Airbus predicted that the airline industry will need to spend $4.6 trillion on some 31,000 new aircraft over the next 20 years in its latest market forecast, released Wednesday.
Association of Asia Pacific Airlines
The Australian-led Joint Agency Coordination Center at the heart of the search for Malaysia Airlines Flight MH370 said last week that 58 objects “inconsistent with the Indian Ocean seabed” had been located in an area not previously explored. The Malaysian government is bringing an underwater vehicle to the area at the end of September to aid in identifying the objects. MH370, a Boeing 777, disappeared March 8 with 239 people aboard.
Airbus is to open a new subsidiary in Thailand that will produce flight operations data for use by its airline customers worldwide. Airbus Flight Operations Services is set to begin operations early in 2015 and initially will employ 30 people, most of whom will be recruited locally.
The “persistent and recently escalating” Ukraine crisis continued to hamper business aviation flight activity in Europe last month, according to data released today by WingX Advance, a business aviation research and consulting firm based in Hamburg, Germany. There were 61,831 business aircraft departures in Europe last month, down 3 percent (1,974 flights) from a year ago–the largest drop so far in 2014, the company said. Year-to-date, the market is 1 percent below last year’s trend and is 21 percent off the pre-2009 peak in European flight activity.
Malaysian Airlines (MAS) is to lay off just over 30 percent of its workforce in a restructuring that will see it brought under the full ownership of state-backed sovereign wealth fund Kazanah Nasional Berhad.
In a move to ensure the viability of Malaysia Airlines, the country’s sovereign wealth fund, Khazanah Nasional Berhad, has stepped in with $430 million rescue plan to delist the national carrier and take it private.
The governments of Australia, Malaysia and China jointly announced that Australia has awarded a contract to a private company to continue the search of the southern Indian Ocean sea floor for missing Malaysia Airlines flight MH370. The company plans to use two ships towing deep-water vehicles to conduct the search, which is expected to take up to 12 months.
Boeing’s 2014 commercial pilot and mechanic demand forecast, released today, reflects a 7-percent increase in pilot demand over last year’s projections and a 5-percent increase in the outlook for mechanics. In all, the world’s aviation system will require 533,000 new commercial airlines pilots and 584,000 new commercial airline mechanics over the next 20 years, according to Boeing.
The apparent lack of a cohesive international system for assessing threats in airspace over conflict zones has revealed itself again in differing conclusions reached by major Persian Gulf airlines about the dangers of flying over Iraq.
The European Cockpit Association (ECA) has called for “intense scrutiny” of the air transport industry’s assessment of risks and the principles of flying over conflict zones in the wake of the July 17 loss of Malaysia Airlines Flight MH17.
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