IBM predicts a sea change in the aerospace industry over the next five to 10 years, one that will transform the prevailing business model from one dominated by what IBM aerospace and defense industry sector partner Michael Hackerson called vertical silos to a more egalitarian and cooperative approach.
Details of Irish carrier Ryanair’s latest contract with Boeing illustrate some of the negotiable areas within such agreements. Last month, the low-cost carrier completed its fourth 737-800 order in seven years under aggressive plans that predict fleet growth from 82 such aircraft to 225 by March 31, 2012. By then, Ryanair expects to carry 70 million passengers annually, compared with 34 million in the current year.
Believe it or not, there’s a pilot shortage out there, not in the U.S. or Europe, but in Asia, where a flourishing airline business needs first officers, and lots of them.
As airlines seek to shed costs associated with expensive component repair and overhaul (R&O) activity, lucrative opportunities are emerging for companies with the wherewithal to provide such capability. U.S. engines and avionics giant Honeywell considers itself one such entity.
The U.S. Department of Homeland Security (DHS) is about to oversee tests of antimissile airliner protection equipment on board an American Airlines Boeing 767. By year-end, three aircraft are to be used for testing prototype equipment under development by Northrop Grumman and BAE Systems as officials seek to resolve whether the systems can be sufficiently effective and affordable for mass deployment on civil airliners.
For many of the world’s airlines, the long and tiresome road to recovery has taken them through dips and valleys, hairpin bends and in some cases complete U-turns. Today, after seemingly negotiating much of the most difficult terrain, European airlines have caught a glimpse of the promised land over the horizon. So why, you ask, have the biggest airlines in the U.S.
The 1,050th and last 757 airliner took off from Boeing’s Renton, Washington assembly plant for delivery to Shanghai Airlines on April 28, some 23 years after the company ferried the first of the single-aisle workhorses to launch customer Eastern Airlines. But out of sight doesn’t mean out of mind for Boeing. Fifty-five operators still fly some 1,000 of the twinjets, many of which will need upkeep for decades to come.
Over the next five years Iran needs some 140 new airliners, half of which would replace a largely outdated fleet. Air transport demand continues to grow as the Iranian economy enjoys high oil revenues and 8 percent annual GDP growth.
Dubai-based Airbus subsidiary Total Airline Services Co. (TASC) recently completed a commercial audit of Middle East airlines and is currently working on cabin interior design and delivery for the entire Etihad Airways fleet.
Swiss-based independent maintenance organization SR Technics and Okay Airways, China’s first privately owned airline, have agreed to form a maintenance joint venture in Tianjin, China. The new facility will provide aircraft services, fleet technical management and component support for Boeing and Airbus aircraft operated by both existing airlines and new start-ups.