Fleets – Page 56
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Airline BusinessAirline Business Covid-19 recovery tracker: August 2022 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsAir Lease encouraged by pace of long-haul aircraft placements
US lessor Air Lease is optimistic that the long-haul sector is showing signs of following the short-haul market into recovery, claiming that 80% of aircraft on its widebody order book have been placed. Speaking during a second-quarter briefing, chief executive John Plueger said commercial aircraft demand was continuing to strengthen, ...
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NewsSwiss to wet-lease up to six Airbus A220s from Air Baltic
Swiss will lease as many as six Airbus A220-300 aircraft from Air Baltic in order to “stabilise its schedules” in the coming months.
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NewsNew Ethiopian Airlines chief aims for near-doubling of fleet under 2035 roadmap
Recently appointed Ethiopian Airlines chief executive Mesfin Tasew has embraced the ‘Vision 2035’ roadmap introduced by his predecessor Tewolde GebreMariam in 2019, as he aims to keep the carrier on an aggressive growth path.
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NewsRolls-Royce chief sees ‘breathing space’ in widebody delivery ramp-up
The market for new widebody powerplants served by Rolls-Royce is not experiencing the “very intense” pressures on supply chains seen in the narrowbody sector, according to the engine-maker’s outgoing chief executive Warren East. Speaking during a first-half earnings call on 4 August, East explained that while the single-aisle market is ...
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NewsUK start-up Hans Airways introducing ex-Air Europa A330
UK start-up long-haul carrier Hans Airways has received its first Airbus A330-200, which arrived at Birmingham from Palma de Mallorca on 2 August. The twinjet is a General Electric CF6-powered aircraft, most recently operated by Spanish carrier Air Europa. Air Europa originally took delivery of the A330 in 2008. Hans ...
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NewsFalling revenue, more deliveries and a growing backlog for Embraer in second quarter
The Brazilian jet manufacturer turned a $74 million profit during the second three months of the year, with its commercial backlog reaching new heights for the pandemic era.
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NewsAir Greenland A330-800 emerges from paintshop
The first pictures have been released of Air Greenland’s Airbus A330-800 in the carrier’s distinctive red livery, after it emerged from the paintshop. The Kangerlussuaq-based operator is set to take delivery of the Rolls-Royce Trent 7000-powered twinjet later this year as it replaces its ageing A330-200. Air Greenland A330-800 ...
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NewsAirbus and Boeing delays add to ‘global supply bottleneck’: Lufthansa chief
Aviation is facing a “global supply bottleneck”, in the view of Lufthansa Group chief executive Carsten Spohr, which will constrain capacity going into 2023 and support “sustainable” yields at the European airline group. “The times of overcapacity as we have seen, for example, right before the pandemic, we believe are ...
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NewsUzbekistan’s Qanot Sharq stepping up to A321neos
Uzbek carrier Qanot Sharq is to introduce a pair of Airbus A321neo jets through US lessor Air Lease. The twinjets are set to be delivered to the carrier in autumn this year, and will be drawn from Air Lease’s order backlog with Airbus. Qanot Sharq, whose name means ‘eastern wings’, ...
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NewsAir China to raise CNY15 billion for 22 new aircraft
Air China will raise up to CNY15 billion ($2.2 billion) through a non-public share issuance, with the bulk of funds intended to fund the purchase of 22 new aircraft.
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NewsRex expands jet fleet, eyes profitability following ‘sterling’ July performance
Australia’s Regional Express is to acquire at least three more jet aircraft by year-end, as the airline discloses “sterling” operational performance in July, the start of the new financial year.
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NewsEthiopian Airlines converts four A350 orders to -1000 variant
Ethiopian Airlines will take four A350-1000 twinjets, having confirmed the conversion of outstanding orders for the -900 variant. The carrier’s chief executive Mesfin Tasew had said during the Farnborough air show on 20 July that Ethiopian was in the “final stage” of negotiations to take the larger version of the ...
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NewsIAG orders 37 more Airbus A320neo-family jets
British Airways and Iberia owner IAG has ordered a further 37 Airbus A320neo-family twinjets, as its single-aisle modernisation effort continues. Announcing the deal on 28 July, IAG says 12 of the A320neo options it took in August 2013 – which covered up to 220 single-aisle jets – have been converted ...
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NewsSAS seeks court authorisation to proceed with new Airbus delivery
SAS is seeking authorisation to continue with aircraft deliveries with a filing to a US bankruptcy court setting out justification for the acquisition. The Scandinavian operator has been under US Chapter 11 bankruptcy protection since 5 July. Airbus is due to deliver an A320neo – MSN10937 – to the carrier ...
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NewsLessor LCI signs for up to six more H175 helicopters
Leasing firm LCI has agreed to acquire up to six Airbus Helicopters H175s, with the first to be delivered towards the end of next year. The agreement covers two firm helicopters plus four options, and increases the lessor’s commitment to the type. LCI values the deal at over $125 million. ...
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NewsWizz Air maintains pace of fleet-expansion programme
Budget carrier Wizz Air is maintaining its fleet-expansion programme, although it is prepared for potential disruption from supply-chain issues. It added eight new Airbus A321neos during the quarter while returning four A320s at the end of their leases. The changes take Wizz’s fleet to 157 aircraft. “Our fleet programme remains ...
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NewsLessor Avolon's chief Slattery to step down from top post
Irish-based lessor Avolon has nominated Andy Cronin as chief executive, succeeding Domhnal Slattery who is stepping down from his position. Cronin is the chief financial officer of Dublin-based Avolon, and has been unanimously appointed as chief executive designate by the board. Slattery was the founding chief of the leasing firm, ...
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NewsCondor orders 41 Airbus A320neo-family jets
German leisure carrier Condor has ordered 41 Airbus A320neo-family aircraft as its fleet renewal focus shifts to short- and medium-haul jets. The announcement marks another Airbus order win from the carrier, which is already set to receive its first A330neos from late 2022 as it replaces its previous-generation A330s and ...
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NewsRyanair retains Lauda A320 leases as renewal options dry up
Ryanair has opted to retain Airbus A320s operated by its Austrian division Lauda Europe, having been unable to reach agreement on a new Boeing 737 deal. It will extend leases on “most” of the leases on Lauda A320s by up to four years – taking them to 2028. Ryanair says ...