Two new studies underscore the value of business aviation–and the high cost of not using it. Nexa Advisors studied the value of business aviation to Standard & Poor’s Smallcap 600 companies from 2005 to 2010.
Association of Asia Pacific Airlines
An Airbus A380 test aircraft landed this week for the first time at Haneda International Airport in Tokyo, Japan, making it the 120th airport visited by the superjumbo airliner to date. During the visit, the aircraft confirmed Day One readiness of Haneda’s new international terminal by performing various airport compatibility checks.
One of the primary responsibilities of the European Regions Airline Association (ERA) is to do “everything possible to ensure that things do not get worse [for members] before they become better.” So said ERA policy and regulatory-affairs deputy director-general Simon McNamara at the group’s April 2010 conference in Edinburgh after two years of “most challenging trading conditions” had left European regionals flying through metaphorical clouds
Boeing has revised its 10-year forecast for the Asia-Pacific air transport market, and its new figure reflects a 37-percent increase over the previous total. Boeing’s original figure of 670 aircraft has been upped to 920, with a corresponding increase in value to $120 billion.
The Engine Alliance GP7200 engine is in the middle of a weight-reduction program that may further help sales as the General Electric-Pratt & Whitney joint venture is engaged in at least three campaigns: with Qatar Airways, Kingfisher Airlines and Vietnam Airlines. The engine maker (Hall 4 Stand A10) expects 19 Airbus A380s to be in service flying its turbofans by the end of the year.
In its latest current market outlook published last Thursday, Boeing projects a near-term increase in airline traffic growth, with global economies expected to regain lost ground in the next two or three years as they recover from the latest worldwide recession.
Malaysia Airlines will equip its incoming fleet of Boeing 737s with the Thales TopFlight satellite communication system. The airline placed a firm order in 2008 for 35 Boeing 737-800s, with an option for an additional 20 in a deal worth $4.2 billion at list prices. Boeing is due to deliver the first of those airplanes in October.
Emirates Airline could not wait until this week at Farnborough to order more Engine Alliance GP7200-powered Airbus A380 airliners. Instead it chose last month’s ILA airshow in Berlin as the stage on which to announce its plans to acquire a further 32 of the widebodies.
Airbus delivered Singapore Airlines’ 11th A380 and Lufthansa’s second A380 today, raising the number of airplanes in the in-service fleet to 33. The deliveries raise Airbus’s A380 deliveries this year to 10, placing it “well on track,” according to the company, to meet its full-year target of at least 20.