News

FARNBOROUGH, United Kingdom, /PRNewswire/ — Boeing [NYSE:BA] and VietJet [HOSE: VJC] signed a Memorandum of Understanding for an additional 100 737 MAX airplanes. The agreement, which includes 80 737 MAX 10s and 20 737 MAX 8s, is valued at more than $12.7 billion at current list prices. The Vietnamese low-cost carrier will become the largest MAX 10 customer in Asia once the deal is completed. VietJet plans to leverage the added capacity of the MAX 10 to satisfy surging demand on high-dense domestic routes, as well as on popular destinations throughout Asia. “We are excited to introduce Boeing’s newest 737 MAX 10 into our rapidly growing fleet. These new airplanes will fit perfectly into our growth strategy, providing the efficiency and range for VietJet to expand its route network and offer more international destinations for our customers and expand alliances across Asia Pacific, the fastest growing aviation market in the world,” said Madam Nguyễn Thị Phương Thảo, President and CEO of VietJet. As part of the agreement, Boeing would partner with VietJet to enhance technical and engineering expertise and the training of pilots and technicians in Vietnam, helping to further develop the commercial aviation ecosystem in the growing country. Boeing will also support VietJet in improving management capabilities at the airline and in the country. VietJet is Vietnam’s first privately-owned airline and is also the first low-cost carrier in the country. The airline is in the midst of bolstering its world-class fleet with highly efficient and capable airplanes that will allow for expansion of its regional network. In 2016, VietJet finalized an order for 100 high-capacity 737 MAX 8 airplanes, which set the mark for the largest-ever single commercial airplane purchase in Vietnam aviation. The 737 MAX family achieves superior fuel efficiency and range through the latest CFM International LEAP-1B engines, Advanced Technology winglets, and other improvements. The jet also features the signature Boeing Sky Interior and large flight deck displays. Source Boeing / Edited By Airline Adviser 08/12/18

FARNBOROUGH, United Kingdom, July 17, 2018 /PRNewswire/ — Boeing [NYSE:BA] and Aviation Capital Group (ACG) today announced an order for 20 737 MAX 8 airplanes the order, valued at $2.34 billion at list prices, raises ACG’s 737 MAX direct-buy order quantity to 100.

“The 737 MAX is core to our strategic growth plans, as the airplane continues to command strong interest in the marketplace,” said Khanh T. Tran, CEO of ACG. “This order expands our diverse portfolio, which includes three 737 MAX variants, providing us with more flexibility and some of the most advanced single-aisle jets to serve our customers.”

ACG first joined the 737 MAX family in 2012, placing orders for the MAX 8 and MAX 9. The lessor added to its portfolio last year by joining the launch group for the 737 MAX 10, the largest variant with the lowest operating cost per seat.

According to the Boeing 2018 Commercial Market Outlook released this week, airlines will need 31,360 new single-aisle airplanes, such as the 737 MAX, over the next 20 years. That represents a 6-percent increase over last year’s forecast. Analysts say the demand is fueled by the success of low-cost carriers and a big requirement for single-aisle jets for growth and replacement.

Source Boring / Edited By Airline Adviser 08/12/18

FARNBOROUGH, Boeing [NYSE:BA] and Vistara confirmed the joint venture between Singapore Airlines and Tata Group, has agreed to order six 787-9 Dreamliners, with options for four more jets at the 2018 Farnborough International Airshow.

The agreement, valued at $2.8 billion at current list prices, will enable Vistara to become the first operator of the 787-9 in India. In addition, the new Dreamliners will mark the first widebody airplanes for the Indian carrier and will help launch long-haul operations.

Source Boeing / Edited By Airline Adviser 08/12/18

 

FARNBOROUGH, United Kingdom /PRNewswire/ — Boeing [NYSE:BA] and Air Lease Corporation [NYSE: AL] today announced orders and commitments for up to 78 Boeing airplanes, including 75 737 MAX 8s and three 787-9 Dreamliner.

The order, valued at $9.6 billion at current list prices, expands ALC’s 737 MAX portfolio to 213 jets. The three 787-9s and the first 20 737 MAX airplanes of the order are firm purchases. The subsequent 55 737 MAX airplanes are commitments until both companies finalize them into firm orders.

In total, ALC has now placed orders and commitments for 361 Boeing airplanes since 2010, including 288 737s, 21 777s and 52 787 Dreamliner’s.

“Demand for reliable, fuel-efficient airplanes is at an all-time high. The capabilities of these new airplanes continue to meet the high expectations of our growing airline customer base,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation.

John Plueger, CEO and President of Air Lease Corporation added, “The economic and operating advantages of the 737 MAX and 787 Dreamliner will provide our airline customers with the competitive advantage they need.”

