NEWS
OEMs, Experts Exude Market Caution
Manufacturers and leading rotorcraft valuation analysts expect the markets for both new and used civil helicopters to remain tight in 2023, squeezed by a triumvirate of pressures including inventory, inflation, and supply chain constraints. While the civil market has mostly returned to pre-covid normal in terms of overall new helicopter sales and/or flight hours, price
Read MoreLufthansa Orders 22 More Widebodies from Boeing and Airbus
Lufthansa Group’s supervisory board on Thursday approved the purchase of 22 widebodies worth $7.5 billion at list prices, the company said. The order consists of 10 Airbus A350-1000s, five A350-900s, and seven Boeing 787-9s, deliveries of which the company expects to start in the mid-2020s. Including Thursday’s orders, Lufthansa Group plans to take delivery of
Read MoreTurkish Airlines Vital Player in Earthquake Recovery
It remains clear that Turkish Airlines has become a vital player in assisting those affected by the earthquake in Turkey that happened a couple of weeks ago. Earlier this week, the carrier announced that they have carried 238,112 search and rescue personnel across 1,324 aid flights. On top of this, Turkish Airlines evacuated 230,980 citizens
Read MoreStrong Recovery for Air New Zealand
Air New Zealand has released its first-half financial report showing the start of its recovery with a revenue of over 3 billion NZD. The flag carrier’s Chair, Dame Therese Walsh, attributed the solid recovery to a combination of border restrictions easing, increased demand, and the Air NZ team who “rose to the occasion.” The country’s
Read MoreBOEING EYES STRONG AVIATION MARKET GROWTH IN INDIA.
Boeing expects strong growth in South Asia’s passenger aircraft and freighter fleet over the next twenty years, according to its new Commercial Market Outlook for India. Of the next two decades through 2041, Boeing sees South Asian carriers taking 2,210 new passenger aircraft, comprising 1,983 single aisle aircraft and 227 widebodies. It also forecasts deliveries of
Read MoreDUBAI AIRSHOW 2021
The event welcomed more than 104,000 attendees and witnessed a 50% increase in trade visitors which included global senior executives from 148 countries. The Airshow was bigger than the pre-pandemic 2019 edition in terms of visitor numbers and deals announced. It was also a significant milestone for the defence and space sectors which saw a
Read MoreFAA Issues SAIB on 5G Radio Altimeter Interference
The FAA has published a Special Airworthiness Information Bulletin—AIR-21-18—that highlights potential radio altimeter interference issues by new 5G cellular networks. The 5G network deployment in the U.S. starting on December 5 is in the 3700 to 3800-MHz bands then later in the 3700 to 3980-MHz bands. Radio altimeters use the 4200 to 4400-MHz band. In
Read MoreCiting pandemic uncertainty, Air New Zealand delays proposed capital raise
Air New Zealand has postponed a planned capital raise by three months, to give it more time “to assess market conditions” amid the coronavirus pandemic. The carrier now expects to complete its equity capital raise by 30 September, instead of 30 June, as earlier indicated. The New Zealand government, which earlier disclosed its commitment to
Read MoreBombardier to stop the production of Learjet by end of 2021
Struck by heavy financial losses, Canadian Bombardier announced this Thursday that it will discontinue the production of the iconic Learjet models. This would result in cutting off 1,600 jobs. After struggling prior to the pandemic, Bombardier is facing a transitional year and attempting to restructure the company. After announcing severe lay offs in November last
Read MoreAre Covid vaccines going to resume international travel?
It has been a year since the first reported case of Covid19 and resent news of vaccines progress has brought up positive outlook on upcoming months. Some of the major Pharmaceutical companies such as Pfizer and AstraZeneca among others, have announced major break-throughs in their developments. These news bring a lot of joy for many
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