The prospect of involuntarily bankruptcy is all too real for many airlines around the world. But the government of Iraq is poised to voluntarily take Iraqi Airways out of business as a way to avoid a 20-year-old legal dispute with Kuwait Airways.
AIN Air Transport Perspective » May 28, 2010
Airbus did its best to show a brave face during the May 19 ceremony marking the delivery of the first Lufthansa Airlines A380. For despite the festive atmosphere and the fact that Lufthansa had become the fifth airline to accept delivery of the superjumbo, the struggles the program has experienced couldn’t go completely ignored.
The European Aviation Safety Agency (EASA) could, by year-end, publish proposals to clarify and simplify approval procedures covering design and production of some non-critical parts by companies other than original equipment manufacturers (OEMs). Such parts manufacture approval (PMA) processes could increase competition in a market that provides North American carriers access to thousands of less-expensive replacement parts.
The aerospace industry has been more resilient than expected to the impact of the financial crisis and, as a consequence, the long-anticipated steep downturn in airliner output has not materialized and probably will not materialize. This was the uncharacterically bullish perspective of GKN Aerospace CEO Marcus Bryson, who since 2008 has been warning of a decline in output and income and bracing the aerostructures maker for impact.
The single-aisle product strategy revealed this month by Airbus marks the first public move in what promises to be a fascinating duel with Boeing to provide new designs to replace many thousands of 150-seat, single-aisle airliners. But do not look for new production lines any time soon.
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