Etihad Airways, the national airline of the United Arab Emirates, announced a firm order for 56 new Boeing wide-body aircraft, with options and purchase rights for a further 26, to support its continued global expansion. The order represents an investment of up to US$ 25.2bn at list prices, including related engines. The deal, unveiled at
GE Aviation, a global leader in jet engine and aircraft system production, hosted a groundbreaking ceremony on November 14th, at the site of its new advanced composites factory near Asheville in Western North Carolina. The new 170,000-ft² will be the first to mass produce engine components made of advanced ceramic matrix composite (CMC) materials. GE
Pegasus Airlines has finalized its order for CFM International’s advanced LEAP-1A engine to power 100 Airbus A320neo/ A321neo aircraft. The agreement is valued at approximately $4.3bn at list price, including the long-term service agreement. Under the terms of the 20-year Rate per Flight Hour (RPFH) maintenance agreement, CFM will guarantee maintenance costs on a dollar
According to Airbus’ latest Global Market Forecast (GMF), Latin American airlines will require 2,307 new aircraft between 2013 and 2032, including 1,794 single-aisle, 475 twin-aisle and 38 very large aircraft (VLA) worth an estimated US$292bn. Globally, by 2032 some 29,230 new passenger and freighter aircraft valued at nearly US$4.4 trillion will be required to satisfy
IAI reported net profits for the 3rd quarter increased to $57.9m, compared to $37.5m in the 3rd quarter of 2012 – an increase of 54%. Profit before tax totaled $80.7m, compared to $50.3m in the parallel period of last year – an increase of 61%. Company revenues for the 3rd quarter of 2013 were the
Air Lease Corporation announced the long term lease of one new Boeing 737-800 jet aircraft to Okay Airways, based in Beijing, China. The aircraft is scheduled for delivery to Okay Airways in June, 2015.
EADS reported higher revenues and profits for the first nine months of 2013, driven by the strong momentum within its commercial aircraft activities. Order intake more than doubled to €138.2bn with the order book value reaching €642.5bn at the end of September. The Net Cash position was €5.2bn on 30 September, 2013. Over the first
On November 14th, 2013, Emirates took delivery of a further Airbus A380-861. The aircraft, bearing the manufacturer’s serial number 134, is owned by a subsidiary of Doric Nimrod Air Three Limited and leased to Emirates. This Airbus is the 116th A380 to have been delivered so far. Doric’s asset management portfolio now comprises 38 aircraft,
AFI KLM E&M appointed Didier Verté VP Sales, Africa-Middle East. With a degree in Engineering, Didier Verté began working at AFI KLM E&M in 1990 as a Propulsion Engineer in Central Engineering after a period at SNECMA as design engineer and at FN Moteurs, where he was a Project Manager on components for the Ariane
Rolls-Royce has completed its 1,500th AE 2100 engine for installation on a Lockheed Martin C-130J aircraft, scheduled for delivery to the US Air Force in 2014. The milestone demonstrates the continued success of the versatile and proven C-130J military transport aircraft and its powerful, reliable and fuel-efficient turboprop engines. More than 300 of the four-engine
