The 36-State ICAO Council has adopted a new aircraft CO2 emissions standard which will reduce the impact of aviation greenhouse gas emissions on the global climate. Contained in a new Volume III to Annex 16 of the Chicago Convention (Environmental Protection), the aircraft CO2 emissions measure represents the world’s first global design certification standard governing CO2 emissions for any industry sector. The Standard will apply to new aircraft type designs from 2020, … [Read more...] about ICAO Council adopts new CO2 emissions standard for aircraft
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Boeing reports record 4Q2014 revenue
Boeing reported record fourth-quarter revenue of US$24.5 billion on higher deliveries and core earnings per share (non-GAAP) that increased 23 per cent to US$2.31, reflecting strong performance across the company. Fourth-quarter 2014 core operating earnings (non-GAAP) increased to US$2.3 billion and GAAP earnings from operations increased to US$2 billion. Fourth-quarter 2013 results included a US$406 million non-cash charge related to the A-12 settlement. "Strong operating … [Read more...] about Boeing reports record 4Q2014 revenue
Air France-KLM defers B777 deliveries
Air France-KLM will defer the deliveries for 10 Boeing 777-300ERs scheduled for delivery in 2015-2016 because of poor financial results and low fuel prices. Europe’s biggest airline 2014’s earnings before interest, tax, depreciation and amortisation is reported to be US$246 million lower than expected. Poor sales on long-haul routes and a pilot walkout in September are largely to blame for the shortfall, the carrier said in an e-mailed statement. … [Read more...] about Air France-KLM defers B777 deliveries
China needs over 5,300 new aircraft, says Airbus
Airbus forecasts that China will need over 5,300 new passenger aircraft and freighters from 2014 to 2033, with a total market value of US$ 820 billion. It represents 17 per cent of the world total demand for over 31,000 new aircraft in the next 20 years. According to Airbus’ 2014-2033 Global Market Forecast, new deliveries of passenger and freight aircraft for China will be 5,363 over the next 20 years, including 3,567 single aisle aircraft, 1,477 twin-aisles and 319 very large … [Read more...] about China needs over 5,300 new aircraft, says Airbus
Airbus to develop five new Belugas
To industrially accompany the A350 XWB ramp-up and other aircraft production rate increases, Airbus took the decision to launch the development and production of five new Belugas. The new Beluga will be based on the A330 with a large re-use of existing components and equipment. The distinctive looking lowered cockpit, the cargo bay structure and the rear-end and tail will be amongst the items which will be newly developed. The first of the five new Belugas will enter in service in … [Read more...] about Airbus to develop five new Belugas
Qatar Airways takes delivery of its first A380
Qatar Airways took delivery of its highly anticipated first A380. With 10 A380-800s on order, the carrier is preparing to take delivery of four of them before the end of this year. The airline will first introduce A380 services on one of its frequencies on the Doha-London route from October, followed by Paris Charles De Gaulle shortly thereafter. In the last quarter of 2014, it is expected that the airline will start receiving its first A350 XWB aircraft as the world’s launch customer. … [Read more...] about Qatar Airways takes delivery of its first A380