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India’s Jet Airways agrees to buy 75 Boeing 737 MAX jets worth $8.8 billion

These 30 airlines went bankrupt in 2019

India’s Jet Airways agrees to buy 75 Boeing 737 MAX jets worth $8.8 billion

MUMBAI, IndiaApril 4, 2018 /PRNewswire/ — Boeing (NYSE: BA) and Jet Airways today announced a new order for 75 737 MAX airplanes as India’s premier international airline looks to the new and improved 737 jet to power its future growth.

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“Our new order for the additional 75 Boeing 737 MAX aircraft will allow us to deliver a differentiated and  world class customer experience to our guests,” said “Vinay Dube, Chief Executive Officer, Jet Airway. “This additional order reemphasizes our trust and confidence in Boeing and also reaffirms our commitment to operate extremely modern, reliable and fuel efficient aircraft as part of our fleet. Jet Airways’ partnership with Boeing goes back 25 years ever since the airline was conceived and took to the skies. This order underscores Jet Airways’ commitment to the growth and sustainability of the Indian aviation market”

Jet Airways announced its first order for 75 MAX airplanes in 2015 as part of a strategy to refresh its fleet with the most modern and environmentally progressive airplanes. The newest order adds 75 more MAXs to support the airline’s future expansion. Jet Airways is set to take direct delivery of its first MAX airplane later this year.

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“We are honored that Jet Airways has again placed its trust in Boeing with its order for 75 more 737 MAXs,” said Dinesh Keskar, senior vice president, Asia Pacific & India Sales, Boeing Commercial Airplanes. “These additional 737 MAX airplanes will help Jet Airways continue to be an industry leader by combining a superior passenger experience with reliable and efficient operations.”

The 737 MAX is a family of airplanes that offer about 130 to 230 seats with the ability to fly up to 3,850 nautical miles (7,130 kilometers). These jets incorporate the latest CFM International LEAP-1B engines, Advanced Technology winglets, the Boeing Sky Interior, large flight deck displays and other features to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

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Aviation

Qatar Airways to Introduce “Private Jet-Inspired” First Class on B777

Qatar Airways to Introduce "Private Jet-Inspired" First Class on B777

In a bold move to redefine luxury air travel, Qatar Airways has announced plans to introduce a groundbreaking First Class cabin experience on its fleet of Boeing 777-9 aircraft.

The airline’s Group Chief Executive Officer, Engr. Badr Mohammed Al-Meer, revealed in an exclusive interview with CNBC that these new cabins will offer passengers a “private jet-like” experience, setting a new standard in commercial aviation.

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Al-Meer emphasized innovation as the cornerstone of Qatar Airways’ strategy for the future, reflecting the airline’s commitment to pushing boundaries and exceeding customer expectations. With the demand for First Class travel on the rise, Qatar Airways aims to meet this demand head-on by developing a bespoke First Class cabin that leverages the airline’s expertise in both commercial and executive jet travel.

Drawing inspiration from its successful Qsuite Business Class, which revolutionized the industry upon its launch, Qatar Airways plans to debut a redesigned premium Qsuite at the Farnborough International Airshow in July 2024.boeing 777 vs airbus a350 This redesigned Qsuite will set the stage for the forthcoming First Class cabins, promising passengers an unparalleled level of comfort and luxury.

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The new First Class cabins, set to be introduced on Qatar Airways’ Boeing 777-9 best narrow body aircraft fleet starting from the end of 2025, will embody the pinnacle of commercial air travel. With private suites designed to evoke the exclusivity and refinement of flying on a private jet, passengers can expect an extraordinary journey characterized by unmatched comfort and personalized service.

The CEO of Qatar Airways, Badr Mohammed Al Meer, said in an interview with CNBC, “We will utilise our knowledge and our expertise from having a private jet company.” We want to combine our experience flying private jets and commercial aircraft to create something new, and I don’t think anyone can construct a first class cabin better than us for that reason.

Al Meer told CNBC, “Hopefully, we will be able to announce it very soon. We are 70% and 80% ready, and we are just finalising colours and final touches.”

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Aviation

Saudi Arabia’s National Airline Saudia Could Fall Under PIF Ownership

Saudi Arabia's National Airline Saudia Could Fall Under PIF Ownership

According to the report, the Public Investment Fund (PIF) of Saudi Arabia, the country’s sovereign wealth fund, is reportedly in talks to buy the national airline Saudia.

