BOC Aviation has delivered the first two of five new Airbus A321neo aircraft for lease to Middle East Airlines. The aircraft will be powered by Pratt & Whitney’s PurePower® PW1100G-JM engines. Mohamad EL HOUT, Chairman – Director General, Middle East Airlines, said: “We are pleased to work with BOC Aviation, our long-term partner who has
MTU Maintenance Zhuhai, a joint venture between MTU Aero Engines and China Southern Airlines, has completed its facility expansion to increase existing capacity by 50% to 450 shop visits per year and adding 13,600 m² as well as employee sport and parking facilities. Teams will start moving into the office buildings from December and the
The International Air Transport Association (IATA) has launched the Aviation Carbon Exchange (ACE), an important new tool to help airlines meet their climate commitments. ACE is the first centralized, real-time marketplace that is integrated with the IATA Clearing House (ICH) for the settlement of funds on trades in carbon offsets. IATA’s Clearing House ensures that ACE
Air Arabia and CFM International have signed a comprehensive nine-year agreement under the terms of which CFM will provide time and material support for the airline’s fleet of six LEAP-1A-powered A321neo aircraft. Air Arabia (PJSC) is the first and largest leading low-cost carrier (LCC) in the Middle East and North Africa. Air Arabia commenced operations
WestJet and Delta Air Lines have announced that they have withdrawn their joint application before the U.S. Department of Transportation for antitrust immunity. As a result, the airlines will not implement the proposed U.S. – Canada joint venture at this time. WestJet and Delta remain committed to developing a U.S. – Canada joint venture but
On November 17, the United States and the United Kingdom completed the signature of the Air Transport Agreement (the Agreement) between the Government of the United States of America and the Government of the United Kingdom of Great Britain and Northern Ireland. Secretary of Transportation Elaine L. Chao and Secretary of State Mike Pompeo signed
In a move to increase its engine assets base, APOC Aviation has purchased five CFM56-7B engines from a leading North American carrier as part of a multi-million-dollar transaction. Three of the engines have already been delivered and the other two will be integrated into APOC’s portfolio soon. APOC has already acquired one CFM56-3C1 and three
ST Engineering has announced organizational changes that will position the group for its next phase of growth, and propel it towards its aspiration to become a global technology, defence and engineering powerhouse. Effective January 1, 2021, ST Engineering will be reorganized as Commercial and Defense & Public Security clusters, replacing the sector-structure of Aerospace, Electronics,
Boeing expects China’s airlines to acquire 8,600 new airplanes valued at US$1.4 trillion and commercial aviation services valued at US$1.7 trillion over the next 20 years, reflecting an expected robust recovery following the COVID-19 pandemic. Boeing shared its annual China market forecast on November 12, as part of the 2020 Commercial Market Outlook (CMO), which
Fly Leasing (FLY) is reporting a net loss of US$8.1 million for the third quarter of 2020. This compares to net income of US$51.7 million for the same period in 2019. The decrease in net income is primarily due to the non-recognition of revenue for certain lessees and no aircraft sales in the current quarter.
