Boeing has signed a memorandum of agreement with leading composite supplier Toray Industries to expand its current contract for the Boeing 787 Dreamliner to include the 777X wings. Once finalized, the long-term contract extension will take effect in 2015 and meet Boeing’s customer affordability goals through the Partnering for Success program. The addition of the
Alitalia and Etihad Airways received merger clearance from the European Commission under EU Regulation No. 139/2004. They can therefore proceed with the proposed strategic partnership announced in August. Following the completion of its review, the European Commission confirmed that the partnership complies with the European regulations on competition. In line with previous cases, the airlines
The European Aviation Safety Administration (EASA) has forewarned airlines and regulators that a “significant risk” to civil aircraft operating through Egyptian airspace exists. On Thursday 13th November, the EASA issued a bulletin regarding the increasingly perilous situation in the Sinai Peninsula: “Due to ongoing insurgent activity, operators of civil aircraft should be aware of the
AeroCentury Corp., an independent aircraft leasing company, reported its operating results for the third quarter ended September 30th, 2014. The Company reported a net loss of US$8.2m for the third quarter of 2014, compared to net income of US$4.0m for the third quarter of 2013. The Company reported a net loss of US$11.8m for the
MTU Aero Engines has concluded a strategic agreement with U.S. engine manufacturer GE Aviation on the maintenance, repair and overhaul (MRO) of the GEnx turbine center frame (TCF). The contract makes MTU the provider of MRO services for GEnx TCFs within the GE Aviation network. The GEnx powers the Boeing 787 Dreamliner and is the
Embraer Commercial Aviation forecasts that airlines in Latin America will take delivery of 700 new jets in the 70 to 130-seat segment over the next 20 years, representing 11% of the worldwide demand for the segment in the period. It is estimated that 63% of these units will support growth and 37% will replace older-generation
Indonesia’s Lion Group has celebrated the delivery of its first three Airbus aircraft at a special ceremony in Toulouse on November 13th. The aircraft are the first from an order placed by Lion Group in March 2013 for 234 A320 Family aircraft, comprising 109 A320neo, 65 A321neo and 60 A320ceo. The initial batch of A320s
Finmeccanica – AgustaWestland and Sino-US Intercontinental announced the sale of an AW119Kx single engine helicopter to a private operator in China. The aircraft will be delivered by the end of this year and will be used to perform passenger transport operations in the country. This latest contract further expands the presence of AgustaWestland commercial helicopters
One is left wondering if this type of scenario isn’t an airline’s worst nightmare. You are at the heart for the world’s fifth largest domestic air travel market, located in the fourth most populous country in the world, and you have 500 planes on order over the next ten years. What could possibly be wrong
The Emirates Group announced its half-yearly results which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts, and weakening global markets. The Emirates Group revenues reached AED 47.5bn (US$ 12.9bn) for the first six months of its 2014-15 fiscal year, up 12% from AED 42.3bn (US$
