ANA said it will continue to develop its dual-hub model in Tokyo “to capitalize on the characteristics of Haneda and Narita airports, capturing not only outbound travel demand from Japan but also inbound demand from overseas and connecting travel between North America and Asia.”
UK-based LCC EasyJet has reported a strong quarter, with revenue growing 14.4% to £1.14 billion ($1.60 billion) year-over-year, boosted in part by failures and struggles among its European competitors.
United Airlines plans to grow system capacity 4–6% year-over-year (YOY) each year during 2018–20, an aggressive pace that is likely to be faster than main rivals American Airlines’ and Delta Air Lines’ rate of capacity expansion.
Despite orders and deliveries of large commercial aircraft rising solidly in 2017, and many public companies in the sector reporting record profits and cash returns to shareholders, the aerospace industry still faces several challenges, consultancy Accenture warns.
Boeing’s plan for a New Mid-market Airplane is being met with some hesitation by the aircraft finance and leasing community, as illustrated by comments by AerCap CEO Aengus Kelly.
The U.S. Transportation Security Administration is requiring six Middle East-based airlines to implement additional security protocols for air cargo being transported to the U.S. from seven of that region’s airports.
Despite ongoing problems with engine suppliers Pratt & Whitney and CFM International, Airbus delivered 105 A320neo-family aircraft in December, to help almost meet the annual target of 200, Head of Programs Didier Evrard reported.
Embraer Commercial Aircraft CEO John Slattery issued a stark warning to the aircraft financing world, arguing that favorable conditions mark a lack of much-needed structural change in the industry.
Jazz Aviation’s pilot career-development program has added College Air Richelieu of Saint-Hubert, Quebec, to its roster, boosting the number of educational institutions to 12 and total partners to 16, the two organizations announced.
Rolls-Royce has won an order from aircraft lessor AerCap for Trent 1000 engines to power ten Boeing 787 Dreamliner aircraft. The deal is valued at $450m at list prices. In addition, AerCap has options for a further five Trent 1000-powered 787s.
There are multiple factors contributing to the current sluggishness, including aircraft program issues, capacity considerations and airline strategy factors.
ATR has several upgrades in the works for its turboprops, the 40-seat-class ATR 42 and the 70-seat-class ATR-72, but is prioritizing market acceptance over technological readiness.
The Boeing 787-10, the third and largest 787 variant, has gained FAA certification, clearing the way for first delivery to Singapore Airlines during the first half of this year.
Air France-KLM is planning to order new aircraft to update portions of the fleets of regional airline HOP!, Netherlands-based KLM and LCC Transavia, according to CEO Jean-Marc Janaillac.
Former FAA Administrator Michael Huerta has been appointed a senior advisor with Macquarie Capital, the investment arm of Sydney-based banking and financial services company Macquarie Group, the firm announced.
The anticipated rise in interest rates combined with strong underlying demand for aircraft will lead to higher lease rates, Air Lease Corp. CEO John Plueger forecasts.
