Russia test flies passenger jet

May 30, 2017 by  
Filed under Aviation, EUROPE, News

MOSCOW, 30 May 2017: Russia on Sunday held a successful test flight of its new MC-21 medium-haul passenger jet that it hopes will revive its troubled civil aviation industry and challenge giants Airbus and Boeing.

The plane, whose prototype was unveiled last June, flew for 30 minutes at a height of 1,000 metres and a speed of 300 kilometres (186 miles) per hour, said its makers, the Irkut Corporation aircraft manufacturer.

The plane took off from the Siberian city of Irkutsk where the Irkut company is based, said Deputy Prime Minister Dmitry Rogozin, writing on Twitter. Read more

Hainan Airlines buys jets

May 23, 2017 by  
Filed under Aviation, News, North Asia

SHANGHAI, 23 May 2017: China’s Hainan Airlines, which has poured billions of dollars into overseas acquisitions, announced plans Monday to buy 19 Boeing aircraft for USD4.2 billion to help meet skyrocketing travel demand by Chinese consumers.

The company said in a statement to Shanghai’s stock exchange that it would buy 13 Boeing 787-9 passenger jets and six 737-8s, citing the continued “rapid growth” in China’s travel market as incomes rise.

It plans to issue 15 billion yuan (USD2.18 billion) in bonds to help fund the deal. Read more

Boeing: Profits rise deliveries fall

May 2, 2017 by  
Filed under Aviation, News

NEW YORK, 2 May 2017: Aerospace giant Boeing reported last week declining costs boosted earnings for the latest quarter, but revenues missed analyst expectations as commercial plane deliveries fell.

Net income for the quarter ending 31 March rose 19% to USD1.5 billion.

But revenues fell 7.3% to USD21 billion, below the USD21.3 billion expected by Wall Street analysts. It was only the second time in 21 quarters the company underperformed in terms of revenues. Read more

Iranian airlines signs Boeing deal

April 5, 2017 by  
Filed under Aviation, Middle east, News

NEW YORK, 5 April 2017: US plane maker Boeing said Tuesday that Iran’s Aseman Airlines had agreed to buy 30 737 MAX jets for USD3.0 billion in its second major deal since sanctions were eased last year.

“Boeing confirms the signing of a Memorandum of Agreement (MOA) with Iran Aseman Airlines, expressing the airline’s intent to purchase 30 Boeing 737 MAX airplanes with a list price value of USD3 billion,” the US group said in a statement.

“The agreement also provides the airline with purchase rights for 30 additional 737 MAXs,” it added. Read more

SIA signs mega deal with Boeing

February 10, 2017 by  
Filed under Aviation, News, Singapore

SINGAPORE, 10 February 2017: Singapore Airlines said Thursday it had ordered 39 Boeing passenger planes worth USD13.8 billion as it seeks to expand its capacity in the face of growing competition.

The carrier said it had signed a letter of intent with the US manufacturer for 20 of its 777-9s and 19 of its 787-10s, with options for six more of each aircraft, bringing the total to 51 if exercised.

“Today’s major order for wide-body aircraft enables us to continue operating a modern and fuel-efficient fleet, providing the SIA Group with additional expansion opportunities to ensure that we retain our industry-leading position,” chief executive Goh Choon Phong said in a statement. Read more

2017 debut for China’s passenger plane

February 7, 2017 by  
Filed under Aviation, News, North Asia

BEIJING, 7 February 2017: China’s first home-grown big passenger plane will make its maiden voyage in the first half of this year, state media said, Monday, as the country seeks to challenge foreign giants Airbus and Boeing.

The C919 narrow-body jet is expected to “realise its blue-sky flight dream” in the first six months of 2017, the People’s Daily newspaper reported, with the installation of on-board systems almost completed.

The plane, produced by the state-owned Commercial Aircraft Corp of China (COMAC), was originally scheduled to make its debut journey in 2015, but the date was repeatedly pushed back as it underwent additional testing and certification. Read more

Indian airlines flying high

January 16, 2017 by  
Filed under Aviation, News, South Asia

NEW DELHI, 16 January 2017: A major acquisition by Indian budget airline SpiceJet, this week, underscored the vast potential of the world’s fastest-growing aviation market.

But there is another side to the story. Experts say woefully inadequate infrastructure and high operating costs could threaten the industry’s rapid expansion.

India’s burgeoning middle classes are taking to the skies in ever greater numbers, with passenger growth of 20% in 2015 according to industry body IATA — nearly double China’s 11% increase over the same period. Read more

GE leasing buys 737s

January 5, 2017 by  
Filed under AMERICAS, Aviation, News

NEW YORK, 5 January 2016: Boeing won a contract to supply 75 single-aisle 737 Max 8 planes to General Electric’s airplane leasing arm worth USD8.25 billion at current listed prices, the companies announced Wednesday.

The order, booked in December, increases GE Capital Aviation Services’ backlog of the popular Boeing model to 170 planes.

Boeing said its 737 Max model has had a total of 3,419 orders, making it the aerospace giant’s fastest-selling plane in history. Read more

Fiji refits fleet

November 24, 2016 by  
Filed under Aviation, News, PACIFIC

SUVA, FIJI, 24 November 2016: Fiji Airways announced on Wednesday it had ordered five new Boeing 737s — reportedly worth USD470 million — as part of a fleet upgrade programme at the Pacific nation’s flag carrier.

The airline said it would take delivery of two Boeing 737 MAX 8 aircraft next year and three more in 2018 to replace five earlier-model 737s currently operating.

It did not reveal the cost of the deal but local media reports put the price at FJD1.0 billion (USD470 million). Read more

Nok adds 737 to fleet

November 22, 2016 by  
Filed under Aviation, News, Thailand

BANGKOK, 22 November 2016: Nok Air a low-cost airline based in Bangkok took delivery of a new Boeing 737-800 last week.

The aircraft with 189 seats will be used on domestic routes and also  to expand services to China.

“This is our 23rd Next-Generation 737-800 in our growing Boeing fleet. The 737 will continue to form the backbone of our fleet and support our growth strategy,” said Nok Air CEO, Patee Sarasin. Read more

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