Latest news with #737-10
Indian Express
22-07-2025
- Business
- Indian Express
Akasa Air expects 25-30% growth in fleet every year to become 226-aircraft strong in 2032; operational profitability likely ‘very soon'
Akasa Air expects its aircraft and seat capacity to grow at a compounded annual growth rate (CAGR) of 25-30 per cent over the over the next seven years as the airline expects to have a 226-aircraft fleet by 2032, up from its current strength of 30 Boeing 737 MAX family aircraft, according to the airline's chief financial officer Ankur Goel. With robust growth in capacity and the airline's 'steadfast focus on cost leadership', the three-year-old carrier is well on its path to profitability, Goel told reporters on Tuesday. The airline—India's youngest major carrier—had ordered a total of 226 Boeing 737 MAX family aircraft, all of which are expected to be delivered by 2032, which comes out to 28 aircraft per year on average. Goel, however, said that the aircraft deliveries will vary over the years, with fewer deliveries likely over the next two-three years, after which they are expected to pick up significantly. Goel added that Akasa Air is in regular touch with Boeing and all signals are that the aircraft are expected to be delivered sooner than earlier anticipated, which gives the airline confidence that its aircraft order will be fulfilled by 2032. Boeing has had issues with aircraft deliveries due to various crises and regulatory oversight, but Goel said that most of Boeing's issues now seem 'to be behind them'. The airline currently has 23 Boeing 737-8 aircraft, which have 185-189 seats apiece, and seven 737-8-200 jets that can seat 197 passengers. Akasa Air also has some 737-10 aircraft—which will have 227 seats—on order, and their deliveries are likely to start from 2027. Akasa Air's revenue in 2024-25 (FY25) grew 49 per cent year-on-year, while capacity in terms of available seat kilometres (ASK) grew at a 48 per cent, Goel said, without giving specific numbers. In FY26, the airline expects its capacity in terms of ASKs to growth by 30 per cent. The airline's stage-adjusted revenue per ASK (RASK) improved by 13 per cent in FY25, while cost per ASK (CASK) was down 8 per cent, leading to unit margins improving by over 20 per cent year-on-year. Operating margin improved by half on a year-on-year basis. While the airline is still not profitable, Goel said that the trajectory of revenue growth and cost reduction on a per unit basis means that it will be operationally profitable 'very soon', but refrained from giving any specific timeline. He said that currently, the rapid capacity growth and the consequent cost increase at the company level is offsetting the improvement in revenue as well as the unit cost levels. He expects the equation to change soon as revenue and cost dynamics continue to improve significantly. 'Akasa Air's financial performance reflects the strength of our business model and the disciplined execution of our strategy. We are optimistic about the future and are looking forward to building on the momentum of our robust financial and commercial performance in the years ahead. Akasa Air is on a deterministic path towards building the industry's best cost structure, and we are confident that we will continue to set new standards driven by our efficient planning, strategic expansion and promising potential of the nation's economy,' Goel said. Sukalp Sharma is a Senior Assistant Editor with The Indian Express and writes on a host of subjects and sectors, notably energy and aviation. He has over 13 years of experience in journalism with a body of work spanning areas like politics, development, equity markets, corporates, trade, and economic policy. He considers himself an above-average photographer, which goes well with his love for travel. ... Read More
Hype Malaysia
22-04-2025
- Business
- Hype Malaysia
Malaysia Airlines Glows Up With New Manchester United Livery, Return To Brisbane & Upgraded Fleet