Source Boeing / Edited By Airline Adviser 08/12/18

FARNBOROUGH, United Kingdom /PRNewswire/ — Boeing [NYSE:BA] and Jet Airways confirmed that the Indian carrier placed an order for an additional 75 737 MAX 8 airplanes during a signing ceremony at the 2018 Farnborough International Airshow. The order, valued at $8.8 billion at current list prices, was previously posted as unidentified on Boeing’s Orders and Deliveries website.

This order for an additional 75 MAX airplanes helps the Indian carrier expand its network to meet surging demand in the fastest-growing aviation market in the world.

“Our latest order for 75 additional Boeing 737 MAX aircraft reflects our long-standing association with Boeing and reposes our faith in the aircraft they manufacture,” said Naresh Goyal, Chairman of Jet Airways. “The MAX will allow us to offer guests a superior and well differentiated experience using a modern, reliable and fuel-efficient fleet. The order also emphasizes Jet Airways’ commitment to the growth and potential of the Indian aviation market.”

In June, the Mumbai-based carrier took delivery of its first MAX, a new and improved 737 that delivers a double-digit improvement in fuel efficiency and improved passenger comfort. These new airplanes arrive into an Indian aviation market that continues to grow at significant rates. According to industry data, domestic air traffic in India has grown about 20 percent in each of the past four years.

Jet Airways is India’s second-largest airline with a fleet of nearly 120 airplanes serving more than 60 destinations in 15 countries across Asia, Europe and North America.

Source Boeing / Edited By Airline Adviser 07/28/18

FARNBOROUGH, United Kingdom /PRNewswire/ — Boeing (NYSE: BA) and GOL Airlines announced that the Brazilian carrier is adding the newest and largest member of the 737 MAX family with a new contract that converts 30 current MAX orders to the 737 MAX 10.

GOL also placed a new order for 15 more MAX 8 airplanes, growing GOL’s total MAX orders to 135. The Brazilian airline says the advanced airplanes will help GOL meet its commitment to further enhance operational efficiency by flying a young, modern and safe fleet.

“This new order aligns with our strategic policy of reducing operating costs by operating a standardized fleet. We are confident that the 737 MAX 10 will offer significant competitive advantages for GOL and enable us to continue to modernize with new aircraft. This airplane will allow us to continue lowering the cost of air travel across Brazil, as well as support a larger network, allowing us to add new destinations,” said Paulo Kakinoff, Chief Executive Officer of GOL. “We look forward to flying the MAX and taking advantage of its efficiency and improved passenger comfort.”

A 737 MAX 10 will enable GOL to comfortably serve more than 30 additional passengers compared to its 737 MAX 8, which seats up to 186 passengers in the airline’s configuration. The additional capacity will provide GOL greater flexibility and a competitive cost advantage since the MAX 10 will have the lowest cost per seat of any single-aisle airplane in the market.

GOL took delivery of its first 737 MAX airplane last month, kicking off a fleet renewal that will continue through 2028. The all-Boeing operator is set to be the largest MAX operator in Latin America.

Source Boeing / Edited By Airline Adviser 07/28/18

FARNBOROUGH, United Kingdom /PRNewswire/ — Boeing [NYSE: BA] and Goshawk Aviation Limited. announced an order for 20 737 MAX airplanes at the 2018 Farnborough International Airshow. The order, valued at $2.3 billion according to current list prices, marks the first time the aircraft lessor has purchased jets directly from Boeing.

“Placing direct order is a critical part of Goshawk’s overall growth strategy and we are pleased to have finalized our order with Boeing. The 737 MAX family is one of the best-in-class, modern and in-demand narrow-body aircraft with latest technologies which fit well with our focus,” said Brian Cheng, Chairman of Goshawk Aviation Limited and Executive Director of NWS Holdings Limited. “We believe the MAX’s double-digit fuel efficiency improvement, combined with longer range and market-leading reliability, will strengthen our portfolio and help us continue to deliver world-class, tailored solutions to our customers.”

The airplanes, previously listed as unidentified on Boeing’s Orders & Deliveries website, are sold to Goshawk Aviation Limited. Goshawk is based in Dublin, Ireland, and is expected to have an owned, managed and committed fleet of over 220 airplanes, including the direct order placed with Boeing.

Goshawk selected the MAX 8 variant. In a standard two-class configuration, the airplane carries 162 to 178 passengers and flies up to 3,550 nautical miles (6,570 kilometers). The airplane provides a 14-percent fuel efficiency gain compared to its predecessor, and 8 percent better than its competition.

