Search found 496 matches

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by Scotron12
Thu Aug 20, 2020 7:13 am
Forum: Civil Aviation
Topic: A330neo future bleak from COVID impact
Replies: 251
Views: 27954

Re: A330neo future bleak from COVID impact

https://www.fool.com/investing/2020/07/ ... ssues.aspx
-->

I don't know how many A330neos are already built and awaiting delivery, but Boeing has 787 delivery issues too.

According Bloomberg, Boeing has up to 50 x B787s built but not delivered.

https://www.fool.com/investing/2020/07/ ... ssues.aspx

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by Scotron12
Wed Aug 19, 2020 5:35 pm
Forum: Civil Aviation
Topic: A330neo future bleak from COVID impact
Replies: 251
Views: 27954

Re: A330neo future bleak from COVID impact

I do not know why Leehman singled out the A330neo as an aircraft on life support. If any aircraft that needs life support it's the 777X. We are mid August 2020, Boeing delayed the 777X EIS until 2022. They will reduce the 777 production in 2021 to 2 per month..for all the the 777 models. Leeham isn...

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by Scotron12
Wed Aug 19, 2020 4:56 pm
Forum: Civil Aviation
Topic: A330neo future bleak from COVID impact
Replies: 251
Views: 27954

Re: A330neo future bleak from COVID impact

I think all airlines are praying that recovery is faster than it looks. Even I am, but Im stuck here in UK with no where to go. Sure, I can go some places..but not Asia without massive restrictions, and certainly not USA. On the EK A380 thread they are restricted to less than 50pax into Australia......

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by Scotron12
Mon Aug 17, 2020 1:28 pm
Forum: Civil Aviation
Topic: A330neo future bleak from COVID impact
Replies: 251
Views: 27954

Re: A330neo future bleak from COVID impact

A shame really, but the A330NEO was a stop-gap measure anyway. Airbus probably made some money out of the production run of around 175-200 and kept the prices of the Boeing 787 "honest'. Goal achieved. I think the A330neo is a lot better than most think. Covid is not helping, but most airframe...

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by Scotron12
Thu Aug 13, 2020 9:08 am
Forum: Civil Aviation
Topic: Boeing Confirms 747 Production Will End in 2022, Delays 777X Entry to 2022, Reduces 787/777/777X Production
Replies: 177
Views: 29118

Re: Boeing Confirms 747 Production Will End in 2022, Delays 777X Entry to 2022, Reduces 787/777/777X Production

A vaccine in 2021 would not help the 779 if the production rate for all 777s is at 2 per month.

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by Scotron12
Wed Aug 12, 2020 3:15 pm
Forum: Non-Aviation
Topic: Five Word Story Thread - Q3 2020
Replies: 213
Views: 10801

Re: Five Word Story Thread - Q3 2020

readytotaxi wrote:
vacationers, remember when life was..............



But a dream, for many

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by Scotron12
Wed Aug 12, 2020 10:37 am
Forum: Civil Aviation
Topic: Cathay Pacific News and Discussion thread
Replies: 333
Views: 97967

Re: Cathay switches 2 A350-1000s to A350-900. Reiterates 777-9 deferral preference

Smart move, in my opinion. Keep a very efficient aircraft but downsize a bit and, for the long term, keep a very large, very efficient aircraft for the return of traffic in a couple of years. Very smart move. Their A350s seem to be doing the bulk of their flying right now. They are able to stretch ...

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by Scotron12
Tue Aug 11, 2020 11:22 am
Forum: Civil Aviation
Topic: Boeing Confirms 747 Production Will End in 2022, Delays 777X Entry to 2022, Reduces 787/777/777X Production
Replies: 177
Views: 29118

Re: Boeing Confirms 747 Production Will End in 2022, Delays 777X Entry to 2022, Reduces 787/777/777X Production

330neo have advantage over 787 with low initial price. what advantage will have 358 over 787? range 18k nm? A330neo is already produced and in service. Hard to see A358 getting made. Airbus will stick with what they have, down the road maybe some upgrades to A350s...all depends when travel returns....

