Airlines will continue to enjoy ready access to financing for new aircraft acquisitions, as funding sources such as bonds grow in importance as options for financial support, according to Boeing’s seventh annual aircraft finance market forecast. The report, released in London on December 10, said that while export credit agency funding will decline in significance in the coming years, the industry will see a more even balance among carriers’ use of bonds, leases and loans from banks and capital markets.
Air Transport and Cargo
News and issues relating to international air transport and cargo carriers, national airlines and regional airlines, including aircraft, engines, personnel, acquisitions, accidents, safety, security and training.
Riding the favorable winds of increasing passenger traffic, slightly better fuel prices and revenues from ancillary services such as baggage fees, the world’s airlines should post record absolute profits in 2014, according to the International Air Transport Association (IATA). But some parts of the air transport system, particularly cargo and business-class passengers, remain at pre-recession levels.
The Federal Communications Commission (FCC) voted 3-2 on Thursday to move forward with a notice of proposed rulemaking to consider allowing airline passengers to make cellular telephone calls in flight, a practice that is currently banned in the U.S., although allowed by other countries.
Investigators with the U.S. National Transportation Safety Board (NTSB) focused on pilot training and knowledge of the Boeing 777-200ER autothrottle system during a day-long investigative hearing on December 11 into the crash of Asiana Airli
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.
The world’s airlines expect to see a 31-percent increase in passenger numbers between 2012 and 2017, according to a new forecast for the period issued Tuesday by the International Air Transport Association (IATA). The report shows that by 2017 total passenger numbers will rise to 3.91 billion from the 2.98 billion carried in 2012.
October airline traffic statistics published by the International Air Transport Association (IATA) last week showed substantial growth in virtually every region of the world, as global revenue passenger kilometers rose 6.6 percent compared with the same month a year earlier and 5.2 percent over September’s results. Even the cargo market resumed its fragile recovery in October, generating a 4-percent increase in freight ton kilometers.
Talks between Cambodian telecommunications, banking and property tycoon Kith Meng and Philippine Airlines (PAL) over a new Cambodian flag carrier called Cambodia Air have intensified following their failure to realize plans to close on a deal on October 15.
On April 25, PAL’s board agreed to acquire a 49-percent stake in Cambodia Air, now solely owned by Meng’s company, Inter Logistics (ILC).
Facing the prospect of increasing competition from European carriers, El Al Israel Airlines plans to launch a new low-fare brand named Up next March. Up will start by offering one-way introductory fares of $69 for departures from Israel to Prague and Budapest; and $99 to Berlin, Kiev and Larnaca, Cyprus.
Following delivery last week of the first 787-9 rudder built in China by Chengdu Civil Aviation (CCAC), Boeing extended its supply chain further for yet another airfoil subassembly, choosing the UK’s GKN Aerospace to build the winglet for the 737 Max. GKN joins Korean Air Aerospace Division (KAL-ASD) in South Korea as co-supplier of the raked, dual-feather-design winglet.
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