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Airbus Set to Increase A350 Production to 12 Units Monthly

By | 2024-04-26T17:18:25-04:00 April 26th, 2024|@AirGuide Business, Aircraft Business, Aircraft Engines & Suppliers, Airline Business|

Toulouse-based Airbus is set to boost production of its A350 aircraft to 12 units per month by 2028, a move driven solely by surging consumer demand and not by the challenges faced by its U.S. competitor Boeing, according to Airbus Chief Financial Officer Thomas Toepfer. Speaking to CNBC's Charlotte Reed, Toepfer emphasized that Airbus's decision [...]

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Airbus Posts Weaker Than Expected Q1 Operating Profit, Reaffirms 2024 Financial Goals

By | 2024-04-25T13:39:29-04:00 April 25th, 2024|@AirGuide Business, Aircraft Business, Aircraft Engines & Suppliers|

Airbus reported a first-quarter operating profit and cashflow lower than anticipated, partially due to increased staffing to prepare for rising demand. However, the aerospace giant reaffirmed its financial objectives for 2024 after facing initial challenges in the year regarding industrial costs. Despite the shaky start, Airbus announced a higher output target for its wide-body A350 [...]

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Airbus in Talks with China Over Potential Aircraft Order Ahead of Xi Jinping’s France Visit

By | 2024-04-25T13:41:44-04:00 April 25th, 2024|@AirGuide Business, Aircraft Business, Airline Business, Government & Regulatory|

Shanghai, China – September 28, 2019: A320 China Eastern Airlines Airbus A321 airplane at Shanghai Hongqiao Airport (SHA) in China. Airbus is a European aircraft manufacturer based in Toulouse, France. Airbus is reportedly in discussions with China regarding a potentially significant aircraft order ahead of an upcoming visit to France by Chinese President Xi Jinping, [...]

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Airbus Secures Waiver from Canadian Titanium Sanctions Amid Ukraine Conflict

By | 2024-04-25T16:40:01-04:00 April 24th, 2024|@AirGuide Business, Aircraft Business, Aircraft Engines & Suppliers|

Airbus has obtained a crucial waiver from Canada, permitting the aerospace giant to continue using Russian titanium in its aircraft manufacturing. This development comes after Canada, the first Western nation to do so, imposed a ban on Russian titanium as part of its latest sanctions package in response to the ongoing conflict in Ukraine. The [...]

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Boeing Provides $425 Million in Advance Payments to Spirit AeroSystems Amid 737 MAX Production Challenges

By | 2024-04-25T16:40:02-04:00 April 24th, 2024|@AirGuide Business, Aircraft Business, Aircraft Engines & Suppliers|

Boeing has agreed to forward $425 million in advance payments to Spirit AeroSystems to help the supplier manage increased inventory levels and reduced cash flow. This financial assistance comes in response to the U.S. aviation regulator's decision to limit Boeing's 737 MAX production rates. The financial support aims to stabilize Spirit AeroSystems' operations as it [...]

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Nigeria Suspends Dana Air Operations Following Safety Incident and Financial Concerns

By | 2024-04-25T16:40:02-04:00 April 24th, 2024|@AirGuide Business, Aircraft Business, Airline Business, Government & Regulatory, Safety|

Nigeria's aviation authority has grounded Dana Air after a recent incident involving a runway excursion at Lagos Airport, prompting concerns over the airline's safety practices and financial stability. The directive, issued by Aviation Minister Festus Keyamo, mandates an immediate suspension of the airline's operations to allow for a comprehensive audit. The Nigerian Civil Aviation Authority [...]

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Morobe Province in Papua New Guinea Launches Own Airline, Morobe Wings, to Serve Remote Areas

By | 2024-04-25T16:40:03-04:00 April 24th, 2024|@AirGuide Business, Aircraft Business, Airline Business, Airport Business, Government & Regulatory|

The government of Morobe Province in Papua New Guinea has announced the creation of a new airline, Morobe Wings (Lae Nadzab), aimed at enhancing air transport services for the region's remote communities. The provincial government plans to purchase a DHC-6 aircraft for PGK6 million (USD1.6 million) to facilitate this initiative. Governor Luther Wenge, speaking to [...]

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Boeing’s Attempt to Reacquire Spirit AeroSystems Faces Airbus Obstacle

By | 2024-04-25T16:40:03-04:00 April 23rd, 2024|@AirGuide Business, Aircraft Business, Aircraft Engines & Suppliers|

Boeing's endeavor to regain ownership of Spirit AeroSystems Holdings, a move aimed at reversing a divestment made in 2005, is encountering challenges related to the valuation of factories producing components for Airbus. According to sources familiar with the situation, as reported by Bloomberg News on Tuesday, this hurdle has stalled Boeing's efforts to proceed with [...]

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AirAsia Cambodia Launches with First Aircraft, Sets Sights on Expanding Domestic and International Services

By | 2024-04-25T16:40:03-04:00 April 23rd, 2024|@AirGuide Business, Aircraft Business, Airline Business|

AirAsia Cambodia has officially introduced its first aircraft, an A320-200 with registration XU-819, as it prepares to commence revenue operations in May 2024. The aircraft arrived in Phnom Penh on April 20 from Jakarta Soekarno-Hatta and is one of two planes the airline plans to station at the airport during its initial launch phase. The [...]

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Slovenia’s United Eagle Expands Fleet with Acquisition of First Citation CJ2+

By | 2024-04-25T16:40:03-04:00 April 23rd, 2024|@AirGuide Business, Aircraft Business, Business & Private Aviation|

Slovenia-based United Eagle has recently expanded its fleet by acquiring its first Cessna Citation Jet CJ2+, marking a significant addition to its range of aircraft. The jet, registered as S5-CEU and bearing the manufacturer serial number 525A-0387, successfully completed its ferry flight from Calgary, Canada, to Ljubljana, Slovenia. The journey, tracked via Flightradar24 ADS-B data, [...]

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Six Companies, Including AirAsia Affiliate, Advance in Bidding for SriLankan Airlines

By | 2024-04-25T16:40:04-04:00 April 23rd, 2024|@AirGuide Business, Aircraft Business, Airline Business, Government & Regulatory|

Six firms have progressed to the next stage in the process to acquire a majority stake in SriLankan Airlines, as confirmed by Sri Lanka's State Owned Enterprises Restructuring Unit (SRU), an arm of the Ministry of Finance. Among the entities moving forward is a company closely linked to AirAsia (AK, Kuala Lumpur International), highlighting the [...]

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Royal Air Maroc Initiates Major Aircraft Purchase Tender Ahead of 2030 World Cup

By | 2024-04-25T16:40:04-04:00 April 23rd, 2024|@AirGuide Business, Aircraft Business, Airline Business|

Royal Air Maroc (RAM) has officially launched a significant tender to expand its aircraft fleet, a move aligned with the airline’s ambitious growth plans leading up to the 2030 FIFA World Cup. Abdelhamid Addou, CEO of the Moroccan national carrier, confirmed the launch of this long-anticipated tender on April 15, although details have not been [...]

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