Monarch Airlines on October 12, 2016 announced the biggest investment in its 48 year history, a ยฃ165 million ($202.4 million) investment from its majority shareholder, Greybull Capital.
As a result of this investment Monarch has successfully renewed its ATOL licences from the CAA for the next 12 months and funded future growth plans.
In October 2014, Monarch announced an order for 30 Boeing 737 MAX 8 aircraft (above), with options for a further 15 planes. The first of these aircraft is due to be delivered in 2018.
The arrival of these state-of-the-art, fuel efficient aircraft in less than two yearsโ will enable Monarch to continue to provide passengers with a best in class inflight experience and allow the company to enjoy significant operational cost savings.
Andrew Swaffield, Chief Executive Officer of The Monarch Group, commented: โIt is testament to the extensive effort by all parties, over the past weeks and months, that we are able to announce the largest investment in our 48-year history, as well as the renewal of our ATOL licences.
โIโd like to thank the CAA, our shareholders, partners, loyal customers and the team at Monarch for helping us to achieve this successful outcome. We are now firmly focused on the future as a stronger Monarch.โ
Seabury Group LLC and Seabury Securities (UK) Ltd. served as financial advisor with respect to the recapitalisation.
Qatar Airways and Boeing have announced an order for 30 787-9 Dreamliners (above) and 10 777-300ERs, valued at $11.7 billion at list prices, validating the value, reliability and performance of Boeing’s twin-aisle airplanes.
The airline also signed a Letter of Intent for up to 60 737 MAX 8s (below), valued at $6.9 billion at list prices.
This announcement builds on Qatar Airways’ current fleet of 84 Boeing aircraft, a combination of 787s and 777s, all delivered over the last nine years. With this new order, Qatar Airways increases its firm order backlog of Boeing widebody airplanes from 65 to 105, including 60 777Xs.
The announcement was attended by the State of Qatar’s Minister of Finance, His Excellency Ali Shareef Al Emadi, U.S. Deputy Secretary of State Tony Blinken and the Ambassador of Qatar, His Excellency Mohammed Jaham Al-Kuwari.
Qatar Airways’ relationship with Boeing was renewed in 2006. Since then, there have been many milestones in the partnership. The airline was the first to operate the 787 in the Middle East and is a launch customer for the 777X. With the commitment for the 737 MAX 8, it would be the first Boeing single-aisle airplane model to join Qatar Airways’ fleet in more than 15 years.
Boeing (Chicago, Seattle and Charleston) today made this announcement of the roll out at Renton of the first Boeing 737 MAX 8:
Today, thousands of Boeing (BA) employees in Renton, Wash., celebrated the completion of final assembly of the first 737 MAX 8.
“Today marks another in a long series of milestones that our team has achieved on time, per plan, together,” said Keith Leverkuhn, vice president and general manager, 737 MAX, Boeing Commercial Airplanes. “With the rollout of the new 737 MAX โ the first new airplane of Boeing’s second century โ our team is upholding an incredible legacy while taking the 737 to the next level of performance.”
The production-complete airplane rolled out of the Renton factory and into the paint hangar on Nov. 30, the precise date determined when the MAX development schedule was defined more than four years ago. Today the freshly painted 737 MAX 8, named the Spirit of Renton, was revealed to employees in a special teal version of the Boeing livery. After celebrations are complete, the airplane will undergo pre-flight preparation in the factory before departing for Renton Field to continue flight test readiness. The airplane is on track for first flight in early 2016.
With the second and third 737 MAX 8 flight test airplanes currently in final assembly and the fourth (and final) in sub-assembly, the 737 MAX remains on track for first delivery to launch customer Southwest Airlines in the third quarter of 2017.
The new single-aisle airplane will deliver 20 percent lower fuel use than the first Next-Generation 737s and the lowest operating costs: 8 percent per seat less than the A320neo.
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Boeing-designed Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX 8 is the first member in Boeing’s new family of single-aisle airplanes โ the 737 MAX 7, MAX 8, MAX 200 and MAX 9 โ to begin production. The 737 MAX family has nearly 3,000 orders from 60 customers worldwide.
Photos: Boeing. Boeing 737 MAX 8 N8701Q (msn 42554) will eventually be delivered to launch customer Southwest Airlines.