Source Boeing / Edited By Airline Adviser 07/28/18

FARNBOROUGH, United Kingdom /PRNewswire/ — Boeing [NYSE: BA] and TAROM (Romanian Air Transport), the national carrier of Romania, announced they signed an order for five 737 MAX 8 airplanes. The $586 million order, at current list prices, was previously listed as unidentified on Boeing’s Orders & Deliveries website.

“This is an exciting time for TAROM as we upgrade our fleet and build strong partnerships that will benefit all of our passengers,” said Wolff Werner-Wilhelm, TAROM Airlines CEO. “The 737 MAX will provide our customers with exceptional performance, reliability and efficiency, with an extended range that will enable us to better serve our current routes and open new markets. This new acquisition represents a true statement of change for TAROM.”

The 737 MAX 8 incorporates the latest CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency and reliability in the single-aisle airplane market. The jet also features the Boeing Sky Interior, which provides larger overhead bins and other comforts to elevate the passenger experience.

Along with the acquisition of airplanes, TAROM will purchase a landing gear exchange program from Boeing Global Services along with outfitting their Next-Generation 737 fleet with the Maintenance Performance Toolbox, an online technical documentation management solution, which helps Engineering and Maintenances crews to efficiently perform and record repairs.

Source Boeing / Edited By Airline Adviser 07/28/18

FARNBOROUGH, United Kingdom /PRNewswire/ — Boeing [NYSE:BA] and United Airlines announced the carrier has expanded its commitment to the 787 Dreamliner program with a repeat order for four more 787-9 airplanes. The deal, valued at about $1.1 billion per current list prices, was finalized this year and was listed as unidentified on Boeing’s Orders & Deliveries website.

“These new 787 aircraft are another step in our wide-body replacement strategy, and we will continue to roll out new announcements in the future as we implement our comprehensive fleet plan,” said Gerry Laderman, United’s senior vice president of finance and acting chief financial officer. “The 787 allows us to provide our customers with an industry-leading on-board experience and continues to be a vital part of our fleet.”

The 787-9 is the longest-range Dreamliner with the ability to fly up to 7,635 nautical miles (14,140 kilometers), while using 20 percent less fuel than older generation airplanes. In United’s three-class configuration, the 787-9 seats about 250 passengers. The Chicago-based carrier also operates the smaller 787-8 and will be the North American launch customer of the larger 787-10.

United Airlines is one of the leading global carriers that have taken full advantage of the Dreamliner’s superior range and fuel efficiency, having deployed the 787 on some of the longest routes such as Houston to Sydney and San Francisco to Singapore. In all, the 787 Dreamliner family has made possible more than 180 new non-stop routes.

With this latest purchase, United Airlines has now ordered 55 787 Dreamliners. Nearly half of all 787 customers have placed repeat orders for the airplane. The 787 is the fastest selling twin-aisle airplane in history with nearly 1,400 sold and more than 700 delivered to customers. Since entering service in 2011, the 787 family has flown more than 255 million passengers while saving an estimated 25 billion pounds of fuel.

Source Boeing / Edited By Airline Adviser 07/27/18

FARNBOROUGH, United Kingdom /PRNewswire/ — Boeing [NYSE: BA] and Jackson Square Aviation (JSA) announced the leasing company has ordered 30 737 MAX airplanes in its first direct purchase from a jet maker, reflecting the evolution of the airplane lessor’s business and its confidence in the market for 737 MAXs.

The two companies unveiled the $3.5 billion deal – per current list prices – during a signing ceremony at the 2018 Farnborough International Airshow. The order, previously unidentified on Boeing’s Orders & Deliveries website, represents the 100th customer for the 737 MAX program.

Since its founding in 2010, San Francisco-based Jackson Square Aviation has grown steadily by buying new technology airplanes from airlines globally through sale-leaseback financing and pre-delivery payment financing agreements. The stable model has served JSA well as it has built a portfolio of more than 180 jets with long and balanced lease terms placed with 49 customers in 27 countries.

“We are proud to support this important transaction between Jackson Square Aviation and Boeing,” said Naoki Sato, the managing executive officer of Mitsubishi UFJ Lease & Finance Company (MUL) and the chairman of Jackson Square Aviation. “This order reflects our strong confidence in the continued growth of the aviation sector and in the leadership of JSA.”
Jackson Square Aviation chose the 737 MAX 8, which offers 162 to 178 seats in a standard two-class configuration and flies up to 3,550 nautical miles (6,570 kilometers), while improving fuel efficiency 14 percent over its predecessor.

