| Air Transport and Cargo |
Recent demand for younger airliners has ensured lease market buoyancy, but rental rates could fall if more operators release capacity or collapse under the pressure of fuel prices and scarce credit. Major lessor International Lease Finance Corp. (ILFC) has warned that air traffic growth might slow down, potentially causing “a negative impact on future lease...
moreBombardier Aerospace yesterday signed a contract with China’s Shenyang Aircraft Corp. (SAC) to supply the center fuselages for the newly launched C-Series family of single-aisle airliners. The contract between Bombardier and SAC is an integral part of the relationship with the state-owned aviation-industrial entity China Aviation Industry Corp. (AVIC I), of...
moreThe backlog of orders for Sukhoi’s Superjet 100 regional airliner passed into three figures yesterday when Russia’s AviaLeasing signed a heads of agreement for 24 of the 95-seat model and options for 16 more. Here at Farnborough today, Sukhoi is expected to announce a breakthrough order from a Western operator.The $630 million deal with AviaLeasing was...
moreAntonov, responding to “strong market demand,” has launched a stretched version of its much-delayed 86-passenger An-148 regional passenger aircraft. The An-148-200 would seat 99 passengers in single-class and be ready for service entry in 2010, said Antonov general designed Dmytro Kiva. “We have identified a market for more than 200 aircraft out to 2015,”...
moreGermany’s MTU Aero Engines has taken an 18 percent stake in the GE38 turboshaft engine powering the Sikorsky CH-53 Super Stallion heavylift helicopter, marking its first entry into a U.S. military engine program. Under the agreement, MTU, which has previously manufactured components only for U.S. military engines, will have responsibility for the power...
moreSnecma Services has signed an engineering support contract with Morocco’s flag carrier Royal Air Maroc. The two companies already participate in a partnership under their Snecma Morocco Engine Services joint venture–a maintenance, repair and overhaul shop for the Boeing 737s’ CFM56-3 and -B engines.
moreIAE has logged its largest-ever aftermarket deal to provide support for engines powering U.S. Airways’ fleet of Airbus A320 family aircraft. The contract runs to 2032 and initially covers 74 aircraft currently in service, along with engines for a further 78 ordered by U.S. Airways last year. According to IAE, aftermarket agreements cover more than half of...
moreRussian titanium manufacturer VSMPO-AVISMA (Hall 3 Stand B30) has signed a framework agreement covering the supply of titanium products to Airbus and other EADS divisions that could be worth as much as $4 billion through 2020. Airbus has been buying titanium from VSMPO-AVISMA since the early 1990s and the new agreement extends the number of value-added...
moreMessier-Bugatti (Hall 4 Stand B12) is looking forward to seeing its all-electric braking system on the Boeing 787 when it makes its first flight in the fourth quarter of this year. According to François Tarel, the Safran group subsidiary’s vice president for wheels and brakes, the system received its “safety of flight” approval from Boeing last November,...
moreClouds of dry ice swirled around onlookers as Pratt & Whitney revealed a full-scale model of its new “PurePower” PW1000G geared turbofan (GTF) on its stand yesterday. The engine is performing “outstandingly well” in flight tests now under way, said Pratt & Whitney president Steve Finger, who added, “This is the first of a new generation of ultra high bypass...
moreAbu Dhabi’s Etihad Airways announced here yesterday orders for 100 Airbus and Boeing aircraft nominally worth $20 billion. The contracts include options on another 55 jetliners and purchase rights covering an additional 50 machines (see table). If the airline converts all options and purchase rights to firm orders, the value of the overall package would...
moreNew United Arab Emirates low-cost carrier FlyDubai kicked off firm order announcements at this year’s Farnborough International yesterday morning with a $4 billion purchase of 50 CFM56-7B-powered Boeing 737-800s. It also plans to lease an additional four machines from Babcock & Brown Aircraft Management. Under the terms of the contract, FlyDubai may convert...
moreAustrian all-cargo carrier Amerer Air plans to become the first customer for the re-launched British Aerospace Regional Aircraft BAe 146QT (Quiet Trader) freighter program. Its aircraft, a Series 200 recently converted by Aerostar in Bacau, Romania, is undergoing painting and final maintenance checks in the UK before delivery. The 146QT will be ferried to...
moreThe Swedish Security Services have detained a man for reportedly trying to blackmail Saab. The 48-year-old engineer was arrested in Gothenburg last Thursday, but AIN understands that he does not work for the company. However, he has “illegally gained access to documents regarding the operations of Saab Microwave Systems,” the company said. The man, who has...
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