Boeing to now deliver 40 737s instead of 57 to Ryanair this summer
Airline Economics
by Calum Wilson
6h ago
Boeing now expects to deliver 40 of the planned 57 737 aircraft before the end of June. Ryanair stated that its summer schedule had been based around receiving at least 50 737 aircraft. “We will now work with Boeing to take delayed aircraft deliveries during Aug and Sept 2024 to help Boeing reduce their delivery ..read more
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TRU Simulation awarded multi-engine training system contract
Airline Economics
by Calum Wilson
6h ago
TRU Simulation, a subsidiary of Textron Aviation, has been awarded a multi-engine training system ground based training system contract from Naval Air Warfare Centre – Training Systems Division (NAWCTSD). The contract is for three unit training device simulators in a King Air 260 standard configuration, one operational flight trainer simulator and one simulator support station ..read more
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Air Asia parent company reports fourth quarter loss
Airline Economics
by Calum Wilson
6h ago
Capital A, the parent company of Malaysian budget airline AirAsia, saw a net loss of 159.6 million ringgit ($33.6 million) for the fourth quarter of 2023, down from its fourth quarter net profit of 109.9 million ringgit ($23.2 million) in 2022. Revenue for the fourth quarter was at 818.2 million ringgit ($172.4 million). The company ..read more
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Global air cargo tonnages rebound after Lunar New Year dip as sea-air surge continues
Airline Economics
by Calum Wilson
6h ago
Global air cargo tonnages have rebounded strongly in the final full week of February after the typical Lunar New Year (LNY) dip, according to WorldACD Market Data. Concurrently, key Asia-Europe sea-air hubs, including Dubai, Colombo, and Bangkok, continue to experience significant surges in tonnages due to disruptions in Red Sea container shipping. In week eight ..read more
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Saudia expanding flight frequency for Umrah pilgrims
Airline Economics
by Calum Wilson
6h ago
Saudi Arabia’s national flag carrier, Saudia is expanding flight frequencies and seat capacity for the Muslim pilgrimage, Umrah – which will see pilgrims travel to Mecca, Saudi Arabia. The service expansion is being facilitated through the Saudia’s subsidiary Saudia Hajj and Umrah, which is dedicated to services and operations for pilgrims. Another subsidiary initiative is ..read more
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Ethiopian Airlines launches ecommerce logistics facility
Airline Economics
by Calum Wilson
6h ago
Ethiopian Airlines Group has launched its new ecommerce logistics facility at its Ethiopian Cargo & Logistics site at the Bole International Airport. The facility is dedicated to ecommerce, mail and courier logistics services. Ethiopian Airlines Group CEO Mesfin Tasew said: “We have implemented high-end technologies in the infrastructure that revolutionise the way goods are transported ..read more
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PHI MRO Services appointed as a Rolls-Royce authorised maintenance centre
Airline Economics
by Calum Wilson
6h ago
US-based PHI MRO Services has been appointed as an authorised maintenance centre by Rolls-Royce, the two companies announced at the HAI Heli-Expo 2024. The authorisation will allow the company to provide MRO services to Rolls-Royce engines at its 6,500 square feet engine facility, which includes 22 workstations and two engine test cells. “Rolls-Royce is proud ..read more
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Airbus Helicopters end Heli-Expo 2024 with 155 commitments
Airline Economics
by Calum Wilson
6h ago
Airbus Helicopters has wrapped up Heli-Expo 2024 with 155 commitments, including 40 firm orders. Highlights include a contract with The Helicopter Company (THC) for 120 helicopters. Niagara Helicopters had added six H130s and Bristow placed an order for up to 15 H135s. Other highlights include DRF Luftrettung ordering 10 H145s and HealthNet Aeromedical Services adding ..read more
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Volaris receives one A321neo from ACG
Airline Economics
by Calum Wilson
8h ago
Volaris has received the delivery of one new A321neo from Aviation Capital Group (ACG). The aircraft is on a long-term lease to the Mexican low-cost airline. It is the second of four aircraft deliveries scheduled as part of a multiple-aircraft sale-leaseback transaction between the two companies,   read more ..read more
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SAEL partners with Acumen for its asset management platform
Airline Economics
by Calum Wilson
8h ago
SMBC Aero Engine Lease (SAEL) has selected Acumen Aviation’s SPARTA Records Dataroom, an online records management system software, to support its engine portfolio through digitised aircraft records storage, records, and collaboration. Acumen will also launch its new continued airworthiness management module with this agreement. “SAEL is an established market player and their trust in the ..read more
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