Mitsubishi Aircraft Corp. parent company Mitsubishi Heavy Industries (MHI) has installed two of its executives at the top of the leadership structure of its subsidiary producing the MRJ, the Japanese regional jet that has been beset by multiple program delays.
Bombardier and Irish regional CityJet finalized a conditional purchase agreement for six CRJ900s plus four options, which was previously announced Jan. 24.
Turkish Airlines is on a cost-savings drive and has grounded 25 narrowbodies after events last year hit demand for travel to Turkey, but the carrier’s new CEO, Bilal Eksi, says he has no plans to cancel any new aircraft orders.
After spending billions in investments in foreign airlines and new aircraft, Etihad’s CEO James Hogan is being replaced. With less appetite for risk and growth, what’s next for the Abu Dhabi-based airline?
Etihad acquired stakes in many troubled airlines abroad in the hope of gaining size by turning them around. But the financial burdens have proved unbearable; Etihad’s owners are switching course.
MRJ program slippage now totals a remarkable 6.5 years. The obvious explanation for most of the troubles is simple: inexperience. Yet MHI is looking at a successor program.
The AirAsia Group has kept its fleet growth relatively flat over the past year, with its Thai affiliate the only one to expand aircraft numbers significantly.
Cathay Pacific has revealed the outlines of its largest restructuring in 20 years, while Malaysia Airlines makes encouraging progress on its more ambitious changes.
Boeing reported a 2016 net profit of $4.9 billion, down 5% from net income of $5.2 billion in 2015, marking the company’s second straight year of declining earnings.
Leading aircraft lessor AerCap expects a substantial number of widebody deferrals but argues the market is still strong enough to deal with some turbulence.