Get ready for take-off! Malaysia Airlines recently announced a series of exciting developments aimed at elevating its global presence and connectivity, including the unveiling of its latest cobranded aircraft livery in partnership with Manchester United. The airline also confirmed its return to Brisbane starting from November 2025 alongside increased flight frequencies across its Asia Pacific network as it seeks to strengthen its global connectivity as the gateway to Asia and beyond. Malaysia Airlines x Manchester United Co-Branded Livery The bespoke livery, now featured on the airline's flagship A330-300, blends the national pride of Malaysia with Manchester United's global sporting prestige. With dynamic red lines flowing from the Malaysia flag into the club's iconic red, the design symbolises harmony, strength, and unity between aviation and sports – two forces that inspire and connect people worldwide. The unveiling was made even more memorable with the presence of Manchester United legends Dimitar Berbatov, Nemanja Vidić, and Luís Nani who joined the celebrations in Malaysia. Return To Brisbane & Enhanced Frequencies Malaysia Airlines returns to Brisbane with direct flights starting 29th November 2025, offering promo fares from RM1,999 (Economy) and RM8,999 (Business). The move strengthens its Aussie presence, with increased flights to Sydney and Melbourne, plus the debut of its new A330neo fleet for added comfort and efficiency. Australia remains a key market for Malaysia Airlines, with growing demand driving enhanced capacity for better connectivity and travel options. At the MATTA Fair 2025, the airline will showcase its commitment, with new partnerships expected with Australian tourism boards. Additionally, Malaysia Airlines has boosted flight frequencies across its Asia-Pacific network, adding services to cities like Sydney, Melbourne, Auckland, Surabaya, Phuket, and Trivandrum, further strengthening its presence and catering to both business and leisure travellers. Malaysia Airlines Unveils Lie-Flat Business Class On 737-10 At the same event, Malaysia Airlines previewed its new lie-flat Business Class seats for the Boeing 737-10 – a first for its narrowbody fleet – bringing consistent end-to-end comfort to regional travel. Passengers can enjoy seamless journeys, such as Trivandrum to Kuala Lumpur on the 737-10 with onward connections to Melbourne on the A330neo, all within a unified, premium cabin experience. With plans to operate 55 Boeing 737-8 and 737-10 aircraft by 2030, this expansion supports the airline's fleet modernisation and ambition to be a Top 10 global and Top 5 Asian airline. Datuk Captain Izham Ismail, Group Managing Director of Malaysia Aviation Group (MAG), said, 'This marks a bold and exciting new chapter for Malaysia Airlines, as we unite the passion of sport, the spirit of innovation, and the pride of our nation. Our partnership with Manchester United embodies shared values of excellence and global ambition, while the resumption of Brisbane flights and expanded regional connectivity reinforce our strategic focus on growth. With the introduction of lie-flat Business Class seats on our new Boeing 737-10 aircraft, we are redefining the travel experience for our guests. As we continue to elevate our offerings, we remain steadfast in our commitment to reimagining travel through the lens of Malaysian Hospitality, guided by our vision to be among the world's leading airlines.' Product Enhancements Malaysia Airlines is stepping up its game with enhanced Economy Class fare tiers – Economy Value (formerly Lite), Basic, and Flex – offering more flexibility, comfort, and that signature Malaysian hospitality. Economy Value now includes 7kg cabin baggage, 20kg checked baggage, complimentary meals, a 10% child discount, and booking flexibility for a fee. On top of that, its EnrichMoney multi-currency ewallet and Visa prepaid card now features Pay with EnrichMoney Points, letting members redeem points instantly via DuitNow QR – Malaysia's first of its kind. From 18th April to 31st May 2025, users can even enjoy up to RM5 off, turning points into perks effortlessly. Malaysia Airlines' momentum is further bolstered by strategic trade and industry partnerships with leading organisations such as Google, Atout France, Panorama Group, Student Universe, amongst others – reflecting its forward-looking approach to collaborative growth and digital transformation in the travel sector.
