Boeing projects a demand for 36,770 new airplanes over the next 20 years, an increase of 4.2% from last year’s forecast. The company released its annual Current Market Outlook (CMO) on July 10th in London, estimating the total value of those new airplanes at $5.2 trillion. Fueling this year’s forecast is the single-aisle market, which
MTU Aero Engines will be taking a 4% workshare in General Electric’s GE9X program. Germany’s leading engine manufacturer will be manufacturing and assuming design responsibility for the engine’s turbine center frame. Over the life of the program the workshare will be worth around €4.0bn in revenue for MTU. The new engine will be designed to
The first Level D full-flight simulator for Airbus Helicopters’ EC175 rotorcraft has received airworthiness certification from the European Aviation Safety Agency (EASA), enabling launch pilots to be trained with this high-fidelity system. Located at the Helisim Training Academy adjacent to Airbus Helicopters’ headquarters and production facility at Marignane, France, the motion-based EC175 full-flight simulator incorporates
Boeing is enhancing its support to customers in Southeast Asia through a joint venture in Singapore with SIA Engineering. Boeing and SIAEC signed an agreement to form Boeing Asia Pacific Aviation Services, which will provide industry-leading engineering, spare parts, and repair and maintenance services for Boeing airplanes. Boeing has signed contracts for maintenance and engineering
Thailand’s Bangkok Airways and the European turboprop aircraft manufacturer ATR signed a contract for the purchase of three ATR 72-600s, valued at approximately US$24.6m each. This deal represents the conversion into firm orders of the options included in the deal unveiled earlier this year at the Singapore Airshow (6 firm ATR 72-600s and two options),
Boeing and Emirates Airline have finalized an order for 150 777Xs, valued at $56bn at list prices. First announced as a commitment at the 2013 Dubai Airshow, the order by the world’s largest 777 operator was part of the largest product launch in commercial jetliner history. The order – a combination of 115 777-9Xs and
SOFIA, a modified Boeing 747SP that is operated jointly by the USA’s National Aeronautics and Space Administration (NASA) and the German Aerospace Centre (DLR) as a “Stratospheric Observatory for Infrared Astronomy”, is undergoing a major overhaul at Lufthansa Technik in Hamburg. The DLR and NASA have selected Lufthansa Technik to perform a major overhaul of
NetJets Business Aviation Limited, a joint venture among NetJets and a consortium of Chinese investors, has obtained its Part 145 Repair Station Certification from the Civil Aviation Administration of China (CAAC). This approval allows NetJets China to commence operation as a repair and service station, and is separate from the Part 135 certification which allows
Turkish regional airline Borajet has ratified an agreement to acquire four E190s as part of an initiative to gradually upgrade its turboprop fleet, add capacity and frequencies, and grow its network from its base at Istanbul’s Sabiha Gökçen International Airport. The airline is acquiring the 100-seat, single-class E190s through a third party lease agreement. The
Avolon, the international aircraft leasing group, issued a trading update for the second quarter of 2014. Avolon took delivery of 13 owned and 2 managed aircraft in the second quarter, secured additional debt commitments of US$920m and ended the period with an owned, managed and committed fleet of 202 aircraft.
