Uganda Airlines, the national carrier of Uganda,
has firmed up its order for two A330-800 airliners, the latest version
of the most popular A330 widebody airliner.
Fitted with the new Airspace by Airbus cabin, the
A330neo will bring a range of benefits to Uganda Airlines and its
customers, offering unrivalled efficiencies combined with the most
modern cabin.
Uganda Airlines plans to use the A330-800 to build its medium and
long-haul network with the aircraft offering cutting-edge technology
along with more efficient operations
Launched in July 2014, the A330neo Family is the new generation A330, comprising two versions: the A330-800 and A330-900 sharing 99 percent commonality. It builds on the proven economics, versatility and reliability of the A330 Family, while reducing fuel consumption by about 25 percent per seat versus previous generation competitors and increasing range by up to 1,500 nm compared to the majority of A330s in operation. The A330neo is powered by Rolls-Royce’s latest-generation Trent 7000 engines and features a new wing with increased span and new A350 XWB-inspired Sharklets. The cabin provides the comfort of the new Airspace amenities including state-of-the-art passenger inflight entertainment and Wifi connectivity systems, amongst others.
NEW DELHI/BENGALURU (Reuters) – India’s SpiceJet Ltd could benefit from cash-strapped Jet Airways being forced to ground planes, and the low-cost carrier is in talks with lessors to lease some of those aircraft, a person with direct knowledge of the matter told Reuters.
Shares of SpiceJet rose as much as 7.2 percent on Wednesday in their biggest percentage gain since Dec. 18 as investors bet the airline could take advantage of Jet Airways’ woes.
SpiceJet last week was forced to ground its 12 Boeing Co 737 MAX 8 planes by India’s aviation watchdog, following safety concerns after the Ethiopian Airlines plane crash that killed 157 people.
SpiceJet and Jet Airways are the only carriers in India that operate this type of aircraft and have a total of about 400 on order. The airlines also operate the previous model, the 737-800 among other Boeing planes.
The 737-800 makes up the majority of the Jet Airways fleet, and the airline is now operating only 41 aircraft, the Directorate General of Civil Aviation (DGCA) said on Tuesday.
That means around two-thirds of its fleet is grounded for non-payment to lessors, maintenance or other reasons.
“Lessors are panicking as they haven’t been paid and if Jet goes for insolvency, their planes will be stuck in India, so many of them are chasing SpiceJet,” said the person quoted earlier.
The person said SpiceJet needs at least twelve 737s to cover the grounded MAX planes and it is negotiating for more. Jet Airways pilots are also queuing up to join the budget airline.
Jet Airways’ lessors have offered 50 aircraft to SpiceJet, according to a report by news wire IANS.
SpiceJet and Jet Airways did not immediately respond to a request for comment.
Jet Airways shares dropped about 7 percent on Wednesday as its financial crisis deepened, with the Indian government calling for an emergency meeting and pilots threatening to go on strike over unpaid salaries.
The government has asked state-run banks to rescue Jet Airways without pushing it into bankruptcy, two people within the administration have told Reuters, as Prime Minister Narendra Modi seeks to avert thousands of job losses weeks before a general election.
The 25-year-old airline has defaulted on loans after racking up over $1 billion in debt, and owes money to banks, suppliers, pilots and lessors – some of whom have started terminating their lease deals with the carrier.
This has forced Jet Airways to cancel hundreds of flights, leaving passengers stranded and angry. The number of Jet Airways flights has fallen by 80 percent from a year ago, according to the DGCA.
(By Aditi Shah and Tanvi Mehta, Additional reporting by Arnab Paul in Bengaluru, Editing by Sherry Jacob-Phillips and Shreejay Sinha)
FILE PHOTO: A Jet Airways passenger aircraft takes off from the airport in Ahmedabad, August 12, 2013. REUTERS/Amit Dave/File Photo
* Jet Airways says 28 planes grounded for non-payment of dues
* Lenders, Etihad yet to approve restructure (Adds graphic)
SINGAPORE,
March 8 (Reuters) – FLY Leasing Ltd has grounded three planes on lease
to India’s Jet Airways Ltd and will take them back and redeploy them
elsewhere if the airline cannot gain approvals for a restructuring plan
this month, the lessor’s CEO said.
