Today Air Lease Corporation (AL) announced a long-term lease agreement with MIAT Mongolian Airlines for one new Boeing 787-9 aircraft. This aircraft, scheduled to deliver to the airline in Spring 2021 from ALC’s order book with Boeing, will be the first 787-9 to operate in Mongolia as well as the first Dreamliner in MIAT Mongolian Airlines’ fleet.
“ALC is honored to announce this significant lease placement with MIAT Mongolian Airlines and be the first to introduce the airline to the Dreamliner,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation. “We are proud to support the national carrier as it expands its fleet with the most technologically advanced aircraft to connect Mongolia with the rest of the world.”
“Our vision is to become a globally recognized Mongolian national flag carrier, and we are making a significant step forward by adding the first 787-9 Dreamliner to our fleet,” said Battur Davaakhuu, President and CEO, MIAT Mongolian Airlines. “The Mongolian Dreamliner will fly our passengers direct and in unmatched comfort to their dream destinations. Today is a proud day for MIAT and for all Mongolians.”
“It will be wonderful to see the 787 Dreamliner in MIAT Mongolian Airlines’ livery flying in and out of Ulaanbaatar and connecting Mongolia with key destinations across Asia and Europe. The airline has continued to build on its proud aviation history by modernizing its fleet and operations. We are honored MIAT has selected the 787 and its superior fuel efficiency and range to profitably grow their international network,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for The Boeing Company. “We are delighted to partner with leading lessor ALC, which has a tremendous portfolio of 787 Dreamliners and other advanced jets, to open a new chapter in MIAT’s history.”
MIAT Mongolian Airlines currently operates two Boeing 737 MAX 8 aircraft and one 737-800 aircraft on lease from ALC.
NORTH CHARLESTON, SOUTH CAROLINA, Sept 30, 2019 – Boeing [NYSE:BA] delivered to Saudi Arabian Airlines (SAUDIA) its first 787-10 Dreamliner, which will play a key role in the airline’s fleet and network expansion. The largest member of the Dreamliner family sets the benchmark for fuel efficiency and operating economics and will complement SAUDIA’s fleet of 787-9.
“SAUDIA operates a state-of-the-art fleet equipped with the latest technology, and in addition to the airline’s existing Boeing 787-9 Dreamliners, is now adding the 787-10 variant which will further support future network growth plans,” said His Excellency Eng. Saleh bin Nasser Al-Jasser, Director General, SAUDIA. “The airplane’s onboard cabin features, long range capability and the latest in technological advancements are among the many aspects of what makes the Boeing 787 highly popular with our guests.”
In addition to the 787-10, SAUDIA operates 13 787-9 Dreamliner airplanes, and 33 777-300ER (Extended Range) jets.
“SAUDIA has been a valued partner with Boeing for nearly 75 years and this delivery marks another major milestone in our partnership. Our team takes great pride in building and delivering quality aircraft to SAUDIA and we are honored by the continuing confidence in the 787 Dreamliner and 777 families,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing, The Boeing Company. “The addition of the 787-10 to SAUDIA’s fleet will continue the superior inflight experience that passengers have come to expect of the Dreamliner. Moreover, the unmatched fuel efficiency of the 787 will help SAUDIA open new routes and achieve significant fuel savings and emission reduction.”
With the delivery to SAUDIA, the 787-10 continues to expand its global presence. More than 30 of this Dreamliner model have been delivered to seven operators since the airplane entered commercial service last year. As a stretch of the 787-9, the 787-10 adds about 40 more seats in a 2-class configuration and cargo capacity, offering 25 percent better fuel per seat and fewer emissions than the airplanes it replaces. With a range 6,345 nautical miles (11,750 kms), the 787-10 can fly more than 95 percent of the world’s twin-aisle routes.
Since entering service in 2011, the 787 family has enabled the opening of more than 235 new point-to-point routes and saved more than 40 billion pounds of fuel. Designed with the passenger in mind, the 787 family delivers an unparalleled experience with the largest windows of any commercial jet, large overhead bins with room for everyone’s bag, comfortable cabin air that is cleaner and more humid, and includes soothing LED lighting.
