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Tag: airways (Page 19 of 21)

Boeing Increases Chinese New Plane Forecast By 6.2%

September 12, 2018 /

BEIJING (Reuters) – Chinese airlines will buy 7,690 new planes worth $1.2 trillion over the next two decades to keep pace with booming consumer and business demand for air travel, Boeing Co said on Tuesday, raising a previous forecast.

The U.S. planemaker’s latest estimate for the period to 2037 is 6.2 percent higher than its previous prediction of 7,240 planes until 2036 made last year.

“The growth in China can be attributed to the country’s growing middle class, which has more than tripled in the last 10 years and is expected to double again in the next 10,” said Randy Tinseth, Boeing Commercial Airplanes’ vice president of marketing, in a statement.

Boeing and its European rival Airbus have been jostling to increase market share in China, the world’s fastest growing aviation market, with both opening assembly plants in the country.

The company has so far been mostly spared in an ongoing trade war between the United States and China. Large airplanes have been left out of China’s retaliatory tariff lists although U.S. President Donald Trump has threatened to slap tariffs on virtually all Chinese imports into the United States.

Boeing also predicted that China will account for 18 percent of the world’s commercial airplane fleet by 2037, up from 15 percent currently, and forecast that the country will need over $1.5 trillion in commercial services to support its fleet.

Three quarters of the 7,690 plane orders over the next 20 years will likely be for single-aisle aircraft while China’s widebody fleet will require 1,620 new planes, tripling the country’s current widebody fleet size, it added.

(Reporting by Stella Qiu and Brenda Goh; Editing by Darren Schuettler and Muralikumar Anantharaman)

Image from www.boeing.com

Boeing Crushes Airbus On Farnborough Freighter Orders

August 2, 2018 /

Boeing scored a crushing victory at the 2018 Farnborough Air Show with orders for a total of 88 freighters. In comparison, Airbus had total freighter sales at the show of zero! This highlights the almost complete lack of competition for customers on the freighter front. The issue has caught the attention of Eric Schulz, the chief commercial officer at Airbus, and he has acknowleged that it’s time for his group to address the space.

Airbus does offer the A330-200F, which is a derivitive of its A330 jetliner family. Build at the factory as a freighter, it offers high efficiency operation andh less noise and emissions than other mid-sized cargo aircraft in service today. It also offers full operational commonality with the entire family of Airbus fly-by-wire airliners. Etihad Airways recently announced that it will be selling its five A330-200F cargo planes in an effort to focus on what it’s referring to as “core” routes out of Abu Dhabi.

Airbus also offers to convert A330’s from a passenger aircraft to freighter, called the A330P2F. The final offering in the linup is the A300-600ST. More commonly referred to as the Beluga, the plane has a modified cargo bay designed to transport oversized payloads. The 5 Beluga’s currently in service are all operated by Airbus to transport sections of Airbus aircrafft being assembled from one fatory to another.

Airbus had originally accepted orders for a freighter version of it’s flagship A380 aircraft. The plane boasted the largest payload capacity of any cargo aircraft in production, with the exception of two Antonov An-225 Mriya’s. Production of the A380 freighter was suspended in 2006 as the initial passenger aircraft delivery schedule was slipping due to manufacturing issues and the aircraft coming in over weight. Dubbed the A380F, the aircraft had attracted 27 orders after first being announced. Later, 20 of these orders were cancelled, with the remaining 7 being converted to the passenger version. The A380F was later completely removed from the Airbus website in 2015.

Image from www.airbus.com

Uzbekistan Airways Retires Last Ilyushin Il-114

July 25, 2018 /

JULY 24, 2108 BY LUCKY

Last summer I had the chance to visit Uzbekistan. I flew with Live and Let’s Fly from New York to Tashkent in Uzbekistan Airways’ 787 business class, spent a few days in Uzbekistan, and then continued from Tashkent to Dushanbe inUzbekistan Airways’ A320 business class. The experience was fascinating, though rather annoyingly the airline has a policy against photography. (though that didn’t stop us) 

Click the link below for the full story!

Uzbekistan Airways Retires Last Ilyushin Il-114

Image courtesy of Andrew Dyubin, Wikimedia Commons

Airbus & Boeing Deals @ Farnborough Airshow

July 18, 2018 /

(Reuters) – Following is a summary of commercial aircraft deals announced by Airbus (AIR.PA) and Boeing (BA.N) at the Farnborough Airshow in southern England.

The two companies have so far signed deals worth more than $100 billion at current list prices. However, this is a gross number. Several of the deals firm up provisional ones, disclose previously unidentified buyers, or change existing orders, making it hard to gauge the level of new business.

AIRBUS DEALS – $57 billion

** GOLDEN FALCON AVIATION (for Wataniya Airways): confirmed an order for 25 Airbus A320neo jets for Kuwait’s Wataniya Airways worth about $2.8 billion at list prices.