Jet
Airways on Thursday said another three aircraft had been grounded due
to its failure to make payments, taking the total number to 28, but it
has not specified the lessors involved.
The
grounding of nearly one-quarter of the airline’s fleet has led to the
cancellation of hundreds of flights and complaints from customers on
social media.
Several
major global aircraft leasing companies, including AerCap Holdings NV
and BOC Aviation have exposure to the financially troubled airline,
which has defaulted on loans and has not paid pilots, leasing firms and
suppliers for months.
“We
have grounded our aircraft, we have control over our aircraft, but we
have not terminated the leases and we are waiting for the airline to
approve all its restructuring with the State Bank of India,” FLY Leasing
CEO Colm Barrington told analysts on a results call on Thursday.
“If
that goes through at the end of the month, obviously, we will stay with
Jet. If they can’t get that done, then we’ll take our aircraft back and
redeploy.”
The
airline had three relatively young Boeing Co 737-800s on lease to Jet
Airways, which accounted for around 3 percent of FLY Leasing’s revenue,
he said.
Jet
Airways has outlined a draft to sell a majority stake to a consortium
led by the State Bank of India at 1 rupee, under regulations that permit
banks to convert debt to equity in a defaulting firm.
The
stake sale will be followed by an equity raising, debt restructuring
and the sale and leaseback of jets to help plug a $1.2 billion funding
gap, but the plan needs approvals from several stakeholders, including
major shareholder Etihad Airways.
(Reporting by Jamie Freed in Singapore; Additional reporting by Chandini Monnappa in Bengaluru; Editing by Stephen Coates)
SEOUL,South Korea, Nov. 19, 2018 /PRNewswire/ — Boeing [NYSE:BA] and Jeju Air announced the airline is ordering 40 737 MAX 8 airplanes with options for 10 additional jets. The deal, valued at up to $5.9 billion at list prices, is the largest order ever placed by a Korean low cost carrier and reflects rising demand for air travel in South Korea.
“With Korea’s growing commercial aviation market, we are excited to take the next step in expanding our business with the 737 MAX, a world-class airplane that will allow us to improve our operation and continue to provide a safe and enjoyable experience for our passengers,” said Seok-Joo Lee, President and CEO of Jeju Air. “The 737 MAX 8 and its superior performance and economics make it an ideal airplane to implement our growth strategy as we look to expand beyond Asia in the coming years.”
Jeju Air, based in South Korea’s Jeju Island, began operation in 2005 as the country’s first low-cost carrier. Since that time, the carrier has spearheaded the rapid development of Korea’s LCC market and contributed to the expansion of the broader Korean commercial aviation industry.
Flying a fleet of nearly 40 Next-Generation 737-800s, Jeju Air has steadily expanded its business and its profits. The airline has achieved 25 percent annual sales growth over the past five years and recorded 17 consecutive quarters of profitability.
Jeju Air is looking to build on its success with the enhanced version of the 737 jet. The 737 MAX 8 provides more range and offers 14 percent better fuel efficiency and environmental performance thanks to the latest CFM International LEAP-1B engines, Advanced Technology winglets, and other aerodynamic improvements.
“We are extremely proud that Jeju Air has become a leader in the vibrant LCC market by flying the Boeing 737. And we are delighted that the airline has chosen to build their future fleet with this major order for the 737 MAX,” said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company.
Along with the new airplanes, Boeing Global Services will provide Jeju Air with digital tools to reduce their operating costs. The solutions include the Fuel Dashboard Program, which allows operators to look across their fleet and identify areas where they can optimize their fuel spending.
Jeju Air serves 60 domestic and international routes with approximately 200 daily flights. The carrier is a founding member of the Value Alliance, the first pan-regional low-cost carrier alliance formed with eight airlines based in Asia.
The 737 MAX is the fastest-selling airplane in Boeing history, accumulating about 4,800 orders from more than 100 customers worldwide. This order will be reflected on Boeing’s Orders and Deliveries website per our standard process. For more information and feature content, visit www.boeing.com/commercial/737max.
