Airlines

Dubai Aerospace to acquire order book of 64 Boeing 737 MAX aircraft

An affiliate of Dubai Aerospace Enterprise revealed that it had signed a legal agreement to buy 64 Boeing 737 MAX aircraft from a fully owned subsidiary of China Aircraft Leasing Group Holdings Limited (“CALC”). Variants of the 737-10, 737-8, and 737-9 are part of the portfolio. The aircraft will be delivered between 2023 and 2026, according to plans. Terms of the transaction were not disclosed.

DAE orders 15 Boeing 737 MAX Jets(Opens in a new browser tab)

The single-aisle market benefits from the 737 MAX airplane family’s higher efficiency, improved environmental performance, and increased passenger comfort. The CFM International LEAP-1B engines and cutting-edge winglets of the 737 MAX enable 20% fuel and emissions savings over the aircraft it replaces. The 737-10, the largest model in the 737 MAX lineup, has 230 seats in a single-class layout and has a range of up to 3,300 miles. 99% of single-aisle routes can be traveled with a fuel-efficient plane.

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Firoz Tarapore, the chief executive officer of DAE, said: “We are pleased to be able to execute this agreement with CALC to purchase a unique portfolio of fuel-efficient, single-aisle aircraft that are entirely new in technology.

On a pro forma basis, this transaction will increase the percentage of new technology, fuel-efficient aircraft in the owned fleet to approximately 66% from 50%.
This transaction will add certainty to our growth trajectory. On a pro forma basis, this transaction will increase the fleet of owned, managed, committed, and mandated-to-manage aircraft to approximately 550 aircraft, valued at approximately US$20 billion.
This transaction will also allow us to further deepen existing relationship with Boeing and CFM International. Since its inception and including this transaction, DAE has acquired and is committed to acquiring approximately 500 Boeing aircraft. We look forward to growing this relationship even further in the coming years.
Approximately 20% of the acquired portfolio is on lease to airline clients who are also existing clients of DAE and look forward to expanding relationship with them. The remainder of the acquired portfolio of assets will be placed directly by DAE in the coming quarters.”

The deal is anticipated to close in the third quarter of 2023 and is not anticipated to affect the company’s capital sufficiency, liquidity, or funding ratios in any way.

Airlines

Air India Rolls Out A350s for Delhi-New York JFK and Newark Routes

In a major development for North American travelers, Air India has announced the deployment of its state-of-the-art Airbus A350-900 aircraft on two key routes: Delhi to New York and Delhi to Newark.

The service on the Delhi-New York route will commence on November 1, 2024, while the Delhi-Newark route will see its inaugural flight on January 2, 2025.

The introduction of the air india a350 will bring significant enhancements to Air India’s offerings, particularly with the launch of its Premium Economy class. air india retrofit This new class will feature 24 wide seats arranged in a 2-4-2 configuration, providing passengers with extra legroom and a more comfortable flying experience.

Soon, Air India aircraft will feature onboard WiFi & all-new cabins: Click here

“We are encouraged by the positive guest feedback we have received from the domestic deployment of our air india a350 interior to offer our hero product on the Delhi-New York JFK and Delhi-Newark routes. This is a significant leap forward for our U.S. operations that also underscores our commitment to continuous improvement,” said Campbell Wilson, Chief Executive Officer & Managing Director of Air India.

The A350’s Business class will set new standards with 28 private suites, each equipped with full-flat beds, direct aisle access, and personal wardrobes. Economy class will be configured to accommodate 264 passengers in a 3-4-3 layout. Across all cabins, passengers will enjoy the latest Panasonic eX3 in-flight entertainment system, offering over 2,200 hours of content.

Air India’s First A350-900: Interior, Routes, &Inflight Features: Click here

This strategic deployment marks a notable enhancement in Air India’s U.S. operations, with 60% of its flights to the U.S. now featuring new or upgraded cabin interiors. The air india new international routes currently operates 51 weekly flights to five U.S. destinations: New York JFK, Newark, Washington DC, Chicago, and San Francisco.

The revamped cabins, advanced in-flight entertainment systems, and improved service standards represent air india wifi commitment to providing a superior travel experience. “We believe this enhanced offering will solidify Air India’s position as a leading carrier and attract travellers seeking a world-class flying experience between India and the United States,” the airline stated.

Seats on these flights are now available for booking on Air India’s website, mobile app, and through travel agents, ensuring that passengers can easily plan their journeys on these newly upgraded routes.