Fuel efficiency and its effect on the useful life of aging aircraft is a dominant factor in the thinking of aircraft leasing companies, which are increasingly helping credit-squeezed carriers to refresh their fleets. Their presence in the market for airliner acquisition has continued to grow in the last two decades, with operating leases now thought to account for almost 40 percent of total deals today.
Association of Asia Pacific Airlines
American Airlines said October 12 it will add the same safety locking mechanism to the seats on 49 of the company’s Boeing 767s that were used to secure seats aboard the 48 Boeing 757s the airline grounded last week. The airline plans to continue flying the 767s each day and repairing them at night when they undergo regular maintenance. The work is expected to take another 10 days to complete.
Alaska Airlines has placed a firm order for 20 Boeing 737 MAX 8s, 17 MAX 9s and thirteen 737-900ERs, the Seattle-based airline and Boeing announced today. Worth $5 billion at list prices, the contract covers the largest order in Alaska Airlines’ history and raises the carrier’s firm order count for 737s to 75.
The pilots of American Eagle voted on Monday to ratify a tentative agreement reached last month between their Air Line Pilots Association bargaining committee and airline management. Seventy percent of participating pilots voted in favor of the agreement. Of the airline’s some 3,000 pilots, 85 percent cast ballots.
American Airlines officially grounded 47 of its fleet of 102 Boeing 757s last Thursday for faulty cabin seats. Earlier in the week, American said the carrier believed it had identified faulty clamps as the cause of seats breaking loose on as many as six of its 757s, some in flight.
Air cargo will grow by an average of 5.2 percent annually over the next 20 years, according to Boeing. The U.S. airframer’s World Cargo Forecast 2012/13, published on October 3, predicts that the global freighter fleet will expand to nearly 3,200 aircraft by 2031. Boeing’s forecast is based on the assumption that worldwide gross domestic product will nearly double over the 20-year forecast period.
The International Air Transport Association (IATA) has issued an improved forecast for global airline profits this year, but the latest projections point to more pain for Europe’s carriers. IATA now predicts the world’s airlines will achieve a combined profit of $4.1 billion this year ($1.1 billion higher than its last projection of $3 billion made in June 2012).
Boeing and United Airlines on Monday celebrated the delivery of the airline’s first 787 Dreamliner and acceptance of the first of the composite-bodied airliners by a North American customer.
Japan’s All Nippon Airways has decided to place a firm order for another 11 Boeing 787-9s, scheduled for delivery from Japanese Fiscal Year 2018 to FY2021. The order, worth $3.25 billion at list prices, raises ANA’s firm order count to the larger of the two Dreamliner types on offer to 30. The 787 launch customer has so far taken delivery of thirteen 787-8s and awaits delivery of 23 more.
Dynamic growth in emerging economies will be the principal factor driving commercial aircraft requirements in the coming 20 years, according to Airbus. Other major contributions will come from increased global urbanization and a doubling of middle-class populations. “By 2031 the number of ‘mega-cities’ will more than double to 92, and 90 percent of the world’s traffic will be between (or through) these points,” concluded the European airframer in its new 2012-31 market forecast, released in London on September 4.