Clearance of Etihad Airways’s $380 million investment in Jet Airways by India’s Foreign Investment Promotion Board (FIPB) last week has paved the way for completion of the deal. The airlines now await approval from the Cabinet Committee on Economic Affairs (CCEA), which oversees foreign investment proposals of more than $200 million, and security clearances of foreign nationals.
Some 54 countries in Africa hold stakes in airlines and airports, but all must increasingly consider the invasion of their skies by international players, led by the likes of Middle East heavyweights Emirates and Qatar Airways.
Energized by the explosive growth in the Middle East air transport market, Qatar Airways has turned its attention to Scandinavia as it extends Boeing 787 services to Stockholm on August 1, to be followed a month later to both Copenhagen and Oslo.
Qatar Airways placed a firm order for a pair of Boeing 777-300ERs and signed a commitment for another seven on the opening day of the Paris Air Show. Boeing places the value of the nine airplanes at $2.8 billion, based on list prices. Also holding an outstanding order for seven 777s, Qatar Airways plans to increase the size of its present fleet of 35 Boeing 777s to 51.
General Electric GE90-115Bs power the 777-300ER. GE places the value of the engine commitment at $600 million.
Boeing got another big boost for its widebody lineup here yesterday when Korean Air committed to another five 747-8Is and six 777-300ERs worth $3.6 billion at list prices. Also a customer for the Airbus A380, Korean has now signaled its intention to place a second order for the superjumbo’s competitor, production of which Boeing recently cut from two airplanes to 1.75 per month. Boeing holds firm orders for just 40 Intercontinentals and 65 freighters.
Airbus’s A380 yesterday received a highly welcome boost from Doric Lease, which placed a memorandum of understanding (MoU) for the purchase of 20 of the superjumbos at the Paris Air Show.
Airbus is understandably relieved to have flown the A350 XWB widebody just before the Paris Air Show, but the European manufacturer’s twin-aisle family accounts for only a small proportion of outstanding orders as it prepares to proceed with the new aircraft’s flight-test program. Nevertheless, deliveries of 247 aircraft overall and net orders for 493 new jets by June 1 constitute a “strong start” to 2013 for the European manufacturer, according to marketing senior vice-president Christopher Emerson. Airbus delivered 588 aircraft in 2012 and expects to ship more than 600 this year.
The General Civil Aviation Authority of the United Arab Emirates on June 4 announced plans to add two routes between the UAE and Bahrain, bringing the total number to three, to increase system capacity and improve traffic flow. No implementation date was announced for the new routes, which were created in partnership with the Dubai Foundation for Air Navigation Services.
With increasing numbers of Airbus A380s in their fleets, Asian and Middle East airlines are growing impatient to start deploying the super-large widebodies on services to and from India. But the Indian government’s policy of sheltering national carrier Air India from competition is preventing carriers such as Lufthansa, Emirates and Singapore Airlines (SIA) from using aircraft larger than the Boeing 747 under the terms of existing air services agreements.
Solid recurrent training is at the core of any safety management system and the Middle East Business Aviation Association (MEBAA, Booth 827) and its members know this. The organization has chosen EBACE 2013 as the venue to announce a new member benefit: MEBAA Total Training Service, a package designed specifically for MEBAA by Emirates-CAE (Booth 372).