Jet Airways (Mumbai) and Boeing announced an order for 75 737 MAX 8 airplanes at the 2015 Dubai Airshow.
The announcement marks the largest order in Jet Airways’ history and supports the airline’s replacement strategy to have the most modern and environmentally progressive airplane fleet. The order, previously attributed to an unidentified customer, includes conversions of 25 Next-Generation 737s to 737 MAX 8s, as well as options and purchase rights for an additional 50 aircraft.
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.
Boeing (Chicago, Seattle and Charleston) and Enter Air (Warsaw) have announced an order for two 737 MAX 8s and two Next-Generation 737-800s. The order, worth more than $400 million at current list prices and previously attributed to an unidentified customer, is the first direct order for Boeing from the Polish charter carrier.
Enter Air continues to grow following its first commercial flight in 2010. Today, the Warsaw based carrier serves more than 70 holiday destinations across the Mediterranean, Africa, the Middle East and Asia with an all-Boeing fleet of 17 Classic and Next-Generation 737s.
Boeing (Chicago, Seattle and Charleston) and SMBC Aviation Capital (Dublin), one of the world’s largest aircraft lessors, announced an order for 10 737 MAX 8s today at the Paris Air Show. This deal adds to a 2014 order placed by the lessor for 80 737 MAX 8s for a total of 90 on order.
Boeing has been doing business in Japan for more than 60 years, during which time it has built close and enduring partnerships with Japanese customers and industry partners. Japanese customers have purchased over 1,000 Boeing airplanes and Japan’s aerospace companies make a significant contribution to all Boeing commercial airplane programs: the 737, 747-8, 777 and 787, and now the 737 MAX and 777X.
SMBC Aviation Capital has a modern fleet of over 370 owned and managed aircraft valued at more than $10.5 billion, which includes 180 Boeing airplanes. The leasing company has 95 airline customers and over 42 investors in more than 40 countries around the world. It is headquartered in Dublin and has offices in Tokyo, Shanghai, Beijing, Hong Kong, Singapore, New York, Amsterdam, Toulouse and Seattle.
Boeing (Chicago, Seattle and Charleston) and AerCap (Amsterdam) announced an order for 100 737 MAX 8s today at the Paris Air Show. The order, valued at $10.7 billion at current list prices, is the first 737 MAX order for AerCap.
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX will be 14 percent more fuel-efficient than today’s most efficient Next-Generation 737s โ and 20 percent better than the original Next-Generation 737s when they first entered service.
AerCap is a global leader in aircraft leasing with 1,800 aircraft that are owned, managed, or under contract to purchase. AerCap serves over 200 customers in more than 90 countries with comprehensive fleet solutions and provides part-out and engine leasing services through its subsidiary, AeroTurbine. AerCap is listed on the New York Stock Exchange (AER).
Boeing (Chicago, Seattle and Charleston) and Garuda Indonesia (Jakarta) announced today (June 15) the airline’s intent to purchase 30 787-9 Dreamliners, as well as up to 30 737 MAX 8 airplanes.
Boeing will work with Garuda Indonesia to finalize the order, at which time it will be posted to Boeing’s Orders & Deliveries website.
In addition to the announcement today, the flag carrier also reconfirmed its intent to purchase 50 737 MAX 8s, originally announced in October 2014. The airline currently operates more than 90 Boeing airplanes, including Next-Generation versions of the 737, 777-300ERs and 747-400s.
Garuda Indonesia seamlessly connects 76 destinations worldwide to not only one of the largest economies in Southeast Asia, but also an array of exotic locations in the beautiful archipelago of Indonesia all at once. With close to 600 daily flights and a fleet of 169 aircraft with the average age of less than five years old, Garuda Indonesia proudly serves its passengers with the award-winning “Garuda Indonesia Experience” service, which highlights Indonesia’s warm hospitality and rich diverse culture.
Top Copyright Photo: Michael B. Ing/AirlinersGallery.com. The new Boeing 737 MAX 8s will replace the current Boeing 737-800 fleet. The 787-9 will be a new type for Garuda. The pictured Boeing 737-8U3 PK-GMC (msn 30155) arrives in Bangkok.
Boeing (Chicago, Seattle and Charleston) has released this statement and photos:
Boeing employees in Renton, Washington, have started building the first 737 MAX on schedule. Last week, employees started to assemble the wings for the first 737 MAX flight test airplane. Wings are the first 737 components to be assembled in the Renton production process.
