Airbus announced that, as part of its plan to produce 63 A320 Family aircraft per month in 2021, the company will expand its industrial footprint in the U.S. by increasing the production rate of A320 family aircraft at its Airbus U.S. Manufacturing Facility in Mobile to seven per month by the beginning of next year. This increase, and continued recruiting for the A220 manufacturing team, will result in a further 275 jobs added at the Alabama-based facility over the next year. The company will also invest another $40 million through construction of an additional support hangar on the site, bringing its total investment to more than $1 billion in the Gulf Coast city.
20-year commercial outlook projects $16 trillion market, powered by rising requirement for 44,040 new jets and related services
A strong commercial aviation industry, stable defense spending and the need to service all platforms throughout their lifecycle are driving a growing aerospace and defense market, according to the Boeing Market Outlook. Released today at the Paris Air Show, the outlook values the aerospace and defense market at $8.7 trillion over the next decade, up from $8.1 trillion a year ago.
The Boeing Market Outlook (BMO) includes a $3.1 trillion projected demand for commercial airplanes through 2028 as operators replace older jets with more [...]
The International Air Transport Association (IATA) announced global passenger traffic results for April 2019 showing that demand (revenue passenger kilometers or RPKs) rose by 4.3% compared to April 2018. April capacity (available seat kilometers or ASKs) increased by 3.6%, and load factor climbed 0.6 percentage point to 82.8%, which was a record for the month of April, surpassing last year’s record of 82.2%. Regionally, Africa, Europe and Latin America posted record load factors. Comparisons between the two months are distorted owing to the timing of the Easter holiday, which occurred on 1 April in 2018 but fell much later in the month in 2019.“We experienced solid but [...]
The International Air Transport Association (IATA) announced global passenger traffic results for March 2019 showing that demand (measured in revenue passenger kilometers, or RPKs) rose 3.1%, compared to the same month a year ago, which was the slowest pace for any month in nine years.
This largely was owing to the timing of the Easter holiday, which fell nearly a month later than in 2018. On a seasonally-adjusted basis, the underlying growth rate has been relatively steady since October 2018 at a 4.1% annualized pace. Capacity (available seat kilometers or ASKs) for the month of March grew 4.2% and load factor dropped 0.9 percentage point to 81.7%.