Dubai-based lessor, LCAL, established in 2004 to buy and lease 787s, cut its Dreamliner order from 21 aircraft to five. The 16 cancellations are another blow to the ongoing troubles surrounding the Dreamliner and are valued at US$2.8 billion. This is the second big 787 order cut revealed in the last two weeks after Russia's S7 confirmed last week that it had cancelled its order for 15 Dreamliners. … [Read more...] about Dubai lessor cuts 787 order
Aircraft Manufacturers
S7 cancels Dreamliners
Russian airline S7 has cancelled a contract to buy 15 Boeing 787 Dreamliners for delivery in 2014 and will seek to lease the planes instead. "S7 retains interest in using the Dreamliner and wants to take the planes under a leasing scheme at an earlier date, for which it is in negotiations with several leasing companies," the airline said. … [Read more...] about S7 cancels Dreamliners
AVIC launches commercial engine company
China moved closer to its stated ambition of manufacturing a large commercial passenger aircraft with Aviation Industries of China's (AVIC), launch of its commercial engine company in Shanghai recently. AVIC President Lin Zuoming said the new venture will produce engines for a domestically produced150-seat commercial aircraft known as the "trunk liner". AVIC holds 40 per cent of the new company with Shanghai Electric Group and Shanghai Guosheng Group each holding 15 per cent. AVIC has put the … [Read more...] about AVIC launches commercial engine company
Airbus tops Boeing deliveries in ’08 but predicts soft ’09
European aircraft maker Airbus once again took top spot in global airliner production for the sixth year running in 2008, with a 7 per cent rise in deliveries, to a record 483 planes. Deliveries comprised 386 A320 family aircraft, 85 A330s/A340s and 12 A380s. Its US rival, Boeing, delivered 375 planes in 2008 after a machinists' strike halted commercial aircraft production for 58 days. Airbus booked 777 net aircraft orders in 2008, down from 900 after 123 cancellations, topping Boeing's 662 net … [Read more...] about Airbus tops Boeing deliveries in ’08 but predicts soft ’09
Airbus tops Boeing deliveries in '08 but predicts soft '09
European aircraft maker Airbus once again took top spot in global airliner production for the sixth year running in 2008, with a 7 per cent rise in deliveries, to a record 483 planes. Deliveries comprised 386 A320 family aircraft, 85 A330s/A340s and 12 A380s. Its US rival, Boeing, delivered 375 planes in 2008 after a machinists' strike halted commercial aircraft production for 58 days. Airbus booked 777 net aircraft orders in 2008, down from 900 after 123 cancellations, topping Boeing's 662 net … [Read more...] about Airbus tops Boeing deliveries in '08 but predicts soft '09
EADS drops US acquisition to save money
European aerospace group EADS said it had abandoned a "significant" acquisition in the US in order to conserve cash and support Airbus plane sales to crisis-hit airlines. The Airbus parent company is under pressure to offer financing to buyers to ensure they honour contracts. Both Airbus and rival Boeing saw new plane business roughly halve last year after a record 2007 as airlines faced first a record spike in oil prices and then a slump in passenger and cargo demand. "We want to protect cash … [Read more...] about EADS drops US acquisition to save money
