Korean Air has confirmed a major deal with Airbus for a new generation of long-haul planes.
01.03.2024 - 18:25 / skift.com / Christian Scherer / Steven Udvar-Hazy / Meghna Maharishi
The executive chairman of Air Lease, one of the largest aircraft lessors in the world, said the company isn’t planning to buy China’s C919 jets.
“The CCP and COMAC are very interested in selling the C919,” said Air Lease executive chairman Steven Udvar-Hazy at the Wings Club in New York on Thursday. “But it’s a one-way dating relationship.”
COMAC, China’s state-owned aircraft manufacturer, debuted the C919 internationally at the Singapore Air Show. The manufacturer pitched the narrowbody jet as a competitor to the Airbus A320 and Boeing 737 Max, but so far, it’s had a lukewarm reception.
Christian Scherer, the CEO of Airbus’ commercial aircraft division, previously said the C919 was “not going to rock the boat.”
COMAC said it has 1,000 orders in its books for the C919, but they are mainly from Chinese aircraft leasing companies and airlines. Plus, Airbus and Boeing — which essentially have a duopoly in commercial aircraft manufacturing — have orders booked through the end of the decade.
While Boeing and Airbus currently don’t view the C919 as competition, Boeing’s Asia-Pacific commercial marketing managing director Dave Schulte said the U.S. plane maker is factoring in competition from the C919 in its long-term forecasts, according to CNBC.
Udvar-Hazy also said he did not believe the Federal Aviation Administration or the European Union Aviation Safety Agency would even approve the C919 for commercial flying.
“I do not believe at this point in time that the FAA and the AASA would certify the 919 and its current state for export,” he said.
The Air Lease executive chairman pointed to a lack of infrastructure to make the C919 commercially viable in international markets, saying the jet doesn’t have a global support structure or technical support training.
“Look how long it took for Airbus to develop that,” Udvar-Hazy said. “Without that, there’s no export market. Without an export market, how do you value a 919? What is a 919 worth 10 years from now?”
Korean Air has confirmed a major deal with Airbus for a new generation of long-haul planes.
At the inaugural Skift India Summit held at The Leela Ambience Gurugram on Wednesday, hospitality chain Oyo’s CEO Ritesh Agarwal addressed the speculation around its potential IPO. He said that the company does not have a need to raise money at this stage from the public or private markets. Oyo is currently focusing on delivering good earnings results, he said.
Disney Cruise Line fans, get ready to sail on ... Disney Destiny.
If you've ever taken a westbound flight, you may have noticed the flight time was shorter coming home than on the way there. For example, a direct flight from New York to Los Angeles takes about six hours and four minutes. However, you shave about an hour off the flight time on the return flight, which clocks in at just five hours and eight minutes.
Air India has big ambitions: CEO Campbell Wilson said he wants to restore the carrier into a “top-tier and world-class airline” at the Skift India Summit in New Delhi on Wednesday.
Frontier Airlines is adding New York to its network. The ultra-low-cost carrier announced Tuesday that it would operate flights out of Newark and JFK to San Juan, starting in June.
JetBlue told crewmembers on Tuesday that it is cutting a slate of routes as part of its strategy to restore profitability following the termination of the Spirit Airlines merger.
A United Airlines flight that took off on Friday morning from San Francisco International Airport landed in Oregon in the afternoon missing an external panel, the Federal Aviation Administration said.
Every year, Boeing shows off its fleet of passenger jets at annual airshows in cities across Europe and Asia.
Last September, my husband and I left our kids with their grandparents and set off to Ireland. Our $2,132 itinerary took us from Minneapolis to Toronto to Dublin on tickets booked on United Airlines through Expedia but ultimately operated by Air Canada, a United partner. We had boarded our connecting flight in Toronto (and I was already dozing in my seat) when the captain announced an operator had crashed the jet bridge into the starboard engine. We were given hotel vouchers and told we would be rebooked for the next day. Checkout time came and went without a word, so we went to the airport and were told to call Air Canada customer service. An agent booked us a flight for that evening, and we printed out boarding passes at an airport kiosk. But when we tried to board, we were told the boarding passes were invalid. Eventually, we were offered two options for the next day: Fly to Dublin via Newark, or return to Minneapolis. We cut our losses and went home after staying the night in Toronto at a hotel. But United refunded us only $1,087, barely half of what we paid. Air Canada did reimburse us for the second hotel and other expenses, but we believe the airlines owe us not only a full refund, but also 400 Canadian each ($295 apiece) under Canadian law for denied boarding. Both refused. Can you help?
Air New Zealand from March 31 to Oct. 25 will pause its Auckland-Chicago service because of ongoing challenges with the availability of serviceable Rolls-Royce Trent 1000 engines. These are the engines used on Air New Zealand's Boeing 787 aircraft.
JetBlue has had a rough few years. Its attempts at growth — whether through the Northeast Alliance with American Airlines or its merger with Spirit Airlines — have been struck down in court.