Yahoo
25-03-2025
- Business
- Yahoo
Boeing Wins Order to Supply Up to 60 737 MAX Jets to Malaysia Airlines
The Boeing Company BA recently secured an order from Malaysia Aviation Group to supply 18 of its 737-8 and 12 737-10, as well as options for 30 more 737 MAX commercial aircraft. These aircraft will not only improve the efficiency of Malaysia Airlines' fleet and expand its seating capacity but will also enable the company to enhance the whole in-flight experience while prioritizing the demands of its passengers. This contract win should significantly boost Boeing's commercial airplane business has faced significant challenges over the last few months, including a major financial loss, safety concerns and production delays of its commercial aircraft. This new order, along with a recent defense contract to design, build and deliver its next-generation fighter aircraft under the Next Generation Air Dominance program, will boost Boeing's prospects. The Boeing 737 has served as an essential component of Malaysia Airlines' single-aisle fleet for nearly 60 years. Boeing's presence in Malaysia includes Boeing Composites Malaysia, the company's first fully owned production facility in Southeast Asia. The manufacturing facility makes composites and subassemblies for all Boeing commercial aircraft, including the 737 Airlines presently runs more than 50 737 aircraft, and the addition of new 737-8 and 737-10 jets will offer operational commonality and the best per-seat costs in their class, leading to a 20% decrease in emissions and fuel consumption. Boeing's 2024 Commercial Market Outlook projects that Southeast Asia air travel will more than triple in the next 20 years, with annual growth of 7.2%. More than 4,720 new airplane deliveries are expected by 2043. Undoubtedly, such solid market growth offers strong expansion opportunities for Boeing, one of the largest commercial jet makers in the already enjoys a strong business footprint in Southeast Asia and has been the manufacturer of premier commercial jetliners for decades. The company's commercial portfolio includes 737, 767, 777 and 787 families of aircraft, as well as the Boeing Business Jet line, which serves the Southeast Asia is well-known across the region in nations such as Thailand, Malaysia, Vietnam, Singapore and a few more. Boeing Commercial Training Solutions' Singapore Facility is the company's largest aviation training center in Asia. Other prominent aerospace players that have a strong presence in the Southeast Asia market are mentioned below:Airbus Group EADSY: The company has been an essential player in Singapore's aerospace industry, with strong ties in commercial aviation, defense, space and helicopters. With more than 640 sold aircraft, including the A320neo Family, A330neo, A350 and A380, the company is the top commercial aircraft provider for Singapore has a long-term (three to five years) earnings growth rate of 7.5%. The Zacks Consensus Estimate for EADSY's 2025 sales calls for an improvement of 6.5% from the prior-year reported Dynamics Corp. GD: The company's Jet Aviation maintenance hub in Singapore offers a wide range of aviation services, including fixed-wing maintenance, refurbishment, engineering, Fixed-Base Operator, aircraft management and charter boasts a long-term earnings growth rate of 9.8%. The Zacks Consensus Estimate for GD's 2025 sales implies an improvement of 5.5% from the prior-year reported Inc. TXT: The company has a strong presence in Southeast Asia. Its Singapore Service Center offers maintenance, repair and overhaul services for its aircraft, including legacy models. The facility also specializes in the installation of upgrades and modifications as well as unscheduled boasts a long-term earnings growth rate of 10%. The Zacks Consensus Estimate for TXT's 2025 sales suggests an improvement of 6.9% from the prior-year reported figure. In the past six months, shares of Boeing have risen 17% against the industry's decline of 7%. Image Source: Zacks Investment Research Boeing currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report General Dynamics Corporation (GD) : Free Stock Analysis Report Textron Inc. (TXT) : Free Stock Analysis Report Airbus Group (EADSY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Trade Arabia
23-03-2025
- Business
- Trade Arabia
Malaysia Airlines to get upto 60 more Boeing planes
