According to the latest Airbus Global Market Forecast (GMF), the Russia & CIS air passenger market will more than double in the next 20 years, with over 2,000 aircraft needed by 2034, compared to the 922 in operation today to meet the countries’ growing demand for air travel. Airbus’ forecast shows that over 1,280 of
Boeing and Korean Air marked the delivery of the airline’s first 747-8 Intercontinental. The new fuel-efficient jet is the first of 10 747-8 passenger airplanes the carrier has on order. With this delivery, Korean Air becomes the first airline to operate both the passenger and freighter versions of the 747-8. Korean Air currently operates a
Having waited since March 2012 to get a final decision from Hong Kong’s administrator Qantas, along with its business partners in the venture, China Eastern Airlines (CEA) and Hong Kong transport investment company Shun Tak Holdings have decided not to pursue the creation of a new low cost carrier, Jetstar Hong Kong. Qantas’ CEO Alan
Boeing projected a demand for 6,330 new airplanes in China over the next 20 years. Boeing released its annual China Current Market Outlook (CMO) on August 25th, 2015, in Beijing, estimating the total value of those new airplanes at US$950bn. “Despite the current volatility in China’s financial market, we see strong growth in the country’s
Allegiant Travel Company, based in Las Vegas, Nevada, is continuing to grow its Airbus fleet with a firm order for one A320 aircraft. This marks the airline’s 50th commitment to an Airbus A320 Family member, and the first time they have purchased an aircraft directly from Airbus. Airbus’ Asset Management team structured the deal, which
It was announced in April 2009 that a strategic cooperation deal had been struck between TUI Travel, and airlberlin, whereby airberlin will take a 19.9% stake in TUI’s struggling German airline operations, Hapag-Lloyd Flug and Tuifly. The intention was for airberlin to take over the operation of Tuifly’s scheduled route network, leasing 17 of its
Avolon Capital Partners, Avolon’s joint-venture aircraft leasing business with Wells Fargo, has acquired an Airbus A321-200 aircraft on lease to Vueling Airlines. This is the eighth aircraft to deliver to Avolon Capital Partners.
Gogo (GOGO), a leading provider of in-flight connectivity, has received the final Supplemental Type Certificate (STC) from the FAA required to launch Gogo’s 2Ku next generation satellite connectivity service. The technology is currently installed on Gogo’s 737-500 test plane and is now cleared for in-flight testing. Gogo expects to launch commercial service of its 2Ku
Air China has announced a code share agreement with South African Airways (SA) that will enable SA to put its code on CA’s newly inaugurated non-stop service between Beijing and Johannesburg as well as points beyond Beijing to Chengdu, Shanghai , Hangzhou and Chongqing . Air China will in turn put its code on SA’s
Nok Air took delivery of the airline’s first direct-purchased Next-Generation 737-800. The delivery marks the first of seven Next-Generation 737-800s the airline has on order with Boeing. Based in Bangkok, Thailand, Nok Air is a low-cost carrier that operates an all-Boeing fleet of Next-Generation 737-800s.The airline currently operates 18 Next-Generation 737-800 airplanes on lease and
