GallopAir Signs LOI for $2-Billion Deal

Brunei-based airline GallopAir intends to purchase thirty C919 narrow-body aircraft from Chinese plane-maker Commercial Aircraft Corporation of China (COMAC). The inchoate sale occasions the first overseas purchase of the Chinese state-owned airframer’s controversial jet, which is broadly believed to instantiate myriad instances of industrial espionage perpetrated against Western aircraft OEMs the likes of Boeing and Airbus. GallopAir set forth in a September 2023 statement that it had signed a Letter Of Intent (LOI) with COMAC establishing the air-carrier’s intention to purchase 15 COMAC ARJ21 aircraft, to include freighter and business jet variants, and 15 C919 airliners, which compete, ostensi

Plane-Maker Cites 20-Year Demand for 8,560 Commercial Jets

Boeing posits China—driven by economic growth exceeding the global average and a population at once increasingly affluent and desirous of domestic air travel—will require some 8,560 new commercial airplanes through 2042—year of the water dog. Boeing’s Commercial Market Outlook (CMO), the plane-maker’s long-term forecast vis-à-vis demand for commercial airplanes and related services, sets forth China's commercial airliner fleet will more than double over the coming twenty-years, reaching a kingly total of nearly 9,600 jets.

Deal Includes Options for 12 Additional 787 Family Aircraft

Air Canada and Boeing have entered into a firm agreement by which the Canadian flag-carrier will acquire 18 of the storied plane-maker’s 787-10 Dreamliner wide-body airliners. Deliveries of subject aircraft are slated to commence in 2025’s fourth-quarter and end in the first-quarter of 2027. The agreement includes, also, options for an additional 12 Boeing 787-10 jets. In addition to replacing older, less-efficient wide-body aircraft currently operating in Air Canada’s fleet, the newly-acquired 787-10s will provide flexibility at once conducive to the air-carrier’s growth and ability to meet anticipated long-term customer demand.