The beleaguered Boeing 737 MAX program which has seen aircraft grounded worldwide since a second fatal crash in a few months has received a major boost from British Airways’ parent company IAG. Announcing the signing of a Letter of Intent (LoI) at the Parish Air Show, Willie Walsh, IAG Chief Executive commented: “We have every
Airbus, whose civil aviation base is at Blagnac, Toulouse, France, has chosen its ‘home’ airshow, the 53rd Paris Air Show, to launch its longest-range single-aisle airliner yet, the A321XLR. This is a long-range version of the already successful A321neo. “We can fly from north-eastern Asia into south Asia, from the Middle East to Bali or
With Boeing reducing its output of the 737 MAX which is powered by CFM LEAP engines, CFM International has seized the opportunity to wipe out the current backlog of engine deliveries to Boeing. With Boeing reducing MAX output to 42 units per month as opposed to a previous rate of 52 and also deferring a
12 years after the Mitsubishi Heavy Industries’ (Mitsubishi) MRJ program was unveiled to the world, the Japanese plane manufacturer has announced that the name of the program is to change from Mitsubishi MRJ (Mitsubishi Regional Jet) to Mitsubishi SpaceJet in what the company describes as a move to “redefine the business of regional travel.” The
Boeing has delivered 56% fewer airplanes compared to May 2018, citing the continued suspension of the 737 MAX as the main culprit for the low figure. Having delivered 68 planes in May 2018, the U.S. planemaker delivered only 30 last month. For the first five months of 2019 net orders now stand at a total
Ryanair has agreed to purchase Malta Air, a Maltese start-up airline, creating a new subsidiary to the Ryanair Group of low-cost carriers in addition to Buzz (Poland), Lauda (Austria) and Ryanair (Ireland). Initially, the new airline will take over all Ryanair’s 61 current routes and operating six aircraft, but this number is expected to increase
United Technologies Corp and Raytheon Co will merge to create a new company in what is seen as the largest-ever merger in the aerospace sector. Subject to regulatory approval, the deal should go through by the end of the first half of 2020 and will create a company worth an estimated US$121 billion. It is
Boeing’s largest shareholder, the Vanguard Group Inc which currently holds a 7.1% stake in the U.S. plane maker, has made public its concerns over Boeing management’s handling of the grounding of the 737 MAX and that its fund managers have become “very concerned” regarding oversight failures in light of the two recent fatal 737 MAX
In what is seen as the U.K.’s largest-ever transfer of corporate pension risk, Rolls-Royce announced today (Thursday) that it is to shift £4.8 billion of assets to the insurer Legal & General. This is becoming a more frequent occurrence as companies look to remove pension scheme risks from their balance sheets with consultants predicting the
Aiming to reduce emissions by between 25% and 30% by 2030, Scandinavian Airlines (SAS) has announced it will no longer be selling duty-free goods on planes in an attempt to further reduce weight and thus save fuel as a part of its wider-ranging strategy.“ Every step on the way to sustainable travel is important,” said
