E190 jet receives South African CAA type certification
The E190 has this week received type certification from South Africa"™s Civil Aviation Authority. Airlink, southern Africa"™s largest privately owned regional airline, recently took delivery of their first E190 which will soon go into service. Airlink"™s E190 will make its public debut in South Africa at the Adrenaline Air Show, Wonderboom National Airport in Pretoria […]
Nearly 35,000 aircraft valued at US$5.3 trillion required in the next 20 years
The world"™s passenger aircraft fleet above 100 seats is set to more than double in the next 20 years to over 40,000 planes as traffic is set to grow at 4.4 percent per year, according to Airbu"™ latest Global Market Forecast 2017-2036. Over this period, increasing numbers of first time flyers, rising disposable income spent […]
Spirit Airlines Inc. (SAVE) Moves Higher on Volume Spike for June 08
Spirit Airlines Inc. (SAVE) traded on unusually high volume on Jun. 08, as the stock gained 0.79% to close at $55.85. On the day, Spirit Airlines Inc. saw 2.07 million shares trade hands on 16,575 trades. Considering that the stock averages only a daily volume of 1.16 million shares a day over the last month, […]
Lufthansa"™s flight training school in Phoenix to update its fleet
Lufthansa Aviation Training (LAT) is scheduled to buy 25 new Cirrus SR 20 aircraft for its flight training school in Phoenix, Arizona. The total investment volume will amount to approximately EUR 11.5 million. Since the year 1972, trainee pilots at Lufthansa Aviation Training’s U.S. base have been acquiring their skills in single motor F33A Bonanza […]
Boeing, Malindo Air Celebrate First 737 MAX Delivery
Boeing (NYSE: BA) today marked the first delivery of the new 737 MAX. The airplane, a 737 MAX 8, was handed over to Malindo Air at the Seattle Delivery Center. The Malaysia-based airline will be the first to put the 737 MAX into commercial service. "This airplane will change the face of the single-aisle market," […]
Growing Fleet Lifts Copa Holdings’ Revenue Early in 2017
Copa Holdings (NYSE: CPA) is expanding its fleet, taking delivery of two 737s in the first quarter, upping the total fleet to 101 aircraft. And that’s helping growth along with rising demand for each seat the company has. The increased demand environment has been a boon for airlines recently, and as a low-cost operator, Copa […]
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, […]
Delta orders 30 additional A321s
Atlanta, Georgia (U.S.)-based Delta Air Lines has placed an incremental order for 30 firm A321ceo aircraft. This order follows three previous Delta orders for the Current Engine Option version of the largest Airbus A320 Family member. The airline took delivery of its first A321 in March of last year. Delta now has ordered a total […]
Mobil Jet Oil 387 Goes Fleet-Wide with Singapore Airlines
ExxonMobil announced today that Mobil JetTM Oil 387, a synthetic High Performance Capability (HPC) turbine engine oil, will be used in all of Singapore Airline"™ aircraft. Among the world"™s most awarded carriers, Singapore Airlines operates one of the youngest fleets in the aviation industry. Its fleet includes a range of Airbus and Boeing wide-body aircraft, […]
China Southern Airlines orders 20 Airbus A350 XWBs
China Southern Airlines has signed a purchase agreement with Airbus for 20 A350-900s, becoming the latest customer for the aircraft. China Southern Airlines now operates one of the largest Airbus fleet in the world with more than 300 Airbus aircraft in service, comprising the A320 Family, the A330 Family and five A380s. Tan Wangeng, President […]