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by Scotron12
Tue Aug 11, 2020 6:48 am
Forum: Non-Aviation
Topic: Hong Kong crackdown begins!
Replies: 26
Views: 1293

Hong Kong crackdown begins!

The owner of Apple Daily Newspaper, Jimmy Lai, was arrested under the recently enacted Security Law, for colluding with foreign forces. Lai is a well known supporter of democracy in HK. Total of 10 people were held, including his two sons. I think China is out of control. https://www.bbc.com/news/wo...

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by Scotron12
Tue Aug 11, 2020 6:32 am
Forum: Civil Aviation
Topic: Boeing Confirms 747 Production Will End in 2022, Delays 777X Entry to 2022, Reduces 787/777/777X Production
Replies: 177
Views: 29118

Re: Boeing Confirms 747 Production Will End in 2022, Delays 777X Entry to 2022, Reduces 787/777/777X Production

https://seekingalpha.com/article/436696 ... ar-airways
-->

This article in Seeking Alpha, questions the need for the 777X at QR. They identify maybe 34 but not 60 by 2025. Possible deferrals into 2030s.

Article is quite badly written. Take of it what you will.

https://seekingalpha.com/article/436696 ... ar-airways

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by Scotron12
Fri Aug 07, 2020 5:21 am
Forum: Civil Aviation
Topic: QANTAS to park most of the 787 fleet
Replies: 86
Views: 29601

Re: QANTAS to mothball most of the 787 fleet

gatibosgru wrote:
Is there nowhere in Australia that they could park these?


Alice Springs...is where SQ & CX are using. Could be no space. No clue as to other facilities available in Australia.

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by Scotron12
Thu Jul 30, 2020 1:15 pm
Forum: Civil Aviation
Topic: Boeing Confirms 747 Production Will End in 2022, Delays 777X Entry to 2022, Reduces 787/777/777X Production
Replies: 177
Views: 29118

Re: Boeing Confirms 747 Production Will End in 2022, Delays 777X Entry to 2022, Reduces 787/777/777X Production

No narrative whatsoever. Just commenting on the changing and challenging environment aviation finds itself in right now. Airbus cut their A350 rate to 5/month. Do not see any meaningful recovery until 2023 at best...2025 at worse. So my comment on EK and their 777x commitments, they already cut them...

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by Scotron12
Thu Jul 30, 2020 12:49 pm
Forum: Civil Aviation
Topic: Boeing Confirms 747 Production Will End in 2022, Delays 777X Entry to 2022, Reduces 787/777/777X Production
Replies: 177
Views: 29118

Re: Boeing Confirms 747 Production Will End in 2022, Delays 777X Entry to 2022, Reduces 787/777/777X Production

Wasn't the writing on the wall when EK cut their 777X orders and replaced them with 787s?? Now they talk of reducing further in favor of more 787s.

I have read recently that CX & SQ have agreed with Airbus to defer orders, LH seems to be doing the same. But not a peep out of Seattle.

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by Scotron12
Fri Jul 24, 2020 10:15 am
Forum: Civil Aviation
Topic: Emirates UK Schedule at 2/3 by October. Will cover Covid medical bills
Replies: 0
Views: 729

Emirates UK Schedule at 2/3 by October. Will cover Covid medical bills

EK schedule to UK will show a reduction of approx 1/3rd from preCovid levels. LHR 5x daily...LGW 1x daily...MAN...2x daily...GLA 1x daily. All on A380 effective October. https://www.independent.co.uk/travel/news-and-advice/emirates-airbus-a380-return-service-dubai-heathrow-manchester-gatwick-stanste...

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by Scotron12
Wed Jul 22, 2020 1:00 pm
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Emirates: 777X further delayed until 2022, considering to convert more orders to 787

I think it's all a bit up in the air. No pun. Recent reports are that up to 30 B787s are sitting around with no customers taking them. If the 777X production is in full swing, who's taking them? Simple Flying writes that LH is taking their 779s next year, but at the same time LH is deferring A350s? ...

