26 Nov 2018

USA Aviation Industry Newsletter 26 November

ATSG Delivers Boeing 767 Freighter to SkyTaxi of Poland Air Transport Services Group announced 20 November the delivery by its Cargo Aircraft Management subsidiary of a Boeing 767-200 converted freighter to SkyTaxi of Poland under a seven-year lease. Cargo Aircraft Management also has granted SkyTaxi an option to lease a second Boeing 767-200 freighter for delivery in 2019. Boeing, Jeju Air Announce Order for up to 50 737 MAX Airplanes Boeing and Jeju Air announced the airline is ordering 40 737 MAX 8 airplanes with options for 10 additional jets. The deal, valued at up to $5.9 billion at list prices, is the largest order ever placed by a Korean low cost carrier and reflects rising demand for air travel in South Korea. With Korea's growing commercial aviation market, we are excited to take the next step in expanding our business with the 737 MAX, a world-class airplane that will allow us to improve our operation and continue to provide a safe and enjoyable experience for our passengers," said Seok-Joo Lee, President and CEO of Jeju Air. "The 737 MAX 8 and its superior performance and economics make it an ideal airplane to implement our growth strategy as we look to expand beyond Asia in the coming years." Caribbean Airlines orders 12 Boeing 737 MAX 8 Aircraft Caribbean Airlines announced 21 November it has chosen to enhance and renew its single-aisle fleet with the Boeing 737 MAX 8. The carrier, which has long operated the B737 NG, will take delivery of 12 MAX airplanes in the coming years. The chairman of the airline, S. Ronnie Mohammed stated: “In 2019, we will place even greater focus on enhancing regional connectivity with more options to make our region more easily and affordably accessible. Also, to ensure that our longer-term growth strategy remains on track, I am thrilled to announce that in the fourth quarter of 2019, we will begin taking delivery of our new fleet, the B737 MAX. In addition to opening new markets, these new aircraft will provide us significant advantages on operating cost, specifically fuel and maintenance.” First Boeing 777X Flight Test Airplane Comes Together Boeing has brought together the major fuselage sections to form the first 777X airplane that will take to the skies in 2019. In a major production milestone called 'final body join,' Boeing teams connected the airplane's nose, mid and aft sections in the company's factory in Everett, Wash. The jet now measures 252 feet long (77 meters) from nose to tail, making it the longest passenger jet the manufacturer has ever produced. GOAL sells four Embraer E190-200 to a US Lessor GOAL German Operating Aircraft Leasing GmbH & Co. KG sold four Embraer E190-200 aircraft to US based lessor Regional One, Inc. The four aircraft are currently on operating leases to Air Europa, based in Majorca, Spain. Higher Fuel Prices Wipe Out U.S. Airlines' Revenue Gains Increases in jet fuel expenses completely offset the improvement in passenger revenues the nine publicly traded U.S. passenger airlines achieved in the first nine months of 2018, reported Airlines for America (A4A) v-p and chief economist John Heimlich. A 34 percent overall increase in the carriers’ jet fuel costs—90 percent of it resulting from higher fuel prices—accounted for 57 percent of the entire operating-expenses hike. Spirit AeroSystems Chief Financial Officer to Retire Spirit AeroSystems announced 21 November that Sanjay Kapoor, Executive Vice President and Chief Financial Officer, plans to retire in the first quarter of 2019. Kapoor has been in this role since he joined the company in August 2013. Acumen Aviation © 26 November 2018 All Rights Reserved.