Machine operators loaded 737 MAX wing skin panels and stringers into the new panel assembly line that uses automation to drill holes and install fasteners in the upper and lower wing panels. Mechanics also loaded the initial parts of the first 737 MAX spars โ internal support structures in wings โ into automated spar assembly machines. The unfinished skins, stringers and spars were machined by Boeing Fabrication Skin and Spar in Auburn and Fredrickson, Wash. When finished, the panels and spars will be transformed into completed wings.
The wings will be attached to the first 737 MAX fuselage on the new Central line in Renton Final Assembly later this year. The new production line will allow the team to isolate the first 737 MAX build from the rest of production in order to learn and perfect the build process while the Renton factory continues to build at a rate of 42 airplanes a month.
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. Beginning in 2017, the new single-aisle airplane will deliver 20 percent lower fuel use than the first Next-Generation 737s and the lowest operating costs in its class โ 8 percent per seat less than its nearest competitor. To date, the 737 MAX has 2,720 orders from 57 customers worldwide.
Image Above: Boeing.
Top Photo: Boeing. Machine operator Les Nystrom is loading 737 MAX wing skin panels and stringers into the new panel assembly line that uses automation to drill holes and install fasteners in the upper and lower wing panels. The skins and stringers were machined by Boeing Fabrication Skin and Spar in Auburn and Fredrickson, Washington.
Photo Below: Boeing. Operators (left to right, Bin Pham, Marty Deslauriers and Larry Freeman) load the initial parts of the first 737 MAX spars โ internal support structures in wingsโ into an automated spar assembly machine. The unfinished spars were machined by Boeing Fabrication Skin and Spar in Auburn and Fredrickson, Washington.
Southwest Airlines (Dallas) has selected the customer seats for its future Boeing 737-800 and 737 MAX aircraft deliveries. The carrier, in partnership with Boeing, will be the first to roll out the new seats, beginning mid-2016, on new deliveries of its Boeing 737-800. B/E Aerospace, who designed and engineered the seats, unveiled the new product today at the Aircraft Interiors Expo in Hamburg, Germany.
The airline continued:
In 2011, Southwest Airlines announced it would be the launch customer of Boeing’s new 737 MAX aircraft with the first delivery expected in 2017.
“The new aircraft seats are the widest economy seats available in the single-aisle 737 market, and offer a unique design that gives our Customers what they asked for: more space,” said Bob Jordan, Southwest’s Executive Vice President and Chief Commercial Officer. “Serving as the launch customer for this seat is just one of several upcoming milestones related to our bold, new look launched in September of last year, and is specifically aimed at enhancing our Customer Experience.”
The newly-designed seats, which will be seen on new 737-800s beginning mid-2016 join other significant brand milestones, including cabin interior updates on Southwest’s 737-700s which will begin later this year, and continued 737-800 deliveries in the new Heart livery. The industry-leading seats are wider than current seats, and include an adjustable headrest and increased legroom, as well as more personal stowage, while decreasing the overall weight of the product.
“The new, lighter seat allows us to continue to improve our fuel efficiency,” said Mike Van de Ven, Southwest’s Executive Vice President and Chief Operating Officer. “This seat selection is just one more reason we are enthusiastic about our fleet modernization plans.”
The Company’s ongoing fleet modernization effort also includes the transition of AirTran’s Boeing 717-200 aircraft out of the fleet, the replacement of Boeing Classic aircraft with Boeing Next-Generation 737 aircraft, and the projected launch of the 737 MAX aircraft in 2017.
Image Above: Southwest Airlines. The new Boeing MAX 8.
When it enters service, the Boeing 737 MAX aircraftโa brand new aircraftโwill offer improved fuel efficiency, along with significantly reduced emission levels, and will provide the lowest operating costs among single-aisle aircraft. The seats are the first element of the 737 MAX aircraft interior to be released by Boeing and Southwest to the public. The Southwest seat colorโa variant of Southwest’s Bold Blueโhas been chosen, and the seats will be upholstered with eLeather, a composition leather made of natural leather fibers. eLeather, which made its debut on Southwest aircraft in 2012, is manufactured using eco-friendly technology including state-of-the-art techniques which closed-loop recycles 95 percent of the processed water, and converts its own waste streams into energy feeding back into the process.
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