Emirates orders 30 Boeing 787 Dreamliners to complement 777X family

Emirates signs orders for 30 787 Dreamliner aircraft at Dubai Airshow ©Boeing

Boeing and Emirates have finalized a purchase agreement for 30 787-9 Dreamliner airplanes. The agreement, signed at the Dubai Airshow, culminates discussions between the two companies on the best 787 Dreamliner model to meet the requirements of one of the world’s leading airlines. Emirates had previously signed an initial agreement for the larger 787-10 variant. In officially selecting the 787-9 today, Emirates adds a medium-sized widebody airplane to complement the airline’s larger 777 aircraft. Both airplane families lead their respective category for superior range and fuel efficiency. As part of the agreement, Emirates will update a portion of its large Read more

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Greater interest shown in the Boeing 737 MAX on day three of the Dubai Airshow

Air Astana signs LOI to order 30 Boeing 737 MAX 8 airplanes ©Boeing

After two relatively quiet days for Boeing at the Dubai Airshow, the U.S. planemaker has announced that Kazakhstan flag-carrying airline Air Astana has signed a letter of intent for an order of 30 737 MAX8 jets for its low-cost subsidiary FlyAristan, while a further undisclosed carrier has signed a firm order for ten 737 MAX7s and ten 737 MAX10 jets. No indication has been given as to what discounts were obtained, though at book price the deals are worth approximately US$6 billion. This is good news for Boeing considering the 737 MAX has been grounded since March and is unlikely Read more

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Airbus secures two megadeals at Dubai Airshow

Air Arabia orders 120 Airbus aircraft comprising 73 A320neos, 27 A321neos and 20 A321XLRs ©Airbus

After a quiet first day for aircraft orders, the second day of the Dubai Airshow saw Airbus triumph over long-time rival planemaker Boeing with two megadeals worth a total US$30 billion. However, Boeing received a “vote of support” for its beleaguered 737 MAX with an order for ten more of the aircraft from Turkish carrier SunExpress, the scheduled and chartered passenger 50:50 joint venture airline between Lufthansa Group and Turkish Airlines. The first of the two massive Airbus deals was with Emirates Airline (Emirates) for 50 350-900 wide-body aircraft valued at US$16 billion at list price. Emirates is looking to Read more

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Virgin Galactic debuts Astronaut Readiness Program

Lead Designer Nick Cienski trains with Under Armour model ©Virgin Galactic

Virgin Galactic unveiled its Future Astronaut Readiness Program at the global headquarters of Under Armour, who are providing the spacesuits for all Virgin Galactic’s customers. A number of Future astronauts, who will be among the first to participate in space flight with Virgin Galactic, were in attendance and underwent guidance and instruction from a number of key team members, as well as carrying out certain flight preparation activities. For those in attendance, the most exciting part of the experience was being fitted for their personal space suits, which will then be ready for them when they venture into space. All Read more

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Hong Kong political unrest forces Cathay Pacific to lower profit guidance again

Cathay Pacific Airways ©AirTeamImages

Cathay Pacific Airways (Cathay Pacific), the flag carrying airline of Hong Kong has been forced, for the second time in under a month, to reduce its profit guidance owing to anti-government protests in the city which have forced schools, many businesses and transport links to shut down. The airline confirmed on Wednesday, October 13, that passenger numbers had fallen 7% for the month of October and instead of last months prediction that profit for the second half of the year would be “below” that of the first half of the year, this statement used the phrase “significantly below” the first Read more

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KLM firms up order for 21 Embraer E195-E2 jets

KLM intents to buy up to 35 E195-E2 jets ©Embraer

Embraer and KLM Cityhopper have signed a firm order for 21 E195-E2 aircraft, plus 14 purchase rights. The 21 firm positions will be acquired via operating leases from Embraer lessor partners Aircastle and ICBC Aviation Leasing. The order was previously announced as a Letter of Intent for 15 firm orders with 20 purchase rights at the Paris Air Show earlier this year. With all purchase rights exercised, the deal would have a value of US$2.48 billion. The aircraft for this order will come from the existing backlogs of lessors Aircastle and ICBC Aviation Leasing; each providing KLM with 11 and Read more

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Colorful Guizhou Airlines concludes US$1 billion agreement with CFM

Colorful Guizhou Airlines finalizes RPFH-agreement for LEAP-1A engines with CFM ©AirTeamImages

Colorful Guizhou Airlines has finalized a 12-year Rate-Per-Flight-Hour (RPFH) agreement for LEAP-1A engines that will power the airline’s future fleet of up to 35 Airbus A320neo aircraft, along with five spare engines. The agreement is valued at approximately US$1.0 billion at list price. The contract was signed in conjunction with French President Emmanuel Macron’s state visit to China. RPFH agreements are part of CFM’s portfolio of flexible aftermarket support offerings. Under the terms of the agreement, CFM Services guarantees maintenance costs for the airlines LEAP-1A engines on a dollar-per-engine flight-hour basis. Established in June 2015, Colorful Guizhou Airlines is one Read more

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Play rises from the ashes of WOW as new Icelandic carrier

©Play

The founders of Iceland’s newest airline have announced that Play will be the carrier’s name and they have also revealed the airline’s striking red livery. Play is due to commence commercial cargo-only operations in December and will initially lease Airbus A320 medium-range jets. However, the company has yet to obtain an air operator’s license, though it is understood the final stages have been reached. Initially, Play will fly to six European destinations this winter using two A320s, while six of the aircraft are expected to be in service by the summer. Play intends to add four destinations in North America Read more

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Safran’s Board of Directors selects Olivier Andries as future CEO

The Board of Directors of Safran has selected Olivier Andries as successor to Philippe Petitcolin in the position of Chief Executive Officer with effect on January 1, 2021, after a transition period of one year starting on January 1s, 2020. As of that date (1/1/2020), Andries will serve under Petitcolin’s authority. Andries has demonstrated all the qualities required to lead the Group. He has acquired solid operational experience over the past 10 years in the Group’s Defence and Security activities (2009-2011) and Propulsion activities since 2011 (Safran Helicopter Engines and subsequently Safran Aircraft Engines). The year 2020 will be devoted Read more

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IAG to acquire Air Europa for €1 billion

Air Europa ©AirTeamImages

International Consolidated Airlines Group (IAG) and Globalia have signed a definitive transaction agreement under which IAG’s wholly owned subsidiary, IB OPCO Holding S.L. (Iberia), has agreed to acquire the entire issued share capital of Air Europa Líneas Aéreas, S.A.U (Air Europa) for €1 billion to be satisfied in cash at Completion and subject to a closing accounts adjustment. Air Europa, based on Mallorca, Spain, is one of the leading private airlines in Spain, operating scheduled domestic and international flights to 69 destinations, including European and long-haul routes to Latin America, the United States of America, the Caribbean and North Africa. Read more

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