Sberbank is moving from finance to operations in Russia’s booming air travel market.
The bank has placed an order with US aerospace giant Boeing for a dozen passenger jets. The deal – worth $1bn at current catalogue prices – will see Russia’s biggest lender supply aircraft to Transaero under its first ever operational leasing agreement in the industry. Continue reading »
While most of the coverage of the grounded Boeing 787 Dreamliner has focused on Japan and the US, the problem is worldwide, from Poland to Chile (via Ethiopia).
So who has the aircraft on order? Which airlines have already got them – and how big are their fleets? Continue reading »
China consumes about 29m tonnes of cooking oil a year, and much of it, when the frying is over, gets thrown away.
Boeing believes this “gutter oil”, as it is locally known, could turn out to be liquid gold. In collaboration with Commercial Aircraft Corporation of China (COMAC) it has opened a new lab this month in Beijing, and the first research project will investigate refining waste cooking oil into jet fuel. Continue reading »
Good news can come in pairs. Just ask Boeing. The plane-maker on Wednesday posted a 27 per cent increase in second-quarter net profit to $967m.
The increase was boosted by commercial aircraft deliveries, the company said. And what better to confirm it than the announcement within hours of an $11bn order by Mexico’s Aeroméxico described by the Mexican transport minister, Dionisio Pérez-Jácome, as the biggest plane purchase by any company in the nation’s aviation history. Continue reading »