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01/15/2021

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07/01/2020

News:Airbus has captured commercial market leadership from Boeing. The MAX crisis exacerbated Boeing’s issues in the narrow-body market, and the failure of the Embraer acquisition left Boeing without a competitor to the A220, which is popular as airlines emerge from the pandemic as an exceptionally efficient aircraft. If we look forward, new firm orders booked as of 1 June 2020 clearly favor Airbus with 7,665 over Boeing with 4,744. [ 632 more words ]

Boeing needs innovation to regain market leadership. Will the company recognize that fact and do what it takes to achieve a breakthrough new design?

07/01/2020

The pandemic has decimated the wide-body fleets as long-haul travel has nearly stopped entirely. The most expensive aircraft an airline can deploy has become an economic burden unless it is converted into an PPE carrier. That was the good news. As the pandemic slows across several regions, PPE demand may have peaked. We see this is dropping freight prices. That means the need for converted wide-bodies may have also peaked. [ 284 more words ]

Even with massive state support, many airlines will not emerge from the pandemic. Their costs probably cannot be covered because traffic won't return fast enough. How long can some of them bleed?

07/01/2020

Commercial How do you break barriers without breaking the sound barrier? - Aerion UAE’s aviation regulator will conduct its own MAX tests - Bloomberg 737 MAX development marred by design, communications flaws - Reuters How Will 100,000 Job Losses By 2022 Affect The Aerospace Industry? - AvWeek Airbus adapts to Covid, cuts jobs - Airbus General Aviation Embraer delivers first enhanced Phenom 300E - … [ 98 more words ]

A compliation of today's key news in commercial and business aircraft, airlines, urban air mobility, and snipets from social media.

06/30/2020

Airbus will slash its workforce by 15.000 positions before the Summer of 2021, the OEM confirmed in a press statement on the evening of June 30. Job cuts are inevitable as Airbus is confronted by revised market conditions following the Covid-19-crisis. The announcement was expected no later than by the end of July, President and CEO Guillaume Faury said in an interview in German newspaper Die Welt on June 29, but has now been brought forward. [ 726 more words ]

Airbus will slash its workforce by 15.000 positions before the Summer of 2021, the OEM confirmed in a press statement on the evening of June 30. Job cuts are inevitable as Airbus is confronted by revised market conditions following the Covid-19-crisis. The announcement was expected no later than by....

06/30/2020

News: Air Canada and Westjet both announced last week that effective July 1, they will now be selling all seats on their flights, including middle seats that were previously restricted from being sold. This has resulted in a number of upset passengers in Canada who were told that middle seats would be empty when they booked their flight, remain concerned during the on-going pandemic, and find that they may have a total stranger adjacent to them a few inches away. [ 775 more words ]

Changes in seating policy have resulted in different expectations for passengers, who may be uncomfortable with the middle seat occupied during a pendemic.

06/30/2020

Our call was with Rui Carreira, CEO of TAAG (Angloa), Morne Visagie at ABSA (South Africa) and Sameer Adam at De Havilland (Canada). TAAG just took delivery of their first Dash8. Here's our story from 2019 when the deal was first announced. The three companies involved had to overcome Covid-induced hurdles. The permits needed to be signed, the documents that had to move between five countries, all served to slow down the deal. [ 157 more words ]

Our call was with Rui Carreira, CEO of TAAG (Angloa), Morne Visagie at ABSA (South Africa) and Sameer Adam at De Havilland (Canada). TAAG just took delivery of their first Dash8.

06/30/2020

David Yu, Ph.D., CFA, Finance Professor at NYU and Chairman of China Aviation Valuation Advisors discusses the Chinese air travel market in terms of traffic, airlines, and lessors. We also cover the ARJ21, C9191 and CR929.

Catching up on China

06/30/2020

The new Global 5500 from Bombardier, the smallest model in the Global family, joined its larger Global 6500 and Global 7500 in service last week with the first delivery to an undisclosed customer. Initially introduced at the EBACE convention in Geneva in May 2018, the Global 5500 entered service just over two years from its initial announcement. The aircraft, with a list price of $46 million, received its type certification from Transport Canada, EASA and the FAA in late 2019. [ 206 more words ]

06/30/2020

Commercial Maintenance firm clashes with inquiry over severe E190 loss-of-control incident - FlightGlobal Hydrogen-powered aviation is ready for take-off - Politico Norwegian Air's Notice of Termination to the Boeing Company of purchase agreements and GoldCare agreement - Norwegian General Aviation Gogo’s Business Aviation sector shows strong rebound - PaxEx Airline Viva Aerobus becomes next A321neo operator - FlightGlobal Air Canada brings back inflight meals, lounges, middle seat passengers - … [ 60 more words ]

A compliation of today's key news in commercial and business aircraft, airlines, urban air mobility, and snipets from social media.

06/30/2020

Norwegian Air Shuttle wants to cancel all remaining orders for the Boeing MAX 8, or in total 92 aircraft. It also notified Boeing it wants to terminate the purchase agreement for five 787-9s, the airline said in a notice published on June 29 on the Norwegian Stock Exchange. The decision confirms Norwegian's plan to drastically resize its operations as if hopes to survive the Covid-19 crisis. [ 365 more words ]

Norwegian Air Shuttle wants to cancel all remaining orders for the Boeing MAX 8, or in total 92 aircraft. It also notified Boeing it wants to terminate the purchase agreement for five 787-9s, the airline said in a notice published on June 29 on the Norwegian Stock Exchange. The decision confirms Nor...

06/29/2020

News: FAA test flights of the Boeing 737 MAX will begin today to determine whether the aircraft will be approved for a return to service in the United States. The test flight process is scheduled to be more rigorous than normal flights, as the eyes of the world are now squarely on the FAA. Additional flights for EASA and Transport Canada may be required, with scheduling to be dependent on border closings and pandemic precautions, although it is probable they will review the data from the FAA flight and tentatively approve the aircraft to return to service pending other modifications and later test flights in early 2021. [ 605 more words ]

Boeintg’s financial picture will improve once program cash flows turn positive, rather than negative, but that won't likely happen until 2022 or 2023.