While Asian carriers may have excess capacity in the short term, Steve Mason, vice president of aircraft analysis at CIT Aerospace, notes that since traffic is projected to grow by 6 per cent annually, the region will need approximately 13,000 new aircraft over the next 20 years. These views and others are presented in “Clear Skies or Turbulence Ahead for the Asian Aircraft Order Book?”, the latest piece of market intelligence to be featured in the CIT Executive Insights series. … [Read more...] about The future of Asian airline aircraft demand
aircraft order
Garuda orders 50 B737 MAX 8s
Garuda Indonesia has ordered 50 B737 MAX 8s, valued at US$4.9 billion. Boeing said that the carrier will purchase 46 737 MAX 8s and convert existing orders for four 737-800s to 737 MAX 8s. This revitalisation programme is due to the end of the lease term for the airline’s existing 12-year-average B737-800NG aircraft. Garuda will take delivery of its new B737 MAX 8 aircraft in stages, starting from 2017 through to 2023. The MAXs will be powered by CFM International LEAP-1Bs, the … [Read more...] about Garuda orders 50 B737 MAX 8s
