Russia has today announced plans to invest over $14 billion in its aviation industry by the end of the decade to increase domestic aircraft production. The goal is that 81% of aircraft operated by Russian airlines will be domestically built by 2030, according to Deputy Prime Minister Yury Borisov’s comment in a televised meeting of government officials.
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Aircraft leasing companies scrambling to gather up planes from Russia are about to collide with an aviation insurance industry bracing for an unprecedented torrent of claims.
Manufacturers, lessors, insurers, and maintenance is given to Russian carriers like Aeroflot (AFLT.MM), S7 Airlines, and AirBridge Cargo are among those outside Russia that are hit instantly by sanctions.
The Boeing Company (NYSE: BA) has reported first quarter revenue of $19.5 billion, reflecting 130 commercial deliveries.
Aircraft leasing sector continues to demonstrate resilience and strategic adaptation in early 2025, with portfolios valued at $300 billion.
United Airlines executed definitive agreements with aircraft lessors to lease 40 Airbus A321neo aircraft, delivery in 2026 and 2027.
IndiGo will welcome five Boeing 737 MAX aircraft from Qatar Airways (QR) and three Boeing 737 MAX planes from Ryanair (FR) by April.
MUMBAI- The deadline has passed for potential buyers to submit Expressions of Interest (EOI) for India’s Go First, and three notable entities, including a prominent local corporation and at least one foreign airline, have reportedly done so before the October 7, 2023, cutoff date.
TATA SIA Vistara (UK) Airlines’ last and only Boeing 737 will perform its last flight on July 26 from Cochin Airport (COK), Kochi, to Delhi (DEL).
European plane maker Airbus delivered a total of 63 aircraft to its customers, marking an increase in pace compared to the 54 deliveries in April.