Dubai Airshow: Emirates commits to 30 787-9s
Emirates has finalised a purchase agreement with Boeing for 30 787-9s, in a deal signed at the Dubai Airshow. The airline had originally picked the larger 787-10 but officially selected the 787-9 to complement the 777. As part of the agreement, Emirates will update its order book by converting 30 777s into 787-9s, remaining the […]
Boeing profits wiped out as 737 MAXs grounded
Boeing has been pushed into second quarter and first half losses due to the cost of grounding the global 737 MAX fleet. In the second quarter, losses amounted to $2.9 billion compared to a $2.2 billion profit in the same period of 2018. First half losses totalled $793 million compared to a $4.6 billion in […]
Grounding the 737 MAX to cost Boeing $5 billion
Grounding the 737 MAX is likely to cost Boeing $5 billion, the aircraft giant has announced a week before it releases its second quarter results. Boeing says it will record an after-tax charge of $4.9 billion due to delayed aircraft deliveries and associated issues, resulting in a $5.6 billion reduction in revenue and pre-tax quarterly […]
British Airways commits to 42 Boeing 777Xs
British Airways parent company International Airlines Group has committed to 42 Boeing 777Xs, including 18 orders and 24 options, in a deal worth $18.6 billion. The airline is modernising its fleet with the introduction of aircraft including 787 Dreamliners, and the new 777-9s will primarily replace older 747s. The 777-9 is larger and slightly wider […]
Turkish Cargo orders three more B777 Freighters
Turkish Cargo has ordered three more Boeing 777 Freighters as it continues to soar with record financial results and growth. The 777 Freighter, which is based on the 777-200LR, can fly 4,900 nautical miles with a payload of 102 tonnes, meaning fewer stops and landing fees, less congestion at transfer hubs, lower cargo handling costs […]
FIA 2018: Boeing lands major deal with Volga-Dnepr
Volga-Dnepr Group and CargoLogicHolding has signed an agreement to acquire 29 Boeing 777 Freighters, confirmed an order for five more Boeing 747-8 Freighters, the purchase of a crew pairing solution, and an agreement to work together on future projects. The group is one of the largest 747 freighter operators, and it wanted to add more […]
FIA 2018: Qatar Airways confirms order for five 777 Freighters
Qatar Airways has finalised an order for five Boeing 777 Freighters in a deal signed at the 2018 Farnborough International Airshow. The deal is worth $1.7 billion at list prices, and will add to Qatar Airways’ existing Boeing freighter fleet of 13 777s and two 747-8s. The announcement was attended by the state of Qatar’s […]
FIA 2018: DHL Express orders 14 Boeing 777 Freighters
Boeing has kicked off the Farnborough Airshow by signing a deal to supply DHL Express with 14 Boeing 777 Freighters, with the option for an additional seven. The first aircraft is scheduled for delivery in 2019, and DHL says that while the aircraft will not increase capacity, they will significantly reduce costs, increase efficiency and […]
E-commerce is not the only driver of growth
So what is driving all this demand? With so much talk in the industry revolving around e-commerce, one could be forgiven for thinking this was the sole driver of air cargo at the moment, writes Donald Urquhart. “It has had a tremendous impact, and consumer demand for instant gratification for delivery coupled with a need […]
Yesterday’s outcast is today’s golden child
While the air cargo pundits debate the intensity of the air cargo market in the months to come, one thing remains clear – maindeck capacity is very much in demand, writes Donald Urquhart. And while air cargo demand has moderated somewhat from last year and new obstacles – most notably rising fuel prices and the […]
Lufthansa Cargo orders two Boeing 777 Freighters
Lufthansa Cargo has ordered two Boeing 777 Freighters, which will join the fleet in 2019 as it replaces older MD-11Fs. The two aircraft are scheduled to take off from Boeing’s plant in Seattle in February and March 2019 and offer 20 per cent lower CO2 emissions than existing MD-11 Freighters, along with lower noise emissions […]
Singapore Airlines welcomes the world’s first 787-10 to its fleet
Singapore Airlines has taken delivery of the world’s first Boeing 787-10, the newest and largest member of the Dreamliner family. The new aircraft is designed with strong, lightweight composites, advanced systems and a longer fuselage than other 787 Dreamliners. The airlines, through its subsidiary Scoot already flies 787-8 and 787-9 Dreamliners and the group is […]
Turkish Airlines finalises order for 30 Boeing 787-9 Dreamliners
Boeing and Turkish Airlines have finalised an order for 30 Boeing 787-9 Dreamliners to meet growing demand at the third Istanbul airport. The firm order for 25 aircraft with options for five more 787s was first announced in September, and makes Turkish Airlines the 71st customer to buy the 787. Turkish Airlines chairman of the […]
Turkish Cargo orders three more Boeing 777 Freighters
Turkish Airlines is continuing to expand its freighter fleet by ordering an additional three Boeing 777 Freighters, to join the two it took delivery of in December. The 777 Freighter is based on the 777-200LR passenger aircraft, and can fly 4,900 nautical miles with a full payload of 102 metric tonnes. Boeing says its range […]
AZAL commits to two Boeing 747-8F and orders seven Dreamliners
Azerbaijan Airlines (AZAL) has ordered five more Boeing 787-8 Dreamliners and has committed to purchase two 747-8Fs. The agreement, was announced at the 2017 Dubai Air Show, is valued at about $1.9 billion at current list prices. The freighter commitment will be finalised at a later time. AZAL president, Jahangir Askerov says: “Ordering additional 787 Dreamliner airplanes will greatly expand our […]
China’s CASC signs up for 300 Boeing’s