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by Scotron12
Wed Jul 22, 2020 6:49 am
Forum: Civil Aviation
Topic: Cathay Pacific News and Discussion thread
Replies: 333
Views: 97967

Re: Cathay Pacific News and Discussion thread

CX has concluded negotiations with Airbus to defer deliveries on A350s and A321s. Will now receive them from now thru 2025 instead of from now thru 2023. Also in advanced talks with Boeing to defer their 779s. No plans to cancel or swap for any 787s. https://uk.reuters.com/article/uk-cathay-pacific-...

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by Scotron12
Wed Jul 22, 2020 6:42 am
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Emirates: 777X further delayed until 2022, considering to convert more orders to 787

Good news from CX. They have concluded negotiations with Airbus to defer deliveries on A350s and A321s. Instead of receiving them from now thru 2023, they will receive them from now thru 2025. They are in advance discussions with Boeing to delay their 779s, but no plans to cancel or swap for any 787...

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by Scotron12
Tue Jul 21, 2020 11:04 pm
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Emirates: 777X further delayed until 2022, considering to convert more orders to 787

There is no official statement from Boeing that they will offer an enhanced version of the 787-10 AFAIK.

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by Scotron12
Tue Jul 21, 2020 10:18 am
Forum: Non-Aviation
Topic: Gas Prices in the United States
Replies: 30
Views: 1387

Re: Gas Prices in the United States

As you may know, gas prices are real low due to the COVID-19 pandemic and in the Dallas area where I live, they are $1.80-$1.90 a gallon, the lowest summer prices that have been seen since about 2004. At one point, gas was $1.10-$1.20 a gallon back in say March and April from what I saw. What parti...

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by Scotron12
Mon Jul 20, 2020 8:30 am
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Emirates: 777X further delayed until 2022, considering to convert more orders to 787

That 309 figure includes orders for the B778, which as of now is shelved.

EK have stated they may convert more 779s to the smaller 787. CX fleet decision will not be decided until later this year. So the 309 orders is looking quite fragile at the moment.

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by Scotron12
Sun Jul 19, 2020 10:29 pm
Forum: Civil Aviation
Topic: Updated: BA fleet parking, will retire 747 fleet
Replies: 350
Views: 87684

Re: Updated: BA fleet parking, will retire 747 fleet

Would be cool to let Banksy do a farewell 747 mural on some wall around LHR. Oh dear God!!!! Hasn’t 2020 caused enough suffering? Besides some of the world tails the fleet wore during the Utopia years were art enough for one lifetime. Yeah.. not to digress...but the World Tails, were not so bad! Ne...

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by Scotron12
Sun Jul 19, 2020 12:06 pm
Forum: Civil Aviation
Topic: Updated: BA fleet parking, will retire 747 fleet
Replies: 350
Views: 87684

Re: Updated: BA fleet parking, will retire 747 fleet

And as the article says, right now it's difficult enough to fill 35 CW seats on a B788....nevermind 80 CW on a 744. But, their 787-10s were for expansion and they have 12 of them coming in. Plus plenty of options on A350s and their orders on the 779s.

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by Scotron12
Sun Jul 19, 2020 9:21 am
Forum: Civil Aviation
Topic: Updated: BA fleet parking, will retire 747 fleet
Replies: 350
Views: 87684

Re: Updated: BA fleet parking, will retire 747 fleet

According to Forbes, the withdrawal of BAs entire 744 fleet is driven by the amount of premium seating. Some of their 744s had 100 premium seats with F and CW. They do not predict the heavy business traffic to rebound quickly. In fact, we could see their 772s also withdrawn faster than planned too. ...

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by Scotron12
Fri Jul 17, 2020 8:42 am
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Emirates: 777X further delayed until 2022, considering to convert more orders to 787

I don't disagree. Just kinda unfortunate that Covid-19 has arrived just as the 777X is arriving in the market. BA has now decided to permanently retire their 28 B744s. All their 12 A380s are parked. Could see them accelerate their 18 779s they have on order. Then you have EK...they don't expect thei...

