The mergers and acquisitions (M&A) tide is still rising in the commercial aerospace sector, according to Michael Richter, managing director and head of aerospace and defense with investment bank Lazard.
Airbus A350-900 flight test aircraft MSN3 has completed hot weather testing in Al Ain, in the United Arab Emirates, Airbus announced Wednesday.
Emirates Airline has cancelled its order of 70 A350 XWBs, Airbus confirmed on Wednesday. The Dubai-based carrier originally placed the order for 50 A350-900s and 20 A350-1000s in 2007. It had planned to take first delivery in 2019.
As the air transport industry’s heavy hitters gathered in Doha for IATA’s June 1-3 annual general meeting (AGM), thoughts turned to heavy iron—namely, prospective widebody developments that stand to upset the competitive status quo as early as the Farnborough Air Show in July.
At face value, the recent acquisition of Abu Dhabi Aircraft Technologies (ADAT) from Mubadala Development Co. by Etihad Airways is straightforward portfolio realignment between two state-owned entities in the United Arab Emirates.
Singapore Airlines (SIA) confirmed to AIN that it has a so-called “pass over” policy under which it reserves pilot jobs on its Airbus A380 fleet almost exclusively for Singaporean citizens. The policy means that a Singaporean pilot, irrespective of his seniority number, will be preferred for A380 vacancies over expatriate colleagues.
Indian airlines are facing stiffer competition and downward pressure on air fares with 40 new aircraft due to join the country’s fleet, taking the total capacity to around 400 jets by year-end. Existing carriers are now facing new competition in the shape of AirAsia India, which has just received its air operator permit (AOP) for domestic services.
SriLankan Airlines appears poised to expand its reach into the neighboring Indian air transport market after becoming the 14th member of One World alliance late last month. The move is a boost to a country trying to bounce back after a 25-year civil war and also makes SriLankan the first carrier from the Indian subcontinent to gain admission into a global airline alliance—ahead of rival operators in the far larger Indian market.
Abu Dhabi’s Etihad Airways announced first destinations and unveiled premium cabin configurations for its coming Airbus A380 and Boeing 787 widebodies on May 4. The Gulf carrier plans to start service of both aircraft types in December.
Jet Aviation has appointed New Delhi-based Arrow Aircraft Services as its MRO sales representative for India, effective April 1. As the regional sales representative for India, Arrow Aircraft Services will help promote Jet Aviation’s maintenance and refurbishment business, including the company’s MRO facilities in Dubai, United Arab Emirates; Singapore; Geneva and Basel. Arrow Aviation Services was founded in 2009 and is part of the Arrow Group, a provider of business aviation sales, charter and operation management in India.
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