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Low Covid-19 vaccination rates slow African traffic recovery

Low Covid-19 vaccination rates slow African traffic recovery

by Michael Wakabi | Jun 20, 2022 | Airlines | 0 comments

Low vaccination rates and persistent internal barriers are a drag on the recovery of African air traffic with RPKs lagging 48% below 2019 levels. Ticket bookings for 1Q22 were only 57% of pre-crisis levels, reflecting subdued intra-African travel as many countries...
CFM ready for higher Airbus A320neo rates in 2024

CFM ready for higher Airbus A320neo rates in 2024

by Richard Schuurman | Apr 29, 2022 | Aerospace, CFM International, Safran | 0 comments

CFM International has responded positively to the request of Airbus to ramp up the production of the LEAP engines and meet higher rates in 2024. CFM-parent Safran Group confirmed this during an earnings call on April 29 on the first-quarter results. This would mean...
Aircraft insurance rates on a surge following situation in Russia

Aircraft insurance rates on a surge following situation in Russia

by Richard Schuurman | Apr 7, 2022 | Aerospace, Lessors | 0 comments

Aircraft insurance rates have surged, following the situation with aircraft confiscated and nationalized by the Russian authorities. Robert Martin, managing director and CEO of BOC Aviation, told the CAPA Aviation Leader Summit in Manchester that the effect is already...
Lower production rates hurt Leonardo Aerostructures

Lower production rates hurt Leonardo Aerostructures

by Richard Schuurman | Mar 11, 2022 | ATR, Leonardo | 0 comments

Deliveries of 31 completed ATR turboprop aircraft compared to ten in 2020 have helped to reduce losses for its Italian shareholder Leonardo, but overall the company and Tier 1 supplier to Airbus and Boeing can look back at a difficult year for its commercial...
Lower rates Boeing hurt Mitsubishi revenues

Lower rates Boeing hurt Mitsubishi revenues

by Richard Schuurman | Feb 7, 2022 | Aerospace, Mitsubishi | 0 comments

A sharp reduction in deliveries of 787 structures to Boeing is the major reason behind the lower revenues and order intake of Mitsubishi Heavy Industries (MHI) Aero Structures business in the third quarter of FY21, it reported on February 7. Lower rates Boeing hurt...
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