Reading Time: < 1 minute Boeing confirms the signing of a Memorandum of Agreement (MOA) with Iran Aseman Airlines, expressing the airline’s intent to purchase 30 Boeing 737 MAX airplanes with a list price value of $3 billion. The agreement also provides the airline with purchase rights for 30 additional 737 MAXs. According to the U.S. Department of Commerce, an […]
Reading Time: 2 minutes Boeing and MIAT Mongolian Airlines (Mongolyn Irgenii Agaaryn Teever) today announced the airline’s decision to lease two 737 MAX airplanes from Avolon, a global aircraft leasing company. The airline plans to introduce the new 737 MAX airplanes in early 2019 as it looks to bolster its single-aisle fleet. “The 737 MAX will become a cornerstone […]
Reading Time: 2 minutes On the back of what its CEO calls “an interesting year,” Air Arabia, the UAE’s only publicly listed airline, recorded a four percent drop in net profits during 2016. It’s a remarkably better result than any of the country’s other airlines that have announced their results, making Sharjah’s low cost carrier, arguably, the UAE’s best […]
Reading Time: < 1 minute The International Air Transport Association (IATA) announced new data showing that aviation and aviation-induced tourism support 1.1 million jobs and contribute $32.9 billion to Brazil’s GDP, an amount equivalent to 1.4% of the country’s GDP. These findings are among the highlights of ‘The Importance of Air Transport in Brazil’ study conducted by Oxford Economics on […]
Reading Time: 2 minutes Delta Air Lines and Korean Air have reached an agreement to deepen their historic partnership, with an expanded trans-Pacific network that will increase travel choices and boost competition between the U.S. and Asia. The airlines signed a memorandum of understanding to implement a joint venture arrangement, which will offer customers access to the most comprehensive […]
Reading Time: < 1 minute Bombardier Commercial Aircraft announced that Dublin-based regional carrier, CityJet has exercised the four options that were part of a purchase agreement announced on February 1, 2017. That agreement included a firm order for six CRJ900 aircraft and options for four more. Upon delivery, the aircraft will operate under wet lease in the SAS network. Based […]
Reading Time: < 1 minute Two industry giants, American Airlines and China Southern Airlines, have created the foundation for a long-term relationship, with American Airlines’ commitment to make a US$200 million equity investment in China Southern Airlines. Currently, China Southern’s primary hub is located in Guangzhou (CAN) with the majority of its transpacific flights positioned there, while American flies to […]
Reading Time: 2 minutes The Latvian airline airBaltic has achieved its first year of growth after the successful turnaround period, and demonstrated positive results, both on EBIT and net income. “After an intensive period of turnaround airBaltic is back on a profitable growth path and able to offer lower prices and more destinations with our brand new aircraft”, says […]
Reading Time: 4 minutes Lufthansa Technik AG, headquartered in Hamburg, continued its track record for international growth in 2016 and produced a good result with significantly more investment. The increase in revenue with non-group companies overcompensated the decline in internal orders. Solid profitability Sales revenue climbed by 45 million euros from 5.099 billion euros to 5.144 billion euros. The […]
Reading Time: 2 minutes New research suggests that many airlines would improve profitability by leasing more aircraft. Sylvain Bourjade and Catherine Muller-Vibes of Toulouse Business School analysed 16 years of data from different types of carrier, and found that “the optimal leasing level… is significantly higher than the proportion of leased aircraft in the worldwide global fleets”. One area […]