Boeing and Malaysia Aviation Group announced an order for 18 737-8 and 12 737-10 single-aisle jets to renew Malaysia Airlines' fleet with more fuel-efficient airplanes. The order, which also includes ptions for 30 more, will enable Malaysia's flag carrier to introduce new lie-flat seats and meet growing travel demand in Southeast Asia – one of the fastest-growing commercial aviation markets. The region's airplane fleet is projected to grow nearly 250% over the next 20 years, underscoring the importance of Malaysia Aviation Group's investment in the 737-8's versatility and the 737-10's capacity as the largest member of the 737 MAX family. "This is a significant investment for Malaysia Aviation Group, enabling us to deliver cutting-edge premium cabin offerings and state-of-the-art technology to our customers," said Izham Ismail, group managing director of Malaysia Aviation Group. "The addition of these new airplanes will not only enhance our fleet's efficiency and increase seating capacity, but allow us to elevate the overall inflight experience, with our passengers' needs at the forefront." The Boeing 737 has served as the backbone of Malaysia Airlines' single-aisle fleet for nearly 60 years following the introduction of its first 737-100 in 1969. Malaysia Airlines has since operated nearly every variant of the 737 family and will continue that legacy with this latest order for the 737 MAX. "Today's announcement represents another milestone in Boeing's long-standing partnership with Malaysia and reflects our enduring commitment to the country's aerospace sector," said Dr Brendan Nelson AO, president of Boeing Global. "The opportunity to introduce more Boeing airplanes in Malaysia is a point of pride for our many Malaysian employees who contribute to every airplane Boeing builds and delivers to customers around the world." With more than 50 737 jets in Malaysia Airlines' fleet, the introduction of additional 737-8s and the 737-10 offers operational commonality and the best per-seat economics in their class, reducing fuel use and emissions by 20%. "We are honoured to build upon our valued partnership with Malaysia Aviation Group and support them in modernizing their fleet," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "Adding the 737-8 and 737-10 will equip Malaysia Airlines with the operational flexibility, environmental performance and additional capacity they need to better serve a growing number of passengers." Passenger air traffic across Southeast Asia will more than triple over the next 20 years, as projected in Boeing's Commercial Market Outlook, the company's long-term demand forecast for commercial airplanes and services. Of the more than 4,700 new airplanes expected to be delivered to the region's operators through 2043, nearly 80% will be single-aisle jets, such as the 737 MAX family.
Zawya
13-03-2025
- Business
- Zawya
Turkish Technic inks Air India Express fleet support deal
Turkish Technic, one of the leading maintenance, repair, and overhaul (MRO) companies worldwide, has signed an agreement with Air India Express, a subsidiary of Tata Group-owned Air India group, covering their Boeing 737-8 and 737-10 fleet. The Turkish group said it has been a trusted solution partner for Air India Express, providing various maintenance solutions over many years. This agreement further solidifies the mutual trust and collaboration between the two companies and reinforces Air India Express's dedication to operational efficiency as Turkish Technic ensures uninterrupted, seamless operations for the carrier, it stated. The deal covers the component support and solution needs of 190 Boeing 737-8 and 73710 aircraft, enabling Air India Express to benefit from its extensive component services such as component pooling, repair, overhaul, modification, and logistics services, said the Turkish group in a statement. Leveraging its extensive global supply chain and technical expertise, Turkish Technic continues to enhance the operational efficiency and fleet reliability of Air India Express's fleet, it added. On the strategic deal, Mikail Akbulut, CEO and Board Member of Turkish Technic, said: "We are happy to further strengthen our partnership with Air India Express through a new agreement. The continuation of our cooperation is a testament to our reliability in component support, supply, and solution services." "We are confident in our capabilities and global supply chain network to continue enhancing their operational efficiency. We thank Air India Express for choosing us as their trusted solution partner. We are excited to contribute to the elevation of Indian aviation," he added. Aloke Singh, Managing Director, Air India Express said: "We are happy to have Turkish Technic as our partner for the component support and solution service for the B737-8 and B737-10 aircraft." "The collaboration will further bolster our repairs and maintenance competencies for the airline's rapidly growing B737 family of aircraft and enhance our reliability and availability of components for aircraft operations," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