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by Scotron12
Wed Jul 15, 2020 7:58 am
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Emirates: 777X further delayed until 2022, considering to convert more orders to 787

309 is a bad number for such program. Admittedly 310 is better...and so is 610...but unless you are privy to the actual 777X R&D, testing and production cost figures, 309 being 'bad' is quite a wobbly proposition... Faro Into that 309 figure are orders for the 777-8, which right now has been sh...

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by Scotron12
Tue Jul 14, 2020 8:24 am
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Emirates: 777X further delayed until 2022, considering to convert more orders to 787

TK operates their 77W with 349 seats (C49Y300) and the A359 (C32Y297). So I don't see what need they would have for the 777X. Even their B789s seat 300pax (C30Y270)

The A350-1000 or the B787-10 would be more suitable.

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by Scotron12
Mon Jul 13, 2020 10:40 am
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Emirates: 777X further delayed until 2022, considering to convert more orders to 787

One more thing I want to add is. Everything in the market now is efficient , there’s nothing that’s not efficient if we really look at it. Everything now is about size and range, what size/range of aircraft do you want? And there about 7 different sizes of aircraft and I think the 777X will certain...

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by Scotron12
Mon Jul 13, 2020 9:35 am
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Emirates: 777X further delayed until 2022, considering to convert more orders to 787

One more thing I want to add is. Everything in the market now is efficient , there’s nothing that’s not efficient if we really look at it. Everything now is about size and range, what size/range of aircraft do you want? And there about 7 different sizes of aircraft and I think the 777X will certain...

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by Scotron12
Sat Jul 11, 2020 2:01 pm
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Emirates: 777X further delayed until 2022, considering to convert more orders to 787

Three plus years at a minimum. Hopefully they'll still be relevant at that point in time. High loads and higher fuel prices will be key. The price tag doesn't support its advantage over the 77W. And for many even the 77W is too much airplane for most missions. Good thing the 787 family is out there...

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by Scotron12
Fri Jul 10, 2020 8:39 pm
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Emirates: 777X further delayed until 2022, considering to convert more orders to 787

There seems to be a lot of misimformation out there. LH recently said they will take a total of 80 new aircraft thru 2023, but did not specify type. Qatar is quoted as saying no new deliveries thru 2022. It's difficult to get an actual true number. Even Boeing themselves have not provided any guidan...

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by Scotron12
Thu Jul 09, 2020 9:23 pm
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Emirates: 777X further delayed until 2022, convert more orders to 787

PepeTheFrog wrote:
Opus99 wrote:
There's definitely no need for anyone to take it on before 2022


Unless traffic recovery happens faster than predicted.


Where? I would love to see but I don't think any recovery by 2022 is realistic.

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by Scotron12
Wed Jul 08, 2020 6:04 pm
Forum: Civil Aviation
Topic: Boeing 737MAX Grounding, General Discussion Thread, Q3 2020
Replies: 680
Views: 105202

Re: Boeing 737MAX Grounding, General Discussion Thread, Q3 2020

The issue with the MAX being safe going forward is whether it will be produced long enough to clear its current bad name, the saying is that time heals all, for the MAX that is the million dollar question. I expect COVID has added five years, minimum, to the EIS plans for NSA/737RS at Boeing and NR...

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by Scotron12
Wed Jul 08, 2020 9:54 am
Forum: Civil Aviation
Topic: LH to take maximum of 80 new aircraft thru 2023
Replies: 9
Views: 3371

LH to take maximum of 80 new aircraft thru 2023

Lufthansa will halve the intake of new planes thru end of 2023 and cut jobs. Altho they do not specify models, right now they have on order (Cirium): 61xA320neo 35xA321neo 27×A359 20×B779 20×B789 LX have 15xA320neos, 8xA321neos and 1xA220. Be interesting to see whch are deferred. Makes no mention of...

