Aircraft depreciation, residual values and useful economic lives have shifted in the past 35 years says IBA
How realistic is depreciation of an aircraft over a 20 or 25 year life when aligned to a % of original cost? This was a question asked at a recent joint breakfast seminar entitled "˜Emerging Accounting and Valuation Challenge"™ hosted by KPMG Dublin and independent aviation consultancy firm IBA. Addressing a knowledgeable audience of airline, […]
Lufthansa Group with 25 percent more passengers in April
The airlines of the Lufthansa Group welcomed around 11.2 million passengers in April 2017. This shows an increase of 25.1% compared to the previous year"™s month. The available seat kilometers were up 15.8% over the previous year, and at the same time, sales increased by 25.2%. The seat load factor improved accordingly, rising 6.2 percentage […]
Boeing Halts 737 MAX Flights For Engine Inspections
Flight tests of Boeing 737 MAX aircraft are expected to resume shortly after being suspended for several days. This followed the discovery of cracks in part of a low-pressure (LP) turbine section destined for one of the CFM Leap-1B engines that power the new aircraft. Boeing and CFM are inspecting the second and third LP […]
Airbus begins production of first U.S.-built A320 in Mobile
The Airbus U.S. Manufacturing Facility in Mobile, Alabama, has received the major component assemblies for the first A320 that will be produced in the U.S. The 27 aircraft delivered from the facility thus far have been A321s. This marks another important milestone for the manufacturing facility, which began production in July 2015 and is equipped […]
Alabama Teams with Airbus for Aviation Education Center
To satisfy the need for a growing workforce in what Alabama Governor Kay Ivey calls a growing "aerospace cluster," the state has announced plans for a $6.5 million Alabama Aviation Education Center. The Alabama Aviation Education Center will feature classrooms, workshops and innovation rooms, providing aviation-themed activities and STEM-focused educational programs. The Alabama Governor"™s Office […]
Boom CEO sees market for 1,000 supersonic passenger jets by 2035
Denver-based Boom Technology founder and CEO Blake Scholl believes the company"™s first supersonic passenger aircraft can enter commercial service as soon as 2023 and there is a market for as many as 1,000 supersonic airliners to be delivered by 2035. Speaking at the IATA Wings of Change conference in Miami, Scholl said $33 million in […]
A4A airlines will no longer remove boarded passengers from aircraft
All Airlines for America (A4A) member airlines are now committed to not removing a boarded passenger from an aircraft in a bumping situation and all are committed to ensuring crew being transported are booked in advance, A4A president and CEO Nicholas Calio said. Speaking at the IATA Wings of Change conference in Miami, Calio said […]
TRU Simulation + Training Qualifies Second Boeing 737 MAX Full Flight Simulator
TRU Simulation + Training, a Textron Inc. (NYSE:TXT) company, announced today that it has completed ICAO 9625 Edition 4 Interim Type VII qualification of the Boeing 737 MAX Full Flight Simulator (FFS) by the Civil Aviation Authority of Singapore (CAAS) at the Boeing Training Campus in Singapore. The device received qualification on March 30, 2017. […]
MRO sector to top $75b in 2017, as worker crunch looms
The MRO industry may struggle with a shortage of qualified technicians as soon as 2022 – the fallout from a period of record aircraft orders and reluctance by airlines to retire older types, according to aviation industry consultants. The shortage will come, however, as the global MRO industry continues a period of continued projected growth. […]
USA Welcomes Back LATAM Airlines"™ Airbus A350XWB Service
LATAM Airlines announced today that two of its non-stop flights to Sao Paulo, Brazil will be operated in the Airbus A350XWB. The departures will begin from New York"™s John F. Kennedy Airport (JFK) on September 30, 2017, and from Orlando"™s International Airport (MCO), on November 15, 2017. These routes, which serve 4,000 and 5,000 miles […]
