All Fleets articles – Page 105
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NewsFinnair executes largest sale-and-leaseback covering four A350s
Finnair has raised more than $400 million in cash from a sale-and-leaseback covering four previously-delivered Airbus A350-900s, its largest single aircraft-financing transaction. The aircraft are being sold to lessors GECAS and Pacific Investment Management. Finnair will lease back the Rolls-Royce Trent XWB-powered twinjets for an average of 12 years, it ...
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NewsEl Al demands $100m compensation from state over damage to its business
Israeli flag-carrier El Al is demanding compensation of $100 million from the government, to offset the effect of state decisions on the airline’s operations. “It is no secret that El Al is in the deepest crisis in its history,” the carrier says, in a communication to the finance ministry, adding ...
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NewsSwiss retains leisure routes for winter as it targets destinations over frequencies
Swiss is prioritising destinations over frequencies in the coming winter season, which will see it operate around 50% of its equivalent pre-Covid capacity.
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NewsAirbus encouraged by customer interest in A350 Freighter
Airbus may have launched the A350 Freighter programme without “subjecting it to having a launch customer” but orders will soon arrive based on “some very encouraging conversations” it is having with potential operators, according to Airbus chief commercial officer Christian Scherer.
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NewsEasyJet focuses on zero-emission aircraft to meet 2050 climate goals
EasyJet is stressing the development of zero-emission aircraft as the solution for the narrowbody airliner of the future to meet its commitment of achieving net zero carbon emissions by 2050.
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NewsPlay firms deal to lease four A320neo family jets from GECAS
Icelandic start-up carrier Play has firmed plans to lease three Airbus A320neos and one A321neo from aircraft lessor GECAS.
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NewsBoeing sees 90% of European fleet replaced over next 20 years
Boeing believes around 90% of the current European fleet will be replaced over the next two decades as high renewal requirements drive future aircraft demand in the region.
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NewsAir Lease’s Udvar-Hazy upbeat on lessors’ post-Covid prospects
Air Lease executive chairman Steven Udvar-Hazy has expressed confidence that the large numbers of aircraft ordered by lessors prior to the pandemic will be required by airlines despite the crisis.
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NewsUS airlines could miss 2021 profit targets as end-of-year travel demand sags
US airlines may struggle to meet already trimmed 2021 financial targets due to the persistence of Covid-19, which continues eroding demand for autumn and winter travel despite a strong summer period.
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NewsGE Aviation ‘can’t sit back and wait’ for full recovery: GE chief
General Electric is neither expecting nor planning for a significant spike in demand for commercial air travel that would jolt aviation back to pre-pandemic levels and suddenly improve the fortunes of its aircraft engine division, and instead intends to manufacture as much of its own luck as it can, GE’s chief executive Larry Culp asserts.
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Airline BusinessMassive aircraft order solves just part of United’s fleet-renewal challenge
United Airlines bold order for 270 narrowbodies in June formed part of an ambitious seat upgauge and product enhancement plan. But as consultants René Armas Maes and Jonathan Norman write, achieving its ambitions depends on how the fleet renewal is implemented.
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NewsBoeing yet to restore 20-year global fleet outlook to pre-crisis 50,000 mark
Boeing is yet to restore its 20-year global fleet forecast to the 50,000 mark it predicted in its pre-crisis outlook, although its latest projection is still higher than that foreseen last year. Two years ago, before the onset of the pandemic, the US airframer had envisioned nearly 50,700 aircraft worldwide ...
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NewsKenya Airways to lease two E190s to Congo Airways
Kenya Airways has launched a cargo codeshare partnership with Congo Airways and signed an agreement to lease two Embraer E190 jets to Kinshasa-based airline.
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Airline BusinessAirline coronavirus recovery tracker: September 2021 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsSalamAir steps up capacity with A321neo introduction
Omani low-cost carrier SalamAir has introduced its first Airbus A321neo, stepping up from its fleet of smaller A320neos. The aircraft, MSN10483, is a CFM International Leap-1A-powered airframe delivered through lessor GECAS. SalamAir says the twinjet (A40-OXA), configured with 212 seats, will be the first A32neo to be operated by an ...
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NewsAirAsia Group ups 2021 fleet forecast again
AirAsia Group has revised its fleet plan for 2021, ending the year with four more aircraft than previously forecast.
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NewsLufthansa Cargo to lease A321 freighters through BBAM
Germany’s Lufthansa Cargo is to lease a pair of Airbus A321 converted freighters through a long-term agreement with lessor BBAM. Lufthansa Cargo had stated in July that it would “permanently” convert two A321s into freighters, to expand its cargo transport capabilities, from early 2022. The aircraft will be operated by ...
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NewsMalindo Air coy about taking 737 Max aircraft
Malaysian carrier Malindo Air says it has not revealed any plans about adding Boeing 737 Max aircraft to its fleet, after the country lifted the operational ban on the type.
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NewsLessor Griffin Global orders five 737 Max 8s
Lessor Griffin Global Asset Management has ordered five Boeing 737 Max 8s — its first direct order with the North American airframer.
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Airline BusinessAirline Business Index scores industry at two-thirds of pre-Covid size
The latest quarterly Airline Business Index shows the global airline industry reached exactly two-thirds of its pre-crisis size at the mid-point of 2021.