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EgyptAir Plans Expansion to 125 Aircraft Fleet by 2030 Amid Strong Market Conditions

EgyptAir Plans Expansion to 125 Aircraft Fleet by 2030 Amid Strong Market Conditions

EgyptAir has announced plans to expand its fleet to 125 aircraft by 2030, up from a previous target of 97. This decision comes as the airline experiences strong financial performance and improved aircraft availability. The expansion is supported by the anticipated growth of Cairo International Airport and the robust tourism and travel market in Egypt. EgyptAir's CEO, Captain Ahmed Adel, expressed confidence in the airline's ability to maintain profitability despite regional conflicts. The airline is currently in discussions with lessors to secure additional aircraft, including Boeing 737-8s and Airbus A350-900s, to meet its expansion goals.
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Airbus A320 Family Orders Surpass 20,000 Amid Surge in May

Airbus A320 Family Orders Surpass 20,000 Amid Surge in May

Airbus A320 Family Orders Surpass 20,000 Amid Surge in May
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Deferring jet orders over Iran war would be costly for Middle Eastern carriers, IATA VP says

Deferring jet orders over Iran war would be costly for Middle Eastern carriers, IATA VP says

By Allison Lampert and Gabriel Araujo RIO DE JANEIRO, June 6 (Reuters) - Deferring jet orders due to uncertainty and higher jet fuel prices caused by the war in Iran would be unwise for Middle Eastern carriers, as the decision could be costly in the long term, a vice president of the airline trade
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Global airlines slash 2026 profit forecast on fuel shock from Iran war

Global airlines slash 2026 profit forecast on fuel shock from Iran war

By Gabriel Araujo, Luciana Magalhaes, Rajesh Kumar Singh and Allison Lampert RIO DE JANEIRO, June 7 (Reuters) - The global airline industry nearly halved its 2026 profit forecast on Sunday, citing conflict in the Middle East that has driven up fuel costs, disrupted key air corridors and exposed the
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Icelandair Leases Lithuanian Aircraft to Mitigate Fleet Delays Amid Crew Shortages

Icelandair Leases Lithuanian Aircraft to Mitigate Fleet Delays Amid Crew Shortages

Icelandair Leases Lithuanian Aircraft to Mitigate Fleet Delays Amid Crew Shortages
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Icelandair Leases Lithuanian Aircraft to Address Fleet Delay Amidst Crew Shortages

Icelandair Leases Lithuanian Aircraft to Address Fleet Delay Amidst Crew Shortages

Icelandair has leased an aircraft from Lithuanian airline Heston Airlines to cover a delay in the delivery of a new Airbus aircraft. This temporary arrangement, in place from June 3 to June 8, is a routine measure to maintain flight schedules when fleet availability is impacted. The lease is unrelated to the ongoing wage dispute between Icelandair and the Icelandic Airline Pilots Association (FIA), which has led to several flight cancellations due to crew shortages. The pilots' union has denied any industrial action, emphasizing that pilots are not on strike.
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Azul Airlines CEO Highlights Growth Opportunities in Brazilian Domestic Market

Azul Airlines CEO Highlights Growth Opportunities in Brazilian Domestic Market

Azul Airlines CEO Highlights Growth Opportunities in Brazilian Domestic Market
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Breeze Airways CEO Highlights Nonstop Routes as Key to Profitability

Breeze Airways CEO Highlights Nonstop Routes as Key to Profitability

Breeze Airways CEO Highlights Nonstop Routes as Key to Profitability
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High fuel costs to trigger airline failures and consolidation, industry chief says

High fuel costs to trigger airline failures and consolidation, industry chief says

By Joe Brock RIO DE JANEIRO, June 6 (Reuters) - Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body said on Saturday.
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Boeing weighs 737 ramp-up to approach Airbus production targets, Air Current reports

Boeing weighs 737 ramp-up to approach Airbus production targets, Air Current reports

June 4 (Reuters) - Boeing is exploring raising production of its bestselling 737 jet beyond its publicly stated target of 63 aircraft per month, the Air Current reported on Thursday.
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Boeing Considers Increasing 737 Production to Compete with Airbus

Boeing Considers Increasing 737 Production to Compete with Airbus

Boeing Considers Increasing 737 Production to Compete with Airbus
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Airbus delivered 81 jets in May after China logjam eases

Airbus delivered 81 jets in May after China logjam eases

PARIS, June 4 (Reuters) - Airbus delivered 81 aircraft in May, up sharply from a year earlier, partly due to the release of planes caught up in a regulatory stand-off with China, industry sources said. Airbus declined to comment on deliveries ahead of a monthly update on Friday.