AAR Corp. is confident that its growing partnership with drag reduction kit developer Aero Design Labs (ADL) will prove lucrative as Boeing 737 operators sign up for the new kits and similar fuel-saving products are rolled out.
The updated forecast, part of Boeing’s latest Commercial Market Outlook, sees commercial aviation services generating $3.6 trillion in sales over the next 20 years.
The recent establishment of a second 737-800 freighter conversion line at Boeing's MRO facility at London Gatwick signals its strategy of providing flexibility in search of capacity.
Air France-KLM and U.S. asset management business Apollo Global Management have signed an agreement for Apollo-managed funds and entities to invest €500 million ($502 million) in an ad hoc Air France operating affiliate.