An airplane engine at American Airlines' test cell in Tulsa, Oklahoma. Leslie Josephs/CNBC Rental rates for engines that match up with both old and new planes have skyrocketed. For example, a CFM56 engine used on the Boeing 737-800 was going for $96,000 a month up from $78,000 in 201...
Older planes lost their stigma in the U.S. during the last 15 years as four of the largest airlines filed for bankruptcy. To cut costs, they deferred orders and made do with planes they previously would have swapped for newer models. They’ve expanded the practice even as fortunes have re...
They are also in the process of looking for smaller planes, which will do regional rounds. Locally they will fly to Victoria Falls, Bulawayo, Buffalo Range and so on and so forth and also in the region they will fly to the DRC (Democratic Republic of Congo), Tanzania, Zambia, Namibia e...
By avoiding the need for simulator training of pilots for the 737 MAX in the airlines purchasing the new planes Boeing saved many hundreds of millions of dollars (2020: 26). The Committee Report concluded: “This report’s main investigative findings point to a comp...
Well, at least they owned hundreds of older planes, which was the proposed collateral, per Wolf’s post. I was sort of surprised too, thinking that leasing’s share was more complete. But odds are that the airlines pick and ch...
Oil demand dropped from a record peak of 100 mbd reached in 2019 to a recent low of 70 mbd. Decades of demand growth were wiped out quickly in a single month. Nothing in the history of oil can compare to the events we have witnessed in the last three months as planes stopped flying,...
The airline has yet to complete any flights – Braathen is busy debating which planes to lease in time for launch in spring/summer 2021 – but there are already 30 employees on the books. And while the short-term outlook for airlines might currently be bleak, Flyr’s team believe they’ll...
One reason to keep so many flights going is to help the airlines implement their policies that promote social distancing. Obviously, while you don’t want flights with just one passenger, you also don’t want to be packing customers onto full or nearly full planes. American has been blocking...
By avoiding the need for simulator training of pilots for the 737 MAX in the airlines purchasing the new planes Boeing saved many hundreds of millions of dollars (2020: 26). The Committee Report concluded: “This report’s main investigative findings point to a company culture that is in seri...