The Asia-Pacific region will overtake North America and Europe as the world’s largest aircraft market with carriers taking delivery of about US$1.3 trillion worth of new planes over the next 20 years, according to a market forecast released by Airbus today during the Singapore Airshow. Airbus predicts the region’s airlines will take delivery of 9370
Boeing and Indonesia’s Lion Air today finalised a record order for 230 737 airliners. The deal, worth US$22.4 billion at list prices, was first announced in November. The order includes 201 737 MAX and 29 737-900ER aircraft plus purchase rights for 150 additional planes. This content is available exclusively to Australian Aviation members. Login Become
Kuwait based leasing company ALAFCO has ordered 35 additional Airbus A320neo aircraft on top of an order of 50 announced late last year at the Dubai Airshow. In a statement, ALAFCO said it had upped its order in response to strong demand for the aircraft. This content is available exclusively to Australian Aviation members. Login
Boeing is reportedly considering development of an update for its ultra long range 777-200LR, tentatively dubbed the 777-8LX, which could potentially operate between Sydney and London nonstop. The -8LX would join a troika of aircraft in the conceptual 777X family. It would feature a roughly 15 per cent improvement in fuel efficiency over the current
Boeing says its 737 MAX airliner remains on course to enter service in 2017 as the program enters the final phase of wind tunnel testing. “Wind tunnel testing is on the critical design path of the program,” said Michael Teal, the chief project engineer and deputy program manager of the 737 MAX program. “Based on
Rising demand for more fuel efficient jet engines pushed Rolls-Royce profits up 21 per cent last year amid expectations for continued strong growth. The British enginemaker reported 2011 pretax profits of £1.16bn (AS$1.7bn) on revenues of £11.3bn. The result slightly exceeded forecasted profits of £1.15bn. This content is available exclusively to Australian Aviation members. Login