Reading Time: < 1 minute Boeing has raised its forecast for new airplane demand, projecting the need for 41,030 new airplanes over the next 20 years valued at $6.1 trillion dollars. The company’s annual Current Market Outlook (CMO) was released at the Paris Air Show, with total airplane demand rising 3.6 percent over last year’s forecast. “Passenger traffic has been […]
Reading Time: < 1 minute India and Russia agreed to strengthen bilateral cooperation in the aviation sector by setting up joint ventures in the field of manufacturing, as India is set to become the third largest global aviation market by 2020. “The Regional Connectivity Scheme of the government of India provides an opportunity for strengthening cooperation in joint production and […]
Reading Time: < 1 minute Bombardier reported its first quarter 2017 results, demonstrating continued momentum executing its turnaround plan. Highlighting the company’s progress was strong organic growth at Transportation, EBIT margin(1) expansion at both Transportation and Business Aircraft, and significantly improved year-over-year cash performance. Bombardier reported revenues of $3.6 billion and EBIT before special items was $128 million. EBIT margins […]
Reading Time: 2 minutes The Russian government has decided to once again cut the budget of the federal program to develop the aviation industry in 2013-2025. A decree signed by Prime Minister Dmitry Medvedev on March 31 reads that the amount of federal budget funding for the program will be reduced by 11.4%. from 714.2 billion rubles ($12.47 billion […]
Reading Time: 2 minutes Localizing production line under Make in India initiative puts Russia’s United Aircraft Corporation in advantageous position to tap India’s fast growing civil aviation sector. India’s emergence as the third largest aviation market in terms of domestic passenger traffic overtaking Japan and now just behind China and the US comes as an opportunity for major aircraft […]
Reading Time: 2 minutes American Airlines today has committed to make a US$200 million equity investment in China Southern Airlines, creating a strong foundation for a long-term relationship between two of the world’s biggest carriers. China Southern is the largest airline in China and is the ideal carrier for American, the largest airline in the world, to build a […]
Reading Time: < 1 minute The FAA released its annual Aerospace Forecast Report Fiscal Years 2017 to 2037 in which it has predicted sustained and continual growth in most aspects, from general aviation private flying to large commercial passenger airlines. It has predicted a 2.4 percent annual growth in RPMs (Revenue Passenger Miles) between 2016 and 2037 for mainline and […]
Reading Time: < 1 minute The European Union (EU) and South Asian states celebrated the launch of a new project to enhance their ties in civil aviation. This four-year project, managed by the European Aviation Safety Agency (EASA), will enhance aviation safety, promote institutional and industrial links, and mitigate the environmental impact of aviation. The project will be implemented with […]
Reading Time: 4 minutes Bombardier has reported its fourth quarter and full year 2016 results. The Company also affirmed its guidance for 2017 and highlighted another quarter of solid performance as it executes its turnaround plan. “Our turnaround plan is in full motion,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “In 2016, Bombardier delivered on its […]
Reading Time: < 1 minute Aeroflot has been named the strongest airline brand globally in 2017 by Brand Finance, the world’s leading independent branded business valuation and strategy consultancy. Brand strength is based on observing the brand’s current performance, accessing the relevant beliefs, associations and attitudes in the minds of consumers, and estimating the brand’s future performance and profit streams. […]