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by Scotron12
Wed Jul 01, 2020 10:47 am
Forum: Civil Aviation
Topic: Future of IAG post-pandemic
Replies: 55
Views: 6709

Re: Future of IAG post-pandemic

These 2023/24 commemts are based not on facts. They cant know. Next summer things might be really good again. And they keep saying 2019 levels, but 2017 and 2018 where already fantastic years. Getting back to 2017/18 levels is already great. De CEOs keep saying 2023/24 so they can fire more people....

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by Scotron12
Tue Jun 30, 2020 6:58 pm
Forum: Civil Aviation
Topic: Future of IAG post-pandemic
Replies: 55
Views: 6709

Re: Future of IAG post-pandemic

BA's most important market is LHR-USA. Without this market, there's no need for the high J 747s...even the high J 777s. The current travel ban is the big spoiler. Until the travel ban is lifted, it will cost IAG quite a bit Fauci says the travel ban will last many months rather than weeks. https://w...

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by Scotron12
Sun Jun 28, 2020 7:18 am
Forum: Civil Aviation
Topic: New York Court investigating Etihad debt agreements
Replies: 12
Views: 3381

Re: New York Court investigating Etihad debt agreements

Not related, but the Italians are investigating the AZ management when EY was a major shareholder. All to do with fees EY collected plus the very expensive lease agreements on A330s that AZ paid EY during that time. https://www.eturbonews.com/543213/alitalia-etihad-bankruptcy-investigation-closed-21...

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by Scotron12
Sat Jun 27, 2020 9:13 am
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Official: Emirates to consider adding narrow body aircraft

I don't think so. The root of the issue is that capacity in the post-covid world is being evaluated. They'll need to find a way to rightsize capacity until demand recovers. The EK business model is built on the long haul, premium experience, high volume hub and spoke traffic. The 7M8/321s just does...

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by Scotron12
Thu Jun 25, 2020 4:23 am
Forum: Civil Aviation
Topic: Boeing 737MAX Grounding, General Discussion Thread, Q2 2020
Replies: 607
Views: 57793

Re: Boeing 737MAX Grounding, General Discussion Thread, Q2 2020

EASA and Transport Canada requiring Boeing to upgrade their flight control systems on the 737MAX. FAA has ordered Boeing to comply to satisfy their concerns. Upgrades must be ASAP after RTS. https://www.seattletimes.com/business/boeing-aerospace/foreign-regulators-demand-substantial-new-changes-to-b...

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by Scotron12
Thu Jun 25, 2020 4:18 am
Forum: Civil Aviation
Topic: Boeing 737MAX Grounding News and Reference Thread 2020
Replies: 216
Views: 316528

Re: Boeing 737MAX Grounding News and Reference Thread 2020

EASA and Transport Canada are requiring Boeing to make changes to the 737MAX flight controls FAA has told Boeing it must do the design upgrades to satisfy their concerns. Upgrades can be done after RTS. https://www.seattletimes.com/business/boeing-aerospace/foreign-regulators-demand-substantial-new-...

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by Scotron12
Thu Jun 18, 2020 2:17 pm
Forum: Civil Aviation
Topic: Qatar Airways News and Discussion Thread
Replies: 200
Views: 15672

Re: Qatar CEO: no new Airbus or Boeing deliveries until 2022

The start post is not complete. Here's the summary of what Al Baker has said: - The 737 MAX plans are off, they don't need the type anymore. - Outstanding widebody orders will be deferred by 8 to 10 years (!). No cancellations are planned. - However, QR is keen to accept aircraft already in product...

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by Scotron12
Thu Jun 04, 2020 1:38 pm
Forum: Civil Aviation
Topic: Boeing 777X Testing/Production Thread - 2020
Replies: 1668
Views: 317098

Re: Boeing 777X Testing/Production Thread - 2020

As mentioned by RobK on the Boeing 777 Production/Delivery Thread - 2020, the first 777-9 for Qatar Airways, A7-BKA (LN1656), will roll out of the factory soon. As a side note, it looks like N779XX once again turned back today before reaching the Oregon-California border. https://flightaware.com/li...

