Boeing and Delta Air Lines today announced an order for 100 B737-900ERs worth $8.5 billion at list prices. The order was placed as part of Delta’s fleet renewal effort to replace Airbus A320s acquired from its 2008 merger with Northwest Airlines, as well as older Boeing 757s and 767s.
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Moscow-based ASC Aviation Equipment has entered into an agreement with Boeing’s Aviall that calls for the U.S. company to supply forecasting services, technology, training and aviation material for distribution in the Russian aviation market. ASC Aviation Equipment is a subsidiary of Concern of Aviation Equipment (CAE), a State Corporation Russian Technologies company. The agreement becomes effective in the fourth quarter.
Demand for new-production business jets “showed signs of perking up” in the second quarter, JPMorgan North American Equity Research noted in its monthly business jet market update.
Demand for new-production business jets “showed signs of perking up” in the second quarter, JPMorgan North American Equity Research notes in its latest monthly business jet market update. However, it is perturbed about macroeconomic concerns.
Boeing announced today at the Moscow Air Show that it has signed memoranda of understanding (MOU) with Russia’s Basel Aero Company, operator of Sochi Airport, and with Moscow State University of Geodesy and Cartography to cooperate toward increasing the efficiency and capacity of leading Russian airports.
Major aircraft and engine manufacturers have formed an organization called the International Aerospace Environment Group, chaired by Boeing, with the goal of establishing environmental guidelines for the aerospace supply chain.
ExxonMobil confirmed to AIN that it has decided to exit the general aviation fuels business in the U.S. and dissolve its network of Avitat-branded FBOs.
I recall being at first surprised, then relieved, by the oft-quoted statistic that aviation accounts for just 2 percent of global CO2 emissions. It seems like such a small amount in the grand scheme of greenhouse gases. But a recent report by the World Economic Forum cautions against complacency on the emissions front.
Continuing the recent trend of major oil companies scaling back their general aviation commitments, ExxonMobil confirmed to AIN today that it has decided to exit the general aviation fuels business and dissolve its network of Avitat-branded FBOs.
The flurry of new airliner orders in the first half of 2011, coupled with rising demand from other industries, has proved to be a boon to aluminum suppliers like Alcoa, which more than doubled its second quarter earnings in results announced on July 11. But subsequent stock market reaction, which saw Alcoa stock fall the next day, revealed how volatile the commodities sector can be.