To optimize the performance of its 787 fleet, SAUDIA uses Boeing Global Services digital solutions powered by Boeing AnalytX such as Airplane Health Management (AHM), Maintenance Performance Toolbox and Crew Rostering and Pairing to optimize performance, manage global crew schedules and maintain their fleet. Boeing AnalytX is a suite of software and consulting services that transform raw data into efficiency, resource and cost savings in every phase of flight.
Boeing [NYSE:BA] delivered to Saudi Arabian Airlines (SAUDIA) its first 787-10 Dreamliner, which will play a key role in the airline’s fleet and network expansion.
Leading long-range carrier builds future fleet with eight super-efficient 787-10s and includes options to increase number of aircraft to up to 20 Dreamliners
Largest Dreamliner model offers more seats and unmatched fuel efficiency, and environmental performance
SEATTLE, Sept. 25, 2019 /PRNewswire/ — Boeing [NYSE:BA] and Air New Zealand [NYSE:ANZLY] today finalized an order for eight 787-10 Dreamliner airplanes valued at $2.7 billion at list prices. The carrier, recognized for its long-range flights and global network, will integrate the largest Dreamliner model into its world-class fleet of 787-9 and 777 airplanes from 2022 to strategically grow its business.
The airplane deal, announced in May as a commitment, includes options to increase the number of aircraft from eight up to 20, and substitution rights that allow a switch from the larger 787-10 to smaller 787-9s, or a combination of the two models for future fleet and network flexibility.
“This is an exciting decision for our business and our customers as we deliver on our commitment to grow our business sustainably. With the 787-10 offering around 15 percent more space for both customers and cargo than the 787-9, this investment creates the platform for our future strategic direction and opens up new opportunities to grow,” said Air New Zealand Chief Executive Officer Christopher Luxon.
As the largest member of the passenger-pleasing and super-efficient Dreamliner family, the 787-10 is 224 feet long (68 meters) and can seat up to 330 passengers in a standard two-class configuration, about 40 more than the 787-9. Powered by a suite of new technologies and a revolutionary design, the 787-10 set a new benchmark for fuel efficiency and operating economics when it entered commercial service last year. The airplane allows operators to achieve 25 percent better fuel efficiency per seat compared to the previous airplanes in its class.
“Air New Zealand has made very strategic investments in advanced widebody aircraft to build on its status as a leading global carrier connecting the South Pacific with Asia and the Americas. We are very honored that Air New Zealand has selected to add the 787-10 and its unique capabilities to complement its long-haul fleet of 777 and 787-9 airplanes,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing, The Boeing Company.
Air New Zealand was a global launch customer for the 787-9 and today operates 13 of the Dreamliner variant. With another 787-9 on the way and the 787-10 airplanes in the future, the airline’s Dreamliner fleet is on track to grow to 22. The new Dreamliner aircraft will replace Air New Zealand’s fleet of eight 777-200ERs. Air New Zealand’s widebody fleet also includes seven 777-300ERs.
As part of its efforts to maintain an efficient and reliable fleet, Air New Zealand utilizes a number of Boeing Global Services solutions, including Airplane Health Management and Maintenance Performance Toolbox. These digital solutions provide maintenance data and decision support tools that enable aircraft maintenance teams to increase operational efficiency.
Carrier to modernize its freighter fleet with six of the world’s largest, most capable twin-engine freighters
SEATTLE, Sept. 4, 2019 /PRNewswire/ — China Airlines finalized its agreement with Boeing [NYSE: BA] to order six 777 Freighters to modernize its cargo fleet. The carrier, which currently operates one of the world’s largest 747 Freighter fleets, plans to transition to the largest and longest range twin-engine freighters in the industry as it launches operations from Taipei to North America, a key market that provides higher yields for the carrier.
Valued at $2.1 billion according to list prices, China Airlines had previously announced its intent to order up to six 777 Freighters at the Paris Air Show in June. Three of the six 777 Freighter orders were confirmed in July and posted to Boeing’s Orders and Deliveries website as an unidentified customer. The remaining three will post during the next update.
The versatile 777 Freighter can fly long-range trans-Pacific missions in excess of 6,000 nautical miles with 20 percent more payload than other large freighters like the 747-400F. The airplane, which is capable of carrying a maximum payload of 102 tons, will allow China Airlines to make fewer stops and reduce associated landing fees on these long-haul routes. As a result, it will provide China Airlines and other operators with the lowest trip cost of any large freighter and deliver superior ton-per-mile economics. In addition, the 777 Freighter features market-leading capacity for a twin-engine freighter, accommodating 27 standard pallets, measuring 96 inches by 125 inches (2.5 m x 3 m) on the main deck. This allows for lower cargo handling costs and shorter cargo delivery times.
