Boeing’s stock price closed down almost 7% on Feb. 11 in volatile trading on Wall Street after investors digested a list of relatively negative headlines regarding the OEM and prime defense contractor.
Iranian airlines operate a fleet of 285 aircraft, but the average age is slightly less than 25 years, according to ICF International principal Richard Brown. Afghanistan’s average fleet age is the oldest in the Middle East, at about 25 years, but it only includes 32 aircraft. In contrast, Saudi Arabian operators fly 195 aircraft that average about 10 years. And even younger—less than an average of 10 years—are the fleets of the United Arab Emirates (517 aircraft), Lebanon (20), Oman (44) and Qatar (178), Brown said.
With demand faltering in one of its key markets, and unit revenues expected to slide considerably this quarter, WestJet Airlines was rebuffed when it asked manufacturer Bombardier if it could defer some Q400 turboprop deliveries this year.
Boeing’s stock price closed down almost 7% on Feb. 11 in volatile trading on Wall Street after investors digested a list of relatively negative headlines regarding the OEM and prime defense contractor
Philippine Airlines (PAL) is preparing to announce a long-expected order for either Boeing 787s or Airbus A350s, possibly during the Singapore air show, which begins Feb. 16.
Japan’s three major aircraft builders are proposing to take on part of Boeing’s next commercial aircraft as risk- and revenue-sharing partners, according to a local media report.
Prosperous Shenzhen has become the latest Chinese secondary city to open intercontinental air links, with China Southern Airlines beginning flights to Sydney and Xiamen Airlines planning a service to Seattle.
Several proposals—including a renewed push for expanded drug and alcohol testing and new background checks—have the maintenance industry keeping a close eye on the recently introduced FAA reauthorization bill.
Mitsubishi Aircraft has resumed flight testing of its MRJ regional jet, following airframe strengthening and software modifications to the program’s first prototype.
In separate announcements, the FAA and NTSB reinforced warnings about the dangers of transporting lithium-ion and lithium-metal batteries as bulk cargo in passenger and freighter aircraft.
The International Civil Aviation Agency is coordinating with relevant agencies on procedures and responses for the air transport industry on the Zika virus.
TAP Portugal’s management is confident it will be able to continue its fleet renewal and route restructuring despite the U-turn by the Portuguese government on privatizing the flag carrier.
Prosperous Shenzhen has become the latest Chinese secondary city to open intercontinental air links, with China Southern Airlines beginning flights to Sydney and Xiamen Airlines planning a service to Seattle.
A measure to split air traffic control (ATC) and modernization away from the FAA into a non-profit corporation survived cleared its first congressional hurdle on Feb. 11, emerging modified but relatively unscathed from the House Transportation and Infrastructure Committee.
European Commissioner for Transport Violeta Bulc intends to discuss Norwegian Air International’s (NAI) and Norwegian Air UK’s (NUK) pending applications for permission to serve the U.S., at high-level meetings in Washington later this month, Aviation Daily has learned.
Virgin Australia is preparing to reduce its regional aircraft fleet in an effort to improve the productivity of its domestic operation and solidify its return to profitability.
