Precision Air plans to review its five-year strategic plan as part of its plans to expand into new markets (eTN, 07-Jun-2013). Precision Air CEO Sauda Rajab said the airline is looking to map out a revised course for the airline’s fleet and operational expansion and planned to reassess its current position. Ms Rajab said, “The next 5 years will be exciting ones for the airline, and the plan will involve massive growth in Precision Air’s operations and will, therefore, require major injection of funds. Various investment options are being reviewed, and once the plan has been finalised and approved by the Board, it will be shared with various stakeholders and the public at large”.
Precision Air to review its five-year strategic plan
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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.