Boeing projects $770 billion market for new airplanes in Asia-Pacific.

Boeing detailed its 2005 Current Market Outlook (CMO) for the Asia-Pacific region, forecasting a market for about 7,200 new airplanes worth $770 billion over the next 20 years. Over the forecast period, Asia-Pacific will remain the largest market outside North America for new commercial airplanes. With the continued high rate of growth for Asia-Pacific air travel and air cargo markets, Asia-Pacific’s fleet will nearly triple to about 8,600 airplanes by the end of the forecast period. Nearly 7,200 new airplanes will be needed for future growth and replacement. Single-aisle airplanes, such as the Boeing 737 will be the largest category Read more

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Third A380 performs first flight

Airbus’ third A380, MSN 2, performed its first flight on 3rd November. The flight lasted three hours and took the aircraft over Southern France. During the flight, all systems were checked out and the whole flight envelope was cleared. The tests performed were similar to those of a serial production plane. The aircraft joins the first two A380s which, together, have already performed some 440 test flight hours in over 120 flights. These three development aircraft are powered by Rolls-Royce Trent 900 engines.

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Russia's Volga-Dnepr Group orders two Boeing 747-400ER freighters

AirBridge Cargo Airline of Russia has ordered two 747-400ER freighters from Boeing. The aircrafts, with a list price value of $450 million, are scheduled for delivery in October 2007 and February 2008 and will be powered by General Electric CF6-80C2B5F engines. AirBridge Cargo currently operates two Boeing 747-200F and one Boeing 747-300. The company is considering different aircraft types to support the strategic development of its route network. AirBridge Cargo plans to operate a mixed fleet of Boeing 747 freighters on trunk routes and Russian-built Ilyushin-76, AN-12 or Tupolev 204 freighters on regional feeder flights. Looking forward AirBridge Cargo will Read more

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Boeing and Ariana Team Up for Airline's Renewal

Ariana Afghan Airlines and Boeing have finalized a fleet renewal plan that includes the lease of two 757-200s from Boeing Capital Corporation, as well as the direct purchase of four Next-Generation 737-700 airplanes that the airline will receive beginning in 2009. The agreement also includes an advanced training package for Ariana’s flight and cabin crews and maintenance and engineering staff to begin training for the 757-200s, that will be delivered later this month. Ariana currently owns three Airbus A300/B4, four Boeing 727-200 Advance Series, and one Antonov 24.

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Air Canada will re-engage Boeing for 777 and 787 purchase

Air Canada announced that it will re-engage Boeing to conclude an agreement on the acquisition of Boeing 777 and 787 aircraft. The airline received a binding arbitration decision resolving the matter of pilot costs and other issues relating to the airline’s acquisition the new aircrafts. The airline canceled in June 2005 an order of up to 50 Boeing 777 and 787 due to the pilot

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CIT places $400 million order for IAE's V250

CIT Group Inc has selected the IAE V2500 to power up to 24 Airbus A320 family aircraft. The order is made up of 12 firm and 12 options and, if all the options are realized, the deal will be worth more than $400 million. CIT already has 33 V2500-powered aircraft in service with a further 10 on firm order.

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