Boeing and China Aviation Suppliers Holding Company (CASC) today signed an agreement for 300 aircraft during a ceremony in Beijing. It was part of the United States trade mission to China, and was signed by Boeing Commercial Airplanes president and chief executive officer, Kevin McAllister, in the presence of US President Donald Trump and China […]
Asia to drive air cargo growth, Boeing predicts
Annual growth is expected to average 4.2 per cent and anything linked to Asia will be stronger, Boeing predicts in its World Air Cargo Forecast. Speaking at the Air Cargo Americas conference on 1 November, Boeing Commercial Airplanes regional director for cargo market analysis, Gregg Gildemann explained to delegates that revenue tonne kilometres will grow […]
China to need 180 widebody freighters by 2036, Boeing predicts
China will need 180 new widebody freighter aircraft through to 2036, and the Asia Pacific region will require 320, Boeing predicts in its annual Current Market Outlook. Boeing says it projects demand for 7,240 new aircraft over the next 20 years valued at nearly $1.1 trillion, with the majority being single-aisle units, with 5,420 required […]
El Al takes delivery of its first 787 Dreamliner
El Al Israel Airlines has taken delivery of its first Boeing 787 Dreamliner, the first of 16 on order. The 787-9, leased through an agreement with Air Lease Corporation, touched down in Tel Aviv following a non-stop flight of 6,746 miles from Paine Field, adjacent to Boeing’s factory in Everett, Washington. El Al chief executive […]
flydubai takes delivery of its first Boeing 737 MAX 8
Flydubai has taken delivery of its first Boeing 737 MAX 8, making it the first carrier in the region to operate the new single aisle aircraft. The aircraft is the first of 75 on order to add to flydubai’s fleet of Next-Generation 737s, which it operates on a network of more than 95 destinations in […]
Boeing returns to profit in the second quarter
Boeing Company has returned to profit in the second quarter, with net earnings of $1.7 billion compared to a loss of $234 million the previous year. The loss in the second quarter of 2016 was due to an R&D reclassification of $1.2 billion on the 787 program, a $1.2 billion pre-tax charge for the 747 […]
FedEx and Boeing collaborate on ecoDemonstrator aircraft
Boeing and FedEx Express are to work together to fly the next ecoDemonstrator aircraft, using a new Boeing 777 Freighter to test emerging technologies. The ecoDemonstrator program, now in its fifth iteration, serves as a testbed to improve environmental performance and safety of future aircraft, and this round includes installing a compact thrust reverser to […]
$6.1t of aircraft needed by 2036, single-aisle units to drive demand
The world will need 41,030 new aircraft over the next 20 years and single aisle aircraft will be most in demand, Boeing predicts in its Current Market Outlook (CMO). Boeing says the new aircraft will be valued at $6.1 trillion, with single aisle units making up 29,530 deliveries worth $3,180 billion, driven by low-cost carriers […]
AerCap orders 30 Boeing 787-9 Dreamliners
AerCap has ordered 30 Boeing 787-9 Dreamliners valued at $8.1 billion at the Paris Air Show, making it the largest 787 Dreamliner customer. Aircraft leasing company, AerCap has taken delivery of 55 787s and now has 67 on backlog after this order, including sale leasebacks. Boeing Commercial Airplanes president and chief executive officer (CEO), Kevin […]
Boeing signs MoUs for newly launched 737 MAX 10
Boeing has launched the larger capacity 737 MAX 10 at the 2017 Paris Air Show and has been busy taking orders. The new aircraft has improved range and fuel efficiency through improvements including a modified wing for low speed drag reduction, while the fuselage is 66 inches longer than the 737 MAX 9. Boeing Commercial […]
Boeing profits grow 19% in the first quarter
Boeing profits grew 19 per cent in the first quarter of 2017 with the Commercial Airplanes division posting strong growth. The company made a profit of $1.4 billion compared to $1.2 billion in 2016 despite revenue falling seven per cent to $20.9 billion, which it says was due to the timing of commercial and defence […]
IATA WCS 2017: freighters going nowhere according to Boeing’s Crabtree
Freighters are “here to stay” – Boeing Commercial Airplanes regional director and airline market analysis for marketing and business development, Tom Crabtree told delegates yesterday at the International Air Transport Association’s World Cargo Symposium in Abu Dhabi. He explained in a session how air cargo demand would affect the freighter market that freighters are essential […]
Many issues to discuss as Air Cargo Africa returns for another year
There will be much to talk about at Air Cargo Africa in Johannesburg, with five panels discussing issues including Africa’s potential and overcapacity, and forum sessions including pharmaceuticals and perishables. The action will kick off with a welcome address by STAT Media Group editor-in-chief, R K Patra at 11.00h on Tuesday 21 February, followed by […]
Singapore Airlines commits to 777-9 and 787-10 orders
Singapore Airlines has committed to purchase 20 Boeing 777-9s and 19 Boeing 787-10 Dreamliners, and has recommitted to its previous order of 30 787-10s. Boeing says the 777-9 will be the largest and most efficient twin-engine commercial aircraft and advanced technology will include a new composite wing, all-new engines and superior aerodynamics to improve fuel […]
Boeing profits fall despite strong fourth quarter
Boeing Commercial Airplanes’ earnings from operations fell 39 per cent in 2016 despite improvements in the fourth quarter. Full year earnings fell from $5.1 billion in 2015 to $3.1 billion in 2016, though it improved 160 per cent in the fourth quarter to $1.47 billion. Fourth quarter revenue was up one per cent to $16.2 […]