The spectacular rise of Emirates and its Gulf rivals confounded the expectations of mature carriers in the U.S. and Europe. These fifth- and sixth-freedom carriers have limitless ambitions and enjoy the revenues won through hydrocarbon abundance to back them up. But personalities have also played a role and one thing is sure: the Ruler of Dubai has made himself a pivotal player on the world’s aviation stage.
The bid by Malaysia’s AirAsia to launch a low-fare airline in India with the Tata Group has hit some unexpected turbulence as Singapore Airlines prepares to launch a joint venture with the very same investors.
Ailing infrastructure in rapidly growing economies in the Asia-Pacific region has not kept in step with demand, creating huge challenges for airlines running out of pilots as fleets expand. Led by China and India, the region’s economies will grow 4.5 percent per year over the next 20 years, while Chinese airlines triple the size of their fleets, according to the 2013 Boeing Pilot & Technician Outlook on Asia-Pacific.
As it embarks on a series of reforms under a new government that took office in March 2011, Myanmar has set its sights on next year for the release of a national civil aviation policy to prepare for a traffic boom that threatens to overwhelm its woefully inadequate air transport infrastructure.
Encouraged by a bounty of sales commitments during the Paris Air Show, Airbus parent company EADS now predicts that the civil airframer will receive orders for 300 more aircraft than it previously projected for this year. While releasing its half-year financial results on July 31, EADS said it expects Airbus will receive orders for at least 1,000 airplanes and deliver between 600 and 610, up from last year’s 588.
Industry wisdom that civil aerospace is continuing its super-boom while defense prospects waiver was clearly confirmed in the headlines from last month’s Paris Air Show (June 17 to 23). The 50th staging of the biennial event was dominated by yet more airliner orders, plus breakthroughs in new aircraft coming to market and significant deliveries.
Backed by five launch customers from across Europe, Asia and North America committing to 102 aircraft, Boeing pressed the “Go” button for its long-anticipated 787-10 development on June 17. United Airlines, British Airways, Singapore Airlines, GE Capital Aviation Services (Gecas) and Air Lease stepped up to support the stretched, longer-range Dreamliner, and they appear to have been influential in shaping the design and performance goals.
The 2013 Paris Air Show is on track to be the one of the highest-value air shows ever in terms of new business announcements. A brief analysis by AIN showed that by the end of yesterday sales on the civil side alone had already topped $165 billion. This total covered airliners, helicopters, business aircraft and engines, but excluded any associated service contracts. It included a lot of as-yet unconfirmed options and commitments, but AIN did exclude any previously announced business (where the customer identity had simply been confirmed).
Boeing fired the starting pistol on the much-anticipated launch of the 787-10 here yesterday, in the process collecting order commitments for 102 airplanes from five customers across Europe, Asia and North America. Air Lease, United Airlines, GE Capital Aviation Services, British Airways and Singapore Airlines form the group of launch customers.
BOC Aviation (Hall 5, Stand D262) has grown from just another player in the aircraft leasing business to a prominent brand, and the world’s fifth largest aircraft lessor. Started in 1993 as Singapore Aircraft Leasing (Sale), it was acquired by Bank of China in December 2006 for $3.25 billion. In July 2007, its name was changed to BOC Aviation.