Sberbank, Russia’s largest bank, took what executives describe as an historic first step into aircraft leasing last week as it ordered 12 Boeing 737-800s. Expected to spur further financing and leasing of imported aircraft in Russia, the transaction calls for the bank’s Sberbank Leasing subsidiary to place the airplanes with Moscow-based Transaero Airlines.
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News and issues relating to air transport and cargo aircraft.
Bombardier relies heavily on a new factory in Belfast, Northern Ireland, run by its Short Brothers subsidiary for CSeries wing production. Built with the help of £60 million ($90 million) from the UK government, the 600,000-sq-ft plant on the northwest side of Belfast City Airport’s runway specializes in new resin transfer infusion (RTI) fabrication techniques refined at other Bombardier plants in the region, in Dunmurry and Newtownabbey.
Small airlines face the prospect of fines for failing to meet the European Union’s April 30 deadline for submitting carbon credits under the emissions trading scheme (ETS), according to carbon trading specialist CF Partners. Although the European Commission agreed last November to suspend the application of ETS for flights to and from points outside the EU, the cap-and-trade scheme still applies to flights between EU airports.
KLM Royal Dutch Airlines, in partnership with the Schiphol Group, Delta Air Lines and the Port Authority of New York and New Jersey christened the first in a series of biofuel-powered flights between Amsterdam Airport Schiphol and New York’s John F. Kennedy International Airport on March 8.
Latvia’s Air Baltic has agreed to become the launch customer for a high-density version of the Bombardier CSeries CS300 capable of carrying 160 seats, Bombardier announced Thursday during an official unveiling of the airplane’s first flight test vehicle (FTV1) at its factory in Mirabel, Quebec.
Lease Corporation International (LCI), which signed a large helicopter order with AgustaWestland at last year’s Heli-Expo show, has announced an agreement with aerial services group Avincis (Booth No. C7211), which is leasing a new AW139. This will be operated for offshore crew changes in North Sea oil and gas fields by Avincis’s Aberdeen-based subsidiary Bond Offshore Helicopters.
Record Airbus deliveries in 2012 proved a big factor in boosting the group revenues of parent EADS by 15 percent last year, and a strengthened U.S. dollar improved the return on sales. But at last week’s EADS annual results press conference, the group characterized 2013 as a critical year in terms of ensuring that the costs associated with both the A380 and A350XWB programs do not drag down profitability any more than they already have done.
Miami, Florida-based Aeronautical Engineers, Inc. (AEI) has launched a passenger-to-freighter conversion program for the Bombardier CRJ100 and CRJ200 regional jets, the company announced Thursday.
Malaysia’s AirAsia has unveiled plans to launch a new domestic airline in India by the fourth quarter of 2013. Under the terms of a deal announced on February 21, the largest low-fare carrier in Asia will hold a 49-percent stake–the maximum holding permitted by the Indian government for a foreign investor–in the new airline. AirAsia is partnering with major Indian industrial groups Tata (to carry a 30-percent stake) and Telestra Tradeplace (21 percent).
For reasons ranging from high fuel costs to regulatory complexity, European regional airlines still face “a very difficult time,” according to European Regions Airline Association (ERA) director general Simon McNamara. Meanwhile, persistently weak economic data continued to “depress people’s willingness to travel,” he said, leading to contraction of the European airline industry as a whole.