An important milestone for one of the oldest airlines in the Middle East, this prospective transfer of ownership would also apply to other businesses owned by Saudia, including as its low-cost subsidiary Flyadeal. The action is considered a component of a larger plan to strengthen the PIF’s aviation portfolio by the beginning of 2025, which might improve Saudia’s financial results and operational effectiveness.

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There have also been proposals that the airline might be privatized or combined with Riyadh Air, which is already controlled by the PIF. Saudia now has a sizable fleet of over 142 aircraft and serves more than 90 locations worldwide, while the exact value of the deal is still unknown.

However, sources caution that the plan may encounter delays or even be abandoned altogether. The establishment of Riyadh Air is consistent with the PIF’s larger goal of utilizing important industries to promote Saudi Arabia’s economic diversification. Based on projections, it is possible that Riyadh Air will generate billions of dollars in value and hundreds of thousands of jobs, making it a major contributor to the kingdom’s non-oil GDP.

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Recently, The UK-based construction company Mace has been selected as the delivery partner for King Salman International Airport (KSIA) in riyadh. When KSIA opens in 2030, it will be the largest airport in the world, marking a significant milestone for the aviation industry.

By 2030, the airport is forecasted to facilitate a substantial increase in annual passenger traffic, skyrocketing from 29 million to a staggering 120 million travelers. Moreover, aircraft traffic within the kingdom is anticipated to surge from 211,000 to over 1 million flights per year following the airport’s inauguration.

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Aerospace

Korean Air to open Asia’s largest aircraft engine MRO cluster

Korean Air to open Asia’s largest aircraft engine MRO cluster

Korean Air has started building an aircraft engine maintenance cluster at Incheon International Airport in Unbuk. The facility is expected to be operational by 2027.

This new complex, which will be the biggest of its kind in Asia, will strengthen the airline’s capacity to maintain aircraft engines and secure its place in the aviation maintenance, repair, and overhaul (MRO) industry.

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Over 140,000 square metres are divided into seven levels of the new engine maintenance facility. The 578 billion won facility is being built by Kolon Global, and it will be positioned next to the Engine Test Cell (ETC) that the airline has been using since 2016.

Engine maintenance was traditionally handled by Korean Air at its Bucheon facility, with additional final performance testing conducted at the ETC in Unbuk. By centralised all stages of engine maintenance at one location, the engine maintenance cluster will strategically consolidate and streamline this process, improving operational efficiency.

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Additionally, Korean Air plans to greatly improve its capacity to service aircraft engines, increasing from 100 to 360 each year, and servicing a wider range of engine types. Six engine models are now overhauled by the airline: General Electric’s GE90-115B, CFM International’s CFM56, and Pratt & Whitney’s PW4000 and GTF.

Three additional engine models, including GE’s GEnx and CFMI’s LEAP-1B, are being added to the lineup as part of the expansion. Additionally, the prospect of maintaining Asiana Airlines’ engines—including the Rolls-Royce Trent XWB powering the Airbus A350—is being investigated by the carrier. In order to increase the competitiveness of the domestic aircraft MRO business and lessen reliance on foreign maintenance services, the new maintenance cluster is anticipated to create over 1,000 new jobs.

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Aviation

IndiGo strengthens connectivity with Sri Lanka: Announces new direct flights

IndiGo strengthens connectivity with Sri Lanka: Announces new direct flights

IndiGo, India’s favoured airline, has announced additional direct flights between Mumbai and Colombo beginning April 12, 2024.

These flights, scheduled three times per week on Tuesdays, Thursdays, and Fridays, would improve connectivity between India’s financial centre. Mumbai is also the capital of Sri Lanka. Mumbai now ranks fourth in India for direct connectivity to Colombo, following Bengaluru, Hyderabad, and Chennai.

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Over 2,500 years of intellectual, cultural, religious, and commercial ties bind India and Sri Lanka together. Colombo is a thriving centre for travel and business. The city provides convenient access to the island nation and is well-connected to the international airport. The city of Colombo itself is a study in contrasts, with both colonial-era architecture and contemporary skyscrapers.

Numerous historical and cultural sites, such as the National Museum and the Gangaramaya Temple, are open for exploration by tourists. For culinary adventure lovers, Colombo’s diverse food scene offers a tempting array of flavours, from spicy curries to fresh seafood. 

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Customers can reserve tickets through mobile app or official website, www.goIndiGo.in, if they would want to organise their trip. The addition of these flights will improve the airline’s global connection even more.

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