“Air cargo is an important part of our overall business and the introduction of these new 777 Freighters will play an integral role in our long-term growth strategy,” said China Airlines Chairman Hsieh Su-Chien. “As we transition our freighter fleet to the 777Fs, this will enable us to deliver world-class services to our customers more efficiently and reliably.”
China Airlines, which marks its 60th anniversary this year, currently operates 51 Boeing airplanes, including 10 777-300ERs (Extended Range), 19 Next-Generation 737s, four 747-400s and 18 747 Freighters.
“As China Airlines celebrates more than half a century of success, Boeing is honored to continue playing an integral role in its growth and expansion. With this order China Airlines will join an elite group of global air cargo operators operating new 777 Freighters,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for The Boeing Company. “With the global air freight market forecasted to double over the next 20 years, the 777 Freighter’s market-leading capabilities and economics will help China Airlines extend their network and grow their future cargo business.”
The addition of 777 Freighters will enable the carrier to streamline maintenance and parts for its 777 fleet. The carrier uses a number of Boeing Global Services solutions to support its Boeing fleet operations, including Airplane Health Maintenance and Maintenance Performance Toolbox. These data-driven platforms track real-time airplane information, providing maintenance data and decision support tools that allow technicians to quickly and correctly resolve issues. On the ground and in the air, China Airline’s entire fleet uses Jeppesen FliteDeck Pro and access to digital navigation charts to optimize performance and enhance situational awareness.
New purchase will grow KLM’s 777 fleet to over 30 airplanes, increasing network flexibilityAdditional 777 jets to complement carrier’s growing 787 Dreamliner fleet
AMSTERDAM, Sept. 2, 2019 /PRNewswire/ — Boeing [NYSE: BA] and KLM Royal Dutch Airlines (AFLYY) today announced that the carrier has ordered two more 777-300ER (Extended Range) airplanes as it continues to operate one of Europe’s most modern and efficient fleet.
The order, valued at $751 million at current list prices, was previously attributed to an unidentified customer on Boeing’s Orders & Deliveries website.
“KLM is one of the world’s leading network carriers and an aviation pioneer and we are delighted the airline has once again selected the Boeing 777-300ER to strengthen its long-haul fleet for the future,” said Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company. “KLM’s continuing interest in the 777-300ERs shows the enduring appeal and value of the 777, thanks to its outstanding operating economics, superior performance and popularity among passengers.”
The 777-300ER can seat up to 396 passengers in a two-class configuration and has a maximum range of 7,370 nautical miles (13,650 km). The airplane is the world’s most reliable twin aisle with a schedule reliability of 99.5 percent.
Operating out of its home base in Amsterdam, the KLM Group serves a global network of 92 European cities and 70 intercontinental destinations with a fleet of 209 aircraft. The carrier operates 29 777s, including 14 777-300ERs. It also flies 747s and the 787 Dreamliner family.
KLM, the world’s oldest airline still operating under its original name, is celebrating its centenary this year. In 2004 it merged with Air France to create Europe’s largest airline group. The Air France-KLM Group is also one of the largest operators of the 777 family with nearly 100 between the combined fleets.
MHI now positioned to transform and lead the underserved regional jet business, with bolstered customer support services
Key step in MHI’s strategy of expanding its aircraft business globally, with a mid-term focus on North America
Completes Bombardier’s aerospace transformation and refocus on business aviation
Mitsubishi Heavy Industries, Ltd (MHI) (TOKYO:7011) and Bombardier Inc (TSX: BBD.B) announced today they have entered into a definitive agreement, whereby MHI will acquire Bombardier’s regional jet program for a cash consideration of $550 million USD, payable to Bombardier upon closing, and the assumption by MHI of liabilities amounting to approximately $200 million USD. Under the agreement, Bombardier’s net beneficial interest in the Regional Aircraft Securitization Program (RASPRO), which is valued at approximately $180 million USD, will be transferred to MHI.
Pursuant to the agreement, MHI will acquire the maintenance, support, refurbishment, marketing, and sales activities for the CRJ Series aircraft, including the related services and support network located in Montréal, Québec, and Toronto, Ontario, and its service centres located in Bridgeport, West Virginia, and Tucson, Arizona, as well as the type certificates.
This acquisition is complementary to MHI’s existing commercial aircraft business, in particular the development, production, sales and support of the Mitsubishi SpaceJet commercial aircraft family. The maintenance and engineering capabilities of the CRJ program will further enhance critical customer support functions, a strategic business area for MHI in the pursuit of future growth.
Seiji Izumisawa, President & CEO of Mitsubishi Heavy Industries Ltd., commented: “As we outlined during the recent Paris Air Show, we are working hard to ensure that we provide new profit potential for airlines and set a new standard for passenger experience. This transaction represents one of the most important steps in our strategic journey to build a strong, global aviation capability. It augments these efforts by securing a world-class and complementary set of aviation-related functions including maintenance, repair and overhaul (MRO), engineering and customer support.”
Izumisawa concluded, “The CRJ program has been supported by tremendously talented individuals. In combination with our existing infrastructure and resources in Japan, Canada and elsewhere, we are confident that this represents one effective strategy that will contribute to the future success of the Mitsubishi SpaceJet family. MHI has a decades-long history in Canada, and I hope this transaction will result in the expansion of our presence in the country, and will represent a significant step in our growth strategy.”
“We are very pleased to announce this agreement, which represents the completion of Bombardier’s aerospace transformation,” said Alain Bellemare, President and Chief Executive Officer, Bombardier Inc. “We are confident that MHI’s acquisition of the program is the best solution for airline customers, employees and shareholders. We are committed to ensuring a smooth and orderly transition.”
Bellemare continued: “With our aerospace transformation now behind us, we have a clear path forward and a powerful vision for the future. Our focus is on two strong growth pillars: Bombardier Transportation, our global rail business, and Bombardier Aviation, a world-class business jet franchise with market-defining products and an unmatched customer experience.”
The CRJ production facility in Mirabel, Québec will remain with Bombardier. Bombardier will continue to supply components and spare parts and will assemble the current CRJ backlog on behalf of MHI. CRJ production is expected to conclude in the second half of 2020, following the delivery of the current backlog of aircraft.
Bombardier will also retain certain liabilities representing a
portion of the credit and residual value guarantees totaling
approximately $400 million USD. This amount is fixed and not subject to
future changes in aircraft value, and payable by Bombardier over the
next four years.
The transaction is currently expected to close during the first half of 2020 and remains subject to regulatory approvals and customary closing conditions.
The agreement contemplates a reverse break fee payable by MHI under certain circumstances.
About MHI
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, is one of the world’s leading industrial firms with 80,000 group employees and annual consolidated revenues of around US$38 billion. For more than 130 years, the company has channeled big thinking into innovative and integrated solutions that move the world forward. MHI owns a unique business portfolio covering land, sea, sky and even space. MHI delivers innovative and integrated solutions across a wide range of industries from commercial aviation and transportation to power plants and gas turbines, and from machinery and infrastructure to integrated defense and space systems.
With over 68,000 employees, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.
Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries as well as a broad portfolio of products and services for the business aviation, commercial aviation and rail transportation markets. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2018, Bombardier posted revenues of $16.2 billion US. The company is recognized on the 2019 Global 100 Most Sustainable Corporations in the World Index. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
Bombardier and CRJ are trademarks of Bombardier Inc. or its subsidiaries
PARIS, June 17 (Reuters) – Boeing Co said on Monday it had no plans to change the name of the 737 MAX after news reports that it would be prepared to do so to improve its future marketing.
“Our immediate focus is the safe return of the MAX to service and re-earning the trust of airlines and the traveling public,” a spokesman said in an emailed statement.
“We remain open-minded to all input from customers and other stakeholders, but have no plans at this time to change the name of the 737 MAX.”
Bloomberg News earlier quoted Chief Financial Officer Greg Smith as saying that if Boeing needed to change the brand it would “address” that. The report also said Boeing executives insisted they had no immediate plans to drop the MAX name.
CNBC also reported the comments.
U.S. President Donald Trump urged Boeing on April 15 to “Rebrand” its 737 MAX jetliner following two fatal crashes.
(Reporting by Eric M. Johnson, Tracy Rucinski, Edited by Tim Hepher)
