By Dominic Lalk
Aircraft lessor Avolon this week published a White Paper on Chinese aircraft demand that challenges some elements of Airbus and Boeing forecasts. Avolon said the Mainland has an appetite for approximately 1,200 wide bodies to 2036. Boeing said it will be 1,560 and Airbus forecast it would be 1,740.
In Thailand, flag carrier Thai Airways International (THAI) became the third Thai airline recertified by the Civil Aviation Authority of Thailand (CAAT). In the Philippines, Philippine Airlines (PAL) announced the suspension of its Cebu-Los Angeles service and China Eastern Airlines said it would fly COMAC’s C919 on the Shanghai-Beijing trunk route from 2020.
At IndiGo Airlines, India’s biggest airline by market share, the carrier’s principals signed a Letter of Intent for 50 ATR 72-600s and the chairman of Air India, Ashwani Lohani, announced on Facebook that the airline would launch flights to Los Angeles and Dallas.
At press time, the industry was digesting the news of the sudden financial reversal of Dubai’s Emirates Airline, which announced on Thursday that its profit for the fiscal year to March 31 had plummeted from US$1.94 billion to US$340 million, or 82.5%.
Emirates chairman, Sheikh Ahmed bin Saeed Al Maktoum, said the carrier’s investments in recent years had helped it “weather the destabilizing results that have impacted travel demand during the year”. For the first time in two decades, the airline will not pay a dividend to its owner, the Dubai government.
Today, It was reported in The Wall Street Journal that U.S. airline representatives were about to meet government security officials to discuss expansion of the laptop ban on airliners to some routes between Europe and the U.S. The Department of Homeland Security said the plan is “under consideration. When there are changes we will announce that”.
Avolon forecasts 400 new wide body orders from China to 2026 Read More »