The 737 MAX family incorporates the latest CFM International LEAP-1B engines, Advanced Technology winglets, Boeing Sky Interior, large flight deck displays and other features to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

About Jackson Square Aviation

Jackson Square Aviation (JSA) is a full-service commercial aircraft lessor based in San Francisco, California. It provides a variety of fleet and financial solutions to airlines such as sale and leaseback financing, PDP financing, and leasing solutions from its existing fleet. JSA’s experienced, international and professional staff is committed to meeting airlines’ evolving needs worldwide. Leveraging its extended relationships in the aviation and financial sectors, JSA offers fleet and capital flexibility vital to airlines’ fleet replacement and expansion. JSA is a member of the Mitsubishi UFJ Lease & Finance Company Limited (MUL) group of companies. MUL is a prominent global leasing company based in Japan and publicly listed on the Tokyo and Nagoya Stock Exchanges.

Source Boeing / Edited By Airline Adviser 07/27/18

Oman’s first budget airline, Salam Air, has signed an agreement to add six new A320neo aircraft to its fleet, of which five are on lease from an undisclosed lessor.

SalamAir is owned by the Muscat National Development and Investment Company (ASAAS) and other Omani private investors. The airline launched services on 30 January 2017 and today operates close to 120 flights per week across 14 regional and global destinations. As an all-Airbus operator, Salam Air currently operates a fleet of three A320ceo aircraft.

The new fleet will support the low-cost airline’s plans to increase connectivity across the regions under-served and popular short to medium-haul routes.

SalamAir’s Chief Executive Officer, Captain Mohamed Ahmed said, “In less than 18 months since our launch we have connected over half a million passengers across the globe and we continue to gain momentum as a leading budget carrier. With the new A320neo addition to our fleet we look forward to building on this success and expand to new markets while guaranteeing a great travel experience for our passengers.”

Eric Schulz, Airbus Chief Commercial Officer said: “As a home-grown brand Salam Air has demonstrated huge potential by addressing Oman’s demand for affordable travel options. The new Airbus A320neo is the best in the industry and will allow the carrier to achieve lower operating costs, greater fuel efficiency and offer the highest standard of passenger’s comfort.”

Source Airbus / Airline Adviser 07/27/18

An affiliate of Macquarie AirFinance Group Limited, a wholly owned subsidiary of Macquarie Group Limited, listed in Australia, has placed a firm order for 20 A320neo aircraft to add to its existing portfolio of 119 Airbus aircraft (110 A320 Family and nine A330). This first time order for the A320neo, makes Macquarie AirFinance Group the newest customer for the type and re-enforces the appeal of the world’s bestselling single aisle Family.

Source Airbus / Edited By Airline Adviser 07/27/18

 

Airbus has announced the signature of a Memorandum of Understanding with a leading global lessor for 80 A320neo Family aircraft. The agreement was completed during the Farnborough Airshow. The commitment re-enforces the appeal of the world’s bestselling single aisle Family to aircraft leasing companies.

Source Airbus / Edited By Airline Adviser 07/27/18

Goshawk Aviation Limited, the 50/50 joint venture between Hong Kong-based conglomerate NWS Holdings Limited and Chow Tai Fook Enterprises Limited, has placed a firm order for 20 A320neo.

Goshawk Aviation is based in Dublin, Ireland, and has an owned, managed and committed fleet of over 220 aircraft including the direct order with Airbus. Goshawk has more than 120 Airbus aircraft in its portfolio (A320 Family including NEO, A330 Family including NEO and A350-900) and the order for A320neo re-enforces the appeal of the world’s bestselling single aisle Family.

Source Airbus / Edited By Airline Adviser 07/27/17

Golden Falcon Aviation, the exclusive aircraft provider of Wataniya Airways, has confirmed an order for 25 Airbus A320neo family aircraft. The order follows an earlier MoU announced at last year’s Dubai Airshow.

The firm order was signed during the Farnborough International Airshow by Rakan Al-Tuwaijri, Chief Executive Officer of Golden Falcon Aviation, and Eric Schulz, Airbus Chief Commercial Officer.

Wataniya Airways resumed operations in July 2017 and currently operates a fleet of four A320 family aircraft serving destinations in the Middle East, Europe, Africa and Asia from its home base in Kuwait. The A320neo family aircraft will support the airline’s vision to become the fastest growing and leading airline in the country.

Featuring the widest single aisle cabin in the sky, the efficient A320neo Family incorporates the very latest technologies including new generation engines and Sharklets, which together deliver more than 15 percent fuel and CO2 savings from day one and 20 percent by 2020 as well as 50 percent noise reduction. With more than 6,100 orders received from over 100 customers, the A320neo Family has captured some 60 percent share of the market.

Source Airbus / Edited By Airline Adviser 07/27/18