Calculating the value of business announced during airshows is an inexact science, but as the 2011 Dubai Air Show came to an end last week the combined sales tally for airliners, engines and support contracts looked set to have topped $50 billion. Boeing grabbed the lion’s share of this through a $26 billion deal with Emirates Airline covering 50 of its 777-300ER long-range twinjets and options for 20 more.
AIN Air Transport Perspective » November 21, 2011
The Dubai Air Show last week brought a welcome breakthrough for Bombardier’s efforts to build a sound base of sales for its new C Series airliner. Turkey’s Atlasjet signed a letter of intent (LOI) for 15 of the CS300 version. According to Chet Fuller, Bombardier sales vice president, the agreement could be firmed up by year-end.
Boeing and Airbus are in broad agreement over the impressive growth rate expected in the Middle East airliner fleet between now and 2030, according to new market forecasts released during the Dubai Air Show last week.
Operators in the U.S. are required to equip their aircraft for automatic dependent surveillance-broadcast (ADS-B) “Out” capability by 2020.
Shares in cash-strapped Indian carrier Kingfisher Airline fell by almost 18 percent on November 18 as company chairman Vijay Mallya worked to secure new short- and long-term funding amid reports of further routes being cut and flights cancelled. On November 17, Mallya confirmed that he is negotiating with an undisclosed high-net-worth individual in India with a view to injecting approximately $250 million into Kingfisher.
AIN Air Transport Perspective is AIN’s e-newsletter focused on the air transport industry. It is distributed once a week and is FREE to all subscribers. Simply fill out the subscription form, which is accessed by clicking on the button below. You can also use this button to update your current account information.