Aircraft Manufacturers

IATA ups '09 forecast with $4.7B industry loss

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Estimated losses for the global air industry are expected to nearly double from December's forecast for 2009 as air carriers grapple with the worst crisis in over 60 years, with the International Air Transport Association (IATA) saying a significant recovery in 2010 would "require more optimism than realism". The IATA has announced a revised outlook for the global air transport industry with losses of US$4.7 billion in 2009, significantly worse than its December forecast of US$2.5 billion in … [Read more...] about IATA ups '09 forecast with $4.7B industry loss

FedEx MD-11 crashes while landing at Narita

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A FedEx cargo aircraft en route from China has crashed this morning while attempting to land at Tokyo’s Narita airport in strong winds, bursting into flames and killing two pilots on board. The FedEx MD-11 was coming from Guangzhou, China, and crashed at 6:49 AM local time, according to the Japanese transport ministry. Television footage showed the three-engine wide-body aircraft tip sideways shortly after touch-down in strong winds and then, as one of its wings clipped the ground at … [Read more...] about FedEx MD-11 crashes while landing at Narita

OECD cuts China’s growth figure again

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The Organisation for Economic Cooperation and Development (OECD) will cut its 2009 economic growth projection for China to below 6.5 per cent, the Wall Street Journal reported. The OECD's previous forecast, made in November, was 8 per cent, but Richard Herd, the organisation's chief economist, said it was unlikely China will achieve this goal. Last week, the World Bank revised its projection for China's GDP growth to 6.5 per cent from 7.5 per cent. Herd said the OECD's revised figure, which is … [Read more...] about OECD cuts China’s growth figure again

OECD cuts China's growth figure again

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The Organisation for Economic Cooperation and Development (OECD) will cut its 2009 economic growth projection for China to below 6.5 per cent, the Wall Street Journal reported. The OECD's previous forecast, made in November, was 8 per cent, but Richard Herd, the organisation's chief economist, said it was unlikely China will achieve this goal. Last week, the World Bank revised its projection for China's GDP growth to 6.5 per cent from 7.5 per cent. Herd said the OECD's revised figure, which is … [Read more...] about OECD cuts China's growth figure again

Final flight test B787 in final assembly

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The sixth and final Boeing 787 Dreamliner designated for flight test is now undergoing final assembly in Everett, Washington, the airframe manufacturer said this week. It said progress continues on the fleet with the first flight test airplane, ZA001, getting its paint touched up this week before finishing factory testing. Power was brought onto the second airplane, ZA002, in late February and build verification tests are progressing well. Production work continues on ZA003, ZA004 and ZA005. In … [Read more...] about Final flight test B787 in final assembly

China Eastern sold/leased-back six freighters

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China Eastern Airlines (CEA) has recently announced that it reached agreement in August of 2007 for the sale and lease back of six Boeing MD-11 freighters to the aircraft leasing unit of General Electric (GE), Dow Jones reported. The Shanghai-based carrier said it sold the six wide-body aircraft to GE Commercial Aviation Services Ltd. for US$36 to $46 million each. As part of the transaction, China Eastern agreed to lease the planes back from the purchaser for up to 38 months from the date of … [Read more...] about China Eastern sold/leased-back six freighters