It's been a rough 18 months or so for Boeing. First, regulators grounded the 737 MAX after two fatal accidents. And now Covid has brought its airline customers to the brink of ruin. The company's revenues fell 25% in the...
Read MoreThere will be even fewer opportunities to fly in a commercial B747, now that KLM is retiring its fleet of Delft Blue jumbos. The carrier announced earlier this year that its B747-400s would exit the fleet in March, instead of...
Read MoreAnd then there was one less. British Airways last week became the latest carrier to permanently retire its B747-400 fleet. The airline grounded the big birds when the pandemic hit, advancing what was already a plan to retire them over...
Read MoreEmirates tells Bloomberg it’s unlikely to get its first B777-9s before 2022. It has 115 on order, but might swap some for smaller B787s, said the carrier’s Chief Operating Officer Adel Al Redha. The B777-X, offered in two variants (the...
Read MoreThe shattered aircraft market, so strong for so long, got another blow when Norwegian cancelled all 97 of its remaining Boeing orders. Most (all but five) are B737 MAXs. The others are B787s. The airline also cancelled a lucrative maintenance...
Read MoreIt’s certainly not a short-term priority for airlines right now. But the revival of supersonic intercontinental air travel, this time with more economic logic, remains under development. Colorado’s Boom is one leading developer, whose work continues unabated thanks to long-term...
Read MoreAs rough as it is right now to be an airline, it’s worse being an aircraft manufacturer. It seems like every airline is cancelling or deferring orders as industry demand sharply contracts, with no visibility on when it might return....
Read MoreAirlines are retiring more fleet types in response to the collapse in demand from the Covid pandemic. Air Canada is retiring its five mainline B767s, after 37 years of operating the aircraft. In addition, the company is retiring the 25...
Read MoreAir Lease Corp.’s John Pleuger told CNBC that he does see some industry green shoots, especially in Asia. In China and Korea specifically, domestic load factors are now between 60% and 65%, he said. He compares the airline industry to...
Read MoreRyanair’s Michael O’Leary, in the category of ultra-LCC CEOs relatively bullish on recovery, told a Financial Times virtual summit last week that he’s in “advanced discussions” with Boeing about B737 MAX pricing. The talks include negotiations about how much compensation...
Read MoreAerCap, an aircraft leasing giant, did its best to temper the widespread gloom pervading the world’s airline industry. For lessors with modern machines and a global presence anyway, there’s no reason to panic. For one, AerCap will have fewer competitors...
Read MoreAirbus is slashing its production rate by one-third as it grapples with the collapse in demand due to the pandemic. The airframer plans to produce 40 A320-family aircraft per month; two A330s, and six A350s. Yet, the first quarter wasn’t...
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