Transportation Industry

Aircraft Finance & Leasing News - Africa / Middle East

AirGuide Business, May 5, 2008

May 5, 2008

Emirates Airlines, Airbus

Airbus pays carrier compensation for A380 delay. Emirates said it received $110 million in 2007 from Airbus to compensate the airline for A380 delays. Emirates has ordered 58 of the superjumbo jets. May 2, 2008

Nationwide Airlines

Nationwide Airlines of South Africa shut down operations Tuesday following a March and April during which fuel costs climbed 30% and load factors decreased. The carrier has faced difficulties since a November engine separation on a Boeing 737-200 led to grounding of its fleet by the South African Civil Aviation Authority. It said it "attained a gradual recovery of the business" in December and January but was unable to secure investment from a consortium with which it was negotiating. Nationwide operated 11 -200s, two 737-500s, three 727-200s and one 767-300 on domestic and African routes as well as to London Gatwick. May 1, 2008

Royal Jordanian, Boeing

Royal Jordanian President and CEO Samer Majali conceded that airline's long-haul fleet modernization will be affected by the 787 program delays. He said the carrier is negotiating with Boeing and leasing companies to find alternative aircraft to absorb a postponement of 1.5-2.5 years from the originally scheduled first delivery in 2010. It has four of the aircraft on order and intends to take an additional eight on lease. May 1, 2008

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