Boeing’s recent assertion that the appetite of capital markets to fund airliner orders has increased comes as especially welcome news to manufacturers and their customers at a time when other sources of funding seem under pressure. Export credit, in particular, now comes generally at higher interest rates and with tougher equity requirements. At the same time, such government-backed capital has become a hostage to global politics, according to Kostya Zolotusky, managing director for capital markets development and leasing at Boeing Capital.
Last month US Airways became the first airline to receive FAA certification approval of the SafeRoute suite of NextGen avionics applications in the Airbus A330. The airline claims SafeRoute will “enhance operational safety and efficiency during various phases of flight.”
Mesa Air Group inked an eight-year deal with US Airways to add another nine aircraft to its fleet of 38 Bombardier CRJ900s, the airline announced in late February.
US Airways CEO Doug Parker said he sees smooth skies for the proposed merger of his company with American Airlines following Wednesday’s clearance of the combination by a bankruptcy court judge overseeing American’s restructuring.
The boards of AMR Corporation and US Airways Group have unanimously agreed to move forward with the long-anticipated merger of their American Airlines and US Airways subsidiaries, the companies announced Thursday morning.
Although damage to a pair of Airbus aircraft on the ground at Hollywood/Fort Lauderdale Airport on December 31 was minimal, Spirit’s initial review of the incident did point out some ground-control problems. Spirit’s A320, taxiing to the gate after arrival, struck a parked US Airways A320. ATC never informed the Spirit crew about the obstacle, most likely because not even the controllers were aware of just how close the parked aircraft was to the active taxiway.
An order from Aviation Capital Group for fifty 737 Max 8s and ten 737 Max 9s last week lifted Boeing’s firm order total for the prospective re-engined narrowbodies to more than 1,000 and capped a solid year in which for the first time since 2002 the U.S. company outperformed Airbus in both deliveries and sales. Closed in December, the ACG contract increased the number of 737 Maxs on firm order to 1,029 and Boeing’s total firm order count for last year to 1,203.
A flurry of commercial announcements in the regional- and small-narrowbody aircraft sectors came across the wires last week, led by a firm order on Thursday for 10 Bombardier CSeries CS300s from Latvian carrier airBaltic. The deal, potentially worth $1.57 billion at list prices, included so-called purchase rights on 10 more of the airplanes and represented a conversion of a letter of intent signed at this year’s Farnborough International airshow.
Airbus has landed a firm order for 58 A320neos and 17 A321neos from Turkey’s Pegasus Airlines, the manufacturer announced Tuesday. Pegasus, the second largest airline in Turkey, also reserved options on 25 more of the re-engined narrowbodies. The contract establishes Pegasus as a new Airbus customer and makes it the first Turkish airline to order the A320neo. It now flies more than 40 Boeing 737-800s.
Along with new aircraft and a new show site, MEBA 2012 is presenting a new exhibit area, the U.S. Pavilion, showcasing the goods and services of ten U.S. aviation companies, spanning a range of goods and services from inflight catering to aircraft manufacturing.