Earlier this month Air New Zealand said it would buy four new Boeing 777-300 aircraft to replace older planes and allow it to take on new international routes into Asia. It has also held its fuel surcharge, despite moves by Qantas, British Airways and Singapore Airlines to raise their charges in response to higher jet fuel costs. In January, Air New Zealand cut domestic fares by up to 26 percent in a bid to increase passenger numbers, which it said would offset any impact on profit margins. Aug 28, 2007ATR and Batavia Air signed a contract for 10 ATR72-500s plus 10 options, the manufacturer announced, marking its first order from an Indonesian carrier. Batavia will fly the 74-seat turboprops on regional routes currently operated with Airbus and Boeing narrowbodies. Deliveries will extend until 2010, ATR said, adding that the Batavia Training Academy is "considering" acquisition an ATR flight simulator. Aug 27, 2007
Aviation Capital Group completed a private debt offering of $270 million of senior unsecured notes to institutional investors. Merrill Lynch & Co. and Calyon Securities were the joint lead placement agents and HSH N Financial Securities LLC was the co-agent for the offering. Proceeds will be used to refinance existing secured debt and pre-fund future aircraft purchases. Aug 31, 2007
Hf. Eimskipafelag Islands, formerly Avion Group, reached agreement for the disposal of its remaining 49% holding in Avion Aircraft Trading to Artic Partners. Artic, which is controlled by AAT Chairman Hafthor Hafsteinsson, AAT board member Arngrimur Johannsson and other AAT managers, acquired an initial 51% last October. Eimskip said sales proceeds amounted to $28 million and the profit on disposal before tax is estimated to be $24 million. Eimskip, parent company of ACMI provider Air Atlanta Icelandic, announced its intent to sell its AAT stake in May as part of its strategy to dispose of aviation-related assets. The sale of Air Atlanta is being undertaken along with airline managers and associated consultants. Aug 28, 2007
AZAL took delivery of its first ATR42-500, part of a $100 million contract signed in January for two ATR42-500s and four ATR72-500s. The Baku-based carrier will take delivery of its first ATR72-500 later this year and the remainder in 2008. Aug 27, 2007
Boeing and Xiamen Airlines identified the Xiamen, China-based carrier as the customer for 25 Next-Generation 737-800s listed as unidentified on Boeing's Orders & Deliveries Web site in early August. The order is worth $1.9 billion at 2007 average list prices. Boeing and Xiamen Airlines today also celebrated the delivery of a 737-800 which will enter Xiamen Airlines' all-Boeing fleet. In December 2005, Xiamen set a milestone when its order for 10 737-800s took the 737 family past the historic 6000th order mark. The airplane delivered today is one of the 10 ordered in 2005. Aug 31, 2007
Bombardier Aerospace reported EBIT of $133 million for the second fiscal quarter ended July 31, double the $66 million earned in the year-ago period. Revenue was up 15.8% to $2.21 billion. Company officials attributed the increase to higher manufacturing revenues for business and regional aircraft and more deliveries of pre-owned regional aircraft. Net orders for the second quarter more than doubled to 187 from 77. Bombardier delivered 78 aircraft compared to 75 in the year-ago period. Backlog increased 38% since the beginning of the fiscal year to what it described as a "historically high level" of $182.2 billion. It will boost production of CRJ700s/900s from one every five days to one every four. During the current FY it expects to produce 50 CRJs, ramping up to an estimated 57 in FY09. Aug 30, 2007
Bombardier reported a net loss of $71 million for the second quarter compared to net income of $58 million a year ago owing to a writeoff in its investment in a subway unit based in the UK. Consolidated revenue grew 14.8% to $4.04 billion. Aug 30, 2007
Dassault Net Profit Up 46 Percent. Dassault Aviation said on Thursday first-half net attributable profit rose to EUR184 million euros from EUR126 million. Net operating income rose to EUR231 million from EUR156 million on net sales up to EUR1.79 billion from EUR1.409 billion in the first half of last year. The company's order book reached EUR14.05 billion, up from EUR12.81 billion at the end of 2006, with Falcon business jets making up 71 percent and military combat planes the rest. Dassault, which also makes the Mirage and Rafale fighters, delivered 29 Falcon business jets in the first half and took orders for 87. Aug 30, 2007
EgyptAir signed a contract for five firm A330-200s plus three options, Airbus announced. The airline said the purchase will allow it "to continue its impressive route network growth." No engine choice or delivery schedule were announced. Aug 28, 2007
ILFC announced the following lease contracts: Bangkok Airways for one new Airbus A319-100 for six years with delivery in January 2009; Zoom Airlines for one used Boeing 757-200ER for four years and eight months with delivery in February 2008; Air Austral for two new 777-300ERs for eight years each with delivery in February and March 2009; Kenya Airways for one new 737-800 for eight years with delivery in October 2008; Eos Airlines for one used 757-200ER for five years with delivery in April 2009; Aerolineas Argentinas for one used A340-300 for six years with delivery this October; Iberia for one used A340-300 for six years with delivery this November. Aug 27, 2007
Norwegian Air Places USD$3.1 Bln Boeing Order. Norwegian Air Shuttle has ordered 42 Boeing 737-800s with a list price of USD$3.1 billion and secured rights to buy 42 more of the same model, the company said on Thursday. The planes will be delivered between 2009 and 2014, with about 10 planes to come each year, and will supplement 11 Boeing 737-800s that Norwegian ordered in May this year. Aug 30, 2007
Shanghai Airlines said it plans to buy five Airbus A321 planes from Airbus to expand its fleet. The moves were approved by the company's board to help expand the company's fleet, improve service and cut costs, Shanghai Airlines said in a notice to the Shanghai Stock Exchange. The actual price of the five Airbus jets will be below the catalog price of about US$370 million (¤272 million), said the Shanghai-based carrier. Delivery of the planes is expected between 2011 and 2012. Aug 31, 2007
Shanghai Airlines said it will sell four Boeing aircraft, which have a total book value of US$63.24 million (¤46.5 million), to aircraft leasing company Aircastle Ltd. for US$66 million (¤48.5 million). It will lease them back from Aircastle to leverage use of its assets, the airline said. With air traffic demand expected to grow 9 percent a year, according to industry estimates, China is forecast to take more than 3,000 new jet deliveries over the next two decades. Aug 31, 2007
TAM placed an order for four additional 777-300ERs, taking its commitment to the type to eight. Its first aircraft is scheduled for delivery in June 2008. Boeing said the order pushed all-time sales of the 777 past 1,000. Aug 30, 2007
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