finance Development Summit, Okay Airlines, ATSG West Limited, Vipshop and others totaling five parties announced the establishment of an express air cargo joint venture serving multiple destinations within the Peoples Republic of China (including Hong Kong, Macau and Taiwan) and surrounding countries. The principal commercial partners in the venture
