Latest news with #aircraftdelivery
Arabian Business
5 days ago
- Business
- Arabian Business
Dubai's flydubai expands fleet with 12 new aircraft in 2025
Dubai-based carrier flydubai has taken delivery of seven new aircraft so far in 2025, with a further five Boeing 737 MAX 8s scheduled to join the fleet before the end of the year. The deliveries, made between April and August 2025, have grown the airline's fleet to 93 aircraft. Once all 12 aircraft have been received this year, flydubai's fleet will exceed 95 aircraft, serving more than 135 destinations in 57 countries. flydubai adds 12 Boeing aircraft Ghaith Al Ghaith, Chief Executive Officer at flydubai, said in a statement: 'The arrival of these new aircraft is a testament to our long-term strategic vision and our confidence in the future of air travel. Our fleet investment supports our mission to offer greater choice, enhanced convenience and improved connectivity for our passengers. These deliveries are part of a backlog extensively delayed in recent years, and despite receiving 12 aircraft this year, we remain 20 aircraft behind our original projections.' He added: 'The continued interest from our financing partners highlights the strength of our business model and our commitment to contributing to the UAE's leadership in global aviation. Looking ahead, these aircraft will enable us to unlock new destinations, optimise our operations and play an even greater role in supporting Dubai's growth as an international aviation hub,' he added. Financing for the first seven aircraft delivered this year was secured under Islamic financing from Abu Dhabi Islamic Bank (ADIB), conventional debt financing from the National Bank of Ras Al Khaimah (RAKBANK), and sale and leaseback transactions with JP Lease Products & Services Co., Ltd (JLPS) and JLPS Ireland Limited. In 2025, flydubai has added 11 new destinations to its network, including Antalya and Al Alamein, as well as Damascus and Peshawar. Four European destinations, Chișinău, Iași, Vilnius, and Riga will launch between September and December. The airline is also continuing its multimillion-dollar retrofit programme. Since the start of 2024, 23 Next-Generation Boeing 737-800s have been upgraded with new cabin interiors, including lie-flat Business Class seats and enhanced in-flight entertainment in Economy Class. flydubai's workforce has grown to more than 6,500 employees, a 10 per cent increase compared to 2024. The airline has also launched its Ab Initio Pilot Training Programme (MPL) to train future pilots in line with its expansion plans.
Yahoo
6 days ago
- Business
- Yahoo
Aviation Capital Group Announces Delivery of One Boeing 737-8 MAX to Virgin Australia
NEWPORT BEACH, Calif., August 13, 2025--(BUSINESS WIRE)--Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one Boeing 737-8 MAX aircraft to Virgin Australia. This is the third and final aircraft to deliver to the carrier from ACG's order book with Boeing. About Aviation Capital Group Aviation Capital Group is one of the world's premier full-service aircraft asset managers with approximately 500 owned, managed and committed aircraft as of June 30, 2025, leased to roughly 90 airlines in approximately 50 countries. It specializes in commercial aircraft leasing and provides certain aircraft asset management services and aircraft financing solutions for third parties. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation. Follow ACG on LinkedIn, and for more information, visit View source version on Contacts Media RelationsMediaRelations@ Investor RelationsInvestorRelations@ Sign in to access your portfolio
Al Arabiya
07-06-2025
- Business
- Al Arabiya
Boeing prepares to resume plane deliveries to China as tariff war eases
A new Boeing 737 MAX painted with Xiamen Airlines livery left Seattle on Friday on the first leg of the route used to shuttle jets to the company's delivery center in China, according to flight records on FlightRadar24. The plane was bound for Kailua-Kona, Hawaii, one of the refueling stops Boeing jets make on their way across the Pacific to China. Deliveries to Chinese customers were abruptly halted in early April as the US and China edged toward a trade war. A Boeing spokesperson declined to comment on the jetliner's ultimate destination. Xiamen Airlines and the Chinese government could not immediately be reached for comment. Deliveries to China of new Boeing aircraft stopped in April in response to tariffs imposed by President Donald Trump. However, on May 12, the US and China agreed to roll back the bulk of tariffs for 90 days. Trump said on Friday that US and Chinese representatives would meet June 9 in London to talk about a trade deal. Boeing CEO Kelly Ortberg on May 29 said Chinese airlines would resume taking deliveries of Boeing aircraft in June. At least three 737 MAX jets were repatriated by Boeing to the United States in April from Boeing's Zhoushan completion center near Shanghai, where they had been placed for final work before delivery to Chinese carriers. The first plane to return from China was the same one that left Friday for Hawaii. Boeing has previously said customers in China would not take delivery of new planes due to tariffs, and it was looking to resell potentially dozens of aircraft. Beijing has not commented on why Boeing deliveries stopped, but said Chinese airlines and Boeing had been severely affected by US-imposed tariffs. China represents about 10 percent of Boeing's commercial backlog and is an important and growing aviation market. Boeing in April said it had planned for 50 jets to go to Chinese carriers during the rest of the year, with 41 in production or pre-built. While Boeing had said other airlines are interested in taking rejected Chinese planes, the planemaker has not sent the planes elsewhere despite aiming to reduce inventory levels.
