Boeing rolled out the first 787 Dreamliner assembled at its new plant in North Charleston, S.C., on April 27. Addressing a crowd of some 7,000 employees and others gathered under the sun in front of the massive final assembly building, Boeing Commercial Airplanes CEO Jim Albaugh and Boeing South Carolina general manager Jack Jones framed the occasion in historic terms: It marked the first time Boeing built an airliner outside the Puget Sound region of Washington state.
AIN Air Transport Perspective » April 30, 2012
Notwithstanding US Airways estimates that a merger with bankrupt American Airlines would create at least $1.2 billion in new value for the combined companies, American continues to pursue its own path toward restructuring, arguing last week in bankruptcy court that it needs to void the contracts
As highly taxed fuel, mounting debt and aggressive ticket pricing stifle the fledgling airline industry in India, the government seems ready to renege on its promise to allow foreign direct investment (FDI) in the country’s carriers. Current rules do not permit foreign airlines to invest in domestic carriers, although non-aviation-related investors can hold up to a 49-percent stake.
The April 27 opening of GKN Aerospace’s new manufacturing and assembly facility for composite wing structures at Bristol in the UK represents a £170 million ($270 million) investment that the company believes will see it significantly boost its presence in the sector over the next 30 to 40 years.
Encouraged by last year’s successful effort to secure three European lessors for 10 Air Nostrum CRJ1000s, Bombardier expects the trend toward more lease acquisitions of regional airliners to continue. For the Canadian airframer, attracting lessors will prove vital to the success of the new C Series as well, and perhaps most notably in China, where aircraft leasing remains a relatively new option.