Boeing Forecasts 20-year Middle East Commercial Jet and Services Market Valued at more than $1.4 Trillion
Boeing said that airlines in the Middle East will require 3,000 new airplanes valued at $700 billion and aftermarket services such as maintenance and repair worth $740 billion, with the region positioned to capitalize on the recovery of regional and international travel and cargo demand. Boeing provided the estimate in its 2021 Commercial Market Outlook (CMO), a forecast of 20-year demand for commercial aircraft and services. Middle East passenger traffic and the region’s commercial fleet are projected to more than double over the 20-year forecast period, according to the CMO. More than two-thirds of airplane deliveries to the Middle East will accommodate growth, while one-third of deliveries will replace older airplanes with more fuel-efficient models such as the 737 MAX, 787 Dreamliner and 777X.
GA Telesis MRO Services Group Expands Partnership with Honeywell
GA Telesis, LLC announced MRO Services Group extended its current agreement with Honeywell through the end of 2028. Additionally, a new portfolio of part numbers was added to the existing contract. The initial agreement was entered into December 2017 and was set to expire at the end of 2022. This new contract recognizes GA Telesis as one of Honeywell’s channel customers. Through this agreement, the Company can deliver components using genuine OEM material at PMA equivalent cost. Further, the new part numbers added to the agreement will benefit the Company’s customers who operate newer fleets. In addition, the part numbers cover a greater range of new aircraft types.
GE and AerCap Obtain All Required Regulatory Clearances for GECAS Transaction; Expect to Close on 1st November
GE and AerCap have obtained all required regulatory clearances for the GECAS transaction. The parties expect to close the transaction on November 1, subject to other customary closing conditions set forth in the transaction agreement.
Singapore Airlines Restores Houston-Singapore Flights
In the latest sign of recovery, Singapore Airlines has announced the resumption of its three-times-weekly flights from Houston Bush Intercontinental Airport to Singapore, via Manchester, starting on 1st December operated by an Airbus A350-900. SIA’s Regional VP – Americas Joey Seow stated “It’s indeed a pleasure to announce our return to Houston and to once again provide passengers with our unique style of personalized service for travel to the U.K. and Southeast Asia. We look forward to welcoming our customers back to the skies as they resume more international flights.”
Triumph Group And Air France Industries KLM Engineering & Maintenance Officially Form Joint Venture, Named xCelle Americas
Triumph Group and Air France Industries KLM Engineering & Maintenance announced they have finalized the formation of their joint venture (JV) under the name xCelle Americas, to overhaul nacelles for new generation aircraft at Triumph’s Hot Springs, Arkansas repair facility. xCelle Americas will perform maintenance, repair and overhaul (MRO) services for “new gen” nacelles on Boeing 787, Boeing 737MAX, Airbus A320neo, and Airbus A350 aircraft for operators in North and South America. Acting through its affiliation with AFI KLM E&M, xCelle Americas will perform Boeing 787 nacelle repairs under Air France’s license from Rohr, Inc. (Collins Aerospace), thus expanding Air France’s licensed repair capabilities for those nacelles to the Americas.
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