Chroniclers of the air transportation industry last year were cautiously optimistic that an economic recovery in the airline business had arrived finally as large orders for new commercial aircraft from airlines and lessors rolled in. Orders for new equipment continued this year at a brisk pace but there is a debate within the industry about too many planes chasing too little traffic....More
Abu Dhabi’s Falcon Aviation Services has confirmed an order for three Bombardier Q400 NextGen turboprops.
Bombardier said the aircraft form part of a letter of intent for five Q400 NextGens signed by Falcon at last July’s Farnborough Airshow....More
Netherlands-based AerCap Holdings and US lessor International Lease Finance Corp. (ILFC) have just completed their IT systems integration, marking one of the final hurdles for the $3 billion acquisition....More
The European airline market remains too fragmented, with 35 carriers handling 80% of traffic compared with just four in the US, AerCap Holdings head of Europe, Middle East and Africa Kenneth Wigmore said....More
Airbus claimed victory over rival Boeing at the Paris Air Show with orders and commitments totaling 421 aircraft announced through the week, but Boeing’s 331 commercial airplane sales included a far larger number of higher value widebodies....More
The GE Aviation/Pratt & Whitney joint venture Engine Alliance said it remains in contention to power the potential re-engined Airbus A380neo with a comprehensive upgrade to the GP7200, but it noted the timing of such a move is dependent on Airbus....More
ATR has sold 46 aircraft and 35 options in the year to date, valued at $2 billion including options, marking a slowdown on its previous performance due to low fuel prices and adverse dollar exchange rates....More