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by Scotron12
Wed Jun 03, 2020 7:39 pm
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Rumour: Emirates to decommission 40% of A380 fleet

A final decision regarding the fleet and upcoming orders will be announced in few months https://www.reuters.com/article/us-health-cornonavirus-emirates-airline/emirates-to-decide-on-fleet-size-in-the-next-few-months-idUSKBN23923Z?il=0 I feel the B787 and A350 orders are safer than the B779s, only ...

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by Scotron12
Sun May 17, 2020 4:13 pm
Forum: Civil Aviation
Topic: Project Sunrise Approved - Pilot Agreement or Not
Replies: 376
Views: 56457

Re: Project Sunrise Approved - Pilot Agreement or Not

QF could quite easily have bought 77Ls if they were viable, it's been available for 15+ years. Someone has already said this. Oil price has averaged $90 a barrel for the last 15 years. Oil price is now below $30 a barrel and all indications is that it will remain low for many years. So only now are...

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by Scotron12
Sun May 17, 2020 1:59 pm
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Rumour: Emirates to decommission 40% of A380 fleet

Demand will eventually return. Even in the epicenter of the coronavirus in NYC, people are getting out again and phase I of the reopening hasn’t even begun yet here. People are beginning to think about summer travel plans and Emirates will eventually need the 777-9 because they have ONE very conges...

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by Scotron12
Sun May 17, 2020 10:56 am
Forum: Civil Aviation
Topic: Project Sunrise Approved - Pilot Agreement or Not
Replies: 376
Views: 56457

Re: Project Sunrise Approved - Pilot Agreement or Not

Sure. Starting your most prestigious flights with some left overs with a cheap hybrid livery and a cabin which screams "this isn't Qantas!".... I really like your "out of the box" thinking, but I can't see Qantas starting with Project Sunrise with the 777LR. For the short term, ...

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by Scotron12
Sun May 17, 2020 10:35 am
Forum: Civil Aviation
Topic: Emirates Network & Fleet discussion 2020
Replies: 1461
Views: 4765

Re: Rumour: Emirates to decommission 40% of A380 fleet

If true, this is a game changer for A380 operations, spare parts supply situation, and overall type economics. https://www.paddleyourownkanoo.com/2020/05/17/exclusive-emirates-to-permanently-decommission-40-of-airbus-a380-fleet-axe-nearly-a-third-of-cabin-crew-and-pilots/ Interesting he says that E...

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by Scotron12
Sun May 17, 2020 10:27 am
Forum: Civil Aviation
Topic: Project Sunrise Approved - Pilot Agreement or Not
Replies: 376
Views: 56457

Re: Project Sunrise Approved - Pilot Agreement or Not

I'd expect them to just put Qantas stickers over any Delta logo. The aircraft have fresh cabins. Sure. Starting your most prestigious flights with some left overs with a cheap hybrid livery and a cabin which screams "this isn't Qantas!".... I really like your "out of the box" th...

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by Scotron12
Fri May 08, 2020 7:29 am
Forum: Civil Aviation
Topic: Boeing 737MAX Grounding, General Discussion Thread, Q2 2020
Replies: 607
Views: 57793

Re: Boeing 737MAX Grounding, General Discussion Thread, May 2020

Doesn't sound rather promising! Deal For 200 Boeing 737 MAXs Impacted If British Airways Closes London Gatwick Base British Airways told staff it could close its London Gatwick base, raising questions about the 200 Boeing 737 MAX aircraft that the airline’s parent, IAG, signed a letter of intent to...

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by Scotron12
Thu May 07, 2020 9:10 am
Forum: Civil Aviation
Topic: Boeing 737MAX Grounding News and Reference Thread 2020
Replies: 216
Views: 316528

Re: Boeing 737MAX Grounding News and Reference Thread 2020

https://www.bloomberg.com/news/articles ... long-slump
-->

In announcing IAGs results, Willie Walsh reiterated that IAGs LOI for 200 737MAX remains in place.

https://www.bloomberg.com/news/articles ... long-slump

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