Fleets – Page 2
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NewsMTU expects $1bn impact from PW1100G issue but maintains faith in geared-fan outlook
German aerospace firm MTU Aero Engines is expecting a $1 billion impact from its risk-sharing position in the Pratt & Whitney PW1100G programme, as a result of the powder metal contamination issue affecting the powerplant. But MTU is still assessing liability, as an 18% risk- and revenue-sharing partner, arising from ...
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NewsAirAsia reiterates fleet recovery on track, as engine woes loom over sector
AirAsia Aviation has confirmed its fleet recovery remains on track, after it reaffirmed an engine support agreement with CFM International, whose engines power its entire fleet of Airbus narrowbodies.
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In depthAirline Business Covid-19 recovery tracker: September 2023 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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NewsKLM to lease batch of A321neos from CDB Aviation
Dutch carrier KLM is to lease three Airbus A321neo jets from Irish-based lessor CDB Aviation next year. The aircraft will be equipped with CFM International Leap-1A engines. KLM will take delivery of the aircraft, on operating lease, between September and November 2024, the leasing company states. “Carriers like KLM, whose ...
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NewsRussia’s Aurora to lease 95 Baikal utility aircraft for unified eastern carrier
East Russian operator Aurora is to acquire 95 of the new UZGA LMS-901 Baikal light transport aircraft, under an agreement with the state leasing company GTLK. The acquisition is the subject of a letter of intent signed during an economic forum in Vladivostok, the carrier states. Aurora says the size ...
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NewsThai Vietjet to receive 12 737 Maxes in 2024
Vietnam low-cost carrier Vietjet Air has entered a memorandum of understanding with the USA’s Carlyle Group for $550 million in funding for future 737 Max deliveries, with the first 12 examples going to Thai Vietjet Air in 2024.
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NewsSwiss to configure A350 fleet with four-class interior
Lufthansa Group carrier Swiss is to configure its Airbus A350-900s with four classes, including a small number of first-class seats plus a premium-economy section. Swiss is to introduce the A350s to replace its long-haul A340-300 fleet. The airline has disclosed that the twinjets will be fitted with 242 seats, of ...
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NewsEast Russian operator Aurora unveils plans to acquire MC-21s
Eastern Russian carrier Aurora has signed a provisional agreement to acquire 10 Yakovlev MC-21s. Aurora will take delivery of the twinjets over the course of 2027-30, according to Russian state technology firm Rostec. The agreement was signed during an eastern economic forum in Vladivostok. Rostec says the agreement establishes the ...
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NewsAeroflot Group reaches lease agreement for over 50 MC-21s and SJ-100s
Aeroflot Group has entered a financial leasing agreement with Aviakapital-Servis covering 52 aircraft, the initial airframes from a deal for over 300 jets unveiled a year ago. The agreement centres on the acquisition of six Yakovlev MC-21-310s to Aeroflot, as well as 12 MC-21-310s and 34 SJ-100s to Rossiya. Aviakapital-Servis ...
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NewsHawaiian launches ticket sales for Boeing 787 flights
Hawaiian Airlines has begun selling tickets for flights on its first Boeing 787 Dreamliner, set to be delivered to the Honolulu-based carrier in January.
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NewsAeroflot Group reaches financial settlement with AerCap over batch of seized aircraft
Russia’s Aeroflot Group says it has completed a settlement with lessor AerCap concerning a batch of aircraft operated by its carriers, which were retained as part of a Russian government seizure of foreign-built fleets in response to international sanctions over the Ukrainian conflict. Aeroflot Group says AerCap has “ceased” its ...
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NewsGlobalX adds 10th passenger jet and lands contracts for Caribbean operations
US charter carrier Global Crossing Airlines recently accepted delivery of its 10th passenger aircraft, a 20-year-old Airbus A319 that entered service with the airline on 1 September.
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PodcastAirline Business Podcast: Strong financials, market ‘normalisation’ and start-up stories
Graham and Lewis look back on another strong set of quarterly results from the global airline industry, while considering whether the coming months will see ‘normalisation’ in more markets.
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NewsSAS introducing batch of leased E195s from Azorra
Scandinavian carrier SAS is leasing a batch of Embraer 195 regional jets from Florida-based lessor Azorra Aviation. SAS is undergoing a restructuring programme – known as ‘SAS Forward’ – while under US Chapter 11 bankruptcy protection. Among the various aspects of this programme is an overhaul of the airline’s fleet ...
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NewsMammoth progresses with first 777-200LR freighter conversion for Cargojet
US modification specialist Mammoth Freighters is progressing with its prototype Boeing 777-200LR conversion for freight carrier Cargojet Airways. The company has shown the aircraft undergoing mid-panel removal, in the left aft side where the main freight door will be installed. This airframe (N705DN), powered by General Electric GE90 engines, was ...
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In depthRevenues power airlines above 2019 benchmark despite lagging traffic and capacity
The latest Airline Business Index shows the second quarter of this year was marked by soaring revenue and a jump in passenger numbers, as the industry exceeded the 2019 benchmark index score for the first time since the pandemic.
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NewsIndiGo parent tops up A320neo order and plans aviation finance arm
Indian budget carrier IndiGo’s parent company, InterGlobe Aviation, is to order another 10 Airbus A320neo twinjets. It has also approved the establishment of a new wholly-owned subsidiary, located in Gujarat, which will focus on financing of aviation assets. The company envisions an investment of up to Rs300 million ($3.6 million) ...
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NewsTurkish Airlines to order 10 more A350-900s
Turkish Airlines has disclosed its decision to acquire 10 more Airbus A350-900s for delivery from 2025.
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AnalysisAirline Business performance tracker: Asia-Pacific Q2 2023
Key data from the most-recent Asia-Pacific earnings period – the April-June 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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AnalysisAirline Business performance tracker: Europe Q2 2023
Key data from the most-recent European earnings period – the April-June 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight