All news – Page 739
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News
AerCap agrees acquisition of US lessor GECAS
Leasing giant AerCap has agreed to acquire US lessor GECAS, creating a leviathan with over 2,000 aircraft and more than 900 engines as well as 300 helicopters. AerCap says it has entered into a “definitive agreement” – unanimously approved by the companies’ boards – under which General Electric will receive ...
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Firmer crude oil bolsters jet fuel prices
The price of jet kerosene is continuing to strengthen despite weak demand from airlines, as firmer crude oil values filter through to the market.
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Leonardo anticipates slight recovery from ATR in 2021
Turboprop joint venture ATR should hand over at least 20 aircraft this year as regional carriers begin a slow recovery from the Covid-19 crisis.
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Cathay sees no further fleet cuts following record loss
Cathay Pacific Group does not expect to park more aircraft in long-term storage overseas beyond those already in Australia and Spain, as it looks at cargo opportunities for more aircraft types to bolster revenue.
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Cut in UK domestic air passenger duty floated for transport consultation
Consultation is set to take place on cutting the UK’s air passenger duty scheme as part of a broad government rethink on the country’s transport network. Air passenger duty is a distance-based scheme which is pitched as a mechanism for addressing environmental concerns, but has long been controversial with airlines. ...
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In depth
A timeline of how Boeing 737 Max went from grounding to service return
A timeline of the twists and turns since the type’s grounding two year ago as Boeing, regulators and operators worked to return the Max to service
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In depth
Why Boeing’s future still rests on the 737 Max’s recovery
The Max holds outsize importance for Boeing, both financially and competitively. Which is precisely why the grounding left the US aerospace behemoth in such a competitive pickle, and why the type’s rebound is key to Boeing’s recovery, aerospace analysts say.
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In depth
The Max crisis has already shifted how regulators certificate jets
The Boeing 737 Max crisis has already upended some aspects of aircraft certification, with regulators more closely reviewing certification projects and shying away from rubber stamping decisions made by foreign counterparts.
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In depth
How and why Boeing re-engined the 737 to create the Max
Circumstances preceding Boeing’s 2011 launch of the 737 Max programme share similarities with the situation the company now finds itself in.
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In depth
Max crisis and pandemic wipe nearly 1,250 737s from Boeing’s backlog since January 2020
Since the start of 2020, cancellations and accounting adjustments pushed Boeing’s 737 Max backlog down by some 1,250 aircraft, erasing 28% of the 737 orders Boeing held in January 2020.
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In depth
Why the Max grounding challenged principle of mutual recognition
When the Boeing 737 Max was barred from the airspace of several countries by national authorities, a question arose as to whether this amounted to breaching a fundamental principle of ICAO – that of mutual recognition of airworthiness certification. National authorities have the right to act against aircraft on their ...
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In depth
Two years on: How the 737 Max grounding changed Boeing and the industry
Two years since its global grounding, airlines are now steadily returning their Boeing 737 Max aircraft to commercial operations following the FAA’s regulatory green light late last year. But during a tumultuous period for the industry as a whole, the impact for the manufacturer, its customers and regulators has stretched far beyond simply returning the type to service.
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Cathay retires 34 aircraft early, parks nearly half its fleet overseas
Troubled Cathay Pacific Group took a one-time HK$2.8 billion ($361 million) impairment charge relating to the early retirement of 34 aircraft, as it discloses that nearly half of its fleet are in long-term storage overseas.
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Covid-19 pushes Cathay to record operating loss
Cathay Pacific Group saw its full-year passenger revenue collapse to just 2-3% of pre-pandemic levels, as it warned that its immediate outlook continues to be challenging.
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PW100 failure highlights danger of maritime corrosion: ATSB
Corrosion related to extensive low-level flying over the ocean led to the failure of a Pratt & Whitney Canada (P&WC) PW100 engine aboard a De Havilland Canada DHC-8-315 operated by Surveillance Australia.
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US Navy plans to buy 120 submarine-launched Blackwing UAVs
The US Navy plans to acquire up to 120 AeroVironment Blackwing unmanned air vehicles (UAV) for its submarines.
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ATR shipments plunged to just 10 aircraft in 2020
Deliveries of ATR turboprops barely reached double-figures last year as the joint-venture manufacturer saw demand slump due to the pandemic.
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Recaro pitches for regional share
German seating manufacturer believes it can sell more into segment, as industry resizes after pandemic.
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Boeing logs positive order tally for February despite 737 Max and 787 cancellations
Boeing landed orders for 82 new commercial aircraft and was hit by only 51 cancellations in February, marking the first month since November 2019 that the airframer’s net order total has been in positive territory.
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News
NASA seeks to shrink turbofan cores for efficiency as it targets next narrowbody jets
NASA has launched a research effort aimed at squeezing 5-10% more fuel efficiency out of turbofan cores, with the goal of developing engine technology for future commercial aircraft, possibly including an eventual Boeing 737 replacement.