Boeing and Korean Air finalised an order for five 777 freighters. The order, valued at more than US$1.5 billion at current list prices. Korea’s flag carrier currently operates an all-Boeing freighter fleet of 26 airplanes that includes 17 747-400 freighters, five 747-8 freighters and four 777 freighters. “We truly value our enduring partnership with Korean Air and we are pleased that they have selected the 777 freighter to bolster their all-Boeing freighter fleet,” said … [Read more...] about Korean Air orders five 777 freighters
Aircraft Manufacturers
Asiana orders 25 A321neo aircraft
Asiana Airlines has signed a letter of intent (LOI) with Airbus for the purchase of 25 A321neo single aisle aircraft as part of its ongoing fleet modernisation programme. The new aircraft will be operated on the carrier’s regional services, as well as on selected domestic routes. The A321neo will join an existing fleet of A320 Family aircraft operated by Asiana Airlines and its low cost subsidiary Air Busan. "The A320 Family is a proven success with Asiana Airlines and Air Busan, … [Read more...] about Asiana orders 25 A321neo aircraft
LATAM receives first 787-9 Dreamliner
Boeing and LATAM Airlines Group celebrated the delivery of the airline’s first 787-9 Dreamliner. LATAM Airlines Group is leasing the new airplane from Amsterdam-based lessor AerCap. LATAM Airlines Group will become Latin America’s first operator of both the 787-8 and 787-9 variants of the Dreamliner family when the airline group launches 787-9 services on South American routes in April. With this delivery, LATAM Airlines Group will have 11 787s in its fleet, the most in Latin … [Read more...] about LATAM receives first 787-9 Dreamliner
Asiana signs FHS components contract with Airbus
South Korea’s Asiana Airlines has selected Airbus Flight Hour Services (FHS) to provide components support for its A330 operations. The FHS Components agreement, which will run for 10 years, provides an extensive scope of A330 line replaceable units (LRUs), guaranteed spare parts availability through pool access service, on-site stock at customer main base and selected outstations, as well as repair service to Asiana Airlines. Sang-Woo Noh, SVP Purchasing & Legal Affairs at … [Read more...] about Asiana signs FHS components contract with Airbus
Sept best month this quarter: WorldACD
September turned out to be the best month of this year's third quarter according to the latest statistics from WorldACD, with a worldwide volume growth of 1.9 per cent year-on-year (YoY) and a modest month-over-month (MoM) yield increase (in USD) of 0.4 per cent, the first such improvement since last February. The origin Africa trade continued to lead with a volume growth of four per cent, similar to this month's growth for the origins Europe and Asia Pacific. The Gulf Area recorded a volume … [Read more...] about Sept best month this quarter: WorldACD
Air cargo ends 2014 up 4.5% on 2013: IATA
The International Air Transport Association (IATA) released full-year air cargo data for 2014 showing 4.5 per cent demand growth compared to 2013 measured by freight tonne kilometres (FTKs), marking a "significant acceleration" from the 1.4 per cent recorded in 2013 over 2012. IATA said the air cargo market expansion gathered momentum as 2014 progressed with the year finishing on a positive note as growth in December accelerated to 4.9 per cent, compared to December 2013. The vast … [Read more...] about Air cargo ends 2014 up 4.5% on 2013: IATA