Airbus forcasts nearly 37,400 new aircraft valued at US$5.8 trillion required over 20 years

The world’s passenger fleet will more than double to 48,000 aircraft in 20 years with traffic growing at a resilient 4.4% per year, driving a need for 37,390 new passenger and freighter aircraft according to Airbus’ new Global Market Forecast 2018-2037. Growth drivers include private consumption increasing 2.4 times in emerging economies, higher disposable incomes and a near doubling of the middle classes globally. Emerging countries will account for over 60% of economic growth, with trips per capita to multiply 2.5 times for these nations. Combined with evolving airline business models and continuing liberalisation, the growing scale of air transportation Read more

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Landslide majority as U.K.’s parliament votes in favor of third London Heathrow runway

With 415 votes for and 119 votes against, the U.K parliament has given the go-ahead for the construction of a third runway at the city’s busiest airport, Heathrow. However, this is just one more step in many phases that will have to be gone through before any construction work. The vote gives the green light to the construction of a new runway at the airport, but that is all. There is still a long way to go before it will be agreed what, exactly, can be built, and what increase in flight numbers will be permitted. There is still sufficiently Read more

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Threat of Airbus leaving the UK after Brexit “a dawning reality”

Up until now there has been a great deal of rhetoric over what European companies will do if Britain does not secure a solid and clear Brexit deal when it exits the European Union on March 29 next year. That has now changed with Airbus, the second-largest global plane manufacturer making it clear that there is every likelihood it will make no further investment in U.K. suppliers and will close down its own U.K.-based manufacturing facilities. Currently, Airbus has over 4,000 suppliers based in the UK and directly employs over 14,000 people at 25 sites. One of the ‘jewels in Read more

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Bell and Safran to collaborate on the development of innovative hybrid electric propulsion systems

At the Future of Transportation World Conference in Cologne, Germany, Bell Helicopter, a Textron Inc company, announced a newly formed collaboration with Safran on the development of innovative hybrid electric power system solutions to support Bell’s vertical take-off and landing (VTOL) aircraft concept. Bell Helicopter’s Director of Innovation, Scott Drennan, commented that: “Bell is at the forefront of on-demand mobility – ushering a new era of flight where the benefits of aviation are accessible to more people in more places. This announcement is another proof point of our commitment to providing transportation of people and logistics in new, innovative and Read more

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Rolls-Royce confirms 4,600 jobs will go

As part of its restructuring, Rolls-Royce has confirmed that 4,600 jobs are to go worldwide, including 3,000 positions based in the UK, the majority being managerial and administrative roles. The company has not ruled out the need for compulsory redundancies. It has also been confirmed that some engineers will also be leaving, predominantly those in early-stage design as they are not presently needed. This is the biggest round of redundancies since 2001 and by the end of this year 1,500 of the 4,600 jobs will have been axed. The cost of these redundancies, along with other restructuring, may well reach Read more

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Gatwick’s latest £1.1bn five-year-plan takes total investment over £3bn mark

At the British-Irish Airports Expo in London, London Gatwick Airport’s Chief Executive, Stewart Wingate, announced a new five-year Capital Investment Plan (CIP) for Gatwick Airport which will see an investment of £1.1bn over a five-year period, with £266m already earmarked for 2018/2019 alone. Gatwick sees continued growth in the long-haul market, predicting passenger numbers increasing to 53 million by 2023 and is concentrating on improving facilities and transforming passenger services. Since the airport came under the ownership of Gatwick Airport Limited, a wholly owned subsidiary of Ivy Holdco Limited, in 2009 and including this latest announced investment, the total investment Read more

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Dreamliners further affected as Rolls-Royce Trent 1000 develops more problems

The Rolls-Royce 1000 Trent engine which powers the Boeing Dreamliner has developed further problems, which has caused concern over safety and which has created potential disruption for carriers including British Airways and Norwegian. Having currently focused its attention on trying to fix durability problems with the ‘Package C’ version of the engine, 166 of its ‘Package B’ engines now require further inspection. The problem would appear to be of a similar nature – parts are wearing out faster than anticipated. Already aircraft have been grounded as a result of ‘Package C’ problems, while airlines including Virgin Atlantic have been forced Read more

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First of six Philippine Airlines A350 XWBs enters final production phase

Airbus has announced from its production facility in Toulouse, France that a new A350-900 destined for Philippine Airlines has taken its first flight as part of the final production process. The aircraft will be ready for delivery within the next few weeks. This is the first of six A350-900s, or XWBs on order – XWB standing for Extra-wide Body – which will be used by the Philippine flag carrier for long-haul services from Manila to North America and Europe. The six jets will join Philippine Airline’s existing Airbus fleet comprising 26 A320 Family aircraft, 15 A330s and five A340s. The Read more

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Thai Airways International to service Rolls-Royce engines

Thai Airways International (THAI) and Rolls-Royce have signed a cooperation agreement to collaborate and explore how the two companies will work together to expand the Trent CareNetwork, by building on THAI’s existing Maintenance, Repair, and Overhaul (MRO) capabilities. Becoming an Authorized Maintenance Center (AMC) for Rolls-Royce will enable THAI to support its growing fleet of Rolls-Royce engines while also generating additional capacity and flexibility within the Rolls-Royce CareNetwork. THAI operates approximately 80 widebody aircraft, of which more than 50 are powered by Rolls-Royce engines. Mrs. Usanee Sangsingkeo, THAI Acting President, said “This agreement builds on THAI’s existing MRO facilities to Read more

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Major blow to Airbus A380 program as two jets to be stripped for parts

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After ten years in operation, Singapore Airlines chose not to renew its lease on two Airbus A380-800s in 2017. Owners of the two ‘superjumbos’, the Dr. Peters Group, a Dortmund, Germany-based traditional financial and management holding company, have subsequently failed to attract buyers for the jets, having made approaches to several airlines, including, British Airways, HiFly and IranAir. As a consequence, the Group has chosen to strip the aircraft and sell the components, a result that will be unsettling for buyers of new A380 aircraft, though ultimately good for investors in DS funds No. 129 and No. 130, which will Read more

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