Toulouse, 06 November 2018 – The first A330-800 took off this morning at Blagnac in Toulouse, France at 10:31am local time, for its maiden flight taking place over south-western France. The aircraft, MSN1888, will perform the dedicated flight-physics tests required for this variant.
The crew in the cockpit comprise: Experimental Test Pilots Malcolm RIDLEY and François BARRE and Test-Flight Engineer Ludovic GIRARD. Meanwhile, monitoring the aircraft systems and performance in real-time at the flight-test-engineer’s (FTE) station are Catherine SCHNEIDER and Jose CORUGEDO BERMEJO. The A330-800’s certification development programme itself will last around 300 flight-test hours, paving the way for certification in 2019. Its sibling, the larger A330-900 family member, recently completed its development testing and certification programme which validated the A330neo Family’s common engines, systems, cabin and flight & ground operations.
Launched in July 2014, the latest generation of Airbus’ widebody family, the A330neo builds on the A330ceo’s proven economics, versatility and reliability while reducing fuel consumption by a further 14 per cent per seat. The NEO’s two versions – the A330-800 and A330-900 – will accommodate 257 and 287 passengers respectively in a three-class seating layout, are powered by the latest-generation Rolls-Royce Trent 7000 engines, offer new “Airspace” cabin amenities and feature a new larger span wing with Sharklet wingtip devices.
The A330 is one of the most popular widebody families ever, having received over 1,700 orders from 120 customers. More than 1,400 A330s are flying with over 120 operators worldwide. The A330neo is the latest addition to the leading Airbus widebody family, which also includes the A350 XWB and the A380, all featuring unmatched space and comfort combined with unprecedented efficiency levels and unrivalled range capability.
OSLO (Reuters) – Norwegian Air (NWC.OL) has sold six Boeing 737-800 airliners as part of fleet renewal plans that could see it sell up to 140 planes.
“The prices are well above the debt on the aircraft,” Chief Financial Officer Geir Karlsen told Reuters on Thursday, without disclosing numbers.
The sales proceeds will be used to repay debt and increase liquidity.
Norwegian Air has a fleet of more than 150 aircraft and has commitments to acquire a further 210 by 2020 as it looks to rapidly expand in Europe and on transatlantic routes.
Its aircraft commitments are worth $12.36 billion (9.50 billion pounds), Norwegian Air said in a June rights issue prospectus.
With an equity ratio at the end of June of just 7 percent, the plan is to ease its commitments going forward.
“We have said we will renew our fleet and sell our oldest aircraft. We have 22 Boeing 737NG and they are a target to be changed with new Boeing 737 MAX aircraft.”
“In addition we have a big order at Airbus which can be used by us or they could be sold or taken out of our balance sheet and leased out.
“In theory we could sell as many as 140 aircraft,” Karlsen said.
Norwegian Air has made huge aircraft orders on favourable terms with Boeing and Airbus, according to Espen Andersen, associate professor at BI Norwegian Business School.
“These orders are taking up a lot of capacity at Boeing and Airbus. Other airlines could be at risk of not getting the aircraft they need.
“Airlines or leasing firms could buy aircraft from Norwegian Air. The leasing firms are very liquid,” Andersen said.
(Reporting by Ole Petter Skonnord; editing by Jason Neely)
Lion Airlines flight JT892 suffered a runway excursion after landing on runway 27 in rain at Gorontalo, Indonesia. The aircraft, a Boeing 737-800, became stuck in muddy ground. Passengers subsequently deplaned through the two forward emergency escape slides.
Click the link below for the details and pictures!
Boeing Co. has reportedly convinced Hawaiian Airlines to cancel an existing order with overseas rival Airbus in favor of an unspecified number of the Chicago-based aerospace giant’s 787-9 Dreamliners.
Scott Hamilton, editor of aerospace website Leeham News & Comment, was the first to report that the Honolulu-based carrier will cancel its order for six A330-800 wide-bodies built by Airbus and flip its order to Boeing. An official announcement could come by the end of this week.
