Hong Kong-based aircraft management company Metrojet (Booth H418) provided an update here at ABACE 2014 on three joint ventures it announced at last year’s expo that launched its current growth initiatives. “We built a very strong presence in Hong Kong, and now we’re ready to go from local to regional,” said Metrojet CEO Björn Näf.
An extension of the contract to maintain the A320 final assembly line in Tianjin, China, by another 10 years led a series of agreements Airbus entered with Chinese partners on Wednesday that also marked the end of a bitter trade dispute over Europe’s Emissions Trading Scheme (ETS).
Year-end 2013 financial results from the newly reconstituted American Airlines Group have quickly established that the long-awaited merger of AMR Corporation with US Airways has resulted in a carrier more viable than the sum of its previously separate parts.
Airbus Defence and Space may be a new brand, but the former defense and space businesses of EADS face a familiar problem: how to remain profitable when European defense budgets are in decline and export competition is intensifying. The combining of Airbus Military, Astrium and Cassidian took effect at the executive level on January 1. Three weeks earlier, a reduction of 5,800 jobs at the new combined division over the next three years was announced.
Iraqi national carrier Iraqi Airways has signed a firm order for five Bombardier CSeries CS300s and reserved options on another 11, Bombardier announced last month. The firm order came only two weeks after the parties announced a letter of intent at the Dubai Airshow. Bombardier places the value of the order at some $387 million based on list prices. If Iraqi Airways exercises all its options, the value would rise to $1.26 billion.
American Airlines has signed a pair of firm orders covering a total of 90 new Embraer and Bombardier regional jets for placement with its American Eagle regional affiliates, the airline announced Thursday. The deals involve 30 seventy-six-seat Bombardier CRJ900s and 60 Embraer E175s.
Last week’s decision by the U.S. Justice Department to drop its lawsuit to block the merger of AMR and US Airways Group didn’t come without conditions, but antitrust experts and analysts for the most part agree that it came as a resounding victory for the airlines. Largely left intact by the deal reached between Justice and the airlines, the merger would close in December, creating the largest carrier in the world.
The pilots of US Airways regional subsidiary PSA Airlines ratified a letter of agreement in late September that grants them the right to fly thirty 76-seat Bombardier CRJ900s in return for several concessions in their Air Line Pilots Association collective bargaining agreement.
After years of trying, Airbus (Booth No. C11606) has cracked the U.S. VVIP charter market with the first sale of an ACJ318 here, which Airbus believes will significantly increase the visibility of Airbus Corporate Jets (ACJ) in the U.S. The aircraft will be based at Jet Aviation Flight Services in Van Nuys, Calif., one of the busiest general aviation airports in the world, where it will be operated for an undisclosed owner and for Part 135 charter.
The VivaAerobus Group has signed a purchase agreement for 52 Airbus A320 family jets, marking the biggest Airbus aircraft order by a single airline in Latin American history. The deal covers 40 A320neo and 12 current-generation A320, the first of which the airline plans to take next April. VivaAerobus, a Mexican low-cost carrier, has opted to announce the engine selection later.