** GOSHAWK AVIATION: a firm order for 20 Airbus A320neo jets worth about $2.2 billion at list prices.

** LEVEL (low cost of IAG): firm order for two A330-200s, worth around $477 million at list prices. https://bit.ly/2Jumrbv

** MACQUARIE FINANCE: ordered 20 A320neo jets in a deal worth about $2.2 billion at list prices.

** PEACH AVIATION: updated a previous deal for 10 A320neo, changing it to eight A320neo and two A321LR planes. The deal would be worth around $1.1 billion at list prices.

** SALAMAIR: signed an agreement to add six new A320neo aircraft to its fleet. The deal would be worth around $700 million at list prices.

** SICHUAN AIRLINES: ordered 10 Airbus A350 XWB jets, confirming a deal struck earlier this year. The order is worth about $3.2 billion at list prices.

** STARLUX AIRLINES: signed a preliminary deal for 17 Airbus A350 jets worth an estimated $6 billion at list prices.

** UGANDA AIRLINES: signed memorandum of understanding for two A330-800neo aircraft, worth around $0.5 billion at list prices.

** UNDISCLOSED CUSTOMER: order for 100 A320neo family aircraft worth about $11.5 billion at list prices.

** UNDISCLOSED CUSTOMER: a preliminary deal for 80 A320neo jets with a leasing firm. The deal would be worth around $8.8 billion at list prices.

** UNDISCLOSED CUSTOMER: has signed a commitment for six A330neo family aircraft. The deal would be worth around $1.6 billion based at current list prices. https://bit.ly/2uJJsBT

** U.S. AIRLINE START-UP: a commitment for 60 Airbus A220-300 aircraft worth about $5.5 billion at list prices.

** VISTARA: a letter of intent to buy 13 Airbus A320neo aircraft and commitment to taking a further 37 A320neos from leasing firms. The deal for all 50 aircraft would be worth around $5.5 billion at current list prices.

** VIVA AEROBUS: firmed up a deal for 25 incremental A321neo and 16 conversions of A320neos to A321neos. The 41 planes are worth around $5.3 billion at list prices.

BOEING DEALS – $82 billion

** AIR LEASE CORP (AL.N): committed to buy as many as 78 Boeing aircraft in a deal valued at $9.6 billion at list prices.

** AVIATION CAPITAL GROUP: order for 20 737 MAX 8 airplanes, valued at $2.34 billion at list prices.

** DHL: a $4.7 billion deal for four Boeing 777 Freighters, and purchase rights for seven additional freighters.

** GECAS: an agreement for 35 additional 737-800 Boeing Converted Freighters. The deal includes 20 firm orders and an option for 15 more. The deal for 35 aircraft would be worth around $3.6 billion at list prices. http://bit.ly/2mme2O5

** GOL AIRLINES: an order for 30 737 MAX 10 Airplanes, 15 MAX 8s. New agreement converts some MAX 8 orders to the larger MAX 10 model, adds 15 more jets. The deal for 45 aircraft would be worth $5.7 billion at current list prices.

** GOSHAWK AVIATION: an order for 20 737 MAX jets valued at $2.3 billion at current list prices.

** JACKSON SQUARE AVIATION: a firm deal to buy 30 737 MAX 8 aircraft, valued at about $3.5 billion at list prices.

** JET AIRWAYS: ordered an additional 75 737 MAX 8 airplanes valued at $8.8 billion at current list prices.

** QATAR AIRWAYS: finalised an order for five 777 Freighters, valued at $1.7 billion at list prices.

** SEACONS TRADING: ordered a Boeing Business Jet MAX 7, worth $96 million based on current list prices.

** TAROM ROMANIAN AIR TRANSPORT: a $586 million order for five 737 MAX 8 airplanes.

** UNITED AIRLINES (UAL.N): expanded its commitment to the 787 Dreamliner programme with an order for four more 787-9 planes, worth about $1.1 billion according to current list prices. https://bit.ly/2NXKYJw

** UNDISCLOSED CUSTOMERS: sign commitments for 40 High-Capacity 737 MAX 8s, 53 MAX 8 Airplanes, worth nearly $11 billion at current list prices

** VIETJET (VJC.HM): provisionally ordered 100 Boeing 737 MAX jets, worth about $12.7 billion at current list prices

** VISTARA: confirmed an order for six Boeing 787-9 Dreamliners, with an option to buy four more. The deal for the 10 planes would be worth about $2.8 billion at list prices.

** VOLGA DNEPR: committed to buying 29 of Boeing’s 777 freighter aircraft and five of its 747-8 freighter, in a deal worth about $11.8 billion at list prices.

