DUBLIN, Jan 21 (Reuters) – India faces growing pressure over
financial uncertainty at budget carrier SpiceJet after
leasing company BOC Aviation demanded the return of three leased
aircraft, in what is seen as a test of global rules on aircraft
The leasing arm of Bank of China warned in an interview that
India’s fast-growing airline industry could struggle to attract
funds unless India upholds a pact designed to protect the owners
of leased jets, widely used across the world.
DUBLIN/FRANKFURT (Reuters) – Business leaders in Europe gave a mixed welcome to the European Central Bank’s moves to bolster growth and inflation in the euro area on Thursday, with many – especially in Germany – concerned the program could delay unpopular economic reforms.
The ECB launched a government bond-buying program despite opposition from Germany’s Bundesbank and concerns in Berlin. Supporters say it will get credit flowing to boost growth.
DUBLIN (Reuters) – The head of Europe’s largest specialist aviation finance firm has criticised plans by the European Central Bank to inject tens of billions of euros into the eurozone economy, saying it could delay urgently needed reforms.
Aengus Kelly, chief executive of Amsterdam-based aircraft leasing company AerCap, warned that some companies would take unnecessary risks due to the flood of cheaper money while weaker ones would try to muddle through without restructuring.
DUBLIN, Jan 21 (Reuters) – Demand for fuel-efficient
narrowbody jetliners like the Boeing 737 MAX remains
“very strong” despite the recent oil price slump, the
planemaker’s top salesman said on Wednesday.
Although lower oil prices might make some airlines hesitate
about upgrading their fleets, the overall boost to the economy
from cheaper energy is sustaining new jet demand, he said.
DUBLIN, Jan 19 (Reuters) – The slump in oil prices has given
a new lease of life to passenger jets that until recently were
destined for the scrap yard, aircraft financiers said on Monday.
Aircraft such as the four-engined Airbus A340 or earlier
models of the Boeing 747 which have been sentenced to desert
storage or to be dismantled, are winning a stay of execution
because lower oil prices make them economic for some carriers.
PARIS (Reuters) – When the Airbus (AIR.PA: Quote, Profile, Research) A350 jet made its commercial debut with Qatar Airways this week, the event marked a milestone for engine supplier Rolls-Royce (RR.L: Quote, Profile, Research) — but slipping unnoticed under the radar with financing was its arch-rival General Electric (GE.N: Quote, Profile, Research).
Although powered by the latest generation of Rolls-Royce (RR.L: Quote, Profile, Research) engines, the first of a new series of jets on which the company has bet its civil business is owned by GE’s aircraft leasing arm GECAS, Reuters has learned.
PARIS, Jan 16 (Reuters) – When the Airbus A350 jet
made its commercial debut with Qatar Airways this week, the
event marked a milestone for engine supplier Rolls-Royce
— but slipping unnoticed under the radar with financing was its
arch-rival General Electric.
Although powered by the latest generation of Rolls-Royce
engines, the first of a new series of jets on which the
company has bet its civil business is owned by GE’s aircraft
leasing arm GECAS, Reuters has learned.
TOULOUSE, France (Reuters) – Airbus edged closer towards raising production of its best-selling model on Tuesday, declaring the supply chain stable and hinting at a decision to produce more of its A320 cash cow in coming months.
But it also conceded it may have to reduce production of its wide-body A330 further than previously anticipated, amid waning demand for the current version of the jet which faces competition from Boeing’s newer 787 Dreamliner.
TOULOUSE, France, Jan 13 (Reuters) – Airbus clung to the top
spot in commercial plane orders by confirming it outsold Boeing
last year, while failing to close a gap in deliveries that
leaves its U.S. rival as the world’s largest plane manufacturer
for the third year running.
The unexpected lead in aircraft orders, confirming a Reuters
report last week, comes after an unprecedented surge that saw
the planemaker book over 400 plane orders in December.
MONTREAL/PARIS, Jan 12 (Reuters) – Airbus has begun
talks with a European regulator to make ejectable flight
recorders available on its two largest models, the A380 and the
new A350, potentially making them the first commercial planes to
use the technology.
The European company said that further ahead it could also
expand the use of ejectable recorders, which combine voice and
data recordings, to new versions of its A330 and A320 jets.