Reading Time: 6 minutes The International Air Transport Association (IATA) announced that it expects the global airline industry to make a net profit in 2017 of $29.8 billion. On forecast total revenues of $736 billion, that represents a 4.1% net profit margin. This will be the third consecutive year (and the third year in the industry’s history) in which […]

Reading Time: 2 minutes Boeing unveiled its 2016 Boeing Pilot & Technician Outlook for the Asia-Pacific region, projecting that more than 500,000 new pilots and technicians will be needed to support the expanding demand for new airplane deliveries over the next two decades. The outlook, a leading industry forecast of aviation personnel demand, anticipates the need for 248,000 new […]

Reading Time: 1 minute Airbus reported firm orders for 14 commercial aircraft in November, valued at $1.6 billion at list prices, from two airlines and one undisclosed customer. The Toulouse-based manufacturer’s biggest order for the month came from an undisclosed customer Nov. 15, for five A321ceos and three A320ceos, valued at $868.5 million. Additionally, Sharjah, UAE-based low-cost carrier (LCC) […]

Reading Time: < 1 minute Gulfstream Aerospace Corp. today announced it has sold the last Gulfstream G150, marking the end of the mid-size aircraft’s more than 10-year production run. The final G150 will be delivered to a customer in mid-2017. “The G150 has had a distinguished history, spanning more than a decade,” said Mark Burns, president, Gulfstream, “and it remains […]

Reading Time: 2 minutes Air Canada announced today that it has priced a private offering of senior secured notes and received commitments from lenders for a new credit facility in connection with its C$1.25 billion refinancing transaction. As part of its refinancing transaction, Air Canada entered into a purchase agreement with a syndicate of initial purchasers relating to a […]

Reading Time: 2 minutes China’s leading provider of commercial airplanes, projects a demand for 6,810 new airplanes in China over the next 20 years. Boeing released its annual China Current Market Outlook (CMO) today in Beijing, estimating the total value of those new airplanes at $1.025 trillion. China becomes the first trillion dollar aviation market in Boeing’s forecast. “As […]