(Compiled by Joao Manuel Mauricio, Katarzyna Piasecka and Anna Pruchnicka in Gdynia; Editing by Mark Potter)

Boeing Gets Farnborough 777-F Order

July 17, 2018 /

The Farnborough International Airshow kicked off today, with Boeing Co. (NYSE: BA) 777 Freighters pushed to the limelight as logistics and airline companies finalized their orders for fleet expansion. The 777 Freighter is an all-cargo version of the 777-200 longer-range passenger liner. Boeing rolled out the first 777 Freighter in 2008, and the aircraft’s sales have been going strong ever since.

Click the link below for the full story!

Boeing Gets Farnborough 777-F Order

Embraer Gets $1.1 Billion Order From United Airlines

July 17, 2018 /

SAO PAULO (Reuters) – Embraer SA (EMBR3.SA) has signed a firm order with United Airlines (UAL.N) for twenty-five 70-seat E175 jets, the Brazilian planemaker said on Monday, providing a boost to the company shortly after JetBlue Airways Corp (JBLU.O) opted to replace its fleet of Embraer jets with ones made by Airbus SE (AIR.PA).

Under the contract, worth $1.1 billion at current market value, Embraer is set to deliver the jets in the second quarter of 2019, Embraer said in a statement.

Earlier in July, JetBlue announced it would buy 60 A220-300 narrowbody jets from Airbus, sending down shares in Embraer. The A220 will replace JetBlue’s existing fleet of 60 Embraer E190 aircraft, with those jets retiring beginning in 2020.

That came shortly after Embraer and Boeing Co (BA.N) struck a deal creating a new $4.75 billion joint venture, effectively reshaping the global passenger jet industry.

(Reporting by Gram Slattery; Editing by Steve Orlofsky)

Did JetBlue Get 72% Off Airbus A220 Order?

July 17, 2018 /

JetBlue Airways Corp. got a great deal on its latest aircraft purchase from Airbus SE, according to Moody’s Investors Service. The carrier probably paid $1.4 billion to $1.7 billion for 60 Airbus A220-300 jets, or between $23 million and $28 million per plane, Moody’s analyst Jonathan Root said in a report Friday, citing estimates by appraisers and price breaks that are typical for large orders. “As with most campaigns, we believe the decision comes down to the lowest all-in cost, because the narrow-body aircraft manufactured by Airbus and Boeing have similar capabilities and operating costs for the majority of operators,” he said.

Click the link below for the full story!

Did JetBlue Get 72% Off Airbus A220 Order?

Vietnam’s Bamboo Airways Moves Closer To Startup

July 10, 2018 /

HANOI, July 10 (Reuters) – Fledgling Vietnamese carrier Bamboo Airways moved a step closer to starting operations on Tuesday as the government said it would authorise the transport ministry to issue it with an aviation licence.

Privately owned FLC Group last month agreed a $5.6 billion deal to buy 20 Boeing Co planes at current list prices and in March signed a memorandum of understanding with Airbus for up to 24 planes.

The government said on Tuesday that Bamboo Airways will invest 700 billion dong ($30 million) during 2019-2023 on 10 Airbus or Boeing planes, but it was unclear whether it would rent or buy planes initially.

It will become Vietnam’s fifth airline. It has yet to receive an aviation licence but the government said in a statement on Tuesday that it had authorised “The Ministry of Transportation to evaluate and issue an air transport business license in accordance with the law.”

FLC has said it expects the airline to begin operations in 2019 and launch direct flights to the United States and Europe and position itself as a hybrid airline, combining traditional and low–cost models, the company said in a statement on Tuesday.

Vietnam’s four airlines are flag carrier Vietnam Airlines ; budget operator Jetstar Pacific Airlines which is partly owned by Vietnam Airlines; budget carrier Vietjet Aviation and Vietnam Air Services Co.

The country’s airport capacity has been reaching its limits as fast economic growth means more people in the nation of 90 million are taking flights.

Hanoi-based FLC, whose main businesses are housing, resorts and golfing, had said it planned to operate international flights through Bamboo Airways to tourist spots in Vietnam including where FLC has properties and also plans domestic flights.

($1 = 23,039 dong) (Reporting by Mai Nguyen; Editing by Susan Fenton)

Stock Battle: American Airlines vs. JetBlue

July 3, 2018 /

Airline stocks have plunged this week for two major reasons. First, trade tensions with China caused investors to start worrying about demand. Second, oil prices have started moving higher again, following a brief respite prior to last week’s OPEC meeting.

Not surprisingly, the airlines with the lowest profit margins have been hit hardest. These carriers are the most vulnerable to fuel price increases and demand shocks, as small changes in their profit margins can severely impact their earnings. During the past year, American Airlines (NASDAQ: AAL) has fallen into the bottom echelon of U.S. airlines in terms of profitability, and so its share price tumbled 7.5% in the first three days of this week.

Click the link below for the full story!

American Airlines vs JetBlue

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