The National
03-06-2025
- Business
- The National
Airlines evaluate legal options over delayed jet deliveries as travel demand soars
The global airline industry is evaluating legal options over delayed aircraft deliveries that have constrained capacity and hampered growth plans, the head of the International Air Transport Association said. However, the industry prefers to work collaboratively with manufacturers to address supply chain problems, Willie Walsh, director general of Iata, said at a media briefing in New Delhi on Monday. 'We continue to evaluate whether there is any reason for us to look at potential legal opportunities, so we haven't done anything, but we continue to evaluate that as a potential option,' he said. 'Our preference is to work collaboratively with OEMs and all of the suppliers to try and bring greater clarity to the problem and work together to solve [it].' The manufacturing sector is 'failing badly' as a delivery backlog of 17,000 jets implies a 14-year wait between ordering and handover, Mr Walsh said. This hits airlines' revenue because some travel demand goes unmet and aircraft scarcity pushes up maintenance and leasing costs. 'It's just not acceptable that manufacturers estimate that it could take to the end of this decade to to sort this mess out,' he said at an opening speech of Iata's 81st annual meeting on Monday. 'Real solutions must come from manufacturers … the solution cannot come fast enough.' Iata represents 350 airlines comprising more than 80 per cent of global air traffic. Supply chain bottlenecks have limited airlines' growth, driving up plane leasing costs, increasing the average fleet age to 15 years (from 13 in 2015), cutting the fleet replacement rate to half the six per cent of 2020 and reducing the efficiency of fleet use. There are 1,692 aircraft expected to be delivered in 2025, and while this is the highest level since 2018, it is almost 26 per cent lower than estimates from a year ago. 'Further downward revisions are likely, given that supply chain issues are expected to persist in 2025 and possibly to the end of the decade,' Iata said in its annual report on Monday. Engine problems and a shortage of spare parts worsen the situation and have caused record-high groundings of certain aircraft types. The number of aircraft younger than 10 years in storage is currently more than 1,100, constituting 3.8 per cent of the total fleet, Mr Walsh said. Tim Clark, president of Emirates, said that the pandemic is no longer a viable excuse for supply chain problems. 'Covid was five years ago … you can only beat that drum for so long,' he said at a media briefing on Sunday. 'I'm pretty tired of the hearing the same hand-wringing that goes on: 'We're really sorry, you know it's the supply chain.' You are the supply chain, so what are you doing about it?' Airlines' increasing frustrations with jet delays come as the total number of travellers is forecast to reach a record high 4.99 billion in 2025, a 4 per cent annual rise, according to Iata. 'The rate of growth in the industry has slowed down as a result of the supply chain issues,' Mr Walsh said at the media briefing. Pieter Elbers, chief executive of Indigo, said that the limited number of suppliers means that whenever there is a 'choking' in the system, it affects all airlines to varying degrees. 'We're pretty much three years post-Covid and there's no end of sight yet,' he said. 'It's a missed opportunity in terms of addressing the market demand and especially some of the high-growth markets.' US tariffs and aircraft costs Airlines will also resist any efforts by manufacturers to pass on US tariffs as higher prices for aircraft, Mr Walsh said. 'Our desired position would be that aerospace, aircraft and aircraft engines be excluded from tariff regimes and that we return to the 1979 agreement where they are exempt,' he said. 'It is a global supply chain, it's functioning very well. Starting to unpick that by applying tariffs is going to be very complex.' Mr Walsh said there is no evidence yet of increases in aircraft prices due to tariffs but a number of key suppliers have indicated that this is something they are looking at. 'Obviously any development to increase the price of aircraft is going to be very much an unwelcome development by airlines and will be resisted by airlines,' Mr Walsh said. 'We will have to understand the justification behind any increase. We don't want to see any of the manufacturers using tariffs as an excuse or an opportunity to increase their prices to the industry.' Iata's chief economist Marie Owens Thomsen said the US tariffs measure will be a 'net negative economic policy' that will hurt the global trading system because supply chains are so interdependent. A single aircraft has more than 800 different suppliers from all over the world. 'If you start putting tariffs on this, the whole system breaks apart,' she said. 'These are like global arteries … if we have a problem with our arteries, we all understand intuitively that this will affect all of our organs and our overall performance. And it's the same when you mess with these supply chains and the global trading system.'
The National
01-06-2025
- Business
- The National
Emirates boss says Boeing conveying 'cautious optimism', with 777X delivery expected by 2027
Emirates Airline 's president Tim Clark said that Boeing has struck a tone of 'cautious optimism' during its meetings with the US plane maker, with expectations that the long-delayed 777X will be delivered by early 2027. The Dubai-based airline could receive its first 777X wide-body between the third or fourth quarter of 2026 and the first quarter of 2027, and is getting 'clearer messages' from Boeing on that delivery programme, he said on the sidelines of the International Air Transport Association (Iata) annual meeting in New Delhi on Sunday. 'We've engaged with the senior management of Boeing recently and they seem cautiously optimistic,' Mr Clark told reporters in the Indian capital. Emirates is still awaiting delivery of the Boeing 777X after the US plane maker faced a series of delays on that programme since 2020. With ongoing delays in new aircraft deliveries, Emirates will now put 219 aircraft through a full cabin refresh at a total investment of $5 billion in its retrofit programme, according to its latest annual financial report. The airline has added the first Airbus A350-900 to its fleet but held off from ordering the larger A350-1000 variant as Mr Clark remains critical of Rolls-Royce's engine performance in the Gulf's harsh and hot climate conditions. Meanwhile, Emirates, a long-standing champion of the Airbus A380, will keep the double-decker in its fleet until the end of the next decade, Mr Clark said. This comes as it seeks to extend the lifespan of the aircraft with a lack of a clear alternative as the 777X is yet to be certified, while the A350-1000's engines are yet to prove their durability for the Gulf's operating conditions. Iata's 81st annual meeting of airline chiefs, with IndiGo as the host carrier, is taking place amid the turbulence of global trade tensions and difficulties around meeting the industry's goal of net-zero emissions by 2050.
