News 11 of May 2018
Etihad has loss of US $2Billion
UAE Airline Etihad has made a loss to the total of US$2Billion after investing in Alitalia (Which has long failed) and Air Berlin (which ceased operations in 2017) and may have to cancel orders or delay deliveries of its 166 planes including 62 A350's, 52 787's, 26 777's (including 1 cargo) and 26 A321neo's. They ordered these after Qatar and Emirates started expanding hugely and Etihad had no over choice but to keep competitive and as well as purchasing lots of aircraft they started dumping routes and operating others less-frequently so they are now re-considering their strategy. Meanwhile...
Emirates makes $1 Billion profit
UAE carrier Emirates has reported record profits of $1billion despite higher fuel prices and the purchase of over $31 Billion worth of aircraft including 40 787's and 36 A380s. To read the full article click the link: Emirates.com
New 787/A350 Hybrid?
Chinese aircraft manufacturer Comac has unveiled designs for their version of the 787/A350. It will be called The CR929. General Electric and Rolls-Royce are likely to bid on having their engines fitted. To be honest, though, I don't think it will be a success. check out next Tuesdays IMO for my full thoughts on this.
Aircraft manufacturers to lose around $40 Billion
Aircraft manufacturers Airbus, ATR and Boeing are going to lose an order worth, combined, US $40 Billion after The US pulled out of the nuclear agreement which now means that Iran Air cannot buy from US companies. The reason ATR and Airbus are restricted as well is because some of Airbus and ATR's workforce is supplied by American companies, also, General Electric is based in America. The order from Iran Air made a total of 109 aircraft including 12 ATR72, 6 A320, 7 A321, 32 A320neo, 8 A330, 38 A330neo and 16 A350s.
Lufthansa group orders:
Lufthansa has ordered 2 777-300ER for Swiss 2 777 Cargo freighters for Lufthansa to replace the MD11's and 12 A320s for Lufthansa on top of their 91 A320/A321neo's, 16 A350s and 20 777's which were made earlier.
Thank you for viewing, sorry it's late, I was really busy. As usual, if you have any aviation news to share please leave a comment below, also if you have any inaccuracies or updates also leave a comment below.
Etihad has loss of US $2Billion
UAE Airline Etihad has made a loss to the total of US$2Billion after investing in Alitalia (Which has long failed) and Air Berlin (which ceased operations in 2017) and may have to cancel orders or delay deliveries of its 166 planes including 62 A350's, 52 787's, 26 777's (including 1 cargo) and 26 A321neo's. They ordered these after Qatar and Emirates started expanding hugely and Etihad had no over choice but to keep competitive and as well as purchasing lots of aircraft they started dumping routes and operating others less-frequently so they are now re-considering their strategy. Meanwhile...
Emirates makes $1 Billion profit
UAE carrier Emirates has reported record profits of $1billion despite higher fuel prices and the purchase of over $31 Billion worth of aircraft including 40 787's and 36 A380s. To read the full article click the link: Emirates.com
New 787/A350 Hybrid?
Chinese aircraft manufacturer Comac has unveiled designs for their version of the 787/A350. It will be called The CR929. General Electric and Rolls-Royce are likely to bid on having their engines fitted. To be honest, though, I don't think it will be a success. check out next Tuesdays IMO for my full thoughts on this.
Aircraft manufacturers to lose around $40 Billion
Aircraft manufacturers Airbus, ATR and Boeing are going to lose an order worth, combined, US $40 Billion after The US pulled out of the nuclear agreement which now means that Iran Air cannot buy from US companies. The reason ATR and Airbus are restricted as well is because some of Airbus and ATR's workforce is supplied by American companies, also, General Electric is based in America. The order from Iran Air made a total of 109 aircraft including 12 ATR72, 6 A320, 7 A321, 32 A320neo, 8 A330, 38 A330neo and 16 A350s.
Lufthansa group orders:
Lufthansa has ordered 2 777-300ER for Swiss 2 777 Cargo freighters for Lufthansa to replace the MD11's and 12 A320s for Lufthansa on top of their 91 A320/A321neo's, 16 A350s and 20 777's which were made earlier.
Thank you for viewing, sorry it's late, I was really busy. As usual, if you have any aviation news to share please leave a comment below, also if you have any inaccuracies or updates also leave a comment below.
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