ANA takes 9.5% stake in PAL; places A320 & MAX orders
All Nippon Airways (ANA) Holdings has revealed some major investment moves, as it confirmed the purchase of a 9.5% strategic stake in Philippine Airlines (PAL) and placed an order for 38 narrowbody aircraft from Airbus and Boeing. ANA’s 9.5% stake in PAL Holdings is valued at $95 million. The shares will be acquired from Trustmark […]
TrueNoord leases five new ATR 72-600s to IndiGo
TrueNoord has leased five new ATR 72-600s to InterGlobe Aviation Limited (IndiGo). The first two aircraft were delivered at the end of December with the remaining three integrating with the fleet in the coming months. Financing was provided under TrueNoord’s recent term loan warehouse facility supported by Morgan Stanley, NORD/LB Norddeutsche Landesbank and Barclays. Hogan […]
British Airways Details Retirement Plans for 747 Fleet
The days of the iconic Boeing 747 have become numbered as numerous airlines prepare to phase them out in favor of newer and more efficient wide-body aircraft such as the Airbus A350 and Boeing 777X. AirlineGeeks recently obtained data from a source close to British Airways, with details of the airline’s retirement plans for 13 […]
Brazil’s Gol to offer MRO services from 2020
Gol Linhas Aéreas Inteligentes (G3, São Paulo Congonhas) is planning to start proferring maintenance, repair, and overhaul (MRO) services to external customers from 2020 onwards, maintenance director Carlos Alberto Costa said at Aviation Week’s MRO Latin America event. The facility located at Belo Horizonte Tancredo Neves will initially focus on B737 aircraft. The maintenance hangar […]
Airbus negotiates with suppliers to cut A220 costs
Airbus now has “a very good understanding of the cost base” of the A220 program, but negotiations with suppliers, key to bringing down costs, are still ongoing, Airbus-Bombardier partnership CEO Philippe Balducchi said. Airbus aims to cut unit costs by a large double-digit percentage to bring the A220 program, formerly the Bombardier CSeries, into profitability. […]
Boeing Delivers First 787 Dreamliner for WestJet
Boeing [NYSE:BA] today delivered the first of ten 787 Dreamliners to WestJet, marking the start of the airline’s global expansion. Having long operated a fleet of Boeing single-aisle jets, WestJet will use the super-efficient, long-range 787-9 Dreamliner to profitably serve new international routes. «Today’s delivery marks a new chapter for WestJet,» said Ed Sims, president […]
United to take delivery of additional 777-300ERs from this year
United Airlines will receive the first widebody aircraft from a new Boeing order this year, the airline told analysts on an earnings call earlier today. The Chicago-based carrier disclosed it recently ordered 28 Boeing aircraft in its 15 January earnings release, including four 777-300ERs and 24 737 Max aircraft. Chief financial officer Gerry Laderman tells […]
Air France set to close Joon
Air France has signalled the end for its Joon brand by launching a review of the unit as it looks at integrating the carrier’s employees and aircraft into the wider operation. The decision follows discussions with employees and customers as well as consultation with trade unions, says the French flag carrier. While crediting the unit […]
EasyJet reports annual profit growth on 2019 bookings boost
EasyJet’s summer 2019 bookings are slightly ahead of last year’s, despite uncertainty over the effect Brexit will have on air transport, as the UK LCC reported a rise in profit for the year ended Sept. 30. In addition, easyJet announced an order for 17 more Airbus A320neos, bringing the airline’s total neo order to 147, […]
IAG yet to determine a quarter of projected 2023 fleet
Almost a quarter of the fleet IAG will operate in five years’ time has yet to be determined, according to the company’s latest capacity plan. IAG plans to expand its fleet from 587 to 716 aircraft over the course of 2019-23. But some 172 aircraft, comprising 128 short-haul and 44 long-haul, from this overall figure […]
