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Global Air Traffic in Q4 2023

on November 10, 2022

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Virgin Atlantic to Fly Net-Zero Transatlantic

Virgin Atlantic To Fly Net-Zero Transatlantic Virgin Atlantic will operate a net-zero carbon emissions transatlantic flight from the UK next year. The first ever net zero transatlantic flight will take off from the UK next year, with Virgin Atlantic receiving government funding to fly across the pond using solely sustainable aviation fuel (SAF). The flight will be operated using solely sustainable aviation fuel on a Boeing 787, powered by Rolls-Royce Trent 1000 engines, from London Heathrow to New York JFK, the UK engine maker says. The move comes after the long-haul carrier received government funding to operate flights using SAF. Rolls-Royce's head of sustainability Rachael Everard states: "The Trent 1000 can already be flown with a 50% blend of SAF on commercial flights, and by the end of 2023 we will have proven that our whole family of Trent engines and business aviation engines are compatible with 100% SAF."

DBRS Warns of Aviation Sector Disruption Amid US Debt Ceiling Crisis

DBRS Warns of Aviation Sector Disruption Amid US Debt Ceiling Crisis Potential Consequences of US Debt Ceiling Failure on Global Airlines and Airports, Warns DBRS Morningstar. According to DBRS Morningstar, the failure to raise the US debt ceiling could lead to temporary disruptions in the operations of global airlines and airports. However, the impact would primarily affect air travel scheduled for later this year, as most summer flights have already been booked. The US ratings agency suggests that if the debt ceiling is not increased promptly, the Treasury would prioritize debt payments. In the event of a short-lived impasse, the macroeconomic effects are expected to be moderate. However, if the situation persists throughout the summer months, the consequences would be more severe. DBRS notes that a potential default by the Treasury on a debt payment could result in negative rating actions in the aviation sector. Consequently, this could adversely affect consumer confidence and spend...

Air China Sells 8 A330-200s to Air China Cargo for Freighter Conversion

Air China Sells 8 A330-200s to Air China Cargo for Freighter Conversion Air China has announced that it will sell eight Airbus A330-200s to its affiliated cargo carrier, Air China Cargo. The aircraft are expected to be converted into freighters and will be used to expand Air China Cargo's fleet. The eight aircraft were introduced to Air China between 2006 and 2008. They are all powered by Rolls-Royce Trent 772 engines. Two of the aircraft are currently stored, while the other six are still in service. Air China Cargo is controlled by China National Aviation Holding, which is also the controlling shareholder of Air China. The cargo carrier currently operates nine Boeing 777-200LRFs, four 757-200Fs, and three 747-400Fs. It has four more 777-200LRFs on order. The sale of the eight A330-200s is part of Air China's fleet optimization efforts. The airline is looking to retire older aircraft and replace them with newer, more efficient models. The conversion of the A330-200s to freight...

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