Emirates confirmed it currently has 155 aircraft on order, worth USD50 billion, and has no plans to cancel any of the orders (Emirates Business 24/7, 11-Oct-2009). The aircraft are to be delivered by 2020.
Emirates confirms it currently has 155 aircraft on order
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Malaysia Airlines CEO Peter Bellew: "Something very wrong in the (Asian) long haul market"
Peter Bellew spent a decade at Ryanair before joining Malaysia Airlines in late 2015, initially as COO before being promoted to CEO in mid 2016. Mr Bellew held a wide range of positions during his tenure at Ryanair – including in operations, training, sales and marketing – providing ample exposure to Michael O’Leary’s unique approach to running an airline.
The new Malaysia Airlines strategy being implemented by Mr Bellew is decidedly non LCC. In recent months the government owned airline has reinforced its premium position, invested in its full service product, resisted unbundling, and pursued closer relationships with travel agents. However, Mr Bellew’s approach with supplier negotiations and media seems at times Ryanair-esque.
Mr Bellew has been extremely blunt in media interviews, public speeches and private meetings. He is not shy to talk about industry weaknesses and challenges – as well as opportunities to secure additional aircraft at bargain basement prices.
Ex-Im Bank: its withdrawal can undermine 2nd and 3rd tier airlines. TAAG Angola Airlines case study
TAAG Angola Airlines is discussing with Boeing a potential acquisition of additional 737 aircraft which would be used to rightsize and grow its fleet. TAAG operates an all Boeing fleet and has traditionally relied on guarantees from the US Ex-Im Bank, which has an uncertain future under the administration of the new US President Donald Trump.
TAAG prefers to stick with the 737 to support regional growth and potentially replace some of its older model 777s. It is not yet considering other aircraft options – such as the Airbus A320, Embraer E190 or Bombardier CSeries families. However, TAAG and its government shareholder will have to consider other manufacturers – and other loan guarantees schemes – if Boeing does not come up with a viable financing alternative.
TAAG has completed an initial phase of a turnaround, posting a near break even result in 2016, but needs to change its fleet composition to position the airline for long term profitability. The government owned airline has too many 777s, given the limited size of its long haul network, and also needs to retrofit at least some of these aircraft as they are in an unideal three class configuration.