Boeing has projected a demand for 6,810 new aircraft in the country over the next 20 years, including nearly 600 freighters - both newbuild and converted. Boeing released its annual China Current Market Outlook (CMO) today in Beijing, estimating the total value of these new aircraft - passenger and cargo - at US$1.025 trillion. China becomes the first trillion dollar aviation market in Boeing's forecast. Driven by China's growing e-commerce business – already the largest in the world – air … [Read more...] about China becomes world’s first trillion dollar aviation market
forecast
China becomes world's first trillion dollar aviation market
Boeing has projected a demand for 6,810 new aircraft in the country over the next 20 years, including nearly 600 freighters - both newbuild and converted. Boeing released its annual China Current Market Outlook (CMO) today in Beijing, estimating the total value of these new aircraft - passenger and cargo - at US$1.025 trillion. China becomes the first trillion dollar aviation market in Boeing's forecast. Driven by China's growing e-commerce business – already the largest in the world – air cargo … [Read more...] about China becomes world's first trillion dollar aviation market
Middle East forecast to need 3,180 new aircraft over next 20 years
Boeing forecasts airlines in the Middle East will require 3,180 new aircraft over the next 20 years, valued at an estimated US$730 billion, with 70 per cent of the demand expected to be driven by rapid fleet expansion in the region. According to the Boeing Current Market Outlook (CMO), single-aisle aircraft such as the B737 MAX will command the largest share of new deliveries, with airlines in the region needing approximately 1,410 aircraft. Wide-body aircraft will account for a little … [Read more...] about Middle East forecast to need 3,180 new aircraft over next 20 years
JAL’s profit drops despite strong cargo revenue
Japan Airlines (JAL) reported a 3.1 per cent YoY drop in group net profit for the first three quarters of fiscal 2014, to 119.684 billion yen (US$1.01 billion), despite a nearly double-digit rise in international cargo revenue. Despite the fall in profit, JAL raised its full-year earnings forecast to a net profit of 139 billion yen - against a previous projection of 135 billion yen - owing to falling fuel costs and stronger revenue in its cargo business. … [Read more...] about JAL’s profit drops despite strong cargo revenue
JAL's profit drops despite strong cargo revenue
Japan Airlines (JAL) reported a 3.1 per cent YoY drop in group net profit for the first three quarters of fiscal 2014, to 119.684 billion yen (US$1.01 billion), despite a nearly double-digit rise in international cargo revenue. Despite the fall in profit, JAL raised its full-year earnings forecast to a net profit of 139 billion yen - against a previous projection of 135 billion yen - owing to falling fuel costs and stronger revenue in its cargo business. … [Read more...] about JAL's profit drops despite strong cargo revenue
IATA: Tonnage up but rates to shrink in 2015
The International Air Transport Association (IATA) announced an outlook for improved industry profitability in its Economic Performance of the Air Transport Industry report. Airlines are expected to post a collective global net profit in 2014 of some US$19.9 billion (up from the US$18.0 billion projected in June). This looks set to rise to US$25.0 billion in 2015. Lower oil prices and stronger worldwide GDP growth are the main drivers behind the improved profitability. Consumers will … [Read more...] about IATA: Tonnage up but rates to shrink in 2015
