The Air Transport Association of America (ATA) filed (16-Nov-2011) suit against the Export-Import Bank of the United States (Ex-Im Bank) to halt a pending deal for USD3.4 billion in loan guarantees for aircraft financing to Air India, saying that it "fails to meet statutory requirements, including consideration of the impact on the US airline industry and US airline jobs". The Ex-Im Bank recently approved USD1.3 billion in loan guarantees for Air India, and is considering an additional USD2.1 billion in loan guarantees, to support the purchase of 30 aircraft, including 27 B787s for delivery between 2011-2015. In a suit filed with the US District Court of the District of Columbia, ATA asked the court to find the Air India loan-guarantee commitments unlawful, to prevent the loan guarantees from being issued, and to order injunctive relief requiring the Ex-Im Bank to comply with its statutory obligations. ATA also asserted the practices of Ex-Im Bank put US carriers at a commercial disadvantage to foreign carriers. Specifically, the US loan guarantees enable foreign carriers to obtain financing for aircraft at considerably lower rates, in some cases up to 50% lower, than what US airlines must pay on the commercial market, it claims. ATA added foreign carriers have received more than USD52 billion in US loan guarantees over the last 10 years. [more - original PR]
ATA to sue US Ex-In Bank over Air India loan guarantees
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Global commercial aircraft deliveries fell in 2016 as Boeing again outsold Airbus; 2017 to be a peak
The global commercial aircraft fleet grew by 4% in 2016 and the year ended with an order backlog of more than nine years of production. Among the regions, North America still has the biggest and oldest fleet, but the lowest ratio of orders to aircraft in service. By contrast, Middle East has the fewest in service, but the highest ratio of orders to current fleet numbers.
This report gives an overview of the number of commercial aircraft deliveries in 2016 and the outlook into 2017 and beyond. It also looks at numbers in service and on order by region. It is based on preliminary numbers from the CAPA Fleet Database and guidance on 2016 deliveries from Airbus and Boeing, who have yet to announce final numbers.
The data indicate that total worldwide deliveries fell in 2016, the first such decline for six years, as a result of delays to new aircraft programmes. Boeing delivered more aircraft than Airbus for the fifth straight year, but its deliveries fell short of its 2015 level, while Airbus increased its numbers year-on-year. Total deliveries will likely rise again in 2017, but this may prove to be a peak year.
Airports - subject as always to the vicarious uncertainty of airline fortunes
CAPA’s 2016 outlook was against a background of unusually high levels of profitability for airlines.