Indonesia’s Lion Air will become the world’s largest operator of ATR turboprops with an order for 27 ATR 72-600s. The order, valued at $610 million and announced today at the Singapore Airshow, will bring Lion Air’s ATR fleet to 60 aircraft. The 68 to 74 seat turboprops will be operated by regional subsidiary Wings Air.
Qantas will slash 500 jobs and launch a review of maintenance operations likely to lead to more cuts and the shutting of maintenance facilities after announcing an 83 per cent drop in half yearly profits today. The airline said its underlying pre-tax profits for the six months ending December 31 fell to $202 million, down
The Asia-Pacific region will overtake North America and Europe as the world’s largest aircraft market with carriers taking delivery of about US$1.3 trillion worth of new planes over the next 20 years, according to a market forecast released by Airbus today during the Singapore Airshow. Airbus predicts the region’s airlines will take delivery of 9370
Boeing and Indonesia’s Lion Air today finalised a record order for 230 737 airliners. The deal, worth US$22.4 billion at list prices, was first announced in November. The order includes 201 737 MAX and 29 737-900ER aircraft plus purchase rights for 150 additional planes. The eye opening deal — Lion Air currently operates a fleet
Kuwait based leasing company ALAFCO has ordered 35 additional Airbus A320neo aircraft on top of an order of 50 announced late last year at the Dubai Airshow. In a statement, ALAFCO said it had upped its order in response to strong demand for the aircraft. “The A320neo is the market’s favourite single-aisle aircraft family,” CEO
China’s Minsheng Financial Leasing Co. has ordered three Embraer Lineage 1000 ultra-large executive jets in a deal announced at the Singapore Airshow. The deal builds on a memorandum of understanding signed in July 2011. Minsheng, one of China’s largest jet leasing companies, is scheduled to begin taking deliveries of the planes this year. Embraer’s top-of-the-line
